Chapter 876 [People can be profited, but the money must be kept]

After listening to Tian Jiayi's report, Fang Hong took the material and read it again. While looking at it, he said with a half-smile: "These runaway domestic institutions are short-sighted, haha..."

In the past few days, many domestic institutions have smashed the market and ran away. On the contrary, the recent army of retail investors who responded to the call of K God rushed in and took over these chips.

It is a rare occurrence for an army of retail investors to wash out institutions.

It is undeniable that this situation could not occur without K God giving retail investors great confidence to enter and hold stocks, and it is also K God that gave them the confidence to be able to hold on after a huge rise.

Most of this group of retail investors will definitely make a lot of money in this bull market, and there will even be many who will achieve a class jump by seizing this wave of market conditions.

After a while, Tian Jiayi turned around and said: "One more thing. We have received reliable internal information. The management has submitted the plan for the reform of the stock issuance registration system. It is estimated that there will be news tomorrow."

Fang Hong smiled when he heard it, and said softly: "Just listen to this, don't take it seriously, it won't be that fast."

As a reborn person in time travel, Fang Hong has the advantage of foresight. He is very aware that the registration system has been called for every year, and it basically remains at the level of appeal. It is too early to talk about the registration system now.

Moreover, it is difficult to describe the progress.

After all, there are too many moles.

But having said that, if the news of the registration-based reporting system spreads, it will definitely have a great boost to the current market conditions, because many people still buy this account now, and wait a few years to cry out, everyone will be affected by this I was hurt so deeply by the stall incident, so I just wanted to listen to it.

But now, there are still many people who believe.

Fang Hong ignored this matter and asked instead: "What's going on with Chen Yu?"

Tian Jiayi immediately replied: "Data feedback shows that more than 600 billion yuan of funds have been entrusted to quantitative capital for wealth management, and the number is still increasing. It is only a matter of time before it exceeds one trillion yuan."

Hearing this number, Fang Hong couldn't help but sigh: "There are still many rich people."

The beautiful assistant smiled and said: "Even if there are not many people, there must be a lot of money. Oh, by the way, I heard that a senior executive within Quantitative Capital suggested to Chen Yu that he could acquire a public fund company to quickly enter the fund industry."

Fang Hong asked, "Chen Yu said that?"

Tian Jiayi replied: "He directly rejected it. The reason is that the parent company has already established a wealth fund. Although it is not a public offering fund, it is also aimed at the public. The effect is similar to that of a public offering institution. If quantitative capital is used to build a public offering fund, it is an overlap of resources. waste."

Fang Hong couldn't help laughing when he heard this: "Who said geniuses are those with high IQ and low EQ?"

It is not unreasonable to be appreciated and valued by the big boss. If quantitative capital is a public fund, it will be scolded by the fundamentalists if it cannot make money. If it makes a lot of money, it is equivalent to competing with the big boss for the reputation of the public.

Obviously, Chen Yu's emotional intelligence is online, and he did not compete with the big boss for public reputation.

Fang Hong turned around and ordered: "Tell Chen Yu, I only have one request for doing asset management for the rich. Those people must not be guilty of original sin, that is, the money must be clean. Don't just accept it as money, otherwise I will cut it off in the future." Who?"

Those who have original sins and whose money comes from shady sources are the targets of Fang Hong's harvest. Star Capital also relies on harvesting these rich people to maintain its high growth.

If these people are included, who will be harvested then?

What is certain is that there are many rich people who have illegitimate sources of money and are guilty of original sins. It can be said that there are so many rich people. The high growth of Star Capital in the next few years will depend on harvesting them.

Fang Hong further emphasized: "We must be optimistic about the layout of the encrypted digital currency market. In particular, we must not let anything reveal our strategic intentions. If anyone leaks the secret, take the initiative to jump into the Xinjiang to feed the fish." It's not as simple as feeding the fish for me to take action."

These words are very serious, and it can be said that there is no emotion at all.

Because the matter is big.

Fang Hong also calculated the time points, and also referred to the memory information of his previous life, thinking that after the epic leveraged bull market in Big A ends, a large number of people will transfer out of the country with massive wealth.

Fang Hong clearly remembers the memory information from his previous life. Just a year or two after the bull market, Bitcoin happened to have a super market, and the price soared to 20,000 US dollars each.

Is it really that coincidental?

Among them, many domestic people who transfer wealth across borders have found this channel to transfer wealth abroad, even if the market is not good.

The scale is also staggering. The figures can be calculated in trillions of dollars, which shows the huge loss of wealth.

As everyone knows, excluding the fortune harvested from Wall Street in the past few months, the country's foreign exchange reserves have remained at around US$3 trillion all year round, and the country's foreign trade has been in surplus year after year and has maintained high growth.

It stands to reason that foreign exchange reserves have long exceeded US$5 trillion or more.

But this is not the case. On one hand, foreign trade continues to be in surplus and maintains high growth, but on the other hand, foreign exchange reserves have barely increased. What does this mean? It shows that the wealth earned through hard work from abroad has been lost again.

Among them, those who have made fortunes in the Mainland and know that their money came from a shady way and will never see the light of day are afraid of settling accounts in the future, and they will profit as soon as they have made enough money.

This is a large scale, but Fang Hong will definitely not let them go out with money.

People can go out, but the money has to stay.

The secret layout of the encrypted digital currency market is a super luxury gift package tailor-made for this group of people.

…

The next day, Thursday, December 4th.

Just today, the A-share market once again received a major benefit, that is, the stock issuance registration system reform plan has been reported.

The village chief also said at today’s “Symposium on Accelerating the Development of Multi-Level Capital Markets” that the village had submitted a plan for the reform of the stock issuance registration system at the end of November in accordance with the requirements of the upper levels.

Next year, public opinions will be solicited to discuss the elimination of sustained profit conditions for stock issuance and lowering the listing threshold for small and micro enterprises and innovative enterprises. At the same time, the village is also studying and formulating regulatory rules for regional equity markets and integrating regional equity markets into the multi-level capital market system.

The village chief also said at the symposium that the village has been promoting decentralization, loosening front-end control, and strengthening supervision transformation with interim and ex-post supervision as the main content. Mingji will further promote this work. In the next step, the village will further accelerate the construction of a multi-level capital market.

All in all, it means continued deregulation.

Stimulated by this huge piece of good news during the session, Big A took off again today and staged a unilateral short-squeeze trend with a general rise. There was no step back during the session, and it just continued to advance all the way.

The big financial sector has taken off again, with the "Three Financial Idiots" leading the way and becoming the most profitable sector.

The brokerage sector once again acted as the bullish standard-bearer and took the lead, driving the market index to rise unilaterally. The brokerage sector also continued to lead the rise of the two cities today, with the sector index rising by more than 8 percentage points, and the brokerage stocks also set off a rising trend.

…