"So, nowadays everyone in Hong Kong is afraid of the mainland, but everyone also yearns for it."
Du Xingzhi sighed. "The Financial Secretary has proposed that the Hong Kong Monetary Authority lower interbank lending rates."
"But we all know that once interbank lending rates are lowered, Hong Kong's financial tycoons, as well as investment companies and investment banks in Southeast Asia, will definitely buy up large amounts of borrowed funds."
Li Ka-shing is also a financial tycoon in Hong Kong. Du Xingzhi only complained a couple of times before he understood the current predicament of the Hong Kong Monetary Authority.
Soros and Asian capital, one shorting and the other going long, it's clear to anyone with eyes that they want to turn Hong Kong's financial market into their next arena.
"Are you afraid that Soros's bullish stance is merely a ploy to increase the value of the Hong Kong dollar, allowing it to depreciate further?" Li Ka-shing asked.
Du Xingzhi nodded silently, "The upside potential of the Hong Kong dollar is limited, but the downside potential... depends on our determination to support the market."
"Although the mainland has promised that we will take responsibility, Hong Kong has not yet been returned to China. Even if they want to intervene, they can only do so through our own efforts."
Li Ka-shing was also troubled. He sent many of his men to look for Chen Dong, hoping to get Chen Dong to act as an intermediary between Hong Kong and the mainland, but Chen Dong had been missing for so long.
He also began to wonder whether Chen Dong was alive or dead.
“Chen Dong, a major tycoon from the mainland, is one such example. If he had stepped forward to take charge, the situation in Hong Kong would at least not be as turbulent as it is now,” Li Ka-shing remarked.
......
Longteng Group Headquarters.
Annie and Wangcai formed a high-level committee to replace Yulia and take charge of the Longteng Group.
They were all afraid that they couldn't shoulder great responsibilities, so whatever decisions they made at Longteng Group, they prioritized stability.
As for the recent stock market turmoil in Hong Kong, if Chen Dong were present, he might have ordered his subordinates to invest. However, in order to maintain stability, Annie and her team have hardly participated in the Hong Kong stock market.
Therefore, regardless of how the Hang Seng Index changes, they are just bystanders.
Seeing Wangcai bring the latest data, Annie smiled helplessly, "Weren't Soros and Asia Travel Capital in cahoots? How come they've become rivals now?"
Wangcai explained, "On the surface, they are rivals, but in reality, they complement each other."
"Although Soros has experience attacking the currencies of several Southeast Asian countries, Hong Kong is different from those Southeast Asian countries."
"The four major families in Hong Kong are closely connected, and the social foundation of Hong Kong's stock market investors is also very deep. They share the same cultural background and way of thinking, and the stock market investors are relatively united."
"However, Southeast Asia, due to its geographical location, has been in a state of separation for a long time in history. Ethnic groups, religions, and cultural backgrounds, including local Chinese capital, foreign capital, and local capital, are intertwined, making the internal situation complex and chaotic."
"It is precisely because of this chaos that market sentiment is more easily manipulated."
Wangcai pointed to the market trend on the computer and said, "What the Soros Foundation wants to do is disrupt the market and get a share of the profits."
"If they disrupt the Hong Kong market from the outset, they will be unable to incite more investors to follow suit."
"Therefore, he must first set up a scheme to get some investors to follow suit, and then use his control over financial institutions and private equity funds to manipulate the market and lure retail investors into the market."
Zhou Huimin listened from the side, and although she did not participate personally, she was still terrified.
"The financial market, in the end, is also a battlefield of human nature."
Soros's foundation has been in the market for ten days, and since then, the Hong Kong dollar has been soaring.
Although the increases are not large, they become very noticeable when applied to investments in the tens of billions.
Looking at the support line of the stock market, Lin Zhiyuan said with some concern, "I'm afraid the Hong Kong Monetary Authority might lose its composure and try to take advantage of Soros's influence to raise the value of the Hong Kong dollar."
"At that point, it will be hard to tell who will be using whom."
Amway nodded, and then Wangcai said, "If that's what the Monetary Authority is thinking, they're very likely to lower interbank lending rates."
"This way, when Soros's foundation buys Hong Kong dollars again, there will be fewer obstacles and the cost will be reduced."
Lowering interbank lending rates will attract more retail investors to the market.
Those who are bullish are generally investors who predict an increase in the market value of stocks and have extremely high expectations for the market.
They deposit a margin with a securities company or bank, borrow stocks from the bank or securities company, and then sell them; this is essentially "selling borrowed stocks".
Then, through speculation or by following certain market rules, the stock price is driven up to a high level.
They will sell their stocks once the Hong Kong dollar exchange rate reaches their expected value.
Finally, the cost of closing out the position will be returned to the bank or securities institution.
Speculators profit from the difference between the selling and buying prices.
Stock trading, stock trading, it's all about the price difference.
However, governments around the world often impose restrictions on stock market manipulation in order to maintain the stability of their domestic financial markets.
Many methods of stock manipulation exist in a gray area.
Therefore, it is essential to have professional personnel to control the direction in the middle; otherwise, it is very likely to fall into a legal trap.
Soros and his group are people who walk in the gray area, licking blood from the edge of a knife.
In the afternoon, after the Hong Kong stock market closed, the Hong Kong dollar had risen to 7.431, an increase of 6% from the previous trading day.
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