Public Offering "War Epidemic": 27 Fund Companies Spend Nearly 2 Billion 100 Million On Their Own Purchases.

On the first day of the rat, A shares fell sharply under the influence of the new coronavirus infection pneumonia. Although the market is not performing well, many agencies are still optimistic about the long-term investment value of A shares.

More public funds started homebuying.

In the evening of February 3rd, the Xingquan Fund issued a notice that the company used the original capital to purchase about 37 million yuan of the company's partial equity fund in February 3, 2020, and will purchase an additional 23 million yuan in February 4, 2020, which will buy about 60 million yuan of the company's partial stock fund.

And this is not the case.

In February 4th, the business reporter reported in twenty-first Century that in addition to the announcement of Xingquan fund, many public funds opened their own purchase plan.

"We have a self purchase plan." In February 4th, a public fund company in Beijing told the business reporter in twenty-first Century. On the same day, a medium-sized public fund company in Shanghai also confirmed to reporters that its company would have relevant plans.

According to the twenty-first Century economic report reporter statistics, as of February 4th, the public funds which have announced the self purchase plan include 27 days: Hong Jijin, Yi Fangda fund, huitianfu fund, Harvest Fund, Boshi fund, Yinhua Fund and so on, with a total value of more than 2 billion 72 million 500 thousand yuan.

Nearly 2 billion 100 million self purchase plan starts

"The impact of the epidemic on the capital market is relatively short term, but in the medium to long-term perspective, the epidemic has not changed the trend of China's long-term economic growth. The medium and long-term investment logic of China's capital market is still firm and clear, and the valuation of the A share market is very attractive after a short downward adjustment." In February 4th, Celestica fund told the economic news reporters in twenty-first Century.

On the same day, the Celestica Fund said it would invest 500 million yuan with the wholly owned subsidiary of Celestica Innovation Management Co., Ltd. to purchase the stock raising fund of the Celestica fund. Tian Junwei, the fund manager of Celestica fund, will also contribute 1 million yuan to the Tianhong cultural emerging industry fund. This is currently the largest self purchase fund company.

According to the twenty-first Century economic report, the Celestica fund and its wholly-owned subsidiary began to buy their active equity fund in batches in February 3rd. As of February 4th, the total purchase size was over 200 million yuan.

In addition to Celestica fund, the current purchase amount exceeded 100 million yuan, including the Fonda fund, huitianfu fund, Guangdong Development Fund, East certificate capital management and Huaan fund. The purchase amount is 300 million yuan, 200 million yuan, 100 million yuan, 100 million yuan and 100 million yuan respectively.

Similar to the Celestica fund, the amount of funds invested by a number of fund companies also includes subsidiaries. For example, the Fonda fund will invest 300 million yuan to purchase its active equity fund, of which 200 million yuan is invested by Yi Fang Da fund, and 100 million yuan is invested by Yi Fonda's wholly-owned subsidiary.

In addition, there are many fund companies not only through their own funds to purchase their partial equity products, executives and fund managers also participate in the purchase of funds.

Among them, the Boshi Fund announced that it will purchase the company's public offering partial stock fund with no less than 50 million of its own funds, and the company executives and fund managers will also take the lead in the purchase and encourage the company employees to actively apply for the purchase. Yinhua Fund also announced the purchase of its partial equity fund of 50 million yuan, and the company executives and fund managers also took the lead in requisition the company's funds.

The central European Fund said that it would invest 50 million yuan in the company's original capital. It intends to purchase the company's partial equity fund from February 3rd to February 14th. Meanwhile, the company's employees and their families plan to purchase over 30 million yuan in the near future.

"The negative impact of the epidemic on the economy is significant, and the short-term impact will be relatively large. But it can be determined that the long-term impact of the epidemic on the economy is very small. The duration of the impact will only be concentrated in the first quarter of this year, and the impact will begin to fade in the two quarter." The central European Fund said.

A shares rebound

Under the influence of many factors, in February 4th, A shares rebounded.

Data showed that the Shanghai Composite Index closed up 1.34% on the same day, at 2783.29 points, while the index of small and medium-sized board and gem index rose by 3.67% and 4.84% respectively. The transaction volume of the two cities was 906 billion 400 million yuan, and that of the northern capital was 4 billion 920 million yuan a day.

"On the first day of the first year of the rat market, the market was affected by factors such as epidemics and so on. After today's market sentiment is stable, the sectors that are affected by the epidemic are relatively small. Although the epidemic has a direct impact on the media, catering, transportation, tourism and other industries, but for industry, manufacturing, etc., the first quarter of the delayed return to most manufacturing enterprises have little impact on the income of that year. In February 4th, the person in charge of the Fund said.

From the expectation of the follow-up market, the public offering agencies are still optimistic.

"Although there was a partial redemption on the first day of yesterday's opening, there was no overwhelming redemption pressure yet. Although the redemption is certain, there will be no pressure like a bear market, because it is only a matter of time before the end of the epidemic is expected. In February 4th, a public fund official in Beijing told the business reporter in twenty-first Century.

Huaan fund stakeholders also said in an interview, "the epidemic will have a one-time impact on the economy, but will not change the long-term economic trend. The dividends of economic restructuring and capital market reform will still be gradually released in the A share market. For good companies and industries, the current adjustment is a good opportunity to buy.

Compared with the industry sector, technology, medical care, consumption and so on are still frequently mentioned.

"In the current market uncertainty, we still focus on the medium and long term, focusing on the boom industry and focusing on the industry leader. Health care, consumption and technology are the industry sectors that deserve attention in the current market environment. According to the bank's AXA fund.

"The technology industry is currently in the starting stage of the new round of cycle, and the industry boom can continue to improve. Promising sub sectors include 5G base station construction, LED, PCB, servers, network visualization, Ultra HD video, networking applications, network information security, medical information and so on. China Post new fund manager Guo Xiaowen said.

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