Of course, the situation in the stock market also reached Zhou Ming as soon as possible. Wen Zhiwei hurriedly came to Zhou Ming with a stack of documents and materials, and briefly introduced the situation in the stock market today to Zhou Ming.

"All the incidents started with the online post last night. I don't know who posted an online post revealing the bad debts of Fenghui Bank on the Internet, and specially brought Ayong's case this time, which shows that the bank has suffered a large-scale loss! The post also revealed that the Great World Rating Agency is downgrading the corporate ratings of Fenghui Bank."

Wen Zhiwei told Zhou Ming that this post received a high number of views last night. By this morning, several international rating agencies downgraded Fenghui Bank's ratings.

This triggered panic in the entire market. Not only Fenghui, but also Hong Kong Hong was exposed to have a large amount of corporate debt. Even several of Hong Kong Hong's real estate projects did not even invest in a single Hong Kong dollar, and they were all made up of loans and borrowing. As long as the construction period problems or the pre-sale situation was not good, Hong Kong Hong would immediately fall into a funding problem.

In addition to Fenghui and Hong Kong Hong, other heavyweight companies have also been exposed to some negative news to a greater or lesser extent. As these news was exposed, all stocks have fallen across the board.

"These media still don't have a good memory. You just want to expose the news of Fenghui Bank. Why do you bring SIPG and other companies in vain? As a result, such a big thing happened!" Wen Zhiwei said hatefully. In his opinion, these media are not good at doing anything, and will drag them down.

After working together for a long time, Zhou Ming also understood Wen Zhiwei's personality and knew that he also understood that the most urgent task now is to deal with the situation in the stock market, but he just likes to complain. After all, he doesn't want any problems in the stock market.

But this time Wen Zhiwei was a little bit affect. After all, these selective reports from the media that are generalized is really annoying.

Whether it is Fenghui Bank's bad debts or the debts and loans of Hong Kong Hong Group's real estate projects, these are actually very common. After all, banks cannot guarantee that every loan will be recovered with principal and interest. Real estate developers will obtain land mortgage loans to build a building, and then sell the building to repay the loan.

This is a tacit routine in the industry, but for outsiders, especially those investors who like to listen to the wind and rain, they will think that this is very bad news, which... has caused panic in the entire market.

Zhou Ming knew these reasons, so he didn't explain to him seriously that the media was born to chase news, and this time it was also slogans first by the Internet and overseas media. The Hong Kong City media was already half a beat slow, so it was not so brainless. Zhou Ming just said to him: "Now let's take a look at the situation in the stock market first. Mr. Wen, do you have any ideas here?"

"This is your foresight by Mr. Zhou Ming. We, the six major fund companies and securities companies, have been prepared for the current situation."

Wen Zhiwei first flattered Zhou Ming quietly, and then reported the situation to Zhou Ming.

In fact, it doesn’t seem complicated. It’s just hedging orders. For example, Fenghui Group is falling. This situation must be caused by someone behind the scenes that will drive market selling. Then, buying a lot of money on your own can offset the impact of the opponent’s selling.

Of course, this offset does not mean that the opponent will take as much as he sells, because the current market panic exists.

Many people are blindly following the trend and selling. Even if they have rich foreign exchange reserves, they are not wasting this. Therefore, as long as they can ensure that the decline is limited to a certain range, they will be considered as completing the task. Now Commander Wen Zhiwei does this.

"From the opening technical department, we found that the market decline exceeded expectations, we immediately launched the No. 1 plan and authorized the Port City United Investment Fund and other companies to conduct market hedging transactions. This has been practiced many times and did not waste much time. I think this time, the opponent suddenly started selling from the entire stock market together, which is a bit surprising, but it still cannot affect the entire market." Wen Zhiwei said.

Zhou Ming looked up and kept looking at the situation in the market: "But I think this matter shouldn't be that simple."

Wen Zhiwei frowned, not understanding what Zhou Ming meant. Zhou Ming told him to pull out the market's line today, and at the same time, he found the exchange to find the trading volume record today.

All of them are very routine operations, and Wen Zhiwei quickly instructed the technical department to call out the data.

After reading these data, Wen Zhiwei's face became solemn: "Mr. Zhou Ming, you are right. There is indeed a problem with this situation."

Although the data of the Hong Kong City stock market is not obvious, the trading volume has increased significantly. With Wen Zhiwei's eyes, he can certainly see that there is something wrong. He said to Zhou Ming with admiration: "It is obviously someone is behind the scenes, but it has not been shown in the market yet. This situation is generally difficult to detect, and only Mr. Zhou Ming can see it!"

Zhou Ming smiled: "I just think that since the other party is doing something on such a large scale, if it is just what I see on the surface, it would be too unsatisfactory."

Zhou Ming said this, but his eyes were sharper when he looked at the market.

Zhou Ming still didn't tell Wen Zhiwei thoroughly. It was not that Zhou Ming did not trust Wen Zhiwei, but that Zhou Ming didn't want to burden him too much.

Zhou Ming believes that his opponent suddenly caused such a big wave, and he might have a trump card. After all, this is the entire Hong Kong City stock market, with a total market value of trillions of dollars. Even if it is only Fenghui Group, the market value exceeds 100 billion US dollars. This is why Fenghui’s chairman Steve is disdainful of the financial crisis and does not think it will have any impact on Fenghui.

Later facts proved that Zhou Ming's concern was very necessary, because when they noticed the situation behind the stock market, the stock market, which was originally downward, had a sharp decline.

"Two percent, in the past hour, Fenghui Group actually plummeted by two percentage points. What an incredible thing. This is Fenghui Group, the Dinghai Superstar of the Hong Kong City Stock Market. He only performed like this in the global stock market crash ten years ago, but he didn't expect that it would happen again now. Is the financial crisis really coming?"

The anchor's voice on the radio was very panicked, and even the tone changed a little, but this time the media was not creating panic, but the situation really got worse.

If it is other companies, then two percentage points of rise and fall are nothing, but this is Fenghui Group, which even ordinary investors understand the importance!

Fenghui Group's market value is 100 billion yuan, and a sudden plunge of 2% means that more than 2 billion US dollars evaporates for no reason; and more importantly, Fenghui is still a weight stock among the weight stocks in the weight stocks in Hong Kong City. The four words "Dinghai Shenzhen" can be used as the word "Dinghai Shenzhen".

It is not a joke. After Fenghui's plunge, it is easy to cause panic in the entire market, which will lead to further decline in the entire market.

"Oh, what are the guys like Huo Mingyuan doing? Didn't they ask them to place an order and hedge immediately? Why did the stock market still lose so much and passively and slacking off? I really think I can't teach them a lesson? "Wen Zhiwei cursed anxiously as he looked at the situation in the stock market, and was about to reach out to call Huo Mingyuan for urging him.

But before Wen Zhiwei could call out, the stock market situation became worse. I saw that other heavyweight stocks such as Hong Kong Hong and Dacha also began to fall one after another, which was like a reappearance in 1987.

Wen Zhiwei was stunned when he held the phone. His eyes were staring at the big screen in a daze. His hands holding the phone were shaking slightly, and his mouth was trembling: "How could this happen? You can't fall like this anymore. If this continues, the economy of the Hong Kong city will be over!"

At this moment, Wen Zhiwei seemed to see a large number of companies going bankrupt, the Hong Kong dollar depreciated in large quantities, and the deposits that people had worked hard for many years were swept away overnight. Countless people took to the streets. He, President of the Golden Guan Ju, became the sinner of the entire Hong Kong city and was nailed to the pillar of shame in history...

no!

This is absolutely not possible!

Wen Zhiwei immediately dialed Huo Mingyuan's number and opened his mouth and shouted: "I don't care what you use, I'll find a way to raise the stock market immediately, at all costs!"

After Huo Mingyuan, Wen Zhiwei later called the other five responsible persons and issued the same order.

But what Wen Zhiwei didn't know was that before he conveyed the order, these six major fund companies or securities firms had increased their hedging efforts to the market as soon as the crisis broke out, but they still couldn't recover.

This was also proved when Wen Zhiwei put down the phone and the people from the technical department came to report the situation.

"No, I also have to raise interest rates, increase their speculative costs, and curb the overheated capital market now!"

Wen Zhiwei said as he picked up the phone and asked the Secretariat to formulate a policy to increase interest rates as soon as possible. He also emphasized that it is necessary to immediately suppress the current stock market situation.

After conveying the order, Wen Zhiwei was about to sit down, but suddenly he thought of something, so he immediately got up and grabbed the phone...

Wen Zhiwei was still thinking of a solution here, and the assistant outside knocked in again on the other side and told Wen Zhiwei that Steve, chairman of Fenghui Group, and Liu Runhong, chairman of Honghong Group, hoped to talk to Wen Zhiwei.

Wen Zhiwei waved his hand without thinking: "Tell these guys, if they want to come, I will come to the MAS by myself now, otherwise I will have no time to pay attention to them!"

After saying that, Wen Zhiwei turned around and grabbed his hair, murmured: "What else can I do now..."

Zhou Ming stood by and watched Wen Zhiwei busy as he was crazy. It wasn't Zhou Ming watching coldly. After all, Wen Zhiwei has been the president of the Financial Administration for eight years. He has undoubtedly had more experience in managing the overall financial market situation than himself. It is better not to make any mistakes.
Chapter completed!