The wind and cloud suddenly changed. The bulls were suddenly exposed, and the innocent victim was as painful as eating a sap. Want to cry without tears. Last eight minutes of evil!
It is estimated that at least 20 brokers have closed down after this incident, and the total loss funds of brokers are nearly 654.38 billion yuan; Many super-large households with tens of millions of funds have lost their money.
The next day, the Shanghai Stock Exchange announced that a member company deliberately violated the rules and affected the settlement price of the day, and all transactions of the "327" variety were invalid after the afternoon of the 23rd 16: 22; This part of the transaction is not included in the settlement price, volume and position range on the calculation date, and it is confirmed that the closing price on the 23rd is 15 1.30 yuan.
After investigation, it was found that the initiator was Wan Guo Securities Company, which made a pioneering contribution to China's securities market and gained a very bad reputation in Shanghai.
Under the great pressure of abnormal market fluctuation and price increase, the principal of the company obviously violated the trading rules, and made a lot of wrong decisions to short orders and suppress prices in order to reverse the company's huge losses.
On the morning of February 23rd, another responsible person and the principal of Liaoning Guofa (Group) Co., Ltd., an accessory, concentrated the short positions (selling contracts) of several related households in the name of a company in Hainan, and carried out a large number of illegal short positions through Wuxi Guotai Futures Trading Brokerage Company in an attempt to lower the price. When the suppression fails, take the lead in turning over multiple positions and create market illusion.