"Mr. Chen, has your economic spy been arrested?" Guo Bingxiang called anxiously to inquire.
Chen Dong was already overwhelmed by the South Korean National Intelligence Service's affairs, and he impatiently yelled, "What? My spy? Robertson's spy!"
There was a two-second silence on the other end of the phone, followed by the question: "So...you didn't leave any evidence against them, did you?"
"Don't worry." Chen Dong said with a gloomy face, "I have never provided him with any funds. I just had people try to find out information indirectly."
"However, if the economic espionage allegations are true, Robertson will probably be furious again, since he is someone who genuinely spends money."
Economic espionage, this is a serious matter.
Afang nervously asked Chen Dong again, "Are we really... not involved in any financial dealings with them?"
If it's just normal cryptocurrency sniping, they're safe as long as they're in the gray area. But if they leave the gray area, then they're in danger.
Moreover, this time economic espionage has been exposed. If someone gets involved, not only will they be unable to short the Korean won, but their freedom is also uncertain.
"Don't worry, I know what I'm doing," Chen Dong reassured her.
Seeing that Afang was still anxious, probably because it was her first time encountering something like this, Chen Dong explained, "We at Longteng have the most powerful legal department in China. We will not do anything outside the framework of the law."
Therefore, they could only deduce from the details that this spy was an agent planted in the Hong Kong Monetary Authority by international speculative funds.
......
After returning to Longteng, Chen Dong started making arrangements again.
"Get everything sorted out immediately and see how much foreign exchange assets Longteng has in its accounts, preferably in US dollars!"
He looked at Annie and said with great enthusiasm, "Next, we'll take advantage of the negative news about the Korean won and make things even worse for them."
This exciting news energized Annie and Lin Zhiyuan, who immediately mobilized all available resources and tallied up all the available foreign exchange.
At this moment, Afang, who had been quietly waiting in the corner, cautiously moved closer to Chen Dong. "Our Longteng team led the sell-off and has already lost a lot of money..."
"If we continue to focus on attacking the Korean won with foreign exchange now, we are very likely to get caught in an economic vortex from which we will find it difficult to extricate ourselves."
Chen Dong focused his attention on Afang and said very seriously, "What suggestions do you have?"
"My suggestion is that at this time, we can bring in partners to leverage their ability to raise cash and attract capital, and let them take the lead."
"We, on the other hand, will sit on the sidelines and watch the tigers fight."
Upon hearing this, Chen Dong gave a cold laugh. "Sitting on the sidelines and watching the tigers fight is not an easy thing to do in the financial market."
However, he understood what Afang meant. She meant that they needed to find a partner with strong ability to attract capital to act as the vanguard, while Longteng would provide support, and together they would control the Korean won exchange rate.
This approach not only mitigates the risk posed by the Korean won exchange rate to Longteng Group but also delivers a strong blow to the Korean won exchange rate, allowing them to solidify the negative impact on the Korean won as soon as possible.
"Contact the four major families," Chen Dong instructed Afang.
The fact that the boss said that means he has taken her advice to heart.
Afang nodded quickly, "I'll arrange a meeting with them right away."
That evening, Guo Bingxiang, who was completely unaware of the situation, hurriedly used his connections to contact the four major families after receiving a call from Longteng's office.
Fortunately, several people from the four major families gave him face. Li Jiacheng and Zheng Yutong both came, leaving only Li Zhaoji with an ambiguous attitude, unwilling to make a move.
That evening, Chen Dong arrived at the Xiangjiang City Club.
At this time, Li Ka-shing, Zheng Yutong, and Li Zhaoji's son Li Jiacheng also arrived.
Chen Dong got straight to the point: "I'm sure everyone has heard the news that Longteng is going to short the Korean won exchange rate."
"The reason I invited everyone here today is very clear: I want the four major families to join forces and take over this market together."
The last time they worked together, it was to protect the Hong Kong stock market. Now the tide has turned so quickly, and Chen Dong is going to join forces with the four major families in Hong Kong to short the Korean won.
Zheng Yutong joked, "Mr. Chen, last time you made everyone lose money to prop up the market. This time, you're not going to use us to shift the crisis and help you short the market, are you?"
Chen Dong smiled and said, "You big shots are all veterans who have been in the financial market for half a century. You know more about the money market than I do."
"Longteng is not one to act without a profit. If they can successfully control the Korean won exchange rate in the future, they will definitely get a share of the profits from the other party."
After all, this wasn't their first collaboration, and the four major families were quite confident in Chen Dong's character.
Chen Dong didn't spend much effort to persuade the four major families.
When he left Hong Kong, he had already raised $1 billion worth of South Korean won in foreign exchange.
......
On the other side.
Neil Robertson of Tiger Global Management is one of the main short sellers in the South Korean financial market.
Ever since he learned that international speculative capital had attacked the South Korean stock market before him, he had been determined to find out who it was.
Strangely, during the first round of attacks on the Korean won exchange rate, although they had not discussed it beforehand and did not know who the other party was, they cooperated very well.
This tacit understanding almost led Robertson to believe that the mysterious person targeting the Korean won was an international speculative investor or financial tycoon he had previously collaborated with.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
