Faced with the market's continuous "thousand-share limit-down" trend.
All the large investors in the VIP trading room were completely numb.
No one has hope for a bull market anymore, and no one hopes that the Shanghai Stock Exchange Index can return to 4,000 or 5,000 points. As long as there is liquidity in the market, everyone is selling in panic and running for their lives.
And the stock index futures have continued to fall by the limit.
It also caused countless funds that were long before to be wiped out, and countless people liquidated their positions.
Nowadays, whether it is stocks or stock index futures.
All have completely lost their liquidity, and all funds and investors who dared to go long have been ruthlessly buried in the continuous plummeting market, and they died without a burial place.
After the market closes...
Despair and panic investment sentiment spread infinitely to the entire financial system through every nerve of the Internet.
Numerous banking institutions that accept equity pledges from major shareholders of listed companies have begun to urge major shareholders who have pledged equity to replenish collateral or deposits as soon as possible when many of the equity pledge targets are approaching the liquidation warning line.
Within the brokerage company, the risk control department is already very busy, and countless financing accounts are approaching the liquidation line, or have already touched the liquidation line.
Within many fund companies, a large number of fund products are being forcibly redeemed on a large scale by people outside the market.
Various on-site tiered funds, such as 'Securities B', 'Military Industry B', 'Internet B'... and a number of popular tiered fund products, are all facing the risk of discounts.
There are also various financial institutions that have entered the market through other channels, and they are all desperate to cut their positions and flee.
Overnight, this kind of 'wealth destruction' storm caused by the continuous plummeting of the stock market has begun to crazily pass through banks, securities firms, fund companies, other private financing institutions, financing listed companies... and other entities. Forming a 'comprehensive systemic financial risk' sweeping across the entire financial system.
If the regulatory authorities do not intervene at this time.
Then, what follows is the emergence of comprehensive systemic financial risks.
These stock chips, which are forced to be sold on a large scale by banks, securities firms, fund companies, other private financing institutions, and listed companies, will form a more severe plummeting storm in the market, causing more serious wealth destruction. It will even affect macroeconomic development.
It affects the wallets and lives of ordinary people who have never traded in stocks and have nothing to do with the stock market.
fine……
Amidst the roar and complaints from retail investors.
The entire financial market has been completely enveloped in panic and despair, with no future in sight.
Regulators are still awake.
At 7 p.m., after continuous meetings and discussions within the entire regulatory body, a series of rescue measures were made public to the market.
According to the announcement issued by the regulatory authorities.
The China Securities Regulatory Commission will suspend market IPO approvals starting from July 6 and increase the QFII quota.
At the same time, China Securities Finance Corporation announced a capital increase and share expansion, and Huijin Corporation announced its entry into the market.
And an hour after the announcement of several major good news, at 8 o'clock in the evening, the major good news storm also began to sweep across.
I saw...
The central bank issued an announcement stating that it would provide liquidity support to securities and financial companies.
The Ministry of Finance issued an announcement expressing support for state-owned financial enterprises to increase their holdings.
The State-owned Assets Supervision and Administration Commission issued an announcement requiring major listed central enterprises not to reduce their holdings.
After several announcements, more than half an hour later, a total of 21 brokerage companies announced that they would jointly invest 120 billion yuan in blue-chip ETFs to support the market.
Later, the Huaguo Financial Futures Exchange announced.
Starting from July 6, the trading margin threshold for stock index futures will be increased from a minimum of 8% to a minimum of 12%, an increase of 50%.
Except this.
The China Futures Exchange also said it would restrict naked short trading in stock index futures.
There are also restrictions on the number of positions held by individual investors when trading stock index futures, requiring individual investors to have a maximum position of no more than 5 lots when trading stock index futures.
Otherwise, his account will be restricted from opening positions.
From the suspension of IPOs, to the entry of Securities Finance and Huijin into the market, to the ordering of securities companies to directly inject capital to rescue the market, to the trading restrictions on futures stock indexes...
Throughout the night, everything inside and outside the market was bombarded with good news.
Everyone can see that this is an unprecedented rescue measure and the greatest sincerity of the regulators to rescue the market.
Faced with the continuous bombardment of blockbusters and the strong rescue measures taken by regulators to prevent systemic financial risks, countless investors, whose hearts had been devastated by short-selling, involuntarily felt ripples. There are expectations for the market next week.
Su Yi stared at the huge benefits announced by the regulators.
While Xingqing was able to close his position and take profits in time during the day, he was also lamenting that his way of making huge profits from the unilateral market plunge by short-selling stock index futures contracts was now completely blocked.
However, he also knew.
As the market continues to plummet, systemic financial risks have become prominent.
It is an inevitable measure for the regulatory authorities to restrict naked short trading of stock index futures and limit the number of positions that individual accounts can open in stock index futures.
Fortunately, he had already made a lot of profits by continuing to short-sell stock index futures.
Accumulated the first pot of gold.
Nowadays, this road to huge profits has been blocked. Although it is a pity, I don't feel any regret.
However, next time... if he wants to use the stock market to increase his capital size, it will definitely not be as easy and comfortable as before.
But there are definitely still opportunities.
Thinking about it, Su Yi began to use the historical memories in his mind from the past before his rebirth.
Re-formulate subsequent trading plans and look for clearer investment and trading opportunities.
After a while, after he looked through the stocks in the market.
A stock named 'Teli A' froze in front of his eyes.
If he wants to say which stock remains fresh in his memory during the 15 years of intense bull-bear transitions in the market that he has experienced, it is undoubtedly the one in front of him.
This is a listed company controlled by the Shenzhen State-owned Assets Supervision and Administration Commission.
Its main businesses include property leasing, car sales, car maintenance, etc. Its performance and development have been mediocre for many years since its listing.
Just looking at its fundamentals and performance, it can be said that there are no bright spots.
Moreover, during the entire bull market, under the hype of the core theme of "reform of central and state-owned enterprises", the stock price did not increase much. No major institutions were optimistic about it, and there were few big funds to pay attention to it.
But it’s such a weak fundamentals.
There is no room for expected growth, it is very unpopular, and there are no so-called 'junk stocks' that are favored by large funds.
But because of the clean chips, the pure concept of "state-owned enterprise reform", and the basically zero growth rate in the entire bull market, after the regulatory authorities released successive rescue measures and a round of panic was completed, they suddenly took advantage of the wind. It has become the leader of short-term market sentiment.
Su Yi thought about all the memories about this stock.
Next, I plan to start with this stock, follow the regulator's rescue strategy, comply with the policy's long demand, stir up market sentiment, and replicate the historical development trajectory of this stock.
