usatvline Chapter 865 GEM
Chapter 865 GEM
Su Yang picked up the agreement on the table, took a look at it, and made sure there was no problem. Then he smiled slightly and raised his head.
"Recently, many people in the financial industry have been busy with a major event. Mr. Ge should have heard about it."
"The newly established GEM will be officially launched soon. Among the first 28 companies to be listed, there are a few that I am very optimistic about."
"I hope Mr. Ge can help me make some contact so that I can buy some shares in advance before they go public."
If we talk about the major events that took place in China's financial market in 2009, the launch of the ChiNext is definitely one of them.
Prior to this, China's two major stock exchanges, the Shenzhen Stock Exchange and the Shanghai Stock Exchange, only had two sectors: the main board and the small and medium-sized board.
Among them, Shenzhen City and Shanghai each have a main board.
That is, those with stock codes starting with 60 and 000, including large state-owned enterprises, financial enterprises, leaders of traditional industries, traditional industries, and some old listed companies in emerging industries.
In 2004, the SME Board was established to provide a financing platform for medium-sized enterprises.
The companies listed in this sector are slightly weaker than those on the main board.
The listing requirements are also lower than those of the main board.
However, both require the company to be profitable, usually requiring three consecutive years of profitability and a net profit of no less than 30 million yuan.
In addition, there are strict regulations on operating income, cash flow, and issued share capital.
However, the ChiNext, which was scheduled to be launched in October 2009, is completely different from the previous two.
If the main board is reserved for mature enterprises, the SME board is reserved for small and medium-sized enterprises in traditional industries.
The GEM is a financing channel for high-tech, high-growth small and medium-sized start-ups.
The biggest difference from the main board and small and medium-sized boards is.
The GEM has very low profit requirements for companies and even allows non-profit companies to be listed.
Moreover, compared with the main board and small and medium-sized boards, the maximum daily increase is limited to 10%.
The upper limit of the ChiNext's daily increase has doubled to 20%.
However, high returns mean high risks.
In fact, among the first batch of 2009 GEM companies listed in , there were indeed companies like Aier Eye Hospital and Lepu Medical that stood out.
However, there are also companies that have been delisted due to financial fraud or a sharp decline in performance.
Ge Weimin's brows were tightly furrowed.
For a mature fund company like his, it has its own specific investment direction and investment track.
Of course he knew about the launch of the GEM, and he had known about it a long time ago.
Within the company, there has always been opposition to investing in the GEM.
High returns mean high risks.
Although a team was eventually formed to prepare for the launch of a fund linked to the ChiNext.
But for someone like Su Yang, throwing in 100 million in one go and then asking him to raise another 400 million, it was simply a joke.
"Boss Su, the so-called projects you mentioned, could it be these companies on the Growth Enterprise Market?"
Ge Weimin looked at Su Yang.
Su Yang nodded slightly: "Yes, to be precise, it's not several, but one."
Ge Weimin sighed.
"The big rise on the first day of listing is reasonable and there is no problem at all."
"But these companies don't have a stable way to make profits. The investment cycle in the high-tech and pharmaceutical industries is quite long. If we put in this money, it will most likely be a waste of money..."
"Do we expect these companies to save Huada Fund, or..."
Ge Weimin hadn't finished speaking, but he was already disappointed.
Su Yang laughed, although Ge Weimin was a little indecisive and obviously lost his courage because of the project losses.
But none of this matters.
As long as his idea is followed, the 500 million yuan profit will be safely put into the pocket of Huada Fund.
"Boss Ge, the contract has already been signed. It's too late to regret now."
"And like I said, you have nothing to lose."
"On the day of listing, if the stock price falls below the issue price and the loss exceeds 20%, you can sell your position immediately."
“High risk is true, but it also means high returns.”
"This is my first time taking action in China's financial industry. Of course, it won't be the last."
Ge Weimin lowered his head, depressed, and unable to speak.
Su Yang smiled slightly: "Excuse me, Mr. Ge, do you have any other way out besides me?"
Finally, Ge Weimin sighed.
"I'll listen to you and do as you say..."
"Among the 28 companies listed on the ChiNext for the first time, which ones do you think are good and how much do you want to buy for each one?"
"Just tell me..."
"I'll ask the company to send someone to negotiate with them."
“To be honest, no one knows how high the stock price will rise or how badly it will fall after listing.”
"China's stock market and financial market are a huge game of chance."
"At this time, if we invest 500 million yuan, I believe that there is no company on the GEM that will not accept it. In the final analysis, it's all about the price..."
"But for us, whether it is a blessing or a curse, it is hard to say!"
Su Yang shook his head: "It's a blessing, not a curse. If I dare to invest, I won't lose."
"To be precise, I am not optimistic about those companies, but only one company."
Su Yang pulled out a piece of paper, wrote four words on it, and handed it to Ge Weimin.
"Shenzhou Tai'an."
Ge Weimin read out the four-character name, thought for a long time, picked up the note and put it in his pocket.
"I'll do as you say..."
"I, Old Ge, will trust you for once and take this gamble."
"Come to think of it, you, Su Yang, seem to win every time you gamble, and never lose?"
Su Yang leaned back in his chair and smiled slightly: "Mr. Ge, what you said is a bit too much, but it's not an exaggeration. I have never lost."
"So guess who will have the last laugh, me or the Benimaru Group?"
There was a hint of amusement on Su Yang's face. Now the Hongwan Group, the Hanhai Group, and Hengjian Real Estate were probably as anxious as ants on a hot pan.
It’s a pity that those three pieces of land will never be in their hands.
No matter who comes, it will be of no use.
Ge Weimin took a deep breath and said, "If the investment in Shenzhou Tai'an can be successful, then I believe you can win. With just a few moves, you can make 500 million and leave. Even if a god comes, he can't use this skill many times."
"But if General Su's undefeated record is broken in Shenzhou Tai'an."
"Then I, Old Ge, will have to re-evaluate my thinking."
Ge Weimin explained and then laughed. The current Hongwan Group and Hanhai Group have nothing to do with him.
He had no intention of distinguishing who won or lost, who was right or wrong.
Are you interested in investing in Shenzhou Tai'an on the ChiNext? There are only a few days left until the end of October.
By early November at the latest, whether we win or lose will be determined...