There is no spot sale of Hong Kong dollars in the market, which means that international speculators have no choice but to keep raising their bid prices in order to close their positions.
The value of the Hong Kong dollar has been gradually rising through rounds of price declarations.
With currency appreciation, sellers in the stock market cherish their Hong Kong dollars even more.
Unlike before, Hong Kong stock market investors and investment institutions now have positive expectations for the Hong Kong dollar.
Hong Kong's financial television channels frequently broadcast positive news about Hong Kong, and many celebrity analysts have predicted that Hong Kong stocks will experience a surge.
Suddenly, bullish sentiment in Hong Kong stocks began to emerge like mushrooms after rain.
The Hang Seng Index is currently at a low level, which is a good entry point for long positions.
The Hang Seng Index in Hong Kong has seen a strong rebound.
In contrast, the financial markets of regions such as South Korea, Indonesia, and Taiwan are in a different situation.
Their financial markets were also affected by the short-selling actions of Hong Kong stock market investment institutions and international speculators.
Subsequently, Soros's international hedge fund temporarily withdrew from Hong Kong, and international speculators in Hong Kong also gradually bought back Hong Kong dollar spot to close their positions.
According to Soros's modus operandi, once he has finished profiting from one market, he will immediately move on to the next.
Hong Kong has already become their prey, but who will be their next target?
In Asia-Pacific countries, from governments to ordinary citizens, everyone is living in fear. Many government officials, including those in financial institutions, have resigned due to the immense pressure.
South Korea, Indonesia, Thailand, and other countries have proactively devalued their currencies to mitigate risks.
While Asia-Pacific countries were nervously and systematically introducing policies to protect their currencies, Soros, through the Quantum Fund, purchased a large amount of Indonesian rupiah stock index futures.
18 trillion Indonesian Rupiahs, worth 5 billion US dollars.
At this point, Chen Dong's long positions had been gradually closed out.
However, the total number of short positions involved is as follows: 9,000 short positions previously traded with Asia Pacific Capital, plus short positions traded from other small securities firms.
This order is listed separately in the secondary market, and the brokerage firm has not disclosed who the buyer of these 20,000 short positions is.
To the surprise of the Hong Kong Monetary Authority, the Hong Kong stock market is currently performing well, and even the most extravagant international speculators are gradually closing out their positions.
The Hang Seng Index has been rising for several days. If these short positions are not closed now, they will face the risk of being liquidated.
International speculators are concerned about this risk, so they keep raising their bid prices even when there are no sell orders in the market.
"Who exactly is the buyer of these 20,000 short-selling orders?" Financial Secretary Yang Fugui personally called.
Du Xingzhi stammered as he explained, "Perhaps it's... some international speculator who doesn't have a good outlook on the Hong Kong stock market."
Yang Fugui was even angrier after hearing this. "Look carefully! Whether it's international speculators or international financial tycoons, the brokerage firms, investment institutions, and securities companies they use all have mature teams."
"But the company that placed the order is just a small securities firm in Hong Kong. I've never even heard of this securities firm before."
"Can such a small company really handle such a large order?"
Smaller securities firms typically have limits on the amount of capital they can invest and take a more careful approach to risk assessment, so they tend to be more cautious with their investments.
Compared to going long, going short already carries significant risks, let alone going short when the entire stock market is performing well.
Du Xingzhi shut his mouth. He knew that he himself didn't believe any of his own reasons for defending himself at this moment.
At this moment, Yang Fugui asked a question that even he himself dared not think of, "Could it be that someone from one of the four major families opened the account using someone else's identity?"
Du Xingzhi immediately denied it, saying, "Impossible."
"The four major families are all prominent figures in Hong Kong, and the financial channel has praised them several times for their efforts in supporting the market."
"Even though they went long, they didn't lose much in this round of investment because they invested in a lot of heavyweight stocks and stocks with large holdings."
"On the contrary, mainland Chinese-owned institutions and state-owned enterprises have been hit hard."
In Hong Kong, apart from overseas financial tycoons, all other international speculators and short-selling institutions follow the lead of Soros' hedge fund.
The Soros Group is already in the process of withdrawing.
If this money belongs to international speculators, they would immediately start buying up stocks in the market and gradually close out their positions.
Yang Fugui reminded Du Xingzhi, "This person could never be in one of the three major camps."
The three camps that Yang Fugui refers to are: first, international speculators; second, international financial tycoons, such as the billionaires listed on the Forbes wealth list; and third, international investment institutions and investment banks.
"Find out who this buyer is," Yang Fugui instructed Du Xingzhi directly.
"clear."
Chen Dong, the owner of this short-selling order, had just held a routine company meeting.
At the meeting, Chen Dong emphasized the need to re-establish contact with Asia Travel Capital, adjust the asset structure, and prepare to re-enter the Southeast Asian market.
Some have questioned: "After the financial crisis, the Southeast Asian market has been in a slump and is still in a state of recession."
"If we were to re-enter the Southeast Asian market, the current market situation would probably be beyond our control."
Chen Dong said forcefully, "I know what you are worried about."
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