My Fintech Empire

The two cities were wailing. The stock investors were in a crazy mood today. In the morning, they were still eating hot pot and singing songs, shouting that 10,000 points was not a dream. The market had just started at 5,000 points, but in the afternoon they suffered a head-on blow. The plummeting all the way was like ten thousand. Even the ox can't hold it back.

History is always surprisingly similar. After eight years, A-shares ushered in a new round of bull market this year. When the market index exceeded 4,900 points and hit a record high, the market once again repeated the "530 tragedy" of that year. Today This wave of "528 tragedy" is destined to be recorded in the history of A-shares.

Eight years ago, in 2007, the A-share market at that time continued to set new records with a short-squeeze-style rise just like it does now.

In order to prevent excessive speculation, in the early morning of May 30, 2007, the Ministry of Finance and Economic Affairs adjusted the stamp tax rate for securities transactions from one thousandth to three thousandths.

On the same day, the market plummeted -6.5%, and in just one week, it plummeted from 4,300 points to 3,400 points, a loss of nearly a thousand points.

Many stocks hit their daily limit three times in a row, and investors were caught off guard and suffered heavy losses. This is the famous "530 Incident" in the history of A-shares.

Afterwards, the market adjusted for two months before regaining its strength, and rose again until it reached its historical top at 6124 points on October 16, 2007.

Eight years later, today is also the end of May in the bull market, such a striking similarity.

It can be said that this moment is just like that moment.

The current plummeting scene reminds many old investors of the "530 tragedy" that year. The market completely collapsed and triggered a stampede decline. A large number of individual stocks also showed a long-lost plummet.

Not only large financial banking stocks, brokerage stocks, and insurance stocks collapsed, but Galaxy concept stocks also collapsed today. 12 of the 21 Galaxy stocks fell by the limit, and Xingyu Technology also fell by more than 8 percentage points.

The recently popular Toutiao and Quantitative Capital have both fallen by the limit. The former's stock price has dropped to 143.44 yuan, and its market value has dropped to 179.3 billion; the latter's stock price has dropped to 762.27 yuan, and its market value has dropped to 1,065.6 billion yuan.

As of the close, the three major stock indexes plummeted across the board, with the Shanghai Stock Exchange Index plummeting -6.50% and closing at 4620.27 points; the Shenzhen Component Index plummeting -6.19% and closing at 15912.95 points; the ChiNext Index plummeting -5.39% and closing at 3432.98 points.

More than 500 stocks in the two cities fell by the limit. In terms of volume and energy, the trading volume in both cities exceeded one trillion yuan, further breaking the historical transaction record of A-shares. Today's trading volume reached an unprecedented 2,357.6 billion yuan.

The money seemed like paper and Happy Beans, which was jaw-dropping.

Even if it is more than two trillion pieces of paper and more than two trillion happy beans, it is still an incredible scale, let alone real money and silver.

Today's "528 tragedy" has caused such a sharp decline. Just like the "530 tragedy" that year, the majority of investors were caught off guard. In the morning, there was still a steady upward trend and the momentum of breaking through 5,000 points. As a result, a series of major negative news were released intensively. The two cities collapsed like this.

…

In the afternoon, stay in the villa quietly.

"In the past few days, the company's withdrawal has completed 70% of the target. Among them, brokerage stocks have sold off more than 80% of their positions, leaving only some bottom positions." Tian Jiayi is reporting to Fang Hong on the trends of Qunxing Capital's A-share market investment sector. .

Normally, it would be absolutely impossible to complete the evacuation in such a short period of time. After all, the size of Star Capital is there.

But in the current mad bull market conditions, liquidity is unprecedentedly abundant. The trading volume of the Shanghai and Shenzhen stock markets has both exceeded one trillion levels. Fang Hong clearly knows that the number of days that the trading volume will exceed 2 trillion yuan will still be exceeded. For five days, this life may be more exaggerated.

After a while, Fang Hong ordered: "Stop selling the remaining target withdrawal funds tomorrow, go long as appropriate, and stabilize the market. WeChat will be listed next Monday, and we will make the final withdrawal until next Wednesday, especially It is the brokerage stocks that have completed the clearing task.”

Tian Jiayi nodded, made a memo of his decision, and will inform him when he arrives at the company tomorrow morning.

Today, this explosive Yin K-line poured down, but it really caught off guard the hundreds of millions of investors in the two major cities and ate a bowl of noodles. By now, they are still panicking. Guo Jia's institutions have all cashed out from the four major banks. How can we not panic when there are even rumors that Qunxing Capital is clearing out brokerage stocks?

God K’s accurate grasp of the market has been proven right by past history.

At this moment, many frightened investors went to Fang Hong's personal Weibo to send private messages and leave messages asking whether it was true that the rumor that Qunxing Capital liquidated brokerage stocks was true. Now the news was flying all over the sky, but Qunxing Capital did not come out to respond.

Some investors also went to Fang Hong’s Weibo to ask how the market will go in the future.

Fang Hong also read some of the comments or private messages on Weibo, but he was silent at the moment because he really couldn't jump out and say anything. At this juncture, he could only choose to be silent.

Whether you are bullish or bearish, it is a big pot. Keep singing long. The stock market crash will explode later. If you put a big pot to lure hundreds of millions of investors to take over the market at a high price, it will definitely fall. Choose to be short, just in case the market situation changes. Starting from today, the market crashed in advance and staged a catastrophic massacre. It became the main culprit of the market collapse, and it was also a big pot.

Everything he said at this time was wrong. Fang Hong could only pretend that he didn't see it and would never beep.

The fact that Zheng Jinsong was beaten happened at this juncture. To a certain extent, it gave Fang Hong a reason not to speak out. The person who hit Zheng Jinsong hit Fang Hong in the face.

At this moment, God K is very angry and angry. How can he still be in the mood to say something? I kindly set up a wealth fund to help everyone get rich together, but what happened happened. Instead of being grateful and unappreciative, I was scolded and even slapped in the face. Why should I continue to serve you?

God K is not talking now, so don't say anything. If you want to blame, then blame that Jian. If you want to scold, then scold that Jian. It was him and the group he represents who broke God K's heart.

Not to mention, the current trend of public opinion has become that Jian is being criticized by thousands of people, especially investment clients who hold wealth funds. They even want to have an offline fight with Jian. PK, fortunately he has entered the detention center now, otherwise someone would have to designate him to find the rhythm of offline PK.

This unexpected incident actually gave Fang Hong a "protective shield", giving him the right to remain silent. No one would blame him if he didn't speak.

I have successfully avoided the limelight and waded into the muddy water. I just stood on the shore and waited for the call to rescue the market. When I came off the stage, I turned into a bright light to save the market.

But at this moment, Fang Hong suddenly gave a stern warning: "By the way, tell the people in the company, especially the analysts in the investment research and analysis department, to keep their mouths shut at this time, and not to speak on any occasion or at any time." Anyone who dares to express any opinion on the market outlook, whether in the name of an individual or a company, at this juncture will be thrown into shame."

At this juncture, with Star Capital's current large scale and huge influence, as long as it stands up and expresses its market opinions, no matter what it says, it will be wrong, and it must be kept strictly shut.

In the upcoming catastrophic massacre, Stars Capital can only and must become the savior of the market that takes the lead in responding to the call and generously responds to the call.

...(End of chapter)