After several rounds of public opinion fermentation, citizens gradually began to believe that international speculators had left Hong Kong, which led to a surge in the Hong Kong stock market at the opening.
After suffering setbacks at the hands of the Soros Group, Hong Kong's financial sector experienced several periods of decline, but has now finally shaken off the gloom and returned to its former state.
Buck and Chen Dong officially signed a currency transaction agreement, which means that Chen Dong officially set a trap for Soros.
Of course, since Buck represented the banking department manager of an Asian investment bank, in order to protect the client's information, Soros accepted the $2 billion Indonesian rupiah, but he did not know where the money came from.
He had no idea what the original owner of the funds was thinking when he signed the contract.
Soros acquired Indonesian Rupiah through covert means, but he did manage to buy a significant amount of Rupiah from various securities firms, banks, and individual buyers.
Even the smallest action will be noticed by international speculators.
In early November, South Korea's Financial Reform Committee reported positive news about the Southeast Asian economy.
They hoped to use this opportunity to advance financial reforms, but Finance Minister Hong intervened several times to prevent it.
It wasn't until many international speculators offered their own speculations, believing that Soros was making moves in the Indonesian stock market, that Guan Hong finally believed the rumors about Soros circulating domestically.
In recent times, as Hong Kong stocks have gradually recovered, Asian markets are regaining vitality.
The Hang Seng Index has risen sharply for three consecutive days since the first day of this month, with an increase of more than 3.2%.
The Jakarta Composite Index rose to 5.7%, and the value of the Indonesian rupiah jumped from 3,600 rupiah to 3,200 rupiah per US dollar.
However, due to favorable market conditions, Soros has no intention of selling his Indonesian rupiahs despite the favorable situation.
Most of the Southeast Asian markets saw excellent opening results, with the overall market atmosphere being incredibly vibrant and exciting.
Having experienced the financial and monetary crisis and the gold bubble, people in Southeast Asia are watching their currencies appreciate and are considering new investment strategies.
After all, the International Monetary Fund has just signed several economic aid programs with governments around the world, many of which include policies to raise the exchange rates of bank deposits and government bonds, and to encourage investment in domestic industries.
While Southeast Asia is thriving, South Korea is shrouded in gloom.
Several lawmakers have just been embroiled in sex scandals, and now members of the newly elected Financial Reform Committee have been exposed for having illicit dealings with the Treasury Department.
This was a crucial period for South Korea's financial reforms, and the Ministry of Finance had repeatedly caused trouble, pushing the public to their breaking point.
Especially within the government, the Ministry of Finance's act of poaching from its own department, prioritizing its own interests at the expense of national interests, has utterly disgraced Minister Guan Hong.
Due to the rising public protests, the South Korean president was forced to issue a mandatory order, commanding that Kwan Hong not interfere with any actions of the Financial Reform Committee.
Regardless of whether the reform plan is related to the Ministry of Finance, no one should interfere with the Financial Reform Commission. The Financial Reform Commission should have the independent power to propose reform plans.
After observing for several days, Afang judged that the domestic situation in South Korea had reached its peak.
"Boss, the pressure from public opinion in South Korea has been shifted to the financial regulatory agencies, which is hindering financial reforms."
Afang suggested, "The president of South Korea has limited power, while the president of the United States refuses to relinquish power. As a result, their domestic politics and economy are in chaos, and there are growing calls to establish a financial supervision and management agency independent of the Ministry of Finance."
Chen Dong glanced at the materials she had brought over and said slowly, "It's not the right time yet."
He went on to explain, "The financial markets are interconnected, and we need the right timing now."
Chen Dong tilted his head and looked at Lin Zhiyuan. "Call Chen Jianlin and we'll discuss our next move."
Chen Jianlin is currently the most popular celebrity host on Hong Kong's financial channel. He is also an analyst by training, but he became a staff member of the four major families at a very early age.
Lin Zhiyuan asked cautiously, "Chen Jianlin isn't one of our people, so we should talk to Guo Bingxiang about this first."
Chen Dong remained silent. He truly did not want to see Guo Bingxiang, but now Longteng needed to utilize the power of the media to spread information, so he had to use someone like Chen Jianlin, and had no choice but to cooperate with Guo Bingxiang.
"Go ahead and contact them," Chen Dong finally relented.
The month-long turmoil in the Hong Kong stock market has already caused significant losses for many investment institutions.
Even if Chen Dong wanted to cooperate with financial tycoons, he could only choose from the four major families.
As one of the four major families in Hong Kong, Kwok Ping-cheung had an early presence in new media and wielded considerable influence. Moreover, the Kwok family was a long-term sponsor of the financial channel, and Chan Kin-lam was the person Kwok Ping-cheung put forward to be the leader.
Chen Dong needed to short the Korean won, so he needed a mouthpiece. At this time, Li Ka-shing recommended Guo Bingxiang to him.
The Kwok and Li families have always been on good terms, and since Li Ka-shing had spoken up, Kwok Ping-cheung had no choice but to help.
Shorting the Korean won diverts international speculators' attention from Hong Kong to South Korea, which also aligns with the interests of the four major families.
Although Guo Bingxiang disliked Chen Dong, he became very proactive when they shared common interests.
In his phone call with Lin Zhiyuan, he only said he wanted to see Chen Jianlin, but he didn't expect Guo Bingxiang to bring Chen Jianlin over himself.
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