Offshore company.
Wangcai handed Chen Dong the research reports from this period, saying, "International hedge funds are still not giving up."
“They used their holdings to dump shares several times,” Wangcai said helplessly. “It is said that the Minister of Finance of H country, Kim Hee-cheol, issued an order a day ago, commanding the central bank, Seoul Bank, Jinzhou Bank, and H country’s asset management company not to sell any of their Korean won.”
Chen Dong said gloatingly, "Right now, Robertson and Soros are trapped in the H country market. H country will soon complete nationwide financial reforms. After the reforms, their financial structure will be more mature and their financial regulatory system will be more transparent. At that time, it will be even more difficult for Soros and Robertson to get out."
"Therefore, they now have to buy up South Korean won at high prices in order to make a clean exit before South Korea completes its financial reforms."
Wangcai tentatively asked Chen Dong, "Boss, should we take advantage of this opportunity to go long and squeeze another sum out of them?"
Chen Dong has always adhered to a strategy that combines risk and opportunity, but this time he unusually chose a more cautious approach.
"The financial reforms in Country H are about to be completed. There is no room for the Korean won to fall further. After the adjustment of financial supervision and management policies, both going long and short will face huge costs."
As Chen Dong said, two days later, Country H announced that the financial reform had been completed and had been a complete success.
This signifies that commercial banks, securities companies, lending institutions, and third-party financial institutions in Country H have gradually resumed normal operations.
H country now is like a new sprout emerging from a stagnant pool.
Robertson ran into a wall in the H country market. After closing out all his positions, his company's traders calculated that they had lost at least two hundred million US dollars in this attack on the Korean won market.
Soros fared even worse, as he was simultaneously tied up in the Indonesian and South Korean won markets. Subsequently, he continued to buy up South Korean won in global stock markets, and the Quantum Fund paid countless prices in these two markets.
Soros was heartbroken. The only consolation was that before shorting the H-country market and going long on the Indonesian market, he attacked the Hong Kong market. Although he suffered significant losses later due to the strong support from mainland funds, he made a lot of money in the early stages.
The operation was neither successful nor a failure.
After international speculators gradually withdrew, the attack on the Korean won finally came to an end. Chen Dong breathed a sigh of relief and returned to Hidden Dragon Residence.
When Chen Dong got home, he suddenly realized that not only his eldest sister was home, but also Annie and Zhou Huimin.
"Hey, you're back?" Lin Zhiyuan suddenly appeared from some corner, like a ghost.
Chen Dong asked instinctively, "How did you all end up here?"
He suddenly remembered that Chen Nan had told him that afternoon that he was invited home for dinner. "Did your older sister invite you all too?"
No sooner had he finished speaking than Chen Nan's sighing voice came from the kitchen.
Just as Chen Dong was about to go up and say hello, Annie and Zhou Huimin quickly pulled him back, making a shushing gesture at the same time: "Sister Nan is angry right now, you mustn't provoke her."
Chen Dong asked dismissively, "What's wrong?"
Chen Dong peeked into the kitchen and, sure enough, saw her pouting, looking rather unhappy.
"What's wrong with the eldest sister?" Chen Dong asked them.
The maid explained, "Miss Chen originally wanted to make spicy chicken for the boss, but she searched the whole market and couldn't find any chicken, so she's throwing a tantrum."
Chen Dong sighed, then went into the kitchen to comfort his older sister.
"It's okay, big sister. If there's no spicy chicken, we can eat something else."
The older woman huffed and puffed, cursing, "Hong Kong isn't a small place. It's such a big market, and I walked around twice, but I still couldn't buy any chicken."
"I really don't know whether to say I'm unlucky or the chicken is unlucky."
Chen Nan's thought was that the lack of live chickens for sale might simply mean that Hong Kong's financial market had recovered, and chicken was too popular as a celebratory food.
The older sister said aggrievedly, "Actually, I insisted that you come home for dinner today just so I could arrange a gathering for you, Annie, and Zhou Huimin to clear up your grievances."
She reminded Chen Dong, "Those two girls are both good girls."
Chen Dong was puzzled when his older sister suddenly pulled this stunt on him.
"What exactly happened with that Ah Fang?" the older sister asked directly.
"Afang?" Chen Dong finally realized that his older sister thought he had other intentions towards Afang. He quickly explained, "I invited her to be my secretary only to repay Afang for taking me in before."
The older sister asked in confusion, "To repay a debt of gratitude, you could have just given them some money, why did you have to invite her to the company?"
As expected, Chen Dong's good intentions are beyond the comprehension of most people. "I have already given the money to Afang's parents, but I believe that it is better to teach a man to fish than to give him a fish."
“No matter how much money I give them, they will squander it in the future. But if I give Afang a job with a very promising future, no matter what happens to the braised food shop, Afang will have the ability to support her family.”
Answering this question resolved Chen Nan's doubts.
Annie and Zhou Huimin were relieved to hear his explanation, and Chen Nan happily invited everyone to dinner. During the meal, Chen Nan pressed his advantage and finally got Chen Dong to agree to hold the wedding at the end of the year.
Zhou Huimin didn't know if it was right or wrong for her to involve her eldest sister in their relationship.
Zhou Huimin carefully observed Chen Dong's expression and sensed that he seemed somewhat distracted.
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