Based on the above speculation, Chen Dong thought that the agreement between Asia Travel Capital and Soros might only be verbal.
“The short selling orders of Asia Travel Capital are registered under the name of Asia Travel Company, and Asia Travel Company itself funded the purchase,” Chen Dong asked tentatively. “You should have the right to decide whether to sell or transfer these short selling orders.”
Xiang Feng had been in the business world for over a decade, and after hearing Chen Dong's words, he immediately understood what Chen Dong meant.
"You mean, you want Asia Travel Capital to resell this short-selling order?"
Chen Dong immediately expressed his willingness, saying, "As long as Asia Travel Capital is willing to make a move, our Longteng Group is willing to take over."
"We must ask Delimu about this matter first."
As for Xiang Feng personally, he was extremely reluctant to deal with the Soros Group. Right now, their short-selling orders had become a hot potato, unable to protect them and instead becoming a burden.
Xiang Feng had long wanted to sell these short positions.
“We have 9,000 short-selling orders in hand. Are DragonMotion willing to take on such a large order?”
Seeing that they were about to achieve their goal, Chen Dong smiled and said, "As long as Asia Travel Capital is willing to transfer your short selling orders to Longteng, we will buy these short selling orders at market prices."
"Furthermore, we will lend Asia Travel Capital a short-term working capital to help Asia Travel Capital raise funds for a rights issue."
“I will ask my teacher, Delimu, to give it serious consideration,” Xiang Feng said earnestly.
The Southeast Asian currency market remains sluggish, and many local investment companies in the region are facing survival challenges.
In the Southeast Asian market, they can't ask anyone for help because no one in the region is doing any better than anyone else.
However, if Asian investment banks can secure corporate support from companies in China, that would indeed be a rare opportunity.
In contrast, within the United States, the Federal Reserve increased dollar liquidity and adjusted its domestic inflation through a series of operations in Southeast Asia.
At the same time, the Federal Reserve bought domestic corporate bonds through continuous money printing to help bankrupt companies restructure.
This created jobs, and the unemployment rate dropped significantly in a short period of time.
Looking at global stock markets, the US dollar remains the dominant force.
Because of the extensive business ties between the United Kingdom and Hong Kong, the British pound is heavily influenced by the Hong Kong stock market. When the Hong Kong dollar depreciates, it directly affects the exchange rate of the British pound against the US dollar.
Taiwan, due to its geopolitical situation, is also affected by the rise and fall of Hong Kong stocks.
The Taiwanese leaders' extravagant "foreign policy" has led to close business ties between their island's businesses and industries and economically powerful Asian countries such as Japan and South Korea.
This has created a situation where the various parties influence each other in industries such as entertainment, shipbuilding, seafood, and fruit.
The depreciation of the Hong Kong dollar has lowered the exchange rate of the New Taiwan dollar, which in turn has a real impact on the exchange rates of the South Korean won and the Japanese yen.
In other words, it's not just Southeast Asian countries that are suffering; Hong Kong's stock market has also been severely damaged due to Soros leading a large influx of international speculative capital to dump shares.
Even with the support of the four major families, the Hong Kong stock market is only kept from collapsing; however, the surrounding regions and countries are being affected one after another.
Southeast Asia first experienced a currency crisis due to short selling of its currencies, followed by a gold market rally that resulted in Soros and the Federal Reserve reaping huge profits from gold bulls.
Nowadays, governments in Southeast Asian countries are starting to give up, and domestic businesses of all sizes are barely surviving.
If it weren't for the mainland's backing and the protection of the Hong Kong Monetary Authority and the four major families, the Hong Kong stock market would have long since become a financial hell, just like the Southeast Asian stock market.
If Chen Dong wants to protect the Hong Kong stock market, he can only stand on the defensive. Now that the Hong Kong Monetary Authority has introduced a policy to adjust the maximum interbank lending rate, retail investors and short sellers are withdrawing from the market.
Increased costs and heightened risks have rendered even the leading short sellers ineffective.
However, Soros showed no intention of leaving Hong Kong.
Lin Zhiyuan said with some concern, "Soros has plenty of leverage. He has a strong influence and considerable power among international speculative capital."
"In other words, he doesn't necessarily have to use his own chips or his own money to dump the shares. He only needs to tell the people below him, and international speculative capital will immediately swarm out and flood into the Hong Kong futures market."
Chen Dong frowned; the confrontation with Soros was simply too mind-bending.
“Soros is on the offensive; he can attack or retreat at any time,” Anne complained. “But we’re on the defensive; we can only defend when he attacks.”
"But... if any mistakes or oversights occur and the Soros Group discovers our weaknesses, even our most formidable defensive measures cannot withstand the simultaneous attack of global speculative capital, international hedge funds, and all international investment banks."
That's a very realistic statement. If Hong Kong becomes meat on the chopping block of international speculative capital, international speculative funds from various countries, for their own interests, probably won't give China any face.
Now that Hong Kong has just returned to China, international political figures are eager for large-scale unrest to occur immediately after the handover, because only in this way can they easily smear China's reputation.
Chen Dong closed his eyes and recalled the Hong Kong dollar turmoil he had experienced in another world.
“Soros will make a big move soon.” Chen Dong said in a deep voice with his head down, “The four major families have been very successful in supporting the market recently, and Soros has no obvious means of attack.”
"He's not the kind of person who gives up so easily."
"Annie, make a call to President Xiang," Chen Dong instructed. "Tell him that we need to know the attitude of Asian investment banks right now; it's essential."
Asian investment bank capital is holding onto its lucrative short-selling positions of 9,000, but the company no longer has enough cash flow to support its operations.
Xiang Feng had previously confessed their situation to Chen Dong.
This time, Chen Dong met with the head of Asia Travel Capital not to complete the transaction immediately, but to see their attitude.
To Chen Dong's surprise, this time, not only Xiang Feng came from Asian investment banks, but also Delimu personally came.
This was the first time Chen Dong had met "Derem," the largest partner at an Asian investment bank.
"Mr. Delimu, I've long admired your name," Chen Dong greeted politely.
Soon, he invited the people into his office. Xiang Feng became unusually serious in front of Chen Dong. "Mr. Chen Dong, we've come here to talk to you about the deal we discussed last time."
“Mr. Chen Dong, you are aware of the difficulties faced by Asia Travel Company, so I won’t beat around the bush.” Delimu said frankly, “Asia Travel is short of capital. How much cash or foreign exchange can you provide us?”
This was his first time dealing with Delimu, and he hadn't expected the other man to be such a straightforward person.
......
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