Chapter 1028 [It’s difficult and there’s a long way to go]

Fang Hong was able to maintain his composure and not take action at this juncture. In addition to factors such as the lack of timing, the implementation of the pilot registration system of SGX was also within his consideration range.

In terms of means, in order to win the approval of the SGX pilot, it is beneficial for Big A to continue to sell off.

Only when it is really urgent and the pain is so severe that you will have the opportunity to seek change, listen to it, and usher in a turning point.

Just like the current Jian, he was full of confidence before June 12, believing that he could make money through real-time operations, and at the same time, he could avoid the big drop. If he really helped him avoid it, he would still do it. If you think this way, you will also feel that you can escape.

Now after being beaten and educated by Big A, he realized that he did not have the diamond and could not afford the porcelain job.

In the same way, if Fang Hong takes action now at all costs, Big A will also avoid the explosive market. After the market is stabilized, there will be no need to think too much about the matter of SGX, and it will definitely not be passed.

And if Fang Hong really did this, not only would the affairs of SGX definitely be corrupted, but would Big A really protect it? Absolutely not, it will only accumulate energy again, and after a period of delay, it will still have to explode.

Only when your eyebrows are burning and you are really screaming in pain can you have the possibility of making changes after learning from the pain. This is only a possibility but not an inevitability. You also need Fang Hong to be able to speak with enough weight. And only by actively promoting it can we increase the possibilities.

This shows how difficult it is and that there is still a long way to go.

Therefore, whether it is from the SGX issue or the consideration of other factors, Fang Hong cannot take action at this juncture. He must stay awake and base himself on a higher level of wisdom and layout to achieve the expected gains.

Compared with the international short sellers outside, the situation faced by Fang Hong, his opponent, is much more difficult and complicated than them.

They have no scruples and can take action.

But Fang Hong has many constraints and cannot do whatever he wants. Some things can obviously be solved directly, but they cannot be solved due to various reasons.

Fang Hong really needs, needs, needs, needs, and needs all at the same time to achieve the expected goal he wants.

Not only should Qunxing Capital not be the culprit in this round of rescue operations, but also be on guard against the eye drops and dirty tricks coming from the shadows. It should also handle the communication with the higher authorities to avoid being sow discord. In order to defeat all competitors, we must also achieve the smooth implementation of matters such as the Singapore Exchange.

All this shows that the requirements for him as a chess player are very harsh, which is unimaginable to ordinary people. This is an extraordinary achievement that an extraordinary person can achieve.

Anyone who can handle any of these things is considered a great big shot, so it is not unreasonable for Fang Hong to become the leader of big shot figures such as Qin Feng, Chen Yu, and Xu Jingren in the eyes of outsiders.

…

However, at this moment, the A-share market has closed. The Shanghai and Shenzhen stock markets have plummeted across the board. The Shanghai Stock Exchange Index has plummeted -5.23% and is reported at 4053.70 points after the market opening; More than 1,300 stocks fell by their limits. Many stocks hit new closing lows since this round of adjustment, and more votes were cut in half.

The media reports on the stock market news describe it this way: On the first trading day of July, A-shares failed to get off to a good start. The Shanghai Stock Exchange Index plummeted by more than -5%, falling below the two integer marks of 4,200 points and 4,100 points in a row. More than 1,300 stocks in the two cities fell to the limit, and thousands of stocks were once again falling. Stocks fell to the limit and were in disastrous condition.

Just before the opening or even before the plunge at 14:00 in the afternoon, almost everyone did not expect that today's market would be a "returner". Yesterday and today, those who believed that the bull market adjustment was over and ran into the market all ate a bowl of ultimate noodles. , there are quite a lot of people trapped in this wave.

Less than twenty minutes after the market closed, Zhongjin Securities came out to refute the rumor that QFII and RQFII were shorting A shares, but no one believed it.

The big A lever was carried from the ICU to the KTV and after a day of playing, he was sent directly back to the ICU to lie down again. This really made the village head busy. The village head kept looking through the tool box to see what other tools could be used. .

Soon after, good news to boost the market was released.

First of all, Zhongjin responded that the rumors of QFII and RQFII shorting A shares are untrue and are just rumors!

Subsequently, the villagers spoke out to further expand financing channels for securities companies; the Shanghai and Shenzhen stock exchanges reduced transaction settlement fees by 30%; the two financings were allowed to be extended, and collateral defaults were not required to be liquidated.

Jian:? ? ?

When Jian saw the news that the two companies were allowed to extend after the market opened today, his heart was filled with 10,000 alpacas running past.

It is worth mentioning that Jian has been holding the stock of Jinri Toutiao and has not "moved to the grave" anymore. Yesterday, he did not raise the limit when it rebounded. Today, it fell to the limit again, and he did not want to move. Anyway, no matter where he went, it was at the limit. He just broke the can and smashed it. Now he wanted to see how deep this ticket could fall.

…

The next day, Thursday, July 2nd.

Today, the A-share market opened. Stimulated by a lot of good news, it still didn't work. The market opened flat and dived in the morning. It rebounded again around 10 o'clock and once turned up, but then fell again after 11 o'clock.

At the opening in the afternoon, it fell continuously and fell below the 3800 point mark, breaking the previous low. At around 14:15, the Shanghai Stock Index fell to its lowest point of 3795 points, and the decline expanded to -6.33%. The two cities once again fell to the limit of 1,000 shares.

Nowadays, it has become normal for stocks to fall to the limit of 1,000 shares. This is a portrayal of the tragic decline in the current A-share market. The short-selling army's starting strategy is to first drop the limit of 1,000 shares to show respect.

At the same time, near the end of the trading day, Jingxin was in the trading room on the second floor of the villa.

"Xiao Lei and Xiao Tao bought Zhong Petroleum for 2 billion and Zhong Petrochemical for 2.5 billion. Don't use institutional accounts. Use my previous personal securities account to intervene." Fang Hong, who was watching the market, suddenly said to the two people present who were responsible for his private transactions. The officer's girl gave the order.

The two girls immediately followed his instructions and intervened in the two targets of the "Petrochemical Duo". Looking at the two cities, they were the only ones that could have some effect on the index, and at the same time they spent relatively little money.

This is Fang Hong's first move since this round of explosive market, but it is completely opposite to the operation of the chief rudder of the death squads. He is here to boost market confidence, although Fang Hong knows that it is of no use now unless there is real gold. Silver sells shorts regardless of cost.

Just shouting, even God K is not easy to use at this time.

He intervened even though he knew it was useless, because Fang Hong, who was foresighted, knew that the senior officials who were on a foreign visit would soon come back to preside over the rescue, because the village chief couldn't hold on any longer and had to seek "wisdom" assistance from the superiors.

If it continues to worsen like this, this round of catastrophic market conditions will definitely be transmitted from the stock market to the outside world and to entities. The chain reaction will trigger a wider range of financial risks, and the village chief will not be able to avoid such consequences.

When it’s time to dive, dive, and when it’s time to perform, you must perform decisively.

At this time, it is obvious that he cannot continue diving. Fang Hong naturally wants to increase his presence, want to be popular, want to be in the news, and let the superiors see at a glance that you are not sitting on the sidelines, you are on the front line, you have always been on the front line, and you are still on the front line. We are continuing to spend real money to rescue the market and boost market confidence.

It is one thing whether the market supports it or not, but it is another thing whether it is there or not.

As long as you are being supported, it doesn't matter if you are not supported. After all, you are not the first responsible person, not to mention that you have warned me a long time ago. It is very foolish to choose to sit on the sidelines instead of going to the market.

Therefore, today we must push the "petrochemical duo" to the daily limit at all costs, even if necessary. Moreover, Fang Hong still uses a personal securities account. What he wants is to be on the Dragon and Tiger list and become the big brother on the list, so that everyone can see it. Although K God is silent, he has been taking action and silently working hard to protect the market and protect the market.

...(End of chapter)