Since 2001, China's securities industry has suffered losses for several consecutive years under the pressure of the bear market.

In 2005, with the bankruptcy of Nanfang and Dapeng, the reorganization of Huaxia Securities, and the trusteeship of Hantang and Minfa, the entire industry experienced an unprecedented crisis of trust.

"There is no way out despite the mountains and rivers, but there is another village with bright flowers and dark willows."

The year 2006 is destined to become a watershed year for China’s securities industry.

This year, the Shanghai Composite Index has been advancing rapidly, reaching 2,600 points, reaching a record high in the 16 years since the establishment of the stock market. The securities industry, which is closely related to the stock market, has also ushered in a historic turning point.

As the stock market is on the rise, major brokerages are gradually emerging from the quagmire of the bear market.

The market conditions are hot, and trading volume has hit new highs. Especially those large securities firms with outlets across the country, such as Galaxy Securities, Guotai Junan, Shenwan, etc., have benefited the most.

The number of their accounts and margins have increased dramatically, and their contribution to the company's income is generally more than 50%.

China's securities industry, seemingly overnight, went from being on the verge of despair to having a great harvest.

It is precisely because of this that in the early years, some securities companies that were unable to go public because their performance did not meet the standards began to make plans to launch a new round of IPOs.

Against the background of this trend of securities companies going public, the performance of securities companies has begun to receive more attention.

Orient Securities took the lead in releasing its unaudited financial statements for 2006: net profit reached 1.533 billion yuan, a year-on-year increase of 6.4 times.

This beautiful annual report reveals a corner of the securities firm's operations.

Although Infinite Securities is a rising star in China's securities industry and has a small number of sales offices, which are only distributed in southern China, its performance has also increased dramatically this year.

In the general manager's office, Li Xi'er held up a copy of the Securities Times and read: "The China Securities Regulatory Commission stated that throughout 2006, 93 securities firms achieved profitability. Many securities companies, such as Pacific, China Everbright, and China Merchants, have announced preliminary results.

listing plan”

"Awei, the stock market is doing well now, and there are many securities companies queuing up for listing. Should we take this opportunity to let securities companies go public first?"

Chen Jie sat on the sofa, took a long puff of cigarette, and tapped the ashtray a few times.

In addition to expanding its influence, sub-listing can also obtain large amounts of funds through financing, allowing personal wealth to skyrocket again. As for the company's share capital, three consecutive years of profitability and other rigid requirements, Infinite Securities has no problem at all.

"Slow down a little longer and let Lin Hai get more familiar with the rules of the mainland. Even if we want to go public by then, it will be no problem to ask the China Securities Regulatory Commission to join the team." Chen Weidong turned off the software and explained to Chen Jie.

Asset securitization is a trend, but Infinity Company is not yet so short of money.

What's more, there are many things that are more urgent than listing a subsidiary, such as the upcoming subprime mortgage crisis, how to fish in troubled waters and maximize profits. These are the top priorities.

"Okay, I'll listen to you. How far do you think the stock market can go?" Chen Jie nodded slightly and asked again.

In 2006, when the stock market was booming, he bet heavily on the real estate sector.

As the real estate companies announced their outstanding results one after another, the stocks of real estate companies have doubled one after another, and the scale of the mixed funds he manages has undoubtedly exceeded 500 billion, which is more than the second largest asset management scale.

China Asset Management is eight times higher!

As of the end of December, the total market value of the Shanghai and Shenzhen stock markets was only 8.94 trillion.

From another perspective, Chen Jie is now not only managing an ordinary fund, but also helping everyone manage their finances.

Nearly eight million investors have subscribed to his fund.

If he sells the stocks he holds on a large scale, the stock market is very likely to cause systemic risks, and it is not impossible to directly extinguish the flames of the bull market.

Chen Weidong thought for a while and realized that it was only January: "In half a year, at most in another half year, you will have to withdraw one after another. When the market is crazy, it will accelerate its rise. This is the best time to reduce your position."

"I understand the truth, but public funds cannot have short positions. The China Securities Regulatory Commission stipulates that at least 65% of the positions must be maintained." Chen Jie put out his cigarette butt and said a little depressed.

Retail investors can blindly bullish the market, but as market leaders, institutions must be aware of risks at all times.

I would rather earn less than earn the last penny.

He has been a fund manager for so long and has a deep understanding that the methods of playing with small funds and large funds are completely different.

The amount of funds has reached a certain level, and it has been separated from the scope of technology.

Just like those so-called private stock gods, big problems will arise once they operate large amounts of money.

Because it is difficult to complete a position with large funds in a short period of time, it is necessary to strictly control the proportion of trading volume to the daily trading volume of a single stock, so as not to affect the stock price as much as possible.

The same goes for taking profits and exiting the market.

If positions are liquidated directly and violently, it will not only cause the stock price to plummet, but also lead to a reduction in yields, affecting the sector and the overall sentiment of the market.

Therefore, when studying strategies, scale is a very important consideration, and the time for opening and closing positions needs to be calculated.

"Yours is a mixed fund. If the market is really bad, you can transfer part of the funds to the bond market. This is not considered a short position."

Chen Weidong made a suggestion.

Of course, deep down in his heart, he still had a solution that he didn't say out loud.

That is, if the fund manager predicts that extreme market conditions may occur next, such as a stock market crash or avalanche, he or she can notify clients in advance to redeem their funds to preserve profits.

But this goes against the fund industry’s goal of making money.

Anyone who advises Christians to sell will cut off the company's financial resources, break the unspoken rules of the industry, and easily become the target of public criticism.

"That's all we can do." Chen Jie sighed.

In terms of flexibility, public funds are indeed far behind private funds, but since he has chosen to be the manager of this fund, he still has to do this well.

After all, he is also a person who wants to save face.

But sometimes when I think about it, I feel that it's so special. I am a rich man with a net worth of tens of billions, and I worry about the money of ordinary people every day.

"Look at this news!"

Li Xier suddenly discovered something, took the newspaper and read: "The female college student went to a leading brokerage company to interview as an administrative assistant, and was actually asked to dance one-on-one with the interviewer."

"The criteria for judging include enthusiasm, initiative, closeness, tightness, etc. Is this an interview or the provision of first-class services?"

"Such a big brokerage company is still in such a mess. This shouldn't be the case in our company, right?"

After saying that, she glanced at Chen Weidong and Chen Jie critically.

"Of course not. We rely on our strength to make a living and never engage in such messy things. Moreover, the number of female employees in the administrative department only accounts for less than one-tenth."

Chen Jie explained immediately.

He thought about it, but restrained himself.

After all, doing this would lower his status too much. Besides, does he need to put in so much effort if he likes a woman?

It's simply not worth the gain.

At this time, Chen Weidong said calmly: "Isn't this normal? What's the fuss? That's what administrative assistants do. I'm just being more direct when asked."

"Oh, the social atmosphere is ruined by people like you." Li Xi'er was indignant, obviously very disgusted with this kind of behavior.

"Financial companies generally require beautiful women, firstly to give the company a good appearance, and secondly, to socialize. If the little beauty roars, the business will be stable."

"Understand?"

Chen Weidong looked like he had never seen the world before.

"You specifically ask girls to have a good figure and be beautiful, and there are all these random requirements. Do you think it's normal?"

Li Xi'er retorted, looking straight at Chen Weidong with a pair of big eyes, as if he wanted him to look good if he was not satisfied with his answer.

"It's not that dirty, and the company doesn't want to have an improper relationship, which is not good for the company, but the general unspoken rules are definitely welcome, such as drinking with others, acting coquettishly, etc. This is a must.

This is external.”

"Internally, we also require that the food be well-fed and that the employees can feel comfortable. Isn't that what administration is supposed to do? Otherwise, why would you be an administrator?"

"These are the responsibilities of administrative positions."

"First of all, you have to understand that the secretaries and administrators of fund companies are just for this job. As long as there is no improper relationship, they are good employees. Do you think a serious person can be qualified for this position?"

Chen Weidong patiently explained slowly.

"All of your subordinates are beauties, and they hang out in front of you all day long. How can you bear to only engage in ambiguity and not get along?" Li Xi'er raised her eyebrows and said coldly.

"Those who do this kind of thing are idiots and are causing trouble for themselves."

"There are so many women out there. If you insist on finding your own secretary, aren't you asking for death?" Chen Weidong shrugged. Anyone with some brains would know how to choose.

"Then if you did it secretly, who would know?" Li Xi'er was speechless, still a little unconvinced.

Chen Weidong smiled and raised a finger: "First, it's impossible for no one to know. Second, even if no one knows, what will happen if the secretary is dissatisfied with you one day? Once the incident comes out, the future will be completely ruined, and not many people will know it.

How dare you do this."

"If you look at the news that breaks out, they are all idiots who are just taking advantage of others. There are more people who are not taking advantage of others and are on the safe side."

"Sex is a knife in the head, but it also depends on who you are targeting. If you deal with subordinates, it will involve job-related crimes, which is hard to explain. But if you deal with unrelated people, at most it will be a disorderly lifestyle, not much more."

event."

"For companies, there can be no male-female relationships in the office because public and private relationships cannot be defined, and it will be very troublesome in the end."

"Hahaha, Ah Wei, you are so right!"

As soon as he finished speaking, Chen Jie clapped his hands and stood up from his chair. For the first time, he felt that he still had to study.

At least this serious way of reasoning with women can be used as a reference.
Chapter completed!