The investment era of rebirth

Chapter 485 The scale of hundreds of billions, can you handle it?
"As long as Mr. Qian doesn't dislike it, then I will be your student." Su Yu said with a smile, "I just don't know what the so-called Mr. Qian came to Yuhang this time to meet me here?"

He didn't know why the other party wanted to meet him.

But since Qian Zhongmou came in person, and Zhou Boyang also went to his company to block the door, it showed that the other party's intentions were not simple.

Qian Zhongmou smiled and said: "I heard Director Xing mentioning you by chance before, saying that you are a rare market trading genius among the rising stars in the domestic financial circle. It just so happened that you came to Yuhang for a meeting this time. Curiosity was the cause, so I wanted to meet you. After all these years, it's rare for me to hear Director Xing praise someone so much."

"Director Xing?" Su Yu was a little puzzled, pondered and recalled for a while, and then asked tentatively, "Is Mr. Qian talking about... Director Xing of the Fund Management Department of the China Securities Regulatory Commission?"

"Yes!" Qian Zhongmou nodded slightly, "At one point I thought the two of you were related."

Hearing this, Su Yu was taken aback, coughed hastily, and replied, "That's impossible, I have nothing to do with Director Xing at all, and I'm not even familiar with Mr. Qian yet. After all, you and I have met Mr. Qian, but with Director Xing, at most we just heard about each other."

"Don't be nervous, I was just joking." Qian Zhongmou smiled and said, "I still understand Lao Xing's temper. If you are really his relative, he will definitely leave you behind on formal occasions." It’s completely clean, and I will never say anything good for you.”

"Mr. Qian really just came to Yuhang for a meeting?" Su Yu stared into Qian Zhongmou's eyes, obviously not believing it.

Although after a year of hard work, he now has a little fame in the domestic financial circles and a little business foundation of his own, but this is in the hands of real domestic asset management giants like Huatou Group and Huijin. In the eyes of the organization, he is still just a small person.

And compared to a small person like him.

Qian Zhongmou, who is in charge of the entire "Huijin Company" asset management system and has the authority to invest thousands to trillions of dollars, is a real giant in the domestic financial industry, a real big shot.

During the itinerary, the big man directly asked the secretary to block the door and invited him to meet here.

The reason is that he is curious about a character like him, and simply wants to know more about it. How do you think about it...the logic doesn't make sense at all.

"Uh, Mr. Su..." Seeing the doubt in Su Yu's eyes, Zhou Boyang, the secretary who sat aside and hadn't spoken a word, could not help coughing lightly, then continued the conversation, explaining, "Actually, Mr. Qian came here and Not only do I want to meet you, but I also want to hear your views on the subsequent development of the domestic financial market, as well as your views on the domestic investor ecological environment, investment style... and so on."

Hearing Zhou Boyang's explanation, Qian Zhongmou nodded with a smile, and continued: "Yes, Xiao Zhou is right. I mainly want to hear some of your views on the subsequent development of the domestic financial market. After I understand, you'll Yuhang Investment Company has developed very well in the past year, and the performance of several fund products you manage is also quite good, so I want to come... your trading and some understanding of the domestic financial market In fact, it should have quite a unique side, I want to hear your thoughts."

"The success of our 'Yuhang Investment Company' in the past year is not universal, but quite accidental." Su Yu didn't know the specific purpose, so he could only respond modestly with a smile, "Besides, I am young and have experience in market transactions. It’s still not enough, and in front of you, Mr. Qian, you dare not discuss the follow-up development of the market and ecological issues.”

"No problem!" Qian Zhongmou said with a smile, "Let's chat casually, how about an academic exchange during a meeting? It doesn't matter if we can't say it well. After all, what we said today is just chatting in private, and no one will care."

"Yes, yes!" Secretary Zhou Boyang also nodded hurriedly, "Let's just chat in private."

Su Yu looked at the two of them with a smile, and saw that they both had some expectations in their eyes, and there was no harm in thinking about it. At the same time, he also wanted to share some trading ideas and market opinions with a big man in the industry like Qian Zhongmou. After exchanging views with the senior, I couldn't help but nodded, and said, "Since Mr. Qian doesn't dislike it, then I will briefly talk about it according to my own ideas. I hope Mr. Qian can correct me if I am wrong."

"Good!" Qian Zhongmou nodded appreciatively.

Su Yu pondered for a while, and then said: "Mr. Qian just asked about the follow-up development of our country's domestic financial market. It should be about some obvious disadvantages of our country's financial market at the current stage? For example, the lack of trading system, the lack of investors Structural deformities, wrong market investment value guidance, etc..."

"Almost!" Qian Zhongmou said with a smile, "How do you understand it? How do you think these obvious disadvantages, or development problems, are formed and how to solve them, or...just follow As the current market situation continues, is there any possibility of changing and turning for the better in the future?"

Su Yu thought for a while, and said: "Compared with the development time of foreign countries, the development time of my country's financial market is actually not long. Not only is it not long, it can be said to be quite short."

"In my opinion, my country's financial market is still in the initial stage of development."

"The shortcomings of the lack of trading system, deformed investor structure, and wrong market investment values ​​​​that I just mentioned... are actually quite normal when the market is in the initial stage of development. Disadvantages have also appeared in the development stage of foreign markets.”

"As for these disadvantages in the future, whether they will change or get better, I think they will definitely change and get better!"

"Oh?" Qian Zhongmou asked with a smile in his eyes, "Why are you so sure?"

Su Yu smiled and said: "Because as time goes by, everyone's understanding of the financial trading market will become more and more in-depth, and foreign financial trading markets have gone for 200 years. Can learn enough experience from its long history of development, it is unreasonable that it will get worse and worse."

"Learning lessons from experience is indeed what our country is best at." Qian Zhongmou nodded slightly, agreeing with Su Yu's cognition.

"However..." Qian Zhongmou paused, and then said, "The future of the domestic financial market is undoubtedly bright, but as investors of asset management institutions, we cannot just focus on the too distant future and then formulate Investment plans still have to be analyzed from reality and the present, to predict, and to make trading strategies, so that cognition can be reflected in performance and profits.”

"It's like a stock..."

"You know that its stock price can rise from 10 yuan to 100 yuan in the future, but this process...you don't know how it will be. Not sure, it could be 10 year, 100 years, 1 years, 2 years, or even 5 years.”

"The funds we manage are inherently time-consuming."

"So, even if the result is confirmed and the time is uncertain, it is meaningless to our actual transaction."

"Moreover, it is more likely that this stock, in the process of rising from 10 yuan to 100 yuan, will first fall to the bottom of 1 yuan, and even fall to the bottom of 1 yuan several times."

"Qian always wants to say that we should not just talk blindly in the transaction, the most important thing is to seek truth from facts." Su Yu responded with a smile.

Qian Zhongmou looked at Su Yu appreciatively, and said with a smile, "You really know everything!"

The opinion that Su Yu said just now is true and undoubtedly correct, but it is only correct nonsense.

This is like the mindless remarks of chief investment advisors, market analysts, well-known fund managers, financial big Vs, and financial media stock commentators in the market at the moment.

No matter how the market changes, how it rises or falls in the short term, there will always be a rise in the future.

When it can rise, how far is it from the current timeline?How many shocks the market will go through and how long the bear market will last before rising, but no one can tell why.

The financial trading market is a place where even if you know the result, you may not be able to make money.

The so-called "correct nonsense" can't bring any real trading strategy, let alone support the actual transaction, and this is naturally not what Qian Zhongmou wants to hear from Su Yu this time.

"Then let me talk about it from the perspective of seeking truth from facts." Seeing Qian Zhongmou's eyes changing, Su Yu continued, "I think the current trading market should have reached a turning point."

"First of all, the overall market valuation is already at the lowest point in the history of A-shares."

"Based on the average valuation of the market, there is no way to fall."

"Secondly, the global economy is clearly coming out of the shadow of the 08 financial crisis. According to a series of data such as the purchasing managers' index, unemployment rate, and macro currency adjustment direction in many countries in recent quarters, it can be shown that the global economy is recovering strongly. And the domestic economy has also begun to burst into greater vitality under a reasonable economic structural adjustment."

"A macroeconomic improvement is the biggest cornerstone to support the market, because the essence of stocks is still corporate equity, and the value of corporate equity is fundamentally reflected in the profitability of the company, which is reflected in the profit per share."

"Moreover, the recovery of the macro economy and the enhancement of corporate profits will promote the flow of hot money in the market, and will also prompt regulators and the central bank to change monetary policies."

"Finally, due to the ecological problems of domestic investors, the market pendulum effect will continue to be amplified by sentiment."

"The bottom of the market valuation is better than the global average; the huge economic vitality far exceeds the average level of global economic growth; the change of incremental funds under the surge of hot money; the rise of future expectations under the recovery of investment sentiment...all of these market developments Substantial signs, all show that this is a more obvious turning point in the market.”

Hearing Su Yu's understanding, Qian Zhongmou's eyes lit up, and he said with admiration, "This is the reason why you are in this position and betting 300 billion?"

Su Yu knew that since the other party invited him here, the other party should have a good understanding of himself and the situation of the company's main funds, so he couldn't help but smiled and said: "Almost, actually... For more certain funds It cannot be said to be a gamble."

"In the financial trading market, nothing is guaranteed to happen!" Qian Zhongmou said with a smile.

Su Yu nodded and said: "Indeed, but what everyone is facing is an unknown future. Whether it is right or wrong can only be discovered after the market comes out on its own."

"Are you very confident about this?" Qian Zhongmou asked again the same words as before.

Su Yu didn't answer directly this time, but looked at Qian Zhongmou with a smile, and asked, "Don't Mr. Qian think so?"

Qian Zhongmou pondered for a moment, and said: "Your analysis is reasonable and well-founded, but to say that the global economy has completely shaken off the shadow of the 08 financial crisis, there are some problems at present. The series of economic stimulus measures eased the aftermath of the 08 financial crisis and gave the global economy a short respite and room for recovery.”

"But it doesn't have a big impact on the current global valuation depression of A-shares and the depression in investors' expectations, does it?" Su Yu responded, "The pendulum of the market is already swinging back, even if the global The economy’s brief respite and room for recovery, this weak spring breeze, is enough to blow away the A-share market that is already in the ice-melting stage.”

"The A-share market in the ice-melting stage." Hearing Su Yu's description of the current A-share market, Qian Zhongmou thought it was very appropriate. He smiled and said, "The winter is over, and the spring breeze is coming, haha... ..."

Seeing Qian Zhongmou's smiling face, Su Yu knew that he approved of his analysis, so he couldn't help changing the topic, and continued: "Mr. Qian, I have said so much, and it should be enough to express my point of view and attitude. Is that so... How about we just open the skylight and tell the truth? I really don’t believe that you came to Yuhang and worked so hard to get Secretary Zhou to invite me here just to listen to my nonsense?”

"How can it be called nonsense?" Qian Zhongmou said, "I think it is a sharp analysis and understanding of the market!"

Su Yu's expression remained unchanged, and he smiled and said, "With you, isn't that just nonsense?"

"Haha..." Qian Zhongmou laughed out loud. He enjoyed the high hat Su Yu was wearing very much. After being silent for a while, he still stared at Su Yu's face and expressed his real intention: "Xiao Su, Does your company have agency fund management business? If you are asked to manage a 'long-term mixed investment fund', can you still achieve the same performance as the main funds of your company's 'Yuhang series'? "

"Agent fund business? Long-term mixed investment fund?" Su Yu was a little surprised when he heard Qian Zhongmou's question that he had considered for a long time. After thinking a lot, he hurriedly responded, "The business authority of agency fund management is currently our company's What can be done is the "long-term mixed investment fund" that Mr. Qian said... How long is the term? Also, how big is the scale? After all, asset management business, different levels of capital scale, performance requirements are completely different, this point , Mr. Qian should also be clear about it."

"Hundred billion scale, can you handle it?" Qian Zhongmou slowly spit out a number.

Su Yu's heart skipped a beat when he heard the 'agency fund management business' of this scale. He was a little dazed and forgot to answer for a while.

(End of this chapter)