85: Chapter 85 Beating Up Wall Street Capital
Chen Mo ordered:
"Zhao Yuan, execute profit-taking in batches immediately. Secure all positions, leaving no risk exposure."
Zhao Yuan said:
"Understood, Mr. Chen. How shall we execute it? Close all positions at once, or exit in batches?"
Chen Mo said: "Turn on your headset mic."
Zhao Yuan: "It's on!"
Chen Mo directly commanded:
"First, for the US Dollar Index DXY short positions, current price 79.85, close 70% of the position first. For the remaining 30%, set a breakeven stop-loss and continue targeting the second objective at 79.20."
"Second, for the EUR/USD and USD/CHF long positions, close all positions at market price immediately. Do not hold overnight. We have already captured the full profit from this wave of safe-haven misalignment."
"Third, for the RUB/USD long positions, take profit and exit completely at the 33.5 level. This rebound wave has exceeded 10%, the target range has been reached."
"Fourth, for the offshore Renminbi CNH spot short positions and NDF non-deliverable forward contracts, close in two batches. Close the first batch entirely at 6.14, and liquidate the second batch completely at 6.12. Eat up all the stop-loss orders from the Western hot money, leave nothing behind."
Zhao Yuan immediately spoke into his headset mic: "Execute Mr. Chen's profit-taking orders! Close positions in batches strictly according to the specified levels! DXY, EUR/USD, USD/CHF, RUB/USD, offshore Renminbi, operate simultaneously!"
The twenty veteran traders in the entire trading room focused intently. Orders worth billions and tens of billions were precisely thrown into the international forex market, with trade confirmations constantly popping up.
"Mr. Chen! 70% of the DXY short position closed! Profit locked in!"
"EUR/USD and USD/CHF long positions all closed at market price! Spread profits all realized!"
"RUB/USD long positions fully taken profit at 33.5! Exit point perfect!"
"First batch of offshore Renminbi CNH short positions closed at 6.14! Second batch at 6.12 is being executed!"
Within a few short minutes, all orders had been executed.
After settlement was complete, Zhao Yuan opened the final settlement statement and said:
"Mr. Chen, all settlements are complete! For this operation across four major product lines, the total profit is $12.76 billion, equivalent to over 78 billion RMB! This includes $3.4 billion profit from the US Dollar Index short, $2.13 billion profit from the euro/Swiss Franc arbitrage, $4.27 billion profit from the Ruble long, and $2.96 billion harvested from the offshore Renminbi hot money!"
Hearing this, even Zhao Yuan was momentarily stunned.
They had followed Chen Mo in battles across stocks, futures, and forex, but a single operation netting seventy-eight billion RMB was a figure he hadn't dared to imagine.
Only one thought now filled Zhao Yuan's mind: Mr. Chen truly is the God of Finance, undefeatable in the financial markets.
Chen Mo's expression remained calm as he spoke lightly: "Divert the funds. 60% back to the Tianxing Group's main account, 30% transferred to the reserve account, 10% kept as a flexible forex position, maintaining a state of readiness for operations at any time."
"Yes, Mr. Chen!"
Zhao Yuan immediately responded.
Just as they finished, the Bloomberg terminal on the command room wall suddenly flashed a red urgent news alert. CNBC, Bloomberg, Reuters, and The Wall Street Journal all simultaneously broadcast breaking headlines.
Zhao Yuan casually clicked to play the report, with synchronized English-to-Chinese translation coming through:
"Wall Street giants suffer crushing defeat in Ruble siege. Goldman Sachs, JPMorgan Chase, and Citigroup, along with hedge funds, incur massive losses shorting the Ruble, with combined single-day losses exceeding $3.5 billion!"
"US Dollar Index DXY plummets over 150 points, triggering stampede-like liquidations. Mysterious Eastern funds launch a counter-trend Sniper, accurately bottom-fishing the Ruble and shorting the Dollar, harvesting tens of billions in profits in one battle!"
"Offshore Renminbi market experiences large-scale liquidation wave. Western hot money losses exceed one hundred billion RMB. Identity of the Behind the Scenes funds remains a mystery. Market speculation points to Eastern state-level capital, or possibly that eastern demon who frequently acts in financial markets!"
"Russian Central Bank statement: Exchange rate stability exceeds expectations, thanks market forces for supporting the Ruble, without naming the counter-trend long funds."
The screen continuously flashed images of Wall Street traders breaking down, investment bank stocks plummeting, and violent fluctuations in the forex market. The entire European and American financial circle was in chaos.
When the news spread back domestically, the entire internet was abuzz with discussion.
Weibo, Tieba, forums, and financial communities were all flooded with posts:
#Mysterious Eastern Funds Bloodbath Wall Street#
#Western Hot Money Loses Hundreds of Billions#
#Dragon Country's Presence in the Ruble Defense War#
Topics like these shot to the top of the hot search list at a speed of seconds, repeatedly crashing the servers from the traffic.
In the Tianya Stock Forum, a veteran retail investor hammered his keyboard and posted three consecutive threads:
"I knew it! Every time the West tries to harvest emerging markets, someone from our side always steps up! This time, they directly crushed Goldman Sachs and JPMorgan Chase, making them lose $3.5 billion in a single day. So satisfying it makes my scalp tingle, brothers!"
"We always used to watch Wall Street Harvesting others. Today it's their turn to be harvested. This is what they call 'the wheel of fortune turns, and heaven spares no one'!"
"The West lost over a hundred billion RMB. This isn't just trading; it's giving Western capital a lesson in finance!"
The comment section of Sina Finance was jam-packed by netizens. The top comment received hundreds of thousands of likes:
"Wall Street is allowed to short the whole world, but we're not allowed to counter-snipe? This was brilliantly done, directly extinguishing their arrogance! Make them kneel and sing 'Conquest'!"
"Wasn't Goldman Sachs constantly talking down the Ruble and talking up the Dollar? How did they get rubbed into the ground by mysterious funds? Suggest CNBC not just report the losses, but well learn what real financial combat looks like."
"Western hot money came trying to pull out our wool, but ended up being pulled out by the roots. Hundreds of billions in funds vanished into thin air. Watching this gets my blood boiling! It gives off a strong vibe of 'amidst chatting, the enemy's fleet turned to ashes'!"
In the Baidu Tieba "Forex Bar," newbies and veterans argued fiercely, the screen filled with excited comments:
"Folks, who understands! The Dollar Index crash 150 points, the Ruble rebound over 10%, offshore Renminbi Blow it up directly the short selling. This operation flowed seamlessly, It's simply god-level prediction!"
"I used to think financial warfare was far from us. Now I know our country has Long ago experts layout, safeguarding national financial security!"
"Could this be Big Boss Chen Mo's doing? Good heavens! One man taking on the entire Wall Street!"
"Possible!"
"Possible +1"
"+10086"
Under the related question on Zhihu, professional answerers analyzed overnight:
"This isn't luck; it's precise information asymmetry, capital chain, and tactical coordination. Shorting the Dollar, arbitraging euro/Swiss, going long on the Ruble, harvesting offshore Renminbi—four battlefields blooming simultaneously, each step hitting the Weakness of Western capital."
"Wall Street underestimated our financial strength, thinking they could control the Global through sanctions and shorting. result, they were Precise counterattack by mysterious funds. This is the first time the financial hegemony has been so disheveled."
"This isn't merely about making money; it's about breaking the Dollar's monopoly, paving the way for Renminbi internationalization. The significance is immense!"
Note: Some Chinese internet slang/terms (e.g., Sniper/snipe, Behind the Scenes/behind-the-scenes, Harvesting/harvest, pull out wool/pluck wool, crash/plummet, rebound/rebound, 打爆 short selling/blast the shorts, It's simply/ simply like, Big Boss/big shot, layout/layout, Weakness/soft underbelly, Global/overall situation, result/as a result, Precise counterattack/precise counterattack, hegemony/hegemony, disheveled/in disarray) are translated contextually to fit the financial/warfare metaphor and maintain flow. Numerical figures are converted to the short scale (billion) as per common financial reporting in English. Phrases like "Dragon Country" are used for " Dragon Kingdom" as a patriotic synonym for China in this context. "+10086" is a common internet meme in Chinese forums, akin to "+1" but exaggerated, kept as is for flavor.
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