189: Chapter 190 Decisive Battle Monday! A Cliffside Defense Built with Bridge Loans
Monday, January 13, 2014.
As the gong signaling the opening of the Hong Kong Stock Exchange just faded, the financial tsunami that had been suppressed for an entire weekend erupted with a near-destructive force.
"Bang!"
Zhou Zhenghai slammed his hand heavily onto the trading console, his bloodshot eyes fixed on the 70 HKD defense line that had been instantly smashed through on the screen.
After the brief two-day market closure over the weekend, those Wall Street foreign investors had not retreated.
Instead, they had keenly sensed the scent of blood from the Shanghai Business Alliance, which was nearing its limit.
It had only been ten minutes since the market opened.
A full five billion dollars in net overseas funds, like a precision Tomahawk missile,
struck directly at Jiyuan Entertainment's crumbling buy-side defense line!
This pack of bloodthirsty wolves was preparing to take advantage of this window of opportunity to swallow The Eight Giants of Shanghai whole!
"General Manager Zhou! The buy-side has completely collapsed! Our accounts are all bottoming out!" The hysterical roar of a trader echoed wildly throughout the trading room.
Zhou Zhenghai felt a chill run through his entire body; he grabbed the encrypted phone and dialed Shen Du's number with trembling fingers.
"General Manager Shen, it's really not going to work!"
As soon as the call connected, the voice of this tycoon who had dominated the business world for years unexpectedly revealed a trace of rare despair:
"The capital pool here has completely bottomed out! Nearly 200 billion RMB in real cash has all been poured in!"
"We've borrowed every bit of cash flow we could, and now the only thing left is to mortgage our fixed assets!"
Facing this terrifying nightmare that would make any financial magnate jump off a building in an instant,
Shen Du, on the other end of the line, did not even have the slightest irregularity in his breathing.
"What are you panicking about?"
Shen Du's voice was as cold as an ice-tempered blade, exuding a sense of absolute control:
"Hold the line at the liquidation threshold. Even if you have to fill it in cent by cent, drag down the speed of the decline for me!"
He paused, his tone suddenly becoming extremely chilling: "Hold out until the afternoon, then we begin the total harvest!"
These harsh words were like a shot of adrenaline, instantly piercing into Zhou Zhenghai's heart.
"Understood!"
Zhou Zhenghai gritted his teeth and hung up the phone fiercely.
He didn't waste another word, turning directly to roar at all the traders:
"Take the last bridge loan that was just approved over the weekend and dump it all in at once!"
"We aren't looking for a rally! Just hang it all below as a stepping stone to desperately drag down the speed of their sell-off! At the very least, hold out until the afternoon for me!"
As the final ammunition was poured into the market in a desperate gamble, the curve of Jiyuan Entertainment, which had been falling vertically, finally encountered some resistance.
Zhou Zhenghai stared fixedly at the screen. He was forcing himself to make a final, desperate struggle in this hundred-billion-level meat grinder with nothing but his own flesh and blood.
After stabilizing the situation on Zhou Zhenghai's end, which was on the verge of collapse, Shen Du calmly hung up the phone.
Without any pause, he immediately picked up another encrypted phone on the desk that connected directly overseas.
He pressed that string of numbers that no one but him knew.
The phone was answered after just one ring.
"Shen Du."
On the other end of the line came Hong Yun's hoarse voice, filled with exhaustion yet exceptionally excited.
Shen Du glanced at the clock on the wall, his tone indifferent as if he were just confirming a trivial matter:
"How are the preparations over there?"
"All overseas stocks have now been completely liquidated!"
Hong Yun took a deep breath, her voice trembling slightly from extreme excitement:
"The first batch of ten billion dollars is now safely lying in secret accounts within Hong Kong."
"The subsequent liquidated funds... another full thirty billion dollars, are flowing at full speed through multiple offshore channels and will all be in place by the afternoon at the latest!"
A full forty billion dollars in mobile cash flow!
This was the bottomless grave that Shen Du had dug overseas a year ago for these financial tycoons who attempted to short him.
"Very good."
A creepy cold smile slowly curled at the corner of Shen Du's mouth: "Keep a tight watch on the 30 HKD liquidation threshold for me."
In his pitch-black eyes, an extremely cruel killing intent erupted: "Once the stock price is smashed down to that critical point of thirty, immediately start a full-scale clearing of the market for me!"
"Use this forty billion dollars to violently eat up all the short orders!"
"Keep pushing the price up for me!"
Shen Du gritted his teeth and issued the bloodiest order word by word:
"Until the stock price stabilizes at 150 HKD, and directly blow up the positions of these Wall Street foreign investors and domestic hot money speculators who are shorting us!"
"Received!"
Hong Yun stood up abruptly from her chair. Long-term sleep deprivation caused her vision to darken for a moment, but the excitement in her bones supported her like a general about to go into battle.
"Begin full-scale operations immediately!"
As the call ended, Hong Yun turned around abruptly and roared sternly at the massive trading hall behind her:
"The bottom line is 30 HKD! Once it touches the red line, immediately use our capital pool to liquidate the entire market! Regardless of the cost, force it upwards! The targetβ150 HKD!"
Following her order, this quiet, hidden office building located overseas was instantly bustling with activity.
Hundreds of traders from top global investment banks, like components of the most precise war machine, began to act in an orderly yet frantic manner at their respective workstations.
The sound of keyboard typing erupted as densely as a rainstorm.
A giant net worth hundreds of billions, capable of sweeping up all global short-selling capital, finally opened its terrifying, bloodthirsty maw overseas.
Hong Yun gripped the communicator in her hand tightly, her knuckles turning pale from excessive force.
In these ten-plus minutes waiting for the final moment to arrive, apart from the sound of frantic typing, almost no noise of human communication could be heard in the entire hall.
Hundreds of traders stared intently at their screens, like a group of archers with their bows fully drawn, ready to fire.
Hong Yun's gaze crossed over the busy crowd, looking at the brilliant night view of Victoria Harbour outside the window. A wave of shock and admiration could not help but surge in her heart.
Only she, the one who handled the whole process, truly knew what a terrifying trap Shen Du had laid.
More than a year ago, during the darkest moment when The Eight Giants had just begun their difficult transformation into semiconductors, and were even strapped for cash just to scrape together two billion dollars,
Shen Du had secretly sent her to Hong Kong.
At that time, she only had a "mere" one billion dollars in start-up capital squeezed out from between the teeth of Jiyuan Technology.
It was with this money, over the past year or more, that Shen Du, through countless secret transoceanic phone calls, remotely controlled her to complete one extreme operation after another, like walking a tightrope, in the most high-risk, bloodiest NASDAQ market!
Shorting, leveraging, bottom-fishing... Every single time, Shen Du was like a prophet who had seen through the future trends, precisely hitting every surge and plunge of the NASDAQ!
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