Chapter 344: bargain hunting
"Congratulations."

"Thank you for being the maid of honor."

"I'm talking about the stock market. Congratulations on your accurate escape from the top. Your operation was perfect."

After the wedding ceremony, the guests of high status dispersed to the individual villas on the island to rest and socialize privately, while those who came to the hotel's indoor banquet hall for a buffet and cocktail reception were all young people.

Yu Tong also went back to the room to rest and feed her daughter. Xie Jingxing had to deal with the situation alone. Fortunately, the best man was very helpful. Yan Wenhua picked up the wine glass and drew his sword, making it difficult for ordinary three or five people to get close to him.

Liu Qing dragged another huge man, Cheng Wei, around to recognize people, helping with guerrilla warfare in disguise to help share the pressure. The close relatives of the Yu and Xie families laughed and played with each other, and the atmosphere was harmonious.

Xie Jingxing was able to hide in the corner and laze around. He hadn't relaxed for a few minutes when his bridesmaid Shanshan came close to him and started talking about the stock market. The phrase "precisely escaping the top" summarized the investment strategy of Grapefruit Capital over the past year. He didn't know how to respond appropriately.

"Do you think the market will collapse next?" Yu Nian continued the topic.

In fact, professional investment institutions are not as incompetent as the public imagines. At the end of last month, the Hang Seng system was banned from off-market financing, and there were risk expectations for the interest rate cut at the beginning of last month.

On the one hand, the monetary policy was relaxed again, but the interest rate adjustment was lower than expected, and the economic growth situation slowed down; on the other hand, regulatory intervention squeezed the stock market bubble and prevented financial overheating, and some smart institutions had a considerable degree of risk aversion operations.

There are even private equity funds that have reduced their A-share holdings and fled to Hong Kong stocks for shelter. As a result, Hong Kong stocks may not be a good place to take a safe haven now that everything is mixed up.

An outsider like Cheng Wei thought that the bull market would continue after seeing the two-day rebound in the stock market. However, in Yu Nian's eyes, the technical rebound in the market most likely indicates that institutional investors have truly lost confidence and are trying to lure more investors to completely liquidate their positions and run away.

“Collapse is inevitable.”

Xie Jingxing gave an affirmative answer, and after a brief pause, he added: "If the collapse you are referring to is a financial systemic risk."

"Systemic risk?" Yu Nian raised his eyebrows.

Xie Jingxing said after careful consideration: "We must first figure out the reason for the collapse of this bull market."

"..."

Yu Nian was speechless for a moment. There were too many influencing factors, including financial overheating, economic cooling, and technical financial risks caused by high leverage ratios. Any one of them could be the cause of this round of stock market crash.

Or maybe it's one of these reasons.

"Let's talk outside."

Yu Nian pushed open the sliding door and walked to the outdoor balcony, isolating herself from the hustle and bustle of the room. She held the wine glass in one hand and stroked her shirt with the other hand, then pulled out a box of ladies' cigarettes from her arms. She opened the cigarette box with one hand, lowered her head and picked up a cigarette with her plump red lips, and her fingers deftly pushed aside the lighter cap that was stacked on the cigarette box.

He slid his fingertips to ignite the spark, took a deep breath and blew out a smoke ring with satisfaction. The whole set of movements was smooth and flowing, just like an old smoker. Then he struggled to put the cigarette box and lighter back into the pocket of his shirt.

The Xiuhe dress embroidered by the inheritor of the intangible cultural heritage of Suzhou embroidery is a toast dress. Yu Tong's dress is bright red, while hers is lighter in color. It looks good but is not practical as it has no pockets to hold things.

"There is no problem with the domestic economic fundamentals, the currency is performing normally, and the risk of a stock market crash has not yet spilled over to the insurance and banking industries."

Yu Nian pondered the statement, ruling out the possibility of economic crisis and financial crisis one by one, but she still had doubts and could not be sure.

Xie Jingxing guided his agreement: "Then the root cause lies in the stock market itself."

"High leverage?" Yu Nian asked without thinking.

Xie Jingxing nodded: "Speculation, liquidity risk."

“Lack of liquidity due to high leverage.”

Yu Nian understood immediately. Retail investors, institutional investors, and major shareholders have been frantically increasing their leverage over the past six months. The regulatory authorities took away the leverage tools all of a sudden. Now the entire market is like a few people climbing up a tree to pick fruit but their ladder was taken away.

Everyone held on to the tree trunk tightly and managed to hold on to it, but everyone knew that without support under their feet, they would be exhausted and fall down sooner or later.

In this case, it is better to take the initiative to jump down while you still have some strength to adjust to a good landing posture, and try to keep the picked fruits from being broken.

Coincidentally, everyone is smart and thinks the same way, so the game is formed instantly.

If someone jumps down with me and bumps into each other, I will definitely not be able to maintain a good landing posture and fall badly. So in order to ensure the fruit, I have to jump earlier than others.

As a result, a stampede occurred and everyone rushed to jump down desperately, without considering the softness of the soil. The continuous high-intensity inertial impact would not only cause the fruits on the trees to fall, but would also knock down the trees and create large holes in the ground.

Currently, thousands of stocks in the two markets are at historical highs. Once the market starts to panic and collectively liquidate positions and run away, liquidity will be locked instantly.

The stock price will fall from a great height in a free fall. Ten thousand sell orders will be enough to block the limit down of a stock worth tens of billions of yuan. The scene of no funds entering the market to take over the shares is almost imminent.

Then came the major shareholders who pledged their equity for loans, and then the spillover to the banking and insurance industries. The chain reaction caused a financial systemic crisis of lack of liquidity, and then an economic crisis...

By then, the situation of 2008 will be repeated or even worse. Small and micro enterprises will collapse in droves, and tens of millions of migrant workers will return home empty-handed. The top financial institutions will collapse one after another, clearing out middle-class families. The government finances will be in jeopardy, and the pension insurance of countless working-class people will be in jeopardy. Social infrastructure will become a bubble. "How much did you make this time?"

Yu Nian extinguished half of his cigarette, coughed, and without waiting for a response, he immediately explained: "I mean, if, I mean, if the follow-up situation is urgent, can I call you?"

"at any time."

Yu Nian took a deep breath to suppress the feeling of being blocked in her throat, and looked down at the light red dress with gorgeous embroidery on her body. After more than ten seconds, she raised her head again and said, "Thank you very much. I have to go back home immediately."

"There is a special plane going back at 3 pm." Xie Jingxing reminded.

"Okay, I'll go back to my room and pack my things. I'll see you when I get back."

"keep in touch."

"Congratulations, and happy wedding."

Yu Nian left in a hurry, her wine glass placed on the balcony railing. The light golden wine in the glass reflected the sunlight and constantly burst into beautiful bubbles, swirling up and down in just a moment.

Xie Jing Xing stared at the cup in a daze for a long time. It was natural to prepare for the worst in times of crisis, but often when everyone was preparing for the worst, panic would spread everywhere and bring disaster.

Like the evil sword fairy in fairy tales, the more hatred and fear it has, the more powerful it becomes.

I hope it’s just Yu Nian who blindly follows all his judgments, and not the entire market.

"Have you seen my mother?"

Xie Jingxing picked up the wine glass she left behind and returned to the banquet hall.

"I was a bit busy and didn't notice... Uh, it seems that he went to see the children with Mr. Xie, otherwise you can give Mr. Guan a call?"

Guan Linhui saw that the young boss frowned slightly, and quickly changed his words.

His aunt lives too carefree. When they met this time, she looked like a carefree immortal, which made it even more difficult to figure out what she is doing now. He really didn't want to get involved in household chores.

"No one in the domestic financial market is like my granddaughter. She cries and makes a fuss whenever she wants. The Wogu Agricultural Machinery that was spun off and listed by Yunshan Group is about to reach the forced liquidation line of equity pledge, right? She fantasizes about using second-rate financial capital operation methods to operate in the ninth-rate financial market. This behavior itself is irrational."

In the living room of the holiday villa, old mother Guan Ning was holding her granddaughter and whispering with a smile, which sounded extremely irritating when listened carefully.

Old Xie had the aura of swallowing the insult and looking as calm as a stone Buddha. Aunt Jie Qing was sitting next to him on the sofa, two bodies away from him, with a smile on her face. Yu Tong pouted as he looked at his daughter who was lying in the arms of her real mother-in-law and smiling intimately.

"I have the funds ready and can be used at any time." Xie Jingxing walked into the living room slowly, attracting the attention of the whole family.

Old Xie nodded slightly: "No hurry, let's wait and see."

"Just suspend trading. Trying to save the stock price is just filling a hole. It's better to use the cash flow to help my granddaughter buy some high-quality assets at a bargain price." Guan Ning's thinking is sharp and his methods are iron-fisted.

Xie Jingxing's eyelids twitched: "Not really, I have prepared funds for your granddaughter to buy at the bottom."

He took out his cell phone, opened the memo, typed out a long list, and held the phone screen in front of his daughter.

"Come on, granddaughter, let's play a game and see how your father tastes in choosing gifts for you." Guan Ning held his granddaughter's hand and poked at the screen randomly.

Yu Tong leaned forward to recognize what was written on the phone screen. Aunt Jie Qing could see it even more clearly from where she was sitting and kept signaling her with her eyes.

Gree Electric Appliances, Yunnan Baiyao, Jingyue Hi-Tech, Xie Yun hummed and mentioned several names of listed companies in one breath, all of which are the stocks with the highest growth rates in the A-share market in the next ten years.

"My daughter, you chose this yourself. Let me buy it for you separately and keep it until you come of age."

Xie Jingxing scratched his daughter's nose and tilted his head to look at Yu Tong. She suppressed her shame and cleared her throat and said, "Daughter, say thank you to Daddy, and thank Grandpa and Grandma. Grandpa and Grandma also bought you a lot of wine, and saved it for you when you grow up quickly."

"Wine consumption stocks are okay, but you can't put all your eggs in one basket. Granddaughter, let daddy pick a few U.S. stocks for you and grandma will buy them for you."

Guan Ning glanced at Old Xie, who was smiling naively, and said to her granddaughter, "Grandma will buy you some every year in the future. When our little baby grows up, she will be able to spend money independently."

"The U.S. stock market is good, Tongtong and I will sponsor 100!" Xie Jingxing turned into a flatterer.

Yu Tong said obediently: "Thank you, Mom."

"Okay, it's more important for you two to live a good life. Go to Europe and have a safe trip. Parents don't have to be as comfortable as before with their children." Guan Ning hugged his granddaughter reluctantly.

(End of this chapter)