Wang Dongming knew from Zhang Jinqiao's words that Sun Jian made a decision before acting, and never acted on impulse. Once he made a decision, he would never back down. Within two weeks, his futures account had gained another 60 million Hong Kong dollars, and he was ready to buy Hang Seng Index futures contracts in large quantities.
"We also buy all blue chip stocks and follow Mr. Sun to go long!"
Wang Dongming had a flash of inspiration and the opportunity was right in front of him.
Due to a profit of 10% in the first month, not only the profit was lost in the second month, but also a loss of 5%. The available funds in the account were only 2.85 million Hong Kong dollars.
Gong Chao, Guo Jingdong, Huang Weida, Chen Huamin, Zhao Yuda and Zheng Xin stood nearby, excited. When everyone was panicking, Mr. Sun took action!
He bought the October Hang Seng Index futures contract worth 50 million Hong Kong dollars in one go, and increased the leverage by ten times. This kind of courage and courage can only be possessed by Mr. Sun, who is wealthy.
Huang Wenhui, manager of the Apliu Street Sales Department of HSBC Securities, was also shocked when he heard the news. In half a month, the Hang Seng Index plummeted by nearly 40%. The Hang Seng Index soared nearly twice from 1987 to 1989, accumulating a large amount of profits. The market risks caused by the mainland riots have been fully released.
A sharp rise must lead to a sharp fall, and a sharp fall must lead to a sharp rise!
Although most investors understand this truth, who dares to buy and go long today? What point is the bottom?
Although after the market closed on Monday, the Financial Secretary of Hong Kong, Bank of China, HSBC, Standard Chartered Bank and the top ten consortiums announced a joint effort to rescue the market. However, on Tuesday, the Hang Seng Index opened higher and moved lower, hitting a low of 2,000 points and closing down by 2%. Fifteen o'clock.
Investors are in a wait-and-see mode, waiting for big funds to enter the market first.
Huang Wenhui has investigated through the Asset Security Department of HSBC and found out that Xiangjiang Shuguang Trade and Investment Company was a trade and investment company established by Pengcheng Shuguang Communication Technology Company to export Shuguang brand telephones and Kunpeng software. In more than half a month, Shuguang brand Chinese pagers have been It is popular in the mainland market. It is said that wealthy people in Pengcheng want to buy one. The market has been sold out and requires reservations half a month in advance.
People from Xiangjiang who do business in Pengcheng have also made reservations. Mobile phone charges in mainland China are too expensive.
It is only a matter of time before Shuguang brand Chinese pagers enter the Hong Kong market.
Kunpeng Software Company is well-known in the software industry. Kunpeng computer operating system accounts for 80% of the mainland market. It has already entered the Hong Kong software market. The 386 computers in the sales department use Peng OS2.0.
Through computer transaction data, Huang Wenhui checked the names and amounts of stocks bought and sold by the team of Wang Dongming, a Ph.D. in finance studying in the United States, for one and a half months. The other party only bought and sold blue chip stocks. In the first month, it only used a maximum of 2 million Hong Kong dollars, no leverage, steady investment, and limited investment. Well, I made 200,000 Hong Kong dollars in one month, which was five points higher than the market index. I am worthy of being a professional investor! This month, 3.2 million Hong Kong dollars were used, but within half a month, not only the profit was lost, but also a loss of 150,000 yuan, so the loss was stopped in time.
Although there is little investment experience, risk control is strict.
Another 60 million Hong Kong dollars were transferred into the other party's futures account in batches within two weeks. Huang Wenhui had a hunch that the other party was also waiting for the opportunity to enter the market!
The announcement by the Financial Secretary of Hong Kong to rescue the market is a rare opportunity to enter the market!
Today, I suddenly spent 50 million Hong Kong dollars to buy the October contract of Hang Seng Index futures, and also increased the leverage by ten times. This is not the trading method of Wang Dongming's team.
There are experts behind Wang Dongming’s team!
Xiangjiang Shuguang Trading and Investment Company still has a margin of 25 million Hong Kong dollars in its futures account and 4.85 million Hong Kong dollars in its stock account. There is no desperate attempt.
A massive amount of HK$550 million entered the market. Although it was nothing in the futures market before the crisis, it is a large sum of money now that people are distracted and bulls are at an obvious disadvantage. Within ten minutes, short institutions placed orders All short orders for the October contract were wiped out, causing Hang Seng Index futures to surge by 1.5%.
The eyes of bullish investors who have lost confidence are bright!
Short selling for the October contract surged out, and the market turned from green to red.
The Hong Kong Stock Exchange immediately checked the Apliu Street Sales Department of HSBC Securities by phone and computer, and found the little-known Xiangjiang Shuguang Trading and Investment Company. This trading and investment company, which has been on the market for less than two months, is funded by mainland China!
Mainland funds are taking action!
The mainland also does not want to see Hong Kong's financial market and real estate market plummet. Rich people have sold off their real estate and stocks and left Hong Kong. The public sentiment is unstable, which is detrimental to the smooth return of 1997.
The Financial Secretary instructed the Exchange Fund with HK$2 billion to enter the market, buy blue chip stocks, and go long stock index futures contracts. All the short orders sold were eaten up. The market turned from red to green, and the Hang Seng Index soared by 2%.
Bank of China, HSBC, Standard Chartered Bank and the top ten financial groups saw the Financial Secretary buying blue-chip stocks and going long on Hang Seng Index futures. They also bought blue-chip stocks and went long on Hang Seng Index futures contracts. The Hang Seng Index soared by more than 160 points.
When the institutional investors and retail investors who were on the sidelines saw the Hang Seng Index soaring by 7%, they started buying blue chip stocks and went long on the Hang Seng Index futures contracts. By the midday closing, the Hang Seng Index had risen by 205 points. The short-selling institutions were defeated and started buying stocks. I went long on the backhand. By the close, the Hang Seng Index had risen by 230 points, and the Hang Seng Index futures soared by 11.5%.
There are several short-selling institutions with heavy positions. The securities companies that opened the accounts require that the margin be paid before the market opens in the afternoon, otherwise the positions will be forcibly liquidated.
At noon, the news that mainland funds entered the market to protect the market was confirmed. The market opened in the afternoon, and buying orders filled in at noon poured in. Within ten minutes, the Hang Seng Index rose by more than 300 points, and the Hang Seng Index futures soared by 15%.
According to market rumors, four short-selling institutions with heavy positions were forcibly liquidated by the securities companies that opened their accounts because they failed to replenish their margins in time.
Market confidence surges!
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Sun Jian returned home from Jiangcheng Stadium. It was already eight o'clock in the evening. He got today's Hang Seng Index and Hang Seng Index futures analysis report written by Gong Chao from the fax machine and breathed a long sigh of relief.
History develops according to its inherent trajectory, and the butterfly effect is not yet obvious.
The Hang Seng Index soared 288 points, and Hang Seng Index futures soared 14.4%!
Although Sun Jian was an old stock investor with more than 30 years of experience in the stock market in his previous life, he did not have time to speculate in futures or open a futures trading account. He knew the basic trading rules and trading methods of futures. The stock index futures index has a guiding role in domestic stock market investment. Before my first investment, I would habitually browse the A50 Index, FTSE Singapore Straits Index and Hang Seng Index. Before my rebirth, I once looked up the historical trend chart of the Hang Seng Index on the Internet and read a review article on investing in Hang Seng Index futures. vivid memory.
In 1987, global stock markets plummeted. The Hang Seng Index fell from more than 3,900 points to more than 1,800 points, a drop of more than half. However, in less than two years, it soared to more than 3,600 points, a doubling of its value; After the **, the Hang Seng Index fell to a low of 2,000 points, a drop of 40% in two weeks.
