Female celebrities have "hundreds of millions of dollars lost"? But some people do lose miserably

Author | Cat brother

Source | Big Cat True Detective Agency

Today, actress Jiang Shuying is on the hot search.

As a result, the people who eat melons haven't eaten melons for a day and don't understand, what's wrong?

A picture at the beginning of the game, saying "Jiang Shuying bought snowball products and knocked into the liquidation, and hundreds of millions of dollars were lost", everyone knows these words, but together, no one knows them, but "hundreds of millions of dollars without return" is still very bluffing.

What's going on?

All kinds of revelations followed, saying that Jiang Shuying bought hundreds of millions of snowball products in Shenwan Hongyuan, because the recent market situation was not good, the snowball products were knocked in, and Jiang Shuying's hundreds of millions of dollars were blown up, so he went to Shenwan Hongyuan's headquarters.

But later, a so-called insider said that there are not hundreds of millions, but there are still tens of millions.

So Jiang Shuying was on the hot search, followed by the hot search, and the news of the sharp drop in A-shares.

At the close, the Shanghai Composite Index fell 2.68% to close at 2,756.34 points, the Shenzhen Component Index fell 3.5% to close at 8,479.55 points, and the ChiNext Index fell 2.83% to close at 1,666.88 points.

Shen Wan Hongyuan's staff couldn't bear to be disturbed, and refuted the rumors online in the circle of friends, "Jiang Shuying didn't come".

Earlier than Jiang Shuying's "miserable loss", in the chat records circulating on social media, a "Mr. Tang" was told that because of the decline of the CSI 500 Index, the ending price of the expiring snowball product in which he participated was more than 25% lower than the opening price, resulting in the principal of "Mr. Tang" of 2 million yuan directly lost.

And "Mr. Tang's" calm reply with the word "um" also became popular on the Internet.

However, I am afraid that few people can be so calm as Mr. Tang, so even if it is a picture at the beginning, it is actually Jiang Shuying who is filming, and even the camera can be seen clearly, but everyone is more willing to believe that Jiang Shuying is defending his rights.

Because "Xueqiu" is too popular, Xueqiu, an investment community platform, has to come forward to refute the rumors, and the institution uses the name "Xueqiu" to publish products, which has nothing to do with Xueqiu, and even infringes on the trademark rights of Xueqiu platform.

It's been lively for a long time, what is this snowball?

Xueqiu is actually a general term for a type of financial products, which generally has a linked target, which can be an index or a single stock, with a product term of 12 months to 24 months, and the opening price, knock-in price and knock-out price and observation period will be set in the middle, and the final fight is the annualized coupon.

In the observation day, the underlying price > the opening price, then it is knocked out, and the underlying price

If you knock it out, the product will be terminated early, and you can count the money, and if you knock it in, the product will continue, and if it is still knocked in after expiration, you may incur a loss.

Take the snowball product of "Mr. Tang" as an example:

On January 13, 2022, Mr. Tang purchased a snowball product, linked to the CSI 500, and the opening price was set at the closing price of the CSI 500 at 7097.76 on the same day, while the knock-out price was the opening price * 100%, and the knock-in price was the initial price * 75%.

In other words, if Mr. Tang wants to make gains, the CSI 500 Index is at least not lower than 5323.32.

However, in the past two years, although the CSI 500 has fluctuated, it is in a falling range, 24 months, that is, it expires on January 15, and the CSI 500 index closed at 5193.3 on the same day, a decline of 26.8%, and the maturity knock-in.

Moreover, Mr. Tang also added leverage, 25% of the margin, that is, 4 times the leverage, that is to say, Mr. Tang's 8 million products, the loss has exceeded the principal, so Mr. Tang's 2 million is directly zero.

Of course, if Mr. Tang hadn't increased leverage, the principal would have been able to come back and get back more than 1.4 million.

Originally, this product is suitable for situations where the market is not volatile.

It is supposed to earn long-term returns, once the bull market, the product is knocked out in advance, and the income can be earned very little, and once the bear market, the product is knocked in for a long time, and the corresponding loss with the underlying asset will still be generated after expiration.

If this kind of product is advertised as a "fixed income", you really need to be careful.

The stock market has plummeted, and there are many conspiracy theories related to it.

For example, some bloggers said that which brokerage's snowball products sell more, who has the motivation to smash the market, and even said that this year will face a wave of redemption peaks, with a total scale of 250 billion, and smashing allows brokerages to save at least 50 billion.

However, it is somewhat of a conspiracy theory.

Why? The parties concerned responded a few days ago.

1. The China Securities Regulatory Commission has done an investigation and has not found large short orders on stock index futures;

2. The China Securities quotation also said that the recent knock-in scale accounts for only 7%, and the points and dates are relatively scattered;

3. Brokers also feel that they are very wronged, and they make profits by buying low and selling high, not by investor losses, and their relationship with investors is "one prosperity and one loss".

However, for ordinary investors, the "snowball" is really not something that ordinary people can play, especially in a volatile market, it is still far from it.

After all, someone is already buried inside.