Wei Wenyuan, general manager of the Shanghai Stock Exchange, is receiving leaders from the Supervisory Committee who have come to inspect.
Geng Liang, director of the Futures Department of the China Securities Regulatory Commission.
In the trading hall, Geng Liang led the inspection team, and Wei Wenyuan accompanied him with a smile on his face.
"Old Wei, you also know that I am in charge of futures. In addition to the tasks assigned by my superiors today, I also took a look at the situation of several futures products. Our country has been engaged in financial futures for a short time and lacks experience. However, my superiors have repeatedly said that we must strictly control
Control, we can’t let chaos like last year’s 314 Treasury Bonds happen again.”
Geng Liang turned his head and glanced at Wei Wenyuan beside him, then sighed and said:
"I think you know that the 327 treasury bonds have been issued for two years, but the response from the public has been mediocre. This time, the Ministry of Finance has been racking its brains in the past two years to stimulate the 327 treasury bonds."
Hearing what Geng Liang said, how could Wei Wenyuan not understand.
The news about raising the discount rate on 327 government bonds has been widely circulated on the Internet before, and today the Ministry of Finance issued a formal announcement.
No need to think about it, 327 national debt will definitely lead to another bloody battle today.
As for the China Securities Regulatory Commission, no matter how fierce the market competition is, all they want to ensure is the stability, safety and fairness of the market.
"The 327 Treasury Bond has gone through twists and turns, and the interest discount announcement issued by the Ministry of Finance this time has indeed caused a lot of response. I heard that even China Economic Development Bank personally got rid of it. This is really embarrassing for Director Geng."
In the trading hall, Wei Wenyuan followed Geng Liang and said with an apologetic smile.
"I'm not too worried about China Economic Development Bank. I just heard that Guan Jinsen from Wanguo Securities seemed to be involved. These two companies are both very powerful and there is no room for any mistakes today."
Geng Liang waved his hand, then looked around, and said in Wei Wenyuan's ear:
"Actually, I came today with orders from above!"
Wei Wenyuan was shocked when he heard this.
"Director Geng still has important responsibilities?"
"The 327 national debt is closely related. The decision to raise interest rates was also made by the Ministry of Finance on a temporary basis. In order not to cause market chaos, I have to represent the China Securities Regulatory Commission and the Ministry of Finance this time to listen to the opinions of those large investors."
As soon as Geng Liang said these words, Wei Wenyuan was also shocked.
"Big business?
Director Geng, I wonder what the standards for this large family are?"
"As mentioned above, all exchanges that account for more than 80% of the entire futures market trading volume are on the meeting list."
Geng Liang said in a deep voice.
Obviously, although the domestic financial market has begun to take shape, various regulations and systems have not yet been perfected.
As soon as the announcement of the temporary interest rate hike on 327 Treasury Bonds came out, the superiors already had a premonition that something was going to happen, so they asked Geng Liang to come down and collect feedback from various exchanges.
After hearing Geng Liang's words, a figure suddenly appeared in Wei Wenyuan's mind.
Guan Jinsen from Wanguo Securities!
Today, Guan Jinsen asked him to suspend 327 treasury bond trading, but Wei Wenyuan refused because of insufficient authority.
After hearing Geng Liang's words, Wei Wenyuan couldn't help but guess that if Geng Liang had arrived two hours earlier, maybe Guan Jinsen's request would have been responded to by his superiors.
Of course, this idea just flashed through Wei Wenyuan's mind.
As long as Guan Jinsen forced the liquidation of the position according to what he said, Wanguo Securities would suffer a huge loss. Although it would hurt his muscles and bones, it would not destroy his family fortune.
At the moment, his task is naturally to accompany Geng Liang to complete this inspection mission.
Just before Wei Wenyuan realized the seriousness of the matter.
In the trading hall, a man in work clothes hurried to Wei Wenyuan and said in a panic:
"General Manager Wei, the trading situation of 327 Treasury Bonds is not right. Wanguo Securities has obvious violations. Now the price of 327 Treasury Bonds has begun to plummet."
After the man's words came out, the expressions of Wei Wenyuan and Geng Liang who were standing there suddenly changed.
"What did you say?"
Wei Wenyuan and Geng Liang said in surprise almost in unison.
Without waiting for the person in front of them to explain, the two of them hurriedly looked up at the electronic screen, which was displaying the trading status of 327 Treasury Bonds.
At this moment, there are only five minutes until the market closes.
A large number of short orders suddenly appeared on 327 Treasury bonds in late trading, causing the price to plummet.
"How is this going?
How could Wanguo Securities have such a large position?”
In just a few minutes, millions of empty orders appeared.
Wei Wenyuan and Geng Liang, who saw this scene, had almost dull expressions on their faces at the moment.
"It's over, it's over...Guan Jinsen is crazy!"
Wei Wenyuan stood there, the expression on his face becoming increasingly ugly.
However, this moment is not just about the Shanghai Stock Exchange.
In the trading floors of all sales departments, countless people can see the most exaggerated late-market trend chart this year.
First, Wanguo Securities successively lowered the price of 327 government bonds with multiple large orders of hundreds of thousands.
Immediately afterwards, the multi-party camp reacted, and the bulls headed by China Economic Development Bank began to suppress it.
However, limited by positions and funds, this time the bullish camp declined in the last few minutes.
Wanguo Securities continued to sell large amounts of short orders, driving the price of 327 Treasury Bonds back to 148 yuan.
On the electronic screen, the 327 national debt began to fall at an extremely exaggerated rate.
At the same time, bulls continued to follow suit and clear their positions.
In the trading room on the second floor of Wanguo Securities.
Guan Jinsen still didn't know the news about Geng Liang's appearance at the Shanghai Stock Exchange. Now that he had finally waited for this scene, he felt only excitement in his heart.
More people don't necessarily mean more power.
This time, Wanguo Securities will fight one against a hundred and create history.
“Sell all the previous long positions!”
As soon as Guan Jinsen said this, all the traders present became busy again.
Before the 327 treasury bonds rose rapidly, Guan Jinsen used multiple positions held by Wanguo Securities to go long against the trend and took over 3 million positions.
Selling them all at this moment is only creating panic in the market and causing the bull camp to get into chaos.
Those who follow the trend and sell will become his help.
In just two minutes, the price of 327 Treasury bonds has completely embarked on a downward trend, and it seems that there is no turning back until it hits the wall.
Even if the bulls work together, the price of 327 Treasury bonds is still falling uncontrollably.
At the last minute, everyone thought everything was about to end.
Another huge short order that people can't even imagine appeared, completely nailing the price of 327 Treasury Bonds to 147.40 yuan.
7.4 million empty orders are as powerful as depth charges.
As the time came to three o'clock in the afternoon, 327 Treasury Bonds finally ended its trading status.
147.40 yuan!
The price is set here!
In the hall of the Shanghai Stock Exchange, Geng Liang, director of the Futures Department of the China Securities Regulatory Commission, had a look of shock and anger on his face.
Next to Geng Liang, Wei Wenyuan, the general manager of the Shanghai Stock Exchange, had a pale face.
How could Wanguo Securities hold so many short orders?
You must know that the number of short orders placed by Wanguo Securities this afternoon alone requires at least tens of billions in terms of margin calculations.
It is simply impossible for Wanguo Securities to have so much capital.
Therefore, Guan Jinsen must have taken advantage of the loophole and conducted illegal operations.
No matter what Guan Jinsen did, Wei Wenyuan, as the general manager of the Shanghai Stock Exchange, could not escape the responsibility of an oversight.