The wedding was livestreamed by the sister, revealing his identity as a Taoist priest.
Chapter 098 The Financial Meat Grinder: Fire Breaks Out in the Backyard of the Capital's Powerf
9:15.
The call auction has ended.
A green number is prominently displayed after the stock code of Shen's Group.
The stock opened at its daily limit down price.
The number of sell orders reached 15 million.
"Bang!"
Wang Jianye opened a bottle of champagne with one hand.
The cork bounced off and hit the ceiling.
He took three wine glasses, filled them one by one, and pushed them in front of Qi Zhen and Lin Peisheng.
"Gentlemen, the outcome is decided."
Wang Jianye picked up his wine glass, leaned back on the sofa, and looked completely at ease.
"The Shen family is finished."
Lin Peisheng picked up his wine glass, took a sip, and stared at the huge order book on the screen.
"All three of the He family's stocks opened at their daily limit down."
Lin Peisheng sneered.
"The bank's liquidation line has been triggered. If He Hong cannot pay the margin before noon, his shares will be forcibly auctioned off."
Qi Zhen held the wine glass in both hands, stared at the screen, and exhaled a long breath.
The pain of giving up 60 percent of core assets was finally relieved at this moment.
"Cheers."
Qi Zhen raised his glass.
9:30.
Officially opened for business.
The data on the big screen began to refresh rapidly.
The stock price of Shen's Group remained firmly stuck at the daily limit down.
The number of sell orders continues to increase.
Panic selling ensued.
Countless retail investors and small institutions began selling off their shares regardless of cost.
"Shen Xingzhou is probably smashing things in his office right now."
Wang Jianye laughed heartily.
"No matter what he smashes, it's useless."
Lin Peisheng glanced at his watch.
"In half an hour, I will have the media release the news that Lu's warehouse has been seized, and add fuel to the fire."
Qi Zhen nodded.
Nine thirty-five.
The air in the home theater was very relaxed.
Wang Jianye even started making phone calls to arrange a victory celebration banquet for the evening.
Suddenly, the cigar in Lin Peisheng's hand stopped in mid-air.
He sat up abruptly, staring intently at the big screen.
"Wait a moment."
Lin Peisheng spoke up.
Wang Jianye hung up the phone and turned to look over.
On the big screen, the 18 million sell orders on the limit-down board of Shen's Group suddenly decreased by 1 million.
Immediately afterwards, another three million hands were lost.
The frequency of the jumps is extremely fast.
"What happened?"
Qi Zhen frowned.
"Is someone a foodie?"
"Are retail investors blindly buying the dip?"
Wang Jianye didn't take it seriously.
"impossible!"
Lin Peisheng stood up and walked to the screen.
"Retail investors can't handle such a large order; this is institutional buying!"
The voice just fell.
The numbers on the screen jumped suddenly.
The remaining 14 million sell orders at the limit down price were instantly wiped out.
A massive buy order of 50 million shares appeared out of nowhere, forcibly pulling the stock price up from the daily limit down.
The green numbers instantly turned red.
Negative 10%.
Negative five percent.
zero.
Positive three percent.
In less than a minute, the stock price of Shen's Group underwent a stunning reversal.
"What the hell is going on?!"
Wang Jianye roared.
Lin Peisheng's face turned ashen. He immediately took out his phone and dialed the trading room number.
"What are you doing! Why are you canceling the order!"
The trader's voice came through the phone, trembling with tears.
"Mr. Lin! We didn't cancel our orders! Someone else has bought up all our pending orders! The other party has too much capital and doesn't care about costs!"
"Who's taking over?"
"Unable to locate! All accounts are scattered across Shanghai and Shenzhen, and the source of funds is encrypted using multiple layers of encryption!"
Lin Peisheng hung up the phone, gritting his teeth.
"The Shen family's final counterattack."
Lin Peisheng turned to look at Qi Zhen and Wang Jianye.
"Shen Xingzhou pulled out his life savings."
"Where did he get so much cash!"
Qi Zhen's face was filled with disbelief.
"No matter where he came from."
A fierce glint flashed in Lin Peisheng's eyes as he roared into the phone.
"Keep dumping! Throw in the remaining 3 billion! I want to see Shen's Group's stock price plummet again!"
9:40.
Three billion yuan was transformed into countless sell orders, flooding the market.
The stock price of Shen's Group paused briefly at a positive 3%.
Qi Zhen clenched his fists and stared intently at the screen.
However, the pause lasted only three seconds.
Buying pressure surged again.
One hundred thousand hands.
500,000 hands.
Two million hands.
Lin Peisheng's investment of 3 billion yuan didn't even make a ripple before being swallowed up completely by the other party's gaping maw.
The stock price continued to rise.
Five percent.
Eight percent.
9:45.
"bite."
A crisp notification sound.
Shen's Group stock hit its daily limit.
A massive buy order of 100 million lots was firmly locked at the daily limit up price, like an unshakeable mountain.
The home theater fell silent once again.
Lin Peisheng took two steps back and slumped onto the sofa.
"Fifty billion... all gone."
Lin Peisheng muttered to himself.
Wang Jianye's face turned deathly pale.
"That's impossible."
Qi Zhen braced his hands on the table, his eyes almost bulging out of their sockets.
"To go from the daily limit down to the daily limit up, we need to absorb 5 billion yuan of your sell orders, and then use another 100 million lots to lock in the limit up... This requires at least 20 billion yuan in cash flow!"
Two hundred billion in cash flow!
In the entire city of Wuhan, no company could mobilize 20 billion yuan in cash within an hour.
"The He family's stock also hit its daily limit!"
Qi Zhen pointed to the corner of the screen.
The three listed companies under Stanley Ho's name also staged a miracle, going from limit down to limit up.
"Someone is helping the Shen family."
Lin Peisheng suddenly looked up, his voice trembling.
"And it's a behemoth far larger than us."
"Who dares to help the Shen family!"
Wang Jianye roared.
"I, Wang Jianye, and Lin Peisheng, have declared: who in China dares to take on this project!"
Before he could finish speaking...
"Bang!"
The door to the home theater was suddenly kicked open.
Lin Peisheng's chief secretary scrambled in.
"President Lin! Something's happened!"
The secretary was covered in sweat and spoke in a harsh voice.
Lin Peisheng kicked him away.
"What's the panic! Is the sky falling?"
"The sky has fallen!"
The secretary held up the tablet computer, her hands trembling so much she could barely hold it.
"Our Lin's Medical stock is being maliciously shorted! 30 billion in sell orders flooded in within ten minutes, and the stock price has already hit its daily limit down!"
"What did you say?!"
Lin Peisheng grabbed the tablet.
On the screen, the ghastly green limit-down price of Lin's Medical stung his eyes.
"It's not just a limit down."
The secretary swallowed hard.
"The China Securities Regulatory Commission (CSRC) just issued an announcement stating that it has received an anonymous tip alleging that our core laboratory is suspected of data fabrication and has requested a trading suspension pending investigation!"
Lin Peisheng's vision went black, and he almost fainted.
Three billion yuan in short selling funds.
Precise strikes against negative news.
This means they're going to completely uproot the Lin family.
"Who did this?!"
Lin Peisheng grabbed his secretary by the collar and roared.
"I don't know... The funds all came from Shanghai, and the operation was extremely ruthless, leaving no way out."
Shanghai.
A name flashed through Qi Zhen's mind.
But he immediately rejected that idea.
That person hasn't personally managed the business for ten years.
Just then, Wang Jianye's phone rang.
"Mr. Wang! All routes to the south are blocked!"
"Lei Zhen has gone mad! He ordered the closure of all our cargo ships' berthing permits! He even sent ships to block our shipping lanes!"
Wang Jianye froze.
"Not only that, Lei Zhen mobilized all idle transportation capacity and sent them all to Jiangcheng, using the Shen family's name to transport goods for the Shen family free of charge!"
Wang Jianye loosened his grip.
The phone fell on the carpet.
Thunderclap.
The shipping tycoon of Guangdong Province.
Why would he get involved in Jiangcheng's affairs?
On what grounds does he wage a full-scale war against the Wang family for the sake of the Shen family?
"President Qi!"
Qi Zhen's assistant also rushed into the audiovisual room, his face ashen.
"The thirty overseas ports we just ceded have been blocked by international capital; their accounts have been frozen, and the entire transfer process has been suspended!"
Qi Zhen slumped into a chair.
It’s over.
It's all over.
This is not a business war at all.
This was a one-sided massacre.
The other party didn't even show their face; they simply moved a finger, and they drove the two major clans of the capital and the Qi family into a desperate situation.
The financial market was crashed.
The logistics line was cut off.
Overseas assets have been frozen.
Wang Jianye looked at his phone on the ground, Lin Peisheng looked at the large screen showing the stock price had plummeted, and Qi Zhen looked at the ceiling.
The three people who were just celebrating with champagne now felt as if they had fallen into an ice cave.
What kind of monster is standing behind the Shen family?
"check."
Qi Zhen suddenly stood up, his eyes bloodshot, his voice hoarse like the growl of a wild beast.
"Investigate!"
"Use all available resources to find out who is supporting the Shen family! Who is shorting the Lin family! Who instructed Lei Zhen!"
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