There were many important figures present, but when it comes to experience in financial confrontations, Lu Feng is probably the only one who has it, especially since he won against Soros last year.
People take Lu Feng's opinion quite seriously.
"But we don't know the other party's situation right now. What if we tie up our funds in two places and end up with too many scattered investments, and end up with nothing?" someone suggested.
Lu Feng knew that these people were different from him. They had missions to complete and had tasks to finish. If they could keep either the Hong Kong dollar or the Hong Kong stocks, they could at least fool others. But if they lost both, their livelihoods would be at risk.
"I think everyone shouldn't be intimidated by Wall Street. They don't have much capital. How much Hong Kong dollars do they have overseas? How many short positions can Hong Kong banks open for them? How much capital are they willing to commit?"
"These are all things to consider. At the same time, I am very dissatisfied with the current situation. When dealing with Europeans and Americans, there is one thing to be careful about: they respond well to force but not to gentleness. If you make them obedient, they are easy to talk to. But if you soften your stance, they will pounce on you!"
"Given the current situation, I personally think we should take the initiative. We certainly can't defeat Wall Street in one fell swoop, but we can bury a group of international speculative funds and give bullish investors a lot of confidence. We need to gather enough friends. When Hong Kong stocks and Hong Kong dollar futures can bring profits, enemies will become friends."
Many people at the scene agreed with Lu Feng's idea, but the local financial regulators looked rather grim and sat there without saying a word.
"Let's stop here for today. We need to make further assessments based on the situation!"
After the meeting, Lu Feng was called to a side room. Seeing that the main leaders were somewhat unhappy, Lu Feng said, "This passive approach is very frustrating. Right now, both the general public and the business community are in a state of panic. While the Hong Kong Monetary Authority still has several hundred billion dollars, we should take the initiative to boost the Hong Kong dollar and Hong Kong stocks and send a positive signal to the outside world!"
"Mr. Lu, I agree with your approach, but this involves more than just finance. We also need to be mindful of unity and how we speak. I have to remind you of a couple of points on this."
"If you want everyone to work together towards a common goal, you must first be of one mind!"
Lu Feng pondered these two sentences for a moment and then said nothing more. He nodded and said, "It seems that only those who save people from danger are heroes, not those who prevent problems before they occur."
The group laughed when they heard this.
“Then I won’t worry about it. I’ll go back to Shenzhen in a few days when the kids start school. Contact me anytime if you need anything!” Lu Feng said.
After saying goodbye, Lu Feng drove straight to his small financial team. Because he had been notified in advance, when he arrived, about ten people were still pretending to have a meeting. However, the playing cards and chess pieces hidden under their desks gave away their daily activities.
"Good morning, Mr. Lu!" Manager Liu stood up and said, "We are in a meeting right now, making a comprehensive assessment of the current situation of Hong Kong stocks, and analyzing and judging the subsequent capital turnover, sustainable profitability, and securities market of United Capital."
Lu Feng looked at him as he talked nonsense with a serious expression, nodded silently, sat down and asked, "What is the current stock price of United Capital?"
"It has already fallen to 21 yuan. They withdrew from the stock buyback program today, but the price was set at 15 yuan as a safety net. Market expectations are very pessimistic. The plunge a few days ago caused United Capital's stock price to jump as well," Manager Liu replied.
"How long do you think it will take to reach fifteen? How strong is their resistance?" Lu Feng asked.
"Given the current sentiment, I'm afraid it could reach 15 yuan by next Friday. There was active buying today, which shows they're trying to support the market. The amount of funds involved is about 150 million yuan, but it still closed down 7%!" Manager Liu replied.
"Starting tomorrow, short the market and drive the stock price down to ten yuan. Once it's below ten yuan, start accumulating shares. Open more accounts, but don't buy too much, just twenty percent. Keep the average price around nine yuan!" After giving his instructions, Lu Feng stood up to leave, adding, "This must be completed before September 20th!"
“Mr. Lu, we can manage to push the stock price below ten yuan, but acquiring 20% of the shares below ten yuan is unlikely!” Manager Liu explained with some difficulty, “With such a large amount of capital, the more we buy, the higher the price will rise.”
"Just operate normally, the market will pave the way for you!" Lu Feng patted him on the shoulder and said, "Remember to report to me every day. I'll be back on the mainland in a few days, and we'll talk by phone!"
Manager Liu remained silent. He couldn't very well admit that he couldn't even handle such a small matter, could he?
After going downstairs, Lu Feng went back to the company and checked around. Everything was relatively stable. There had been some good news recently. Zhang Rujing's team had made a new breakthrough in the wafer field. As long as the materials were fine, they could catch up with the international level in wafer technology within three to five years.
Liu Cheng is still in Japan, mainly maintaining the relationship with Sharp. Currently, Hurricane Semiconductor's second-generation product is being tested, and Liu Cheng is the busiest person there. As long as there are no major problems with Sharp, Lu Feng plans to bring Liu Cheng back and send Zhu Lidong over.
After learning about some routine matters, Lu Feng called the three minority shareholders of United Capital and invited them to dinner. These three held a 23% stake in the company, and Lu Feng had been in contact with them throughout this period.
In the current environment, people with weak willpower are easily tempted to convert their assets into US dollars and flee the country. Clearly, the three of them couldn't hold on any longer.
It was still the Regent Hotel. Lu Feng had booked a private room and arrived at the room at 7:30 p.m. The three of them had been waiting for a long time.
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