In an interview on a public media platform, Du Xingzhi stated clearly: "The Hong Kong Monetary Authority will definitely guarantee the safety of the Hong Kong dollar in Hong Kong."
Regardless of whether this statement had a positive effect on the rise of the Hong Kong dollar market index, the Hong Kong Monetary Authority's statement represented Hong Kong's attitude of safeguarding the Hong Kong dollar market.
Unlike strong currencies like the US dollar, the Hong Kong dollar represents only a financial symbol and is not traditionally tied to the world's universally accepted gold standard.
The reason why global financial giants are eyeing the Hong Kong dollar market is precisely because they are attracted by the financial power that the Hong Kong dollar represents.
Soros has not yet gained any advantage in this battle with the Financial Supervisory Authority.
However, Tiger Fund secretly completed a foreign exchange market transaction.
Tiger Fund is a member of the Soros Group's international hedge fund and is the vanguard of the Soros Group. However, while Tiger Fund's Robertson outwardly obeys Soros, he secretly acts against him.
While Soros was locked in a fierce battle with the Hong Kong Monetary Authority, Tiger Fund secretly completed a HK$2 billion sell order.
He first submitted a low price and listed it on the market to test market sentiment.
Soon, Robertson discovered that no one was responding to the large sell orders, and no third-party institutions or investment banks were willing to absorb them.
Robertson's analyst suggested, "Boss, let's lower the price."
Robertson thought for a moment, then said, "No, let's wait a moment."
As soon as he finished speaking, the sell order on the computer screen showed a match and the transaction was successful.
In the foreign exchange market, a transaction is considered successful once the buyer offers a suitable price and the seller pays the agreed-upon price.
The official account used to destroy these funds was identified as one of the HSBC bank accounts commonly used by the Monetary Authority of Hong Kong.
The Hong Kong Monetary Authority is now directly confronting Soros's international speculative capital. Robertson is taking advantage of this opportunity to arbitrage by buying low and selling high the futures and stocks held by Tiger Fund.
In reality, they seized the gains of international speculative capital right under Soros's nose.
However, this wasn't the first time Soros and Robertson had collaborated. They were aware of each other's underhanded tactics and knew exactly where the other's bottom line lay.
Soros disapproved of Robertson's petty actions, but he didn't take them to heart.
As long as he doesn't go too far and it doesn't affect his business on the front lines, Soros is willing to turn a blind eye.
Seeing that Tiger Fund's Robertson had already sold off his short positions, Derim, an investor in Asian investment banks, was eager to try it himself.
Delin personally asked Soros if they could sell their 9,000 short positions.
To everyone's surprise, Soros adopted a completely different attitude when he came to Asian investment banks, and sternly rejected their request.
“Derem, we are at a critical juncture in our attack on the Hong Kong dollar. If you loosen your short positions, it could affect our entire plan.”
Delimu said with some dissatisfaction, "But now the cash flow of Asian companies has dried up. If we don't convert our stocks into foreign exchange, we won't even be able to support the company's daily operations."
"Just hang in there a little longer. According to the plan, we'll be finished in half a month." Soros didn't consider Delimu's thoughts at all.
After saying that, Soros hung up the phone with Delimu.
Delimu, on the other end of the phone, was at a loss.
They didn't have many short positions, but when they established their positions, they bought a significant proportion of heavyweight stocks as required by Soros.
Short positions cannot be sold, which means that even heavyweight stocks will be stuck in your hands.
Perhaps, according to Soros's plan, they could sell short after the Hong Kong stock market suffers a severe blow, thereby making a huge profit from the price difference.
But Asian investment banks are clearly not going to survive until then.
Delimu made up his mind and urgently convened a high-level meeting.
All partners attending the meeting unanimously decided that, in order to maintain the basic operations of Asian investment bank capital, they were willing to transfer these 9,000 short positions to Longteng.
As for the other heavyweight stocks, they will gradually liquidate their positions after the operation is over.
Upon hearing this news, Cyber naturally opposed it vehemently.
He firmly stood by Soros and genuinely believed that, according to Soros's plan, their return on investment would be at least five times.
However, the reality is that Delimu is more concerned about the company's future and does not want to take such a risk.
He only wanted to protect Asian investment bank capital companies safely.
The risk assessment is not optimistic, and Cyber had previously attracted public attention on Hong Kong's financial channel.
This has further fueled public discontent with cybersecurity.
At the partners' meeting, everyone unanimously decided to limit the partners' decision-making power at Cyber.
They temporarily retained Cyber's partnership status, citing his sacrifice of company interests, but stripped him of his veto power.
The news of Soros selling short and disposing of Cyber, combined, reached his ears.
"Are they crazy?" Soros asked incredulously.
Cyber had just suffered a heavy blow at the company headquarters and hadn't recovered yet. He looked at Soros and said listlessly, "This is the decision of the company headquarters."
"Now... I've been ousted from the center of power."
Soros was indignant for a while, but quickly calmed down and said, "Let's ignore them for now."
"Anyway, Asia Travel only has 9,000 short positions, so let's focus on dealing with the Hong Kong Monetary Authority first."
Cyber nodded reluctantly.
In fact, he was very clear that these 9,000 short-selling contracts were all large short positions, worth more than HK$10 billion.
The Hang Seng Index has now risen to a certain level, and making a move at this point would be unwise.
To Soros's surprise, Asia Travel did not put this large short position on the secondary market, but instead transferred the futures contract to other companies.
This company is Longteng.
By placing a short order at a certain point, Longteng suggests that it is not optimistic about the stability of the stock market.
"How many futures and stocks do we still hold?" Soros asked the analyst.
After reviewing the accounts, the analyst said, "There are currently 300,000 contracts in Hong Kong dollar futures and about 100,000 contracts in other heavyweight stocks."
"Plus, there's the international speculative capital standing behind us..."
"etc!"
Soros interrupted him, continuing, "International speculative capital is just a hyena that follows the lion pride to hunt."
“If there is good news in the stock market, they will go long; if there is bad news, they will go short. International speculative capital will only follow market sentiment and will not necessarily follow our actions.”
Soros told analysts, "Don't include them in the action group."
......
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