For most people, the 120 minutes of trading time in the afternoon ends as early as the first three minutes, and the remaining 117 minutes are useless garbage time.
The Shanghai Composite Index fell between 7-8%, and trading volume shrank to an extremely exaggerated level.
Except for the half hour before the opening of trading in the afternoon, the trading volume in the following hour and a half was only more than 90 billion.
This kind of thing happens in a market with a daily transaction volume of trillions, which is simply unimaginable.
However, it also happens to show that market investors are not optimistic about the subsequent market conditions. They feel that today's decline is just the beginning.
big,
behind,
Wait a minute, now is not the time to buy bargains.
At three o'clock in the afternoon, the A-share market closed.
The Shanghai Composite Index closed at 3305 points, with the index falling 275 points, or -7.7% on the day.
The single-day decline became the second largest in history, only 0.03% less than the largest single-day decline in history of 7.73%.
The last time A-shares faced such a large drop in a single day dates back to the financial crisis in 2008.
Every ten years, rumors of a financial crisis spread again and become more and more intense.
Everything is indeed just the beginning, and the Quantum Fund’s plan goes far beyond that.
After ten months of preparation for this time, they had already made all the preparations.
Soros has been in the international financial market for many years, and he knows how to kill his people and punish their hearts.
The panic in the financial market is only a small part of the plan. He wants to spread the panic offline and make the people lose confidence in their country's economic system.
In modern warfare, information warfare and public opinion warfare are indispensable parts, and the same is true for financial markets.
The financial war will not be called a battlefield without smoke, and it will harvest the wealth accumulated by the people of other countries for many years without spending a single soldier.
Major Western media caught wind of this and focused on several things, including the proportion of the property market in China's economy, the impact of the bursting of the bubble on the subsequent economy, Buffett's lack of optimism, and the collapse of the financial market...
These days, not only products can be exported for domestic sales, but news can also be exported.
In order to gain popularity and traffic, some domestic media have spontaneously become accomplices, helping others and injecting feelings of anxiety and panic.
In the past, netizens would just take this kind of news and watch the show. After all, who doesn’t know the virtues of Western media now?
As we all know, the 135 collapse theory, the 246 threat theory, and the Sunday collapse threat all come together. They have been calling for I don’t know how many years, and they haven’t seen what will happen to China.
But this time it is obviously different. What is the virtue of the domestic property market? People know their own business.
Netizens were speechless in the face of the media bombardment. They wanted to refute, but could not find a suitable reason. They also hated the rising housing prices.
We also know the role of the property market in China's economy. If the economy collapses, the source will only be the property market.
There was a saying that was circulated on the Internet that made countless people break their guard. What little boy’s dream when he was a child was to be able to afford an apartment when he grew up, and to have a place to live in a city where he struggled all his life...
The arrival of today also made countless people cheer from the bottom of their hearts, waiting for the party to finally win the final victory.
The property market is a cancer and a bubble. As long as it is a bubble, it will burst one day.
They don't care whether they pop the bubble on their own initiative or if others help pop it.
The most intuitive expression of citizens' confidence in the country's economic system is in the currency market.
After the stock market closed, offshore soft currencies suddenly fell sharply, falling by 0.2 for the first time in ten years.
Today, when the exchange rate is quite stable, a drop of 0.2 is something that is simply unimaginable. In the past, it was often as low as 0.00 for a day.
However, the financial market fell as much as -7.7%, and the exchange rate fell by -3.3%, which is also a normal reaction. The financial market and the foreign exchange market are closely related.
Mainly related to the property market,
It truly touches the lifeline of China’s economy.
Most people have a pessimistic attitude.
financial market, foreign exchange market,
More than three trillion yuan of wealth evaporated in a single day, and Lu Beifeng also knew that all this was just the beginning.
International speculators are waiting, they are afraid that this time it will be a trap like last time, waiting for them to take the bait, and then start to harvest wealth in the opposite direction.
China has been promoted by the Western media for so many years. It has not collapsed yet, but is getting better and better.
After such a difficult period of time has passed, no one can guarantee that China will not have any backlash.
Speculators are waiting for the official follow-up actions, if the official follow-up does not take strong and powerful measures to calm the turmoil caused by this incident.
Like sharks that smell blood, they will rush up and bite this big fat piece of meat.
As for whether this would trigger a war, it was never something they should consider.
They are greedy devils who only have interests in their eyes.
"My dear, do you want a room to take a rest?" Xiaolan looked worried, Lu Beifeng had been sitting on the balcony for most of the day.
Especially since three o'clock, his face has become more serious, and he often looks at his mobile phone, as if waiting for some kind of news.
She also saw some news on the Internet, but she didn't care about the financial or economic collapse.
Those were none of her business, she was more worried about Lu Beifeng's health.
Lu Beifeng placed his fingertips against the water cup, and the water temperature was always at a suitable drinking temperature. Once the tea cooled down, Xiaolan would immediately change it for him, take a sip, and waved, "Come here, give me a head massage."
"Okay~"
Xiao Lan obediently walked behind her and stroked both sides of her head with her slender fingers.
Carefully watching Lu Beifeng's reaction, it gradually moved across his face, across his chest, and still going down...
Until the entire upper body is almost over the head.
Lu Beifeng said angrily: "It's plain."
"Oh~"
Xiao Lan agreed aggrievedly,
No one can explain it clearly.
After being warned, she did not dare to be presumptuous anymore, and her methods gradually became serious.
Not long after, Lu Beifeng's cell phone rang and he received a text message from a stranger. The content was an announcement from a real estate group listed on the Hong Kong stock market.
Affected by the current economy, the board of directors discussed and decided to abandon the sale of some undeveloped community projects, repay bank loans, and reduce liabilities. The group's business will undergo large-scale adjustments in the future...
【Shengshi Group】
Lu Beifeng smiled,
Uncle Zhou made a wise choice.
The first domino of the real estate market has fallen, and the next big thing is coming.
Lu Beifeng was in a good mood, holding Xiaolan's hand and pulling her into his arms.
Xiaolan's eyes are blurred, and she is ready to pick them up.
…
the other side,
Shengshi Group has just released an announcement.
The private phone numbers of the secretary, the office, and Zhou Guoxiong were almost exploded.
The cell phone rings continuously.
Zhou Guoxiong didn't care, lit a cigar, slowly fanned his mouth with the palm of his hand, tasted the aroma of the smoke, and randomly answered a call from a lucky person.
He glanced at the person on the caller ID and said with a chuckle: "Director Xu, what do you want me to do?"
Hengtai Xu Jiayin said in a deep voice: "Dr. Zhou, what do you mean?"
Zhou Guoxiong said: "What do you mean?"
Xu Jiayin said word by word: "Group announcement!"
Zhou Guoxiong said oh, pretending to be stupid and said: "The market situation is not good now, and the stock price has plummeted. As you know, Director Xu, the company is short of money, and the bank is pressing hard, so we can only sell some assets to pay off the debt.
"
Xu Jiayin shouted angrily: "Do you think you can't hold on even for a month or two? Does it have to be now?"
This economic crisis is a golden opportunity for all real estate developers.
The property market is the foundation of all domestic economies and is also a top priority. As long as they unite to ruin it, even if they are bankrupted and liquidated, they will not stop buying assets, with the mentality that they would rather have everything broken than left intact.
Once the situation becomes serious, the government will definitely release water to save the property market and maintain economic stability.
In this way, they can once again usher in a golden development period that can range from a few years to ten years.
It's not like now where I'm always worried about when the knife on my neck will fall.
Whether internal matters should be handled by themselves or left to outsiders, the official will choose the former without hesitation.
The real estate developers are convinced that the official will choose to keep their family scandals private, so they stick to the alliance unanimously to ensure the common interests of everyone.
But at this critical moment, Shengshi Group suddenly switched sides and stabbed them in the back.
If there is an alliance for profit, as long as one person takes the lead, the alliance will break down instantly.
Because they all know that the official accountability afterwards will only catch a typical example, the one who runs the slowest and the one who dies the most miserably.
"Are you teaching me how to do things?"
"Director Xu, you should take care of your own one-third of an acre of land. Shengshi Group can choose to have a strong man break his arm, but can Hengtai Group also do it?"
Zhou Guoxiong snorted coldly. Since the other party had betrayed him first, he was too lazy to speak politely.
He was not sure whether Lu Beifeng's plan could succeed, but he was sure that Heng Tai would soon be unable to hold on.
If everything goes well, maybe the other party can survive another year or two, but now that the property market has been detonated, Hengtai is doomed.
That’s why he was so eager to take the risk and set up a real estate alliance to resist the implementation of official policies. He said it was for everyone’s benefit, but in fact it was to save himself.
Xu Jiayin fell into silence...
By acquiring land, taking out a loan, building a sales office and selling off-plan properties, you can get hundreds of millions of dollars for just a few million dollars. It was so easy for real estate developers to make money in those years.
And he also lost himself in false prosperity.
Now it's too late to wake up. Hengtai Real Estate's debt is as high as 800%, and he must find a way to save himself.
…
With the announcement from Shengshi Group, it was announced that the first domino in the property market had fallen.
After learning the news, countless real estate developers chose to issue similar announcements in order to protect themselves.
We will talk about accountability later. The most critical issue now is who can run faster.
Who can survive this crisis safely?
If the thunderstorms of real estate funds are like boulders falling into a lake with surging undercurrents, then the announcements of real estate developers are like meteorites that destroy the world and set off huge waves.
The property market, which had been hyped for more than ten years, suddenly burst like a mirror, with a crisp sound.
Domestic third- and fourth-tier cities were the first to bear the brunt, with local housing prices falling by an average of 50%, directly cut in half.
Especially in small cities where the average monthly salary is less than 3,000 yuan, the house prices are as high as tens of thousands per square meter. You can directly experience the feeling of jumping from a high-altitude building. The house price of 30,000 yuan can instantly become 10,000 yuan or even 8,000 yuan.
Some people sell, no one buys,
The higher it was at the beginning, the harder it has fallen now.
The local high-paying industries in first-tier cities have many high-paying talents and strong ability to resist risks, and the average decline is only about 20%.
No matter how the financial sector plummets, most ordinary people will not be particularly affected by it.
Because Chinese people are the group that saves the most in the world, and they are also the group that makes the least risk investments.
But the real estate market is different. Food, clothing, housing and transportation are closely related to every ordinary person.
In fact, the most miserable people are not the real estate developers or the real estate speculators, but the ordinary workers who have worked hard to accumulate wealth for more than ten years.
The down payment is hundreds of thousands, and the loan is hundreds of thousands.
I have been working in southern cities for half my life, and I don’t know if I can live in the house for a month all year round.
The property that was originally worth one million has become half a million or even less. They still have to repay the bank loan of nearly one million plus interest, and their mentality is exploding.
The Internet has become a garbage dump where people pour out their anger, and public opinion is filled with all kinds of negative energy, as if the end is approaching.
It seems~
It is the word that netizens say the most.
that night,
Lu Beifeng came to the family compound, showed his boss the comments on the Internet, and said slowly: "Did you see it? There is too much resentment in the property market."
It is true that leaders care about the people.
After all, even if you send people to investigate if you are in a high position, you will only see some very written and polite remarks. I have not seen all kinds of weird and homophonic curses like now. I don’t know how many years I have not seen them.
It is true that the Internet is a garbage dump, but it is not a platform where people can speak their minds.
The leader was silent, sliding the screen and reading the comments from netizens one by one.
Lu Beifeng spoke without stopping.
He believed that the leaders could tell who was hating iron but not steel, and who was trying to cheat.
Because in the face of real politics, netizens’ methods or comments are too low-end.
After a long while, the leader returned the phone to Lu Beifeng, closed his eyes and thought for a long time, and said softly: "We should be grateful to our opponents across the ocean."
Lu Beifeng hummed: "Especially Jin Bao."
If you don’t break out in silence, you will perish in silence.
We should be grateful to the other party for pressing harder and harder to help them burst the huge economic bubble in the property market.
Once it is allowed to ferment and explode naturally, the harm it will cause to China will definitely be several times more terrifying than the subprime mortgage crisis in 2008.
In the past 11 years, China's economic size has long exceeded the economic size of the other country at that time, and they did not have the monetary hegemony to release large amounts of money.
"who?"
"Golden Retriever!"
"Golden retriever, golden treasure?"
The leader couldn't help laughing: "You young people have really strange ideas. A bad old man is called Bao."
Lu Beifeng said: "It's just a joking name. Don't you think it's because of the other party's unreliability that it gave us time to catch up?"
"He just has an unreliable personality! Essentially, he is doing good for the country and has made indelible contributions."
The leader still agrees with Golden Retriever's behavior, but he doesn't agree with his style.
Too out of touch and unstable.
------Digression-----
Start with one chapter today and make up for it on Sunday.