Although in the public bond market, the prices of the five types of publicly issued public bonds, A, B, C, D, and E, have shrunk significantly from the face price of the public bonds, the market is still thin.

It seems that in line with the Ministry of Finance's repeated statements on stabilizing the government bond market, on the 17th and 18th, transactions in the government bond market finally showed some improvement, which was slightly better than the previous days when there was no trading volume at all.

There have been a few transactions every day for a few days, but the amount of each transaction is not large, not exceeding 50,000 yuan. It seems that some investors are just making tentative purchases.

However, although the government bond market has basically stabilized, it has not risen due to these small purchases.

But on the morning of the 19th, the situation in the government bond market suddenly changed. As soon as the market opened in the morning, there was a sudden surge of selling orders. Although the quantity was only 150,000, the selling price was a whole dollar lower than the current price. It was just because there was simply nothing below.

There was no take-up, and the selling order was left open for ten minutes, but there was no transaction at all.

It turns out that this kind of thing has become the norm recently, and everyone didn't pay much attention to it at first, thinking that it was just an investor who was eager to wait for capital turnover, so he sold it at a low price.

But what happened next quickly attracted the attention of investors in the exchange.

A few minutes after the order was withdrawn, the selling order was not only listed again, but the price was once again one yuan lower than the last selling price. Although no one took the order, after the selling order appeared again, another

There was a follow-up order of 200,000 yuan sold at the same low price. Due to the emergence of these two selling orders, the price of Class A government bonds in the government bond market dropped by another two yuan. Although there was still no transaction, it was in a priceless state.

However, the price of Class A public bonds, which are the most guaranteed indicator of the public bond market and are given the highest priority by the Kuomintang in special circumstances, has indeed hit a new low.

Since it was not clear whether the situation had changed, investors slowly began to panic as they looked at the sudden selling. Other government bonds in categories B, C, D, and E also began to be sold at low prices.

Single,.

At this moment, another selling order of 300,000 yuan appeared, and it suddenly lowered the price of Class A government bonds in the government bond market by a full two yuan, once again setting a new record for the lowest price of Class A government bonds in the government bond market.

The two selling orders that appeared previously were followed by the 300,000 selling order again after the order was cancelled, and the price also dropped by another two yuan.

This time, some investors finally couldn't sit still, and some people began to try to sell some government bonds in small amounts. Although the sales orders of these people were not large, as the number of selling orders increased, people's panic finally began.

spread.

At this moment, the sell order of 300,000 yuan began to be withdrawn again, and was sold again at a price lower than 300,000 yuan, and this time it was not 300,000 yuan, but a sell order of 500,000 yuan. This time, everyone felt that

Everyone understands one thing. These large selling orders are obviously desperate to cash out as soon as possible and escape from public debt.

Regarding the sudden selling, some people have speculated that there must be some major changes in Xi'an that have led to the deterioration of the situation. Some people have even speculated whether there is a problem with the personal safety of the Chairman.

Soon, more panicked orders appeared, and then there were more and more selling orders. In just over half an hour, there were more than 6 million selling orders.

Just when people were panicking, the Ministry of Finance issued a statement over the phone with a representative of the public bond market, asking investors not to believe the rumors. No matter what happens, the Ministry of Finance will ultimately be responsible for the payment of these public bonds, and the Ministry of Finance will work hard again.

Maintain bond market stability.

However, this completely positive statement from the Ministry of Finance is not only completely ineffective at this moment, but also misunderstood by many people as a major change. This is the Ministry of Finance saying that even if a major change occurs,

, anyone who takes office will also recognize these public debts.

But the problem is, if warlords fight again and the Kuomintang finally loses power, how can those local forces in power pay for the Kuomintang? They will think that the money is not used for them, but for them.

The Central Army purchased the arms to fight them.

And at this moment, rumors suddenly began to circulate in the market that yesterday afternoon, the new former enemy commander of the Northwest Suppression General Jiang Dingwen, who was detained in Xi'an together with the Chairman, suddenly returned to Jinling and brought back a warrant from the Chairman, which read:

The Eastern and Western Crusade armies and the Air Force are required to strictly prohibit attacks on Xi'an from the 17th to the 20th from the moment they receive the order. This fire order will end at 0:00 on the 20th, which is today

, midnight on the 19th.

According to rumors, Jiang Dingwen flew to Luoyang on the 17th and sent a message to the Jinling Military Commission to explain the matter. However, for some unknown reason, there was no ceasefire on the front line that day. The air force only stopped bombing, and there was no news of Jiang Dingwen's return to Jinling.

All newspapers.

In addition, reliable information has revealed that Minister He has invited Wang Zhaoming, a former Kuomintang leader who is currently studying in Germany, to return to China through the Japanese Embassy in Germany.

This news is like a bolt from the blue. It all seems to mean that the Chairman's order has no absolute effect on Minister He, and the telegram inviting Wang Zhaoming to return to China seems to indicate that Minister He is ready to give up on the Chairman.

As for why Wang Shaoming was contacted through the Japanese Embassy in Germany, this is even more worrying for investors. Minister Zhang of the Ministry of Foreign Affairs of the Kuomintang probably does not listen to Minister He very much. In other words, Minister He should only be able to give orders now.

The army has to be mobilized, but there is currently nothing that can be done about other departments of the Kuomintang. In this case, once something happens to the Chairman, the Kuomintang will either split, or Minister He will use force to resolve the differences, which means that civil strife may occur.<

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Since then, a lot of news that is difficult to distinguish between true and false has sprung up like mushrooms after a spring rain. There are even rumors that the tax police headquarters stationed in Yancheng have begun emergency mobilization and are preparing to march into Jinling. These news immediately caused investors in the exchange to panic.

Investors fell into extreme panic, and more selling began to appear.

Although orders continued to appear subsequently, and even at the beginning, the order was very vigorous. The first order was a million buy order, but the one million buy order was too small compared to the tens of millions of sell orders at this time.

Almost immediately, there were another selling orders that completely made up for the reduced number of fleeing orders. Although the buying orders continued, not only did the interval between each transaction continue to lengthen, the amount of a single purchase also began to shrink, and soon the initial purchase price dropped.

Millions, hundreds of thousands, then turned into hundreds of thousands, and finally turned into small orders like 50,000, 30,000, and then faced with the rapid influx of tens of millions of selling orders, those who tried to support the market

This force, after spending more than 8 million yuan in funds, finally died down and completely stopped acting like a mantis trying to control the car.

You can imagine what happened next. A large amount of selling was like a flood from a bursting embankment. The price of government bonds continued to hit new lows. The bond market was finally hit by panicked investors once again.

At this moment, in Qi Lanfeng's office on the third floor of Global Business Group, Qin Chuan, Qi Lanfeng, and Wang Jiali, who were already stunned, were looking at each other in shock, because they didn't know what happened.

Qi Lanfeng asked Qin Chuan in shock, "Chengji, what's going on? Why did the public debt fall just because of our sell-off, and it still fell to the limit? Minister Song wants us to help stabilize the public debt!"<

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Chapter completed!