Hong Kong Movies: You Hongxingzi, what the hell is the charity king?

Chapter 797 "796" The Hong Kong Dollar Hoarding Storm: The Game Between Soros Fund and Five Stars!
Central Plaza.

Top floor, Guan Zu's office.

"Brother Zu,"

"Currently, in Thailand, we have heavily invested and stockpiled approximately 100 billion baht."

Fang Zhanbo reported to Guan Zu on the progress of the strategy to deal with the Asian financial crisis.

"In Japan, we have stockpiled approximately 2000 billion yen."

"On the Malaysian side, we have stockpiled approximately 8 million Malaysian Ringgit."

"Singapore has borrowed and stockpiled approximately S$2 million."

"South Korea……"

"Mud imprint..."

"The total amount used was approximately US$18 billion, with Thailand accounting for twice that amount."

Guan Zu nodded: "These local currencies are used to dump the market. And the main force behind the dumping operation will be speculative funds like Soros Fund. We just need to cheer from behind and contribute a little bit. So this amount is enough. Let's stop for now."

"Next, the most important thing is to establish short positions and obtain enough forward short contracts for local currencies."

What is a forward short contract?

Long-term, lasting 3-12 months.

Short sellers, naturally, short these local currencies.

Let's take the "Hong Kong dollar forward short contract" as an example:

—Phase 1: The Soros Fund sold HK$10 billion in forward contracts for 12 months at a forward exchange rate of HK$8.0 to US$1.

—Phase Two: At the end of the December contract period, if the Hong Kong dollar indeed depreciates to 10 Hong Kong dollars to 1 US dollar, speculators can use 1 billion US dollars to buy 10 billion Hong Kong dollars on the market, and then sell them to banks at the contractually agreed exchange rate of 8.0 Hong Kong dollars to 1 US dollar, obtaining 12.5 billion US dollars and making a profit of 250 million US dollars. Here's a key point: super leverage! A small amount of money can be leveraged to control a large amount of money, resulting in substantial profits.

(Illustrated timeline of the Thai financial crisis)
Fang Zhanbo nodded: "We started quietly accumulating short contracts a month ago, and we were doing it remotely using offshore funds, so it's hard to trace the funds back to us. Soros and his group would just assume it's international speculative capital."

Guan Zu nodded and asked, "Is there any movement regarding Soros and his group's short-selling contract hoarding operation?"

Fang Zhanbo: "It seems like it's already happening in Thailand."

Guan Zu: "Okay... Go find Shanji and have him investigate the members of the Soros Fund to see if there are any suitable targets. We need to plant a mole within the Soros Fund!"

Fang Zhanbo: "Okay, I'll go now."

Not long after Fang Zhanbo left,
Hong Kong student: "Boss, the 'daredevil' you asked for, he's here, outside the office."

Guan Zu: "Oh? Is there a short guy with him?"

Hong Kong student: "Yes."

Guan Zu nodded: "Let Wanming in, but don't let that shorty in."

Although Guan Zu enjoys watching mindless short dramas, he also suffers from aversion to stupidity.

Outside the office door,
Wanming and Taishan, dressed in suits, stood awkwardly at the door.

He risked his life: "I told you not to come, but you came anyway."

Taishan: "I'm your brother. If you become successful, you should naturally take me with you."

"I haven't even brought up the fact that you lied to me yesterday. That woman isn't your girlfriend at all, she doesn't even know you. You should try to please her and save her, but don't drag me into it, you bastard!"

Wanming really hates Taishan's behavior, but there's nothing he can do. Taishan is his brother who grew up with him; they're not blood brothers, but they're closer than blood brothers.

However, he also disliked some of Taishan's foolish actions.

At this moment,
The office door opens.

Gang Sheng came out and said to Wan Ming, "Mr. Guan invites you in... This gentleman, please wait outside."

Taishan: "Huh?"

He had already pushed the door open and gone inside.

in the office,

"Mr. Guan!"

"sit!"

I sat down on the sofa and drank some tea.

Although Guan Zu values ​​risking his life and has a collecting obsession, he didn't want to waste too much time: "I won't beat around the bush with you. I think you're quite skilled and a good prospect... I want to recruit you to join our Five Star Group's security department. With your abilities, a monthly salary of 3 is not a problem. In the future, you'll also receive stock dividends depending on your performance... If you can defeat others, you can become my bodyguard, and earning tens of millions a year is not a problem."

Tens of millions?
Extremely excited: "Thank you, Mr. Guan!"

My miserable life takes off today!!

Guan Zu waved his hand dismissively: "Don't be so happy yet. Now you have a problem: your brother Taishan. You know what happened last night. His stupidity really opened my eyes."

He remained desperately silent.

Guan Zu: "Let's imagine this situation: you are my bodyguard, and people outside will naturally respect you a lot... but your brother, using your name and the reputation of the Five Star Group, does some very foolish things that damage the reputation of the Five Star Group. What do you think you would do in this situation?"

He bowed his head desperately, saying, "I understand!"

What Mr. Guan said is 100% certain to happen! Because from childhood to adulthood, Mount Tai has caused him too much trouble.

He gritted his teeth and bowed, saying, "I'm sorry, Mr. Guan, I'm afraid I can't work for you anymore."

Between work and his brother, he chose his brother.

"Wait... don't rush..."

Guan Zu smiled and said, "I greatly admire your loyalty. I am also a loyal person. In the beginning, my brothers and I were all gangsters who fought and killed in the underworld. Now, all my brothers are still around, and they are all living good lives, married, and have happy families."

"So I can give you a chance: you go and tell your brother Taishan that I don't like him, so I didn't want you, and see what he chooses."

Even Guan Zu couldn't tell whether Taishan was a selfish person or not.

We'll find out once we test the waters.

"Okay! Thank you, Mr. Guan, for giving me this opportunity!"

Guan Zu waved his hand, signaling Wanming to leave.

……

……

Landmark in Central
In the office of Rodney Jones at Soros Fund Management.

Rodney Jones, Jerry, Ollie, Buck, and other core team members are having a meeting.

The bruises from the last time I was beaten up at the horse racing event finally faded after more than a month.

Jones scanned the crowd:

"Today is August 16th..."

"Everyone, please report on your progress..."

Jerry: "Let me go first. After all this effort, we've successfully borrowed about HK$40 billion from HSBC's London branch..."

Ollie then added, "The collaboration I was in charge of with Standard Chartered Bank's Singapore branch has also yielded results; we borrowed HK$35 billion from there..."

Buck adjusted his glasses: "I've made progress on my end too... We've secured HK$30 billion..." The team members reported one by one...

Citibank, JPMorgan Chase Asia Branch...

There are also local banks like HSBC, Standard Chartered, and others.

Senior executives at relevant banks in the UK and the US were aware that the Soros Fund was up to something, and that it was in order to deal with the University of Tokyo, so they were very willing to lend the money.

(P.S.: Why are Thai banks willing to lend money? Because they're greedy and want to earn interest!)
Rodney Jones listened attentively to everyone's remarks, occasionally jotting down key information in his notebook.

After everyone had finished reporting, he tapped the table.
"Thanks to everyone's tireless efforts over this period, we have borrowed a total of HK$200 billion through numerous international and local banks..."

"However, this is not enough; we need to borrow more. Sufficient Hong Kong dollar reserves will give us enough ammunition in the upcoming market games."

Jerry said, "Boss, things are getting a bit tricky. The bank with the most Hong Kong dollars in Hong Kong right now is Five Star Bank. I wonder if our request to borrow Hong Kong dollars from them will raise their suspicions."

Everyone was silent.

Yes, that's the most troublesome part.

Rodney Jones: "We always have to deal with them. Let's test the waters first and borrow 50 billion."

"If they don't lend, it means they're already on guard. If they are willing to lend, it means they're probably not on guard yet."

Everyone nodded in agreement!

Jerry laughed and said, "At least for the time being, we haven't been using the 'Quantum Fund' banner. Instead, we've been promoting 'being optimistic about Dongda University,' 'investing in Hong Kong Island,' and 'investing in the future.' We should have fooled the Five Star Group, right?"

Everyone laughed.

The office was filled with a cheerful atmosphere.

After everyone finished laughing, Rodney Jones said, "There's one more thing we need to pay attention to. The boss has already decided on one of the countries for our Asian financial crisis plan, which is expected to begin in January 1997."

"Therefore, before January 1997, we need to borrow as much Hong Kong dollars as possible and also establish a sufficient number of short positions."

"Because once a financial crisis occurs, Hong Kong Island will definitely become more vigilant, making it much more difficult for us to take action."

"So, we still have more than three months."

Everyone replied solemnly, "Yes!"

……

……

8 month 18 day.

morning.

Guan Zu went downstairs and saw Xu Zhengyang holding a lovingly prepared breakfast, eating it in front of him.

Things change! I finally got to eat a breakfast made with love!
Today is the day to finally hold my head high!
"Hey, heart-shaped steamed buns..."

Xu Zhengyang was momentarily distracted when Guan Zu suddenly produced a heart-shaped steamed bun, which he promptly swallowed whole.

Xu Zhengyang stared blankly at his lunchbox, where one of the heart-shaped steamed buns was missing.

Ah~~~~~
Groundhog screams!
at this time,

A lonely figure passed by – Gao Gang!
Then he got kicked by Guan Zu.

20 minutes later,
Arrived at Central Plaza.

10 o'clock in the morning,
Chen Yongren reported to Guan Zu that Soros Fund had applied for a HK$50 billion loan from Five Star Bank.

Guan Zu laughed: "Approve it, give them the normal interest rate."

Chen Yongren: "Yes!"

Guan Zu then made a phone call, urging Shan Ji to develop an undercover agent as soon as possible.

……

……

"Yay!!"

Soros Fund Management
Rodney Jones and his friends high-fived in celebration.

"Haha, I knew it! Our disguise over this period of time has been perfect!"

Jerry laughed loudly and excitedly waved the document in his hand, which drew arcs in the air.

“We kept promoting the idea that we were optimistic about Dongda University, and we really fooled those people from the Five Star Group.”

Ollie laughed happily.

“They had no idea what we really meant. Now that we’ve managed to borrow HK$50 billion, we can borrow even more from them.”

It's reasonable for Soros Fund, a globally renowned investment fund, to have a large demand for funds, right?
So borrowing a large amount of money is quite reasonable, right?

Rodney Jones stood in front of the huge floor-to-ceiling window, his back to the crowd, overlooking the bustling street scene of Central.

“This loan shows that Five Star Group is probably not on guard yet. I think we can apply for another HK$100 billion loan from them under the pretext of expanding our investment in Hong Kong Island.”

"100 billion? Isn't that too much? Won't it arouse their suspicion?"

"Then we need to write a good investment plan to fool them! That's exactly what we're good at, isn't it?"

"Haha~~"

Everyone laughed.

……

At this time,
downstairs,

Joss, an employee of Soros Fund,
This PhD in data analysis from Stanford University, who came all the way from the United States, is sitting at his desk, engrossed in organizing data from Hong Kong.

On the desk in front of Joss, files were piled up, and data and charts on the computer screen kept flashing.

He was like an ox or a horse, doing endless work for the lowest pay.

His family was very poor, but he relied on his intelligence to take out loans of more than $40 to complete his education from elementary school to university and doctoral studies.

All he has to do now is work hard like a slave, climb the ladder step by step, and pay off that damn $40 loan.

For Hong Kong Island...

During his spare time at work, he learned that children could go to school without incurring debt.

This made him very envious.

Is America great?

I think Hong Kong Island is great.

------------

P.S.: I'm so dizzy from all the research.

P.S.: I recommend a new book, "Hong Kong Island: From Rent Collector in Kowloon Walled City to Tycoon".

　The novel focuses on the turbulent business world of 70s Hong Kong, with the protagonist rising from a landlord in the city to a business tycoon! It has already surpassed 10 words in its serialization!

　　
　
(End of this chapter)