Rebirth: The Financial Giant

When the market opened in the afternoon, the Shanghai Stock Index continued to be under pressure, with the decline expanding to -1.76%, and the Shanghai Composite 50 Index's decline expanded to -2.56%. About an hour after the market opened in the afternoon, Tiansheng Capital once again issued the latest announcement.

This announcement is about the temporary adjustment of Tiansheng Shang 50 Index constituent stocks, including An's shares in the Tiansheng Shang 50 Index, while excluding Zhongguo Ping An.

Affected by this news, Anshi shares rose sharply, driving volume all the way up. The increase expanded to 7%, and the stock price also exceeded 55 yuan. The total market value once again stood above the 900 billion yuan mark, which is far away from the trillion market value. It can be said that it is just one step away.

Then, when Zhongguo Ping An next door saw the news, investors turned back and pressed another 2 billion yuan on the lower limit to suppress the shock. The number of closed orders soared to a huge 10 billion yuan.

The investors who bought this ticket for 88 yuan today were almost in tears. This situation was going to keep going down even if it fell to the limit. It was not safe to buy this ticket. The investors felt that Big A had no way to play.

As the time came to 15:00, the noisy market finally subsided. As of the close, the Shanghai Composite Index closed at 3215 points, down -1.70%, the Shenzhen Component Index closed at 10224 points, down -1.86%, and the ChiNext Index closed at 10224 points, down -1.86%. 1697 points, closing down -1.07%. The three major indexes maintained a volatile decline throughout the day today.

Although Anshi shares surged in late trading due to the news that An's shares were once again included in the Tiansheng 50 Index, which also led to a slight rebound in the market index, it fell back towards the close of trading and was basically close to the lowest point of the day.

In the next two trading days, the power of bulls in the market wilted, and the market began to weaken.

On April 23, the two big A cities maintained a narrow range of fluctuations, falling in late trading and finally falling below 3,200 points.

On April 24, Big A emerged from the deep V market. The intraday low reached 3156 points. The Shanghai Stock Exchange Index closed a hanging line. Heavyweight stocks drove the market index to fall. The GEM was obviously stronger than the market today. Today's market trend The signs of bullish temptation are more obvious, especially the hanging neck line that comes out, basically establishing a double head.

In the first three days of trading this week, the market's money-making effect became increasingly weak. Tiansheng Holdings continued to fall after failing to hit the high before the impact on Monday. After three consecutive days of adjustments, the stock price also fell to 62,455 yuan, and its market value also evaporated by 218.5 billion yuan in three days. Yuan.

…

Tiansheng Capital Headquarters, Chairman's Office.

Han Qiulin walked slowly into Lu Ming's office and said as she walked: I just received the latest internal communication from the relevant parties in the capital. The superiors have arranged for the North American side to report on the negotiation plan of Tiansheng Capital on the holding of U.S. debt. I’ll leave it to you to talk to people in North America, and we’ll take advantage of the company’s annual shareholders’ meeting on May 5 to start the interview.”

It’s the end of the month, April is about to come to an end, and May is coming soon. Tiansheng Capital will hold its annual shareholders’ meeting on May 5 every year. Now it has become a globally recognized investment event. Since last year's shareholders' meeting, it has already had world-class influence, and with Tiansheng Capital's current momentum, its influence has become stronger year by year.

The annual general meeting is a great opportunity to have face-to-face conversations.

At this moment, Lu Ming was quite surprised when he heard this. He immediately looked at Han Qiulin and said, Let me come for an interview? Does the boss mean that I should make the decision on this matter?

Han Qiulin nodded.

Lu Ming withdrew his gaze and thought about it without saying a word. After a while, he couldn't help but laugh and said: The upper management is smart and stable after all!

The beautiful country on the other side of the ocean asked Tiansheng Capital to buy its debt, and the superiors directly handed over the matter to Lu Ming to make a decision. The clever part was that no matter what the outcome was, Lu Ming had nothing to say, and the blame could not be dumped. , and now it is a great test of Lu Ming's grasp and control of it. This is a test of wisdom. It is a classic matter. You can figure it out, and the most difficult thing in the world is precisely It’s something to do”.

Even though the degree of freedom is high, you have to bear the consequences yourself. You can't take the blame. If you don't do well, you can be criticized.

In this way, Lu Ming will have to worry about this matter. Anyway, you can do whatever you want.

Moreover, Lu Ming can no longer push the matter forward. Another meaning of asking you to take care of it is to appreciate and be optimistic about your ability and believe that you can handle the matter properly. Otherwise, you will not be allowed to shoulder the burden. , if you throw it up with your backhand, it is a clear choice, showing off your temper, failing to live up to the appreciation of your superiors, looking wrong, not having a sense of the overall situation, embarrassing your big job, and so on.

That would be troublesome. Lu Ming obviously couldn't get involved again. This matter must be taken over and done well.

For Lu Ming, being able to do whatever he wants is actually not a bad thing. For those who have the ability, they are happy to have the right to do whatever they want so that they can have free hands and feet to do whatever they want.

Brother No. 1 is thinking of digging a hole for the people on Wall Street.

Finally, Lu Ming put away his thoughts, handed a piece of information on the table to Han Qiulin, and said concisely: Take it and disclose it.

This is an important reminder announcement for the last five trading days before the redemption of the company's convertible bonds, namely Tianshengzhuan 2.

Han Qiulin took the file and left Lu Ming's office.

An hour later, Tiansheng Capital announced it.

May 6, 2019 is the last trading day and conversion day of Tian Sheng Zhuan 2. After the market closes on May 6, Tian Sheng Zhuan 2 that has not yet converted will cease trading and conversion. The company will compulsorily redeem Tian Sheng Zhuan 2 at a price of 100.28 yuan per piece. Investors who bought Tian Sheng Zhuan 2 on that day can still apply for share conversion before the market closes on that day.

Tianshengzhuan 2 redemption price: 100.28 yuan/piece (bond face value plus current accrued interest (including tax), current interest rate 0.35%), the redemption price after tax is subject to the price approved by Securities Depository and Clearing Co., Ltd. .

Trading cessation and share conversion date: May 6, 2019.

Redemption date: May 6, 2019.

The issuer’s fund arrival date (arrived in the settlement company’s account): May 9, 2019.

The date when investors’ redemption funds will be received: May 15.

…

As soon as this news comes out, it means that Tiansheng Holdings will face pressure from share conversion in the next few trading days, and Tiansheng Holdings will be under pressure, which basically means that the market will be under pressure.

To make matters worse, the market also brought bad news. The two meetings from April 19th to 22nd, coupled with the recent two late-night rumors refuted by the central government, sent an increasingly clear signal, that is, the monetary policy has improved. To put it bluntly, the reduction of power means that the expectation of a RRR cut is gone. This is an expectation that directly affects market liquidity.

After stock investors ridiculed the lowering of stock prices for breaking appointments and shrinking the volume of spicy noodles, Yangma made another bowl of special spicy noodles.

The next day, April 25, the market opened.

The Shanghai and Shenzhen stock markets jumped short and opened lower. Big A was immediately numb, and so were the stock investors.

In early trading, the green market basically fluctuated sideways along the -0.5% range below the zero axis. During this period, the brokerage and insurance sectors had three consecutive short-term increases in the index to induce bullishness. The increase of Tiansheng Holdings once expanded to +1.14%, and the stock price once exceeded 63,000 yuan. .

There were no big fluctuations throughout the early trading, and everything seemed stable and normal. This led many people to judge that the stock king should be fine these days, and the pressure for stock conversion should be on that day, that is, May 6, and should be under pressure this week. Nothing will go wrong.

If the stock kings can stabilize, the market can stabilize.

But when the market opened in the afternoon, the market trend changed rapidly. Tiansheng Holdings' stock price rushed to 62,920.66 yuan, but after just touching the 5-day average price line, it turned around and dived, and it fell with volume.

As soon as the stock king plunged, the brokerage firms couldn't hold on and immediately fell flat. The decline quickly expanded to -3%, and then dragged the market index to jump all the way, which also led to a considerable decline in volume.

In the early trading, everyone felt that the pressure on Tiansheng Holdings to convert its shares would be under pressure until May 6. Before the market opened, everyone also considered that they might react in advance, but unfortunately the main funds performed too well. In the afternoon, they directly attacked and were caught off guard.

After the close, Tiansheng Holdings quoted a price of 61,023.15 yuan, down -1.91%. This is already the fourth consecutive negative line of decline after the stock king failed to hit the previous high, and today's volume fell by 23.8 billion.

The most speechless thing is that today's K-line closed by the stock king is a barefoot Yin K-line, indicating that it has closed before it fell through. This is to test the support of the 60,000 yuan round figure again.

The market was even worse today, with the Shanghai Index basically closing at its lowest point throughout the day. As of the close, the Shanghai Index fell by -2.43%, the Shenzhen Component Index fell by -3.21%, and the ChiNext Index fell by -2.84%.

Tiansheng Holdings and the market index are running almost simultaneously, and both have emerged from four consecutive negative periods. Overall, the market has reached the present, and the double-headed M top pattern of the market has been established, completing the final top, which also means that the spring of 2019 The market is over.

Those who should run have basically run away, and those who are still holding on to illusions are basically a group of people who caught up when the market rose on April 16 and tried to get back their money and leave again.

…