Reborn as a female internet celebrity in a county town

Chapter 207 He never even considered buying someone else's fund in his entire life.

The term "purchase restriction" is quite uncommon in the context of mutual funds.

Only QDII funds are commonly used, and some bond funds also use it. Ordinary equity funds usually implement purchase restrictions because the amount of funds is too large. For example, if the size of a certain stock has exceeded 100 billion, the operation is extremely difficult, so purchase restrictions will be appropriately implemented.

Most of them are limited to purchases of 500,000 or 200,000.

Lin Lang's side is actually going to limit purchases to 20,000 yuan?

What equity fund would impose purchase restrictions at a time like this?
Shouldn't the larger the scale, the better?
After all, the larger the scale, the more subscription fees, management fees, and redemption fees will be collected.

She genuinely didn't understand Lin Lang's actions...

Tianjin Capital's size has exceeded 20 billion today, but it still has to deal with more than 2 billion in redemptions tomorrow.

After the market shifts, there should be some more subscriptions in the afternoon. Even if they can't raise enough for 2 billion, they can still get the money out of the market tomorrow.

For users who buy and sell funds, it takes at least T+2 days from redemption to withdrawal to their bank card.

All Yan Li could do was comply.

Purchase limits will be implemented after 3 PM.

Yan Li still didn't understand many things, but she knew that every action Lin Lang took was necessary.

After the market opened in the afternoon, the shares that Lin Lang had placed were gradually bought up. The moment they were bought up, he immediately placed tens of millions of shares, effectively sealing the price limit.

In the entire A-share market, these two hot themes have finally established their main focus today.

The so-called main trend is to see where funds are willing to flow; positive news is just an auxiliary factor.

If it weren't for the volatile market over the past two weeks, those positive news items would have been enough to support one or two limit-up days. However, since the market has moved ahead of schedule, the positive news can only play a supporting role and cannot play a major role.

After completely sealing the limit, Lin Lang glanced at the remaining funds and realized there weren't many left.

After deducting the funds used to lock in the price, only a little over 300 million yuan remains.

Lin Lang glanced at other stocks in the A-share market; blue-chip stocks like Muyuan were all down today.

The ultra-high voltage power transmission and 5G sectors have shown a significant effect in attracting hot money in the market today.

Over these eleven trading days, the retail investors have changed batch after batch. At this point, these two sectors have become the most profitable themes this year, bar none.

After investing the remaining hundreds of millions of yuan in blue-chip stocks, Lin Lang made no further moves. By the close of trading, he should still have 1.5 to 1.6 billion yuan left from those funds that had been locked at the daily limit, enough to cover tomorrow's expenses.

……

Guan Sheng's phone was practically ringing off the hook.

There were calls from Beijing, from various organizations reporting the incidents, and of course, there were other calls that didn't reach him directly.

Essentially, it boils down to one thing: reporting Tianjin Capital for market manipulation.

There is no doubt that Tianjin Capital has manipulated the market again.

But he couldn't understand the manipulation techniques.

He has detailed data. Tianjin Capital did not reach the threshold for disclosure of shareholding, and 70% of the funds entering the market today are from retail investors.

While breaking through a stock that has hit its daily limit down can certainly stir up emotions, it's impossible to take emotions to this point.

Tianjin Capital not only effortlessly shifted the sentiment of the two sectors from extremely bearish to extremely bullish, but also made a substantial profit.

Today's trading volume in A-shares exceeded 700 billion yuan, making it one of the few times this year that it has surpassed 700 billion yuan.

Other stocks didn't move much, but these two themes stood out, which is enough to prove that the funds that left some large-cap stocks today are all watching and waiting.

Everyone wants to make money, especially since the Chinese New Year is less than two months away.

It wouldn't be difficult to punish Tianjin Capital if we really wanted to.

By simply placing and canceling orders, they can forfeit double the profits they made on Dongfang Communication today.

It's around 80 million.

It's easy to do, but difficult to finish.

The collapse of Tianjin Capital will not benefit him in the slightest. And don't be fooled by what Yan Li said on Saturday, which may sound arrogant, it is the truth.

Established mutual funds are already expanding their market share.

In today's mutual fund industry, newcomers without connections have almost no chance, while veteran financial professionals and their descendants, even if they have average abilities, can be manipulated into the industry and easily earn millions of dollars a year.

Those with even a little ability make tens of millions.

The young people in the public fund circle are mainly second-generation rich kids.

Those young people are capable of anything, engaging in all sorts of favors, both overt and covert...

The emergence of Tianjin Capital has begun to shake the foundations of established public funds, which is not only good for them, but also for the entire domestic financial industry.

The phone rang again.

After answering the call, he listened for a while and said, "Boss, the investigation into this matter has not yet yielded results. At present, it appears that Tianjin Capital has not committed any obvious violations. The previous incidents have been investigated and found to be unrelated to Tianjin Capital."

"Today? There's no direct evidence, and the trading volume isn't unusual. Today's movement was mainly due to retail investors banding together. I think the specific reason is the rumors circulating online about Tianjin Capital. I checked online, and there are many comments from investors expressing their deep resentment at being deceived and cursing those who spread the rumors. I suspect the rumors might be related to Tianjin Capital, and that they were deliberately spread by them. I will start from the source of the rumors and try to obtain evidence of Tianjin Capital manipulating the market. Once discovered, it will be dealt with very seriously!"

"As for how to deal with it, revoking the public fund license is too lenient. Doing something like this, causing such a bad influence, and even affecting the credibility of the government, means that whoever it is, they should go to jail!"

Guan Sheng's tone was very serious.

The tone on the other end of the phone was much gentler, advising him not to be angry, that the impact of this incident wasn't that great, and that the main task at present was to do a good job of summarizing the new year and formulating policies for the next year, so as not to waste time on unimportant things.

Guan Sheng agreed after hearing this.

After hanging up the phone, he knew that the rumor was spread by another public fund.

Otherwise, when he says he will deal with it seriously, they won't budge.

He doesn't care whether it was done by public funds or not; he only cares whether it was done by Tianjin Capital.

Since it wasn't Tianjin Capital that did it, that's enough to prove that Tianjin Capital has an extremely strong ability to adapt, and that it was able to find a way out of such a disadvantageous situation.

Okay, let's go with Tianjin Capital!

It's just not convenient to go now. If I go, someone might use this as an excuse to continue spreading rumors.

Tianjin Capital needs to gradually lower its valuation... it's too high up now.

……

The market closed at 3 PM.

Tianjin Capital's net asset value hasn't been released yet, but He Qiang said with a smile, "As you all saw, the market sentiment has always been under Tianjin Capital's control. We just made our move, and Tianjin Capital responded immediately. Tianjin Capital absorbed over 60 million yuan in sell orders for Wufang Technology, which hit the daily limit down. What does that mean? It means Tianjin Capital has reserved a very sufficient position..."

He Qiang was just making things up. He had no idea whether the person responding to them was Tianjin Capital, but at this moment, he had to put the name Tianjin Capital first and explain it in the most mythical way possible. Anyway, Tianjin Capital wouldn't come out and deny it.

He continued, "As of today, it's had a full thirteen consecutive limit-up days! Tianjin Capital still has such ample reserves and has never made a takeover bid. Their trading ability is unmatched in the world! That's why I trusted Tianjin Capital before!"

I haven't communicated with anyone at Tianjin Capital; it's purely a matter of trust. Of course, I also want to thank everyone for trusting me and believing in the benefits of Tianjin Capital; I'm sure you've all seen them…”

This morning, he originally wanted to borrow some company funds, and he had already freed up all the funds during the morning session.

Unexpectedly, one of the company's shareholders stepped forward and said that they trusted their judgment and that the funds could be handed over to He Qiang to handle himself.

At the same time, they also used their personal family accounts to raise nearly 100 million yuan, and together with Xincheng Investment, they managed to break the daily limit down of Dongfang Communication.

This one decision has brought them a paper profit of 100 million today.

A young woman spoke up, "Mr. He, when will Mr. Lin Lang be back? We'd like to invite him to dinner, and we'd like to ask Mr. He to help us make some connections."

He Qiang quickly replied, "No problem. Next time Brother Lin Lang comes back, I'll organize a get-together."

This young woman is the second largest shareholder of Xincheng Investment, holding 3% of the shares and investing 20 million yuan.

That morning, she persuaded some other shareholders not to let He Qiang 'borrow' money from Xincheng Capital.

Although in hindsight, if the money had been borrowed, all the profits today would have gone to He Qiang, at that time there were no profits, only risks.

"Then I'll have to trouble you, Mr. He. I've been in the city recently, so you can contact me anytime."

"no problem!"

He Qiang believed that Lin Lang would definitely be willing to meet her, after all, this young woman was a great beauty.

She's not very old, only twenty-eight, and has never been married.

From his perspective, it was quite charming.

However, there is one condition: Yan Li must not know.

As for what this young woman wanted from Lin Lang, she probably wanted his advice... After all, they had all seen the current situation of Xincheng Pawnshop.

Many traditional industries now need to integrate with social media, but they don't know how to do it.

Most of the wealth of these people, who are worth tens or hundreds of millions, was not earned locally; there simply weren't that many opportunities there.

Opportunities may arise in other places, but even with a net worth of tens or hundreds of millions, life in big cities is not as good as one might imagine.

The core resources of big cities have nothing to do with them. At least when they return to their hometowns, they can gain some other titles, enjoy some privileges, and have relatives and friends who can provide some emotional support and help them out.

In the outside world, it's not difficult to establish oneself as an ordinary person. But if you want to gain status and influence, and minimize your contact with even the slightest bit of power or resources, you'll constantly run into obstacles.

Those present had all given up completely after hitting many walls.

After all, resources in big cities are limited; there aren't enough for even the locals, so it's not up to outsiders to go there.

……

At 3:30 PM, the net asset value of Tianjin Hybrid Selection was released.

+ 7.12 %
Many fund investors are quite satisfied with this net asset value.

After all, with a scale of over 20 billion, it can still generate seven percent a day.

For those who bought in at the beginning, this is not just seven points, but equivalent to fifteen points.

I invested 100,000 yuan initially, and today I've made a net profit of 15,000 yuan

Huang Yusheng and his colleagues spent the entire afternoon reviewing the situation.

It's not just about the market itself, but also incorporates elements from outside the market.

The more they analyzed it, the more something seemed off.

The emotional reversal was too fast, and this reversal was even stronger than expected.

In particular, some of the opinions expressed may not be entirely correct, but they can still provide some reference value.

After a detailed review of each process, they came to the conclusion that they had misjudged the market trend.

After most stocks were driven up today, it took a long time to digest the price at the limit up level. When reviewing the market, the first thing they thought of was that the shares were probably dumped by Tianjin Capital.

This means that Tianjin Capital is freeing up its positions again.

What are they doing freeing up their positions?
Controlling position size is understandable, but too much has been freed up.

To free up some space, a great risk was taken, which could very well suppress the sentiment that had been painstakingly built up.

Of course, the outcome was smooth, and no unexpected problems arose.

But for Huang Yusheng, this was the biggest surprise.

Despite Tianjin Capital's massive position reallocation, the market didn't collapse; the sentiment was incredibly strong.

With such strong sentiment, coupled with Tianjin Capital freeing up sufficient positions, then... tomorrow is going to see an accelerated market rally.

If things don't accelerate soon, it will only become more and more difficult for Tianjin Capital to stabilize the market.

This was not just Huang Yusheng's idea, but a consensus reached by several people after reviewing the situation.

Huang Yusheng frowned and said, "If the market accelerates tomorrow, we'll have missed out on a lot today..."

Essentially, they never intended to be friends with Lin Lang; they just wanted to gain more benefits from him.

In their eyes, feelings and sentiments are worthless.

On the surface, they can be on friendly terms with Qin Dong, but behind his back, they can arrange for people to monitor Qin Dong's wife and children.

The reason for wanting to sell the shares of Tianshui Duck Industry to Lin Lang at a low price was to make more money from Lin Lang, since Lin Lang is indeed valuable.

Tianjin Capital shareholder, Yan Li's boyfriend.

"Brother, even if the market accelerates, we're not afraid. At worst, we can just buy Tianjin Hybrid Selection. Once this round accelerates, it will definitely start with five consecutive limit-up days... Tianjin Capital's operations are really impressive. In order to open up enough room above, they might even achieve ten consecutive limit-up days! Let's confirm our shares before six o'clock so we can profit from the market tomorrow."

Huang Yusheng's eyes lit up.

This is indeed a good idea.

It wasn't that he couldn't think of it, but... he had never considered buying someone else's fund in his entire life; he was in that business himself.

But now, buying other people's funds is obviously more appealing! Although you can only capture half of the market trend, and your net asset value will be diluted significantly.

"Okay, let's buy in 500 million first, just to be conservative..."

(End of this chapter)