Reborn as a female internet celebrity in a county town

Chapter 313 Suspension Strategy!

"What? Is the news reliable?"

"Absolutely reliable! The China Securities Regulatory Commission is already discussing this matter. Either tomorrow or the day after, they will suspend trading of the ten related stocks to cool down the hype."

"Hmph, the so-called suspension of trading is just to help Tianjin Capital maintain its net asset value! After all, everyone knows that Tianjin Capital is about to collapse, and what follows is a one-sided plunge."

After the trading halt, no matter how bad the mood was, there was no more data on the rise and fall of those stocks. For the net asset value of Tianjin Hybrid Selection, the negative impact was minimized.

Because of the trading suspension, Tianjin Capital can rightfully postpone the redemption date or limit the redemption amount.

Overall, suspending trading was indeed a clever move.

These ten stocks have been triggering unusual price movements every day recently, which theoretically qualifies them for trading suspension.

Guan Sheng protected Tianjin Capital within the rules, and they couldn't find any fault with it.

They didn't say they would condone Tianjin Capital's short-term trading. Only then could they possibly unite to put pressure on Guan Sheng and prevent Tianjin Capital from running away so easily.

During this period, they had already done a series of rehearsals, and even knew that Yan Keming was raising money.

I thought Yan Keming wanted to help Tianjin Capital with an off-exchange takeover and negotiated transfer, but it turns out that wasn't the case.

"They don't have time to suspend trading now. They'll dump their chips tomorrow! They'll dump all the chips they can!"

"However, we can't dump too much stock in a short period of time. We should gradually release our shares after the market opens, and then drive the price down to the daily limit before the market closes!"

"You've trapped so many retail investors, let's see how you get out of this mess!"

If they didn't know the China Securities Regulatory Commission was going to suspend trading, they wouldn't have dumped their shares. After all, they had already given away half of their shares, and the rest were to be kept as a base position to reduce the time cost of recovering the shares in the future.

They knew about Tianjin Hybrid Selection's previous operations on small-cap stocks.

Those small institutions were both greedy and incompetent, which led to them being psychologically manipulated by Tianjin Capital, leaving them in a dilemma and losing both their money and their resources.

They definitely won't.

After this sell-off, we can wait for a few more limit-down days, then slowly buy back the shares. Who can compete with them for the shares?
Moreover, they're not completely out of chips; they can use a little bit to facilitate a shakeout.

At this point, they should be thinking about at what price to acquire the shares, and how much net asset value Tianjin Hybrid Selection should lose after the shares acquired by Tianjin Capital are released from lock-up.

……

Among the many public funds, there is one fund that is quite special.

It's called Guochuang Shanghai-Shenzhen Selected Fund, a star fund of Guochuang Fund. In the ten years since its establishment, its net asset value has increased fourfold, with an average annualized return of 27%.

With such an impressive track record, the amount of money subscribed each year is countless, and the fund size has naturally reached more than 60 billion yuan, which is among the top in China.

What makes this fund special is that its top ten holdings perfectly overlap with the top ten holdings of Tianjin Hybrid Selection Fund.

The top ten holdings account for 80% of the fund's total holdings, with the remaining 20% ​​used only to adjust the position ratio.

This fund focuses on high-potential blue-chip stocks and is highly favored due to its strong stability.

But recently, their fund investors have become a bit annoyed.

There's no other reason than that the net asset value is increasing less and less.

The investors in this fund are all experienced fund investors. They know how to analyze a lot of data and can calculate the daily net asset value from the holding ratio.

However, in the last two weeks, the net asset value deviation has been getting bigger and bigger.

Even though their top ten holdings frequently hit the daily limit up, their fund's net asset value growth is often only two or three percent...

In the past, when such a situation occurred, the minimum was eight points.

The investors here have long formed groups. After all these years, even if they meet by chance on the internet, their groups will gradually grow and expand.

"What the hell is this Guochuang Shanghai-Shenzhen Select Fund doing? Its net asset value is down to just one percent today, and all ten of its top holdings are hitting their daily limit up, didn't you see? How can this fund manager be such an idiot! What on earth did he do?"

"Could it be a portfolio rebalancing? The top ten holdings have been sitting there for quite some time now..."

"Portfolio adjustment? It was fine a while ago, especially when Tianjin Capital just made its acquisition, the fund's net asset value was very strong, perfectly matching the upward trend of the top ten holdings..."

"That means they've been adjusting their portfolio in the last few days..."

"Recently adjusting portfolios? Damn it, can this bastard be that stupid? With an annual salary of over ten million, would he make a portfolio adjustment at this time? They have a much bigger advantage than Tianjin Hybrid Selection. Once you buy into Tianjin Hybrid Selection, you can't sell it in a short period of time, but they have a long enough holding period to sell at any time! Such a huge advantage, even a fool knows this in the market, and a fund manager is adjusting portfolios at this time?"

"Damn, this is disgusting. Could the rumors online be true? Are all the major mutual funds ganging up on Tianjin Hybrid Selection? Are they deliberately dumping their holdings in Tianjin Hybrid Selection?"

"How could that be? How could anyone believe such a rumor? They're a public fund; how could they dare to do something like this?"

"Then how do you explain that we only rose by a little over 20 points this month, while Tianjin Hybrid Selection has doubled in the same month? We have the same holdings, and Tianjin Hybrid Selection even holds a much smaller share, and the overall proportion is not that strong. How come they are rising by eight or nine points every day, while we have fallen from eight points to one point? Did you not adjust your portfolio? Then where did the money you made go?"

"It's possible that Manager Ge felt the risks were too high and made some adjustments to the portfolio, since the previous top ten holdings were no longer safe."

"Bullshit! They're all investing in stocks, what's this about safety? Do you think they don't know that after Tianjin Capital's takeover bid, there's bound to be a surge in the market? And with the net asset value down to just one percent today, do you know what that means? It means that idiot did a massive portfolio rebalancing while the stock was soaring, at least 90% of his holdings were moved out! It's only been a few days, is he dead? Rushing to his funeral? Which mutual fund company rebalances like that? Rebalancing billions in a single day?"

"Why are you in such a hurry? Didn't you make money already?"

"Making money my ass! You call this making money? The bull market is here, the market index has doubled, and you only went up 20%, and you call this making money? This is a bull amplifying idiocy! It proves just how stupid fund managers with multi-million dollar salaries really are! Even the idiot in my village knows to hold on to this market trend, but that idiot Ge Kun immediately made a massive portfolio adjustment? Is he afraid he'll make too much money? Do you know how much I've gained by investing 10,000 yuan in Tianjin Hybrid Selection Fund? Let me show you a bunch of bastards, it doubled in just two weeks!"

He posted a screenshot, but he had only bought 10,000 yuan worth of shares.

As expected, the show-off scene did not occur. Instead, someone said, "So you're a dog from Tianjin Capital. How did you manage to infiltrate our group and try to get attention?"

"Go to hell! It's not shameful to admit that the so-called fund manager you idolize who has hundreds of billions in assets is an idiot! They just used their funds to dump Tianjin Hybrid Selection Fund, they just used the money of fund investors to do whatever they wanted! Such idiots should go to the eighteenth level of hell! And you bunch of bootlicking idiots, you deserve to never get rich!"

……

The investor who vented his frustrations in the group was named Zhu Yongsheng. Although he wasn't exactly rich, he could be considered middle class.

For the middle class, the demand for financial management is very strong, after all, everyone wants to stabilize their wealth.

He didn't want to speculate in stocks and couldn't understand them, so he invested in the fund market.

In his view, buying funds is definitely better than buying stocks, but you have to grasp the fund cycle and not expect to make a lot of money in a year.

As long as you can avoid the downturn phases, a stable return of ten to twenty percent each year is achievable. 18 was an exception.

Almost all funds are declining.

He finally made it to 2019, when the blue-chip stock market started to pick up, and he thought that the Guochuang Shanghai and Shenzhen Selected Stocks, in which he had a large position, was about to see a big surge.

Especially after Tianjin Capital's takeover bid, which resulted in an eight-point surge on the first day, he was incredibly excited.

As a result, I watched helplessly as the net asset value of Tianjin Hybrid Selection rose from 4 to 7.4 today, almost doubling.

But what about the National Innovation Board Shanghai-Shenzhen Selected Stocks? They only rose by 20%.
He put over eight million in there and has been holding on ever since the second half of last year.

If it were placed in Tianjin Mixed Selection, it would not only have already broken even, but could have made a fortune.

Right now, he's still more than ten percent away from breaking even.

He was already very cautious. After the blue-chip stocks surged in 17, he decisively withdrew and missed out on the decline in the first half of 18.

Having worked in the domestic public fund industry for so many years, he is well aware that there are cycles to buying funds, and once you miss that cycle, you may not have the opportunity to make money for the next year or two.

Once you miss the mark, you'll be stuck on the path of being swept along forever.

If the recent actions of Guochuang Shanghai and Shenzhen Selected Funds were merely minor portfolio adjustments, he would accept them, as they were a proactive measure to mitigate risk.

But that lousy fund manager didn't just partially adjust the portfolio; he made large-scale adjustments during the surge.

You bastard! You beast!

He only had around ten million in cash assets. If that idiot fund manager of Guochuang Shanghai-Shenzhen Selected Fund hadn't adjusted the portfolio, he would not only have broken even, but might have even made five or six million.

He endured six months of decline, and just as things were starting to look up, he pulled this stunt.

Damn this dog, it's worse than the whole family!

After venting his anger in the group chat, he turned on his computer and looked at the official website of Tianjin Capital.

Besides the enviable net asset value of Tianjin Hybrid Selection, the Tianjin Global Selection hidden in the corner was making him even more envious.

But what's the use?
He simply couldn't buy any; there were various limits and restrictions.

"Why didn't I choose Tianjin Mixed Selection immediately... I knew about it right away..."

He has been keeping a close eye on the domestic fund situation and is also very active online.

So I learned of Tianjin Capital's existence immediately, but unfortunately it was a new company and I had no trust in it.

If he had chosen Tianjin Mixed Selection immediately, his ten million would now be seventy-four million.

He only slightly regretted missing out on the Tianjin Mixed Selection.

But that stupid move by the National Innovation Board's Shanghai and Shenzhen Selected Stocks made him want to kill someone.

"Huh... Tianjin Capital's new funds? Two at once?"

"A limit of 200,000? A limit of 500,000?"

"Finally decided to be generous this time?"

"What are you waiting for? Subscribe now! Those other idiots in the mutual fund industry should all be shot!"

"Once I make money, I'll go to those dozens of fund investor groups and give those idiots who raised a bunch of parasites a good dressing down!"

……

Tianjin Capital's official website quietly launched fundraising for two new fund products.

Furthermore, thanks to word-of-mouth from their loyal fans, the two funds gradually gained popularity online.

These two funds are Tianjin Long-Term Pioneer Investment Portfolio A and Tianjin Innovation Pioneer Investment Portfolio A, respectively.

The Tianmeng group also discovered this matter immediately.

"Tianjin Capital is launching a new fund again? What's going on?"

"Actually, I don't think it's a good thing. After all, Tianjin Capital is currently short-staffed, and it's impossible to find a suitable fund manager for the new fund. We can't expect Yan Li to manage several funds all by himself, can we?"

"It's certainly not a good thing, but don't forget this is a new fund! Although every fund of Tianjin Capital is considered a new fund, Tianjin Hybrid Selection Fund has been launched for less than two months, but its net asset value has already skyrocketed."

"What do you mean? Buy or not?"

"To be honest, the quota is really tempting. The two funds together amount to 700,000. It's just that the fund manager isn't Yan Li. I wonder how much of the new fund's 'buff' it will have."

"Even if it wasn't Yan Li, Yan Li would probably be keeping an eye on it. I think it's possible that too many of the positions in Tianjin Hybrid Selection Fund are locked up, leaving little room for further operations. That's why they opened a new fund to continue creating a net asset value miracle and maintain the hype."

"In any case, Tianjin Capital's new fund is definitely worth a shot. Look at the current net asset value of Tianjin Global Selection Fund; it will soon become the next Tianjin Hybrid Selection Fund."

They understood better than anyone the explosive potential of Tianjin Capital's new fund.

At this moment, the first manager said, "Actually, I'm thinking about something else. Is it possible that Tianjin Capital is issuing a new fund to take over the top ten holdings of the old fund? After all, they can't let the top ten holdings collapse. Tianjin Hybrid Selection has always been their core portfolio."

"..."

"..."

"..."

The group containing all twenty managers was completely bewildered.

Because this idea is too far-fetched.

If that's the case, then the new fund is a trap.

However, the first manager then added, "Even so, even if we don't buy it, we should let others buy it, since we have money in Tianjin Mixed Selection Fund. These are just my guesses, please don't spread rumors and affect the mood. I feel that Tianjin Capital is really in trouble..."

(End of this chapter)