Chen Dong picked up the phone in a daze, not quite understanding what was happening, when he heard Director Yang say on the phone: "Soros has published articles in the Wall Street Journal one after another. The Russian ruble has completely become a tool for international speculators to manipulate things in Europe."
"Global stock markets have gone crazy."
Chen Dong steadied himself and said to Yang Fugui, "So, what does Director Yang mean by calling so late at night?"
“Mr. Chen, the Hong Kong stock market is in imminent danger. I hope you can join forces with the Hong Kong Monetary Authority and the Financial Secretary, as we agreed before, to deal with international hedge funds.”
Upon hearing this, Chen Dong smiled subconsciously, thinking that the Finance Minister, who had previously been suspicious of him, had now put aside his airs.
This is understandable, as Russia's economy has been almost completely exploited by foreign conglomerates.
The devaluation of the ruble caused a large outflow of capital from Russia in a short period of time. At this time, the Russian currency was stable and still under pressure from international speculative capital.
Although the pressure on Russia has eased after receiving IMF funding, the country's internal fiscal problems have not been resolved, so the market response has been very calm.
Soros, leveraging his influence in the financial world, gave the ruble a final push. He didn't need to exert much effort; he only needed to release the news in major media outlets, and the ruble became meat on the chopping block for international speculators.
Chen Dong lowered his voice, composed himself, and said, "I'm willing to participate in the market rescue, but the Hong Kong Monetary Authority and the Financial Secretary must fully cooperate with me."
Director Yang gritted his teeth and agreed to the conditions proposed by Chen Dong.
Currently, international hedge funds are indeed a major threat to Hong Kong. However, according to Chen Dong's previous plan, he intends to buy nearly 3% to 4% of the stocks in the entire Hong Kong stock market, which is also a crisis for Hong Kong.
What Yang Fugui fears is that if he cooperates with Chen Dong to complete the market rescue in the future, Chen Dong will take advantage of his funds in Hong Kong to arbitrarily harvest the market. Yang Fugui does not want to fall into the tiger's mouth again after just leaving the wolf den of international hedge funds.
"I agree." Director Yang finally made his decision.
The most important thing right now is to drive Soros and the international hedge funds he leads out of Hong Kong. As for how Chen Dong will perform in Hong Kong in the future, we'll see then.
......
Continue read on readnovelmtl.com
