Chapter 576 [Creating Unique Market Confidence]

It is precisely to build confidence in the independent valuation system of Qunxing’s listed subsidiaries that Fang Hong does not allow Qunxing’s capital debt to be too high. You must know that Qunxing Capital’s current debt ratio is only about 10%.

What does a debt ratio of only 10% mean?

It means that Qunxing Capital has a huge room for increasing leverage. With the company's current asset size, just doubling the leverage can leverage a liquidity scale of two to three trillion yuan. This is a super terrifying amount of funds.

The purpose of retaining the leverage ability is that when there is a sudden crisis in the A-share market in the future, leading to a collective irrational sell-off, such as the stock market crash in 2015 in a few years, it will be a scene where thousands of shares will limit down at every turn.

Qunxing Capital will be able to strike hard at that time and inject liquidity into the listed subsidiaries of Qunxing System. Aren't you smashing the market? Just smash it, how much you want to smash, and want to smash the stock price? There are no doors.

It can be foreseen that when other stocks are plummeting and will be cut in half within a few days, the listed subsidiaries of the galaxy system will stand out, but they will not be able to fall, even if they release a huge amount of funds to escape.

Qunxing Capital has left enough space for itself to increase leverage, just to come in handy when this happens in the market.

Confidence is built little by little.

Fang Hong wants to build an independent valuation system for the listed subsidiaries of the Galaxy System. In a sense, it needs a few black swan panics in the market. Super resistant, just can't fall.

Investors must be very surprised. Generally speaking, if there is no drop, they will make up for the fall, but they just don't move, and they won't make up for the fall.

This is the case for the first time when the market panic and irrational plunge occurs, it is still the case for the second time, and it is still the case for the third time.

Do this several times, confidence comes!

Investors will find that these assets are super stable, so when there is a crisis in the future, even if the outside world falls into a dog, investors who hold the listed subsidiaries of Qungalaxy will be calm and calm, and will not follow suit.

This is confidence!

Several black swan crises have occurred in the market, but it is conducive to the establishment of an independent valuation system for the listed subsidiaries of Qunxing, which is conducive to building market confidence for this valuation system.

Because you are super resistant to falling and there is no shortage of liquidity. When confidence is established, another picture will appear: the prices of other stock assets outside have fallen into dogs, and the funds that ran out of those stocks will instead flow into the stock market. Hedging in the target of the listed subsidiary of Qunxing System.

Because capital seeks advantages and avoids disadvantages, since the asset prices here are so resistant to falling, and the liquidity is still sufficient, and other places are plummeting, so here is the safest place, then I will definitely choose to come to you to avoid risks.

At that time, there is no need for Qunxing Capital to enter the market secretly to support the market. After confidence is established, the market itself will have a lot of "safe haven" funds to drag up asset prices and prop up liquidity.

When there is an irrational plunge in the market, when the listed subsidiaries of the galaxy system are regarded as a "safe haven" place by the market, they can basically declare that the establishment of an independent valuation system has achieved a phased victory.

...

Fang Hong picked up the document again and looked at the information of the seven public offering funds. At present, the fundraising has been completed, with a total of about 1.15 billion yuan raised, and the fundraising scale of each fund in a tie is about 164 million yuan.

As the name suggests, the seven public offering funds are all tracking the targets of the listed subsidiaries of the galaxy system, which is also the target of the seven funds' heavy positions, and the future transfer of positions will also be selected from the listed subsidiaries of the galaxy system.

However, these seven funds are also active mixed stock funds. Active funds mean that fund managers can decide what stocks to intervene in, while the corresponding passive funds track related indexes. Great authority.

A typical passive index fund is an ETF fund, but ETF is an on-market fund, and investors need to register a securities account to trade, and these seven newly issued funds are all off-market public funds, and the threshold is relatively low.

At present, there are only four listed subsidiaries of Qunxingsystem, namely Ruihe Pharmaceutical, Weibo, ALT Technology and Yixing Video.

The seven public offering funds first took heavy positions in these four companies, and each stock chose to fill up to the upper limit of 10%, that is, the size of a single shareholding does not exceed 10% of the total size of the fund. The four stocks just make the fund's position ratio reach 40% %, and the remaining 60% of funds choose to hold cash.

Relevant regulations have a minimum position requirement for public funds. For example, some passive index funds require that the proportion of positions should not be lower than 80% of the total position. However, these seven funds are active hybrid funds, and the minimum position can be 40%. proportion.

The remaining 60% of the funds are used for several other listed companies of Qunxing Capital, namely Kunpeng Technology, Yixing Media, Kyushu Blue Arrow, Youkefang, Chuangkefang, Kyushuxing and Xingyu Technology.

In addition to Xingyu Technology, the other six companies will complete backdoor listing within the next six months.

At that time, the number of listed subsidiaries of Qunxingxi will increase to 10, no more, no less, just enough to meet the top ten holdings of public funds.

As for the other six subsidiaries, before the backdoor listing is completed, these seven public offering funds will buy 1.6 blue-chip heavyweight stocks for a symbolic amount in addition to the four companies that have already been listed, including ATL Technology. The top ten holdings account for less than 1% of each stock, which is purely make up.

But at this moment, Fang Hong closed the materials and thought for a moment, then looked at the beautiful assistant and said: "These seven public funds, after listing, let's purchase 500 million for each of them first, and wait for Kunpeng Technology and Kyushu Blue Arrow to go public through backdoors." For the first time in A-shares, these seven public offering funds will each apply for another 1 billion yuan."

Tian Jiayi nodded and made notes on the memo.

Why do several major public funds promote the sale of "galaxy-themed" funds? How to eat meat? The answer came out right away. Each fund raised more than 160 million yuan, all of which were funded by Christians. The fundraising of less than 200 million yuan is considered a great success.

How can the little steel in the hands of the masses of Christians be good.

Now the real big client is Qunxing Capital, who directly apply for the purchase of these seven public offering funds as an "ordinary civil investor". Will continue to increase positions.

In the early stage, we can only rely on Qunxing Capital to support the appearance of these seven public offering funds. When these funds become popular in the future and are sought after by Christians, Qunxing Capital can exit in an orderly manner.

As for now, let's prop up the facade first, stir up the atmosphere, and bring out the money-making effect.

However, it is worth mentioning that Qunxing Capital did not directly apply for the purchase in the name of the company when applying for the purchase, but let the funds cross the bridge and apply for the purchase in other identities.

Otherwise, it will give people a kind of coquettish operation like playing Wudang ladder cloud vertically, with the left foot kicking the right foot to go to the sky.

There are many ways to avoid it, and it is not difficult at all. It may not be reasonable anyway, but it must be compliant.

These galaxy-themed funds are the tools used by Qunxing Capital to play the role of "fixing star" and "ballast stone" in the future. They draw a trend range for the trend of the listed subsidiaries of Qunxing. If there is a group of funds, the upward trend will be pushed out of the trend range , Qunxing Capital will redeem the funds, and then these funds will sell the stocks they hold to bring the price down and return to the trend range. Crazy increase to undertake.

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