Rebirth: The Financial Giant

Chapter 425 [Wall Street Fury]

As soon as the call auction opened today, Zhongxing Communication was pressed to the limit of one word when it resumed trading. It did not mean to open until the opening, and the funds in it were stomping away.

However, the market did not have too much surprise, nor was there such a big panic. It was in line with the market's expectations that such a big thunder broke out of the one-word limit. The communication equipment sector opened lower today but did not plummet, because it has fallen miserably. .

The fact that Zhongxing Telecom was hit by the word limit today actually made the market interpret it as a bad landing and fulfilled the bad expectations. The other stocks in the sector should have fallen almost a few months ago, and Zhongxing Telecom is just compensating for the fall after the resumption of trading. That's it.

When the news broke, Lu Ming paid attention to Zhongxing Communication for the first time, and now he is waiting for Zhongxing Communication to buy the bottom after this round of sell-off.

Unsurprisingly, the seven consecutive boards started with a cut in half. Today's first price limit fell to 28.18 yuan. This wave of consecutive boards hit the lowest limit below 12 yuan. I have to say that the killing was a bit ruthless.

No matter how Zhongxing Communications can be said, even if it is not as good as Hua Wei, it is still a giant in the global communication field. Hua Wei is not listed. Zhongxing Communications is a leading stock in the big A communication sector and 5G, with a market value of more than 50 billion. This is the rhythm of sending money.

...

Please come in!

Lu Ming, who was sitting in the boss chair in the office, heard the knock on the door and closed the market software. Han Qiulin walked in, Chairman, what are your instructions to me?

Seeing her come in, Lu Ming walked out of his desk and said, I want to prepare a report and submit it. Come here and use my work computer, and I will read it for you.

Han Qiulin nodded and immediately came to Lu Ming's desk, sat down on the boss's chair, and turned on the computer. While preparing, she couldn't help but say, Is it submitted to the China Securities Regulatory Commission?

Standing by the floor-to-ceiling windows of the office, Lu Ming looked at the scenery of Ningzhou City, and said succinctly, Internal reference!

A look of surprise appeared in Han Qiulin's eyes. Now Lu Ming has this qualification.

After a while, Han Qiulin looked at Lu Ming and said, It's ready.

Next, Lu Ming started from Pinduoduo's listing in the United States. He paced back and forth while dictating outside his desk. Han Qiulin also quickly put his dictation on the copy.

Afterwards, Lu Ming sat down on the sofa in the rest area, and while making tea, he said, This year, the listing of domestic companies in the United States can be described as 'splendid'. The number of listed domestic companies will be close to 50 or even more than 50. This year, the number of listed companies and the wide range of industries are rare for several years.

The first half of the year is about to come to an end, and global investors across the Pacific have witnessed the rapid progress of popular Internet entertainment companies such as Ai Xyi and Bi X Bili, as well as the current Pinduoduo, as well as the high-tech led by big data AI. Companies, as well as education companies, service companies, etc. in various segments, I am heartbroken when I see such a list.”

The biggest problem here is not about a certain unicorn company, but in the past decade or two, almost all unicorns in China have been listed overseas. Almost all of them, what is the essence of this phenomenon?

The essence of the listing of domestic unicorn companies in the United States is that we believe that this is equivalent to using our high-interest assets as a credit endorsement for the U.S. dollar.

How do you say this? Because if the U.S. dollar only completes consumption purchases, commodity purchases, or investment in North America, it cannot confirm the global value of the U.S. dollar, or the value of the U.S. dollar itself, and it must complete the global closed loop overseas. Only the flow can complete the confirmation and anchoring of the value of the dollar.”

In this world, someone must be able to provide super-large assets to complete the confirmation of the value of the dollar, and the assets provided must be extremely cheap and seriously undervalued high-quality assets, including those in China that are almost all above the scale. Internet company.

Seeing that the top ten financial institutions in terms of total market capitalization in our securities market are all financial institutions, but there is no digital company, don't we have big men like Facebook, Amazon, and Google? Haven't we entered the digital age? ? We have already entered the era of the digital economy, and we also have big guys.

It's just them, the most high-quality assets, the big guys all go to overseas listings without exception, and most of these high-quality high-interest assets are the wealth obtained by monopoly, and now they all go to North America or the extension of the US dollar to list, to sell for the US dollar. The severe asset shortage faced provides strong asset price support.

At the same time, in our securities market, our stockholders and our investors are faced with excess capital and can only speculate in small, poor and rubbish speculation. There are only dozens of high-quality leading companies with high interest rates, and their PE valuations are also high. It was pushed to the sky, because the highest-quality high-interest assets went to Laomei to be listed, which led to the scarcity of domestic high-quality assets, which in turn pushed out a higher-than-normal and reasonable valuation range.”

Tiansheng Capital's internal investment and research analysis team made a list of the total assets of all domestic digital companies and unicorn companies that went to North America to list, and looked at how many assets we provided, our annual foreign exchange, a large number of The foreign exchange is consumed for the dividends of these companies listing overseas.”

We sell foreign exchange that we earn from cheap shirts and socks, but we consume foreign exchange for the process of these companies going to North America to go public. After the global financial tsunami in 2008, we have passed the capital scarcity cycle and entered the capital. In the surplus stage, we are also faced with asset shortages, why should we provide severely undervalued assets for other people’s severely overvalued currencies?”

This situation has to be turned around...

...

At the end, Lu Ming came to the desk after dictating, stared at the screen and browsed the text to confirm that there was no problem, nodded and said, That's it, submit this report as soon as possible.

Han Qiulin: Okay.

At this moment, Lu Ming's cell phone rang. Lu Ming took out his phone from his pocket and glanced at the caller ID, and immediately answered with a smile: Old Huang...

The call was from Huang Zheng, the founder of Pinduoduo. It has been almost half a month since the two parties met last time. Huang Zheng on the other end of the phone said, Mr. Lu, I plan to make Pinduoduo listed in China!

When Lu Ming got this reply, he was in high spirits on the spot, and Han Qiulin next to him was also very surprised. It was the first time she saw Lu Ming reveal his joy so unabashedly.

Isn't this exciting? Pinduoduo's decision to make such a decision is of great significance. It is by no means as simple as a simple listing of a company. It can be called the beginning of an era.

After Lu Ming restrained his emotions, he replied with a faint laugh: I didn't meet to say such a big decision, just a short sentence, but I know how much pressure you have endured during this period of time to make this decision. On behalf of Tiansheng Capital and its LP members, thank you for choosing to go east.

Huang Zheng on the other end of the phone said with laughter, After all, the sun rises from the east.

The two sides chatted for less than three minutes and ended the call. The more important things seemed to be decided rashly. Lu Ming immediately looked back at Han Qiulin and said, Adjust the previous content, Pinduoduo has already decided. Willingness to go public in China, this can be clarified.”

Han Qiulin immediately adjusted the report according to his wishes, and Lu Ming said in a good mood: Everything is said to be difficult at the beginning, and Lao Huang is a good sign for everyone.

On the same day, the report was submitted as quickly as possible.

On the afternoon of the same day, Pinduoduo suddenly announced the termination of the listing plan in the United States, and Huang Zheng personally presided over a temporary press conference to announce the news, and at the press conference, he expressed to the outside world that Pinduoduo would be allowed to log in to the A shares. will of the market.

Good guy, this sudden news came out, and it caused an uproar in the domestic and foreign capital markets that day. The news spread across the sea to North America, and Wall Street was outraged!

...

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