The senior management in the office discussed for a long time whether to short or long, but no conclusion was reached.
At this moment, Chen Dong said, "If Soros succeeds, it will not just be a personal grudge between Long Teng and him."
"At that time, the crisis in Southeast Asia will be repeated in Hong Kong, with currency devaluation, factory closures, corporate layoffs, and bank failures."
Chen Dong couldn't articulate any profound principles, but he simply felt that Hong Kong had just returned to the motherland, and as Chinese enterprises, they absolutely could not stand by and watch the people of Hong Kong become victims of international speculative capital.
"Even if it's not for fame or profit, we must protect the Hong Kong market."
Chen Dong glanced at everyone in the conference room, and a powerful aura slowly rose up:
"Longteng and the Soros Group are old acquaintances. I'm really eager to meet this financial tycoon."
By saying this, Chen Dong had made his stance clear.
Wangcai was a pure stock market manipulator. After seeing Chen Dong's attitude, he felt somewhat disappointed. After all, according to rational judgment, short selling was the only option that would be more in the best interest of Longteng Group.
"You just mentioned the first step of the Soros Group's operation in the Hong Kong dollar market. What is the second step?" Chen Dong asked Wangcai.
Wangcai calmed himself down and continued, "Their second step was the Federal Reserve's intervention in the Southeast Asian financial market."
"Through political intervention, the Federal Reserve at the time signed economic aid agreements with the governments of Southeast Asian countries, so the fees and interest rates for trading dollar assets and dollar bonds were very low."
"Subsequently, they fueled the Southeast Asian gold market, and the Federal Reserve used dollars to acquire a large amount of foreign exchange. At the same time, through cooperation with the governments of Southeast Asian countries, they adjusted their own asset structures."
"The third step was for Soros, in conjunction with the private equity funds behind him, to aggressively suppress gold bulls, driving the price of gold down from $1,700 per ounce to $1,323 per ounce."
"Fourth, after Soros made a fortune, he left the Southeast Asian market. Later, the Federal Reserve made several verbal promises on a public platform in Southeast Asia, saying that it would make long-term investments and help Southeast Asia overcome the financial crisis."
"However, shortly after that, the Federal Reserve left Southeast Asia."
Hearing this, Chen Dong narrowed his eyes. "No, there should be a fifth step."
Everyone turned their attention to him and said in a deep voice in silence, "Soros must have done quite a bit of work in the Southeast Asian market."
Considering how quickly their attack on Hong Kong could proceed, Chen Dong could guess that they must have planned it in detail.
"The fifth step," Chen Dong added in front of everyone in the conference room, "is that when the gold rush was in Southeast Asia, everyone's attention was focused on the gold market."
"Hong Kong's Financial Secretary has repeatedly ordered the Monetary Authority to loosen monetary policy and to purchase Hong Kong dollars when selling them in a market bidding war with Soros."
"Because at that time, Soros Group's Swiss Ocean Bank was operating very high-profile in Southeast Asia, the Hong Kong Monetary Authority never expected that they would return to the Hong Kong market."
As Chen Dong recalled the entire scheme, he exclaimed in admiration, "Soros is truly a world-class stock trading genius!"
"When everyone was speculating on gold, the Hong Kong Monetary Authority thought that Soros had left and would not come back, so it sold off its Hong Kong dollars."
"In the meantime, Soros, through his various foundations, investment companies and banks, as well as speculators from all the countries he was connected with, quietly amassed Hong Kong dollar assets."
Upon hearing this, Annie realized, "In other words, they used the Southeast Asian gold rush as a shield to attract everyone's attention."
"At the same time, he secretly bought Hong Kong dollars, so now that he has so many Hong Kong dollars in reserves to squander when he shorts the Hong Kong dollar market."
Chen Dong nodded and said approvingly, "Building a position takes time, and operations also require preparatory actions."
"This attack by the Soros Group was definitely not a surprise attack; it was a well-prepared one."
"Excellent technique!" Lin Zhiyuan couldn't help but exclaim.
With his eyes closed, Chen Dong's mind kept flashing through familiar images. He had a feeling that he had dealt with Soros before.
He sensed that this enemy was extremely powerful. From raising the value of the Hong Kong dollar and the gold rush to returning to Hong Kong to short the Hong Kong dollar, not a single action was superfluous.
Soros and the private equity firms behind him have grown into a huge financial conglomerate.
They are disciplined, organized, well-funded, and powerful; they are indeed a financial behemoth that cannot be ignored.
Wangcai looked at Chen Dong and asked, "Boss, what should we do next?"
"Find a small securities firm, and open a few accounts at HSBC to buy Hong Kong dollars. We'll go long," Chen Dong instructed.
Unlike China, Hong Kong adheres to a free market policy, and the government cannot directly intervene in market fluctuations.
Therefore, even if Hong Kong is attacked by overseas speculative capital, the Hong Kong Monetary Authority can only intervene in the financial market by adjusting fiscal and tax policies, raising or lowering interest rates, and influencing investors' cost of building positions and market expectations.
However, the financial market in Hong Kong is currently a chaotic mix of various forces, including short-selling institutions, investment banks, private equity funds, and even shell companies. Whether they are shorting or going long, they will all have an impact on the stock market.
There are too many uncertainties in the financial market.
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