My Fintech Empire

In the afternoon, Tian Jiayi came back from the company.

After entering the villa, she went to the study room on the second floor and found Fang Hong: "We have received some of the latest reliable news. The management will come up with a latest rescue measure. It will take effect from the date of issuance of the notice, restricting the rights of directors, senior supervisors and directors of listed companies." Reduce holdings.”

Tian Jiayi looked down at the content of the document he brought over and said: "Specifically, within six months from the date of issuance, controlling shareholders of listed companies and shareholders holding more than 5% of the shares, directors, supervisors, and senior managers are not allowed to pass the second The secondary market reduces the company's shares. Major shareholders of listed companies and their directors, senior management and supervisors who violate the above regulations and reduce the company's shares will be severely dealt with."

"If the stock price of a listed company drops by more than 30% cumulatively within 10 consecutive trading days, directors, supervisors, and senior personnel will increase their holdings of the company and promise not to reduce their holdings of the company's shares in the next 6 months; the equity shares of the listed company will reach or If the amount exceeds 30% of the company’s issued shares, the increase in holdings shall not exceed 2% of the company’s issued shares every 12 months.”

This situation is a bit like the "supervision team" holding the equalizer of all living beings against their heads to support the market.

Fang Hongyan said briefly and comprehensively: "Has it been printed and distributed?"

Tian Jiayi replied: "The notice should be issued tomorrow, but many people must have learned about it through some channels."

Hearing this, Fang Hong was speechless for a moment. He just shook his head but didn't say anything.

However, Tian Jiayi immediately complained: "To be honest, I really can't understand this news. You can encourage directors and senior managers to increase their holdings, and you can encourage directors, senior managers and supervisors not to reduce their holdings. There is no problem, but it should not be mandatory not to reduce your holdings. Let's assume it The starting point is good, but it is hard to explain in one word. After the market game, it will inevitably turn to the opposite direction."

The beautiful assistant added: "This will cause some directors and senior managers who did not intend to reduce their holdings to cash out part of their holdings in advance to avoid unknown changes in the future. Moreover, the biggest problem is that it is still impossible to actually restrict the directors and senior managers who originally planned to cash out. A They don’t need to reduce their holdings in H shares, but they can reduce their holdings in H shares, and this notice has no control over the H shares.”

A more straightforward translation of this matter is: you listed companies, big and small, directors, senior supervisors and high-level executives have cut too hard to cash out, and you are not allowed to cut anymore. And those who cut too hard in the past have to spit out some for me to buy back. No. go? Do you think I will agree if I hold the instrument of equality in my hand?

Tian Jiayi is obviously not defending those directors, senior supervisors, large and small non-high-level cash-outs, but believes that this method will not only not help the current market rescue, but will add chaos, will cause greater panic and selling, and most importantly, it will also miss out on H shares. , many companies, especially heavyweight blue chips, are listed not only on A-shares but also on H-shares.

Well, directors, supervisors, and big and small are not stupid, especially some refined egoists among them. They can quickly react. If I can't reduce the big A, then if I go south to reduce the H shares, it will be over. Even if there is no violation, you can still reduce your holdings and cash out.

Even someone like Tian Jiayi, who is not a trader, can conclude that H shares will face unprecedented huge selling pressure tomorrow. How can the plunge of H shares not affect the market sentiment of A shares?

The most important thing is that the notice has not yet been issued. Some people who have learned the news in advance will inevitably reduce their holdings early tomorrow morning. Your notice has not been sent, and I don’t know. You can’t count me as violating the rules if I reduce my holdings.

Fang Hong did not comment too much on the matter. He skipped it and asked: "What other news is there?"

After hearing this, Tian Jiayi immediately replied: "Oh, there is another news. The Securities Finance Company has received sufficient liquidity support from Yangyang Bank and provided 270 billion yuan of credit lines to 22 securities companies through stock pledges for the securities companies' self-operation. Overweight stocks.”

"Okay, tomorrow the securities sector will open immediately." Fang Hong came to the conclusion directly. He took a deep breath. It's really hard to break down. Your crazy Cary is amazing all the way, but he can't withstand the flying blows sent by his teammates. .

The market's immediate interpretation of this information will inevitably mean that brokerages are required to spend their own money to protect and take over the market.

This matter depends on how the market interprets and understands it. Different understandings lead to very different conclusions. If the market can rise sharply later, and the brokerage firms both protect the market and successfully hunt for the bottom, it will definitely be good for the brokerage stocks; if the market continues to fall sharply later, then the brokerage firms' protection of the market is equivalent to taking over the market, it will definitely be bad for the brokerage stocks.

The question is, what is the current market situation like? This is a situation where investor confidence has plummeted along with the market.

Some investors who have lost money have been crying at night these past few days. The last time I dropped from 6124 to more than 1600 points, I didn’t lose as badly this time because the volume last time was not as crazy as this time, and the time last time was long. Although it hurt, it wasn’t life-threatening, but this time it wasn’t. Similarly, the amount of leverage can be extremely large, and the time is short. Some people even have twenty years of wealth accumulation wiped out in just one month, which is absolutely painful.

In this market state, with all the good news ahead unable to hold back, will investors dare to believe that brokerage firms’ self-operated funds have succeeded in bargain hunting? It is absolutely necessary to confirm the takeover first. Don't think about it, it will definitely be interpreted as a big negative and vote with your feet.

There are evil short-selling forces on the outside looking at it, and there are frequent manipulations on the inside. Even if the gods come, they can't save Big A's market tomorrow.

…

The next day, Wednesday, July 8th.

Fang Hong came to the headquarters of Qunxing Capital at eight o'clock in the morning today. When he came to the trading hall, he immediately ordered: "Go and make arrangements. Contact those institutions. If there are small and medium-sized index funds that have not opened the subscription channels, let them open them all today. We will Scale indirectly increases holdings, and those that have been opened also increase holdings.”

Speaking of this, Fang Hong conveniently turned to the indexes related to small and medium-sized enterprises. After looking at the GEM index, he couldn't help but sigh: "It's really difficult for big A investors. So many investors regard the word 'K God' as their belief." , we must be worthy of these two words."

The subordinates immediately carried out the order from the big boss and contacted the major public fundraising institutions. The major institutions that received the news would definitely welcome it. Now they are worried about the lack of liquidity. Needless to say, someone has sent it.

In an organization, several senior executives are chatting with each other at the moment.

One of the vice presidents said incomprehensibly: "This recent market operation by Fang Hong is really hard to understand. What do you think he is trying to do? In two days, no less than 400 billion yuan of real money has been poured into it." Alright?"

The executive next to him immediately said: "There must be something up his sleeve. He has stolen all the limelight in the past two days of bailing out the market. Everyone else has become a foil. He went to the Beijing meeting and said 80 billion. Good guy, he just did this." To spend 400 billion yuan in it in two days must be very exciting for the higher-ups. If you ask me to put it bluntly, this is just an act of flattery."

He then added: "Today, small and medium-sized enterprises have started to be supported again. Most of the investors are trapped in it and can't get out. Everyone treats this place as an abandoned place and ignores it. When everyone gave up here, Fang Hong was close to the investors. When he was desperate, he suddenly made a twist and raised his hand, and won the hearts of the people. I have to say that he was really clever. Some top old foxes are only as sophisticated in planning."

The CEO of the organization present immediately said: "What you said is a little bit like a villain's heart, and you are trying to judge a gentleman. The pattern is open, and the right way is that a gentleman talks about his deeds but not his heart. There is no perfect person in the world, and no matter what you say, you are taking 10,000 steps back." , these 400 billion are real money and silver, and judging from the current situation, it is far more than this amount. The established fact of real money and silver cannot be faked, right? Who can achieve such a conscious state? Even if the other side is therefore Isn’t it natural and right to be appreciated by people above and win the hearts of people below?”

…