Rebirth: The Financial Giant

On Thursday, December 31, the main board closed at 3539.18 points, down today is also the end of the last trading day in 2015.

Major financial media have also begun to report the review of the domestic capital market since 2015, as well as the outlook for the new year.

There is no doubt that the skyrocketing and tumbling year of 2015 was an unforgettable year for the more than 100 million shareholders of Big A. How crazy was the super market in the first half of the year, and how desperate was the flash crash in the second half of the year.

The accumulation of ten or even twenty years of struggle by countless middle-class families has been wiped out in the flash crash of the leveraged mad cow market. 21 trillion has evaporated in half a year without even seeing the gunpowder. !

This is the capital market.

The vast majority of investors "deposit money" in the stock market and cannot withdraw it.

Hello everyone, we will find gold and coin red envelopes every day on our official account. Just pay attention to receive the last benefit at the end of the year. Please seize the opportunity. Official account [Book Friends Base Camp]

Tong Huashun has become the most expensive "game" software in the mobile phones of the majority of investors. This is the most expensive "mobile game" in history. There is no such thing.

With the end of the last trading day in 2015, the year-end ranking of fund performance was officially locked in data.

In 2015, the net value of 21 OTC funds increased by more than 100%. Among them, the second-ranked “E Funda Emerging Growth Hybrid” has increased its net value cumulatively in the past year, which can be said to be very eye-catching.

It is a pity that such a dazzling result can only be ranked second.

And the size of this fund is relatively small, with a plate of 2.7 billion.

The top one is the Tiansheng Value Growth Hybrid Fund without any suspense. After the closing, the name of this fund has been listed in major financial media securities newspapers.

[The annual fund performance rankings are released, and Tiansheng Value Growth Mix won the first prize in one fell swoop! ] - "Dong Cai"

[This fund's 2015 range-bound growth has created an almost unrepeatable myth in the history of global funds! ] - "Financial Association"

[The cumulative increase of more than 19 times throughout the year is worthy of the name of "Tiansheng Enchantress"! ] - "Xinlang Finance"

...

Not only the media are competing to report this exaggerated performance, but also the shareholders and the public are also hotly discussing, and forums such as major stocks, fund exchange groups, and Taoba are also hotly discussing.

"It's really a long time to see series. ExpoFeng Technology, which landed on Big A in March 2015, won the annual demon crown with the most annual increase. It is the well-deserved king of the demon king of individual stocks in 2015. I don't think there will be more than this data. Existence, it turns out I'm still too young."

"This is a fund? It's too ruthless, you are a fund, not a stock, don't be so outrageous!"

"Just ask who can think of it? The arrogant Expofeng Technology was actually held down by a public fund. This year's most arrogant fund is actually a public fund."

"The performance of Tiansheng's value growth mix really makes me feel stupid."

"This is unprecedented, and I'm afraid there will be no later comers."

"Tiansheng Yaoji, worthy of her name!"

"Don't say anything, the first brother will always drop God!"

"My own operation was as fierce as a tiger, and as a result, the account lost money all year round. The thing I regret most this year is not getting on the bus Tiansheng Yaoji!"

"Everyone thinks that the first brother will definitely fail after letting Tiansheng Yaoji switch the price. What's the result? The net worth increased by +87% in the fourth quarter. How many people can get this income within three months? I'm afraid 80 More than % of the shareholders can't win."

"Be confident, at least 90% of you didn't win!"

"The pattern is small, at least 95% or more."

"The first batch of people who subscribed for it made a swollen profit this year. I'm really envious of it. If the dividends ordered are invested in Nima, the income will explode!"

"It seems that Tiansheng Yaoji hasn't paid dividends yet, but it's also exploded."

"This is still a hammer stock in Nima. Next year, I will directly stud the Tiansheng Yaoji, and then lock the position and not look at it. The labor and capital are asking for the price. I said, **** can't stop it!"

"Me too!"

"Me too!"

"Me too!"

...

The annual performance of Tiansheng Value Growth Hybrid Fund in 2015 directly blinded countless people's titanium alloy dog's eyes, and the over 19 times return is an epic magic level.

No one would have thought that this active public fund could actually put the 2015 single-stock demon king Expofeng Technology on the ground.

And the magical performance also drives the investors' subscription boom. As of December 31, 2015, the scale of Tiansheng's mixed value growth fund has reached the 32.6 billion yuan mark.

The speed of its expansion has been rapid, and the subscription data shows that the reason for the surge in subscription funds in the past half month is that institutional funds and super-large funds have also come in to arbitrage.

Can this be tolerated?

Obviously, Lu Ming can't bear it. It's not a good thing for such large institutional funds to come in. He is not afraid of the large amount of funds.

It is not ruled out that there are malicious intentions to make trouble.

If the redemption of more than one billion yuan is carried out at every turn, the fund will have to sell stocks to realize the redemption funds if the book cash is not enough, which will inevitably affect the position portfolio, and also affect the stock price diving, thus affecting the net value income of the entire fund.

Lu Ming is not worried at all if he comes in and holds it for a long time, but Tiansheng Value Growth Mix is ​​an open-ended public fund, free to apply for redemption, which gives them a loophole.

During the New Year's Day holiday on January 2 of the new year, Tiansheng Value Growth Hybrid directly issued an announcement to adjust the subscription rules. For new funds subscribed from the first trading day of the new year on January 4, investors will redeem the size of the fund. More than 50 million or more need to make an appointment on T+15.

Lu Ming doesn't mind the inflow of institutional funds and large-scale funds. Anyway, the management fees are paid as they should. Just don't do that kind of operation that suddenly redeems you more than 100 million yuan. The fund operation is very passive.

With the agreement on the T+15 day, we can easily adjust positions and exchange shares.

...

At around nine o'clock this morning, Lu Ming came to the company and entered the trading room. This was the first time he entered the trading room after more than three months.

When he came, it wasn't just Li Mingyang that traders felt unusual.

At this time, there are still seven or eight minutes before today's call for auction. Li Mingyang chatted and said, "Mr. Lu, what do you think of the official implementation of the circuit breaker mechanism? What impact will it have on the capital market in the future?"

In the past month, the biggest thing for the domestic capital market is that the circuit breaker mechanism has been officially implemented since January 1, 2016. The relevant regulations on index circuit breakers were officially released in early January last year, and the circuit breaker benchmark index is Shanghai and Shenzhen. 300 index, using two thresholds of 5% and 7%.

That is, if the CSI 300 index rises or falls by more than 5%, trading will be suspended for 15 minutes, and when the rise or fall exceeds 7%, the trading hours will be suspended until the close.

Today is the first trading day of the new year and the first trading day when the circuit breaker mechanism is officially implemented.

Hearing Li Mingyang's words, Lu Ming took a long sigh and was speechless for a long time. He shook his head to himself. Li Mingyang was confused when he saw the BOSS's reaction.

Lu Ming glanced at Old Li and said concisely, "It's going to collapse!"

Some words can't be said, and they can't be too white.

Li Mingyang was surprised: "Crash? No way, Mr. Lu, after the flash crash in the second half of last year, the risk should have been released. Even if the current valuation is still too high, it will not flash crash."

Lu Ming sighed: "The tightening of the two financial institutions in the first half of last year has directly or indirectly led to a more popular off-market private equity allocation, which has instead driven the market soaring. The management's starting point is good, but the reality is often the opposite. The purpose of playing the circuit breaker mechanism is to prevent a stock market crash, and the starting point is also good, but there is a high probability that it will reverse and cause a bigger stock market crash."

Having said that, Lu Ming looked at Li Mingyang and nodded his head and added: "Man~www.novelmt.com~ People here often like brain supplements, and the current environment is not very good, you are doing such a thing at this time. If it comes out, can we not make up for it? The market sentiment will wonder, is there really a big problem? But I don’t know the specific situation, so what should I do?”

Li Mingyang said without hesitation: "Thirty-six strategies are the best strategy, I don't care so much, I will run away first."

Lu Ming snapped his fingers: "So, when I thought about it this way, nothing happened, and the market would inevitably lead to a stampede flight. After seeing the market crash, I made up my mind that my judgment was right. Look, It's a flash crash, when the market started to melt for the first time, the market panic caused further funds to flee, and the market would definitely go straight to the second circuit breaker, oh well... tragic killing more!"

Li Mingyang was stunned, no wonder the boss started withdrawing in December, it really ran faster than a rabbit!

Over time, the opening time of the first trading day of the new year follows.

...

(Ps: The 18th update is on the shelves today, and the 18 one-word daily limit has been pushed out. This wave of combined forces is a bit fierce, and it is still relaying, gan! How many boards do you have to top this wave of super market before you are willing to stop... )