The Son of Finance of the Great Age

  Chapter 431 First Intimate Contact (Part 1)

  Although during this period of time, there have been professional accountants to verify the amount of funds in the Tianyu Fund account, and there is also a professional team stationed in the Tianyu Fund, which is responsible for monitoring the fund flow of the Tianyu Fund. But so far, Tianyu Fund still hasn't invested a penny in Hong Kong stocks, which makes Cen Yinquan and Ren Yigang very uneasy.

  Since there is no binding force on Zhong Shi and Tianyu Fund, the two naturally cannot force each other to buy, but because the other party volunteered, they can only take this opportunity to beat the drums and urge Zhong Shi to act quickly.

  Zhong Shi naturally had a clear understanding of their thoughts, and after a little thought, he pretended to be unbearable to be harassed, and agreed in front of the two of them "angryly".

  With Zhong Shi's personal promise, the two big brothers were completely relieved and concentrated on playing.

  …

When the market opened on Monday, all the employees of Tianyu Fund were present and lined up in front of their positions. All of them looked dignified, as if they were facing a big enemy, because they all knew that from the moment the opening bell rang, Tianyu The fund is about to fight the international speculators head-on!

The entire trading floor is divided into three areas, led by Zhong Shi, Ma Jiarui, and Ren Ruowei. Give Zhong Shi and the other three people a reference when the time is right.

   As an advocate, Andrew rushed to the TV station in Wutai Mountain, Tseung Kwan O early in the morning. There, he will comment on the current economic situation as a well-known stock critic, and support Zhong Shi's actions from another aspect.

  In this operation, Zhong Shi used the channels of fifteen brokerage firms in total, and the number of brokers directly served reached as many as thirty-five. The number of target Hong Kong stocks has reached 50, covering various fields such as real estate, public utilities, entertainment, and finance, and most of them are index constituent stocks. And the market value of this combination accounts for more than half of the market value of the entire Hang Seng market.

  Zhong Shi’s group is in charge of financial stocks including HSBC Holdings, while Ma Jiarui is in charge of buying stocks of major real estate companies, and Ren Ruowei is in charge of the rest, including public utilities and red chip stocks.

   "Dong dong dong", when the pre-set bell rang, everyone's nerves tensed immediately, and it was time for the call auction in the morning.

Call auction means that before the official opening of the market, investors can apply to the exchange to submit a buying and selling application at a psychological price. After the exchange collects all the quotations, it sorts out the trading price of the day through the principle of price priority and time priority. The price with the largest trading volume, this price is the opening price.

  The call auction lasts for 30 minutes. After the trading volume and opening price are determined, each stock in the market will enter the stage of random trading, that is, the free trading period.

   Call auction can show the trend of a certain stock in one day, or even the trend of the whole market to some extent. Under normal circumstances, if there are more selling orders than buying orders during the call auction stage, it means that the market is not good that day, and if there are more buying orders than selling orders, the market is likely to improve.

  Of course, these are for short-term investors. For long-term investors and large funds, the information revealed during the call auction stage may not be so accurate.

When the bell rang at 9:30, the originally silent trading room immediately erupted into a loud noise, and everyone's hands and feet began to get busy, typing on the keyboard to check the market, calling the broker to place an order, and reporting to the responsible person. When people report the market, all kinds of voices are mixed together, almost toppling the ceiling.

  In this situation, people's emotions are easily infected, and Zhongshi is no exception. He only felt his whole body trembling, the blood in his body suddenly boiled, his brain was in a state of dizziness due to extreme excitement, and the scenery in front of him became a little erratic.

"not good!"

   Zhong Shi said to himself, and without giving instructions to the traders, he hurried into the bathroom, picked up cold water and poured it on his head. It took two full minutes for him to wake up completely. When he returned to the trading floor, the whole person had returned to a sufficiently rational state.

   "HSBC Holdings, Bank of East Asia, and Hang Seng Bank, I want selling information on the stock prices of these banks!" Returning to the office area again, Zhong Shi shouted to the traders loudly, ignoring the water drops on his face.

   In the trading floor, it is impossible not to shout loudly, because the decibel sound here is too high, even if you are talking normally face to face, it is difficult to hear clearly.

"The current price of HSBC Holdings is between 175 and 180. There are many quotations, but just now, there was a 300-lot sell order quoted at 172. No, there is a new sell order quoted at 172,500 lots." A trader shouted loudly, "Boss, is there a buy order?"

   "Put 500 lots, 172, we will let it open at 172 today!" Zhong Shi waved his hand, signaling the trader to continue operating, "Where is Bank of East Asia? Where is Hang Seng Bank?"

   "The trading orders of the Bank of East Asia are concentrated around 7.70, and the volume is not very large. It is estimated to be around 800 lots, which is similar to yesterday's closing price."

   "Hang Seng Bank is around 37.5, and the number of buyers and sellers is not too many, only less than 500 lots, but it is already the highest price nearby. If there are no major problems, it should be opened at this price."

   Zhong Shi nodded without even giving instructions.

  In the market value list of index shares, HSBC Holdings is the one with the highest market value in the entire Hong Kong stock market, and its influence on the calculation of the entire index is about 15%. Another giant, Hong Kong Telecom, has an influence ratio of 5.02%, second only to HSBC Holdings.

  So, if you want to leverage the entire index, these two stocks are almost the top priority. In particular, the trend of HSBC Holdings is almost a harbinger of the trend of the entire market.

Thirty minutes passed quickly, and as expected, due to the largest number of transactions at 172, HSBC Holdings finally opened at 172, and the first transaction of Tianyu Fund was also completed, at 172 He bought 500 shares of HSBC Holdings at a price of 34.4 million Hong Kong dollars in total.

  Because there was no pending order in the follow-up buying order, shortly after the price of 172 was opened, the stock price of HSBC Holdings began to gradually fall under the selling of speculators, and soon fell below the position of 170.

On the other side, there were also a large number of selling orders on Hong Kong Telecom's disk, and as many as 15 selling orders were placed on more than 30 lots, which scared the buyers of Hong Kong Telecom back immediately. By the time those buy orders were filled or withdrawn, HKT's shares had fallen 3%.

   Except for the number of trading lots set during the call auction stage, Ma Jiarui and Ren Ruowei did not sell easily. After seeing the entire Hong Kong stock index rising again, they gathered together to discuss today's countermeasures.

"Last weekend, international speculators frantically attacked the Hong Kong dollar, and it is said that they sold 50 billion yuan. Although the Hong Kong government persuaded banks not to lend funds, and announced the balance of the banking system every day, it reassured the market. But just now, the lending rate has increased by three times. It seems that today may be a downward trend again." Ma Jiarui said worriedly.

As soon as he finished speaking, Ren Ruowei quickly continued: "The lending rate is one aspect, and the yen last week has fallen to 140. The yen is the strongest currency in our region. It is generally believed that the central government cannot withstand the pressure of foreign trade and may choose to depreciate in a certain market. Of course, this rumor has not been confirmed yet, but because the yen fell, speculators became more confident in shorting the Hong Kong dollar. "

   After the two finished speaking, they glanced at each other, and then said in unison: "I suggest that we should stay away from the front for the time being!"

"No!" Zhong Shi resolutely vetoed, "The amount of funds purchased today is 1 billion Hong Kong dollars, just to test the market's reaction, don't ask me why, you will understand after a while! But the timing of the launch needs to be unified For a moment, buy with all your strength half an hour before the market closes. At other times, I ask you to pay close attention to market movements and find out the strategies of speculators to suppress Hong Kong stocks, so that we can act against them.”

   Under the puzzled eyes of the two, Zhong Shi allocated the funds in detail, and then returned to the trading booth to continue to observe the situation on the market.

"It's 164!" In just a few minutes, the stock price of HSBC Holdings fell again. Although there were buying orders for small stocks, every time the stock price rose to around 170, there would be an outpouring of money. 300 lots of offers hung there, scaring off buyers. After several rounds, the buyer realized that the other party had strong financial strength, so he simply did not continue to attack, and began to trade frequently within the range of 160.

Zhong Shi squinted his eyes for a while, and suddenly realized that the current frequent transactions are just illusions, and it is completely testing each other between buyers and sellers, because once the stock price falls to around 160, an unknown amount of funds will also appear to sell the shares here. After the order, within half an hour of his observation, he roughly estimated that the buyer had already placed no less than 100 lots of selling orders. Although some were spit out at the position of 165, in general, the buying still took a lot of shares.

On the other hand, Hang Seng Bank, Bank of East Asia and other stocks, the transaction is quite dull. Basically, there are many orders at every price, but the number is very small, ranging from a few lots to dozens of lots. , basically do not see the emergence of main funds.

  In this way, until the auction time at noon, both buyers and sellers maintained a certain limit of restraint, which also made the performance of the market unsatisfactory, only a slight drop of 5 points, showing almost a straight K line.

   At noon, the three met again, exchanged opinions, and expressed puzzlement about the market. Logically speaking, due to the rise in interest rates, Hong Kong stocks have fallen in response to the usual practice, but so far, the expected situation has not occurred. If this is reasonable, I am afraid that the three of them will not agree.

  But what is the reason that prompted the speculators to make a move, and the three of them are not very clear. So, after they met, they decided to continue to observe.

  After the call auction session ended in the afternoon, there was a sudden violent fluctuation in the Hong Kong stock futures index, and a series of buying orders suddenly appeared on the long side of the futures index. After breaking through this threshold, the buying did not mean to stop at all, and continued to attack, and broke through 7060 points almost within a few minutes. signs.

As for Hong Kong stocks, due to the good news from the Hang Seng Index market, investors believed that the bulls were making efforts. This signal immediately ignited their enthusiasm for buying. Funds sprung up one after another like mushrooms after rain, and the trading volume instantly increased. Driven by this wave of buying, the Hang Seng Index also rose steadily, and together with the futures index, it quickly approached 7100 points.

Within half an hour, the increase of nearly 40 points did not cause a sensation in Tianyu Fund. In fact, although they could look up and see the numbers on the huge display screen, few people had the heart to see the change from red to green. The numbers are all bowing their heads and quietly observing the boards they are responsible for.

"No!" Zhong Shi took a look at the performance of several heavyweight stocks such as HSBC Holdings, Hong Kong Telecom, and Changhe Industrial. When he saw that the futures index buying at the 7090 position suddenly disappeared without a trace, he immediately realized the situation. It seemed to be inconsistent with the performance on the market, and then he shouted loudly, "Attention everyone, there may be a wave of falling prices soon, keep your attention, and listen to my instructions at any time!"

   PS: The current stock price information that can be found by financial software should have been diluted by splits, rights issues, etc., so it does not match the historically accurate figures. Except for HSBC Holdings, the others are real-time data, so please don't take it too seriously.

  (end of this chapter)