Great Power Technology.

Chapter 78 Hanging Blackstone Capital
On September 9, the Huaxia stock market officially opened.

As soon as the pre-market bidding started, within half a second, Huaxin Group's stock price was hit directly to the daily limit.

Subsequently, within 2 minutes, all stocks related to the chip industry rose by the limit.

Next, driven by the enthusiastic atmosphere, within 20 minutes of the opening, more than 500 related stocks had their daily limit, and within an hour of opening, nearly a thousand stocks had their daily limit, and the Shanghai Composite Index rose by 1%.

On the other side of the sea, it was already 9:[-] p.m., but the office of the Blackstone Fund was still brightly lit.

Waiting in front of many operating screens are not only traders from Blackstone, but also officials from IDFC, an official agency of the ugly country.

There is only one thing they have to do, and that is to buy back the stocks previously sold by securities lending as much as possible, and then repay them to the securities lending institutions.

Otherwise, according to the current situation, they have to bear a 10% loss every day they sell.

What's more serious is that when selling securities, they actually increased leverage in order to leverage the greatest strength.

In other words, for every 10% increase in the stock price, their actual loss will be magnified to 30%.

As long as it is less than 4 days, all their funds can be emptied.

With the current trend of China's stock market, this wave of daily limit tide, especially the daily limit wave of chip-related stocks, may even last for more than a month!

They will be beaten to the brim.

And the amount they invested in this financial battle was 300 billion.

$300 million.

The head of Blackstone Fund stood in the center of the crowd and said impassionedly:

"Now we implement a two-step strategy. The first step is to continue shorting in the stock index futures market, creating an illusion that the stock price will fluctuate and adjust, and guide the stock market downward! As long as there is any looseness, we will immediately redeem it with the idle funds on hand. Stocks, minimize losses as much as possible!"

"In the second step, we still have about 2 billion dollars in chips in the secondary market, which are scattered in different stocks. We must monitor the movement of each stock, spot a stock that is about to open, and sell it regardless of the cost. Open its daily limit!"

"As long as one daily limit is opened, all other stocks will fluctuate accordingly. We must take advantage of this opportunity and redeem as many stocks as possible."

"Remember, every operation you make is to save our entire company, and even our country!"

"If this opportunity is not seized, all the chips we invested in the early stage will be swallowed up, and the loss will be close to 200 billion knives!"

"If you don't do well, everyone will have a hard time this year!"

"Now, open your trading software, hold your mouse tightly, the future of the company is in your hands!"

Near the Shanghai Stock Exchange, CITIC Securities Business Hall.

In the VIP trading room that was almost never opened, today finally welcomed his long-awaited guest.

No one knew this guest, his face was completely unfamiliar, and his clothes were so simple that they were even a bit shabby, but everyone who saw him knew what kind of financial power he represented behind him.

This force has thwarted financial wars against China time and time again, and beat back and forth those financial giants that were once invincible across Asia.

And this time, he came again.

Three different physical keys were connected to the computer of the transaction center, and then a series of accounts were unfolded in front of the guests.

He didn't rush to trade, but patiently looked at the data grabbed from the market.

He doesn't look at K-lines, trading volume, or real-time ups and downs. He only pays attention to one indicator: among all chip-related stocks that have reached their daily limit, whether any of the orders has dropped to the dangerous line.

Whenever he finds that the cover price of a stock is too low, he will buy it without hesitation, and firmly seal the stock price on the limit board.

According to the information he got, his opponent may use up to 500 billion soft sister coins to smash the market, and cash them in a single stock, each of which may reach the billion level.

The smashing of the billion-level volume, especially for those small-cap stocks, is likely to directly open the daily limit.

He knew in his heart that opening the daily limit was a signal.

Especially in such a hot market, once such a signal appears, it is likely to shake all stocks.

He cannot allow this to happen.

Therefore, the contest between him and his opponent is actually boring.

Starting at 10 o'clock, he sensed his opponent's movements.

For several key chip-related stocks, the cover sheets began to change continuously.

Someone is placing a large number of sell orders, first to test, and then to deliberately guide emotions, trying to trick retail investors who have made profits in the early stage to follow suit.

And he has only one answer.

buy!
No matter how many sell orders the other party throws out, he will eat them without blinking!

This is a silent collision, and it is also the country's unique and consistent strategy to deal with financial shocks, that is, to use the huge reserve resources, to use strength to overcome ingenuity, and to use the huge amount of money, the epee without a front, to turn all the bells and whistles Strategies are all killed in the cradle.

The cover orders of several stocks jumped violently, from tens of thousands of hands at the beginning, to thousands of hands in a few seconds, and then back to tens of thousands of hands.

His expression was always calm.

Because he knows that this is a battle that must be won.

The key to victory is not how much money he manipulated, but the small factory in the mountains in the southwest.

He is just the last rope used to hang the opponent.

At 11:5.4 a.m. China time, the early trading closed, and the Shanghai Composite Index finally stayed at a [-]% increase.

The offices of the Blackstone Fund are filled with the dead air of decay.

During this entire morning, all their attempts ended in failure, and there were very few chips left with 60 billion dollars, and there was no strategy to save the Blackstone Fund, which was deeply involved, and IDFC, the big boss behind them.

This is a total rout.

"fxxk! fxxk! They are manipulating the stock market! Why do they do this! All our sales orders have been swallowed up! No private capital can do this!"

"This is blatant fraud! This is fraud!"

"I want to report them! Such a transaction is invalid! I want the exchange to cancel their transaction!"

The person in charge of the Blackstone Fund was on the verge of collapse. In fact, he didn't feel too much about the loss of tens of billions. Money was just a number to him, not to mention that it wasn't his own money.

However, he absolutely couldn't accept it. Every move he made was like being hit on a steel plate. Not only was it ineffective, but it even returned a crisp sound, just like mocking him!
Seeing his crazy expression, the person in charge of IDFC silently put away the folder.

"Let's go, we have completely failed this time, he has given up."

His secretary gave him a surprised look, then followed him and left the Blackstone Fund silently.

Three days later in the afternoon, the mysterious guest in the business hall of CITIC Securities left the VIP trading room. After he walked out the door, the door of the trading room was locked again. No one knows when the door will open next time, but most people Most people already know the result of opening the door this time.

The foreign capital represented by Blackstone Fund was defeated across the board, and none of the 300 billion knives invested in this battle was left, and [-]% was swallowed up in this unusual capital market.

The pack of wolves died in the hunting ground. They thought they were hunting a rabbit that was harmless to humans and animals, but they didn't expect that the rabbit had a gun.

The head of the Blackstone Fund was hospitalized due to a sudden heart attack on the second day after the market opened, and died of heart failure on the third day.

Of course, Blackstone Fund, a giant in the capital market, will not fall because of this loss, but everyone can see the heavy damage they have suffered.

Perhaps, for a long period of time in the future, this company will not dare to touch the business related to Huaxia anymore.

In the detention center, the trader who tried to manipulate the stock price and almost leaked the information to the Blackstone Fund, the man named Liu Xiao, had the latest newspaper spread out in front of him.

His expression was half a smile but not a smile, like sadness, but also like relief.

The front page headlines in the newspapers read:
"Overseas short-selling capital has failed, and technology is the foundation of financial security!"

(End of this chapter)