Diamonds of this caliber are enough for wealthy people worldwide to boast about, even if they only own one.
However, Chen Dong now possesses three top-quality diamonds, and his willingness to use his most precious possessions on three women demonstrates the depth of his feelings for them.
Lin Zhiyuan knew that Chen Dong was preparing jade and diamonds, and he could guess what he was planning without even thinking. However, Chen Dong had not revealed anything to his women, and Lin Zhiyuan guessed that he might want to give them a surprise, so he remained silent.
For a whole week, bulls and bears have been fighting tooth and nail for market share, neither willing to give an inch.
By the close of trading on the afternoon of the 17th, the Hang Seng Index had stabilized at 8,000 points.
With the Hong Kong Monetary Authority raising interbank lending rates by 75 basis points, an increase of 2.75%, the cost of short selling is now a reality for international hedge funds.
Therefore, many international speculators, unable to afford such high costs, have had to abandon the market and leave.
The turning point came on the 18th and 19th when important figures from the mainland appeared in Hong Kong one after another.
The Monetary Policy Committee and the Development and Reform Commission announced their Hong Kong itineraries almost one after the other, and their visit to the Financial Secretary of Hong Kong at this juncture inevitably raises questions.
According to the intelligence received by Chen Dong, the mainland's monetary committee and the National Development and Reform Commission met with the Hong Kong Monetary Authority and the Financial Secretary for the same purpose, and the key figure presiding over the meeting was Mr. Lin.
Since Chen Dong participated in the market protection effort as a private Hong Kong investor, the Hong Kong Monetary Authority invited him to participate in the talks. In addition to Chen Dong, there were also owners or heads of Chinese-funded institutions like Chen Dong participating in the talks.
"Ladies and gentlemen! The fact that Hong Kong's financial market protection efforts are going so smoothly in the face of aggressive international speculators is all thanks to your support for Hong Kong's economy."
On stage, Mr. Lin delivered a speech, saying, "On behalf of the mainland, I thank you all."
Mr. Lin then praised the Hong Kong Monetary Authority and the Financial Secretary for their various measures in dealing with international hedge funds, and then expressed his unconditional support for the Hong Kong authorities, who are currently caught in the vortex of public opinion in the free market.
"I know that whatever decision the Hong Kong authorities make is in order to save Hong Kong's economy and drive out international speculative capital."
According to the agreement between the mainland and Hong Kong, the mainland cannot interfere with Hong Kong's economic strategies. Therefore, Mr. Lin did not actually know what the specific market protection measures of the Hong Kong Monetary Authority and the Financial Secretary were.
"It's our duty," said Du Xingzhi of the Hong Kong Monetary Authority (HKMA) vaguely. "Fortunately, our market stabilization efforts this time were not isolated. Before the stabilization, we contacted a considerable number of Chinese-funded institutions and private capital from Hong Kong to get involved."
"The role played by the Hong Kong Monetary Authority and the Financial Secretary in this matter is very limited. I believe that the success of this market rescue operation, which has lifted the Hang Seng Index from the brink of collapse to its current level, is entirely due to the efforts of entrepreneurs and private capital."
Upon hearing this, Old Lin looked at Chen Dong and nodded with great satisfaction.
If this were in mainland China, Mr. Lin would definitely praise him in public. However, he also invited the owners of the four major families and other private capital and Chinese-funded institutions in Hong Kong to participate in this meeting, so Mr. Lin could not make Chen Dong too special in front of everyone.
After the meeting, Mr. Lin specifically asked several of the entrepreneurs who participated in the talks to stay behind and discuss with them the details of dealing with international hedge funds.
The talks between the mainland and Hong Kong were unexpectedly high-profile. Hong Kong's financial channel summarized several measures mentioned by the mainland during the talks to boost Hong Kong's economy, which gave Hong Kong investors confidence.
After all, China now has the world's largest foreign exchange reserves. Let alone whether the mainland will participate in the bailout, it could easily buy up the entire Hong Kong.
With the political situation becoming clearer and Hong Kong's financial channels reporting several positive news items about the stock market, the Hang Seng Index quickly followed the market's reaction and steadily rose.
After attending the meeting with his superiors, Chen Dong returned to Hong Kong, feeling full of energy.
Wangcai and Ma Guoliang sold nearly 30,000 futures contracts through offshore companies, and all 30,000 contracts were huge sell orders.
Wangcai calculated that they had used a total of US$1 billion this time. Because the Hong Kong government was eager to show its strength after receiving support from the mainland, in mid-August, the Hong Kong authorities spread a lot of positive news about the stock market by hyping up the media and public opinion, which raised the Hang Seng Index by nearly 80 points.
However, Soros has not given up on major sectors such as agriculture, forestry, fisheries and animal husbandry. In Wangcai's opinion, they will likely take further action.
“However, Soros has always liked to act unexpectedly, and international hedge funds hold a large amount of capital. Once they take action, it will be too late for us to react according to market feedback.” Chen Dong frowned.
Just now, during the meeting, Mr. Lin praised him for his great contributions to Hong Kong's economy, but the fact is that international hedge funds led by Soros have not left Hong Kong yet, and their battle is far from over.
Ma Guoliang habitually opened the computer's trading interface, analyzing the current situation in his mind as he said, "The strong support from the mainland has a significant impact on Hong Kong investors, as can be seen from the changes in market trading volume over the past few days."
"Market trading volume is increasing, and the number of trades between long and short positions in major constituent stocks and listed companies has doubled compared to before. However, what is strange is that the rise of the Hang Seng Index is not ideal."
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