My Fintech Empire
Chapter 907 [The scale of over-subscription that shocked everyone]
The rate of return without restoration of rights has reached as much as 62 times. If the return of rights is based on the return, it has reached +18208.83%, which is more than 182 times of return. In other words, before the backdoor listing of Quantitative Capital, there were investors lurking inside and I have been holding it so far, and if I bought it for 10,000 yuan, I already have 1.82 million.
Investors have also discovered that not only the stock of Quantitative Capital, but also the concept stocks of Qunxing are going very strong, basically all have an upward trend, and most of the targets have reached all-time highs.
In other words, Xingyu Technology, the largest company, has not yet reached a new historical high.
Investors who were belatedly realized that the stock trend of Qunxing was really beautiful. The market index has been declining in recent years, but individual stocks of Qunxing have gone out of their own way.
Many investors secretly slapped their thighs with regret, saying that if they had known it earlier, they would have chosen a group of stocks, waited for the stock price to plummet, and then invested in a heavy position to lie down, and they could easily double their profits.
Moreover, any stock in Galaxy will do. As long as you buy it, you will make a profit. The difference is just a matter of making more or less.
If you can buy individual stocks such as Yixing Video and Quantitative Capital, you can earn several times your profit. And if you successfully lurk in and hold these stocks before they are listed on the backdoor market, you can gain wealth and freedom.
On Wednesday, January 7, Quantitative Capital closed up again by +3.83% that day. The stock price hit a record high of 477.46 yuan during the session, and closed at 473.37 yuan after the market. The market value also rose to 661.7 billion.
Today, the stock failed to achieve entry into the third and fourth boards, but the trading volume for the entire day was a huge 18.8 billion, and it still showed a trend of heavy volume and stagnation. This volume also made many profit-making funds feel risky and chose to cash in their profits. .
It happened to be today that several major market makers such as Perennial Capital also began to sell chips. The heavy selling pressure also prevented the stock from hitting the daily limit today.
This is the time to suppress the stock price, and the bulls are no longer strong.
The next day, at the opening of trading on Thursday, January 8, Bell Tai Capital also began to sell chips. Short sellers began to exert their strength and took advantage of the market. Quantitative Capital's stock price could no longer hold up and began to fall. Funds with the first mover advantage Started to flee, leaving those who entered today in a mess in the wind.
After the close, Quantitative Capital fell sharply by -6.29%, with the stock price falling back to 443.60 yuan. Today's trading volume exceeded the 20 billion mark.
The market index also entered an adjustment today, closing down -2.39%. The Shanghai Stock Exchange Index fell below the 3,300-point mark and fell back to 3,293.46 points.
…
In the afternoon, stay in the villa quietly.
At this moment, Fang Hong was looking at a piece of information sent by Tian Jiayi, which was a report on wealth funds.
"The first phase of fund raising has been completed as scheduled. The final data shows that the first phase of the fund raising plan has been oversubscribed by 7.19 trillion yuan, and the number of household subscriptions has reached 8.28 million households. The average subscription amount for a single family It's 868,300 yuan." When Tian Jiayi read out these numbers, his pretty face was full of exclamation.
After a while, Tian Jiayi couldn't help but add: "I still underestimated your appeal among the people."
Fang Hong, who was reading the document, glanced at the beautiful assistant and said with a smile, "Did you underestimate it?"
The scale of the plan to raise 2 trillion yuan is quite exaggerated. I didn’t expect that the final figure would be 7.19 trillion yuan, and there would be 5.19 trillion yuan of funds to accompany it. Moreover, it was completed in such a short period of time. This appeal is unprecedented. It is also completely unprecedented.
Fang Hong turned over a page of the document report and looked at the number of loans. The material data showed that the proportion of loan data accounted for 62%, that is, 4,457.8 billion of the funds were loans.
However, the amount of this loan has not yet been loaned out. It is just an expected number, because there will be a lottery process next. If you want a loan after winning the lottery, a formal loan contract will be signed at this time, and the financial institution will release the loan funds. .
And those who accompany the runner will not be able to get a loan if they fail to win the lottery, and banks will not dare to lend money to them. If they take a loan or invest it themselves, or do something else, they will not have a full mortgage. The risk exposure is frighteningly large, and if you can't pay it back then it will be a bad debt, and the bank will definitely not dare to do so.
The loans of those who won the lottery did not have sufficient collateral, but the bank could lend the money with confidence because the money would not actually flow into the hands of the lender, but directly into the management account of the wealth fund. It doesn't go through the hands of the lender, it only needs to be signed, so you don't have to worry about the lender getting the money to do other things.
Behind the wealth fund is Stars Capital. With the credit endorsement of this non-bank financial giant and its strong ability to protect the bottom line, banks are naturally super reassured. Who in the industry today doesn’t know that Stars Capital’s credit is as good as gold?
It's almost as good as the credit of national debt. Anyone can default on it, but Stars Capital cannot default on it. This is the consensus in the industry.
The first phase of raising funds is 2 trillion yuan, and based on a loan ratio of 62%, the bank will generate 1.24 trillion yuan in loans.
At the end, Fang Hong closed the material report and said concisely and concisely: "Follow the process and draw lots tomorrow."
…
The next day, Friday January 9th.
On the last trading day of this week, the A-share market opened lower and fluctuated in early trading, consolidating under water by -0.6 percentage points.
At around 11 o'clock, the wealth management fund under Qunxing Capital issued an announcement, disclosing the first phase of fund raising. The over-subscription scale reached 7.19 trillion, the number of households subscribing reached 8.28 million, and the average subscription for a single family The amount reached 868,300 yuan.
Not long after this news came out, the capital market began to react. The market index, which was originally fluctuating underwater, began to rise rapidly, and successfully turned red and rose when the market closed at 11:30.
The announcement data disclosed by the wealth fund caused a huge sensation in the capital market. Everyone in the industry was stunned when they saw the data, and their jaws dropped to the ground.
That's 7.19 trillion, not 719 million.
We all know that Fang Hong’s appeal cannot be underestimated, and we all know that the funds raised by the Wealth Fund this time will be oversubscribed. We have tried our best to overestimate it, but we never expected that it was still underestimated, and seriously underestimated.
Looking at the whole country, no financial institution has such terrifying appeal when launching fund-raising. Once again, everyone deeply feels the energy of Qunxing Capital, and also deeply feels Fang Hong’s terrifying market appeal now.
Money, indeed, always flows to those who are not short of it.
The reason why everyone is willing and confident to take so much money, and even dare to lend money to wealth funds for management, is not only profitable, but more importantly, undoubtedly the excellent reputation, credit support and recognition Fang Hong has accumulated over the years. his earning power.
Everyone believed that Fang Hong would not cheat them of their money, and everyone also believed that Fang Hong's ability could help them make money, so they were naturally willing to hand over the money to the wealth fund to take care of it, and they were scrambling to do so.
People in the real estate industry exclaimed when they saw these astronomical figures: Who said everyone has no money to buy a house? Are you guys holding back your money and not buying a house?
As time went by, at 13:00 in the afternoon, the A-share market opened in the afternoon. Stimulated by this news, the market index rose all the way. At the same time, the market was also looking forward to the 2014 economic data to be released today.
At 14:16 at the end of the trading day, major market software pushed messages:
[The Shanghai Stock Index rose by 3.35%, standing above the 3,400-point mark, continuing to hit new highs. The turnover of the two cities exceeded 700 billion yuan. 】
…
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