Tuesday.

3:40 a.m.

The screens in the Primordial Trading Room lit up again.

Monday's victory did not put anyone at ease.

The A50 index continued to fluctuate overnight.

As the Asian trading session approached, several accounts began to rebuild short positions.

There was no continuous sell-off like before yesterday's opening, and prices remained within a narrow range.

Zhao Qiang stared at the changes in his holdings for a long time.

"They are waiting for the market to open."

"Yesterday was just a test of our capacity to handle the load."

Chen Mo stood in front of the battle plan, holding a red pen in his hand.

After the market closed on Monday, Taichu sorted out all the large sell orders that appeared throughout the day.

There are a total of 34 main accounts within the country.

The offshore short sellers are spread across multiple platforms in Singapore, Hong Kong, London, and the Cayman Islands.

After 10:20 yesterday, the other party, despite still having a large amount of margin, proactively reduced the intensity of their attack.

Chen Mo then realized that Monday was just the beginning.

"All funds involved in yesterday's transactions will be moved to Group A."

Chen Mo drew a line on the left side of the battle plan.

"Put in Primordial III, Starry Sky, Family Office, and the domestic accounts that have already surfaced."

"The overseas channels used yesterday are also considered Group A."

Zhao Qiang quickly calculated.

"Group A still has 22 billion yuan remaining in normal trading volume."

"Adding the more than 27 billion yuan already invested yesterday, once all of it is used, it will be around 50 billion yuan."

"The family-run account has an additional 1.2 billion yuan in risk reserve funds, which will only be used when Taichu No. 2 approaches the reduction line."

"right."

"What about the remaining funds?"

"Place in Group B."

Chen Mo looked at the right side of the battle plan.

Listed there are unused conditional credit lines, a second tranche of offshore margin deposits, and several European and Middle Eastern accounts that have never appeared on the market before.

The total amount exceeds 47 billion yuan.

Looking at the two completely separated lines of funds, Zhao Qiang gradually understood Chen Mo's intention.

"Are you prepared to let them think we can only come up with 50 billion yuan?"

Chen Mo nodded and said.

"Let them watch this set today."

"Without my orders, Group B is not allowed to touch a single penny."

"What if the market falls again?"

"Still no movement."

Zhao Qiang opened his mouth, but ultimately did not continue to persuade him.

He knew that this was a facade created with hundreds of billions of yuan.

Chen Mo was prepared to personally breach his first line of defense.

Only in this way will the other party believe that the outcome is no longer in doubt and be willing to bet all the chips they have hidden behind.

……

Nine o'clock in the morning.

The A50 has entered daytime trading.

In the first minute, the index fell by 1.3%.

Subsequently, the short positions that had been hidden all night suddenly appeared in a concentrated manner.

2%.

2.7%.

At 9:13, the decline reached 3.4%.

This time, the other party did not probe step by step.

The short positions amplified by four times leverage are directly impacting the order book.

9:15.

A-shares entered the opening auction.

On Monday, several stocks that rebounded from their daily limit down to their daily limit up were all blocked by massive sell orders.

The securities, insurance, and banking sectors all opened lower.

The leading high-end manufacturing company that triggered the market sentiment reversal was pushed down to near the daily limit during the bidding phase.

For the first time, short-term funds that entered the market yesterday have shown a significant pullback.

"It's basically in line with their plan from last night."

"That's what the risk control manager said."

"First, suppress the leading stocks, then reduce the weighted stocks."

"Tai Chu No. 2 is expected to pull back 3.2% at the opening."

At Monday's close, the net asset value of Taichu No. 2 was 0.4% higher than before the turmoil.

This small profit cannot offset today's lower opening price.

As long as the market continues to fall, the risks that have just disappeared will immediately return.

9:25.

The call auction has ended.

The Shanghai Composite Index opened 2.86% lower.

9:30.

Continuous bidding has begun.

Four stocks instantly hit their daily limit down.

Yesterday, speculative funds and retail investors who followed Chen Mo into the market started to rush to sell.

The selling pressure quickly spread from Taichu No. 2's holdings to other sectors.

At 9:36, the Shanghai Composite Index fell by 3.7%.

Zhao Qiang looked at Chen Mo.

"Should we make a move now?"

"Tier 1 of Group A"

Chen Mo issued the order.

Domestic buying first entered the CSI 300 ETF and the banking sector.

Overseas accounts simultaneously accept A50 short orders.

A total of 4.5 billion yuan entered the market within ten minutes.

The rate of decline in the index has slowed rapidly.

9:48.

The first stock to hit its daily limit down opened.

Following that, the securities sector began to rebound.

The A50 index fell by 2.9%, narrowing its decline from 4.1%.

The Shanghai Composite Index has returned to below -2%.

The atmosphere in the trading room eased slightly.

Chen Mo did not stop.

"Second tier in Group A".

Another 5.5 billion yuan entered the market.

The core holdings that were attacked experienced consecutive limit-down days.

At 10:07, the Shanghai Composite Index had fallen by only 0.63%.

At 10:12, the first stock in the securities sector turned positive.

It only took a little over half an hour from when Chen Mo made his move until the market nearly turned positive.

Familiar voices have reappeared in financial forums.

"The funds from yesterday have arrived again!"

"Someone's backing us up!"

"Taichu had no intention of reducing its holdings at all!"

Some of the funds that were sold in the morning session are now being replenished.

Everyone thought that Monday's trend would repeat itself.

10:15.

The A50 betting pool on the screen suddenly went empty.

The next second, a short order far exceeding the previous one was dumped downwards.


Changes also occurred in the domestic market.

More than 20 stocks in the banking, securities, and high-end manufacturing sectors were simultaneously attacked by large sell orders.

There was no rotation.

There was no probing.

As if confirming that Chen Mo had continued to take over, the other party put all the prepared chips on the table at once.

"Third tier?"

Zhao Qiang asked hurriedly.

"continue."

Chen Mo did not hesitate.

The third tranche of funds from Group A entered the market.

Seven billion yuan.

Buy orders were quickly overwhelmed by sell orders.

Brokerage stocks, which had just rebounded, have fallen back to low levels.

The two stocks that had opened from their daily limit down were locked at the limit down price again.

At 10:28, the Shanghai Composite Index fell by more than 3% again.

At 10:40, the decline reached 4.2%.

Chen Mo still let Group A take over.

Funds are flowing into the market one by one.

However, whenever a buy order appears, the other side will immediately place a new sell order.

The two sides seemed to be calculating against each other across the betting odds.

One person wanted to know how much money Chen Mo could still come up with.

The other is waiting for the other party to bring out all the prepared selling items.

11:00 AM.

The remaining available quota for Group A has dropped to 4.2 billion yuan.

11:20.

Only 1.7 billion yuan remains.

In the last minute before the morning close, Chen Mo issued his final strategy suggestion for Group A.

All 1.7 billion yuan entered the market.

The Shanghai Composite Index briefly rebounded by 0.4 percentage points, but ultimately closed down 3.76%.

The overall pullback of Taichu-2 reached 4.3%.

Starting from Monday, Chen Mo has invested nearly 50 billion yuan through public and semi-public channels.

Zhao emphasized the Group A account.

Almost all available credit was reduced to zero.

"Group A has been completely wiped out."

His voice was a little hoarse when he said those words.

Chen Mo looked at Group B on the right side of the battle chart, which remained unchanged.

"No more bookings this afternoon."

"All Group A accounts are now under risk monitoring."

Zhao Qiang asked in a low voice, "Are we just going to let the market fall?"

"right."

Chen Mo picked up the lunch on the table, but didn't have much of an appetite.

……

Western suburbs of Beijing.

Inside the same courtyard, the person in charge of data statistics delivered the latest report into the room.

"Confirmed."

Shen Chongyue immediately looked up.

"How many?"

"As of Monday, the total investment both domestically and internationally amounted to approximately 27 billion yuan."

"About 22 billion yuan was added this morning."

"The total is close to 50 billion yuan."

"The available balances of the eleven temporary authorization accounts are nearing their minimum."

"The Starry Sky & Home Office account did not place any further orders."

"Margin calls at several major long positions in the A50 have also stopped."

Several people in the room looked at the screen at the same time.

The market continued to decline after the afternoon opening.

The familiar buying pressure did not reappear.

1.10.

The Shanghai Composite Index fell by 4.5%.

At 1:27, it reached 5%.

Chen Mo did not make a move.

Those speculative funds and institutions that joined on Monday have also begun to withdraw one after another.

Five hundred billion yuan.

The man in charge of the overseas accounts repeated it.

"It's basically in line with the upper limit we calculated last night."

"It's amazing enough that he can come up with so much money in one weekend."

"But now, that batch of bullets is all used up."

The white-haired old man looked at Shen Chongyue.

What do you think?

"It's not advisable to add any more bets today."

Shen Chongyue was not blinded by the current decline.

"Wait for the market to close."

"We'll decide on tomorrow's scale once we've confirmed that all buying has stopped."

After 2 p.m., they made three more attempts.

First, they bombarded banks with sell orders worth billions of yuan.

We will then attack the two key holdings of Taichu No. 2.

Finally, add another round of short positions to A50.

The market continued to decline each time.

No new large-scale transactions have occurred.

3 PM.

The Shanghai Composite Index ultimately fell 5.46%.

The A50 fell 6.1%.

The overall pullback of Taichu 2 was 5.9%.

The 3.5 billion yuan that was just recovered on Monday has once again turned into a book loss.

After reviewing the closing data, Shen Chongyue finally signed his name on the supplementary authorization letter.

"All overseas security deposits have been utilized."

"The second batch of borrowed securities will be credited to your account tomorrow morning."

"All available equity swap quotas will be confirmed tonight."

"Tomorrow, we will crush Primordial II."

The man in charge of overseas transactions cautioned, "If the judgment is wrong, we will not have room for a third margin call."

He's out of bullets.

Shen Chongyue pushed the signed documents over.

"This is the last time."

Telephone calls and documents continued to be sent out from inside the courtyard.

The remaining chips were brought to the gambling table one by one.

The two participants who had previously refused to invest additional funds have not changed their minds.

They maintained their existing positions and did not prevent others from continuing.

The entire alliance continues to operate according to the established plan.

Only a few people felt increasingly uneasy as the leverage increased.

……

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