Chapter 92 Technical Adjustments

The Hong Kong government has used almost all of its available foreign exchange reserves, eaten them all, and held on to them all, with an average of HK$500 million worth of shares changing hands every minute.

On weekdays, the daily turnover of the Xiangjiang stock market is only three or four billion.

Today, it rose to more than 7 billion in just five minutes after the opening of the market.

It's not amazing.

....

"Sell!"

"Sell another 80,000 lots!"

On the trading floor, the crowd began to be noisy.

A number of financial institutions in the market began to instruct traders to smash the market.

They are in Henderson Land, South China Morning Post, Hopewell Industries, Wharf Group.... A number of blue-chip stocks were frantically selling, constantly pushing down the stock price.

With their strong combination, in just one hour, the Hang Seng Index was smashed through 7,500 points!

The turnover is as high as 70 billion!

The moment the Hang Seng Index fell below, countless panic orders poured out of the market, exacerbating the decline of the Hang Seng Index.

Restaurant, tea house, in front of TV.... Countless Xiangjiang citizens exclaimed!

"Can't the Hong Kong government hold it?"

"It's over!"

"Hurry up and throw it, it's too late to run....."

Meanwhile.

Inside the Hong Kong Monetary Authority.

Countless traders looked nervous, constantly tapping on the keyboard to buy operations, and many of them were soaked in sweat on their foreheads and did not even dare to wipe them.

There is also no time to rub.

Because there are more than a million futures contracts expiring on the same day.

With the blessing of leverage, every jump of the Hang Seng Index means a battle of tens of billions of Hong Kong dollars.

Countless people liquidated their positions, or won huge profits.

Traders, there is simply no respite.

"Hurry up and pull the index back!"

Liang Zhaomin saw that the Hang Seng Index was smashed through 7,500 points, and walked around in a hurry.

The financial institutions in Xiangjiang are basically all foreign-funded and have complex compositions, and none of them are reliable, and they do not hesitate to act as pawns and death squads for the sake of a little profit.

National disaster is at the head!

There is no big picture.

They frantically plundered the hard-earned money of the people of Hong Kong, without any shame, let alone guilt.

There are even many people who are simply white-eyed wolves with yellow skin!

"Director Leung, we have notified all 18 Chinese-funded institutions in Hong Kong to enter the market immediately! Full support for the disc protection operation! The vice president of Huaxia Bank put down the phone and hurriedly said to Liang Zhaomin.

"Thanks! Thank you so much! ”

....

Almost at the same time.

Antlers Building, trading room.

More than two dozen traders, sitting in front of their computers, are frantically buying futures contracts.

"Below 7500 points, as many as you want!"

"Buy as much as you can!"

"Hurry up!"

Lin Hai, the director of the risk control department, served as the commander of this ring plan.

Mainly because Feng Yiwen got the opportunity to go to the Stock Exchange, which caused him to be "ordered by Chen Weidong".

Because their bids were higher than the market price, they were matched almost as soon as they were put out.

In just a few minutes, they have bought more than 600,000 contracts and spent almost HK$15 billion.

Futures is a counterparty transaction, a short order must correspond to a long order, and it is impossible to have more short orders than long orders.

There are as many long orders as there are short orders.

The top 20 seats will be announced by the futures exchange within 1 hour of the close of the day.

This is also the reason why traders in the infinity private sale did not buy in advance.

Morning: 11:35.

There is less than half an hour left before the morning market closes.

Stock Exchange, inside the trading floor.

Chen Jie brought a cup of coffee, and watching the index continue to fall, his heart did not fluctuate.

"Brother Chen, why don't you buy it?" Huo Wenming couldn't help but be surprised when he saw that Chen Jie was still in the mood to drink coffee.

The traders of Infinity Private Equity are all sitting in their positions, only knowing how to look at the display screen, and there is no intention of making a move.

"We just bought a billion, and all of them were trapped." Chen Jie's face was depressed, like a defeated rooster.

"Hehe, we have made some money just now, if you had listened to me earlier, we would have made a fortune a long time ago." While Huo Wenming showed off, he did not forget to pretend to advise.

The Hang Seng Index was suppressed by many of their institutions and soon fell to around 7,450 points, and the index is still slowly declining due to increased market panic.

"Unprecedentedly powerful", that's what was used to describe them.

Chen Jie sighed and didn't reply.

Ah Wei called and said that he would not make a move all morning, what could he do.

The only 1 billion positions were held at his strong request, and Feng Yiwen reluctantly agreed to "buy a little to try his hand".

In the current situation, he does not dare to command an outsider.

There is still self-knowledge of this.

He raised his coffee cup and took several sips in a row, shaking his head from side to side from time to time.

This abrupt move was quickly captured by the camera.

Seven or eight reporters heard the wind and hurriedly came over, and the microphone was stuffed directly in front of him.

Everyone in the venue is busy trading and has no time to be interviewed, and now it's hard to catch an idler, or Chen Jie, how can he let go?

A reporter from TVB asked: "Mr. Chen, the Hang Seng Index has fallen below 7,500 points, how many stocks have you bought?" ”

Facing the camera, Chen Jie put down the cup and said with a little weakness: "Our company has bought a billion amount of stocks. ”

Another reporter immediately asked: "Mr. Chen, didn't you say that you want to fully support the Hong Kong government to save the market?" Why only buy a billion? ”

"Is it because you are not optimistic about the market that you decided to temporarily retreat?"

"Is Infinity Private Equity Short Selling the Hang Seng Index?"

Faced with the reporter's not very friendly quality Sanlian, Chen Jie frowned and said: "Of course we have to fully support the Hong Kong government, now the stock market is just a technical adjustment, and it will rebound soon, in addition, our company will only go long, not short, you don't listen to the wind is the rain....."

The live interviews in the Stock Exchange were directly transmitted to the TV screens of countless Hong Kong citizens through signals.

Through Chen Jie's speech, many people have a lot of discussions.

Most people think that he is cowardly, he must not be optimistic about the market, otherwise he would not only buy a billion.

You must know that any previous bailout of Infinity Private Equity started with billions of funds, and now it is only so much, and the conclusion is self-evident.

As for the technical adjustments that Chen Jie said, no one believes it.

As soon as the news came out.

Countless investors have sold off, exacerbating the decline in the stock market.

7442.

7429.

7411.

....

In the blink of an eye, the Hang Seng Index is about to fall below 7,400 points.

Many people in the Stock Exchange covered their stomachs and laughed, and even gave a thumbs up and "praised" Chen Jie.

"Brother Chen, well done!"

"Boy, good job, just say a few more words."

"Offspring, Serre!"

.....

Chen Jie stared at the rapidly falling Hang Seng Index, and his jaw was about to fall to the ground.

A voice swirled in his head: "When the enemy praises you, you probably did something stupid." ”