As soon as the call auction opened today, Zhongxing Communications was locked to the one-line limit when it resumed trading. It had no intention of opening the market until after the market opened, and all the funds inside were fleeing in a stampede.
However, the market did not have any big surprises, nor was it that big of a panic. Such a big surprise and the one-line price limit was in line with the market’s expectations. The communication equipment sector opened lower today but did not plummet because it had already fallen badly enough.
.
ZTE's one-word price limit hit today actually caused the market to interpret it as a negative result, fulfilling the negative expectations. Other stocks in the sector that should have fallen had almost fallen a few months ago. ZTE was just making up for the losses after resumption of trading.
That's all.
When the news first broke, Lu Ming immediately paid attention to Zhongxing Communications. He is now waiting for Zhongxing Communications to buy the bottom after this round of decline.
As expected, the stock price started to fall in half after seven consecutive losses. Today, the stock price fell to 28.18 yuan for the first time it hit the daily limit. This time, the lowest limit reached below 12 yuan. I have to say that the killing was a bit ruthless.
No matter what, ZTE, even if it is not as good as Huawei, is still a giant in the global communications field. If Huawei is not listed, ZTE is the leading stock in the big A communications sector and 5G, with a market value of more than 50 billion.
This is the rhythm of sending money.
…
"Please come in!"
Lu Ming, who was sitting in the boss's chair in the office, heard the knock on the door and closed the market software. Han Qiulin walked in, "Chairman, what are your orders to me?"
Seeing her coming in, Lu Ming came out of his desk and said, "I want to draft a report and submit it. You come over and use my work computer while I ask you to write it."
Han Qiulin nodded and immediately came to Lu Ming's desk, sat down on the boss's chair, and turned on the computer. While preparing, she couldn't help but said: "Are you submitting it to the China Securities Regulatory Commission?"
Lu Ming, standing by the floor-to-ceiling window of his office, looked at the scenery of Ningzhou City and said concisely: "Internal reference!"
A look of surprise appeared in Han Qiulin's eyes. Lu Ming now has this qualification.
After a while, Han Qiulin looked at Lu Ming and said, "Ready."
Next, Lu Ming began to talk about Pinduoduo's listing in the United States. He was pacing back and forth while dictating outside his desk. Han Qiulin also quickly wrote down what he dictated into the copy.
Later, Lu Ming came to the sofa in the rest area and sat down. While making tea, he said: "This year, domestic companies going public in the United States have been 'spectacular', with quite a bit of ups and downs. Our internal analysis team expects to go public in the United States throughout this year."
There will be close to 50 or even more than 50 domestic companies listed on the market. The number of secondary concept stocks listed this year and the wide range of industries covered are rare in several years.
"The first half of the year is about to come to an end. Global investors across the Pacific have witnessed not only the rapid development of hot Internet entertainment companies such as Ai
companies, as well as education companies, service companies, etc. in various niche fields. Seeing such a list makes me feel like a knife."
“The biggest problem here is not the matter of a certain unicorn company, but that in the past ten or twenty years, almost all domestic unicorns have been listed overseas, almost all of them. What is the essence of this phenomenon?
"
“The nature of domestic unicorn companies going public in the United States, we believe, is equivalent to using our high-interest assets to endorse the credit of the U.S. dollar.”
"How do you say this? Because if the U.S. dollar only completes the purchase of consumption, the purchase of goods, or the completion of investment in North America, it cannot confirm the global value of the U.S. dollar, or it cannot confirm the value of the U.S. dollar itself. It must complete the global closed loop overseas.
Only through flow can the confirmation and anchoring of the value of the U.S. dollar be completed.”
“In this world, someone must be able to provide ultra-large-scale assets to complete the confirmation of the value of the U.S. dollar, and the assets provided must also be extremely cheap, seriously undervalued high-quality assets, which includes almost all domestic large-scale assets.
Internet companies.”
"Seeing that the top ten in our securities market by total market capitalization are all financial institutions, there is not even a digital company. Don't we have big guys like Facebook, Amazon, and Google? Have we not entered the digital age?
?We have already entered the era of digital economy, and we also have big guys."
"It's just that all of them, the highest quality assets, are all listed overseas without exception, and most of these high-quality, high-interest assets are the wealth obtained from monopoly. Now they are all listed in North America or the US dollar extension area, to provide for the US dollar.
The severe asset shortage we are facing provides strong support for asset prices."
"At the same time, our securities market, our shareholders, and our investors are also facing excess capital, and they can only speculate in small things and rubbish. There are only dozens of high-quality leading companies with high interest rates, and their PE valuations are also
It has been pushed to the sky, because the best high-quality high-interest assets have been listed in the United States, which has made domestic high-quality assets even more scarce, thus pushing up the valuation range higher than the normal and reasonable range."
"Tiansheng Capital's internal investment research and analysis team made a list of the total assets of all domestic digital companies and unicorn companies that went public in North America. They looked at how many assets we provided, our annual foreign exchange, a large amount
The foreign exchange was consumed to pay dividends for these companies’ overseas listings.”
"We earn foreign exchange by selling cheap shirts and socks, but we consume foreign exchange for these companies to go public in North America. We have already passed the capital scarcity cycle and entered capital after the global financial tsunami in 2008.
In the surplus stage, we are also facing an asset shortage, so why should we provide severely undervalued assets for other people’s severely overvalued currencies?”
"This situation must be reversed..."
…
Finally, after Lu Ming finished dictating, he came to his desk, stared at the screen and browsed the text to confirm that there was no problem, nodded and said: "That's it, submit this report as soon as possible."
Han Qiulin: "Okay."
At this moment, Lu Ming's cell phone rang. Lu Ming took out his cell phone from his pocket and glanced at the caller ID. He immediately answered the call and said with a smile: "Old Huang..."
Surprisingly, the call came from Huang Zheng, the founder of Pinduoduo. It had been almost half a month since the two parties last met. Huang Zheng's voice came from the other end of the phone: "Mr. Lu, I plan to list Pinduoduo in China!"
When Lu Ming received this reply, he became energetic immediately. Han Qiulin next to him was also very surprised. This was the first time she saw Lu Ming reveal his joy so unabashedly.
Isn't this exciting? Pinduoduo's decision to make such a decision is of great significance. It is by no means as simple as a company simply going public. It can be called the beginning of an era.
After Lu Ming calmed down his emotions, he replied with a faint laugh: "Such an important decision was not made in person, just a short sentence, but I know how much pressure you have been under during this time to make this decision. I
On behalf of Tiansheng Capital and its LP members, thank you for choosing to go east."
Huang Zheng on the other end of the phone laughed and said: "The sun rises in the east after all."
The two sides chatted for less than three minutes before ending the call. The more important the matter, the more important it seemed to be decided rashly. Lu Ming immediately looked back at Han Qiulin and said: "Adjust the previous content, Pinduoduo has decided
We can make it clear that we are willing to go public in China."
Han Qiulin immediately adjusted the report according to his wishes, and Lu Ming was also in a good mood and said: "Everything is said to be difficult at the beginning, and Lao Huang has given everyone a good sign."
On the same day, the report was submitted as quickly as possible.
In the afternoon of that day, Pinduoduo suddenly announced the termination of its listing plan in the United States. Huang Zheng personally hosted an impromptu press conference to announce the news, and told the outside world at the press conference that Pinduoduo would be listed on the A-share market.
market will.
Good guy, this sudden news came out and caused an uproar in the domestic and foreign capital markets that day. The news spread across the sea to North America, and Wall Street was furious!
