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

Chapter 863 "861" The Financial Showdown in Hong Kong Officially Begins! Southeast Asian Countries: We Want to Join In Too, and Make Money from Hong Kong!
Stanley Prison.

Bang~~~~
The door is closed.

Former Independent Commission Against Corruption (ICAC) officer Yu Hung-shing was imprisoned for three years on charges of embezzling HK$100,000.

The sun is shining brightly outside.

When Yu Hongsheng entered the prison, he felt a sense of darkness and coldness.

Light and darkness, two worlds.

Not long after, with the assassin Xiong's 'name' announced,
"Bang!"

Justice Angel Ding Xie roared:
"I, Ting Hai, despise corrupt officials like you the most!"

"This world is so dark because of corrupt officials like you, making people suffer..."

"Eat my punch!"

Bang bang bang~~~~~
Ding Xie then proceeded to give Yu Hongsheng a severe beating.

Before Yu Hongsheng could react, he felt himself being hit by a battering ram and his whole body was smashed to pieces.

All the prison guards cheered in unison: "Well done, Master Ding!"

The three Ding family crabs cheered in unison: "Dad, you're amazing! You're our idol!"

Nowadays,

The old prisoners had a happy day.

Cool! !

……

……

at this time,

Manhattan, New York, USA.

The towering headquarters building of the Soros Fund Management Group.

Top floor conference room.

The conference room features floor-to-ceiling windows, offering panoramic views of the bustling city. However, Soros and the core technical staff inside are focused on the meeting rather than appreciating the view.

Hong Kong Island – July Offensive!
A huge round conference table, with everyone seated around it.

Soros sat upright at the head of the conference table, his hair neatly combed, his expression radiating intense confidence.

Around him, the core team members sat upright.

There is a team led by Mike that is responsible for foreign exchange market operations.

There is Emily's team who are experts in the futures market.

There is a Jack team that excels at data collection and public opinion manipulation.

and also……

"Everyone!"

"After a year of delays, our offensive on Hong Kong Island can no longer be postponed..."

"The central bank, the IMF, the government, international speculative capital, our financial backers... are all waiting for our actions."

"Although the Hong Kong stock market has not yet reached the perfect curve we need, the situation is unstoppable."

"We must fight this decisive battle in August."

"Therefore, in July, we need to launch a fierce offensive and complete multiple rounds of short-selling tests to create sufficient price volatility space for a full-scale attack on the Hong Kong dollar and a shock to the Hong Kong capital market in August."

Everyone sat up straight and nodded.

Soros: "Let's discuss our offensive plan for July."

"Come one by one!"

Soros looked at the crowd.

Mike spoke first, pointing to the screen displaying the Hong Kong dollar to US dollar exchange rate. His tone was firm: "Boss, after a year of probing, we've discovered the weaknesses of the Financial Secretary of Hong Kong Island. Every time we sell large amounts of Hong Kong dollars in the foreign exchange market, the Hong Kong Monetary Authority intervenes, raising interest rates… and these interest rate increases, in turn, affect confidence in the stock and property markets…"

"Therefore, this time our attack should still focus on selling Hong Kong dollars, which will affect the stock market and property market and cause them to fall."

Although this method is outdated, it's undeniably effective.

Soros: "Let's talk about Hong Kong dollar reserves."

Mike reported: "We currently have HK$600 billion in reserves, consisting of: HK$200 billion that we initially stockpiled, HK$300 billion borrowed from international banks, and HK$100 billion drawn from other Southeast Asian markets..."

"I believe that of this 600 billion, 40% should be used in the foreign exchange market to manipulate the market."

40%?

Soros didn't agree on the spot, turning his gaze to Emily: "How are the preparations going on the futures market?"

Emily adjusted her glasses and spoke clearly and logically:

"Currently, we have a total of 120,000 Hang Seng Index futures contracts, of which 96,000 are short contracts. The average index level for our position is 11000 points, and each contract is worth about HK$500,000, corresponding to a short position of HK$55 billion... The contract settlement time is basically in mid-August and the end of August."

(P.S.: This roughly means that Soros profits as long as the Hang Seng Index is below 11000 by mid-August or the end of August, and loses if it's above 11000. Of course, various transaction fees are not included.)
"This open interest far exceeds the daily open interest of the Hong Kong Futures Exchange, indicating that it has achieved absolute control over the futures market."

Soros nodded.

"So our goal is below 11000 points... and the Hang Seng Index is currently at 10000 points."

Although they can make a profit by leaving now.

However, this is not in Soros's interest, nor in the interest of international speculative capital, nor in the will of the United States, the IMF, and the Federal Reserve.

Soros looked at Jack: "Tell me what preparations you have made."

Jack: "Regarding public opinion, I have two plans... The first plan is the 'collapse of the Hong Kong dollar's linked exchange rate system' theory."

"The second is the theory that the RMB will depreciate."

"The method was to release analysis reports through international news agencies such as Bloomberg and Reuters, claiming that the Hong Kong Island linked exchange rate system was about to collapse."

"At the same time, I have contacted some financial commentators in Hong Kong Island. If we pay them enough, they will probably spread panic in the Hong Kong media."

Hong Kong media: Don't mess with me!
"At the same time, we are spreading our message widely in offshore markets such as Singapore and London. I will also contact people at Dongda University. There are many intellectuals there who admire us. As long as we offer them some benefits, they will be happy to cooperate with us."

"If panic selling in the black market for foreign exchange is triggered in Shanghai, it will put greater pressure on the Hong Kong financial market once the expectation of RMB depreciation strengthens."

“These two major plans are enough to shake investor confidence and trigger a panic sell-off in the market.” Soros thought for a moment and nodded: “These two plans are acceptable… but there is another point we can take advantage of: we can contact progressive figures in Hong Kong, give them some money, and organize a few rallies… to try to guide Hong Kong to learn from Taiwan and directly abandon the exchange rate peg.”

Jack immediately replied, "No problem, boss!"

Soros continued, "Furthermore, we can join forces with institutions like Tiger Fund to publish a joint article in the Wall Street Journal titled 'Hong Kong Dollar: The Next Thai Baht,' claiming that the bubble in Hong Kong is far more severe than in Bangkok. This would not only damage Hong Kong stocks but also further undermine market confidence."

The meeting lasted for several hours, during which Soros and his team discussed and meticulously planned every detail of the July offensive.

……

the next day,

Soros traveled back and forth, acting as a 'facilitator,' constantly contacting various international speculative funds, the IMF, the Federal Reserve, and so on.
Finalizing one plan after another

Soros, with his formidable reputation in the financial world and his highly inflammatory rhetoric, has gathered various international speculative funds under his command.

"The Hong Kong financial market is a gold mine waiting to be tapped. The linked exchange rate system seems solid, but it is actually full of loopholes. As long as we work together and launch a fierce offensive in July to break through the defenses of the Hong Kong financial market, wealth will flood into our hands like a tide."

His words stirred up the greed of more and more speculative investors, who promised to invest large sums of money.

even,

Soros felt that Hong Kong was still too strong, so he had a brilliant idea and decided to win over more allies by approaching countries such as Thailand, Indonesia, Singapore, the Philippines, and Malaysia.

Let them join in too.

I've already come up with all the reasons.

"There's a chance to make a fortune on Hong Kong Island. It'll last two months. Are you interested?"

"You're suffering so much, you should go and earn some money."

"This is an opportunity we must seize!"

……

……

the Philippines,
Manila Presidential Palace.

"Soros, how dare you invite me?"

Then-Philippine President Joseph Estrada angrily tugged at his collar.

Since Soros started his crises, Thailand, Indonesia, the Philippines... one country after another has collapsed in the financial crisis.

In the Philippines, countless businesses have gone bankrupt, countless families have been torn apart, and the national economy has collapsed.

And now, the very person who started all this, George Soros, actually dares to come looking for him.

“Tell that Soros I will not meet a single executioner who has destroyed Southeast Asia!” Estrada’s roar echoed in the office.

then,

The next day, Soros's assistant visited the presidential palace.

At first, the president was reluctant, but eventually they met to see what Soros was up to.

"Mr. President, the Philippines is in a very difficult situation right now. The peso is depreciating, reserves are running low, and the public is panicking..."

"Bang! I'm not here to listen to you economic war criminals bragging!"

"No, I'm not here to show off. I'm here on behalf of my boss to give the Philippines a money-making opportunity."

"I don't believe you're being so kind!"

"Please hear me out, Mr. President..."

"Alright, let's see what you can say!"

"Mr. President, you must be aware of the current situation in Hong Kong Island, right?"

"Of course there is."

The Philippine president felt a surge of displeasure upon hearing this.

Why should the Philippines suffer like this, while Hong Kong Island doesn't?
You should know that the two sides are enemies!

"Mr President……"

Soros's secretary's voice carried a highly inflammatory force.

"The Philippines has suffered so much, are they just going to watch Hong Kong go unscathed? Besides, this isn't 'helping me,' it's 'for ourselves.' If we unite and launch an offensive against Hong Kong in July, breaking its linked exchange rate system, the Hang Seng Index will fall, and short contracts in the futures market can generate several times the profit."

"In just two months, you can return to the Philippines with billions of dollars to fill the gap in foreign exchange reserves, save businesses on the verge of bankruptcy, and ensure that people have food to eat again—isn't that better than watching the Philippines crumble little by little?"

Estrada's fingers trembled slightly.

Soros's assistant's words were like poison, yet also like a lifeline.

The Philippines is in dire straits. If it can seize this opportunity to recoup its losses, it might be able to give the country a much-needed breather.

Moreover, why is it only the Philippines that is suffering?
If Hong Kong were to suffer such a fate, at least it would make Southeast Asian countries feel a little better.

More importantly, this is real money that you can actually earn.

It's a sure win!
He remained silent for a full five minutes, the only sound in the conference room being the faint hum of the air conditioner.

Finally, Estrada raised his head, the anger in his eyes gradually replaced by struggle, and finally only a trace of determination remained.

"Great! It's a pleasure doing business with you!"

"Welcome!"

The two shook hands.

Cooperation achieved!

……

……

Soros's assistants are making moves everywhere.

Soon, countries like Thailand and Malaysia also became interested.

If we're suffering, Hong Kong Island has to suffer too!

Moreover, this is an absolute money-making opportunity, how can we miss it?
then,

They started joining this sure-win operation!
……

(End of this chapter)