Today’s securities companies study all multi volume? It’s no exaggeration to say all year round!
Chinese journalists from securities companies learned that this Spring Festival, a number of securities companies’ research institutes including Anxin securities, Guosen Securities Co.Ltd(002736) , China Securities Co.Ltd(601066) securities issued teleconference / roadshow preview. From the perspective of the agenda, some research institutes of securities companies are fully arranged even on the 29th and first two days of the lunar new year, with four or five live broadcasts almost every day.
Securities companies plan and launch dry goods in advance, which can enrich readers’ spiritual life during the Spring Festival holiday. However, the too “full” schedule also makes many seller peers call “inner volume”.
“Most of them are temporary notice arrangements one or two days before the festival. Some chief executives will use the previous report, but many colleagues have been working overtime to prepare the live ppt since they received the task. I’m afraid they can’t live in peace throughout the Spring Festival.” An analyst who needs to work overtime during the Spring Festival told the securities firm China.
Some insiders said that this wave of operation of individual securities companies would simply “kill their peers”, but such “inner volume” is actually more formal than substantive, and has made little contribution to the distribution of points. “Buyers also need to rest during the Spring Festival, and not many people will really watch the live broadcast”.
There is also the feeling of peers. Is it really necessary to have such a full agenda for the Chinese new year? Others said that the meaningless internal volume makes the seller industry more and more far away from the essence of investment.
too hard! There are five telephone meetings a day, and the new year’s Day is still “open”
securities companies in China have observed that just recently, many securities companies’ research institutes have released Spring Festival teleconference / roadshow forecasts. From the 29th of the year (there is no new year’s Eve this year) to the eighth day of the new year, there are full arrangements. Even on the first day of the new year, two securities companies have arranged no less than four direct broadcasts or teleconferences.
We might as well take you to feel the rhythm of the live broadcast of the research institutes of securities companies.
The first is Andersen securities. The Research Institute of Andersen securities launched an industry wide research framework training package with the theme of “spring at the time of the year” for specially invited users. The content covers the research framework training and practice summary of more than ten industries such as computer, machinery, photovoltaic, communication and social service.
From the perspective of the agenda, the “big gift bag” of Anxin securities is arranged clearly and fully from morning to night from January 31 to February 4. January 31, February 1 and February 2 are from the 29th day of the lunar new year to the second day of the lunar new year, from 9:30 to 16:30. There are five keynote speeches every day.
February 3 and February 4 are from 9:30 to 17:30. There are 10 live broadcasts on February 4, the fourth day of the lunar new year.
Guosen Securities Co.Ltd(002736) also recently launched a full Spring Festival teleconference agenda. The time span is from the first day of the lunar new year to the eighth day of the Lunar New Year (February 1 to February 8). The content covers the analysis framework of more than 10 industries such as copper, aluminum and steel. In addition, there are special topics such as Winter Olympic consumption, energy and power, high-end manufacturing and large categories of assets.
The Chinese reporter of the securities firm noted that Guosen Securities Co.Ltd(002736) this agenda is full of sincerity. In addition to the content of the above analysis framework, there is also an interpretation of the major events affecting the capital market during the Spring Festival. For example, one of the themes of the sixth day of the Lunar New Year is “how overseas hedge funds view the international market during the Spring Festival”; For example, on the seventh and eighth day of the lunar new year, just after the festival, Guoxin’s live broadcast covers the interpretation of household appliances, gold and jewelry, food and beverage, Spring Festival box office and spring transportation data during the Spring Festival.
If the analysis framework can follow the previous data, and the dynamics during the Spring Festival need to be followed by analysts from time to time, it can be imagined that these analysts will have a busy spring festival.
In contrast, the live broadcast arrangement of China Securities Co.Ltd(601066) is relatively “light”, covering five days from the second day of the lunar new year to the sixth day of the lunar new year. There is a live broadcast every day, and the content is more close to the market, such as the prospect of the year of the tiger track.
peer fryer! Is it necessary to roll it like this?
Some seller’s research institutes “go round the clock” during the Spring Festival holiday and don’t close all year round, which makes many peers fry. Securities companies in China learned that not all securities companies recorded and broadcast in advance this time. Some securities companies chose to adopt a practical “live broadcast” in form, and some securities companies temporarily notified their employees before the holiday after seeing the practices of their peers.
“Most of them are temporary notice arrangements one or two days before the festival. Some chief executives will use the previous report, but many colleagues have been working overtime to prepare the live ppt since they received the task. I’m afraid they can’t live in peace throughout the Spring Festival.” An analyst who needs to work overtime during the Spring Festival told the securities firm China.
Some insiders said that this wave of operation of individual securities companies would simply “kill their peers”, but such “inner volume” is actually more formal than substantive, and has made little contribution to the distribution of points. “Buyers also need to rest during the Spring Festival, and not many people will really watch the live broadcast”.
Now that employees are required not to close during the Spring Festival, does it mean that live broadcasting should also be a necessary option during the national day and May Day holidays in the future. In particular, the Spring Festival has a different meaning for Chinese people. It is a rare time for family reunion.
There is also the feeling of peers. Is it really necessary to have such a full agenda for the Chinese new year? Others said that the meaningless internal volume makes the seller industry more and more far away from the essence of investment.
Netizen “Vito’s research notes” posted an article on Weibo to deeply reflect on the problems after the appearance of the Institute’s “non closing of the Spring Festival” during the Spring Festival. The blog pointed out: “for example, this Spring Festival seller’s party. There is no need to listen to the content: the prospect of the industry track is bright, the growth rate remains high in 2022, and the correction is due to XXXXXX. The current valuation is only XX times, the safety margin is significant, and I am firmly optimistic. I am here to listen to the research content, not to Tang Monk chanting scriptures.”
“One temsector is changed eight times. During the Spring Festival, there are wives, children and parents. What’s the meaning of pretending to be a prophet on the phone? It’s boring to work to show that ‘I’m working’. It wastes not only your own time, but also the time of customers. This kind of internal roll is not only ineffective, but harmful. It wastes everyone’s time and produces a pile of garbage.”
The blogger also said: “when we are doing investment research, what exactly do we want to study? One of my most respected seller’s macro analysts said that the seller’s macro should establish some observable, verifiable and correctable lighthouses at key times and positions, and try to make the world in front of us cold and clear.”
In terms of overtime pay, Lawyer Chen Yuan of Beijing Yingke (Shanghai) law firm told the Chinese reporter of the securities firm: “Article 41 of the labor law stipulates that the employer can extend the working hours after consultation with the trade union and workers due to the needs of production and operation. Therefore, if the employee agrees to work overtime, the company does not violate the law, but should pay the corresponding overtime pay.”
