DLWAV CH17

Receiving a call from Xiao Ruize, Jin Boshi, who was playing with his daughter, hurried out of the hospital room.

Thanks to Xiao Ruize, he had not only moved his family out of the urban village but also transferred his daughter to a better hospital. They were just waiting for a suitable bone marrow match so his daughter could be free from her illness. Because of all this, his wife’s attitude had softened. His family was temporarily preserved.

So Jin Boshi was genuinely grateful to Xiao Ruize. One could imagine how panicked he was when he had just helped Xiao Ruize buy over two billion yuan worth of Bitcoin, only to immediately encounter a crash. He worried Xiao Ruize would lose everything.

Fortunately, Bitcoin later surged unstoppably, directly earning Xiao Ruize over thirty billion yuan, and his heart finally settled back in his chest. Precisely because of this, he discovered that Xiao Ruize was far from the wasteful rich second-generation playboy rumors made him out to be.

His view aligned with Zhou Sheng’s—no wastrel could remain as steady as Mount Tai when their capital had already lost 70%. So he couldn’t help suspecting that Xiao Ruize hadn’t guessed Bitcoin would surge by luck—he had calculated it.

Therefore, upon receiving Xiao Ruize’s order to immediately recruit staff to short Country Y’s stock market, he replied without hesitation, “Alright, I’ll arrange it right away.”

That afternoon, Jin Boshi reached a one-month lease agreement with a financial company through a headhunter. The next morning, under their control, the first batch of ten billion yuan flooded into Country Y’s stock market, shorting Country Y’s top ten tech companies.

Country Y was different from China—it had no price limit system, meaning a company’s stock could rise hundreds of times in one day or drop straight to 0%. In Country Y’s stock market, buying ordinary stocks generally allowed for six times leverage or even ten times leverage. Of course, if the capital amount was large, it wouldn’t be that much.

Soon, the ten billion yuan became thirty billion. That day, Country Y’s top ten tech companies all fell by about two points, with Country Y Telecom Services, the tenth largest tech company, plummeting 7%. The national index dropped 2.6%.

“Day one: loss of 1.5 billion.”

On the second day, another ten billion yuan flooded into Country Y’s stock market, continuing to short the top ten tech companies. At closing, they generally fell by about four points, dragging the national index down 2.1%.

“Day two: total loss of 2.6 billion.”

But Country Y’s retail investors weren’t frightened—they were excited instead. They knew Country Y’s stock market had been falling since the beginning of the month mainly due to the impact of Country Y’s grain production reduction. But it had been over a week—this influence should have mostly dissipated.

So with the market crashing continuously now, nine times out of ten the market makers were washing out retail investors. Once they’d washed them all out, they’d definitely start violently pumping the price. So if not now, when should they buy the dip?

They directly withdrew funds from other stocks and invested them into these ten tech companies’ stocks.

On the morning of the third day, Jin Boshi continued investing the third batch of ten billion yuan, but this time going long with market sentiment. Sure enough, at opening, Country Y’s top ten tech companies began rising sharply, with Country Y Telecom Services surging 11% within half an hour.

Under Xiao Ruize’s orders, after the increase exceeded 6%, Jin Boshi sold all his holdings. The national index immediately dropped from an earlier rise of 3.3% to 0.9%.

Jin Boshi then released the fourth batch of ten billion yuan, continuing to short. Other Country Y market makers immediately understood Jin Boshi’s intention and followed suit shorting.

With their coordinated cooperation, at eleven o’clock, the top ten tech companies’ stocks plunged. Country Y stockholders panicked and sold their holdings. At 2 PM, Jin Boshi and other Country Y market makers invested all their previous funds and went long.

By closing, the top ten tech companies’ stocks stabilized at a five-point increase.

“Day three: total profit of 6.9 billion.”

On the fourth day, the same scenario played out again.

“Day four: total profit of 13.7 billion.”

On the fifth day, almost all Country Y stockholders knew about the major market maker manipulating the top ten tech companies’ stocks. Believing they’d figured out the maker’s pattern, when the stocks dropped to the bottom that day, they didn’t hesitate to use leverage to buy into the top ten tech companies.

That day, Jin Boshi only put out less than three billion yuan, and Country Y’s market makers had already tacitly begun shorting the top ten tech companies’ stocks. At closing, Country Y Telecom Services had fallen 12%. For a time, Country Y’s stock market was filled with wailing.

“Day five: total profit of 13 billion.”

Day six was Saturday—the stock market was closed.

In Qianshi, because Gao Xiong and the others thought that for market making, the more capital the better, and also wanting to help friends and family make another fortune, they spread the word everywhere. Their friends and family told others… Soon, most of China’s upper-class society knew that the person stirring up Country Y’s stock market these past days was Xiao Ruize.

“Xiao Ruize? Has he lost his mind?”

After all, in China, everyone knew Xiao Ruize was an absolute playboy. He’d earned over thirty billion yuan before purely by luck. Yet Xiao Ruize actually believed in his good luck and plunged headfirst into Country Y’s stock market.

Could he even trade stocks?

“I heard Xiao Ruize mortgaged all his Xiao Corporation shares and borrowed twenty billion.” “Whether he’s crazy or not I don’t know, but I know Gao Xiong and those guys must be crazy.”

“They actually believed Xiao Ruize’s words. Some even mortgaged all their properties and cars, then gathered over thirty billion yuan for Xiao Ruize.” “They’re absolutely insane.” “The Xiao family is in for trouble.”

“More than that—once Xiao Ruize loses everything, Xiao Corporation’s previous turmoil will be their future. But this time, no one can save them.”

“…But they seem to… have actually made money.”

Last week, they made 13.4 billion yuan in one go.

“…” “Fuck!”

Hearing this, the mockery and amusement in Lin Gaolang’s eyes froze. Did Xiao Ruize bet correctly again?

No, he absolutely couldn’t allow this to happen—

Then, as if thinking of something, he sneered, took out his phone, and called the Lin family in Country Y. Country Y already resented China—if they knew this was done by Chinese people, they’d definitely rise up in resistance.

When that time came, could Xiao Ruize, a worthless playboy, be a match for all of Country Y?

But what he didn’t know was that at that moment, Xiao Ruize was sitting in Huangming’s reception hall. Sitting across from him were numerous chairmen and general managers from Qianshi’s financial district.

Under the magnificent chandelier, Xiao Ruize crossed his left leg over his right and raised his glass. “Then, I’ll trouble you all to contact the other financial companies!”

The others immediately raised their glasses, smiling, “No problem.”

Xiao Ruize: “Then here’s to our success! Cheers!”

As expected, when Country Y’s financial circles learned that the troublemakers in their stock market were Chinese, there was an immediate uproar. When they further heard the opponent wasn’t some famous Chinese financial trader but just a playboy rich kid who’d never touched the stock market before, they laughed in anger.

“Our Country Y is at least Asia’s number one power, yet now even a small Chinese playboy wants to climb over us and lord it over us—do they really think our Country Y is still that small nation that let China bully it back then? Do they really think Country Y’s financial circles are dead?”

“Chinese people are as stupid and arrogant as always. He wants to harvest our wealth? Fine, we’ll make sure he never returns.”

Those market makers were even more furious. They’d originally thought this new major maker was a generous wealthy person willing to help them make money. Turns out he wasn’t from Country Y at all—he was willing to bring them along merely to use them to harvest their citizens’ wealth.

“Right, we absolutely can’t let him off.”

For a time, countless Country Y financial companies fixed their eyes on Jin Boshi’s movements. Of course, to prevent information leaks, they didn’t tell Country Y’s retail investors about this.

So on Monday, Country Y’s top ten tech companies’ stocks rose as scheduled. When Jin Boshi tentatively put out five billion yuan to short, Country Y’s local “market makers” again followed him in shorting.

Seeing this, Jin Boshi had no suspicions. He immediately threw out twenty billion yuan in the last five minutes before closing, smashing the top ten tech companies’ stocks into a straight decline. Country Y stockholders immediately began eagerly selling their holdings.

Then Jin Boshi decisively threw out 80% of his funds, buying large amounts of stock in the last minute.

“Good. He took the bait.”

In that last minute, Country Y’s financial companies made their move. One hundred billion yuan slammed down, and those ten tech companies’ stocks plunged another 10%.

This meant that in just one day, Jin Boshi not only lost all the previous week’s profits but also lost over seven billion yuan.

But it wasn’t over. The next day, the top ten tech companies’ stocks continued plummeting 12%. Only then did Jin Boshi realize what was happening. He tried to sell all his holdings to cut losses in time.

But no market makers took them, let alone retail investors—they’d been harvested too many times these past days. So on the third day, the top ten tech companies’ stocks continued plummeting 10%. On the fourth day, they plunged another 9%.

By then, Xiao Ruize had lost nearly sixty billion yuan.

Country Y’s financial companies knew their goal had been achieved. Most importantly, they couldn’t continue shorting the top ten tech companies’ stocks because they didn’t have much capital left either. If financial companies from other countries took advantage, they’d have no defensive capability.

So on the fifth day, the major securities companies that had lent money to Jin Boshi demanded he repay the loans and interest, or they’d directly freeze his accounts. Jin Boshi had no choice but to sell all his holdings at low prices.

By then, Xiao Ruize had lost over seventy billion yuan.

“Hahaha!”

Hearing this news, Lin Gaolang and others immediately burst into laughter. “As expected, Xiao Ruize only made so much money before because of momentary good luck.”

“See, Xiao Ruize is just a useless wastrel who succeeds at nothing but ruins everything.” “I don’t believe the Xiao family can escape unscathed this time.”

Sure enough, that day, those who’d invested money with Xiao Ruize all went to cause trouble at the Xiao family home. Immediately after, Haishi’s three major banks also came knocking, demanding the Xiao family repay the debt.

As news spread, that day, Xiao Corporation’s stock hit the daily limit down. For a time, rumors flew everywhere.

“How embarrassing—now all of Country Y knows about our Chinese wastrel rich kid who went to Country Y to short their stock market and ended up being counter-harvested for over seventy billion yuan.”

“More than that—the news has spread to Country H and Country R. Today some idiot used this news to mock me.”

“Poor Old Master Xiao—nearly seventy years old and still having to clean up after his son.” “Xiao Corporation’s victory banquet probably won’t happen now!”

But what they never expected was that after one day, two days, three days—even after Xiao Corporation’s stock had fallen 22%—the Xiao family showed no intention of repaying, and those families that lost money hadn’t actually clashed with the Xiao family with real action.

Besides shouting a few threats at the Xiao family on the first day, Haishi’s three major banks had gone completely silent. A strong sense of unease suddenly rose in Lin Gaolang’s heart.

Author’s Note:

Leverage trading is borrowing money to trade stocks. A simple example: Zhang San has 100,000 yuan. He goes to a securities company and signs a leverage agreement, using his 100,000 yuan as collateral to borrow 300,000 yuan from the securities company. This is three times leverage, and his capital becomes 400,000 yuan.

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