It's beyond everyone's expectation.

In the next half month, the Shanghai Stock Index failed to break through 3,800 points, let alone attack the 4,000 point mark.

As the Shanghai Composite Index gradually lost its upward momentum, the overall market chips began to obviously loosen. Whether it was the securities firms that continued to surge, the main lines of major finance, or the main lines of infrastructure, Internet finance, and the smartphone industry chain, they all lost their upward momentum, and countless profit-making orders began to stop.

When exiting the market with profits.

In the entire market, countless retail investors, hot money, and institutional groups focus on the "Yu Hang Series" main fund.

Finally began to appear on the dragon and tiger lists of the two cities one after another.

Finally, following the declining index, he made the final reduction in positions, fully displaying his strategic motives on the dragon and tiger lists of the two cities.

And on December 27th, it’s approaching the New Year’s Day mark.

The main fund product of the 'Yuhang Series' fully reduces the position to about 20%.

Including the main fund products of the ‘Anzhao Series’ related to it.

Announced new fund net value growth.

According to the published net values ​​of the main fund products of the 'Yuhang Series' and the main fund products of the 'Anzhao Series', there are only four main fund products of the 'Yuhang Series'. Except for the No. 4 fund product that was issued less than half a year ago, the remaining three

The annual net value growth of fund products has exceeded 300%, and the total size of the four fund products has exceeded 230 billion.

If we also include several major fund products of the ‘Anzhao Series’.

The volume of fund products managed by the entire "Yuhang System" has exceeded 250 billion.

250 billion fund management scale.

This has made the 'Yuhang Investment' company headed by Su Yu directly rank among the top ten domestic fund companies including public funds and private equity funds in terms of management scale.

Thanks to the arrival of the bull market, the net value of the fund has skyrocketed.

When Su Yu complied with the requirements, the net values ​​of the four main fund products were settled at a unified net value.

This directly caused the company's annual excess income, as well as profits including fund management fees collected, to reach a scale of 85 billion.

That is to say...

Through this year's efforts.

The company has harvested a net profit of 85 billion unique to the company from several fund products.

Regarding the huge excess returns extracted from the company's four main fund products, many "Yuhang Series" main fund investors have no complaints in their hearts.

Not only do I have no complaints.

Faced with the fund share rights that belong to them after net settlement.

Seeing that the initial investment has increased several times in value, everyone is very happy.

At the same time, after several major fund products of the "Yuhang Series" completed net settlement, the premium rates of their fund products' over-the-counter premium share transfers continued to soar in the market.

And when Su Yu opens the "Yu Hang Series" main fund products to free subscription and redemption.

The shares of its related fund products were once again robbed wildly.

Moreover, since Su Yu did not plan to further expand the size of the fund and only allowed as many redemptions as there were subscriptions, that is, while keeping the fund shares unchanged, the premium for the transfer of his fund's over-the-counter shares soared.

It's reached a terrifying point.

Its premium rate has almost doubled compared to its original real net worth.

Of course, what shocked the entire industry the most.

Or the 85 billion excess income extracted from four fund products by the 'Yuhang Investment' company.

This makes all financial companies in the country extremely jealous.

It also made the cash reserves of the 'Yuhang Investment' company reach an extremely generous level in an instant, transforming it from an ordinary investment company into a financial giant.

And in the face of the company's huge profits.

The local government is also very happy.

After all, with such huge profits, the tax revenue that local governments can obtain is also quite generous.

After the income was determined and the 85 billion excess income was paid and taxed and included in the company's account, Su Yu increased the company's registered capital.

Changed the company from 'Yuhang Investment' to 'Yuhang Capital'.

At the same time, the investment business has also begun to shift from focusing on the secondary market to a multi-faceted development path of the primary market, secondary market, and foreign exchange market.

Of course, during the period of re-planning the direction of the business.

The company repaid all the debts it had borrowed from the bank, and continued to cooperate with Pacific Capital, acquiring 15% of the equity of "Nide Times" with 5 billion in cash, improving the company's position in the primary market

Layout.

After that, after a month's rest.

With the company's sufficient capital reserves, Su Yu officially extended his tentacles into the foreign exchange market.

When time passed to January, he went south to Hong Kong City and established an offshore investment company in Hong Kong City in the name of "Yuhang Capital".

The company was established as a wholly-owned subsidiary of Yuhang Capital.

After its establishment, Su Yu transferred 20 billion in funds to the newly established "Gangcheng Yuhang Investment" company, and quickly established a short position in UBS through major market makers and exchange seats around the world.

When a short position is opened.

Major capitals around the world, like crocodiles smelling blood, quickly attacked.

Su Yu lured major capital from around the world to enter and continued short selling at high levels.

Then, when he continued to lose money on his short orders, all the capital groups thought they could kill this prey.

On the evening of January 31, UBS suddenly turned negative, and the Swiss National Bank gave up its support for the Swiss franc, causing the Swiss franc's exchange rate against the US dollar to collapse instantly.

And the exchange rate of the Swiss franc collapsed.

As a result, Su Yu made a huge profit of 2 billion US dollars overnight and became famous in the global foreign exchange financial trading market.

Moreover, the collapse of the Swiss franc also caused heavy losses to numerous domestic and foreign investors who were long this currency, and caused the world's largest foreign exchange market maker, Forui, to go bankrupt overnight.

Facing the bankruptcy situation caused by the ‘Swiss franc black swan’.

All the senior executives of 'Fu Rui' Company were ashen-faced and did not know how to solve the current difficulties.

Su Yu made a surprise visit with his funds and team, and used the funds earned from Swiss francs to acquire the world's largest foreign exchange market maker for US$500 million, laying the foundation for the company's future global financial business layout.

In order to survive the bankruptcy crisis, 'Fu Rui' had to accept Su Yu's conditions.

It became an overseas subsidiary company under 'Yuhang Capital' and wholly owned by 'Gangcheng Yuhang Investment Company'.

After the war with the Swiss franc and the acquisition of the 'Furui' company.

Su Yu turned his attention back to the domestic stock market.

I saw that in February, the stock market began to continue to advance rapidly due to the many positive effects of the Spring Festival.

He took advantage of the completed settlement, with a total fund size of more than 150 billion, to build long positions on a large scale, with the core layout of the two main lines of "state-owned enterprise reform" and "the road to the new era, the Maritime Silk Road".

After his continuous increase in buying positions, as well as numerous positive inducements inside and outside the market.

The Shanghai Stock Exchange Index continued to climb from more than 3,000 points at the end of February to more than 5,100 points at the beginning of June, and it emerged from a bull market in a mighty manner.

And in this big bull market.

The market's turnover has also repeatedly broken through, and once reached the peak of 8 trillion yuan in daily turnover in the two cities.

June 1st, when time has just entered June.

The investor sentiment in the market is extremely hot, and countless people are optimistic that the Shanghai Stock Exchange Index will continue to break through 6,000 points.

Su Yu aggressively reduced his positions and frantically reduced his holdings of related stock chips, which would reach nearly 500 billion in company-managed fund product positions. In more than half a month, the daily price in the market was as high as 78,000.

With the transaction liquidity of 100 million, it has been reduced to about 150 billion, which is about 23% of the position level.

Of course, as he continues to reduce his positions.

Everyone in the market is very confused when faced with the rapid retreat of the main fund products of the "Yu Hang Series".

Even the many investor groups who invested in the "Yu Hang Group" were quite puzzled when they saw the large-scale reduction of positions in the fund products managed by Su Yu every day.

However, even if everyone doesn’t understand.

Everyone also absolutely believed in Su Yu's approach.

No one is thinking about redeeming fund shares at this stage, and no one has any questions or complaints.

And when Su Yu successfully reduced the positions of several major fund products to about 23%.

In late June, the Shanghai stock index, which had been rising vigorously, suddenly turned sharply downward with the completion of the restructuring and resumption of trading of CRRC. At this time, the regulators also clearly miscalculated the market's endurance. When market sentiment declined,

On this occasion, in order to prevent the growth of financial bubbles in the market, it was proposed to strictly curb leverage, cut off the channel for over-the-counter capital allocation to enter the market investment, and forcefully require major securities companies to clean up their capital allocation accounts.

In the regulatory authorities' vigorous efforts to clean up capital allocation and curb the growth of financial bubbles in the market.

The mighty bull market came to an abrupt end.

The Shanghai Stock Exchange Index plummeted from 5100 points, and the "thousand-share limit drop" was continuously displayed in front of everyone as never before.

In this situation...

In less than half a month, the Shanghai Stock Exchange Index fell back to 3,500 points, causing a "stock market crash"-style stampede. Countless people went bankrupt in the market, and the entire market was wailing.

And one month after that.

The Shanghai Stock Exchange Index continued to plummet, with "thousand-share falling limits" appearing one after another.

At this time, many investors who invested in the "Yu Hang Series" fund products were shocked to discover Su Yu's wisdom, and their hearts filled with infinite admiration.

After that, the market's continuous "thousand-stock falling limit" began to trigger a systemic financial crisis.

In order to prevent the outbreak of a ‘systemic financial’ crisis.

After the consensus of the top management, the "national team" headed by "Security Finance" and "Huijin" began to spend trillions to rescue the market and called on the market to go long.

At this time, Su Yu also received a conversation from state regulators, asking him to cooperate in rescuing the market.
To be continued...