The investment era of rebirth

Seeing the opening of the two cities, countless investor groups inside and outside the market were excited.

Among them, many investor groups are already in the call auction stage, desperately continuing to pursue popular concept stocks in the two core hot sectors of securities and Internet finance.

And a few minutes later, when the market ushered in the official continuous auction transaction.

I saw that the 'Securities' and 'Internet Finance' sectors, which had opened higher and led the rise, continued to be pushed up rapidly by the fund groups flocking to undertake them. The main line of 'Big Finance' continued to siphon the incremental funds and active fund groups in the market, becoming a market symbol The core main line field with the highest degree of

At 9:37, after a huge change of hands at the beginning of the session, 'Western Securities' continued to seal the daily limit upwards.

Realized the first five-linked board stock since the "securities" sector counterattacked, and became the most popular stock with the highest attention in the two cities.

At 9:42, after a huge change of hands, 'Straight Flush' also continued to block the daily limit, achieving four consecutive daily limit, and at the same time the market value reached 150 billion.

At 9:47, the securities sector index rose again by more than 2%, but at the same time, compared with the volume performance of last Friday, it shrank significantly, showing a trend of shrinking and oscillating upwards.

At 9:50, the main sectors of 'infrastructure' and 'military industry', which have been weaker than the broader market for several days, started to rebound. Related core stocks and conceptual stocks all showed obvious signs of bottom-hunting funds.

At 9:55, the Shanghai stock index hit resistance at about 1.5%, that is, around 3100 points, and fell into a shrinking and sideways situation.

At 10:15, in the midst of the Shanghai stock index shrinking and fluctuating at a high level in the intraday session, the Shenzhen Stock Exchange Index and the ChiNext Index rebounded strongly. The main line concept stocks of "Technology Growth" in the two major index components, such as "Infrastructure" and "Infrastructure" Like the main line concept stocks in the early stage of "Military Industry", there are obvious traces of main capital care, and the core weight stocks such as "LeTV, Netspeed Technology" and the main line concept core stocks of "Technology Growth" have also appeared. A more obvious upward trend has been achieved, and the trend of last Friday has been reversed.

At 10:25, the overall market structure has formed a trend of shrinking, fluctuating and rising with the main line of "big finance" as the core, and individual stocks in the two popular sectors of "securities" and "internet finance" will no longer be aggressive at this time , the active fund groups in the market that had been strongly siphoned by the main line of "big finance" have been dispersed to other main line areas for trading.

At 10:30, the Shanghai stock index continued to fluctuate around the 3100 point, and the internal market was surging, one after another, and the hot spots were rotating and becoming frequent.

At 10:35, the check for 'Blue Stone Reload', which once pulled 5 points in the red, turned around and fell back at this time, returning to near the flat price, and at the same time drove the 'Second New Stock' sector, 'Sports' The industry development sector is also out of the obvious trend of rising and falling.

Seeing the stable trend of the market opening for an hour.

The majority of investor groups in the market are still aggressive no matter in terms of operation or emotional reaction.

Moreover, the crowd of incremental funds flocking to the venue not only has not weakened, but has continued to increase during this stage.

On the major stock discussion platforms and stock trading discussion platforms on the entire network, it can be clearly felt that some almost new investor groups have begun to emerge.

And off-site, about the brokerage business department.

The number of investors queuing up to open the two financial services, queuing up to open the GEM authority and other businesses is still growing. Those who quarreled and then fought about the problem also rushed to the trending searches at this time.

Regarding the new institutional level, it has been since the Shanghai Stock Exchange Index broke through the 3000-point limit.

The number of companies whose registered business scope is investment consulting and financial consulting has also increased rapidly. Countless OTC funding companies, under various names, have sprung up like mushrooms after rain.

At the same time, some capitals are active among the people.

For example, the large-scale private capital accumulated through the Internet financial platform, at this time, also began to target the A-share financial market, and entered the market through various channels and under various names.

Of course, in the change of market expectations that the central bank intends to loosen monetary policy and cut interest rates and reserve requirements.

Financial institutions have also begun to release water to the market, and various loan approvals have become looser, which has naturally led to many investor groups entering the market for investment with leveraged funds from consumer loans.

There are also some active capital groups outside the market who originally focused on the property market.

At this time, seeing that the stock market became more active than the real estate market, and at the same time, the effect of making money continued to become popular, they could not help but shift their attention and invest funds in the A-share market.

There are also new fund products and a rapidly expanding group of Christians.

It is also fueling the arrogance of funds entering the A-share market rapidly.

And according to market reports, the scale of new public offering funds in the past two weeks has reached more than 5000 billion. Numerous public offering fund institutions and private equity fund institutions are taking advantage of the hot market sentiment and investment confidence to expand their portfolios. The scale of asset management, with sufficient advertising and publicity effects, has attracted countless new off-market investors to enter the market, and has introduced more and more off-market funds into the financial market.

There are also groups of funds that originally invested in the bond market.

At this time, I saw the extreme profit-making effect of the stock market explosion.

At the moment when the "bull market expectation" has swept the market inside and outside like a hurricane, and began to penetrate the hearts of investors both inside and outside the market, they have also changed their investment targets from the bond market to the stock market.

Under the influence of so many financial factors inside and outside the venue...

The buying power of the A-share market shows no signs of weakening as the index fluctuates and rises step by step, but is getting stronger and stronger.

"The in-depth fermentation speed of 'bull market expectations' is really fast!"

Seeing that the market showed no sign of retracement and adjustment at all, and as long as the index adjusted downwards slightly, the buying orders on the market would emerge in an endless stream. At around 10:40, in Shanghai Zexi Investment Company, the trading room of the main fund, Xu Xiang Keeping his eyes on the changes in the two markets, he couldn't help feeling: "In the era of mobile Internet, the speed of information fermentation is really too fast, and the ecological transformation of the market is also much faster than before. It seems... the entire market The short-squeeze market trend will continue for a while.”

"Indeed!" Zhou Kan replied, "In just four trading days, the voice of 'bull market' has already resounded inside and outside the entire market. I feel that the advent of the mobile Internet era has significantly increased the speed of information dissemination. , everyone’s expectations have changed much faster than before.”

"This will fuel the pendulum effect in the market!" Xu Xiang said, "It is both a good thing and a bad thing."

Zhou Kan chuckled and said: "Anyway, through the fermentation of this expectation, first bringing in various financial groups outside the market, for the market, for us, it is still a good thing. As for other things, You can definitely look at it later."

"However, boss..."

Having said this, Zhou Kan paused, and then said: "The main fund of the 'Yuhang Department' has increased its positions in the securities and Internet finance sectors on a large scale in the past four consecutive trading days. Is it a bit too deliberate? Already? The securities sector and the Internet finance sector, as the market's "bull market expectations" are getting stronger and stronger, they are the direction that the active fund groups in the market should bear the brunt of increasing their positions. Don't be so deliberate to guide!
I'm wondering if this capital was really in the direction of 'big finance' before.

There is really no hidden layout.

Therefore, it is only now that we continue to increase positions and grab funds, and want to make up the corresponding positions.

After all, the current asset management scale of this fund is already above the [-] billion level. The layout of the fund group at this level, especially the conversion of the main position and the conversion of the main line of investment, is not easy. They did not have time before. In fact, it is reasonable to increase the size of the "big finance" main line of bargaining chips.

Although everyone regards the main capital of the 'Yuhang Department' as a market trend indicator.

But in essence, no one can do it every time, every step just hits the main pulse of the market, so as to make a perfect trading strategy!
I was wondering, did we think too highly of the funds of the 'Yuhang Department'? "

"It's not wrong for you to think so." Xu Xiang pondered for a moment, then said, "Regardless of whether the capital of the 'Yuhang Department' has completed the layout of the core position in the direction of 'big finance', it cannot be changed." The direction of the core line of "big finance" is over.

Of course, if the current position of the 'Yuhang Department' in the direction of 'big finance' is not enough.

Then, the market of the line of 'big finance' may go a little more radically.

After all, when everyone realizes that there is no cost gap between themselves and the core capital of the 'Yuhang Department', the situation of competing with each other and scrambling for funds will become more intense.

In addition, the "bull market expectation" has just fermented, and the core stocks in the main line of "big finance" have generally only gone out of about 20% of the space after a few trading days. Compared with other main lines in the entire market , especially compared with the core main lines such as 'infrastructure' and 'military industry' that have led the market by a large margin, the current line of 'big finance', regardless of valuation or future expectations, still has great room for growth, and the market is active Funding groups, as well as large quantities of incremental capital groups following up off-site.

Undoubtedly, it will continue to gather in this direction on a large scale and increase positions.

In any case, the core line of "big finance" has completely replaced the previous popular lines such as "infrastructure" and "military industry", and has become the unshakable core line leading the rise in the current market changes.

What we can do at this time...

It is not afraid of any intraday adjustments in the market, patiently hold positions, and wait for the market to open up a high space step by step to further expand our position profits. "

"Yeah!" Zhou Kan nodded, "The two months at the end of the year are destined to be the two months when the main line of 'big finance' shines in the entire market."

With the emotion of the two, the market trading time continued to move forward to around 10:50.

I saw that the two cities were divided and fluctuated. At this time, the two core sectors of securities and Internet finance also showed a relatively obvious divergence in the trend of corresponding individual stocks, and formed a clear sense of hierarchy in market performance.

Such as the securities sector.

西部证券涨停，形成5连板走势；光达证券、东方证券、西南证券、太平洋证券盘中高位4%到5%震荡；华信证券、华商证券、华通证券、华泰证券盘中2%到3%震荡，方正证券、东北证券、国投资本……则明显弱于证券板块指数表现，均位于2%的涨幅以下。

Internet finance sector.

Flush, Great Wisdom, and Jinzheng shares have daily limit, and they have formed a 4-board trend, which is the first echelon of the sector leader; Hengsheng Electronics, Dongfang Fortune, Yinjie Technology, Changliang Technology, and Shanghai Steel Union rose by 4%. Between 7%, the trend of high volatility is obvious, and on the market, buying orders are strongly accepted, which is the second echelon of individual stocks in the sector; For non-core stocks, on the disk, the buying orders are weaker than the concept stocks in front.

Others, insurance, banking sectors, and a number of stocks in the main line of 'technological growth'.

The performance is basically similar to the core sectors of securities and Internet finance, the two most concerned core sectors of the market.

This shows that when the extreme hype sentiment gradually subsides and the investment sentiment in the market gradually stabilizes, then no matter whether it is the active capital group in the market or the incremental capital group newly entering the market, it is no longer a mindless pursuit of positions. , regardless of good or bad, bought all the component stocks in the relevant concept field, but selectively bought stocks with higher identification, higher expected logic and better fundamentals.

And when the layering of market conditions comes out.

Then, the general rise of individual stocks in the whole market, and the pattern of simultaneous rises, will be divided and collapsed.

The market will continue to fluctuate around high-quality stocks and leading stocks, and these high-quality stocks and leading stocks will also be more likely to attract major capital groups in the market to take over, thus breaking out of the market pattern of "the strong will always be strong".

In other words, after the market's main market trend becomes clear.

The market will automatically make a selection of strong and weak stocks, and will automatically select leading stocks, and funds will be more concentrated on leading stocks.

This is the so-called trend discovery and trend selection in market conditions changes.

Unknowingly...

In the strong shock of the market, 11:30 came.

The market ushered in the moment of closing at noon. I saw that the Shanghai Stock Exchange Index did not make a new breakthrough in the intraday session, and it was still oscillating around 3100 points. The Internet finance sector still maintains a trend of high volatility, and the constituent stocks within the sector have shown a clear trend pattern of differentiation, and no further general breakthrough trend has been formed.

In addition to the main line of 'big finance'.

Today's main line of "technological growth", as well as the popular main lines of "infrastructure" and "military industry" in the early stage, are stronger than last Friday's market trend, attracting a lot of "high-low switching" capital attention.

However, it was affected by the trend of the two stocks of 'Blue Stone Heavy Equipment' and 'Rayman Optoelectronics'.

The two major concept themes of 'sub-new shares' and 'sports industry development', which showed signs of anti-package in the early trading, also surged and fell one after another at this moment, without showing obvious profit-making effects.

During the lunch break, after the market closes.

The news is still calm on the surface, but the emotional reactions of the major stock discussion platforms on the entire network are still turbulent and the crowd is excited.

Even, quite a few large capital institutions.

Even if they saw the divergence of the market trend, they did not back down in any way. During the lunch break, they stepped up to mobilize funds, preparing to take advantage of the market differentiation and shock stage, to further grab high-quality stock chips with strong market performance, and further occupy the bull market in the development of the market. opportunity.

In the case that the overall sentiment of the market is still positive, and the overall funding is still strengthening.

The market opens in the afternoon.

The two cities continue to maintain high volatility, and in the form of volatility, whether it is the main line of 'big finance', or 'technological growth', 'infrastructure', 'military industry', 'big consumption', 'color cycle', 'petrochemical industry' And other main line fields, under the volatile trend, the stocks that performed strongly in the morning market are still getting stronger and stronger, and the buying orders on the market are also getting stronger. Compared with those stocks that can only follow the market and have no obvious independent trend, the signs of differentiation are getting stronger. more and more obvious.

Finally, when the market closed at 3 o'clock in the afternoon.

The Shanghai Designated Index is at 3104.29 points, up 1.53%, and the Shenzhen Index and ChiNext Index also both rose by about 1.5%, which is not much different from the Shanghai Index.

In addition to index performance.

The volume of the two markets was able to increase, with a total turnover of 5787.77 billion, which continued to shrink compared with last Friday.

However, even if the volume is relatively reduced, compared with the market half a month ago, or even a month ago, at this volume level, it must still be a large volume, and the market liquidity is very abundant.

As for the mainline performance of the two cities.

The securities and Internet finance sectors in the main line of "big finance" are still leading the way, with an increase of 2.73% and 2.98% respectively, leading the industry and concept sectors in the two cities. Others, "Technology Growth" related concept sectors , industry sectors, as well as 'infrastructure' and 'military industry' main line related industry sectors and concept sectors rose behind, outperforming the market's broader market index.

After the market closes.

Although everyone is not as excited about today's market trend as in the previous trading days.

However, after seeing that the Shanghai Stock Exchange Index has stepped out of the five-day positive trend and stood firm at 3100 points, and it has further set a new high for this round of rebound and a new high for the year in the intraday session, in everyone's heart, the prediction and expectation of the market outlook, Still equally very upbeat and positive.

Then, at 5:30 p.m., the rankings of dragons and tigers in the two cities were refreshed.

I saw that on the only buying seat of a brokerage company listed on the Dragon and Tiger List, that is, the buying seat of 'Western Securities', the symbolic trading seat of the main fund of the 'Yuhang Department', that is, 'Huaxin Securities' Yuhang Fortune Road' seats are still buying chips continuously.

"Fuck, Mr. Su has bought securities stocks for 5 consecutive days. This has never happened before, right?"

Seeing the seat of 'Fortune Road', they are still buying stocks of brokerage companies, and it is still the same large-scale net buying as before, and there is no sale of a single share. Many investor groups inside and outside the market are shocked again, and even many People have been stunned by the extreme buying behavior of the 'Yuhang Department'.

"Mr. Su is so optimistic about the market of the 'Securities' sector!"

"This pattern, 5 consecutive boards, is still buying on a large scale. Let's just say that this pattern... the entire market, which other main funds can compare?"

"This only proves that Mr. Su has a great vision, and he is not just looking at the market in front of him."

"Mr. Su has increased his positions in the securities sector on a large scale for 5 consecutive days, which is enough to show that Mr. Su's view of the market bull market is quite firm."

"There is no doubt that Su always agrees that the market has entered the bull market stage."

"Originally, I thought that 'Western Securities' reached the 5th consecutive board mark, which has already exceeded market expectations, and it is almost the same. Looking at the situation, there is a high probability that the check for 'Western Securities' will rise tomorrow!"

"Boss Su is really awesome, I picked up several hot money chips that went out today."

"The operation of 'Wealth Road' is the real big money in the market. Compared with other main funds, compared with 'Wealth Road', it is really weak."

"Bull market, bull market... remember, this is already a bull market!"

"Raise funds tonight, and tomorrow I will continue to buy stocks in the securities sector, and then buy the 'Western Securities' check."

"The check for 'Straight Flush' did not show Mr. Su's seat on Fortune Road today. I wonder what Mr. Su thinks about this check?"

"The 'Straight Flush' check should still go up, right?"

"The two checks of 'Flush' and 'Western Securities' are the duo of the main line of 'Big Finance'. There is no doubt that these are the core leading stocks that have come out of the main line of 'Big Finance'."

"Remember, this is already a bull market! The position of brokerage stocks is actually quite low. At this time... you can continue to buy without thinking."

"Agreed, the bull market does not buy securities, there is something wrong with the brain!"

"It's still the same sentence, at least double it before considering reducing the position. The current leading stock 'Western Securities' has not doubled. Why panic? The market in the securities sector is definitely not over."

"However, compared with the securities sector, the overall valuation of the 'Internet Finance' sector is actually a bit high!"

"Well, the 'Internet Finance' sector is mainly due to Mr. Su holding chips in related stocks in the early stage. As a result, this sector has not been fully adjusted by the market, and the valuation has always been quite high. However, the market value of individual stocks in this sector Not too big, driven by strong expectations in the future, the elasticity is still very high.”

"The bull market focuses on momentum rather than quality. As long as the future is expected to be highly elastic, one word, it's over!"

Among many investor groups, there were heated discussions on the two cities' dragon and tiger lists. For the main fund of "Yuhang Department", they increased their positions in the mainline stocks of "big finance" on a large scale for 5 consecutive trading days, and continued to buy securities companies and Internet financial concept stocks. When motivation is discussed.

At this moment, Yuhang, Yuhang Investment Company, the trading room of the main fund.

Li Meng, the general manager of the company's asset management business, the vice president of the company and the nominal fund manager of the four major funds, reported to Su Yu after sorting out the holding data of each major fund in the background: "We are in the securities and Internet finance sectors. , and several of the constituent stocks held are almost reaching the sign line."

"Which stocks are about to reach the sign line?" Su Yu asked.

Li Meng responded: "We will not mention the check from Dongfang Fortune. We participated in the fixed increase of this stock. The position is originally limited, and the position of this check was originally above the sign line. Recently, like 'Heng Sheng' Electronics, Flush, Jinzheng, Yinjie Technology, and Great Wisdom, the core concept stocks of the Internet financial sector, have also reached more than 4.9% of the overall shareholding, and are on the verge of raising cards.

In the direction of the securities sector...

The holdings of Huaxin Securities, Huatong Securities, Huatai Securities, Huashang Securities, Guangda Securities, and Industrial Securities also account for about 3.5% of the company's overall shares.

For the three stocks of 'Western Securities, Orient Securities, and Pacific Securities', our shareholding ratio has reached about 4% of the overall shareholding, and there is not much room to buy any more.

On the contrary, Industrial Bank, Civil Commercial Bank, Huaxin Insurance, Ping An Insurance, Ping An Bank... These heavyweight stocks in the insurance and banking fields, we can continue to buy on a large scale, and the overall position is far away from the placard line, and according to our Even if the positions are fully filled, it is impossible to touch the placard line of these hundreds of billions of market capitalization stocks, which is nothing to pay attention to. "

"What is the total holdings of the main funds under our company at present?" Su Yu asked.

Li Meng responded: "The current total holdings are around 900 billion, of which the main line of 'big finance' has already taken up 700 billion. Currently, several main funds have a total remaining cash flow of nearly 350 billion. The total fund position line has reached 75% of the water level."

"Is the asset management scale of our fund already around 1250 billion?" Su Yu was also surprised when he heard the data compiled by Li Meng.

In the past few days, the fund's asset management scale has increased, and the actual net worth has increased.

Some clearly exceeded his expectations.

"Yeah!" Li Meng nodded and said, "Including the current asset management scale of several major funds of 'Anzhao Fund', the asset management scale of the funds managed by our institution has almost reached 1400 billion."

"It's no wonder that many stocks have bought the position of the sign line so quickly." Su Yu smiled and said with emotion, "Since the direction of'big finance' is about to reach the position limit, we can only disperse the main line invested."

"Well, that's what I think too." Li Meng said, "However, if you use the remaining working capital to choose other main lines as much as possible, which main line should you choose?"

Su Yu thought for a while and asked, "We should still have a lot of bottom positions on the main lines of 'infrastructure' and 'military industry', right?"

Li Meng nodded and said, "There is still a bottom position close to 100 billion."

"Then in the market outlook, when the main lines of 'infrastructure' and 'military industry' show an obvious continuous sharp decline, let's go back." Su Yu said, "But when the position turns around 'infrastructure', 'military industry', When it comes to the main line of 'Military Industry', the emphasis has to be changed, and we can no longer follow the original path."

"The focus of what you said..." Li Meng didn't fully understand for a while.

Su Yu smiled and said: "The expectations in the fields of 'infrastructure' and 'military industry' are still there, but the structure of the bargaining chip has changed, and the current relative position is relatively high. If we want to spread the layout, we will return to 'infrastructure' and 'military industry'." 'With these two main lines, you can no longer choose the various branch lines and corresponding core stocks that have been overdrawn by hype in the past few months. You must choose the relatively stagnant growth before, which is still at a low level in the market. The feeder sector with strong expectations and strong logic for the future that we left behind."

"Like what?" Li Meng asked.

Su Yu responded: "Let's analyze the sectors of public transportation, high-speed rail, and machinery and equipment carefully. If we want to turn around these two main lines when the main lines of 'infrastructure' and 'military industry' are adjusted in the future, these two areas will As for the sector, I know that we can focus on it, but we still need to screen for specific targets.”

"Okay!" Li Meng nodded, "However, the line of 'technological growth' also has a certain chance, right?"

"Yes!" Su Yu said, "It's just that the size is not large. We are laying out in the field of 'technological growth', and liquidity will be a problem. The amount of funds in our institution has increased to this point. In terms of market selection, we So you can only choose big opportunities, and you have to give up some small opportunities.”

The larger the amount of funds traded, the more trade-offs must be made to the market conditions.

Su Yu deeply understands this.

Therefore, he pays attention to the line of "technological growth", but he definitely does not want to be heavily involved in this field.

After all, although individual stocks in this field have high flexibility, once they encounter a direct negative blow, it is a troublesome thing for them to withdraw safely.

"Okay!" Li Meng nodded, knowing the trade-offs.

"There is one more thing." Li Meng paused, and then said, "Our company's 'Yuhang No. 2' fund product has reached the one-year closed period settlement time this month. At the current time point, we are Do you settle the fund product first, or continue to close the operation until the end of the year, and then settle the net value together with the 'Yuhang No. 1' fund?"

"What do you think?" Su Yu asked.

Li Mengmeng thought about it, and said: "Since we pulled out the main line of 'big finance' and drove the Shanghai Stock Exchange Index to break through the 3000-point pressure level, the curtain of the market bull market, under the rapid recovery of market sentiment and confidence, has already It has been completely pulled away, and the current 'bull market expectations' are deeply rooted in the hearts of the people.

It can be expected that the market trend in the two months at the end of the year will probably not be bad.

Moreover, most of the market's core market development will continue to revolve around the main line of 'big finance'.

We have finally taken the absolute initiative in the main direction of 'big finance' and completed the layout of positions. We are just waiting for the market conditions to further ferment and expand the profits of the positions.

At this time, if the net value settlement is carried out, the closed operation of the fund will end, and the restrictions on subscription and redemption will be opened.

First, it is not cost-effective and will damage our further profit acquisition.

Second, this will directly expose all the positions of our main funds, which is not good for our subsequent operations.

Third, this will also affect our overall investment plan and trading plan, which will greatly affect market changes. After all, the capital group following our institution is really not to be underestimated.

Of course, at this time, the net value settlement of the 'Yuhang No. 2' fund will be carried out.

On the other hand, it is also helpful for our institution to recover the excess profits in the fund operation immediately, and the collection of excess profits will greatly improve the current cash flow and liability status of our institution. "

In order to win the project of 'Yanjing Sankuai Online' and wholly acquire the company 'Anzhao Fund'.

At the current stage, the company is burdened with 20 billion short-term loans, 10 billion from "Zhenhua Capital" and 10 billion from "Chinese Commercial Bank".

Although these two funds are not in a hurry to pay back now.

But being so owed all the time made Li Meng, who had never owed so much money, always feel a bit stuck in his throat.

"What's more..." Li Meng thought for a while, and then said, "Didn't you say before that you planned to win the 'Ningde Times' project with Mr. Du of 'Global Atlantic Capital'? I heard from Qianqian that the current The project has already begun. Once the project starts, we don't have so much money to invest, so we have to liquidate the net value of the 'Yuhang No. 2' fund.

Starting from my personal thoughts and substantial interests.

I definitely hope to delay it for another two months, and at the end of the year, the net value of the 'Yuhang No. 2' fund will be liquidated.

However, considering some of the company's current development needs, it is not impossible to carry out net worth liquidation at this time. "

Su Yu said with a smile: "We have only had preliminary contact with the 'Ningde Times' project. Even if everything goes well, the final investment participation will probably be in the next year. Therefore, the 'Yuhang No. 2' fund It is entirely feasible to postpone the liquidation time of the net value of the product until the end of the year.

As for our company's debts, as long as the company's operations are normal, then the 20 billion debts are not a problem for us at all.

Speaking of which, at this time...

As long as we want it, let alone 20 billion, even if we need 50 billion funds, many financial institutions will rush to grant it to us. "

"Then we delay the settlement of the net value of fund products, what should investors say?" Li Meng said again.

Su Yu smiled and said: "When our fund was established, didn't it be stated in the subscription clauses that our institution closed the fund's operation stage and the net value settlement cycle, which is beneficial to the fund investor group that subscribes, and does not harm investors. In the case of collective interests, does it have sufficient decision-making power? Regarding this point, I will explain it later through the investor’s internal group and email.”

After speaking, Su Yu returned to his office and began to write a 'letter to investors'.

Then, this letter was sent to all existing fund share holders of the 'Yuhang No. 2' fund product through mass mailing.

And when everyone received this email, everyone disagreed.

After all, the market conditions are just right, and the net value settlement at this time is not good for the 'Yuhang Investment' institution, and it is also not good for their fund share holders.

Moreover, based on the current share of the main fund products of the 'Yuhang Series', it is very popular in the off-market transfer market.

Investors who are in urgent need of money, if they want to cash out and leave the market.

It is entirely possible to transfer at a substantial premium through the off-site fund share transfer market.

Especially when Su Yu sent out the internal letter, it was only over an hour.

The internal letter he wrote quickly spread to many main financial institution groups who are interested in paying attention to the movements of the 'Yuhang System' institutions through the investor group holding fund shares.

For a time, it can be described as the entire domestic asset management industry.

We all know the main fund products of the 'Yuhang Department', delaying the settlement of net worth, firmly optimistic about the development of the market outlook, and investment judgments with a firm bullish view.