The Road to Rebirth Finance

Chapter 318 Stock market crash, crash

"That's a good idea, but where are we going to play in the hot weather?" Zhang Yiru thought about it, and as for asking for leave, there is no problem at all.

Facing a trip, which woman can refuse? Originally, Zhang Yiru had already planned where to go for her honeymoon, but Gu Junhao was busy with work, so it was difficult to mention it.

"It's okay. It's not too hot in June. We can go to the north."

"How about going abroad? Is it enough for us to visit several countries in one month?" Zhang Yiru said with some excitement.

Gu Junhao was a little hesitant. It is really good to be able to go abroad for a month, but after thinking about it, he said: "Next time, this time is a bit inappropriate."

In the coming stock market crash, I ran abroad as soon as the warehouse was cleared. This may cause bad associations among the leeks. You can cut the leeks no matter how you want. That is your skill, but you can’t get involved in this.

Traveling is naturally not so fast. There are naturally many things to prepare before this, and the company's affairs also need to be arranged. Fortunately, the company's business is still relatively single at present, and Gu Junhao does not need much energy to maintain normal operation.

On Monday, June 6th, the third day after the A-shares entered the 15 point, the first trading day, the Shanghai and Shenzhen stock markets both opened high and opened low, fluctuated throughout the day, and finally fell sharply.

两市成交近2万亿的情况下，沪指最终大跌2%失守5100点位，而创业板指数则大跌5.22%再次失守3700点位。

Throughout the day, except for a few sectors such as iron and steel, which continued to rise, the rest ended in sharp declines. More than 100 individual stocks in the two cities fell by their limit, among which small and medium-sized entrepreneurial stocks fell the most.

Dongfang Fortune, Tong Huashun, Yin Zhijie, etc. all reported their lower limit. The Dragon and Tiger list of Dongfang Fortune after the market showed that institutions and hot money fled one after another.

Since July 2014, after a seven-year slump adjustment, the valuation of A shares entered the historical bottom area and began to rebound.

After an initial moderate rebound, driven by leveraged funds on and off the market, A-shares have embarked on a crazy leveraged bull market since this year.

Within two years, the Shanghai Composite Index rose from the lowest point of 1849 points to the current 5178 points.

The Growth Enterprise Market Index even rose from the lowest point of 585 points to 4000 points, which is even worse than the madness of the Shanghai Composite Index.

Accompanied by the crazy rise of the index and individual stocks, the increase in trading volume is the leverage of the large volume on and off the market.

In today's A-share market, it is not surprising that the leverage ratio is four to five times.

Some off-market illegal fund allocation is even more crazy, completely disregarding risks, even retail investors with only tens of thousands or even 2 or [-] yuan in principal can participate in fund allocation.

There are not a few times the allocation amount of ten times or even more than ten times.

With a high leverage ratio, A-shares are like a powder keg, which may explode at any time. Deleveraging is imperative.

And after today's sharp drop closed, the market even rumored that the China Securities Regulatory Commission asked major brokerage firms to clean up off-market funds.

There are even rumors that the regulatory authorities have sent people to the brokerage office and ordered that the off-market funds must be cut off within the same day, and if they don't, they won't leave.

All of a sudden, the already plummeting market was jittery, and the funds in the market were like a frightened bird.

Obviously, today's sharp drop was triggered by the early leak of this news.

As the two leading companies in Internet finance, Dongfang Fortune and Tonghuashun can be said to be the heavyweights in this round of deleveraging. In my impression, Tonghuashun has also been investigated by the regulatory authorities for this.

Because of capital allocation and alleged violations of the Securities and Futures Law, Tong Huashun was even given a reminder of the risk of suspending listing, which triggered continuous lower limit.

Affected by this news, the three major indexes of the Shanghai and Shenzhen stock markets fell sharply again on Tuesday. The Shanghai Composite Index fell 3.47%.

In two trading days, the Shanghai Composite Index fell by nearly 280 points, and the ChiNext Index was also not much better. After yesterday's sharp drop, it fell another 2.85% today.

Zhongguo CRRC recorded another limit-down today, and the stock price gradually fell along the daily line and the 21.85-day line. It has reached the price of 45 yuan, which is [-]% lower than the high point.

However, for now, although CRRC has continued to maintain a sharp drop, its popularity has not diminished in April and May.

On the premise of not being aware of the stock market crash, retail investors will still buy bottoms or cover their positions without hesitation because of their trust in state-owned enterprises.

Even with such a sharp drop, CRRC is currently one of the hottest stocks in the market.

In its stock trading comment area, there is a new comment every three seconds during peak hours, without a break throughout the night.

After the stock price fell by [-]%, countless stockholders wanted to buy the bottom, not to mention that it is now close to a half-cut state, and everyone is looking forward to a rebound after buying the bottom.

As for the stock market crash, as far as it is concerned, the management may not be aware of it, let alone retail investors who are not well-informed.

Before his rebirth, Gu Junhao knew that there were still people holding CRRC, and the first place to buy it was in 2015.

It has been seven or eight years since I bought it.

On Wednesday, the Shanghai and Shenzhen stock markets rebounded at the 20-day line on the daily line after two consecutive days of sharp falls. The Shanghai stock index rose by 1.65%, and the ChiNext index rose by 4.2%.

The three major indexes rebounded on the 20th line. The sharp drop in the previous two days was immediately interpreted by the market as a normal adjustment. Many brick-and-mortar experts shouted that this is a wave-like gold pit and called on retail investors to enter the market as soon as possible.

The media and experts have called for the recent squat to be a necessary preparation for a short-term breakthrough of 5500 points, and the bullish trend is still maintained.

During this period of time, the most famous one on social media is a certain Xiao, whose crazy singing has often attracted the abuse of countless stockholders.

However, this is not the case, how to fall or how to fall.

The market, which is still under deleveraging, ushered in a sharp drop again this Thursday, with the Shanghai Composite Index plummeting again by 3.67%, and the ChiNext Index plummeting 6.33%.

The three major indexes all reversed all yesterday's gains with a big negative line. For investors, it was another black Thursday.

On Friday, June 6, the last trading day of the week, things got even uglier.

The three major indexes that fell sharply yesterday gapped down sharply again today, and the Prev index gapped down by more than 95 points at the opening.

This is no longer a normal adjustment. A downward gap after a continuous high drop is like a guillotine. Naturally, the trend is not much better. In his previous life, Gu Junhao also directly liquidated all stocks on this day.

Gu Junhao's style has always been to jump down from a high position and leave directly. Even if he makes a mistake, he must first ensure his absolute safety.

Throughout the day, the Shanghai stock index fell 6.42%, close to the 5% drop on May 28, but the index is not as good as before.

After a week of 13.32% decline, the Shanghai Composite Index has fallen from above 5100 points to below 4500 points, closing at 4478.36 points.

The GEM index fell 14.99% in a week, and the index closed at 3314.98 points.

Since tomorrow is the Dragon Boat Festival, after a three-day holiday, next week will open on June 6.

After the end of today's transaction, the media and investors all called this year's Dragon Boat Festival "Dragon Boat Festival".

"In 278 B.C., XX used quadruple leverage to buy the stocks of Chu State. After experiencing a three-day drop within four trading days, he was very desperate and threw himself into the river; in order to alert future generations, people used green Red pork is wrapped in zong leaves, and then tied tightly with a rope, which expresses the meaning of yin enveloping yang and being locked up."

After today's trading, jokes have appeared one after another, and jokes about stocks emerge in endlessly.

It is still addicted to ridicule, which also shows that most retail investors are still unaware of the coming risks.

If you are really afraid of the situation, you are not in the mood to make up all kinds of jokes.

This week's list of private equity funds can be described as horrible. More than 95% of the major funds, including public equity funds, have plummeted, while Junshi No. [-]'s fund net value remains unchanged.

All the traders are on holiday. Today's net worth is announced by Li Xinyu. Anyway, there is no change, just refresh it. The next few times will also be announced by him.

At this time, both peers and retail investors are very envious of the performance of Junshi No. [-], and they perfectly avoided the sharp drop.

"I'm envious, Brother T has perfectly escaped the big drop this week, and I don't know when he will come back to buy the bottom."

"Buying the bottom? Why are you buying the bottom? All the traders are on vacation."

"Not only that, it is said that Brother T himself has not shown up at the company for a week, saying that he is on his honeymoon, and he probably won't come back to buy the bottom in a short time."

"Is what you said above true? After falling so much in a week, Brother T didn't plan to buy the bottom, and even went on a honeymoon? Where did you get the news?"

"It shouldn't be fake. I'm a native of Beicang, and I have relatives who work at Junshi Capital. From what he said, the company is quite busy at the moment. Everyone goes to work, plays games and fishes. Brother T hasn't come for a week."

"Ask your relatives, is there any shortage of people in Junshi Capital? Sweeping the floor is also OK, I really love work!"

"Me too. I don't mean anything else. I just want to feel the working atmosphere of private equity institutions."

"Honeymoon is okay, don't say it, I almost forget that brother T just got married, and he's only 24 years old!"
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When the market was plummeting, Gu Junhao and Zhang Yiru had already embarked on a journey to visit the great rivers and mountains of the motherland; however, Gu Junhao would still take a little time every day to pay attention to the stock market and the news inside and outside the market.

After returning to the hotel at night, I would also check my emails and simply deal with company affairs, but I didn't ignore them completely.

After the Dragon Boat Festival holiday, the A-share market opened again on Tuesday, June 6. Two days after the holiday, the stock index rebounded slightly on the 23-day line, and this rebound lasted for two days.

After two days of rebound, the talk of the golden pit naturally came back to the table.

And on Thursday, June 6, when the Shanghai stock index rebounded to the position of the 25-day line on the daily line, it faced pressure again at 4700 points. The index fell again that day by 3.46%, re-testing the lifeline of the 60-day line.

On June 6, it was another Friday, and there was another two-way downward gap, which was very similar to last week.

The Shanghai and Shenzhen stock markets experienced heavy setbacks again today, with the Shanghai Composite Index plummeting 7.4%, the Shenzhen Component Index plummeting 8.24%, and the ChiNext Index plummeting 8.91%.

More than 2000 stocks in the two cities fell by the limit, and there were more than 8 public funds that showed a drop of more than 300% after the market. Today, as long as investors who participated in the transaction can be said to be spared.

Since June 6th, a round of continuous slump caused by leverage has forced the central bank to urgently announce interest rate cuts and RRR cuts on the evening of the 15th, and the God of Wealth even proposed a way to plan for pensions to enter the market.

The China Securities Regulatory Commission has also urgently revised the liquidation line. Under this round of slump, not only ordinary shareholders have lost countless positions, but even the major shareholders and even controlling shareholders of many listed companies are close to liquidation or have already liquidated their positions.

Recently, as long as it is a stock market, the most frequently mentioned words must be liquidation.

What's more interesting is that when the evening news station interpreted the central bank's policy, there was even a subtitle below it: "Once you escape from the fire, don't return to the fire."

This news screenshot was once widely circulated on the Internet and was regarded as an exhortation to shareholders.

　The second is more dedicated, please ask for a monthly ticket by the way^_^
　　
　
(End of this chapter)