The Son of Finance of the Great Age

  Chapter 973 Early bailout (6)

   "Now we're doing a good job, it looks like we don't need to raise funds for the second phase!"

  After the historic entry on July 6, the rescue funds then tested the selling pressure on the limit-down board of individual stocks through a pulse-like food-eating method, which partially drove the popularity to open the limit-down board, thus pulling up the sentiment of the entire market.

   At the same time, the news that as much as 120 billion funds entered ETF funds was also widely circulated, which ignited the sentiment of the market. Stimulated by the continuous favorable conditions, both institutions and retail investors have begun to be optimistic about the stock market again, because the rescue funds provide liquidity on the one hand, and release the risks of the financing market on the other.

  The so-called ETF fund is a general term for trading open-end index funds. It can be purchased or redeemed like a fund, and can be freely traded in the secondary market. Such funds are usually index funds, which represent ownership of a basket of stocks. Investors buy and sell an ETF, which is equivalent to buying and selling the index it tracks, and can obtain basically the same income as the index.

  120 billion funds entering ETF funds is equivalent to entering the secondary market and entering these stocks. Although the amount allocated to each stock is not large, it is a clear signal that the government has really taken action.

Although many companies choose to suspend trading at this time to avoid the decline, and at the same time, the short sellers are not to be outdone and want to compete with the rescue funds, but Gao Dongfang and others did not choose to face them head-on, but chose to pass the main Keeping the heavyweight shares, and at the same time gathering the power of the market bit by bit to open the limit, so that although the index fell sharply at the opening, the index still rose throughout the day again and again.

More important news followed. On July 9, the major media officially released news that the Deputy Minister of Public Security in charge of economic crimes led a team to the supervision department to investigate clues of malicious short-selling of stocks and stock indexes. With the bears officially entering the sights of the judicial process. Those who manipulate the market, insider trading, rat warehouses, and intentionally create panic are all likely to be arrested.

  This news boosted investors' confidence even more. The index rose 202 points that day, and recovered 3,700 points strongly after two trading days of decline.

  In the following ten trading days, the index continued to rise again and again. After returning to 4000 points on July 21, it hit a new high of 4184 on the 24th. Although there were subsequent corrections and fluctuations, the market finally stabilized around 3,700 to 4,100 points.

  In just a few days, tens of billions of funds were distributed in this way. In addition to the 120 billion funds invested in ETF funds, two-thirds of the entire rescue funds have been used up. However, Gao Dongfang was in a good mood. When he saw Zhong Shi again, he couldn't help but joked, "You once said that the 300 billion funds were not enough. Now it seems that is not the case. At least now we can say that , the task entrusted to us by the state has not been successfully completed, but the stock market crash is completely over!"

"yes?"

Zhong Shi secretly felt that it was funny. Gao Dongfang competed with him like a child. This kind of behavior was very naive, but he didn't point it out. It can also be said that it is releasing the risk of the financing market. But speaking of facts, the current stock market is still on the high side, and our current main funds are still to support those stocks that can affect the index, and in the market of small and medium market capitalization, it is already sad. It’s a piece of cake. So it’s too early to say it’s a successful completion, and you’ve underestimated the power of international speculators.”

   "I have a hunch that in the near future, they will launch a wave of aggressive attacks."

Having said this, Zhong Shi's face became serious, "So far, the exchange rate market has not made any moves, which is not in line with the style of foreign investors. So before the next action comes, we have to raise more funds. "

   "Are you thinking too much?"

Gao Dongfang laughed and said disapprovingly, "According to the current momentum, although foreign forces may participate, in terms of the amount issued, they only have a few hundred billion at most, and their impact on the stock market is very limited. As for your opinion, I can report it to the higher authorities, but I can't guarantee that it will be implemented, I think you are a bit unfounded!"

   Gao Dongfang at this time is just full of ambition, how can he listen to other people's opinions, even if this person is Zhong Shi.

   "I think you should check this out!"

  Seeing Gao Dongfang getting carried away, Zhong Shi frowned slightly. He felt the need to remind the other party, and immediately turned on the computer to find a stock, "See if there is anything tricky in it, and then tell me what you can think of."

   "Nothing special."

Gao Dongfang quickly tapped on the keyboard, mobilizing all the recent trading conditions of this stock called "Virtue Apparel", and after looking at it for a long time, he scratched his head and said, "I remember this stock. We spent a total of 3.2 billion and finally got it out of the bottom. This stock is the leader in clothing stocks, and its rebound has promoted the rise of the entire clothing industry. There is nothing wrong with our strategy, right?"

   "Look at the Dragon and Tiger List again!"

Zhong Shi pointed to the data of the previous two days and said, "On the 6th, the Suhai Liyang Road business hall sold 22 million shares and bought 58 million shares. The net purchase of virtue clothing in this business hall was 36 million. shares, and another 14 million shares had a net inflow the next day. A total of 50 million shares were lurking before we entered Virtue Apparel. According to the current stock price, this business hall has made at least 1.5 Billion floating profit."

"This…"

Gao Dongfang originally wanted to say that this was just a coincidence, but the next moment he swallowed his words abruptly, because he sensed a very serious situation, "You mean that before this, our position has been determined by outsiders." Got it?"

   "150 million is not a lot of money, and we can fully bear this loss."

Zhong Shi shook his head, and then nodded heavily, "But have you ever thought that if our entire strategy and even the situation of buying stocks were known, and then deliberately hyped, the stock price would immediately soar , In this way, it is equivalent to raising our cost, and then some people will take the opportunity to be our mouse warehouse. If everything is as I expected, how long do you think it will take for the 100 billion funds to be exhausted?"

"And most importantly, if our overall strategy is leaked, someone will take action against us from the macro level. At that time, it will not be as simple as 50 million shares. Maybe everything we do now may Nothing. Even at this level, capital increase is possible.”

   After all, Zhong Shi still said that the mere 300 billion funds are not enough to ensure the safe and stable operation of the stock market, and more funds need to be raised to face unexpected risks.

   "Are you a little worried?"

Although he was very reluctant, Gao Dongfang knew very well that what Zhong Shi said might be true, especially the leaking of the secrets shocked him greatly, making him realize that his surroundings are not very safe, "If we If we can find the person who leaked the secret, wouldn’t we be able to plug the loophole?”

   "I'm afraid it won't be that easy!"

Zhong Shi's face was very ugly, "From the people who formulate our strategies, to the traders who carry out the actual execution below, as well as the brokerages we deal with, and even the exchanges that disclose information according to the rules, there may be leaks in every link. People. If you want to find out, it may take a few months, which is enough time for them to launch a second attack. Although your method is good, it may not be suitable for the current situation."

"so…"

The corners of Gao Dongfang's mouth twitched suddenly. According to what Zhong Shi said, there is indeed not much time left for them, but how to increase the capital is not in his hands. Report, but for various securities companies, I am afraid that it will cause more criticism, and maybe it will cause a backlash, so I can't guarantee what will happen."

   "What are you talking about?"

At this moment, the door of the room was pushed open from the outside, and Li Bin, Guo Zhongye, and Liu Ping walked in. When they saw Zhong Shi and Gao Dongfang sitting together, Li Bin's eyes twitched rapidly, and then he He said with a smile on his face, "What are you discussing? Do you need to hide it from us?"

"unnecessary."

  Gao Dongfang was straightforward, and said directly, "I was discussing with Zhong Sheng just now, about what appeared in the market..."

"it's okay no problem!"

At the critical moment, Zhong Shi interrupted the other party and interjected directly, "We were discussing just now, and the market has stabilized now, but it is impossible to withdraw this part of the funds in the short term, and now there are only less than 100 billion funds. So do you need to collect some funds from the account?"

  Being interrupted by Zhong Shi like this, Gao Dongfang was a little dissatisfied at first, but after thinking about it for a while, he understood, and immediately broke out in a cold sweat. Zhong Shi was reminding himself that the leaked situation is abnormal now, and he cannot relax his vigilance for a day until the insider is found out, even for such high-level people as Li Bin.

   "Fundraising again?"

Li Bin frowned suddenly, "The current situation has stabilized. Even if we want to raise funds, I'm afraid we don't need to raise too much funds. According to my opinion, the amount of 50 billion is enough. What do you think? Has the result come?"

   "Sure enough, he is an expert from the central bank, and he can see the amount we need at a glance."

Zhong Shi laughed and said, "Indeed, according to the results of our previous discussion, no more than 100 billion funds is the most ideal result. First, there may be criticism from the brokerage, and it is indeed not suitable to spend too much money under the current market conditions." Get involved in the market."

"yes?"

Li Bin also laughed, but there was no smile in his eyes. He stared straight at Gao Dongfang, and found that there was nothing out of the ordinary about the other party. His expression was very calm, and he immediately felt relieved, "Okay Now, we should watch the board."

   After speaking, he walked out of the conference room first, followed by Guo Zhongye and Liu Ping. After exchanging glances with each other, Zhong Shi and Gao Dongfang also stood up and walked out.

The stock market opened at 3621 points that day, and fell to 3601 points at one point, but the rescue funds were quickly released. After hundreds of stocks issued pulse-like buy signals, these stock prices rose quickly, driving the entire market along with the trend rise. And because the amount released for each lot is 266 lots, so when the buying orders of 266 lots frequently appear on the market, investors know that this is the rescue funds.

   With the backing of rescue funds, investors immediately felt relieved and began to buy some stocks frequently. The index rose quickly, and finally stayed at 3756 points, an increase of 3.69%.

However, when looking at the stocks that had their daily limit all day long, both Zhong Shi and Gao Dongfang felt a strong pressure, because most of these rising stocks had the participation of rescue funds, which also meant that their holdings It has been known to some outsiders, and these stocks are being hyped.

  This kind of behavior, to put it bluntly, is using the bailout funds to create another small bubble.

   Thanks to Mu Xiangshunqi, Bookworm Xiao Song, ωǒAfraid of Disappearing, Book Friends 160908214745132, Mai Di III and many other book friends who voted monthly! Thank you book friend 160908214745132 for your reward! During the holidays, I also hope that all book friends will continue to actively support, and hope to get more gains in the time of double monthly tickets. The author has no holidays, so continue to work hard~

  (end of this chapter)