"Exactly! They were the ones who criticized the Hong Kong Monetary Authority for interfering in the free market back then, but now that we've exposed the facts, they've turned their guns on the Hong Kong government and accused it of not caring about the stock market."
"Soros always manages to find the public opinion that's most favorable to him." Chen Dong put down his newspaper and asked Lin Zhiyuan, "Has there been any reaction from Yang Fugui's side?"
Lin Zhiyuan shook his head. "Logically speaking, we should have already received the news from the United States. The Hong Kong Monetary Authority and the Financial Secretary should have received it long ago as well. However, they have neither refuted nor admitted Soros's remarks. They are still responding to media inquiries with a cool attitude."
Chen Dong frowned and decided to stop pinning his hopes on the Hong Kong authorities.
"The Hang Seng Index dropped to 8670 points at the opening today, and the trend of Hong Kong dollar depreciation is becoming more and more obvious," Chen Dong said, rubbing his throbbing temples. "Soros released the news at this critical juncture that the Hong Kong government has not intervened in the free market, with the aim of undermining investor confidence."
“Once retail investors, third-party institutions, and international speculative funds that were bullish in Hong Kong—whose confidence in going long originally came from official support—will be very disappointed after learning that the Hong Kong Monetary Authority did not participate in the market rescue.”
This was Soros's goal: to put the Hong Kong Monetary Authority's plans to boost the economy on hold.
“Don’t we have several tabloids under our control?” Chen Dong looked at Lin Zhiyuan with a sinister expression. “Have them simultaneously report major news from Hong Kong to artificially create a favorable situation.”
Lin Zhiyuan asked curiously, "What news?"
"A list."
Upon hearing this, everyone perked up their ears.
"List of those who have abandoned Hong Kong"
Seeing their still puzzled expressions, Chen Dong patiently explained, "They sold off a large number of stocks before, dumping nearly 30,000 lots at once. Now it's almost the end of the month, and they still haven't closed their positions."
"What do you all think their next plan is?"
Ma Guoliang subconsciously said, "Use the last week of August to buy or borrow stocks in large quantities, then sell them to drive down the Hang Seng Index to a certain level, and then buy stocks at a low price to close out positions."
“It’s too late to buy.” Chen Dong looked at the computer screen on his desk, and a three-dimensional blueprint seemed to appear in his mind, showing important data from various stock markets. “Right now, the major shareholders of stocks are us, the four major families, and the Hong Kong Monetary Authority.”
"If they were to complete the three stages of dumping shares, accumulating shares at low prices, and closing out their positions within a week, the value of the shares they held would have to reach at least $10 billion. However, after our previous rounds of bidding, the brokerage firms and securities companies that still hold large sell orders in the market have basically run out of shares. Others... such as third-party institutional brokerage firms and securities companies are all in the wait-and-see stage."
At this point, Chen Dong's eyes lit up. "In other words, now if they want to buy or borrow stocks, they can only do so through major shareholders of Hong Kong-listed companies, controlling stakes in commercial banks, and other assets."
Anne suddenly realized, "I understand! Soros's current focus is on borrowing shares from major shareholders and bank-controlled companies, so they must have been frequently contacting wealthy individuals and listed companies in Hong Kong during this period."
"It's understandable that capitalists, driven by fame and profit, would choose to lend their stocks to Soros. However, if we expose this, it will definitely cause a major upheaval in the stock market. After all, Asians have a strong sense of moral purity regarding those in power. If these tycoons, shareholders, and controlling banks fail to protect Hong Kong and instead lend their assets to overseas speculative capital to undermine Hong Kong, the citizens of Hong Kong will surely condemn them!"
Chen Dong's move, which effectively cut off Soros's access to external assistance, was a decisive step.
Lin Zhiyuan has exceptional execution skills; in less than a day, the list was spread throughout the streets and alleys of Hong Kong.
"The three dark minutes initiated by Soros a few days ago directly wiped out so much money from the stock market, and now there are so-called lists and reports of short selling..."
"What's going on? The general manager of HSBC's Hong Kong region has also reduced his stock holdings?"
"Didn't he swear back then that he would definitely support the Hong Kong authorities? He's really two-faced, outwardly eating the government's rice, but secretly handing Soros a knife."
Several citizens who received the newspaper discussed, "If they dare to lend stocks to Soros, not to mention whether the Hong Kong Monetary Authority will tear them apart, if the government has any bidding projects in the future, they will also put them on the blacklist."
"Helping international speculators means abandoning Hong Kong. So that's what the list of those who abandoned Hong Kong means!"
"It's not that simple," an experienced stock market investor added. "The Hong Kong Monetary Authority isn't the only one supporting the bulls; the four major families of Hong Kong are also involved. There are no other wealthy individuals involved."
“Every bit of pressure the short sellers exert on the Hang Seng Index means that these wealthy individuals’ assets evaporate by a fraction.”
"They shorted the stock index, and these sell orders appeared in the stock market. The buyers were still the four major families and Hong Kong tycoons. They once wanted to swallow Soros whole. Now it has been revealed that shareholders of listed companies and controlling banks are willing to lend their shares to Soros. The bulls in Hong Kong will not let them go."
The overwhelming news coverage has made the "list of those who have abandoned Hong Kong" a hot topic. Anyone with a basic understanding of stock market principles knows that this is a tactic used by international speculators to accumulate shares.
That day, two hosts on the financial channel made sarcastic remarks about the people on a list of those who had recently abandoned Hong Kong: "Some Hong Kong tycoons have absolutely no sense of social responsibility! They live off the Hong Kong stock market and receive subsidies for Hong Kong's commercial development, yet they still help outsiders disrupt Hong Kong's economic order."
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