As spring approaches, the annual annual report of A-shares is about to come. Last night, Guotai Junan Securities released its first annual report on securities stocks in 2017. A very interesting data was disclosed in the annual report, which is the trend of Guotai Junan rescue funds.
According to the agreement signed by Guotai Junan and Securities Fund Company, Guotai Junan invested a total of 17 billion yuan in July 2015 and September 2015 (during the stock market crash), investing in special account investment established by Securities Fund Company. As of the end of 2016, the fair value of Guotai Junan's investment in special account was 15.9 billion yuan.
That is to say, according to the announcement, as of the end of last year, the national team's floating loss was only 6.4%. Considering that the stock market has been hot in the past month, the rise of blue-chip stocks and some excellent blue-chip stocks is very strong, and it is estimated that the national team has been out of the trap.
The national team has started to smash the market again, or it may have been unconfiscated
Some information on the market in the past two days also indirectly proves the speculation that the national team has unconfiscated.
Yesterday, February 20, many stocks were suddenly smashed by a mysterious force at the end of the trading day, and the stock price fell straight. We know that due to the huge amount of funds, shipments will have a great impact on the market, so we can only try to maintain the stock price at a high level and ship it quietly. Such a practice of directly spending hundreds of millions of yuan in a minute or two will have to make millions less. Except for the national team, no main force will do such a stupid thing. In addition, after a rough count, most of the more than ten stocks that were smashed were blue-chip stocks, which can also prove that this should be what the national team did.
The national team has carried out three concentrated share reductions in the past six months. The first two times were all quietly taking action. Why is this action so unrestrained? It is most likely that it is because it has been unconfiscated.
In the past six months, the national team has conducted three concentrated reductions in holdings of
. To reason, should the national team smash the market?
First of all, we need to be clear about one thing, what is the national team: it is not only a securities investment fund, but also a stock market standard fund.
What is a stock market qualitative fund? It can also be called a stock market intervention fund, which can be commonly understood as a stable maintenance force. It smooths the irrational and violent fluctuations in the securities market by operating against the market index direction of the stock market. It has a bit of a macro-control meaning, which is somewhat similar to the open market operations of the central bank.
The characteristics of the national team are: large-scale, non-profit, and strong policy-oriented. The goal is to keep the stock market stable, not to let more people make money. Note here: In the eyes of the official, it is not that the decline is not called unstable, and the rise is also unstable. Therefore, if there is too much decline, you need to support the market, and if there is too much rise, you need to suppress it, which is what is commonly called selling high and buying low.
So, don’t take this matter too much, don’t listen to the wind and rain. The national team’s share reduction has no necessary connection with the subsequent market.
Finally, I want to say that I found that many people still stick to their previous routines, holding small and medium-sized entrepreneurial theme stocks, and expecting a rise every day. This is actually a very bad practice. If you always have to do the right thing at the right time in stock trading, the stock market has changed, and you still want to use the previous routines, you can basically just wait for death. I have always emphasized that the most important thing in the stock market is not to study the fundamentals of a listed company thoroughly, nor to grasp the technical buying and selling points, but to be well aware of routines.
Of course, as long as you are willing to read, I am willing to share my investment experience with you. If you are interested, you can follow my WeChat official account: yitiao678
