After divorce, I can hear the voice of the future

Chapter 293 Fund Redemption Frenzy
"877 billion left."

Lu Liang thought for a long time and selected five stocks from the 115 constituent stocks of new energy.

According to convention, 3-4% of the outstanding shares are first purchased from the primary market, and then the remaining shares are slowly purchased in the secondary market to finally complete the takeover.

These five companies are just a selection of the best from the worst. Some of the high-quality ones with good operations were already in the first batch.

The current market is too small. The 17 stocks purchased by Tianxing Fund twice account for 7.29% of the sector’s market value.

The total market value of the new energy sector is only 19201 billion yuan, and they hold assets of approximately 1400 billion yuan.

The ban will be lifted after half a year. As long as the national team does not step out, they basically have the final say in this market.

On March 3, the Tianxing Hybrid Fund ended its one-month closed period. All information including the top ten weighted stocks, the latest net value, and asset allocation details were disclosed.

BYD holds the top spot, with Tianxing Mixed Fund holding 7.42% of the shares, worth 282.23 billion yuan.

Closely following is Tianqi Lithium, which holds a 6.82% stake worth 41.22 billion yuan.

There are also Jiangte Electric Motor, Hunan Electric Power Co., Ltd., etc., with shareholding values ​​ranging from 10 billion to 30 billion yuan.

But these are not important, because the news of the placard has already been widely circulated. Even if the fund does not disclose it, they know which stocks they are.

Net value is the number that investors are most concerned about, because it provides the most intuitive view of their profits.

"1.27, why does it feel a little short?"

"Except for BYD, the rest of the stocks have basically doubled in value?"

"Money? Where did it go?"

The fundraising period and closed period last a full two months.

If you had subscribed for 100,000 yuan at that time, you could make 27,000 yuan by selling it now, and 1 million yuan would be 270,000 yuan.

It was the first time for investors to taste such a huge sweetness, earning 27 points in just two months, which would have been more than two daily limit increases in the stock market.

But they don’t understand why, except for BYD, other stocks have almost doubled, but the return rate is only 27%.

There is at least 50% left, where did the money go?

"Alas, greed is the key to success. It's too much trouble to explain it to you. Just go and look at the detailed allocation of fund assets yourself."

"What the hell? Tianxing Hybrid Fund subscribed to 1000 billion bonds of Suzhou Lingshui New Energy Industrial Park?"

"Sucheng Jingshui New Energy Industrial Park, which Shankara project is this?"

"I just found out that Suzhou City has launched a 15000 billion yuan bond with an annualized rate of 1300% for seven years, using 8.2 mu of land as the main body. The bond will be mainly used to build and support the Lingshui New Energy Industrial Park. Suzhou City Government will invest 300 billion yuan and Tianxing Fund will invest 1000 billion yuan."

"What a remote mountain area! Lingshui is awesome. It's the location of Yangcheng Lake, where billions of hairy crabs pass through every year."

"We in Lingshui need to stand up. All the names of Jingye and Huye should stand aside. Please call me Lingye from now on!"

"Fuck, Liangzi's head must have been hit by the door. Why didn't she buy stocks but bought bonds? And she bought 1000 billion yuan?"

"Annualized 8.2%? Not even enough for a daily limit, and you'll only make money in the third year?"

“Even if you are optimistic about the new energy industry, you can’t use our money to do this, right?”

"It's gone, it's gone. Now 27 points is enough."

"I redeemed it and made a small profit of 30 taels."

Once the asset allocation details of Tianxing Fund were disclosed, it immediately triggered a redemption frenzy of the fund.

A financial expert said: "Luliang has become arrogant. Even if he is optimistic about the new energy industry, he cannot do this. The 100 billion yuan bond is a failure among failures."

Others said: "It is understandable that he wants to build the largest new energy industrial park in East China and even the whole country, but the new energy market is too small now, and it is far from the right time."

"What a pity. Tianxing Fund was expected to challenge Tianhong Fund's dominance, but now it is probably difficult."

For a time, the voices of condemnation were endless, like an overwhelming tide.

It is clear that the Star Mixed Fund has a profit of 27%, but it seems like it has done something that has angered everyone.

It is a good interpretation of the saying "a little bit of rice is a favor, a big bit of rice is a grudge."

Investors not only talked big but also took practical actions and applied to redeem their funds.

He intended to use this to threaten Lu Liang and make him surrender.

How they treated those small and medium-sized fund companies two months ago, they are now treating Tianxing Fund the same way.

"Comfortable, comfortable."

"The way of heaven is easy to reincarnate, no one will be spared by heaven."

The fund managers who did not receive a bonus last year are gloating over this misfortune. It feels like drinking an ice-cold Coke in the dog days of summer, refreshing from head to toe.

"Liangzi, I never thought you would have this day."

Lao Luo, as well as Lao Jia who was far away in the United States, and people who had grudges against Lu Liang were all secretly happy.

After more than a year of working overseas and building an undefeated record, Lu Liang may face his first Waterloo in China.

At the same time, Zhang Jing, the vice president of public offering, looked panicked and rushed to Lu Liang's office in a hurry, forgetting even to knock on the door.

Lu Liang was smiling as he sat by the tea table, crossed his legs and brewed Gongfu tea. He did not blame anyone: "Zhang Jing, drink some tea first and take your time." "Mr. Lu, many people have applied for redemption."

Zhang Jing swallowed and beads of sweat appeared on his forehead. The amount of funds he applied for redemption was very large.

"Has it exceeded 10 billion?"

Lu Liang smiled indifferently.

He had anticipated this, otherwise he would not have set the short line so close to 20%.

600 billion in funds is enough to deal with this situation.

The three institutions invested a total of 1615 billion yuan as the fund's base funds. As long as the annualized rate exceeds 12%, it cannot be redeemed early for any reason in the next three years.

This is the magic weapon that stabilizes the market. The actual funds subscribed to external parties are less than 1400 billion yuan, and 600 billion yuan is reserved, which is enough to cope with the redemption of more than 40% of retail investors.

"Not yet. The current figure is 61.55 billion." Zhang Jing's mood gradually calmed down. Lu Liang's indifference made him feel safe.

"So little?" Lu Liang was surprised.

He pondered and said, "Then tell ICBC to not delay the review. As long as the application is approved, the loan will be released. Also, announce that those who redeem their entire position will not be allowed to subscribe again within six months."

Zhang Jing's eyes widened, and hesitantly said, "Boss Lu, why don't we just forget about the announcement?"

This kind of grey list can be implemented quietly, so that when they subscribe again in the future, the review will fail.

Lu Liang spoke directly and frankly, making it clear that he was going to fight them to the end, which seemed a bit arrogant.

"Then be more tactful and just find a few excuses, such as differences in investment views. You can do whatever you want."

Lu Liang has no intention of giving in. His public offering is not like other public offerings, which take money from investors' pockets.

The annualized rate of 8.2% for hundreds of billions of bonds is not low. The normal five-year government bond rate is only 4.39%.

Moreover, according to statistics, the average annualized return of public funds nationwide last year was only 6.25%.

Now even an annualized rate of 8.2% is considered too little. I am simply blinded by the 27% return.

Lu Liang has the confidence to do so.
So come if you want, or not, if you don’t come, just pull a few hands and fall.

If it causes a larger-scale fund redemption, the worst that can happen is that he will bring in a few more institutions. It just so happens that he has a good relationship with Suzhou City recently, with an annualized return of 8.2%, which has even made the Suzhou City Human Resources and Social Security Bureau cry with envy.

"Okay, Mr. Lu."

Zhang Jing smiled bitterly, but didn't dare to say more.

It is obvious that Boss Lu has brought his temper in managing private equity to public equity. No matter whether it is public or private equity, as long as he manages it, he can only be the party A.

More than an hour later, a large amount of fund redemption arrived, and investors were dumbfounded.

"What's going on? 127 million arrived so quickly?"

"My 6.75 seems to have arrived. Wasn't it agreed that it would be reviewed within three days?"

"Damn it, why can't I subscribe to it suddenly?"

"Go and read the announcement of the Star Fund."

A large number of investors came to the official website of Tianxing Fund after hearing the news, and saw a pop-up announcement: "Thank you for your support... We deeply apologize for the difference in ideas...

We hereby urge the regulatory bank to speed up the review and return the redemption funds and earnings to the subscription account as soon as possible..."

Although it was an apology, there was no admission of fault, and all the blame was placed on the disagreement between the fund company and the investors.

Finally, it is stated that for the sake of investors’ funds, those who redeem their entire positions will not be allowed to buy again in the next six months.

"Damn, you're indeed Ryoko, so tough!"

"What the hell, if you have the guts, just reject all those who have left in the warehouse."

"He doesn't dare because it's against the rules."

"To be honest, he is a bit arrogant, as if he is the only public fund in the market."

"Although Liangzi is arrogant, he has the confidence to be arrogant. The market is full of scammers. Tianxing is a little more reliable."

"Tsk tsk, luckily I left two hundred dollars in reserve."

"To be honest, 8.2% annualized is not a small amount. Don't be greedy."

The gray subscription font was like a bolt from the blue, leaving those investors who had redeemed their shares stunned. They just wanted to scare him, but who knew Lu Liang was so tough and would not give in at all.

As we all know, there are many pitfalls in funds. When they rise, they do not rise as fast as stocks, and when they fall, they fall more than stocks.

Finally, such a fund emerged, and its manager was Lu Liang. They were unwilling to let the duck fly away.

No matter who you are against, don't be against money.

So, I used my family’s identity information and secretly subscribed again, but suddenly found that I could no longer subscribe.

　Hey handsome guys, I've been a little tired lately, so there are only two chapters today.

　　
　
(End of this chapter)