"In the end, I am old."
Su Shimin suddenly laughed at himself. East Real Estate’s economy was on the brink of collapse. Lu Liang was going against the trend, going long. They held an absolute advantage, yet he didn’t know what he was still worrying about, let alone what there was to worry about.
He said in a deep voice, "Dennis, go ahead. Try to retain his main funds as much as possible."
Previously, Tianxing Finance had invested over 130 billion US dollars. Although the small-scale, nurous short selling was concealed, within three days, at most, only a few billion could be liquidated, with nearly a hundred billion US dollars still stuck in the Foreign Exchange Market.
It was ti to let Lu Liang taste the bitterness of defeat.
Authorized, Dennis showed excitent on his face as he contacted the dia to expose the news of Tianxing Finance’s exit from the Foreign Exchange Market in advance, then launched a final offensive on the offshore Renminbi.
At half-past two in the afternoon Beijing ti, there was a sudden change in the Foreign Exchange Market as the US Dollar to Renminbi exchange rate continued to rise.
Starting from 6.9850, it climbed to 6.9900... 6.9950... 6.9980...
For the first ti since the months of tug-of-war between long and short positions, the price broke through 6.9990, with breaking seven becoming an imminent reality.
"What’s going on? Why is there no support level?"
"Tianxing Finance? Where is Lu Liang? Weren’t they supposed to defend the market?"
On related forums, market participants were speculating. They once joined this market with the thought of profiting during national disasters.
But due to Tianxing Finance’s firm stance, voluntarily becoming the last defense for the Renminbi breaking seven, they had not made any money for quite so ti.
They decided to switch allegiance and beca one of the defenders, following Tianxing Finance to go long on the Renminbi.
Those close to Lu Liang beca wealthy. Though standing with Lu Liang might not earn much, at least it wouldn’t result in a big loss.
However, today’s market conditions greatly exceeded their expectations.
Having dominated the market for years and becoming the First Rich through it, was Lu Liang about to face his first defeat?
Suddenly soone posted in the forum: "Quick, check the Wall Street Journal, New York Tis, just updated articles."
"Tianxing Finance Withdraws from Foreign Exchange Market!"
"Financial Satan Will Face Judgnt!"
"Offshore Renminbi Enters the Seven Yuan Era!"
Dennis was well aware that without publicity, nothing could be accomplished.
Even though they held the advantage at this mont, their opponent was Lu Liang, the unbeaten Tianxing Finance.
He must give his all, employing every conceivable ans, to ensure nothing goes wrong.
Once the related articles were published, the offshore Renminbi market instantly beca a focal battleground for global investors.
6.9991... 6.9994... 6.9998...
The thin K-line continued to wriggle upward, with each move tugging at the hearts of millions of investors.
"Is it really going to break seven?"
People widened their eyes, hearts gripped by an invisible hand; they were about to witness the fall of a deity.
anwhile, at the 17th floor of Tianxing Financial Building on Xiangjiang Central Financial Street, within the International Investnt Market Trading Room.
The trading room that was normally bustling with the sound of keyboards, mice, and quotes was now deathly silent.
Hundreds of traders were breathing cautiously, the heavy atmosphere filling the entire space.
Wen Chao stood by Lu Liang’s side, his face grave, staring at the large screen suspended in mid-air.
When the offshore Renminbi price climbed to 6.9999, there was only one last base point remaining to break seven.
His mouth slightly open, throat rasping like gravel scratching glass, he softly uttered two words: "Lock positions!"
At the sa ti, the trading room simultaneously clicked their mice three tis and tapped their keyboards twice.
Locking positions, also known as locking in profits and losses, ensures that holding position gains and losses remain unchanged regardless of subsequent price rises or falls until they are unlocked.
Locking positions generally cos in two types: profit locking and loss locking, and they chose the latter.
With more than 130 billion US dollars’ worth of chips disappearing from the market, the foreign exchange trend opened like a dam floodgate.
Instantly breaking the seven-yuan mark, the short positions still had montum, successively breaking through 7.0100, 7.0200, 7.0300.
In re seconds, the Renminbi plumted by 531 basis points, the day’s drop reaching -1.12%, evaporating trillions of yuan in wealth.
Not until the price fell to 7.0530 did the trend halt and begin to slowly rebound.
"Damn Lu Liang."
"I put my faith in you!"
"The real estate market collapsed, the exchange rate broke seven, the end, it’s all over."
For those going long, so were wiped out, others annihilated, a tragedy no less severe compared to Bitcoin’s situation a short while back.
After all, foreign exchange and Gold are markets rampant with high leverage; so brokerage software even cos with 400-tis leverage, though limited to funds within 10,000 US dollars.
Ordinarily, a fluctuation of fifty basis points would be enough for them to either get rich overnight or fall into poverty overnight, let alone a drop of over 500 basis points.
Desperation began to spread...
"Lost!"
Wen Chao stood there, stupefied, gazing at the Forex Market where the victory was decided, looking almost soulless.
Lu Liang patted his shoulder, softly saying, "Lost is lost. Walking by the river often, there are bound to be tis when you get your feet wet."
"But we shouldn’t have lost so suddenly, and so disastrously."
Wen Chao murmured to himself, gradually furrowing his brows, suddenly looking at Lu Liang: "Mr. Lu, we haven’t lost yet, right?"
Locking the positions, not liquidating them; they still have 125 billion US dollars trapped, aning things aren’t over yet.
Lu Liang smiled without saying a word: "It’s been tough during this period. Get the guys settled down, and you should take a good rest for a few days too."
Saying this, he intended to leave, but took one last look at the funds account, with the losses temporarily standing at 11.45 billion US dollars. .
If at this mont, at this price, they lifted the lock on positions, then the losses would likely exceed 23 billion US dollars, or even more.
Walking out of the trading room, Lu Liang took a deep breath.
At this mont, Sun Zheyuan ca over and softly said: "Mr. Lu, Mr. Wilson just called. He plans to leave Xiangjiang, but before he goes, he wants to et you."
As the offshore Renminbi broke seven, relevant news quickly made headlines, and now there are all sorts of rumors around. The public opinion is unfavorable to Lu Liang.
"When he cos later, bring him directly to my office."
Lu Liang smiled slightly, without explaining, and returned to his upstairs office.
Having just sat down, he took out several mobile phones and placed them alongside a landline, whispering to himself: "Let see. Who will make the first call?"
The victory and defeat in the foreign exchange market have been decided, but it’s not the end of everything; rather, it’s the beginning, with its influence continuously brewing and spreading.
For example, just before the closing of Big A, there was a sudden plunge at the end of the session; Tianxing System’s eighteen stocks, twelve hit the limit down instantly, bringing down the new energy sector and dragging the market, yet another failed attempt to break three thousand points.
Or, for instance, the Hengtai Group, with which he maintained a good relationship, experienced financial fraud and huge fines, with its market value plunging from over 500 billion to slightly above 100 billion, crashing again mid-market with a decline of -12.22%, exiting the billion club.
After all, he lost, it was his first defeat, and he should taste the warmth and coldness of human relationships in this world.
Though there was only a bit over one billion dollars in losses, the Wall Street Journal kindly, using so inexplicable data, helped him amplify the losses by five tis.
Topics regarding him being on the verge of bankruptcy have already made it onto the hot searches on Weibo, and the number of people discussing is rapidly increasing.
"A loss of over five billion dollars... Is there really such a thing as the First Rich curse?"
"Oh my god, terrifyingly so, losing over 30 billion Renminbi all at once, how many zeros is that?"
"A bunch of idiots, how can there be such a big loss, don’t spread false rumors."
"Say less, it’s just that there are too many people leading the narrative, causing us the great King Ning to be affected as well."
"It’s hilarious, would Lu Liang do this if there was no profit? How could people empathize with capitalists?"
"I heard Liangzi failed by going long on Renminbi against the trend, leading to losses. He was putting real money and silver down to protect Renminbi, which can be considered as for the country and the people."
Lu Liang, intrigued, looked at the netizens’ comnts, feeling surprised: "How is the public perception better than I thought?"
He glanced at the several phones on the table, all silent without a single call, as if no one cared.
At this mont, Sun Zheyuan knocked and ca in, accompanied by Wilson, Lu Liang waved his hand, letting Sun Zheyuan wait outside the door.
Wilson looked at Lu Liang with a complicated expression, silent for a long ti before asking: "How much did you lose this ti?"
"Not much, just over a billion," Lu Liang said with a smile, inviting Wilson to the tea table.
Wilson widened his eyes, amazed: "How dare you, you’re so generous."
"Give and take, if there’s no give, how is there take?"
Hearing Lu Liang’s words, Wilson squinted: "Steve guessed right, you indeed have a hidden card."
To not expose his hidden card, and to keep Su Shimin from knowing that Lu Liang already knows their card.
Lu Liang willingly destroys the undefeated myth and sacrifices over a billion dollars in losses.
He dared not imagine how great the returns must be to make this sacrifice worthwhile.
Lu Liang smiled: "Don’t worry, I will include you in the future, after all, we are close partners."
Seeing that Lu Liang still wouldn’t say, Wilson didn’t pursue further and said to himself: "Steve believed it, he just called , during the conversation he only said for to go back first, no need for further intelligence exchange."
"Should I act out a scenario of being thoroughly outraged?" Lu Liang lifted the teacup, sipping lightly.
Wilson shook his head, full of admiration: "They only believe in what they investigate themselves, no need for unnecessary actions."
He is among the few who know about Lu Liang’s plan, and undeniably, Lu Liang’s understanding of human nature is too thorough.
Throughout the whole affair, he never actively exposed any information, rely providing small clues for others to investigate on their own.
Because Lu Liang knows very well that people like them are often arrogant and suspicious. The truth obtained passively will always be viewed skeptically, but the ’truth’ they arrive at through their investigation and analysis, they will firmly believe.
"Thank you for the praise."
Lu Liang smiled and asked again: "What ti is your flight?"
"Five twenty."
"Almost ti."
"Yes."
Lu Liang stood up, smiling, extending his right hand: "Find so ti in the second half of the year, co over to Xiangjiang again, then you’ll know what my hidden card is."
"I’m looking forward to that day."
Wilson left, Lu Liang watched him leave, and at this mont, the phone on the table rang.
The caller ID: Chairman Pan.
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