According to reports, this story begins at an entirely unscientific moment: Zhou Ziye, a designer who rose from creating counterfeit mobile phones, suddenly time-traveled back to the year 1984.
...This also illustrates that money and bloodshed are linked.
Don't think that money is clean; that's the mindset of ordinary people. In large-scale financial operations, money is often tainted with corruption.
The disappearance of Haina did not affect the decline in the stock prices of several listed companies under the Huahong Group.
At another location where Xing Baohua was located, he told the traders to clear all previous orders and start taking long positions in his three listed companies in batches.
Don't underestimate these two hundred unregistered individuals. They each control nearly four billion US dollars. They took out two billion to go long, bringing their total funds to over three hundred billion Hong Kong dollars.
How can I ensure that I complete multiple orders?
If the major accounts can't grab many shares in the market, Xing Baohua has no choice but to sell his own shares, using the queuing mechanism to play a game of left and right hand fighting.
He sold his own shares to drive up the stock price.
First, release 10,000 lots of stock, which you, as an unregistered investor, quickly buy up. Then, raise the price, and the unregistered investor buys up again. Anyway, no one else can get their hands on them, the money goes back into your pocket, and you still have the stock in your hands.
By using this kind of internal competition, the stock price was gradually driven up.
The main account has run out of funds, but has a large amount of shares available for buyback. What to do?
As per Xing Baohua's request, the unregistered individuals were put back into the market, and he began collecting them.
In this way, the main account buys back the shares at a low price, then raises the price by more than ten percent, and then releases them back out.
The money they got back was then used to buy more shares. This back-and-forth action effectively pulled the price back up. The international speculative investors could clearly see something was amiss, but something just didn't feel right.
This illustrates that in the stock market scramble, those who couldn't compete with others could only watch as Xing Baohua's Hainan Company and two hundred unregistered individuals bought and sold shares. Strangely, the two hundred unregistered individuals were actually able to secure the shares.
The exchange conducted a covert investigation, but no matter how hard they tried, they couldn't find any evidence of cheating.
The stock price never fell below the opening price, which made many investors who were on the sidelines see the support level as very solid.
They managed to force the massive sell orders from international speculative capital into an awkward position, right around the price range where they placed their orders.
Even if you close the position now, you'll only lose a small amount, like transaction fees.
At this critical juncture, ATA announced an investment of HK$5 billion to establish a branch office in Hong Kong.
Under normal circumstances, Huahong Telecom's stock price would have plummeted.
Strangely, Huahong Telecom's stock price didn't fall; instead, it rose.
I can't understand it. Even seasoned investment experts who have been investing for years are confused. The news is no longer useful.
When something suspicious happens, the exchange naturally has to investigate. The investigation revealed transactions by both major accounts and unregistered individuals.
The focus is still on investigating how unregistered individuals bought the stocks.
To change the trading process, all you can do is use a computer virus. There are only a handful of top experts in all of Hong Kong, and many of them are in Xing Baohua's hands. The only option is to bring in a team of three to five top experts from Da Mei.
After investigating for a week, I still couldn't find the cause; all I can say is that the system is normal.
Unless a manual re-examination is required, which is expensive, time-consuming, and may not even detect the problem.
The stock exchange can't just arbitrarily suspend trading in three listed companies under the Huahong Group! They could do that if they had evidence, but they don't!
According to their understanding, any program that can modify the system is basically a virus.
Even if Xing Baohua were charged with stock market manipulation, there would be no suitable reason to do so, unless his manipulation of transactions involving two hundred unregistered individuals is exposed.
The exchanges don't want to expose this unspoken rule; they're all aware of it. Everyone does it this way; if the water's too clear, there's no fish.
We cannot block everyone's path to wealth because of Xing Baohua; cutting off someone's source of income is a major taboo.
Unless there is concrete evidence proving that Xing Baohua manipulated those stock prices, this guy can't be sent to jail.
But Xing Baohua has disappeared, so how can we find him?
If they can find him easily, his guards can buy him some time, giving Xing Baohua time to destroy important evidence.
Plus, he has a huge legal team; he can easily find someone to take the blame and get away scot-free. You'll still have to live in constant fear of retaliation.
Therefore, the exchange turns a blind eye, and no matter how much international speculative capital protests or tries to plead for leniency, they will not stop his trading or cause him any trouble.
This is Hong Kong, so we have to play by Hong Kong's rules.
With an implicit layer of protection, Huahong's three listed companies steadily climbed the corporate ladder.
Those who had been observing began to waver, feeling it was time to buy at the bottom, and joined the ranks of those buying.
It is estimated that the price will continue to rise, and soon the price will reach a level where international speculative funds will stop their losses.
You can't hold on any longer; you can only watch your stop-loss be triggered and accept your bad luck by withdrawing after a loss of 20%-40%.
Those who didn't set stop-loss orders are extremely envious of those who did; some quickly cut their losses and ran, while others tried to struggle.
This is a leveraged short position! If you don't cut your losses, you'll be facing a margin call.
Of course, this is also a high-stakes gamble, betting that the market will reverse if you don't get liquidated, the kind of gamble that you won't give up until the very last point.
Xing Baohua's approach is like slowly cutting flesh with a knife, giving you hope one moment and death the next.
The most satisfying thing is still buying everything in the warehouse, watching the money in your account grow several times over.
This day was agonizing for Huahong's three listed companies, but they managed to pull through. Conversely, the period near the close of trading was agonizing for international speculative investors.
Over 300,000 lots! They set a stop loss 40 points after placing the order, resulting in a margin call after 120 points.
What should have been a certain death for Xing Baohua has turned into a miraculous turn of events.
After the stop-loss was triggered, another large number of retail investors joined in, and the price continued to rise. After a few small positions were triggered, it was discovered that the other party had actually increased the margin, delaying the liquidation price.
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