The Son of Finance of the Great Age

  Chapter 462 The most expensive threat (1)

   Monday, August 31st.

Sure enough, as Stanley’s Hong Kong subsidiary expected, after losing the injection of support funds, the Hong Kong stock market plummeted and fell rapidly. It fell to nearly 200 points at the opening, and then the Hang Seng Index plummeted. The day fell 554.70 points, a drop of up to 7.08%.

Then on September 1, the Hang Seng Index continued to plummet. It opened at around 7,000 points, which was about 200 points lower than the previous trading day. Although there was a considerable increase in the intraday session, it was eventually beaten back. Finally, the Hang Seng Index closed at 7062 points, down 212 points from the previous trading day, or 2.92%.

   "Just let them go..."

  Looking at the K-line chart on the screen, and the trading volume of the futures index that is obviously different from the past, anyone with a discerning eye can immediately see what is going on, and Ma Jiarui is no exception. He looked at the transaction numbers of idling and Shuangping with some regret, which in his opinion were real money.

  Due to differences in opinions in August, some of the main short sellers moved their positions to September in advance, avoiding the danger of being cornered. But with the defeat of the main short sellers in August, they had no intention of continuing to fight. Taking advantage of the fact that Tianyu Fund no longer supported the market, they quickly gathered a batch of funds, taking advantage of the general trend to quickly suppress Hong Kong stocks, and then Ship quickly above 7000 points, and escape from this market as soon as possible.

And some other funds in the market also saw through the other party’s intentions and tried to snipe the other party in the market on September 1. Although they once reached 7300 points in the mid-market, they were still defeated by the well-organized short sellers. In the end, he could only watch the other party leave calmly.

   Ma Jiarui was not reconciled to this.

"Forget it, since we have already retained the big head, why do we care about these small fish and shrimp?" Zhong Shi smiled slightly, and there was no slight concern in the conversation, "Have you noticed how many stocks have not been delivered normally? ? What does this part say?"

When it comes to business, Ma Jiarui's face immediately became serious, and after considering his words, he said slowly: "Roughly estimated, there should be more than 5 billion Hong Kong dollars. Logically speaking, this part should It is paid by a broker with settlement qualifications, but if this is the case, I am afraid that some brokers will go bankrupt. Although procedures will eventually be followed, this part of the funds has been returned to our account.”

   "There are so many!" Zhong Shi gasped. Even though the matter had passed, he still couldn't help feeling terrified that the other party had come up with such a way to kill one thousand enemies and harm eight hundred, his intentions were not malicious.

   "Yes!" Ma Jiarui also nodded empathetically, and when the final account of the registered stock was so different from the expectation, he was also shocked in a cold sweat.

   "Is that you? What? Now?"

When the phone rang, Zhong Shi raised the receiver, and his face quickly showed surprise. After just a few words, he put down the receiver and fell silent. He didn't know what he was thinking, but it made Ma Jiarui beside him imagine It's been a long time.

   "The Hong Kong government called just now and asked me to discuss how to curb the re-attack of international speculators. Cen Yinquan personally called."

  Light a cigarette, Zhong Shi's face is gradually blurred in the green smoke. Ma Jiarui tried hard to look for the change in Zhong Shi's expression through the smoke, but after careful observation for a long time, he gave up in vain.

   "Haven't you already reached an agreement with them?" Ma Jiarui asked a little strangely after thinking about it. Since he learned a lot of secrets from Zhong Shi, in many cases, he even knew more than the official ones.

  Zhong Shi put out his cigarette butt, let out a long breath, and said: "They don't know yet, it's better not to tell them these things. Some things, if they know it, it will be bad."

some things? whats the matter? Before Ma Jiarui could figure it out, Zhong Shi laughed and left.

  …

   "I invite everyone to come here today to brainstorm how to completely prevent international speculators from attacking Hong Kong's economy. It is naturally the best once and for all, but it must also be within the scope of market rules."

  As soon as the time came, Cen Yinquan, who was sitting in the middle, coughed lightly, looked around the audience, and then asked the people present in a calm manner.

The huge oval conference table is full of people who are related to the market, representatives of Hong Kong Stock Exchange, Futures Exchange, Securities Regulatory Commission, Finance Department, Monetary Authority and other institutions, as well as economic advisers, etc., with the only possible exception. It was Zhongshi, who participated in a private capacity.

Although he participated in an unofficial capacity, no one dared to underestimate Zhong Shi. In fact, he had been the focus of everyone's attention since he entered the room. He began to close his eyes and meditate, which surprised many people.

Cen Yinquan's question brought back everyone's thinking, and soon a representative of the futures exchange stood up and said: "I suggest increasing the margin amount of the HSI futures from the current 80,000 Hong Kong dollars per lot to 120,000 Hong Kong dollars. In this way, the cost of speculators shorting the stock market will increase by at least 50%, which is enough to curb their malicious shorting to a certain extent.”

  Originally, the margin for one lot of stock index futures is 80,000 Hong Kong dollars, which is not settled according to the daily profit and loss. Therefore, if there is no large loss, the 80,000 Hong Kong dollars futures list can be held until the delivery date. Now that the cost of holding has been greatly increased, it can definitely serve the purpose of curbing malicious attacks.

   But in this way, the holding cost of other investors in the market will increase accordingly. The purpose of the stock index futures market is to give the stock market a space for hedging and anticipation, so the trading volume of the futures index is bound to decline, and the expectations for the future of the market are correspondingly lower than before.

  However, compared to international speculators, these confidants are serious diseases, so this proposal was only discussed for a while, and a group of people agreed.

   "I suggest announcing the positions of large futures traders!" Soon, another proposal about futures trading was thrown out.

Regarding the amount of open interest, this is a sensitive topic, because it will involve some commercial secrets of the brokerage, and some people will even predict the movement of the other party based on the daily position changes, and then carry out follow-up operations and other such interest disputes , so people who knew this well were not in a hurry to express their opinions, and the scene became deserted for a while.

   "I agree with this offer!"

  To the surprise of many people, Zhong Shi actually stood up and agreed. Seeing that everyone's eyes were focused on him, Zhong Shi tidied up his clothes subconsciously, and then said leisurely: "For a long time, we have had the illusion that it is the international speculators from the United States or Europe who caused today's situation. But we have neglected that even in Hong Kong, there are many people who have a pessimistic attitude towards this offensive and defensive battle, and some even go short in person. Therefore, I agree to disclose the positions of large futures traders, and even report to the futures exchange as long as they hold more than 500 lots of positions.”

"In addition, I also suggest that the amount of securities lending be announced, and if the shareholder who lent more than a certain amount may also announce his identity to the world. This opinion is implemented together with the previous one, so that all six people in Hong Kong Millions of citizens can clearly see who is selling out Hong Kong and who is protecting Hong Kong's interests!"

  As soon as these words came out, it was like throwing a huge boulder into a calm lake, causing a stormy sea.

  If the former one is possible to implement through discussion, then the latter one mentioned by Zhong Shi, no matter how you say it, has no possibility of implementation. Although everyone here is very clear that during this turmoil, some super rich people must have lent their stocks to international speculators, and they also hate this behavior, but if this behavior is really made public, the consequences will be dire It is definitely not something they can bear, and even the chief executive may not be able to suppress it.

  Although there are six million citizens in Hong Kong, it is still the group of people at the top of society who control the fate of Hong Kong and determine the future of Hong Kong.

   Everyone whispered, and the whole venue fell into a state of loss of control for a while.

   Zhongshi can be said to be nothing but a blockbuster.

After discussing for five minutes, Cen Yinquan coughed heavily and pulled everyone back from the chaos. After seeing that the meeting place was quiet again, he looked at Zhong Shi meaningfully and said, "The first opinion is That’s right, it can be discussed, but the second article involves too much and may need more time to discuss.”

  He didn't refute Zhong Shi's words face to face, but instead used a "drag" tactic, which gave Zhong Shi face.

It's a pity that Zhong Shi didn't understand this "hard work". After glancing at Cen Yinquan with a half-smile, Zhong Shi said in a slightly sarcastic tone: "If the latter one cannot be implemented, then once the international speculators attack, I will Isn't it also possible to lend stocks? Presumably everyone should be very clear that I have a lot of stocks on hand now, and just the day before yesterday, Stanley Druckenmiller visited me in person to discuss the possibility of cooperation between the two parties!"

   It is a well-known fact that Zhongshi entered the market to rescue the market, but Druckenmiller visited privately, but not many people knew it at all. For a moment, all surprised eyes shifted from Zhong Shi to Cen Yinquan, because they all knew that Mr. Xiao Zhong had a good relationship with Cen Yinquan.

  Cen Yinquan's expression remained unchanged, but he was terrified in his heart. Only then did he truly regret it. Naturally, he did not believe that Zhong Shi would cooperate with international speculators, but when Zhong Shi said these words, the taste of threat was too strong, so his thoughts changed thousands of times, and he still wanted to make a pair of Smiling, he pretended to be nonchalant and said: "Mr. Zhong is really good at joking. We all know that you are the person who loves Hong Kong and the country the most. How could you cooperate with international speculators. Now, let's get back to the topic and discuss these two The feasibility of the plan!"

"Yes, my joke is not funny at all!" Sensing the helplessness in Cen Yinquan's eyes, Zhong Shi blinked quickly, cupped his hands towards Sifang, and said, "I'm really sorry, I'm young and energetic, so the proposal I proposed It may not be perfect, and I hope that everyone can give us more valuable opinions, after all, I don’t want the fruits of victory I finally obtained to be handed over to others.”

"Here, I guarantee that if international speculators strike again, Tianyu Fund will definitely do its best to stand with the Hong Kong government and will never lend them a penny of stocks. The day before yesterday, I did the same to Quantum Fund Druckenmiller said."

Seeing that Zhong Shi made such an oath in front of everyone that there would be absolutely no room for change, Cen Yinquan immediately smiled and said: "In fact, we may not be able to announce the information about the securities lending parties, but in When necessary, we can restrict the securities lending business and prevent them from short selling, what do you think?"

Although this proposal was earth-shattering, after all, it saved face for the wealthy businessmen who shorted Hong Kong. With the previous proposal as a foreshadowing, it was not so difficult to accept, so everyone began to discuss the relevant details in a joyous and peaceful atmosphere. .

   Thank you book friends, what kind of wolf am I, and panthernd for voting monthly!

  (end of this chapter)