Just this weekend, the financial market broke out a shocking melon, and one of the culprits of the endless ups and downs of the A** market was found, that is, the great injustice of 600 million people. After reading it, are you confused? Let me help you sort it out.
According to a financial big V, after reading many ** annual reports, it was found that at least 80% of ** participated in short selling through refinancing of the market value of their positions in order to seek high interest income, and this part of the income was not included in the net value of **.
What does that mean? It is the majority of people who use their hard-earned money to buy ** products, and after that, **take the money of the majority of people to buy**, and make money when the people rise, right? However, ** came to a riot operation here, and it shorted ** through refinancing.
What does this amount to? 600 million people who are wronged shorted themselves, and by the way, they killed 200 million shareholders**. According to the big V, the vast majority of the top 10 positions are involved in the lending of refinancing, and the major shareholders may also be involved, making the Air Force's firepower as high as more than 10 trillion.
At present, there may still be a lot of loaned ** waiting to be sold, otherwise where did the tens of billions of ** that are sold every day come from? This also explains why some margin trading** continues to decline for several years. You must know that more than 300 billion yuan has flowed out in January alone, and even the Wang Wang team can't bear it. In BlackRock's words: "You can't buy it all, you can't buy it at all!" ”
This also produced a situation, **After the loss, many people choose to take it, take it, and you can lend it short through refinancing, and the people lose more money, so far, there are many people who have lost dozens of points, right? And ** here, not only earns the management fee of the people, but also earns the interest on the refinancing loan, it is a win-win, it wins twice!
And after this set of operations, only Kimin and the injured world have been reached. Because brokerages can charge high handling fees through refinancing, major shareholders can get high interest through refinancing, institutions can get interest rate differentials, and they can also get high interest through refinancing (this part is not included in the net value, but belongs to itself).
What if you are both a citizen and a shareholder? That's congratulations, you are likely to use the ** you bought to short the ** you bought, and after fighting each other left and right, you will kill yourself and lose money at both ends!
In addition, there is one piece of news that also deserves the attention of investors. On February 2, CICC Financial announced that the company will do technical preparation tests on February 19 and March 1 for the refinancing from T+1 to T+0 on March 18.
Of course, in the end, the official also clarified the rumors, saying that only 80 billion does not constitute a short force. As of the end of 2023, 335** have participated in the refinancing lending business, involving a scale of 7981.3 billion yuan, accounting for these 335**15 trillion on the scale of 53%, far less than 80%, accounting for 67 of A shares0. of the total market capitalization of 78 trillion12%。
Doesn't seem like a big amount? But if you have to break it down carefully, it's not small. You know, this 80 billion is a rolling market value, which can be understood as a revolving loan, ** company repaid 80 billion today, and will be able to borrow another 80 billion tomorrow. According to the extreme situation of a loan cycle of one month and no other rolling, there are 21 22 trading days in a month, and there are nearly 4 billion a day, compared with the scale of 120 billion a day in the rescue funds of the Wang Wang team, do you still think 80 billion is less?
Further, what if it's the other extreme of scrolling? Isn't the air force firepower of more than a trillion a month coming?
What if it goes a step further and clarifies the error? It may not be as high as 80%, but it's not 5 eitherIs 3% so low? After all, pointing to a rat as a duck is still in front of you, and there are many things that have been reversed and reversed in recent years! Perhaps, we should consider other markets around the world.
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