The investment era of rebirth

Chapter 252 Zhenhua Capital
In addition to the many people in the industry at the banquet last night, other leaders from the China Securities Regulatory Commission and the Fund Industry Association attended the meeting.

After signing in, Su Yu found a place to sit down, and then listened to the speeches of the leaders on the stage in boredom. He actually came here to confirm one thing.

This is the so-called summit exchange, which direction is the direction of the wind released by the regulators?

And just as he guessed...

After the leaders have finished setting the macro tone of the current market, that is, after nearly 2 hours of lengthy speeches, the 'window guidance' finally started.

I hope that the public and private equity institutions present here can actively enter the market.

Of course, the leaders at the regulatory level didn't talk about coercion, after all, they don't have the power, they just talk about initiative, but this kind of initiative... is still too obvious.

"That's it?"

In the face of active market entry initiatives from the regulators, many internal fund managers who are not optimistic about the future of the market complained about this: "I thought it was possible to discuss a clear investment direction in the future, but I didn't expect ...the meeting will convey the spirit to everyone."

"A cow doesn't drink water, press your head!" A fund manager of a private equity institution lamented, "We are not a public equity fund, and we have no minimum position limit, nor are we obligated to solve certain market tasks, support the market, or create a market. It's going to happen... I'm really not happy."

"It's only talking about initiatives, but not about coercion. If you don't listen, it's over?" Someone laughed and said, "The current market, in the second half of the year, has picked up a bit, but if you talk about a bull market... it's still far away, and this At that time, a round of rebound trend is about to end. At this time, entering the market to build a large-scale position is very likely to be connected to a high position. No matter what other people do, anyway at this time... our Yinghui Fund will definitely not increase the position at a high level of."

"Well, indeed, although the market has rebounded violently recently, the macro data is not ideal!"

"The growth rate of M2 data is much lower than expected."

"The Federal Reserve has also withdrawn from the QE plan. The global monetary policy is tightening. Without credit easing, where is the impetus for the bull market? Isn't it appealing at this time to let people take over?"

"Let the public offering funds take the lead. At this time... I would rather invest on the right side after the Shanghai Stock Exchange Index completely breaks through the pressure, and I am absolutely unwilling to take orders at a high position at this position."

"Hey, the horn of the bull market has been shouted for almost a year, but in reality, how easy is the bull market?"

"It is only useful to appeal to the majority of retail investors to enter the market!"

"Uh, the performance cannot be promoted, the valuation cannot be increased, and the economic growth rate cannot be increased. Is appealing enough?"

"Indeed, there is no real money investment, everything is needed, or what Mr. Su from "Yuhang Investment" said well last night, there is no profit-making effect, and more incremental funds cannot be attracted. What are you talking about? , microcosm, it’s all nonsense, I think... If the market is really good, there is no need to appeal at all, and everyone will run into the market. When do you need to appeal and mobilize? Doesn’t it mean that the market is not good and everyone needs to take over the market? when?"

"I'm definitely not willing to be this big fool! Whoever loves to be the one should go."

"It's better to directly increase the minimum holding ratio of public funds, so that institutions can be forced to take over."

"If you really do this, the impact will be bad."

"However, the mobilization meeting has been held, which proves that the supervisor...should have received some tasks, right? Otherwise, how could there be such a meeting?"

After the meeting ended, the discussion room where everyone was whispering...

Xu Zhongji, the general manager of Minghui Capital, who was walking side by side with Su Yu, did not speak for a while. After pondering for a while, he asked Su Yu, "President Su, what do you think?"

"What does Mr. Xu think?" Su Yu didn't answer directly, but asked back with a smile.

"It's hard to say!" Xu Zhongji replied, "Actually, this kind of public strategy meeting, oh... I call it 'briefing' for short, and it's not once or twice, but this time, it seems to be more urgent. , I always feel that there should be some big movement in the market next!"

"Well!" Su Yu said, "Indeed, the signal released is more urgent."

"I just don't know whether it will be good or bad for the market!" Xu Zhongji said with emotion, "It seems to be a relatively positive signal at first glance, but I am afraid that there are only a handful of institutions that will be called by the regulators to enter the market. It’s easy to shout slogans, but it’s not easy when real money is involved.”

"In addition, all the main lines of speculation in the market have been fully expected, and after waves of speculation, the stock price is already at a high level."

"Moreover, the macro market at the end of the year is still bearish."

"The index is probably... not so easy to get on."

"Well, it's not a good strategy to accept it as soon as it's good." Su Yu said, "However, after this meeting, the market signal released by the regulatory authorities cannot be ignored. It is necessary to know that A shares are the policy market. Ah, there are many expected shifts in market conditions that are based on shifts in policy direction."

Xu Zhongji thought for a while and said, "That's true, but I don't know what specific movements will happen."

Su Yu smiled. Although he knew that the real purpose of this 'briefing' was to appeal to everyone to support the market, so as to open up the direct financing channels of the stagnant market and restart the IPO market, he did not say it directly, but said lightly. He replied: "Wait for the follow-up market trend verification, I believe...all the results of market information will eventually be reflected in the market trend, and it will be clear at that time."

"If you really wait for the market to react, I'm afraid it will be too late." Xu Zhongji said, "Since Mr. Su said that the basic conditions for the current bull market are not mature, and he also agrees that the market news is relatively empty during the period at the end of the year, then I will not wait." The final result is, after the National Day, wait for the market to open, and then close as soon as it is good, and wait for the next year to fight again."

Although they Ming Fai Capital, did not grasp the key 'Shanghai Free Trade Zone' and 'Mobile Internet' these two waves of market.

However, he finally caught the wave of "restructuring and backdooring" and corrected the loss-making fund's net value. Moreover, relying on Shigekura Huachuang Credit Test, he made a fortune and outperformed the annual index. established performance tasks.

In this way, under the circumstances that the subsequent uncertainty will increase greatly and the index will be adjusted with high probability.

He felt that safety was the main priority, and he would accept it as soon as it was good.

After all, if, due to a little greed, you lose back the recovered net worth in the two months at the end of the year, then the gain outweighs the loss.

"Mr. Xu is so cautious, but it doesn't match the spirit of the meeting!"

While Xu Zhongji was speaking, Mr. Liu, the fund manager of Yinghui who also came out of the meeting room, smiled and said: "Your Minghui Capital main fund's performance this year is not bad, why don't you make another rush at the end of the year? Maybe... the year-end fund performance ranking list On the Internet, you have the name of Ming Fai Capital?"

"With Mr. Su's 'Yuhang No. 1' fund product at the front, what difference does it make if you rush or not?" Xu Zhongji glanced at the other party and said with a smile, "As for saying that I am cautious, it is not in line with the spirit of the meeting. In general, you are much more radical than me, why don't you Yinghui Fund take the lead?"

"Our Yinghui Fund has never had any ambitions." Mr. Liu replied, "A small fortune is enough. For me, that's enough."

The two of them smiled and mocked...

At this time, beside Su Yu, a middle-aged man whom he did not know appeared.

The middle-aged man held out his hand to Su Yu with a smile, and said, "Mr. Su, I am Zhu Zhaoji from Zhenhua Capital. Our chairman would like to invite Mr. Su to have lunch together. I wonder if Mr. Su will show you his face?"

"Zhenhua Capital?" Su Yu looked at the man in front of him, a little surprised.

He never expected that Xie Zhenhua of Zhenhua Capital would take the initiative to find him. After all, he had nothing to do with the Xie family of Zhenhua Capital.

"Yes!" Zhu Zhaoji nodded with a smile, "Our chairman values ​​Mr. Su very much, so..."

Su Yu looked at the other party's polite manner, shook hands with him with a smile, and said, "Since Chairman Xie invited you, then...please!"

After all, the other party is a bigwig in the industry with a deep foundation in Yanjing.

The other party openly took the initiative to invite, if he didn't give this face, it would be to let the other party down.

Furthermore, the attitude of the other party's invitation is not bad, and letting a manager-level person invite him can be regarded as giving him enough face. On the basis of not hitting the smiling person with his hand, he has no reason to refuse.

"President Su, since that's the case...then we'll make an appointment next time." Xu Zhongji laughed while the two of them were talking, "We'll talk again when you return to Yuhang."

"Yes!" Su Yu nodded slightly, then stretched out his hand like Xu Zhongji, and said, "Then let's talk next time."

Xu Zhongji stretched out his hand to shake Su Yu with a smile, as farewell.

Then, the two parted ways, and Su Yu followed the Zhenhua Capital manager named Zhu Zhaoji into the car, and then came to another high-end hotel.

The two walked into the VIP room of the hotel together.

I saw a middle-aged man about 50 years old and a young man about 30 years old sitting inside.

"Chairman, this is President Su of 'Yuhang Investment', Mr. Su." Zhu Zhaoji, who led Su Yu into the private room, respectfully reported to the middle-aged man about 50 years old.

The middle-aged man looked at Su Yu carefully, nodded slightly, and motioned: "President Su, please sit down!"

Su Yu also looked at the other party carefully while the other party was looking at himself, then nodded, sat down on the seat reserved for him a long time ago, and asked with some doubts: "Chairman Xie invited me, I wonder What is it?"

"Haha..." Xie Zhenhua laughed loudly, and said, "It's nothing, I just want to invite Mr. Su to dinner and listen to Mr. Su's opinions on the current domestic investment market."

Su Yu frowned when he heard what he said, and said, "In front of Chairman Xie, it's hard to talk about high opinions."

"President Su is being modest." Xie Zhenhua said, "President Su said at the dinner party last night that the basic theory of the bull market is very good, and I agree with it!"

"Oh, right……"

Xie Zhenhua paused, then remembered that there was another person beside him, and introduced to Su Yu with a smile: "This is Zhang Lei from 'Gaolin Capital', Mr. Zhang."

"Teacher, you can just call me Xiao Zhang." Zhang Lei said with a smile.

"That won't work." Xie Zhenhua said, "Although you call me a teacher, your identity is different now. If I call you Xiao Zhang again, it will be difficult for you to get along with many clients as equals on many occasions. "

"Gaolin Capital, Zhang Lei?"

Su Yu stared at Zhang Lei, who had a face with Chinese characters and a smile on his face, really surprised.

In his memory, the other party is a tycoon in the domestic investment circle in the future. He has successfully invested and incubated many well-known companies, and has also grabbed a large profit from the explosive mobile Internet. 'Gaolin Capital' has built a domestic capital group of 7000 billion yuan. At its peak, the scale of asset management investment reached more than [-] billion yuan.

And in the historical trajectory before rebirth...

He and this future tycoon in the investment world did not have any life intersections, and he did not know that the other party was actually inextricably linked with the Xie family of 'Zhenhua Capital'.

However, now that he thought about it carefully, he completely understood.

If it weren't for the other party's inextricable connection with the Xie family of 'Zhenhua Capital', it would be impossible for the other party to develop so fast after starting a business. With so many high-quality projects, within a few years, they have become the first echelon of domestic capital investment banks.

"Thank you teacher for caring about the students." Zhang Lei replied gratefully.

Then, he looked at Su Yu with a smile, and stretched out his hand to him: "Boss Su, it's a pleasure to meet you. During this period of time, your strong record in the A-share market is still impressive even if I just returned to China!"

"Mr. Zhang is polite." Su Yu stretched out his hand to shake him with a smile, and said, "I have also heard about Mr. Zhang's investment deeds, especially your recent investment in 'Jindong Mall'. I really admire that in the era of smart phones, the 'Internet' industry will definitely shine."

"Oh? Mr. Su knows me so well?" Zhang Lei was very surprised, and a little shock surged in his heart.

In fact, he has just returned to China from Harvard Business School in the United States. Although benefiting from his experience in the United States, he is indeed optimistic about the future of the "Internet" industry in the era of smart phones, and has also invested in "Jindong Mall". The reputation of the financial and investment circles is not obvious.

It can be said... just a very ordinary investor.

Su Yu was able to collect his information and pay attention to his latest developments, which gave him a creepy feeling.

"Maybe it's because we are more optimistic about the same industry direction!" Su Yu replied with a smile.

"Boss Su also believes that Jindong Mall, as well as the entire 'Internet' industry, still have great potential for development in the future?" Zhang Lei felt that it was hard to find a good friend, and he didn't care whether what Su Yu said was true or not. Some excitedly said, "Sure enough... the hero sees the same thing!"

Afterwards, after the two got to know each other...

They had heated exchanges on the future smart phone era, the evolution of the 'Internet' industry and the 'Mobile Internet' industry, as well as possible investment opportunities.

And Xie Zhenhua looked at the two young men with a smile, and occasionally ordered Zhu Zhaoji to ask the waiter to add more wine and vegetables.

For the rest, I didn't interrupt much.

"President Su, you have been to the United States, right?" After the two of them fully communicated, the excitement in Zhang Lei's heart was hard to dissipate, and he asked, "Many of the future deduction and development paths you mentioned are similar to the current United States. The development of the 'Internet' is exactly the same."

Su Yu shook his head and said, "I have never been to the United States, but I have read a lot of books and learned a lot of news about this field."

"Amazing!" Zhang Lei said, "It's amazing to have such insights without personal experience, Mr. Su."

His words are sincere appreciation.

In fact, before he met Su Yu, he had never seen someone who had such a clear understanding of the future Internet development in the domestic investment circle, not just in the investment circle and the financial circle.

"Boss Zhang is absurd." Su Yu responded with a smile.

Seeing that the other party didn't have any airs, and the conversation seemed very sincere, and I also admired this future investment boss in my heart.

Time passed unknowingly...

When Su Yu and the other party came back to their senses in the continuous collision of investment thinking and various industry insights, it was already past 2 o'clock in the afternoon.

Then, after continuing to drink a lot of wine, everyone broke up happily.

Among them, Zhu Zhaoji sent Su Yu back to Huaxin Hotel, while Zhang Lei and Xie Zhenhua left in the same car.

"Little Lei, what do you think of this young man from 'Yuhang Investment'?" Xie Zhenhua asked in the Rolls-Royce car after a moment of silence.

Zhang Lei pondered for a moment, and replied: "Although he is young, he has outstanding abilities in all aspects and a good personality."

"His many investment insights..."

Zhang Lei paused, and continued: "It's all very inspiring to me, and he has quite a forward-looking vision for macroeconomic and industrial development. I feel ashamed. If he is given enough time and opportunities to develop , I believe that within a few years, he will become a well-known figure in the domestic capital and financial circles."

"It's rare for you to say such a high evaluation!" Xie Zhenhua laughed.

"Doesn't the teacher think so?" Zhang Lei asked.

Xie Zhenhua narrowed his eyes, and said: "He is also an excellent talent, but the wood is as good as the forest, and the wind will destroy it. This young man is too sharp. I am afraid that the follow-up development path will not be smooth, and his The foundation is too shallow, and the speed of wealth accumulation expands too fast, I am afraid it is not a good thing for him."

"The domestic environment should not be so bad now, right?" Zhang Lei said, "And I think he is also a person who understands the division of interests."

"It's hard to say!" Xie Zhenhua said with emotion.

Zhang Lei paused for a while, guessing Xie Zhenhua's motive for calling him over and inviting Su Yu to dinner, and asked: "The teacher invited him to meet and eat, probably because he wanted to inspect him? Now... it's for him." Not so satisfied?"

"Based on his performance alone, it is not an exaggeration to say that he is a dragon among men." Xie Zhenhua said, "But what my Xie family wants is actually not such a person."

"Wealth and status are already enough for me."

"What I want from Xie's family is a person who is more than mature, but enterprising does not need such a strong person."

"Uh..." Zhang Lei was a little shocked when he heard this.

He never expected that Xie Zhenhua was picking the future heir of the Xie family's wealth, guarding for his daughter, and selecting qualified sons-in-law.

"Wan Ting has...contact with this President Su?" Zhang Lei asked.

"According to Zhaoji's reaction, at the banquet at the Huaxin Hotel last night, Ting'er and this young man had a very happy chat." Xie Zhenhua said, "It's rare for someone to catch her eye. As a father, I can't hold her hand." Eyes? There are so many talents in Yanjing, I don't understand why she doesn't like any of them, especially that kid from the Hu family."

"The two of them, childhood sweethearts, grew up together. They didn't say everything to her, did they?"

"That's at least responsive."

"Ke Ting'er, don't talk about looking at people right now, and don't even let them go down a step."

"Hey, since her mother passed away, she has become more and more disgusted with my father, and her temper has become more and more rebellious. Now she is 24 years old, and she is not in a hurry."

"Isn't it just that she wanted to learn the violin back then, but I didn't let her go?"

"As for remembering till now?"

"Teacher, I think it's not that Wan Ting doesn't like you." Zhang Lei coughed lightly and said, "It's probably because you pushed me too fast, so... I don't want to go home, and I just want to hide in Mr. Zhou's 'An Lan'." fund company."

"Am I in a hurry?" Xie Zhenhua glanced at Zhang Lei, "Are you in a hurry?"

Zhang Lei knew that his teacher was also a stubborn person, and his persuasion would not have any effect, so he continued to cough, and stopped bringing up the topic. After thinking about it, he said, "Teacher, I have an investment For the project, I am still not sure about the future prospects, and I would like to hear your suggestions."

And as the two of them commented and talked about Su Yu...

Su Yu returned to the hotel, rested for less than 2 hours, and then received a call from Xie Wanting. The other party invited him to have dinner together at night, and in order to prevent him from not going, he also found someone on the phone who wanted to talk to them. Investment' The reason for negotiating investment cooperation, using official business to prevaricate Su Yu's original refusal.

"This father and daughter...really interesting." Su Yu hung up the phone, smiled, and secretly said.

(End of this chapter)