Guan Jinsheng is the founder of all nations. At the end of February, 1995, Guan Jinsheng operated the market. He thought that the country would not raise interest rates and prices on the 327 national debt, so he kept shorting the national debt. On the day when the 324 national debt expired, the state announced a price increase for the 327 national debt. If Guan Jinsheng and Wanguo, who were short, faced huge losses at the last second of the day's closing, Guan Jinsheng ordered Wanguo Securities to release a large number of empty orders seven minutes before the closing, causing the price to drop to 147.5, causing a large number of shareholders' losses. His actions violated the Securities Exchange Law, when the CSRC announced the cancellation of the closing price of the last seven minutes 156. 5438+0.3 Guan Jinsheng was sentenced to fixed-term imprisonment 17 years on February 3, 1997 for committing corruption and embezzlement.

Futures is a standardized long-distance trading contract. If the contract expires and the price is lower than the hand price, you will lose money.