What's most infuriating is that several of Xing Baohua's listed companies suddenly plummeted at the close of trading in the afternoon.

That evening, many economic experts came out on the financial channel to give their opinions.

No one is optimistic about Xing Baohua's bet.

It's certain that someone present at the scene shared the news of Xing Baohua signing the contract with the media. In addition to the specific contract, his status as a member of a long-established aristocratic family was also revealed. One of the clauses was that, for the sake of currency security, the oldest form of paper contract would be used for the transaction.

Seven or eight years ago, the stock market and foreign exchange market were also paper-based. Although buying and selling was troublesome, Xing Baohua provided VIP service.

The operator only needs to negotiate the price in the contract, and the contract becomes effective immediately once the two parties involved in the betting process confirm and stamp it.

Why is Xing Baohua's approach viewed unfavorably? Some people have reported the conditions that the nobles offered Xing Baohua back then.

All the threats made it clear to ordinary people that Xing Baohua was being forced into this situation.

From a long-term perspective, once Xing Baohua loses, he will drain the listed company's resources, and those who understand this will start selling their shares.

Then more and more followed, leading to a sharp drop.

Fortunately, Huahong Bank did not experience a bank run; otherwise, Xing Baohua would have had to transfer funds from Europe to maintain operations.

He still has 10 billion yuan in funds as a safety net. If he loses and the news gets back, a run on the bank is likely to occur.

When the stock market crashed, Xing Baohua appeared at the company and told the people in the investment department to set a bottom line, buy back shares, and check if there were any short sellers.

They wanted to take advantage of the situation to short Xing Baohua's company stock. This was a speculative attempt to catch Xing Baohua off guard and prevent him from withdrawing his funds in time.

This is indeed a clever plan, but even if Xing Baohua is broke, he can still squeeze out a few billion yuan.

Xing Baohua hasn't even opened his mouth yet among the four major domestic banks.

The more prices plummet, the more likely they are to be overheated. Once they feel the price has bottomed out, they start buying back shares. Buying back shares is essentially buying more; the more shares they buy, the fewer shares remain in the market. When the price drops, the more likely it is to rise. Once the price reaches a certain multiple of profit, they start selling their shares.

This is the basic routine: if you're lucky, why not take advantage of the freebies delivered to your door?

The investment department and analysts are working overtime again. They need to calculate tomorrow's resistance levels, identify who holds a large number of shares in Huahong's branch offices, and so on.

We roughly calculate the volume of the sell-off and how low it will drive the stock price. Then we calculate at what stock price would be suitable for a buyback.

Xing Baohua stayed at the company until 11 p.m. before heading home. Xie Yingying stayed behind to work overtime, organizing various information to report back to him the next morning.

But tonight, trouble has struck again, with a localized financial storm sweeping towards Xing Baohua.

Mr. Su's fund team has arrived in Hong Kong, and the funds are in place and ready to enter the stock market at any time.

Buffett's team also entered Hong Kong, and large and small speculative funds from Wall Street also came over. No one unified them; they all consciously smelled the scent of money.

Xing Baohua was like wounded prey, drawn by the scent of blood on his body by the wolves.