The China Securities Regulatory Commission sent a letter to 5S Asset Management Company asking why it cashed out and reduced its holdings.
The news not only caused a stir in the mainland, but also spread to the Hong Kong city, attracting many Hong Kong city customers to contact 5s Asset Management to inquire about the situation.
Two days later.
A senior vice president of 5s Asset Management Company held a press conference in the company and said only that this was a normal adjustment. Some analysts believed that the market was overheated and they had to reduce their positions to avoid risks to client assets.
Even though he didn't say it explicitly, the implication behind his words was that he was not very optimistic about the future stock market trend.
Even if Su Yehao did not come forward in person, 5S Asset Management's current position in the financial industry still caused the A-shares to turn from red to green that day.
soon.
5S Investment Bank followed suit by publishing an article on the official website and Yinhai Weibo on "preventing the impact of stock market bubbles on the economic market" through the Internet, causing quite a stir in the financial industry.
This approach helped to cooperate with the cooling of the stock market. The stock market did indeed fall by more than fifty points in the next few trading days, but it soon rose again.
Su Yehao was worried about getting into trouble and was too lazy to stand up and act as the villain.
Relying solely on 5S asset management and 5S investment banking is, after all, just a business and does not have such a big influence for the time being.
Subsequently, in terms of 5S asset management, a large number of customers have redeemed more than 3 billion yuan in succession within half a month. They would rather bear part of the handling fees than suffer any loss of principal. In the short term, it is indeed a wise decision.
The executives of the asset management company received Su Yehao's reminder and had no intention of stopping them. Whether through the Internet or offices scattered in various cities, they could quickly handle the redemption procedures and calculate the value based on the day's net worth.
As for corporate customers, private equity funds also allow redemptions.
However, these companies have long-term investment plans and look at things from a different perspective than ordinary investors.
In their opinion, Su Yehao was able to cash out so much funds in advance, and he probably made comprehensive plans. Risks are often accompanied by opportunities, so not many customers chose to redeem.
For private equity funds, the investment amount of a single investor shall not be less than RMB 5 million, and advertising through the media is prohibited. It mainly includes investment in the equity of unlisted companies, or non-publicly traded equity of listed companies, through listing, and management buyout.
Profit from selling equity through mergers and acquisitions and other equity transfers.
This is an emerging field.
In the past, many unlisted companies were unable to calculate their own value, and it was difficult to turn patented technology, market share, etc. into valuations. However, the newly established 5S Investment Bank has launched related businesses to help these companies calculate valuations.
Those Internet companies can carry out financing, acquisitions and other businesses based on valuations, and of course unlisted companies in the mainland can also do this, which lays the foundation for the promotion of 5S private equity funds...
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The time has come for June.
In the first half of the month, news related to the reduction of state-owned shares often appeared in the news.
Some people may think that it is the same as before, with loud thunder and light raindrops, just thunder but no rain, just to scare people.
Su Yehao does not think so. The reduction of state-owned shares is to promote the reform of state-owned enterprises and to solve the problem of non-circulation of state-owned shares. It is impossible for the market to remain stagnant just because there is a bubble.
Looking at it from another perspective, it is precisely because there is a bubble in the market that it gives reason to speed up the pace.
really.
In mid-June, the announcement of the "Interim Measures for the Management of Reducing State-owned Shareholdings to Raise Social Security Funds" was released, which forcibly popped the bubble, and many listed companies directly fell to their limit...
Watching it rise, watching it collapse.
The Shanghai Composite Index quickly dropped below 2,000 points, and investors of 5s Asset Management Company redeemed another 1.8 billion yuan within a week.
Fortunately, preparations were made in advance, and the decline in the net value of the fund was significantly smaller than the market decline. In addition, it announced that it would invest the money in the bond market to earn interest, which successfully stabilized many investors.
If there was no preparation at all in advance, Su Yehao would probably have a headache for a while and would have to use his own small treasury to fill the hole.
Now, 5s Asset Management Company still has nearly 5 billion yuan in funds in its account, which is enough to cope with any emergencies.
The fall in the value of mainland assets will certainly have an impact on him, but fortunately it is only temporary.
It was not until June 25 that Su Yehao posted a short article through Yinhai Weibo to remind people to pay attention to value investment. He also announced that he was very interested in some state-owned stocks and was willing to invest when the time was right.
The post was posted not long ago.
Zhao Yimeng called and asked him: "Ah Hao, are you free these days? Can you and Jiang Yu and the others have a meal?"
Su Yehao immediately guessed something, and said with a smile: "You have nothing to do to be courteous, your assets have been cashed out, right? Do you want me to give you some good advice?"
"...Well! The buyer suddenly changed his mind, which took me a lot of time. Fortunately, I successfully cashed out."
Zhao Yimeng asked for help, and his manner of speaking was much gentler than usual. He asked tentatively: "I saw you wrote online that you planned to invest in some mainland state-owned enterprises. For the sake of us being old classmates, can you give me some advice?
?”
"Ah~ you also know that we are old classmates. I was rejected by you countless times back then, and even now, the media often brings this up and makes fun of me."
When Su Yehao mentioned this matter, Zhao Yimeng became furious and gritted his teeth and said:
"I admit that there are some reports in this regard, but they are all laughing at my lack of vision. What does that have to do with you? I will eat it or not. At worst, I will invest my money in the casino. Anyway, the gambling license will be split soon. My dad is here
His Malaysian friends roped him in."
"Eat, you're treating me, why don't you eat?"
Su Yehao thought for a while and added:
"Jiang Yu and Nangong have both gone to the mainland to work on the set. Let's go eat Sichuan food tonight. I'll send you the address later. As the old saying goes, nine times out of ten you lose when you bet. No matter what casino business you invest in, you girl will make everything.
It’s a waste of money, and the investment cycle is so long, and the competition is fierce, so that’s all.”
Just a few days ago, the casino just issued an announcement confirming that six gambling cards will be issued next.
Because of this incident, there has been a lot of excitement in the newspapers recently. A group of Las Vegas gaming companies, as well as wealthy people from port cities and casinos, have also announced that they will participate in the bidding for gambling licenses.
Zhao Yimeng replied:
"Of course I know that casinos are harmful to people, so they are my safe choice. You super rich people all cherish your feathers. If you choose to take action, the big families in Hong Kong City and the gambling kings can block the casinos in Las Vegas."
. But I’m different from you. There are many better projects that I don’t have the strength to participate in, so I can only settle for the second best.”
really.
If Su Yehao wants to get a gambling card, he will definitely be able to compete for one. Several other wealthy people in Hong Kong City also have the ability to get gambling cards.
The reason why everyone remained unmoved was partly because they cherished their feathers, and partly because there were many money-making projects and there was no need to hang from a tree.
When she finished speaking, Su Yehao laughed dumbly and replied: "Yes, yes, blame me for not having back pain while standing and talking, okay? I'll check the information first, and then we'll talk in detail after dinner tonight..."