After entering 2024, A-shares fell to a new record! It has created a magnificence that the stock market crash in 2015 has never reached, and the tragedy is second only to the circuit breaker.
Forced the top to shoot.
Today, it's finally time to save the market, **Huijin is here**.
In the morning, ** Huijin issued a blockbuster announcement that it has recently expanded the scope of ETF holdings, and will continue to increase its holdings and expand the scale of its holdings
On February 5, the broad-based leading ETFs tracking the CSI 500, CSI 1000 and ChiNext indices have clearly shown a net trend of funds, and the trading volume has also been abnormally enlarged.
Wind data shows that as of February 5, there were 841** ETFs (including cross-border ETFs) in the whole market, with a total size of 174 trillion yuan. In yesterday's reversal, funds borrowed 19.5 billion shares of ETFs, with a net inflow of about 46.6 billion yuan.
"**The funds are so ferocious, it seems that this time the determination to save the market is really great.
The market is really boiling, as of **, the Shanghai Composite Index rose 323% at 278949 points; The Shenzhen Component Index rose 622% at 846038 points; The GEM index rose 671% at 166745 points. The CSI 1000 Index was once **8 in the afternoon1%, the largest one-day increase in history. Northbound funds are net **1260.5 billion yuan.
I have to say that the bailout is really coming.
Recently, the news release of the China Securities Regulatory Commission has been very frequent, and the Securities Regulatory Commission has spoken out 10 times in 3 days, which is really rare for such a dense period.
It's important to say a few things.
On February 5, it was announced that 100 accounts that manipulated ** were arrested.
Seeing that the data is quite scary, selling 2.7 billion yuan, illegal profit of about 1300 million yuan.
The end of the last round of stock market crash was also the end of the Ministry of Public Security's malicious shorting.
After this news came out, everyone was discussing what is "malicious" and whether there is "goodwill" shorting. The normal market allows the market to be short, there are shorts, and there are long positions, so that the market has a normal mechanism.
The mechanism of shorting has always existed, and how to define "bad faith" and "good faith" should be stipulated from the level of the legal system. As soon as something happens, we can't find a few institutions or individuals to vent our anger, and the standardization of the system can make the market healthier.
Or in South Korea, which is next door to study, it is directly one-size-fits-all, and when it falls sharply, it is directly forbidden to "short".
In addition, the two financial services guide the elasticity of the liquidation line.
The two financial business is to increase leverage. One is to borrow money, the other is to borrow ***, the former is long, and the latter is short.
Let's talk about what this liquidation line, that is, the margin ratio, means. That is, you need to have a guarantee to borrow money, which can be money or things.
Let's say an investor wants to make a financial transaction, and he wants to borrow money to buy ** with a total value of $10,000. According to the 130% security line, he needs to provide 130% of the $10,000 collateral or funds, i.e. $13,000.
If the value of the investor's collateral or funds is less than $13,000, he may need to add collateral or funds to meet the requirements of the collateral line.
If there is no additional call, the position will be liquidated.
Now it is a sharp fall, which may cause people who do financial business to be discouraged and forced to close their positions. If this ratio is too large, it is easy to bring a wave of smashing.
Therefore, the China Securities Regulatory Commission calls on brokerages to maintain the flexibility of the liquidation line, which roughly means that they judge the risk by themselves, and even if investors touch the liquidation line, they do not necessarily have to force liquidation. It is necessary to maintain market stability.
By the afternoon of this year, three measures were also proposed to further strengthen supervision and supervision of securities lending business:
It can be seen that ZJ will finally be industrious and really realize the seriousness of the matter. Nearly 200 million shareholders and 700 million people, equivalent to half of the people in China have directly and indirectly invested**.
Can these bailouts be balled?
Ultimately, this is left to the market.
First, it depends on whether faith can be restored.
Now the market is not out of money, and everyone is afraid to invest. I'd rather put my money in the bank than take it out and invest it. Our tuba manuscript yesterday was the first to be commented on, representing the voice of most people.
On the whole, this confidence will not be brought back overnight.
Second, economic development.
To put it bluntly, ** is the barometer of the economy, and no matter what the data is, ** is the most direct reaction. Now the economy is difficult, the industry is structurally differentiated, some traditional industries are getting lower and lower profit margins, and some high-end industries have not yet been supported.
Choosing this time to make a move, from another point of view, is also to hope that everyone can have a good year.
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