The Road to Rebirth Finance

Chapter 352 2015 Annual Finale
December 2015, 12, Sunday, the last weekend of this year.

Today, there are several bad news from the market. First, the registration system has been authorized and is expected to be officially implemented in March next year.

The implementation of the registration system is undoubtedly a big negative for some high-valued growth stocks, small-cap stocks and the GEM.

The second is the last four trading days before the year, when the Shanghai and Shenzhen stock markets will usher in a huge lifting peak, with a market value of 1353 billion yuan, which is the second highest level in a single week in 2015.

Due to the reason of New Year's Day, one trading day was lost in one week's trading time. In addition, the market has shrunk severely recently. The market has to bear the 1353 billion lifting quota in four trading days, which can be described as Alexander.

The third is that the Japanese newspaper publicly warned of the risks of insurance funds. Affected by the dispute over insurance, the most popular concept in the capital market in December was the concept of placards.

The public statement made by the Japanese newspaper is not only about Baoneng, but the whole concept of raising placards.

Before the official transaction started, this public article severely hit market sentiment.

It seems that the public relations ability of Vanke's management after the suspension is quite good, and the Japanese newspaper actually made a public statement, which is also a kind of support for the management in a sense.

You must know that the last time he spoke about the stock market, 4000 points was the starting point of the bull market, but this time he actually mentioned a certain sector separately, and the purpose is self-evident.

Sure enough, with the suspension of Vanke's trading, a series of public opinions that are not conducive to energy conservation have emerged, which are more destructive than those on the Internet.

The fourth piece of news that is not conducive to the market is that the profits of industrial enterprises above designated size in November fell by 11% year-on-year, which was released today. The weakness of the macro economy also puts pressure on A shares.

In fact, in Gu Junhao's view, so much news is not as good as the circuit breaker rules that will be officially implemented after New Year's Day, according to the index circuit breaker rules issued by the Shanghai and Shenzhen Stock Exchange and Zhongjin this month.

On the first trading day after New Year's Day in 2016, the circuit breaker officially came into effect, and A shares entered the era of circuit breaker.

The circuit breaker rule is the Shanghai and Shenzhen 300 Index, which is the target index of the A-share circuit breaker. The circuit breaker threshold is divided into two levels: 5% and 7%. After the index triggers a 5% circuit breaker, trading of securities within the circuit breaker range will be suspended for 15 minutes.

但如果尾盘阶段（14点45分至15点期间）触发5%或者全天任何时间触发7%，将暂停交易直至收市。

The trading products involved in the circuit breaker include: stocks, funds, convertible corporate bonds, exchangeable corporate bonds, stock index futures and other related products recognized by the exchange.

It has to be said that Gu Junhao’s shock caused by the circuit breaker in his previous life was actually much higher than the stock market crash in 2015, even if the stock market crash experienced a wonderful-style thousand-share drop limit, a thousand-share daily limit, and a thousand-share trading suspension.

These are not as shocking as the circuit breaker. Within 15 minutes of trading in a day, they get off work, and some people have closed the market before they even have time to turn on their computers.

For investors who have entered the stock market since 2016.In Gu Junhao's view, it is a great pity in his investment career not to experience the circuit breaker.

Stock market crashes are common, but circuit breakers are rare. This kind of ignorance that the computer is turned on and the market is closed is indeed very interesting.

It may be a once in a lifetime opportunity.

Of course, the stocks on the account are also very interesting. Before I reacted, the limit fell, and there was no way to escape.

The circuit breaker and stocks that were cut in half within a few trading days after the circuit breaker are everywhere.

In particular, some small and medium-sized start-up stocks were even more depressed after the circuit breaker.

It was also this circuit breaker that caused the village director to retire sadly, and then entered the chaotic 641 era.

641 is definitely the most unpopular village director with hot money. During his tenure, he continued to attack hot money.

Well-known hot money in some markets was frequently guided, all kinds of jokes were flying everywhere, and the market investment sentiment was extremely chaotic.

On Monday, December 12, affected by the four major bad news over the weekend, the Shanghai and Shenzhen stock markets opened lower and moved lower throughout the day today.

After the index was unable to break through under the pressure of the annual line, it fell below 3600 points, and all the moving averages on the daily line were broken.

Regardless of whether it is an index or an individual stock, the result of being unable to break through for a long time is to continue to look for a support position downwards.

Monday's rout all but set the tone for the final three trading sessions of the year.

In the next three days, the Shanghai Composite Index adjusted around the big negative line, barely staying above 3500 points under the protection of the brokerage, insurance, and banking sectors.

On Thursday, December 12, the last trading day, the market had a strong wait-and-see atmosphere, and investors had little desire to trade. The Shanghai Composite Index opened lower throughout the day and remained volatile, and began to accelerate its decline in the afternoon. In the end, the three major indexes all ended today’s trading in green trading.

The Shanghai Composite Index finally closed at 0.94 points with a 3539.18% drop, the Shenzhen Component Index fell 1.75% to close at 12644.89 points, and the ChiNext Index fell 2.36% to close at 2714.05 points.

After closing today's transaction, the transaction for the whole year of 2015 is also officially concluded.

Throughout the year, the Shanghai Composite Index closed up 9.41% for the year, the Shenzhen Component Index rose by 14.98%, and the ChiNext Index rose by 84.41%.

2015 ended here. Looking back on this year, A-shares fell from the sky to the bottom in the middle of the year, and then came back to life after the National Day holiday. The whole process can be described as magnificent and thrilling.

After the four trading days of this week, Junshi No. 65.05 finally closed with an overall scale of 4.6562 billion yuan for the whole year, and the net value of the fund was [-], which was a slight decrease compared with last week.

No matter what kind of year 2015 is for other investors, it is definitely a year of transformation for Gu Junhao.

Through a round of big bull market, without superimposed leverage, personal net worth achieved a big breakthrough.

And Junshi Capital has also developed from an unknown small private equity institution in the industry to a mid-upstream private equity institution with an overall scale of more than 80 billion yuan including funds and proprietary trading.

Investment categories have also expanded from pure A-shares to rice stocks.

Undoubtedly, if investors in future generations think of 2015, Gu Junhao and the two funds under Junshi Capital will definitely be an important symbol.

Junshi No. 22’s rate of return exceeding [-] times will also become a market myth.

But as far as personal accounts are concerned, Gu Junhao suffered a lot this week.

Longji shares will officially resume trading on December 12 after only one week of suspension.

After refreshing the high point of 12 yuan since the rebound on December 30, Longji shares began to fall rapidly.

In the end, it opened high and moved low, and closed at the flat price of 14.24 yuan before the suspension.

On the last trading day of this year, Longji shares, which went out of a high and heavy volume after the resumption of trading, fell 4.14% today, and the stock price fell below 14 yuan to close at 13.65 yuan.

From the perspective of the year, Longji's stock price fell by 34.50% throughout the year.

However, for Gu Junhao, who is a bargain hunter, the cost of 9.5 yuan above the account still maintains a 43.68% increase.

This price is already very safe, and it is estimated that even if it is a circuit breaker, it will not fall below this cost price.

As for Tianqi Liye in Junshi's self-operated market, although its performance in December was not good, its performance this year is still very impressive.

Tianqi Liye rose as high as 248.48% throughout the year, and the stock price finally closed at 140.75 yuan.

Among the Junshi No. 26.88 positions, Wuliangye has risen by 2014% throughout the year. Since 25, it has maintained an increase of more than [-]% for two consecutive years.

Maotai has also risen for two consecutive years, with an annual increase of 15.07%. The stock price closed at 218.19 yuan, and the annual price of Wuliangye was fixed at 27.28 yuan.

Since the trough of the liquor industry from 2011 to 2013, its trend has faintly shown signs of recovery.

The gains of most individual stocks in 2015 were illusory, and eventually ended up in a trend of a yearly line with a big negative line.

Even for the brokerage sector, which was in a bull market before, the overall trend in 2015 was negative.

Xibu Securities, once held by Junshi No. 12.12, closed down 82.97% this year, and the historically high price of [-] yuan is believed to be impossible to get rid of in this lifetime.

Unlike baijiu, this kind of stable happiness can still maintain an annual upward trend after the stock market crash. Even if Maotai buys the highest annual high of 290 yuan, it is much easier to solve the problem than securities companies. .

The liquor industry, which has been rising for two consecutive years, believes that the main institutions should also buy a certain amount of chips, or in 2016, it will give people a different surprise.

(End of this chapter)