The male god of magic capital

Chapter 171 172 The stock market plummeted in a row!

In the morning, the Panchengtian public offering fund cashed out 104 billion in cash, plus the original 88 billion in cash, a total of 192 billion in cash accounted for 40% of the total assets.

Plus stocks worth 288 billion, accounting for 60% of the total assets.

The asset size of Chengtian public offering fund is 480 billion.

To Luo Cheng's surprise today, the market didn't drop sharply!

However, he judged that the market will fall sharply next week, and when the medical sector will follow suit, the 288 billion stocks will definitely shrink a lot, so he will short the Shanghai and Shenzhen 300 Index futures for hedging.

Losses on stocks and profits on stock index futures will cancel each other out. If there are more profits on stock index futures, then profits can still be made.

The market is very strong this morning, and it happened to be short of the Shanghai and Shenzhen 300 Index in the afternoon!

Jiang Manman asked: "Boss, shall we short the Shanghai and Shenzhen 300 Index next week, or after the market opens in the afternoon?"

"In the afternoon, short stock index futures worth 300 billion!"

The leverage of the Shanghai and Shenzhen 300 Index futures is between 10 and 20 times, and the contract worth 300 billion is shorted.

Well, after careful calculation, if the CSI 300 Index is at 3880,

一手合约是价值为3880*300=116万，价值300亿的合约，那就是2.5万手。

One point fluctuation of Shanghai and Shenzhen 300 index futures is 300 yuan, and if there are 2.5 lots, then one point fluctuation is 750 million profit and loss.

This time, it is to hedge the losses in stocks, so I shorted the Shanghai and Shenzhen 300 index futures, and the trading volume of the Shanghai and Shenzhen index futures is very large. Many private equity funds, large retail investors, top hot money and large institutional traders in the market like it Do CSI 300 Index futures.

Its daily turnover is also very huge.

When the trading volume was at its peak, the daily trading volume of the CSI 300 Index futures was as high as several million lots.

"After the market opens, build positions slowly!"

Luo Cheng does not intend to build a position quickly, just take it slow.

"Yes, BOSS." Everyone was very excited.

·
At this moment, Bank of East Asia Financial Building.

Huang Hanxing, President of Dah Sing Bank, and Li Minqiao, President of Bank of East Asia, were drinking tea and discussing the rise of the market index and the decline of many stock prices in the medical sector.

Huang Hanxing pondered for a while, and said: "Mr. Li, this Chengtian Public Fund is selling stocks in the medical sector. Before that, it also sold the stocks of Pien Tze Huang and Aier Ophthalmology to me at a discount. I think Luo Cheng is not optimistic about the next medical sector. sector, as well as the broader market trend of the stock market.”

Li Minqiao asked with a smile: "The Shanghai and Shenzhen 300 Index will break through 4000 points soon, and he is not optimistic?"

"Our traders from East Asia Securities have also established a lot of long positions!"

Huang Hanxing: "Our Dah Sing Securities has also established a lot of long positions. There is a high probability that the CSI 300 Index will reach 4000 points next week."

Li Minqiao suddenly said: "Every time this Chengtian public offering fund sells medical stocks, it then shorts the CSI 300 index futures for hedging. Do you think Luo Cheng will short the CSI 300 index futures this time?"

Huang Hanxing: "Maybe."

Li Minqiao: "That's right at our gunpoint, haha."

He took a sip of his teacup proudly.

Huang Hanxing said with a smile: "Then the traders of the securities company will buy more CSI 300 Index futures."

It will soon be the opening of the afternoon session.

Chengtian Public Fund began to short the CSI 300 Index futures.

10 hands!
30 hands!
50 hands!
···
The small move did not have any impact on the Shanghai and Shenzhen 300 Index, and soon shorted 3880 hands in the 1000 area.

At this time, the self-operated traders of East Asia Securities and Daxin Securities began to buy large sums of CSI 300 index futures, which made the CSI 300 index futures rise.

Luo Cheng was taken aback, and ordered the traders to stop short selling.

Soon the Shanghai and Shenzhen Index rose to 3890, and Luo Cheng ordered: "Short 1000 lots!"

"Yes, BOSS!"

Shorted 1000 lots soon, but didn't see any effect.

There are a lot of buying orders in the market, just in time, Luo Cheng shouted again: "Give me a continuous short position of 2.3 lots!"

"Yes, BOSS" everyone quickly shorted 2.3 lots!

The value of one contract is 116 million, and the 2.3 contracts are about 250 billion, which quickly dropped the valuation futures by 20 points.

After establishing a short position in stock index futures, wait for the market to fall next week.

·
The proprietary traders of East Asia Securities and Daxin Securities Huaxia Branch were dumbfounded.

"Selling Soon!"

"I'm going, what's going on?"

"Have funds to short at a high level?"

"It doesn't have to be short selling at a high level, it may be a large amount of liquidation by long institutions."

Short selling is selling, and long closing is also selling.

Everyone is a little confused, will there be institutions shorting at the top, preventing the Shanghai and Shenzhen 300 Index from breaking through 4000 points?
Not only East Asia Securities, Dah Sing Securities, but also other securities companies that are engaged in Shanghai and Shenzhen 300 index futures, as well as proprietary traders of private equity funds are also dumbfounded.

"Who is shorting this!"

"There were so many buying orders in the market just now, and they were all cleared in an instant. I'll go. This will cost at least 2 empty orders!"

"Stop buying first!" shouted a trading team leader from Daiwa Securities.

"Wait and see!" An old trader from Murano Securities ordered.

Everyone won't buy too much at one time, and this short-selling guy has at least made tens of thousands of hands at a time!

"Avoid the edge first!" The traders of Chase Financial Group also began to wait and see.

····
"Hehe, good time!"

"Keep buying!"

"It won't be a problem for the Shanghai and Shenzhen 300 Index to break through 4000 points next week!" A big hot money said excitedly.

"It's a good time to buy when it falls, so go in!" A large retail investor was also very excited.

This stock index futures is not something ordinary small retail investors can do. To open stock index futures trading, more than 50 funds are required.

Retail investors who can trade stock index futures are basically rich.

The margin for this lot is 15. Usually, retail investors make several lots. After all, the fluctuation of one lot is 1 yuan. Even if it fluctuates by 300 points in a day, it will be tens of thousands.

Of course, there are also fans of the God of Finance in Shanghai who are also operating, in a certain futures trading group.

"I'm going, the male god's public offering fund is selling stocks in the medical sector. It is obviously not optimistic about the market trend. I guess the market will not break through 4000 points!"

"I'll go, I don't think I can reach 3900 points, let alone 4000 points, go short!" A large retail investor suggested in a certain group.

"Then do it!"

"Short, short!"

···
Traders from East Asia Securities and Daxin Securities received orders.

"Buy CSI 300 Index Futures"

"Pull it back!"

"Pull it back!"

"Buy it!"

····
Not long after, the Shanghai and Shenzhen 300 Index returned to the 3890 position again, and finally closed here,

Li Minqiao said with a smile: "Next week, the CSI 300 Index will definitely break through 4000 points. This time, Chengtian Public Fund will lose money."

Huang Hanxing: "They are shorting the CSI 300 Index futures this time, hehe, if the CSI 300 Index continues to rise sharply next week, they will lose money."

Li Minqiao: "If they don't do hedging, the stock market will continue to rise next week, and the asset size of Chengtian Public Fund will exceed 500 billion, or even reach 600 billion in minutes. Unfortunately, Chengtian Public Fund chose to short the Shanghai and Shenzhen 300 Index. The big stock market rally this week has nothing to do with them."

Huang Hanxing said with a smile: "Before this guy, he sold me the shares of Pien Tze Huang and Aier Ophthalmology at a discount, and today he sold so many stocks in the medical sector. The medical sector will continue to rise next week, which makes him regret it."

Li Minqiao: "Haha, next week is our East Asia Fund, and Daxin Fund has made great efforts. Whether it is stocks or stock index futures, we will win big."

Time flies, and the weekend passed quickly.

Opening on Monday, the Shanghai and Shenzhen 300 Index began to fall sharply after 3890 minutes of movement in the 15 area.

3888
3885
3880
3878
3875
3870
3861
3852
···
Li Minqiao and Huang Hanxing were dumbfounded!

The medical sector also fell.

The stock prices of Pien Tze Huang and Aier Ophthalmology also plummeted, and Huang Hanxing regretted it.

Before Luo Cheng sold the shares of Pien Tze Huang and Aier Ophthalmology to him at a discount, he was still very happy, but he didn't expect the stock price to drop sharply when the market opened on Monday.

Because the market index fell sharply, the medical sector fell sharply, and Dah Sing Fund and East Asia Fund suffered heavy losses.

"Cao!"

"Will the market index reach 4000 points?"

"The decline is only temporary, just keep holding it!"

···
Christians and stockholders also suffered heavy losses in today's crash.

"The net value of the fund I bought has dropped severely."

"Is the stock market going to go bearish?"

"The market fell by 7%!"

"Hey, the retail investors are crying."

"Public funds are also bleak, and their net worth has dropped a lot."

"If I go, the net value of Chengtian Public Fund will not drop."

The stock market plummeted today, and the net worth of many peers in the public offering fund industry has dropped a lot, while the net worth of Chengtian Public Offering Fund is stable.

"This Chengtian public offering fund must have shorted the Shanghai and Shenzhen 300 Index for hedging, awesome!"

"I guess last Friday Chengtian Public Fund was reducing its holdings in the medical sector, and then shorted the Shanghai and Shenzhen 300 Index futures"

"The financial male god of the devil city is awesome!"

The next day, Tuesday, the market index continued to plummet, the medical sector continued to plummet, and the stock prices of Pien Tze Huang and Aier Ophthalmology continued to plummet, making Huang Hanxing feel very sad.

Before Luo Cheng sold him all the stocks of Pien Tze Huang and Aier Ophthalmology at a discount, he was still complacent, but now it is better, and he keeps losing money.

"Damn it!" Huang Hanxing thumped his chest several times.

···
The stock market fell sharply again this morning, which made it miserable for those who were long last week.

"Damn it, the stock market has plummeted for two days in a row"

"How did this happen?"

"Hey, it's been rising for too long. This time it couldn't break through 3900 points, so it turned around and fell."

"It's really a loss."

"Continue to carry!"

"I just can't believe it's not going back up."

"I was long on the stock index futures at the highest position last Friday, and my position was liquidated." A small retail investor cried with his head in his arms.

"Hey, so did I. It's too miserable!"

In the afternoon trading, the stock market continued to fall. At 1:[-], Luo Cheng asked traders to close their short positions in stock index futures.

The asset scale is as high as 482 billion.

Subsequently, the net value of the fund announced by Chengtian Public Fund.

Unit Net Value: 1.8041 (+0.4%)

(End of this chapter)