Chapter 945 [Foreign investors who continue to buy are the ones who dare not touch the galaxies]

Xiao Quan's words were very serious, and he knew very well the power of the financial backer behind them.

Just look at how Wang Qingxiong of Hengtong Pharmaceutical Group was wiped out and ruined, and you will know the methods of this financial backer.

Some of them are not part of your own profits. Even if they are placed within easy reach, you cannot reach out and take them. The horoscopes are not strong enough. If you take them, you will not know how you will die.

Perennial Capital now clings to the lap of the funder's father, it is to focus on a super obedient person, with indispensable benefits, and has never been mistreated by the funder's father.

Xiao Quan knew how to choose between eating a full meal but risking being beaten to death, and eating a meal that provided peace of mind.

In the past few years, ever since I fell into the lap of the sponsor's father, even if I haven't joined the family's core circle of friends, I still follow the popular trend, drink spicy food, and eat well.

Xiao Quan knew very well that he could hug the benefactor's lap, not because he was irreplaceable to the benefactor's father, but because he got on the bus so early that he could hug the rich man's lap. If it were now, he might not be able to become a pendant on the giant man's lap. Can do what you want.

I don’t know how many people want to be the pendant on the giant man’s leg, but there is no way to do so?

Therefore, all the work that comes from the sponsor's father, no matter how big or small, is handled as a top priority, and it is still the highest priority.

…

On the other hand, the A-share market also opened as scheduled. In early trading today, the Shanghai Stock Index opened lower and moved lower. It once fell below the 3200 point mark during the session, and then fluctuated and went flat. In the afternoon, the two markets began to fluctuate higher, and turned red and then rose. The price continued to rise in late trading.

One of the heavyweight bull forces is the listed companies of the Galaxy Group, and wealth funds are still buying and buying.

As of the close, the Shanghai Stock Index closed up +1.89% at 3302.41 points, once again regaining the 3300-point mark.

In terms of individual stocks, Jinri Toutiao, which was listed through a backdoor listing, resumed trading. It opened with a second board in the morning, with an increase of +44% triggering a trading suspension. The stock price rushed to 4.61 yuan, and the market value also climbed to 57.6 yuan.

After the reorganization, Toutiao has an initial valuation of 4 billion, a restoration price of 3.2 yuan per share, and a total share capital of 1.25 billion shares, of which 250 million shares are outstanding.

Wealth funds have heavily invested in this stock, holding more than 63 million shares, accounting for more than 5% of Toutiao's total share capital, and they hold restricted non-tradable shares. Wealth funds held Galaxy stocks and had no intention of holding on to them for a decade or two.

It currently holds 5% of Toutiao's equity, and the wealth fund will continue to buy from circulating shares in the secondary market.

I will continue to buy in the future, and there is no need to worry about investors’ possible redemptions from wealth funds. Even if there is a large-scale redemption one day in the future, there is no need to deal with it by reducing holdings of stocks and cashing out. , if this happens, Star Capital will provide bridge funds to the wealth fund.

Investors can redeem whatever they want, even if they redeem all the 2 trillion yuan, Qunxing Capital can still afford it. At most, it will be regarded as the parent company repurchasing the equity of the subsidiary.

…

On the next day, the A-share market corrected -0.49%. In the following market conditions, the market index once again started a rising trend. Northbound funds, that is, foreign capital, also continued to flow into the A-share market at this time.

Since northbound funds were introduced into the A-share market through the Shanghai-Hong Kong Stock Connect mechanism in November last year, foreign investors have generally shown a buying and selling trend. However, currently, northbound funds can only participate in stocks on the Shanghai Stock Exchange Main Board. The Shenzhen Stock Exchange Main Board has not yet been opened. Unsurprisingly, it will be introduced to the Shenzhen Stock Exchange Main Board through the Shenzhen-Hong Kong Stock Connect mechanism in December 2016.

However, the proportion of foreign capital that has entered the A-share market and flowed into the stocks of listed companies in Xingxing is relatively small.

In fact, they really want to get involved in these targets, but the epic wave of 18 consecutive market limits in 2013 makes them shy away every time they think about it.

Now the investment community at home and abroad know one thing, that is, even if you have great reputation on Wall Street, people will buy your account elsewhere, but it is not easy to do this here.

Based on this situation, foreign capital, especially Wall Street capital, is at a very obvious disadvantage if it wants to compete with it in the market of Big A. The inflow of foreign capital is basically in a situation where it is a clear sign. , even if you want to rely on the method of "holding on behalf of others" to enter the market through a curve, it will be difficult to cover yourself up.

Because the shareholding structure of listed companies in Qunxingxing is just there, excluding Guo Jia’s institutions, they are basically his direct relatives, plus some scattered retail investors who can be ignored. After filtering these out, the rest will be regarded as Foreign investment is 80% correct. Even if it is not foreign investment, it can be sure that floods will not wash away the Dragon King Temple.

For foreign investors, the game in this situation is very passive. If you dare to take a heavy position, you will expose yourself. Further, you cannot guess and predict when Fang Hong will pull the plug. This passivity lies in the complete inability to control and It is full of unpredictability, and it will be exploded in a direction if you are not careful, just like it was in 2013.

Therefore, foreign capital does not dare to heavily intervene in the listed companies of the Galaxy. In fact, this is indeed the case. Although there are sporadic foreign capital buying, the proportion is too small, just a bit of mosquito leg flesh.

Since the proportion is small, Fang Hong will naturally not have any thoughts of blasting and harvesting, and it doesn't hurt.

In the last three trading days of this week, the Shanghai Composite Index closed up +0.15%, +1.78% and +0.70% respectively. The index closed at 3372.91 points. On Friday, it reached an intraday high of 3391.25 points, which is less than 100 meters away from breaking through the previous high pressure level. 3406.79 points are already one step away.

The market's continued upward trend this week is due to an important piece of good news, that is, the draft amendment to the Securities Law has once again introduced the registration system.

The village chief said that the implementation of the stock issuance registration system is predicated on the revision of the Securities Law, and the revision of the Securities Law needs to be read three times before it can be implemented. According to relevant arrangements, the amendment to the Securities Law is expected to be read for the first time in late April.

The ideas for amending the Securities Law include promoting marketization and deregulation, which is an important expectation for the market to rise.

The capital market most hopes that you don’t care about anything. This means that a registration system will be implemented in the future and supervision will be relaxed. This is definitely a major positive expectation for the market, and a large number of OTC funds have begun to enter the market quickly.

After the weekend weekend, on Monday, March 16, the A-share markets surged in volume, opened higher and moved higher. The Shanghai Stock Exchange Index rose sharply by +2.26% that day, closing at 3449.30 points. It broke through the previous high in one fell swoop and walked out of the bald long Yang line. The closing price was The highest price of the day.

This severe pressure range was finally broken through. Many funds outside the market were waiting for a breakthrough. As soon as a breakthrough was made, a large amount of funds would enter the market. This was confirmed the next day.

On Tuesday, March 17, the A-share market rose again after five consecutive positive days. It continued to open higher that day and rose by +1.55% to a new high. The Shanghai Composite Index reached a maximum of 3504.12 points throughout the day, and finally closed at 3502.85 points, standing in one fell swoop. It reached the 3,500-point mark.

The entire market is activated again.

After today's close, A-shares broke through the second-highest level of 3,478 points in 2009. This is the first time in nearly seven years that the A-share market has reached the 3,500-point mark. Since the initial drop to the lowest point of 1,849 points, the range of the Shanghai Stock Exchange Index The cumulative increase has exceeded +89%.

Breaking through 3478 points and reaching the 3500-point mark, all funds in the market agreed that the consolidation of the A-share market was over and that a new phase of the bull market would be launched. Now more OTC funds began to enter the market. More and more adults are beginning to pay attention to the stock market.

…