Chapter 270 [Where to go after the funds are withdrawn (68/93)]
This is a big game of chess. The formation and transformation of each trend is actually the falling of a chess piece, which affects the entire general trend and resonates with each other.
Nowadays, investors who are still in the market with small start-ups have come out. Some of them have cut their teeth from the brokerage sector and chased blue-chip heavyweight stocks. Some are on the way to chase the rise. People outside the market are also continuing to enter the market. Funds
Managers are also working together.
Since October, the entire capital market has been led by the trend of "taking big for beauty and core assets". Whether it is large or small hot money, large or small retail investors, or many institutions, including foreign capital, they are all involved in the market.
In this trend.
The current market has shown a "herding effect", where funds are grouped together to keep warm. Even monster stocks are crashing one after another. Hot money, big and small, no longer dares to speculate in junk stocks because no one will take it. More and more funds are rushing to join the group.
Some high-priced stocks are eager to ship and go straight to more than a dozen lower limits. The reason is that the speculation funds rush out of the market regardless of the cost and want to ship the goods as quickly as possible. After the sales are completed, they join together to speculate on the stocks that have a profit-making effect in the market.
.
It’s those dozens of first-line blue-chip big butts. Because in the current market environment, only these tickets can make money, forcing everyone to move closer here.
The current market is trapped in this weird market. On the one hand, investors are extremely fearful, and on the other hand, they are extremely excited. The weight of the blue-chip group continues to explode, Haitian An's Mao Wulu continues to hit new highs, monster stocks flash crash, and small stocks fall sharply.
Bottomless.
The market has seen a strange trend called "stock market crash bull", because more than two thousand small stocks are falling and falling in free fall, but the index is constantly reaching new highs.
The current market is constantly "noisy". On the one hand, there are people scolding funds and institutional groups forming groups. On the other hand, they are following the grouping. On the other hand, the market's voice is calling for "de-retail investors" getting louder day by day.
The subtext is that Big A always plays at 3000 points because there are too many retail investors.
Not to mention taking the blame after losing money, this is also a tragic group.
The current interpretation of the market is that de-retailing is to allow retail investors to form a group, and the current market trend seems to be teaching all investors a lesson, telling everyone that they must learn to form a group. Only tickets in a group can rise. Don't buy in a group.
Other theme stocks only lose money.
Real high-quality stocks that do not hold a group have soared to the point that retail investors cannot afford them, even one lot. Tiansheng Holdings, whose stock price exceeds 10,000 yuan, has become a stock that this kind of voice frequency uses for release. This statement can be said to be
You're acting like a hooligan.
Now more and more retail investors also recognize this logic, because now more and more people's accounts are starting to make profits and floating profits are expanding, which leads to a so-called result:
Only by group trading can you make money, and only by group stocks can you make money. It is because group trading is the most effective way to de-retail investors that it has led to the current stock market crash due to rising indexes. This is a period of pain.
…
Friday, October 27th.
In the CEO's office, Lu Ming, who was sitting on the boss's chair at his desk, was thinking about how to settle the transferred funds after they were withdrawn from the venue. The people under him were busy executing the transfer, and the transfer would not go directly to the second level.
The market and listed companies have almost been contacted, the problem of fund acceptance has been solved, and the next step is to go through the procedures.
This time the market has peaked, Tiansheng Capital's total position in Big A is worth at least 1.8 trillion.
The total size of the market capitalization of the sell-off accounts for about 40% of Tiansheng Capital’s total positions in the A-share market, which is about 750 billion yuan in arbitrage. The remaining 60% of the total positions cannot be arbitrarily moved, and this will not be moved no matter what.
, even if the market falls below 2,000 points, these positions must bear the decline along with the market.
The paid transfer to LP institutions is to liquidate and withdraw from the stock market as a hedge. After LP institutions sell off their positions, they will eventually transfer the more than 700 billion to Tiansheng Capital Management.
It can only be handed over to Tiansheng Capital, because it is very hot to hold in their hands. I don’t know where to go with so much liquidity. I have no way to invest by myself. The best way is to leave it to professionals to manage it.
It must be Tiansheng Capital. Wouldn't it be nice to leave the money to Lu Ming and then win it?
In this way, by next year, the amount of liquidity Tiansheng Capital has at its disposal will exceed the unprecedented terrifying amount of one trillion. Only Apple and Berkshire Hathaway in the world can match such huge cash flow.
In comparison, where should the money go is the problem Lu Ming wants to solve.
In this regard, Lu Ming has already found a place for these funds to live.
The answer is the bond market!
The stock market next year will be a bear market throughout the year, but the bond market next year will be bullish. The bond market will usher in the sixth bull market in history next year. This bull market in the bond market will last until 2O20, lasting 27 years.
month's time.
It is worth mentioning that the bond market and the stock market often have a seesaw effect. Either stocks rise and bonds fall, or stocks fall and bonds rise. It is relatively rare for stocks and bonds to kill both.
Since the bond market entered a bear market in October 2016, it is still in a bear market state. However, the reversal of the trend is just around the corner. In the next two months, the stock market will peak in stages.
It takes about three to four years for the bond market to complete a bull or bear market. Compared with the stock market, the cycle is relatively shorter, and the fluctuations of the bond market are much smaller than the stock market. The amplitude of a bull or bear market in the bond market is also within
±15% water level.
The huge bond market is fully capable of accommodating trillions of funds, and it can only enter the bond market.
There are three major capital markets in the world, the stock market, the property market and the bond market. Funds originally come out of the stock market in order to avoid the bearish market next year. From a purely profit perspective, entering the property market is the most profitable, but Tiansheng Capital does not touch the property market.
, not to become the driving force behind the skyrocketing property market is the duty we have adhered to since its establishment.
If Tiansheng Capital bursts into the real estate market with a trillions of liquidity, and the capital is multiplied by ten times after several rounds of circulation, it is a conservative estimate, that is 10 trillion, and the national housing prices will rise to the sky.
You can't go there, you can't do it like this, even if you can make a lot of money, you can't do it.
Then there is only the bond market!
Starting next year, various localities will issue bonds on a large scale. Interest rate bonds are the focus, and credit bonds must also be laid out. Simply put, Lu Ming's decision is to lend the money cashed out from the stock market to local governments.
Looking at the bigger picture, this is adding bricks and tiles to the construction of the country, and entering the property market is adding to the obstacles.
Just as Lu Ming was thinking, there was a knock on the office door.
"Please come in."
Lu Ming put away his thoughts and listened.
Han Qiulin walked into the office and said, "Chairman, the third quarter consolidated financial report has passed the audit."
Tiansheng Capital's third quarter financial report was released a bit late this time. Most companies have already released it. October 31 is the last day and must be disclosed compulsorily.
Lu Ming took the folder handed over by Han Qiulin, opened the consolidated materials and read them.
Tiansheng Capital's total revenue in the third quarter was 9.763 billion yuan, a year-on-year increase of 113.65%, net profit was 7.615 billion yuan, a year-on-year increase of 128.32%, and net profit attributable to the parent company was 7.316 billion yuan. The company's total assets were 923.781 billion yuan, and its net assets were 9053.26 billion yuan.
billion, compared with the previous quarter, asset prices increased by 307.916 billion yuan.
The assets managed by Tiansheng Capital have a market value of 3.09 trillion yuan, and the prices of assets managed for LPs increased by 1.03 trillion yuan in the third quarter, which can be said to have skyrocketed.
The total asset scale of self-owned assets + managed assets exceeds 4 trillion yuan.
Lu Ming quickly signed and approved the document and said: "Let it be released after the market closes."
Han Qiulin: "Okay."
The rise in asset prices in the third quarter was astonishing, with a net increase of RMB 1.3 trillion, and both domestic and overseas investments blossomed.
Domestically, the second round of accelerated rise in blue-chip heavyweight stocks in the third quarter has boosted the prices of core assets held by Tiansheng Capital to rapidly expand. The market value of representative Maotai now exceeds 800 billion.
There is no doubt that Tiansheng Capital is one of the biggest beneficiaries of the surge in core assets as the weight of blue chips rises.
Overseas, the super bull market of Bitcoin has started in the third quarter, and the current price has risen to 5,988 US dollars. It is one of the main forces in the rise in asset prices of Tiansheng Capital’s overseas QDIE fund. Of course, another major force is investment in the U.S. securities market.
The returns are higher because the investment scale far exceeds that of Bitcoin.
Another major stable growth point is the arbitrage action in the foreign exchange market. To put it more simply, it means using the U.S. dollar to steadily cut the world's wool.
…
At the close of the domestic stock market today, the Shanghai Stock Exchange Index reached a new high. The index hit a high of 3421.10 points during the session and closed at 3416.81 points after the market, an increase of +0.27%. Maoti continued to rise by +7.36% today after yesterday's surge in volume.
Tiansheng Holdings also reached a record high today. These are representatives of core assets. The story of "making big things beautiful" continues.
At around 17:00 in the afternoon, Tiansheng Capital released its third quarter consolidated performance report. This performance report that once again exceeded expectations caused a huge sensation in the market. People who saw this financial report were undoubtedly shocked.
Damn it, this explosive performance report attracted various financial media to report on it.
