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

Chapter 834 "833" October, the Hong Kong Island storm is coming! HK$10 billion was dumped on the first day!
Although the $20 million is in hand, the $20 billion will remain overseas as a secret fund held by American Little Rich and Li Jie, and it's the kind of fund with multiple companies holding it. It will take a lot of effort to uncover it.

As for why not buy up local industries in Thailand and the Philippines at bargain prices?

Because of the food!

South Korea does have value—Samsung.

Following the South Korean financial crisis, the United States bought up Samsung shares at bargain prices, resulting in the U.S. acquiring 52% of Samsung's shares.

In later generations, although people often criticize South Korea for its various shortcomings, Samsung is indeed very strong, second only to Apple.

Displays, semiconductors, smartphones... it has a large number of technology patents and very strong barriers to entry.

The financial crisis is the perfect time to buy at the bottom.

As for Indonesian and Thai brands, they're pure garbage.

The largest company in the inkpad industry is the Sinar Mas Group, owned by Mr. Huang.

but,

After any unrest (if it happens), we'll buy up some bargains and boost the status of Chinese people.

……

9 month 18 day,
Mingxin Hospital, delivery room.

A cry rang out.

"Congratulations, Mr. Chen, it's your daughter..."

Chen Jiaju and Amei breathed a sigh of relief, followed by happiness.

Later, Guan Zu visited the ward with gifts, and Raymond, Uncle Biao, Da Jinzui, Qiu Gang'ao and others also came one by one.

Guan Zu gave the baby a "Talent Cultivation Card" and a "Healthy Growth Card".

+1 for cattle and horses!

Guan Zu couldn't help but feel happy when he saw Chen Jiaju hugging Baby and smiling at Ah Mei for a photo.

He had regrets after watching "Police Story," but now that he sees Chan Ka-kui and Ah Mei get married and have a daughter, it can be said that he has made up for those regrets.

Guan Zu was speechless when he saw Chen Jiaju constantly drooling over his daughter.

Heh~~~~
Doting father to his daughter!!

Chen Jiaju looked at Ah Mei, then thought about his own handsome face, and then looked at his daughter's big eyes.

"Hey~~~ My daughter must be a great beauty."

Just laughing like an idiot!

……

……

new York,

The Soros Fund Management Group building.

Top floor meeting room.

A long conference table was set up, with Soros seated at the head of the table, flanked by major financial backers of the Soros Group.

Soros smiled as he looked at all the big spenders.

"Everyone..."

"These are the current returns of our Quantum Fund..."

A projection screen is being projected onto the office wall.

Listing data points:

Thailand: US$34.7 billion; Malaysia: US$14.3 billion; Indonesia: US$12.1 billion...

The final total figure left everyone on both sides of the long table holding their breath: $83.2 billion.

“Pa bang bang~~~”

"Okay!"

Sitting in the second row, oil tycoon David was the first to applaud: "Mr. Soros, this year! He made more than I did drilling oil wells for a whole year!"

Another tycoon whistled, his pen twirling rapidly in his hand: "Those people in Southeast Asia are practically handing out money like it's a gift box. Mr. Soros, I knew I hadn't misjudged you..."

Soros smiled slightly, stood up, and walked to the screen: "These data have proven the fragility of the Asian financial system."

His voice suddenly rose: "Now, we've already emptied Southeast Asia's coffers. But there are other, even fatter prey in Asia!"

The conference room fell silent instantly, and everyone's eyes were on him.

eager!

greedy!

"Do you want to keep making money?"

"Would you like to double the number in your account?"

Soros's voice was highly inflammatory.

"Hahaha~~ Of course I want to!" David laughed, slamming his fist on the table, making the glass clink.

Others nodded.

"Who doesn't want to make money?"

"Who is the target?!"

"I'll follow!"

Soros swiped his finger across the screen to display two names:
"Our next targets are—Hong Kong Island! South Korea!"

"Hong Kong Island first!"

He pressed the remote control, and the screen displayed Hong Kong Island's foreign exchange reserves data, stock market price-to-earnings ratio, and analysis of the linked exchange rate system, with each page marked with the word "weakness" in red.

“Hong Kong has 900 billion US dollars in foreign exchange reserves? It sounds scary, but with international speculative capital withdrawing from Southeast Asia, and with nowhere else to put their money, what is a mere 900 US dollars in foreign exchange reserves?”

"And South Korea..."

"Their large enterprises have debt ratios exceeding 300%, and their foreign exchange reserves are not even enough to cover a fraction of their foreign debt!"

"If we concentrate our attack, they will surely collapse."

"When are we going to make our move?" Some bosses are already impatient.

Having already defeated several countries, Hong Kong and South Korea will naturally follow suit.

How could we possibly lose?
So, it's a fool not to make money when you can!
They were all hoping that Soros would continue to cause trouble.

“October,” Soros said decisively. “I’ve set the date for October!”

"Everyone, the first round of opportunities to make money has ended. Now it's time to start the second round... Quantum Fund, welcome to join us!"

"I'll add another billion!"

"I'll offer 20 billion! Mr. Soros, count me in!"

"Close out half of my oil futures positions and invest the rest!"

One tycoon even stood up and said, "Mr. Soros, I didn't invest enough in Southeast Asia last time. This time, I'm betting my entire fortune!"

"Yes! I'll bet too!"

"Following Mr. Soros is the right choice!"

Because of Soros's resounding victory, they have full confidence in him.

Soros's smile widened as he looked at the eager investors.

Thank you all for your support!

Pa~~
Soros slammed his fist on the table.

"October, Hong Kong Island. Let's teach them a lesson—what a real financial war is."

"it is good!"

The more than thirty big spenders laughed happily.

at night,

Soros treated his clients to a dinner party.

The following evening, Soros immediately attended another cocktail party.

A private club on Park Avenue, New York.

This reception was hosted by the Federal Reserve and included dinners and business discussions with Quantum Fund, Tiger Fund, investment institutions, and numerous international speculative investors.

Of course, because the motives were impure, it was definitely not organized by the Federal Reserve, but rather led by Soros.

Yesterday's meeting was a meeting of the major investors within the Quantum Fund.

This cocktail party involved various forces, including funds, investment banks, and speculative capital.

When Soros, dressed in a suit, walked into the banquet hall...
"Mr. Soros~~~"

One person shouted, and everyone else looked over.

"Haha~~ Our God of Wealth has arrived..."

"George, how much did your Quantum Fund make this time?"

Tiger Fund's Robertson laughed heartily: "Welcome, God of Wealth!"

Welcome!
“If it weren’t for George, we probably wouldn’t have discovered that there’s another gold mine in Southeast Asia.” “Hahaha~~~” Soros picked up a glass of wine. “Southeast Asia is over, but we still have another gold mine—Hong Kong Island and South Korea.”

The president of Goldman Sachs smiled and said, "It was long overdue for it."

Everyone nodded.

You can never have too much money.

And this time, he made the money so easily.

Moreover, the opponent is a nation!
I feel so accomplished!

"George, are you in charge again this time?" Merrill Lynch's vice president said.

Although many people want to compete for the 'management' position, the Federal Reserve intends to give it to Soros, so it's not easy for anyone to compete for it.

Soros didn't mince words and started discussing with everyone how to proceed.

For example, the Hang Seng Index experienced a sharp drop.

For example, selling Hong Kong dollars in the foreign exchange market.

“And then there’s the media.” Soros turned to Goldman Sachs and Morgan Stanley. “Your analysts need to work overtime. Starting next week, add some ‘spice’ to the Hong Kong Island bank bad debt ratio and property bubble rate, and have the South China Morning Post and Reuters report on it every day…”

"Leave this to us..."

"There are still short positions, try to open more positions..."

When is the time set?

"Regarding Hong Kong Island, in October," Soros stated decisively, "the aftershocks in Southeast Asia haven't subsided yet, and we'll simultaneously launch an attack on Hong Kong Island—closing short positions in the futures market, crashing the stock market, selling off the currency market, and creating public opinion—a pincer attack from all sides..."

The room instantly became lively.

Soros raised his glass:
"Ladies and gentlemen, what we need to do is turn Hong Kong Island into a second Thailand."

"cheers!"

"cheers!"

Everyone stood up, their glasses clinking together with a crisp sound.

……

……

Soros's attack plan consisted of two steps.

first step:
Approach the market simultaneously from three aspects: stocks, foreign exchange, and futures.

First, hoard large amounts of Hong Kong dollars in the foreign exchange market to prepare for future exchange rate fluctuations and avoid excessive costs when raising Hong Kong dollars temporarily in the future. Then, disperse and conceal the funds.

Secondly, the massive accumulation of Hang Seng Index constituent stocks fueled a continuous rise in Hong Kong stocks from their 1996 lows, triggering a frenzy of investor buying and pushing the Hang Seng Index to new highs. A large bubble makes a market crash easier.

Finally: They accumulated a large number of short positions in stock index futures contracts in the futures market, preparing to buy them back at a lower price to close out their positions after the Hang Seng Index fell.

(picture)

And this first step has now been completed.

Next comes the more complex second step.

Step 2: (Too complicated, just look at the pictures)
(Figure: Soros's model of the three-dimensional attack of speculative capital in the foreign exchange, futures, and stock markets, starting from the bottom right corner)
……

……

1997, April 10.

The plaza in front of the new wing of the convention and exhibition center was already packed with people.

All government officials, senior executives, and Kwan Tsu-ming, along with more than 3000 citizens, representatives from over 80 youth groups, and many children, each holding a small red flag.

In addition, there are ATV, TVB, and various other media outlets...

ATV and TVB are broadcasting live to the entire Hong Kong audience.

"Good morning, everyone..."

"What you are witnessing now is a historic moment—the first time in Hong Kong's history that a flag-raising ceremony has been held on National Day..."

Throughout Hong Kong, in countless households and tea restaurants, many citizens and locals who have a deep affection and respect for the country put down what they were doing and watched the television cameras.

A sense of solemnity rose in my heart.

"stand up!"

The square fell silent instantly.

All rise!

Play music~
All eyes were focused on that red flag.

"Arise, ye who refuse to be slaves..."

As the song began, the red flag slowly rose, finally reaching the top, where the sea breeze blew and the red flag fluttered.

The flag-raising ceremony has ended.

……

night.

The government held a National Day reception banquet.
6 points,
The banquet began, and Guan Zu brought Ruan Mei to attend.

"Mr. Guan, Mrs. Guan~~"

"Mr. Guan, Mrs. Guan~~~~" *N
The surrounding guests rose to greet him, and greetings rose and fell. Some raised their glasses in acknowledgment, while others tried to strike up a conversation. Guan Zu simply nodded slightly and led Ruan Mei to the reserved main table with unhurried steps.

Not seated yet,

"Ling ring ring~~~"

Guan Zu's phone rang.

"Brother Zu!"

Fang Zhanbo's voice came through: "The Hong Kong dollar has been dumped in the London foreign exchange market! Soros and his men have made their move!"

Guan Zu narrowed his eyes.

Is it finally here?
But October 1st?
If Guan Zu remembers correctly, Soros and his group started their operation on October 20th in their previous life.

It's been moved up now?
Could it be that I caused the butterfly effect?
However, Guan Zu remained completely unperturbed: "How many Hong Kong dollars have been dumped now?"

Fang Zhanbo: "The sell-off started an hour ago, and more than HK$2 billion has already been sold off, and they are still selling off in large quantities."

Guan Zu nodded: "Just keep an eye on it, no need to be nervous."

Fang Zhanbo: "Yes!"

Ruan Mei, who was next to Guan Zu, asked softly, "What happened?"

Guan Zu chuckled: "Soros and his men have made their move."

He placed a piece of fruit on Ruan Mei's plate, his tone relaxed, "Don't worry about it, it's nothing..."

……

At that moment, the Financial Secretary was chatting with his superior.

Ring ring ring…

His phone rang, and upon hearing the caller ID, his expression changed.

"Is it finally here?"

The Financial Secretary immediately reported the matter to his superiors, which shocked all the officials present.

It's really coming!

However, the National Day celebrations are quite important now, so a group of people can only find a small meeting room for a temporary meeting.

Before going to the meeting,
The Financial Secretary glanced at Guan Zu and saw him with Ruan Mei, looking for food in a casual and unrestrained manner.

He couldn't help but wonder: Does Mr. Guan know about this now?

……

For the rest of the night,

The Financial Secretary kept receiving phone calls.

In the UK, Hong Kong dollars are being continuously sold off, reaching over 50 billion Hong Kong dollars.

At 21 PM, the US foreign exchange market opened, and another HK$30 billion was dumped.

At 10 PM, another HK$22 billion was sold off.

The total amount has exceeded 90 billion.

As the Financial Secretary prepared to return to the Financial Secretary building to work overtime all night...
Ring ring ring~~~~
Another phone call came in.

The Financial Secretary rubbed his aching temples as he answered the call.

"Director, Morgan Stanley just released an assessment report in the US, downgrading Hong Kong's credit rating by one level and saying that the linked exchange rate system won't last until this month. Foreign media are all reporting on it now..."

"Bang!"

The Financial Secretary was so angry that he pounded on the wall, his face contorted in rage.

mean!

........................

P.S.: I suddenly realized something – I completely forgot to write about Police Commissioner Wong Bing-Yiu. I'll dedicate a separate chapter to that tomorrow.

(End of this chapter)