Chapter 1046 [Frequent and embarrassing operations are really difficult to collapse]
In the afternoon, Tian Jiayi came back from the company.
After entering the villa, she went to the study room on the second floor and found Fang Hong: "We have received some of the latest reliable news. The management is going to come up with a latest rescue measure. It will take effect from the date of issuance of the notice, restricting the rights of directors and senior supervisors of listed companies."
Reduce holdings.”
Tian Jiayi looked down at the content of the document he brought over and said: "Specifically, within six months from the date of issuance, controlling shareholders of listed companies and shareholders holding more than 5% of the shares, directors, supervisors, and senior managers are not allowed to pass the second
Reduce the company's shares in the secondary market. Major shareholders of listed companies and their directors, senior management and supervisors who violate the above regulations and reduce the company's shares will be severely dealt with."
"If the stock price of a listed company has fallen by more than 30% cumulatively for 10 consecutive trading days, directors, supervisors, and senior personnel will increase their holdings of the company and promise not to reduce their holdings of the company's shares in the next six months; the equity shares of the listed company will reach or
If the amount exceeds 30% of the company’s issued shares, the increase in holdings shall not exceed 2% of the company’s issued shares every 12 months.”
This situation is a bit like the "supervision team" holding the equalizer of all beings against their heads to support the market.
Fang Hongyan said briefly and comprehensively: "Has it been printed and distributed?"
Tian Jiayi replied: "The notice should be issued tomorrow, but many people must have learned about it through some channels."
Hearing this, Fang Hong was speechless for a moment. He just shook his head but didn't say anything.
However, Tian Jiayi immediately complained: "To be honest, I really can't understand this news. You can encourage directors and senior managers to increase their holdings, and you can encourage directors and senior managers not to reduce their holdings. There is no problem, but it should not be mandatory not to reduce your holdings. Let's take it for granted.
The starting point is good, but it is really difficult to explain in one word. After the market game, it will inevitably turn to the opposite direction."
The beautiful assistant added: "This will cause some directors and senior managers who did not intend to reduce their holdings to cash out part of their holdings in advance to avoid unknown changes in the future. Moreover, the biggest problem is that it is still impossible to actually restrict the directors and senior managers who originally planned to cash out. A
They don’t need to reduce their holdings in H shares, but they can reduce their holdings in H shares, and this notice has nothing to do with H shares.”
A more straightforward translation of this matter is: You listed companies, big and small, the directors, senior supervisors, and high-level executives have cut too hard to cash out, and you are not allowed to cut again. And those who cut too hard in the past have to spit out some for me to buy back. No.
Go? See if I will agree if I hold the instrument of equality of all living beings in my hand!
Tian Jiayi is obviously not defending those directors, senior executives, and cashing out at high positions. Instead, he believes that this method will not only not help the current market rescue, but will add chaos and cause greater panic and selling. The most important thing is that it also misses the H shares.
, many companies, especially heavyweight blue chips, are listed not only on A-shares but also on H-shares.
Well, directors and supervisors, big and small are not stupid, especially some of the refined egoists inside. They will quickly realize that if I can't reduce the big A, then I will go south to reduce the H shares and it will be over.
Even if there is no violation, you can still reduce your holdings and cash out.
Even someone like Tian Jiayi, who is not a trader, can conclude that H shares will face unprecedented huge selling pressure tomorrow. How can the plunge of H shares not affect the market sentiment of A shares?
The most important thing is that the notice has not yet been issued. Some people who have learned the news in advance will definitely reduce their holdings early tomorrow morning. Your notice has not been sent, and I don’t know. You can’t count me as violating the rules if I reduce my holdings.
Fang Hong did not comment too much on the matter. He skipped it and asked: "What other news is there?"
Hearing this, Tian Jiayi immediately replied: "Oh, there is another news. The Securities Finance Company has received sufficient liquidity support from Yangyang Bank and provided 270 billion yuan of credit lines to 22 securities companies through stock pledges for the securities companies' self-operation.
Increase stock holdings.”
"Okay, tomorrow the securities sector will open immediately." Fang Hong came to the conclusion directly. He took a deep breath. It's really hard to break down. Your crazy Cary is amazing all the way, but he can't withstand the flying blows sent by his teammates.
.
The market's immediate interpretation of this information will inevitably mean that the brokerage firms are required to spend their own money to protect and take over the market.
This matter depends on how the market interprets and understands it. Different understandings lead to very different conclusions. If the market can rise sharply later, then the brokerage companies can both protect the market and buy the bottom successfully, which will definitely be good for the brokerage stocks.
; If the market continues to fall sharply later, then the brokerage's protection is equivalent to taking over the market, which will definitely be bad for the brokerage stocks.
The question is, what is the current market situation like? Investors’ confidence has plummeted along with the market.
Some investors who have lost money have been crying all night during the past few days. The last time it fell from 6124 to more than 1600 points, the loss was not as bad as this time, because the volume last time was not as crazy as this time, and the last time it fell
It takes a long time, and although it hurts, it is not life-threatening. But this time is different. The amount of leverage can be extremely large, and the time is short. Some people even have twenty years of wealth accumulation wiped out in just one month.
It was definitely screaming in pain.
In this market state, with all the good news ahead of them unable to hold back, would investors dare to believe that the brokerage's self-operated funds have succeeded in bargain hunting? They must first identify the takeover, then don't think about it, it will definitely be interpreted as a big negative and vote with their feet.
There are evil short-selling forces outside who are eyeing it, and there are frequent manipulations inside. Even if the gods come, they can't save Big A's market tomorrow.
…
The next day, Wednesday, July 8th.
Fang Hong came to the headquarters of Qunxing Capital at eight o'clock in the morning today. When he came to the trading hall, he immediately ordered: "Go and make arrangements. Contact those institutions. If there are small and medium-sized index funds that have not opened the subscription channels, let them open them all today. We will
The scale increases holdings indirectly, and those that have been opened also increase holdings."
Having said this, Fang Hong conveniently turned to the indexes related to small and medium-sized enterprises, looked at the GEM index, and couldn't help but sigh: "It's really difficult for big A investors. So many investors regard the word 'K God' as their belief."
, we must be worthy of these two words."
The subordinates immediately carried out the order from the big boss and contacted the major public fundraising institutions. The major institutions that received the news would definitely welcome it. Now they are worried about the lack of liquidity. Someone has sent it. Needless to say.
In an organization, several senior executives are chatting with each other at the moment.
One of the vice presidents said incomprehensibly: "This recent market operation by Fang Hong is really hard to understand. What do you think he is trying to do? In two days, no less than 400 billion yuan of real money has been poured into it."
Alright?"
The executive next to him immediately said: "There must be something up his sleeve. He has stolen all the limelight in the past two days of bailing out the market. Everyone else has become a foil. He went to the Beijing meeting and said 80 billion. Good guy, he just did this."
The higher-ups must be very happy to spend 400 billion yuan on it in two days. If you ask me to put it bluntly, this is just an act of flattery."
He then added: "Today, small and medium-sized enterprises have started to be promoted again. Most of the investors are trapped in it and can't get out. Everyone treats this place as an abandoned place and ignores it. When everyone gave up here, Fang Hong was close to the investors.
When he was desperate, he suddenly made a twist and raised his hand, and won the hearts of the people. I have to say that he was really clever. Some top old foxes are only as sophisticated in planning."
The CEO of the agency present immediately said: "What you said is a little bit like a villain's heart, and you are trying to judge a gentleman. The situation is open. A gentleman is a gentleman who talks about his deeds but not his heart. There is no perfect person in the world. No matter how you say it, you will take 10,000 steps back."
, these 400 billion are real money and silver, and judging from the current situation, it is far more than this amount. The established fact of real money and silver cannot be faked, right? Who can achieve such a conscious state? Even if the other side is therefore
To be appreciated from above and win people's hearts from below, isn't it natural and right?"