Chinese Billionaire Bian Ximing Eyes Silver After ₹21,000 Crore Gold Profit

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News18•06-02-2026, 20:38
Chinese Billionaire Bian Ximing Eyes Silver After ₹21,000 Crore Gold Profit
- •Chinese billionaire Bian Ximing earned ₹21,000 crore from gold investments by predicting price surges.
- •He took a bullish position on gold contracts on the Shanghai Futures Exchange (SHFE) from early 2022.
- •After massive gold profits, Bian is now placing a heavy bearish bet on silver, anticipating a quick price fall.
- •He holds the largest net short position on silver on SHFE, with approximately 30,000 contracts (450 tons).
- •Bian operates his business from Gibraltar through his brokerage firm, Zhongkai Futures Co., and remains out of the public eye.
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