The Road to Rebirth Finance

Chapter 427 Hot purchase and sluggish market
The day Su Mingyu came was Monday, which was already the third day of subscription, and it was also a working day, so Gu Junhao was quite busy.

The broader market is also doing well today. The Shanghai Composite Index rose 0.54% throughout the day, and once again rushed to the high point of 3170 points in the previous trading day.

During the day, Gu Junhao was busy with work, and Su Mingyu set up a computer to watch the market; although he didn't plan to participate in trading, for some people who had traded in stocks, watching the market, which others thought was boring, was actually quite interesting.

For example, when some stocks rise in a straight line, the speeches of stockholders in the stock comment area will appear extremely excited. When they pull two or three points, they wonder whether there will be a daily limit.

And some stocks that fell straight or went straight to the limit, in addition to the thrilling market, the comment area is also full of curses.

In the evening, Gu Junhao took Su Mingyu back home. After dinner, Su Mingyu didn't stay too long considering that Gu Ge's family had pregnant women who needed to be taken care of.

After the two chatted for a while, Su Mingyu went back to the hotel to rest. He was also a little tired today. In the next few days, Su Mingyu would stay in Beicang for several days.

As he is about to graduate, he has relatively free time.

The next day, Tuesday, Junshi No. [-]'s hot subscription continued. However, the A-shares, which had a good trend in January, entered the process of bottoming out from today.

Since Tuesday, after the Shanghai Composite Index hit 3174.58 points, after the third attempt to hit the pressure level failed, A shares have entered into a comprehensive adjustment.

During the week, only Monday is red, and the remaining four days are all overcast.

The market fell for four consecutive days, and Xu Jianqing couldn't help but envy Wang Ruoyu's luck. This was purely backtracking.

After Junshi No. 3000 finished raising funds, the index returned to near the bottom of [-] points again, which is undoubtedly good news for incremental funds.

In fact, this second dip will hurt investors who do not have a deep understanding of the big picture much more than the first dip.

In the first round of bottoming out, although most investors had fear, they were more or less able to overcome their inner fear, and appropriately bought bottoms or covered positions to seek solutions.

However, by the time of the second round, profitable investments want to keep their profits, investors who have undone their set will be afraid of getting stuck again, and those who are deeply set will be afraid of hitting a new low.

A series of fears will cause them to lose their bargaining chips during the second dip.

During the decline this week, Vanke, whose stock price was hovering at a low level, once again gained a sense of presence in front of shareholders.

On January 2017, 1, Vanke, which is famous for its shareholding competition in A shares, issued an announcement after a period of silence: "The company's original largest shareholder intends to transfer all of its Vanke shares to Shenzhen Iron Group."

And Baoneng also quickly issued a document the next day saying: "Welcome Shenzhen Railway Group to invest in Vanke, and Baoneng will support Vanke's healthy and stable development as a financial investor."

The entry of Shenzhen Railway has changed the attitude of Baoneng. It has changed from seeking actual control of Vanke to financial investment in Vanke.

The original largest shareholder was out, and Bao Neng was completely subdued; the battle for equity that lasted for a year and a half officially entered the second half.

Next, the only unstable factor is the belt. Judging from what Gu Junhao knows, it is Shenzhen Railway Group that controls Wanke in the end.

And Wanke's old Wangtou is completely out of the game. Although the belt seems to be an unstable factor now, a smart person like him is bound to make a very smart choice.

In a few years, he will be able to live a chic life with a large amount of debt, not to mention that these are his most glorious two years.

In my impression, Belt finally transferred his equity to the Shenzhen Railway Group. As for whether it is a profit or a loss, and the transfer price, I really didn't pay much attention in my previous life.

As for Bao Neng, it seems that in the end, he earned tens of billions and was out of the game, but who paid for these tens of billions?Whose money is Bao Neng earning?It is worth thinking about for investors.

Vanke's current stock price is maintained at around 20 yuan. From the perspective of financial investment and the blue-chip surge before January 2018, it can actually be bought.

However, Gu Junhao no longer intends to touch real estate stocks anymore, and before January 18, he will also liquidate all relevant stocks in the real estate industry chain.

2018 was the last glory of the real estate industry. Since then, it has lost its former glory. From the perspective of long-term investment, it is obviously not as good as the new energy industry chain.

The whole battle for equity seemed to be very chaotic. Funds from all sides entered the game, and the old Wangtou used all his contacts and resources to fight against Baoneng's invasion.

But judging from the beginning and the result, perhaps the goal of Baoneng was very clear from the beginning, that is to clear the old Wangtou from Wanke.

During the whole process of the competition, the former largest shareholder has been sitting on the sidelines, and sometimes even stabbed the old king in the back.

Perhaps, the final result was what the former largest shareholder wanted to see, or perhaps, the energy guarantee and even the belt were just pawns.

What the old man did made some people unhappy, so he called Bao Neng and kicked him out. In the end, Bao Neng got his hard work, and some people got the results they wanted.

Those who work have earned their hard work, and those who should leave have left; as for equity, it's just left handed and right handed.

2017年1月13日，上证指数收盘3112.76点位，以日跌0.21%，周跌1.32%的走势结束2017年第二周的交易。

The GEM index fell below 1900 points, and the GEM index fell 3.31% in a week to break through.

The top five falling stocks this week are all small and medium-sized start-up stocks. Among them, Kaier shares, the largest decliner, fell as much as 33.22% in a week, and Weilong shares, the smallest, fell 19.96% in a week.

For the GEM, even after the full-year correction in 2016, the current overall valuation is still as high as 59 times.

In the bull market, the investment atmosphere is good, no matter how high the bubble is, people will pay for it, and in the bear market, investors will be relatively rational.

Whether it is the real estate market, the stock market or other investment categories, buying up and not buying down has always been the traditional investment thinking of Chinese people.

To invest in a bear market, in Gu Junhao’s view, it is best to buy stocks with a relatively low price-to-book ratio, especially those stocks with a price-to-book ratio between 1 and 3.

When catching up with the industry cycle or the outbreak of hot spots, these stocks will have a good rise. Even if they fall, these stocks that are already near the valuation are relatively resistant to falling.

There are only two weeks before the Spring Festival holiday. Judging from this week's decline, investors are relatively pessimistic.

Junshi No. 253, which will end its fundraising in two days, has already raised [-] billion yuan before leaving get off work today, including the RMB investment entrusted by Jiufeng Trust again.

The previous 6 million US dollars, Junshi Capital's trading team, was perfectly broken up into pieces, scattered among Hong Kong stocks and technology stocks in rice stocks.

Even with the big retracement of the global stock market in December, its overall yield of more than 12% is quite good.

In view of this, Xie Jun of Jiufeng Trust decided to entrust Junshi Capital with a RMB investment of 10 billion yuan when Junshi No. [-] started fundraising.

This is also the single largest subscription that Junshi No. [-] has received since its opening of fundraising.As far as Xie Jun is concerned, this RMB investment is safer than the dollar investment.

Without him, if you lose money, you don't need to charge management fees, which is quite good. The reason why many big funds choose Gu Junhao is more based on this point.

In addition to Jiufeng Trust, there are some other trust institutions, and even big customers like family funds, who come to purchase Junshi No. [-] one after another. The purchase amount of these big customers starts from [-] million yuan.

This is also the reason why Junshi No. [-] has raised so much money in the past seven days. Organizations always have more money than individuals.

Counting the two days of last weekend, Junshi No. 36’s average daily gold intake reached more than [-] billion yuan. Although Gu Junhao has kept the staff involved in this fundraising low-key, the amount of funds raised every day is still widely spread in the market .

There is no way, Gu Junhao can manage the employees of his company, but he can't control the mouths of banks and customer groups. There are always some well-informed media who can find out how much money has been raised.

Since the working day on Monday, outside the office building where Junshi Capital is located, there are several media reporters squatting every day. Whenever a purchaser walks out, they will go forward to find out how much they have invested.

The popularity was so high that Gu Junhao was really helpless.

With the week-long decline and sluggish trading volume, most investors believe that in a bear market environment, people with large funds are reluctant to invest.

But in fact, this is not the case. Throughout the whole year of 2106, the investment in the primary market and the popularity of the private equity industry in the secondary market can be seen. Gu Junhao has his own appeal, but more industry factors are involved. .

It just happened to catch up with the outbreak period of the private equity industry.

"Okay, it's almost done, let's end it early. The company's own funds will be put in 27 billion yuan, and 280 billion yuan will be collected. The fundraising will end today." After get off work, Gu Junhao announced the end of the fundraising without warning.

Since last weekend, he has been working continuously for seven days, and the Chinese New Year is coming soon. Gu Junhao does not want to work continuously for seven days. The continuous work in the recent period is really tiring.

In addition, Gu Junhao was not used to being surrounded by a group of reporters when he walked out of the company every day after get off work. Some unscrupulous media would even follow Gu Junhao home, but luckily they couldn't get in.

Although he has been interviewed by the media, Gu Junhao is not used to living under the spotlight. The frequent harassment of reporters has already affected Gu Junhao's mood.

"Ah? It ends today? Isn't there two more days?" Gu Junhao suddenly announced the end of the fundraising, which surprised everyone.

"Well, it's over, so be it, the 280 billion funds are enough, almost enough, I am harassed by the media every day, I am worried that it will affect the child in my wife's womb."

"Uh, boss, you are too foolish. Isn't this reason too perfunctory? Blame the reason for the early end on the media."

"Haha, who cares, everyone has worked hard these seven days, I believe you don't want to go to work for seven consecutive days, so that's it."

"It's hard work, but it's also very exciting. We're okay."

"Okay, let's make a decision like this. You don't care. The colleagues in the bank and the law firm have worked really hard recently, and they are the hardest ones." Gu Junhao looked at the staff in the meeting and said.

The custodian bank, since last week, has sent a working team to Junshi Capital to work directly on site, and the law firm that cooperates with Junshi Capital has also sent many legal professionals to the site to assist.

"Haha, Mr. Gu is polite, and we are all okay." The leaders of the bank and the law firm said that there is no problem, and they can continue to fight.

However, Gu Junhao didn't want to continue any longer.

In the seven days, the funds that should be raised have almost been raised. Judging from the diminishing effect of funds, it is impossible to maintain this growth in the next two days, and today is relatively free.

According to today's estimate, in the next two days over the weekend, a maximum of 30 billion yuan can be raised. If this is the case, it is better to add it yourself.

Anyway, in addition to some of the company's cash reserved, more of it must be put into the market.

The next two days are a rare rest day before the Chinese New Year, there is no need to continue spending it for a small amount of money.

There is another advantage of ending early, that is, like the previous few times, it always maintains the idea that Junshi No. [-] is very popular, just like hunger marketing, which is beneficial to brand promotion.

"Okay, everyone; leave the rest to our company staff. Let's go to the hotel next door, thank you for your efforts in the past seven days."

Afterwards, Gu Junhao said apologetically: "You all know that there is a pregnant woman in my family. Next, my assistant and Mr. Wang Ruoyu, the fund manager of Junshi No. [-], will entertain everyone."

"President Gu, you're being polite. This is within the scope of our work."

"Yeah, Mr. Gu should go back."

This time, the outsiders who participated in the Junshi No. [-] fundraising were all normal staff members of the unit. After a few leaders came for a while, they had already stopped coming. Gu Junhao didn't come forward in person, so everyone could understand.

Li Xinyu and Wang Ruoyu were telling everyone to go out, but Gu Junhao stopped Liu Ruihuan and told her that Zhang Yiru asked her to go to the house for dinner. This was Zhang Yiru's confession before Gu Junhao went out in the morning.

Since entering Junshi Capital last Saturday, Liu Ruihuan has been working here for seven days. During this period, Zhang Yiru visited her twice, but there were too many people at the scene, and there were media reporters outside, so Gu Junhao dared not come again. Let her come over.

Two visits, one of which Zhang Yiru was photographed by the reporter. The wife of Junshi Capital appeared in front of the public for the first time with a big belly.

(End of this chapter)