"When?" the host asked, puzzled.
"Shorting the Hong Kong dollar and Hong Kong stocks right now is extremely foolish. Of course, some people will ignore the advice and insist on being short sellers, but I believe the market will beat them to a pulp," Lu Feng said confidently.
During the half-hour interview, Lu Feng briefly discussed topics such as stamp duty reduction, increased securities lending costs, state-owned funds entering the market to provide a safety net, Hong Kong's property market, stock market valuation, the global value of the Hong Kong dollar, and mainland development.
After the interview, Lu Feng was exhausted. He asked someone to drive him home and went straight to sleep.
As the news aired, countless people began to hurl insults at Lu Feng. They no longer believed that the Hong Kong stock market could recover, and among them were some people with ulterior motives who were determined to cause trouble.
At 9:30 a.m., Hong Kong stocks opened and immediately began to rise, with 370 companies rising. By 10:00 a.m., more than 400 companies had risen. Wall Street was clashing head-on with ICBC and PICC in several large-cap stocks such as Cheung Kong Holdings and Sun Hung Kai Properties.
The two sides were fiercely battling over the opening price. Cheung Kong Holdings alone saw its trading volume exceed HK$3 billion in just one hour, deterring countless small investors.
Wall Street is trying to recoup its losses from the mainland's retaliatory measures on the Hong Kong dollar by trading in Hong Kong stocks. In just one morning, Hang Seng Tech's trading volume exceeded HK$50 billion, setting a new historical record.
When Lu Feng woke up, it was already 5 p.m. After washing up, he immediately watched the news.
"Hang Seng Tech rose 0.7% today, with a record trading volume exceeding HK$80 billion. Cheung Kong Holdings accounted for one-eighth of the trading volume. 421 companies rose today. The Hong Kong dollar recorded its largest single-day gain, rising 7%. Mr. Lu Feng, head of the Financial Special Task Force, said that shorting the Hong Kong dollar and Hong Kong stocks is now a particularly dangerous thing."
He also stated that the mainland will specialize in manufacturing, transferring high-end industries from the mainland's coastal areas to Hong Kong to address the problem of Hong Kong's loss of manufacturing industries.
According to Reuters, financial experts believe that Soros does not have much capital, and the significant increase in short-selling costs in Hong Kong this time may worsen his situation. Many financial institutions have stated that they are no longer willing to short Hong Kong, mainly because the mainland has demonstrated its determination to defend Hong Kong's financial system!
Around 7 p.m., Lu Feng arrived at the exchange, had a quick meal, and held a pre-market meeting. Everyone agreed to hold the price at nine yuan for now, see what they do, and then make a decision.
Lu Feng, on the other hand, believes that if you don't advance, you fall behind. There's no need to rush to push the price up, but you should take small steps and move quickly. Tonight, the stock must close in the green.
As trading began, the short-selling pressure tonight was much weaker than last night. Neither side displayed any killer moves, and the market fluctuated very gently. At the close, the Hong Kong dollar settled at HK$8.92.
As news was released in rapid succession, Lu Feng continued to promote mainland funding in the market. In one interview, he even stated that while mainland China did not have much foreign exchange reserves, it had tens of thousands of tons of gold hidden in the northwest region, which were left over from the Qin Dynasty.
Immediately afterwards, a bunch of trashy media outlets began attacking Lu Feng, demanding that he produce 10,000 tons of gold. Lu Feng then stated that this gold belonged to Qin Shi Huang personally, and that the mainland highly respects private property rights, so he is currently communicating with Mr. Ying Zheng.
For a week, the market stagnated, with the highest daily trading volume in Hong Kong dollars not exceeding US$3 billion. Large funds stopped making moves, while small funds continued to test the waters.
Hang Seng Tech has stabilized and is seeking to bottom out. Even securities firms like United Capital have seen their stock prices return to around 11 yuan.
After a storm comes a suffocating silence. Lu Feng understands what this silence means. Europe may have been crushed in the last round, and speculative funds have started to cower. But Lu Feng knows that Tiger Fund hasn't made a move yet.
This super hedge fund with ten times leverage is definitely brewing an unprecedented storm.
September 23rd. It's autumn today. The Mid-Autumn Festival has passed. Originally, we planned to have Duoduo come to Hong Kong, but it didn't happen in the end. Lu Feng had a rare half-day off and slept soundly at home.
In the evening, Lu Feng's phone rang. The nanny handed it to him and said it was from overseas.
"Mr. Lu, is it possible for us to talk?" Soros's voice came from the other end of the phone.
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