Chapter 1156 [Full firepower, showdown? 】

A mainland investment institution.

At this moment, the boss of the agency was paying close attention to Fang Hong's live broadcast room. He suddenly said secretly: "It seems that Fang Hong has no intention of staying silent this time. He wants to take the attack head-on and launch a counterattack. The intensity is so great that a storm is coming." ah……"

During the discussion at the financial forum on Thursday, everyone in the industry knew the real reason.

But at this moment, Fang Hong, who was still broadcasting, said clearly and unhurriedly: "So how do we view the bubble correctly? The correct answer is not to roughly puncture the bubble, but to allow the bubble to expand appropriately. Then fill in the foam. Will the filled foam still be foamy?"

"Including high-tech companies, such as Apple's iOS, which charges 30% of the channel fee. The 30% Apple tax, as it is commonly known, is directly 30% of income. What a high tax. Our current value-added tax, How much is the business tax? The former is 13%, the latter is 5%. Apple takes 30% directly. You still can’t get around it. How much is Apple worth? Can Apple’s market value be called a bubble? The huge income will be filled by you ”

"So in financial transactions, finance itself is virtual. In virtual transactions, there are actually bubbles. In exchange for your assets through high valuations, I am the valuation and you are the real value."

"And this kind of exchange through bubbles seeks an unequal exchange. This is not the principle of equal exchange and equal management sought in the real economy. What finance really talks about is unequal exchange, using bubbles. Something to exchange for something you don’t have bubbles with.”

"After understanding this, you can understand why Lao Mei's stock market must be full of bubbles and the stock market must rise high, so that he can use bubbles to repay you with non-bubbles and virtual values. Come and exchange for your real value.”

"But at the same time, Lao Mei definitely doesn't want your stock market to have a bubble, because your stock market has a bubble. How can he exchange the bubble's virtual value for your non-bubble's real value? And you can also play with it. He has caught the bubble and is taking the cake from his boss, so of course he doesn’t want your stock market to have a bubble, and of course he wants your stock market to be priced at the floor price.”

At this moment, tens of millions of viewers in the live broadcast room suddenly realized that the barrages that flooded the screen were all kinds of "I've learned it", "I see", "No wonder the stock market has been so good", "No wonder Big A has been so depressed" and so on.

After a while, Fang Hong suddenly said with a half-smiling expression, intriguingly: "Then, there are some so-called financial experts in the mainland. They just follow what the old magnesium says, and they have no theoretical basis of their own at all. If you don't have your own theoretical model, this is called parrot parroting. If you imitate parrots, you will be an expert in the field. But if a parrot learns to speak human language, will it understand what it means? We know that parrots can speak human language, but they don't know at all. What do you mean? Even if you learn to speak human language, you are not a human being. You are still an animal in nature."

As soon as these words came out, the live broadcast room was flooded with "Hahaha" comments.

There were many experts diving in the live broadcast room to watch, and many mouthpieces of the gang were watching. When they heard Fang Hong's sarcastic words without using any curse words, Fang Hong was scratching his head, and his face became angry. livid.

Especially at the financial forum exchange held on Thursday, the group of people who showed up there with worried looks and said that the bubble of the New Securities 50 Index was huge and dangerous, their faces were almost turning green at this moment.

The group of people who made the incident were also livid and wanted to cut off the live broadcast room directly. They definitely wanted to do this, and they would definitely do it if they could.

But they can't do it. Linker TV platform is a subsidiary of Qunxing Capital, and Qunxing Capital controls new media platforms, such as Weibo, WeChat, Douyin, Yixing Video and other online media platforms.

Nowadays, everything is tilted towards traffic. The exposure and spread range are very good. Whatever Fang Hong said in the live broadcast room today will be quickly spread to everyone.

At this moment, Fang Hong continued to speak freely: "I can also tell you that the practical faction in Europe and the United States does not write articles or share. You can't see Wall Street making money directly. Of course, Qunxing also belongs to the practical faction, so you can't see it. Qunxing writes some research reports and analyzes, how can he have the time to do this if he wants to make money?"

No one expected Fang Hong to say so openly that this wave of AOE damage was also very large, so today we were going to use all our firepower.

Fang Hong continued: "Corresponding to the actual combat party, there are also academic schools. Just look at what the so-called academic schools have written. They are basically used to fool people. Then, how can you master a group of imitating parrots? You fooled yourself into the ditch."

When the parrots heard this, they were furious!

For a moment, the audience in the live broadcast room saw Fang Hong talking with a faint smile: "If your stock market rises a little, he will clamor for bubbles every day. Take a look at the financial data and the current economic trend. If you really want to become a leader in the financial field, As a powerful country, we need to review history and see how those who clamored about bubble theorists every day were slapped in the face."

"A lot of times he hides it after being slapped in the face. Most people can't dig it out. It's time to dig it out and let the sun bask in it. Then, we can thoroughly clean up the situation. After the settlement is clear, we can re-understand the world and finance."

At this moment, the group of people who made the incident were watching the live broadcast. When they heard Fang Hong's words, they were shocked, especially when they heard the word "liquidation".

People in the circle were also shocked. Is this going to be a showdown?

People from all walks of life did not expect that Fang Hong's counterattack was so ferocious. Today he spoke so bluntly in such a public place. The strong signal it sent was felt by people from all walks of life. You took the initiative to attack me. Things cannot be amicable. Faced with the subsequent counterattack, no matter how minor it is, you will lose a piece of flesh, but if it is serious, you can't even imagine it.

It's a big deal...

A feeling of impending rain makes people from all walks of life feel more and more intense.

At this moment, Fang Hong still said calmly and confidently: "If we don't dig out these parrots of bubble theory completely and sweep them into the garbage heap of history, we will let these parrots preside over our financial theory and then influence our financial theory." Financial policy, think about whether our market can get better?"

After a pause, Fang Hong continued: "If your market is a little better, the parrot will jump out and say that there are bubbles, risks, and crises. Every word is for your own good. Whether it is really for your own good, you have to be careful. Think about it."

"The actual situation is that after they talked about the bubble theory, they immediately started to short-sell, then they started to engage in securities lending and refinancing, and then they started to short-sell you."

"After you go short, you still plausibly say that this is called bursting the bubble, and that this is called value return, eh. Make your asset prices extremely low on the floor, and then others can use their money to buy your high-quality assets at cabbage prices. Well, whether it is foreign capital or other types of funds, they exchange things with bubbles for things without bubbles, and exchange things with virtual value for things with real value, thus achieving this kind of inequality. purpose of exchange.”

"When there is a bubble, the asset corresponds to the currency, and then you see that the currency corresponds to the exchange rate. In other words, it props up the bubble. When your bubble goes down, the corresponding exchange rate is the depreciation of your currency. He It has become valuable, and he can use his strong exchange rate to buy your good things more cheaply.”

At this moment, people from all walks of life in Fang Hong's live broadcast room, whether they were ordinary retail investors, melon-eating netizens, people in the media industry, or people in the capital circle, were increasingly shocked. They did not expect that Fang Hong's firepower was getting stronger and stronger.

More and more people are looking for a showdown, and they no longer want to maintain even the superficial harmony.

At this moment, Fang Hong still maintained the strongest firepower and continued to output, I saw him saying: "Our stock market has great advantages for short selling in terms of top-level design, especially since the opening of the securities lending business, we have also created an original agreement that can be agreed upon." Using currency as a proxy for securities lending to settle transactions is simply outrageous.”

"We know that short selling, for example, if you think this stock is going to fall, you want to go short, so you borrow the stock and sell it at 10 yuan, and then the stock price drops, for example, to 5 yuan, and then you buy back the stock and return it, it is not considered a transaction. The 5 yuan price difference among the costs is your short selling profit."

"This so-called 'coin-based voucher' means that after you short-sell, you don't need to buy it back directly from the market when settling. You can agree on the market price with the brokerage, for example, you can settle the transaction by directly repaying it in cash at the latest market price."

"Obviously, it is more cost-effective to repay it directly with cash, because to repay with bonds, you need to buy back the stocks from the market. When you buy back the stocks in large quantities, the stock price will continue to rise, and you will have to spend more money. But that won’t happen if you repay it directly with tokens.”

“This has also become a way for major shareholders to liquidate and reduce their holdings. Therefore, every major positive event in the market becomes an inducement to go short for the next time. Going long needs to be supported by performance. On the other hand, going short is so easy. "

Many retail investors don’t even know that securities lending can be done by “exchanging currency for securities”, because most retail investors cannot reach the threshold of securities lending, so they don’t understand it in depth. If Fang Hong hadn’t been live broadcasting at this moment We talked about it for a while, but we still don’t know about it until now.

At this moment, the barrage in the live broadcast room also imitated Fang Hong's previous tone, and the word "against the sky" was used in the barrage to flood the live broadcast room.

No wonder Big A has been unable to rise over the years. No wonder there are always endless chips to buy. You can enter with other people's money without any worries, and you can "use currency vouchers" to complete the transaction. You don't need to buy from the market. If you buy the coupons back and return them, you don't have to worry about being forced into a short position. Of course, you can go short and the bullets will hit you to death infinitely.

That's it, it's crazy if it can rise.

Many retail investors who were watching the live broadcast were really furious, especially when they learned about these things for the first time, and finally realized clearly that they were playing a losing game.

A young man in a certain place was watching the live broadcast on his mobile phone and said angrily: "What about playing Nima? I will just cut off the stock next week and buy a new certificate for 50 ETFs."

This little guy had been stuck on a stock on the main board for more than half a year and had already lost half of his money. He originally planned to lie down and pretend to be dead.

But at this moment, he finally realized that there was no hope of repaying the capital, and the more he covered his position, the worse he fell, especially the securities lending of some ETF funds on the main board, which was equivalent to spending money to buy chips himself, and then being sold by the institution. They lend it out and charge interest, which in turn hurts their own financial situation.

At this moment, this is not the only one who has decided to cut off his positions next week. More and more people have lost their illusions after seeing their deeply locked-up accounts cut in half, and decide to decisively clear out their positions when the market opens next week, and then move to new markets without hesitation. Exchange, those who cannot reach the threshold do not hesitate to buy the new certificate 50 ETF.

Because SGX has no restricted stock refinancing, no quantitative trading, and no securities lending, institutions still have a T+3 system.

In other words, if you want to go short on the SGX, you cannot sell stocks that do not belong to you. The so-called securities lending means selling things that do not belong to you. This is not allowed on the SGX.

If you want to go short on the SGX, you have to go long first. You have to buy the stock first. After you buy the stock, the stock belongs to you. If you want to sell short, that’s fine. Just go short. What do you want to do with what belongs to you? Either way.

At the same time, the group of people who made the attack were already frightened, and even a sense of fear arose spontaneously.

What level of person is Fang Hong now? What made the group of people feel sweaty now is that they thought about another question. Is it possible that Fang Hong said these words today? What kind of news has he received? Could it be a sign of real liquidation?

When I think about this level, I immediately feel terrified and sweat profusely.

However, in the live broadcast room at this moment, Fang Hong still said openly: "... Let's talk about our purchasing power parity. We have surpassed Lao Mei a few years ago, but he said that his things are expensive based on purchasing power parity. The exchange rate is high, and one person's labor can be exchanged for the labor of several or even a dozen people, which has become such an unreasonable economic distribution method."

Fang Hong immediately asked: "It's the same as washing the same number of dishes. The return on his labor can equal the return on labor of a dozen of you. Do you think it's reasonable? Do you accept it?"

Then Fang Hong added: "So how to understand bubbles actually requires profound theoretical introspection. We actually have to completely change the theories of parrots, and we also have to dig out those bubble theorists and whip them out. Besides, many of them are still kicking their legs, so those who are alive and well are not corpses."

"Then take it out and show it to the public, and have a deep understanding of the errors in their remarks, debate them, and find out what is going on. They are shouting about bubbles every day. What do they want to do? ?Which side are their butts sitting on? These require a deep understanding."

Everyone in the live broadcast room was shocked by Fang Hong's full firepower, and some people who were rushing to watch the excitement gradually realized that this matter was a bit serious. If he said the same thing as a melon-eater, no one would care, and it wouldn't make any waves.

But it's another thing when someone who says these things is a person of enormous power and influence.

And many ordinary netizens suddenly realized it at this moment, and many retail investors also woke up from a dream, saying that they finally understood why Big A has always stretched his hips so much these years, and finally knew the reason.

It turns out that there are demons and monsters causing trouble, and even colluding inside and outside.

At this moment, Fang Hong's barrage in the live broadcast room was filled with the words "complete liquidation". Thousands of netizens and viewers posted these four characters in barrages, and many of them were in the live broadcast room. He dived and watched silently.

But when they saw the word "liquidation" on the screen in the live broadcast room, the fear in their hearts was soaring exponentially. Those dazzling words made them tremble with fear, made them frightened and angry, and made them sweat... …

...(End of chapter)