The husband of a financial tycoon

Zhuang Xing didn't close his eyes all night. After getting off the boat, he took a taxi to the Zhongcang Office. Xu Si had already arrived.

Part of it is that many parties asked China Warehouse to disclose the account number of the Wuxi institutional position, and part of it was that the short side came to close the position at a low price, but no matter what the trouble was, the price on the 22nd was finally announced to be 148 yuan.

It turned out that early this morning, Fuhong Securities accepted all the empty orders thrown out by the market. In general, Zhuang Xing not only saved his capital, but also made a small profit.

The two stood in the corner, Xu Si took a puff of cigarette and asked, "Ah Xing, shall we close the position?"

"Don't act now, and decide after checking the price before the end of today." Zhuang Xing had a hunch that Fuhong would continue to build long positions.

Xu Si nodded. After thinking about it, he couldn't help asking: "Ah Xing, what are you thinking? Tell your buddies."

Zhuang Xing shook his head outside the iron gate of the Zhongcang Institute, signaling to go out and said, Xu Si hurriedly followed, Zhuang Xing lit a cigarette for himself while walking, he was very conscious, but his eyes were a little sore.

He used to smoke occasionally in the United States, for work and social gatherings, but he never touched it when he returned to Zhuang Zhou Island. Two big men stood by the roadside, surrounded by a few passers-by, and Zhuang Xing said: "Wan Jinhe Fu Hong is frying golden flowers."

"Fried golden flowers?" Xu Si was a little puzzled.

Zhuang Xing asked: "Do you know who Liu Yingfa of Fuhong is?"

Everyone in Shanghai knows it, and Xu Si knows it even more, "The former deputy minister of the Ministry of Finance."

"That's why they're playing Jinhua. Liu Yingfa has three aces in his hand, and Shen Wanjin has a straight flush." ​​Zhuang Xing held a cigarette with his index finger, dusted off the soot, and his knuckle-boned fingers were slender and powerful.

Xu Si understood, how can mere Shun Jin compare with a leopard?

Zhuang Xing took a deep breath of the cigarette, and then said: "I was still worried on the way here, the price announced just now confirmed my guess, more than one billion, Fu Hong followed suit, he didn't have anything in hand, Do you believe it?"

Seeing the situation clearly is a habit that Zhuang Xing developed while studying abroad and working part-time, so I have to talk about the details.Just as he guessed, Fu Hong was playing a big game of chess.

In the VIP room on the top floor of the Fuhong Securities Building, there were five high-level executives in neat suits, two of whom were father and son who had eaten at the Peace Hotel with Shen Wanjin.

The reason they came to Fuhong this time was to reconcile their positions. After expressing his intention, his father Lai Wei added: "In this way, you buy and sell, and reduce the position together. Both parties can get back part of the deposit. Is Liu Dong willing to win?"

Liu Yingfa smiled after hearing the intention of the father and son. There was a reason why he would meet the father and son, "Shen Wanjin asked you to come?"

Lai Wei and his son did not answer. The answer is obvious. The Shanghai business community knows that their father and son have a bonded relationship with Shen Wanjin.

Liu Yingfa wasn't obsessed with this answer either, and continued, "I, Fuhong, will follow you as much as Wanjin chases. Don't talk to me about playing small things. If you want to play with me, Liu Yingfa will play big ones."

Liu Yingfa sneered in her heart, originally playing 100, and now I was holding Wang Zang in my hand, but you told me to change it to 1 yuan, would you like to change it to you?

One of the directors of Fuhong persuaded according to the script: "Boss Lai will come to Fuhong today, which means that Boss Lai is a smart person. Reconciliation is definitely impossible. There are so many people waiting for dinner in Fuhong. What do you think?" right?"

"The position cannot be reconciled. Boss Lai, you can reduce your position and go long. Boss Lai doesn't want to go bankrupt."

…………

On the morning of February 2, the 23 short side in the bond market caused a riot. At 327 o'clock in the morning, Lai's Securities made a long order of 10 million lots at a price of 200 yuan.

Wanjin Securities was caught off guard, and the alliance turned against the water. This move directly caused Wanjin to lose 12 billion yuan.

At this moment, Zhuang Xing and Xu Si were sitting in the car, and on the way home Xu Si gushed out his admiration for Zhuang Xing, "Did you expect that yesterday?"

Zhuang Xing held a cigarette in his right hand, put his elbow on the car window, looked at the pedestrians outside the car, and calmly reasoned: "There is no need to guess, the things on the table are just complicated for you, and you don't want to believe the surface. What is shown, be more confident in the future, Lao Si."

Xu Si was dubbed as 'not confident' for no reason, "But this is too blatant!"

Zhuang Xing was smoking a cigarette without saying a word, Xu Si said for him: "327 is sold by ordinary people who are rushing to buy it. Brokers are interested in its rise. They want to resell it to make a difference. They have to sell it short and buy it down. But they have the capital to rise. It can’t fall, and the short side insists on buying high and selling low, but it’s a pity that there is a hard stubble.”

"Yes, so Mrs. Lai should have discovered that Fu Hong had a leopard in his hand, so he stopped the loss in time." Zhuang Xing answered.

"Since the landlord has Wang Zha, shall we increase the position?"

Zhuang Xing shook his head, "Don't add it yet, Wan Jin will definitely make a move, we'll wait and see."

…………

Shen Wanjin was furious when he found out that he was betrayed by his allies. Shunjin in his hand was the general manager of the Shanghai Stock Exchange. He called him, "It is impossible for Lai's Securities to have a margin of 200 million lots. There is something wrong with this transaction, Lao Xu, you should suspend today's transaction for a day and check it out."

Shen Wanjin knew in his heart that it was impossible for Lai to close the short order in such a short period of time. The long order of 200 million lots was an illegal operation without a margin. operational.

But what he didn't expect was that Shunjin in his hand refused: "I don't have the right to close the transaction without authorization, you should lighten your position first and try to reduce the loss as much as possible?"

After Lao Xu finished speaking, he hung up the phone, and Shen Wanjin knew that he was doomed this time!

But he is not reconciled, this loss will directly lead to the collapse of his ten-year wealth kingdom, he thought to himself: If you don't investigate Lai's violations, then I will come too.

This is the case with Fried Gold Flower. If you don't follow, you will definitely lose, but if you follow, you may fight back.

On February 95, 2, at 23:5 p.m., Wanjin Securities placed an empty order of 700 million lots, and the Wuxi institution kept accepting orders. Under the two-box operation, the transaction was successful.

The closing price of the day was 147 yuan, and the multi-party leaders of Fuhong Securities, including Zhuang Xing's multi-party retail investors, were caught off guard.

This move will directly cause Fuhong to face a huge loss of 40 billion, not to mention Lai's Securities, which has many flips.

From the tens of millions of nouveau riche in the morning to the pauper with high debts at the end of the afternoon, all parties experienced earth-shaking changes in their value on this day.

Zhuang Xing and Xu Si drove to the Zhongcang Institute. The iron gate of the Zhongcang Institute had been smashed open by the crowd, and the gate was crowded with people. It was closed during non-business hours.

Zhuang Xing asked Xu Sikai to go to the Shanghai Stock Exchange. This place is even more hell on earth. Some people even fainted at the door. This is the rhythm of going bankrupt, and everyone's face is pale.

Everyone questioned the origin of the 700 million empty orders. You must know that the country’s annual GDP in 95 was more than 7000 billion, and the market value of the 700 million empty orders was 1400 billion. What kind of guarantee did Wanjin Securities take?

The official response to this question has been delayed, and the crowd has already started smashing the doors of the exchange, and the Shanghai Stock Exchange had to use police officers to control the scene.

Zhuang Xing never thought that Wanjin Securities would dare to follow the situation when the situation was so clear. He couldn't help questioning himself. After all, he was too conceited. Unfair competition among brokerage firms is a very serious problem. This road in the city is really not easy to walk.

Xu Si was also silently smoking a cigarette. The principal of 60 was the next best thing. The liquidation of the short order meant that he and Zhuang Xing had to call for additional margin. But is it really worth it to compete in the bond market like this?

And even if there is an increase, it is very likely that they will continue to lose money. This move by Wanjin Securities has completely driven many parties to a dead end.

The two sat quietly in the car, watching the large-scale farce at the entrance of the Shanghai Stock Exchange, and they were also waiting for a result.

Zhuang Xing was in a complicated mood. He felt that his blind self-confidence had caused his brothers to lose money. After thinking about it, he opened his mouth: "Tomorrow, Zhongcang will open, and I will reduce the position. I will cover as much as I can, and then you will Take it first..."

With a cigarette in his mouth, Xu Si hammered Zhuang Xing with his right hand, "What are you talking about? The four of us made a decision together. If you lose money, you will lose money. Anyway, the money will not be spent in the bank, are you brothers? Is it difficult for the brothers? Tongdang, are you planning to share your blessings with my brothers in the future?"

Zhuang Xing wanted to continue, but Xu Si opened the car door and said, "Tell me again, I got out of the car, is it brother?"

The two were looking at each other, and suddenly the crowd at the entrance of the exchange started shouting. The two quickly got out of the car, took advantage of their height and stood on the periphery, and saw Lao Xu, the general manager of the Shanghai Stock Exchange.

It was already 11 o'clock in the evening, and the crowd did not become silent with time, but became more impatient and irritable.

"This afternoon, that is, after 2:23 on February 17, all transactions of 327 varieties are abnormal and invalid, so this part of the transaction will not be included in today's settlement price, trading volume and open interest. The specific price and transaction volume The amount will be announced at 6 o'clock tomorrow morning at the latest."

That night, Zhuang Xing and Xu Si huddled in the car, stayed up all night with everyone outside the gate of the Shanghai Stock Exchange, and finally waited for the results to be announced.

“经过调整，1995年2月23号当日的327品种的国债价格为151.3元。”

This notice directly announced that the 327 multi-party investors have won a big victory.

"For securities companies that violated regulations after 23 o'clock on the 5rd, the Shanghai Stock Exchange will further investigate the relevant situation and take serious punishment."

"Shanghai Stock Exchange announced the suspension of treasury bond futures trading!"

On the 27th, the Shanghai Stock Exchange began to organize agreements to close positions.Due to the forced liquidation of the member or customer's violation, the 327 treasury bond transaction is included in the non-operating income and will no longer be transferred to the violating member or customer.

Returning to heaven from hell, the four of Zhuang Xing obediently responded to the liquidation plan, mainly because they really didn't want to suffer in the domestic bond market.

The four of Zhuang Xing earned a total of 2500 million yuan, and Fuhong Securities made a profit of 40 billion yuan.

Wanjin Securities declared bankruptcy, Shen Wanjin was arrested by the judiciary for illegal operations, Lai's profits of hundreds of millions of dollars in treason disappeared, and countless short parties lost their money.

Until he was imprisoned, Shen Wanjin finally spoke in an interview: "I didn't think that Lao Xu would dare to risk the disgrace of the world and cancel those few transactions. I think that if they want to cancel, they should be canceled throughout the day. First of all, people in the morning violated the rules first. , everyone has over-built positions, I ask you to stop the market, if you don’t care, I have the next action.”

In this regard, Lao Xu, general manager of the Shanghai Stock Exchange, replied: "If those transactions are admitted, most short sellers will turn from profit to loss, which will cause social problems. If they do not admit it, it will only affect the customers who benefited from these transactions. , whichever is the lesser of two evils."

Despite this, Lao Xu, the general manager of the Shanghai Stock Exchange, was still dismissed, and 327 became a hot event that was reported by the financial sector in 95.

This "super luxury feast for the securities market to carve up state-owned assets" was forced to stop. The multi-party parties in Jiangsu and Zhejiang, led by Fu Hong, divided up all the billions of funds from short parties such as Wanjin Securities, which also created a crisis in the Jiangsu and Zhejiang areas. A large number of multi-millionaires have risen.