"Hong Kong has returned home. Some people with ulterior motives can't stand the reunion and are just causing trouble behind the scenes. The Hong Kong stock market is very healthy. Everyone should seize this historic opportunity like the one around 7 points, because I know that a very large amount of capital from the mainland is going to come in to support the foreign exchange and stock market. At the same time, we also have plans to invest in and build a more beautiful Hong Kong!"
"So, can you tell me about the current financial situation?" the reporter asked.
"I know everyone is uncertain, so I'll reveal the details here: the first tranche is $100 billion, and more funds are always available. You might be thinking, does the mainland only have a little over $100 billion in foreign exchange reserves? We are a sovereign nation with a strong currency, we have friends internationally, and we are a major power!"
"From now on, shorting the Hong Kong dollar or shorting Hong Kong stocks is an extremely dangerous thing!"
During the interview, Lu Feng did not use any extreme remarks, mainly to avoid causing any unnecessary trouble. The interview ended at 7:30 p.m., and the foreign exchange market would open at around 8 p.m. Lu Feng quickly ate a bite of food and rushed to the foreign exchange exchange.
There were more than 20 traders on site, all of whom were top-notch in the industry. Lu Feng had a brief meeting with them to learn about the situation in the previous period. Currently, speculative funds are quite aggressive. They sell first, and then European funds come in. Speculative funds immediately withdraw when they have a 10% profit.
"These past few days have mainly been European funds; I heard it's from the Schroders Group," the manager said.
"The Schroder Group?" Lu Feng thought to himself. It really was a case of running into them all the time. He addressed the crowd, "Tonight we have only one goal: first, to wipe out the speculative capital, crush these small funds, make them suffer, and deter them from coming back. Then we'll deal with the big players!"
After finishing the meeting, Lu Feng took out his phone and called Sean to get some information about the situation. Sean repeatedly denied shorting Hong Kong, saying that he didn't know much about such things, and that it was only some companies in the City of London that were doing it.
However, he could help inquire about the relevant situation, but Lu Feng needed to reveal some information to him in exchange for information. A dozen minutes later, Sean called to inform Lu Feng about the funding situation on his end, which mainly involved Wall Street companies this time.
"Okay, I understand. If you're inside, you'd better get out quickly. I'm in charge of this now. I can tell you this: after tonight, things will never be the same again." Lu Feng hung up the phone immediately after saying that.
Whether Sean listens or not is none of his business. If he retreats, there will be less pressure when the price is driven up. If he doesn't listen, he'll kill one or bury a whole group anyway.
"The market has opened!"
Lu Feng turned around and looked at the numbers displayed on the big screen. Outside the glass window, a group of leaders were watching. Lu Feng saw that as soon as the market opened, HK$160 million was thrown out, neatly arranged at the top, from sell one to sell thirty.
With 160 million yuan at the back, funds kept pouring in, and trading volume was climbing, indicating a very stable overall strategy.
"What's the price now?" Lu Feng asked.
"Nine dollars, sixty-seven and three fen!"
"Make way for them. What's being thrown out now are just speculative funds. Give them a little taste of profit!" Lu Feng stared at the screen and said, "Hold the price at ten! All buy orders should be moved to the ten-yuan level!"
Although the trader didn't know why they were doing this, they could follow orders now. The keyboard clicked away, and all the funds that had been supporting the price of 9.6 yuan withdrew, causing a large bearish candlestick to appear instantly.
The leaders sitting outside felt their hearts were about to jump out of their chests. Someone stood up and shouted, "Lu Feng, what are you doing? Why did it drop so much?"
"Let them trade at ten yuan, with high volume!" Lu Feng instructed the trader. "Hold the ten yuan level tight and let the speculative funds in!"
In Europe, Sean frowned as he looked at the computer screen. He didn't listen to Lu Feng at all, but the market trend was a bit strange.
"That shouldn't be the case. They have funds now, so why are they not as assertive as they were yesterday?" Sean asked, puzzled.
"The Hong Kong dollar can't hold on any longer. Sell it all now. There's definitely going to be a big bearish candle tonight. You can easily make 30%!" a middle-aged man next to me exclaimed excitedly.
"No! No! No, no, no!" Sean shook his head repeatedly, looking at the queue below and sensing something was wrong. He hurriedly said, "Convert all funds to Hong Kong dollars, I'm done playing!"
"Why did you stop playing? It's clearly not going to last!"
Sean didn't say anything, he just told the trader to do as he was told.
Within ten minutes, HK$12 billion was dumped at a price of ten dollars, more than half of which was dumped by speculative capital.
Lu Feng stared at the screen, calculating silently in his mind, and said in a deep voice, "Raise it! Raise it directly to nine and a half yuan, wipe out all the funds that rushed in just now!"
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