"Hong Kong and Southeast Asia are interconnected. If, after the gold rush financial bubble bursts, they turn around and bite us..."
Although Yang Fugui wanted a promotion, he still felt a strong sense of responsibility towards Hong Kong's financial sector.
"If HSBC also opens up gold trading to Southeast Asia, are you confident that you can sell your long positions before Soros back down?" Yang Fugui asked.
Investment is inherently a matter of both risk and reward. After thinking for a moment, the head of the Hong Kong branch said, "According to the Federal Reserve, they will implement a series of economic aid policies in Southeast Asia."
"I believe that even with Soros causing trouble, we should not be trapped by investing gold in Southeast Asia."
After Soros's disruptive visit to Hong Kong, Du Xingzhi gained considerable confidence in the Hong Kong stock market.
"Hong Kong has been successfully returned to China. If the sky were to fall, the mainland would be there to hold it up."
He said to Yang Fugui, "Besides, we don't need to be too sensitive about Soros and his group. This is just a normal business investment activity."
"Since Soros wants to profit from the bulls, we should try not to linger in the battle, and after deploying a sufficient amount of gold, we should withdraw as soon as possible."
After Du Xingzhi finished speaking, he looked at Yang Fugui, trying to get his opinion with his eyes.
The gold rush has been going on for over half a month, and after two weeks of frenzy, the price of gold is currently fluctuating around $1,600 per ounce.
The gold in HSBC's inventory was originally purchased for less than $1,000 per ounce.
This was too tempting for them.
Especially since, in order to safeguard currency security, the Hong Kong Monetary Authority and the Financial Secretary confronted Soros head-on in the stock market, snapping up a lot of Hong Kong dollars, and now they have a large funding gap.
After a brief consideration, Yang Fugui finally relented: "Since there is such demand in the market, then we will go with the flow."
......
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