The matter was far from over. Shortly after Soros's statement, the Federal Reserve stepped forward and said bluntly: "The Xiangxiang authorities should be held responsible for this matter, otherwise the status of Xiangjiang International Financial Center may have to wait until the rating is released before a judgment can be made."
These words are undoubtedly a threat to the Hong Kong authorities. As long as the Hong Kong Monetary Authority and the Financial Secretary do not give up supporting the Hong Kong financial market, international speculators will have no opportunity to stir up trouble in the Hong Kong market.
This matter is extremely "unfree" for them.
However, given Standard & Poor's authority in the global information industry over the years, Chen Dong still finds it hard to believe that they could be manipulated by Soros, abandon their independence in the global capital market, and become a tool for international speculators to control the stock market and manipulate indices.
Two days later, Wangcai hurriedly entered Chen Dong's office with a newspaper, looking like he was full of bitterness and resentment.
“Standard & Poor’s published a statement in the Wall Street Journal.” Wangcai handed the original copy of the newspaper to Chen Dong. “Standard & Poor’s credit analyst, Nicola Swank, published a commentary in the newspaper, which was aimed directly at Hong Kong.”
"This analyst seems to have forgotten about the structure of Hong Kong's foreign exchange reserves, and believes that Hong Kong authorities' intervention in the financial market has increased the risk of exchange rate volatility."
"In addition, he specifically predicted the rating results for three aspects in Standard & Poor's rating structure: Hong Kong's economic structure and growth prospects, Hong Kong's external financial liquidity and international investor positions, Hong Kong's fiscal performance and flexibility, and debt burden."
At this point, Wangcai and Ma Guoliang looked at Chen Dong and said, "S&P has now changed Hong Kong's credit watch from stable to pending, which means that the downgrade of Hong Kong's rating has already been decided internally."
Chen Dong was speechless after hearing this.
In a battle of wits in the world's financial markets, Soros first mobilized the Federal Reserve, and then brought in Nicholas Vanke, an analyst from Standard & Poor's, to speak.
These two figures, both influential in the global financial world, attempted to disrupt Hong Kong's economy by exploiting investors' reliance on Standard & Poor's credit rating services, risk assessments, and other financial services.
"I don't know the internal situation at S&P," Chen Dong said gravely, his eyes fixed on the newspaper in his hands. "But have you noticed?"
"Regarding the Federal Reserve, it wasn't the Federal Reserve that issued an official statement, but rather the Federal Reserve that spoke in various media outlets about Hong Kong's status as an international financial center. As for Standard & Poor's, it wasn't Standard & Poor's that directly assessed Hong Kong's debt repayment capacity, but rather S&P's credit analysts who spoke out."
Ma Guoliang frowned. "You mean that in these two matters, the human factor had too much influence?"
"At least the Federal Reserve only criticized Hong Kong for so-called intervention in the free market, without making any further excessive comments." Chen Dong then turned his attention to Standard & Poor's, "and no authoritative information has come out from within Standard & Poor's."
"These people are very likely being manipulated by the Soros Group in an attempt to disrupt investors' assessment of Hong Kong's economy."
The Hong Kong financial market was first thrown into chaos by the Soros Group, and then Chen Dong led offshore companies to rescue the market. However, they put on a hypocritical act and made things difficult for the Hong Kong authorities at every turn.
......
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