But the most important part of this announcement is the content in the second half.
"Accelerate the pace of listing of large state-owned enterprises such as Sinopec, China National Petroleum and China Mobile, ensure the stable listing of state-owned enterprises, and stipulate that any state-owned enterprise listed must distribute no less than 15% of the total equity shares to the market, so that enterprises owned by the whole people can truly benefit the whole people...
"
Looking at this announcement, Li Jin couldn't help but sigh at the great influence of butterfly wings.
The impact of this announcement is very large.
Because of China's special national conditions, before the rise of super private companies like Ali and Teng Xun, all Chinese people knew that the truly powerful and profitable companies were the large state-owned enterprises.
Therefore, the listing of such a large state-owned enterprise with a legal industry monopoly and the commitment to distribute at least 15% of the total equity shares to the market is a huge benefit to the domestic market.
And the market's reaction is the most real.
After the announcement, the entire A-share market, which was in a miserable state of green, recovered instantly, and a large amount of private capital began to pour into the stock market.
Energy, represented by Sinopec and China National Petroleum Corporation, and communications, represented by China Mobile, were the first to turn green and red.
"Although Wall Street capital has a huge amount of funds, its power is too dispersed. They intend to bring down the A-share market on the first day, so they carry out an all-round attack."
"Spurred by the benefits of the listing of state-owned enterprises, the energy and communications sectors have become the best places for hedging funds in the entire market."
"So, the power that broke out from these two sectors was so powerful that the entire market stopped falling."
Wei Yan sat next to Li Jin, analyzing the current situation in his eyes like a treasure trove.
Li Jin nodded, agreeing with Wei Yan's judgment.
Indeed, if Wei Yan couldn't even see this, then it would have been in vain for him to have been with him for so long.
"The market opened at 2,653 points today and once fell to 2,400 points after the flight of institutional funds and the attacks of Wall Street capital."
"But now the rise of the communications and energy sectors has caused the market to hover around 2410 points."
"The competition between the short and long sides for the 2,400 support point is extremely fierce."
When Wei Yan said this, he stared at the market and frowned and said: "But I always feel that this is just the relative calm before the storm. Wall Street capital definitely has the strength to break through the 2,400-point support point in one go, but they don't know why they didn't do it."
"They are fishing." Li Jin said.
As soon as these words came out, Wei Yan was shocked.
But Li Jin didn't explain any more, because the market situation had already changed at this time.
The market points, which were originally fluctuating at 2410 points, suddenly took a sharp turn. Not only did they break through the 2400 point support level in one breath, they even plummeted by 30 points in a row, reaching around 2370 points.
"It's the energy sector. There's something wrong with the energy sector!"
Wei Yan shouted, and the trading status of the energy sector was immediately displayed on the screen.
Originally, due to the public announcement of PetroChina and Sinopec's listing, the energy sector became one of the few rising sectors in the market, fueled by numerous risk-averse funds.
But at this time, several leading stocks in the energy sector suddenly announced major negative news.
Whether the chairman resigns, senior executives resign en masse, or the business suffers major losses, they are all published together as if they were scheduled.
And after each announcement, there is a notice that it will apply for a trading suspension, and there is no silver 300 taels in this place.
Looking at the stock price that went from rising to falling, Wei Yan was so angry that he almost spat out a mouthful of blood.
“What are these companies doing?”
"They're scared."
Li Jin frowned and said: "What is pushing their stock prices up now are almost all safe-haven funds in the market. In fact, these funds are not buying their stocks, but waiting for PetroChina and Sinopec to go public and ride on the east wind."