Chen Dong still warmly shook hands with Du Xingzhi, saying, "We've met before."
"It's good that we've met. Now it will be much easier to talk about what we need to discuss next."
At this moment, Chen Dong glanced at Li Jiacheng curiously, "President Du, what brings you here?"
Du Xingzhi wasn't one to beat around the bush. He looked at Chen Dong and said seriously, "Didn't Mr. Chen buy 20,000 short positions before?"
How did you know?
“Don’t worry about how I found out. Just admit that you’re also one of those shorting the Hong Kong dollar,” Du Xingzhi said seriously.
Seeing Du Xingzhi's aggressive stance, Chen Dong had no choice but to admit it.
However, he shook his head directly in front of Du Xingzhi, "I did buy a lot of short positions, but the majority of them came from Asia Travel Capital."
"The rest... were bought from the securities company."
“While I am bullish on the Hong Kong stock market, I am also bearish on it. So I previously invested in a lot of bullish industries and heavyweight stocks. But you say I shorted the stock market, that’s really unfair to me.”
Their rant was completely unreasonable. Even if Chen Dong participated in shorting the Hong Kong dollar, he used legal means, so Du Xingzhi couldn't say anything.
Chen Dong had indeed participated in persuading the four major families to go long, and he himself had shorted the market, which was discovered by others. Feeling guilty, he made a few excuses for himself.
"President Du, you know that my 20,000 short positions are nothing to the Hong Kong stock market," Chen Dong said with a smile. "The reason these 20,000 short positions seem important is because they appeared at the end of October, which is the time for futures contract settlement."
"I have so many short positions, so naturally I have to sell them before settlement, don't you think?"
Du Xingzhi gave a muffled "hmm" in agreement.
After all, regardless of whether Chen Dong participated in shorting the stock market, all his business methods were legal. At most, it was just a bit unethical, but he couldn't just pick on one moral flaw to criticize.
Li Ka-shing couldn't help but say a few words on behalf of Du Xingzhi, "Mr. Chen, you also know that international speculators came here because of their reputation. They are all hyenas following Soros' hedge fund. Soros may have left, but the international speculators have not all withdrawn."
"If you really are one of those shorting the stock market, I'd like to ask you: when exactly will international speculators be able to leave the Hong Kong stock market?"
Having heard this far, Chen Dong finally understood: it turned out that Du Xingzhi had come to inquire about information today.
Du Xingzhi also believed that this time the Hang Seng Index fell because international speculators were collectively suppressing the Hong Kong dollar market.
Chen Dong directly denied the matter.
"To be honest, this short-selling order was not purchased by me in the name of Longteng, but in my own name."
"This means that this short-selling order was a private transaction between me and the brokerage firm from beginning to end."
In fact, Chen Dong exploited a loophole here. If he took over this short-selling order in the name of Longteng Group, then the secondary market would have to announce that the holder of this short-selling order was Longteng Group.
If he is acting in his own name, the brokerage firm will not disclose the private buyer's information.
In this way, the impact of his short selling orders does not represent the company but only the individual.
“The role that individuals can play in the financial market is very limited,” Chen Dong told Du Xingzhi.
"As for what the president just mentioned about the international speculators' next move, I really have no idea."
This statement surprisingly gained Du Xingzhi's approval.
Since the big boss himself explained it this way, Du Xingzhi could only believe him for the time being. However, their purpose in coming here this time was not solely for those 20,000 short-selling orders.
Du Xingzhi patiently asked, "Mr. Chen, based on your many years of experience dealing with Soros..."
"The October contract settlement period is almost over, isn't it time for international speculators to leave Hong Kong?"
Chen Dong judged that Soros would not attack the Hong Kong dollar in the short term, after all, he had just released the news that Swiss banks planned to sell gold, which meant that his focus would definitely be on other currency markets.
"I don't know about international speculators, but Soros has already gone to Indonesia and won't be back anytime soon."
Du Xingzhi didn't quite understand and asked Chen Dong curiously, "How did you come to this conclusion?"
Just as Chen Dong was about to explain, there was a knock on the office door.
"Boss, Fang can officially start work now," Annie said to Chen Dong as she walked into the office.
Chen Dong nodded and beckoned the two of them to stand aside and listen.
"Releasing positive or negative news in the stock market and then attacking a country's currency market has always been Soros's modus operandi."
Chen Dong explained, "If he wanted to attack the Hong Kong stock market again, he wouldn't need to release any news about Swiss banks opening up their gold reserves. He could just take advantage of the current situation to dump shares and suppress the Hong Kong Hang Seng Index."
At this point, Du Xingzhi also sighed, "The Hengsheng Index has broken through 9300 points. This is partly due to the pressure from international speculators shorting the market, and partly due to the normal decline in the stock market caused by fluctuations in gold prices."
"Once the market liquidity for gold becomes active, the whole world will simultaneously enter a period of inflation."
"We don't have much time left."
Unlike his superior Yang Fugui, Du Xingzhi, although he also wanted to climb the ranks, was more interested in gaining the approval of his superiors.
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