With adjustments to the central bank's monetary and fiscal policies, the gold rush has stirred up some waves in China. However, the substantial interest and margin requirements for Chinese stock market investors to purchase gold have increased the expected costs of gold trading.
Therefore, although Chinese stock market investors also want to enter the gold market, they don't have enough money in their pockets, and banks have raised the threshold for lending, so they can only look on with envy at the gold market.
After obtaining the latest sell-off data, Sino-Ocean Bank handed it over directly to the Soros Group.
Soros looked at their achievements in Southeast Asia and then at the reaction of the Chinese financial market, and couldn't help but feel a little annoyed.
"Although the foundation is making good progress in Southeast Asia, its attacks on China always feel like punching cotton."
The People's Bank of China adheres to a prudent economic policy, and the Soros Group's usual tactics have failed to take effect in China.
"What a pity for China's financial market," Soros lamented.
Since China opened up its economy, it has achieved significant development results, with its GDP doubling in just over a decade.
Cyber looked at Soros and asked tentatively, "Actually, our previous attacks on Hong Kong's financial and currency markets in Southeast Asia were just indirect attacks on China, weren't they?"
Soros hesitated for a moment, then nodded.
"In the free market, we can do whatever we want, using various methods such as exaggeration, attack, and instigation of conflict to achieve our goals."
Soros sighed, "But in a planned economy market, everything has to follow certain rules, which makes us feel constrained."
Cyber looked at him coldly, "I advise you to abandon the mainland market and make a decision to attack the RMB exchange rate and reap the benefits of the mainland financial market. You must establish a long-term short-selling period."
The mainland market only allows long positions, not short positions, and there are no short-selling institutions. The leverage ratio is too low. Even if someone can get rich overnight by trading gold, they are only a minority.
Looking at the Southeast Asian market, how many people have become rich overnight since retail investors entered the market? They all made money by using leverage.
Soros sighed, finally making up his mind to withdraw his funds, "From now on, return to the Hong Kong battlefield."
The people in the conference room all wore strange expressions of burgeoning ambition.
Lucy laughed and said, "We should have gone back a long time ago!"
Hong Kong has always been a major battleground for cybersecurity, and when he heard Soros's words, he was energized.
"Yellow River Capital is ready at any time."
The head of Sino-Ocean Bank, however, was still immersed in the booming atmosphere of the Southeast Asian gold market and was somewhat disappointed when he learned that he was going to leave.
Xiang Feng of Asia Travel Capital was also disappointed.
Throughout his career, he has only served as a mouthpiece between the Soros Group and Asia Travel Capital within Soros' team.
His teacher, Derim, ordered him to study under Soros and to lead Asia Capital, preparing him for Soros's currency offensives at any time.
They first reaped profits from the Hong Kong dollar bulls, then stirred up a gold craze in Southeast Asia, and now they're preparing to reap profits from the gold bulls before returning to the Hong Kong battlefield.
Several operations, complementing each other and linked together, gave stock market investors in these regions almost no chance to breathe.
In the world of capital, there is only endless bloodshed and turmoil, with no end in sight.
Gold prices have been driven up to $1,729 per ounce. If investors don't withdraw in time, even Soros and his ilk might end up being bought up at the top.
Soros was determined to maintain control of the situation before the Federal Reserve had completed its mission.
Otherwise, given the Federal Reserve's unscrupulous business practices, they might even take advantage of the Soros Group's long positions as well.
Third-party institutions don't see it as clearly. Since the national government reached an economic aid agreement with the United States, the Federal Reserve has attracted a lot of foreign investment to Southeast Asia.
Many of the companies that left have gradually returned, and the Southeast Asian economy has begun to improve, but the data is still unstable.
The local currency continued to depreciate, while the price of gold moved in the opposite direction.
Two months after Hong Kong's return to China, the stock market remained surprisingly unaffected.
Soros' Quantum Fund holds a large amount of gold stock index futures.
With the intervention of the Federal Reserve, the Hong Kong dollar's currency market has become increasingly stable in Southeast Asian markets.
With the stabilization of Hong Kong successfully completed, the Hong Kong Monetary Authority finally liquidated the previously collected Hong Kong dollars. To celebrate this successful market intervention, Du Xingzhi hosted a celebratory banquet at the Hong Kong International Hotel.
Colleagues from the Hong Kong Monetary Authority and the Financial Secretary attended the banquet, including all the analysts and traders who had been helping them with their operations during this period.
Shortly after the celebration banquet, the Soros Group quickly withdrew its investment from the Southeast Asian gold market.
The gold market saw an unusually large number of sell orders, causing panic among stock market investors and prompting institutional investors to withdraw.
Due to the influx of too many sellers within a short period of time, the price reporting system was temporarily paralyzed, and brokerages announced a trading halt, once again triggering a bloodbath in Southeast Asia.
At this time, the financial market is experiencing violent fluctuations, and the situation is deadlocked between gold bulls and bears.
The Federal Reserve's open-ended monetary policy has already pushed gold prices to high levels. Once dollar assets withdraw from the Southeast Asian market, the strong bulls will quickly find themselves with nothing to show for their efforts.
The Soros Foundation resorted to its old tricks, closing out all its short positions.
Southeast Asian retail investors, who seem to have a short memory of their losses, are once again mired in a stock market crash.
While eating, customers at the Xiangjiang braised food shop also took the time to curse Soros as a scoundrel.
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