The Road to Rebirth Finance

Chapter 294 When Will Break 10 Times Return

On the Dragon and Tiger List of Dongfang Fortune after the market close, Gu Junhao unexpectedly saw Fushan Road in the position of buying three. Real No. 6986.44 sold less.Failed to make the list.

Liyang Road is the No. 7274.82 seller, and Liyang Road is the No. 1800 seller when it sold 5400 million yuan today. However, the actual net sales of more than [-] million yuan were more than [-] million yuan.

The moment he saw Ah Fu's seat, Gu Junhao smiled, this old boy was really unlucky to meet him again.

Entering the net income of the second week of January, the two Junshi funds performed differently. Junshi No. 3.69 exceeded 3.7 million yuan, which was close to the total size of 9.2274 million yuan, and the net value value soared to [-].

However, the overall size of Junshi No. 10.1 remained at about 2.0215 billion yuan, with a net worth of [-]. Its performance did not change much for two consecutive weeks, making the market cry out.

Since the overall scale of Junshi No. 12 exceeded 31 billion yuan on December 10 last year, its size has only increased by 400 million yuan in the past two weeks. Compared with the soaring net worth trend at the end of last year, Junshi No. [-] seems to be Entered a bottleneck period.

Junshi No. 4, which has performed mediocrely for two consecutive weeks, has also ranked third for two consecutive weeks. The second place has been occupied by Henghua No. [-] Fund again. Wang Chao feels a little relieved; however, Junshi No. [-] still firmly occupies With the third position, there is a big gap with No.[-].

However, the overall scale of Junshi No. 2.05 at the end of last year was only 1.6 million yuan. In the past half month, the net value of Junshi No. 4 has risen by as much as 10 million yuan. Such excellent performance also makes the public wonder when Junshi No. [-] The total scale has exceeded [-] million yuan, and the net worth figure has reached [-], which means that we are looking forward to it.

Junshi No. 6 raised funds in June last year and was officially launched on June 6. So far, it has only been seven months. A fund has only more than 9 trading days in seven months. It can break through 100, which is extremely rare even in a bull market.

Although its final overall size is only 4000 million yuan, which is more flexible than some large funds, but such a performance, even some private equity fund leaders cannot do it.

It is normal for such a performance to attract large-scale attention, so this weekend, Junshi No. 10 once again hit the hot search with a strange entry of "When will it break through the net worth of [-]!"

As for the investors of Junshi No. [-], when they invested in Gu Junhao at the beginning, they just had the mentality of giving it a try. They never thought that their funds would nearly double in less than a year. This feeling is indescribable. surface.

Junshi Capital's public relations department did not contribute to this trending search at all. All of this was the spontaneous behavior of investors and Christians, and Gu Junhao was even more troubled by this entry.

"It's too hot. I have to think of a good reason to ship the goods later, otherwise I might be blamed by some people for the stock market crash." There has been such a thing as a blame man since ancient times, but fortunately there is someone more famous than himself. A bigger backer.

"So, my 5 will be changed to 50?" Liu Ruihuan also asked Gu Junhao in a daze after seeing the entry of Junshi No. [-] on the hot search board; invited by Zhang Yiru today, Liu Ruihuan came To two people's home as a guest.

"No, it hasn't reached 10 times yet. Even if it reaches 10 times, your 5 yuan is not 50 yuan. In addition to the 50% share, you have to pay a certain management fee."

Gu Junhao smiled and replied, if you want to turn 5 into 50, the net value of the fund must be at least 20 or more, but that is obviously impossible. This is also the reason why Gu Junhao originally designed the fund to be 2% after the fund exceeds 50.

Gu Junhao's answer made Liu Ruihuan heartbroken. He thought he had made a lot of money, but he didn't expect Gu Junhao to make the big money in the end. Liu Ruihuan's reaction was the mentality of most investors in Junshi No. [-] at this time, which has nothing to do with morality.

At the same time, Liu Ruihuan also looked at Gu Junhao with some doubts: "Did you design the 50% share before, and think that the net worth can definitely be more than 2?"

Gu Junhao shrugged and said: "How can I have this kind of ability? I want to know that the net value of the fund can rise to more than 9. I will definitely add a few sharing clauses later, such as 5% when the net value reaches 60 or more."

Although there are still doubts about Gu Junhao's words, Liu Ruihuan can't find any faults. As Gu Junhao said, if he can be sure that the fund's income has reached a certain level, why not add a few profit sharing clauses.

"Haha, my parents asked me today, how much money they can get." Zhang Yiru also said with a smile at the moment, the soaring performance of Junshi No. [-] made it difficult for Zhang Mingde and his wife to calm down.

When Junshi No. 100 went online to raise funds, in order to prevent unexpected failures in the issuance, Gu Junhao also invested [-] million yuan in the name of Zhang Yiru under the condition that there were enough investors. However, due to limited funds at that time, the rest of it was Zhang Yiru, Zhang Mingde, his wife and Liu Ruihuan gathered together.

Afterwards, when the operation gradually stabilized and the funds gradually became abundant, Gu Junhao also officially transferred his own share to Zhang Yiru. As Liu Ruihuan thought, Zhang Mingde and his wife never expected Part of the funds will have such benefits, which is really a windfall.

"Haha, Teacher Zhang is not calm anymore, but I'm still in a hurry. Now I'm not sure if I can make much profit. Let's see when the time comes."

As for when Junshi No. [-] will be liquidated, Gu Junhao also has his own plan, and he can't be too close to the stock market crash, that would be too deliberate, and he would rather lose part of his profits to liquidate invisibly; of course, it can't be too early, that way If so, the loss would be too great.

On the weekend, after the performance of Junshi No. 45 attracted people’s attention, the most widely discussed among investors was that the China Securities Regulatory Commission’s on-site inspection of the financing business of [-] securities companies finally came to an end, and the final conclusion has also been released.

Among them, Zhongxin Securities, Hitong Securities, and Guotai Junan have violations. It is the problem of extending the contract of the due margin financing and securities lending company, which has not been corrected after being dealt with, and the number of customers involved is huge.

The China Securities Regulatory Commission decided to take administrative supervision measures against these three companies to suspend the opening of new credit accounts of margin financing and securities lending customers for three months. At the same time, Zhaoshang Securities and GF Securities were ordered to rectify within a time limit.

In addition, five securities companies were issued warning administrative supervision measures, including the securities companies that Gu Junhao opened an account with, but it had little impact on Gu Junhao. Gu Junhao's previous two financing operations had always been carried out in accordance with the rules.

Nowadays, there are actually many securities firms that offer margin financing and securities lending business to customers whose securities assets are less than 50 yuan. With the heavy punishment at the regulatory level this time, this phenomenon will rarely appear in the future.

The current chaos in the market may not be felt by new investors, but it is close to numb to old investors, but this phenomenon cannot be eradicated even under strict supervision in the future.

The financial market that exists as a huge profit will never be able to put an end to this phenomenon.

To talk about the starting point of this round of financing, it should be calculated since July 7 last year, when the balance of A-share financing and financing started to soar from 22 billion yuan, exceeding 4288 billion yuan in just one month, and continued until November. The balance of financing and financing is growing at a rate of 5000 billion yuan per month.

Since December last year, the balance of the two financings has grown at the speed of the four cooperation departments, breaking through 12 billion yuan in just one week, and breaking through the trillion yuan mark on December 9000.

As of now, the financing balance of the Shanghai and Shenzhen stock markets has reached more than 1.11 trillion yuan, and the three brokerages that were heavily fined for suspending their financing business for three months accounted for 16.6% of the financing balance, which has become a certain influence on the market. pressure.

Fortunately, at present, it is only suspending the new account opening business of these three securities companies, rather than suspending all margin financing and securities lending businesses. Relatively speaking, the pressure on this aspect is relatively small.

However, for the current market, this is still considered a big negative, especially for brokers who are undergoing adjustments. At this moment, Gu Junhao finally understands why the continuous decline of brokers cannot be stopped at all.

"Cracking down on financing and controlling risks is naturally a good thing; however, cats have cats, and rats have tricks, hey." Gu Junhao said with some sighs, formal channels were banned, and illegal channels would naturally expand rapidly.

The regulatory level has actually paid attention to the risk of excessive financing, but some large funds have turned a blind eye for profit, and even deliberately expanded it. Among them, ordinary shareholders are naturally the ones who cause the most harm.

In addition to the bad news about cracking down on illegal financing, there are also big and small bad news for A shares this weekend. The regulators' intention to actively cool down the stock market is very obvious, and the trend in the stock market is naturally not much better.

On January 2015, 1, due to the heavy negative impact of the weekend, the Shanghai Composite Index fell short and opened at 19 points, a drop of 3189.73%. There will be a large area of ​​​​fall and stop tides.

The overall sector of securities companies fell by nearly 9% at the opening, and there were no individual stocks in the entire sector that fell by less than 8%.

Xibu Securities and Huanghe Securities held by Gu Junhao had a one-word drop limit, while some other large-cap stocks such as coal, aviation, electricity, real estate, and ports, etc., also had a large-scale drop limit. The plate is barely supporting.

The concept stocks with the Chinese prefix also opened with a sharp drop; CNR and Zhongguo Yizhong all opened with a drop of more than 5%, and Zhongguo Communication Construction even dropped 8.37%, and the stock price approached the limit.

Affected by the broader market, the ChiNext Index also opened sharply lower, reporting at 1608.25 points, down 1.95%. Yinzhijie opened at 58 yuan, down 3.34%. Fang Fortune opened at 59 yuan, up 7%.

Gu Junhao could think of adjustments, but he didn't expect the adjustments to be so drastic. It seems that the strict supervision of the Securities Regulatory Commission has scared some smart funds, and they are rushing away.

(End of this chapter)