So far, White Gloves has not made a move.
As for the Hong Kong Monetary Authority and Financial Secretary, they used the Monetary Authority's account at HSBC to join Soros in buying up Hong Kong dollars.
In addition, there are HSBC, Citibank, Times Bank, other private commercial banks, etc., who, together with Hong Kong's financial giants and short-selling institutions, form a third-party observation group.
Soros, as a buyer, often competes with financial authorities to pay the bill.
Guo Bingxiang contacted his asset management firm, and several client managers advised him to go long with Soros.
However, Guo Bingxiang always felt that going long in the market was not Soros's style.
"If Soros wants to go long, it's to hype up the market, raise the Hong Kong dollar's value to its highest peak, and then buy at the bottom, which would leave more room for a decline."
"When he and his white gloves buy the dip together, those who follow the trend and go long will become Soros's韭菜 (leeks/leeks)."
Guo Bingxiang rejected the account manager's suggestion for the second time, saying, "Let's wait and see. Uncle Li didn't follow the trend of going into business either."
Third-party institutions in Hong Kong are also speculating about Soros's true purpose and what level he intends to raise the Hong Kong dollar to.
Two days later, the Monetary Authority released positive news.
They loudly proclaimed in the public media that the 5 billion yuan in market stabilization funds from the mainland had been transferred to commercial bank accounts.
As a result, Hong Kong citizens, retail investors, financial tycoons, and all third-party institutions have made updated assessments of Hong Kong's financial situation.
Market confidence in the value of the Hong Kong dollar has finally been established, and listed companies and commercial banks have turned their attention to the bullish side of the Hong Kong dollar.
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