God-level Trader of Rebirth

Chapter 387

It's this kind of thing again that if you want the cow to work hard, you have to borrow money from the cow to buy a plow.

Although everyone slandered, but this time it is rare for everyone to have the same goal, and that one thousand points may really be the bottom of history.

Now market sentiment is extremely sluggish, trading volume has shrunk sharply, and some stocks will rush to the daily limit if they buy a little.

CICC, as the boss of the securities firm, has always maintained the same position as the China Securities Regulatory Commission.

Chairman Li Jiange first expressed his intention to enter the market in the near future.

Lin Hai also followed closely, and immediately promised that 50 billion funds would be freed up in the near future to buy individual stocks in order to stabilize the market environment.

Although he was born and bred in Xiangjiang, after coming to the mainland in the past two years, he has learned a lot of sophistication, and naturally knows what kind of attitude the Securities Regulatory Commission and the upper class need.

The representatives of the securities institutions present did not dare to underestimate this rising star in China's financial industry.

After all, this industry is always linked to strength and money.

Although Lin Hai came from private equity with a low education background, he only graduated from Xiangjiang University, but according to industry rumors, when he was first in Xiangjiang, he was one of the top three players in the stock trading competition.

Afterwards, Infinity Private Equity, which he worked for, was even more well-capitalized.

Has operated hundreds of billions of funds.

Even if you look at the entire international financial industry, it has a considerable reputation, not inferior to Soros' Quantum Fund.

Even in terms of record, it is even better.

It is worth mentioning that during this period, although China's domestic securities industry developed rapidly, it was still very weak compared to Xiangjiang's mature financial system and capital.

So many people may not have an intuitive experience.

Take CITIC Securities as an example.

It ranks first among securities companies with a net capital of 40.89 billion yuan.

The net capital of the five leading securities companies including Haitong, Everbright, Huatai, Guotai Junan, and China Securities Investment is only more than 20 billion.

Great Wall Securities has the least net assets, only more than 5 million.

Not even qualified to attend this meeting.

Overall, the net capital scale of Huaxia Securities still needs to be improved.

It is precisely because of this that in this general environment, Lin Hai's attitude is particularly important, even surpassing CICC and other established brokerages in a certain sense.

After weighing the pros and cons, most securities companies asked for loans.

At the meeting, the man who communicated closely with Chen Jie was the chairman of Orient Securities——Wang Guobin.

He borrowed [-] million yuan and became the first securities firm to apply for a loan.

After the meeting was dissolved, representatives of almost all institutions declined the proposal of CICC Chairman Li Jiange to "get together", and then returned to the headquarters non-stop.

After all, the information revealed at today's meeting is too important.

They must seize the time and make a detailed market entry plan to deal with this large-scale "bottom-hunting" operation.

Chen Jie and Lin Hai didn't stay in Baijing for long, and took a flight back to South China City that afternoon.

This made Li Jiange regret for a while.

CICC's income is diversified and involves cross-border investment, so he really wants to exchange some ideas on foreign investment with Lin Hai.

But he also understands the importance of this node.

So there is no compulsion.

Just say that we will meet again in the future.

By the time the plane landed at Bao'an Airport, it was already past ten o'clock in the evening.

Chen Jie did not go back to his residence, but immediately went back to Infinity headquarters, found Chen Weidong, and briefly explained the content of today's meeting.

"Do you mean that the China Securities Regulatory Commission has called on you to collectively rescue the market?"

Chen Weidong was already getting ready to leave work, but after hearing what Chen Jie said, he sat back at his desk, opened the computer software, and looked at the K-line chart of the Shanghai Composite Index.

On the most recent trading day, the closing point was 1013.64.

A small doji.

"That's right, Lin Hai and I are ready to enter the market to buy the bottom. There are a lot of A-share stocks, which are indeed seriously undervalued." Chen Jie looked around in the office and said after turning around.

"I took a look, and the market is indeed at the bottom now, you and Lin Hai should try to mobilize as much funds as possible to enter the market."

"Don't worry about systemic risk, this position is unnecessary, just fill up the position"

He added another sentence.

Chen Weidong, as the top trader in the industry in his previous life, almost imprinted these historic big bottom trends in his mind.

There are two types of bottoms in the stock market.

The bottom of policy and technology.

But experienced stockholders know that whether it is the market index or the stock price of individual stocks, there should be a market investor, which is a conventional and tacit "integer bottom".

For example, an integer stock price of 5 or 10 yuan.

Often with some support.

The same goes for the broader market.

Around one thousand points, regardless of whether the exponent is a little more or a little less, it can basically be regarded as the position of an integer.

[-] was the year when China's stock market truly completed its bottoming.

After four years of long bear market, the mood of stockholders can be described as gloomy.

Chen Weidong took out a copy of the latest "Securities Times" from the bottom of a stack of documents on his desk.

"Great disorder in the valuation system."

"Whether to stop the decline to see the blue chips."

"Mourning in silence is greater than death in heart".

"Another week of losses in a row".

Several black and bold titles on the page spread a wave of despair through the paper.

The mentality of many people began to be greatly tested. Some people went bankrupt because of this, and some people chose to give up and no longer participate in the stock market.

However, there are also a small number of optimistic investors who firmly believe that the stock market will rebound sooner or later, so they choose not to abandon or give up.

Many people understand the truth that things must be reversed when they are extreme, but not everyone can make a correct judgment when they are most desperate.

Because everyone has different psychological tolerance.

Except for institutions.

They were originally market leaders.

According to Chen Weidong's memory, the historical bottom in [-] was indeed completed under the leadership of securities companies.

In addition, in the A-share market this year, although most sectors and individual stocks still fell, there were not a few stocks that bottomed out early and rose.

After listening to Chen Weidong's words, Chen Jie became more confident in the stock market.

The next day.

That is, June [-], [-].

The Shanghai Composite Index opened at 1010.38.

After the opening of the market, the market was affected by the panic, and the inertia continued to decline. In less than 10 minutes, it fell below the 1000-point mark.

But that's all.

After the index was broken down, although there was a small amount of panic selling in the market, it quickly stopped at 998 points and began to rise slowly.

When the broader market refreshed again, the Shanghai Composite Index had returned to a position above 1000 points.

Some sensitive stockholders instantly felt this very subtle and unusually weird atmosphere in the market.

(End of this chapter)