Heung Kong is a mature financial market.

Whether the financial market is mature or not is actually composed of many factors, but the financial market of Xiangjiang has been open for so many years, there have been many, many loopholes, and there have been many, many accidents, but after so many years, many rules have been repaired, and the formation has been completed in the loopholes and mistakes, and until now, it is a mature financial market.

As for whether there are loopholes in this mature financial market, no one is sure that there must be loopholes.

Not to mention Xiangjiang, even the financial market of the United States of America has loopholes, and they are more mature than the financial market of Xiangjiang.

Perhaps it is precisely because it has matured that there are not so many restrictions.

There is no so-called 10 percent, or 20 percent, or 30 percent rise and fall limit, which is different from the financial market in mainland China.

However, this kind of no limit, has become a double-edged blade, sometimes, the stock price of a listed company, can rise by 300 percent, 500 percent, or even 10,000 percent, depending on how much potential your listed company has, and then whether anyone is willing to stick to you.

Again, there is no limit to the downside.

Therefore, the listed companies among the three major families, and many listed companies, when they fall sharply, maybe a share of dozens of Hong Kong dollars, in one afternoon, it is possible to fall to only one dollar or two yuan, and the decline of dozens of times has not occurred in Xiangjiang.

As early as the year before last, something like this happened, with the telecommunications company Kai Qi of Little Superman. Other telcos had no choice but to do so. Partnering with Rice Mobile. But then there was a rice mobile phone infringement incident, on the same day, the stock prices of the several telecommunications companies that cooperated with the rice company fell to a historical bottom, and the stock price fell by half throughout the day, and the original result was more than 100 yuan per share, but a day later, even 50 yuan per share was not enough, if they had not applied for a suspension. Maybe it will fall again the next day, until it falls again.

There are many lessons, so how dangerous it is is not a new thing.

Now, the three major families are facing this problem, and of course, they can also choose to suspend trading, prohibit the company from trading in the market, and maintain the price. But will they be able to do it?

If there is no valid reason. And then there is the above approval, they can't do it, in Xiangjiang, there is a securities regulatory commission staring at it, they usually don't seem to have any power, but at a critical time, they can decide the life and death of a listed company, such as the approval of the listing, it seems to be their power, they are willing to give you the approval of the listing, if you are unwilling, you will be beaten back, you also have no way.

The same is true for suspensions.

What kind of organization is the China Securities Regulatory Commission, it is a non-governmental organization, it can be understood in this way, but it is definitely within the control of the Xiangjiang government, and the current Xiangjiang government hates the three major families to death, if it were not for them, would the situation in Xiangjiang become like this? Still suspended? You think beautifully, to say a polite word, now the top level of the Xiangjiang government is looking forward to the end of the three major families.

In the past, they were not less angry with the three major families, although, in it, there were spokespersons supported by their three major families, but so what, there are high-level people in mainland China, even if they are the spokespersons of support standing in a high place, aren't they subject to the checks and balances of the high-level in the interior?

Therefore, it is unrealistic to suspend trading or something, and the only thing they can do now is to do their best to stop the decline, and then find a way to pull it back, and then find a way to throw it away.

Now in such a situation, even if they sell regardless of cost and loss, there is no way to sell, all because there are more and more selling orders in the market, there are not a few people who buy, everyone is trapped, only selling, not buying, the market can't survive, the price of the selling order hanging out is getting bigger and bigger, and by default, your stock price will fall step by step.

You can't even throw it away, you still play fart, play eggs.

Seeing that the stock price is falling little by little, they have no choice but to do their best to protect the disk, save the market, and continue to buy those sell orders, at the same time, he also said to the outside world that their strong confidence shows that their company has a lot of money, and the purpose of initiating the repurchase clause is to attract retail investors to buy their shares.

It's just that not long after their news was sent, they also made a repurchase, but there are more and more sell orders on the market, even if they sweep, they can't sweep it.

Keep eating, when is it a head?

What's more important is that those retail investors see that something is wrong, where they can control what kind of repurchase terms you have, just throw it away, and now you can throw it out, and you can recover a little cost.

As a result, a large number of retail investors went out, resulting in more and more sell orders.

In addition, the three major families also found that the shareholders of those listed companies also went out, and they also saw that the situation was wrong, and they followed one by one.

In this case, they are not willing to die with the three major families, even the largest shareholders of those listed companies are not willing to die with the three major families, and they are also decisive.

Perhaps, their family's combined holdings are more than the largest shareholders on the surface, but they only put some people into the company, and they do not control the entire company, and only when necessary, they will control the company, which is very clear to the largest shareholders.

On the surface, those largest shareholders are the people in charge of the company, but they will be interfered with by the three major families, so to speak, the company is still owned by the three families, in this case, how can they die with the three families, it is better to change some money to live a chic life, they can also see it, if it goes on like this, sooner or later it will have to collapse, cut the meat, you can still have some money, don't cut the meat, wait for the company to finish, and lose all your money.

Therefore, in the case of those shareholders, the three major families finally discovered one thing, that is, the catastrophe came, and they flew separately.

At the same time, they also felt a sense of powerlessness and found that they really didn't have much money

(To be continued......)