It's this kind of thing again where you want the oxen to work and you have to get a loan from the oxen to buy the plow.

Although everyone is slandering, it is rare that everyone has the same goal this time, and that 1,000 points may really be the bottom of history.

Market sentiment is now extremely sluggish, trading volume has shrunk significantly, and some stocks will hit their daily limit if you buy even a little bit.

CICC, as the leader of securities companies, has always maintained the same position as the China Securities Regulatory Commission.

Chairman Li Jiange was the first to express his intention to enter the market in the near future.

Lin Hai followed closely and immediately promised that he would free up 5 billion funds in the near future to buy individual stocks to stabilize the market environment.

Although he is a native of Xiangjiang, after coming to the mainland in the past two years, he has learned a lot about the world and naturally knows what kind of attitude the China Securities Regulatory Commission and the upper management need.

The representatives of the securities institutions present did not dare to underestimate this rising star in China's financial world.

After all, this industry is always linked to strength and money.

Although Lin Hai is from private equity and has low academic qualifications, having only graduated from Xiangjiang University, according to industry sources, he was among the top three players in the stock trading competition when he was first in Xiangjiang.

After that, I worked for Infinite Private Equity, which was even more capital-rich.

It has operated hundreds of billions of funds.

Even if we look at the entire international financial industry, it is quite famous, no less famous than Soros' Quantum Fund.

Even better in terms of performance.

It is worth mentioning that during this period, although China's domestic securities industry developed rapidly, compared with Xiangjiang's mature financial system, the amount of funds and all aspects were still very weak.

This may not be intuitive for many people.

Take CITIC Securities for example.

It ranks first among securities firms with net capital of 4.089 billion yuan.

The net capital of the five leading securities companies, including Haitong, Everbright, Huatai, Guotai Junan, and CITIC Construction Investment, is only over 2 billion.

The company with the smallest net assets is Great Wall Securities, with only over 500 million.

I don't even have the qualifications to attend this meeting.

Overall, the net capital scale of China Securities Industry still needs to be improved.

It is precisely because of this that Lin Hai's attitude is particularly important in this environment, and in a sense, it even surpasses that of CICC and other established securities firms.

After weighing the pros and cons, most securities companies asked for loans.

At the meeting, the man who had close communication with Chen Jie was Wang Guobin, the chairman of Orient Securities.

He borrowed 700 million and became the first securities firm to apply for a loan.

After the meeting was disbanded, representatives from almost all organizations declined CICC Chairman Li Jiange’s proposal to “get together” and immediately returned to the headquarters without stopping.

After all, the information revealed at today's meeting is too important.

They must seize the time and make detailed market entry plans to cope with this large-scale "dip hunting" operation.

Chen Jie and Lin Hai did not stay in Baijing for long. They took a flight back to South China City that afternoon.

This made Li Jiange feel regretful for a while.

CICC's income is diversified and involves cross-border investment, so he really wanted to exchange some ideas on foreign investment with Lin Hai.

But he also understands the importance of this node.

So there is no forcing.

I just said that we would meet again if we had the opportunity in the future.

By the time the plane landed at Bao'an Airport, it was already past ten o'clock in the evening.

Chen Jie did not go back to his residence, but immediately returned to the Infinity headquarters, found Chen Weidong, and briefly explained the content of today's meeting.

"Are you saying that the China Securities Regulatory Commission has called on you to collectively rescue the market?"

Chen Weidong was already preparing to get off work, but after listening to what Chen Jie said, he sat back at his desk, opened the computer software, and looked at the K-line chart of the Shanghai Composite Index.

On the most recent trading day, the closing point was 1013.64.

A small cross star.

"That's right, Lin Hai and I are ready to enter the market to buy the bottom. Nowadays, many A-share stocks are indeed seriously undervalued." Chen Jie looked around in the office and turned around before saying.

"I took a look and found that the market is indeed at the bottom now. You and Lin Hai should mobilize as much capital as possible to enter the market."

"Don't worry about systemic risks. There is no need for this position. Just fill up the position..."

He added another sentence.

As the top trader in the industry in his previous life, Chen Weidong has almost imprinted these historic bottom trends in his mind.

There are two types of bottoms in the stock market.

policy and technology.

However, experienced investors all know that whether it is the market index or the stock price, there should be a "round number bottom" that is agreed upon by market investors.

For example, an integer stock price of 5 or 10 yuan.

Often with some support.

The same goes for the market.

Around a thousand points, regardless of whether the index is more or less, it can basically be regarded as the position of an integer.

2005 was the year when the Chinese stock market truly bottomed out.

After four years of a long bear market, the mood of stock investors can be described as gloomy and gloomy.

Chen Weidong took out the latest dated "Securities Times" from the bottom of a pile of documents on his desk.

"The valuation system is in great disarray."

"Whether the decline will stop depends on the blue chips."

"Silence is greater than death."

"Another week of losses."

Several bold black titles on the page spread a sense of despair through the paper.

Many people's mentality began to be greatly tested. Some people went bankrupt as a result, while others chose to give up and no longer participate in the stock market.

However, there are also a few optimistic investors who firmly believe that the rebound of the stock market will happen sooner or later, so they choose not to give up or give up.

Many people understand the principle that things must be reversed when they reach their extremes, but not everyone can make the right judgment in the most desperate times.

Because everyone's psychological endurance is different.

Except for institutions.

They are already the market leaders.

According to Chen Weidong's memory, the historical bottom in 2005 was indeed completed under the leadership of securities firms.

In addition, in the A-share market this year, although most sectors and individual stocks still fell, there were not a few stocks that bottomed out early and rose.

After hearing what Chen Weidong said, Chen Jie became more confident in the stock market.

The next day.

That is June 6, 2005.

The Shanghai Composite Index opened at 1010.38.

After the market opened, the market was affected by panic and continued to decline. In less than ten minutes, it fell below the 1,000-point mark.

But that's all.

After the index was broken down, although there was a small amount of panic selling in the market, it quickly stopped at 998 points and began to rise slowly.

When the market refreshed again, the Shanghai Composite Index had returned to a position above 1,000 points.
Chapter completed!