MTL - The Son of Finance of the Great Age-Chapter 965 Big Avalanche (11)

  Chapter 965 Big Avalanche (11)

  It is one thing to introduce favorable policies, but it is another thing to directly use funds to rescue the market. At present, Huaxia is striving for the recognition of the market economy status including the United States and the European Union. If such an incident happens at this time, it is very likely to affect the certification of this status, so after thinking about it, the leader did not agree immediately.

   Regarding the rescue of the stock market, the meeting finally decided to use policies to stabilize the current market, and through the release of heavy news to affect the confidence of the market, and strive to stabilize the stock market above 4000 points.

   This is the bottom line.

  On Saturday, a sensational news was officially released. The signing ceremony of the "Asian Infrastructure Investment Bank Agreement" will be held soon, which means that the "Belt and Road" work of strategic significance to China has initially completed the construction of the framework.

   On the same day, a piece of news published in the "Securities Journal" showed that the regulatory authorities were planning to rescue the market. Among them, the adjustment of the proportion of stamp duty is expected to be relatively large, and it is currently "going through the process."

  It is also this day. Bloomberg said that according to people familiar with the matter, Huaxia’s regulators are considering suspending the issuance of IPOs to stabilize the current market.

  A few days ago, the market conditions were good, and the regulatory authorities approved the issuance of many IPOs, including super IPOs that misused billions or even tens of billions. Once these IPOs were issued, a lot of funds in the market were frozen. Now that liquidity is needed, the suspension of IPO issuance has to be said to be a very big benefit.

  There are more news on Sunday. Although most of them have not been officially verified, they all have a positive effect on the stock market, including:

  Informed sources said that the funds for buying the bottom of the stock market are ready, and "pension funds" will officially enter the market within the next month, and the funds entering the market are expected to reach 1.3 trillion yuan.

  The central bank issued a document on this day to implement a targeted "reduction of reserve requirement ratio" for regional financial institutions to further support the development of the real economy and promote structural adjustment. For "agriculture, rural areas and farmers", foreign-funded banks that meet the standards, and state-owned banks, the deposit reserve ratio will be reduced by 0.5 percentage points, and the deposit reserve ratio for finance companies will be reduced by 0.3 percentage points.

  At the same time, the benchmark interest rate for RMB deposits and loans will be lowered, one-year loans will be lowered by 0.25 percentage points to 4.85%, one-year deposits will be lowered by 0.25 percentage points to 2%, and other corresponding deposits and loans will be adjusted accordingly.

   It is very rare in the history of the central bank to lower the deposit reserve ratio and lower the interest rate at the same time, which shows the determination of the government to protect the market.

  As soon as the news came out, some brokerages said that lowering the deposit reserve ratio will release up to 700 billion liquidity, which will be a huge benefit to the stock market.

   And on the "culprit" financing market that caused the stock market to fall sharply, related news did not stop:

The regulatory authorities stated that they will suppress off-site fund allocation activities and those that violate the account real-name system. within the scope of investigation.

   At the same time, it stated that the self-examination of the external access of the information system has ended, and relevant reports are being submitted, and the results are expected to be published in the near future.

   In terms of margin financing and securities lending, an urgent notice was issued, requiring all securities companies to submit the latest data on financing and securities lending. The latest data last Friday is that the total amount of margin financing and securities lending in the two cities has dropped to 2.12 trillion yuan, the fifth consecutive day of decline.

   Umbrella trusts said that there was no large-scale liquidation, but some positions were forced to liquidate because they did not pay the margin in time.

In short, all the information gathered together is to admit a common view in the market, that is, the tragic decline on Friday was indeed caused by the forced liquidation of the financing market, but the decline in the financing market has come to an end, and the decline is about to close The market has been driven out of the market, and the rest is the optimized capital structure, which will not fall again.

  So many good news were released on the weekend. It can be said that all the good news has been released, and everything is ready, just waiting for the market to open on Monday.

   It can be said that in order to maintain the stability of the stock market, the management has done its best, and even released the news of "cutting the reserve ratio" similar to a nuclear bomb, but whether the market buys it or not depends on the performance of the market.

   Opening on Monday, surrounded by many good news, the index opened to 4289 points, which is nearly 100 points higher than the previous day's 4192 points. Obviously, the many good news released by the management still played a certain role.

   But this is only a temporary performance. After a brief surge of 8 points, reaching the highest point of the whole day at 4297 points, the index began to turn directly downward, and began to slump again.

  The Internet sector plummeted, the agricultural sector plummeted, sub-new stocks plummeted, financial stocks plummeted...

   A mess everywhere.

The positive effect only played a short-term positive effect, but this time was too short, even less than the time to finish smoking a cigarette, the market continued to go on the road of continuous plummeting, and there was a wave of crazy selling in various sectors again. Especially in the sectors with small and medium market capitalization, stockholders are scrambling for their lives, causing the stocks with limit-down to appear again soon, and one after another, until the market closes at noon, there are hundreds of stocks with limit-down scene.

  The good news has no effect at all, and the confidence of the market is close to collapsing.

   4200 points fell, 4100 points fell, and when the market closed at noon, the index barely stayed above 4000 points, but it was also in a precarious state. The broader market fell by nearly 6% in one morning.

   On the index of small and medium market capitalization, 3000 points were easily lost, without any suspense. The lower limit of hundreds of stocks is only one step away from the so-called "thousand shares lower limit".

   The one-hour break passed quickly without major positive news. Even if there is, I'm afraid it won't be of much use at this time.

  After opening in the afternoon, the 4000 point was broken in a blink of an eye, and the index officially entered the range of 3000 points.

  Within 20 minutes, not only the 4000 points fell, but also the 3900 points were announced to fall, and the drop also expanded to 7%. No, it is not just a repetition, but it is possible to create a new history, that is, not only stocks, but even the index may fall by the limit.

   Once again, there was a thousand-share price limit, and within half an hour after the resumption of trading in the afternoon, more stock prices became a straight line.

  This is a historical juncture. From last year to more than a month ago, the efforts of many investors from more than 2,000 points to 5,000 points have been declared in vain. It took only 13 trading days to fall from 5,000 points to below 4,000 points, and it took more than half a year to go from more than 2,000 points to 5,000 points.

   Falling below 4000 points means that the concept of stock market crash has officially formed in the minds of all traders.

Faced with such a situation, the management naturally cannot sit idly by. Their psychological goal is to protect the index above 4000 points. This is an untouchable red line, but now it is easily pierced by many positives. .

Although it was still trading hours, the securities regulatory authorities had to make an urgent statement. They urgently issued an announcement on social media at around 2 p.m. Not as serious as the market estimated.

   This is a piece of news that comes just in time.

  This news greatly boosted the confidence of the market, and made many of them realize that the current decline is just an irrational decline, especially financial stocks have entered a rapid reversal channel, because they are most closely related to them. Soon financial stocks and banking stocks were pulled up by the huge amount of funds, and they were the first to become popular and lead the rising list. Among them, the performance of several heavyweight stocks was even more outstanding, leading the index to rise rapidly.

  But for stocks with small and medium market capitalizations, this news has no effect at all. Except for some stocks that have opened their limit-down due to the entry of bottom-hunting funds, the vast majority of stocks with a limit-down are still in a state of limit-down, and few people care about it.

  The short-term reversal phase only made the index stand above 4000 points again, and then there was no strength to attack again. In the end, the index closed at 4053 points, down 139 points or 3.34% throughout the day. From the initial 7%, it narrowed down to nearly 4%.

   But unfortunately, the market once again saw a spectacular sight of a thousand shares falling. However, the IC contract of the small and medium-sized market capitalization index, after the previous trading day, once again experienced a limit-down situation. Although the limit-down situation was finally opened, it ended up with a 9.25% drop.

  …

"cheers!"

  After closing, Zhou Changan waved his hand, and immediately a sweet-looking woman walked in with a tray full of bubbling champagne. Zhou Changan took a glass, raised a slight gesture at Xu Fei and the others, and said, "Gentlemen, the work of the past two days has been really well done. This is a small thing, authentic champagne from France."

   "Yeah, everyone has it!"

After taking a sip, Zhou Changan put down the champagne again, and shouted to other traders who were still busy, "Today's champagne is all on my head, everyone can enjoy it at ease. By the way, they are yours too. "

He clapped his hands lightly, and the door of a meeting room opened, and a group of women in cheongsams came out in unison, holding trays full of champagne in their hands, as if wearing flowers. Shuttle through the entire hall like a butterfly.

  The height of these women is about 1.7 meters, and everyone is above average in appearance. They must turn heads when they walk on the street. What is even more amazing is that these women's figures are quite good, with straight breasts, round buttocks, thin fragrant shoulders, thin belly, long white straight legs, and the trading hall is full of spring.

"This is how the same thing?"

  Xu Fei was a little surprised, he didn't know when Zhou Changan hid such a pink army in his company, "What's going on with them?"

   "Business model!"

  Zhou Changan smiled disapprovingly, showing an expression that only men can understand, "I see that the brothers have been too tired recently, so I invite them to come and reward them. While making money, you also need to reconcile yin and yang, don't you?"

   "But I'm not the place to party!"

Xu Fei's face sank, and after glaring at Zhou Changan angrily, he said loudly to the audience, "Sorry girls, it's not time for the party. At nine o'clock tonight, on the eighteenth floor of the Weston Hotel, There's going to be a party, and we'll see you there, shall we?"

  He was euphemistically telling the girls to hold the party in another place.

  After listening to his words, although the girls felt regretful in their hearts, but the master said so, they had no choice but to put down the things at hand and left in twos and threes.

"What's wrong?"

   After being stared at for no reason, Zhou Changan asked in a daze before he could figure out what was going on, "Should we drive them away? Haven't had enough fun yet!"

   "I warn you, no outsiders are allowed in here!"

Xu Fei grabbed Zhou Changan's shirt and said viciously, "This is our base camp, our base. If there is a similar situation again, I will not show face! The operation here, even if it is revealed a little , we all may not be able to eat and walk around, don't you understand this truth?"

   "Also, do you think you can make my employees look up to you?"

After letting go, Xu Fei touched Zhou Changan's chest and smoothed the wrinkles on his shirt, "Don't think that 4,000 points is the end point. Although the stock market can be said to have officially crashed, things are far from over. , there are still tens of billions waiting for us to earn! I think you, like me, shouldn't think about any accidents happening at this time, right?"

   Thanks to book friends such as Daokedao 2011, Lightfish, Hu Dachuzi, cpower, Killing Heart, etc., for voting monthly! There are also many book friends who have not mentioned it, and I would also like to express my gratitude! Seeing the support of so many book friends, the author is very grateful and moved. I sincerely hope that I will achieve good results this month. Thank you everyone~

  (end of this chapter)