On Monday, January 4, the first trading week of 1988, Xiangjiang stock market began. A few days ago, it was widely regarded as a consolidation market, which was a little dull. The Hang Seng index still hovered at 2500 points as usual, as if waiting for something.
Soon, there was a rumor that TraHK, the world's first ETF originally scheduled to be listed tomorrow, would press the pause button.
In fact, as soon as the news came out, the listener believed it without hesitation. The causality is obvious. The senior management of Xiangjiang stock exchange was taken by a nest. During the power turmoil, what if the trading platform fails to work and makes mistakes, affecting Yingfu fund?
You know, after full communication with all sectors of society, TraHK fund is quite promising, and investors have a high willingness to participate. However, those involved in a wide range should be treated with caution.
Near the noon closing, Xiangjiang development investment fund finally officially responded to the media. Indeed, due to technical reasons and for the sake of prudence, Yingfu fund suspended its listing and held a press conference in the afternoon for communication and explanation.
The subsequent decline of the Hang Seng index reflects the disappointment of the market.
The current Xiangjiang stock market has been "reset" to the level of about a year ago by the Black Monday stock disaster. Investors who have tasted the sweetness must hope that the Xiangjiang stock market will recover as soon as possible. Moreover, the rescue effect of Xiangjiang financial authority is very effective, which also gives this hope real support.
The rise of the stock market is different from the fall. There must be a volume lift. Yingfu fund is like the big dish with high hopes. The salivating diners all picked up chopsticks. As a result, the chef said that the dishes should be served for a while. Can you not be disappointed?
During the noon period, the media all talked and couldn't wait to speculate and analyze. What is the so-called technical reason? Should it not be related to the power struggle of Xiangjiang stock exchange?
The hotlines of radio and television stations are constantly called in by people of concern, all expressing the appeal that Yingfu fund should not die prematurely.
This kind of emotion is summarized by the financial presenters and guests in the studio that the background of Yingfu fund is trustworthy, and it is closely related to Xiangjiang development investment fund, which directly belongs to Xiangjiang financial authority; The portfolio logic of TraHK fund, which is mainly composed of Hang Seng Index constituent stocks, also reflects a kind of soundness. This is very attractive to conservative investors who tend to the latter in risk and soundness and want to save trouble.
Take those entry-level investors who feel the pressure of inflation and want to offset some more or less through steady investment. It is difficult for them to choose a satisfactory stock; Selecting a basket of stocks requires more technology. The trusted TraHK fund is simply the most satisfactory choice in the current stock market.
After such a brewing at noon, the press conference of Xiangjiang development investment fund in the afternoon was more and more overcrowded, and they would not be disappointed. Sir Gao, President of Xiangjiang financial authority, personally appeared.
"It's really a pity. To be on the safe side, the listing time of TraHK fund has to be postponed because there have been some turbulence on the stock exchange. I think everyone knows that this situation is likely to affect the operation of TraHK fund at the technical level." Sir Gao explained patiently.
"After full communication with all sectors of society, Yingfu fund, as the first ETF, has its mechanism. I believe everyone knows something about it."
"For example, the feature of 'passive management', the content and proportion of the portfolio, and the content and weight of the constituent stocks of the linked Hang Seng Index, do not need the active choice of the fund manager, so the operation cost is relatively low."
"However, this does not mean that the front and back work of TraHK fund will be easy. For example, there is an extremely important basic data called indicative optimized portfolio value, which refers to the net value of unit fund, referred to as iopv. The stock exchange is required to calculate the real-time unit reference net value of TraHK fund based on the real-time trading price of stocks, so that the quotation is displayed every 15 seconds and investors buy The selling market price is based on this as a reference, which shows its key. "
"For such meticulous work, the stock exchange has set up a special working group to cooperate, but it seems a little unstable at present."
"In addition, we must foresee that in the free market of Xiangjiang, Yingfu fund, as the first fund of ETF, will become a model after its great success, attracting the rapid emergence of new ETFs, which will greatly increase the workload of the stock exchange."
"Therefore, suspending the listing of TraHK fund is the safest decision at present."
The reporters immediately had the next question. Sir Gao personally explained it and explained it so patiently that everyone understood and understood why the listing of TraHK fund was suspended. There must be an exact waiting time, three or five days? A week?
As a result, sir Gao replied ambiguously that Xiangjiang development investment foundation stepped up active coordination with the new management of Xiangjiang stock exchange.
Therefore, another reporter raised an old question. It seems that even Sir Gao is not sure to give the exact time for the listing of TraHK fund. The market value of these stocks accounts for 5% of the total market value of Xiangjiang stock market. Will the long-term holding of Xiangjiang development investment fund cause losses to Xiangjiang foreign exchange fund?
Sir Gao chuckled and replied with full confidence that Xiangjiang development investment fund bought a large number of these stocks in order to save the market, but they were basically bought according to the selection criteria of blue chip stocks and blue chip stocks. The price now seems to be quite affordable. From the perspective of investment return, it is quite cost-effective, and there is no risk. Because of this, the voice of Xiangjiang development investment fund competing for profits with the people came out, so there was Yingfu fund.
These words are tasted carefully and can afford to wait. The rebound of Xiangjiang stock market lacks Yingfu fund, which is in front of us. The pressure is not on the side of Xiangjiang development investment fund.
Finally, the reporters remembered that, in fact, someone would certainly remember asking Sir Gao about his views on what can be described as the most popular topic in Xiangjiang at present.
In just two days, Li Fuzhao, the former chairman of Xiangjiang stock exchange and known as the godfather of Xiangjiang stock exchange, was taken away by the ICAC for investigation; Several executives of Xiangjiang stock exchange were arrested; The key members of the Committee of Xiangjiang stock exchange are required to be unable to exercise their functions and powers; Xiangjiang stock exchange was taken over by the temporarily established management committee; And the problem of Xiangjiang securities industry behind this, sir Gao won't have no idea about it?