My Fintech Empire

Chapter 1534 [Stars earn 2.2 trillion US dollars]

In the global market crash, the Asia-Pacific market is relatively resistant to the decline, especially the A-share Xinzheng 50 Index, which has not seen an after-hours decline of more than 600 points so far.

The next day, Tuesday, March 17.

The A-share market opened, and the Xinzheng 50 Index opened slightly higher in the morning. It opened higher and moved higher in the first minute after the opening, but it only lasted for one minute before diving again.

At around 10 o'clock, the Xinzheng 50 Index fell sharply to -4.70%, breaking through the 5700 and 5600 points mark during the session, and fell to 5522.58 points at the lowest point, and the 5500 point mark was also in danger and almost lost.

The market has shown irrational panic selling, and pessimistic expectations are flooding the entire market.

The SGX 50 Index has fallen unilaterally from its historical high of 6794.27 points. It has only been 8 trading days since today, and the cumulative decline has reached -18.71%. Such a deep adjustment is rare in the more than 4 years since the opening of the SGX.

But relatively speaking, the trend of the SGX 50 Index is very resistant to declines in the global market. The Dow Jones Index has fallen from its historical high and has already recorded a cumulative decline of more than -31%, and has long entered the so-called technical bear market stage.

The SGX 50 Index has not fallen by more than -20% so far, which is already a performance that exceeds expectations.

As the black swan swept the world and the market experienced a series of sharp declines, investors' expectations for the A-share market have also changed and become more and more pessimistic.

The first is the change in the view of the listed subsidiaries of Qunxing Group spending huge sums of money to repurchase stocks. From the initial positive to the current negative, investors believe that these companies should prepare sufficient cash flow support to cope with the difficult environment in the future, rather than using it to repurchase stocks.

After yesterday's close, according to the published repurchase data, the listed subsidiaries of Qunxing Group repurchased a total of more than 220 billion yuan in yesterday's trading. The cumulative scale of repurchase funds during this period has reached trillions of yuan. Such repurchase strength is amazing.

But from the current market feedback results, the more repurchases, the worse it is.

In fact, it is just looking for a reason to sell off. Even if Qunxing Group does not repurchase, it will still sell off. The reason at that time is that the valuation bubble of these companies is too large, and the bubble must be punctured and the mean must return.

However, after 10 o'clock, the New Certificate 50 Index ushered in a strong rebound. The time-sharing line showed a deep V trend. At around 13:00 in the afternoon, it turned red and rose, which surprised many people.

The listed subsidiaries of Qunxing Group have not stopped repurchases, and are still buying in an orderly manner according to the plan. The repurchase plan will not change due to external interference. If it were not for the repurchase funds and the trillion-yuan stabilization fund, there would not be such a strong deep V trend, and the 5,500-point mark might also be lost.

The New Securities 50 Index just turned red in the afternoon, and then fell back to green again, but finally barely held 5,700 points.

As of the close, the New Securities 50 Index closed down -1.53% at 5,706.42 points, and the total turnover of the SGX market was 1,158.3 billion.

At night, when the magnesium stock market opened, the three major stock indexes of Beijing Magnesium once again rebounded sharply by more than 5 points, which was also expected, because during the day when the A-share market was still trading during the day, the three major valuation futures of Beijing Magnesium had already rebounded.

Because the magnesium Fed continued to use big moves, announcing that it would conduct additional overnight repurchase operations, up to US$500 billion, and then announced that it would provide US$1 trillion every day through overnight repurchase operations this week.

After that, the Fed launched a series of big moves, restoring the Commercial Paper Funding Facility (CPFF) and the Dealer Credit Facility (PDCF). This is equivalent to bypassing commercial banks and directly providing liquidity to real enterprises and non-bank financial institutions.

…

Tian Jiayi is now reporting to Fang Honghui. She looked at the material report in her hand and said: "According to Wind data statistics, the global major index has fallen by more than -20% from its highest point this year, entering a technical bear market, but the A-share market is an exception."

The New Securities 50 Index hit a record low today, setting a record for the largest cumulative decline of -18.71% this year, but after closing, it narrowed to -16%, and has not yet reached -20% to enter the so-called technical bear market stage.

As for the Shanghai Composite Index next door, the decline this year was only -8.87% at today's closing. After all, it was already below 3,000 points and had long been in a state of rot.

After a while, Tian Jiayi continued: "In general, the global stock market value has evaporated by 140 trillion yuan since February 12 this year, which is about 20 trillion US dollars."

The word "terrible" is not enough to describe this number. In an imprecise comparison, it is equivalent to the Eastern giant working for nothing last year. The GDP of the Eastern Giant in 2019 was about 135 trillion yuan, and the evaporated market value is several trillion more than the GDP of the Eastern Giant.

Fang Hongyan said concisely: "What is the current result of our group of stars?"

Hearing this, Tian Jiayi immediately replied: "According to preliminary statistics, the comprehensive profit of my group of stars has reached 2.2 trillion US dollars this time."

Hearing this number, Fang Hong nodded with satisfaction: "The global stock market evaporated 20 trillion, accounting for more than one-tenth of the proportion, which is still very good. This opportunity that cannot be missed was not wasted."

This time, the super black swan swept the world, countless investors lost money, and some made a lot of money. Who made money?

There is no doubt that Qunxing is one of the winners.

But Qunxing is not actually the biggest winner of this black swan. In the process of this super black swan event, the biggest winner is actually the Squid Group, which made a bloody harvest.

However, their harvest now seems to be a bloody profit, but in fact it is destroying its own foundation.

And Qunxing followed the harvest this time. Anyway, it destroyed the opponent's foundation, and it could also collect 2.2 trillion US dollars, which is an astronomical figure of more than 15 trillion yuan. Why not do it? .

Moreover, this is not the final result, because when the market has not reached the bottom, A-Mei has only had three circuit breakers this month. If nothing unexpected happens, the fourth circuit breaker will be staged tomorrow, March 18, and it will continue to fall after the circuit breaker.

In other words, the money that Qunxing Group can earn in this super black swan event is far more than the current 2.2 trillion US dollars.

Fang Hong smiled and said with satisfaction: "According to the established plan, in the following period, we will strive to push the total profit scale to the 3 trillion US dollar mark. Such opportunities are rare."

Qunxing has not had a high growth rate of more than 30% for many years because its size is too large.

In the absence of the first and second industrial revolutions, according to normal development, Qunxing's future growth will continue to slow down, and then get closer and closer to the national GDP growth level. After all, the current Qunxing Group, even as an independent economy, can have space to be in the top ten.

If a super black swan event like the current one occurs, causing extreme and violent fluctuations in the global market, it can also enter high growth in the short term.

The last time I encountered a similar opportunity was in 2013, which shows that such opportunities are hard to come by.

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