Wangcai continued, "Soros's cost of acquiring chips is getting higher and higher. I think it won't be long before they give up attacking the Hong Kong dollar because of the high cost."
As Chen Dong watched the numbers on the stock market fluctuate, he shook his head in a daze, "Relying solely on the Hong Kong Monetary Authority to prop up the market is not enough."
"The risks are too high, the costs are too high, and their efficiency in accumulating shares is too low. Compared with state speculators and hedge funds, they are using brute force, which is not worth mentioning at all."
Then, Chen Dong began to search his mind for a force that could help them acquire more chips.
"Find a way to contact the four major families immediately and tell them that the boss of Longteng Group wants to meet with them," Chen Dong instructed.
"A meeting with the four major families?" Wangcai asked, somewhat surprised.
The four major families control enormous wealth. If they could get the four major families to step in and support the stock market, it would give Hong Kong stocks an incredible amount of prestige.
"Go contact Li Jiacheng first," Chen Dong reminded him.
Li Ka-shing was an old acquaintance of his in Hong Kong, and Chen Dong thought that with Li Ka-shing acting as a go-between, the other three major families should give him face.
Soon, Li Jiacheng received a call from Chen Dong.
He asked with great surprise on the phone, "You're finally back! I thought you were dead!"
The senior management of Longteng had been claiming that Chen Dong was on vacation, a reason that Li Jiacheng naturally did not believe.
He asked Chen Dong directly over the phone, "Where have you been for the past six months?"
Chen Dong smiled bitterly, "It's too complicated to explain. I'm not calling you today to tell you about my experiences lately."
"Mr. Li, you must know that the Hong Kong stock market has been attacked by Soros' hedge fund. This matter has caused such a big stir, right?"
Li Jiacheng's voice turned serious, "Mr. Chen, did you come back for this matter?"
During the past six months, with the Longteng Group leaderless, numerous farces have occurred in Longteng, China, and Hong Kong, and Chen Dong has yet to appear.
Now that the Hong Kong stock market has been hit hard, he's back.
"To be honest, I'd like to ask you to act as a go-between and help me contact the four major families," Chen Dong said frankly.
“This is a big deal,” Chen Dong said solemnly. “Although the Hong Kong stock market is backed by the mainland, the mainland still needs the Hong Kong Monetary Authority to operate it.”
"Relying solely on the Hong Kong Monetary Authority to support the market is not enough; our main force is simply too weak."
Li Ka-shing fell silent on the other end of the phone. Chen Dong continued, "The Hong Kong Monetary Authority can only fight Soros by constantly throwing money and capital at him. But if the four major families are involved, we can make a fuss about other assets in Hong Kong and public opinion."
Li Ka-shing is a smart man; he understood immediately when Chen Dong pointed it out.
"Don't worry, you've helped me so much in the past, and I'll definitely help you now."
Chen Dong sighed, his voice weak, and said, "It's not to help me, it's to help Hong Kong."
There was a moment of silence on the other end of the phone, but Chen Dong quickly heard Li Ka-shing's laughter, "Yes, yes, yes! It's all for the sake of Hong Kong."
After hanging up the phone, Chen Dong slammed his fist on the table.
Lin Zhiyuan quickly went over to help him, saying, "You've just recovered from your illness, and you're worrying about so many things. You should rest first."
"My head just hurts a little. Maybe it's because I just regained my memory and then did so much mental work. It's really exhausting." Chen Dong said breathlessly, sitting in his office chair, completely drained of energy.
There wasn't much money left in the Longteng account. Now that the Hong Kong Monetary Authority was supporting the market, Wangcai and his team weren't worried.
Wangcai came out of the office, sighing.
Seeing his expression, Annie joked, "What's wrong? Are you still upset about those 40 billion Hong Kong dollars?"
"Of course I'm heartbroken. It's HK$43 billion! If we could have followed the bulls, we would have made a fortune by now."
Looking towards the boss's office, Wangcai sighed, "If Soros's hype succeeds, then all of our tens of billions of Hong Kong dollars will go down the drain."
“No, I trust my boss,” Annie said firmly.
"They have now started contacting the four major families, preparing to have them step in to support the market, and the Hong Kong Monetary Authority is also backed by the mainland."
Annie didn't fully understand the current situation of Hong Kong stocks, but she made a rough estimate: "I think... in just one week, by next Monday, the situation will definitely turn around."
"Next Monday?" A thought flashed through Wangcai's mind.
What's the date now?
"October 16th, what happened?"
“Next Monday is October 20th,” Wangcai muttered to himself. He suddenly remembered what Chen Dong had told him before: in 1987, the New York Stock Exchange suddenly began selling off stocks.
On that day, global stock markets, especially the Dow Jones Industrial Average in New York, led the plunge.
Hong Kong's stock market fell 420.81 points throughout the day, a drop of more than 10%. Affected by the plunge in Hong Kong's stock market, Singapore, Japan, Tokyo, India and other Asia-Pacific regions also fell into the same trap.
Panic quickly spread in the market, and in just one day, $500 billion evaporated from the New York Stock Exchange, triggering a financial downturn in global stock markets.
A week later, the Hang Seng Index in Hong Kong fell by 1,120.7 points, a drop of 33.3%.
This is the largest single-day drop in history globally.
The computer systems of the Federal Reserve and central banks around the world did not even have enough time to clear transactions, financial market funds shrank, and the panic selling further triggered the financial collapse.
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