"Why choose Hong Kong again?" Last time they attacked the Hong Kong stock market, they already witnessed the support and protection capabilities of the four major families and the Hong Kong regulatory authorities.
Last time they went to the Hong Kong stock market, they didn't suffer any major losses, but they didn't gain anything either.
Furthermore, given Hong Kong's current economic and political standing, any one of the four major families could rival international tycoons.
Their attacks on the Hong Kong stock market would cause the Hong Kong futures index to fall, and would also further shrink the assets of the bigwigs, which would undoubtedly offend the four major families of Hong Kong.
"What do we international speculative capital do that won't offend people?" Soros said directly in front of the top executives of the Quantum Fund: "We do things that offend people."
"Gentlemen, all's fair in war. In the stock market, whoever has the most skillful methods, the most far-sighted vision, and the most courageous will be able to secure a winning position. If you're afraid of offending people, then we shouldn't do business together."
It is precisely this fearlessness in the face of offending people that has allowed Soros to lead the Quantum Fund to where it is today.
Most importantly, he now leads not only the Quantum Fund, but also international speculative capital led by the Quantum Fund and global financial giants.
Cyber knew that these words had offended Soros, so he immediately acted as a peacemaker, saying with a smile, "The senior executives are also afraid that we will once again be stuck in the quagmire of Hong Kong and unable to extricate ourselves."
"But I have some good news to share with you all." Cyber said, giving his assistant a look. The assistant understood and quickly distributed the documents on hand.
"Since the outbreak of bird flu in Hong Kong, the Hang Seng Index has been slowly declining. By early April, the Hang Seng Index had been falling for two consecutive months. Today, the index closed at around 9,000 points."
9000 has always been a very significant threshold for the Hang Seng Index.
This shows that the stock market was negatively affected by bird flu, but people were more concerned about whether they could afford meat, while Hong Kong's social news and current affairs were more focused on the flood control and disaster relief efforts on the mainland.
Hong Kong Finance Channel stands out by focusing on the four major sectors of agriculture, forestry, fishery and animal husbandry. It has issued several risk warnings to investors, advising them to be cautious when investing in these four sectors.
Cyber confidently stated, "This avian influenza is highly pathogenic, and five people have already lost their lives due to infection. Therefore, governments around the world and the mainland are paying great attention to this influenza outbreak."
"After cases of infection and death occurred, governments around the world and the mainland became more sensitive. Some countries even directly rejected all products from Hong Kong. The impact of avian influenza on Hong Kong's import and export is enormous. After the outbreak, trade ties between Hong Kong and overseas or between Hong Kong and the mainland were cut off by nearly half."
"The decline in the Hang Seng Index indicates that market expectations in Hong Kong have been underestimated."
"With just a little manipulation, we can control Hong Kong's stock index futures."
Before the meeting, Cyber had already discussed with Soros that they would simultaneously explore three areas: exchange rates, stocks, and stock index futures.
The exchange rate is the price of a currency relative to a foreign currency, while the stock index is the main indicator for measuring the rise and fall of the stock market.
Generally, international speculative capital will only focus on one of these three directions to make a breakthrough, because even international speculators need to accumulate enough chips to influence the currency of a country or region, and these chips are the cost of dumping.
Soros's audacity in proposing a plan to launch operations in three directions simultaneously demonstrates that he is taking a desperate gamble, completely disregarding the consequences, and is determined to seize the Hong Kong market.
Soros concluded their meeting by saying, "Gentlemen, a new war is about to begin."
"What we have lost in the Korean won market, we will surely win back in the Hong Kong market."
"Last time, Chen Dong's Longteng Group was among the forces supporting the market in Hong Kong. I'd like to see how he will unite the four major families to fight against our international hedge fund this time."
After this speech, Soros ended the meeting.
In early April, the Hang Seng Index hovered around 9,000 points. Chen Jianlin, a host on Hong Kong's financial channel, expressed his opinion that the decline in the Hang Seng Index was due to currency devaluation caused by the Southeast Asian financial crisis and the slowdown in export growth.
The problem is that China has maintained a trade surplus for more than a decade since its economic opening up. Now, Southeast Asia has become the main market for imported raw materials and low-end industrial products for Europe and the United States, which has squeezed China's competitiveness.
Both hosts on the financial channel stated that the decline in China's export competitiveness has led to a severe undervaluation of the Hang Seng Index in Hong Kong.
After the program aired, a scholar from Hong Kong wrote in, suggesting that the decline in the Hang Seng Index was not entirely due to the devaluation of Southeast Asian currencies, but rather the result of a combination of factors, including the outbreak of avian influenza and international speculators.
However, this letter remained dormant after it entered the Hong Kong financial channel, and no one even opened it.
Some analysts believe that China's declining export competitiveness will put pressure on foreign countries, and the Chinese Ministry of Finance will likely choose to devalue the RMB proactively to further encourage exports.
In the 1990s, a wave of factory construction swept across China. Due to the low cost of raw materials and labor, factories were able to reduce product costs to some extent.
This is very beneficial to the development of the manufacturing industry, especially the manufacturing industry that relies heavily on foreign trade.
However, in recent years, the number of factories has increased dramatically, and the number of manufactured products has also increased, leading to surplus capacity in the country. Therefore, the government has sought export channels several times to distribute this surplus capacity and avoid inflation.
About a week later, the farm had completed its main tasks and closed down smoothly, and Lin Zhiyuan returned to Longteng from the New Territories.
Annie followed behind Lin Zhiyuan and reported to Chen Dong.
"The farm sold a total of 2 million dressed chickens, making a profit of HK$6 million. Of these, 1 million dressed chickens were sent to impoverished families as charity meat products."
Anne said in a cold tone, "The ducks we sold this time were divided into three batches, totaling nearly 3 million. Due to the increase in duck prices, the profit is twice that of dressed chickens."
"In addition, all the piglets in the farm have been sold. There were a total of 50,000 piglets, and the net profit is nearly HK$1 million."
"Boss, as you instructed, we have maintained the prices of meat at the levels before the outbreak of bird flu. Except for duck, which has increased in price, the prices of chicken, pork, beef, and mutton are the same as before."
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