“Chen Dong is indeed a genius.” Zheng Yutong looked at Li Jiacheng and said tentatively, “Whether in the Southeast Asian battlefield or in the island nation of H, he has never suffered a loss in his operations.”
"Aside from the massive flood a few months ago, which caused the Mitsui Group to suffer a significant loss, Chen Dong has indeed had almost no record of defeats in the financial market."
Judging from Zheng Yutong's words, Li Jiacheng could tell that he was on the side of Hong Kong and Chen Dong.
However, his hesitation was not because he didn't want to choose Hong Kong, but because international hedge funds were simply too powerful. So many countries in Southeast Asia had been brought down by them, and Soros, the leader, had a very strong influence in the world financial field.
To put it bluntly, Chen Dong is like someone with hundreds of millions of dollars at his disposal, but so what? Soros published an article in the Wall Street Journal, and in one day, the Dow Jones Industrial Average in the United States dropped by 200 points.
To put it bluntly, Soros doesn't rely on a large amount of capital. Over the years, he has accumulated a strong influence among international speculators. Even if he doesn't have any capital himself, he only needs to use the power of the media to create public opinion, and international speculators will flock to him and follow his lead.
“I wonder how much capital Chen Dong has prepared this time to deal with international hedge funds.” Li Ka-shing also began to hesitate. “According to Soros’s past behavior, he has at least twice the usual amount of chips in his hands this time, which should be hundreds of billions of dollars.”
Seeing that Li Ka-shing's attitude had softened somewhat, Guo Bingxiang quickly said, "Just now Chen Dong made a solemn vow that he had obtained a sum of foreign exchange from Saudi Arabia, so he could deal with international hedge funds. I think his industries in Saudi Arabia are mainly energy and mining, and the scale of his funds should have reached hundreds of billions."
“Without hundreds of billions, how could Chen Dong dare to wage war against international hedge funds?” Zheng Yutong sighed, then sneered, “Because I see that Chen Dong is so confident, he must have not only cashed out, but there must be some other deal between him and the Hong Kong government.”
"The Hong Kong government?" Li Ka-shing asked curiously, "You mean that the Hong Kong financial channel's announcement of the Hong Kong Monetary Authority's market rescue was in coordination with Chen Dong's actions?"
Kwok Ping-cheung, who was always slow to react, suddenly realized what Li Ka-shing meant after Li's words. "That's right! If there is no communication between the Hong Kong Monetary Authority and Chen Dong, why have all the newspapers and television stations in Hong Kong been broadcasting positive news about Hong Kong stocks these days? It is obvious that the Hong Kong Monetary Authority is cooperating with Chen Dong."
“Moreover, I noticed something: the news released by official newspapers and television stations always preceded Chen Dong’s actions,” Zheng Yutong added. “Their coordination is so seamless that it’s hard to believe that Chen Dong had no dealings with the Hong Kong Monetary Authority.”
After some analysis, Li Ka-shing and Zheng Yutong agreed on the idea of official intervention in the market. However, unlike the official intervention understood by Soros and his group, the Hong Kong Monetary Authority did not use its own power to manipulate the stock market. Instead, it let private capital do it, while it stayed behind the scenes and used the weapon of public opinion to cheer for Chen Dong.
“Since there is official involvement and Chen Dong controls such a huge amount of funds, I think the side that goes long has a better chance of winning.” Guo Bingxiang, without any guile, said directly to Li Jiacheng and Zheng Yutong, “Uncles, why don’t we follow Chen Dong and go long?”
Li Jiacheng gritted his teeth and looked at Zheng Yutong with a questioning gaze. After hesitating for a long time, Zheng Yutong finally nodded.
The other two families, Kwok Ping-cheung and Lee Ka-shing of the Lee family, are younger members in charge. With the elders' statements, they quickly indicated that they would follow Chen Dong.
The current situation between bulls and bears is clear. If they want to join the battle, they simply have to choose to go long or short.
That evening, Chen Dong received calls from the four major families, who expressed their willingness to cooperate fully with him in the next operation.
Chen Dong put down the phone and looked at Annie with sincere admiration. "It seems that the four major families have ultimately chosen our side."
“Actually, we have so many chips in our hands. Even without the power of the four major families, our cooperation with the Financial Supervisory Commission alone is enough to crush international hedge funds.” Annie said with some disdain, “Bringing them into the game is just to prevent them from turning the tables and becoming short sellers.”
Chen Dong listened to Annie's words and shook his head with a smile, "That's not entirely the reason."
“In the current Hong Kong market, our offshore companies are in a three-way standoff with international hedge funds led by Soros and the Hong Kong Monetary Authority. The collapse of any one of them would increase the chances of success for international hedge funds.”
"Bringing them into the game was partly to get financial support from them, and partly to balance the hedging of funds in the Hong Kong stock market."
Anne suddenly realized, "So the four great families are of such great use."
"How useful it will be remains to be seen, depending on market feedback." Chen Dong frowned, also wondering what kind of situation would emerge in Hong Kong after the four major families entered the market.
Just after the four major families entered the market, the Hang Seng Index opened the next day and surged from 7,700 points to break through the 8,000-point mark.
Upon arriving here, Soros and his companions began to panic.
"The Financial Supervisory Authority has been supporting the market for over a week now. Do they have inexhaustible funds?!" Soros began to doubt his own judgment.
Cyber seemed unsurprised, saying, "The Hong Kong Monetary Authority has at least hundreds of billions in reserves in its HSBC account. They're currently in a high-spirited phase, so it's understandable that they're buying stocks so recklessly."
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