Less than half an hour after the market opened, the market index fell to 2997.54 points, but after falling to 2997.54 points, all stocks entrusted to sell were bought in large quantities, and the downward trend eased.

But during this time, another batch of entrusted sales orders were put on the page, and the "mysterious buyer" still purchased in large quantities, and the market index always shook around 2997 points.

It was finally closed at 2996.37 until 11:30 noon.

But when the market opened again at 1:00 pm, the market index plummeted again, and a large number of sales commissions were put on, and the market index fell directly to 2990.74, and was about to fall below 2990 points.

The "mysterious buyer" took action again and bought in large quantities. In the end, the market index barely closed at 2990.12.

Li Hongquan, Yiwen and others looked at the frozen market index and sighed secretly.

It seems that those people are still stubborn, and even after the government takes action, they still choose to fight against the Chinese government.

Is it because of a fever and a temporary courage?

Even Zhang Kun would not believe this statement.

Foreign capitalists have always believed that interests are supreme. They truly implement that the economy is the economy, and all economic behaviors are for profit and money.

Moreover, can it be called an international financial giant, recognized by countless foreign capitalists and launched as the host of the action, and controlled so much money, be the kind of person who can show off his courage?

After they found out that the Chinese government took action to rescue the market, they still chose to fight hard. It can only be said that the possible benefits later were enough to make up for the losses caused by the Chinese government even if they fought hard.

Also, they have enough trump cards and have the courage to feel that even if the Chinese government has participated in the rescue of the market, they can still achieve their goals.

And these two points made Li Hong worry all.

To what extent do they have to make up for the losses caused by the government?

Then, how many chips and trump cards are there in their hands? With the participation of the Chinese government, they still feel that they have an absolute chance of winning.

Although things have never been absolute, and victory is also true, those capitalists and financial giants who dare to act like this must have the vast majority of chances of winning, otherwise they would never be able to act rashly.

Because even if they give in, they have already made enough money from the Chinese stock market.

This money is hundreds of billions of dollars.

At the beginning of this year, the market index was only more than 3,000 points. Assuming that overseas capital has been deploying since last year, most of their funds entered the market around 3,000 points.

In less than half a year, the market was hyped up to more than 5,100 points by them, and then they began to slaughter and sell their stocks.

Even if they do not sell all stocks at the peak, plus other losses, their profits will reach more than 40%.

Then, since qfii (overseas capital) was officially approved to enter the A-share market in November 2002, qfii has continuously asked the CSRC and the State Administration of Foreign Exchange to increase its investment quota.

Then, the final pass was made, from the initial investment amount of US$4 billion to now, the amount of US$6 billion was added to the existing amount, with a total amount of US$10 billion, close to RMB80 billion.

But this is only on the surface. In addition to the investment approved by the state, overseas capital has many ways to enter the Chinese stock market.

Although the country, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange are improving stock market rules as much as possible, as mentioned earlier, it has only been nineteen years since the beginning of the development of the Chinese stock market.

There are too many loopholes that can be exploited.

Then, if you want to manipulate the Chinese stock market, which has only been developing for nineteen years, but it is enough to be called the world's largest scale, and if you have less funds, it is simply a joke.

Li Hongquan conservatively estimated that in the two years last year, the overseas funds entering the Chinese stock market through various methods would reach at least more than 500 billion yuan.

Five hundred billion yuan, more than 40% of the profit is a full 200 billion yuan.

In other words, even if they let go now, they will take at least 200 billion yuan of profits from the Chinese stock market.

But even so, they still did not choose to let go, but instead chose to fight the Chinese government with the participation of the Chinese government in the rescue.

Where is the bottom line of profit they are looking forward to, and what trump card they hold, and they feel that even when facing the Chinese government, there is still a possibility of victory, and it is very likely.

So Li Hongquan felt deeply worried.

At this time, Zhang Kun came to Li Hongquan and asked a question: "Professor Li, I have a question that I can't figure out. Can you help me solve it?"

Li Hongquan nodded.

"Professor Li, I can't understand. If those overseas capitals want to make money, then shouldn't they buy at a low price and then sell at a high price. Why don't they sell all of them when the stock market is at its highest? Then won't they maximize their profits?"

"If you use the stocks in your hands as a trump card, you can save up to the point where you are even lower than last year's market index, will they also lose money on this part of the stock?"

Because of this action, although Zhang Kun didn't like the stock market, he invested so much money after all. Even though Zhang Kun had planned to lose money from the beginning, he agreed to leave everything to Professor Li Hongquan and others.

However, when Zhang Kun is free, he will still find some books related to stocks and read them. Then, he will be with Li Hongquan and the others every day these days, and Zhang Kun will occasionally ask some questions related to stocks.

So now, Zhang Kun has some understanding of stocks.

That's why he couldn't understand this.

You said that you short the Chinese stock market in order to make money, Zhang Kun can understand, but if you want to make money, shouldn’t you sell them all at the highest level?

Then why are you entangled until now?

Hearing Zhang Kun’s question, Li Hong showed a sneer on his face, then sighed slightly and explained to Zhang Kun.

"There are two reasons. First, overseas capital has a lot of stocks in its hands. If it sells them all at once, it may not be sold all of them. Maybe it will cause panic in the stock market in an instant, and then it will not be an avalanche, but the stock market will collapse completely, which will directly attract forced government intervention."

"After all, the stock market crash and the entire collapse have completely different meanings."

"The second is that the interests of the Chinese stock market are not just the profit gaps in stock trading. It is not just us Chinese capitalists who want to buy the bottom of the stock market."

"There are still many high-quality companies in China. Even overseas capital is very envious."

"On weekdays, either the government does not allow Sino-foreign joint ventures, or it just wants to buy equity, and it will cost a huge price. But if you buy a large amount of money when the stock market is at its lowest point, the price you need to pay is much smaller."

"If the stock price difference is to make money in front of you, then buying high-quality companies at the bottom will be where the visible profits will be in the future."

"International financial giants, their vision is very long-term." Li Hongquan sneered.
Chapter completed!