After all, Russia occupies land in both Europe and Asia, so Yang Fugui's concerns are not without merit.
Chen Dong washed his hands with water. "Back when Black Monday hit the global stock market crash, no one expected that the world's stock markets would be so closely interconnected."
"It is now 1998. The process of globalization is accelerating, and the community of shared future for mankind is more closely linked. If the Russian economy collapses, international hedge funds will inevitably shift the pressure to mainland China and Hong Kong."
“The strength of market panic can sometimes be influenced by geographical proximity. Soros’s selling of Hong Kong dollars in the Americas, Europe and Southeast Asia may not have directly affected Hong Kong yet, but if Russia were to experience a financial crisis, Hong Kong would be the first victim, given the current Hang Seng Index.”
When Chen Dong saw the two bigwigs come to the mainland to see him, he understood the seriousness of the situation. He frowned and said, "The Hong Kong stock market is as fragile as the dam outside. With just a little external stimulus, the entire stock market will collapse."
This is precisely what Yang Fugui and Du Xingzhi are worried about.
Yang Fugui immediately suggested, "Why don't we, the Hong Kong Monetary Authority, buy blue-chip stocks at the opening to support the market, thereby suppressing panic and increasing investor confidence?"
"Absolutely not." Chen Dong put down his work and said seriously, "What does official intervention mean? It means the market is about to collapse."
Chen Dong cautioned: "The most common means of official intervention are nothing more than exchange rates, interbank lending rates, etc. Once the Hong Kong Monetary Authority's funds enter or HSBC and Citibank raise interbank lending rates, it is equivalent to sending an offensive signal to the market."
"If the Russian economy were to collapse now, the intervention of the Monetary Authority of Russia could indeed boost investor confidence. However, the fact that Soros's short-selling of the Russian ruble has slowed down shows that they are unwilling to let the Russian economy fall into an extreme situation."
Yang Fugui asked curiously, "Do they have concerns about the Russian authorities?"
"Russia is not an economically declining country like H country or an island nation. Even if Russia's economy is declining, it still has powerful military weapons to rely on," Chen Dong said with a smile.
"Although the Soros Group leads an international hedge fund, its cooperation with the Federal Reserve on several occasions must have been influenced by the Fed's influence."
Chen Dong glanced at Yang Fugui, then at Du Xingzhi, and asked, "Even if Soros has no concerns about Russia, do you two think that America has no concerns about Russia either?"
Upon hearing this, Du Xingzhi instinctively shrank back, knowing that economic warfare could easily trigger political warfare.
At this point, although it is international speculators who have stirred up the conflict, if they drive others crazy, then the United States will inevitably bear the responsibility.
"In other words, Soros won't really push Russia to the brink; they're just using the collapse of the Russian stock market to suppress the financial markets in mainland China and Hong Kong," Du Xingzhi analyzed.
Chen Dong patted the foam off his body and said casually, "That's not entirely the reason, but it's one of the most direct reasons."
“I think that based on Soros’s past patterns of action, once the Russian financial market shows signs of defeat, he probably won’t press his advantage in the short term. But at that point, he will definitely return to the Hong Kong stock market and frantically sell off Hong Kong dollars.”
Yang Fugui narrowed his eyes, his face darkening. "So, the actions of the Soros Group and all international speculators are just testing our bottom line."
“Soros had already launched a surprise attack on the Hong Kong dollar once before, and then mysteriously disappeared.” Du Xingzhi glanced cautiously at Yang Fugui, then asked, “According to this pattern… when is Soros entering the market?”
They were quite willing to believe Chen Dong, after all, the Hong Kong Monetary Authority and the Financial Secretary had only dealt with international hedge funds and Soros in Hong Kong, but Chen Dong and his Longteng Group had successively fought against international hedge funds in Southeast Asia, H country, Indonesia and other places.
"In the next few days," Chen Dong said coldly.
Yesterday, he contacted Longteng using his home phone and learned from Ma Guoliang about Soros's sale of rubles in Russia, confirming that the turning point was imminent.
"I understand." Du Xingzhi nodded, already having a complete plan in mind.
"Is there anything else we can do now?" Yang Fugui asked Chen Dong.
Chen Dong raised an eyebrow. "Once Soros makes any statement in the Russian media, no matter what the message is, Hong Kong will immediately withdraw the Hong Kong dollar."
"At the same time, while waiting for them to make their move, you'd better persuade the four major families not to join the short sellers."
The combined private capital of Hong Kong's four major families is terrifyingly large. If even these four families join the short-selling, the pressure on the Financial Secretary of the Hong Kong Monetary Authority to fight against international speculators will be even greater.
In mid-June, the torrential rains arrived as expected.
Longteng's relief supplies were quickly put to use. More and more supplies and equipment bearing the "Longteng" logo were packaged and distributed to resettlement sites across the Yangtze River basin from warehouses throughout the region.
Among the relief supplies, food and water are of paramount importance, followed by search and rescue tools and equipment.
At this time, the entire Yangtze River basin was being ravaged by floods and torrential rains. When people saw Longteng's relief supplies, those who had previously mocked Longteng fell silent.
In Poyang Lake, Dongting Lake, and other areas, urban flooding, coupled with the influx of major tributaries into flood control lakes, has turned the entire water system into a vast expanse of water, making it impossible to distinguish between rivers and lakes.
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