玩转金银铜，大赚360亿，“北京大空头”横空出世

Core Viewpoint - The article highlights the remarkable trading strategies of Bian Ximing, the controlling person of Zhongcai Futures, who successfully capitalized on the silver market crash, achieving significant profits through strategic short positions and demonstrating a shift in global commodity pricing power towards Chinese capital [4][50]. Group 1: Silver Market Crash - In early February 2026, the global silver market experienced a dramatic crash, with prices plummeting 40% from a historical high of $120 per ounce within three trading days [2][4]. - Zhongcai Futures, under Bian Ximing's control, established large short positions before the crash, resulting in profits exceeding $500 million (approximately 3.6 billion RMB) [4][18]. - The firm held short positions equivalent to about 484 tons of silver, with a nominal value exceeding $1.5 billion at the time [13][14]. Group 2: Investment Strategy and Background - Bian Ximing is recognized for his strategic foresight, having previously achieved nearly $5 billion (around 36 billion RMB) in cumulative investment gains over three years through various commodity trades, including long positions in gold and copper [4][21]. - His background as an industrialist provides him with unique insights into the supply-demand dynamics of raw materials, which he leverages in his trading strategies [29][31]. - Bian's approach contrasts sharply with past speculative attempts to manipulate markets, as he focuses on market fundamentals rather than attempting to distort prices [35][36]. Group 3: Shift in Commodity Pricing Power - The article suggests that Bian Ximing's actions signify a broader awakening of Chinese capital in global commodity pricing, traditionally dominated by Western financial institutions [50]. - This shift indicates a potential change in the logic of commodity pricing from being driven by financial speculation to being influenced by industrial supply-demand and macroeconomic expectations [51]. - Bian aims to achieve a profit target of 36.74 billion RMB by 2032, reflecting his confidence in his strategic approach to the market [51].