Chapter 921 [The panic index explodes, and the small black room is directly closed]
"Shuha? Are you sure?"
The elevator door opened, Luo Sheng walked on the corridor to the large living room and added with a smile: "Mr. Liu, you have figured it out. After this time, I want to get off the bus halfway, but there is no service station. It's time to reach the end."
On the other side of the communication, Liu Wen, who was standing in front of the office windowsill, said unwaveringly: "I'm sure!"
On the other side, Luo Sheng was already sitting comfortably on the large curved sofa in the hall, crossing his legs and replied: "Okay, I will dare to pick up as much as you have."
Liu Wen smiled and said, "Grudge your teeth and make up an integer and invest 100 billion."
Luo Sheng: "No problem, I'll take it. I hope you can settle your investors."
Liu Wen: "Haha, Mr. Luo, don't worry, no matter how much my investors can make trouble, they will not make trouble at the gate of Shengfeng Capital."
Luo Sheng: "That's good."
The communication ended here, and Mr. Liu was also always betting on the gambling process.
But then again, investing in the "ladder project" is itself a big gamble.
...
"What did you say? If you don't come out, you have to work another 100 million yuan? Are you crazy or are you listening to my ears?"
At the management meeting of the venture capital fund, all the executives at the meeting were stunned when they heard Liu Wen's decision.
Liu Wen said with great certainty: "You heard it right, I'm not crazy either."
The executive who had just spoken clapped his hands and covered his face, shook his tie, lowered his head and looked at Liu Wen for a while and said, "Old Liu, if an investor knows, he will definitely kill you."
Venture capital funds have developed rapidly over the years. Although industry peers have ridiculed Liu Wen for not having any beautiful achievements other than betting on Luo Sheng, they cannot withstand the rich returns of investors.
It is useless to make so many fools, and it can bring profits to investors better than everything. This is also something that peers are very angry about. It is more envy, jealousy than ridicule.
Many investors are willing to hand over their funds to venture capital management. Most of them are wealthy people with wealthy assets. The investment threshold is more than RMB 5 million, which is not something that ordinary people can obtain.
However, these investors cannot reach the threshold of Shengfeng Capital, so the venture capital fund has won these customers. These people indirectly satisfy their desire to invest in Shengfeng Capital through investing in venture capital funds.
Of course, Shengfeng Capital is no longer a hot commodity in their eyes, but an extremely hot potato, and they are eager to throw it away.
Liu Wen said in a deep voice: "I had already been on the phone with Luo Sheng an hour ago, and it was this phone call that prompted me to make this decision."
The colleagues attending the meeting immediately asked: "What did Luo Sheng tell you? You won't be fooled by him again, right?"
Liu Wenben planned to say it directly, but he choked back when he was in his voice.
inappropriate!
The fewer people know the truth, the better. Liu Wen seemed very cautious at this moment. Although Luo Sheng did not deliberately or hint on him to keep it secret, he would never make any mistakes, at least he could not spread it from his mouth.
Another reason is that if such internal news spread, how could I buy at the bottom with Guo Jia’s team?
The value of this information can be calculated in units of billions and is a sky-high price.
Finally, Liu Wen reiterated and said, "Let me keep it aside, but don't you think Shengfeng Capital is too abnormal this time? Is it really impossible to withstand the pressure of global investors' condemnation and was forced to open the exit mechanism in advance, or is there any other factor?"
Everyone present looked at each other. After a moment, the other party spread his hands and said, "Old Liu, we can accept that you are insincere, but investors don't like yours. If you really insist on doing this, the investors of the venture capital fund will also ask for redemption of the fund. We will explode before Shengfeng Capital will."
Liu Wen said without hesitation: "Then lock the warehouse!"
Venture capital funds have an investment agreement with investors. In order to protect the rights and interests of all investors, when necessary, venture capital funds can close the fund's position, and investors are not allowed to redeem the fund shares during this period.
"You really want to do this?"
“It must be done.”
Seeing that the dissuasion was ineffective, the executive sitting next to Liu Wen said helplessly: "Okay, I suggest you bring more bodyguards when you go out in the future."
"Everyone, I will bear this matter alone. At worst, I will have to spend more than ten years in prison." Liu Wen looked around everyone and said so resolutely that the participants had nothing to say.
In fact, Liu Wen knew very well that his future and destiny had been kidnapped with Luo Sheng, and he had to do so. The venture capital fund had rapidly expanded from a scale of only 100 billion yuan at the beginning to a scale of nearly 2 trillion yuan today because it hugged Luo Sheng's thighs tightly.
This is the greatest value of venture capital funds. Without the expectations and support of the name "Luo Sheng", venture capital funds are actually a mediocre asset management institution. Liu Wen is not the top big boss in the circle today, and 90% of his peers would have to be polite and respectfully called Mr. Liu.
Liu Wen was very clear about all this. If he didn't follow Luo Sheng, he would have no future and could only let go and take a big gamble.
It can be seen from this that Liu Wen didn't want to be a gambling monster, but he had to be a gambling monster.
...
Time passed by minute by minute, and today it was full of heavy news. First, thousands of stocks hit the limit during the day, and then in the afternoon, Shengfeng Capital held a press conference to publicly announce the withdrawal of global investors.
This is an explosive news that triggered a major earthquake in the global capital market, further driving a second flash crash in the global stock market.
Since Shengfeng Capital agreed to investors to withdraw and investors redeem their capital share, Shengfeng Capital must deliver and liquidate, where does the money come from?
There is no doubt that we can only be forced to reduce our holdings on a large scale and sell our stocks or other asset targets, so all listed companies held by Shengfeng Capital will inevitably usher in large-scale selling.
At this time, investors holding these stocks were trembling on their three legs. Under the background of huge panic, there would undoubtedly be more funds to escape, which triggered a flash crash in the stock price and a collapse of the joint effect.
...
That night, Bluestar Technology Group began to crash twice before the U.S. stock market. After opening, it took the lead in falling, dragging down the entire Nasdaq comprehensive index, and then led the three major North American stock indexes to dive together.
Bluestar Technology plummeted -33.62%. After the stock split, Bluestar Technology's market value once rose to US$4.2 trillion, which had plummeted 18.58% yesterday. Now it has collapsed again, with a market value of only US$2.269 trillion. In just two days, the market value of Bluestar Technology Group evaporated by nearly US$2 trillion, a drop of -45.95%, and was almost cut in half.
The second bloody collapse of Bluestar Technology Group's stock price directly caused the US stock market to trigger the circuit breaker mechanism.
At the same time, in the eastern hemisphere at night, domestic investors had given up treatment when they saw the circuit breaker of the US stock market, and a thought came to their minds: It's completely helpless, wait for death.
The market has no hope at all, and there is no slight confidence.
The village chief panicked.
...
The next day, around 9:00 in the morning, the two major exchanges in Shanghai and Shenzhen issued an emergency announcement that due to the huge fluctuations in the peripheral markets recently, in order to protect investors' rights, they will suspend trading for Blue Pure Electric Automobile (market value of 12 trillion yuan), Xiongxin Electronics (market value of 3.2 trillion yuan), Bochuang Technology (market value of 1.76 trillion yuan), and Huachang Technology (market value of 896 billion yuan).
Yesterday, the A-level limit down was caused by these four companies' collectively falling to the limit down by 20% at the beginning. These four companies evaporated 4.5 trillion yuan yesterday.
It’s not about the small dark house. Today, the market is stably hitting the limit again. If the market hits the limit again today, it will reach 2,600 points. In addition, the subsequent inertial momentum drops, it is highly likely that it will be killed to 2,000 points.
The last time it fell below 2000 points was in 2014.
Before the black swan was revealed, no one in the world would believe that the Shanghai Composite Index could still break 3,000 points. This is history. It is impossible to return to below 3,000 points. No matter how it falls, it is impossible to fall.
That's not to mention 2,000 points, it's impossible to smash it hard.
But today, it is really possible to be fucked below 2,000 points, and this possibility is extremely high.
Once this situation occurs, the entire capital market will be completely necrotic. The future of A will surely enter a bear market for at least ten years, and it may not be possible to recover from this in ten years.
This also gave birth to an unprecedented case for the first time. In order to prevent the four leading companies from hitting the limit again, Guan Xiaohei was locked up in the market in the past, which also made many investors complain about the limit down and why did they ignore the stocks that hit the limit?
OK, that's it.
It is undoubtedly witnessing history.
The resumption of trading for four companies that were suspended was set on Monday, July 12, and the good guy closed the small black room for two months in one go.
All the big funds that were about to escape today were stunned. They scolded the "village chief" behind the screen for being fooled by the "village chief" but they had no choice but to be helpless, and their arms could not be swayed.
Small and medium-sized investors and retail investors also gave collective praise to the "village chief" for the first time. This wave of suspension of trading really saved countless small children's lives. Because if the trading is not suspended, the price and time are preferred in the transaction rules that mean that if the amount of funds is large, the transaction will be run away first, and the small funds will not be able to escape at all, and they will be eaten tightly when the limit is hit.
The suspension means there is still hope, and there may be a turning point in two months.
After all, the venue is opened by the village chief, and the village chief has the final say. The village chief has the worst ultimate method. If the entire market cannot bear pressure, then the market will be closed directly and all the labor and capital will be locked in a small black room.
But this is a seven-injury punch, which has great harm to the financial market. You can try not to use it unless you have to. But it can also be used when you have to. The 3,000-point integer mark is a position that must be kept firmly in the position, and even if you are reluctant to break it, you cannot break it.
Once broken, it will inevitably lead to systemic financial risks, which will be transmitted from the stock market to the banks and then to the real economy, with unimaginable consequences.
If there is such a risk, it can only temporarily freeze the liquidity of the whole city and must be strongly intervened in the market.
This kind of thing can only be done in China, but it cannot be done in North America. It is not valid in theory and will only watch the bloody collapse.
...
Chapter completed!