Longteng previously made a lot of money in Europe and America, and indeed has a lot of foreign exchange.
Now is a critical moment of life and death. Chen Dong didn't care about calculating costs and told Wangcai directly, "Let's prepare $1 billion as a backing for the HKMA."
"clear."
After explaining the matter, Chen Dong quickly received a call from Li Jiacheng.
"Come to my house. The three major families have already accepted my invitation."
"Thank you, Mr. Li."
Li Jiacheng snorted and said, "Even if you don't invite them, I will still have a good talk with them myself. Guo Bingxiang has been coming to my door every day to ask for advice on stock market operations. He has almost worn down my doorstep."
Li Ka-shing has a lot of influence; he managed to gather all three major families in Hong Kong together with just one phone call.
On the afternoon of the 17th, after the Hong Kong stock market closed, the market will be closed for the next two days. Chen Dong met with the four major families.
Li Ka-shing's apartment building is magnificent and imposing; Chen Dong has visited it several times already.
When I first watched it, I found it quite novel, but now when I watch it again, I only feel a sense of familiarity and security.
Upon entering the hall, Chen Dong noticed that among the four major families, only Li Zhaoji had not come in person, but had sent his successor instead. The rest of the families had sent their respective leaders in person.
Moreover, this was not a formal meeting, so everyone brought their families. Chen Dong saw many people he had only ever seen in newspapers.
“Uncle Li, you called us all here just to see him.” Guo Bingxiang seemed somewhat unfriendly to Chen Dong.
Zheng Yutong was the most friendly. He smiled and pulled Guo Bingxiang aside, saying to Chen Dong in a very kind tone, "Mr. Chen, don't mind him. That's just how A Xiang is. He has a bad temper and is impatient. He's always been like this since he was a child."
Chen Dong smiled and said, "Don't worry, I won't stoop to his level."
Turning to look at Kwok Ping-cheung, a hint of disdain flashed in his eyes. "I heard that Mr. Kwok previously had someone from a brokerage firm help him buy 30,000 lots of Hong Kong stocks to go long, but ended up losing everything."
"30,000 hands!"
Chen Dong said coldly, "I've been in the financial field for so long, and I've seen all sorts of battles, but I've never seen such a small number of transactions before."
These words were a veiled insult, implying that Guo Bingxiang was a stingy person, which infuriated Guo to the point of fuming.
At this point, Chen Dong added insult to injury, "I heard that after losing money, you even ordered your agent to be fired?"
"The Hong Kong stock market has its ups and downs; there are profits and losses. Besides, didn't the broker help apply the brakes in time?"
"It seems a bit unfair to blame everything on the agent."
Guo Bingxiang realized that Chen Dong was deliberately trying to annoy him.
"Uncle Li, I absolutely cannot work with this kind of person. If you have hired him, then I can only wish you all a pleasant collaboration."
"I'm leaving now." Guo Bingxiang couldn't stand the insult and simply gave up.
The members of the four major families all work in Hong Kong and have close relationships. Today, Li Ka-shing personally invited them, and all the guests are prominent figures in their respective families.
"Don't go yet," Chen Dong called out to him. "Mr. Guo, I understand how you feel right now."
"What I just said wasn't meant to target you, but you belittled me as soon as you came in, so I was just retaliating in kind."
Today's meeting is hosted by Li Jiacheng. Although he takes good care of this young man, the families have gathered here today to discuss an important matter.
“Ah Xiang, aren’t you interested in Hong Kong stocks? Why don’t you stay and listen to what’s going on?” Li Ka-shing said.
Li Ka-shing's attempt to retain him was a way of giving Kwok Ping-cheung a way out. He rolled his eyes and sat down opposite Chen Dong.
"Gentlemen, the Hong Kong stock market has been turbulent lately. I've invited a few old friends here, and you should know what I want to say," Chen Dong said.
Upon hearing this, the members of the major families all nodded in agreement.
Chen Dong continued, "In a few days, it will be the tenth anniversary of Black Monday."
"Does anyone remember this day?"
Black Monday, when global stock markets were devastated, is known as the global stock market crash, a fact that anyone in business has heard of.
"I think the reason why Soros chose this particular moment to launch his attack on the Hong Kong stock market is perhaps because he saw the hype surrounding this special day."
Chen Dong solemnly stated: "The two major factors affecting the Hong Kong dollar market are the Hong Kong Monetary Authority's main force in supporting the market and the expectations of Hong Kong stock investors, international speculators, and short-selling institutions regarding the stock market."
"If Black Monday really does become a marketing gimmick for Soros, it also means that the Hong Kong dollar market is about to experience a downturn."
"My concern is that if international speculators and Soros's hedge fund join forces, the Hong Kong Monetary Authority alone will not be able to support the market."
"Because no matter how much capital the Hong Kong Monetary Authority has, the amount of capital it can absorb as an institution is limited."
Everyone present was intelligent, and after Chen Dong said that, they understood why Li Jiacheng had invited them here.
"We invited you all here today to ask the four major families to help support the Hong Kong stock market and protect it."
As soon as he finished speaking, everyone's expressions were very complicated.
Li Jiacheng, the representative of the Li family, said with some concern, "Mr. Chen, what reward will we get for helping you with this?"
A businessman is a businessman after all; all he talks about is profit.
Chen Dong lowered his head and continued, "There is no reward whatsoever, and we even have to pay a huge price."
As soon as the words were spoken, the heads of the four major families and their family members looked at each other in bewilderment.
"What do you mean? We're working for nothing?" Li Jiacheng, like Guo Bingxiang, was a young man of that generation, and he was also very impatient.
Chen Dong smiled dismissively and continued, "I'm afraid you all have no idea what the current state of the Hong Kong stock market is like."
"Perhaps you all think that as long as you follow Soros to short the Hong Kong dollar, you can even make a fortune in the Hong Kong dollar market."
"But have you all considered that the foundations of the four major families are all in Hong Kong? If the Hong Kong financial market collapses, your family fortunes will also shrink."
When their own interests were threatened, the other families began to get nervous.
Guo Bingxiang remained calm, and with a provocative look at Chen Dong, said, "Our family's assets are mainly concentrated in real estate and bonds. Even if the Hong Kong dollar depreciates, we won't lose much."
Chen Dong exposed his true colors at the very beginning of the meeting, which Guo Bingxiang naturally disapproved of.
Guo Bingxiang even reminded Chen Dong, "If the Hong Kong dollar depreciates, the housing bubble will inflate, which is also in our interest."
......
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