Chapter 257: The Battle of the "Official" Foundation (17)
"What the hell are you talking about?"
Ren Ruowei, who had been unable to interject, was a little inexplicable, watching the two of them fight for a long time, but he didn't understand a word, and he couldn't help but feel a little anxious, but when he saw the smiling expressions of Zhong Shi and Ma Jiarui, he suddenly woke up a little, and blurted out at the moment: "What do you mean?" Will they make the kind of situation we discussed earlier in the restaurant? That's impossible! ”
As soon as he said it, Ren Ruowei immediately denied himself, "This is absolutely impossible, with the scale of the Tiger Fund and the Quantum Fund, they have strong financial resources, and they will definitely not do such a thing that violates their trust." You're definitely thinking too much! ”
"Of course they won't do it, maybe they still want to attack Hong Kong stocks for the second or third time!" Zhong Shi was unimpressed by Ren Ruowei's fierce reaction, and the corners of his mouth showed sarcasm, "The problem is that those who follow these two giants, the floating capital and small funds, compared with the Quantum Fund and the Tiger Fund, their operation style is more aggressive, their positions are heavier, and even the average price is lower. In this case, what do you do to make sure they don't give it a go? ”
"But...... But ......"
Ma Jiarui stammered and wanted to refute, but he only reluctantly said two "buts", and the following words could no longer be said. At this time, he still didn't understand that people can do anything when they are forced to be in a hurry.
It must be said here that the stock settlement of the Hang Seng market implements a T+2 system. That is, the transaction is completed on the second trading day, and the transaction is truly completed. During these two days, if the stock generates equity, similar to dividends, dividends, etc., these rights still belong to the selling party.
The so-called T+0 trading of Hong Kong stocks means that you can buy a stock on the same day or sell the stock on the same day. This is relative to T+1 in the mainland market, where the market rules are to buy a stock on the same day and sell it the next day at the earliest. This is the way the transaction is done. It has nothing to do with the delivery method.
Hong Kong stocks this T+2 model. Although I don't know what the original intention of the design was, it can indeed expand the volume of the market, but it also creates space for some unscrupulous speculators to exploit loopholes.
Sell at this point, and then deliver or not depending on the situation. If you defeat the Tianyu Fund because of this. Then they have a day to two days to wave a check and borrow stocks to settle; And if it fails. These capitals can only get out of the face of the infamy of default, and will never be able to set foot in the Hong Kong market again.
This is the last resort of some capital, because it involves reputation, law, etc. So it can only be a last resort.
And Druckenmiller grasped the psychology of the other party, so he released the news that the quantum fund was going to give it a go in the market, because he knew very well that if even the quantum fund as the leader had to give it a go, then other free capital, small funds, etc. would be at the most dangerous moment, and at this time, in order to suppress the index, any trick would have to be used, even if it was illegal.
At noon in the restaurant, Zhong Shi discussed this possibility with Ma Jiarui and Ren Ruowei, but at that time, both of them shook their heads, thinking that this kind of delivery default could not happen, because first, it involves a reputation issue, and the second is a legal issue, even if those capitals flee back to the United States or other places, but in the end, the matter will still have to be resolved, even if the lawsuit drags on for several years.
But now after Zhong Shi's analysis, they realized that the other party did have this possibility, anyway, in two days, as long as they could get through the current hurdle, they could do anything.
"What's going on now?"
The three of them looked at each other in unison, and they all found the horror in each other's eyes, and several people looked at the hall again, and found that the traders were all sweating profusely, and everyone was trading with all their might, almost to the point of dizzying. As soon as they saw this situation, the three of them all chuckled in their hearts, realizing that the situation might not be good.
"What's going on?"
Zhong Shi walked quickly to a trader's side, and after a cursory glance, he was surprised to find that the battle was far more fierce than he imagined, and what the trader was eating was a sell order of up to 3,000 lots, the price was about 18 Hong Kong dollars, and the transaction amount reached 50 million Hong Kong dollars according to the estimate of 1,000 shares and one lot.
And behind it, there are several selling orders of up to thousands of hands one after another, Zhong Shi estimated in his heart that the numbers that can be seen alone have reached at least hundreds of millions of Hong Kong dollars.
None of this is the point, the point is that this stock only accounts for a very small share of the constituents, less than 1 percentage point. Zhong Shi quickly thought that even if it was as small as this stock, there was such a strong selling order, and those large-cap stocks that often sold tens of millions or hundreds of millions of hands, I don't know how many stocks were sold at this time!
To make matters worse, it is not clear how many of these traded stocks are actually deliverable, and how many are made out of thin air. The current situation is that he has to protect the market immediately, not let the index fall, and not think about whether there is a fake trade at all, because as long as the final delivery date is not reached, you cannot conclude that the other party is bluffing.
And it is precisely this bluff that is rapidly consuming Zhongshi's funds.
The cold sweat on Zhong Shi's forehead suddenly burst out. Even though the air conditioning in the room was turned on sufficiently, he still felt a kind of heat from the bottom of his heart, this feeling like a maggot on the tarsal bone made him very uncomfortable, but after thinking about it, he had to admit that he really didn't have a good way to crack the other party's trick.
"No, there are only 13 billion Hong Kong dollars!"
Just when Zhong Shi was at a loss, Ren Ruowei beside him suddenly screamed, it turned out that he had just checked the situation of the total capital pool, and was stunned to find that in the past half an hour, the Tianyu Fund alone had consumed more than 20 billion Hong Kong dollars. The remaining funds are less than 13 billion Hong Kong dollars, and they are decreasing at a rapid rate.
"No, let's ask the Hong Kong government for help!"
Ma Jiarui was also anxious, although he didn't know what Zhong Shi had experienced, but he obviously noticed that Zhong Shi's attitude towards the Hong Kong government during this period was much worse than before, so he had always avoided mentioning the names of these civil servants in front of Zhong Shi, but at this time, after all, the two sides were still in a situation where both sides were losing and he couldn't care so much.
"Them?" thought of Wang Xuehong and Luo Liang. Zhong Shi suddenly had a feeling that he was not angry. This kind of robbery while the fire is no different from the robber in his eyes, but at this time he has to ask them for help, and he bows his head that he has always held high, this feeling is very complicated. Helpless, sad. Or is it humiliation? Zhong Shi couldn't tell.
Watch as Bell Stone stands still. Ma Jiarui was even more anxious, and he couldn't care about anything else at the moment, so he pulled Zhong Shi into the office with a pull. While dragging Zhong Shi, he said: "Zhong Sheng, the overall situation is important, if the index collapses, we will also collapse!" ”
Ren Ruowei didn't make a move, but he was so anxious that he stomped his feet on the side. When he saw the trader poking his head out and looking this way, he waved his hand very dissatisfiedly and reprimanded: "Look at what, hurry up and do your own thing, don't worry about irrelevant things!" ”
Half-pushed and half-pulled to the desk, Zhong Shi had completely calmed down, he realized that the negative feelings just now were not necessary at all, Ma Jiarui's words really woke him up, and the situation at this time really did not allow him to continue to be angry, so before dialing Cen Yinquan's phone, he told Ma Jiarui: "Put all the funds into it, immediately, immediately!" I'm going to sue them, even if I am consumed to death, I will force them to dig a bigger pit so that they can bury themselves in the future! ”
Ma Jiarui looked at Zhong Shi worriedly, and when he saw him gritting his teeth, he couldn't help but sigh in his heart, pushed open the door and walked out.
Picking up the microphone, Zhong Shi didn't know what to say for a while, this small microphone on weekdays seemed to be a thousand weights at this time, so that he was almost out of breath, although this was just an illusion, but this feeling was lingering. Zhong Shi now has an expectation that the people of the Hong Kong government will take the initiative when they perceive that they are not supporting, so that they can avoid asking for help. Naturally, he knows very well that the people in the Hong Kong government are observing the market, but if he does not notify in advance, there will definitely be a vacuum period, and at this time there is only a short half an hour before the end of the transaction.
After thinking about it, Zhong Shi still decided that he could not take this risk, after all, the timing was too critical. However, just as he tried hard to pick up the microphone and dial Cen Yinquan's phone, he only had time to hear a "hey" from inside, and then he heard a sudden burst of noisy cheers outside.
"We won!"
"The speculators are defeated, we are victorious!"
"Lord, thank you for the gift of God for my help today!"
……
Zhong Shi was stunned for a moment, and he didn't have time to put down the microphone, so this huge sound was just captured by Cen Yinquan. The other party didn't expect such a situation, but after hearing it clearly, Cen Yinquan suddenly became angry, he thought that Zhong Shi was demonstrating, which made him particularly unbearable, who had always been in a high and powerful position, and said unceremoniously at the moment: "Zhong Sheng, you are so majestic, you can be called the king of Hong Kong in the future!" ”
After saying that, he naturally dropped the phone unceremoniously! This scene stunned Ren Yigang and the others next to him. And the title of "King of Hong Kong" then began to spread and became the exclusive code name of Zhongshi.
Naturally, these are all afterthoughts.
was scolded inexplicably, Zhong Shi still didn't come back to his senses, the earth-shattering sound made his brain short-circuit instantly, and then reprimanded Cen Yinquan without a head, Zhong Shi held the microphone with only a "beep" sound, and didn't know what to do for a while.
"Zhong Sheng, Zhong Sheng!" Ma Jiarui rushed in like crazy, shouting as he ran, "The speculator has retreated, retreated, really retreated!" They have already told us that we have won this game! ”
"Really?" Zhong Shi touched the tip of his nose, put down the phone a little embarrassed, looked at Ma Jiarui's excited expression again, and explained with some humility, "I wanted to call Director Cen just now, but before I could speak, he ridiculed me, and inexplicably said that I am the 'king of Hong Kong', you say it's not strange!" ”
"Not strange, not strange at all!" Ma Jiarui laughed, didn't feel anything strange at all, he grabbed Zhong Shi's collar and pulled Zhong Shi out, "You are indeed the king of Hong Kong now, controlling the entire market value of more than 5%, is there anyone else who has such a large-scale position as yours?" It is indeed not an exaggeration to say that you are the king of Hong Kong! ”
Back on the trading floor, Jongshi was greeted by cheers and applause from everyone, and then he was thrown high into the air in the crowd, even though he was reluctant to do so. (To be continued......)
PS: I'm sorry for being so late today, so I made everyone wait for a long time, but fortunately I finally got out. By the way, I would like to thank the book friend Yun Maniac, Hu Wang Daxia, and draw the knife and cut off the oil to vote for the monthly ticket!