The investment era of rebirth

Chapter 485 A scale of 100 billion, can you handle it?

"As long as Mr. Qian doesn't dislike me, then I will be your student." Su Yu said with a smile, "I just don't know why Mr. Qian made a special trip to Yuhang to meet me here."

He didn't know what the other party wanted to do when meeting him.

But since Qian Zhongmou came in person, and Zhou Boyang personally came to his company to block the door, it means that the other party's intention is not simple.

Qian Zhongmou smiled and said: "I heard Director Xing mention you by chance before, saying that you are a rare market trading genius among the rising stars in the domestic financial industry. I happened to come to Yuhang for a meeting this time, and out of curiosity, I wanted to meet you.

After all, in all these years, I have rarely heard Director Xing praise someone so highly."

"Director Xing?" Su Yu was a little confused. He thought about it carefully and recalled it for a while before tentatively asking, "Mr. Qian is talking about...Director Xing of the Fund Management Department of the China Securities Regulatory Commission?"

"Yes!" Qian Zhongmou nodded slightly, "At one time I thought you two were related in some way."

When Su Yu heard this, he was startled. He coughed hurriedly and replied: "That can't be done. I have nothing to do with Director Xing, and I'm not even familiar with Mr. Qian.

After all, Mr. Qian and I have met each other, but Director Xing and I have only heard about each other at most."

"Don't be nervous, I was just joking." Qian Zhongmou smiled and said, "I still understand Lao Xing's temper. If you are really a relative of his, he will definitely ignore you in formal occasions.

I'm totally wrong and will never say a single good word for you."

"Is Mr. Qian really just coming to Yuhang for a meeting?" Su Yu stared into Qian Zhongmou's eyes, obviously not believing it.

Although after a year of hard work, he has now gained a little fame in the domestic financial community and has a small business foundation of his own, but this is not possible in the real domestic asset management giants such as 'Hua Investment Group' and 'Huijin Company'.

In the eyes of the organization, he is still just a small person.

"As for whether these shortcomings will change and get better in the future, I think they will definitely change and get better!"

The big shot made his itinerary and asked his secretary to block the door and invite him to meet here.

The so-called 'correct nonsense' cannot bring about any real trading strategy, let alone support actual trading, and this is naturally not what Qian Zhongmou wants to hear from Su Yu this time.

Qian Zhongmou, who is in charge of the entire "Huijin Company" asset management system and has authority over thousands or trillions of investment capital, is a real giant in the domestic financial industry and a real big shot.

The opinion just mentioned by Su Yu is indeed correct, but it is also correct nonsense.

Qian Zhongmou looked at Su Yu with admiration and said with a smile: "You really know everything!"

"The economic improvement at the macro level is the biggest cornerstone to support the market, because the essence of stocks is still corporate equity, and the value of corporate equity is fundamentally reflected in the profitability of the company and the profit per share."

This is just like the mindless bullish statements made by chief investment advisers, market analysts, well-known fund managers, financial influencers, and financial media stock commentators in the market at the moment.

And compared to a little guy like him.

"The bottom of the market valuation is better than the global average; the huge economic vitality far exceeds the average level of global economic growth; the incremental capital changes due to the surge of hot money; the rise in future expectations due to the recovery of investment sentiment...all these market developments

Substantial signs indicate that this is a clear turning point for the market.”

Su Yu thought for a while and said: "Compared with the development time of foreign countries, the development time of our country's financial market is actually not long. Not only is it not long, it can be said to be quite short."

"It's like a stock..."

"Okay!" Qian Zhongmou nodded appreciatively.

The financial trading market is a place where even if you know the result, you may not be able to make money.

"You know that its stock price can rise from 10 yuan to 100 yuan in the future, but the process... you don't know how it will take. You don't know how long it will take to rise from 10 yuan to 100 yuan."

Not sure, it could be 1 year, 2 years, 5 years, 10 years, or even 20 years."

"Then let me tell you from a practical point of view." Seeing Qian Zhongmou's eyes change, Su Yu continued, "I think the current trading market should have reached a turning point."

"Yes, yes!" Secretary Zhou Boyang also nodded hastily, "Just treat it as a private chat."

"Qian always wants to say that when it comes to transactions, we can't just talk. The most important thing is to seek truth from facts." Su Yu responded with a smile.

"Almost!" Qian Zhongmou said with a smile, "How do you understand it, just say it. How do you think these obvious shortcomings, or development problems, are formed and how should they be solved? Or... just follow

If the current market situation continues, will there be any changes in the future? Is it possible for things to get better?”

"Are you very confident about this?" Qian Zhongmou asked again similar to before.

Su Yu nodded and said: "Indeed, but what everyone is facing is an unknown future. Whether it is right or wrong can only be discovered after the market comes out on its own."

"Secondly, the global economy is clearly emerging from the shadow of the 2008 financial crisis. According to a series of data such as the purchasing managers' index, unemployment rate, macroeconomic adjustment direction, etc. of many countries in recent quarters, it can be seen that the global economy is recovering strongly.

And the domestic economy has begun to burst out with greater vitality under reasonable economic structural adjustment."

"But..." Qian Zhongmou paused and then said, "The future of the domestic financial market is undoubtedly bright, but as investment personnel of asset management institutions, we cannot only focus on the too distant future and then make plans.

Investment plans still have to be based on reality and the current situation, to analyze, predict, and develop trading strategies, so that the knowledge can be reflected in performance and profits."

Su Yu smiled and said: "Because as time goes by, everyone's understanding of the financial trading market will become more and more in-depth, and foreign financial trading markets have been going on for a hundred or two hundred years. We

If we can learn enough experience from its long history of development, there is no reason why it will get worse and worse."

"Uh, Mr. Su..." Seeing the confusion in Su Yu's eyes, secretary Zhou Boyang, who was sitting aside and had been silent for the whole time, couldn't help but coughed slightly, continued, and explained, "Actually, Mr. Qian is here.

Not only do I want to meet you, I also want to hear your views on the subsequent development of the domestic financial market, as well as your views on the domestic investor ecological environment, investment style, etc."

"In my opinion, our country's financial market is still in the initial stage of development."

"Finally, due to problems in the domestic investor ecology, the market pendulum effect will continue to be amplified due to emotions."

Qian Zhongmou pondered for a moment and said: "Your analysis is quite reasonable, but to say that the global economy has completely gotten rid of the shadow of the 2008 financial crisis, there are some problems at present. To be precise, everyone just passed a

A series of economic stimulus measures have alleviated a series of sequelae and contradictions caused by the 2008 financial crisis, giving the global economy a short period of breathing space and room for recovery."

"The A-share market is in the melting stage." Qian Zhongmou heard Su Yu's description of the current A-share market situation and thought it was very appropriate. He smiled and said, "The winter is over and the spring breeze is slowly coming, haha...

…”

Su Yu did not answer directly this time, but looked at Qian Zhongmou with a smile and asked, "Don't you think so, Mr. Qian?"

Hearing Su Yu's understanding, Qian Zhongmou's eyes suddenly shone brightly, and he said with admiration: "Is this the reason why you are in this position and bet 30 billion?"

"In the financial trading market, nothing is certain to happen!" Qian Zhongmou smiled and said.

"It doesn't matter!" Qian Zhongmou said with a smile, "How about we just chat casually and treat it as an academic exchange during the meeting? It doesn't matter if we can't say it well. After all, what we said today is just private chat, no one will care."

The reason is just that I'm curious about a character like him, and just want to know more about him. What do I think... the logic doesn't make sense at all.

"The funds we manage inherently have time costs."

"Oh?" Qian Zhongmou asked with a smile in his eyes, "Why are you so sure?"

Su Yu looked at the two of them with a smile. Seeing that they both had some expectations in their eyes, he thought there would be no harm in talking about it. At the same time, he also wanted to discuss some of his trading ideas and market opinions with an industry leader like Qian Zhongmou.

After exchanging opinions with the senior, I couldn't help but nodded in agreement and said: "Since Mr. Qian doesn't mind it, I will simply explain it according to my ideas. I hope Mr. Qian can correct me if I am wrong."

Su Yu thought for a while and then said: "Mr. Qian just asked about the follow-up development of my country's domestic financial market. He should be talking about some obvious shortcomings of my country's financial market at the current stage, right? For example, the lack of trading systems, investors Structural deformities, wrong guidance of market investment values, etc..."

"How can you say it's nonsense?" Qian Zhongmou said, "I think it's a sharp analysis and understanding of the market!"

"Based on the average market valuation, there is no way it can fall further."

"Learning from experience is indeed what our country is best at." Qian Zhongmou nodded slightly, agreeing with Su Yu's understanding.

Qian Zhongmou heard Zhou Boyang's explanation, nodded with a smile, and continued: "Yes, Xiao Zhou is right. I mainly want to hear some of your views on the subsequent development of the domestic financial market. After my understanding, you'

Yuhang Investment Company has developed very well in the past year. The performance of several fund products you manage is also quite good, so I think... you have some knowledge about transactions and the domestic financial market.

You should have a very unique side, I want to hear your thoughts."

But when it rises, how far away is it from the current timeline? Before it rises, how many shocks will the market go through and how long will it take to be in a bear market? But no one can say why.

"The success of our 'Yuhang Investment Company' in the past year is not universal. It is actually quite accidental." Su Yu didn't know its specific purpose and could only respond modestly with a smile, "Besides, I am young and have market trading experience.

It’s still not enough. In front of Mr. Qian, I dare not discuss the subsequent development of the market and ecological issues.”

Su Yu's expression remained unchanged and he smiled and said, "Isn't that just nonsense from your perspective?"

"The shortcomings of the trading system, the deformed investor structure, and wrong market investment values ​​that I just mentioned... are actually quite normal when the market is in its primary development stage. At this stage,

Disadvantages have also appeared during the development stage of foreign markets."

"First of all, the overall market valuation is already at the lowest extreme in the entire history of A-shares."

"Moreover, it is more likely that in the process of rising from 10 yuan to 100 yuan, this stock will first fall to the bottom of 1 yuan, or even fall to the bottom of 1 yuan several times."

Su Yu knew that since the other party had invited him here, he should already have a very good understanding of himself and the situation of several major funds in the company. He couldn't help but smile and said: "Absolutely, in fact... for the more certain

The opportunity cannot be said to be a huge gamble."

No matter how the market changes, whether it rises or falls in the short term, there will always be a rise in the future.

"Furthermore, the recovery of the macroeconomy and the enhancement of corporate profits will promote the flow of hot money in the market, and will also prompt regulatory agencies and the central bank to change monetary policies."

"So, even if the result is certain and the time is uncertain, it is meaningless for our actual transactions."

"But for A-shares, which is currently a global valuation depression and investor expectations, the impact is not very big, right?" Su Yu responded, "The pendulum of the market is already swinging back, even if the global

The economy's short breathing space and room for recovery, this weak spring breeze, is enough to blow open the A-share market, which is already in the thawing stage."

Su Yu saw Qian Zhongmou's smiling face and knew that he recognized his analysis. He couldn't help but change the subject and continued: "Mr. Qian, what I have said so much should be enough to express my views and attitude.

Alright? How about... how about we just open the skylight and talk openly? I really don’t believe you came to Yuhang and worked so hard for Secretary Zhou to invite me here just to listen to my nonsense? "

"Haha..." Qian Zhongmou laughed loudly, enjoying the high hat Su Yu was wearing. After being silent for a while, he still stared at Su Yu's face and said his true purpose: "Xiao Su,

Does your company have agency fund management business? If... you were asked to manage a 'long-term mixed investment fund', would you still be able to achieve the performance results of several of your company's main 'Yu Hang Series' funds?

"

"Agency fund business? Long-term mixed investment fund?" Su Yu was slightly surprised when he heard Qian Zhongmou's question that he had considered for a long time. After thinking a lot, he hurriedly responded, "Our company's business authority for agency fund management is currently

All that can be done is the 'long-term mixed investment fund' that Mr. Qian mentioned... How long is the term? Also, how big is the scale? After all, in the asset management business, different levels of capital scale have completely different performance requirements.

, Mr. Qian should also know."

"A scale of 100 billion, can you handle it?" Qian Zhongmou slowly spit out a number.

Su Yu's heart skipped a beat when he heard about this scale of 'agency fund management business'. He was slightly dazed and forgot to answer for a moment.

(End of chapter)