7:20 PM.

Western suburbs of Beijing.

Lights came on in a courtyard without any sign.

Seven cars drove up to the gate one after another.

Each vehicle arrived at least ten minutes apart.

As the last guest entered the main building, the heavy courtyard gate slowly closed from the inside.

In the conference room on the second floor, the closing screen from the daytime trading session remained on the projection screen.

The Shanghai Composite Index rose 6.78%.

The A50 rebounded sharply.

Of the 47 key holdings of Taichu No. 2, 22 have hit the daily limit.

There were eight people sitting on either side of the long table.

Some of them come from domestic financial institutions and industrial capital.

Someone is in charge of offshore accounts, financing, and derivatives.

Another person has long been involved in media and consulting channels.

Sitting to the right of the main seat is Shen Zhuo's uncle, Shen Chongyue.

Hanyue Investment is just one of the Shen family's publicly known companies.

The capital truly controlled by Shen Chongyue is dispersed among more than a dozen funds, trusts, and industrial platforms both domestically and internationally.

The meeting at Chang'an Club was arranged by him.

The man sitting at the end of the long table chuckled and spoke first: "It seems the choice is already clear."

The white-haired old man in the main seat coughed, and the conference room immediately fell silent.

The old man looked at the curtain.

Let's review today's trading.

The man in charge of the overseas accounts opened the file.

The A50 index fell as much as 4.51% in early trading.

"As originally planned, we gradually increased our short positions during the decline to observe the initial support level."

"After 9:40, large buy orders began to appear in the trading channel."

"These funds continue to provide support at lower levels."

"After 10 o'clock, we added two more rounds of short positions."

"The other party ate it all."

The old man asked, "Why didn't you continue pressing?"

"The test has been achieved."

The man answered.

"If we continue to increase short positions, we will prematurely expose all of our prepared nominal positions."

"So after 10:20, we only maintained pressure on the order book and did not launch any large-scale attacks."

"The afternoon rally was mainly driven by short covering and market following."

"We have maintained more than 70% of the reserve margin, and we have only used the first batch of securities for domestic borrowing."

Today is not the day they are prepared to decide the winner.

The alternative offered by Chang'an Club was itself a test.

Today's bidding was also a test.

It was clear that Chen Mo chose to refuse.

However, the Shanghai Composite Index ultimately rose by nearly 7%, exceeding everyone's expectations.

Chen Mo's financial resources and understanding of the market are truly admirable.

How many accounts were discovered in total within the country?

"There are currently sixteen confirmed cases."

The person in charge of the data projects a relationship diagram onto the screen.

"The Primordial No. 3, the Star System account, and the Xingchen family office are all inside."

"The other eleven companies belong to industrial capital, family offices, and institutions that Taichu has previously contacted."

"The accounts themselves are not directly linked, yet temporary strategy advisory agreements were signed all at once over the weekend."

"Some of the accounts jointly purchased shares in the same listed company and also signed a supplementary statement explaining their concerted action relationship."

"The relevant documents have just been submitted, and we have not yet received official receipts for some of them."

Shen Chongyue asked, "What about the scale?"

"Today, approximately 27 billion yuan has actually entered the domestic market."

"Judging from the account balance and credit status, there are at least nearly 10 billion yuan in unused funds."

"Statistics cannot be obtained from overseas."

"The absorption capacity below A50 exceeds 30 billion yuan."

"Accounts are also involved in Europe and the Middle East."

"Have you found the ultimate source?"

"no."

The man in charge of the data shook his head.

Goldman Sachs, Merrill Lynch, and Morgan Stanley all refused to provide information, citing client confidentiality.

"The European accounts are spread across London, Paris, and Zurich."

"Middle Eastern funds enter through a cooperation platform between two sovereign wealth funds."

The meeting room fell silent for a moment.

"Paris."

The middle-aged man sitting on the left side of the long table suddenly spoke.

"These people are from Paris."

"Chen Mo met many European families and financial institutions at the St. Clair Conference."

"After the terrorist attack, he saved not only the people in the concert hall, but also the bankers, politicians and family heirs who were attending the dinner."

The financial relationship diagram on the screen finally showed an additional line that had not been previously included in the calculation.

These forces originally had no connection with a private equity firm within China.

Chen Mo managed to bring them all into the same deal in just one weekend.

The white-haired old man looked at the relationship diagram and slowly spoke.

"Chen Mo's financial abilities are beyond doubt."

"The Swiss franc, crude oil, the ruble, and this year's stock market crash are enough to prove his judgment."

"But I never expected that he would actually take action for the Primordial II."

After he said that, the expressions of the people around the table changed.

A year ago, Chen Mo was just an excessively young and mysterious client in the Merrill Lynch system.

Today, he can get Wall Street banks, European families and Middle Eastern funds to jointly provide hundreds of billions of dollars in trading capacity within 48 hours.

Wealth can be calculated through asset statements.

Personal relationships, trust, and influence are difficult to incorporate into a model in advance.

What is today's book loss?

The old man continued to ask.

"The A50 and its overseas derivatives totaled 3.2 billion yuan."

"Domestic securities lending and equity swaps, calculated based on closing prices, increased repurchase costs by 1.9 billion yuan."

"Most positions remain open, with no actual closing."

"If we can push the index down again tomorrow, we can recover the losses."

The unrealized losses of over 5 billion yuan are not insignificant.

This operation, which was prepared weeks in advance, is still within a manageable range.

In particular, the source of most of Chen Mo's funds was already discovered on the first day.

Next, they no longer need to bet on the unknown.

A man sitting on the right side of the long table opened another document.

"The net asset value of Taichu No. 2 has been fully restored."

"The three internal reports we prepared will be reduced in weight as a result."

"If no further actual damage can be caused, it will be difficult to escalate the questioning of Lu Zhilan."

The white-haired old man did not answer.

Shen Chongyue pushed an untitled folder to the center of the desktop.

It only contained a few pages of personnel evaluations and a summary of opinions.

"The relevant list will be discussed in its final stages next month."

"Lu Changming is currently ranked ahead."

"In recent years, he has been pushing for long-term capital to enter the high-tech industry, which has garnered a lot of support."

"The Primordial II is the most representative market-oriented experiment of this approach."

"If Taichu No. 2 chooses the wrong strategic advisor due to personal relationships, resulting in losses of billions or even tens of billions of dollars, Lu Zhilan must recuse herself."

"Lu Changming's entire proposal will therefore be questioned."

This is the true objective of the entire plan.

Xu Xiang is just the entry point.

Feng Kai is part of the chain of evidence.

The net asset value of Primordial II is responsible for turning problems into visible losses.

The connection between Chuang Sheng and Chen Mo will amplify suspicions about their personal relationship and the transfer of benefits overseas.

No single layer can determine the outcome.

If they appear simultaneously, it will be enough to make many people who originally supported Lu Changming reconsider.

Time is running out.

Shen Chongyue said.

"So we must continue tomorrow."

An executive from an industry fund, sitting near the door, frowned.

"Chen Mo only used less than half of the funds today."

"Even if we are prepared, continuing to push downwards could simply become a waste of time and energy."

Another person chimed in, "After Paris, the attention he received was no longer limited to the Lu family."


"Behind Qingjia, OpenAI, and Douyin are different people."

"This game can continue, but it cannot be expanded any further."

Both of them were the ones who knew Chen Mo's overseas experience best among everyone present.

Although they did not suggest withdrawing now, their tone was already filled with caution.

The white-haired old man glanced at them.

"Nobody is prepared to expand the scope."

"The normal business operations of Xingchen Technology, Douyin, Qingjia, and Chuangsheng are still not allowed to be touched."

"Our goal has always been only Primordial II."

"As for Chen Mo, since he has chosen to enter the fray, we will deal with him according to the market rules."

At the end of the long table, a thin man suddenly said, "In the beginning, the only person who could truly organize these funds was him."

"If he is unable to enter the trading room tomorrow, many temporary accounts will naturally lose their unified direction."

As soon as he finished speaking, the air in the conference room instantly turned several degrees colder.

The white-haired old man looked up at him.

"Don't say things like that again."

"I only told him to leave temporarily..."

"Shut up."

The old man's voice turned somber.

"Chen Mo has just experienced a truck attack."

"His security has been raised to the highest level, and he is surrounded by people arranged by the Lu family and their overseas teams."

"After Paris, several major French and European families, as well as Grant Bank, were all concerned about his safety."

"Qingjia Microelectronics, OpenAI, Douyin, and Xingchen Technology are also related to many domestic technology and industrial layouts."

"When we deal with him in the market, many people will remain neutral."

"But if something happens to him at this time, all the neutral parties will get involved."

The old man looked around the long table.

"The target of this scheme is the Lu family."

"Chen Mo can lose, he can leave Tai Chu, but anyone who dares to touch him should think carefully about the consequences."

"No one here will clean up his mess."

The thin man's expression changed slightly, and he remained silent.

The two participants, who were already considering leaving, exchanged a glance.

They understood better than anyone else why the old man was so stern.

Fighting for interests and destroying a young person who is highly regarded by many are completely different things.

Once someone crosses this line, those temporarily sitting at the same table will likely be the first to cut ties with them.

Tell me about tomorrow.

The elderly man with white hair brought the topic back to the market.

The man in charge of overseas transactions switched the projection.

A new trading plan appeared on the screen.

"Today we have seen through Chen Mo's first line of defense."

"Overseas, prioritize A50; domestically, focus on banks, insurance companies, securities firms, and CSI 300 ETFs, and then take over the key holdings of Taichu No. 2."

"After the market opens tomorrow, we will bypass the first level of testing directly."

"A50 short positions increased to four times leverage."

"The first batch of positions was released in a concentrated manner before the market opened."

"Domestically, the focus will be on attacking the leading stocks that rebounded from their daily limit down to their daily limit up today, while suppressing banks and securities firms."

"As soon as the leading stock falls, the short-term funds that chased the rally today will be the first to withdraw."

"By 10 a.m., we will bring the index back down to below 3 percent."

Someone asked, "What if Chen Mo continues to take on the project?"

"Then let him answer it."

The man pulled up Chen Mo's financial structure.

"His funds include loans, conditional credit lines, and separate accounts that can be discontinued at any time."

"He doesn't have much money that truly belongs to him and can withstand drawdowns."

"Tomorrow we will keep increasing the sell orders, forcing him to use the second and third layers of funds ahead of schedule."

"The more cases he takes on, the greater the pressure he will face later."

"What if he doesn't answer?"

"The market will likely perceive today's rise as merely a temporary market-supporting move."

"That's what the man said."

"The speculative funds and retail investors who rushed in today will dump the shares for us."

"Whether he answers or not, we will get the result we want."

Shen Chongyue finished reading the plan.

How much margin is required?

"An additional 4 billion yuan from overseas."

"An additional 2.5 billion yuan will be prepared for domestic securities lending and equity swaps."

"The Shen family will bear 1.5 billion yuan."

Shen Chongyue said directly.

The remaining participants then reported their numbers.

The two people who already had reservations did not immediately express their opinions.

Only when everyone's eyes turned to them did one of them slowly speak.

"We are maintaining our current positions."

"The new additions need to go back and go through the Investment Committee."

He did not increase the stake.

Another person made the same choice.

The white-haired old man did not force him.

"Can."

The missing portion will be made up by other accounts.

.........

9:50 p.m.

End of the meeting.

The materials submitted to the real-name whistleblower were sent to the stock exchange, the custodian institution, and the cooperating securities firm.

Overseas platforms increase leverage.

The second batch of borrowed securities was deposited into the pending sale account.

All participants are waiting for the market to open on Tuesday.

They believed that Chen Mo had already demonstrated his defensive style on the first day.

Tomorrow's attack will be faster and heavier, and he will no longer have time to prepare.

no one knows.

In the Taichu Conference Room, Chen Mo was also reviewing every sale order made during the day.

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