After settling his parents in, Chen Mo flew to Kyoto without stopping.

At the same time, the Shanghai Composite Index surged to 5178 points.

To many, this number represents a magnificent display of power and prosperity.

In Chen Mo's eyes, however, it was a mountain peak.

When the plane landed, Zhao Qiang was already waiting at the airport.

He had lost weight recently, and his eyes were bloodshot, but he was extremely excited.

As soon as the car door closed, Zhao Qiang handed over the tablet.

"Mr. Chen, Taichu No. 1 has completed the final batch of liquidation as you requested."

Chen Mo took the tablet.

The screen displays the final earnings report for Taichu No. 1.

Since its inception, it has accumulated a return of 185%.

Net worth: 2.85.

This number would be enough to drive anyone crazy in any private equity industry.

Moreover, it has only been six months since its establishment.

It has firmly secured the top spot in this year's private equity fund performance rankings.

Zhao Qiang's voice trembled slightly.

"President Xu is going crazy."

"The news of the liquidation of Taichu No. 1 has not been released yet, but several major clients are already inquiring about it."

"They all want to know why we're retreating at this time."

Chen Mo looked out the window; the traffic in Kyoto moved slowly forward.

"Ignore them."

Zhao Qiang nodded.

Having followed Chen Mo for so long, he had grown accustomed to Chen Mo's calm demeanor.

The more frenzied the market became, the more he seemed to foresee the ending.

"What about the futures I traded?" Chen Mo asked.

Zhao Qiang immediately turned to the next page.

"Your stock index futures positions have also been completely closed out."

"The leveraged positions of around 1.2 billion were cleared out in batches this morning."

"After deducting the 200 million you previously invested in Deep Exploration, your personal account currently has a little over 800 million."

At this point, Zhao Qiang couldn't help but glance at Chen Mo.

Eight hundred million in cash—if Zhao Qiang hadn't witnessed it firsthand, he wouldn't have believed that an eighteen-year-old could amass such personal wealth in just a few months.

Chen Mo simply nodded.

"You take 1000 million, and then transfer the rest to my bank account in China."

Zhao Qiang suddenly looked up.

"Mr. Chen, this is too much."

Ten million.

Even though he is now the core person in charge of Taichu Capital, he cannot remain indifferent to this number.

Chen Mo put the tablet aside.

"not much."

"The Primordial One incident is a matter within the company system. Your bonus will be handled according to the rules."

"But the futures account is my personal account."

"Keep an eye on this for me during this time. This money is my personal payment."

Zhao Qiang's throat moved.

He had indeed been keeping an eye on this account for Chen Mo.

A stock index futures position of 1.2 billion is not as simple as just glancing at the market.

Margin changes, intraday fluctuations, forced liquidation risk, trading channels, and the pace of phased liquidation.

Every single detail must be scrutinized.

Especially in the last few days, market sentiment has become extremely hot.

At times like these, the pressure is terrifying.

Zhao Qiang lowered his head and remained silent for several seconds before saying in a hoarse voice, "Thank you, President Chen."

Chen Mo nodded and continued, "The liquidation of Tai Chu No. 1 is just the end of a phase in the market."

"The real trouble is Primordial Two."

"The money over there isn't the money of ordinary customers."

"The accounts are independent, the custody is independent, and the execution team is also complex."

"From today onwards, all operations must be carried out with greater caution."

Zhao Qiang immediately composed himself.

"clear."

The car drove into the underground parking garage of the IFC.

The atmosphere inside the Taichu Capital office was completely different from that in the outside market.

Everyone outside is talking about a bull market.

There's a queue at a brokerage branch to open an account.

People are talking about stocks even in restaurants on the street.

Even taxi drivers are asking which tickets will rise in price.

But at Taichu Capital, all the screens no longer show any high-elasticity positions.

The traders felt a little uneasy looking at the empty positions list.

They are used to making money.

I've gotten used to seeing my account balance jump up every day.

Now everything has been suddenly cleared out, like a soldier who has charged halfway up a mountain being forcibly restrained.

When Chen Mo walked into the trading room, everyone stood up.

"Mr. Chen."

Chen Mo nodded and walked to the main screen.

The Shanghai Composite Index is still fluctuating at a high level.

The red numbers are glaring.

Five thousand one hundred and seventy-eight.

Zhao Qiang stood behind him and said in a low voice, "President Chen, many people think we can continue to rise today."

"Of course they would think that way."

Chen Mo looked at the screen.

"The last day of a bull market usually feels like the first day."

The trading room fell silent.

No one dared to speak.

Chen Mo turned around and looked at the crowd.

"The end of Primordial One."

"All subsequent redemptions and profit distributions for clients will proceed according to the contract."

"All management fees and performance-based compensation that should be collected will be paid in full."

"We never delay paying our clients a single penny."

Zhao Qiang nodded: "Understood."

Chen Mo continued, "Starting today, Taichu Capital will enter a defensive posture."

"The research department is reviewing its positions. The trading department has suspended active position openings."

"The risk control department focuses on two things."

"First, the risks of off-exchange margin trading."

"Second, stock index futures and margin trading data."

Zhao Qiang's expression hardened.

"You believe a correction is coming?"

Chen Mo did not answer directly.

"The car has already reached the edge of the cliff."

……

3 PM.

Market closes.

The Shanghai Composite Index settled around 5,178 points.

The entire market remains in a state of frenzy.

Financial websites' homepages are filled with headlines celebrating new bull market highs.

Brokerage analysts raised their target prices overnight.

Some people are predicting 6,000 points.

Some people are predicting 8,000 points.

Some people even say that 10,000 points is not a dream.

There was no celebratory atmosphere in the Taichu Capital conference room.

Zhao Qiang placed the execution briefing of Taichu No. 2 in front of Chen Mo.

"Regarding Primordial II, the first phase of adjustments has been completed today, in accordance with your previously established internal defense plan."

"Equity positions have been significantly reduced."

"Sell all overvalued speculative stocks."

"Retain a small strategic core position. Increase the proportion of cash and cash-like assets to over 70%."

"In addition, several independent accounts have begun to establish lightly hedged positions."

Unlike Taichu No. 1, Taichu No. 2 has an independent account, independent custody, and its execution team is jointly formed by all parties.

Chen Mo doesn't handle the money; he's only responsible for direction and strategy.

This was also the boundary set at the Kyoto closed-door meeting.

Zhao Qiang continued, "President Lu has sent word that he hopes to have an internal conference call with you tonight."

Chen Mo nodded.

"No rush. Send today's execution report first."

"Tell them that the first phase of Primordial II is not about making money off the final bubble."

"So that when the bubble bursts, we'll still have bullets in hand."

Zhao Qiang said in a low voice, "Understood."

Chen Mo closed the document.

"I'll personally lead the conference call tonight. Also, prepare the liquidation report for Primordial One."

"We will formally notify the client tomorrow morning."

Zhao Qiang nodded.

"Yes."

Chen Mo stood up, and his phone screen lit up.

It was a message from General Manager Xu.

"Mr. Chen, are you really not going to wait any longer?"

Chen Mo glanced at it and replied with four words.

"Know when to stop."

After sending the message, he put his phone back in his pocket.

Today, many people believe they are standing at the threshold of wealth.

Only Chen Mo knew.

The door beneath their feet is slowly turning into an abyss.

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