Chen Dong nodded, indicating that he did not mind the matter.
"Du Xingzhi was able to find out who held the short selling orders; that was his method."
“My securities company failed to protect my information, which was my negligence, and I do not blame Du Xingzhi.”
In the real business arena, there is no place for reason; even a single oversight could give the enemy an opportunity to exploit.
Therefore, Chen Dong needed to confirm that the financial instruments he was using were clean and safe.
He chose a small brokerage firm mainly because he didn't want to cause too much of a stir. However, small brokerage firms have their advantages and disadvantages. They are not as reliable as large companies in protecting customer information.
"But... since you're so sure that Soros won't attack the Hong Kong dollar in the short term, what's your specific basis for that?" Li Ka-shing asked.
Chen Dong smiled and focused his attention on Afang, who had just arrived.
"Ah Fang, you heard my conversation with President Du Xingzhi just now. Can you analyze what my basis is for saying that?"
It was Fang's first day at work. Although she had learned a lot about reading the stock market from her second uncle, understanding it and actually doing it are two different things.
Seeing her hesitation, Annie whispered a reminder: "It's okay, just say what you think."
Afang said cautiously, "When Wolong came to pick me up before, he said that Soros had a big operation in Indonesia."
“He represents international hedge funds. If they are determined to focus on one market, they will not try to do two things at once, otherwise it will disrupt the judgment of international hedge funds.”
"The reason why a large number of people follow Soros every time he attacks a market is because there are patterns to follow when Soros shorts a currency market."
"Very good." Chen Dong nodded approvingly.
He then added, "However, you haven't seen the deepest essence behind this event yet."
"We cannot deal with our opponents by waiting until they make a move before thinking about how to defend ourselves."
When Chen Dong said this, his gaze was fixed on Li Ka-shing.
Li Jiacheng thought for a moment, then hesitantly asked, "You mean...?"
"This time, no matter where Soros's target is, I will not follow his lead."
“I won’t be like international speculators,” Chen Dong said seriously, his face darkening. “I’m going to make him follow my lead.”
Upon hearing this, Li Jiacheng cleared his throat and asked Chen Dong in a low voice, "Why didn't you just talk to Du Xingzhi directly when he was here?"
"Wouldn't it make your operations much easier with official cooperation?"
Chen Dong shook his head. "Having official cooperation doesn't make it convenient for me to act; on the contrary, it will restrict my actions."
“Mr. Li, we have some connections. The previous joint efforts of the four major families to support the market also alleviated the pressure on the mainland to some extent.”
Chen Dong said sincerely, "I know that the four major families have all been bullish during this market intervention. A decline in the Hang Seng Index means losses."
"The idea of the four major families joining forces was my own, so I owe you a favor."
Hearing this, Li Jiacheng had a better understanding of the situation. "It seems you already have a plan."
“This matter may require the help of the four major families,” Chen Dong explained. “However, I hope this is just a matter of mutual assistance between our companies, and does not involve the official stance.”
"Understood." Li Jiacheng was a seasoned veteran. Since Chen Dong was afraid of official constraints, he naturally knew what he should and shouldn't say.
Now that Li Ka-shing had made his stance clear, Chen Dong gave Lin Zhiyuan a look.
Lin Zhiyuan quickly explained, "According to our Longteng Group's research, the South Korean economy is most affected by fluctuations in gold prices."
"Furthermore, South Korea's domestic banking regulatory agencies are chaotic, and the independence between agencies is insufficient. The so-called third-party supervision is not actually independent, and the system is unstable, which has caused serious information asymmetry in South Korea's domestic financial market."
"This phenomenon is not a good thing for a country whose main industries are light industry, entertainment, and service industry."
"South Korea's domestic financial institutions are chaotic and disorganized, numerous but not sophisticated, resulting in a loss of control over banking supervision."
Hearing the implication of these words, Li Jiacheng asked curiously, "Are you going to use the Korean market as a practice ground?"
Chen Dong smiled and explained to Li Ka-shing, "The Hang Seng Index in Hong Kong has now fallen to 9,300 points. The greater the potential for the market to fall, the easier it will be to attract international speculators."
"Soros has indeed left Hong Kong, but international speculators are still eyeing this lucrative market."
“If we shift the attention of international speculators to other currencies, we can alleviate the pressure on the Hong Kong dollar.”
"Short or long?" Li Ka-shing asked directly.
Chen Dong smiled with narrowed eyes, "Going long and profiting from both sides, going short and profiting from both sides—this has always been Soros's tactic."
"You want to try and have your cake and eat it too?" Li Jiacheng looked at him incredulously, and exclaimed, "Chen Sheng has quite the appetite!"
"Let's get back to the main topic." Chen Dong became serious. "The reason I'm paying attention to the South Korean market is firstly because the South Korean economy itself has significant problems. Whether it's for practice or as bait to attract Soros, it's very suitable."
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