208: Wang Lin's biggest enemy, foreign capital, has made its move!

The market remained red-hot.

Major television financial media outlets continuously bombarded the public with news.

All of this made the current market extremely fervent.

At this point in time, almost every Stock Investor in the A-share market was already at full position.

Of course, their strategy wasn't to hold indefinitely and wait for a surge.

For a very long time before this, the A-share market had deeply hurt them.

Hoping the A-share market would turn bullish, or that a grand bull market would emerge?

That was simply impossible; at most, it was just a relatively strong rebound, nothing more.

So, with this preconceived notion, as soon as their stocks saw a significant rise, they would quickly sell them at a high price.

Then they would look for other low-lying sector stocks to buy, waiting for them to surge.

This kind of operation was understandable in a bear market; it could save one's life.

But they didn't know that it was currently a bull market, an unprecedented, super leverage bull market!

The word 'leverage' is mysterious yet greedy; it allows people to acquire additional wealth beyond their own.

Therefore, this bull market was also unprecedented!

Inside a certain wet market.

A middle-aged man who used to be very stingy had recently started to unconsciously become more generous when buying groceries.

"Boss, still some pig's head meat, 10 yuan worth! And a few chicken feet, 5 will do!"

The boss looked up at him, smiling as he agreed.

As the saying goes, 'no merchant is without cunning,' so the boss, as usual, weighed out 16 yuan worth of pig's head meat for him, plus 8 chicken feet.

The boss looked at the scale, frowned, and said, "Oh, I weighed a bit too much meat. How about we just leave it like this?"

The middle-aged man glanced at it, about to speak, but then nodded, "Alright, just like that!"

This time, the boss was actually a bit surprised. Was this guy so agreeable today?

He continued, "I didn't estimate the chicken feet well; I grabbed 3 extra. What do you think?"

The middle-aged man waved his hand and said, "That's fine too. Calculate the total."

"40 in total!"

The middle-aged man paid readily.

This made the boss even more puzzled.

What was going on today?

Had this old fellow made money?

In the past, he would have argued with him for a long time.

Indeed, he had actually made money, just as the butcher said!

It seems middle-aged men share a common hobby: stock trading.

Someone once said that they aren't simply looking to make money; more often, they are seeking a breakthrough from career bottlenecks and liberation from real-life pressures.

Stock trading is the 'opium' of modern escapism.

Imagine, outside of work, looking at K-lines, chatting with fellow Stock Investors about intraday charts, discussing recent good news, which pharmaceutical company successfully developed a new drug, which company had a technological breakthrough, where tensions are rising, and what impact it will have on the A-share market.

These things make people forget the trivialities of life.

The middle-aged man who just bought meat was a typical example of someone who forgets the difficulties of reality, placing all his hopes in the stock market.

All the unhappiness in his life had now found joy in the stock market.

Especially when he could make money through the stock market, this joy was doubled.

"40 yuan for 40 yuan worth of meat, anyway, I made money today, so I'm going to spend it!" The middle-aged man comforted himself.

However, he then frowned slightly, thinking to himself, "After the previous consecutive rises, the overall market index has started to consolidate and pull back these past two days. I wonder when it will end."

"Everyone says there will be a big bull market this year, but will there really be?"

"A few brothers in the group said they're empty-handed, preparing to buy again when the overall market index stabilizes, but I think the overall market index will only pull back in place and won't crash further!"

"I hope I'm right. Anyway, I've already earned over 30 points this month. Even if it pulls back, how many points can it pull back? Just go for it!"

This was his boldness after realizing floating profits.

It was also after making money that his risk preference became higher... Currently, the only channels for foreign capital to enter the A-share market are QFII and RQFII, which are Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors.

JPMorgan Chase happens to meet the conditions for both.

At the command of Morgan Family's direct line big shot, Morgan Ored,

The Morgan Family, carrying nearly 10 billion US dollars in funds, began to enter the A-share market through the QFII channel.

OReid watched his subordinates begin to act. The first step they faced was actually the issue of capital entry.

The QFII quota was simply not enough for them to use.

Even though it had fallen from the hundreds of billions of US dollars OReid had boasted about at the time to the current actual 7 billion US dollars in funds.

This sum was also most of the funds he could currently mobilize.

And on the QFII side, the maximum allowed quota was only 4 billion US dollars.

This meant that even if all the foreign capital funds were processed through JPMorgan Chase, that was all the money they could use.

This is why these foreign capital entities were so excited about the impending opening of the Shanghai-Hong Kong Stock Connect.

Because it meant they could use more capital to buy into the A-share market's quality assets at the bottom.

Fortunately, by combining QFII and RQFII and utilizing various conditions, they finally managed to send these funds into the mainland.

Upon learning of this, Morgan Ored disdainfully said, "They even restrict the funds entering the market; how much do they fear us?! Everyone says this is the ancient mysterious East, but in my opinion, it's just so-so!"

A subordinate beside him flattered, "Yes, Mr. OReid, you are currently the most authoritative heir of the Morgan Family. Coming to their A-share market to trade stocks is giving them face; they should feel honored!"

"After all, even our JPMorgan Chase has come, and I'm sure more capital will follow us in the future."

"I think they will probably be very happy!"

Morgan Ored listened to these flattering words, a smile flashing across his lips.

However, in his heart, he did not relax his vigilance against the A-share market.

Even though their side was the beacon of global finance, and their Wall Street was the king among them.

But from a young age, he had heard his family elders speak of this mysterious East, and had also heard some sayings from the mysterious East.

For example, never underestimate the enemy; despise the enemy strategically, but take them seriously tactically.

OReid took this foreign financial journey very seriously.

"I hope I can meet someone in this A-share market who excites me!" Morgan Ored saw the notification on his phone that all funds would officially complete entry tomorrow.

At the same time, the exchange rate was automatically converted to 56 billion Chinese Yuan.

"Then, let me have a big fight!"

...