278: A joint statement from speculative investors—that's Junlin's influence!

These three-plus points were caused by the National Team's frantic manipulation.

It was a manifestation of the Village Chief's willpower.

Under this willpower, many large capital holders understood that they had to save face for the Village Chief today.

This also caused a slight tilt in the direction of today's bulls vs. bears clash.

Just look at the Retail Investors' celebration today; this reversal was too shocking.

"Awesome, awesome! I knew there would be a rebound today!!"

"This is truly the first time I've seen such a violent major rebound."

"I didn't expect liquor stocks to lead the rally again. It seems that large consumer stocks are still the most stable existence at a time like this!!"

"The stocks that rallied today basically shared a common characteristic: stocks related to high bonus share concepts for central insurance companies, large consumer stocks, and central enterprise merger concept stocks!!"

"I've figured out that even if the broader market violently rebounds, it's not a universal rise; rather, it's the stocks I don't hold that are rising!"

"Haha, finally it's my turn to rise! I went all-in, fully leveraged on China CRRC, and it finally hit a Limit Up!!"

"China CRRC? Didn't that stock make Old Brother Zhao famous? I remember it hit limit down the day after the successful restructuring!!"

"Exactly! It trapped an unknown amount of capital."

"Fortunately, the sentiment this afternoon was good, which allowed me to recover some losses!"

However.

What was ironic was that Chengtou Holdings was still at limit down today.

Although it was pulled up by capital midway, it still closed at limit down.

And those who recovered losses today didn't know why the stock market rebounded.

They only thought the rebound today was because it had fallen too much.

But little did they know that someone paid a very painful price today just so they could get a chance to rebound and exit the market.

Yet some people thought this was the result they had been waiting for, making them want to continue stock trading even more!

Inside Xiao Hou's company.

The aftermath work was continuing.

After understanding the full story, the authorities sealed his stock account.

Subsequent handling of the matter still needed to be discussed with his family.

As for Xiao Hou's girlfriend, she immediately fainted upon hearing the news.

She couldn't accept that the man who was about to become her husband had suddenly jumped to his death.

Those who knew about the incident couldn't help but sigh with emotion.

A colleague sighed, "I hope Xiao Hou finds peace on his journey. Stock trading is truly too difficult, and the test of human nature is too great. He was actually a decent person, but he seemed too eager for quick success, which allowed greed to blind him!!"

Another colleague gave a bitter smile, "I actually trade stocks too, but I only dare to use spare money—just tens of thousands of yuan. I've also lost quite a bit recently."

"The stock market hit rock bottom this morning, but then suddenly surged in the afternoon, with all lines Turned Red."

"I don't know if the authorities noticed because of Xiao Hou's incident or what, but I also Sold Off all my stocks today."

"After I withdraw the money tomorrow, I'm going to cancel my account. This stock market really isn't for normal people!!"

Another colleague nearby was stunned for a moment, then instantly realized, "No wonder! I thought your mental state hadn't been great lately. So you were trading stocks too!"

...The Village Chief couldn't wait any longer.

According to the news he received, massive amounts of capital were being Liquidated daily on Margin Trading Platforms.

There were countless liquidations this morning, along with the incident of Xiao Hou jumping off a building.

The direct cause of these incidents was the stock market crash, although many people knew this wasn't the fundamental reason.

But the negative impact on society was too great, causing the Higher-ups to doubt the Village Chief's control capability.

Hence.

The Village Chief immediately said, "Besides continuing to stabilize the market tomorrow, get the Hot Money, the Private Equity Funds, and the Institutions to jointly issue a statement. We must stabilize the market!"

Xiao Hou's suicide made the Village Chief realize that the market had to be controlled steadily.

It could fall to around 3,200 points, but it must be stable and slow.

The next day.

The broader market began to rise steadily under the National Team's rally.

However, massive amounts of capital were still trying to Dump Stock.

Inside Zexi Private Equity, Xu Xiang watched the steady rise of the broader market today, and the rapidly retreating profits from his short positions in Stock Index Futures, yet his expression remained unchanged.

Meanwhile, his Partner next to him showed a hint of anxiety.

He couldn't help but ask, "Xu Xiang, aren't you going to sell? If we sell now, we still have a good amount of profit."

"I've checked clearly today. The stock market's rise over the past two days is partly because it had indeed fallen significantly, and partly because someone lost so much they committed suicide, creating too much social impact."

"I'm afraid the National Team is frantically Controlling the Market now."

Xu Xiang just shook his head at these words and said, "Don't sell. The current stock market isn't something the National Team can easily Stabilize just by promising a floor. They won't dare to stabilize it on a large scale until it reaches around 3,200 points. Just wait, the market will start falling soon!!"

"Because besides us Shorting, there's also another group of people Shorting."

Sure enough.

Xu Xiang was right.

Around 11 o'clock, nearing the close of trading, as soon as the National Team withdrew their support, a large amount of capital began to Dump Stock.

Regarding this.

The members of the National Team also sighed.

Damn, this is too hard.

There are too many Profitable Positions in this market, and those large capital holders can also Short.

Trying to withstand the massive volume of Profitable Positions now is undoubtedly courting disaster.

The broader market began turning from gains to losses!!

.

At the same time, the head of the Fund Association knocked on the door of Zexi Private Equity again.

Xu Xiang's expression instantly soured upon hearing the news.

He said coldly, "Haunting me relentlessly. Do they want me to Take Over the Losses again?"

The Partner next to him asked, "What should we do?"

Xu Xiang shook his head and said, "Play it by ear, just refuse."

Inside the conference room.

The person in charge, Old Zhou, looked at Xu Xiang with a smile: "General Manager Xu, I'm here about the same matter today. The stock market is crashing severely now. We have proposed that over ten Private Equity Fund Tycoons jointly issue a statement to save the market, and we want you to participate as well."

Xu Xiang still refused: "Director Zhou, I'm truly sorry. I genuinely want to save the market, but I lack the ability despite my willingness. If I were a Public Fund, I would definitely support it wholeheartedly."

"But as you know, I run a Private Equity Fund, and I must be responsible to my clients. If anything unexpected happens during the process of saving the market, I really won't be able to account for it."

His words were airtight, making Old Zhou's face turn ashen.

He asked angrily, "Is that really the case?"

Xu Xiang nodded and said, "Yes, Director Zhou, I really cannot."

Since the conversation had reached this point, if Old Zhou pressed further, he would truly lose face.

Thinking this, Old Zhou gave Xu Xiang a cold look, said nothing, and left in a huff.

2 PM.

A statement to save the market, jointly signed by over ten Private Equity Fund Tycoons and several well-known Hot Money investors, appeared online.

Moreover, through special channels, virtually every Stock Investor could see it.

Among them were Alliance Leader Zhang, Stock Trading for a Living, Old Brother Zhao, and even Brother Junlin!!

Many Stock Investors thought they had misread the list when they saw the names.

The market-saving list actually included Brother Junlin's signature.

Could it be that this market, despite the panic, has actually bottomed out?