The investment era of rebirth

Chapter 598 The bull market came earlier than expected ([-])!

And at the time when the main fund products of the "Anzhao Series" closed the fund share purchase channel and closed the whole line.

Other private equity institutions, public equity institutions and other groups in the domestic asset management industry are advertising fund products on a large scale, investing heavily, and have begun to further exaggerate the money-making effect of the market, thereby attracting off-market investors. As well as potential Christian groups, apply for fund purchases, or enter the market for transactions.

At the same time, when the institutional groups are promoting and further inducing market conditions.

Analysts from brokerage firms, financial big Vs, and well-known stock commentators in the market have also begun to take a further look at the market and continue to stimulate the market to do more.

On the other hand, the regulators are more or less cooperating with the market in terms of news.

And under the combined effect of changes in these market factors...

After breaking through 2500 points, the Shanghai Stock Exchange Index broke out of the Liulianyang situation in one fell swoop, and directly refreshed the rebound high point and the annual high point to above 2650 points, and then began to take a slight rest, oscillating sideways to digest profit taking and this stage Liberation of locked-in chips.

And in the index out of Liulianyang.

The turnover of the two cities also generally remained at around 2800 billion to 3000 billion, maintaining an active trend.

And at this stage, the financing balance of the two cities has also increased for six consecutive times, approaching the 7500 billion mark, and has also reached the active line.

"Shanghai index has six consecutive suns!"

Seeing that the Shanghai Stock Exchange once again set a rebound high and a new annual high during the session, on August 8th, at around 15:2 p.m., in Yuhang, inside the company of 'Minghui Capital', in the main fund trading room, He Hong stared at the market, feeling quite emotional : "It's been a long time since I saw the index break through with such momentum, and now... the index has come to this situation, 2000 to 2500 points, the big box that has restricted the market for two or three years, is it considered a complete breakthrough?"

"Hmm!" Xu Zhongji, who was standing beside He Hong, pondered for a moment, and responded with a smile, "It should be regarded as a complete breakthrough, but after the six consecutive rises of the index, in a short period of time, I'm afraid it will be another one. It's time to rest."

He Hong nodded and said: "I agree, but according to the current market volume, the average performance, even if the index is resting here, I am afraid that the adjustment will not be deep, and it will not step back to the 2500 point position again? And... In the market, the two main industry lines of 'infrastructure' and 'military industry', as well as the main line of concepts of 'reform and reorganization of state-owned enterprises and state-owned enterprises', 'Eurasian Economic Belt', 'New Era Road, Sea Road', are closely related The trend of the industry sector and the concept sector is really strong, and there is no callback at all."

"The market's expectations and funds are basically concentrated in these major directions." Xu Zhongji said, "In addition, the weight of the positions of several major funds of the 'Yuhang Department' is also in this direction. Expectations, sentiments, news, With the support of various factors such as macro policies, can the trend not be strong?

but……

I feel that the main lines of the two major industries of 'infrastructure' and 'military industry', as well as the main lines of the concept of 'the reform and reorganization of central enterprises and state-owned enterprises', 'Asia-Europe Economic Belt', 'new era road, sea road', although the current trend is still very strong , and under the influence of a steady stream of incremental funds, it is still continuing to siphon market funds, hitting new highs one after another.

However, the space for "poor expectations" is obviously getting smaller and smaller.

At the same time, the profit-making chips accumulated inside it are getting heavier and heavier.

For aggressive investors who continue to chase positions at high positions at this stage, the price/performance ratio is no longer high.

Of course, thanks to the continuous increase in market capital that exceeded expectations, as well as the continued optimism of the 'Yuhang Department', as well as funds from other mainline fields in the market, the continued profit-making effect in these major mainline fields has exceeded expectations. Next, continue to focus on the results of these major main lines.

For the time being, there is no risk in these core market investment lines.

However, it is impossible for a tree to grow to the sky.

When the market of these major main lines goes up and more and more funds are needed to undertake, which exceeds the capacity of the market to undertake incremental funds, then the turning point of the market will probably come.

I am now worried that the Shanghai Stock Exchange Index will be highly bound by these main lines.

Once these major lines exhaust the hype and fall into adjustment, then... the overall market trend will be greatly affected. "

He Hong heard Xu Zhongji's analysis, thought for a while, and said: "Mr. Xu, I think the market can perform well after continuously introducing incremental funds from outside the market and maintaining the amount of 2800 billion or more. , With so many active funds in the market, the market will not be so fragile.

Moreover, I don't know if Mr. Xu has found out.

Nowadays, the two major industry themes of 'infrastructure' and 'military industry', as well as the main themes of 'state-owned enterprise reform and reorganization', 'Eurasian Economic Belt', 'New Era Road, Sea Road' are still the strongest in the market However, many active funds are already relying on the core logic of these main lines to explore other main lines of investment that can carry market conditions and form switching investment lines with these main lines.

For example, 'Big Finance' and 'Big Consumption' have been quite strong recently.

Especially in the field of "big finance", whether it is banking, securities, insurance in the traditional financial field, or the "Internet Finance" sector in which the "Yuhang" fund has a position, the current trend is obviously stronger than the market, and There is a trend of getting out of the bottom of the adjustment.

If the market can form new consensus expectations in the field of 'big finance'.

Then, the line of "big finance" can form a main line rotation with the main lines of the two major industries of "infrastructure" and "military industry", and continue to support the upward trend of the market.

and……

In the current market, with the continuous rebound of the index and the further deepening of the relevant main line market.

In fact, everyone's expectations on the overall market trend are getting stronger and stronger. Mr. Xu can't see the whole market, and the voice of "bull market" is getting stronger and stronger?
And as long as the voices and expectations of a 'bull market' are intensifying.

Then, the expectation of the line of 'big finance' will continue to rise, and naturally more funds will be attracted to converge on this main line.

At the same time, due to the entire "big finance" field, except for the "Internet Finance" sector, in the market trend of the past two years, the valuation has been compressed to the limit, which caused the valuation of this field to be significantly lower than the market average level Yes, this shows that in this field, when the market's "bull market" expectations are getting stronger and stronger, there is a valuation bottom and unlimited expectations and imagination.

And the whole 'Big Finance' thread.

It can also be combined with the main concepts and themes of "Asia-Europe Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Reorganization of Central Enterprises and State-owned Enterprises". After all, 90% of the stocks in the field of "big finance" can be They are all state-owned holdings, and they also have restructuring expectations.

As long as the two can be combined, and the market's overall 'bull market' expectations are strengthening.

Then I think there is absolutely no need to be pessimistic about the development of the follow-up market. "

After listening to He Hong's analysis of the market, Xu Zhongji thought about it for a while, but he agreed with it in his heart, and said with a smile: "I heard you say that, but there is some truth to it."

"Even, I was thinking..." He Hong paused for a while, and then said, "Didn't you hear that 'Yuhang Investment' plans to issue a new main fund product? Now they are investing in 'Infrastructure' and 'Military Industry'. The two main lines of industry, as well as the concept of the main lines of "reform and reorganization of state-owned enterprises and state-owned enterprises", "Asia-Europe economic belt", "new era road, sea road" are already very heavy.

If they discover new fund products again, they should no longer be heavily involved in the two major industry lines of 'infrastructure' and 'military industry', as well as 'the reform and reorganization of central enterprises and state-owned enterprises', 'Asia-Europe Economic Belt', 'new era road, sea road' These major themes and concepts are the main line areas, right?
Even we can see that these major lines are currently a feast for shareholders, rather than a good time to continue chasing and building positions. I believe that Mr. Su of the 'Yuhang Department' must also be able to see it .

In this way, the main line of investment in the new funds they issue must be in other directions.

In the entire market, the main line that can carry tens of billions of huge funds and has certain future expectations should be the main line of 'big finance', right? "

"Eh, you say that...it's quite possible!" Xu Zhongji was surprised, "Then it seems that the line of 'big finance' is indeed worth noting."

He Hong nodded, and said again: "Mr. Xu, since the stock index broke through 2500 points, in the past few trading days, the industry's newly declared fund list to the regulatory authorities has skyrocketed. I feel that the entire market The investment wind direction of China has indeed completely changed.

Maybe, this round, the 'bull market' that many people in the market call, will really come.

At this time, is it also necessary for us to invest in publicity for our main fund products and seize the high-net-worth customer groups who are interested in investing outside the market?Also, is it necessary to quickly apply for new funds and quickly expand the asset management scale of our institution at this juncture?

The so-called food in hand, the heart will not panic.

At present, our organization's main positions are also in the two major industry lines of 'infrastructure' and 'military industry', as well as the concepts of 'reform and reorganization of state-owned enterprises and state-owned enterprises', 'Eurasian Economic Belt', 'new era road, sea road' In the field of the main line, and in the case that the market of these main lines has not been completed.

We are also unable to withdraw funds to make a layout for the current "big finance" with high profit-loss cost performance.

And, in case the bull market does come...

We don't have enough funds in our hands to compete for bargaining chips, and we can only be anxious as we watch the market continue to break through rapidly!

So, I think it doesn't matter whether this round of 'bull market' can come true.

At this time, it is still very necessary for us to prepare in advance, issue new fund products, and reserve a part of the funds in case of greater investment opportunities in the market. "

"If you have food in your hands, you won't panic in your heart. This makes sense!" Xu Zhongji nodded slightly, and replied, "For us asset management managers who rely on market transactions for food, funds are indeed what we need. For food, only by keeping funds in hand at all times can we make precise arrangements in a timely manner when opportunities come, so as not to be overwhelmed by the ocean.

OK, your proposal is very good.

After the market closes today, I will discuss with Mr. Liao, formulate a follow-up fund operation strategy, and prepare the 'food' in our hands. "

He hadn't thought about the main fund of the 'Yuhang Department' before.

At this time, the acquisition of the wholly-owned 'Anzhao Fund' company, as well as the specific motivation and purpose of the new fund to be issued.

Now, after being reminded by He Hong, he thought carefully, and suddenly realized that the institution 'Yuhang Investment', especially the president of the 'Yuhang Department', although he had not publicly said a word to the market, had a series of This move is enough to show that the other party is firmly optimistic about the market outlook, and also believes that the market's "bull market" expectations are getting stronger and stronger, and it is very likely to form a "big bull market" trend.

At the same time, with a high probability, the other party is also optimistic about the main investment line of 'big finance'.

That being so...

Then he has to speed up his pace, prepare funds, get ahead of the opponent, and make a large-scale layout.

In other words, once again in collaboration with President Su of the "Yuhang Department", following the two major industry lines of "Infrastructure" and "Military Industry", as well as "Reform and Reorganization of Central Enterprises and State-Owned Enterprises", "Asia-Europe Economic Belt", "New Era Road, After the main concepts of the main themes of "Road to the Sea", the core theme of "big finance" will be created, so as to drive the market into a comprehensive bull market, and at the same time further capture excess market profits.

"Okay!" He Hong nodded in response.

Seeing that Xu Zhongji fully accepted his suggestion, he was very happy inside.

And as the two discussed the market and the company's development...

Market trading time, this time has been fixed at 3 o'clock in the afternoon.

I saw that the Shanghai stock index closed up again, fixed at 2558.49 points, up 0.65%. The main line, as well as the main lines of the concepts of "reform and reorganization of central enterprises and state-owned enterprises", "Asia-Europe economic belt", "new era road, sea road" are still the most solid core main lines in the market, gathering a large number of active capital groups in the market .

After the market closes, the index is facing a situation of six consecutive positives.

Inside and outside the market, the majority of investor groups are full of excitement and excitement.

And also after the market closed on this day, the approval document submitted by the 'Yuhang Investment' company to the regulatory authorities for the establishment of the 'Yuhang No. 4' fund product has been quickly approved by the regulatory authorities, and the approved 'Yuhang 4 No.' fund product has also become the industry's first ultra-large private equity fund product that plans to raise 300 billion yuan privately.

Heard the news that the 'Yuhang No. 4' fund was approved.

The entire domestic financial circle, and even other high-net-worth individuals from all walks of life, as long as those who are interested in investment, have started to collect cash at this moment, and through their personal connections, they have contacted the staff of the fund operation department within 'Yuhang Investment' as soon as possible. , would like to pre-book the shares of the 'Yuhang No. 4' fund.

(End of this chapter)