My Fintech Empire

That afternoon, we stayed in the villa quietly.

Tian Jiayi handed a piece of material to Fang Hong and said: "Chen Yu's internal meeting with a number of domestic and foreign manufacturers has ended. Here are the minutes of the meeting. It is said that the meeting was very exciting. Chen Yu was very angry at the meeting. The representatives of foreign companies lost their temper, and the meeting turned out to be very successful. A number of domestic company CEOs expressed their intention to fully transform and move closer to the MHAC ecosystem.”

Fang Hong took the meeting minutes and browsed through them. After a while, a smile appeared on his face. He stared at the materials and said with satisfaction: "This kid really has my temper. His control level is very good, and he has a good sense of proportion. He is a rare handsome man.”

Seeing that he boasted and affirmed Chen Yu, Tian Jiayi couldn't help but wonder: "Listening to what you said, do you intend to train him and send him to the board of directors of Stars in the future or even let him take over your class?"

After hearing this, Fang Hong was speechless for a while, rolled his eyes at her, shook his head and laughed: "You are the only one who dares to say such things in front of me without any worries and so openly."

The beautiful assistant who reacted couldn't help but hide her mouth and smile after thinking about it, and then said: "Oh, I almost forgot, you are younger than Chen Yu. The day you really need someone to take over your shift, it won't be his turn." Maybe he will retire before you do..."

Tian Jiayi came close to Fang Hong and said playfully: "I know my mistake, then you can punish me. Just punish me to help you clear and stock the warehouse!"

"Is this a punishment? It's clearly a reward. It's a very good idea." Fang Hong glanced at her, then looked away and said to himself: "Chen Yu is a scientific and technological talent, and his main focus is technological breakthroughs. That's the key point, mentioning him to the board of directors of Qunxing will only distract his energy. Besides, we have so many powerful generals that no one can use them."

At this moment, the beautiful assistant stopped paying attention to Fang Hong and forced him to clear the warehouse and restock it, which immediately made him feel "big-headed". Fang Hong had no choice but to clear the warehouse and restock it first.

After a long time, Fang Hong asked: "How are the adjustments to the wealth fund's second round of shareholding reduction announcement being arranged?"

Tian Jiayi in her arms heard his question and replied lazily with her eyes closed: "It has been arranged for a long time. According to your latest request, the second round of shareholding reduction announcement will be announced from May 2nd to Wednesday, May 10th. , it is expected to cash out around 800 billion.”

As soon as she finished speaking, Fang Hong suddenly turned over.

Tian Jiayi: "Are you coming again?"

Fang Hong: "Come or not?"

Tian Jiayi: "Come on."

Fang Hong: "Are you here?"

Tian Jiayi: "Here we come."

Fang Hong: "Come together."

…

Time has entered May. This May Day holiday has been taken away from the weekends and weekends. May 2nd is the working day. Xingyu Technology also announced the specific date of the summer new product launch conference on the first working day after the holiday. for Tuesday, May 16th.

This press conference has been preheated and built for some time, and it can be said that it is highly anticipated by all parties.

At the same time, the A-share market has further declined after the holiday, because the 15 trading days have passed since the wealth fund previously announced the reduction of its holdings, and it has begun to reduce its holdings in the secondary market as planned, and the market has begun to come under pressure.

The NSE 50 Index also experienced five consecutive negative declines, but the overall decline was smaller than the previous four consecutive negative declines, because the market had already expected it and everyone knew about it, and at this time, there was also Zhong Tai. Capital and other market-making institutions are supporting the market.

The declines of the NSE 50 Index in the five days were -0.36%, -0.57%, -0.40%, -1.04 and -0.86% respectively. Although the decline was not large, it still fell below the previous low and fell below 2200 again. At the pass, it dropped to 2188.45 points.

The next day, Tuesday, May 9, the NSE 50 Index stopped falling for five consecutive negative days and rebounded +0.77% that day to close at 2205.37 points, regaining the 2200-point mark again. There were also signs of stabilization on the market.

At the opening of trading on Wednesday, May 10, the NSE 50 index opened flat and fluctuated within a narrow range in early trading, and then slowly climbed higher. The signs of stabilization after the second bottom became more and more obvious. In the afternoon, Xingyu Technology made some changes, and funds were involved. The stock also drove the NSE 50 index to climb.

There are still five days left for Xingyu Technology’s summer press conference to begin. Short-term funds are beginning to lurk in. There will definitely be a sharp rise on the day of the press conference. At least one surge is indispensable, so there are funds to lurk in advance and take the lead. hand, ready to throw it away on the day of the launch.

Just when Xingyu Technology drove the NSE 50 Index to fluctuate upward, at around 14:36 ​​in late trading, the Wealth Fund issued the latest holding reduction announcement, targeting Xingyu Technology, Toutiao, New Micro Semiconductor, etc. The reduction of target holdings shall not exceed 2.2% of the total share capital, and the total scale of reduction is expected to be RMB 800 billion.

Investors from all walks of life were dumbfounded. A month ago, wealth funds announced that they would reduce their holdings by one trillion yuan. Earlier, some of them reduced their holdings by about 200 billion yuan, and now they have reduced their holdings by 800 billion yuan. The total amount is 2 trillion yuan. The first phase The scale of funds raised in the capital market is 2 trillion, which means that all the principal will be cashed out directly.

Is this the rhythm of clearing positions and reducing holdings?

As soon as this news came out, the three major trading markets of Big A were frightened again, and the three major indexes plunged in late trading.

The NSE 50 Index, which had already stopped falling and stabilized, plunged straight into the green. Xingyu Technology, which was "flipped" by the wealth fund's shareholding reduction announcement, also turned green and staged a waterfall, diving straight towards the lower limit.

After the close, the NSE 50 Index fell -1.71% to 2167.55 points. Not only did it fall below the 2200-point mark again, but it further fell to a recent low. Had it not been for the close, the decline would have been far more than that.

Xingyu Technology also plunged -8.71%, evaporating more than 500 billion in market value in one day.

Everyone was dumbfounded, what is the wealth fund doing? Is such a large reduction of holdings meant to clear positions and run away?

The rhythm is getting louder and louder at this time, and the panic in the market is also amplifying.

On the next day, Thursday, May 11, the SGX market opened. The SGX 50 Index jumped sharply downward at an opening price of 2130.03 points and opened -1.73%. Xingyu Technology and others appeared on the list of reduction announcements. The listed companies on the stock market also jumped sharply and opened lower.

After the market opened, it opened lower and moved lower. The NSE 50 Index's decline quickly expanded to 2 percentage points and continued to decline further. Xingyu Technology's decline quickly expanded to 5 percentage points, and its market value fell below 5 trillion. mark.

The entire market fled in panic, and some people who were waiting for Xingyu Technology to sell on the day of the press conference were also confused. They wanted to take advantage of the interest rate in the short term, but they did not expect to encounter such a big sudden bad news.

At this moment, Fang Hong was also staring at the market. Not long after, Tian Jiayi called him at the Stars headquarters: "The range of the NSE 50 Index from its historical high has fallen by more than 12 percentage points. It has already fallen. When it enters your expected decline range, should you let stabilization funds step in to support the market?”

Fang Hong, who was staring at the NSE 50 Index, shook his head and said: "Wait for now. I will send a message on Weibo later to check. If the market doesn't buy it, the stabilization fund will take action again and let them wait for my news at any time."

Tian Jiayi: "Okay, I'll notify the trader of the stabilization fund."

The 800 billion announced by the Wealth Fund yesterday to reduce its holdings will bring huge selling pressure to the market after 15 trading days. If stabilization funds directly take action at this time, there will be expectations of double selling pressure. If the stabilization fund is to take action again, it will cost about twice as much liquidity.

If you can stabilize the market with just one Weibo, that would be the most cost-effective and best thing.

…