Category: Money Tips Date: 2006-09-07
I believe many people in 1999's "5.19" Quotes in mind, in fact, before the "5.18" Quotes is also a special historical marks left behind. In my mind, I was impressed, is in the "5.18" and "1.19" Quotes section between the past, it is now out of print the fund has become a classic interpretation of Quotes.
1995 "5.18" big market, triggered by management announced a freeze on all varieties of bond futures trading. Tape in 3 days on the Shanghai index will be pulled from the 582 points, 926 points, representing an increase of 59%! This is unimaginable today, because there was no price limit. But the broader market has gradually declined since then, and in 1996, January 19 to another record low 512 points, and in this launched the famous "1.19" Quotes.
Was in Shanghai and Shenzhen-traded funds are all closed-end funds, including three in Guangdong, Shanghai and Shenyang 1 Internet transactions, 8 a total of 11, and plates less than 130 million copies of the biggest, the smallest of the 34 million copies, the price of 2 yuan, of which Shenyang Fund 2 yuan. These funds basically invest in industry-based, the annual dividend was considerable, 0.20 yuan.
In the "5.18" big time to be forgotten this is a "board." I was faced with the extraordinarily high price-earnings ratio, and everywhere are more than 20 yuan stock market, that is really no place to start with, but found in the Fund tremendous opportunities. Funds are not stock, but in a special historical period, these long-term investment in the fund industry by its very nature is not our present securities investment funds, the vast majority of them are also not available for renewal, so you can be listed as in investment the company, the reason for such a low price is because no excavation.
In clarifying his own ideas, I started in the media strongly recommended the fund. I was optimistic about the fund raised by a few major reasons: first, good performance and stable returns, fixed income far more than banks. Because the market price-earnings ratio was astonishingly high, so this is the best position to convince the market launch fund Quote reasons. Followed by the Fund, a small plate, future expansion opportunities facing.
As the stock price higher, when the market is very welcome to low-cost placements, a soft spot for ex OK. At that time, being discussed, "the fund management approach" draft, which calls for the size of the fund at least 100 million copies of more than 3,000 million people, therefore the existence of 1:2 small-cap funds to meet the standardized requirements of additional possibilities, and the Fund can only be the face value of 1 yuan issue, plus fees up to 1 cent.
Another point: The new education fund are likely to be listed.
Listing of new shares the market now a hearing on the fear, but it was often ahead of the listing of new shares led a group of related stocks rise, widely rumored upcoming Education Fund is a natural theme.
Quotes in early August of this wave started by the end of October to reach orgasm, actually only 3 months, but the Fund been the market price to vigorously explore, several smaller is called the "Four Little Swan" in small-cap funds are from 1 yuan risen to more than 5 yuan or more.
Perhaps a friend could not understand the investment fund could sell for more than 5 yuan. Perhaps today we can put the Fund Quotes boiled down to speculation, but the stock price at that time but this speculation is reasonable. That wave Quotes in Shenyang Fumin (550,512 market, information, advice, more) hit the highest price of 5.62 yuan, but the astronomical history of the fund is not created from that wave Quotes. July 26, 1996, Shenyang Agricultural Letter (550,511 market, information, advice, more) Small Cap Fund 6.50 yuan hit a record, while the old fund is a real astronomical May 13, 1997 by Zibo Fund (500.5 thousand Quotes, information, advice, more) record of 7.25 yuan! However, if the high price that is to say the fund after the fund invent norms. October 28, 1999, Jijinyuyuan (500,016 market, information, advice, more) market, opened at 2.45 yuan, but then there's a deal on the birth of the Chinese stock market fund astronomical, perhaps later this record will never be broken, and the sky-high price of 10.00.
The ultimate ownership of the fund is also the original expected. The vast majority of the old fund with a high proportion of the increase, which was originally expected to increase with price 1.01 yuan, and then change the new name, becoming the first batch of China's securities market standardization of closed-end securities investment funds. April 7, 1998, the first only to Kim Tae-regulated closed-end funds Fund (500,001 market, information, advice, more) formal listing.
For the year for those who have entered the stock market, I am afraid no one will forget that the vigorous "fund revolution", but may forget the "four little swans."
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