The Road to Rebirth Finance

Chapter 421

"It's no wonder Gree has soared these days. I thought what was going on." Gu Junhao said a little funny.

格力股价自11月17日的22.24元涨至11月28日的28.47元价位，涨幅高达28%，其间还有一个涨停。

After the 28th, Gree resolutely applied to the Shenzhen Stock Exchange for a trading suspension on the grounds that its share price had increased by 28% and its turnover was as high as 32%.

Note that this is not a mandatory suspension by the Shenzhen Stock Exchange, but a suspension that Gree voluntarily applied for.

Even if it is to crack down on hype, there are certain privileges for blue-chip white horse stocks. Gree's initiative to apply for a trading suspension also shows that they are also very surprised by the abnormality of the stock price.

The announcement on the 30th explained the reason for the abnormal stock price.

"It's just trying to kill you. Nanbo Company A's popularity is so-so. It's fine to bully others, but they actually want to hunt Gree."

Ms. Dong is not a person full of black spots like the old Wangtou, who can be bullied and manipulated at will.

Although there are often ridicules about her on the Internet, her life has no black spots in front of the public. On the contrary, she is very inspirational.

A female stream, with ordinary birth and low education level, not only did she not give up on herself after the divorce, on the contrary, she achieved a legendary life through hard work.

The company is also operating exceptionally well. As a listed public company, Gree shares are worthy of shareholders for its annual dividends.

Besides, Gree's shareholding structure is relatively simple, and the local SASAC will not let the golden job in its hand be snatched by Baoneng.

This has not reached the first time to raise a card, Gree quickly reacted, this is enough to ensure that he can drink a pot.

Wanke's vortex was not resolved, and he jumped into a bigger pit. The insurance capital has really drifted a lot this year.

Since the beginning of this year, a series of insurance funds led by Baoneng have used more than 1500 billion yuan in listed companies, involving more than 20 listed companies.

Such arrogant behavior, coupled with the involvement of such a well-known and outstanding company as Gree, the good times are coming to an end.

Gu Junhao felt more and more that his decision to clear Vanke in time this month was correct.

Today is the end of the month, and Gu Junhao still has to come to the company routinely to see if there are any important matters to be dealt with at the end of the month.

Normally, when Gu Junhao is not around, it doesn't actually affect the company's operation. Li Xinyu, the assistant, can help with some minor matters.

Usually there are any documents that Li Xinyu can't decide, and they will be sent to the house, and the driver will send them over after they are signed.

It is worth mentioning that with the expansion of the company's business, the little secretary also has his own secretarial team and has been upgraded to the director of the chairman's office.

On December 12, Gree, which suspended trading for two trading days and issued an announcement, resumed trading on the same day.

Gree, which is the focus of the market, opened high and went high. The stock price hit the highest limit price of 31.32 yuan, and finally rose 7.45% to 30.59 yuan.

On that day, Gree recorded a turnover of 146.1 billion yuan, with a turnover rate as high as 7.95%.

Ordinary investors are reveling, thinking that it is the next Vanke, but they don't know that the risk has come.

With today's transaction volume and turnover rate, if Baoneng continues to buy, its shareholding ratio must have exceeded 5%.

However, do you really dare to guarantee the continuous negative news?Stock prices provide the answer.

On December 12, Friday, the last trading day of this week, Gree plunged 2%. At that time, the turnover was 5.98 billion yuan, and the turnover rate was still as high as 93.5%.

For two consecutive days, Gree did not issue an announcement to maintain its shareholding of more than 5%.

Judging from the transaction volume and turnover rate, Gu Junhao even felt that Bao Neng was running away.

On December 12, Saturday, at the regular weekend press conference of the China Securities Regulatory Commission, the China Securities Regulatory Commission publicly criticized insurance companies led by Baoneng.

Accusing them of engaging in leveraged buyouts with ill-sourced money, they went from strangers at the door to savages to bandits of the industry.

In the face of public accusations from the same level, the Insurance Regulatory Commission, as the insurance supervision department, couldn't sit still. Not long after the press conference, it issued a document saying: Insurance companies' arbitrage behaviors that bypass supervision are strictly speaking crimes!

The overdue regulation has finally arrived. This weekend, for insurance companies like Baoneng, Anbang, and Daidai, it can be said that they have suffered several big blows.

And on Sunday, it was even reported that the management department of the former largest shareholder of Vanke strictly ordered it not to freely express its position on the Vanke incident without consent.

Monday, May 12.

On the first working day of this week, a series of management and control policies for the entry of insurance funds into the market came out, which can be described as quite fast.

The China Insurance Regulatory Commission issued a regulatory letter to the Baoneng Department, requiring it to stop carrying out universal insurance ottl. At the same time, it also suspended the Internet insurance business of six insurance companies including Baoneng, Anbang, and Daidaijia.

On the same day, Gree shares gapped and opened sharply lower by 6.12%. The stock price fell by the limit on the day and closed at 25.88 yuan. The trading volume has slightly increased compared with the previous day of sharp drop, reaching 95 billion yuan.

Vanke A also gapped and opened low, falling 3.59%. The blue-chip stocks that were dragged down by emotions fell in a large area, causing the Shanghai Composite Index to also open low and fall by 1.21%.

From a technical point of view, the Shanghai Composite Index has left a high downward jump gap; this gap also means that the market in 2016 has come to an end.

The principle of jumping down from a high position and running quickly, unfortunately Gu Junhao can't do it now, public offering funds are not allowed to take short positions.

However, Gu Junhao still decided to keep the position at the minimum requirement, that is, 65% of the position, and reduce all holdings except the liquor sector.

The reason why the liquor sector did not reduce its position is because the performance in the past two months has been too good. It has stepped out of the upward trend of the monthly line for two consecutive months, and it has not deviated from the position of the monthly line on the [-]th line.

Today is also the most resistant sector on the market, and the decline is much smaller than that of some other blue chip stocks.

Gree's lower limit and Vanke's sharp drop today, the biggest blow is the concept of raising placards.

Gree's after-hours Dragon and Tiger list shows that the seats of the three major institutions were sold today, and the seats of the five major institutions were sold for a total of more than 7.3 million yuan.

However, the seats for buying are also strong. The five major buying seats headed by Shenzhen Stock Connect have a total purchase of 10.75 billion yuan.

Although the stock price fell by the limit today, the net difference between buying and selling on the Gree Dragon and Tiger List was a positive 3.4 million yuan.

The sharp drop for two consecutive trading days, from the comparison of the seats on the Dragon and Tiger List on November 11 with today's seats, there is a high probability that the position is guaranteed to be liquidated or a large amount of lightening up.

The old Wang struggled for a year but failed to drive Bao Neng away. As soon as Ms. Dong talked about it, Bao Neng had to run away obediently.

It can be seen that the importance of standing upright.

Due to the large purchases by Shenzhen Stock Connect and other institutions, Gree's stock price soon began to stabilize, and there were rumors in the market that Baoneng might have liquidated Gree's holdings.

The suspension of many of its insurance products is a fatal blow to Baoneng, which has a high leverage ratio, and it is inevitable for Gree to clear its warehouse and return funds.

A wave of fast forward and fast forward, Baoneng seems to have done a short-term transaction in Gree shares. The profit is a little bit, but not much. Judging from his cost and recent trends, it is about 10 % to 15%.

However, the impact on Baoneng is huge. It can be said that buying Gree is definitely a big failure, and it is not an exaggeration to say that it is the last straw that crushes Baoneng.

However, judging from the direction of insurance capital this year, it can also be seen that insurance capital is optimistic about the market of blue-chip white horse stocks.

You can doubt their character, but you can't doubt their vision.

But it is a pity that the current ordinary investors are not aware of this, and are still willing to participate in the speculation among small and medium-sized entrepreneurial stocks.

In the past year, 1500 billion insurance funds have entered the A-share market to promote blue-chip white horse stocks. The meaning behind it is ultimately profit-oriented.

If you can analyze the significance of risk capital entering the game at this time, it would be a good opportunity to buy bottoms.

Different from Gree's fast and stable stock price trend, Vanke, which is deeply involved in Baoneng and Belt, is not so lucky.

The belt didn't dare to buy right now, and Vanke, which had lost the support of large funds, saw its stock price fall all the way, and soon fell below the trend line.

On December 12th, Sunday, 18 hours before the opening of the market, Vanke made a sudden announcement, which dealt a fatal blow to the stock price.

The management of Vanke and Shenzhen Railway Group, which have been in the process of reorganization negotiations, have not obtained the approval of some major shareholders for the reorganization plan, and it is difficult to hold a shareholders meeting within the specified time. With the approval of the board of directors, the company will terminate the reorganization with Shenzhen Railway Group.

The sudden termination of the reorganization stunned a series of shareholders who held Vanke.

At the close of trading on the 16th of this Friday, Vanke closed at 22.46 yuan, and the stock price has fallen below the belt's holding cost of 23.35 yuan.

At the opening of the market on the 19th, Vanke opened low and moved low, falling 6.36%, and then fell again 3.65% the next day, and the stock price closed at 20.33 yuan.

In the two trading days, it almost ate a lower limit, and the loss rate of the belt also reached 14.85%.

The sudden termination of reorganization and the silence of capital from all parties have caused heavy losses to the stock price. In addition to the recent poor performance of the broader market, most of the blue chip stocks are in the process of adjustment except for the liquor sector.

As of the close on the 20th, the Shanghai Composite Index has fallen from 3250 points on the first trading day of this month to 3102.88 points at today's close.

It is almost the end of the month, and the index has fallen by nearly 5%. There is no profitable market throughout the month. The Federal Reserve raises interest rates and the black swan in Europe.

In addition, a series of new policies after the new talker on the other side took office have caused great fluctuations in the global market.

The poor investment environment once again hangs over A-share investors.

In the eight trading days after the 20th, A-shares still performed poorly. The Shanghai Composite Index barely held on to 8 points throughout the month, reporting 3100 points, a monthly drop of 3103.64%.

The GEM index, which is used to ups and downs, is even more unbearable. Whenever there is a major change, the first to plummet must be the small and medium-sized enterprises.

This month, the GEM index fell 10.12%, and the index fell below 2000 points to 1962.06 points.

Vanke fell 23.83% this month, and its stock price closed at 20.55 yuan, a heavy loss.

Similarly, although Baoneng has been driven out of the game, Gree's stock price has also suffered heavy losses this month, falling 13.52% throughout the month, and the stock price returned to 24.62 yuan.

(End of this chapter)