The board is just starting to beat.

After the mood was brewing, the sharp increase in panic selling poured out again, suppressing the two markets to continue to decline.

At 1:02, the Shanghai Composite Index fell further to more than 2.5%, and at the same time, in the morning market, the main line areas such as "big consumption", "medicine", "non-ferrous cycle", "petrochemical", "mobile Internet", and "smart phone industry chain" that once showed more resistance to the decline also began to increase rapidly.

At 1:10, the Shanghai Composite Index fell to around 2.80%, and at this time, the A50 Index's intraday decline has expanded to more than 3.5%.

At the same time, the two major weighted sectors of banking and insurance fell by 3% during the day.

The intraday decline in the securities and Internet finance sectors has reached about 5%, and the total number of stocks in the two major sectors has exceeded 7.

And at this time, a number of industry sectors in the two cities.

Only the two major industry sectors of 'automobiles' and 'food and beverage' can still maintain a red plate status.

The rest of the industry sectors have all fallen underwater.

As for the conceptual theme plates in the two cities, only the three major concept plates of white goods, retail, and automobiles maintained a slight red plate state, and all the rest showed a significant downward trend.

Among them, Internet finance, sub-IPO stocks, and military-related concept sectors led the decline in the two cities, and they fell by more than 4.5%.

At 1:15, the Shanghai Composite Index fell close to the 3% mark.

At 1:20, the A50 index fell nearly 4% in the day, and at the same time, the Shenzhen Index, the ChiNext Index, and the Small and Medium-sized Board Index also expanded to a range of 2.5% to 2.8%.

At 1:30, the intraday turnover of 'CEFC Securities' reached the 11 billion mark, which was smaller than yesterday's, but the decline in the disk was further expanded to 5.32% under such a volume trend.

At the same time, the decline of 'Huaguo Construction' expanded to 5%.

The stock price of 'Huagong International' has begun to hit the lower limit.

Even the two major weighted stocks of 'Huaguo North Railway and Huaguo South Railway' have also expanded to about 5% at this moment.

The entire main line of 'big finance', 'big infrastructure' and 'military industry' has all plummeted and been continuously sold by the sky.

Of course, the 'sub-IPO' sector and the 'film and television media' sector are not much better.

After the big demon stocks of both 'Huake Sugon' and 'Bluestone Heavy Equipment' have continued to fall to the limit, in the field of the new stock sector, there have been 5 stocks in the near end of the new stocks.

'Film and television media' sector.

At this moment, 'Huace Film and Television', 'Ciwen Media', and 'Yanjing Culture'...... and many other stocks that were speculated by funds in the early stage, and at this moment they have also expanded the decline to more than 5%, among them, 'LETV' has crashed all the way to a 7% decline.

If it were not for the support of the two major concepts of 'mobile Internet' and 'smartphone industry chain'.

At this moment, the decline of the GEM index and the small and medium-sized board index is estimated to have caught up with the Shanghai Index.

At 1:40, the Shanghai Composite Index fell to the 3% mark, and the A50 Index, the intraday decline at this moment, has expanded to 4.5%.

At 1:45, the intraday decline of the securities sector began to stabilize around the 5.5% decline, but the main areas such as 'big consumption', 'medicine', 'mobile Internet', and 'smart phone industry chain', a number of concept stocks and core component stocks, at this time, began to dive.

At 1:50, all industry sectors and concept plates in the two cities turned green, and none of them were red.

At 2 o'clock in the afternoon, the Shanghai Composite Index fell to 3.17%, the panic selling situation of the two cities, is still further improving, and the two cities began to form a unilateral plunge of the situation, all the main lines, whether popular or unpopular, the active undertaking of capital groups within the plate, are rapidly declining.

At 2:15, the Shanghai Composite Index fell rapidly to more than 3.5%, losing 3,700 points.

At the same time, the A50 index fell nearly 5% during the day.

In the whole main line of "big finance", the two major indices of the securities sector and the Internet finance concept sector have fallen by about 5.5% in the day, and within the two major sectors, they have been hyped by various funds before, and several leading stocks that belong to the core stocks of the "Yuhang system" have been closed at this moment, and the tragic situation is self-evident.

As for the two major weighted sectors of banking and insurance.

The decline of these two major industry sector indices at the moment has also expanded to around 3.5%.

Among them, the stocks of the four major banks, such as 'Huashang Bank, Huaguo Bank, Huanong Bank, and Huajian Bank', are still relatively stable, hovering in the intraday decline range of 2.5% to 3%, while bank stocks of the second echelon, such as 'Industrial Bank, Shanghai Pudong Development Bank, Yuhang Bank, Ping An Bank, Minsheng Bank, ......', etc., have expanded to around 4% of the market at the moment, which is weaker than the Shanghai Index.

Moreover, in the whole main line of 'big finance' is a unilateral plunge almost all day.

The buying and selling of the main funds in this core main line area also showed a large net outflow.

This has not yet closed, and the total net outflow of main funds in the four core sectors of the entire 'big finance' has reached a terrifying amount of 8 billion.

This illustrates that a large number of main funds, in the large-scale take-profit and liquidation of individual stock chips in the main line field.

Of course, except for the core theme of 'big finance'.

At this moment, the two core main lines of 'large infrastructure' and 'military industry' are no better.

In the main line of the entire 'big infrastructure'.

The core indices of the core industries of 'building decoration, building materials, steel, commercial real estate development, public transportation, and non-public transportation' all fell by more than 3.5% during the day, all of which were weaker than the performance of the Shanghai Composite Index and all underperformed the broader market index.

and the three major industry sector indices of building decoration, building materials, and non-public transportation.

The intraday decline has plummeted to more than 4.5% at the moment.

Among them, a large number of related popular stocks, such as 'Yingkou Port, Beijiang Jiaotong Construction, Shibei High-tech, Huagong International, Huaguo Metallurgical, Bayi Iron and Steel, Huaxin Cement, Shanghai Construction Engineering ......', a large number of popular stocks, have been closed to the limit, and the number of stocks in the entire main line field has exceeded 20.

Of course, most of them are stocks that have been bought by the main capital of the 'Yuhang Department'.

And, in addition to a number of related concept stocks with a falling limit.

In the entire main line of 'big infrastructure', the total trading of main funds has also shown a large net outflow, and the total net outflow in the day has reached a scale of 5.5 billion at this moment.

Coupled with the net outflow of the main capital in the main line of the entire 'military industry'.

The total net outflow of the main capital in the three core main areas of 'big finance', 'big infrastructure' and 'military industry' has exceeded 15 billion.

With such a huge net outflow of main funds, how can the corresponding sector indices and individual stock prices not fall?

"Alas, the Shanghai Composite Index is at 3700 points, and it has not been able to hold it today." At about 2:20 a.m., in the trading room of the main fund of 'Yinghui No. 1', Yu Lei, the head of the fund trading team, looked at the market trend of the two markets, which had plummeted in an all-round way and even unilaterally, and sighed helplessly, saying, "The entire core main line of 'big finance', 'big infrastructure' and 'military industry' has been sold off by the main capital group, and this trend is ...... It's tragic. ”

Next to Yu Lei, Liu Guanhai, the fund manager who was also staring at the big screen of the trading room, responded: "This is an avalanche caused by the comprehensive reduction of the main funds of the 'Yu Hang system', and in today's market, all the stocks that have been held by the 'Yu Hang system' have been frantically sold and killed by the main funds from all walks of life. ”

"yes!" Yu Lei continued to sigh with emotion and said, "Fortunately, we immediately changed our trading strategy yesterday and carried out a large-scale position reduction operation, otherwise...... With the current market trend, the net value of our fund products will not be easy. ”

"It's also better that the scale of the fund products we currently manage is not very large." Liu Guanhai smiled, "It's good to turn around, if it is a large fund product with a scale of more than 10 billion, if you haven't made a corresponding position reduction and take-profit trading strategy in advance, I'm afraid it will be difficult to exit safely." ”

Yu Lei nodded and said: "Therefore, at this moment, the big funds and large institutions that are still gathered on a large scale in the two core main lines of 'big finance' and 'big infrastructure' are afraid that they will hate the core main institutions of the 'Yuhang Department' at this moment. So that all kinds of funds can exit the market safely.

But ......"

Yu Lei paused, and said: "I'm thinking, the core main institution of the 'Yuhang Department', according to the scale of everyone's position in the main line of 'big finance' and 'big infrastructure', this main fund is at least holding 200 billion 'big finance' and 'big infrastructure' main line chips."

With such a huge volume of holdings, they are so unscrupulous to sell on the Dragon and Tiger list.

Doesn't it also harm their own interests?

We all know that the trading seats related to the 'Yu Hang system' have a huge impact on the overall investment sentiment and speculation of the market.

Isn't their public selling more likely to attract a large number of capital groups in the market to follow the trend and sell, which is equivalent to lifting a stone and shooting themselves in the foot?

Everyone is following the trend and selling at the price.

It is estimated that they themselves will not have a good price, and they will have plenty of time and space to calmly reduce their positions! ”

Liu Guanhai heard the question in Yu Lei's heart, pondered for a while, and said: "With my understanding of the 'Yuhang Department', President Su, since he dares to expose his seat to the list of dragons and tigers in the two cities so publicly, let the funds and investor groups in the whole market know that he has reduced his position on a large scale in the main line of 'big finance' and 'big infrastructure'.

That can only prove one thing.

That is, the main capital group of the 'Yuhang Department' has completed the corresponding trading strategy and completed the safe exit of a large number of holding chips before its own trading seats are listed on a large scale in the two cities. ”

"Impossible, right?" Yu Lei said, "That's more than 200 billion chips, if it is really before the trading seat is on the Dragon and Tiger list to sell, it has left the market safely, then the main capital of this 'Yuhang system' must not start to reduce positions and take profits half a month in advance?"

Half a month ahead of ......"

Yu Lei thought about it, and at that time, the market was the time for a comprehensive breakthrough.

It is when everyone's mood is concentrated and bullish, shouting that the Shanghai Composite Index will be 4,000 points or even 4,500 points at the end of the year.

"Nothing is impossible." Liu Guanhai said, "With my understanding of this 'Yuhang Department' President Su, this is definitely a high probability thing." ”

"If that's the case...... Yu Lei said, "then this Mr. Su is too terrible." ”

Liu Guanhai said: "Is it true, wait for a while, the main fund products related to the 'Yuhang system' will be known when the net value is announced." ”

While the two were talking, the Shanghai Composite Index continued to fall sharply.

At the same time, the A50 index, at the moment, has expanded to more than 5%.

In the two cities, the main line areas of 'big finance', 'big infrastructure', 'military industry', 'new stocks', and 'film and television media' gathered by the major major capital groups in the early stage have been completely abandoned by the main funds, and the decline of the corresponding concept plate and industry sector index is expanding, and the corresponding core stocks and weight stocks are also expanding.

At the same time, it was next door to the 'Profit Exchange No. 1' fund product.

In the Trader's Room of the 'Profit Yield No. 2' fund product.

As the fund manager of the 'Yinghui No. 2' fund product, Shao Xiaoyun stared at the changes in the two markets, and his brows were already deeply wrinkled.

Although he wanted to further concentrate his positions in the two core main areas of 'big finance' and 'big infrastructure', he had to give up under the persuasion of Liu Changling, the head of the trading team, but the core positions of their fund products were still in the two main areas of 'big finance' and 'big infrastructure', and they did not have time to withdraw from the whole line.

At this moment, there has been a sharp drawdown in the net value, which can be described as a heavy loss.

"Alas......" wants to withdraw the net value of the fund sharply, and the performance results that have fallen out of the top 100 of the annual net value list of private equity fund products in the industry, Shao Xiaoyun sighed helplessly and said, "The market influence of the main institution of the 'Yuhang Department' is really terrifying, but just an act of reducing positions and taking profits has smashed the Shanghai Index below 3,700 points, making the entire 'big finance' and 'big infrastructure' main line areas form a panic selling situation." ”

Hearing Shao Xiaoyun's helpless emotional voice, Liu Changling, as the leader of the trading team, looked quite calm, and responded: "The 'Yuhang Department' is an institution, with its past historical trading records, and every time it has stepped on the node of market changes, such an undefeated record, the market influence must be terrifying."

This time, the 'Yu Hang system' was openly sold on a large scale on the Dragon and Tiger list.

That is undoubtedly to remind the capital groups gathered in the main line of 'big finance' and 'big infrastructure' in the whole market, including institutions, floating capital, and retail investors, to reduce their positions on a large scale and take profits, and remind these funds to flee from these two core main areas, so as not to trample on each other.

At present......

No matter what kind of psychology and motivation the main capital of the 'Yuhang Department' has, is it completely unoptimistic about the two main lines of 'big finance' and 'big infrastructure'.

No matter what the reason is, since the two core main lines of 'big finance' and 'big infrastructure'.

Now a certain stampede has been formed.

What we can do is to escape as soon as possible, and quickly reduce positions in a comprehensive manner. ”

"yes!" Shao Xiaoyun nodded, "At this time, it is meaningless to think about the past, continue to sell, take advantage of the liquidity of the two core main lines of 'big finance' and 'big infrastructure' is still very abundant, sell chips on a large scale, and withdraw as quickly as possible to ensure our early profits."

Liu Changling nodded, and without waiting for Shao Xiaoyun to continue to command, he immediately ordered the traders behind him.

Large-scale, regardless of the cost, sell chips in the main line areas of 'big finance' and 'big infrastructure'.

And at the same time.

There are also countless institutional groups, large investors, and retail investor groups that have made the same operation strategy and the same large-scale position reduction and profit-taking strategy with them.

And in these various capital groups, under the influence of the large-scale reduction and profit-taking of the main institution of the 'Yuhang Department'.

When they are rapidly fleeing from the main line of 'big finance' and 'big infrastructure'.

With the passage of time for subsequent transactions.

The comparison between active buying and active selling in the core main areas of 'big finance', 'big infrastructure', 'military industry', 'sub-IPO', and 'film and television media' in the market is also becoming more and more unbalanced.

And this state of complete imbalance has developed all the way......

As a result, the market began to form a complete unilateral plunge in the late stage after 2:30, and also caused the core main line areas of 'big finance', 'big infrastructure', 'military industry', 'new stocks', and 'film and television media'. (End of chapter)