For countless people who follow China's financial markets, this is a shocking day.
The bull camp is full of grief, and even onlookers who have nothing to do with it are still worried.
According to rumors, the total value of the short orders placed by Wanguo Securities in the last eight minutes was 211.2 billion yuan. This is only for successful transactions. I heard that nearly half of the short orders placed by Wanguo Securities were not successfully traded in the last eight minutes.
.
As soon as the news came out, almost all institutions involved in long-selling calls immediately called the China Securities Regulatory Commission to report the situation.
Said to be a reaction, it is actually nothing more than two points.
First, he cried out about the tragic situation of imminent bankruptcy, then denounced Wanguo Securities for its illegal operations, and finally hoped that the relevant departments could sanction Wanguo Securities in time and bring justice to the market.
From afternoon to evening that day, the phone number at the office of Geng Liang, director of the Futures Department of the China Securities Regulatory Commission, was almost buzzing.
However, Geng Liang didn't answer a single call, and he didn't even have dinner. He participated in the emergency meeting of the China Securities Regulatory Commission until evening.
Likewise, Geng Liang was not the only one who participated in the emergency meeting.
The 327 national debt caused such a big mess, many institutions faced bankruptcy, and hundreds of billions of illegal funds appeared on the market.
If no timely and effective treatment is taken, the entire futures market will collapse, and more importantly, it will cause a series of problems.
From issuance to supervision, and even the lag in risk control, various problems are vividly reflected in this 327 treasury bond.
Therefore, that afternoon, under the chairmanship of Wei Wenyuan, the Shanghai Stock Exchange held an emergency meeting to discuss how to deal with the issue of 327 treasury bonds.
It is naturally impossible to leave it alone. The Shanghai Stock Exchange cannot be blamed for the various problems exposed in the 327 national debt. Wei Wenyuan made a decision immediately.
Cancel order!
The transactions of Wanguo Securities in the last eight minutes were completely nullified.
As soon as Wei Wenyuan said this, all the senior executives in the conference room changed their expressions upon hearing this.
"Mr. Wei, the impact of the cancellation of the order is not small, so we need to think deeply about it!"
"Yes, the transaction of Wanguo Securities has been successful. If we, the Shanghai Stock Exchange, cancel the order without authorization, I am afraid it will damage the credibility of the Shanghai Stock Exchange in the minds of shareholders."
…
Almost half of the people in the conference room were opposed to Wei Wenyuan's decision.
There is no reason to take back the water that was thrown out.
If the Shanghai Stock Exchange really does this, wouldn't it tell everyone in disguise that the market fairness they keep talking about is a joke?
"I'm not discussing this with you. The decision to cancel it has been made. In addition, I have asked someone to issue an announcement in the Shanghai Securities News in the name of the Shanghai Stock Exchange. The notice will be published in the newspaper tonight at the latest."
Facing everyone's gaze, Wei Wenyuan said with a serious face.
As the general manager of the Shanghai Stock Exchange, Wei Wenyuan always sticks to his word, and everyone here knows it, so no one dares to disobey the decisions made by Wei Wenyuan.
But the impact of the 327 national debt is too great. This is not just Wei Wenyuan’s problem. If one person is not handled well, it will even affect everyone here.
Knowing what these subordinates were thinking, Wei Wenyuan faced everyone's hesitant eyes and said in a deep voice: "The decision was made by me alone and has nothing to do with you. No matter what impact the 327 national debt incident has on the Shanghai Stock Exchange, I, Wei Wenyuan,
One person can carry them all."
"Mr. Wei, that's not what we meant..."
After hearing Wei Wenyuan's words, some people at the table hurriedly defended themselves.
But without waiting for anyone to say anything else, Wei Wenyuan turned around and left without looking back.
At this time, everyone present looked sad as they watched Wei Wenyuan leave, but they could also tell that each other was relieved.
As long as Wei Wenyuan is really willing to shoulder all the responsibilities, they will naturally be happy and free.
…
At seven o'clock in the evening.
It has been four hours since the 327 Treasury bond market closed.
As the sky darkens, the Shanghai Stock Exchange still looks lively and lively.
For ordinary people, it seems that this day is no different from the past.
Go to work and get off work as usual, wait at a crowded bus stop, and go home to enjoy a happy life with a hot bed with your wife and children.
But this day, for some people who were originally aloof, was extremely painful.
Liao Province Guofa Group.
The two brothers Gao Ling and Gao Yuan sat slumped in the office for several hours.
Snapped!
When Gao Ling hung up the phone again, Gao Yuan hurriedly stepped forward to ask questions.
"Brother, what does President Zhao say? How will the 327 treasury bonds be handled in the future?"
Gao Yuan was so worried that the two brothers almost used all their connections to inquire about the outcome of the 327 national debt.
No one would have thought that Guofa Group would switch sides and stab Wanguo Securities in the back.
The Gao brothers spent almost all their funds to join Wei Wei's long alliance.
However, when the 327 national debt was rising and the brothers thought they could make a big profit this time, Guan Jinsen suddenly took action and taught the two brothers a painful lesson.
A leverage of forty times is enough for Guofa Group to declare bankruptcy and liquidation.
"There is no news from President Zhao yet."
In front of Gao Yuan, Gao Ling shook his head and said.
Both brothers looked defeated at this moment.
If they had firmly followed Guan Jinsen in short selling, the Guofa Group would have already made huge profits. However, the two brothers did not expect that Guan Jinsen could successfully short sell the 327 Treasury Bonds despite having such good news.
"Guan Jinsen is really too scary. It's our brothers who are in trouble this time."
Gao Yuan slumped in his seat and muttered to himself.
No matter how much you regret in your heart, time cannot go back.
"At this time, no news is the best news. Guan Jinsen's actions have attracted the attention of the higher authorities. I can't believe that the results will come out tonight."
Looking at his brother Gao Yuan in front of him, Gao Ling calmed down and said.
After all, the two brothers experienced the 314 national debt crisis last year. If the superiors had not intervened, Guofa Group would have faced bankruptcy long ago.
At this moment, the only hope for the two brothers is, of course, just like last year, hoping that the superiors can personally end the situation.
"That's right, only in this way can we have a chance of survival!"
Hearing his elder brother Gao Ling's words, Gao Yuan felt a glimmer of hope in his eyes.
At this time, no news should be the best situation. This shows that the abnormal situation of 327 national debt has attracted the attention of the superiors.
As long as the superiors personally participate in the deliberations, things will definitely come to a conclusion.
The two brothers are not fools, and they naturally know that at this juncture, neither Wei Wei nor Zhongjing Kai can count on anything.
However, the two of them may not know it yet.
Just when the two of them were devastated, a piece of news that shocked everyone was published in a newspaper in Shanghai called "Shanghai Securities News".
The Shanghai Stock Exchange urgently announced: In response to the abnormal trading of 327 Treasury Bonds today, order cancellation operations will be implemented. Therefore, all transactions of 327 varieties after 14:52 minutes and 13 seconds are invalid. This part of the transaction will not be included in the settlement price, trading volume and
According to the range of positions, after adjusting for this, the trading volume of government bonds on that day was 540 billion yuan, and the closing price of 327 varieties on that day was the last transaction price of 151.30 yuan before the violation.
As soon as the report came out, it first caused quite a stir in the Shanghai Stock Exchange.
No one expected that the Shanghai Stock Exchange would act so quickly, and even before the higher authorities had made a decision, the Shanghai Stock Exchange had already issued a handling announcement.
Cancel order!
As soon as these two words came out, the response was naturally violent.
For a time, not only the Shanghai stock market business and financial circles, but even countless stock investors were shocked.
If the decision of the Shanghai Stock Exchange is followed, the situation of 327 Treasury Bonds will be completely overturned in just four hours.
Transactions made eight minutes after the end of the trading session were invalid, which was tantamount to a naked announcement that all the efforts of Wanguo Securities were in vain.
Those tens of millions of empty orders are just a pile of waste paper.
The price of 327 treasury bonds still hovered at a high of 151.30. The result was a huge victory for the bulls and a disastrous defeat for the short side, Wanguo Securities.
As soon as the news came out, it reached Teng Wei's ears in less than ten minutes.
He took the newly issued Shanghai Securities News and hurried to Guan Jinsen's office.
"Director Guan, something serious has happened!"
Teng Wei barged into Guan Jinsen's office yelling, not even bothering to knock on the door.
And in the office, Guan Jinsen was neatly dressed and sitting motionless behind his desk. His face was dejected, and he was sitting there as if he was petrified, with his eyes dull.
"Failed, completely defeated!"
Guan Jinsen murmured, his eyes were dull, and he turned a blind eye to Teng Wei in front of him.
On Guan Jinsen's desk, there is also a copy of the Shanghai Stock Exchange Securities News.
"Wei Wenyuan's ruthless tactics are why I underestimated his determination to cut off a strong man's wrist."
Guan Jinsen slowly raised his head and looked at Teng Wei in front of him.
Others may not know, but Jin Sen doesn't know.
The Shanghai Securities News was founded by General Manager Wei Wenyuan, the son of the Shanghai Stock Exchange. It is a department under the Shanghai Stock Exchange and is edited by Wei Wenyuan.
It can be said that the Shanghai Securities News is the external news department of the Shanghai Stock Exchange. Any news sent through the Shanghai Securities News can almost represent the meaning of the Shanghai Stock Exchange.
Obviously, the superiors had not even come up with the result of the discussion. In just a few hours, Wei Wenyuan had already made the decision to cut off the man's wrist.
He shouldered all the responsibilities and removed the last eight minutes of trading by Wanguo Securities. Although this would damage the credibility of the Shanghai Stock Exchange, it was undoubtedly the most effective means of stabilizing the market.
Guan Jinsen had not expected this before, but based on his understanding of Wei Wenyuan, he was confident that the other party would never have the courage to make the decision to cancel the order.
However, although Guan Jinsen's guess was accurate, he never expected that Tang Xianrong would appear next to Wei Wenyuan.
There is no perfect plan in the world. All it takes is one variable and everything will change.