The Son of Finance of the Great Age

  Chapter 439 Each Demonstrates His Abilities (Part 2)

   On the 24th, the sky was dark and cloudy, and it seemed that a heavy rain might fall at any time. This day's early trading opened at 7443 points, which is also an approximate position for the correction after the recent crazy rise, because around 7400 points is considered to be the normal expected level of Hong Kong stock prices.

  Although the Hong Kong stock index has pulled back, the confidence of investors is obviously high on this day. After two weekends of rest, the market generally believes that the interest borne by speculators who speculate on the Hong Kong dollar has increased a lot, and so far, the Hong Kong dollar is still extremely strong, showing no sign of falling.

   More importantly, on the 22nd, the leader publicly interviewed Hong Kong business representatives. Many Hong Kong celebrities and rich people, including Li Jiacheng, participated in this meeting.

   During the talks, it was clearly stated: "Hong Kong entrepreneurs shoulder the historical responsibility for Hong Kong's prosperity. As long as the Hong Kong government makes a request, the Huaxia government will fully support Hong Kong unconditionally."

  This is not the first time that the Chinese government has expressed its position on the current Hong Kong economic situation, but it is the most resolute and powerful statement, and it is also the first time that the Chinese government has made remarks that may support Hong Kong. Therefore, when these words spread to Hong Kong, the market suddenly rejoiced. Investors generally believe that with the full support of the Chinese government, which has the largest foreign exchange reserves in the world, Hong Kong's stock and foreign exchange markets will surely overcome the current difficulties smoothly.

  Infected by this kind of optimism, although the Hang Seng Index opened lower, it was quickly wiped out by enthusiastic investors, and the index began to rise slowly but strongly.

   "Boss, is it necessary for us to make a move? It seems that the bears haven't made much of a move."

   Seeing that the trading volume is not very large, but it is obvious that the buyers are overwhelming the sellers, a trader hesitantly asked Zhong Shi.

  Hearing his question, other traders also turned their attention to Zhongshi. Obviously, they all knew that if they entered the market under such circumstances, the consequence would only be to make those small and medium-sized retail investors cheaper in vain.

   "Wait a minute!"

Zhong Shi made a gesture to signal them not to take any action, and then he carefully observed the market of HSBC Holdings in front of the screen. After watching for ten minutes, he let out a long breath and said thoughtfully : "It is indeed similar to what you have observed. I don't know why the short position still hasn't appeared. Most of the market is now scattered buy and sell orders. It is indeed not suitable for us to enter the market now, but you must not take it lightly, maybe at some point Short positions will strike suddenly, so everyone still has to monitor the market closely at all times."

  After hearing his words, although the traders didn't say anything, the expressions on their faces obviously relaxed a lot. For several days in a row, this kind of high-intensity buying work has caused them huge psychological pressure, and it is rare to have a chance to breathe, so when such an opportunity comes, they naturally cherish it very much.

   "How are you preparing for the futures index in September?"

   Taking advantage of his free time, Zhong Shi quietly walked to a corner of the trading hall, where there were three traders who had been silent all the time, at odds with the bustling atmosphere of the entire hall, as if isolated from other people. Not only that, but the computer screens on their desks were obviously different from those of other people, revealing weirdness everywhere.

   Naturally, this corner of the hall is where the stalactites hedge. But anyone who is engaged in the financial industry, everyone knows that one-way buying with huge funds is an extremely dangerous behavior, even a reborn person like Zhong Shi is no exception at this time. Although he used to use his own advantages to earn a lot of money, it is different from the past. This time it is a real confrontation with international speculators. The decisive role in this battle is completely The contest between the financial strength and psychological strategies of the two parties, historical factors have no reference value at all. Therefore, in the face of such a large-scale capital transaction, he must also be cautious. Because Zhong Shi is very aware that once the funds are exhausted and there is no good news, the entire Tianyu Fund may be lost at that time. Although this possibility is very small, on the one hand, it is bullish on the futures index in August, and on the other hand, it is supporting the market with one hand. No matter which aspect, Zhongshi must be prepared for hedging.

"Sold 4,781 lots and used 350 million yuan of funds. As of today, although the Hong Kong government's entry into the market has stimulated the stock market, the bearish expectations for the market outlook have not dissipated. The discount of the Hang Seng Index in August was posted to 50 points. It seems that There will definitely be follow-up actions by short sellers.”

  A sallow-faced and thin trader pointed to the numbers on the screen and said solemnly. He is a senior trader of Hang Seng Index futures, named Derek Chen. He was a former staff member of Tianyu Fund who focused on Hong Kong funds. He became famous in the battle against Hong Kong by international speculators in November and was recommended by Maxim to Zhongshi side.

"Boss, there are more problems!" Another trader named Luo Mingbao also said, "On the 18th, the Hang Seng Index rose by 5 points, and on the 19th, the Hang Seng Index rose by 48 points, all thanks to the good news. The discount of 137 points on the 21st was due to Russia’s bad news. But there is basically no big bad news or good news in the market today. If the central government’s support is counted as one, then the Hang Seng Index should be at a premium now, but the Hang Seng Index Futures The price is obviously going against the trend of the Hang Seng Index, there must be something weird in it.”

  The so-called premium and discount refers to the price of Hang Seng Index futures relative to the Hang Seng Index. Since the Hang Seng Index futures are derivatives of the Hang Seng Index, to a certain extent, its transaction figures are determined by referring to the real-time Hang Seng Index. But this does not mean that the numbers of Hang Seng Index futures and Hang Seng Index are exactly the same, because the price of Hang Seng Index futures will be higher or lower than the instant Hang Seng Index depending on the expectations of the market outlook.

  When the transaction price of the HSI futures is higher than the Hang Seng Index, this situation is usually called premium, while the transaction price of the HSI futures is lower than the Hang Seng Index, which is called a discount. Rise and discount represent two different expectations of the market, which can reflect the future trend of the market to some extent.

"It's not too much to post. It's only 50 points, which is tolerable." Zhong Shi stared at the board carefully for a while, and finally confirmed that there were no large-scale buy or sell orders, so he patted Luo Mingbao on the shoulder , comforted in a low voice.

  The three traders in charge of the stock index nodded subconsciously, and they also agreed with this statement.

"Boss, I still have a question. Why do we want to short the futures index in September?" After staring at the market for a long time, Derek Chen suddenly asked, "Since we are long the stock market in August, we will also be short in September." It should go all out and continue to raise the market. Although it is for hedging now, even if it is cash delivery, what can be harvested and the funds used are far from matching. Moreover, it is still unclear whether the speculators will It will be transferred to September, is it a bit too cautious for us to enter so hastily now?"

"You don't need to know now!" Zhong Shi smiled and shook his head, pretending to be mysterious and said, "You will naturally know when the time comes. But I want to ask you, if you can't defeat the Hong Kong government in August, what do you think the speculators will do? Can we defeat the Hong Kong government in September?"

"That's hard to say!" Luo Mingbao pondered for a moment, then frowned and said, "The longer the time drags on, the worse it will be for them. If it were me, I would definitely fight to the death at the end of August. Their goal is not to destroy the Hong Kong dollar, but to make as much profit as possible from the capital market. Now, since this trick has been seen through by the Hong Kong government, I believe they can only make a fortune."

   "Not bad..." Just when Zhong Shi was about to praise the other party, suddenly the whole floor was plunged into darkness, and all the computer screens flickered suddenly, and all of them fell into a dead state.

   This sudden change left everyone stunned. It took more than ten seconds before someone recovered from the surprise and shouted: "It should be a power outage! How could this happen?"

  Hearing this shout, everyone immediately became flustered, and then stood up one after another, using the faint light cast by the window to find the switch or something. As expected, the power was indeed cut off. Then someone picked up the phone and was about to dial the property, but was surprised to find that there was no sound from the microphone.

   "What's going on? Even the phone is silent!" In the darkness, someone shouted soon. The others also hurriedly picked up the phone at hand, and it was indeed the same as what he said.

  If the previous power outage might have been an accident, then the phone accident might have been premeditated. Such a thought suddenly popped up in Zhong Shi's mind, which made him startled uncontrollably.

"Everyone be quiet first, the building manager and the property management will fix it soon!" After thinking quickly for half a minute, Zhong Shi immediately stood up and waved his arms a few times in the direction where Ma Jiarui was before. Immediately there was a figure walking towards the door, "Also, if I guess correctly, the Hong Kong stock market may drop sharply within a few minutes, so when the power is restored, I ask you to do whatever you want." Buy it immediately and pull the Hang Seng Index up as soon as possible.”

   "No way, boss, how do you know that the Hong Kong stock market will plummet within a few minutes?" A trader immediately asked loudly.

  Because of the dim light, it was difficult to see clearly, so the traders were a lot more courageous than usual, so when Zhong Shi's words came out, some people immediately questioned them.

"Hehe, your question is very good!" Without waiting for others to agree, Zhong Shi immediately replied loudly, "If it is said that the power outage may be an accident, then the call is also interrupted, which is very suspicious. If If I'm not wrong, someone should be playing tricks!"

  “To be more specific, some people have already discovered our act of asking the Hong Kong government to rescue the market. They should be testing us now, and we will confirm it when we make a move.”

"what?"

"how can that be?"

  Zhong Shi’s words were like thunder, and everyone at the scene was shocked, and they couldn’t imagine that such a deep meaning could be hidden in a seemingly accidental power failure. Think about it too, they are just a group of analysts and traders who are immersed in news and data all day long, and how would they know that this time the battle has long since shifted from a purely financial battlefield to a broader battlefield.

"Boss, if we continue to buy, wouldn't we have fallen into their trap?" After the shock, someone finally came to his senses and shouted at Zhong Shi, "In this way, we will be completely exposed, and when the time comes, the so-called The rumors of the 'Hong Kong government' bailing out the market are exposed, and the entire Hong Kong stock market will face huge negatives again."

"Don't worry, they won't reveal this fact." At this time, Zhong Shi already had a general understanding of the other party's behavior in his heart, and also vaguely guessed the other party's possible follow-up actions. The unpredictable smile was tricked into making a secret.

  …

   Sure enough, as Zhong Shi expected, at the moment the power was cut off on the floor where Tianyu Fund was located, a huge amount of selling orders suddenly appeared in the market. Hundreds of lots of selling orders popping up on the constituent stocks immediately swallowed up scattered buying orders, causing the prices of these stocks to decline rapidly. Almost within half a minute, the originally good green market suddenly turned into a shocking red.

"What's going on?" In the investment hall of a brokerage in Causeway Bay, an investor who was staring at the market all the time suddenly shouted, pointing at the K-line chart that suddenly straightened, and shouted, "My God, what happened?" Will this happen?"

Hearing his shout, other people stopped placing orders one after another, and when they looked up, they were shocked to find that not only the stock that the person bought just now, but also the stock they themselves paid attention to There was a sudden drop in the market.

   "Look, the Hang Seng Index has also turned red!" Another stockholder who just noticed that the stock turned red pointed to the display board on the other side, and couldn't believe his eyes, "My God, is it the end of the world?"

The others looked in the direction of his fingers, and this look immediately made their already skeptical hearts drop to the bottom. They saw that the Hang Seng Index was falling at the speed of an avalanche. It was originally an index of 7720. In the blink of an eye, it becomes 7700, and in the blink of an eye again, it turns into 7691.

   "Is it a stock market crash?" An old investor with white beard and hair stood up tremblingly and asked in a trembling voice.

   No one knew the answer, so no one answered him.

   Sorry, I was busy at the hospital very late yesterday, so I didn't have time to surf the Internet. I hope everyone will forgive me. Thank you very much for your support all the time, the author will do his best to keep stable updates. Finally, I would like to thank the book friend, the declining boy, for voting for the monthly ticket!

  (end of this chapter)