Chapter 482 - Early Rescue (6)
"We're doing a good job now, it looks like we don't need to raise the second tranche of money!"
After a historic entry into the market on July 6, the subsequent bailout funds tested the selling pressure on the falling limit of individual stocks through a pulsating foodie method, which partially drove the sentiment of the whole market to open the falling limit. Pen, fun, and www.biquge.info
At the same time, the news that up to 120 billion funds have entered the ETF fund has also been widely circulated, which has ignited the sentiment of the market. Under the continuous positive stimulus, both institutions and retail investors have begun to be optimistic about the stock market again, because the bailout funds provide liquidity on the one hand, and release the risk of financing on the other hand.
The so-called ETF fund is a general term for exchange-traded funds. It can be bought or redeemed like a fund, and it can be freely traded on the secondary market. This type of fund is usually an index fund and represents ownership of a basket of stocks. When an investor buys and sells an ETF, he or she buys and sells the index it tracks, and can achieve returns that are essentially the same as that of the index.
120 billion funds into the ETF fund is equivalent to this part of the funds into the secondary market and into these stocks. Although the amount allocated to each stock is not large, it is a clear signal that the government has really stepped in.
Although many companies chose to suspend trading at this time to avoid the fall, and at the same time, the bears were not to be outdone and wanted to compete with the bailout funds, but Gao Dongfang and others did not choose to face them hard against hard, but chose to open the fall limit by mainly protecting the weighted stocks, and at the same time gathering the power of the market bit by bit to open the fall limit, so that although the index fell sharply at the opening, the market that the index still rose all day long appeared again and again.
On July 9, the major media officially released the news that the vice minister of public security in charge of economic crimes led a team to the regulatory authorities to investigate clues about malicious short selling of stocks and stock indexes, which means that the bears officially entered the sight of the judicial process. Those who manipulate the market, insider trading, rat traps, and deliberately create panic can be arrested.
The news boosted investors' confidence even more, and the index jumped 202 points on the day, recovering 3,700 points after a two-session decline.
In the following ten trading days, the index continued to rise, and after returning to 4,000 points on July 21, it hit a new high of 4,184 on the 24th. Despite the subsequent pullbacks and volatility, the market managed to stabilize around 3,700 to 4,100 points.
In just a few days, tens of billions of funds have been scattered, and with the 120 billion funds invested in ETF funds, two-thirds of the entire bailout funds have been used. However, Gao Dongfang was in a very good mood, and when he saw Zhong Shi again, he couldn't help but joke, "You once said that 300 billion funds are not enough at all, but now it doesn't seem to be 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! β
"Really?"
Zhong Shi secretly felt funny in his heart, Gao Dongfang was competing with himself like a child, this behavior was very naΓ―ve, but he didn't point it out, just talked about the facts, "At present, we still rely on the power of ordinary investors to support the stock market, which can also be said to be releasing the risk of financing." But in fact, the current stock market is still on the high side, and our main funds at present are still to support those stocks that can affect the index, and in the small and medium-sized market capitalization market, it is already a mourning. So it's too early to say it's a successful one, and you're underestimating the energy of international speculators. β
"I have a hunch that in the near future, they will launch another wave of ferocious attacks."
Speaking of this, Zhong Shi's face became solemn, "So far, the exchange rate market has not made any moves, which is not in line with the style of foreign investors. So we're going to have to raise more money before the next operation. β
"You're thinking too much, aren't you?"
Gao Dongfang laughed and said disapprehantly, "According to the current momentum, although foreign forces may participate, according to the quota issued, they only have a quota of hundreds of billions at most, and the impact on the stock market is very limited. As for your opinion, I can report it to the above, but I can't guarantee that it will be implemented, I think you are a little unfounded! β
At this time, Gao Dongfang was full of ambition, where would he be able to listen to other people's opinions, even if this person was Zhong Shi.
"I think you should check this out!"
Seeing that Gao Dongfang was getting carried away, Zhong Shi frowned slightly, and felt the need to remind the other party, so he immediately turned on the computer and found a stock, "See if there is any greasy in this, and then tell me what you can think of." β
"There's nothing special."
Gao Dongfang quickly tapped on the keyboard, mobilized all the recent transactions of this stock called "Virtue Clothing", and scratched his head after looking at it for a long time, "I remember that this stock, some time ago, we spent 3.2 billion yuan and finally fished it out of the valley." This stock is the leader in apparel stocks, and its rally has contributed to the rise of the entire apparel industry, so there is nothing wrong with our strategy, right? β
"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 business hall of Liyang Road in Suhai sold 22 million shares and bought 58 million shares, and there were 36 million shares of virtue clothing in this business hall all day long, and there was a net inflow of 14 million shares the next day. A full 50 million shares of chips lurked in before we entered Virtue Clothing, and according to the current stock price, this business hall has made at least 150 million floating profits on this stock. β
"This ......"
Gao Dongfang originally wanted to say that it was just a coincidence, but the next moment his words were swallowed back by force, because he sensed a very serious situation, "Are you saying that before this, our position situation was already known to outsiders?" β
"150 million is not a lot of money, and we can fully afford this loss."
Zhong Shi shook his head, and then nodded heavily, "But did you think that if our entire strategy or even the situation of buying stocks is known, and then it is intentionally hyped, the stock price will immediately rise sharply, which is equivalent to driving up our costs, and then some people will take the opportunity to be our rat trap." If everything goes as I expected, how long do you think it will take for the 100 billion to run out? β
"And most importantly, if our overall strategy is leaked, someone will act against us at a macro level. At that time, it will not be as simple as 50 million shares, and maybe everything we have done now may be in vain. Even at this level, a capital increase is possible. β
Speaking of which, Zhong Shi still said that 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 in his heart, Gao Dongfang knew very well that what Zhong Shi said could be the truth, especially the leak shocked him greatly, making him realize that his surroundings were not very safe, "If we can find out who leaked the secret, won't we be able to plug the loophole?" β
"I'm afraid it's not that easy!"
Zhong Shi's face was very unpleasant, "From the people who formulate our strategies, to the traders who implement them below, as well as the brokerages who handle them, and even the exchanges that disclose information in accordance with the rules, there may be leakers in every link." If they want to find out, I'm afraid it will take a few months, which is enough time for them to launch a second attack. Your approach is good, but it's not quite appropriate for the current form. β
"So ......"
The corners of Gao Dongfang's mouth twitched suddenly, if according to what Zhong Shi said, there is indeed not much time left for them, but how to increase capital is not something he can say, "I will report this matter to the above, but for various brokerages, I am afraid that it will cause more criticism, and maybe it will also cause a backlash, so I can't guarantee what will happen." β
"What are you talking about?"
At this time, the door of the room was pushed open from the outside, Li Bin, Guo Zhongye and Liu Ping walked in, and when they saw Zhong Shi and Gao Dongfang sitting together, the corners of Li Bin's eyes twitched twice rapidly, and then he said with a smile, "What are you discussing?" Need to hide from us? β
"No, I don't."
Gao Dongfang was straightforward and said directly, "I was discussing with Zhong Sheng just now about the ...... that appeared in the market."
"It's okay, it's okay!"
At a critical moment, Zhong Shi interrupted the other party and interjected directly, "We were discussing just now, and the market has stabilized, 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?" β
Being interrupted by Zhong Shi like this, Gao Dongfang was originally a little dissatisfied, but after a little thought, he understood, and immediately broke out in a cold sweat on his back. Zhong Shi is reminding himself that the current leakage situation is abnormal, and he can't relax his vigilance for a day if he doesn't find out the inner ghost, even if it is a high-level person like Li Bin and others.
"And you want to raise money again?"
Li Bin's brows suddenly frowned, "The current situation has stabilized, even if we want to raise funds, I'm afraid we don't need to raise too much money." According to my opinion, 50 billion is enough. What do you think, have you come up with the results? β
"Sure enough, he is a master of the central bank, and he can see at a glance the amount of money we need."
Zhong Shi laughed and said, "Indeed, according to the results we discussed before, no more than 100 billion funds are the most ideal result. First, there may be criticism from the brokerage side, and in the current market, it is indeed not suitable to get too involved in the market. β
"Really?"
Li Bin also laughed, but there was no smile in his eyes, he stared at Gao Dongfang directly, and found that the other party did not have anything out of place, the whole person's expression was very calm, and he immediately put his mind at ease, "Okay, it's time for us to stare at the plate." β
After speaking, he took the lead out of the conference room, and Guo Zhongye and Liu Ping also walked out. 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 once fell to 3601 points, but the bailout funds were quickly sold, and after hundreds of stocks released impulsive buy signals, these stock prices quickly rose, driving the entire market up. And because the amount released by each lot is 266 lots, when 266 lots of buy orders frequently appear on the market, investors know that this is a bailout fund.
With the support of the bailout funds, investors immediately felt wide and began to buy some stocks frequently, and the index soon rose, and finally stayed at 3756 points, up 3.69%.
But when looking at the stocks that have risen all day, Zhong Shi and Gao Dongfang both felt a strong pressure, because most of these rising stocks have the participation of rescue funds, which also means that their positions have been known to some outsiders, and these stocks are being speculated.
To put it bluntly, this kind of behavior is using the bailout funds to create another small bubble. (To be continued.) )