Chapter 705: The Bears Are Coming!
Duan Yu was welcomed like a hero after returning to China, all the staff of the CSRC lined up at the gate of the CSRC to welcome him, when he stepped down from the car, there was immediately thunderous applause, this applause was absolutely heartfelt, everyone looked at Duan Yu with hot and reverent eyes, even Dong Wenhai appeared in the welcoming crowd, he is now really convinced of Duan Yu, replaced him as the chairman of the CSRC, he asked himself that he can't do such a result as Duan Yu, this person is like this, the mentality has been adjusted, the whole person has changed, he originally looked at Duan Yu everywhere unpleasant, but now he looks at Duan Yu is much more pleasing to the eye。
Li Songle followed behind Duan Yu, his smile was a little stiff, in his imagination, he should have been the one who accepted this hero-like courtesy at this time, but now he could only be reduced to a foil, especially when he saw that even Dong Wenhai was chasing Duan Yu and saying flattering words, but he was completely forgotten and neglected by everyone, and the jealousy and hatred in his heart, which grew like weeds, came out again!
This reminded Li Songle of the secret conversation with Soros before returning to China, saying that Soros was the devil, which was really not wrong at all, and the conversation with Soros made him a little scared when he thought about it, but he couldn't resist the temptation that came out of his heart, just like the fairy tale of trading with the devil, knowing that trading with the devil requires selling his soul, but no one can resist the temptation of the devil.
Originally, Li Songle was still a little hesitant, after all, if he accepted Soros's proposal, if he succeeded, he could certainly obtain a huge amount of wealth, but he would need to pay the price of selling his soul and betraying the country.
Duan Yu's reputation is now high, from superiors to ordinary investors have a high evaluation of him, the second chief praised Duan Yu by name in internal meetings several times, and called on everyone to learn from Duan Yu, not afraid of difficulties, dare to face difficulties, and forge ahead. The news media, which has always been more sharp, did not hesitate to praise Duan Yu, saying that he had created an unprecedented good situation and was the most accomplished chairman of the China Securities Regulatory Commission, giving him a high score of 90 points for his achievements since taking office.
With such a prestige, Duan Yu's original controversial several major reforms have been successfully implemented, and remarkable results have been achieved, after a series of illegal companies were forced to delist, a number of listed companies and securities institutions were issued huge fines, once rampant insider trading, stock price manipulation, false information disclosure, financial fraud, rat warehouse, listing circle money and other violations have been greatly curbed, the stock index has also continued to rise, repeatedly hit new highs, the stock market has shown a prosperous situation!
Li Songle's recent performance is a little strange, he has always been arrogant and unsociable, he rarely stays in the office recently, frequently goes out to research, meets with well-known people in the securities industry, and he has always looked down on private equity, he actually took the initiative to contact several private equity giants uncharacteristically and carry out secret talks, but now everyone is attracted by Duan Yu's dazzling light, so no one pays attention to Li Songle's abnormal behavior.
As early as two years ago, Soros announced his retirement, no longer managed the quantum fund founded by him, and focused on promoting philanthropy, and after that, Soros did rarely appear in public, let alone make public statements.
Because of this, Soros's comeback and first public remarks have also attracted the attention of the world, and Soros has pointed the finger at China this time, saying that China's economy is facing the risk of a "hard landing", which is not the result of his prediction, but the conclusion reached through observation. Soros also said that although Huaxia has sufficient resources to deal with the current situation, the economic slowdown will still have a spillover impact on global markets.
Soros is even more alarmist in claiming that China's economic slowdown will also worsen problems in other parts of the world. With the slowdown in China's economy leading to a decline in crude oil and raw material prices, and the sharp drop in offshore RMB prices, ChinaAMC will become the most fundamental cause of global deflation, which will drag the world economy into a recession.
Although Soros has a lot of evil deeds and a bad reputation, he has always been known for being good at discovering market loopholes, ruthless, vicious, and accurate, and now he has broken his promise and made a comeback after announcing his retirement, and in his first public remarks, he has made such a high-profile "short" Chinese economy, especially Soros and the Chinese government can also be regarded as having "accumulated grievances", in his "short" The biggest defeat in his career was that he took advantage of the aftermath of sweeping the Southeast Asian financial market to block the Hong Kong financial market, but he was hit head-on by the Chinese government and returned home, becoming a rare defeat in his life, so the outside world unanimously believes that Soros's "shorting" of the Chinese economy should not be groundless, but really ready to short the Chinese financial market!
There has always been no shortage of speculators in the financial market, and immediately after Soros made a public remark about "shorting" the Chinese economy, a number of internationally renowned "short" fund companies announced that they would short the Chinese financial market, and at the same time, a number of international authoritative institutions expressed concern about the decline of the Chinese economy and downgraded the credit rating of the Chinese market.
Soros's remarks about shorting the Chinese economy have also caused panic among domestic investors, and funds have fled the stock market, causing the Chinese stock market, which has just improved, to fall off a cliff again, and investors have just recovered some confidence and suffered a heavy blow again!
It seems to have fulfilled Soros's "prophecy", international crude oil and raw material prices have seen a historically rare continuous decline, and the offshore RMB price has also fallen sharply, falling below the lowest value in history, which also makes the "bears" more and more crazy, and the voice of "singing short" in the Chinese financial market is very loud.
On the one hand, it is impossible for the country to sit idly by and watch this situation appear, on the one hand, it has issued a public statement in the domestic and foreign media, severely condemning Soros and others for "shorting" the Chinese economy, which is groundless and ill-intentioned, and regards China as the main culprit of the world economic recession is even more nonsense.
In addition, the state has also successively introduced tough measures to crack down on speculators who maliciously short the Chinese financial market, and the "national team" has also decisively taken action to protect the market and stabilize the market.
At the same time, some friendly countries and well-known personalities in the world have also spoken out one after another, optimistic about China's economy, and expressed full confidence in the long-term improvement of China's economy, and Warren Buffett, the god of stocks, also stood up, saying that Soros's "prediction" is groundless, and he is very optimistic about the development of China's economy, and has bought and held a large number of Huaxia stocks.
Although the "national team" has temporarily stabilized the stock market and no longer falls off a cliff, it has not been able to completely stop the downward trend of the stock index, and hundreds of listed companies have to announce a suspension to avoid a complete collapse of stock prices.
Many ordinary shareholders who entered the stock market because of the good news that the Chinese stock market was included in the MSCI Emerging Markets Index were all trapped by this sudden plunge, most of these ordinary shareholders lacked professional financial knowledge, and completely followed the trend, so they all suffered heavy losses, and they were naturally resentful when they lost their minds, thinking that Duan Yu was the culprit of the crash, and he brought in the "wolf"!
In the face of this unprecedented crisis, Duan Yu behaved very calmly, he stood up, made a public speech, he did not defend himself, but used detailed data to analyze the current economic situation of the country to investors There is no problem, and the healthy development of the stock market is by no means a problem, and at the same time, the shareholders of listed companies should have confidence in their own company's stocks, take the initiative to increase their holdings of the company's shares, and at the same time can also encourage employees to hold shares, so that investors can see the investment value and confidence of high-quality companies, and the China Securities Regulatory Commission has also introduced a series of favorable policies to boost market confidence。
In addition to the actions on the surface, Duan Yu also did a lot of things that ordinary investors can't see, he asked the technical department to send more manpower to monitor large abnormal transactions, track large amounts of funds that are maliciously shorted, and find out those speculators who are maliciously shorted.
This bright and dark action quickly received the effect, a number of listed company shareholders responded to the call, increased their holdings of their own shares, which also let ordinary investors see, the market panic has been contained, the stock index finally stopped the downward trend, and at the same time the monitoring of abnormal transactions has also received the effect, malicious short funds dare not act rashly, and the bold and reckless are also grabbed by the tail of the fox by the technical department, and some malicious short sellers slowly surfaced!
Duan Yu also felt that the situation was serious, and personally went to meet with the No. 2 chief, and reported the situation to the No. 2 chief, who was very angry, and immediately called the Minister of Public Security Qian Menghai and asked the Ministry of Public Security to set up a special team, and Qian Menghai personally led the team to the China Securities Regulatory Commission to investigate the malicious shorting of the Huaxia stock market!