Reborn in 2014: A One-Man Tycoon

Chapter 350

Ten minutes ago, at Mar-a-Lago.

Looking at the Agricultural Bank of China's candlestick chart, it's locked at -2%, and it's still slowly rising.

Everyone, including Meng Chuan, breathed a sigh of relief.

Anyone who plays the stock market wants nothing to do with the financial sector.

Especially now that many sectors are highly leveraged.

However, the next moment, before anyone could even catch their breath...

Another short order worth 400 billion has appeared in the market.

"Young Master, they're still smashing things..."

"One of the traders said urgently."

"eat!"

Meng Chuan's eyes narrowed; he had seen it too.

No matter how many come, Meng Chuan must eat them all.

In other areas, Meng Chuan can still consider gains and losses; if something is impossible, Meng Chuan can choose not to do it.

However, the financial sector, especially bank stocks, absolutely cannot afford to fail.

Even if something seems impossible, Meng Chuan will still try.

In fact, Meng Chuan knew better than anyone else that the domestic stock market was bound to collapse because the bubble was too big.

If it's a bubble, it's bound to burst sooner or later!

However, the stock market can crash, but it cannot collapse drastically.

All sectors can break down, but the financial sector cannot.

Otherwise, the resulting chain reaction would be uncontrollable.

By then, the domestic economy will have regressed by at least thirty years, or even more.

However, just as all the traders were operating their own accounts to begin nibbling away at this 400 billion short order...

It was only five minutes apart.

Suddenly, a short order worth 400 billion appeared on the market.

Even with Meng Chuan taking over, the market panic at this moment was still unavoidable.

-5%! -6%! -6.7%...

The candlestick chart took a sharp turn for the worse.

It's about to break through -7%.

Once it reaches -7%, many sectors will be severely impacted.

Because off-exchange margin trading is so prevalent, almost all sectors are highly leveraged.

Not many sectors can hold up to -7%.

Once the price drops to the -10% daily limit, it's a situation where no one is spared.

The entire A-share market, thousands of stocks, are about to hit their daily limit down.

"Pull him up at all costs."

Meng Chuan almost roared.

Time waits for no one, especially since there are a lot of false rumors circulating online that are pessimistic about the domestic financial sector, particularly bank stocks.

Even large organizations may find it difficult to distinguish the source and authenticity of information in a short period of time.

Therefore, they all chose to wait and see.

At the slightest sign of trouble, once these large institutions start selling off their shares...

That would be truly beyond saving.

All the traders were so engrossed in typing that they wanted to keep typing until their keyboards were smoking.

Sun Dashan's initial short order of 400 billion was immediately snapped up.

However, Meng Chuan has to deal with more than just Sun Dashan's short orders.

Countless retail investors are also frantically "fleeing".

If these retail investors place sell orders and no one buys them.

They will continuously lower prices to sell off their shares, which will cause the Agricultural Bank of China's stock price to continue to decline.

At this moment, no one is thinking about national sentiments.

At this moment, no one cares about the consequences if the financial sector hits its daily limit down.

Everyone knew that they had to escape as quickly as possible, because the faster they escaped, the less they would lose.

The slower you escape, the more trapped you will be, and you will lose everything.

Meng Dachuan only had about 20 traders, but he was dealing with tens of thousands of retail investors.

However, just when Meng Chuan thought it was too late to turn the tide.

Suddenly, a mysterious fund appeared in the market.

This fund, with the same goal as Meng Chuan, was also frantically absorbing all the sell orders.

"Young Master, we have help now."

One of the traders suddenly exclaimed in delight.

With the help of this capital, the Agricultural Bank of China's intraday chart, which was about to fall below -7%, was suddenly violently pulled up!

-6%! -5%! -3%...

This mysterious fund was clearly well-prepared, like a bottomless pit.

They instantly absorbed all the sell orders, followed by buy orders of up to one billion yuan from the four major banks.

The stock index of the entire financial sector immediately bucked the trend and rose by 1.8%.

With the entire sector rising, market panic was immediately stabilized.

Agricultural Bank of China shares finally broke out of the negative, growing by 0.6%.

The twenty-odd screens in front of Meng Chuan finally turned from green to red.

"call!"

Meng Chuan let out a heavy sigh of relief.

Finally, there was no danger.

"Young Master, look! Sidu's short positions are suddenly being cancelled in batches."

Yingdie suddenly pointed at the screen and said to President Meng.

"It exploded! They exploded! Haha..."

Meng Chuan also became excited.

The instigator finally couldn't hold on any longer.

In fact, the entire financial sector rose by 1.8% and Agricultural Bank of China rose by 0.6%.

Meng Chuan did not expect to be able to defeat Sun Dashan.

However, what Meng Chuan didn't know was that Sun Dashan was playing with fire.

His principal was only 1700 billion.

Even if 400 billion is borrowed through short selling, it would only amount to 2100 billion.

When shorting normally, you must leave yourself some room for maneuver.

However, Sun Dashan was impatient for quick success and wanted to take over the financial sector in one fell swoop and boost the entire A-share market.

He shorted all 2100 billion and poured it into the stock market.

If the financial sector declines, he can naturally take advantage of the situation.

Even a 0.6% increase would be unbearable for him.

At this time, at Sidu's headquarters.

"This is impossible!"

Sun Dashan seemed to have lost his soul, and he slumped heavily into the chair behind him.

It's over, it's over.

He squandered all 1700 billion yuan that the headquarters castle investment provided.

Moreover, he also owes the central company 400 billion.

"No, I still have a chance."

Sun Dashan suddenly stood up, took out his phone, and made his first call to Thomson.

"Thompson, hurry and help, I..."

The only person Sun Dashan could think of was Thomson.

Because Thomson and other international investment banks are allies of him.

If Thomson and other international investment banks join forces, there is still a chance to boost the financial sector.

Once the financial sector experiences a surge, it signals the start of a major offensive.

At that time, all the capital will rise up and attack it.

Even if he suffered some losses before, he can still recover them and make amends.

"Sun Dashan, don't be silly. It's obvious that the national team has intervened. You can't beat them."

Thomson didn't even give Sun Dashan a chance to finish speaking before he rebuked him mercilessly:

"A piece of trash like you dares to say that Chinese people understand the Chinese market best? You should figure out how to solve this yourself! Useless!"

Thomson thoroughly vented his anger by cursing Sun Dashan.

Not to mention he wouldn't dare face the national team alone.

Even if he dared to face him, he would absolutely not make a move!

Although he and Sun Dashan were allies, allies can also be competitors.

Thomson was more than happy that Sun Dashan suffered heavy losses.

The more principal lost, the less profit can be plundered later.

And the more Goldman Sachs he represents, the more profit he can gain.

"Damn it, what a short-sighted bastard."

Sun Dashan was so angry he wanted to bite someone while holding the phone.

However, he did not give up and wanted to continue calling other investment bank executives.

But just then, his phone rang.

It is the Asia President of Castle Investment, the parent company of Sidu:

"Sun Dashan, give me an explanation, or you can go feed the sharks in the Pacific Ocean yourself..."