Chapter 302 [Foreign investors want to save themselves? (79/105)]
Thursday, February 1st, 15:30 pm.
At this moment, Lu Ming was in a conference room at the company's headquarters. The meeting was attended by five fund managers including Li Mingyang and analysts from the investment research department. The reason for holding this meeting was to address today's sharp rise in the market against the trend.
Today's market trend slapped all the bears in the face. It really happened too fast and suddenly. Everyone called the stock market crash after the plunge in the past three days. As a result, today the big A jumped short and opened high.
Yang line.
It also opened higher and moved higher during the session. The Shanghai Stock Exchange Index rose sharply by +2.35% and closed at 3351.96 points after the market. A powerful bald positive line reversed yesterday's negative line, and successfully recovered the 3300-point integer mark, standing directly on the
above the 3350 water level.
Lu Ming looked around the crowd and said: "Today's positive line was created by foreign capital. What do they want to do?"
Yes, the Dayang K that came out today was caused by foreign capital. After the market opened in the morning, foreign capital continued to flow in on a large scale. The net buying reached 12.956 billion yuan throughout the day, setting a record high in the history of net buying in a single day.
The participants present also began to speak one after another.
"Foreign investors have made a total net purchase of about 68 billion from December last year to today. This amount of funds is at a high level. Now it is locked up. It is probably that they have been confused in the past few days. Except for a small net purchase of 1,000 shares on Monday.
In addition to the outflow of 800 million, there was a net inflow of several hundred million, plus today's huge net purchase of nearly 13 billion. Today, they should be trying to guide the market sentiment, which is an act of self-help. They did not expect to be hit so hard.
, it’s too late to run.”
"Today's market trend is not a good thing. Foreign investors want to save themselves on the one hand, but the bald Zhongyang line that emerged today has proven that the pricing power of the domestic capital market is still dominated by foreign capital."
"I have some information here. Since the opening of foreign investment, by 2016, foreign investment had very strong dominance in pricing power in industries such as transportation and food and beverages. Now it has penetrated into the upstream mining and chemical industry; the midstream steel and building materials; the downstream
Foreign capital has obtained pricing power in eight industries, such as automobiles and home appliances, accounting for more than 36%. At the same time, Tiansheng Capital continues to compete openly and covertly with foreign capital for pricing power in these industries, but has not achieved much.
Big advantage.”
Everyone present at the meeting couldn't help but sigh a few times. Since the beginning of 2016, Tiansheng Capital has actually begun to compete with foreign investors for market pricing power, but has not achieved any obvious advantage.
The reason is very simple. Regardless of Tiansheng Capital’s position size in the domestic capital market, which has a market value of nearly 2 trillion, it is still too small compared with the tens of trillions of public and private equity institutions. If private equity funds are included, it will be even more
not enough.
The scale of foreign capital's shareholding is definitely not comparable to that of domestic public offerings, but in terms of pricing influence, it far exceeds that of public offerings, and even has an absolute advantage in Big A. This means that the rise of Tiansheng Capital in recent years has seen some slight changes.
Li Mingyang said in a deep voice: "This is the ability of Wall Street. Today's big positive line is a reflection of the huge pricing influence of foreign capital. Let's just say today. Foreign capital concentrated all their bullets in one direction. Today is a concentrated capital attack.
Banks and securities companies, as long as there is a big financial riot, funds will definitely come in, and they will basically be used as wedding dresses."
In comparison, most of the domestic funds and those fund managers are far behind the foreign traders.
Lu Ming basically didn't speak much and just listened to everyone's discussion.
At this time, an analyst participating in the meeting said: "Foreign capital is not here to do charity, but to harvest, and it periodically harvests the wealth of other countries in conjunction with the Fed's interest rate cuts. This is true in Southeast Asia and Latin America.
They are all living examples.”
Lu Ming, who had been silent until now, spoke up at this time, "We must be prepared for a protracted battle in the battle for pricing power. Everyone should pay attention to today's rise. The A50 index has risen sharply by +3.96%. The Shanghai Composite 50 Index has surged by +4.13%.
It should be noted that the virtual currency has nearly halved in the last ten trading days, and the two are closely related."
Li Mingyang and others are particularly curious, is it related to Bitcoin?
Lu Ming added: "After global funds continue to flow out of the Bitcoin market, foreign investors can directly operate overseas A50 and ignite A50 futures. Just 50 votes can completely shake it. At the same time, Hong Kong Stock Connect ignites important stocks among A shares.
This is the strategy that Lao Li just mentioned, focusing all the bullets on big finance to stimulate emotions, and then shorting A50 at a high level to cooperate, selling the stocks that have risen and shorting again, and eating both sides.”
What I have to say is that foreign capital is really capable of setting the pace in Big A. Today, they concentrated all their funds on banking stocks. Six bank stocks including Bank of Ningbo and Zhongxin Bank reached their daily limit. Agricultural Bank of China, which has a market capitalization of trillions, all rose by more than 1 billion.
More than 5 points.
The securities sector also rose sharply by +4.12% today, with stocks of 7 securities firms including Cailian Securities rising by the daily limit.
Today's sharp rise can be called a retaliatory rise after the flash crash. The take-off after the big financial crash quickly mobilized market funds. Some people even changed their bearish thoughts because of this, feeling that the previous
The plunge may be a washout, and the market is not over yet.
Sure enough, all it takes to change your faith is a strong positive line.
Foreign investors did react quickly, and they were able to seize the few opportunities in the market. Tiansheng Capital was unable to move during this period because of the announcement of reduction of holdings. Foreign investors took advantage of the time when Lu Ming, who had made a big move, was converting CDs.
Because they were caught in this window period, more than 10 billion in foreign capital flowed in, and the entire market was led by their noses.
"Chairman, how should we deal with the market outlook?"
Hearing this, Lu Ming smiled faintly and said: "We finally managed to trap foreign capital, and we certainly can't let them escape. But this is secondary. What I care more about is pricing power. Wouldn't foreign capital rise sharply if it enters the market?
We smash it, smash it through. Only by breaking the situation that whenever foreign capital enters the market in large quantities, there will be a big market situation, domestic investors will not be superstitious and blindly follow, and they will not be led by the nose by foreign capital."
Lu Ming paused for a moment and added: "Similarly, as long as there is a big market situation every time I, Tiansheng Capital, enter the market, domestic investors will follow me in the future, not even caring about foreign capital, and even start to be superstitious and follow me blindly. In this way
If things continue like this, it will be a matter of time before we regain the pricing power in the market."
Li Mingyang couldn't help but spread his hands and said: "Mr. Lu, but we don't have any blue-chip heavyweight stocks to sell, and we have no cards to fight with!"
Tiansheng Capital only announced its shareholding reduction plan last Friday. According to the shareholding reduction regulations, the shareholding reduction plan should be disclosed in advance 15 trading days before the first sale, which means that retail investors and small shareholders should be given 15 days to decide whether to run.
Only four trading days have passed, and Tiansheng Capital will not be able to execute the operation until February 23.
Lu Ming smiled and said: "Who said there are no cards to play? Now we only have two cards in our hands."
Hearing this, Li Mingyang thought for a moment and couldn't help but his eyes lit up, and then said: "Mr. Lu, do you mean to let the company resume trading?"
Lu Ming nodded and said: "Yes, this is one of the cards. The company is still keeping it in the dark room and can be released at any time."
The content of the original trading suspension announcement did not clearly stipulate the resumption time, which gave a lot of flexibility. When will the verification be completed? It can be done today or ten days later.
Everyone present at the meeting couldn't help but nod their heads. This is a good card. My company now has a thunder in its hands. This is a huge thunder that will explode when the trading resumes. The 40 billion yuan in Saxo Platform will be released as soon as the market opens.
Forced liquidation is necessary, and coupled with the funds borrowed from securities lending, the real huge selling pressure of 77.5 billion has reached the bottom.
The formation of hundreds of billions of selling pressure driven by emotions is a highly probable event. The stock price of Tiansheng Holdings will never be able to withstand such a large selling pressure, and it will not be able to escape if it hits the limit.
"Chairman, does the company apply to resume trading tomorrow?"
Lu Ming shook his head when he heard this and said: "No, this card will be played until next Monday. Play the second card first, and let a source spread the news that all the paid transfer shares undertaken by Tiansheng Capital's LP institutions have been sold off.
Fall, they all ran away!”
Li Mingyang and others' eyes lit up.
Wonderful!
Magical sources are also a good card. If two cards are played out, even if Tiansheng Capital does not use chips to smash the market, the two cards thrown out will destroy the emotions of investors. They will kill more and smash the market.
, thus breaking the response strategy of foreign capital.
As long as domestic investors and institutions do not follow the foreign capital, it is wishful thinking for them to try to pull up the entire Big A with just over 10 billion.
Lu Ming added: "The second card depends on the situation in the market. If there is no further surge, it will not be issued. If it rises too sharply, it will be issued. The initiative is mine, and I can adapt to changes."
Li Mingyang looked at Bo SS and said: "Mr. Lu, if this happens, Tiansheng Capital and you will probably be scolded by countless investors."
Hearing this, Lu Ming smiled and said calmly: "Haha, investors, as long as he loses a lot of money, let alone Brother Yi, the King of Heaven will still curse me, how can I be bigger than the King of Heaven? Don't say that.
Don’t take others seriously, and don’t take yourself too seriously. Just get scolded and don’t have a knife to chop me, so be content.”
Everyone present at the meeting couldn't help but burst into low laughter when they heard Bo SS's words. Bo SS was still very generous and well-organized!
