Chapter 1203 The bet was right

In New York, USA, at the headquarters of the Quantum Fund, Soros frowned as he looked at the busy team.

The good mood before was gone. Even though he knew that the Chinese official's countermeasures were bound to come, he did not expect that the Chinese official would stab him in the heart at this juncture and from such a strange angle.

"This move is indeed Li Jin's style. It is beautiful, light and hits the point directly."

Rogers' voice came from beside him, causing Soros to turn his head and said, "What do you think we should do now?"

"The attack on the factions of the Huizhou Chamber of Commerce cannot be stopped, and the intensity must be increased."

Rogers thought about it and said, "In fact, including you and Li Jin, you have ignored a very important issue."

"Yes, the listing of these state-owned enterprises will drive a lot of private capital, and even foreign capital, to enter the China A-share market and buy the stocks of these state-owned enterprises, but this will exactly create a siphon effect."

"As the core of absorbing capital, these state-owned enterprises absorb not only external funds, but also funds from other companies' stocks in the A-share market. They are worried that they have no place to avoid risks, but when these state-owned enterprises come, they will inevitably Selling the stocks in your hands and choosing to buy the stocks of state-owned enterprises is the nature of capital, and neither the Chinese official nor Li Jin can change it."

"Under such circumstances, the A-share market seems to be stable, but in fact most of the funds have been sucked away by state-owned enterprises, leaving the company's stocks, which is difficult."

"This is also our chance to completely defeat the Huizhou merchant faction."

Soros frowned and said: "But in this case, our funds shorting the market index will be lost."

"This is inevitable."

Rogers patted Soros on the shoulder and said: "There are indeed winners in the capital market who take all, but there is no god who can always win money without losing money. You and I, and our investors, Everyone will accept it.”

Soros nodded slowly and said, "Yes, you are right...Then we will increase our efforts to collapse Huizhou merchants."

At this moment, the press conference ended in a flash, and the collective bidding stage officially ended.

In the futures market, the tug-of-war for grain continues, and while the two sides are still exchanging hands at 1 million per minute, the A-share market has already set off huge waves.

A large amount of money poured in from the outside, including domestic social funds and foreign hot money. These hot money poured into the A-share market like sharks smelling blood.

Their goal is unified, that is, this group of newly listed state-owned enterprises.

Led by Two Barrels of Oil and supplemented by the communications industry, the stock prices of these state-owned enterprises have soared wildly, taking the sectors and the market along with them.

"Ten minutes after the opening, A-shares opened at 10 points, opening higher and moving higher. It is currently at 2434 points, and is hitting the key point of 2499 points. It should not be very difficult to break through this point. Among them, newly listed state-owned enterprises have all reached daily limit as soon as they opened. , there is still a massive influx of funds, and while the daily limit is sealed, the quotation is still rising."

Wei Yan suppressed his excitement and said: "According to this situation, it is not a problem for these state-owned enterprises to create more than 15 daily limits for the market."

"Thanks to the good news from these state-owned enterprises, the stock prices of sub-sectors related to the upstream and downstream industrial chains are also rising, and the market is getting better!"

At the moment Wei Yan's words came to light, the A-share market officially broke through the 2500-point mark, and soared 10 points in one breath. It began to slow down its offensive near 2510 points, but it was still rising.

"it is good."

Li Jin breathed a sigh of relief and said, "This bet was right."

The market sentiment was more enthusiastic than Li Jin imagined. This batch of state-owned enterprises sealed their daily limits within minutes of their listing, bringing nearly tens of billions of funds to the entire A-share market, and this inflow is still increasing.

This hot money not only revitalized the A-share market, but also dissipated a lot of the dark clouds that had been hanging over the market recently due to the attack by Quantum Fund.

In the next two hours, the market points continued to conflict with 2510 points and broke through several key small points such as 2550 points and 2590 points. However, just when it was about to hit the high of 2600 points, an accident happened.

The three major sectors of tea, timber, and textiles suddenly encountered an unprecedented fierce attack. Almost all listed companies in this sector saw their stock prices plummet and began to dive rapidly.

Even the textile industry, which Li Jin had been maintaining and supporting before, was still defeated immediately when faced with a large number of empty orders, which was extremely miserable.

The direct chain reaction of this is that the entire upstream and downstream industrial chains have been affected, and the clothing, cloth, furniture, and beverage markets are all in crisis.

As a result, a unique spectacle appeared in the A-share market.

On one hand, energy, communications and other sectors surged, while on the other hand, light industrial industries such as textiles and wood plummeted.

The two worlds of ice and fire directly brought about a geometric exponential increase in trading volume and violent fluctuations in market prices.

At this time, Li Jin also realized the key issue that Rogers had pointed out.

The siphon effect brought about by the listing of state-owned enterprises has begun to take effect.

Almost all the hot money in the market has been sucked away by these state-owned enterprises. The price of the surge in related sectors is the plunge in the light industry industry where Huizhou merchants are located.

And because hot money has been sucked away, market capital has begun to pursue the sector where state-owned enterprises are located, and it has become extremely difficult for Li Jin to protect the market.

"Mr. Li, do you want to intervene?" Wei Yan asked hurriedly.

Li Jin pursed his lips and said nothing.

He is thinking.

At this time, Li Songci was standing beside him without knowing it.

Wei Yan was so anxious that he didn't dare to disturb him.

It was Li Songci who gently put his hand on Li Jin's shoulder and said, "You are not a god. You cannot be perfect. The most sensible thing to do at this time is to give up."

"The A-share market has price limits. The worst that can happen is a 10% drop in one trading day, so bear with it for now."

Frowning his brows, Li Jin knew that what Li Song Ci said was correct, but...

After exhaling, Li Jin said to Wei Yan: "Give up."

Wei Yan also breathed a sigh of relief, not sure whether he was happy or disappointed, and then he turned around and went out.

Just when Wei Yan was about to go out, someone bumped in from outside.