Rebirth: The Financial Giant

Monday, October 30.

Today, the Shanghai Stock Exchange ended last week after it had a more positive online attack on one and five consecutive days. It opened low and dived in early trading. The attack power was strong, and it fell below the 30-day moving average in one fell swoop. Compared with the previous trading day, the volume has been enlarged. , the air force occupies a strong position today, and all kinds of funds have fled.

After Tiansheng Holdings climbed out of a record high last Friday, it began to fall after the opening of the market today. The lowest dropped to 11,611.84 yuan, a decrease of -2.18%. Everyone can feel relieved when Tiansheng Holdings has fallen.

Zhong Xin, as always, lived up to the expectations of the public, and if he sang too much, he would fall.

However, Tiansheng Holdings began to bottom out and rebounded after hitting the 5th line, but other securities companies in the securities sector were a little bit miserable. When it rebounded, the brokerage stocks said that I lie down and don't move, brother, you are free.

In terms of the index, at around 10:08, it encountered resistance in the early stage of the dip, and the decline reached -1.74%. It was supported at this position, and then stopped and stabilized, began to rebound slightly, and remained sideways. Quotes.

The current market hot spots are basically unsustainable. The accelerated rotation speed of the sector not only makes it more difficult for small funds to operate alone, but also the profit-making effect of hot funds and private equity is actually declining. Mainstream funds focus on high-quality blue chips and defensive sectors with good performance, which is also a reflection of the risk aversion of funds in the current market environment.

...

Tiansheng Capital's internal core executives meeting.

At this moment, Lu Ming was generally silent, and the other participants participated in the discussion.

Today, the market went out of the bottom and rebounded. The lowest point was 3357 points, and the close was 3390 points, down 26.2 points. The Shanghai Stock Exchange 50 fell -0.18%, the ChiNext Index fell -2.64%, the trading volume of the two markets was 550 billion, and the number of individual stocks daily limit was 26. , down to 30.”

From the point of view of the time point, the ChiNext index changed and fell, the Shanghai Stock Exchange 50 rose and fell, and the market structure was further differentiated. Only a small number of weighted blue-chip varieties maintained a volatile upward rhythm.

The three major indexes have pulled back one after another today, and a negative line has eaten up the gains accumulated over the week. The profit-making market in the market instantly turned into a stuck-up market, and the profit-making effect of the market was directly negative. The lack of kinetic energy has put pressure on the index, which has been hovering at a high level for a long time, and the current capital liquidity is insufficient, and most of them are heavily blood-drawn by blue-chip heavyweights.”

Another reason is that there will be 15.9 billion unbanned stocks next month, corresponding to a market value of 257 billion yuan, while the restricted and unbanned stocks in December will be as high as 36 billion, corresponding to a market value of about 416.1 billion yuan, and will face about 6,700 in the next two months. From this perspective, the pressure on the market makes the future market do not look optimistic.”

Yeah, this is the expected news that has been disclosed. The bigger selling pressure is my Tiansheng Capital's expected withdrawal plan, which corresponds to a huge market value of 750 billion, that is, a selling pressure of 1.42 trillion. I really don't know if the market can handle it. With such a big sell-off, what can we do with our evacuation plan?

...

After everyone discussed for a while, at this time, Xue Zhongming, the director of the participating institutions, looked at Lu Ming and said, Chairman, should the news of the paid transfer be sent out while the market is falling?

The market fell today, and sending out this bad news is equivalent to exhausting the bad news, giving the market a signal that the risk has been released.

For this large-scale paid transfer, the market will definitely conduct a large-scale interpretation and various speculations.

On the surface, paid transfer is bad or good. How to determine the key depends on the guidance of public opinion. It can be said to be bad or good, but it is inevitable to cause market turmoil, and the time window for releasing news is also very important. , not just sent out casually.

No hurry. Lu Ming shook his head and said solemnly: The 670 billion lifting of the ban seems to be huge, but it is mainly in the small and medium-sized entrepreneurship sector. The National Securities 2000 Index has rebounded and entered a downward channel, and the pressure to reduce holdings of high-quality blue-chip stocks is actually very small. , mainly from more than 700 billion yuan from us and more than 200 billion yuan from foreign capital, so our main contradiction is to deal with foreign capital running away.

670 billion unbanned shares, big or small, non-reduction, small and medium-sized listed companies, even their own corporate executives and bosses are all for cashing out, let them go to the crowd, and those who have no future, no performance, and no growth in the future The small and medium-sized companies in the market will become penny stocks with no financial attention.

Lu Ming added: At the end of next month, the Fed will publish the minutes of its meeting on interest rates, and it should give a signal about raising interest rates. This expectation will likely trigger the withdrawal of foreign capital, the lifting of the ban on stocks, paid transfers, and US dollar interest rate hikes. The release of several major news together will definitely lead to a sharp drop in the market. If the news is released together, the market will be relieved, and the market will not fall sharply. Well.

Another participant said: The foreign capital is too thieves, and the profit is quite large. The signal of the US dollar rate hike is released, and most of them will run away first.

Hearing this, Lu Ming couldn't help but smile and said, It doesn't matter, just run and run. It doesn't matter if they run in November, wouldn't it be better to put them in January next year?

Uh……

Lu Ming continued: The current trend of blue-chip heavyweights is to accelerate for the second time. It will probably take more than a month to digest these major bad news after the landing. At the end of December, the trend of accelerating the third time is more ruthless. I don't believe they won't get back the empty foreign capital!

As soon as the signal of the US dollar rate hike comes out, there must be foreign investors who will withdraw with profits.

But then again, foreign capital is just a general term, and foreign capital is also divided into many categories, including European, American, profitable, and new entrants.

New foreign capital will also continue to enter the market. Lu Ming doesn't care about the identity of the foreign capital. He only looks at the overall net inflow/outflow. The detailed account is a small pattern, and the general account is the big picture.

What is the status of the foreign capital, who is not to be cut? Who is not a set?

Xue Zhongming, who was present at the meeting, said: How to start the third acceleration market?

Lu Ming said concisely: Take the company's annual report as a reference.

Xue Zhongming nodded: Understood!

...

At about 19:00 in the evening, a news about Tiansheng Capital aroused the attention of the market, especially the attention of small capital investment.

According to online sources, Tiansheng Capital plans to issue convertible bonds with a total scale of 30 billion yuan, and is currently actively promoting the plan.

If Tiansheng Capital's convertible bond is successfully listed, it will become the largest convertible bond issued by Da A in history. The largest convertible bond in the market is currently 7 billion yuan.

The news attracted a lot of attention soon after it appeared, but Tiansheng Capital did not officially comment on the news.

Tiansheng Capital has borrowed, regardless of whether this news is unreliable, but it is certainly not groundless.

Many investors began to be restless, especially for ordinary Xiaosan who couldn't afford first-hand Tiansheng Holdings. When they saw the news, their eyes lit up.

In the eyes of many small and medium-sized investors, this is a convenient door that Lu Ming has opened up for those in the market who want to buy but can't afford first-hand Tiansheng Holdings.

Because the initial face value of the convertible bond issue price is 100 yuan, basically everyone can afford it. Not only can you speculate on T+0 convertible bonds, but you can also convert debt to stock if you are optimistic that the stock will rise sharply in the future.

For example, a small and scattered account has only 20,000 to 30,000 yuan. If you buy stocks, you definitely don’t have to think about it. Now you need more than one million yuan.

However, he can buy Tiansheng convertible bonds, and the convertible bonds can be converted into company shares after the shortest six months from the date of issuance, then this Xiaosan can buy more than 100 Tiansheng convertible bonds, and then convert the debt In this way, his trading account can hold 1 share of Tiansheng Holdings.

But he either keeps holding this one share, or he can only sell it, but after selling it, he cannot buy one share, because the trading rule of Big A is to buy a minimum lot of 1 lot, which is 100 shares. .

The minimum selling price is also 1 lot, which is 100 shares. If the position is less than 100 shares, it cannot be sold in batches, and it can only be sold at one time.

After 1 share is sold, it is sold to the market to participate in the auction. When others buy it, this 1 share will be combined with the other 99 shares in the market to make up the lowest 1 lot and be bought and traded by another investor.

In general, if Tiansheng Capital issues convertible bonds, it is equivalent to giving small-capital retail investors an opportunity to indirectly buy the company's stocks through debt-to-equity swaps.

Therefore, this so-called online news made everyone feel itchy as soon as it came out.

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