Fang Hong saw that the management has consciously prevented and resolved the potential risks of the stock market, but he also knows that the most difficult thing in the world to break is often the law, and the intentional suppression will rise more violently.

Just three hours after today's closing, Qunxing Capital issued a shareholding reduction announcement, which caused a lot of shock in the capital market.

According to the announcement, Qunxing Capital will reduce its holdings of its listed subsidiaries in the secondary market by no more than 0.8% of the total share capital from the date of the announcement to the next 15 trading days after the next 15 trading days.

The targets on the list are all early listed subsidiaries of the galaxy, which have passed the restricted sale period.

Qunxing Capital's response to the announcement of this shareholding reduction is that the normal internal strategic adjustment and equity structure optimization of the parent company have not changed the fundamentals of the reduced company.

In short, this is a normal internal adjustment, not a runaway, and you should not read too much into it.

However, the disclosure of this shareholding reduction announcement still gave a lot of impact to the capital market, because this is the first time that Qunxing Capital has reduced its holdings of its own listed subsidiaries, although the announcement said that it is its own strategic adjustment and the optimization of the equity structure, but for the stock holders of these listed companies, it is inevitable to guess whether there is something wrong.

It stands to reason that Qunxing Capital is not short of money, so why bother to reduce its holdings and cash out from the secondary market?

The matter of vacating the position of the 2 trillion funds for the wealth fund naturally cannot be said publicly, and the tickets for the galaxies that really say it will have to skyrocket, and they can't get on the bus at all, let alone pick up people in reverse.

Secondly, the management already has the idea of curbing the overheating of the stock market, and Fang Hong will naturally not jump out to sing the opposite tone at this time.

Although the announcement of Qunxing Capital's reduction has caused a lot of discussion and speculation in the capital market, investors from all walks of life in the market have not caused panic, because the 0.8% reduction ratio is really not much, not even 1 percentage point, and it will not be reduced until 15 trading days later, which is to run away and let retail investors decide whether to run 15 days in advance.

Originally, there was no panic, but at this juncture, the emergence of another event made the market panic.

On Saturday morning, it was reported that Zhongxin had significantly reduced its shareholding in the company to 3.16%, and investors could not calm down.

The front foot Qunxing Capital has just announced a reduction announcement, and the back foot Zhongxin has also reduced its holdings, and it has reduced its holdings so much.

That's too much of a coincidence, isn't it?

Something, absolutely something!

Something big must have happened.

Soon, more blockbuster news came out, causing a huge panic in the capital market for a while.

At the press conference held, the spokesman of the village head said: a two-week on-site inspection of the financing business of 45 securities companies, and the overall operation of the margin and securities lending business of securities companies was stable, but rectification requirements were put forward for the problems existing in the margin and securities lending business of 12 brokerages, and it was emphasized that margin financing and securities lending should not be provided to customers with securities assets of less than 500,000 yuan.

In addition, the regulators on the bank side have also taken action to solicit opinions on entrusted loans from commercial banks, with the intention of prohibiting funds from flowing into the stock market through off-balance sheet businesses such as entrusted loans.

Whether it is the management's rectification of 12 brokerage institutions or the actions of the banks, it is seen as a signal that the regulator wants to reduce the inflow of funds into the stock market, which is undoubtedly a major negative.

As the financing business is one of the core driving forces of this round of bull market, the constraints of the two financial services will put pressure on the market capital, and at the same time, it will also be negative for brokerage stocks.

In addition, the announcement of Qunxing Capital to reduce its holdings at this time was also interpreted by the market as bearish, which made everyone feel more and more unusual.

What's more critical is that Zhongxin's precise reduction and running away is interpreted by the market as an important signal of bearish outlook, coupled with the short-term rise of this round of bull market, there are many early profits, and many investors have a high leverage ratio, which is originally very sensitive to the wind and grass of the market.

……

As the weekend and weekend passed, the time came to Monday, January 19.

At 9:25 a.m., as soon as the call auction ended, the two A-share markets were wailing, and the Shanghai Composite Index opened with an opening price of 3189.73 points at the auction stage with a downward gap of -5.53%, which was really a tragic opening price.

This gap directly penetrates the 3300 and 3200 integer mark.

The most tragic is the big financial sector, the three fools of finance are directly collective "sudden death" posture today, the brokerage sector bidding stage will be a word down limit, this is not a certain brokerage stock word down limit, but the entire industry sector word down limit; The insurance sector opened at -9.39%, which is not much different from the falling limit; The banking sector was also miserable, with the banking index opening at -7.60%.

Other sectors are not much better, and the concept stocks of the galaxy have also collectively opened sharply lower, and those companies that have been named to reduce their holdings such as Weibo, Ruihe Pharmaceutical, ATL Technology, etc. are also in a panic.

Under the huge panic, the two cities of Big A have already shown a stampede situation in the call bidding stage.

At 9:30 a.m., the Shanghai Composite Index opened low and rushed higher, with funds in self-rescue, the brokerage sector with a falling limit had funds rocking, the insurance sector also rose rapidly, and banks were also rebounding.

When the main board index was wailing all over the field, the ChiNext index was fierce today, not only taking the lead in turning red and rising, but also pushing the increase to 3 percentage points, rushing to 1691.14 points, and even hitting a record high today.

This wave of kills is the large-cap blue-chip heavyweight stocks led by big finance, and the GEM index has escaped a catastrophe, and it is also the main board that skyrocketed some time ago, and many people have run to the GEM to avoid risks.

At the same time, with the Shanghai Composite Index soaring, the decline narrowed to within -3.50%, and the highest rushed to 3262 points, but unfortunately the good times did not last long, only rebounded for half an hour, and began to slide after 10 o'clock, and slid all the way to the abyss without even a decent rebound.

Under the explosion of the main board index, the panic exploded, the stampede escape intensified, and the ChiNext index, which had just come out of the record high, could not bear it, and began to fall sharply and turn green again.

In the afternoon, the three financial fools directly lay down completely.

The banking sector is all down to the limit!

The insurance sector is all down and down!

Brokerage sector, all down limit!

Not only is the financial three stupid plates falling across the board, but in the situation where the entire market is fully trampled, the galaxy concept stocks next door are not immune, because Fang Hong did not come out at this time to order the market to let the market deduce by itself.

As a result, 18 listed galaxy concept stocks fell by more than 9% across the board, and several companies such as ATL Technology, Weibo, and Ruihe Pharmaceutical were pressed to the ground, and quantitative capital was also hit by the limit.

These tickets of the galaxy are all 100 billion-level super-large cap stocks, and it is no exaggeration to say that one drop limit is worth the fall limit of dozens of other small and medium-cap stocks.

Hundreds of stocks in the two cities fell to the limit, and in the last half hour of the late afternoon, the market was still further falling, and the Shanghai Composite Index market was all the way through, with the largest decline to -8.33%, the largest one-day decline in six and a half years.

……

(End of chapter)