Hong Kong has always been a free port in Asia, and they consider themselves to be so in terms of foreign trade, customs and taxation. However, if one day they arbitrarily intervene in the Hong Kong stock market in order to deal with international speculators, it would inevitably violate the original intention of a free port.
"Sigh! Actually, I've been thinking about the contradiction between Hong Kong's free market and government intervention all along. Hong Kong is a free market, but excessive freedom has actually hindered the stock market from developing in a healthier direction."
The Chief Executive solemnly put down the potted plant and said earnestly, "If a tree is only given sunlight and rain and allowed to grow freely, it will naturally conform to the growth trend of the sapling to the greatest extent."
"However, if the direction of the tree's growth is uncontrollable, and when it sprouts, when it takes root, and when it branches and leaves are all random occurrences, then the tree will inevitably face random death."
"That's the same principle behind Black Monday."
The Chief Executive ruthlessly pruned a branch from a potted plant, saying, "If freedom goes too far, and the market gets out of control, it will no longer be a vibrant tree, but a time bomb."
"Those who most look forward to stock market turmoil are not the citizens who own the majority of Hong Kong's economy, but those who want to profit from the chaos."
“Hong Kong has returned to China. From now on, we have a powerful backer and no longer need to fawn over or imitate the Western world.”
“Now is the time for us to make choices.” The Chief Executive sighed deeply.
He told Du Xingzhi and Yang Fugui, "We need to change our mindset. We don't want hypocritical freedom; we want real stability."
"So,..." Du Xingzhi and Yang Fugui were clearly taken aback by the Chief Executive's remarks. "What does the Chief Executive mean?"
The Hong Kong Chief Executive turned his head and said with a smile, "This situation cannot be changed in a short period of time, and of course we cannot abandon the free market right away. However, the fact that the government does not intervene in the market does not mean that we cannot allow private capital to get involved."
His attitude was quite clear, and Du Xingzhi and Yang Fugui exchanged a smile.
To be honest, before they went to the Chief Executive's Office, the two of them were worried that he would oppose Chen Dong joining.
After all, Chen Dong has such a large sum of money; anyone who sees it would be confused.
Back in the Finance Department office, Xu Jing and a group of researchers and analysts anxiously awaited their answers.
"How did it go? President Du, Director Yang." Xu Jing immediately went to greet the two superiors upon their return.
He has an innate, almost mystical love for the stock market. When he learned that Chen Dong was willing to invest HK$100 billion in various heavyweight stocks in Hong Kong for the long term, he was extremely excited and wished he could immediately reach a cooperation agreement with Chen Dong on behalf of the Chief Executive of Hong Kong.
Seeing Xu Jing's excited expression, Du Xingzhi was not surprised. "How should we put it? It's fine whether it works or not."
"What do you mean?" Xu Jing asked curiously.
"What I mean is that Chen Dong has met our expectations in terms of financial manipulation capabilities and economic strength. However, the official attitude has always been rigorous. The specific procedures will need to be discussed and decided by our two departments and Chen Dong's side," Du Xingzhi said indirectly.
Xu Jing breathed a sigh of relief, but quickly regained his composure. "Two big leaders, when did Boss Chen ever need the Financial Regulatory Bureau and the Finance Department to assess his abilities?"
Du Xingzhi smiled and said, "That's just a figurative way of putting it."
At this moment, many people in the office also gathered around, wanting to know what the higher-ups' attitude was. Du Xingzhi looked around and explained to everyone, "The higher-ups unanimously agreed that we should seek help from the mainland."
"Chen Dong is just one of the members we need to win over."
"Friends, this year marks the second anniversary of Hong Kong's return to China, and we are also about to celebrate the first anniversary of Hong Kong's return."
"This time, international speculators have changed their approach. They are no longer aggressive; instead, they are focusing on careful management. Regardless of their methods, there is one thing I want everyone to remember!"
"Our Hong Kong Free Port has prospered for so many years, we can't just lie there on the chopping block and let international speculators fleece us!"
"The stability of Hong Kong's stock market affects every aspect of the lives and work of Hong Kong citizens. Therefore, this time, when we deal with international speculators, we have only one principle: to seek stability."
"Whether it's supporting the bottom and pushing it up, or exiting midway, the goal is to ensure stability."
Inspired by his words, Yang Fugui also came out and said emotionally, "We, the Hong Kong Monetary Authority and the Financial Secretary, will do whatever it takes to protect the Hong Kong stock market."
"I'm making this clear today: if international speculators want to come, we'll make sure they don't leave alive!"
"Support Hong Kong!"
A burst of enthusiastic applause and cheers erupted in the office, rising and falling continuously.
While everyone was excited here, Longteng wasn't idle either.
Chen Dong directly convened a mobilization meeting for all traders, analysts, and consultants from third-party institutions to launch the offshore company mobilization meeting.
Lin Zhiyuan, Wangcai, Ma Guoliang, Annie and other senior executives were all present.
After hearing Chen Dong's rough plan, many people fell into thought.
"Boss, international speculators have targeted the agriculture, forestry, animal husbandry, power, and apparel and textile sectors. It's obvious they want to short the stock index. Wouldn't it be easier and less troublesome if we just followed them and shorted the market?"
Chen Dong patiently replied, "Short selling is naturally easier and less stressful, but the safest approach is still to go long."
"On the first anniversary of Hong Kong's return to China, the mainland's support for Hong Kong has only increased, not decreased. According to my prediction, Hong Kong's economy will at least double."
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