The closing price of 327 Treasury bonds stopped at 147.40 yuan.
In the office of China Economic Development Corporation.
Dai Xuemin and Wei Dong both sat slumped in their original positions, their eyes filled with unbelievable shock.
"How is this possible? We have clearly penetrated the margin of Wanguo Securities. Where did Guan Jinsen get so many short orders?"
Dai Xuemin said with an ugly face: "There are tens of millions of empty orders, and the deposit alone is at least tens of billions. In the last eight minutes, we lost at least two billion to enter."
After hearing this, Director Wei also thought deeply: "The losses of many parties are at least several billion. Where did Guan Jinsen get the money?"
"Do you think it is?"
Dai Xuemin suddenly looked at Director Wei. He didn't say anything at the moment, but Director Wei already understood.
"If Guan Jinsen really dares to do this, he is really crazy."
Wei Dong said with a gloomy face:
"No matter what, our losses this time are not small, and many long-selling institutions will also suffer. I must understand the situation as soon as possible."
After saying this, Wei Dong immediately turned around and left.
But looking at Director Wei's leaving figure, Dai Xuemin felt extremely uneasy in his heart at this moment.
This time, China Economic Development Bank made a desperate move to buy 327 treasury bonds. Although he listened to Director Wei, the general manager of the sales department was Xuemin. If something really happened, his position as general manager would be over.
.
…
at the same time.
International Stock Exchange.
In the hall, 327 Treasury bonds plunged seriously in the last eight minutes of trading, resulting in heavy losses for the long camp today.
At this moment, even the spectators who were not involved in the transaction were discussing the matter in the hall.
The trading volume of 327 Treasury bonds is so large that it is almost unimaginable for ordinary people.
Especially at the last minute, everyone was speculating on who had placed the huge short order of more than 7 million contracts.
In the hall.
Chu Tianyao had already stood up and left.
Lu Qiuyu followed Chu Tianyao, but his expression was not very happy.
147.40 yuan, which even fell below yesterday's closing price.
If Chu Tianyao had listened to her before and cleared his position, he would not have suffered so many losses today.
"Why don't you throw it away tomorrow?"
In front of the gate of Wanguo Securities, Lu Qiuyu couldn't help but persuade Chu Tianyao.
After all, I have witnessed with my own eyes the fierce competition between the long and short sides of 327 Treasury Bonds today, and even a layman like Lu Qiuyu still has lingering fears.
If this happens again tomorrow, I am afraid that the 327 national debt will even fall to worthless.
"Now, I can't even think about throwing it away."
Chu Tianyaozhong said with a playful smile, and then he reached out and stopped a taxi on the street.
"It's been so long and you can still laugh!"
Giving Chu Tianyao a blank look, Lu Qiuyu muttered.
Although there was a loss today, seeing Chu Tianyao's attitude that he planned to liquidate the 327 treasury bonds, Lu Qiuyu secretly breathed a sigh of relief.
No matter what, as long as Chu Tianyao sells it tomorrow, it will be considered a profit stop.
Streets with endless traffic.
Before getting into the taxi, Chu Tianyao turned his head and glanced at Wanguo Securities behind him.
It was the first securities company on the Shanghai Stock Exchange and is still in the limelight even today.
But no one thought that the myth of all nations created by Guan Jinsen would be destroyed today.
Chu Tianyao got into the taxi without looking back, and returned to the hotel with Lu Qiuyu.
While feeling emotional, Chu Tianyao was also grateful that he could witness this day with his own eyes.
Everything completely coincides with the historical trajectory.
Guan Jinsen and his Wanguo Securities finally chose the dangerous path of risking death and surviving.
Unfortunately, the goddess of luck did not favor him this time.
Just when Chu Tianyao left.
On the second floor of the International Stock Exchange, after the transaction ended, more than a dozen traders sat in front of the computer, sweating profusely.
They had just controlled many seats, and they had driven down the price of 327 Treasury Bonds in just a few minutes.
A rough estimate is that in the past eight minutes, Wanguo Securities relied on its strong short selling to suddenly turn a loss into a profit.
"Based on current prices, we can earn at least 4 billion."
He Zhongqing looked at Guan Jinsendao in front of him, with excitement in his tone.
Not only He Zhongqing, but all the executives of Wanguo Securities present had a look of uncontrollable excitement on their faces.
In an extremely disadvantageous situation, Wanguo Securities actually turned defeat into victory.
And this battle is destined to be recorded in history.
However, compared to the excitement of everyone at this moment, Guan Jinsen's face did not show much joy, but instead he looked worried.
"Director Guan..."
Teng Wei, the general manager of the brokerage headquarters, walked up to Guan Jinsen and looked worried.
Others may not know it yet, but he clearly knows where the tens of millions of short orders from Wanguo Securities come from.
Naturally, Wanguo Securities does not have tens of billions of deposits.
However, these short orders that have been successfully traded are naturally not legal.
"I'm tired, let everyone go back and rest."
After waving his hand at Teng Wei, Guan Jinsen turned around and left indifferently.
He has already made a fatal move, and it is not up to Guan Jinsen to decide whether there is a chance of survival next.
In the trading room on the second floor.
Teng Wei hesitated to speak and just looked at Guan Jinsen's leaving figure.
…
at the same time.
The Shanghai Stock Exchange after the market closes.
In the office, Wei Wenyuan was like an ant on a hot pot, walking around anxiously.
"Old manager, old manager, you've done me a terrible job now."
Wei Wenyuan muttered to himself, his face full of sadness.
He knew that there was a problem with the position held by Wanguo Securities. Since he had a good personal relationship with Guan Jinsen, the Shanghai Stock Exchange had always turned a blind eye to some of the trading procedures of Wanguo Securities.
But Wei Wenyuan never expected that Guan Jinsen would be so bold and dare to place tens of millions of empty orders.
Isn't this a clear attempt to drag him into trouble?
Wei Wenyuan couldn't help him wipe this butt, and he didn't have the ability.
Right now, all he can think about is how to protect himself!
Geng Liang was so angry that he slammed the door and left. This matter must have been reported to the superiors. As for what kind of decision the superiors would make, Wei Wenyuan was not sure.
Bang bang bang!
Just when Wei Wenyuan was in a state of confusion, there was a knock on the door outside the office.
"Didn't I tell no one to bother me..."
"Mr. Wei, it's me!"
A rich male voice came out, and Wei Wenyuan's expression changed immediately when he heard it, and he quickly stood up and opened the door.
"Xianrong, you are finally here."
Wei Wenyuan welcomed the people in.
Tang Xianrong, general manager of Haitong Securities, is also considered a man of the hour in the Shanghai Stock Exchange financial circles.
As early as the end of the morning trading of 327 Treasury Bonds, Wei Wenyuan received a call from Tang Xianrong at noon. The other party specifically reminded him of the abnormality of the early trading of 327 Treasury Bonds. Unfortunately, Wei Wenyuan was busy with meeting Geng Liang in the afternoon and did not tell what Tang Xianrong said.
Keep it in mind.
Now, what Tang Xianrong said has really come true. Wei Wenyuan feels extremely regretful, but he also knows that no matter what he does at this moment, it will be of no avail. He can only invite Tang Xianrong to find a solution.
"Thinking about it, you should be clear about everything, right?"
Wei Wenyuan asked Tang Xianrong.
Tang Xianrong nodded and showed a wry smile.
"Is there anyone in the entire Chinese financial community who doesn't know about this? Wanguo Securities' strong short selling has caused many bulls led by China Economic Development Bank to liquidate their positions. This is almost a financial disaster."
As the CEO of Haitong Securities, Tang Xianrong has naturally paid attention to the situation of 327 Treasury Bond futures for a long time. However, after weighing the pros and cons, Haitong Securities did not participate in the trading of 327 Treasury Bonds.
"Xianrong, you and I have been friends for many years. If something like this happens now, the Shanghai Stock Exchange may not be able to escape the responsibility of oversight. What do you think I should do?"
Wei Wenyuan slumped down on the sofa chair and had no energy to pour tea for Tang Xianrong. He just said with a bitter look on his face.
On the side, Tang Xianrong couldn't help but sigh.
"You have been away from this market for half a month, and your market sense has deteriorated. But I have never left this market. The market sense tells me that under today's incomplete system, there will definitely be problems with 327 treasury bonds."
Tang Xianrong had obviously expected this, so he did not choose to enter the market rashly.
Leverage of forty times is second, and the most important thing is that the China Securities Regulatory Commission and the Shanghai Stock Exchange obviously still have huge loopholes in their trading supervision of the following institutions.
For example, this time, Guan Jinsen obviously took advantage of these trading loopholes to generate tens of millions of short orders out of thin air.
At this moment, if the Shanghai Stock Exchange went to Wanguo Securities to collect the trading margin, it would be impossible for Guan Jinsen to pay it out.
"There is no other way at the moment. We can't escape punishment, but we can only choose to evade the serious and take the easy."
Tang Xianrong looked at Wei Wenyuan in front of him and said.
Upon hearing this, Wei Wenyuan's eyes suddenly lit up.
"How to show glory and avoid the important and take the easy?"
Tang Xianrong looked solemn, and then whispered in a deep voice: "You only need to do three things. One is to issue an announcement in the name of the Shanghai Stock Exchange in the evening to cancel all transactions in the last eight minutes of the last trading day. The other is to report to the Public Security Bureau and
Report to the city, and third, do not release the liquidation data on that day, pretend that you have no idea about Guan Jinsen’s previous behavior, and completely clean yourself up.”
Hearing this, Wei Wenyuan hesitated and said, "Is this possible?"
"This is already the best self-rescue measure at the moment. When I go back, I will immediately draft an emergency proposal to suspend treasury bond futures trading to the central bank. I hope it will be effective!"
Tang Xianrong also sighed.
The impact of the 327 national debt this time was so great that even he had some palpitations.
The total face value of 327 treasury bonds is only 24 billion yuan, but in today's transaction, Wanguo Securities, which manages Jinsen alone, actually placed a sell order of more than 200 billion yuan.
Preliminary estimates suggest that the total trading volume of 327 Treasury bonds that day was at least close to 800 billion yuan.
Today, all the long-term institutions that participate in long-term trading will lose money, and almost half of them will declare bankruptcy.
After all, they were no longer able to afford the price they would have to pay after going long with forty times the leverage.
If you don't want to see these financial institutions go bankrupt, the only way is to use the invisible hand of macroeconomic control.
Tang Xianrong knew clearly, so he asked Wei Wenyuan to take these three measures.