Liu Zhengxiong was also forced into liquidation, hitting the bottom limit for several stocks. Ultimately, he only managed to cash out three hundred million in chips. That day, he lost another forty million in leveraged funds.
On July 1, the A-shares slightly dropped by three points. Liu Zhengxiong was officially liquidated of all his holdings on this day, losing eighteen million in leveraged funds.
From this point on, Liu Zhengxiong's stock market career ended.
On July 2, fifteen hundred stocks in the A-shares hit the bottom limit, marking the start of the stock market crash.
On July 3, fourteen hundred stocks in the A-shares hit the bottom limit.
On July 7, eighteen hundred stocks in the A-shares hit the bottom limit.
A thousand stocks hitting the bottom is now just a commonplace occurrence.
Liu Zhengxiong's hair turned white overnight because he was in debt by one billion four hundred million.
This doesn't even count the two hundred thirty million of his own capital.
