The reason he wanted to confront Soros was simply because he was furious about Soros's attack on the Hong Kong dollar and wanted to show him that the Chinese are not to be trifled with.
"Soros's entry into the Indonesian market this time is different from before. He's been too hasty this time, making a move without thoroughly investigating the Indonesian political environment..."
Chen Dong explained his judgment: "He relied too much on the so-called intelligence network he built. This time, I'm going to teach him a lesson."
"Are you really sure the Indonesian rupiah will depreciate?" At this moment, Lin Zhiyuan, who had been observing from the side, couldn't help but ask.
He quickly took advantage of the moment when Afang was trying to persuade him to warn him, "The International Monetary Fund has now finalized its aid plan for Indonesia, and television stations have also broadcast the various economic stimulus policies they have signed in the agreement."
"This shows that the Indonesian rupiah is likely to be a positive factor in the future. If you sell the rupiah to Soros at this time, aren't you just doing someone else's favor?"
In fact, Chen Dong purchased the Indonesian Rupiah with the equivalent amount of US dollars, so in addition to the loss from exchange rate fluctuations, he also had to pay transaction fees and a considerable portion of the loan interest.
The profit from this deal with Soros was the difference between the market price at the time of purchase and the market price at the time of sale.
As per their previous agreement, the exchange rate was 300 points higher than the exchange rate on the day of the transaction.
Today, the exchange rate of Indonesian Rupiah to US Dollar is 3300, so the price for them to trade Indonesian Rupiah is 3000, a difference of 700 points.
"Just wait and see what the outcome will be," Chen Dong said somewhat impatiently.
His temporary committee members, having been businessmen for so long, had all become dull-witted.
Instead of leveraging their experience in the market, they became increasingly cautious, fearing they might suffer losses in the stock market.
But the problem is, if you walk by the river often enough, you're bound to get your shoes wet.
Having run Longteng for so long, Chen Dong still holds onto one belief: he can't win all the time, so he's always mentally prepared to lose.
The Suharto government in Indonesia used corruption, monopolies, and subsidies to benefit its family and infringe on national assets.
They established a centralized government through repressive measures and maintained their rule for decades.
Even with economic aid from the International Monetary Fund, this money would likely be wasted, ending up in the pockets of the Suharto family.
Chen Dong is not so optimistic about Indonesia's future.
The Hong Kong stock market is volatile, with short sellers and bulls locked in a fierce battle in a short period of time.
Hong Kong's financial channel saw its ratings soar within a month, even surpassing many entertainment channels.
Even citizens who have no interest in stock trading enjoy watching two hosts and several analysts argue heatedly about whether the exchange rate is rising or falling.
Sometimes, they treat these arguments as gossip.
Chen Jianlin, a famous financial channel host, is also a well-known star analyst on the financial channel.
Since news broke that the Swiss National Bank had injected large amounts of gold, Chen Jianlin predicted that international speculators had left Hong Kong.
The reason is that Soros's international hedge fund is already planning to target the next currency market; otherwise, they would not release negative news about gold prices without a reason.
It's worth noting that Soros's international hedge funds, international speculative capital, and large investment banks used the same tactics when they were reaping profits from gold bulls in Southeast Asia.
However, another analyst from the TV station disagreed with Chen Jianlin's view. He believed that Soros would not use the same old tricks to attack the next financial market, because if he used the same old tricks, he would not be able to attract international speculators to follow him.
What started as a free discussion gradually turned into a heated debate between Chen Jianlin and the assembled scholars.
Chen Jianlin urgently wants people to believe that international speculators have left Hong Kong and that everyone should pay more attention to the performance of the Southeast Asian market.
In this episode, the scene became chaotic because several teachers on the TV station were openly and subtly mocking a certain piece of information.
After the show was recorded, the producers were prepared to be criticized by the public, but to their surprise, the ratings for this episode broke the peak for the entire quarter.
The TV station's leaders also personally praised all the guests and behind-the-scenes staff who participated in the program recording, saying that they were very dedicated to popularizing stock market knowledge among the public.
As the host of this program, Chen Jianlin quickly became a household name as a star host on the financial channel and firmly established himself as the channel's top anchor.
The surge in viewership indicates that the message is spreading to a wider audience.
......
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