When funds go overseas, you need to exchange foreign exchange. For an individual, you can only exchange 50,000 US dollars a year, but companies are naturally different from individuals.
To exchange 300 million U.S. dollars in foreign currency, you need to work hard, but it is not too difficult to do. You don't even need to go through channels such as underground banks. For example, B-shares are a good channel, and through registered foreign trade companies
There are too many ways for funds to go out.
The key is to see if there are relevant connections, resources and channels.
Fang Hong stayed at Qunxing Company for about forty minutes and then left. Hua Yu was in charge here, and everything was running smoothly. The company's main task was to first accumulate 10 billion yuan.
It is worth mentioning that today’s A-share news has been positive. Relevant parties stated that under the current market environment, major shareholders of Yangyang Enterprises must continue to increase their holdings of shares in listed companies, support listed companies in repurchasing shares, and strive to
Promote the stable and healthy development of the capital market.
However, today's A-share market had a mediocre response to the news. The broader market index closed down -0.05% at 1851.52 points. The daily line closed with a green cross star. The Shanghai Index's daily line ended its five consecutive negative trends.
The good news in front of us is that today's low point of the market index did not reach a new low.
…
After the weekend weekend, on Monday, December 29, the A-share market opened lower and moved lower. The Shanghai Stock Exchange Index fell sharply -1.93% in one hour of early trading. The index fell to the 1815 point level, breaking the recent low again, and the 1800 point mark was also reached.
It seems extremely dangerous.
It was around 10:30, and Fang Hong was watching the market. It had been 10 days since the short position break on the 19th.
Today, Fang Hong took action again.
The securities account's capital amount of 70 million was used to buy seven large-cap stocks in separate positions, namely Zhongxin Securities, Hitong Securities, Pufa Bank, Zhongguo Ping An, Zhaoshang Bank, Zhongguo Pacific Insurance and Shanqi Coking Coal.
Each of these seven stocks was purchased for 10 million, and all transactions were completed that day, and all transactions were completed in the early trading.
Fang Hong did not wait for the A-share market to close. After all seven targets were traded, he immediately logged into the k3478 Weibo account and prepared to post updates. Now that he is famous, he is not afraid of being targeted by the market.
The funds were divided into seven, and the seven votes entered were all big votes, so it was impossible for anyone to target him.
After a while, Fang Hong uploaded screenshots of his holdings and buying points, then edited a piece of content and posted it:
[After the break, we continue to fight for the big A. I selected these seven targets today. If I think they are promising, I will jump on the ticket decisively. They are all heavy-weighted tickets. Each one has sold 10 million, and the position is full]
[Personally, I believe that the recent risks of A-shares have been fully released, and it is not appropriate to blindly go short at the current point. This moment is the same as the other moment. The overall market outlook is bullish and I plan to enter these seven stocks to make a mid-line trend.]
After posting the update, Fang Hong took a look at the number of followers on the account. It had reached 2.8 million, which was not as high as the previous few days. It was also related to the fact that he had not posted any updates for ten days.
But just when he updated the news again, thirty to fifty comments appeared in a short time.
[Mark, front row.]
[Master Patriarch strikes hard again!]
[Unexpectedly, God K actually updated Weibo during the game.]
[K God is full of stud again, he is bullish directly and clearly, it’s time to start!]
[Do you want to follow? It’s 10 minutes past 11 o’clock, and the market is closed for 20 minutes in the morning session.]
[Is it changing to the midline trend this time?]
[Grandmaster is awesome!]
[Are you sure the market has bottomed out? It feels like there are still aftermath...]
[The ancestor’s warehouse is full. If you don’t want a basket, I will just pick it up. You can do whatever you want.]
[God K, what is the core idea of becoming a leader?]
[k3478//Reply: The idea of being a leader is to discover the spiritual leader of the market as soon as possible, get on it as soon as possible, and hold it until the market discovers a new spiritual leader and then switch decisively. It cannot be said that there is no explosive energy.
He is a leader. Since he is a leader, he must increase his volume, accept the test of market funds, predict first, and then follow.]
[Eyes: learned. Brain: useless!]
[God K actually replied to me? Thank you God K!]
[Several ST stocks that Grandmaster was optimistic about have taken off during this period. The ST sector has risen really hard. God K really doesn’t like the meat of the ST sector. He doesn’t like the trouble and can’t push the position, so he doesn’t do it.]
[No more talking, just copy the homework!]
…
As time went by, the number of comments on Fang Hong's latest Weibo update quickly exceeded 100, and then several hundred more. By noon, the number of comments had reached more than 1,000.
At about the same time, major stock exchange groups and stock forums also began to talk about K God entering the market with full positions again.
It has to be said that after the news that Fang Hong once again entered the market with full positions spread, tens of thousands of retail investors were affected by him, especially those who had followed his account on Weibo.
Fang Hong's entry with a full position gave them the confidence to go long. When there was a big plunge in the early trading, everyone shouted that we would see 1700 points, and some people even shouted that we would see 1600 points.
But now, many people immediately switch from bearish to bullish.
Many retail investors have followed the practice, and some of the retail investors who have copied the practice in the past few times have perfectly avoided the two declines because of their profit. Today, after seeing the latest news, they entered the market with full positions without hesitation.
Some people directly took a heavy position in one of the seven stocks, some divided the position and bought three, two, five, etc., or they just copied the homework with their eyes closed. Fang Hong's full position was divided into seven and then divided into seven.
However, in the last two trading days before the holiday, the market turned downward and fell for two consecutive days.
On Tuesday, December 30, the market index closed down -0.95% at 1832.91 points.
On Wednesday, December 31, the market index fell another -0.66% to 1820.81 points.
Many investors who are following the trend are a little nervous, especially those who are following the trend for the first time. Retail investors who have taken advantage of the trend in the past few times and continue to follow the trend this time are relatively calm.
This chapter is not over yet, please click on the next page to continue reading! However, the adjustment range in the two days is not large, not to mention that the ancestor said that this time we are doing a mid-line trend, and the small adjustment does not even cause a technical break. I am still willing to endure it for a while.
Bear with it for a few more days.
As the A-share market closes today, 2008 officially comes to an end, and the first trading day of the new year will be Monday, January 5, 2009.
Although the 2008 annual report will not be disclosed until March next year, Fang Hong is deeply impressed by the losses of major domestic funds this year.
More than 400 funds under 60 fund companies have suffered cumulative losses of up to 1.5 trillion yuan in this year's unilateral market plunge, which is in considerable contrast to the 1.11 trillion yuan profit in 2007.
Sixty fund companies received a total of more than 30.7 billion yuan in various fund management fees, an increase of 8.28% compared with 28.3 billion yuan in 2007, setting a new record high in annual management fee income.
To put it simply, the performance of fund companies this year has hit a record high, and Christians are losing so much money that they don’t even recognize it.
In the evening, the superiors released a blockbuster news, agreeing that relevant departments should follow the procedures to start the issuance of domestic third-generation mobile communication licenses.
That is, td-scdma is used as the international standard for third-generation mobile communications. This is also an important symbol of domestic independent innovation in science and technology. The country continues to support research and development, industrialization and application promotion.
At present, the reform and reorganization of telecommunications enterprises has basically been completed, and the conditions for issuing third-generation mobile communication td-scdma, wcdma, and cdma2000 licenses are met.
The issuance of 3G licenses heralds the beginning of the mobile Internet era in full swing in Greater China. New network giants will take advantage of the situation to rise, and the decline of established Internet companies will inevitably occur.
