My Fintech Empire

The mysterious funds appearing at this moment are even more powerful, and heavyweight stocks are collectively making an all-out attack, which is similar to the day of June 29, but more violent than that day.

As for what happened on June 29, investors already know that Qunxing and Huijin took action that day. The four major blue-chip ETFs exploded in huge amounts. At the same time, brokerage and bank stocks took off. Today’s correction in oil stocks was not due to Fang Hong’s actions. Intervening and staged a sustained bull market, because Fang Hong did not continue to be long on the "Petrochemical duo" today.

At this moment, investors all suspected that Qunxing and Huijin had taken action to protect the market at the same time, and from the perspective of volume, the funds this time were twice as strong as on June 29.

Anecdotal news came out during the lunch break. Last time, it was a source from Yifangda who broke the news. This time, it was an insider from Huasha Fund.

According to sources, Qunxing Capital spent RMB 50 billion to purchase five major blue-chip ETFs and go long on securities companies and bank stocks. Huijin also stepped in to protect the market again, but the scale of the funds is unknown. The source who broke the news did not disclose the details, but the scale is certainly not a small amount.

The news at noon caused a sensation in the capital market. Yesterday’s Dragon and Tiger List revealed that Fang Hong personally spent 7 billion to protect the market. There is no doubt that he is protecting the market. If you want to make money, there is no reason to support the "Petrochemical duo" at this time. Such a ticket.

Today, Qunxing Capital invested another 50 billion yuan in real money to support the market again, lifting the collapse of the market index from negative seven points below the water. Although it was a source who broke the news, all investors firmly believe that the news is Really, it must be Qunxing Capital who is taking action, because other institutions are smashing it at the moment, and only Qunxing can do this kind of operation that knows it is wrong but wants to go against the trend.

As soon as the news came out, investors were also betting frantically. This is the backbone of the real big A.

It's a blessing that other institutions don't smash the market and don't add short stock index orders, let alone expect them to spend real money to protect the market.

By 13:20 in the afternoon, it had recovered 3800 points and 3900 points from 7 underwater points. The market index turned red and rose again, once again staged a shocking reversal. Many people thought of Huijin and Qunxing's moves on June 29. The market surged by more than 5 points the next day.

Many short-term investors have chased in. As for most investors, they have no money to chase because they are trapped.

However, short-term traders who chased the rise today and expected a sharp rise tomorrow were quickly dumbfounded. They only thought about the fact that Huijin and Qunxing took action on June 28 and the market surged the next day. They did not realize that the situation was completely different.

Financing positions and capital allocations did not explode before, but now they are all exploding, and even umbrella trusts can no longer hold on.

The market index only turned red for two or three minutes before turning downward again. At around 13:23, the index once again turned into a unilateral downward channel, because by this time the 50 billion funds in the hands of Qunxing had been exhausted, and the bullets prepared by Huijin had also been exhausted. Finished.

It is true that real gold and silver will produce immediate results, but once the injection of liquidity stops, it will die on the spot.

This is the case with Big A at this time.

Faced with the large-scale forced liquidation of financing warehouses and allocations, Qunxing Capital took over, and a new round of selling pressure came again. Qunxing no longer injected liquidity to undertake, and the brokerage stocks that had been pushed up before, Banking stocks, including the heavily weighted blue-chip stocks in the 300 ETF, once again collectively turned downward.

At this time, Tian Jiayi, who was in the company, sent a WeChat message to Fang Hong: "The movement of foreign capital today is a bit abnormal. The net inflow of funds from the north alone has exceeded 7 billion. What do they want to do?" ]

Fang Hong replied directly according to the voice: [Haha, what else can they do? Wouldn't you be surprised to know who will come back to preside over the rescue work tomorrow? What good ideas can foreign investors have? Buying aggressively now is just holding back the bad, and I can hear the wishful thinking across the Pacific Ocean. The purpose of getting chips now is to have chips to throw at the opening next week. It's just for eye drops. ]

When the A-share market opens next Monday, funds from the north will definitely take the lead in smashing the market. Even if Fang Hong doesn't have the advantage of foresight from past life memories, he can still judge such a result.

Finally, Fang Hong left the trading room on the second floor, put on a going-out outfit, and prepared to meet Zhang Qi at the agreed-upon location.

As of the close of trading, it was another day when thousands of stocks fell below the limit. Stars Capital spent a huge sum of 50 billion in real money but failed to lift the market.

The Shanghai Stock Index finally closed down 5.77% and closed at 3686.92 points after the bell, once again setting a new low since this round of adjustment. The market index has recorded a cumulative decline of -28.64% in just 14 trading days.

After the market opened, a lot of good news came out frequently, with six major good news being released one after another.

(1) The net subscription volume of the five major blue-chip ETFs reached 59.5 billion that day, and Qunxing and Huijin were confirmed to have taken action to protect the market; (2) The village said that it would reduce the number of IPO issuers and the amount of funds raised accordingly, and rumors spread that management People say that no new shares will be issued when the market price is below 4,000 points; (3) China Securities Finance Corporation will significantly increase capital and shareholdings to maintain the stability of the capital market; (4) QFII quota will increase from US$80 billion to US$150 billion; (5) Strictly spread rumors Behavior, three cases have been deployed; (6) Zhongjin Institute of Finance and Economics has decided to charge differentiated transaction fees based on entrusted quantification and strictly crack down on deliberate short selling.

However, despite the release of so much good news, market confidence has still not been effectively boosted. The market reaction after the news came out cannot be said to be without any disturbance, but it can only be said to be calm.

Because investors have already lost money.

When the sunrise was positive some time ago, the market was still cheered up, and investors were looking forward to it.

What can be exchanged is disappointment again and again, the market plummets again and again, and new lows again and again.

Now that these good news are released, stock investors have nothing to look forward to. They will just continue to fall. Now even if K God personally stands up and speaks out, it may not be enough. The market is pessimistic to the point where the tide recedes and the mud and sand fall. There is little confidence at all.

Now only the liquidity of real money and silver can be continuously injected into the market to be effective.

…

At around 16:00 in the afternoon, there was a tea room in a building in Xincheng City.

There were two people in the room, and they were Fang Hong and Zhang Qi, the boss of Xinhong Securities.

When the two met, they first chatted for a while and lamented the current A-share market. While the two were chatting, Fang Hong received a message from Tian Jiayi. He took out his phone and read it in front of Zhang Qi. .

After a while, Fang Hong put away his phone and looked at Zhang Qi and said: "The message from my assistant, I just received instructions from above, asking me to go to Beijing to discuss the rescue strategy, and bring with me the secrets of Qunxing Capital's positions in the A-share market." data."

Zhang Qi couldn't help but feel a little surprised by Fang Hong's outspokenness. Just when he was about to speak, his phone suddenly rang. After answering, his facial expression flashed with surprise again, and then he calmly called back: " Got it, go ahead and get ready.”

After hanging up the phone, Zhang Qi looked at Fang Hong again: "Mr. Fang, you must have guessed this call. It is also an instruction from your superiors. You are required to go to Beijing tomorrow to discuss rescue strategies. You must bring my Xinhong Securities margin trading platform with you." Confidential data such as position lines and stock pledge closing lines.”

Fang Hong had said it bluntly before, and Zhang Qi naturally didn't hide it, and such things couldn't be hidden, let alone the young man sitting in front of him who was a monster. He looked young but was actually no less than any other. An existence of the level of an old fox. Playing tricks in front of such people will only make you look like a clown, and your conversation will be less roundabout.

Fang Hong took out a document he had brought and handed it directly to Zhang Qi and said, "I'm here today for this matter. I have to ask Mr. Zhang to raise your hand when I go to the meeting in Beijing."

As soon as these words came out, Zhang Qi was extremely surprised. As far as he knew, Fang Hong rarely asked for help, and what he wanted to do could be achieved without asking for help. This was not an easy matter.

It is definitely not a small thing to make him like this, but Zhang Qi is very confused in his heart, how much help can he do for something that he can't even do?

After a while, Zhang Qi looked at the document on the table and put away all the doubts in his mind. He opened the file and looked at the content of the document. He was also very curious about what kind of help Fang Hong wanted him to do.

…