"Holy shit, just for a moment, the Shanghai Stock Exchange Index fell to 2.3%, and the ChiNext Index fell to around 3.5%. This is... the rhythm of a complete collapse!"

"Hey, the Internet speed technology that supports the disk alone can obviously not hold up anymore."

"With the collapse of Internet Speed ​​Technology, the weight of the GEM components can be said to be completely wiped out."

"This trend is definitely bad news!"

"What will it be? The news of the IPO restart has been announced. Are there any major negatives?"

"I don't know. You should know it when the news is clear after the market opens. At this time... you must be careful. You can reduce your position, but you will never buy the bottom."

In the midst of everyone's shocked and doubtful discussions...

In the late trading period after 2 o'clock, the market fell directly into a unilateral plummeting trend with a larger slope.

In the entire market, buying orders are scarce, but selling orders are endless. It seems that all investors holding positions on the market are fleeing and are selling down regardless of the cost.

And as this unilateral plunge continues, the number of stocks in the two cities that have reached their daily limit has also increased rapidly.

Finally, at 3 o'clock in the afternoon, when the market officially closed, the Shanghai Stock Exchange Index plummeted by more than 2.5%, the Shenzhen Stock Exchange Index fell by 2.98%, and the ChiNext Index plummeted by 4.03%. Not only was it impossible to recover 1,400 points, but even the 1,300-point mark was

, I’m afraid it will be difficult to hold on to it in the future.

And in the midst of a sharp drop in the index.

The 'Yuhang No. 1' and 'Yuhang No. 2' funds, which are under the leadership of Su Yu, have massively reduced their positions in the two core main line-related concept sectors of 'mobile Internet' and 'smartphone industry chain', as well as their popular stocks. They were the first to be hit.

The most brutal sell-off in the market.

Among them, the four major concept sectors of 'mobile games', 'Apple concept', 'Internet finance' and 'wearable devices' all fell by 6%, and the popular stocks in each major concept sector all set off a surge.

In the trend of limit-down, the total number of stocks in the four concept sectors has reached a limit of 18.

Of course, except for this area which has been completely abandoned by the main funds of the market and suffered the most severe decline.

The banking sector that experienced a sudden crash today, and Jinling Bank that almost fell to the limit in the end, also attracted the attention of countless investors in the market after the closing of the two markets, and discussions on related topics were extremely intense.

And while everyone was having heated discussions and becoming suspicious.

At around 4:20 p.m., major bad news about Jinling Bank began to appear in the public eye. According to market rumors, a rural commercial bank institution deeply related to Jinling Bank had liquidity problems and had a large number of user restrictions.

Withdrawals and transfers.

This rumor has just appeared on the market news.

It quickly swept through the entire financial market like a hurricane.

Even at 4:35, when the news had only been fermenting for less than 15 minutes, Jinling Bank issued an announcement stating that it had no close business relationship or fund custody behavior with this rural commercial bank, indicating that all internal risks were controllable.

, the factual view that business is normal, but the majority of investors in the market, facing Jinling Bank’s stock price that has almost dropped to the limit, and the market trend that has evaporated nearly 10 billion in one day, are still willing to believe the authenticity of the rumors.

Moreover, what is extremely dramatic is...

Shortly after Jinling Bank issued the announcement, interbank lending rates across the entire banking industry began to soar rapidly.

It seems that overnight, the market money shortage crisis that occurred in June this year reappeared.

"Sure enough, under the general environment of the entire banking industry shrinking off-balance sheet investments and carrying out internal reforms, market capital has indeed tightened seriously at the end of the year." After Jinling Bank issued the announcement, the market interbank lending rate soared.

At this moment, inside Zexi Investment and in the trading room, Xu Xiang sighed with emotion, "This announcement from Jinling Bank has confirmed the fact that the market is short of money!"

"Next, if the central bank does not increase the money supply in the market in a timely manner, I am afraid that this kind of money shortage crisis will continue to spread." Next to Xu Xiang, Zhou Kan continued, "If a financial crisis occurs, then the stock market will

Under this situation, there is even less motivation and foundation for upward movement.”

"Hey, I have to say..."

Zhou Kan paused and continued: "Mr. Su from 'Fortune Road' is really good at grasping selling points. If he had appeared a day later, I'm afraid it would not be so easy to sell the chips in his hand."

.”

"But this bad news is so close to his playing time."

"I'm afraid that Mr. Su has smelled some unusual signal before, so he hastily chosen to exit the warehouse on a large scale."

“The bank money shortage crisis in June was suppressed by the central bank by releasing a large amount of liquidity in the short term. The essential problem was not solved,” Xu Xiang said. “At the end of the year, the market demand for funds surged, and the central bank continued to adjust its monetary policy.

There has been no further action. In addition, under the supervision of regulatory authorities, banks are making internal business adjustments and shrinking off-balance sheet investments in large quantities. It is not entirely unexpected that the money shortage crisis has reappeared in the market. We have previously discussed

Hasn’t this been analyzed before? It’s just that it hasn’t been paid attention to. Speaking of which... Fortune Road can think of the constraints on the market’s upward trend in this aspect, and it’s not too unusual to exit the market to take profits at critical moments.”

"On the contrary..."

Xu Xiang paused and continued: "I am a little surprised that he ex-dividends the net value of the fund at this time!"

When Zhou Kan heard Xu Xiang's words, he didn't quite understand and said: "The net value of the 'Yuhang No. 1' fund has accumulated to almost 20 times. It is normal to ex-rights, lock in profits and withdraw funds, right? What does this mean?"

"It shows that he is not optimistic about the market in the medium and short term." Xu Xiang smiled and said, "Otherwise, there is no reason to ex-rights the fund's net value and lock in profits at this time. After all, for us fund managers,

Funds are like bullets. In the battlefield of the financial trading market, if you are optimistic about the medium and short-term market conditions and expect to make substantial profits in the medium and short-term, I am afraid that no one will dislike having too many bullets in their hands, because there are only more bullets.

, in order to make more profits!”

"Does this mean something like that?" Zhou Kan asked slightly surprised.

"But it doesn't matter." Xu Xiang paused and said, "We don't have many positions in the market anymore. No matter how the market changes in the future, it will not have a big impact on us."

With the continuous discussion between the two people, and the subsequent trend analysis of the market.

As time passed 5:30 pm, the rankings of the two cities were refreshed.

Amid everyone's expectations, Wealth Road, which was sold on a large scale yesterday, continues to be on the list today, occupying the selling position of four popular stocks, with a total of 683 million funds sold.

"Wealth Road sold another 683 million funds on the list!"

Seeing that Wealth Road was once again on the sell list of several stocks on the list, the majority of investors who were paying attention to the market were filled with excitement again.

"It seems that Mr. Su is determined to clear and reduce his holdings. The two main lines of 'mobile Internet' and 'smartphone industry chain' should have no future!"

"Mr. Su's reduction of positions is so accurate!"

"The last time Mr. Su reduced his position on a large scale, it was a major negative attack on the market's IPO restart; the last time, it was the successful implementation of the 'Shanghai Free Trade Zone' and the realization; this time, it was another round of money shortage caused by Jinling Bank

The crisis is really that every time Mr. Su reduces his position on a large scale, there will be major negative effects on the market!"

"I have said that Mr. Su is the real guiding light of the market."

"What do you mean by that? Only by believing in the path to wealth can you master wealth!"

"Hey, it's true. I should have believed Mr. Su a long time ago. If I hesitated to wait until the end of the meal to cut my flesh, I was really cut off again."

"Mr. Su has continued to reduce his positions on a large scale for two days. Now that the market is facing a money shortage crisis, the market will definitely be further depleted if it accepts funds. There is really no need to continue to hold positions."

"No wonder the market fell unilaterally this afternoon and all the main funds were on the run."

"What the hell, we're short of money again. Where did all the money go?"

"It's not that there is really less money, but that under the central bank's macro-monetary policy, banks can put less currency in circulation into the market, and the end of the year happens to be a time when the demand for currency in circulation increases significantly.

In this way, when the supply and demand of currency for circulation is unbalanced, the phenomenon of money shortage in the market will naturally appear, but in fact, there is no need to panic. In the face of the money shortage crisis among banks, the central bank should soon take action to adjust it.

, and...if the central bank adjusts a little more aggressively and cuts interest rates and reserve requirements, it might not be far away."

"The so-called crisis, crisis, there is opportunity only when there is danger!"

"Hey, I hope, otherwise it would be unbearable if it plummeted like this these past two days."

"Plummets are not normal. I feel that the market trend, although it looks scary, is still oscillating back and forth in the large box. This time, it is estimated that the index will reach the lower edge of the box at most, and it will be time to stop falling."

With everyone's heated discussion...

Topics about 'Wealth Road continues to reduce positions on a large scale' and 'Bank money shortage crisis reappears' continue to ferment in the financial market. The balance of long and short sentiments has once again tilted towards the shorts. The entire market, both online and offline

, at a glance, everything is bearish.

Fortunately, the central bank has acted very decisively in dealing with this banking crisis.

Before the inter-bank interest rate soared to an extremely high-risk level, at 8 o'clock that night, the central bank added a 500 billion market reverse repurchase quota to supplement the tight liquidity of the market at the end of the year and directly alleviate the situation.

This has led to the financial crisis of banks and the entire market.

However, even if the central bank released the benefits in a timely manner, it solved the 'bank money shortage' effect that had just exploded.

But the market has turned around and the mood of collapse is still irreversible.

In the next three trading days, under the influence of extremely heavy selling and pessimistic sentiment, the market continued to fall, once again breaking out of the five consecutive negative trends, and the major indexes all fell by more than 5% in a week, which was completely reversed.

The gains in the previous week formed an extremely ugly downward trend on both the weekly and daily charts, causing the upward trend that had been rising steadily to be cut off in the middle and cease to exist!

Of course, during these three consecutive days of decline.

Under Su Yu's guidance, Li Meng has asked traders to reduce the positions of the 'Yuhang No. 1' and 'Yuhang No. 2' funds to the expected position, that is, the 20% position level.

During these three days, the ‘Yuhang No. 1’ fund is fully open to free subscription and redemption rights.

The 3.752 billion in funds after ex-rights of the net value of the 'Yuhang No. 1' fund have also entered the company's account, and through various financial settlements, Su Yu has returned the interest-free short-term loan of 220 million previously lent to the company.

Su Yu received the 220 million yuan.

First, he repaid the 120 million borrowed from Qian Yuanbao in October for his investment in Zitiao Network, and added 2 million in interest. Then he combined the remaining 100 million with his original cash of more than 37 million.

Returning to one place, so far...his personal cash flow has once again reached more than 100 million.

Facing 137 million in liquid cash, Su Yu was wondering how to spend the money.
Chapter completed!