Lu Ming took over and opened the list.

Han Qiulin added: "Data shows that the current area of ​​defaulted and suspended construction accounts for about 20%, and defaulted housing companies account for 25% of the industry's total production capacity. It is estimated that the industry's suspended construction area is about 5% of the industry's construction area, and the total amount is 500 million.

Square meter interval.”

Lu Ming said while looking at it: "In other words, from the perspective of the potentially affected bank assets, if 500 million square meters are suspended, based on the asset price of 10,000 per square meter, the corresponding asset value will be about 5 trillion yuan?"

Han Qiulin nodded and said: "If calculated based on sold projects and the average down payment ratio, it would correspond to a mortgage loan of about 2.3 trillion yuan. According to the survey data, unfinished projects are mainly located in second, third and fourth line cities.

First-tier and some second-tier cities are still healthy."

Lu Ming looked thoughtful after reading the material report. He nodded and said: "The scale of unfinished business is about 500 million square meters, the value of the house is about 5 trillion, and the mortgage loan is 2.3 trillion. According to the development in the past two years,

The average cost of houses delivered by commercial companies is about 3513/square meter. To ensure the delivery of unfinished projects, it will take about 1.75 trillion. Assuming that all the unfinished projects are funded by the foundation, about 800 billion will be able to solve the problem of unfinished projects..."

Because unfinished projects are not completely unfinished. Unfinished projects are generally capped or unfinished. Unfinished buildings are really not a big problem. The real big problem lies in the development loans provided by banks, trusts and other institutions to real estate developers.

When it comes to borrowing money, you must know that in recent years the trust has lent a large amount of money to developers, and its model of high debt and high turnover, think about where the money comes from?

Comparatively speaking, the problem of unfinished buildings is really not a big problem, at least it is not the main problem.

Lu Ming here gave a preliminary estimate of 800 billion, but in fact, let the foundation figure it out. 500 billion funds can solve the problem of unfinished buildings. Although the total value of unfinished houses has reached an astronomical figure of 5 trillion

, but this is an imaginary number of valuation, unless 5 trillion real gold and silver are spent to buy it all at this price.

This is obviously impossible.

There is also the number of 2.3 trillion mortgage loans corresponding to unfinished projects. This is the matter of the home buyers. It is the home buyers' own business to pay the monthly payment, how much to pay, etc.

Lu Ming asked the foundation to intervene in unfinished projects in order to ensure the delivery of the buildings, which meant that all the unfinished houses were started and built, so the foundation paid for the construction and installation expenses.

Han Qiulin said: "What we are worried about in our current analysis is that if the foundation fills the hole in this unfinished project, there will probably be more new unfinished buildings in the future, because this road is very difficult for developers and buyers.

The most worry-free thing is that even if the developer has money, it will just end the project and wait for our foundation to continue to save it."

Lu Ming chuckled and said: "It's not possible, but there will definitely be new unfinished projects. Are you waiting for the foundation to save them? Just wait for death. Let's assume that this is an old unfinished project that existed before this year.

It can be said that we sympathize with the house buyers who are envious of buying these unfinished properties and lose their money and house, but they still dare to risk getting into the car after the foundation announcement is released, haha, just wish you luck."

The Science and Livelihood Foundation has also drawn a line in this line, that is, the unfinished projects before December 2020 will be guaranteed to be delivered, and the new unfinished projects generated after this time will not be taken care of.

Finally, Lu Ming made a decisive decision: "That's it, the foundation will allocate a budget of 500 billion to establish a relief fund, guarantee the delivery of the buildings, and strive to solve all these unfinished projects by 2O24."

As for the new unfinished projects, as the saying goes, those who step on the wrong side will be lucky.

Lu Ming has made a decision, but it is still early for it to be announced to the public. The work of ensuring the handover of the building requires the coordination of many parties, and the matter is actually complicated.

This matter is mainly the work of the foundation. Lu Ming is currently in Tiansheng, and the specific work arrangements must be arranged by the foundation.

Lu Ming's current focus is on the restructuring of Tiansheng Capital, which is the top priority, and right now is naturally the 5 trillion review plan that will last for thirty trading days.

It officially starts tomorrow.

…

The next day, Thursday, December 31, the last trading day of the 2O2O year arrived as scheduled. Today is also the last trading day before the holiday.

The two major A cities opened higher today. Half an hour before the opening, the major financial sector strengthened rapidly. With the rise of the brokerage sector and the banking sector, and the assistance of the liquor sector, the Shanghai Stock Index rose rapidly to +1.42%, and the index also

It has reached above 3462 points, and it is already very close to breaking the new high for the year.

Tiansheng Holdings surged +4.02% yesterday on heavy volume, and continues its upward trend today.

Around 10:35, major market software pushed messages:

[Tiansheng Holdings rose more than +2%, with its stock price reaching the 420,000 yuan mark for the first time, continuing to hit a record high, with current transaction volume exceeding 60 billion yuan]

The stock kings who started to adjust in December finally hit a record high on the last trading day before the holiday, and their volume and energy were also released, which attracted much attention in the market.

Yesterday, Tiansheng Holdings rose by 4 percentage points, releasing a capacity of 97.9 billion. This would not have been a major event worthy of attention half a year ago, but in the second half of the year, the trading volume of the stock king is at a sky-high level.

That is to say, the stock price has reached new highs again, but the trading volume is lying on the ground. The volume of 30 to 40 billion per day is completely incomparable to the previous one.

But yesterday, more than 90 billion yuan of capacity was released, let alone today. Within half an hour of the opening, 60 billion yuan of capacity was released, firmly occupying the top position in the daily trading volume of stocks in the two cities. Today

It’s about reaching hundreds of billions of energy.

If Tiansheng Holdings enters the 100 billion volume mark, it means that the trading volume of the two cities is very likely to return to the trillions of trading volume market again.

At around 11 o'clock, the market suddenly plunged into a waterfall-like plunge, which frightened many investors. The increase narrowed directly to +0.67%. This rapid plunge wiped out today's normal gains, but the market index then fell to +0.67%.

The 0.70% water level fluctuated until the market closed in early trading.

At the opening in the afternoon, the two markets once again surged higher with heavy volume.

Near 14:00, the securities sector continued to strengthen, and major market software pushed messages:

[Tiansheng Holdings rose more than +5%, the stock price reached the 430,000 yuan mark for the first time, continuing to hit a record high, and the transaction volume exceeded the 100 billion mark again]

At this moment, Tiansheng Capital's repurchase funds are continuing to perform repurchase operations from the secondary market, and the stock price has been fluctuating all the way up, while also leading the market index to once again break through and hit a new high for the year.

The stock kings started to work hard in the afternoon, the market became hotter, and heavyweight stocks moved up frequently.

After the close, the Shanghai Stock Index pulled up a Zhongyang line, soaring +1.72% to 3473 points, a new high for the year. The closing price almost closed at the highest point of the day. The Shanghai Stock Index officially broke through the upper rail of 3458, which had been sideways for half a year.

Point, a bit beyond market expectations.

Tiansheng Holdings, on the other hand, showed a strong positive line and hit a record high. It closed up +6.37% at 437,901.16 yuan per share. The trading volume increased throughout the day to 151.3 billion yuan. The after-hours market value was 31.87 trillion yuan. In one day,

The absolute market value has increased by 1.9 trillion, which is equivalent to an increase in the total market value of the first bank in the universe.

At around 19:20 in the evening, a blockbuster announcement issued by Tiansheng Holdings instantly detonated the entire capital market.

According to the announcement, the company's board of directors decided to launch a 5 trillion repurchase plan starting from December 31, 2020. It plans to repurchase 10 million shares at an average price of about 500,000 yuan per share and cancel them.

At the same time, the announcement also released today’s repurchase plan. The company has completed 118 billion repurchase funds today.

This announcement from Tiansheng Capital can be called a nuclear bomb, leaving countless investors dumbfounded.

When everyone read the full text of the announcement, there were only three big words written on it - banknote ability!

At the end of the year, on the last trading day of the 2O2O year, I never expected that Tiansheng Capital would suddenly release such a nuclear bomb-level of blockbuster benefits. The investors who were holding stocks to celebrate the festival were very happy. The thighs of the stockholders who were holding stocks to celebrate the festival were slapped in the late trading today.

…

Entering the new year of 2O21, during the New Year's Day holiday, news of Tiansheng Capital's five trillion buyback plan flooded the screen. At the same time, various institutions sang the bull call, and advocated "big for beauty, core assets"

story.

During the three days of the holiday, fellow citizens have "instructed" fund managers on how to buy stocks and quickly added positions to buy core assets, especially Tiansheng Holdings, which gave me a heavy position!

Some Christians even threatened to redeem the fund if they did not buy Tiansheng Holdings.

Good guy!

That’s exactly what fund managers are thinking!

Isn't it just a group meeting? The fund managers said that we are very familiar with this and leave it to us. Dear Christians, take a look!

…

Time came to Monday, January 4, 2O21, and A-shares ushered in the first trading day of the new year. As everyone expected, the market began to accelerate.

Today, the Shanghai Composite Index closed at 3,502 points, up +0.86%. After more than two years, it finally reached the 3,500 point mark again. The daily closing volume was positive, and the turnover of the two cities exceeded one trillion again.

However, Big Finance has no intention of starting today. It just follows the trend of Tiansheng Holdings. The stock leader closed up +3.92% today at 455068.63 yuan/share, reaching the 450,000 yuan mark for the first time. The stock price hit a record high, and the trading volume was also released.

179 billion yuan of energy.

It is worth mentioning that Huijing Development basically fell back after hitting the limit for seven consecutive days. At the same time, it was stimulated by the bullish sentiment in the market and opened the limit today.

The citizens are crazy about adding positions, so the fund managers get the funds and add to the big blue chips.

Not just the stock kings, various core assets have hit new highs all the way, Dongcai has hit new highs, Haitian Weiye has hit new highs, Anshi shares have hit new highs, Maoti shares have hit new highs, Wuliangye shares have hit new highs, Yinli shares have hit new highs, and Longji shares have hit new highs.

A new high, a new high for Zhongguozhong Free, a new high for Yaoming Pharmatech, a new high for Wanhua Chemical...

Tianchi Technology surged +10.47% to close at 2,710.56 yuan/share, with a trading volume of 76.2 billion throughout the day. The stock hit a record high of 2,729.35 yuan/share during the session, and its market value reached 7,318.5 billion yuan. Excluding exchange rate changes, it was approximately

$1.13 trillion.

Tianchi Technology entered the trillion-dollar market capitalization club ahead of Tesla, which is next door to the U.S. stock market. Tesla’s market capitalization has also surged all the way to a market capitalization of 800 billion U.S. dollars, and it is also heading towards a trillion-dollar market capitalization.

There are currently more than 500 stocks on the Science and Technology Innovation Board, with a total market value of 10 trillion, while Tianchi Technology alone is worth 7.31 trillion. The combined market value of all other stocks on the Science and Technology Innovation Board is less than half of Tianchi Technology.

As of today's close, although the market index is only 3,500 points, the total market value of more than 5,000 stocks in the A-share market has expanded to 131.29 trillion, almost doubling.

It is worth mentioning that in today’s market, out of the 5,000 stocks in the two cities, only 1,600 stocks rose, and the remaining 3,300 stocks were all green.

It can be seen that the weight is large and the core assets are rising.

Crazy market, crazy quotes.

Don't even think about making money when buying small tickets. Even hot money has to participate in the core assets of large tickets, otherwise it will be a short position. There is no profit-making effect in participating in other small tickets. The liquidity of small tickets is almost exhausted, and they are all rubbed on the floor.

It’s not just the Big A that’s crazy, the global market is rising crazily. The three major U.S. stock indexes are also hitting new all-time highs, and the Dow Jones Index has soared to more than 30,000 points.

…

On Tuesday, January 5, the A stock market opened today with a decline first and then a rise. After intraday adjustments, it rose directly in the afternoon.

The Shanghai Composite Index closed at 3528 points today, up +0.73%. The daily line closed with a small positive line. The K-line combination has exited the four consecutive positive market, and the volume can continue to amplify and maintain trillion-level trading volume.

Big finance as a whole is still suppressed, which leaves many brokerage holders speechless.
To be continued...