Another office in Beijing.

More than a dozen screens simultaneously display A-share, Hong Kong stock and A50 market data.

The man sitting at the front frowned as he watched the sudden appearance of a buy order.

"Tai Chu No. 3 has less than 2 billion yuan in cash."

"Star Technology has made continuous investments recently, and it doesn't have that much money on hand."

"Where did these buy orders come from?"

No one could answer immediately.

They anticipated Chen Mo's counterattack.

One or two billion yuan, or even five billion yuan, is within the original scope of response.

The more pressure Chen Mo continues to apply, the more funds he will end up with trapped.

Within half an hour of the market opening, real buying orders from within the domestic market had exceeded 8 billion yuan.

Below the A50, it looks like there's a bottomless pool of funds.

No matter how many short positions you place, they will all be completely absorbed by the other side.

"Cha Chuangsheng".

"No abnormalities were found in the created account."

"What about Grant, Goldman Sachs, and Merrill Lynch?"

All three companies refused to provide information, citing client confidentiality.

The man's face darkened as he watched the index decline gradually narrow.

"continue."

"The money he borrowed all had costs."

"As long as the price is brought down again, these temporarily cobbled-together funds will naturally dissipate."

A new round of sell orders entered the market.

10:15.

The Shanghai Composite Index fell below 3% again.

The retreat of Taichu II has expanded again.

Chen Mo observed the market trends but did not make any further domestic purchases.

He only allowed the A50 team to continue taking on the project.

Ten minutes passed.

Twenty minutes passed.

In order to maintain the downward trend, the other party kept depleting its stock holdings and margin.

However, the market has not returned to the morning low.

10:43.

The A50 was the first to surpass its opening price.

The first batch of short sellers began to cut their losses.

Short covering in the futures market is itself a form of buying.

The index suddenly accelerated upwards.

-1.5%

-0.8%

At 10:51, the A50 officially turned red.

The domestic market reacted immediately.

Northbound funds through the Shanghai-Hong Kong Stock Connect have begun buying stocks weighted in the CSI 300 index.

The securities and insurance sectors saw a rapid rise.

By 11:00 AM, the Shanghai Composite Index had recovered all of its losses.

It opened 3% lower, then fell more than 4% during the session, and then turned positive.

It only took ninety minutes.

The entire market was in an uproar.

Funds that had been suppressed by panic began to flow back in frantically.

Speculative funds are buying back the shares they sold off in the morning.

Retail investors chased after strong stocks that had broken their limit-down.

Institutions buy the most liquid weighted stocks and ETFs.

Of the 97.3 billion yuan that Chen Mo prepared over the weekend, less than a third has actually been used.

But the market has already begun to attack on his behalf.

The morning session has ended.

The Shanghai Composite Index rose 1.97%.

The A50 rose 2.3%.

The overall pullback of Taichu 2 narrowed to 5.8%.

In one morning, nearly two billion yuan of book losses were recovered.

No one left their seat in the trading room.

Everyone knew that the morning's attack had only blocked the first wave of attacks.

What truly determines the outcome is whether this afternoon's rebound can become a consensus across the entire market.

12:20 PM.

Chen Mo readjusted the battle plan.

The best-performing sectors in the morning, namely banks, securities firms, and high-end manufacturing, were highlighted separately.

Of the eleven independent accounts, three other funds that were waiting on the sidelines took the initiative to call.

"Mr. Chen, count us in for the strategy suggestions this afternoon."

New news has also come from overseas.

A Swiss fund that had initially refused to participate applied to join after witnessing the A50's reversal.

Funds began to flow to Chen Mo.

One o'clock in the afternoon.

The A-share market reopened.

The other party is once again trying to suppress banks and securities firms.

This time, the sell orders were quickly absorbed by market funds as soon as they appeared.

One o'clock and six.

The brokerage sector broke through the morning's high.

1:12.

The first core holding of Taichu No. 2 hit the daily limit.

This stock was firmly pinned to its daily limit down in the morning session.

From hitting the daily limit down to hitting the daily limit up, the intraday volatility was close to 20%.

It was like a flag suddenly raised, shattering the last vestiges of hesitation in the entire market.

The second stock surged.

The third stock to hit the daily limit.

Short-term funds are starting to look for all assets related to the holdings of Taichu No. 2.

Semiconductors, high-end manufacturing, new energy, infrastructure, and financial sectors all saw successive rallies.

After 2 p.m., the Shanghai Composite Index rose by more than 5%.

At 2:17 PM, the increase reached 6.3%.

At 2:29 PM, the intraday high reached 7%.

A short squeeze occurred simultaneously in overseas A50 markets.

Some highly leveraged short sellers were forced to close their positions, and more buy orders poured in from the opposite direction.

The chips that the other side sold this morning are now being forced to be bought back at a higher price.

The net asset value curve of Taichu No. 2 is also rapidly recovering.

-5%.

-3.2%.

-1.1%.

At 2:40 PM, the 7.2% drawdown caused by the past two trading days was completely recovered.

The weighted net asset value has returned to its pre-crisis level.

Zhao Qiang stared at the screen, his eyes slightly burning.

Last Friday night, he thought Taichu might not make it through the weekend.

At this moment, the unrealized loss of 3.5 billion yuan has completely disappeared.

No shares of Taichu No. 2 were sold.

Chen Mo did not use even a single penny of policy funds.

He used funds and credit he had gathered from around the world to withstand the first wave of attacks that his opponents had been preparing for weeks.

3 PM.

The closing bell rang.

The Shanghai Composite Index ultimately rose 6.78%.

Trading volume in both Shanghai and Shenzhen markets hit a new high in nearly a month.

Of the 47 stocks that were attacked, 22 hit their daily limit up, and 19 saw gains of more than 5%.

The net asset value of Taichu No. 2 was actually 0.4% higher than last Wednesday.

There was a brief moment of silence in the trading room.

Then, the cheers that had been suppressed for several days finally erupted.

Someone hugged their colleague tightly.

Some people were leaning back in their chairs when they realized that their shirts were soaked with sweat.

Zhao Qiang walked up to Chen Mo, his voice trembling.

"Mr. Chen."

"We won."

Chen Mo looked at the index, which had stopped beating.

"It's only the first day."

The enemy's initial surprise attack has failed.

Taichu No. 2 was not forced to reduce its holdings.

Lu Zhilan will not be completely nailed down today because of the 3.5 billion yuan loss.

However, not all the funds hidden behind the scenes have left the market.

The articles written in advance, the materials prepared, and the real adversaries who have yet to appear will not disappear just because of a one-day price increase.

Chen Mo picked up the bottled water on the table and took a sip.

The person in charge of public opinion suddenly strode over.

"Mr. Chen."

"After the market closed, more than a dozen new pieces of news appeared in the market at the same time."

Some say today's rise came from illegal funds propping up the market.

"Some people have already started tracking the buying activity of Xingchen Technology, Taichu No. 3, and several other participating accounts."

Chen Mo took the tablet.

The title of the first article has already appeared on the screen.

"Hundreds of billions of dollars in mysterious funds violently entered the market: Who is manipulating it?"

The excitement on Zhao Qiang's face gradually disappeared.

The other party clearly had a backup plan.

Unable to break through the net asset value of Taichu No. 2, they began to attack Chen Mo's methods of rescuing the market.

Chen Mo didn't seem too surprised after reading the title.

"Notify all accounts to recheck transactions tonight."

He put the tablet back on the table.

"In addition, compile all the genuine orders, transaction records, and sources of funds for today."

"To be continued tomorrow."

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