After Su Yu, Li Meng, and He Qian's group arrived in Shenzhen.

Su Yu immediately asked He Qian to meet with the core management of the new nanotechnology company.

The core management staff of New Nano Technology did not expect that at a time when the money shortage crisis in the entire market was spreading and there was no way to borrow money, some investment institutions would take the initiative to come to the door.

So, basically without encountering any obstacles, Su Yu and his party won the order of new nanotechnology.

With a direct investment of 4 million, it supplemented the imminent cash flow crisis of New Nano, and at the same time, with the consent of all shareholders of New Nano Technology Company, it occupied 10% of the equity interest of New Nano Company.

After taking over the new nanotechnology company......

The next day, Su Yu and his entourage visited Mingjiang Technology Company again.

Different from the new nano company's thirst for funds and the sense of urgency that the huge debt repayment pressure is approaching, Zhu Jianming, the boss of Mingjiang Technology Company, was not in a hurry to sign a contract with the 'Yuhang Investment' represented by Su Yu, but in the fierce bargaining with the three, he finally accepted the 4 million funds that the 'Yuhang Investment' took the initiative to hand over.

And in the end......

In this transaction, 'Yuhang Investment', represented by Su Yu, acquired a 15% stake in Mingjiang Technology, which is 5% less than the initial expectation of 20% of the shares.

The two deals were negotiated and 8 million were spent.

Su Yu considered that tomorrow was the day the stock market opened, and he had to go back to preside over the work. So he left He Qian to finish in the Shenzhen market.

He and Li Meng returned to Yuhang that night.

Back at Yuhang's home, it was 10 o'clock in the evening, Su Yu finished washing, turned on the computer, and checked today's various market news, chat software, and various messages in the email.

I saw that the entire market has been shrouded in the 'money shortage crisis' that broke out in the banking and financial system.

Whether it is the financial media, or the trading forums, the financial community.

Everyone seems to be in a financial crisis coming, the scene of the end of the world, and they are extremely pessimistic about the market outlook.

Moreover......

Rumors are everywhere in forums and communities.

There is news that in the southwest region, a local commercial bank suffered a serious run and went bankrupt overnight; There is news that major banks have begun to restrict the transfer of large amounts of funds and do not allow the redemption of wealth management funds at this time; There is news that the central bank will cut interest rates and reserve requirements tomorrow to release trillions of liquidity; There is even news that commercial banks, in order to prevent large customers from transferring funds, begged large customers on the spot, and even knelt down to large customers...... Anyway, the list goes on and on.

In addition to the rumors.

That is, the overnight repo rate and interbank interest rate, which are still above the 20% mark and seem to continue to rise, continue to stimulate the nerves of the market that are almost collapsing, as well as the complete rupture of on-exchange and over-the-counter financing channels.

Su Yu felt this extremely panicked and pessimistic market sentiment.

Knowing that tomorrow's market will certainly not be better.

I couldn't help but open the chat software and email, and glanced at everyone's messages and some intelligence information sent by Lin Antu.

I saw that whether it was in the message, or the classmates he added, the retail investor group, the main group of tourist capital, and the 'Yuhang No. 1' investment group, it was all a pessimistic discussion.

As for the intelligence information sent by Lin Antu, there are some more sensational news.

For example, the internal net cash flow of Qianjiang Bank is less than 3 billion; For example, the overnight repo rate and call rate of many urban commercial banks have risen to about 30%; For example, a commercial bank in Qianzhou that has abundant funds and can lend funds attracted more than 50 commercial banks to borrow money within 12 hours after the news was released; For example, the internal teams of two commercial banks, in order to fight for a loan of 50 million yuan, directly fought at the door of a bank that lent funds......

Dozens or hundreds of pieces of news and internal information were arranged in the emails that Lin Antu sent him.

Shocking, jaw-dropping.

"Is there any inside information on the central bank's side?" Su Yu saw that Lin Antu was still online and asked.

Lin Antu replied: "No, Yanjing, there is no information coming out, it can be said that it is calm, and it is strange to say...... This round of market money shortage crisis has become like this, can the central bank still and pretend not to see anything? What is this going to do? ”

He is a market researcher.

At this point in the development of the market financial crisis, the central bank can still remain indifferent, and he really can't understand it.

Su Yu smiled and said, "The bitter fruit brewed by yourself has to be drunk by yourself!" ”

"Since the global financial crisis in 08, under the various macro strategies of national economic stimulus and ten revitalization, the central bank has released wave after wave of water, and market liquidity has long been excessive."

"This has been since the past year or two, after the central bank released water, the economic response has become more and more sluggish."

"On the contrary, the inflation problem is getting more and more serious, and you can see it."

"For example, how did the terms 'garlic you ruthless', 'ginger you army', and 'green onion uncle' come from?"

"In the case of excess liquidity and soaring inflation, and then releasing water to stimulate the economy, it will be like drinking water to quench thirst, and there will be big problems in the end."

"The central bank is certainly aware of that, too."

"Therefore, from the end of last year to the present, the intensity of water release and the release of liquidity have become smaller and smaller."

"But before the economic growth rate does not improve, and the global economy and the Federal Reserve do not turn a corner, even if the central bank knows the crux of the problem and wants to tighten liquidity, it has great concerns."

"So, it dragged on."

"But now, from late April, the Federal Reserve has released the withdrawal from the QE plan, and there is a high probability of turning to the interest rate hike channel signal in the future."

"The central bank has no previous concerns."

"It also intends to gradually tighten liquidity, alleviate the current inflation problem that plagues people's livelihood, guide funds to invest in the real economy, and reactivate economic vitality."

"But there are some guys who claim to be the top economists and institutional researchers in China."

"In the last wave of water release from the Federal Reserve and the domestic central bank a year ago, ignoring the situation of global inflation, continuing to predict and predict that the domestic central bank and the Federal Reserve will continue to release water to stimulate the economy, which has led to the misjudgment of the macro monetary situation by the vast majority of domestic financial institutions.

"Such a situation ......"

"If the central bank continues to release liquidity, then there will be no problem."

"But what was the result?"

"It was the Fed's sharp turn in monetary policy in late April, and the central bank's determination to rein in excess liquidity, suppress inflation, adjust monetary policy, and guide economic institutions to adjust."

"This has led to domestic liquidity, which has become increasingly tight since late April, when the expectations for the central bank to release liquidity have been disappointed."

"After all, if the central bank doesn't release liquidity."

"Then, according to the original set target of annual capital supply, the additional increase in social financing released in the first quarter needs to be repaid in the second quarter."

"In addition to the recent years, commercial banks, in order to obtain more liquidity."

"The aggressive expansion of off-balance sheet assets has led to a plummeting number of underlying deposits."

"This naturally aggravates the outbreak of this crisis and the severity of the market money shortage in the case of misjudging monetary policy and eating too much grain."

"Overall, though."

"Our domestic financial supervision is still dominated by strong supervision."

"There are still a lot of cards that the central bank can play in their hands, like this kind of money shortage crisis, the impact is only for a while, and as long as the central bank releases a certain amount of liquidity, the crisis will be solved."

Frantis

"Of course, the central bank has not moved at this time."

"I guess they are also knocking on the mountain and shaking the tiger, taking advantage of the crisis of market money shortage, so that these commercial banks who have tasted the bitter fruit understand that they don't particularly predict policies, do not abide by the rules, feel that there is no precedent for bank failure in China, and feel that there must be a central mother in the end, so they will wantonly carry out off-balance sheet expansion, aggressive investment, and forget the most basic risk issues."

"Got it!" After listening to Su Yu's analysis, Lin Antu finally clarified the logic and replied, "Mr. Su's analytical ability is really amazing, and I really admire it." ”

He didn't think as far as Su Yu, so he has been a little hazy about this money shortage crisis.

Now, I understand it completely.

"I estimate that after this money shortage crisis, these commercial banks that have tasted the bitter fruits of this time should return to sound operation, gradually sort out their own assets in the bank, and move towards the road of real optimization." After Su Yu replied to Lin Antu, he smiled and said, "However, the era of high growth of banks should be gone forever, and the grand occasion of 07 will not appear again." ”

After speaking, the two continued to chat for a few words, and then Su Yu went to sleep.

The next day, when he woke up.

The 'savior' that the whole market is looking forward to, the central bank still has not cut interest rates, nor has there been any open market operation, and after a night of fermentation, the money shortage crisis in the entire market has further diverged, and the overnight repo rate and interbank lending rate of banks have generally reached an astonishing 30% or more, compared with a few days ago, it has risen 10 times, and countless appalling news and rumors are still flying in the sky.

Su Yu roughly browsed the various financial news information promoted by his mobile phone.

Then after washing and eating breakfast, I came to the company with Li Meng.

It was still a simple morning meeting, and then he came to the company's trading room, sat in front of the computer, and waited for the moment to arrive at 9:15.

"Mr. Su, today's market sentiment is very pessimistic!"

Li Meng sat next to Su Yu, browsed the financial information of the market, as well as the hot topics of major trading forums and financial forums, and said.

In private, she can call Su Yu by her name.

But in the company, Li Meng is still usually referred to as 'Mr. Su'.

"The crisis of money shortage in the market has spread from the banking system to the market in an all-round way, and in such a situation, it is strange that the market sentiment can be good." Su Yu said, "But there is no need to be pessimistic, the domestic financial risks are still controllable on the whole, otherwise the central bank will not let this crisis spread to the present." ”

"What do you mean?" Wang Can on the side didn't quite understand, "What does Mr. Su mean is that the central bank deliberately did not save the market?" ”

"I didn't mean to!" Su Yu said, "It is these misjudgments and mistakes that commercial banks have made excessive lending in advance. ”

Saying that, Su Yu glanced at Wang Can and continued: "You can do more of the investment logic of the market, and give me a morning analysis, noon analysis, and closing analysis every day, and ...... at the same time Don't always keep your eyes on the field, pay more attention to some off-field news, otherwise it will be difficult to make progress. ”

Once he entered the company and became a subordinate relationship, Su Yu didn't have so much affection to talk about.

As a result, it is no longer polite to speak.

Wang Can knew that Su Yu really wanted to teach him, and he really wanted to learn, so he nodded, and didn't speak.

Li Meng looked at Wang Can as a big man and a big man, in front of Su Yu, like a primary school student, he couldn't help but smile lightly, seeing that the time was approaching 9:10, he stopped talking, carefully scribbling through the important news of the market and the stocks that had major positive and negative announcements before the market, as well as some stocks that he was concerned about and planned to open a position, cut out multiple interfaces, and made all preparations for the opening.

Su Yu was silent between the two......

The eyes fell from the two cities to the group of classmates and the main group of tourists.

In the group of classmates and retail investors, there is not much information discussed, except for complaining, or complaining; In the main group of tourists, there are people who hold positions to spend the weekend complaining, but there are also many people who are short of this market, with a positive attitude towards this kind of market, feeling that the central bank will definitely save the market, and feel that the Shanghai Index 2000 point mark still has considerable support, and will not easily fall through, and wait for the market to open after the bottom.

"Brother Su, what do you think of today's plate?"

When he was checking the message in the group, and it was only 3 minutes before the call auction time between the two cities at 9:15, Zhao Qiang sent him a message on the chat software.

Su Yu replied with a smile: "The market investment sentiment is extremely poor, and there is a major negative shroud, the majority of retail investors, at this moment the Shanghai Index should have fallen to the limit, although the performance after the opening, may not be so bad, but in today's situation, if there is no direct positive stimulus from the central bank, the trend wants to reverse, it should be difficult." ”

"You're bearish too?" Zhao Qiang said, "Shanghai index from the 2000 point mark, only 3 points of the drop of the distance, here is the bottom of the early April hit area, but also an extremely important integer point mark, from 08 years later, 5 years have not hit through this support, plus the market has come here, from the rebound high in early June, has fallen more than a dozen points in advance, fully reflects the market bearish, I don't think there is too much pessimism." ”

"In the long run, it's certainly not pessimistic." Su Yu said, "But in the current situation, the market money shortage has broken out, and institutional positions have fallen into the prisoner's dilemma of cannibalism. ”

"And it's not right to say that the profits are exhausted."

"From the beginning of June to the present, the market has indeed fallen by more than a dozen points in a row, which fully reflects the bearishness of some markets and the demand for an over-falling rebound."

"But no one expected that the money shortage in the banking system would spread to this point."

"I didn't expect that the overnight repo rate and interbank lending rate of banks could soar tenfold overnight, generally reaching more than 30%."

"In other words, this is a bearish that exceeds market expectations, and the market will inevitably react."

"It's just that it's certainly not as exaggerated as the index limit."

"If 2000 points are directly broken down, and then fall again, if you want to build confidence again, it will be even more difficult!" Zhao Qiang still somewhat agreed with Su Yu's point of view, and couldn't help but sigh, "Hey...... I really didn't expect that since the Shanghai Composite Index broke through the 2,000-point mark for the first time, it has been more than ten years, and the Shanghai Composite Index is still struggling here. ”

"If you don't break it, you can't stand it!" Su Yu said, "If you don't break through the last line in the hearts of investors in the market, the future market will not be able to travel lightly and rebuild confidence, here...... Bearish long, Fang is right! ”

When Zhao Qiang heard this, he smiled and said, "That's right, go long short." ”

The two had a brief discussion, and 9:15 a.m. arrived.

Su Yu closed the chat box and instantly moved his gaze back to the call auction panel of the two cities.

I saw nearly 2,000 stocks in the two cities, only a few dozen red plates, and the rest of the stocks all opened low, and the various industry sectors and concept plates also opened low across the board, without a red plate, among them, the main board weight 'big finance' plate, directly opened 3 points lower, several local commercial banks, and the initial set bidding fell by more than 7 points.

In the midst of the green screen, he looked at the core concept stocks he paid attention to.

I saw that the Shanghai Ganglian opened nearly 5 points lower; Hua Qingbao opened 4 points low; Netspeed Technology and Fenda Technology, which have institutional positions, opened nearly 6 points lower; LeTV, Oriental Fortune, and Flush all opened about 3 points lower, which is similar to the decline of related concept plates.

See such a tragic scene of the initial call auction.

Su Yu and Li Meng, who had expected it before, looked quite calm on their faces, while Wang Can was stunned and said in surprise: "Look at this situation, it won't open directly below 2,000 points, right?" ”

"Probably not." Su Yu replied, "Around 2000 points, it will definitely resist, here...... After all, it is the psychological support threshold for many long investors in and out of the market, and furthermore, the GEM refers to the 1000-point mark, which is closer than the Shanghai Index to 2000 points, and the 1000-point support line of the GEM index is in front, and the Shanghai Index is not so easy to directly break through 2000 points. ”

As he spoke, the clock quickly passed 9:16, 9:17, and 9:18.

Then, we quickly entered the real call auction time period from 9:20 to 9:25.

As the time moved forward minute by minute, second by second, the fierceness of the call auction between the two cities became more and more intense, and finally when the time was fixed at 9:25, the Shanghai Composite Index finally fell by 2.81% at 2015.06 points, and the ChiNext Index fell by 2.37% at 1002.87 points.

As for the industry sector and the concept sector, there is still no red plate.

Among them, the 'big finance' sector and the 'Internet finance' sector are among the top decliners, and several local commercial bank stocks are approaching the fall limit, and Internet finance concept stocks such as Shanghai Ganglian, Tianyu Information, and Yinjie Shares are also almost approaching the fall limit, which is extremely tragic.

However, despite the opening results of the two markets, it is extremely unsatisfactory.

The index still held the most critical support level, retaining the last trace of hope and sentiment to go long.

"Sure enough, it was still on top of the support position." Seeing the final opening results, Li Meng smiled and sighed, "Looking at the support of the Shanghai Index 2000 points and the ChiNext Index 1000 points, it is still quite strong...... A lot of funds, should grab the rebound, right? ”

As she spoke, she looked at Su Yu.

I would like to know what he thinks, and if you can buy at the bottom here.

"A short rebound, there should be." Su Yu said, "But with the current capital situation and the pessimistic risk aversion of the market, if you want to fully undertake the panic selling here and the passive reduction of chips by many major institutions, the hope is still very slim, so ...... Let's look at the situation in the market first, don't rush to open a position. ”

Li Meng heard Su Yu's words and nodded slightly.

Then, after a short wait, at 9:30, it came quickly, and the two cities officially began bidding transactions.