Shi Dali didn't expect that before he made a move, large-cap stocks began to plummet. Looking at Huatai Bank, which has been falling for a week and the current price is less than 50 yuan, Shi Dali seems to have seen the shadow of Jinsheng Pharmaceutical.

It's just that the fall of Jinsheng Pharmaceutical at the beginning didn't even have a trading volume. The current Huatai Bank has a daily turnover of billions of dollars. It fully shows that this is a bookmaker at any cost of shipment.

Looking at the rally of the broader market, Shi Dali analyzed that the plunge of Huatai Bank should be just a case.

Shorting on a case-by-case basis looks a lot like Zhang Jinzhao's handiwork. But whether it is Zhang Jinzhao or not, it is imperative for Shi Dali to short A shares anyway.

Indeed, it is much easier to go short than to go long. Of course, it's also much more exciting.

On the morning of this day, the market still continued its previous trend, opening steadily, rising steadily, and as of the close of the morning, the market index rose 2.7 points, which is a large white line. Except for those who hold shares in Huatai Bank, other retail investors are still jubilant. Individual stocks are still in a general rising market, and the index has risen and made money, which is what stockholders are most willing to see.

As for Huatai Bank, not only Shi Dali, but also retail investors and so-called financial experts have classified him as a case, just like when Jinsheng Pharmaceutical fell alone, and the others rose wildly.

Moreover, Huatai Bank has also risen too much in the previous stage, how can there be a bank stock that breaks 100 yuan, which makes PetroChina embarrassed?

So it's not surprising that it's cut in half now.

How crazy it rose at the beginning, how hard it has fallen now.

It's just that unlike the general decline, Huatai Bank is directly down every time it opens, and it does not give retail investors a chance to flee at all. Looking at tens of thousands of lots and hundreds of thousands of sell orders pressed at the limit price, the hearts of retail investors are pulling out the cold.

The previous profit is gone! The capital is gone!

A 1 million capital, a 10% drop is a loss of 100,000, but there is a damn "stock speculation loan", a one-to-one leverage, so that a 1 million capital becomes 2 million, a 10% fall, which is equivalent to a real loss of 200,000.

Different from normal leverage, the "stock speculation loan" innovated by Huatai Bank, although it is said to use stocks as pledges, in fact, the stocks are not under the control of the bank, and the position cannot be closed and stopped in time. Moreover, in the case of falling as soon as the market opens, it is not so easy to close the position.

Fortunately, it is only a stock of Huatai Bank, but there are at least thousands of loans involved, and the funds are billions.

How much of these billions of loans can be recovered depends on when Huatai Bank stops falling.

......

By late November afternoon, the weather should theoretically start to cool. But I don't know why, the weather in Lingcheng these days is even hotter than in August and September.

It's the last madness. Whether it's the weather or the financial markets that are on the move.

Shi Dali's 800 billion yuan of capital entered the futures market in one fell swoop.

November 18 is a day that all shareholders will never forget.

Most shareholders are still glad that they did not hold the shares of Huatai Bank, and did not fall alone when everyone soared. The retail investors who hold Huatai Bank shares but can't get rid of them because of the bottom of billions of selling orders are beating their chests there, regretting that they are not enough to swallow the elephant.

Suddenly, the broader market index took a sharp turn, almost waterfalling, falling from a 2.7-point rise to a 4-point decline.

Following Huatai Bank, several private bank stocks also fell suddenly, almost falling to the limit.

Subsequently, the securities sector began to be affected, and Fangheng Securities took the lead in diving, from eight gains to nearly bottoming out, falling by 18% in five minutes. Other securities stocks also fell.

Small-cap stocks haven't reacted yet, and the broader market has fallen by more than 4 points.

The fall came so suddenly that the securities analysis industry was collectively silent until the bizarre sudden decline expanded from large-cap blue-chip stocks to small-cap stocks.

If a large-cap stock can take a breath when it falls to seven or eight points, once a small-cap stock falls, it is an absolute limit, and there is no room for a rebound. So much so that most retail investors don't have time to flee at all.

After all, who can notice something unusual in a matter of minutes and sell at a price well below the current price?

Yes, but that's definitely a lucky little bit. Maybe it was because I was in a hurry to use the money and sold the stock, or maybe I just thought it was enough and sold it. But there will definitely be no timely sell-off just because the dip is detected.

That's right, Shi Dali's operation has slaughtered the A-share market. By the end of the afternoon, the market had fallen by 7.7 points, except for about a dozen stocks on the first page, which were all green, and the number of stocks that fell was more than three-quarters.

After all, even the market has fallen by almost eight points, and if it doesn't fall by eight points, it can be regarded as a lag.

At this moment, a few families are happy and a few are worried.

The mentality of the Chinese people, hello, I am good, everyone is not really good, you lose me, everyone loses is the united front. So the people who watched the excitement of Huatai Bank before couldn't laugh. The retail investors of Huatai Bank, watching everyone fall together, have a balanced mentality.

However, the sudden plunge, the biggest drop in nearly three years, really shocked the entire financial market.

In the evening of the same day, the CSRC held an emergency meeting.

The style of the government department, if something happens, the first thing is to convene an emergency meeting, and it must be convened immediately, immediately, immediately, at the first time.

But when the meeting began, no one spoke. Because all they need to do is listen to the deployment and follow the requirements, not give any recommendations.

It's not the same as a private company.

Therefore, the meeting was convened in accordance with the normal procedures, reported the sudden decline in the stock market, made a face-to-face analysis of the possible reasons, and then unified the voice, the media did not publicize, did not report, did not speculate, tight inside and loose outside, and paid close attention. It has also established a system for timely notification of information, which means that as soon as there is an abnormal movement in the stock market, a meeting will be held immediately, without waiting until the evening.

After the program is completed, everyone dismisses the meeting, what should they do?

In fact, no one knows where the stock market will go tomorrow. There is no need to have a bottom either. After all, it is not useful for the CSRC to hold an emergency meeting in the A-share market.

Without concrete measures, all meetings are tantamount to hooliganism.

So, as expected, the stock market opened the next day, falling directly by three points, and then went all the way down, and finally closed down 7.2 points.

Whether the meeting should be held or not has become a difficult problem facing the securities regulatory departments.

What kind of information is the timely reporting system, which can be seen when you turn on the computer, and what kind of report is needed?

Thinking about it like this, another three days passed.

Starting from a drop of 7.7 points on November 18, the broader market fell by 7.2 points, 7.6 points, 6.8 points, and 8.1 points in the next four days. At the close of trading on Friday, it was 8.1 points, which was really spicy to the eye.