A country with a population of more than one billion and which has achieved preliminary economic results in its reform and opening up has definitely not been able to compete with the power it has unleashed.
During the long battle, Soros, who had an incomparable understanding of Li Jin's style, immediately sensed the changes brought about by Li Jin's completely different strategies and reactions this time.
"Something's wrong."
Soros's eyes were fixed on the board.
At this moment, the situation of thousands of shares falling to the limit has eased, and a few of the heavy-asset state-owned enterprises have even begun to slowly recover their stock prices. However, this kind of large-scale, wide-reaching approach is definitely not what Soros knows. Li Jin’s acting style.
"This shouldn't be Li Jin's decision. Did the Yanjing official send someone out?" Soros muttered to himself.
If Li Jin loses the trust of Yanjing at this juncture, then the advantages to Soros will definitely outweigh the disadvantages.
He already understood Li Jin's methods.
Although it would be difficult to adapt to the other person's style if he changes to another person, Soros is confident that no one will be more difficult than Li Jin.
"Chairman, at least 200 billion Huaxia hot money has poured into the China A-share market. This money is supporting the A-share market from falling."
The reports from his subordinates left Soros in a dilemma.
"200 billion, is there any new official announcement from China?" Soros asked.
"No...oh, no, China's Ministry of Finance and the Central Bank issued a joint communique!"
"Bring it here quickly!"
Soros shouted. After speaking, he couldn't wait for his subordinates to print out the communiqué, and walked quickly to the computer.
"In view of the increasingly complex economic situation at home and abroad, following the mass listing plan of state-owned enterprises with important assets, the central bank and the Ministry of Finance have obtained authorization to approve the entry of social security funds into the market. The total amount of social security funds entering the market this time is 600 billion Chinese yuan, aiming to Use the laws of market economy to ensure the positive appreciation of social security funds through capital operations..."
Soros did not finish reading the communiqué, which was only a few hundred words long. Only the first half of the contents made him understand what kind of decision Yanjing had made.
"Damn it, these Chinese people have indeed come this far!"
Soros was furious.
He knew that Yanjing would definitely protect the domestic A-share market, and no country would allow its own financial market to be trampled and harvested by foreign capital, but he did not expect that Yanjing would respond so quickly.
In his expectation, it would take at least 2 trading days for Yanjing to react and take measures, and 2 trading days were enough for him to evaporate at least 100 billion of China's capital wealth. The limit of 1,000 shares continued for 2 trading days. The consequences it will bring must be devastating.
But now, most of his calculations have failed.
The impact of this silent communiqué is absolutely huge.
For a country like China, the total amount of its social security fund is absolutely terrifying, and it is precisely because of its terrifying base and participating population that its social security fund is the top priority for the stability of the entire society.
The day has finally come for Chinese officials to use their social security funds.
Although the communiqué did not mention anything about Wall Street capital’s actions in the domestic financial market, anyone with a discerning eye can see at a glance that the former was the batch centralized listing of state-owned enterprises and the later the entry of social security funds into the market. These two actions, one after the other, are In order to resist the invasion of Wall Street capital.
There is no smoke in the financial battlefield, but murderous intent is everywhere.
On the day when 1,000 shares fell to the limit, Yanjing immediately officially announced the entry of social security funds into the market. This represents not only financial significance, but also a stronger political significance.
Therefore, after the outside world felt Yanjing's determination to protect the domestic financial market, private capital immediately swarmed in.
Foreigners who may go on strike or demonstrate at any time will never understand the dependence and trust that Chinese people have on the government.