Chapter 269 Chrysanthemums wither, wounds cover the ground



"Okay, go ahead."

Zhao Ye smiled, slowly poured himself a cup of hot tea, and then smelled the aroma of the tea, a look of intoxication on his face.

...

In Hong Kong, Zhao Ye's method was quickly implemented.

The Hong Kong British government had no choice but to consider the demands of the mainland and Hong Kong people.

As the Hong Kong British government raised interest rates on Hong Kong dollar loans, international speculators suffered losses.

However, although their attempt to steal a chicken backfired, international speculators are unlikely to give up easily.

When their first plan failed, they devised another, setting up a series of traps: First, they sold off large amounts of Hong Kong dollars in a short period of time, forcing the Hong Kong government to raise interest rates, which would inevitably lead to a sharp drop in the Hong Kong stock market for several days; second, they bought put orders for the Hang Seng Index in advance in the Hong Kong stock futures market. If the timing was accurate, a single order could earn them HK$50 if the index fell by one percentage point!

"The international speculators are no good! They failed so quickly. I don't know what those Southeast Asian countries were doing. They're so incompetent!" A Hong Kong stock investor exclaimed excitedly upon seeing a newspaper article about the international speculators suffering heavy losses and a crushing defeat.

Many Hong Kong citizens' fear of international speculators has lessened somewhat.

Oh, so they aren't invincible after all~

However, before the people of Hong Kong could even finish celebrating...

International speculative capital launched a massive counterattack, splitting into three groups to simultaneously attack Hong Kong's foreign exchange, stock, and futures markets: borrowing huge sums of money from Hong Kong banks to suppress the foreign exchange market; dumping all its stocks to drive down the stock market; and placing large orders for index declines in the futures market, waiting for the Hong Kong government to give in and surrender.

With attacks coming from all three directions—upper, middle, and lower—Hong Kong is gradually finding itself unable to withstand the onslaught.

Amidst the dramatic rollercoaster ride of Hong Kong stocks, financial tycoons have successfully executed their schemes, reaping a windfall of ill-gotten gains.

Countless Hong Kong people are plunged into despair.

"Zhao Ye, please, please come and save the market! We can't hold on any longer!"

Countless Hong Kong people took to the streets to petition in front of the Hong Kong branch office of the Wujiang Group.

The Hong Kong government certainly wouldn't use money to bail out the market; most of the funds had already been transferred to the UK.

Mainland China cannot directly intervene, but if it weren't for Wujiang Group, China wouldn't have too many concerns and would act when necessary.

Now that Wujiang Group has stepped forward, the mainland side is also hoping that Wujiang Group can take action in a timely manner.

"Chairman Zhao, the leader just asked us when we're going to intervene in the market. It seems the leader is getting anxious..." Liu Yinyin reported.

Upon hearing this, Zhao Ye put down the extremely expensive Tibaldi luminous fountain pen he was playing with. In his collection, this pen was worth a fortune. In his previous life, it had been sold at a charity auction in Shanghai in 2010, where an anonymous bidder paid an astonishing $8 million.

"Yes, the time has come. It's time for us to make our move. Immediately have the group's spokesperson, Fu Xiaoyue, hold a press conference to announce that Wujiang Group is determined to intervene in the market, defend the Hong Kong dollar, and protect the interests of Hong Kong people!!!" Zhao Ye said in a deep voice.

“Okay, Chairman Zhao!” Liu Yinyin replied and immediately contacted Fu Xiaoyue.

On the afternoon of June 15, Fu Xiaoyue, spokesperson for Wujiang Group, announced that Wujiang Group would mobilize huge sums of money to intervene in the Hong Kong market and confront financial tycoons!

This news caused a huge sensation, and a silent battle to defend Hong Kong's financial system has attracted global attention!

At this moment, the whole of Hong Kong was in an uproar!

"The Hang Seng Index has fallen by nearly 10,000 points in half a month. Wujiang Group must defeat the international speculators!!!"

Countless Hong Kong people are praying.

The following morning, as soon as the Hong Kong stock market opened, Wujiang Group began buying aggressively, supporting the Hang Seng Index and reversing its downward trend. In the following five days, the Hang Seng Index surged by 1,292 points.

This surge has restored confidence among Hong Kong people.

Taking advantage of this opportunity, Wujiang Group bought a large number of shares in listed companies such as Cheung Kong Holdings, CK Hutchison Holdings, Jardine Matheson, Sun Hung Kai Properties, Hang Seng Bank, HSBC, Hong Kong Telecom, Hongkong Land, Chow Tai Fook, Hong Kong and China Gas, Wharf Real Estate Investment Company, and China Resources Group...

Wujiang Group single-handedly took on international speculators – how incredibly impressive!

International speculators are panicking. Wujiang Group must be making money hand over fist, they're fucking rich!

International speculators, led by George Soros, immediately poured more money into shorting Hong Kong.

At this point, it's time to compete on financial resources.

At this time, the people of Hong Kong were full of confidence and united as one. Hong Kong enterprises, institutions and individuals joined this financial war in order to protect themselves.

Only by winning can they keep their wealth.

If the Hong Kong dollar loses, it will inevitably depreciate significantly, and the wealth of all Hong Kong people will shrink drastically.

International speculators were caught in a dilemma and frantically mobilized more funds to short sell; in Hong Kong, Wujiang Group continued to buy regardless of its opponents' moves, pushing up the Hang Seng Index.

As time went by, the international speculators became increasingly anxious.

Soros felt increasingly uneasy.

June 28th arrived quickly, the settlement day for Hang Seng Index futures, and the decisive moment for both sides. Victory or defeat hinged on this one battle.

"This is the final battle, and we international speculators must unleash all our firepower to attack the Hong Kong stock market!" Soros gave his final pre-battle pep talk.

International speculators come from various countries and institutions, and ultimately they are a disorganized group.

It's fine to fight when things are going well; everyone should charge in headfirst.

However, when faced with adversity, self-preservation is of course the priority.

When things started to look bad, a lot of international speculative capital withdrew.

This chapter is not finished, please click the next page to continue reading!

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