Rebirth of the investment era

"Today, the purchase amount of Huashang Securities Yuhang Fortune Road Sales Department reached more than 3 billion?" At this moment, Liao Guanghua, the general manager of Huashang Securities' self-operated investment department in Yanjing, received the document information handed over by his assistant, with a look of surprise on his face. With a look on his face, he asked urgently, "Is the 'Yu Hang Department' dispatched?"

The assistant responded: "That should be the case. No one in the Yuhang Fortune Road Sales Department has such a large amount of funds except for the 'Yuhang Department' funds."

"So, today's funds for the two core lines of 'infrastructure' and 'state-owned enterprise reform' are from the 'Yu Hang Department'?" Liao Guanghua said, his eyes hurriedly focused on the two markets that had already been fixed. , ordered the fund manager Wu Dayong on the side, and said, "Dayong, please take a look at the core component stocks of the two lines of 'infrastructure' and 'state-owned enterprise reform' that have changed today."

Wu Dayong responded, and then called out the corresponding target stocks.

"It should be right." Liao Guanghua stared at the market of many target stocks, pondered for a while, and sighed, "It's not a small feat. He actually killed a counterattack at this position. It's amazing, amazing!"

"Mr. Liao, are you sure it's the Yuhang Department's funds in the tray?" Wu Dayong subconsciously continued to ask after hearing Liao Guanghua's emotion.

Liao Guanghua smiled softly and said: "Today's transaction volume of the Yuhang Fortune Road Sales Department cannot be deceived. The daily transaction volume is more than 3 billion. This sales department, except for the funds of the 'Yuhang Department', will not There are other people out there who are able to day trade this volume, so you can’t go wrong.”

"I really didn't expect that the funds from the 'Yu Hang Group' would actually return to the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform.'" After hearing Liao Guanghua's decisive answer, Wu Dayong couldn't help but sigh, " Today, the funds of the 'Yu Hang Group' are basically raised on these two main lines. Moreover, their large-scale involvement in these two main lines should be a sure sign that in the subsequent market trend, these two main lines can still be maintained. Will it set off a relatively big market trend?"

"There is no doubt about it!" Liao Guanghua nodded.

"But..." Wu Dayong paused and continued, "Why are they so sure? Judging from the previous market trends, it is obvious that the 'growth stock' route in the direction of small and medium-sized boards and GEM is more dynamic and more It is popular with active funds in the market, and the small and medium-sized board and GEM market lagged seriously during the rebound in April and May. In this round of adjustment trend, both the adjustment space and time are relatively sufficient. The subsequent market conditions have the potential to explode. It is obvious that the 'growth stock' route in the direction of small and medium-sized boards and GEM has a higher probability of explosion."

Liao Guanghua thought for a while and said: "We are not insiders of the company and have no way of knowing the specific logic followed by the other party. We can only make rough guesses. And based on the guess...the other party's choice may be due to operational path dependence, or it may be I feel that the two major themes of 'infrastructure' and 'state-owned enterprise reform' still have good room for speculation, and the market attention is not low."

"What do you think, Mr. Liao?" Wu Dayong said, "Which direction do you think has more potential for a market explosion?"

Liao Guanghua narrowed his eyes slightly, pondered for a moment, and said: "Based on the market trends during the day, in fact, whether it is the two lines of 'infrastructure' and 'state-owned enterprise reform', or the 'growth stocks' line in the direction of the small and medium-sized board and GEM. All lines should have the opportunity and potential for the market to explode, and the main financial groups in the market, attack and active directions, are also in these main line areas, which is enough to illustrate the problem. "

"but……"

Liao Guanghua paused and then said: "Although both directions and each main line have the logic and space for speculation, after the 'Yu Hang Department' funds participate on a large scale and make big bets in one direction, I am afraid the result will become It’s biased.”

"Understood!" Wu Dayong nodded slightly, "With the influence of the 'Yu Hang Group' funds, once the seat of 'Fortune Road' appears on the Dragon and Tiger List, the retail investors will follow suit, as well as other major funds. Trading behavior is enough to break the balance of the market and change the direction of sudden market changes."

Liao Guanghua nodded and said: "Yes, I was thinking... In today's situation, the reason why the funds of the 'Yu Hang Group' dare to buy bargains on such a large scale is that they are blatantly undermining 'infrastructure' and 'state-owned enterprise reform'" In this direction, if you gamble billions of funds without hesitation, you should also think that you can use the influence of your seat to make changes and guide the market trend, right?"

"Based on the past historical investment style of the 'Yu Hang Group', their operating style has always been relatively decisive and radical." Wu Dayong responded, "And...it seems that they have never missed a bet!"

"What are the results of holding positions in the directions of 'infrastructure' and 'state-owned enterprise reform' for the main products of our company's self-operated funds?" While Wu Dayong was sighing, Liao Guanghua pondered for a while and then asked, "And , how much cash do we still have available?”

Wu Dayong responded: "Our company's several self-operated main fund products do not hold many positions in the direction of 'infrastructure' and 'state-owned enterprise reform'. As for the book cash that can be used for immediate investment, there is quite a lot. Almost 10 billion in funds can be used.”

In view of the continuous downward correction trend of the market in mid-to-late May and early June.

They have already turned to the defensive stage in terms of position control of each major fund product, and have reduced the positions of each major fund product to about 30%.

Therefore, the entire company currently operates its own investment department.

Regardless of which main line the holding chips are, there are not many, and correspondingly... there is a lot of vacant cash.

Of course, although they are completely light on the specific positions of each major fund, in terms of public market statements, they still resolutely express their bullish remarks to the outside world as the market continues to fall and adjust. The 'right attitude' one should have.

And this is the current situation.

In the domestic asset management circle with the background of "state-owned assets" in the entire secondary market for stock market investment, this is basically the norm.

Everyone verbally cooperated with the regulators, resolutely bullish the market outlook, and made positive remarks to the outside world, but in fact, they all continued to reduce their positions to a lower-risk position early on.

"In that case..." Liao Guanghua said, "then starting from tomorrow, add the positions of all the company's main fund products."

"Change the strategy and return to a positive attitude towards taking over?" Wu Dayong asked.

Liao Guanghua nodded and said: "Yes, at this time... we should actively plan and turn short."

"Wait until the Shanghai Stock Index enters the bottom range of 2,000 points again?" Wu Dayong continued to ask.

Liao Guanghua replied: "The large-scale intervention of the 'Yu Hang Group' funds is very likely to change the existing trend of the market, and at the same time reverse the market's investment sentiment and investment confidence. Furthermore... the gap between the Shanghai Stock Index's 2,100 points and 2,000 points has already It’s not big anymore. At this time, it is reasonable to add back the position and change the trading strategy.”

"at the same time……"

Liao Guanghua thought for a while and said: "We have always maintained a low position operation situation, and it is not good to passively respond to the pressure released by the regulatory authorities. Now that someone has lit the fire and carried out pallet operations at this position, then we will follow the trend and help stabilize the situation." The board is also what it should be.”

"Okay!" Wu Dayong nodded and responded, "I'll give the order later."

"Oh, by the way..." Wu Dayong paused and then said, "After changing the trading strategy, in terms of increasing positions, will the two main areas of 'infrastructure' and 'state-owned enterprise reform' be the main focus? "

Liao Guanghua replied: "The main thing is to lay out this field!"

Wu Dayong nodded and said: "Okay, but I'm wondering if the 'Yu Hang Group' is in this position so suddenly and has such a large-scale aggressive increase in positions. In addition to the reasons just mentioned, is it because of the national macro-level, targeting the 'infrastructure'?" What benefits are to be released in the two major directions of ' and 'state-owned enterprise reform'? I have heard that the 'Yu Hang Group', in addition to having a keen sense of smell on the market, also has market intelligence capabilities within its asset management company. It’s not easy, you can often find out some gossip circulating within the system in advance.”

Liao Guanghua shook his head slightly and said: "In terms of news, I haven't heard of any good news."

"Oh, maybe I'm overthinking it." Wu Dayong replied.

Although he believed that the "Yu Hang Group" funds had aggressively increased their positions on a large scale at this position because they had heard some news, but since Liao Guanghua said that there was no change in the news, he could only truly believe it. , after all, compared to the so-called situational capabilities within the 'Yu Hang Group' asset management company, he believed that Liao Guanghua's exposure to information and connections was definitely much greater than that of the other party.

"Dayong!" Liao Guanghua saw that Wu Dayong was still a little dazed. After thinking about it, he couldn't help but remind him, "Don't think about things like inside information. As market traders, the most important thing is to start from the market itself. Analyze and judge based on the trend, the rest... are just trivial matters."

"If you blindly focus on the narrow path and forget the right path, the result will be a wrong step and a wrong step."

"We have been observing the capital of the 'Yu Hang Group' for a long time. The reason why the other party has reached this point and formed its current market influence and capital scale is by no means just relying on the hype of 'inside information' and connections. It can be accomplished through relationships and the like.”

"We still have to face reality and the basic logic of market trends."

"Focus on market expectations, sentiment, fundamentals, and capital and conduct in-depth research. Only then will we be able to take a wider road and make our performance better and better!"

"Yes!" Wu Dayong responded, "Mr. Liao, I understand. Don't worry, I will arrange it immediately."

After saying that, Wu Dayong immediately turned around and left Liao Guanghua's office, returning to the trading room of the proprietary investment department to correct the overall trading strategy and arrange tomorrow's trading tasks in advance.

At the same time, the internal trading room of E Fund Asset Management, the internal trading room of Shenzhen Pingyin Asset Management, the trading room of Yuhang Yinhua Public Fund... and other large asset management institutions with "state-owned assets" backgrounds in various cities and places were also undergoing conflicts. A similar scene occurred in the proprietary investment department of Yanjing Huashang Securities.

Especially within the Yuhang Yinhua Public Fund.

Zhou Yang, the fund manager of the 'Value Investment Mixed Selection' product, after learning that the Huashang Securities Yuhang Fortune Road Sales Department bought more than 3 billion in funds today, he stood up from his office chair almost instantly. , with a look of excitement and excitement on his face, he laughed and said: "Finally, when the funds of the 'Yu Hang Series' are released, the market should have a clear rebound trend."

"The lines of 'infrastructure' and 'state-owned enterprise reform'..."

He pondered: "It seems that there is a high probability that it will make a comeback. No, we have to make arrangements as soon as possible, yes, make arrangements as soon as possible!"

As he spoke, he walked quickly towards the trading room.

Then, in 2 minutes, when he arrived at the fund trading room, he looked at Zhu Peng, the trading team leader and assistant to the fund manager who was working hard to review the trading and making tomorrow's trading plan, and ordered: "Stop doing any review. The market has already received clear news about the two lines of 'infrastructure' and 'state-owned enterprise reform'. We will focus on these two lines tomorrow and add all the positions in our fund products as soon as possible."

"Clear news?" Zhu Peng was a little confused and asked, "Mr. Zhou, what clear news!"

Zhou Yang briefly recounted the gossip he had received, and then continued: "As long as you know it, don't spread it randomly. While the news is not fermented and the market is still in a period of random speculation, pay close attention to the layout. I estimate, 'Infrastructure ' and 'state-owned enterprise reform', there is a high probability that the market will make a comeback."

"Is it the 'Yu Hang Group' funds on the tray today?" Zhu Peng's eyes widened and he was very surprised. "I thought it was the 'National Team'. Judging from the style of the tray, it looks too much like the big financial institutions such as China Securities Finance and Huijin." Oh, I really didn’t expect...Mr. Su would actually take action at this time."

"It's quite surprising." Zhou Yang said, "I just hope that the 'wealth road' on the dragon and tiger list today will not be exposed like this, otherwise tomorrow's 'infrastructure' and 'state-owned enterprise reform' lines will be difficult to achieve." Buy some."

Zhu Peng looked excited and said: "Mr. Su's 'Fortune Road' seat should not appear on the Dragon and Tiger list today."

"Are you so sure?" Zhou Yang said in surprise.

Zhu Peng responded with a smile: "I have just carefully reviewed today's market trends and sorted out the list of stocks with concentrated super large orders this afternoon. I found that most of these stocks are concentrated in 'infrastructure', 'state-owned enterprise reform', ' The main areas of "military industry" and "Internet finance", which basically moved at the same time, were medium and large-cap stocks with relatively large circulation. No small-cap concept stocks were found. At the same time, among these stocks with abnormal movements, there were no stocks with the upper dragon. For stocks with Tiger List conditions, if according to what you said, Mr. Zhou, the main funds selling trays today are the 'Yuhang Department' headed by Mr. Su..."

Zhu Peng took a sip of water and continued: "That should mean that Mr. Su is deliberately avoiding the Dragon and Tiger List, and it also means that they don't want to expose their seats and operating motives in advance at this point in time, so I said Mr. Su’s ‘Fortune Road’ seat should not appear on the Dragon and Tiger list today.”

After hearing Zhu Peng's analysis, Zhou Yang breathed a sigh of relief.

"You just said that this afternoon, in the list of synchronously moving stocks with obvious large capital trays, many of them are stocks in the two main lines of 'military industry' and 'Internet finance'?" After Zhou Yang breathed a sigh of relief, he thought about Zhu Peng's analysis. In the conclusion, there seemed to be some important and useful information. I couldn't help but ask again, "Are you sure it's a stock in the two main areas of 'military industry' and 'Internet finance'? And...it is indeed related to 'infrastructure' and ' Do all the stocks that have changed in the field of state-owned enterprise reform move simultaneously?"

Zhu Peng nodded clearly and said, "OK!"

As he said that, he immediately handed Zhu Yang the list of stocks that had changed during the review, and then said: "There are nearly 40 stocks involved, and I believe these are not all, except for 'infrastructure' and 'state-owned enterprises'. The constituent concept stocks in the field of reform, such as Huaguo Heavy Industry, Huahang Mechanical and Electrical, Huahang Optoelectronics, Airfa Power, Huaguo Great Wall, Airfa Technology, Oriental Fortune, Flush, Hengsheng Electronics... these dozen stocks have all changed. It is very obvious, and these stocks basically belong to the two main conceptual fields of 'military industry' and 'Internet finance'."

"'Military Industry' and 'Internet Finance'..." Zhou Yang's eyes kept flickering, and he thought in his mind, "Are these two lines also the key areas of attack for the 'Yuhang Department' to build a warehouse? The 'Internet Finance' line, The expectations and hype logic are not bad compared to 'infrastructure' and 'state-owned enterprise reform'. The 'military industry' line has obviously been a main line with relatively poor market trends recently. The logic of laying out this line... what is it?"

"Mr. Zhou!" Seeing that Zhou Yang was a little stunned, Zhu Peng couldn't help but remind him, "Do we need to simultaneously increase positions in the two lines of 'military industry' and 'Internet finance'?"

When Zhou Yang heard Zhu Peng's voice, he came back to his senses, thought for a while, and asked: "Do the funds we manage have so much available funds for multi-line layout?"

"Currently, the level of our fund positions is not high." Zhu Peng said, "The cash that can be used to increase positions is still sufficient, that is... if there is a multi-line layout and the positions are relatively dispersed, in case the market outlook changes, there will be one or two layouts If the main line is not revealed, we may be a little passive."

When Zhou Yang heard this, he continued to think about it for a while.

Considering that the current net value of fund products ranks in the industry, it is basically at the middle and lower reaches, which is not optimistic.

If the multi-line layout takes into account some main line areas where the market outlook is less certain, and funds are dispersed, it will definitely have an impact on the net worth performance in the market outlook.

So, after pondering for a while, he gave up the idea of ​​a multi-line layout and said: "Relatively speaking, the market prices of the two main lines of 'infrastructure' and 'state-owned enterprise reform' are still more certain than those of 'military industry' and 'military industry'. The two lines of Internet finance are much larger, and the capital volume of our fund products is far less than that of the 'Yu Hang Group'. The two lines of 'infrastructure' and 'state-owned enterprise reform' alone are enough to accommodate it."

"In this case, there is no need to consider diversifying positions."

"Just follow the list of stocks with obvious changes that you compiled today, and focus on increasing positions according to the two concepts of 'infrastructure' and 'state-owned enterprise reform'. The rest... don't worry about it for the time being, we don't have that much energy and energy." Funds are used to lay out multi-line market conditions.”

"Okay!" Zhu Peng responded and immediately began to make corresponding trading strategy arrangements.

Along with the well-informed major institutions similar to Yinhua Public Fund Company, they have made adjustments to their investment strategies, switching from idle to long.

At this time, the time moved to 5:30 pm.

Amid much attention, the data on the Dragon and Tiger rankings of the two cities were refreshed as scheduled.

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