“Besides, the devaluation of the Hong Kong dollar is in our interest.” Kwok Ping-cheung looked at the four major families, trying to get their support.
He then said, "Each of the four major families owns a considerable amount of real estate."
"If the Hong Kong dollar depreciates in the future, real estate prices will inevitably rise, which will only benefit us and not harm us."
As soon as he said this, the other family representatives lowered their heads. Zheng Yutong felt that Guo Bingxiang was too blunt, so she tugged at his sleeve and made him sit down.
Chen Dong then realized that all four major families had the same idea.
When the Hong Kong dollar depreciates, everyone will convert their assets into real estate, which will then enter a period of bubble expansion, leading to even higher property prices.
"It seems that even the most powerful business families are nothing more than a bunch of profit-driven people," Chen Dong said disappointedly.
Faced with this confrontation, Li Ka-shing gave Kwok Ping-cheung a look, and Kwok Ping-cheung quickly shut up.
Chen Dong naturally understood what these financial giants were thinking.
"The major families in Hong Kong have invested a lot in the financial industry over the years, and they all have a lot of money in their hands and have also bought a lot of real estate."
Chen Dong spoke in a calm tone, his face darkening considerably, "But everyone should think this through. Besides real estate, you all have assets in various industries."
"If the Hong Kong stock market collapses, Hong Kong will inevitably face a situation similar to the Southeast Asian economic crisis."
"When factories close down, companies lay off employees, banks go bankrupt, and the people of Hong Kong have no money left, will they still go out to spend? Will the assets you all hold still be profitable?"
Sitting in the opposing camp of the four major families, Chen Dong, an artist, earnestly advised:
"In the end, we all eat from the same pot. You all have substantial assets and extensive connections, so you have many backup plans."
"But think about it, are you really willing to leave this place?"
"If Hong Kong enters an economic crisis in the future, where will everyone settle down next? Will they retreat to Southeast Asia, or to Europe and America?"
The young people present all seemed indifferent, but Zheng Yutong truly took Chen Dong's words to heart.
"I know that at this time of year, advising everyone to go long on the Hong Kong dollar is indeed against the principle of self-interest."
Chen Dong sighed, "But everyone should remember that supporting the Hong Kong dollar is not just a business deal, but a major issue that concerns everyone's vital interests."
"Everyone in Hong Kong is eating from the same pot, but Soros, in the end, is someone who comes to smash the pot. He not only wants to eat from the pot of Hong Kong dollars, but after he finishes eating, he also wants to smash the pot of Hong Kong."
"Can everyone tolerate this?"
The four major families do indeed possess enormous wealth and have many backup plans.
However, the roots of the four major families are all in Hong Kong.
Guo Bingxiang's father passed away early, and Li Jiacheng's father, Li Zhaoji, has retired to the second line and no longer interferes in the management of the family business. However, both of these young men were born and raised in Hong Kong.
Regardless of whether supporting the Hong Kong stock market is profitable, they simply cannot let go of Hong Kong in terms of their feelings for the city.
After saying his last sentence, Chen Dong said, "In the end, everyone's foundation is here."
“I’m from the mainland, and I can tell you all that Soros is determined to take over the Hong Kong stock market this time.”
“Even though Hong Kong has been returned to China and has the mainland as a safety net, the Hong Kong Monetary Authority still faces risks if it wants to confront Soros head-on.”
After saying that, Chen Dong left Li Jiacheng's house.
This meeting did not go particularly smoothly.
Later, Li Ka-shing called and advised Chen Dong to relax, saying that he would continue to work on other families, and that Hong Kong was not just about these few financial giants.
Even by evening, Chen Dong still couldn't be sure whether the four major families would show up.
October 18th and 19th.
Since it's the weekend and the stock market is closed, everyone can finally breathe a sigh of relief.
Short-selling forces, financial giants, and major investment banks that have already entered the market are considering whether to further short-sell, while Hong Kong short-selling institutions and international speculative capital that have not yet entered the market are also observing the future prospects of the short-selling market.
Although Chen Dong met with the four major families, they did not express their opinions at the time.
After returning to headquarters, he remained anxious.
Maintaining the Hong Kong dollar market requires not only buying large amounts of Hong Kong dollars, but also simultaneously repurchasing heavyweight stocks to increase its holdings. For the Hong Kong Monetary Authority, this is a situation where it is impossible to fight against multiple forces.
There is only one official bullish institution in the Hong Kong stock market, while on the other side are Tiger Fund, Quantum Fund, Yellow River Capital, Asia Travel Capital, and a large number of international speculative funds standing behind them.
“Tiger Fund has a close working relationship with Soros; Soros is involved in almost every operation.” Chen Dong looked at Ma Guoliang and said, “Go check the company’s publicly disclosed investment portfolio.”
"yes."
Soon, Ma Guoliang received the results of the investigation.
"Tiger Fund's short-selling logic is to sell off large quantities of stocks to drive down the market, thereby suppressing stock index futures and creating market panic."
Ma Guoliang explained, "They increased their holdings by buying and borrowing heavyweight stocks, thus expanding their positions."
"This way, when he dumps shares, he has a significant amount of weight, which can be used as bait to throw them out."
“However…” Ma Guoliang said with some regret, “We can only find out where their funds go, but we can’t find out their company’s specific investment portfolio.”
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