The investment era of rebirth

Chapter 414 Let’s profit from the secondary market!

Seeing that Su Yu was still confident, Li Meng smiled and said, "At this time, there are probably very few investors who are as optimistic as you in the market."

"What's the saying?" Su Yu said with a smile, "The truth is always in the hands of a few people."

Li Meng nodded and continued: "Sure enough, the 28/20 rule of the market is valid no matter what the circumstances. If we go back to 3 days ago, who would have thought that the market would be in the next two trading days?

, will this be the trend? The market turnover has exceeded 170 billion for two consecutive days."

"This location..."

Li Meng paused and continued: "Under this sharp decline and correction, there is a lot of money buried deep, and the index has once again been suppressed below 2,500 points. I am afraid that it will cause pressure on the 2,500 points among the majority of investors in the market.

We have a clearer understanding, so... next time the market reverses, it will be even more difficult to break through 2,500 points."

"The so-called 'pressure level' is meant to be broken." Su Yu responded, "As long as the fundamentals of the market continue to improve and future investment expectations continue to increase, then there is no such thing as a 'pressure level' in the market.

, On the contrary, this time... when the market's short-term expectations and long-term expectations conflict, it is an excellent opportunity to participate in transactions."

"Don't worry..."

Su Yu continued with a smile: "Looking at the attitude of the regulators in releasing the news, they are still extremely careful to protect the market and try their best to ensure the implementation of the policy and have the smallest impact on the market. This shows that from the perspective of the regulators

, they are still extremely eager for the market to become active and generate a sustained market to solve the problem of IPO barrier lakes."

"As long as the regulatory authorities' attitude towards the market has not changed, they will still fully encourage and protect the market."

"Then, it can be foreseen that when the market experiences large fluctuations, bullish sentiment declines rapidly, and market confidence is severely lacking, they will most likely introduce some new policies and methods to boost market confidence and enhance everyone's expectations for the future.

Investment expectations will offset the blood-sucking effect of the IPO restart on the market."

Hearing Su Yu's words, Li Meng's heart skipped a beat, and he was slightly shocked and said: "You mean... there is a high probability that in the near future, regulators will release some relatively major supporting good news to hedge against the resumption of IPOs in the market.

The negative impact caused?"

"If you want to quickly restore market confidence and further enhance the market's long sentiment and expectations, this is undoubtedly the best way." Su Yu said, "More and more excellent domestic companies are blocked from financing and have to choose

In the context of overseas listings, in order to revitalize direct financing channels in the market and solve the long-standing IPO barrier lake problem, the restart of the market IPO is inevitable."

"Based on the current sluggish investment sentiment in the market and lack of market liquidity."

"If the market is not heated up and the existing market investment ecology is not changed, then... even if the IPO market is restarted, there will not be that much market capital to undertake the issuance of new shares."

"When the time comes, if we continue to issue it regardless, we will only end up in the same situation as before."

"That is to say, new shares have been issued in large areas, and the market's money-making effect has further weakened, thus forming a vicious circle, further depleting market liquidity, and making subsequent new shares unable to be issued even if they want to be issued."

"However, we have experienced the previous situation and learned lessons from history."

"Obviously, the effects that the regulatory groups want at this time are definitely completely different from before..."

"What they want is to ensure that the new shares can be fully issued and to truly solve the IPO barrier lake problem that has accumulated for many years. This is reflected in their intention to reduce the initial fund-raising scale of new shares and their intention to adjust the valuation and IPO valuation of new shares.

You can see it in the subscription rules.”

"So, how can we ensure that new shares are issued and we do not repeat the mistakes of previous policies?"

"Based on this adjusted IPO restart rule, we can actually see some clues."

"What's the clue?" Li Meng looked a little confused and asked curiously.

Su Yu pointed to the 'IPO restart' rules and regulations displayed on the laptop screen in front of Li Meng, and said: "That is to proceed step by step, try to attract less blood to the market, and at the same time lower the price-earnings ratio of new shares issuance, and give profits to investors who subscribe for new shares.

Or give profits to the secondary market and create some money-making effects from the issuance of new shares. As long as there is a money-making effect... are you afraid that there will be no market market with so many people following suit?"

"Understood!" After Su Yu's reminder, Li Meng reacted instantly, "It seems that this current supervisory leadership is quite smart and has really grasped the crux of the market."

In the domestic financial trading market dominated by 90% of retail investors.

All the so-called "value investment" propaganda and "long-term investment" propaganda are actually in vain.

Under the intertwined influence of human nature and emotions, as long as the structure of the investor group participating in the market does not change, short-term speculation and excessive speculation will inevitably become the mainstream, because only this form of speculation can quickly gather the market's money-making effect and attract people both inside and outside the market.

The retail investment group has attracted great attention.

in other words……

The simplest truth to make the market hot.

That is to make the vast retail investors, who account for 90% of the market, believe that it is easy to make money by investing in stocks through the continuous money-making effect of gathering, and that you can reap huge profits with just the move of your fingers. Then everyone does not need to publicize it at all, and naturally

Participated enthusiastically.

This is the saying that as long as there is a continuous profit-making effect, there will be a market.

At present, it is obvious that the regulatory authorities, while changing the IPO issuance system and rules, are fully transferring the dividends from the issuance of new shares to the secondary market, and are fully using existing policy means to stimulate this market as much as possible.

Key nodes.

Therefore, Su Yu became relatively optimistic after seeing this IPO restart plan.

Su Yu nodded slightly and said: "It's really rare. Next... let's see the effect. I believe something unexpected will happen."

After saying that, Su Yu thought for a while and asked: "Oh, by the way, according to the new stock issuance system after the restart of IPO, which are the first batch of new stocks under the new regulations? You can pay some attention to this.

After all, under the circumstances of reducing the issuance scale, lowering the issuance price-to-earnings ratio, and fully transferring the dividends from the issuance of new shares to the secondary market, the first batch of new shares under the new regulations still have some hype value and investment opportunities."

"Let me take a look at the current queue for new stock issuance." Li Meng responded briefly, then tapped the keyboard with his fingers, switched pages, searched in the search bar, looked at the new interface that popped up, and responded, "No.

Surprisingly, the first batch of new stocks under the new regulations should be 'Longda Meat, Xuelang Environment, Feitian Integrity, Lianming Shares...' Several stocks, in terms of the industries and fundamentals to which this check belongs, are terrible.

It’s also ordinary. According to the current average market valuation, even if the price-to-earnings ratio is lowered, the level of hype is probably not high, right?”

"It's hard to say." Su Yu smiled and said, "Let's observe it first."

"Yes!" Li Meng nodded, thought for a while, and then said, "According to the new regulations, our fund can subscribe for all these new shares at a fixed rate. Do we need to subscribe at a fixed rate?"

Su Yu responded with a smile: "Of course you do. Even if you subscribe at a fixed price, you won't get many new shares, but toothpick meat is still meat, so it's better than nothing."

According to the issuance scale of several stocks, all subscriptions are fixed.

Calculated based on the minimum double increase of the final stock listing, we should be able to earn a profit of more than 10 million.

Although this excess profit is almost negligible compared to the current capital scale of the two main funds, we still have to pick up the money that is almost free."

"Okay." Li Meng responded, "I will tell everyone to prepare after work next Monday."

Su Yu nodded and was thinking about changing the topic. Li Meng paused and said: "I just took a look at the 'Yuhang No. 3' fund issuance plan we have filed. It has been approved by the Fund Industry Association and the China Securities Regulatory Commission."

After the review by the fund management regulatory department, the next step can be started.”

"Okay!" Su Yu said, "Then let's set an open subscription time. What time do you think is suitable?"

Li Meng said with a smile: "It can be done at any time. According to the interest of various investor groups in the market for our company's two main funds, no matter which time period the subscription is opened, I believe it will achieve popular results."

"Then let's start on May 20th." Su Yu said, "The one-week period from May 20th to May 27th will be the open subscription time, and then... other rules will not need to be changed. At the same time... this

The first opening will be carried out in the form of simultaneous online and offline subscription."

"Subscribe simultaneously online and offline?" Li Meng asked.

Su Yu nodded and said: "Yes, haven't we signed a cooperation agreement with Oriental Fortune Website? We can borrow their platform to expand the scope of investors wider, which will help our company to expand nationwide.

The influence has increased, and secondly, there are more investor groups subscribing. For this matter, just let Yu Xiaobing connect with the Oriental Fortune website, and you don’t have to worry too much.”

"Okay, no problem." Li Meng responded.

The two talked for a while, and when the time reached 10 o'clock in the evening, they went back to their rooms to sleep.

Subsequently, the U.S. stock market opened, and the external market continued its adjustment trend amid the frenzied short sentiment in the domestic market. In the end, several major U.S. stock indexes once again closed down by more than 1%, continuing to worsen investment sentiment in the domestic market.

As a result, the short sentiment in the entire market became more and more intense during the two days over the weekend.

Some people predict that the Shanghai stock index will continue to fall back to 2,000 points in the context of the restart of IPOs; some people comprehensively criticize the bullish voices in the market and curse those institutional analysts and financial influencers who sing the bullish tone; some people reveal their position records this week

, there are many investors who have lost more than 20%; some people have once again upvoted Su Yu's "long-term bullish view of the market" post that he once publicly published on an online forum, and replied to the post to question...

It can be said that for a while, whether it is online or offline, it is a gathering place for stock investment discussions.

They were all voices of bearishness, complaints, and sighs of pessimism.

However, in this market, countless investment groups, especially retail investors, are collectively bearish on the market and have extremely pessimistic expectations for the market outlook.

The news about the upcoming private fundraising of the third fund product of 'Yuhang Investment Company' has spread like wildfire. It has quickly spread in the domestic asset management industry and among the internal groups of large investors, and there are also a number of high-profile investors who are concerned about investment.

It caused an uproar among the net worth people.

"'Yuhang Investment' will issue its third private equity fund privately?"

Amid the spread of news through various channels, many investor groups who have been jealous of the legendary returns achieved by the main funds of ‘Yuhang Investment’ for a long time have raised questions.

"There can be no fake ones. I checked the registration records of the Asset Management Association. The 'Yuhang No. 3' fund has been successfully registered, with a planned issuance size of 10 billion!"

“Damn it, when can I apply for it?”

"have no idea?"

"I heard that you can subscribe online this time. Is it true or false? The last time I rushed to buy offline, I went a step too late and didn't get anything. This time... I have to grab a fund share no matter what!"

"No matter if it's true or not, I'll buy a ticket to Yuhang first and go to the company to block the door. It's always right."

"Don't be so nervous, right? At this time, the market has just passed its peak, and short sentiment is rampant. And with an issuance size of 10 billion, it shouldn't be that difficult to grab."

"Have you underestimated the 'Yu Hang Series' funds? Based on Mr. Su's investment ability and the performance of the first two main funds, this new fund will be robbed as soon as it is released. The issuance scale is 10 billion.

It does seem like a lot, but when the last round of 'Yuhang No. 2' fund was issued, it had a capital scale of 5 billion, and it was still a non-public offline subscription model. Everyone has seen the result, right? In half a day,

In just half a day...the share was all taken away."

"If you think you don't need it, don't grab it when the time comes. Leave more meat for me, or whatever... If there is no subscription limit, I can buy as much as I have."

"It seems that it is still the same as the previous fund, with a fixed subscription amount limit of 10 million."

"Then it seems that I need to prepare more ID cards, including my wife's, parents', etc... It's been difficult to do business recently, but it's easier to make money just by holding the fund shares of the 'Yu Hang Group'

.”

"Haha, it's true... I've been involved since Mr. Su launched his first fund. Now I roughly estimate that the return on investment is more than ten times. It's indeed much better than doing business, and... now the Yuhang Group

'The shares of the fund still command a high premium off-market. Even if you are short of money, you can easily sell them through private off-market share ownership transfers during the closed period of the fund. There is simply no better investment than this."

"The performance of the two funds of the 'Yu Hang Series' is obvious to all. Who wouldn't be jealous?"

"Let's see, when this new fund is released, it will definitely be robbed. Hey... I won't talk about it anymore. I'm going to book a ticket. I have to go to the entrance of Yuhang Investment Company to block the door."

"If we subscribe online and offline at the same time, then the 10 billion shares will be empty within seconds?"

"I guess there will be a specific allocation quota for online and offline, right? No matter what, it is better to go offline and guard in advance than to rush to buy online."

When the registration of Yuhang Investment Company's new fund product was approved and the news about its upcoming issuance spread rapidly, and discussions among various investor groups became more and more intense... the old investor groups of the first two main funds, especially Su Yu

The internal customer group where he was located also exploded instantly.

Countless people went crazy in the group @苏禹, and at the same time, his mobile phone was also blasted.

(End of chapter)