It was already midnight when I hung up the phone.
Chen Dong put away his phone and then noticed that Afang was standing in the corridor.
"There's been no trouble in Hong Kong, but my guess was right. After the Poyang Lake floods, international hedge funds started investing in the Hong Kong stock market. However, they're only testing the waters right now, and the Hang Seng Index is currently stable at 8761.52."
Afang couldn't be as calm as Chen Dong. "The Hang Seng Index has fallen for three consecutive months and is still in the exploratory stage. However, the heavyweight stocks have been almost completely absorbed by them. Given Soros's current status among international speculators, he probably won't need to use the weapon of public opinion. Just a hint in the media will be enough for international speculators to swarm out."
"What's coming will come eventually," Chen Dong said, looking up at the rain that was falling harder and harder in the distance. "Our most important task now is to protect Poyang Lake."
Poyang Lake is located in a unique geographical location. It is surrounded by mountains on three sides, and five major rivers converge and flow into it from the north. The lake mouth opens to the Yangtze River. This means that Poyang Lake is currently receiving floods from the mountains, floods from the Yangtze River, and continuous heavy rainfall. With these three sources of water coming at the same time, even a sponge that is extremely absorbent would be saturated.
Fortunately, before the major flood officially broke out, the provincial flood control and drought relief headquarters had already determined an emergency prevention and response plan. Therefore, once the dikes were flooded, the Hukou Hydrological Station of Poyang Lake County Committee and the emergency management department responded quickly and suppressed the flooding at an extremely fast speed.
The reservoirs in the Jiujiang section have been releasing water in succession to alleviate the pressure of the reservoirs overflowing their banks. From the Jiujiang section to Hukou Town in Poyang Lake, the water level has dropped by 5 meters compared to yesterday.
This is a contribution made by all the staff of the county committee, the hydrological station, and all the researchers of the School of Civil Engineering and Hydraulic Engineering.
The stock market is temporarily closed at 1 p.m. North American time.
Robertson, beaming, took the newly acquired data and ran to Soros's office.
"Guys! The HKMA hasn't officially taken action yet, but several securities firms and commercial banks that have long-term cooperation with the HKMA are now buying back Hong Kong dollars at high prices. This move is obviously to prevent us from shorting the Hong Kong dollar."
Before Soros could speak, the researchers and analysts in the office immediately began to mock him: "These idiots."
"When we shorted the Hong Kong dollar, didn't the Hong Kong Monetary Authority and the Financial Secretary also seek help from the four major families and other private capital to successfully protect the market?"
......
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