Such reports are increasing, and public opinion is impacting Hong Kong's financial market, as well as impacting every person at Longteng who is actually on the edge of trading.
Holding the latest issue of the financial news channel, Xiang Huasheng saw the headline "Hong Kong's Economy is in Peril!" on the front page and was immediately plunged into a deep sense of despondency.
"We've already invested over 5 billion in the Hong Kong market, haven't we?" Xiang Huasheng looked at Chen Dong, who was resting with his eyes closed in a wicker chair in his office. "When will this end?"
Chen Dong slightly opened his eyes. "Whether it's a planned economy or a free market, it always has to follow certain economic laws."
"The Soros Group's short-selling forces are coming on strong. This time, the scale of their short-selling of the Hong Kong stock index is so large. Obviously, they haven't reached Hong Kong's bottom line yet, and the market will not bottom out and rebound."
Upon hearing this, Xiang Huasheng lowered his head and said, "That's as good as saying nothing at all."
Where exactly is the bottom line for the Hong Kong market?
The question caused the previously silent atmosphere in the office to gradually become tense.
Annie and Lin Zhiyuan looked at Chen Dong curiously. Lin Zhiyuan couldn't hold back any longer and asked, "Is the Hong Kong economy really as bad as the newspapers say? Will the Hang Seng Index really fall below the 3,000 mark?"
Upon hearing this, Chen Dong snorted coldly, then closed his eyes to rest. "Do you know what breaking through the 3000-point mark means? It means that two-thirds of Hong Kong's economic assets have evaporated."
"so much?!"
People in the office have been used to the Hang Seng Index falling for more than three consecutive months, and sometimes they even think that falling is the norm.
As the index repeatedly tested the bottom, the traders at Longteng became increasingly tolerant of further declines.
Even now, Hong Kong financial newspapers are publishing predictions from economic experts that the Hang Seng Index is very likely to break through 3,000 points, and they don't think it's an impossible thing.
“No matter what, Hong Kong has the mainland to back it up,” Chen Dong said, turning his head slightly and speaking indifferently. “How could the mainland just stand by and watch such a prosperous free port as Hong Kong be harvested by international hedge funds?”
Upon hearing this, Annie and Lin Zhiyuan exchanged a glance, both of them pursing their lips tightly.
They originally trusted the mainland, but the mainland had just experienced the floods from June to August, and the urban flooding caused by the floods has not been completely eliminated.
After Chen Dong returned to Hong Kong, good news of successful flood control came one after another from the Yangtze River, Nenjiang River, Songhua River and other river basins in mainland China. It was because of this that they felt even more strongly that after a period of internal strife, mainland China was no longer able to support the Hong Kong stock market.
What puts the most pressure on Longteng is that after a series of financial storms, the entire financial market in Southeast Asia has become a mess.
Southeast Asian governments are now on edge, and as soon as they hear from the news media about an international speculator's attack on Southeast Asia, they immediately devalue their currencies to avoid a crisis.
Thailand, Singapore, Malaysia, and H country are all countries that have directly confronted international speculative capital. Even if the Soros Group only stayed in Hong Kong, it would be enough to make them tremble with fear.
The crucial point is that Hong Kong has close financial ties with Southeast Asia, and the financial markets of Southeast Asia and Hong Kong influence each other.
Therefore, the economic crisis in Southeast Asia has catalyzed the instability of Hong Kong's financial market. This instability, coupled with the malicious stock speculation by the Soros Group, makes it even more difficult to maintain a peaceful, stable, and developing financial ecosystem in Hong Kong.
The mainland had just experienced the devastation of massive floods, and all industries were recovering. Southeast Asian countries were struggling to breathe, while Hong Kong had become a meat pie on the chopping block for international speculators.
At this time, the Russian ruble continued to depreciate, which affected two major regions: Asia and Europe.
Amid a global economic downturn, Russia's economic situation is particularly dire.
The Russian ruble is facing rampant short selling by international speculators, its military industry is being suppressed by the United States, and its oil industry is being betrayed by the Middle East.
Under multiple blows, Russia's fiscal problems have been amplified step by step, the domestic unemployment rate has increased further, the economy has continued to decline, and foreign trade volume has shrunk by nearly one-third.
Even so, a weakened camel is still bigger than a horse. Russia's military strength is formidable, and if its economy collapses, its politicians will inevitably resort to political means to divert attention from economic problems.
That is why, although Soros led international hedge funds to short the ruble, he did not dare to suppress Russia too much during the entire operation.
Chen Dong took several newspapers from Xiang Huasheng. These newspapers came from different publications, but apart from entertainment newspapers, the themes of the front pages of the other newspapers were almost the same.
Soros is adept at using public opinion as a weapon to manipulate people's hearts and minds. In his eyes, global speculators are like a troop of monkeys; whichever direction he fires a signal flare in, international speculators will rush in that direction.
“The domestic economy is currently stagnant, especially the industrial market in the mainland. Since the opening up of the economy, there has been a boom in setting up factories in the mainland, and now the entire market has obvious overcapacity.” Chen Dong frowned.
Lin Zhiyuan nodded and added, "Now, if the mainland wants to further promote economic development, there are only two paths: the first is to boost domestic demand, and the second is to open up foreign trade channels."
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