296: The village chief was in a terrible predicament, but Wang Lin released another piece of good news!

Until the market closed.

Not a single fresh force entered the A-share market to save it.

The shanghai composite index plummeted over 8% in a single day, instantly piercing through the critical 3200-point mark, and even losing the yearly line.

As for the others, like the shenzhen component index, growth enterprise market, and the CSI 300, it was the same for all of them.

Led by the Shanghai index, everyone today was perfectly aligned, all heading for the river; not a single person survived.

Once upon a time, the Institutions were the calmest.

But now, with such a bombshell dropped by the authorities, they could not hold on either.

A full 70% of Pension Fund capital was to be withdrawn from the stock market; wasn't this killing those Institutions that were heavily invested in blue-chip and white-horse stocks?!

So, in reality, these Institutions were the ones running away the most severely today.

Inside E Fund Management, a leading A-share market institution, a phrase even circulated: "With such large-scale withdrawal of Pension Fund capital in the short term, it is simply impossible for anyone to protect the market!"

As for the Retail Investors, they had already laid flat today.

Whether it was the Retail Investors who liked to chase hot topics, those who followed Institutions into blue-chip stocks, or those who liked to study their own unique technical methods.

With the overall market index crashing over 8% today, everyone was wiped out!

Out of 2300 actively traded stocks, more than 2200 were lying at the limit down.

Who could dare say they were lucky enough to buy the remaining stocks today?

Of course, those stocks were actually falling too, just not at the limit down.

The stocks that managed to be in the red today only did so for various reasons, showing only slight, minor gains.

Even the funds controlled by Brother Lin could not escape the fate of being bloodbathed today.

Today, the overall market index saw hundreds of billions in capital evaporate!

"It hurts too much. The overall market index had just stabilized, and now another bombshell comes out. Damn, does the Chief even know how to trade stocks?!"

"I lost 10% on a full position today. I was lying at the limit down right at the opening. It's disgusting."

"10% is nothing. I cut my losses at the limit down today, then chased another stock down 2%, and it hit the limit down again. I'm fully invested and lost 18% today. I feel like I'm done for!"

"I really didn't expect that I could hit a limit down even by buying an overall market index ETF. This is something I'm fully invested and leveraged on. I really didn't expect this thing could hit the limit down!!"

"This is the stock market; anything can happen!!"

Today.

On Stock Picking Bar and Xueqiu, those Hot Money traders who liked to share had no spirit left.

There was simply no way to play; staying in cash was the most profitable move today.

Those big influencers were also silent about this.

Anyone in the stock market today could not escape.

That night.

The crash of the A-share market naturally spread to the US Stock Market.

Not to mention other stocks, but NVIDIA and Netflix, which had seen excessive gains earlier, also plummeted quite a bit today.

But regarding this, Wang Lin had no thoughts at all.

Today was just a trend-following Shakeout, and at the same time, the main force Institutions also needed to get on board.

It just depends on which Retail Investors could not hold their chips and got shaken off the bus.

Wang Lin's billions in capital chips were meant to be held long-term as a shareholder.

...

On the plane back to the country.

Wang Lin received a call from the overwhelmed Chief.

The overall market index crashing to nearly the limit down in one day made him feel quite a bit of pressure.

After answering the phone, the Chief complained bitterly to Wang Lin: "Wang Lin, you kid ran off to the US to have a good time, not bothering to look at the A-share market here. Brother, I really can't hold on anymore."

Beside him, Leng Nuannuan and Li Yuanyuan both covered their mouths, not daring to laugh out loud.

It was the first time they realized that the high-and-mighty regulator also had such a side.

Wang Lin was also staring at the data on the tablet in front of him; he had seen today's stock market crash.

To be honest, it was even more vicious than he had anticipated.

Wang Lin thought to himself: "I'm afraid this is the consequence of me forcibly protecting the market earlier. This A-share market was supposed to have such a drop; perhaps this decline is actually just squeezing out the water."

Without panic, how could he make the Stock Investors above cut their losses?!

After pondering for a moment, Wang Lin said: "Chief, you should have anticipated this result before releasing this announcement. This was bound to happen, and the higher-ups won't blame you."

"And you should also be clear that the bubble in the current A-share market hasn't been completely punctured. On the contrary, this market-wide limit down has reshuffled the chips."

"Perhaps it will lead to better results for the future operation of the stock market!!"

Hearing Wang Lin's comfort.

The Chief could only smile bitterly: "Then I'll take your word for it."

"When will you land?"

"Let's quickly discuss the matter of your company going public. This time, we must handle it as a special case!!"

Wang Lin looked out the window and said: "It should be a few hours; I'll definitely make it by tomorrow."

With the stature of a big shot like Wang Lin today, his plane was naturally a top-tier private jet.

After dozing off for a while, he arrived in Shanghai.

The Chief had been waiting for a long time.

Upon seeing Wang Lin arrive, he did not care about the Chief's reserve anymore, especially since the other party was Brother Lin, chinas richest man; it was uncertain who was more powerful between them.

"Brother Lin, you've finally arrived. The stock market opened today and plummeted again. Many stocks opened at the limit down, and the market is in extreme panic!"

Wang Lin thought for a moment.

He decided to release some news first.

On Social Media Platform.

After logging into Social Media Platform, Wang Lin posted a message: "Junlin Finance will be going public in the near future!"

This statement completely ignited the A-share market.

Many Stock Investors had already been very helpless over the past two days.

Those with worse luck were basically hitting two consecutive limit downs.

Those with better luck might have been able to cut their losses today.

Many people were so angry today that they didn't even want to look at the stock market, but while scrolling through Social Media Platform, suddenly, someone they followed closely posted a message.

Upon seeing this, it exploded!!

"Holy crap, holy crap, am I seeing things?"

"Junlin Finance is going public?"

"That's too awesome. Can a super giant like Junlin Finance even go public? This has to be bought to the moon!!"

"Do it, do it, do it! This must be maxed out. In the future, I'll have Brother Lin working for me!!"

"Wouldn't it have a market value of 500 billion on the day of listing?"

"Too low, brother, your perspective is too low!!"

"This is earth-shattering good news! The listing of Junlin Finance will definitely drive the overall market index up!!"

"That's impossible. Newly listed stocks aren't included in major indices yet, so how can they affect the overall market index?"

"Is there a possibility that the Chief will give special approval for Junlin Finance to be included in all major indices on the day of listing?"

And in the next moment.

Funds had already started bottom-fishing in the big finance sector, and the highest gainer was the internet finance sector!!

Stocks like East Finance, Flush, Da Zhi Hui, Hundsun Technologies, Winning Health, and so on, instantly pulled off a Limit Down to Limit Up Reversal!!