"Hello, Chief!"
Sun Jian received a call from Leader Zhu and was led by his secretary to the office.
"Sun Jian, sit down!"
"Thanks!"
The secretary prepared tea, closed the door, and left.
"Congratulations to Sun Jian, bsec has successfully developed a 1um photolithography machine!"
Leader Zhu was smiling.
"Chief, although bsec can produce lithography machines with 6-inch wafers and 1um process technology, it will take at least a year of hard work before it is possible to successfully produce a semiconductor production line with 6-inch wafers and 1um process technology, but I predict After foreign photolithography companies know about it, they will definitely significantly reduce the number of photolithography machines for 6-inch wafers and 1um process technology. bsec still lacks competitiveness."
"In the future, state-owned wafer factories will give priority to purchasing 6-inch wafers and 1um process lithography machines produced by bsec under the same conditions."
"Thank you, chief!"
What Sun Jian wants to hear most is this sentence. The market is sometimes more important than technology.
Without the policy support of the country, no matter how much money the reborn people invest, bseikon and gca.
"Sun Jian, is Taobao Holdings' financial company involved in the 3** country's hype this time?"
Leader Zhu suddenly looked serious.
"Chief, the financial company of Taobao Holdings has not opened a futures account in China, and is not yet qualified to participate in the trading of national futures."
As Taobao Holdings controls or participates in a number of foreign listed companies, it has established a financial company, opened stock accounts on the Shanghai and Peng Stock Exchanges, the Hong Kong Stock Exchange, Dow Jones and Nasdaq exchanges, and participated in the trading of stocks listed on the five exchanges. .
On behalf of Taobao Holdings (finance company), Sun Jian signed a listed company management agreement with Wang Dongming (htic) and Yu Jianguo (atic), entrusting htic and atic to manage the stock business and stock investments of multiple listed companies.
Shanghai htic Investment Consulting Company and Pengcheng htic Investment Consulting Company, established at the end of last year, are not yet qualified to invest in domestic stocks and futures.
On February 23, the delivery day of 3** Country Z futures, futures shorts led by Wanguo and Liao Guofa and futures longs led by China Economic Development Co., Ltd. started a final fight on 3** Country Z futures.
The margin ratio for futures trading on the Shanghai Stock Exchange is 2.5%, which is equivalent to allowing 40 times leverage, overdrafts, and short buying and selling.
Before the opening of the market on the 23rd, China Economic Times had learned that the Ministry of Finance had increased the 3** national value preservation subsidy rate, and it would be paid at 148.5 yuan, which will be announced tomorrow.
148.5 yuan is the profit and loss line for both long and short parties!
China Economics, who knew the trump card, led the long institutions to launch a strong attack on the short sellers as soon as the market opened. They successively used long orders of 800,000, 1.2 million, and 1 million to push the price of 3** Guoz futures from 148.21 yuan to 150 yuan. Yuan, press forward step by step!
One mouthful of Guoz futures has a face value of 20,000 yuan. Three million mouths are equivalent to a par value of 60 billion Yuan. The total face value of Guoz that is about to be redeemed is only 24 billion yuan!
At this time, Wanguo did not know the news that the Ministry of Finance had increased the 3** Guozhi value-preserving subsidy rate. Guan Yinsheng ordered all major sales departments to join forces to do more and resisted desperately. However, under the pressure from many parties, he was overwhelmed. , but at this time, the former ally of the Liao Kingdom saw that the situation between the long and short sides was not right, and not only closed the 500,000 short positions, but also opened 2 million new long orders, counterattacking, and giving Wan Guo a blow. .
A long order of 2 million is equivalent to the face value of 3** country Z of 40 billion.
The Shanghai Stock Exchange stipulates that individual positions in 3** countries shall not exceed 30,000, and institutional positions shall not exceed 50,000.
Trading regulations are in vain in the eyes of large institutions
During this period, the Shanghai Stock Exchange was not yet under the leadership of the Securities and Exchange Commission, and General Manager Wei Wenyuan was only a division-level cadre under the Shanghai Securities and Financial Services Office.
The Securities and Exchange Commission has been established for two and a half years and has established a stock trading department and a futures trading department.
Wei Wenyuan didn't know the news today that the Ministry of Finance had increased the interest rate discount for 3** countries, let alone the size of Wanguo's position? His position for Wanguo was much larger than that of ordinary institutions, reaching 400,000, but the size of Wanguo's position was still beyond his imagination. Under Mr. Wei's questioning, Mr. Guan told him that Wanguo had opened 700,000 mouths. I didn’t dare to tell Mr. Wei that Wanguo actually opened 2 million short orders.
Mr. Wei immediately ordered Guan Yinsheng to close the position and reduce losses.
3** The price of Guoz futures is rising all the way, but Wanguo is shorting in the opposite direction!
On the 23rd, 3** Country Z futures rose extremely sharply. If the position was closed at this time, Wanguo would lose 1.6 billion yuan. How could the arrogant and self-willed Guan Yinsheng be willing to close the position?
With eight minutes left before the market closed, Guan Yinsheng was already losing his mind and insisted on going his own way. A short order of 500,000 lots dropped the price of 3** Guoz futures from 151.3 yuan to 150 yuan, and then he used dozens of The short order of 10,000 lots pushed the price down to 148 yuan, and the last short order of 7.3 million lots set the closing price at 147.4 yuan!
The whole crowd cheered and jumped!
The heartbeat of the bulls stops!
If delivered at the closing price, Wanguo will turn defeat into victory and make a huge profit of 4.2 billion yuan. China Economic Development will turn victory into defeat and suffer a huge loss of 2.5 billion yuan. At the same time, a large number of long positions will be liquidated.
By the time Mr. Wei got the news, it was too late. According to the transaction data left by the computer, in the last eight minutes of trading, Wanguo placed a total of 10.56 million short orders, equivalent to the face value of Guoz 211.2 billion yuan.
Calculated based on a 2.5% margin, the margin required by Wanguo Trading is as high as 528,000 yuan.
Wanguo’s total assets are only 3.2 billion yuan!
Suspected of using customer deposits!
In this era, customer deposits were deposited in the accounts of securities companies. Later, customer deposits were separated from the securities companies and were held in custody by banks and had no direct relationship with the securities companies. This was mainly because they had learned this painful lesson.
In the evening of the same day, Mr. Wei announced on behalf of the Shanghai Stock Exchange that the transactions of the 3** country z product in the eight minutes before the market closed were abnormal. After investigation, it was found that a member company deliberately violated the rules in order to affect the settlement price of the day. Therefore, all 3* transactions in the last eight minutes were abnormal. *Transactions of country Z varieties are invalid. This part of the transaction is not included in the settlement price, trading volume and position range of the day. After adjustment, the country z transaction volume on the day was 540 billion yuan. The closing price of country z varieties on the day was before the violation. The last transaction price was 151.3 yuan!
Bulls win!
Institutions and large investors who followed Wanguo's short selling suffered heavy losses, and many of them had their positions liquidated.
Wanguo alone lost billions, and hundreds or thousands of millionaires were born in the futures market.
Big investors such as Wei Dong, Yuan Baojin, Zhou Zhengyi, Liu Han and Dai Zijian made a lot of money through this long trade. They then entered other industries and developed into the richest people in one place. However, these people did not end well in the end.
In his previous life, the reborn person read an article on the Internet titled "The Curse of the 3** Incident" and was deeply impressed.
To avoid contamination with cause and effect, rebirthers who know this period of history are also worried about the butterfly effect, and as bystanders, sit back and watch.
Some money cannot be earned, and some things cannot be said casually.
"I feel relieved!"
Leader Zhu's face was soft.
"Sun Jian, after you go abroad, please contact the local hotel more often and pay attention to your safety."
"Thank you, chief!"
