Some people are also considering their options, after all, they have already pushed the Hang Seng Index down to 7,000 points. Although the index has rebounded, overall they have made money.
In other words, even if it's just a brief rebound, many international speculators are already looking for ways out.
If the Hong Kong dollar could enter a free-floating phase as Soros predicted, international speculators would certainly follow him faithfully. However, with the stock index rebounding, no one knows whether the index will continue to rise or fall the next day.
International speculators are essentially a loose alliance. They flock to each other because of shared interests, but when faced with risks, they all become eager to change their ways.
Soros quickly realized that the international speculators' alliance was weakening. He was adept at manipulating people's hearts and had a masterful grasp of the power of the media.
Despite this situation, Soros remained unfazed and continued to brazenly claim in international economic newspapers that the decline in Hong Kong's financial market data was due to the inaction of the Hong Kong Monetary Authority and the Financial Secretary.
After Soros's lobbying efforts, Hong Kong and international media focused their attention on the Hong Kong Monetary Authority and the Financial Secretary.
“HSBC has become the center of the battle between our bulls and bears. As of today, HSBC’s share price is still at HK$158.” Wangcai reported to Chen Dong: “This time, our bulls’ attack was a great success. Hong Kong stocks surged by 580 points, and the Hang Seng Index increased by 334 points by the close.”
"This is just the result of our operations over the past few days. If we can maintain this offensive, international hedge funds will have absolutely no chance to fight back."
Upon hearing Wangcai's words, Chen Dong was not happy; instead, he was filled with deep worry.
The rebound in Hong Kong stocks has swept away the gloom that had been hanging over the Hong Kong stock market. However, Mr. Chen also realized that he could not simply rely on funds to drive the index up.
Furthermore, although Longteng made many preparations for this attack in advance, in the end, the bulls naturally occupy a defensive position, while international speculators are the offensive side.
At this point, the international speculators were only on the defensive, relative to Longteng's offensive.
“International speculators will definitely not leave the Hong Kong stock market so easily,” Chen Dong said quietly, looking at the index hovering above 7,000. “They came prepared this time and will not give up easily.”
Chen Dong's words instantly put immense pressure on all the traders and researchers who remained in the office.
The Hang Seng Index in Hong Kong rebounded strongly, attracting the attention of major Hong Kong media outlets. Financial Channel host Chen Jianlin announced on his program that the Hong Kong Monetary Authority was actively working to rescue the market.
When the news reached the mainland, Mr. Lin felt a surge of pride upon learning of Chen Dong's actions in Hong Kong. "This kid is indeed very clever and has a lot of guts."
"According to the financial channel, HSBC Holdings achieved such a large transaction volume during the bidding stage, with the bulls investing at least nearly HK$5 billion," Secretary Wang analyzed.
"Chen Dong has now joined forces with the Hong Kong Monetary Authority and the Financial Secretary to boost the CPI. The news released by this financial channel is probably also the official intention of the Hong Kong Monetary Authority."
Hearing this, Mr. Lin couldn't help but worry. "Even if the financial channel releases such news, in such a competitive time, international hedge funds probably won't believe such statements."
The Hong Kong government and DragonPay are not the only ones who have mastered the weapon of media; international hedge funds have also done so.
When the news broadcast by the financial channel reached Longteng, Wangcai and Ma Guoliang were unhappy.
“Chen Jianlin said that the Hang Seng Index rebounded this time because the Hong Kong Monetary Authority was actively rescuing the market. Isn’t that just stealing our credit?” Wangcai asked.
Chen Dong shook his head helplessly, "What's the point of arguing about this kind of credit?"
"We had already discussed this with the Monetary Authority, and we would cooperate to protect the market this time."
Ma Guoliang didn't care about these details. He greatly appreciated the Hong Kong government's ability to use the media to divert the attention of international hedge funds. "The news released by the financial channel that the Hong Kong Monetary Authority would actively rescue the market has, to some extent, boosted investors' confidence in Hong Kong's financial market."
"At the same time, by pushing the Monetary Authority out, we can better conceal our operations."
Looking at the big guy, Wangcai felt a surge of disdain. He sighed and asked Chen Dong, "So, should we continue buying?"
“Next,” Chen Dong tapped the table repeatedly, his mind racing with calculations, “we will increase the purchase quota by HK$1 billion, and at the same time, we will release some of the Hong Kong dollars we have absorbed.”
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