When he got the command, Li Jin also felt a lot of pressure.
No joke, of the 1.2 billion people in the country, more than half of them have their retirement money in his hands.
If something happens to him, he will truly be a sinner through the ages.
I don’t know if it was a coincidence, but just when Li Jin got the command of the social security fund, Soros happened to take action on the domestic A-share market.
Jin Qing took all the funds it could mobilize away from Hong Kong stocks, which directly caused the domestic A-share market to be very weak.
Although the total amount of the market is still there, it is too scattered to form a unified and effective command. Therefore, even if the total amount of capital is huge, it will be immediately defeated when the real disaster comes.
Soros obviously wanted to completely sink the domestic market this time, so at the beginning, he used very large and exaggerated measures.
Thousand shares hit the limit!
In the domestic stock market, it is opposite to that of foreign and Hong Kong stocks. Falling prices are green and rising prices are red.
When thousands of stocks hit their limit at the same time, the spectacular picture, where the entire screen turned pale green, was frightening.
Funds are fleeing like crazy, but it's too late.
Even the most efficient team, when faced with Soros's attack without warning, had been paying attention to the dynamics of the Hong Kong stock market and had no vigilance at all about their hometown being ripped off.
Having said that, even if there were, they would not believe that Soros would deal a heavy blow to the domestic A-share market at this time before the disaster actually happened.
Even professional institutions are like this, let alone retail investors.
Many people are even still at work and have no idea what is going on in the stock market, let alone that their stock accounts have suffered huge losses.
"Thousands of stocks have dropped to the limit."
When Wei Yan got the news, he looked at the spectacular scene displayed on the big screen and was so frightened that he couldn't hold back anymore and went straight to Li Jin's office.
"Mr. Li..."
"I know."
Knowing what Wei Yan was doing, Li Jin walked out of the office.
He looked up at the spectacular picture on the huge electronic screen and sighed.
Indeed, no one can compete head-on with the power of Western capital in this era.
In Li Jin's memory, the limit-down of 1,000 shares only appeared when the domestic financial market was undergoing transformation with economic development before rebirth.
But even then, there was a foundation of economic growth accumulated over 20 years of reform and opening up, so it did not cause too much damage to the national economy.
And the current Chinese economy cannot withstand the torment of a thousand stocks falling to the limit.
"You're here, don't leave." Li Jin said softly.
"Build a position."
Li Jin's thinking was clearer than ever.
At this moment, it seemed as if an inexplicable force was injected into Li Jin's body, allowing him to sweep away the fatigue accumulated over the past few days and make his mind extremely clear.
"With PetroChina and Sinopec as the core, in the main support sectors such as energy, heavy industry, technology, communications, etc., the top three state-owned enterprises in all industry fields will build positions at the current prices to establish the first core line of defense. This core line of defense is what we will next
The bottom line can only be raised but not lowered."
"Secondly, we should establish a second line of defense with listed state-owned enterprises in the light industry such as textiles, food, clothing, sports, entertainment and other light industries as the core. This second line of defense is our defensive and counterattack position. These sectors are closely related to people's livelihood, and the basic volume
It’s big enough to accommodate a large amount of money to gamble on this battlefield.”
"Finally, use the tertiary industry sectors such as finance, Internet, transportation, and information as counterattack points to establish positions. This position requires a large quantity and must include all listed companies whose annual financial reports are positive value-added. This part of the sector can be used as a sacrifice
Cannon fodder to drain Soros’ cash.”
Li Jin issued orders one after another, and his entire tactical ideas appeared on the paper.
With heavy industry and the cornerstone of national industry as the core, this is related to the normal operation of the entire society and cannot be missed, so this area is the top priority of the entire tactical system.