The Road to Rebirth Finance

Chapter 325 The Puzzling Junshi No. [-] Performance

This weekend, the central bank and other ten departments jointly released the guidance on Internet finance, which determined specific regulatory responsibilities and further regulated the current market chaos.

At the same time, it also encourages innovation, supports the steady development of Internet finance, and serves the real industry.

Among the ten departments, there is a department that was previously stationed in the China Securities Regulatory Commission to investigate malicious short selling.

Although the supervision has gradually become stricter, the current chaos remains.

In the short term, the guidance is somewhat negative for the Internet finance sector.

In the long run, it is this guiding intention that will lead to the rapid development of the industry in the next few years.

At the same time, in the later period, almost all Internet companies participated in it, leading to the emergence of famous sentences such as "the end point of Internet companies is XX", which also caused a lot of impact on society.

A certain department participated in the specific formulation of the plan, and it seems that something has been found out, that is, the use of illegal leveraged funds outside the market.

If there is no accident, Tong Huashun will soon usher in a wave of huge bad news, and even has the risk of being delisted for a time.

The stock market has turned from bullish to bearish, and off-market capital allocation is considered to be the culprit. The regulatory authorities' strict investigation on off-market capital allocation has already had preliminary results this week.

The first to bear the brunt was Hengsheng Electronics, whose HOMS system was accused of being the culprit of the sharp drop in A shares.

This Monday, the inspection force organized by the China Securities Regulatory Commission went to Hengsheng Electronics to verify relevant clues. Yesterday, Hengsheng Electronics announced that it would close the function of opening accounts in the HOMS system and would no longer increase capital for existing accounts.

From the perspective of stock price trend, Hengsheng Electronics has also been greatly affected. Yesterday and today, when the Shanghai and Shenzhen stock markets rebounded continuously, its stock price continued to drop by the limit.

The continuous price limit drop of Hengsheng Electronics is only the beginning of the inspection, and what should come will eventually come.

Following Tong Huashun and another Shanghai-listed company being filed and adjusted by the China Securities Regulatory Commission, the two companies are also facing the biggest crisis since their listing.

Being identified as the culprit of the stock market crash is extremely dangerous for a listed company. If it is not handled properly, the company will be pushed to the brink of delisting.

However, in the next few trading days, the performance of these two stocks was the same as usual, and they even rose with the upward trend of the index. By Thursday, July 7, the Shanghai index went out of the trend of six consecutive positives and rebounded to 23 points. bit above.

It has to be said that the reaction of ordinary investors is still much slower.

The Growth Enterprise Market Index also synchronized with the Shanghai Stock Exchange Index to go out of the trend of Liulianyang, and the stock index reported 2967.95 points, which is close to the integer number of 3000 points.

For the first time since the stock market crash, the Shanghai and Shenzhen stock markets did not crash on Thursday's statutory down day.

However, whenever the market improves, the media will spread some unfavorable news for the market; this Thursday, it is rare that there is no decline, but after the market closed, there was news about the reduction of shares held by China Securities Finance Corporation Limited in Yili.

Due to the hasty rescue of the city, a certain team has no plan to exit its funds, causing panic in the reduction of holdings. If Huijin really reduces its holdings this time, it may also be suspected of testing market sentiment.

If the market sentiment is stable, China Securities Finance Corporation may gradually sell some of the acquired stocks. Generally speaking, regardless of whether China Securities Finance Corporation really reduces its holdings, changes in the number of shares held in its account will eventually have a certain impact on market confidence .

In addition, the news in the evening shows that with the introduction of the bailout policy, the suspension of IPOs, refinancing, and the reduction of large and small holdings have been controlled, and the sentiment of retail investors has begun to break away from panic.

The latest data shows that the net inflow of A-share securities margins last week was 988 billion yuan. The latest weekly report of China Clearing and Clearing shows that the number of new investors last week exceeded 53, a month-on-month increase of 3.18%, and 64 new accounts participated in A-share transactions last week. The number of investors is 3000 million, accounting for 32.93% of the number of investors who have opened A-share accounts.

From the data point of view, after the panic period, investors began to have plans to gradually enter the market for trading, which is considered positive. However, from the perspective of the specific number of retail investors, the decline in the number of retail investors entering the market is very large compared to before.

On July 7, affected by the suspected reduction of holdings of securities companies and investors' re-entry into the market, the trading data was lower than expected. The Shanghai and Shenzhen stock markets ended their six-day trend this Friday, and both reported losses.

The two cities have both dived since entering the afternoon. The Shanghai Composite Index fell 1.29%, and the index barely guarded the 4000-point mark.

Today, Junshi No. [-]'s fund net value was released by Wang Ruoyu, and Xu Jianqing was transferred by Gu Junhao to build a position in Nvidia in the evening, and participated in the self-operated trading and engaged in the work of building a position in Nvidia.

There are some specific differences between the trading rules of rice stocks and A shares. The trading time is divided into summer time and winter time. From April to early November every year, the trading time is from 4:11 p.m. to 9:4 a.m. in China, which is the summer time period. .

The rest of the month is the winter time period, and the opening time is from 10:30 to 5:1 every night. The trading code is English abbreviated. There is no unit limit for trading, and the unit is [-] share.

The handling fee is calculated according to the number of transactions, the T0 trading system is implemented, and there is no price limit. When opening a securities account, you need to have a bank account function. If you deposit money into this account but do not buy stocks, the brokerage will pay the corresponding interest. , but a 10% tax will be withheld.

If you want to be tax-free, you can choose to automatically transfer to a short-term fund, and the brokerage will make profits on its behalf. In this regard, A-shares are similar to rice stocks.

Since last week, the foreign exchange of Junshi Capital has also arrived in the account, a total of 1900 million US dollars. According to the current exchange rate, it is about 1.2 million yuan. According to the plan of taking care of Junhao, the 1900 million US dollars will be studded to Nvidia .

After completing the position building, Nvidia expects to hold 100 million shares, which is not too much, but not too little.

Due to the difference in trading hours, he needed to work the night shift, and couldn't find a suitable candidate for a while, so Xu Jianqing temporarily needed to work the night shift to open positions for Nvidia.

Xu Jianqing is just a brick, and he can move it wherever he needs it. Although he has no experience in foreign stock trading, he just buys and buys. Xu Jianqing, who has professional knowledge, has no problem dealing with it.

Being able to buy 1900 million shares of Nvidia with this 100 million US dollars is Xu Jianqing's victory. As for how to do it, Gu Junhao doesn't care.

As for A-shares, although the fluctuations in the two markets in the past two weeks are still not small, the heavyweight stocks have no longer had the previous trend of daily limit. As of this Friday, the three heavyweight stocks held by Junshi No. The stock prices of Liquor Industry and Vanke A have not changed much.

Wuliangye closed at 27.54 yuan this Friday. Maotai Liquor, whose position rose to 1.1 lots after the bonus, closed at 219.21 yuan. It closed at 15.41 yuan.

The weight of the three pressure positions did not contribute much to the net worth of Junshi No. 5. After continuous adjustments, the profit of Maotai Liquor has only been [-]%. The net worth of Junshi No. [-] is provided by Yaogu Tellus.

Since the big turmoil in the sky and the floor, in the three trading days after the division, Tellus shares have once again stepped out of the three-link trend. This Monday, Tellus shares closed at 22.64 yuan.

In the following four trading days, the trend of Tellus shares, whose stock price has doubled since the rebound, began to slow down. There was no daily limit in the four trading days, and the final closing price was 25.35 yuan.

自7月9日以跌停价9.88元开盘的特力股份，12个交易日之内股价上涨高达156.57%，尽显妖股本色。

Yaogu Tellus has maintained the net worth of Junshi No. 31.22 very well. By the end of this week, the overall size of Junshi No. 6.2446 exceeded [-] billion yuan, and its net worth rate was as high as [-].

After the announcement of the net value, the insiders were also full of confusion about the performance of Junshi No. [-]. It is reasonable to say that the net value continued to rise this week. After all, the index rebounded from Liulianyang and has only slowed down today.

But last week, it experienced a limit-down of [-] shares, and the Junshi No. [-] business also maintained an upward trend, which is a bit incomprehensible.

The industry peers have no way of knowing the specific positions of Junshi No. [-], but the news that Gu Junhao was invited by the local Securities Regulatory Bureau to participate in the rescue has been widely spread in the industry, and it is nothing new.

Since it is a market rescue, according to the scale and size of Junshi No. [-], the buyers must be mainly weighted blue chips, and the trend of blue chips has not been satisfactory in the past two weeks.

"I really don't know how this kid operates. No matter how the market goes up or down, his fund has maintained a steady growth rate. It's outrageous."

"Couldn't this kid be doing a lot of T-shirts every day? In the recent big turmoil, doing T-shirts well is indeed a good way to make money."

As ordinary retail investors in Gu Junhao's fan group, they can't manage so many. As long as the net worth announced by Junshi No. [-] is still changing every week, most of them will participate in certain transactions.

As for making money, it varies from person to person; however, it has been more than a month since the stock market crashed, and even without Gu Junhao, most retail investors would not be able to resist entering the market.

For retail investors, it is more difficult to let them short positions than to lock them in. After they are locked in, retail investors will reduce their trading volume to a certain extent, but if they make a profit, they must not be able to control it.

Frequent useless and low-quality transactions are actually an important factor causing losses for ordinary retail investors.

On Saturday, China Securities Finance Corporation made a specific response to the media’s reduction of Yili shares: During the recent emergency operation process of China Securities Finance Corporation to buy stocks in the secondary market, the shareholding ratio of some stocks has reached or exceeded the total share capital of listed companies. 5%.

After the discovery, the excessive proportion of stocks has been transferred to the asset management plan account of the fund management company in time for management, and there is currently no plan to reduce holdings in the secondary market.

This can also be regarded as a response to Friday's sharp drop. After seeing that the stock market has not reduced its holdings, ordinary investors are relieved, but in the eyes of industry insiders and some investors who understand the rules, this is not the case.

The transfer is actually a different form of holding reduction. Besides, there is currently no plan to reduce holdings in the secondary market, which does not mean that there will be no future.

(End of this chapter)