Whether Shen Yi participates should be a state secret, but the bailout on the 9th obviously coincides with Shen Yi's suggestion.
Frankly speaking, the rescue organized on the 9th was very thorough and should be able to write a significant chapter in the history of Chinese securities.
CITIC Futures quietly made plans on the 8th when the Shanghai and Shenzhen 300 Index futures fell to the limit, adding more than 30,000 long positions.
The market opened on the morning of the 9th and pointed to the futures index first. The opening prices of all bank stocks were the closing prices of the previous day. Large orders were blocked at one price (this is definitely a state behavior, otherwise it would not be possible to be so consistent), ensuring that A shares
The index is stable, and small investors are letting it go and opening low.
The stock index rose after the opening, and the national team's main funds were withdrawn from blue-chip stocks such as banks and transferred to small-cap index stocks. The small-cap stocks immediately gained momentum and market sentiment quickly gathered momentum.
After the GEM stabilized, it returned to the blue chips, driving the A-share main board to rise. After the market liquidity problem was alleviated, the futures index retreated. After the market, CITIC Futures reduced its long orders by more than 30,000 lots. The whole battle was so classic. I can really say
Remarkable.
There is a small detail before this. CICC Futures has opened a futures trading account that was closed the day before, allowing trading (restricting speculative trading, so that there is no counterparty for hedging orders, and hedging cannot be realized. You can only sell spot goods. Instead,
Adding pressure to the spot market), completely adopting market-oriented means (rather than administrative means), which saved the stock market.
The organizer is indeed an expert. If I make a bold guess, he must have experienced foreign financial crisis management, otherwise he would not have been able to think so carefully.