“Talk? What’s there to talk to me about? I can’t make any decisions.” Lu Feng said into the phone, “I still suggest you try to persuade those people. This time you’re really going to get hurt.”
"I have already lodged a protest against your restrictions on trading and the increase in the cost of short selling. Tomorrow I will be going to Hong Kong to attend the IMF annual meeting, where I should meet with your top figures." Soros said calmly, "I'm calling you because I think you're a talented person."
"This financial war is not just about money; at a deeper level, it is a consequence of war control. We cannot fight a war in the waters off your doorstep; we can only engage in confrontation in various fields. What is the purpose of war? The purpose of war is to prevent war from happening!"
"This sounds ridiculous, but your country also has an old saying, 'to stop war with war.' All conflicts will eventually return to peace; it's just a matter of conditions. I know that the high-level officials of both sides have been communicating very frequently recently. You don't want to give up Hong Kong's international financial status."
"We hope to use Hong Kong as an outlet to bring more possibilities to the mainland, whether it's freight, finance, or ports, all of which will bring new opportunities. But we also need to weigh the overall value. Finance is not just a financial issue, and I believe you understand that."
"You should think carefully about why you were pushed forward instead of an official figure. When the two sides reach a settlement, where will you stand? Even when we sit down to talk, if the conditions are right, where will you, an international fugitive, go?"
Lu Feng laughed when he heard this, realizing that they had almost run out of funds.
"I work with you on technology, and you come up with the Wassenaar Arrangement; I work with you on finance, and you talk to me about politics. All you're saying is that once the rabbit is caught, the hunting dog is discarded!"
“I’m not cut out for being an official. I don’t have that many tricks up my sleeve. If two countries are to come together and bring about a series of changes that require sacrificing my personal interests, then I’d be happy to see it happen. Besides, would you dare go to Thailand now?” Lu Feng laughed dismissively. “There’s only one of us, the boss, let alone the second.”
Upon hearing Lu Feng's stubbornness, the person on the other end of the phone named some specific individuals, telling Lu Feng that these people had been communicating with them and wanted to sell him off.
Lu Feng was too lazy to listen to his conspiracy theories, so he hung up the phone directly. Although he was very confident and thought he was one of the best in the world, he was surprised that the two countries had been fighting for so long, and in the end, they had just killed a businessman and made peace.
This kind of nonsense is an insult to people's intelligence.
Lu Feng was confident, but he didn't think the earth revolved around him.
On September 24th, the annual meeting of the International Monetary Fund (IMF) officially opened in Hong Kong. Perhaps due to the presence of people in Hong Kong, this year's IMF meeting was attended by many prominent figures from China, including Lu Feng, who was the head of the special financial task force and was also given a meeting.
The expert asked about the specifics, and Lu Feng explained his analysis, finally assuring everyone that he was confident he could complete the mission.
Lu Feng took the opportunity to talk about the development of Hurricane Semiconductor and suggested that the country establish a national fund to support and invest in it.
The market situation has been relatively mild these past few days, which may present an important opportunity for communication. Lu Feng has a rare two days of leisure and doesn't have to attend so many meetings.
Through some media outlets, Lu Feng learned that the bigwig met with Soros at the meeting and told him face-to-face that shorting the Hong Kong dollar was a dead end.
With the end of the month approaching, Hong Kong stocks opened with a stabilizing and fluctuating upward trend, while the Hong Kong dollar remained at HK$8.80. Daily trading volume was not large, but many people felt that this was like being slowly eroded, and that being worn down like this was not a good thing. They hoped for a decisive victory to completely clear away all obstacles!
October 1st is the National Day in mainland China. This is the first National Day since returning from Hong Kong. There are many street activities in Hong Kong. At 7 pm, Lu Feng came out of the meeting room. After discussion, he decided that they could no longer remain passive.
Meanwhile, their first batch of short-selling contracts is about to expire. The amount of capital is not large, but this is a window of opportunity. If they can crash Wall Street in one fell swoop, things will be much better afterwards.
Lu Feng knew that the visit between the two sides was about to begin, and the higher-ups hoped to keep this matter out of the negotiation table. Moreover, he also hoped to end it as soon as possible. If it dragged on until 1998 like in his previous life, he wouldn't have that much time and energy to deal with it.
After all, Hurricane Capital still has a lot of things to do, and it's impossible for them to stay at the exchange every night at 8 p.m. until late at night before they finish.
As the market opened, it moved calmly and uneventfully. The speculative funds and retail investors who had rushed in earlier had long since vanished without a trace. The market had become very pure, with only large funds playing the game.
Within an hour of trading, the turnover was $2.7 billion, slightly lower than before. Lu Feng stared at the market and instructed, "Increase the volume a bit, move upwards with weakness!"
Traders bought US$100 million, pushing the Hong Kong dollar up by 0.2-3 percentage points. Short sellers then responded by selling HK$1.5 billion.
The atmosphere in the conference room at Goldman Sachs Trading Center on Wall Street was somewhat tense, as the participants disagreed on the matter of shorting the Hong Kong dollar.
The Hong Kong dollar was boosted, and with the fierce battle in Hong Kong stocks, short sellers were already struggling, especially after the cost of securities lending increased significantly. A group of people, represented by Soros, felt that they did not have enough funds.
“I still maintain my stance: this time, the mainland has truly deployed hundreds of billions of dollars in foreign exchange reserves, and with the increased cost of short selling, we cannot win.” Soros said to Robertson, “You need to recognize the reality: from a funding perspective, simply adding leverage can indeed crush the Hong Kong dollar!”
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