On the first working day after the holiday, early in the morning, as the A50 futures crashed by 2 points, the call auction on Big A's side had not yet started, but panic had already begun to spread.
What the shareholders of Big A don’t know is that yesterday, when the industry was basically focused on Tiansheng Capital’s annual shareholders’ meeting, a group of overseas capitals also joined hands with a group of mainland private equity funds to have secret discussions to quickly reach a deal. Today,
Shorting Tiansheng Holdings, and then shorting the entire A-share market.
Using sudden news to create short-term violent irrational panic fluctuations in just one or two days, reaping a bloody bargain, is a financial blitzkrieg.
This is obviously very difficult to do. Foreign capital wants to stir up trouble in Big A, but since the daily balance of Southbound Trading is over RMB 50 billion, it is necessary to find help from "insiders". This time, the "insiders" colluded with each other.
"Ghost" is not just one or two private equity firms, but a large number of them.
The strategy of foreign investment is actually simple, and it has already begun.
The first is to conduct aggressive short selling overseas against the FTSE A50 futures index. This is a real-time tradable index launched by FTSE Index, one of the four major index companies in the world, mainly to meet the needs of overseas institutional investors. The A50 Index
It includes the 50 companies with the largest market value of Big A, and their total market value accounts for more than one-third of the total market value of Big A.
In many cases, how A50 moves in early trading has a certain emotional impact on the opening of Big A that day, and sometimes the impact even affects the opening of Big A's call auction.
At this moment, the A50 futures index has plummeted by more than -2%. Coupled with the sudden negative event in the early hours of last night, the market sentiment has long been panicked.
Then, the strategy of foreign capital is to concentrate firepower on Tiansheng Holdings. Now even the many new retail investors in Big A know how much the rise and fall of the stock king affects the overall market trend. Now it is known as Big A
Stocks generally exist as "eyes of formation".
When the king of stocks rises, the market may not rise with it, but if the king of stocks falls sharply, the market will basically be unable to withstand it.
As of the closing price of the previous trading day, the total market value of Tiansheng Holdings was 4.75 trillion. With such a huge market value, the combined market value of many industry sectors in the two major cities is not enough.
Currently, there are only five major industry sectors in Big A with a market value exceeding 2 trillion, including the banking sector with 10.58 trillion, the securities sector with 7.38 trillion, the insurance sector with 3.81 trillion, beverage manufacturing (liquor) with 2.45 trillion, and the real estate development sector with 2.11
Trillions.
The three financial fools are at the front, and the two liquor and real estate sectors at the back are not as high as Tiansheng Holdings alone. As for the industry sectors further back, let’s not mention them.
The only two major sectors that can hold down the king of stocks are banks and securities firms. What’s terrible is that Tiansheng Holdings itself is also in the securities sector.
Therefore, the statement that the stock king now has the "eyes" of the two major A markets is not wrong to a large extent.
The weight ratio is too large.
The strategy of foreign capital is that as long as they can defeat the most powerful idea of the stock king on that day, Big A’s market will undoubtedly crash that day, but it is not that easy to defeat the stock king.
The main players of Guo Jia Team are all gathered inside, and almost half of the top ten shareholders have the names of Guo Jia Team organizations on them.
Since the game at the end of the first quarter last year, the current market consensus is that no one will maliciously short Tiansheng Holdings, and it is impossible for anyone to do so, let alone successfully do short selling.
There is only one existence that can do it, and that is Team Guo Jia, but this is obviously impossible. Team Guo Jia can at most use stock kings to suppress or pull down the index when necessary, so as to control the market temperature.
Function, malicious short selling is unreasonable.
Because of this, Tiansheng Holdings has always had a balance of securities lending, which has reached 1.6 million shares, accounting for 2% of the total share capital, with a total market value of almost 100 billion, and can be loaned out for short selling at any time.
But no one dares to do this!
Only Guo Jia team occasionally used this securities lending balance, and not long ago on March 8, when the entire market was rising wildly, the management hinted that the rise had gone too far, so Guo Jia team lent a sum of money to sell short.
The stock king hit a lower limit to cool down the frenzied momentum.
Therefore, the current consensus in the market is that it is impossible for stock kings to have short sellers, unless they are stupid and have too much money.
As for this, foreign investors think they can make a reverse attack. Don’t you think no one would dare? I want to do it, and I have to do it hard, and fast. To launch a financial blitzkrieg is to highlight the word fast!
Another point and the most important point is that foreign investors choose Tiansheng Holdings as their core goal because they want to eat up the short positions and take the long positions, bring down the stock price quickly and then backhand to go long. Foreign investors have to admit that this company is really good.
Nowadays, it is too difficult to get chips of less than 50,000 yuan per share from the king of stocks. In a rational market under normal circumstances, it is basically impossible to get chips of less than 50,000 yuan.
In addition to actual trading strategies, public opinion must also be used, and the short side is ready for this.
…
Around nine o'clock in the morning, Tiansheng Capital headquarters, chairman's office.
"Please come in!"
Lu Ming, who was sitting at his desk, responded. He looked up and thought it was assistant Han Qiulin, but what came in was Su Xiaoman, who was in charge of the subsidiary Tiansheng Fund.
"At my old employer, Cai Lian Securities, the general manager of Cai Lian just called me personally and told me an inside message. Someone is lending me a large amount of Tiansheng's stocks. It is suspected that they are going to short-sell today.
Tiansheng."
Su Xiaoman came to Lu Ming's office to report the matter. After hearing this, he couldn't help but ask: "Team Guo Jia? No no..."
Lu Ming immediately shook his head and added: "There is no reason to take the initiative to suppress the index in this position. Who is borrowing securities?"
Cailian Securities and Tiansheng Capital are one of the very close partners and have a very good relationship. The brokerage holds 1 million shares of Tiansheng Holdings and has a securities lending balance of more than 60 billion.
The top manager of the securities firm just told Su Xiaoman the news because the data showed that the person doing the securities lending this time was not Guo Jiaqiu, and the scale of the securities lending was huge. Something was unusual, so he hurriedly called to say hello.
Su Xiaoman replied: "The information given to me there is about dozens of private equity institutions. A fax will be sent to these institutions in half an hour. In addition, Financial Lian Securities also reports to the management.
pass."
Someone is suspected of wanting to short-sell Tiansheng Holdings on a large scale. Either they are too brave or something big is about to happen, so they dare not hide it and report the situation to their "parents" as soon as possible.
At this time, Su Xiaoman looked at him and asked, "Should we make a plan to protect the market?"
Lu Ming, who was thinking about it, shook his head when he heard this and said: "It's not necessary. It's hard for us to take action. Team Guo Jia occupies so many hills... I'm thinking about who these private equity institutions are listening to."
Yes? Today is indeed an opportunity to complete the work. The bidding has not yet started, but the market atmosphere has already begun to heat up."
Su Xiaoman said uncertainly: "Are these private placements linked to overseas capital?"
Tiansheng Capital can play with diving funds, shadow shareholders, and layers of nesting doll operations. Others can do it, and foreign capital can of course do it, but it is difficult to get out in big A. There is too much money to get out.
Because there are foreign exchange controls at home, unlike Lu Ming overseas, capital flows globally and currencies are freely convertible.
Lu Ming said solemnly: "This possibility cannot be ruled out. There are also many insiders who lead the way. Let's see and then talk about it. Let's start a game on Tiansheng Holdings. It is the home of the home. Let's see how the market performs first.
."
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