Chapter 879 - 355: He Lives It Up in the Capital City_2

Chapter 879: Chapter 355: He Lives It Up in the Capital City_2

"Bro, this isn’t a small project. How did you calculate it?"

"Bit by bit, I made a spreadsheet that’s twenty pages long."

"Awesome! Anyway, whatever Wanliu Capital’s situation, no conclusion yet, but it’s time for the fund to exit."

"Yes, the fund should exit first, and as for the rest, let’s wait and see..."

That day, Wanliu Capital’s four funds began to face large redemptions.

Luckily, Li Yang had taken out 500 billion beforehand, and the Extreme Shadow Group hadn’t taken anything away either.

That day, it went straight into process, and Wanliu Capital continued selling.

This time, the selling was much more aggressive, directly selling tens of billions bit by bit, the Shanghai Composite Index was just about to hit 3,500 points and was forcibly pulled down.

That day’s close, the Shanghai Composite Index fell by 3%, and the index dropped below 3,400 points.

The total trading volume for both markets breached 1.2 trillion, while Wanliu Capital reduced its holdings by 100 billion!

At 6 PM, Wanliu Capital announced its net value, with that day’s four funds dropping as much as five percentage points, and the least by three points.

The redemption applications reached 460 billion that day, but Wanliu Capital only approved 100 billion.

They approved the amount reduced, and the profits from Extreme Shadow Group’s money, Li Yang could use to hedge, but not without limits.

Within the rules, trying to ease the losses for the fund holders is doable.

A stampede is inevitable. Now is the time to lower the fund’s holdings, so it won’t be difficult to turn around next year.

Given Wanliu Capital’s current size, if next year the trading volume gradually dwindles, forget about cashing out 100 billion a day, even cashing out 20 billion would crash the stock market.

The market still has a good half-year, him pushing it down now is like a golden pit, let others earn the last bit of profit.

Starting next year, he won’t wade through the bottomless abyss with more than 2 trillion in funds.

The day after the divorce was officially announced.

Wanliu Capital continued to hit the limit down, trading volume that day reached 5.6 billion, and the market value dropped from 5 trillion to slightly above 4 trillion.

Both markets continued to plunge, many blue-chip stocks even hit limit down, dropping dozens of percentage points in just two days.

Wanliu Capital was still frantically reducing its holdings.

Far away in the Capital City, Jiang Baichuan sighed.

Wanliu Capital’s influence was too great; the market wasn’t just Wanliu Capital reducing holdings, many funds were following and fleeing.

This was just Wanliu Capital releasing the divorce news of Li Yang and Jiang Banxia, if they released other reports, having a thousand stocks hit limit down on the A-share market wouldn’t be a problem.

He knew Wanliu Capital had influence, but didn’t expect it to be this large.

An 80 trillion market, and a divorce can crash it for two days.

It might even crash for three days, four days...

Why is this?

Because those institutions overdid it before!

There’s a lot of profit-taking funds in the market now, and they are sensitive.

This moment, letting Jiang Banxia come out and say a few words is best, at least stabilize the market.

He was a hundred percent sure, this was orchestrated by Li Yang, Jiang Banxia wouldn’t be so aggressive!

...

At this moment, Jiang Banxia was madly buying into Bitcoin’s short contracts, essentially going long.

Accompanied by Bitcoin’s surge in recent months, attracting global funds.

In her view, this market movement started a bit late, once the Federal Reserve raises interest rates, global financial products will be affected; it’s hard for Bitcoin to stay high.

If it had started last year’s second half, reaching $30,000 per coin, she wouldn’t feel any pressure.

It only started officially breaking through $10,000 at the start of this year, by year-end, at most $25,000.

Even that she considered the craziest scenario, any slight internal divergence could make breaking $20,000 considered a volatile market.

In some ways, her advantage in Bitcoin was greater than in Boeing.

At least she didn’t have to worry about being monitored, and platforms could cover for her, allowing her to present any data she wanted people to see.

Li Yang said the Federal Reserve would raise rates, then they surely would—and quickly.

Perhaps at this moment, Wall Street was already preparing for the hike.

The meaning of a rate hike? Essentially, it’s about driving down the prices of others’ quality assets, then Western capital comes in to scoop up the deals, gaining value for money.

Like a factory valued at 30 billion, its operational listing value is 80 billion, but during the rate hike process, product won’t sell, defaults ensue, ultimately you can acquire it for over 10 billion.

Then, paired with a rate cut cycle, get the factory operational, package it for listing, and cash out 80 billion.

U.S. dollar rate hikes also come with a cost; without globally harvesting some assets, their debt holes will never be filled, bankruptcy is only a matter of time.

Now they can sustain with military power and financial hegemony, even with over $20 trillion in debt, people believe they can repay.

But when the debt reaches $30 trillion, $40 trillion, even $100 trillion, will anyone believe then?

If that time they remain strong, perhaps some will still believe, but the trust will undoubtedly take a hit.

Global quality assets are either under Western capital’s control or are domestic.

Jiang Banxia felt that with Li Yang here, domestically it would likely not be subject to harvesting, so Western capital will certainly target Bitcoin, maybe they’ve already acted.