Rebirth of the investment era

"Yeah!" Su Yu nodded and said, "What the current market actually lacks is a fire. As long as the market's investment sentiment and investment confidence are really ignited, with the valuation level that the market has suppressed for six or seven years, It’s easy to get out of a bull market.”

"I think so too." Li Meng said with a smile, "And... we can also clearly feel that the investment confidence of the vast investor group in the market has changed significantly recently. The bulls in the market have already taken over. advantage.”

"But to induce a big bull market, this expectation and emotion are not enough." Su Yu said.

Li Meng smiled softly and said: "So, this requires us to further open up the market space and maximize the profit-making effect and profit-making space of the two main lines of 'infrastructure' and 'military industry', so that you can induce this The fire of the bull market can really ignite."

"Besides, didn't you mean..."

Li Meng paused and then said: "The market regulators also hope to induce a bull market to alleviate the market liquidity dilemma, open up the direct financing channel of the stock market, and establish a solid foundation for the implementation of the 'registration system' planned in the future. From this perspective, once we create the emotional effect and the money-making effect, so that market investment confidence can significantly recover, the regulatory authorities should also help in terms of market news."

“In the second half of the year, there are many favorable policies to be implemented.”

"In addition to the possible interest rate cuts and reserve requirement ratio cuts by the central bank that you just mentioned, the official opening of the Shanghai-Hong Kong Stock Connect, the positive implementation of the 'New National Nine Articles', the further deepening of the reform and reorganization of central and state-owned enterprises, and even the construction of new free trade zones, new era silk The implementation of Lulu's development strategy... and other major benefits are all in the window period of continuous realization."

"Generally speaking, market expectations for the second half of the year should be much better than those for the first half of this year."

"Under such a change in expectations... it is entirely possible for the market to go bullish."

“I just don’t know, after we pull out the two main market trends of ‘infrastructure’ and ‘military industry’, whether the market investor group can form more and more consistent expectations in investing in the direction of the Shanghai Stock Exchange Main Board, and make decisions around the breakthrough of the Shanghai Stock Index. After all, if the various funds in the market have huge differences after this obvious rebound trend and are redistributed to the line of 'technological growth', then the pressure from above will become increasingly heavy. , if the Shanghai Stock Exchange Index wants to completely break through 2,500 points and create a higher space, I am afraid it will be difficult again."

Su Yu heard what Li Meng said and responded with a smile: "Although the long-term expectations for the 'technological growth' line are not bad, there are obvious flaws in the short- and medium-term expectations, that is, the internal chip structure is chaotic. , the position-holding institutions of all parties are competing against each other, and no one is willing to safely support the other party. At the same time, because there have always been too many institutions that are optimistic about this main line, and too many funds have gathered in it, the market valuation of this line has been reset. It has never come down, which has resulted in the performance growth of this line not keeping up with the changes in valuation."

"In other words, as of now, the line of 'technological growth'..."

“In most concept sectors, the performance growth rate fails to match the changes in valuation, that is, expectations are fulfilled and there is a possibility of failure.”

“These factors have directly led to the uncertainty of market outlook expectations in the ‘technological growth’ line.”

"With this kind of uncertainty, as its internal chip structure becomes increasingly chaotic, and the institutional groups holding positions are already competing against each other, in the short to medium term, even if 'infrastructure' and 'military industry' rebound, they will fall into a short-term turmoil. During the adjustment, the core main funds in the market will no longer choose to fully converge on the main line of 'technological growth'."

"In other words, for the line of 'technological growth', even if there is a market in the future, the market will definitely be in a differentiated form and cannot form a collective upward and independent breakthrough trend like last year and the second half of the year."

“So, I think there is absolutely no need to worry that the ‘technological growth’ line will continue to attract active capital groups on the Shanghai Stock Exchange.”

"Of course, the line of 'technological growth' still has considerable investment value and investment opportunities from a long-term perspective, but currently... it is far from the time to re-arrange the layout."

“In this offline investment strategy conference in Shanghai, many institutions have stated that the market will break through from the line of ‘technological growth’.”

"That is completely disrespectful of the actual trend changes in the market and the expected changes in emotions in all aspects, and weaved lies that feel good about themselves. Sure enough, now these guys have shot themselves in the foot. That is their own fault, and it is not worth it. pity."

After hearing Su Yu's analysis, Li Meng carefully thought about the investment logic and responded: "Performance growth cannot keep up with valuation performance, resulting in insufficient short-term and medium-term expectations for the 'technology growth' line, and many core stocks are expected to I still agree with the investment thinking logic that there is uncertainty in future growth. However, on the line of 'technological growth', there are expectations in several sectors and the logic of realizing expectations is still quite clear and clear. Intense.”

"For example, we are deploying in the field of 'Internet finance'."

"There is also the 'e-commerce' sector, which has just gained market sentiment and is far from expected to be implemented."

"These two sectors should continue to strengthen in the future, right?"

"What if the continued strength of these two sectors is used to regroup the expectations and sentiments of the 'technology growth' line? Will it have a diversion effect on the accumulation of active funds in the market breakthrough trend? This will lead to the differentiation of market expectations. ?”

Su Yu smiled and responded firmly: "No, 'Internet finance' and 'e-commerce' are two hot concept sectors. Although the current hype expectations are strong, and the good expectations have not yet come to fruition, upwards There is also strong emotional support, but these two sectors are too small and cannot support the entire 'technology growth' mainline market."

"If there are really funds to use this as a springboard to leverage the entire 'technological growth' main line..."

"The most it can do is delay the adjustment trend of rapid retracement and collapse of the main line of 'technological growth', but it cannot reverse the decline in the medium- and short-term trends."

"Moreover, the line of 'technological growth' has attracted a lot of funds from various sources recently."

"Now that the expectations have been disappointed and the market's main line broke through without choosing this outlet, it is very clear that funds from all walks of life are fleeing."

"Under such circumstances..."

"Not to mention that it can also divide market expectations and cause market funds to be diverted."

"It would be pretty good even if LeTV, the core leading stock that is the most bearish, does not lead the downward trend that leads to a big crash."

"The initiative in the market has returned to our hands for the time being..."

When Su Yu said this, his eyes were firm and his heart was full of pride: "Since the market has chosen to break through in the direction of the main market trend led by us, what we can do is to try our best to achieve the market height and success in conjunction with the favorable market expectations. The room for expectation ignites the flame of the bull market and maximizes the market's huge profits."

"It's okay to be prepared for danger in times of peace."

"But at this time, the hurricane of market sentiment has begun to take shape, and the bull market is about to begin. We don't need to worry too much."

"Okay!" Li Meng smiled and was very happy to see Su Yu's confidence.

She stared at Su Yu's slightly handsome face, and was completely infected by Su Yu's self-confidence. She once again flashed through her mind the stereotype of Su Yu in college, and suddenly found... sitting not far from her. The people here have already completed the transformation in temperament, and there is no trace of the past.

"Why are you looking at me like that?" Su Yu felt Li Meng's gaze and asked with a smile.

Li Meng chuckled lightly and replied: "Suddenly, I feel like... you have more and more of the temperament of those industry elders that I knew before."

"Wealth will enhance one's confidence and change one's temperament." Su Yu smiled, "This is called 'wealth nourishes people', haven't you heard of it?"

Li Meng shook his head and said with a smile: "I really haven't heard of it."

"Oh, by the way..." Su Yu paused for a while, then changed the subject, "I'm going to Hong Kong City tomorrow to discuss the joint investment in 'Sankuai Online' with Mr. Du from 'General Atlantic Capital'. of this project.”

"Has the 1 billion loan from Zhenhua Capital been received?" Li Meng asked, "So fast, I thought it would be the end of the month anyway."

Su Yu nodded and said, "If someone wants us to owe this favor, they will do it quickly."

"Yeah!" Li Meng responded, then asked, "How many days will we go?"

"You should be back on Monday!" Su Yu said, "Liang Bin has already taken care of the specific negotiations. I just went over to meet and sign a contract."

"Oh, yes, and..."

When Su Yu said this, he remembered another thing: "The decoration of the house I bought before should be almost completed. You can help me take a look tomorrow. If there is anything you are not satisfied with, let the decoration company and design team change it as soon as possible. It’s still too late to change things.”

"Shall I help you take a look?" Li Meng was stunned. "Didn't you leave it to Yu Ling to take care of the house?"

Su Yu said: "I'm not talking about the ones I took over from Pengyuan Real Estate, but the one I bought in Binjiang New City before."

"Oh!" Li Meng responded, "That's okay, I'll call Yu Ling to join us tomorrow."

The two chatted for a while. Li Meng realized that it was already late and the drama he was following had finished. He left his tablet on the coffee table and said "good night" to Su Yu. He was about to get up and go back to the bedroom to sleep, but he didn't want to sit down. It was too long, and when I stood up, my feet went numb and I fell to the ground.

Su Yu was sitting not far from Li Meng. Seeing this situation, he hurriedly moved forward to support him.

But he didn't want to hurriedly penetrate her breasts, which made both of them a little embarrassed for a moment.

After Li Meng took a shower, she changed into a suspender skirt. Although she was wearing underwear underneath, the feeling at that moment was still very obvious, and her heartbeat couldn't help but beat a lot faster.

In fact, the two of them have come so far, except that neither side has expressed their attitude.

In the eyes of others, and in the eyes of everyone in the company, they are no different from lovers.

"Sorry." Su Yu coughed lightly.

Li Meng sat back on the sofa, rubbed his numb calves, and said nonchalantly: "What time will your flight be tomorrow? If it's too early, there's no need for Delina to drive over here. I can just take you there."

"Okay!" Su Yu responded.

Later, when Li Meng saw that his legs were no longer so numb, he stood up and quickly entered the bedroom.

Lying on the bed in the bedroom, looking at the bright lights of the city outside through the bedroom window, Li Meng unconsciously thought of the scene just now in his mind, and his ears slowly began to turn red, and at the same time... his heart began to She was thinking wildly, wondering what Su Yu's specific thoughts were about her.

The two of them have been renting together for so long.

In fact, sometimes in her random thoughts, she still expected something to happen.

But if Su Yu didn't take the initiative, there was nothing she could do. At least...she felt that she couldn't take the initiative to take that step and bring the relationship between the two people closer.

"Hey, forget it, I don't want to think about it anymore!" The more Li Meng thought about it, the more he felt that he was not serious and hurriedly cut off the thought.

Su Yu didn't know Li Meng's inner activities, but he just felt that the other party seemed to care more and more about him. Of course... he also enjoyed this feeling and thought it was good. As for more, he didn't Think clearly about how to take that step to bring the two of you closer.

After all, he felt that the two were both friends and partners in the company.

Once the relationship is not good, it will be detrimental to both parties personally and to the current development of the company. In other words, there will be a lot of worries in the heart, resulting in slow action.

The two of them had their own thoughts, and they had a lot of random thoughts separated by a door in the bedroom.

Later, as it approached 10 o'clock in the evening, Su Yu continued to browse some important information in the market and browsed the stock forum topics for a while before going to bed.

The next morning, at around 7 o'clock, they both got up almost at the same time.

Li Meng made breakfast. After Su Yu finished washing, he ate a little, and then they both went out.

Li Meng drove Su Yu to the airport, and then went back to Shi Yuling's residence to pick him up and look at the house together. Su Yu, accompanied by assistants such as Dai Lingna and Li Xiaoling, as well as two department heads of the company's venture capital department, We boarded the plane together and boarded the plane to Hong Kong City.

At noon, the plane landed in Hong Kong City. Liang Bin and others were waiting at the airport.

Afterwards, under Liang Bin's arrangement, we had lunch and rested for a while. As dinner time approached in the afternoon, Mr. Du from Atlantic Capital met with Su Yu and other people from Yuhang Investment at the Peninsula Hotel.

"Mr. Su, I didn't expect you to be so young." At the dinner table, the tall and bald Mr. Du held Su Yu's hand with a smile, "Mr. Su is a legend in the domestic asset management industry, although I, Old Du Even though it's far away in Hong Kong City, it's still like thunder."