The Road to Rebirth Finance

Primary Market Opportunities Brought by Chapter 353 Registration System

In every investor's investment career, there are unforgettable events, a certain stock that has made a lot of money, or a certain stock that has lost a lot, and an unforgettable year.

And 2015, whether it is a newcomer to the market or an old investor who already has rich investment experience, is an unforgettable year.

It is not too much to describe the stock market throughout the year: magnificent, thrilling, desperate, and licking blood.

In 2015, many new terms appeared in the stock market that investors will never forget: leverage, margin financing and securities lending, the national team to save the market, take over the market for the country, securities finance, Huijin and so on.

Through the sharp rise and fall of the stock market, it has vividly popularized the knowledge of the stock market to investors from all walks of life.

These are the lessons brought by money, some people remember it, some people forget it.

The annual increase of the market reached a maximum of more than 60%, while in June, July and August, the three-month decline was as high as more than 44%. The sharp rise and fall behind the data reflected a new round of wealth transfer and the sad history of countless investors. .

Although this round of stock market decline has caused great harm to many people, it is not without favorable events for the subsequent investment market. Several of these are worth summarizing for investors.

First, the policies and measures at the regulatory level. After 2015, the supervision has become more and more strict. For many incidents of violations in 2015, a very large part of the people in the follow-up investigations eventually suffered the consequences.

Big A is a policy market. Investors must pay great attention to policy changes, especially several major industrial changes will bring great investment opportunities.

In Gu Junhao’s view, the strict supervision of the A-share market can be divided into before 2015 and after 2015.

Strictly speaking, this year is still a very chaotic year. Some stocks have staged countless blatant farces, and the methods of swallowing the wealth of stockholders are even more vicious.

The most famous one is probably returning home next week?Although he is pretty good now.

The collusion between the mouse warehouse, various institutions, private equity and listed companies is very obvious.

There are countless illegal shareholding reductions, and the chaotic market has been greatly improved after the stock market crash.

Second, the development of the bond market. During the decline of the stock market, the bond market is relatively good.

The issuance of bonds by government and enterprises began to increase substantially, and more and more convertible corporate bonds were available on the market. Investors began to pay attention to a relatively stable bond market.

The development of the bond market has provided an opportunity for the diversified development of the domestic investment market, and also provided investors with more diversified investment options.

In his previous life, Gu Junhao had popularized the method of converting convertible bonds to many investors.

In my impression, before 2019, ordinary investors were still very ignorant about the purchase of convertible bonds, and most investors even did not know what convertible bonds were.

You only need to open a securities account without investing any funds. You can apply for new convertible bonds every time they are listed, and sell them on the day when the convertible bonds are listed.

Generally speaking, it takes one to two months for a convertible bond from subscription to listing.

Invest 1000 yuan for each lottery you win, and you don’t need to invest if you don’t win the lottery. The capital risk is very small.

On the first day of new listing, the income of a single convertible bond ranges from tens of yuan to several hundred yuan. Except for a very few convertible bonds that have been issued, most of the income on the day of listing exceeds 10%.

There is no need to worry about the broken convertible bonds, as long as they are left alone, there is a great chance of rising, and if they fail, they can also be converted into shares or eventually eat interest.

When not many investors know or understand, the success rate of convertible bonds is very high.

In a year, you can get thousands of dollars of wool with almost no capital. This is a good way to make money for A-shares with low returns and low stock market at that time.

And this is just the new income of convertible bonds for one account. There was a statistic in my impression that the average annual income of convertible bonds for each securities account should be between 2000 yuan and 4000 yuan.

A family, a few people, and a few accounts can earn tens of thousands of yuan in wool income for nothing a year, which was quite good at the time.

Third, the emergence of many new terms helps investors better understand the market's operating rules and risk characteristics, and enhances investors' market sensitivity and risk awareness.

When engaging in stock trading, the most important thing is to control risks. In simple terms, it is to control the withdrawal of accounts.

Only when the withdrawal of the account is well controlled, can the profit be realized annually.

It is not advisable to make 5 points today and lose 5 points tomorrow. This kind of trading method is not advisable, and it will be nothing in the end.

The fourth point, which can be seen as an extension of the third point, is the education and training of individual investors.

The sharp drop in the stock market has made many investors realize their own shortcomings in venture capital.

Under the deliberate guidance of the regulators, some investors began to pay attention to the learning of investment knowledge and skills to enhance their investment capabilities and risk awareness.

This has a very positive significance for the long-term development of the stock market.

In his previous life, Gu Junhao graduated with a major in finance. Although he had a certain advantage in professional knowledge compared to more investors, before 2015, he was just a leek with a slightly larger amount of funds.

During the circuit breaker in 2015 and even 2016 in the previous life, it was commonplace for Gu Junhao at that time to eat the limit.

It was also the stock market crash in 2015 and the chaotic market, and the news that countless people went bankrupt after the plunge made Gu Junhao deeply aware of whether he would continue to trade in this market.

Individuals are powerless to change the overall market structure. If you want to survive in this market, you must learn to adapt.

How should I deal with it, adapt to the rules and countless backstabbing to stabilize my income.

After realizing a series of problems, Gu Junhao finally perfected his own investment system after several years of hard work.

In the end, he was able to survive in the stock market with a stable profit model, thus becoming a bull with a large amount of funds.

Gu Junhao in this life is able to do a job well in the stock market in 2015, so he doesn't need to understand the universality of this knowledge.

But Gu Junhao believes that through this year's market, in a certain corner of the world, there must be investors who are the same as his previous life and will have the same experience.

Retail investors are only limited by the slowness of the news and the limitations of cognition, but it does not mean that they are not smart and not good at learning.

On the contrary, most of the thinking ability and learning ability of retail investors who can survive in the stock market for a long time are stronger than many people.

After the end of the year-end battle on December 12, a large number of summaries and opinions on this year's market appeared on major social media, and countless stockholders posted their annual income charts.

Although there are some profit-makers among them, looking at the overall income chart posted, the small investors throughout the year can be described as horrible.

Part of the loss-gain chart even stopped abruptly in June and July, and thereafter became a straight line.

Obviously, most of these investors should be the investors whose positions were liquidated during the stock market crash, although some investors who have not traded since June and July cannot be ruled out.

Behind the countless profit charts are the heartache and blood and tears of stockholders for a year, but compared with real estate investors, the mentality of stockholders is much better.

No matter how much the loss is, as long as the principal is still there, you can continue to fight.

Judging from the remarks on the Internet, for 2016, although most investors believe that the bull market in 2015 will not reappear, they still maintain a certain degree of confidence in the market.

Most investors believe that this year's shock range should be around 3500 points to 4000 points. There is still a certain opportunity for arbitrage within this range, and they hope to achieve return on capital next year.

Few stockholders have thought about quitting the stock market after a large loss, and have never thought about whether this market is suitable for them. This is the true psychological portrayal of stockholders.

Both cook and love to play, but in terms of mentality, it can be said that among all investment categories, the mentality is the best.

Although the stock market is falling, they will also curse, but what to do after the market closes is very cute.

There is a four-day holiday on New Year's Day, and the official opening of the market will be on the 4th after New Year's Day. For some reason, in the past few years after being reborn, Gu Junhao always feels that there are more holidays now than in later generations.

In the impression of later generations, vacations come and go, and in the end it feels like there is no vacation.

I don't know whether it's a deviation in memory or a difference in mentality, but in Gu Junhao's impression, it is indeed the case.

There is no wandering around as imagined, and the life of the rich is not always colorful. For Gu Junhao, it is much more comfortable for a cat to be at home in winter than to wander around.

But in essence, most of the people who do well in stocks are relatively boring in character, such as Gu Junhao, who tends to be an otaku.

Of course, the current Gu Junhao is naturally unable to be as leisurely as he used to be when he traded stocks full-time, and his holidays for a few days are mainly for reading documents.

The investment business department reorganized from the fund business department has officially entered the research stage of the primary market after several months of trial operation.

Before New Year's Day, Gu Junhao had received several primary market investment research reports that looked pretty good, so he just took advantage of the holiday to study at home.

In fact, the timeline has come to 2016. As far as primary market investment is concerned, it is really not a good time.

On the one hand, since the monetary policy is still in a loose state, as a primary market, there is no shortage of money at all.

In the past two years, many well-known projects in the previous life have received large amounts of investment, often billions or tens of billions of investment, and the unit is still US dollars. Gu Junhao's money is not enough to qualify for entry.

On the other hand, as all walks of life have entered the bottleneck period, the leading industry chain is basically close to perfection, basically there is no chance of entry, so naturally there is no need to think about it.

However, the fact that there is no opportunity for the head does not mean that there is no place to play in the primary market. This is the opportunity brought by the registration system.

Under the registration system, Gu Junhao focused his investment opportunities in the primary market more on small and medium-sized enterprises.

It is undeniable that after the formal implementation of the registration system, it has brought certain impacts and even negative consequences to the secondary market.

But for some small and medium-sized enterprises, it is actually quite beneficial, at least making their financing more convenient.

Although more of them are mainly for listing and cashing out, it cannot be denied that there are still some entrepreneurs who are serious about doing business. The convenience of financing allows them to better focus on their main business.

For example, there are many small and medium-sized enterprises around Yongcheng that were successfully listed before and after the formal implementation of the registration system, such as Deye Technology, and Xushen Company, which Gu Junhao has a good relationship with. Last time, Gu Junhao helped solve the bridge funds.

These are relatively well-known companies, and there are countless companies with smaller scales and smaller market capitalization after listing.

The market value of these stocks generally remains at about 30 billion yuan after listing, and they are not well-known among the A-shares.

The reason why some of them can be remembered by Gu Junhao is simply because they are enterprises around Yongcheng.

In terms of buying stocks, apart from some industry leaders, Gu Junhao still prefers the stocks near Yongcheng and Jiangsu, Zhejiang and Shanghai.

Investing in stocks in developed regions is relatively better in terms of risk resistance and specific performance. These are just considerations from investment preferences and have nothing to do with regions.

Regarding the investment in the primary market, Gu Junhao's policy is to focus on some small and medium-sized enterprises in the new energy automobile industry chain, see which ones have investment needs, and combine the concept of specialized specialty products created by later generations to make plans in advance.

Around the middle and lower reaches of the new energy vehicle industry chain, auto parts companies such as Park Lane Auto Parts, which were personally invested in the water, and some companies in the new material industry.

The main focus is an industrial investment style. Others are reborn as Internet tycoons, and Gu Junhao is reborn as an organization to turn screws by hand. That's how rebellious it is.

There is still no need to seek holding shares, and focus on financial investment, and spread the net like a venture capital investment. The investment share of each company is kept at tens of millions of yuan. This is the most favorable investment in Junshi Capital's primary market at present. direction.

As long as one or two companies go public, the investment cost can be recovered, and it doesn't matter if the rest are all lost, as it is to support local employment.

Even if these enterprises cannot be listed, the local employment environment will still be improved to a certain extent if they want to continue to operate.

Gu Junhao only hopes that the industrial company he invests in can survive for a longer period of time when the economic environment reverses in the next few years, so that his "big money" behavior in the primary market will not be in vain.

After reading the business reports of the investment department for two consecutive days, among the many companies that were interested in accepting investment, Gu Junhao found many companies with good quality.

Most of these companies are similar to Park Lane Auto Parts. With the development of the industrial chain, they have encountered good opportunities, but the founders are still hesitant about whether to expand production and investment scale.

The continuous expansion may lead to the break of the company's capital chain, but looking at the door-to-door business, I don't want to give up, which makes people very entangled.

And this also brought opportunities to Gu Junhao. What Gu Junhao wanted to solve was to solve their troubles financially just like before.

Different from start-up companies, these small and medium-sized enterprises basically have a certain history, have their own business channels, and do not need too many resources from venture capital companies.

What is missing is an opportunity brought by a financial investor. Under the premise of ensuring absolute control of the company, with financial support, the company's fundamentals can achieve a qualitative transformation.

During the third holiday of New Year's Day, Gu Junhao, who had read the report at home for two consecutive days, was a little bored; on this day, Gu Junhao, who was relieved, accompanied Zhang Yiru back to Jiangbei.

After giving New Year's gifts to the children in the orphanage, as before, the next step is to go back to Lao Zhang and his wife to spend New Year's Day together.

Speaking of which, Zhang Mingde is still the legal representative of Junshi Capital. Although he does not participate in the company's operations, Junshi Capital will pay him a normal salary every month.

Although people like Zhang Mingde, Aunt Huang, and Lao Lu were ordinary people in their daily lives, they had to be said that they were all noble people to Gu Junhao before and after his rebirth.

Of course, the most noble person is by his side. Without Zhang Yiru, Gu Junhao may not be short of money now, but there is a high probability that he will just be the same as in his previous life, and eventually follow the path of his previous life.

　There is only one chapter tonight. I have been very busy with work these days, so I will make up for it on the weekend.

　　
　
(End of this chapter)