My Fintech Empire

The people present did not know about the OTC game of the Qunxing Group. This matter was arranged by another group of people. The information was not shared with them. The only people who knew about it were the core members of the Qunxing Group, and the people present did not know about it.

Everyone could not figure it out for a while, so they did not think too much and strictly followed the instructions of the big boss.

The stabilization fund strongly protected the market. This was a must. The acting had to be done with all their strength.

The part wearing the vest of northbound funds, disguised as foreign capital to smash the market, let the opponents see that "their own people" were also exerting their strength, and learned that foreign capital was fleeing in large numbers and the short-selling volume had formed a joint force, which further strengthened their motivation to smash the market and no longer had any worries.

Today, Fang Hong's plan is to smash the New Certificate 50 Index into a big bald and barefoot Yinxian, so that the index will fall quickly, which can also bring another additional effect, and reduce the accidental injury to some retail investors.

That's right, this can actually help retail investors avoid accidental injuries, because the rapid decline was too fast, too fierce and too violent, retail investors were reluctant to sell their stocks, and even did not rule out the possibility of covering positions against the trend.

With the opening of the market at 9 o'clock, the New Securities 50 Index opened low and went down all the way, and walked out of the bald head Yin.

Although there was a rebound during the session, it failed to rebound above the opening price and was beaten down. The power of the shorts was obviously stronger than that of the longs. Foreign capital was a large net outflow, and it was heading for a net outflow of more than 100 billion throughout the day.

The billions of stockholders in the A-share market were all stunned, calling it a stock market crash. This market crash made everyone dumbfounded.

More than 2,100 stocks in the SGX market were in the red, and only dozens of stocks rose in the red market, and they also fluctuated violently. The number of stocks that fell to the limit exceeded more than 200. The SGX market now has a limit of 20 points.

Three super-large Yin lines in three days, and three huge downward gaps were made. Yesterday's bottom-fishing funds lost money.

All major communication groups and stock forums are full of wailing.

Some retail investors who can buy SGX stocks and open rights and hold stocks have unfortunately encountered three limit downs, which directly cut their stocks in half, because one limit down means a loss of 20 points, and three limit downs means a loss of 48.8 points, which is basically no different from being cut in half.

The stocks that were killed so hard are mainly small and medium-sized stocks.

Large stocks will not hit the limit down for three consecutive times. Super large stocks like Jiuzhou Blue Arrow and Yixing Video, which are worth trillions of yuan, will not plummet so much. The stabilization fund is also mainly protecting these large stocks. These are the core assets of the SGX market, and they cannot fall through the plummet.

But it is also relatively speaking. After three trading days of plummeting, these super large stocks have generally fallen by 25 percentage points, and some have been close to 30 percentage points.

As of the close, the SGX 50 Index fell 6.58% to 9631.52 points, with a total turnover of 1705.3 billion yuan, down about 200 billion yuan from yesterday.

The decline in volume obviously means no one dares to buy the bottom, and this unilateral sell-off is too scary.

After today's close, the SGX 50 Index fell from its historical high, with a cumulative decline of 20.12%, entering the so-called technical bear market again. The last time the market index fell by more than 20 percentage points was when the black swan hit the global market last year.

But the current market crash gives everyone the feeling that it is obviously more terrifying than last March.

After all, the plunge in March last year was still the institutional T+3 and retail individual T+1 trading mechanism, and the price limit was limited to 10 percentage points, while now the price limit is 20 percentage points.

If you hold a stock and it hits the limit down, it is equivalent to hitting the ceiling and floor before. Now hitting the ceiling and floor directly means a loss of more than 33 points.

…

In the past few days, all the stockholders of A-shares have lost a lot of money, and their stock accounts are all green.

Fang Hong’s Weibo has also been flooded by stockholders at this moment. The latest message directly calls for K to save quickly, and the new certificate 50 is in danger! !

However, at this critical moment, Fang Hong cannot speak publicly, and he will not come out to say a word. He can only silently pray that stockholders can hold on. The dawn of dawn will come after the holiday. If you hold on to this wave, you can have a feast, and the feast is the feast of the short-selling forces.

Inside and outside the market, everyone is crying and wailing.

A female stockholder posted on WeChat Moments that she had lost so much money in the past three days that she wanted to become a prostitute to make up for the losses, while a male stockholder said that she had lost so much money that she could not afford to spend at all, and even wanted to become a prostitute. The female stockholder also said that she could not afford to order a prostitute.

This atmosphere is ridiculous.

After the market closed today, everyone was even more panicked.

Because A-mei was frantically launching an offensive in the public opinion field, the rhythm was flying, and she began to exaggerate the big goose pill. Whether it was the internal network or the external network, A-mei Lika opened the propaganda machine at full speed to attack, and people who didn't know thought that the big goose pill was.

Fang Hong did not make a big counterattack in the public opinion field, but only made some symbolic reactions to create a false impression of being very passive and disadvantaged on the scene to confuse the opponent.

At this time, countless nephews and public intellectuals have jumped out to work.

However, in Fang Hong's view, it is not all bad. These things that jump out, one by one, will be marked.

This time, many of these things hidden in the dark jumped out for the first time, which shows that A-mei has really invested a lot in order to play this set of combined punches.

It's good. It's hard to find if it doesn't jump out and hides in the dark. Now it jumps out like a self-destructing truck. One by one, it will be marked. When it shows up, it will be killed in seconds.

As the opponent's propaganda machine continues to launch offensives, the market sentiment is pessimistic.

And the group of financial rentiers, who have already opened several rounds of champagne, saw that the counterparty's margin was paid on time in OTC transactions, and they were overjoyed. They decided to completely blow up the opponent's market after the holiday and reap it fiercely.

Even the current situation has greatly increased the confidence of the Amei Squawon Capital Group, thinking that this time it will finally win a big win.

The next day, Tuesday, April 27, opened in the morning, and the New Securities 50 Index opened at 9412.62 points, down -2.27%, and once again hit a large downward gap, further expanding the new low of the year.

At 9 o'clock, the SGX market opened, and the New Securities 50 Index had no follow-up, and it plunged all the way down.

Seeing the trend of the market index, the hundreds of millions of stockholders of the A-share market no longer dared to open their accounts.

Previously, it was believed that the 10,000-point mark had support, and many people tried to buy the bottom at this position, but they were buried. The next day, this integer mark was directly broken, and then it attracted a second batch of bottom-fishing players. The 10,000-point mark was broken, so there was a technical oversold rebound, right?

But I never expected to be suppressed again. When the Xinzheng 50 Index plummeted last trading day, another group of players came to buy the bottom, betting on good news after the market.

As a result, all the bad news after the market was bad. As soon as the market opened today, all the bottom-fishing players were buried, and a new low was set.

At this moment, Fang Hong was in a large trading room at the headquarters of the Qunxing Group. After a while, Tian Jiayi came to him and whispered: "For OTC transactions, the margin has been added in place."

After that, she left.

Fang Hong turned around and said to the trading team under his hand: "Execute according to the pre-market plan, those who are responsible for smashing the market will smash it hard, and those who are responsible for taking over will take it vigorously."

As a clear card, the stabilization fund must play a long role at this juncture.

The non-public funds turned into short-selling forces and smashed the market crazily, making the counterparties feel that the market was in panic and that funds from all walks of life were fleeing crazily, forming an irrational stampede, including funds disguised as "foreign capital from the north" were also smashing the market crazily, making the market data show that foreign capital was fleeing at all costs.

Fang Hong did this to cheer up the counterparties, making them excited and confident that this wave of steady wins, and the SGX market, which had been bullish for five years, was finally broken by them.

Many traders and traders present still did not understand the behavior of the big boss, but it did not prevent them from strictly implementing Fang Hong's decisions, and they also believed that there must be his reasons.

They did not think much about it. The gods above were doing the job, and they just had to do their duties honestly. The rest was to sit on the bench and watch this good show.

At about 10:12, major market software pushed messages:

[The decline of the New Securities 50 Index widened to -6.56%, losing the 9,000-point mark. 】

Seeing this trend, whether it is the overseas Shuaang Capital Group or the group of financial profiteers who are colluding with it, they are now ecstatic and reveling, popping champagne, especially in OTC transactions. The floating profits of major markets are off the charts, and the counterparties are losing money, and even have their positions blown up or are liquidated.

While Fang Hong asked the funds he was gambling with to continue to add margin, he also arranged for some markets to be liquidated or even liquidated, all of which were done to prevent the counterparties from noticing anything unusual.

With the market falling so much, if the bullish counterparties did not have any liquidations and were still adding margin, it would definitely arouse their vigilance.

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