The investment era of rebirth

Chapter 414 Distributing profits to the secondary market!

Li Mengmeng Su Yu was still full of confidence, smiled, and said: "At this time, there should be very few investors in the market who are as optimistic as you."

"How do you say something?" Su Yu said with a smile, "The truth is always in the hands of a few."

Li Meng nodded and continued: "Sure enough, the 3/1700 rule of the market is valid no matter what the situation is. If you go back to [-] days ago, who would have thought that the next two trading days in the market would , will it be like this? The market turnover has exceeded [-] billion for two consecutive days.”

"This location..."

Li Meng paused, and continued: "Under this kind of plunge and correction trend, there are a lot of buried funds, and the index is once again suppressed below 2500 points, which may cause the pressure of the majority of investors in the market on 2500 points. The position cognition is clearer, so... the next time the market reverses, it will be more difficult to break through 2500 points."

"The so-called 'pressure level' is used to break through." Su Yu responded, "As long as the fundamentals of the market keep improving and future investment expectations keep increasing, then there is no such thing as a 'pressure level' in the market. , On the contrary, at this time... when the market's short-term expectations and long-term expectations conflict, it is an excellent opportunity to participate in transactions."

"Don't worry..."

Su Yu continued with a smile: "Looking at the attitude of the regulators on the release of the news, they are still taking care of the market with extreme care, trying their best to ensure the implementation of the policy, and have the least impact on the market. This shows that from the perspective of the regulators , They are still very eager for the market to be active and to generate a continuous market to solve the problem of the IPO barrier lake.”

"As long as the regulator's attitude towards the market remains unchanged, they will still be fully encouraging and caring for the market."

"Then, it can be foreseen that when the market fluctuates greatly, the long-term sentiment declines rapidly, and market confidence is severely lacking, they will most likely introduce some new policies and methods to boost market confidence and enhance everyone's confidence in the future." Investment expectations, to offset the blood-sucking effect of the IPO restart on the market.”

Hearing Su Yu's words, Li Meng's heart moved, and he was a little shocked and said: "You mean... there is a high probability that in the near future, the regulatory authorities will release some major supporting news to hedge against the restart of the IPO market. The resulting negative blow?"

"If you want to quickly restore market confidence and further enhance the market's long-term sentiment and expectations, this is undoubtedly the best way." Su Yu said, "More and more outstanding domestic companies have been hindered in financing and have to choose Under the background of overseas listing, in order to revitalize the direct financing channels in the market and solve the long-accumulated IPO barrier lake problem, the restart of the market IPO is inevitable.”

"And according to the current depressed investment sentiment in the market, and the lack of market liquidity."

"If the market is not heated up and the existing market investment ecology is not changed, then... even if the IPO market restarts, there will not be so much market capital to undertake new share issuance."

"At that time, if you continue to issue regardless of your disregard, you will only be reduced to the same situation as before."

"That is to say, new shares are broken in a large area, and the market's profit-making effect is further sluggish, thus forming a vicious circle, resulting in further drying up of market liquidity, and making subsequent new shares impossible to issue."

"However, we have experienced the previous situation and learned the lessons of history."

"Obviously, the desired effect of the supervisory group at this time is definitely completely different from before..."

"What they want is to ensure that the new shares can be fully issued, and can truly solve the IPO barrier lake problem that has accumulated for many years. You can see the purchase rules.”

"So, how can we ensure that new shares can be issued and not repeat the mistakes of previous policies?"

"According to the adjusted IPO restart rules, we can actually see some clues."

"What's the clue?" Li Meng asked curiously with a confused expression.

Su Yu pointed to the 'IPO Restart' rules and regulations displayed on the laptop screen in front of Li Meng, and said: "That is to proceed step by step, try to absorb as little blood as possible from the market, and at the same time lower the price-earnings ratio of new stock issuance, and give profits to investors who subscribe for new shares. Or let the profits go to the secondary market, and create some profit-making effects in the issuance of new shares, as long as there is a profit-making effect... Is it afraid that there will be no market under the crowd of followers?"

"Understood!" After Su Yu's reminder, Li Meng reacted instantly, "It seems that the leaders of this supervisory level are very smart, and they have really grasped the crux of the market."

In the domestic financial trading market dominated by 90% retail investors.

All the so-called 'value investing' and 'long-term investment' propaganda are in vain.

Under the intertwined influence of human nature and emotions, as long as the structure of the investor group participating in the market remains unchanged, then short-term hype and excessive hype must be the mainstream, because only this form of hype can quickly gather the market's profit-making effect and attract people inside and outside the market. The retail investor group has received great attention.

in other words……

The simplest reason to make the market hot.

That is, through the continuous profit-making effect gathered together, the majority of retail investors who occupy 90% of the market believe that investing in stocks can easily make money, and that they can reap huge profits with just a few fingers. Actively participated.

The so-called as long as there is a continuous profit-making effect, there must be a market, this is the truth.

At present, it is obvious that the regulators are fully distributing the dividends of new share issuance to the secondary market while changing the IPO issuance system and rules, and are fully using existing policy measures to stimulate this market as much as possible. key point.

Therefore, Su Yu will be relatively optimistic after seeing this IPO restart plan.

Su Yu nodded slightly and said: "It's really rare. Next... let's see the effect. I believe that something unexpected will happen."

After finishing speaking, Su Yu thought for a while, and then asked: "Oh, by the way, according to the new share issuance system after the IPO restart, which are the first batch of new shares under the new regulations? You can pay attention to this. After all, under the circumstances of reducing the issuance scale, lowering the price-earnings ratio of the issuance, and fully distributing the dividends of the issuance of new shares to the secondary market, the first batch of new shares under the new regulations still have some hype value and investment opportunities.”

"Let me take a look at the current queue for new stock issuance." Li Meng responded briefly, then tapped the keyboard with her fingers, switched pages, searched in the search bar, looked at the newly popped up interface, and responded, "No Unexpectedly, the first batch of new shares under the new regulations should be "Longda Meat, Xuelang Environment, Feitian Chengxin, Lianming..." Several stocks, judging from the industry and fundamentals of the check, they are quite different. Ordinary, according to the current market average valuation, even if the price-earnings ratio is lowered, I am afraid that the hype is not high, right?"

"It's hard to say." Su Yu smiled and said, "Let's observe first."

"En!" Li Meng nodded, thought for a while, and then said, "According to the new regulations, our fund can subscribe for all the new shares at a fixed rate. Do we need to subscribe at a fixed rate?"

Su Yu responded with a smile: "Of course, even if it is a fixed-frame subscription, you won't get many chips for new shares, but toothpick meat is also meat, and it's better than nothing."

According to the issuance scale of several stocks, all fixed-frame subscriptions will be made.

Based on the minimum double increase in the final stock listing, it should be able to make a profit of tens of millions.

Although this excess profit is almost negligible compared to the current capital scale of the two main funds, it is still necessary to pick up almost free money. "

"That's fine." Li Meng replied, "After work next Monday, I will tell everyone to prepare."

Su Yu nodded, thinking about changing the subject, Li Meng paused, and then said: "I just looked at the 'Yuhang No. 3' fund issuance plan we reported, and it has been approved by the Fund Industry Association and the China Securities Regulatory Commission. With the review by the fund management and supervision department, the next step can be started.”

"Okay!" Su Yu said, "Then set an open subscription time, what time do you think is suitable?"

Li Meng said with a smile: "Any time is fine. According to the enthusiasm of investors in the market for the two main funds of our company, no matter which time period is open for subscription, I believe it will achieve a hot effect."

"Then let's start on May 5th." Su Yu said, "From May 20th to May 5th, one week is the opening time for subscription, and then... other rules don't need to be changed, and at the same time... this It will be carried out in the form of simultaneous online and offline subscription.”

"Online and offline simultaneous subscription?" Li Meng asked.

Su Yu nodded and said: "Yes, didn't we sign a cooperation agreement with Dongfang Fortune website? We can borrow their platform to expand the scope of investors to a wider range, which will help our company expand nationwide. The influence has increased, and secondly, there are more investor groups applying for purchases. For this matter, let Yu Xiaobing connect with the Oriental Fortune website, so you don’t have to worry too much.”

"Okay, no problem." Li Meng replied.

The two talked for a while, and when the time reached 10 o'clock in the evening, they went back to their rooms to sleep.

Afterwards, the U.S. stock market opened, and the external market continued its adjustment trend under the circumstances that the domestic market was full of bearish sentiment. In the end, several major U.S. stock indexes closed down by more than 1% again, which continued to worsen the investment sentiment in the domestic market.

As a result, in the two days of the weekend, the bearish sentiment in the entire market became more and more intense.

Some people predict that the Shanghai stock index will continue to fall back to 2000 points in the context of the restart of the IPO; , There are not a few investor groups with a loss of more than 20%; some people once again pushed up Su Yu's "long-term bullish market" opinion post on an online forum, and replied to question...

It can be said that for a while, whether it is online or offline, as long as it is a discussion gathering place for stock investment.

It was all a pessimistic voice, a pessimistic feeling of complaints and sighs.

However, at this moment when countless investment groups in the market, especially retail investors, are collectively bearish on the market and are extremely pessimistic about the market outlook.

The news about the private fundraising of the third fund product of 'Yuhang Investment Company' spread like wildfire, and quickly spread in the domestic asset management industry and the internal group of large investors, as well as a large number of high-level investors who are concerned about investment. Among the net worth wealth crowd, there was an uproar.

"'Yuhang Investment' will issue the third private equity fund privately?"

Amidst the spread of various news channels, many investor groups who have been jealous for a long time of the legendary returns made by the main fund of 'Yuhang Investment' have raised questions one after another.

"There will be no fakes. I checked the filing records of the Fund Industry Association. The 'Yuhang No. 3' fund has been successfully filed, and the planned issuance size is 100 billion!"

"Fuck, when can I apply for purchase?"

"do not know?"

"I heard that you can apply online this time. Is it true or not? The last time I snapped up offline, I went a step too late and didn't get anything. This time... I have to grab a share of the fund no matter what!"

"Whether it's true or not, I'll buy a ticket to Yuhang first, and go to the company to block the door. It's always right."

"Don't be so nervous, right? At this time, the market has just passed its peak, and the bearish sentiment is rampant, and the issuance scale is 100 billion, so it shouldn't be that difficult to grab."

"Did you underestimate the 'Yuhang Department' fund? Based on Mr. Su's investment ability and the performance of the first two main funds, this new fund will be snapped up as soon as it is issued. It does look like a lot, but when the last round of 'Yuhang No. 100' fund was released, it had a capital scale of 2 billion, and it was still a non-public offline subscription model. How did you see the result? It took half a day, In just half a day...the shares were all robbed."

"If you think you don't need it, don't grab it when the time comes. Leave me more meat, what the hell... If there is no subscription limit, I can buy as much as I can."

"It seems to be the same as the previous fund, with a fixed subscription amount limit of 1000 million."

"Then it seems that I have to prepare a few more ID cards, including my wife's and parents', what the hell... It's hard to do business recently, but it's easier to make money lying down with the fund shares of the 'Yuhang Department' .”

"Haha, it's true... I've been involved since Mr. Su issued the first fund, and now it's roughly estimated that the return on investment is more than ten times, which is indeed much better than doing business, and...now the 'Yuhang Department' 'The shares of the fund still have a high premium outside the market. Even if you are short of money, during the closed period of the fund, it is easy to sell through the private transfer of ownership of the shares outside the market. There is simply no better investment than this. "

"The performance of the two funds of the 'Yuhang Department' is obvious to all. Who is not jealous?"

"Look, this new fund will definitely be snapped up when it's released. Hey...Let's not talk about it. I've just booked a ticket. I have to go to the entrance of Yuhang Investment Company to block the door."

"If online and offline subscriptions are made at the same time, then the 100 billion shares will not be available in seconds?"

"It is estimated that there will be a specific allocation of online and offline quotas? In any case, it is better to go offline and guard in advance than to rush online."

When the news about the new fund product of Yuhang Investment Company passed the filing, the news about its upcoming release spread rapidly, and the discussions among various investor groups became more and more intense... the old investor groups of the previous two main funds, especially Su Yu The internal customer group where they belonged also exploded in an instant.

Countless people are crazy in the group @苏禹, and his mobile phone was directly blown up.

(End of this chapter)