The male god of magic capital

Chapter 123 124 Yiqi Juechen, 2 million snatched!
Monday, November 12th.

The stock market opens.

Because of the good news brought about by the scale of Chengtian Private Equity Fund reaching 50 billion, as well as the expected profit, the share price of Chengtian Holdings continued to rise, rushing to 3500 yuan a share, and the market value reached 35 billion.

The Roche Family Foundation holds 75% of the equity, which is already worth 26.25 billion.

Although the subsidiaries of Chengtian Holding Company are all bad, Chengtian Private Equity Fund and Chengtian Public Equity Fund are awesome. The stock price has risen really high, but it also makes many speculators focus on the most expensive A-share again. stock.

Because the stock price is at a high level of 3500 yuan per share, the usual trading volume is small, and there are not many investors who dare to buy at such a high level. Once it is short-sold, the stock price is prone to plummet.

The stock price of Chengtian Holdings fluctuates violently every day. Once it reaches a high level, it will be short-sold, but when the stock price plummets, some people buy it again.

No, some investors shorted a large amount of money, and soon the stock price plummeted to 3000 yuan per share, but it didn't take long for it to rise again, returning to 3500 yuan per share, and the long and short sides were stalemate.

Luo Cheng no longer paid attention to the stock price of his own company, but opened up the Hong Kong stock market. The stock price of MicroPort Medical has already reached 52 Hong Kong dollars per share, but encountered strong resistance. Luo Cheng was optimistic that its stock price would reach It is also 60 Hong Kong dollars per share, but at this moment he does not want to wait any longer.

If it waits for its stock price to reach 60 yuan per share, I really don't know when it will wait.

Now the stock price of MicroPort Medical has encountered a huge obstacle at the 52.00 position, and it will fall sharply at any time.

Luo Cheng planned to withdraw first, so he began to liquidate the 500 million shares held by the family foundation.

With a one-off liquidation of 10 shares, the stock price of MicroPort Medical began to fall.

51.74
51.22
50.44
50.11
49.44
···
By the time Luo Cheng finished the 500 million shares, the stock price had dropped to HK$48 per share.

The average closing position is 50.00. This time, 3000 million Hong Kong dollars is long for Minimally Invasive Medical. The opening position is 6 Hong Kong dollars per share, and the profit per share is 44 Hong Kong dollars.

500 million shares means a profit of 2.2 million Hong Kong dollars, a profit rate of 733%, and account assets of 2.5 million Hong Kong dollars.

There are 1.5 million RMB in the A-share account, and 2.5 million Hong Kong dollars in the Hong Kong stock account.

The market index, the Shanghai-Shenzhen 300 Index and the Shanghai Composite Index have all reached key resistance areas, and they will fall sharply at any time. At that time, it will be accompanied by the overall decline of the stock market. Luo Cheng plans to let the family foundation take short positions.

Chengtian Private Equity Fund has 50 billion funds, and it also maintains a short position.

The Chengtian public offering fund needs to maintain a minimum holding ratio of 60%.

Recently, Luo Cheng has been operating private equity funds and Luo family funds, and has not operated public equity funds for a long time.

Chengtian Public Fund has always been managed by traders and has held 15 stocks in the medical sector. Its assets have reached more than 240 billion.

Today's stock market is still in a strong state, but Luo Cheng plans to let Chengtian Public Fund reduce its position.

Immediately he came to the trading room.

"Start clearing the position and reduce the position ratio to 60%!"

Luo Cheng judged that the market index would fall in the future. In order to avoid the rate of return of Chengtian public offering fund falling sharply like other public offering funds, and even heavy losses, Luo Cheng planned to reduce the position to 60%.

Chengtian Public Offering Fund is a stock fund, and the minimum position ratio is 60%. This is the regulation of the China Securities Regulatory Commission. Therefore, when the stock market plummets, the position ratio setting of 60% must be maintained.

"Sell Jiu'an Medical Group, WuXi AppTec Group, Jianfan Bio... Tigermed!"

Chengtian Public Fund has always maintained a 90% position ratio and 10% cash, and now holds stocks with a market value of 216 billion and 24 billion in cash.

If the position ratio is changed to 60%, then it is enough to hold stocks worth 144 billion, which means to sell 72 billion stocks.

And Chengtian Holdings holds 15 stocks in the medical sector, and it would be good to sell each stock for an average of 4.8 million.

Then everyone started selling.

The medical sector, which was originally strong, had its upward momentum suppressed and fell slowly.

By the time the market closed, Chengtian Public Fund had cashed out 72 billion in funds. Adding the original 24 billion, it had 96 billion in cash and 144 billion worth of stocks.

The next day, Tuesday, December 12, the stock market opened.

Luo Cheng ordered: "Use 10 times the leverage to short the Shanghai Stock Exchange 150 Index futures worth 300 billion."

Next, there is a high probability that the market index will fall sharply, and it may fall for many days. Public funds hold stocks worth 144 billion, which will naturally shrink a lot.

In order to prevent the assets of public funds from shrinking a lot under the situation of continuous long-term stock market slump, Luo Cheng naturally wants to short the Shanghai and Shenzhen 300 index futures to enter the market to hedge.

The stock market falls, and the stocks held shrink, but the stock market falls, and the short position of the Shanghai and Shenzhen 300 index futures held will make a profit.

The two will cancel each other out.

"Yes, BOSS!" Then everyone began to short the Shanghai 300 Index futures.

Under 10 times leverage, CSI 150 index futures worth 300 billion were sold in no time.

On that day, the market began to turn around and plummeted, and most of the entire A-share stocks plummeted.

The medical sector also fell miserably, and the value of the stocks held has shrunk a lot.

However, the Shanghai and Shenzhen 300 Index also plummeted, making the short positions held by Chengtian Public Fund profitable.

Losses on stocks, but profits on stock index futures.

Basically, Tianchengtian public offering fund did not lose money, while other public offering funds did not expect the market to plummet at all, or it was too late to do hedging, or it was too late to do hedging, and the net value of these public offering funds shrank severely.

The retracement rate is as high as 5%, 8%, 10%!

However, when the stock market plummeted for Chengtian Public Fund, the retracement rate was so small, only a few tenths of a percent.

The next day, December 12, the stock market continued to plummet.

The broader market plummeted by 10%, and the stock prices of all sectors basically plummeted!
The public offering funds have shrunk severely, and the market is crying.

Especially those who bought the fund, did not have time to redeem it, and regretted it very much.

It is also very miserable when the stock market plummets just after buying a fund.

"Wonderful, the fund I bought before made a 20% profit; I should redeem it, and now the loss is terrible."

"The fund I bought yesterday has shrunk by 15% today, and I am so angry that I want to vomit blood."

"Fuck, the stock market is miserable."

"There are not many stocks that are rising, and they are all green."

Christians cursed in the comment group of public funds.

"Cao, what level is it?"

"Fucking shit, my salary for three months is gone."

"The stock market has fallen so badly."

"Today is too miserable. The stock market will definitely continue to fall in the future. I have to redeem the funds I bought."

"Hurry up and redeem it, the stock market will fall in the future."

"Maybe it's a bear market."

"Oh, hurry up and redeem the fund."

"Grandmother, I bought the fund at the highest point."

···
Other public offering funds suffered heavy losses, while the net worth of Chengtian Public Offering Fund remained unchanged.

Soon, because investors were worried that the stock market would continue to fall in the future, they redeemed a large number of funds they bought.

Of course, the public offering funds that suffered serious losses soon were not redeemed by Christians who suffered serious losses, because once they are redeemed, they will lose money in vain, and it is a good thing to hold them all the time.

Those public funds with relatively small drawdowns or few drawdowns suffered the largest redemption.

Because of the small drawdown of the Chengtian public offering fund, it even made a slight profit, which instead led to a large number of Christians who were worried about the subsequent stock market crash to redeem.

The stock market has also been falling. On Friday, Chengtian Public Fund received nearly 20 billion redemptions, including Christians and a large amount of institutional funds.

Everyone is not optimistic about the stock market in the future, so we are talking about redemption first. Of course, some institutions have to redeem their investments in public funds because of their heavy losses to ease their own liquidity.

Many institutions have applied for the products of Chengtian Public Offering Fund before, and this time it is also a large amount of redemption. After all, they have made a profit and no money is charged. If they do not redeem it now, if the net value of the fund drops sharply in the future, they will lose money in vain.

Chengtian Private Equity Fund has a liquidity of 98 billion and maintains a 60% position ratio. Unlike other public funds, which are 80% or even 95% of the position, when customers redeem funds, they still need to sell them in the market. Selling stocks, causing the stock market to continue to fall, this has created a vicious circle.

However, the scale of Chengtian public offering fund has been reduced to 220 billion, with 20 billion less liquidity, leaving 78 billion liquidity.

But Luo Cheng didn't care.

Soon these basic citizens and clients of new institutions will subscribe again, because Chengtian Public Fund shorted the CSI 300 Index futures for hedging, which is the smallest loss in the public fund industry.

"The market will continue to fall, and we will continue to hold short positions in the Shanghai and Shenzhen 300 Index futures." Luo Cheng instructed.

"Yes, BOSS" Everyone was super excited. Although they lost a lot in stocks, they made a lot of profits in stock index futures.

The two offset each other, making Chengtian Public Fund's performance outstanding.

On Saturday, Luo Cheng was sitting in the office drinking coffee.

"Boss, Qiushanfang Catering Company, the partner of our Chengtian Catering Company, has gone bankrupt and has been taken over by Mordo Bank. The bank is seeking to sell its assets. Our business rivals, Cangshan Group and Wangxiangyuan Group are both intend to buy its assets."

"Oh?" Luo Cheng suddenly became interested.

Looking at the information of Qiushanfang Catering Company, this company previously had an annual revenue of hundreds of millions. It was an old brand Qianqiu Restaurant that had been operating in Shanghai for 19 years. Due to a broken capital chain, all stores were closed overnight.

The boss ran away, owed the wages of many employees, and was in debt of hundreds of millions.

The main business is hot pot, stir-fry, steamed dishes, noodles, rice.

Liu Cangshan, chairman of Cangshan Group, said: Because the upper-level capital chain of Qiushanfang Catering Company was broken, resulting in poor management.Recently, consumers' comments on their dishes are mostly "average, nothing special", and the response is getting worse and worse.But the problem certainly did not appear overnight, but there was no timely feedback and adjustment.

Cangshan Group and Wangxiangyuan Group intend to jointly acquire the assets of Qiushanfang Catering Company. Of course, they are not buying it, but just buying its valuable assets. The price is 1.8 million.

Holy crap, Liu Cangshan bought Qiushanfang Catering Company for [-] million after it was judged to be worthless?
Luo Cheng immediately said: "Our company still has 2.4 million spare funds, offer me 2 million to buy these good assets."

"Yes, BOSS" Jiang Manman hurriedly contacted Modu Bank and offered a price of 2 million.

On the part of Modu Bank, Chengtian Catering Company offered a price of 2 million yuan, which was 2000 million yuan more than Cangshan Group and Wangxiangyuan Group.

Immediately agreed to sell the assets of Qiushanfang Catering Company to Chengtian Catering Company.

Liu Cangshan of the Cangshan Group and Wang Haitong of the Wangxiangyuan Group were almost pissed off.

"This is Chengtian Catering!"

"Damn it, we squeezed it into this, and even used 2 million to snatch our prey."

Liu Cangshan scolded!
Wang Haitong: "Since we can bring down Qiushanfang Catering Company, we can also bring down Chengtian Catering Company!"

"This Chengtian Holding Company is able to thrive in the financial field. In the catering industry, we made him suffer heavy losses every minute."

···
As for Chengtian Holding Company, Luo Cheng acquired the assets of Qiushanfang Catering Company this time, and formed Chengtian Catering Management Group, which also has an additional brand called Qiushanfang.

Autumn Restaurant is located in Lujiazui, and Fudan University has a restaurant. Luo Cheng took Jiang Manman to try its taste.

not bad.

For this reason, Luo Cheng also injected 4000 million from the head office into Chengtian Catering Management Group to allow it to develop soundly.

In the future, how long will Chengtian Catering Management Group manage catering companies, and even go public? If they control multiple catering companies in the future, then the savings, wages, insurance, financial management, etc. of its employees can be returned to Chengtian Holding Company This financial core.

For example, if employees want to buy insurance, they can buy Chengtian Insurance. For financial management, they can buy Chengtian Public Fund.

If employees want to speculate in stocks, they can choose Chengtian Securities,

In the future, Chengtian Holding Company will control many subsidiaries in the real industry, and then the employees, customers, and suppliers of these subsidiaries can give back to the financial department of Chengtian Holding Company.

Of course, Chengtian Holdings is still in the development stage. It is not easy to set up Chengtian Insurance, Chengtian Bank, and Chengtian Trust. A bank license, insurance license, trust license, and securities license are all expensive. outrageous.

Like a trust license, it may be nearly 100 billion.

Chengtian Holding Company still has a long way to go. At present, Chengtian Catering Management Group needs better development, and the president in charge of Chengtian Catering Management Group is still the same person. Luo Cheng is not very satisfied with his ability , then ordered: "It turned out that the president of Chengtian Catering Group was demoted to vice president, and let the headhunters go to find the executives of Cangshan Group and Wangxiangyuan Group!"

Jiang Manman said: "Boss, we are already looking for a vice president of Wangxiangyuan Group."

Luo Cheng nodded.

Soon the headhunter really poached the other party from Wangxiangyuan Group, and the salary increased by 30%, Wang Haitong of Wangxiangyuan Group was so angry that he gritted his teeth!
(End of this chapter)