My Fintech Empire

As time went by, the A-share market announced the results of the call auction at 9:25.

Thousands of stocks in the two cities once again fell to the limit and opened, and hundreds of millions of stockholders mourned everywhere.

During the bidding stage, the Shanghai Composite Index directly penetrated 3700 points and 3600 points in succession, and opened with a super large jump of -6.97% at 3467.40 points, directly setting a new low since this round of catastrophic market conditions.

As expected, Zhongguopingan fell by the limit and opened today. The short-sellers are determined to win today because they are sure that Fang Hong will not come today. The short-sellers will be happier if he comes. Even if it is pulled out again, it is not unacceptable.

As long as Fang Hong doesn't come, the short forces will really have nothing to lose to other opponents.

In addition, the brokerage sector was also in trouble today, opening sharply lower by -8.12%. Individual stocks fell to the limit and opened in large areas. As soon as the news of 270 billion came out, investors stepped on the direct bidding.

Even the banking sector, where Qunxing Capital's main funds are located, opened sharply lower today -4.79%.

Hundreds of millions of stockholders in the two cities were desperate to see such an opening of the index. However, what made the stockholders feel fortunate and quite unexpected was that the main boards of the two cities were filled with fierce bidding, but small and medium-sized enterprises were unusually strong today.

The GEM index call auction only fell by 2 percentage points. The vast majority of investors still don’t know about K God coming to small and medium-sized enterprises to support the market, because it will take time for the news to spread. However, major institutions and some well-informed people I already knew this before the market opened.

Therefore, the SME index is much stronger than the main board indexes of the two cities during collective bidding.

At the opening of trading at 9:30, the Shanghai Composite Index opened lower and quickly fell further, reaching a low of 3421.52 points, a drop of more than -8.17%, the largest single-day decline since 2007, and the two cities were wailing.

The 22 listed companies under Qunxingxing also opened sharply lower again, and quickly collectively hit the limit at the opening.

The sub-new stock WeChat -10.01% fell by the limit, 23.47 yuan per share, the market value shrank to 516.3 billion, the peak market value was 990.6 billion, the cumulative decline was -47.88%, almost halved; Quantitative Capital -10.00% fell by the limit, 440.45 yuan per share, the market value shrank to 615.7 billion , the peak market value was 1.3301 billion, a cumulative decline of -53.71%, and it has already passed the midpoint; Toutiao dropped by -10.00%, to 79.39 yuan per share, the market value shrank by 99.2 billion, the peak market value was 237.1 billion, a cumulative decline of -58.16%, this is almost a big cut .

In this round of irrational decline in the catastrophic market, the stock prices of the 22 listed companies under the Group Xingxing Group have definitely gone too far and have become seriously oversold.

At this moment, all the major stock forums and communication groups in the two cities are filled with howls of despair.

[Destroy it, hurry up, I’m tired. ]

[Haha, there’s no way to play, there’s no way to play, the battle ends at 9:30 every day. ]

[Wrong, the battle ended at 9:15. ]

[Hahahahaha...]

[Today, a total of 1,600 listed companies have been suspended from trading. There will be no need to rescue the market in three days, because almost all of them have been suspended from trading. There will be no harm if there is no trading. Please help the exchange to turn off the lights, power, and water for the last suspended company. , lock the door. Then, remember to give the key to the old man at the door, named XG]

[Haha, this is too funny to answer. ]

[I received a message from my boss this morning, asking me to urgently notify customers and contact them quickly to clear their positions. Be sure to contact everyone, especially customers with classified Class B funds and financing...]

[In a word, without large-scale meat cutting, the stock market will not reverse. ]

[I want to cut myself off, really, but don’t stop trading, just let me out! ]

[Watching the bloody battle between God K and the short-selling forces in the past two days has been very exciting, but then seeing my stock account crazily falling to the limit, I feel really aggrieved, silently crying under the quilt...]

[Am I the only one who thinks the bailout has failed? ]

[Both over-optimism and over-pessimism are undesirable. You can say that the market rescue has failed, or you can say that the adjustment has taken a big step forward and is getting closer to stopping the decline. If the dip fails, it is acceptable to hold the stock for a long time. , if you don’t find good stocks that can be held for a long time, don’t buy at the bottom, especially junk stocks that originally cost only a few yuan but have been speculated to hundreds of yuan. Don’t think that you are safe if you cut them in half, as there is no bottom.

If you want to buy stocks at the bottom, for example, Galaxy stocks are good, as they have cut in half in large areas. I have seen many people say before that they must buy stocks in Galaxy stocks if there is a deep correction. Now, not only are there deep corrections, many of them have already crossed the halved mark. At this time, it is Fear or greed? It is estimated that not many people are on it, but I chose to be greedy and have started to build positions one after another to buy at low prices. I bet that the galaxy will return to its peak or even reach new peaks. I believe in God K. Of course, I do not recommend anyone to buy it. , it’s also good to watch a show at this time. ]

[The brokerage sector is going to hit the bottom line, it’s so stupid! ]

[This crash has seriously damaged the vitality of securities companies, and the wave of downgrades and layoffs is not far away. In addition, the bullish belief in the bull market has exploded, hetui~~]

…

Market sentiment plummeted to freezing point at the opening, and countless desperate investors vented their dissatisfaction in forums and communication groups.

However, at 9:33, the market index began to rebound upward.

Because the main rescue funds of Qunxing Capital are booming in the banking sector, and the petrochemical giants are also rising. Today, Fang Hong will be in charge of adding another small and medium-sized venture capital in the banking sector, and will not care about other places, including the brokerage sector, insurance sector, including the petrochemical giants and Ignore the Chinese prefixes such as CRRC.

On the one hand, 200 billion-level liquidity is injected into it every day. There is no problem for a day or two. Even Fang Hong can't bear to do this every day. He has prepared 2 trillion yuan of liquidity to manage for about 30 days. If this intensity is used, All the prepared ammunition was used up in ten days, and Star Capital couldn't bear it.

If there is no other way to get it, it would be much better to use the money to climb the technology tree and invest in cutting-edge technologies such as space exploration, quantum computers, and greenhouse superconductivity.

On the other hand, you are working hard to fight the short sellers in front, and your own people are making troubles to make operations more difficult, and some of your teammates are acting like gangsters in the back. Teammates need to work harder.

So today we only focus on the banking sector and small and medium-sized enterprises, and leave other areas to others, including Zhong Guoping, the financial coach. He can't take care of it even if he wants to, so he can only leave it to his teammates.

At this moment, Zhong Guoping's position was blocked by Qunxing, so the friendly forces had no choice but to attack.

Qunxing still continues to hold the bank sector, which is the most weighted position, today. In addition to the bloody battle between the short forces in the previous two days, the other places are ignored at the moment, and the friendly forces can't shame it and come to Qunxing, and they also know that they are being a bastard. , are all understanding people, and generally have some idea, knowing that the stars are sending out signals of dissatisfaction.

…

As time went by, about 20 minutes after the opening, the ChiNext Index fluctuated at -2% for 20 minutes and then experienced a unilateral rise for ten consecutive minutes. In the first 20 minutes, today's selling pressure had been absorbed. There has been no killing.

In about twenty minutes, the selling pressure was basically released, and the bulls began to enter an upward attack.

Around 9:54, an intraday news went viral.

Cailian News: [Relevant people familiar with the matter said that Qunxing Capital urgently contacted a number of public equity institutions before the market opened and requested to open the subscription channel for its closed small and medium-sized board-related index funds. Qunxing Capital will spend 70 billion to indirectly increase its holdings on a large scale. An insider from Qunxing Capital responded: The news is true. 】

Major market software also pushed this news from Cailianshe through small window prompts.

The desperate investors who were buried in small and medium-sized enterprises burst into tears when they saw the news.

All of a sudden, all the stocks of small and medium-sized startups that had not been suspended from trading stood up. The investors witnessed with their own eyes that all the small and medium-sized stocks that were stuck on the lower limit were pried open. The ChiNext Index also instantly stepped out of the volatile range and the platform quickly rose unilaterally.

...(End of chapter)