Chapter 312 The Market Peaks
Xu Jianqing is smart and has good relationships with people in the company. In addition, he has followed Gu Junhao for nearly a year and can understand Gu Junhao's intentions very well.
On June 8, the week was already a holiday, but Xu Jianqing still came to the company as usual, running around the various office areas, announcing with a smug look the generous treatment of having a holiday until the end of the month.
"What's going on? Are you saying that you are all on holiday? Isn't there still a fund running?"
Because the trading room moved to the next door, when the employees started working on Monday, the news that all the staff in the trading room were going on holiday had not yet been known to the employees here. They couldn't help but be shocked when they heard Xu Jianqing's boasting.
Hehe, this is what Xu Jianqing was waiting for: "Yeah, everyone is on holiday. As for the fact that there is still a fund running, those who know will know. Just look at the Dragon and Tiger List of Tong Huashun before the boss and you will know."
"Um, is that so?" The colleague who asked the question couldn't help but roll his eyes.
"Hey, Xiao Xu, have you ever bought stocks yourself?" another colleague asked curiously.
The rules of private equity funds are not as strict as those of public equity funds. For example, it is actually allowed for traders to privately participate in transactions in personal accounts. As long as a certain degree of avoidance is maintained, there will be no major problems.
This is the current supervision situation, so it’s not surprising that my colleague asked this question.
"Hey, I won't tell you. I'll just say that I don't have any stocks now." Xu Jianqing said ambiguously.
Not now, but I also didn’t have it before, but I just don’t say it.
Gu Junhao had relatively high requirements for Xu Jianqing and the other two. Everything was operated in accordance with the standards of public funds. Therefore, not only did these three people not participate in stock trading privately, but their parents and other close relatives did not either.
Of course, this is also related to the high salary offered by Gu Junhao. High standards come with corresponding high benefits. If you want the horse to run, you have to give it enough grass.
The salary and benefits are good, and people like Xu Jianqing, whose career experience is as blank as a sheet of paper, naturally won't have any bad intentions.
"I see. Xiao Xu has made a fortune this time. Your bonus must be quite a lot, right?" The colleague who asked the question nodded. The hint was already very obvious. It was estimated that Xu Jianqing dared to do this only at the instruction of his boss.
"Xiao Xu must have made a lot of money this time, so he should have received quite a bit of bonus, right?"
"Your fund business department has really good treatment. You have more May Day holidays than we do. We only worked for one week this month and we were off."
"Xiao Xu, do you want a wife?"
Xu Jianqing, who felt like a fish in water, spent the whole morning in all the major departments of the company. Feeling that he had said almost everything that needed to be hinted or made explicit, he ran to Gu Junhao's office to report his experiences of the morning one by one.
"Boss, how did I do?" After saying that, Xu Jianqing said with a smile.
"Well, you did a good job. Let's leave it at that. No need to mention this anymore. If you have nothing to do in the afternoon, you can go back and spend time with your parents." Gu Junhao responded with a smile.
This guy is quite capable of doing things. I believe he will allow many employees to clear their stocks in advance. As for those who are unwilling or don’t understand, Gu Junhao can’t do anything about it. It’s hard to persuade them with kind words.
"Okay, I'll go back this afternoon and take my parents back to my hometown. I haven't been back for a long time."
"Do your parents have jobs here?" Gu Junhao had the impression that Xu Jianqing's parents seemed to come from a relatively simple background, and he didn't know how they were living after coming here with their son.
"My dad found a job as a security guard to support himself in his old age, and my mom is staying at home."
"Oh, I see. Go back and ask your mom. If you don't mind, come to the company and do some cleaning to stretch your muscles."
"Ah? Isn't this bad?" Xu Jianqing said with some surprise.
"What's wrong? Do you dislike the cleaning staff?" Gu Junhao said with a smile.
"That's not the case. There's nothing to be ashamed of if you earn money based on your own ability. Besides, the salary of our cleaning staff is higher than that of other companies. I mean, will it have a negative impact?"
"It won't have any impact. It's just cleaning. Your mother can ride in your car to and from get off work, which is quite convenient. If you're willing, she can come with you next month."
"Okay, I'll go back and ask. It would be nice to find a job for my mother. She doesn't have any friends here, and it would be more lively for her to come to the company." Xu Jianqing said happily.
"Okay then, go away and don't disturb my work."
…
On Monday, the Shanghai Composite Index surged 2.17% and officially reached 5,100 points at 5,131.88 points. The daily trading volume exceeded 1.3 trillion yuan. Starting tomorrow, MISCI will include A-shares in its emerging market index.
This is also an important historical moment for A-shares. Regardless of the outcome, it shows that my country's economic scale has reached a point that cannot be ignored by the international community.
The margin trading data hit a new high again today, approaching 2.4 trillion yuan, which is already the ceiling data for margin trading. Many individual stocks have been blacklisted and no longer provide margin trading and brokerage services.
Today, the officially merged and renamed Zhongguo CRRC officially resumed trading. Zhongguo CNR's stock has also withdrawn from the A-share market. After resuming trading, CRRC closed at the same level with a share price of 32.40 yuan.
Zhongguo CRRC's stock price hit the daily limit after resuming trading. Many state-owned enterprises, including COFCO, hit the daily limit today. The A-share market seemed to have returned to the April and May when the A-share market was dominated by stocks with Chinese characters "Zhong" in their names.
Retail investors still hold out hope for CRRC's daily limit, but big funds do not think so. The A-share market is a market for stock speculation expectations. Once all expectations have been met, all positive factors become opportunities to sell.
After the formal merger was completed and the name was changed, there was no longer any expectation for the "magic car". Its performance was not enough to support the current market value. On the second day of its daily limit, CRRC unsurprisingly followed a trend of rising to the ceiling and floor.
CRRC, which reported the upper limit in the call auction, was hit by a sell-off of more than 5.5 billion yuan as soon as it opened. In less than a minute, the stock price plummeted by 19%. The trend was even more severe than the peak on April 20.
CRRC ended the day's trading with a ceiling and floor trend. The ceiling and floor trend, and the historically high volume of 50 billion yuan throughout the day, triggered huge differences among blue chips and led to a huge market shock.
Under the huge shock of blue chips, coupled with the sharp drop of CRRC, whose weighting ratio in the CSI 300 Index has risen to 4th after the merger, the Shanghai Composite Index and the Shenzhen Component Index both closed in the red today. Among the indices today, only the ChiNext Index maintained a slight increase of 0.03%.
Currently, the top five weighted stocks in the CSI 300 Index are Ping An Insurance, Zhaoshang Bank, Minshen Bank, China Zhongche and the leading securities company CITIC Securities, while the top 10 weighted stocks account for a total of 20.58%.
At present, when the index has not been significantly distorted, it can be said that the performance of these 10 stocks has been affecting the specific performance of A-shares at all times .
On Wednesday, CRRC once again hit the daily limit, and the Shanghai Composite Index closed with a false positive line with a drop of 0.15%. In the following two trading days, the Shanghai Composite Index and CRRC did not hit the daily limit again, but it still closed with a negative line every day.
As of this Friday, June 12, CRRC closed at 24.53 yuan, a 20% drop from 29.45 yuan before the resumption of trading. Compared with the opening price on Tuesday morning, June 9, the stock price fell by 45.29%.
For some retail investors who are accustomed to the strategy of hitting the board and taking the leading position but are not resolute enough to stop loss, they entered CRRC on the 9th and suffered a loss of more than 20%. The loss rate, which was almost halved in four trading days, will be a lifelong nightmare for them.
It can be said that every day in this week has been an escape day for CRRC. CRRC's transaction volume this week reached 145.1 billion yuan, and the Dragon and Tiger List on each trading day was accompanied by a large outflow of funds.
On June 12, the Shanghai Composite Index ended the last trading day of the week with a rise of 0.87% and a turnover of 1.06 trillion yuan, and also touched the 5178 points in Gu Junhao's memory.
Within a week, the Shanghai Composite Index reached a new high of 5178.19 points with a turnover of over 5.5 trillion yuan, and finally settled at 5166.35 points, with an increase of 2.85% for the whole week.
If nothing unexpected happens, June 12 will be the highest point of the Shanghai Composite Index at the end of 2015 and even in the following years. The index reached its peak today.
Of course, the entire market is still in a carnival, with constant predictions of major high points. Predictions of exceeding the 6124 points in 2007 are considered conservative.
There were constant calls for 8,000 points and 10,000 points. 2015 was also the year when some financial big-names on certain blogs had a party, and all kinds of weird people could come out to pretend to be stock gods.
The ChiNext Index also posted an eight-day winning streak this week with a 0.36% increase. However, the index did not touch the 4,000 point mark again within a week, showing obvious weakness.
At the same time, popular stocks such as Dongfang Fortune, Tong Huashun and Yinzhijie have all fallen sharply this week. After Dongfang Fortune reported a long upper shadow positive line last week, it fell 10.5% this week. The share price has fallen below 90 yuan to 82.70 yuan.
As for the private equity fund net value announced today, Junshi No. 2 has not changed at all and remains at the same total scale of 2.781 billion yuan as last week, and the net value curve presents a straight line.
By the way, at this moment, no one doubted that Junshi No. 2 had been liquidated. As everyone was discussing the net value of Junshi No. 2, news that all traders in Junshi Capital's fund business department were on holiday also spread on the Internet.
"Fuck! What does Brother T mean by this? The fund has liquidated its positions and the traders are given a holiday?"
"It is said that the holiday will last until the end of the month. I don't understand what Brother T is doing."
"Where did you hear that upstairs?"
"This was reported by their internal staff. Brother T's operation is a bit confusing."
"Forget it, forget it. I'm scared. I'll clear out my stocks next week. Whenever Brother T runs away, nothing good ever happens."
"Didn't you say 10,000 points? Now it's only 5,178, there's still almost half left, what are you afraid of?"
"What are you afraid of? Brother T must be thinking wrongly this time. All the major authorities support the bull market of A-shares. Brother T must be operating according to his previous thinking."
"Don't panic, just go all in. There aren't many chances to get rich overnight in life. Now that the opportunity is in front of you, what's there to be afraid of?"
There was a lot of discussion online about the news that all Junshi Capital traders were on holiday, which made Zhang Yiru worried: "How can it be okay to say that? Will it cause you trouble?"
"What are you afraid of? This is just a normal operation decision of the company. However, we still need to make some preparations. I will ask the company's public relations department to find some Internet trolls to reduce the popularity."
Then, Gu Junhao smiled and said to Zhang Yiru, "Also, you should take a leave too. We can go on our honeymoon and rest for a month. That way, we will have a reason to come back later."
The company's actual controller and the fund manager went on their honeymoon. In order to prevent any accidents, the fund liquidated its positions and the traders took a holiday. This reason is barely acceptable.
After all, Gu Junhao is only 24 years old now. He has achieved such success at the age of 24, so it is reasonable for him to do some extraordinary things.
