My Fintech Empire

In the next week, the international short forces continued to counterattack in the offshore market, but they did not take advantage of it. They were often beaten back at the end of the day. The counterattack of the short sellers seemed very difficult, and the offshore exchange rate dropped. Suppressing the market by 10 basis points will cost far more than they expected.

International short sellers are not surprised that Qunxing Capital will take action. They have also calculated that Qunxing Capital may be able to evacuate huge amounts of funds to harden steel. The reason why international short sellers are not afraid is because they also know that there is a lot of money in the mainland of the East. There is a willingness to flee overseas, such as some insiders, and some people who know that the money they earn carries original sin and are afraid of settling accounts in the future are eager to make money.

International short sellers have calculated that these fleeing funds can generally be used to hedge against the funds of Qunxing Capital. Even if Qunxing can evacuate trillions of funds, it will not be able to drain the water in the pool. Once it successfully creates a panic wave, Qunxing Capital will lose all the funds. All the available funds are exhausted and cannot be used to withstand the situation.

It’s just that the international short sellers never thought that the powerful intervention capabilities of the Eastern powers would once again exceed their expectations and directly strangle the outflow of onshore RMB through multiple channels. Even some domestic investors who want to make money overseas would not dare to take advantage of this time. It had a great deterrent effect.

But the bears have obviously not given up. Although the situation is unfavorable now, they still rely on a major source of confidence, that is, the tidal circulation of the US dollar harvests the world. At worst, they will further promote the US dollar interest rate hike in the future, which has become a strong backing for the short army.

At the same time, the A-share market this week has also entered a volatile market. On Tuesday, it rose +3.22% and returned to the 3,000-point mark. Unfortunately, the good times did not last long. The 3,000-point mark only lasted for one day. On Wednesday, it fell -1.03% and fell below 3,000 points again. , fell sharply -3.23% on Thursday, and lost the 2900-point mark, but on Friday it +1.25% again and barely regained the 2900-point mark.

Generally speaking, the volatile market of A-shares this week is a sign of stabilization, at least the decline has slowed down, but Friday's rebound has little capacity.

In the new week, on Monday, January 25, the Shanghai Stock Index rebounded immeasurably by +0.75%, closing at the 2938.51 level. The total trading volume of the three major trading markets was only 518.3 billion, and the trading volume of the Shanghai Stock Index shrank particularly significantly.

…

The next morning.

Tian Jiayi was leaving for the company in about ten minutes. She looked at Fang Hong: "Have you read the news? Late last night, a senior official from North America in the Western Hemisphere publicly accused Qunxing Capital of manipulating the foreign exchange market through the media, and threatened to Propose to its Congress the resumption of sanctions against Stellar Capital.”

At this moment, Fang Hong was staring at the tablet in his hand. He was reading this news, which had become blockbuster news in the country.

Fang Hong didn't even raise his head, and said calmly: "If the sanctions were effective, why would we wait until now? It's not like we have never been sanctioned before. Even if we ignore him, we will lose. Just ignore it."

Tian Jiayi thoughtfully said: "We still can't take it lightly. If we really have to restart sanctions, it will be quite troublesome for the stars."

Hearing this, Fang Hong smiled calmly and said: "Don't worry, we also have a big move."

Tian Jiayi didn't say much when he saw that he was confident of winning. After chatting for a while, he went to the company.

I won’t say whether Fang Hong’s ultimate move is powerful or not, but it is definitely explosive. The dirty things done by the upper-class elites abroad, and Aibo tearing apart this old bustard’s Loli Island, the explosive inside Scandalous material, Chen Yu accidentally obtained this super powerful material when he hacked their network.

Because it was so explosive, Chen Yu couldn't calm down for three days. It really opened his eyes. He also knew how powerful this black material was, so he just reported it to Fang Hong alone and secretly. Currently, only Fang Hong was involved with this matter. Chen Yu and the two knew it.

Fang Hong was actually not surprised at all. As a time-travelling reborn person, this black material had been exposed long ago in his previous life. However, he was more surprised that Chen Yu had accidentally obtained this shocking information.

There is no doubt that this is a good trump card and can become a super heavyweight chip in future games.

…

At this moment, the outside world is in an uproar because dignitaries in North America have accused Qunxing Capital of manipulating the foreign exchange market. The purpose is also to further label the eastern country as a currency manipulator.

The opponent’s move cannot be said to be due to lack of skills. In fact, it does not want to admit defeat, but also does not want to use more chips to offset the current disadvantage in the RMB offshore exchange rate market. For example, it announced another US dollar interest rate hike, which was just in December last year. The first round of interest rate hikes was announced, and it has only been about a month since another interest rate hike was announced. This big move cannot be used frequently.

That’s why they accused Qunxing Capital of manipulating the foreign exchange market, and then wanted to extend the game from the financial level to the international political level.

Affected by this news, the A-share market opened today, and the NSE 50 Index, which opened early, jumped sharply and opened lower. The funds in it were all fleeing at this time, because the constituent stocks in the NSE 50 Index were all with With a symbol like "Stars", if Stars Capital is subject to financial sanctions by America, investors are worried that these companies may not be spared.

The NSE 50 index plunged sharply, and the pessimistic mood was also transmitted to the main boards of the two cities.

Half an hour later, the Shanghai and Shenzhen stock markets also opened lower and opened lower. The Shanghai Index quickly fell below the 2900 point mark. Only the military industry sector moved during the session. However, other sectors were not willing to follow up. The two markets fell again before noon; At the opening, the two cities fluctuated at low levels, with the Shanghai Composite Index testing 2,850 points several times.

At around 13:45 in the afternoon, the Shanghai Stock Exchange Index expanded its decline and effectively broke through 2,850 points, setting a new low in 13 months, and broke through the 2,800 point mark in one fell swoop. It fell to an intraday low of 2,743.84 points, a plunge of more than 6 percentage points, while the GEM Index plummeted by nearly 8%.

A-shares reappeared with thousands of shares falling to the limit, and the three major trading markets were filled with victims.

But the one that suffered the most severe decline today was the NSE 50 Index, because the group of galaxy concept stocks almost collectively fell to the limit, which also pushed the NSE 50 Index to almost the limit.

But at the same time, gold has become a hot commodity in the market. The international gold price has further hit a new high since the beginning of the new year. Similarly, domestic gold T+D has also hit a new high this year.

At a time when the current internal and external environment is full of uncertainty and pessimism, gold has become a safe-haven asset sought after by people.

…

By the close, all three major stock indexes had fallen sharply. The Shanghai Stock Exchange Index plummeted -6.42%, closing at 2749.78 points, with a turnover of 212.6 billion; the Shenzhen Component Index plummeted -6.96%, closing at 9483.55 points, with a turnover of 310.5 billion; the New Securities 50 Index plummeted -9.88%, closing at 798.78 points, with a turnover of 49.6 billion. The total trading volume of the three major markets was 572.7 billion.

On the market, the industry sectors suffered a comprehensive decline. The concept sectors such as gene sequencing, network security, and industry 4.0 fell by more than 9 percentage points. Individual stocks once again fell by the limit of 1,000 shares. Only less than 60 stocks in the three major trading markets were in the red. 10 stocks hit daily limit.

There are just a few reasons for today’s market crash:

From the perspective of technical graphics, it has not left the downward channel, and the market is still a game of existing funds, and volume and energy cannot effectively achieve breakthroughs; from the perspective of the external environment, the RMB has recently experienced sharp and violent fluctuations, and H shares and foreign exchange markets have suffered from huge amounts of continuous short selling by international capital. ; In addition, oil prices, which had rebounded shortly after, plummeted again, killing the recent rebound in the European and American markets. Last night, the three major North American stock indexes fell again.

Investors never imagined that the beginning of 2016 would be such a hell. The first month of the new year has not yet ended. The decline of the market index has accumulated by more than 22 percentage points. The NSE 50 Index has fallen from a record high of 1051.58 points. The cumulative decline exceeded 24 percentage points, and all three major stock indexes have entered a technical bear market during the year.

This is a proper disaster-level market version 3.0 after last year's disaster-level market crashed by more than 20 percentage points.

The explosion of this big negative line today directly destroyed the confidence of investors.

Even investors who were extremely optimistic about the NSE 50 Index and those who bought the NSE 50 ETF are now beginning to feel shaken.

…