"… Urgent news just came back that Qingyun Group has been liquidated in the Chicago trading market. Not only has the $23.5 billion on the books been completely lost, but the liquidation has also resulted in an additional loss of $6000 million."

"The scale of its short orders in the Zhengzhou Stock Exchange and the Shanghai Stock Exchange is also as high as tens of billions, and the positions in the September delivery month have been applied for a one-week extension.

But it still didn’t help. Normally, the September warehouse inventory delivery should be carried out on the opening day of October 10 and 8. Qingyun’s application for cash difference compensation has been rejected...

After rigorous and detailed investigation, the actual situation is more serious than expected. Qingyun still holds more than 50 tons of cotton short orders. Once the market opens, it will face huge pressure to buy more. "

Such a big thing happened in the financial market. Although only a private enterprise went bankrupt, the series of impacts it caused cannot be ignored by everyone.

The Magic City took emergency action, and Yanjing was also not idle. A giant personally came forward to convene relevant departments and sit down to discuss solutions.

The meeting became intense from the very beginning.

Because the basket is too big, it is beyond everyone's ability. Even if one is in a high position and has great power, facing the dilemma of having no rice to cook, one cannot conjure cotton out of thin air.

A tiny piece of cotton affects the vital interests of hundreds of millions of people. If something goes wrong, the entire textile industry will experience a chain reaction of collapse.

For example, leaders from the Development and Reform Commission and the State Grain and Oil Reserves Administration said bluntly at the meeting, "It is not just the Qingyun Group that has collapsed, but the entire agricultural product pricing system.

The Finance Department and the China Securities Regulatory Commission must come up with practical measures and launch rescue operations immediately!

We have no way to influence international agricultural product prices, but domestic futures prices must be stabilized, otherwise all upstream and downstream companies in the industry will be affected.

That’s tens of millions of people!”

The leader of the finance department frowned and said, "The money can be given at any time. Qingyun has more than 100 tons of gold and more than tons of silver in the Agricultural Development Bank and the China Development Bank.

Using them as collateral, we can immediately arrange a loan of more than three billion US dollars, but what the market lacks right now is not funds, but confidence.”

The CSRC bosses who attended the meeting were forced to come forward and say, "Let's arrange for the exchange to issue a notice to increase the long margin first to prevent more people from participating...

However, these are only temporary solutions and do not address the root cause. The ultimate problem is that the National Reserve Bureau’s strategic reserves are not sufficient.

Speaking of this, who allowed you to disclose confidential inventory data without permission?

There was no prior notification, and no proactive approach was taken afterwards."

The leader of the National Reserve Bureau was embarrassed and looked up at the giant, who was drinking tea.

He glanced at his direct supervisor in the Development and Reform Department, who was carefully copying the meeting minutes.

Due to the principle of confidentiality, I dare not reveal the truth and can only bite the bullet and stammer to explain...

"The cotton price has collapsed, and Qingyun is finished."

After the meeting, the news spread like wildfire that the State Reserves Bureau, the Foreign Trade Department, and the Finance Department, in coordination with the Foreign Affairs Department, were aggressively purchasing cotton and other key agricultural products and raw materials internationally to fill their inventories.

The matter is public and has been widely reported in the news media. Even with all their inventory, several major cotton exporting countries in Central Asia are unable to meet the huge domestic demand.

The cotton stocks held by the four major grain traders could not be sold at this time. They were holding on to their bargaining chips, ready to swallow up the entire textile industry.

All stakeholders who got wind of this knew one thing clearly: the market bears were doomed.

Everyone is eagerly waiting for the opening of the domestic futures market. Even if the long margin is increased from 5% to 20%, it cannot stop their desire for wealth.

Those with connections had already participated in the Chicago agricultural product transactions through overseas accounts.

Go long, go long with your eyes closed!

Buy it and earn it!

The four major grain traders would not miss this once-in-a-lifetime opportunity and joined hands with top investment banks to reap the benefits repeatedly in the market and make a fortune.

By taking advantage of the price difference through short-term high-frequency trading, small retail investors are constantly driven out of the market. Countless speculators with insufficient financial strength have lost all their money in the price fluctuations of more than ten dollars.

Without strength, even if you can see the general trend of rising prices, you will not be able to make money, because with the slightest effort of big capital, the terrifying fluctuations are enough to cause highly leveraged investors to go bankrupt in an instant.

This is the result of the deliberate restraint of the four major grain traders. If it had been the case in the past, they would have arranged short selling earlier and started the reverse harvesting mode to reap the fat.

Their ultimate goal is to wait for the opening of the Dongda Trading Market, strive for a fatal blow, send the entire textile industry to hell, and then take control of the life and death of the entire industry...

"Mad, I regret it!"

Small retail investor Wang Xiaoyu felt like crying as he watched his overseas trading software being forcibly closed.

During the National Day Golden Week, the domestic trading market was closed. He was bored and posted messages in various trading groups. As a result, he saw many people discussing the skyrocketing market in Chicago.

One person talks about how much money he made, another regrets not investing enough. In short, the implication is that it is as easy as picking up money.

I couldn't help it, I couldn't help it at all.

He also has an overseas trading account and has occasionally participated in foreign exchange trading before, but he was very cautious and did not pay much tuition.

Seeing such a hot scene and everyone's solid analysis, he finally couldn't help it and exchanged 10,000 US dollars to invest it.

It was fine at the beginning. U.S. cotton prices soared 1.3% across the board that day. By the closing, he had entered the market with a 5% position and made a profit of thousands.

"Hey, it's good to earn some pocket money."

At that time, he had a good idea and wanted to make $30,000 to $50,000 on the foreign market during the holidays.

The next day, the price continued to soar and made a profit again.

On the third day, the price went up again. This time he couldn't hold back and started adding to his positions based on his floating profits. At one point he held 80% of his positions. Every rise brought him considerable profits, which almost made him smile to his heart's content.

However, as time goes by, joy turns to sorrow. Just one minute after the market opened on the third afternoon, a massive amount of short orders came crashing down, instantly driving the price down by more than 1%.

His positions were almost fully occupied, and he suffered huge losses before he even had time to react. The stop-loss line he set could not be executed at all because the current matching bid was directly broken through by a large number of low prices.

Half of the position is profitable, but full position is a loss. Not only did you lose all the money you worked hard to earn in an instant, but you also lost part of your principal.

Unable to bear the torture, he was forced to cut his positions and stop losses.

Looking at the account with only four-digit funds left, Wang Xiaoyu felt so regretful. Losing money was a small matter, but not controlling one's hands and speculating was a big deal. This clearly went against his operating guidelines and he was very distressed.

He decided to stop in time and regard the losses as tuition fees.

But once people have tasted the feeling of getting rich quickly, and are on vacation with no other entertainment options, how can they resist not participating?

On the fourth day, after watching for a while, he couldn't stand the boredom anymore and entered the market again.

Still going long, still using the same routine, the price continued to rise sharply, and the principal once recovered to more than US$1.

He learned his lesson this time and resisted adding to his position.

"As long as you don't fill your warehouse, I'll see how you can harvest me."

With this thought in mind, Wang Xiaoyu's investment account balance increased little by little.

Then~
Nothing more.

Because people in the group kept taking screenshots of dividend reports, there were many people making tens or even hundreds of thousands of dollars, as if pie in the sky, and everyone could get a share.

There were many people who deliberately tagged him, and when they learned that he only earned one or two thousand dollars, they all started to mock and belittle him, complaining that he could not make any money in his prime position.

In fact, the trading market is all about praising the powerful and bullying the weak. Everyone has some money and lives a wealthy life without worries about food and clothing. They brag and chat in groups with strangers, just to show off.

Even if you lose money, you have to pretend to be making money. Besides, everyone is making money now, so how can you distribute this little profit?
Wang Xiaoyu was so angry that he wanted to smash his phone. Why could these people make huge profits, but his position would be liquidated due to a pullback?

Unbearable, no need to endure.

That night, Wang Xiaoyu gritted his teeth and directly transferred more than 2 US dollars into the account. Together with the remaining principal, he made up a total of US dollars. He leveraged it and went long. He had to be firm in going long.

Fortunately, it was rising all the way in the beginning. After trading sideways for a while every hour, the curve kept moving upward steadily. Wang Xiaoyu finally breathed a sigh of relief as he watched the account balance increase.

He took a screenshot and posted it in the group. After receiving some mild praise, fate seemed to be playing a big joke on him.

On October 3, the last day before the domestic market opened, a terrifying short order suddenly appeared, which pushed the cotton futures price down by more than %. All his profits and principal were wiped out in an instant.

At this time, the whole world was shocked beyond words. Even the traders of the four major grain traders stared at the market in amazement. "No, just place some orders to prepare for repeated harvesting with the big capital.

How could the market produce such a huge chain reaction?
What went wrong?

Little did they know that these were tens of thousands of bullish option accounts held by Qingyun Group, and they were being liquidated in a centralized manner. Fortunately, the discovery was made in time and the investment team suspended subsequent liquidation actions.

Otherwise, today's drop would not be as simple as a 3% drop, it might even hit the limit down.

This is why it is easy to be targeted if you hold too heavy a position. The market is concentrated with long orders, and all profits are book surpluses. You can close your positions, but you have to ask whether the market has enough capacity to take over.

Fortunately, Qingyun Group's investments are diversified, and most of them are long options signed with financial institutions. After the financial institutions earn fees and commissions, they will also hold a corresponding number of long orders in the market.

In addition, Qingyun entrusted more than a dozen banks to hold multiple orders for agricultural products on its behalf. The number was so large that outsiders could not understand it at once.

On the 7th, a tentative closing of positions was carried out, and billions of dollars of long orders were poured into the market in an instant. No one could take them all. This also directly led to the subsequent long options being forced to close positions through offline agreements.

Just as the market was in an uproar and everyone was investigating what had happened, the entire Qingyun system was also making final preparations before the decisive battle.

Almost endless cotton reserves are transported from the Zhanjiang and Lianyungang ports and delivered to designated warehouses on standby via vehicles dispatched by Qingyuntongda.

One million tons, two million tons, three million tons. As each secret warehouse was filled, the balance of victory tilted towards Qingyun Group and the National Reserve Bureau...

"I'll see what you can find out in one day. Once the market opens tomorrow, I'll give you some fuel. Go ahead and raise the price. Only a daily limit can attract more people's attention."

Li Zehua looked at the Chicago cotton futures data which continued to rise sharply and smiled happily.

The bullish options held by the group were still being slowly closed, but with the support of the four major grain traders, the price was slowly pulled up until around two o'clock in the afternoon.

All open options have stopped trading in preparation for the decisive battles on the 8th and 11th.

The previous short position loss of more than 20 billion US dollars is no longer taken seriously by him. As for the loss of more than 6000 million US dollars, it is not worth mentioning.

The higher the price goes, the happier he is.

"The feedback from the tentative attack was very ideal. International hot money rushed into the market like crazy to take over the shares, and the price was pulled back in just over ten minutes.

Arrange those accounts that have not been exposed yet and don't take any action for the time being. The only thing to do now is to wait quietly.

Contact the bank, prepare all the required accounts, arrange someone to each account without leverage, and sell a short option to test whether normal trading can be carried out.

Use all the funds recovered from closing positions to ensure that each account has sufficient funds available by then.

All the long options originally used for mortgage reinvestment were released from mortgage status with the bank to ensure that they could be sold at the first opportunity...

These days, I have tried my best to act with everyone, and I didn't even dare to make a public statement at the opening ceremony of the 3Q war at the end of September.

Notify the technical department and be on call at any time. Once there is a change that is beneficial to the group, immediately launch the WeChat computer interoperability version...

Contact the National Reserve Bureau and the proprietary investment departments of the five major state-owned banks. We can enter the market on a large scale tomorrow. I want to see the domestic market reach the daily limit in the first minute of opening..."

Lin Wenhui was recording rapidly on the side, while Wang Fei transmitted the instructions to every corner of the world through internal encrypted channels.

Following Li Zehua's order, the entire group's huge machinery, in conjunction with the even more powerful national machinery, began to operate frantically.
……

"The data released by the State Reserves Bureau has been verified by many parties and is accurate. In the past three or four months, they have purchased hundreds of thousands of tons of cotton through the open market.

Including inventory, it should be between 140 and 160 million tons, but consumption is greater because cotton futures prices continue to rise and companies have a tradition of buying on dips to ensure safety inventory.

More than half of the cotton sold by the State Reserves Bureau through public channels was bought by textile companies, and less than half remained.

In addition, we successfully blocked Qingyun’s short selling in the futures market in September, and the required liquidation scale on the books was more than 50 tons, which just matched the outbound data at the end of September.”

In Yanjing, in the office of the chairman of Lianxiang Investment, Yang Yuanqin listened to the report from his subordinates and sent them out casually.

"I understand everything now. The State Reserves Bureau and Qingyun overestimated their capabilities and attempted to interfere with normal market behavior. Now, they have lost the last 50 tons of inventory to us."

Lu Zhiqiang laughed loudly, "Now we are insisting on spot delivery and will never allow them to take back this part of the inventory.

How can they last a month with the remaining 20 tons of inventory?”

Guo Guangchang also smiled and said, "We have bought all the stocks on the market that can be sold in advance, and we are holding the remaining stocks and waiting to sell them at a good price.

As soon as the market opens tomorrow, we will immediately push the price to the upper limit, which is close to 3 per ton. Unfortunately, the 9th and 10th are weekends, so we have to take two more days off.

Otherwise, it would be no problem to push the price up by several daily limits in one go, and directly reach 40,000 or 50,000 per ton."

"Take your time. It will be no problem to reach 5 this month. We will then use the profits to cooperate with foreign capital to acquire core assets in the textile industry."

Yang Yuanqin was also all smiles. It was the first time he smiled so happily since Liu Aiguo was arrested. "Then the processing link will be in our hands, and the consumer market will be in the hands of foreign capital.

Downward, growers can be harvested continuously.

Going forward, we can force the higher-ups to give up their share allocations, and with the cooperation of Sita Capital outside, we can gradually take over the export allocations of those large state-owned factories.

In less than two years, the entire textile industry will be under our control.

Moreover, this time, I will ask the higher-ups to pay a greater price, for example, releasing Liu Aiguo.

He is my guide. Now that he is old and should be enjoying his retirement, he is locked up because of someone’s selfishness. I heard that he can’t even get enough food to eat.

How can I bear this!"

This is a bit exaggerated. After all, the food is enough to fill you up, but it lacks oil. Liu Aiguo is old and used to fine clothes and delicious food, so he really can't swallow it.

“Once our plan is successful, there will be no problem for Old Liu to come out smoothly.

The most important thing is that if the cotton price really rises to 50 or yuan per ton, the State Bureau of Grain and Oil will definitely not sit still and will definitely take back the tons of cotton from Qingyun Group.

We can take advantage of this opportunity to control Qingyun. He has no goods in hand, and as long as he holds on to his promise and refuses to let go, Qingyun can only snatch the goods from the market at a high price to complete the delivery.

As it is a special time period, the higher-ups will definitely compromise and offer preferential terms in exchange for supplies from the four major grain traders to avoid the collapse of the industry.

Therefore, Qingyun has no chance to default on its debts. 50 tons means to billion yuan of funds, plus their losses overseas, they will immediately fall into a liquidity crisis.

Moreover, his purchase of high-priced goods in the market will indirectly push up the price of cotton, making it easier for us to cash out our long positions.

We will mobilize our connections and have the financial system intervene in the debt collection process in advance. With a three-pronged approach, we guarantee that we can kill him this time!"

"Mr. Ma will come over from Qiantang in the evening. He has only one idea. If this goes through, Taotao will merge with Pinxixi, Cainiao will merge with Fengniao, and Alipay will merge with Weifuzhi."

Before the matter was successful, Guo Guangchang could not wait to start imagining sharing the joy of Qingyun, "In return, Mr. Ma is willing to give out a certain percentage of the shares of Paysafe and Cainiao.

Low price for everyone to subscribe.

The Fuxing Group just needs to barely take over Qingyun Real Estate and Properties, and at the same time get Qingyun's shares in Yida, Yongchuang and Longfor.

I am not doing this for myself, but to find a suitable channel to the sea for everyone."

Yang Yuanqin did not refuse, but just said: "Yunyunbang, Shunfeng Travel, Qingyun Electronics, Lian wants it."

Lu Zhiqiang didn't care. "It doesn't matter to me. Just give me the shares of Qingyun Great Eastern Insurance and CICC International. I can get a share of the rest."

The long-unseen founder of the Taishan School, Duan Lao Da, chairman of the Sitong Group, knocked on the table and said, "We'll talk about the specific allocation after the stock price reaches the daily limit tomorrow.

With such huge interests involved, it is not something that we can handle at will."

Everyone has no objection, just make your attitude clear first...

And as all forces act together.

On October 10, just one second after the morning session opened, all cotton varieties involved in November delivery hit the daily limit!
Even Jack Ma, who never participated in financial speculation, couldn't help but applaud, "Qingyun's death is today!" (End of this chapter)