Chapter 1236 We must bear it!

"Bring it here quickly!"

Soros shouted, and after finishing speaking, he couldn't wait for his subordinates to print out the communiqué, and walked quickly to the computer.

"In view of the increasingly complex economic situation at home and abroad, following the mass listing plan of state-owned enterprises with important assets, the central bank and the Ministry of Finance have obtained authorization to approve the entry of social security funds into the market. The total amount of social security funds entering the market this time is 6000 billion Chinese yuan, aiming to Use the laws of market economy to ensure the positive appreciation of social security funds through capital operations..."

Soros did not finish reading the communiqué, which was only a few hundred words long. Only the first half of the contents made him understand what kind of decision Yanjing had made.

"Damn it, these Chinese people have indeed come this far!"

Soros was furious.

He knew that Yanjing would definitely protect the domestic A-share market, and no country would allow its own financial market to be trampled and harvested by foreign capital, but he did not expect that Yanjing would respond so quickly.

In his expectation, it would take at least 2 trading days for Yanjing to react and take measures, and 2 trading days were enough for him to evaporate at least 1000 billion of China's capital wealth. The limit of 2 shares continued for trading days. Its consequences are bound to be devastating.

But now, most of his calculations have failed.

The impact of this silent communiqué is absolutely huge.

For a country like China, the total amount of its social security fund is absolutely terrifying, and it is precisely because of its terrifying base and participating population that its social security fund is the top priority for the stability of the entire society.

The day has finally come for Chinese officials to use their social security funds.

Although the communiqué did not mention anything about Wall Street capital's actions in the domestic financial market, anyone with a discerning eye can see at a glance that the former was the batch centralized listing of state-owned enterprises, and the latter was the entry of social security funds into the market. These two actions, one after the other, are To resist the invasion of Wall Street capital.

There is no smoke in the financial battlefield, but murderous intent is everywhere.

On the day when 1,000 shares fell to the limit, Yanjing immediately officially announced the entry of social security funds into the market. This represents not only financial significance, but also a stronger political significance.

Therefore, after the outside world felt Yanjing's determination to protect the domestic financial market, private capital immediately swarmed in.

Foreigners who may go on strike or demonstrate at any time will never understand the dependence and trust that Chinese people have on the government.

And this is also Li Jin's purpose.

With a small amount of money, 6000 billion social security funds are used as a guide to mobilize the enthusiasm of all people's capital.

Otherwise, Li Jin is crazy and would not dare to brag about using 6000 billion social security funds to fight Soros's Haikou, which has at least 2000 billion US dollars.

According to the exchange rate, the power in Soros' hands is more than double that of Li Jin's 6000 billion.

When the difference in strength is too great, any skills are just fancy.

The only thing that can fight against Quantum Fund is the capital of the whole society.

"Chairman, after the communiqué was issued, hot money continued to pour in. We suppressed the stock price and shipped goods. These crazy investors bought as if they were risking their lives. Now the situation is out of our control."

Every word of his subordinate's anxious report pierced Soros's heart.

Soros woke up from a dream.

"Is it Li Jin, or is it Li Jin? This is Li Jin's handiwork! Yanjing does not distrust him, but trusts him more. At this time, only a madman like Li Jin can come up with the crazy plan to list the social security fund!"

Thoros yelled.

He was sure that every move that only Li Jin could make in this world would hit his weakest point.

"Fight! Come on!"

Soros's eyes were filled with crazy light.

At this point, both he and Li Jin have no choice but to retreat. The two of them now seem to be standing on a rope hanging high in the sky. If they retreat, they will reach an abyss and they can only move forward.

Meet on a narrow road, the brave wins!

"Avoid the sectors where China's important state-owned enterprises are located, and go all out to short-sell the financial, Internet, and real estate sectors."

The person who knows you best is indeed your enemy.

Just as Li Jin understands Soros, Soros also understands Li Jin.

He knew that at this time, Li Jin could not protect the entire A-share market and had to make a choice.

For China's financial market, the most important ones are the cornerstone industries. As for the Internet and finance, they are not so important, but they are Li Jin's lifeblood.

"Eighty percent of Jinqing's assets are deployed in three industry sectors: Internet, finance, and real estate. I will beat you until you can't get up, and see whether you save it or not."

Soros gave an order, and massive funds poured into the short-selling orders of these three sectors. Countless stocks were frantically shorted, and the stock prices fell again and again.

At this moment, the benefits of Li Jin's insistence that Jin Qing not go public were immediately apparent.

In these three industry sectors, the stock prices of almost all listed companies exceeded 80% and fell to the limit in an instant. What a spectacular scene.

But the direct impact on Jin Qing was very small.

Because under the Jinqing system, except for New Wolf, there are almost no listed companies.

But the indirect impact is immeasurable.

Because Soros’s actions destroyed the entire industry’s ecological chain.

If the ecological chain is destroyed, it will be impossible for the few remaining companies to support the entire industry. What follows will only be the destruction of the industry along with it.

Changes in the stock market were immediately known to Li Jin.

He frowned and watched all this.

He knew what Soros was up to.

But he was helpless.

"Mr. Li, the three main sectors of finance, Internet and real estate have almost collapsed."

Wei Yan looked at this scene. Even after this period of training, he already had a big heart, but he still couldn't help but feel his hands and feet were cold at this time.

"If this continues, these three industries will be destroyed. Securities, insurance, and wealth management derived from the financial industry...computers, information, and high technology derived from the Internet...building materials and construction derived from real estate. The losses are really too great."

"fall."

Li Jin said: "Let them fall, just a limit. We can afford the loss."

"Even if the market value of all these industries shrinks by 10%, we can afford this price and we must bear it."

Taking a deep breath, Li Jin decisively ordered: "The goal is to raise the overall stock price of all state-owned enterprises within the first line of defense by 5 points to hedge against the impact of the lower limit of the three sectors on the market. Now the market confidence has just begun. , must never be destroyed.”