Author: Ru Meng Ruhua

Monday, November 24, 2014.

Gu Junhao, who has not sat in his office for two consecutive weeks, sat on his boss's chair again.

Last Friday, after roughly judging the trend of the market and individual stocks, and Junshi No. 2's returns gradually stabilized, Gu Junhao decided not to participate in specific fund trading this week.

In addition to transactions, handling company affairs, chatting with customers, and commanding your assistants without any trouble. This is the boss's life.

"Asan is preparing to build a second longest high-speed rail line for the full political consultation meeting with RMB 200 billion. Today, it will sign a feasibility study-related contract with my country. It is expected that the two countries will jointly build this high-speed rail."

"Hmm? I'll give you good news before the market opens?" Gu Junhao, who was idle in the morning, browsing the news and suddenly saw this news.

I took a look at the release time and it was still very hot.

Although there are no prospects yet, this kind of news without any prospects can be considered a large-scale benefit for Chinese stocks.

The 200 billion project, including high-speed rail, bridges, tunnels, ports, and design, are included, and obviously not something that a company can afford.

Most of these large-scale infrastructure companies are concentrated in Chinese-type weighted stocks. In addition to the individual stocks themselves, it is undoubtedly good news for the market.

"No wonder last week, the Chinese character head did not have a pullback like a brokerage firm, and it performed relatively strongly. It seems that today is another day for heavyweight stocks to perform."

——

In the trading room, Xu Jianqing had already told Wu Peng and Cao Wenxun that Gu Junhao would probably not appear in the trading room this week. It is normal for the fund manager to not appear in the trading room.

However, Cao Wenxun couldn't help but ask, "Mr. Gu is really not here? Hasn't Junshi No. 2 not built a warehouse yet?"

"It has been built, this is the warehouse that the boss wants to build." Xu Jianqing replied.

It's quite interesting to say. The two newly hired traders both called Gu Junhao and President Gu, while Xu Jianqing and the other two were still calling the boss, which also reflects a sense of closeness.

"Have you built a position? Isn't there a lot of funds in the general account?" The current funds in Junshi No. 2 account are as high as more than 80 million yuan, which includes the remaining funds for building a position and the profit part of T.

In Cao Wenxun's opinion, even if you have to ensure a certain amount of funds on your account, there is no need to keep so much.

"That's for us to use T-study. This is the boss's idea. There is no need to fill the position. It is more important to maintain the liquidity of the position."

Xu Jianqing's words of maintaining liquidity in his position seemed to touch a certain nerve in Cao Wenxun, making him unable to help asking: "Is Junshi No. 1 the same? Does it have most of the funds?"

"That's a little less, less than 8% of the total scale." Junshi No. 1's current cash flow remains between 8 million and 9 million, which Xu Jianqing knows.

According to Gu Junhao's original design of the two fund positions, when the market is better, Junshi No. 1, which entered the second half of the position, would be enough to maintain the cash flow between 8% and 10%.

However, due to the excessive increase in Junshi No. 1 last week, this also caused the cash flow standard to fall below 8%. For Junshi No. 2, it is better to maintain a large cash flow during the initial position building period.

In addition to controlling one's own risks, it is also helpful for traders to use more funds to do T intraday to reduce position costs. When the position costs drop to a certain level and the index pulls back, they can recover from 8% to 10% of the cash flow state.

Less than 8% of the overall scale, that is almost 10 million yuan of funds. It is really a bit amazing to have such returns without full positions last week.

Cao Wenxun thought secretly, and said, "Junshi No. 1 performed so well last week, and the holdings must be very excellent."

"It's okay, I'm used to it. Anyway, they are all stocks elected by the boss. Junshi No. 2 will have such a day sooner or later." Xu Jianqing said proudly.

"The outside world is very interested in the holdings of our No. 1 Fund. The sectors that rose sharply last week were basically concentrated among those. I don't know if you will guess it."

"Whatever they guess, there is no need to announce it anyway. We are ready to start trading." Xu Jianqing didn't want to talk about this topic anymore.

Although he was not experienced in the workplace, Xu Jianqing could not hear Cao Wenxun’s words; however, Xu Jianqing always kept in mind Gu Junhao’s warning about Junshi No. 1, tried to talk about Junshi No. 1 as little as possible, and kept a low profile.

Wu Peng, who was standing by, could not help but look at Cao Wenxun deeply; Wu Peng was different from Cao Wenxun's holdings in Junshi No. 1 and was not interested in it.

Seeing Xu Jianqing stopping and not wanting to say more, Wu Peng smiled and continued, "You have seen the news in the morning. It seems that the Chinese character is about to be performed today."

What Wu Peng said was exactly the news that Gu Junhao saw about the construction of the railway of 200 billion yuan.

"I saw it, and I don't know how my first session performed today. Hey, Brother Peng, your Jiaojian should perform well today." Xu Jianqing sighed.

Compared with the business engaged in Zhongguo Communications Construction has a direct relationship with this news, Zhongguo First Session is more relative to the edge, which is also the reason why Xu Jianqing sighed.

Especially for the first two funds, only Zhongguo First Level was in a loss state.

"It's okay. If all relevant Chinese-name companies have risen, they will definitely make it. The difference is just how many, and there are still opportunities to do Tels."

"That's right. Anyway, as long as the entire sector moves abnormally, he will definitely move abnormally."

After chatting, the Shanghai and Shenzhen stock markets also ushered in the call auction stage. The call auction stage. The brokerage and insurance sectors that performed well in the last two trading days of last week were still active.

Affected by the central bank's cuts in RMB loans and deposit benchmark interest rates over the weekend, real estate stocks opened higher throughout the call auction period. Last weekend, the central bank lowered the one-year loan benchmark interest rate by 0.4 percentage points and the one-year deposit benchmark interest rate by 0.25 percentage points.

Lowering the deposit benchmark interest rate and the loan benchmark interest rate will undoubtedly further promote capital inflows into the market. In addition to the stock market, the real estate industry is the biggest beneficiary.

The Chinese-style head, influenced by the news of the high-speed rail line of 200 billion yuan, performed very well today. The Zhongguo Yihe, who was staring at, ended the call bidding at a price of 4.03 yuan, opening 0.46%.

At 9:30, the transaction officially began; large amounts of off-market funds attacked real estate stocks, causing real estate stocks to rise rapidly, and several real estate companies with smaller markets in the sector quickly hit the daily limit.

From the news and policy perspective, there is undoubtedly that off-market funds are more favorable to real estate stocks, and the central bank's two-way reserve requirement ratio cuts are undoubtedly greater certainty.

Securities and insurance also maintained a high-speed upward pattern. Greece Securities opened with a high opening and directly broke through the 19 yuan integer mark. It maintained an increase of more than 3% at the beginning of the morning.

However, while the Chinese stocks were in rapid flow of funds into big financial and real estate stocks, their performance was relatively average. Zhongguo Yichun opened high and closed low, and at 9:50, the stock price fell below the 4 yuan price again, at 3.99 yuan.

At the same time, Zhongguo Communications Construction also fluctuated downward and turned green after opening higher in the early trading.

"Hey, big off-market funds still have to like real estate and finance." Xu Jianqing sighed.

"Don't be afraid, funds will flow back to the Chinese character. The Chinese character is not very outflowing. You can buy a little T while the green market is now." Wu Peng said to Xu Jianqing. The two of them operated stocks in the same sector at the same time, and they also had the role of mutual assistance.

"Well, yes, don't worry, off-market funds attack big finance and real estate, and off-market funds also have a demand for stop-profit. Besides, the Chinese character performance last week was very good." Cao Wenxun also said with a smile.

"That's true. It's okay to buy a little, anyway, it's not broken yet." Xu Jianqing also said with a smile, but the amount allocated to him today was not much, only 20 million yuan.

The remaining funds were allocated to Wu Peng and Cao Wenxun. Xu Jianqing believed that he was not as good as the two of them in terms of T-related work, so he allocated most of the funds to them.

Xu Jianqing, who was calm, could also see from the time-sharing delivery chart that Zhongguo Yishu, which is near the price of 3.99 yuan, does not sell many large orders of more than 2,000 lots, and most of the sold orders remain near the mid-select.

"Look at 10 o'clock, if it doesn't fall much, you can buy it." The boss said that the trading time in the half hour of the morning fluctuates significantly. When you are unstable, it is best not to rush to buy.

At 10 o'clock, the securities sector rose sharply, and Zhaoshang Securities continued to rise rapidly and hit the daily limit. In addition, GF Securities and Founder Securities followed closely, and Greece Securities also rose by more than 8%.

Under this situation, the Shanghai Composite Index successfully broke through 2500 points again, rising by more than 0.8%.

Zhongguo Yizhong fell to the price of 3.98 yuan during this period, and the buying points above the trading session began to increase, with more than 3,000 lots and more than 5,000 lots appearing from time to time.

At this time, Zhongguo Communications Construction, which was directly related to the favorable situation, has been pushed to the red market again, with a stock price of 6.81 yuan; at this time, Wu Peng also reminded: "Xiao Xu, pay attention, Zhongguo Communications Construction's transaction volume has increased, and it feels like it is stable and is about to rise."

Due to Xu Jianqing's insistence, Wu Peng and Cao Wenxun no longer called him Team Leader Xu, and like everyone else, they called him Xiao Xu.

"Okay, I get it."

At 10:02, Zhongguo Yiheung's stock price began to rise slowly, reaching 10:05, and returned to the 3.99 yuan price.

"It should be stable, start buying." Xu Jianqing muttered secretly. The trading volume is not large at the moment, so it is naturally difficult to buy 20 million yuan at a low level.

Looking at the 375,000 holdings in his hand, Xu Jianqing decided to increase his position to 400,000 holdings and a 25,000 holdings. For the 3,000 to 5,000 holdings that appear from time to time on the market, it is relatively easy to buy, and it will also cure the boss's obsessive-compulsive disorder.

Xu Jianqing was on a flat price of 4.01 yuan, and 25,000 yuan was divided into 10 orders of different sizes. For Zhongguo Yichun, which is currently at a price of 3.99 yuan, it is relatively easy to buy.

Xu Jianqing's 10 million yuan purchase order undoubtedly has a certain promotion effect on Zhongguo Yishen's trading market. Zhongguo Yishen once again returned to the 4 yuan price, and at 10:14, it rose to 4.02 yuan again, but then fell back to the 4 yuan price again.

At 10:26, Zhongguo Yichong once again reported a flat price of 4.01 yuan. Within 20 minutes, Xu Jianqing's order of 10 million yuan was successfully traded, with a position reaching 400,000 lots, and the position cost was 4.125 yuan, which was no major change from the previous 4.13 yuan.

While Xu Jianqing was busy building a position, Zhongguo Communications Construction here had already started to quickly increase under the leadership of hundreds of thousands of large orders.

By the time Xu Jianqing's orders were all traded, Zhongguo Communications Construction Corporation reported 7.18 yuan, up 8.46%.

"Oh, Brother Peng, you are still happy." Xu Jianqing said enviously.

At 10:30, Zhongguo Communications Construction Corporation reported 7.28 yuan, up 9.97%, the stock price hit the daily limit, and the stock price hit a record high.

(End of this chapter)
Chapter completed!