Chapter 914 [Make room for 2 trillion funds and get ready to get on the bus]

If the boss knew the inside story, he probably wouldn't compare his son with Fang Hong.

As a person who has been reborn through time travel, Fang Hong was already a giant in his previous life, but his experience in the past two lives is beyond the reach of his peers, not to mention the two bosses themselves.

But at this time, there were some sensational voices from the outside world, which everyone heard were not very harmful but extremely offensive.

Suddenly, someone on the Internet angrily retweeted a statement whose origin was unknown. Some experts said that excessive income is not conducive to motivating young people to work hard, is not conducive to industrial transformation and upgrading, and is not conducive to promoting economic development.

As soon as such remarks came out, many netizens, especially young people living at the bottom, became furious when they saw this passage. They gritted their teeth at the so-called experts who made this statement, not to mention whether the argument was fabricated or true. What the experts said makes people instantly angry just by looking at it.

It has to be said that such remarks are so arousing to people's emotions that they were denounced by thousands of angry netizens as soon as they spread.

…

The Internet is in a commotion, but at this time Fang Hong is having a video connection with Luo Qing'an, who is directly connected to the upper level.

In the study room on the second floor of the villa, Fang Hong sat in front of the screen. Luo Qingan in the video said: "The higher-ups want to hear your views on the recent situation in the domestic and foreign financial markets. Please speak directly."

Hearing this, Fang Hong couldn't help but think of the catastrophic and tragic market in the second half of the year after the epic leveraged bull market in the first half of 2015 in his previous life. If he took action now to prevent it in advance, it might be possible to avoid it.

But when Fang Hong thought about it again, he shook his head mentally and denied this.

Because past history has proven that what should come will eventually come.

In the second half of 1996, the stock market soared. To this end, the management took a series of measures. It took 12 consecutive strategies, which can be regarded as 12 gold medals, to suppress the skyrocketing stock market. During this period, the 11 strategies failed. By holding down the stock market, it hit new highs one after another. It was also in this year that the daily limit system appeared in Big A. Before that, there was no limit system.

History has already given the answer. The trend is unstoppable. What is coming may be late but it will certainly not be absent.

In fact, it is not impossible to make changes, unless Fang Hong is completely willing to go all out and ignore all resistance at any cost.

But he won't do this, because he can't protect himself. If he can't protect himself, how can he talk about the ideals and goals behind him? What about the stars and the sea?

To take a step back, doing so is not only irresponsible to yourself, but also to the many people who follow you, you are also extremely irresponsible to them.

To use a saying from gamers, only when you are alive can you have output.

After some inner thought, Fang Hong also made a decision. Since he was asked, let's talk about it.

But I will definitely not go all out. It would be great if it can work. If it doesn't work, at least I said it today. I will pay more attention to your words in the future, which will also be beneficial to many future matters.

Finally, Fang Hong put away his thoughts and looked at the video image of Luo Qingan on the screen and said in a deep voice: "To be honest, Director Luo, I am personally a little worried, mainly about the entry of illegal funds in secondary financing and over-the-counter financing into the market."

"The superficial financing balance is actually not the whole story. The use of structured products and financial leverage, plus a large number of private capital allocations secretly handled by the sales department, should be taken seriously."

“The risks behind the funds entering the market since last year have been piling up. A large amount of funds, with entangled leverage behind them, have entered the market under the names of so-called ‘big players’.”

"At present, the overall funding level is relatively abundant, and the stock market has room to increase its proportion in the overall social sector allocation. If a wave of market conditions appears like this, it is better to clear out the risks behind it as soon as possible, especially for the two financial sectors. It is better to crack down on irregularities in the business and the leveraged funds behind it earlier than later."

Speaking of this, Fang Hong paused for a moment, and then continued: "The reason why the management is relaxed about the two-financing issue is because the real estate industry has been sluggish recently and M2 growth is insufficient, which needs to be made up by the trading volume of the stock market. This is no problem. But it cannot be ignored. Due to external environmental factors, the U.S. dollar has been strengthening in recent times, and in Europe, Switzerland has just unlinked its peg to the euro, causing global economic turmoil."

Fang Hong added: “The external environment is facing a similar black swan impact, coupled with the current overall lack of money creation capabilities internally. So much money from the two financings is in the stock market, and the pressure on money creation this year should be paid more attention to. We should pay more attention to it. Personally, I prefer to be more stable.”

Luo Qing'an on the other end of the video chat nodded, and the two communicated for a few more minutes before the video connection ended.

Fang Hong would not say these things himself, but he would tell the truth if asked by superiors. As for what will happen next, that is not something he should consider.

After a while, Fang Hong called Tian Jiayi over. When he saw her coming, he immediately asked: "Has the first batch of funds from the wealth fund been received?"

Tian Jiayi replied: "It is being put in place one after another. There are already 280 billion funds on the books, and it is expected that they will all be put in place around early February."

Fang Hong ordered: "Several listed companies in the galaxy, reduce their holdings a little, move the funds of the wealth fund, and make room for getting on the bus."

Hearing this, Tian Jiayi nodded: "Yes, I will make arrangements."

The 2 trillion yuan of funds raised in the first phase of the wealth fund is to enter the listed subsidiaries of the Galaxy and hold the stocks of these companies in the secondary market. The wealth fund cannot lose money. The contract does not stipulate rigid redemption, but Fang Hong The actual requirement is that you must make money.

The first tranche of 2 trillion will not only make money, but also make a lot of money.

Therefore, we have to move to make way for Dao Teng, reverse the car to pick up people, and let the wealth fund funds board the car in a comfortable position.

…

In the following week, the A-share market was mainly adjusted in the first three trading days of the week. The market index fluctuated at 3220 points. During the period, it once fell below the 3200 point integer mark, but it closed at 3200 points. above.

After Fang Hong gave the suggestion, the higher-ups were also studying and deploying it.

On Thursday, January 15, the A-share market, which had fluctuated sideways for three days, rose sharply today. The Shanghai Stock Exchange Index closed up 3.54% today, rising 114.02 points during the day to close at 3336.46 points, once again regaining the 3300-point integer mark. close.

The closing price of the Shanghai Stock Exchange Index today was almost the highest price of the whole day, and it came out of the bald long Yang line.

The A-share market opened on Friday, and the two cities entered a situation of wide fluctuations. The Shanghai Index continued to rise, and the increase expanded to +1.86% after 14:00 in the afternoon. The market index once again launched an upward attack towards 3400 points.

However, it just touched 3400 points in late trading and then fell back in less than a minute. It did not break through the previous high of 3404.83 on January 9. The Shanghai Stock Index shot higher and fell back in late trading, and finally closed up +1.20%, closing at 3376.50 point position.

Big A failed to hit 3,400 points today. In the late trading drop, several major cooperative institutions such as Zhongtai Capital and Perennial Capital insisted on making room for wealth funds, resulting in the decline of many Galaxy concept stocks, and these stocks have a large weight ratio. The impact on the broader market index is also greater.

Just today, Fang Hong also learned reliable news that the management was going to take action against the violations of the two financial institutions.

Investors don't know this yet, but what's interesting is that at this juncture, Zhongxin also reduced its holdings accurately, which was just a pinch, and it significantly reduced its own company's shareholding to 3.16%, which is simply Pinch a little bit.

…