The Road to Rebirth Finance

Chapter 368 Acquisition Completion
After Shen Boyu got a clear answer from Gu Junhao, the merger and acquisition work officially started, and in the following week, the progress of the merger and acquisition progressed in an orderly manner.

At the same time, in terms of human resources, the company is also preparing for a new batch of traders, who are suitable for public funds, in preparation for the completion of the merger.

In the first stage, the main reason was not to expand external recruitment immediately, but to use the company's internal competitive recruitment method. Since Gu Junhao learned that some employees in the company were looking forward to transferring to the fund business department, he had this plan.

The news of the merger and acquisition has not spread within the company, and the internal competition is also carried out in the name of issuing new funds, and there are not a few applicants.

However, most of them are not very qualified. The requirements for public funds are stricter than those for private funds, at least they cannot speculate in private stocks.

On this point, no matter what others do in private, Gu Junhao still wants to strictly enforce it, and there must be no mouse warehouses.

As for the venue, Gu Junhao had already figured it out. It was the original trading room, which was still maintained at this time, and it could continue to be used only by a simple redecoration, so as to isolate it from the private equity business.

On this day, Gu Junhao called Liu Tingting to the office.

"Boss, what do you want me for?" Liu Tingting said carelessly after entering, and then greeted Li Xinyu.

"How are the stocks doing recently?" Gu Junhao asked casually.

This week, many mergers and acquisitions required him to come forward in person. Gu Junhao spent less time in the company, and his attention to stocks has also decreased a lot.

"It's not bad. Junshi No. [-]'s position is not bad, but the self-operated market has not been doing well recently, and the signs of adjustment are obvious."

"Okay then, what are your thoughts on the operation of the self-operated market?"

"What ideas can I have? Isn't it all about operating stocks? Boss, what do you want me to do?"

"You should be a little bit windy about the company's recent actions. Do you have any thoughts on work?"

"What do you mean? Is it a new fund? The boss is going to transfer it to the new fund?" Liu Tingting was taken aback for a moment, then said.

"To be precise, we are acquiring a public offering fund, and we are close to signing a contract. I want to transfer yours to the new fund and be my assistant. Do you have any ideas?"

The change between private placement and public placement is still relatively large. Liu Tingting is not as careless as Xu Jianqing. Girls are still more sensitive in their hearts. Big changes still require her own consent?
"Ah? Public offering fund? I thought it was a new fund. Boss, are you playing so big? What about the current Junshi No. [-]?" Liu Tingting said in surprise.

What Liu Tingting said is that at present, public fund managers cannot concurrently serve as private fund managers. This is still not allowed at present. It will not be until 2020 that public fund management and private fund management will officially start to operate.

Strictly speaking, Gu Junhao's status in Junshi No. [-] cannot be called a fund manager but an investment manager.

In the industry, managers of public funds are generally referred to as fund managers, while private fund managers are called investment managers, and the corresponding customer groups served are different.

"I will solve this. I will ask you if you have any ideas. I will be transferred to a public fund to be my assistant."

"Of course it's no problem, thank you boss." Liu Tingting said happily after recovering. There is still a clear difference in the status of public offerings and private placements. The boss is supporting her.

"It's good that there is no problem. You can start preparing later and be ready to work in the new fund at any time, but it's not so fast yet, so you don't have to worry too much."

"Haha, I know, but boss, Junshi No. [-], you said you can solve it, what about your personal account, isn't it a waste of money to increase your position?"

"Yeah, it's for nothing. Who knew Director Shen was so efficient." Gu Junhao also sighed.

"Boss, do you want to clear the warehouse? I can do it for you, so I don't need to trouble you." Liu Tingting continued.

"No, just transfer it to the self-operated market at that time, and buy the shares in my hand according to the stock price on the day of the transfer."

Anyway, it's his own company, so it doesn't matter whether the personal account or the company's account holds positions. Gu Junhao knew that Longji shares were destined to be separated from him when he officially decided to buy.

In the future, I will no longer have a private account, and even Zhang Yiru and Zhang Mingde and his wife will be subject to a series of supervision.

In fact, in principle, fund practitioners are not absolutely restricted from securities investment. According to the newly revised Fund Law in 2013, the restrictions on securities investment by fund practitioners were also relaxed for the first time.

Article No. 18 of the Fund Law stipulates that if a fund manager engages in securities investment by other practitioners, including himself, his spouse and interested parties, he shall report to the fund manager in advance.

In addition, there must be no conflict of interest with fund share holders, but the process is too troublesome, and how to define it is also a problem, so Gu Junhao still doesn't want to mess with it.

The best way is to transfer the shares held in the personal account to the self-operated market. Stock trading is still possible, but the identity of the individual has been changed to a company.

As for the position of Junshi No. [-] fund manager, Gu Junhao has already discussed with Wang Ruoyu. After the official acquisition of the public fund is completed, Gu Junhao will step down from his position and Wang Ruoyu will be the manager of Junshi No. [-] fund.

As for investors, some important investors Gu Junhao has already communicated in private. Resignation does not mean that Junshi No. [-] is ignored, and he is still the founder and shareholder of Junshi Capital.

Most of the investors are in the market, so they naturally understand how to avoid the rules. As long as Junshi No. [-] can maintain a stable income in the future, it doesn't matter who is the fund manager.

What's more, Junshi No. [-] will open a redemption channel every quarter in the future. If you are not satisfied, you have time to stop the redemption without any loss of benefits.

The new public offering fund will be re-registered with a company, with Gu Junhao as the fund manager, and will be separated from the current subject in a legal sense.

Although doing so will still be criticized by some people, as long as the performance of the two funds can be stable and upward, and maintain a certain degree of fairness and justice, there is naturally no need to be afraid.

The most important thing is to obtain the approval of the regulatory level, but Gu Junhao has already taken care of this aspect. Since the last time he took the initiative to rescue the market, Gu Junhao has established contact with the local regulatory authorities.

What's more, there are quite a few fund managers who have transformed from public equity to private equity, but it is rare to see a fund manager who has transformed from private equity to public equity. Gu Junhao's behavior can be regarded as positive energy to a certain extent.

As long as the rules allow, Gu Junhao's behavior is acquiesced, and even some regulations will give some green lights, so there is a reason why someone above is easy to handle.

Wang Ruoyu will be the fund manager of Junshi No. [-], Liu Tingting will act as his assistant, and Xu Jianqing's work will also undergo some changes. The daily work of the camp.

At the same time, Xu Jianqing no longer has to live a life of upside-down day and night, and no longer needs to trade in person. He only needs to issue a series of instructions to the traders. However, the work is still harder than ordinary people. There are overnight rice stocks to pay attention to.

It is worth mentioning that since the opening of the position before the Spring Festival, plus a few trading days after the next year, Nvidia's position opening work has also been completely completed.

1.6 million US dollars plus part of the account operation income, a total of 615 million shares were bought, plus the original 100 million share position, Junshi currently holds 715 million shares of Nvidia in its own trading, and the position turnover has risen to 25.035 US dollars.

After a week of trading, Nvidia's stock price has risen to US$2 today based on the sharp jump on February 18. In the early stage, Gu Junhao's bottom-buying of less than 31.5 yuan has made a lot of profit.

Although during the few days of the Chinese New Year, the fall was quite miserable. Nvidia’s stock price fell below $25 at one point. At that time, the account’s intraday floating losses were very serious.

The Shanghai and Shenzhen stock markets have rebounded since the Dayang line on February 2, and lasted for six trading days. The Shanghai Composite Index rebounded from below 16 points to 2700 points, with a rebound rate of nearly 2933.96%.

However, with the index at 3000 points, the Shanghai Composite Index is still under pressure, and has been unable to break through for three consecutive trading days.

On Thursday, February 2, the Shanghai and Shenzhen stock markets once again experienced another sharp drop since January 25. The Shanghai Composite Index fell 1% throughout the day, and the index returned to around 26 points, reporting 6.41 points.

The Entrepreneurship Index fell by 166.60 points, a drop of 7.56%, to close at 2037.14 points. On the trading surface, all sectors in the two cities once again sold out, and the limit-down stocks once again reached more than 1200
Once again, there are only 10 stocks left with daily limit, more than half of which are sub-new stocks that have not yet opened. They swallowed up the rebound of the market for seven consecutive trading days in one day, and at the same time gave the small and medium-sized companies that are being acquired The fatal blow of the hybrid growth select fund.

The continuous rebound in the market has given the fund manager who is still operating this fund a glimmer of fantasy. At present, he can be said to be the biggest resistance to acquisitions at the moment. For the sake of career, who would not want to make a last-ditch effort.

Although the real controller wants to sell, who doesn't want to hold on or sell at a better price? The rebound in the past few days, coupled with the constant agitation of the fund manager, made him have a little fantasy.

Negotiations are dragging on here, and if the overall scale rebounds over there again, maybe there is no need to sell.

Today's sharp drop engulfed almost all of the rebound in February. The intermittent redemption since the rebound and today's plunge have brought the overall size of the small and medium-cap selection down to less than 7000 million yuan for the first time.

So far, the last resistance of Junshi Capital's acquisition has been completely eliminated, and the progress of negotiations that had been somewhat stagnant before has begun to speed up. If it is not sold, it may be thrown into its own hands~

(End of this chapter)