Rebirth: The Financial Giant

As of March 15, more and more capital markets around the world have been banned from short selling. It is really impossible to bear such a crazy sell-off, and can only temporarily change the rules.

This still has some impact on Tiansheng Capital's overseas layout. After all, QDIE has shadows in major markets, and it's not just the Yingjiang family. However, the size of these markets is not large, so it does not affect big picture.

This weekend and weekends, the global capital market has become numb, especially this wave of slapstick operations by Yingguo.

And by the weekend, all kinds of good news for the domestic market continued to be released, and various institutions analyzed that they also comforted investors, fellows do not panic.

The country has stabilized, don't scare yourself...

...

Monday, March 16.

At Tiansheng Capital headquarters, Han Qiulin entered Lu Ming's office and sent a message.

Last night's news, on the afternoon of March 15 local time in North America, the Federal Reserve urgently announced a second round of interest rate cuts, reducing the target range of the federal funds rate to a 'zero interest rate' of 0 to 0.25%. At the same time, the Federal Reserve also announced 700 billion A massive quantitative easing program in the U.S. dollar, including repurchases of at least $500 billion in Treasuries and an increase in collateralization by at least $200 billion.”

Han Qiulin, who entered the office, looked at Lu Ming and continued: The Federal Reserve stated in a statement that day that the epidemic has impacted the economic activities of many countries around the world, and the global financial situation has been significantly affected. The economic outlook poses risks, so this rate cut will remain in this target range until we are confident that the North American economy has been tested by the risks.”

Lu Ming sat at his desk, leaning back against the office chair, closed his eyes and said nothing, while Han Qiulin added: In addition, the Federal Reserve announced that it will reduce the deposit reserve ratio to zero from March 26; from 3 The primary credit rate will be cut by 150 basis points to 0.25 per cent, effective today, 16 March, to help meet the credit needs of households and businesses.

A reporter asked whether the Fed's $700 billion asset purchase plan is a new round of quantitative easing. Powell did not deny it. It is reported that this move will make the Fed's assets and liabilities expressed to about 5 trillion US dollars. The Fed also said that the current increase , Britain, Japan, Europe and other banks have taken action to improve dollar liquidity.”

Hearing this, Lu Ming immediately opened his eyes, tapped on his work computer, and glanced at the foreign exchange market. The main US dollar index, the US dollar index, which has been appreciating sharply for four consecutive days, fell today. At this moment, it has fallen by about 1 percentage point within the day.

Tiansheng Capital is long in the US dollar index. A decline means a retracement of profits. Lu Ming turned it off after watching it for a while.

Understood. Lu Ming nodded and said, Go and do your job.

This is the second emergency rate cut by the Federal Reserve this month, and it is also the Fed's return to the zero interest rate era after the 2008 financial crisis.

As soon as Han Qiulin left, Lu Ming read the relevant news on the Internet. In terms of bond purchases, Powell said that a more relaxed environment can be created, and there is no upper limit on the scale of asset purchases per week or month.

This meeting replaced the interest rate meeting on March 18-19, and the interest rate meeting originally scheduled for this time period was suspended.

This is the opening of the nuclear-powered money printing machine. For the Fed, the two emergency rate cuts to zero, coupled with $700 billion in quantitative easing, have already suggested that the Fed is on the verge of running out of ammunition, and it can only continue indefinitely. Quantitative easing and bond purchases to release liquidity.

...

With the passage of time, the big A opened as scheduled, and today the Shanghai and Shenzhen stock markets opened higher, which made many panicked investors have expectations for the big A, ignoring the external bad news, is the big A really going to go independent?

But at 9:30, the market opened and dived.

The big financial banking sector jumped directly at the opening, Zhang Jiagang Bank went straight to the limit, and stocks such as Bauhinia Bank and Jiangyin Bank also fell sharply.

Subsequently, technology stocks also began to slump, causing the market to turn green and the decline to rapidly expand to the -0.70% water level. During the early trading, only the concept of masks and its Y sentiment benefited stocks strengthened.

During the weekend of last week, overseas Y-love exploded, and the crooked fruit people began to raise the Gu model, which made the concept of masks and many Y-love income stocks soar.

But the most important thing is that the Fed announced the second large-scale emergency rate cut yesterday. The market expected to cut interest rates loudly, but people did not expect that the intensity would be so large. The last time this level of battle was in 2008 year's financial crisis.

As soon as the news came out, all major markets around the world were plummeting today, and the big A was even more flamboyant. There was a high opening to induce more diving. At the weekend, there were teachers who said that interest rate cuts were good news, but the market was again anti-human.

Big institutions and big funds see that this wave of interest rate cuts by the Federal Reserve is a major negative. This wave of zero interest rate operations is equivalent to the financial crisis in 2008 according to its severity, causing market panic to break out again. For that financial tsunami, the global Investors are unforgettable.

Now the Asia-Pacific stock markets are plummeting, and the futures market is also plummeting, with various downs and downs.

In the A-share market, as soon as the market slumped, a large number of investors backhandedly made convertible bonds. There is no short-selling mechanism in the A-share market. thing.

The hot convertible bond market formed a seesaw effect with the broader market, so it indirectly played a short-selling mechanism during this period.

Before the market down limit ushered in the dark moment of 1.0 on February 3, when the market plummeted, investors only had to be beaten, and they didn’t even think about making money in the plummeting market environment. Thank goodness for not losing money.

However, since the day when the market fell to the limit on February 3, changes have gradually taken place, and more and more investors have realized the new world of convertible bonds.

By now, the convertible bond market has exploded. Thousands of investors seem to have formed a tacit consensus that the market is about to hit the market for convertible bonds. Many investors have made money in the convertible bond market, and with time With the passage of time, more and more people know and participate in the continuous promotion of the convertible bond boom.

At this moment, the market is diving, and the convertible bond market takes off directly.

On the Dragon Head Monster Bond, the call auction for Rong Convertible Bonds opened up +10%. In addition, Xingtian Convertible Bonds and Tongguang Convertible Bonds also opened up +10% in the auction. After the market opened, the market dived. Rush along the way.

At around 9:45, Mr. Han, who was last Friday overnight, sold at this time. The average transaction price was 325.1 yuan per piece. This wave of overnight blood earned +19.52%, about 60,000 yuan, and his new account was sold at this time. Account funds also soared to 383,600 yuan.

Lying roast, the Xingtian Convertible Bond is almost 50 points? Around 11 o'clock, Mr. Han looked at the convertible bond and noticed the debt, and then switched to the main stock Xingtian Pharmaceutical to look at the last transaction. At the end of the day, the daily limit was attacked, and today the one-word daily limit was opened, and then the convertible bonds burst!

When the market opened in the afternoon, Shangrong Convertible Bonds plunged sharply. Mr. Han stared at convertible bonds and found that in today's convertible bond market, Shangrong Convertible Bonds and Xingtian Convertible Bonds were competing for the top spot. As for Tongguang Convertible Bonds, it was cold in the morning.

In the afternoon, the Rong Convertible Bonds were also cold, Xingtian Convertible Bonds came out, Lao Long went up to the Rong Convertible Bonds and pulled his crotch, but the transaction volume was still at the level of 8.9 billion, and the popularity was on the rise.

But the transaction volume of Xingtian Convertible Bond has also picked up. This is a new bond that was only listed in the middle and late January of this year. The transaction volume last Friday was less than 100 million yuan, but today's volume can be reached so far. After sprinting towards 2 billion, it has only been opened for more than half an hour. Although it is not comparable to the Shangrong convertible bond, this amount is already a super huge amount compared to this convertible bond.

Moreover, the price of this bond is low and the plate is small, and now its popularity has risen, and the new dragon's temperament has already rushed to the face.

...