Reborn as a female internet celebrity in a county town

Chapter 277 Steady, of course it's steady!

At nine o'clock in the morning, Lin Lang and Yan Li arrived at the company.

The sight of the two appearing together felt like something from the last century to the company's employees.

Although it only took about ten days in total.

This feeling arises purely because Tianjin Capital has changed too much in the past ten days.

With the significant changes, their work rhythm has also changed.

When Lin Lang was around, they were always in a rush, and Yan Li had the energy to handle other things, so he assigned a lot of tasks.

Now that the company has more employees, there's actually not much to do.

In a company like Tianjin Capital, there's very little sense of accomplishment if you don't work.

As a peripheral player in the financial industry, since the rise of Tianjin Capital, they can proudly tell everyone that they work for a prestigious company.

To some extent, it's also a way of showing off their abilities.

Even if they leave the company in the future, they can say that they worked at Tianjin Capital, which means they were transferred from a large company, and some small companies might even be eager to hire them.

"Hello, Mr. Yan! Hello, Mr. Lin!"

After entering, Lin Lang felt that many people's eyes were focused on him.

At the company, he was serious and aloof, rarely joking with employees or talking about things outside of work.

Lin Lang went to the trading room, while Yan Li went to his office and would go in before the market opened.

Actually, she didn't care whether she went or not, but Lin Lang insisted that she go and accompany him.

When she arrived at the trading room around 9:20, it was already bustling with activity.

Lin Lang kept issuing instructions.

The instructions mainly have two directions. The first direction is to adjust part of the position. Under the constraint of not being able to trade in both directions, Lin Lang chose to sell some stocks and use the funds to increase his position in another part of the stocks.

The second direction is related acquisition. Lin Lang requested that the relevant stocks be pulled up to about one point above the water level, and that no matter how many chips were dumped from above, they should all be acquired.

Of course, once it's pulled up, it won't be taken up again.

After the market opens, we will proceed according to the instructions.

Purchases of hundreds of thousands or even millions of dollars were being completed rapidly.

Lin Lang had already planned the data before the market opened, such as Muyuan and Ningde, which were heavily invested in by Tianjin Hybrid Selection.

ND has a market capitalization of 120 billion, while Muyuan's market capitalization is only 73 billion.

Previously, Muyuan already had over 2 billion yuan in its inventory, and CATL had over 3 billion yuan.

After the market opened, Lin Lang's large-scale buying pushed the price up by one point, but then encountered a large sell-off.

As for each other's intentions, they were both aware of them without saying a word.

For mutual funds, holding these blue-chip stocks is the best choice, so they will buy them as long as they have money. Not only is the market value large enough to accommodate more funds, but the liquidity is also good, with daily trading volume of several billion yuan, and it is difficult for them to hit the daily limit down.

Larger funds among retail investors also tend to favor these stocks, making them suitable for long-term investment, also known as value investing.

For companies like CATL, which have only recently gone public, the total number of shares in circulation is only around 30 to 40 billion, and the holdings of major public funds are relatively small.

However, for those stocks with high market capitalization, major public funds generally hold more than 30% of them. Without their approval, no one can drive up the stock price.

This year's surge in blue-chip stocks is nominally due to economic recovery and monetary policy, but in reality, it's because major mutual funds are short of funds.

Last year was a bear market, and they faced great redemption pressure, which caused their overall size to shrink by nearly 15%.

One and a half percent is no small amount; it's close to a trillion.

For them, they have to create a market trend to attract funds, otherwise they will go hungry.

Thus, this wave of group buying occurred.

Lin Lang wasn't sure how long they were originally going to stick together, but because of the black swan event at the beginning of next year, the stock market experienced a double whammy of logic and sentiment, which meant that this time the funds were sticking together for longer than expected.

Ultimately, it even became a laughing stock in the mutual fund industry, as one fund manager simply couldn't take it anymore and chose to be the first to run away.

Then, the other party was immediately blacklisted by the mutual fund industry. Whenever the other party bought any stocks, the entire mutual fund industry would unite to attack them.

After all, so much capital is tied up in one place, and the number of retail investors entering the market is very limited. Many of them have already left with profits, so they have no chance to get a share of the pie.

Everyone wants to take more, so the only result is that they can only keep expanding.

However, making a big cake requires raw materials.

Lin Lang dared to manipulate them today not because of his exceptional abilities, but because he knew that many things would not change because of his wishes.

For example, this time the funds are pooling together.

If they don't band together to drive up the prices of blue-chip stocks, then they're doomed!
With the added effect of Tianjin Capital's market dominance, they will perish even more completely.

However, they are not in a hurry at the moment. They have absolute control over the market and want to destroy Tianjin Capital first.

……

Guan Sheng was also quite helpless; he didn't know how Tianjin Capital could break out of the current predicament.

Although everyone in the industry knows that it is those mutual funds that are targeting them, they can't be prevented from adjusting their portfolios just because Tianjin Capital bought in.

This is their home turf, so any adjustments they make are normal as long as they don't violate any rules.

Tianjin Capital is different. Even a slight drop could be devastating for Tianjin Capital if the sentiment continues.

He could understand that Yan Li was using the blind date to ease her emotions a little, but... he felt that Yan Li had come back too early.

It should have been delayed a little longer. If it could have been delayed until after the new year, then those public funds wouldn't have been so harsh in their targeting.

After all, public funds also need to achieve performance targets after the New Year, and the cost of targeting Tianjin Capital is very high. Not only will they incur capital costs, but it will also negatively impact the market, making retail investors very reluctant to participate.

They make a living this way, so they certainly won't ruin their livelihood.

He is also trying to find a solution to the difficulties faced by Tianjin Capital.

Every year, a portion of funds from medical insurance and social security will come in to cover certain risks.

This so-called risk tolerance is only relative to conservative financial management; it certainly doesn't mean accepting huge losses.

Strictly speaking, this money can be forfeited.

This money is very stable and is highly sought after by various institutions. It is usually used to buy products such as bonds. Even if the profit is not much, it is still a stable source of income.

"Boss, Tianjin Capital has sent over the bond issuance approval..."

"What?" Guan Sheng was stunned when he heard this.

Is Tianjin Capital going to issue bonds?
No, has Tianjin Capital gone mad?

Besides, who would buy their debt? It's a new company with no foundation; only a fool would buy it.

Besides, Tianjin Capital is a fund company, why would it issue bonds for no reason?

Their management fees are not even as high as the interest on bonds, so isn't this a pure loss?

"Bring it to me and see."

Guan Sheng quickly took a look at it.

Then, he was even more stunned. One billion!
Two local small banks took over.

He suddenly understood. Local small banks don't have access to bonds issued by large companies, and they don't know enough about Tianjin Capital. Given the four percent coupon rate, it's normal that they couldn't resist.

only……

They never even considered whether Tianjin Capital would be able to pay the interest in the future.

Even if they can barely pay the interest, what about the principal?
Tianjin Capital has received the money, and they will definitely invest it. However, their investments are extremely risky.

It's like borrowing money to speculate on stocks.

For individual investors, losing 20% ​​or even 40% in the stock market is not a big deal, since their initial capital is usually not very large.

However, for large-scale investment and wealth management projects, this kind of risk cannot be withstood.

If a small local bank were to lose a billion yuan in principal...

Let alone a billion, even if they only lose two hundred million, how long would it take them to earn it back?

Indeed, a four percent coupon rate is very attractive, especially since it's renewable.

Funds like social security and medical insurance, which can earn 3% interest per year, are highly sought after.

Moreover, they often can't get their hands on tickets, so they can only accept a coupon rate of around 2.5% to 2.75%.

Many large companies' bonds are in high demand. For example, Huawei's bonds, with a coupon rate of only two percent, were snapped up as soon as they were issued.

In some ways, bonds issued by companies with a strong financial foundation are better than bank time deposits.

"Let's leave it for now, I'll call and ask later."

He was a little hesitant to approve it.

Around midnight, he called Yan Li.

After the call connected, he briefly mentioned the bonds.

The main question was about the intended use of the funds.

Yan Li was silent for a moment before replying, "It's a prudent investment, handled personally by the company's top analyst team. The risks only exist in theory."

Hearing this, Guan Sheng was relieved.

So you wanted to invest in other products.

As long as it's not investing in the stock market, it's fine.

Could you elaborate on which aspects?

"It's not convenient to talk about it right now?"

"Yes, I understand. Tianjin Capital is under a lot of scrutiny right now. Here's the thing, the medical insurance system recently has 5 billion yuan available. I don't know if you can use it... First of all, let me clarify that this money cannot be used to invest in the stock market. Since you want to issue bonds, just follow the bond issuance process. The coupon rate is three percent..."

I waited for several dozen seconds more.

"Huh? A four percent coupon rate? That's five billion yuan in principal, and two hundred million yuan in interest per year? Isn't Tianjin Capital under too much pressure?"

"Okay, as long as you don't get involved in the stock market, the money will arrive quickly. I'll expedite the process for you, and it should be in your account tomorrow."

"If you can hold on, that would be good..."

Guan Sheng had no other requests; Tianjin Capital should remain stable for the time being.

Meanwhile, in Yan Li's office at Tianjin Capital.

After hanging up the phone, Yan Li said to Lin Lang, "Guan Sheng said that the 5 billion will arrive tomorrow, but it cannot be used in the stock market."

"The money will arrive tomorrow? Then today's plans have to change..."

"Huh? What are you going to do? This money is covered by medical insurance, we can't afford any problems." Yan Li sensed that something was off about Lin Lang's expression.

Lin Lang can do whatever he wants with the 1 billion yuan he previously obtained from two small banks, because Tianjin Capital can afford to lose it right now.

To date, Tianjin Capital's own funds have reached nearly 4 billion yuan, mainly due to the profitability of Tianjin Global Selection, where more than 3 billion yuan has been invested.

Even if those are all unrealized profits and there is always the possibility of huge losses, 1 billion is definitely not a big problem. Even with the ten-year coupon, it would only be 1.4 billion.

But the 5 billion yuan in medical insurance funds is not so easy to manage. If there are losses, it could even drag Tianjin Capital down.

There's also 200 million in interest every year...

Originally it was supposed to be three points, but Lin Lang insisted on adding four.

"Don't worry, it's fine. You can take care of other things this afternoon. I'll keep an eye on the trading room."

Lin Lang's main task this morning was to accumulate shares, and by driving up the stock price to a certain extent, he would force the major players inside to sell off more shares.

The normal procedure should be to add a little more chips in the afternoon, and then you can go all in.

However... thinking about the 5 billion yuan that would be coming in tomorrow, he decided to wait another day.

After all, Guan Sheng must know exactly what they've done.

Throughout the morning, although 4 billion yuan entered the market, it didn't have a significant impact on the market. After all, there was something pressing down on it from above. With only a few dozen stocks involved, 4 billion yuan was simply not enough to fill their teeth.

After the market opened in the afternoon, Lin Lang stopped buying shares, causing the market to gradually decline.

An hour later, most of their stock holdings had fallen back to below one point underwater.

Lin Lang wasn't in a hurry. He selected the ten stocks with the heaviest positions and gave the order to buy them at the end of the trading day.

Buy a little at the end of the trading day to push the prices of these stocks up a few points. Tianjin Hybrid Selection is expected to close in positive territory today.

This kind of late-day rally is definitely not good for tomorrow, but for the sake of tomorrow's 5 billion, we can only endure it for one more day.

He'll stop being so reluctant when the 5 billion arrives in his account tomorrow.

……

Guan Sheng must have been paying attention to the holdings of Tianjin Hybrid Selection, knowing that they had acquired a lot of shares in the market that morning, and also knowing that they had 16 billion yuan in subscription funds yesterday.

Until the market closed, he discovered that Tianjin Hybrid Selection had only pulled up a few stocks at the end of the day, using nearly 1 billion yuan of funds, while the entire day's total investment was only over 5 billion yuan.

He was satisfied, which meant that Tianjin Capital still had 11 billion yuan in funds that had not been touched.

Too conservative!

Tianjin Capital's actions today felt somewhat unfamiliar to him.

It is clear that Tianjin Capital has deeply realized the current predicament and decided to use time to create space.

The previous relaxation of purchase restrictions and the marketing campaign that Yan Li was not in the company were probably aimed at securing a certain amount of funding.

Now that we have the funds, we're not afraid of redemptions anymore. And with such a steady approach, we can definitely hold out until after the new year.

Not long after, he made a phone call.

"Yes, yes, I've already found the right people and I'm going through the process. It should all be ready by noon tomorrow."

"A four percent coupon rate! I had to go through a lot of persuasion to get that. Other companies don't even make much money."

"Sound? Of course it's sound. Do you think I'd try to evade responsibility on this matter?"

(End of this chapter)