The Road to Rebirth Finance

Chapter 320 Rescue

Throughout the history of A-shares, the stock market has always been accompanied by large-scale rescues, ranging from the 2 million yuan rescue of the Shenzhen Stock Exchange at the beginning of the opening of the Shanghai and Shenzhen stock markets, to the reduction of stamp duty in 2008 and the suspension of new shares.

But this time, following the 14-day slump, many companies chose to suspend trading in order to avoid risks.By the close of trading on July 7, the Shanghai Composite Index had fallen to 8 points, and the ChiNext Index had fallen to 3501.19 points.

As of today, the number of individual stocks suspended in the two cities has reached 1429, accounting for more than half of all listed companies. A shares have staged a historical spectacle of a thousand shares suspended.

Whether it is an old stockholder or a newcomer to the market, the performance of A shares since June 6th has refreshed their perceptions that stocks can fall so much, and trading can be suspended so casually.

A large-scale rescue of the market is imperative. In fact, starting from July 7, a series of rescue policies have been in full swing.

This includes the government starting to support the market, ordering brokers to directly inject capital to rescue the market and suspending IPOs.

Companies such as China Securities Finance Corporation have also obtained trillions of yuan in liquidity support from the banking system, becoming the main force to rescue the market; at the same time, the China Financial Exchange has continued to introduce measures to restrict the trading of stock index futures.

The God of Wealth supports state-owned financial companies to increase their holdings. At the same time, the State-owned Assets Supervision and Administration Commission also requires central enterprises not to reduce their holdings, and even forbids analysts to make negative comments. It is impossible to issue reports like Shenwan Hongyuan's before.

And a certain department even sent people to the brokerage firm to severely punish such actions as malicious Feng Kong.

In addition, there are two rescue measures by the China Securities Regulatory Commission. One is to restrict shareholders and executives of listed companies from reducing their shareholdings through the secondary market, and the other is to require major shareholders and executives who have already reduced their holdings to increase their holdings of stocks. Difficult times.

The China Insurance Regulatory Commission also responded to the call to rescue the market, encouraging insurance companies to invest in the stock market and raise their placards. In mid-July, insurance institutions continued to buy stocks and stock funds on a net basis, amounting to 7 billion yuan.This also laid a hidden danger for insurance funds to frequently raise their cards and slide towards "barbarians".

Everything seems to be destined.

On July 7, after the market closed, Gu Junhao said to the five traders who had returned to their positions: "How much have you bought? Have you completed all positions?"

"According to the boss's order, all the positions are almost ready, except for one stock that is still a little bit worse." Xu Jianqing said.

"If it's close, just continue buying tomorrow, build a position according to the plan, and then you will allocate funds in proportion to operate."

"Okay, I've got something to do, I'm happy." Xu Jianqing said with a grin, and the others also laughed when they saw what Xu Jianqing said.

To be honest, I came to work on the [-]st of this month, and I have nothing to do. The boss is not here, and I and others do not have the authority to open positions, so I just hang out in the company with nothing to do every day, and occasionally stare at the market.

Due to the huge social impact caused by the accident of CRRC retail investors, ZF began to rescue the market on July 7. Not only major institutions, but also some well-known retail investors and private equity institutions in the stock market were notified.

Although Junshi Capital currently has only about 35 billion yuan in operable funds including Junshi No. 35, the company's own funds, and Gu Junhao's personal funds, there are countless retail investors waiting and watching behind the [-] billion funds.

Since June 6th, the news of the liquidation of Junshi No. 15 has been widely spread in the market, and a series of subsequent stock market crashes have also proved Gu Junhao's judgment. Out of circle.

Under the background of the big bull market, it is not difficult to earn a large amount of profits with strength and luck, but the ability to escape the stock market disaster perfectly, and myself and the funds under it are unscathed, this ability is not something ordinary people can possess.

Gu Junhao, who was already well-known in the circle, perfectly escaped the stock market crash because of this coquettish operation, which also led to the rapid increase of fans of himself and the official account of Junshi Capital.

Under personal and official accounts, fans would come to check in every day, asking when the stock market crash would end, which made Li Xinyu, who helped Gu Junhao operate the account, dumbfounded.

According to the amount of funds of 35 billion yuan, Gu Junhao is not eligible to receive official attention, but his Junshi No. [-] net worth curve represents the confidence of a large number of retail investors. As long as Gu Junhao does not re-open positions for a day, this group of people will not enter the market.

So Gu Junhao also received a call from the local regulatory authority, implicitly hinting that he could buy some stocks, don't keep his funds at zero positions, at least make him look a little volatile.

Naturally, Gu Junhao couldn't refuse this kind of request. Although he knew that the price would continue to fall, he still had to buy it. Therefore, Gu Junhao also urgently ended his vacation and returned to Beicang on the morning of July 7.

After returning to Beicang, Gu Junhao didn't care about taking a break, and went directly to the company to start making arrangements for the opening of the warehouse on July 7. At this time, Xu Jianqing and others were already waiting in the trading room.

After receiving the call on the 4th, Gu Junhao had already informed Xu Jianqing and others that they would come to the company to work overtime on Sunday.

On the weekend, some left-behind staff of Junshi Capital were startled when they saw Gu Junhao suddenly appearing in the company; Xu Jianqing and five people came to the company to work overtime before, and they didn't think there was any problem.

It's a little different when the boss who is on vacation suddenly shows up at the company, and it's still on the weekend.

"Fuck, the boss came back suddenly. Is this the bottom of the stock market?" Everyone was thinking about Gu Junhao's intention for coming back, but they didn't dare to ask.

Not to mention, Gu Junhao asked Xu Jianqing to spread the word secretly in the company, and it still had some effect. Most of the company's employees who participated in the stock trading escaped the disaster, and the retracement was not very large, and they all kept their profits.

Only a very small number of people have a very large proportion of losses, and the losses are very serious; but there is no way to do this, and many people will continue to move forward even if they know the danger.

To say that the happiest people during the stock market crash were Junshi No. [-]'s customer group. Under the background of the big bull market, even if they invested in Gu Junhao's private equity fund, these people would buy some stocks individually.

The greed of human nature is incomprehensible. Even after learning of the liquidation of Junshi No. [-] and Junshi No. [-], some people will enter the market during the previous surge or after a sharp drop, wanting to buy the bottom.

The stock market crash kills all over the place, no matter whether it is retail investors or institutions, this part is no exception. Those who invest more will lose their minds, but fortunately, the income of Junshi No. [-] is still there.

The investors of Junshi No. [-] were not so lucky. Gu Junhao’s decision to liquidate early was a good thing and a bad thing to some extent. Some people took the profits from Junshi No. [-], Watching the rising stock market re-enter.

Once you have money, you will drift away. If you think your decision to invest in Junshi No. [-] is the behavior of a stock god, then the same is true for buying stocks yourself. Some people have even almost spit out all the profits they got from Junshi No. [-]. .

To be honest, July is not a good opportunity to build a position. Deleveraging cannot be completed in just half a month, and it has entered a technical bear market. The confidence of investors in the two cities has been seriously hit. The rebound still has certain expectations.

Not to mention that there will be circuit breakers in the future, even in August and September, there will be a round of sharp drops. The current 3500 to 3600 points are not the lowest point of this round of the market at all.

If you really want to build a large-scale position, at least you have to wait until the confidence of this group of new investors is completely wiped out.

However, since he was hinted by the local supervision department to enter the market, it is impossible for Gu Junhao to respond without any response. The example of the old head Xu is there. Although this guy has behaved normally recently, he has not had a few months of happy days.

There are various rumors in the gossip, and there are also rumors that this round of old Xu made money he shouldn't have earned, and cut off a certain team's rescue funds. The specific reason is unknown, but Gu Junhao dare not mess around anyway.

Gu Junhao also has his own idea of ​​building a position knowing that it will continue to fall, which is to buy some stocks that did not rise or fall much in 2015 and the industrial chain of emerging industries that will explode in the future.

The first phase of Junshi Capital’s self-operated market has also been established. It buys from personal accounts, funds and company’s self-operated market in all directions.

Any of your transactions can be seen by the upper management, and all-round investment can leave a better impression, and it will be more convenient to do things in the future.

In addition to these, in order not to affect the fund, Gu Junhao also specially selected a monster stock that was very famous in 2015. It was this monster stock that Xu Jianqing said had not completed the position opening.

The historical trajectory is still the same, and this monster stock whose stock price is similar to that of the previous life will most likely maintain the trend of continuing to be a monster.

As long as he continues to be a monster, the random decline of other stocks will not affect the specific income of Junshi No. [-]. This kind of opportunistic behavior is also a last resort for Gu Junhao.

It is absolutely necessary to enter the market, but the interests of customers cannot be greatly damaged. Holding the customer's money means being responsible to the customer, especially when everyone has suffered serious losses recently.

The customer groups of the two funds are concentrated to a certain extent. Although the Junshi No. [-] VIP customer group has been disbanded, Gu Junhao also knows from the Junshi No. [-] customer group that everyone has vomited blood recently.

Even Gu Junhao has received many calls from clients of Junshi No. [-], hoping that Junshi No. [-] will end the closed period sooner, and then apply for Junshi No. [-] fund again.

For Junshi No. [-], Gu Junhao did not plan to liquidate it like Junshi No. [-]. After the closed period, it will enter the ex-rights process, and then open the normal purchase and redemption channels.

In this way, a group of old customers will go out, and a group of new customers will come in, just like public funds.

(End of this chapter)