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

Chapter 864 "862" Clash! A Feast of Money, the Kill Begins!

P.S.: If you see a duplicate chapter, refresh the first or second chapter. You need to refresh both chapters.

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Starting from April 5,
Massive amounts of international capital are continuously flowing into Hong Kong Island.

In the futures market, they quickly acquired short positions in Hang Seng Index futures, with the average initial position in these short positions at 10000 points.

In the stock market, they targeted index stocks for acquisitions. Component stocks such as HSBC Holdings and Hong Kong Island Telecom, which have a key impact on the Hang Seng Index, were bought up in large quantities by international speculative funds.

The Hang Seng Index began to climb, reaching 10200-10300...

……

……

7 month 8 day,
The weather on Hong Kong Island will change from rain to cloudy and will be cool.

maritime,

Three yachts are docked.

The three men, Kwan Cho, the Financial Secretary, and the Chief Executive of the Hong Kong Monetary Authority, were sitting on a yacht, fishing.

Inspector Yam of the Hong Kong Monetary Authority explained the current activities in the Hong Kong financial market.

"Currently, speculative funds have more than 160,000 short contracts... and these positions are all from the end of August..."

"In addition, foreign funds have also purchased a large number of constituent stocks, and the Hang Seng Index rose by 3 points, but it was mainly the constituent stocks that rose, while other stocks rose very little..."

Guan Zu's fish floated, so he lifted the rod and caught an 8-ounce grouper, which splashed water and struggled in the air.

"So they should prepare for a decisive battle at the end of August?"

"Obviously, yes."

Guan Zu tilted his head: "The only pity now is that we only have 33 constituent stocks in the Hang Seng Index. It's too easy for them to manipulate the market. I should have added more constituent stocks."

In the previous life, it was also because Soros resolved the Hong Kong financial crisis that Hong Kong created 85 constituent stocks, which greatly increased the cost of short selling for international speculative capital.

Even the wisest can make a mistake, and Guan Zu forgot about this.

So why didn't it increase in the year from 97 to 98 in my previous life?

……

……

July 15th, morning New York time.

Soros and other institutions concocted "Hong Kong Dollar: The Next Thai Baht," which was officially published in The Wall Street Journal.

It features joint signatures from institutions such as Soros and Tiger Fund.

As soon as the news came out,
The Hong Kong dollar foreign exchange market is in turmoil.

Soros and other funds began dumping billions of Hong Kong dollars they had accumulated, triggering market panic.

Investors holding large amounts of Hong Kong dollars saw this report and witnessed the sell-off of Hong Kong dollars in the foreign exchange market, which shook their confidence, and they began to sell their Hong Kong dollars.

In the foreign exchange market, under this strong selling pressure, the Hong Kong dollar began to depreciate against the US dollar.

……

At this moment, in the Eastern Hemisphere, on Hong Kong Island.

23 points.

"Ring ring ring~~~~~"

Guan Zu's phone kept ringing.

There were people from New York, from the Treasury Department, and from the Financial Supervisory Commission.

They all reported the same message to Guan Zu: Soros has finally made his move.

Guan Zu got up and looked out the window.

The leaves are rustling.

got windy!
The amount of speculative capital in this life is greater than in the previous life.

200,000 short contracts, worth HK$100 billion, are locked up in August.

These international speculative funds, including Soros, have set their sights on the Hang Seng Index below 4000 points. If successful, they could earn HK$600 billion.

If Guan Zu could push the Hang Seng Index above 16000 points, Hong Kong Island could earn their HK$500 billion. (Of course, in reality, there would be premature margin calls or forced liquidation, so the actual profit would be much less.)
Besides that, there's also the foreign exchange market...

Who wins and who loses?

Guan Zu was filled with excitement.

Damn it, I've waited a year. Do you know how I've spent this past year?
The situation is set; the prey has fallen into the trap!

It's time to start the killing!
……

……

the next day,
Early this morning, news of the Hong Kong dollar's decline had already reached Hong Kong Island.

However, Hong Kong Island residents are already used to it. It's not the first time they've thrown it away. They've done it several times already, and it's still the same.

Without expert interpretation, citizens will not realize the seriousness of the problem.

Do what you should do.

The only ones who know the impact are Hong Kong's elite. They understand global finance, how it works, the risks of the Hong Kong dollar, and that this financial crisis is different. They know that August is the decisive moment, and that international speculative capital is serious this time.

quickly,

The Hong Kong Island foreign exchange market has opened.

Large amounts of Hong Kong dollars began to be sold off.

Furthermore, banks' Hong Kong dollar to US dollar exchange business has begun to surge.

They are all social elites.

I'll leave the ignorant masses behind and run away first.

Meanwhile, international speculative capital was also frantically selling Hong Kong dollars in the Hong Kong foreign exchange market, dumping HK$30 billion in just one morning.

As for the stock market...
After the stock market reopened, Hong Kong elites frantically sold off their stocks, and Soros Fund and international speculative capital also began to dump shares.

In the first hour of trading, the Hang Seng Index fell by 0.5%.

……

Landmark, Soros Fund Management.

"Too slow, too slow, too slow!"

Rodney Jones watched the Hang Seng Index plummet, and a sense of anxiety welled up inside him.

why?
They've smashed the foreign exchange market!
They crashed the Hang Seng Index!
Why is the drop so small?

"All core members, come together for a meeting to analyze the reasons!"

quickly,

A core meeting was held.

The question was raised, and the other members fell into deep thought upon hearing it.

"why?"

Everyone spoke freely.

"Is it the confidence of Hong Kong Island residents in Hong Kong Island's economy?"

"I do have confidence... but it shouldn't be this outrageous."

At this moment, one of them raised his hand:
"Is it possible that... the people of Hong Kong Island are completely unaware of what's happening outside... most of the media on Hong Kong Island are under the control of the Five Star Group, and ATV, which has the highest viewership, is also owned by the Five Star Group."

"And time and time again, when we wanted to promote something, we were restricted by the Five Star Group..."

"And now, when I watch the TV news last night, and read the newspapers this morning, there isn't much coverage of foreign exchange or the stock market..."

After listening, Rodney Jones and others
They all slammed their fists on the table.

"That's right, that's where the problem lies."

"The Five Star Group, led by Kwan Cho, controls public opinion in Hong Kong."

"The problem has been identified, how do we solve it?"

"..."

The entire audience stammered and remained silent.

It really seems like there's no solution.

Rodney Jones was in a bind. If the public opinion problem wasn't resolved, how could public confidence plummet? And if confidence didn't fall, how could the stock market crash?
"Boss, TVB has always been competing with ATV for the top spot. Should we approach TVB?"

"That's a good idea." "Should we contact some pro-democracy activists and have them organize a march to protest the Five Star Movement's news blackout?"

"Okay, this method will work!"

After much discussion, only these two solutions were found to be inadequate.

……

noon.

Shao Daheng, villa on the hillside.

The July sun became quite intense, and the temperature rose.

The midday sun made the lawn of the hillside villa shine.

Because of the high temperature, Shao Daheng did not go out to sunbathe, but sat on a rosewood chair in the living room, holding a folded copy of Ming Pao in his hand.

He was carefully reading the financial news section.

Fang Yihua walked over carrying a white porcelain tea tray, with steam rising from the Pu'er tea in the celadon teacup.

"master……"

She placed the tea tray on the coffee table next to Shao Daheng.

On May 6th of last year, 90-year-old Shao Daheng and 62-year-old Mrs. Fang registered their marriage in Las Vegas, USA.

They're officially married now, and he's been given a formal status.

Just then, the butler came in: "Sir, there is a gentleman outside named Rodney Jones who requests an audience. He says he is from the Soros Fund Management Company."

Shao Daheng paused in his flipping through the newspaper, his brow furrowing slightly.

"Soros..."

"Let him in, don't be impolite."

Within minutes, Rodney Jones, accompanied by his assistant and the butler, entered the villa.

He was wearing a sharp suit and his tie was perfectly tied.

"Mr. Shao, I've heard so much about you. I'm Rodney Jones."

"Welcome, Mr. Jones..."

"Please have a seat... and make this gentleman a pot of iced green tea."

There are other ways to brew tea besides hot water, such as cold brewing with ice water, each with its own advantages.

Yes, ice water will calm Rodney Jones down.

Of course, Shao Daheng knew that these foreigners all liked to drink coffee, but he deliberately refused to give them any, which infuriated them.

After Rodney Jones sat down, he began to chat casually, starting with praising Shao Daheng, from the Shao family to the TVB empire...

Then stir up some hatred: It's all the fault of Five Star Group, it's all the fault of ATV...

Shao Daheng sipped his tea with a smile.

You say what you want to say, and I'll drink my tea.

We chatted for half an hour.

Rodney Jones stared at Shao Daheng, who remained unmoved. Finally, he couldn't hold back any longer and began to state the purpose of his visit:
“Mr. Shao, I’m here today to talk to you about the media situation in Hong Kong. You see, ATV and TVB have been competing for so many years. ATV is now part of the Five Star Group and has consistently ranked first in viewership. It’s going to be difficult for TVB to catch up.”

"Moreover, this Five Star Group is far too domineering. There is absolutely no press freedom in Hong Kong now! We want the media to report on the true situation of foreign exchange and the stock market, but Five Star Group has suppressed it all. Last night's TV news and this morning's newspapers didn't mention the tense situation in the market at all. You are a senior in the media industry, don't you want TVB to report some fair news?"

"As long as TVB dares to tell the truth and let the public know the real situation of the market, its ratings will definitely surpass ATV's..."

"Furthermore, Mr. Shao, you have always had lofty ideals, and you probably wouldn't want to see the press restricted, would you?"

Shao Daheng put down his teacup, his face still beaming with a smile.

“Mr. Jones, I’ve been in the media for so many years, I know what should be reported and what shouldn’t. The stability of Hong Kong Island is more important than anything else.”

“This isn’t stability, it’s a news blackout!” Rodney Jones exclaimed. “The public has the right to know! They should know how dangerous the Hong Kong dollar and the stock market are!”

Shao Daheng shook his head slightly: "Mr. Jones, I don't understand finance, nor do I care about the market. I only know that the media shouldn't report news randomly for the sake of ratings and cause panic. TVB should report news that benefits the public, not news that causes trouble."

Rodney Jones was about to say something more when Shao Daheng raised his hand to interrupt him: "Butler, see Mr. Jones out."

The corners of his mouth curled up.

You think you can fool me with this?
The butler came over and gestured for them to enter.

Rodney Jones looked at Shao Daheng's unyielding attitude, opened his mouth, but ultimately didn't say anything.

He stood up and left.

Arriving at the villa's entrance, Rodney Jones glanced back at Shao Daheng in the living room, his brow furrowed.

What should I do if I fail?
As the car drove away from the mountainside, Rodney Jones leaned back in his seat and irritably loosened his tie.

The next plan is to incite those progressive individuals.

……

14:00 PM

The top floor of an office building in Sheung Wan, Hong Kong Island.

He Junren's office was small, with several framed "People's Freedom" slogans hanging on the wall and stacks of brochures piled on the table.

He was looking down as he organized the documents.

Because of the Five Star Group, his work became difficult to advance, and he also lost several like-minded friends, such as Li something, Li something, Chen Fang something...

However, this also led to him charging an even higher price.

Just two hours earlier, he received a call from Rodney Jones, and he was overjoyed.

The opportunity to realize your dreams has arrived!
An opportunity to make a fortune has arrived.

"Knock knock knock~~~"

There was a knock on the office door.

"Come in." He Junren looked up and saw Rodney Jones walking in with his assistant, and his face immediately lit up with a smile.

"Mr. He, it's been a long time." Rodney Jones extended his hand, his tone warm.

“Mr. Jones, it’s been a long time.” He Junren quickly stood up to shake hands and led them to sit on the sofa. “Please sit down. David, go and make Mr. Jones some coffee.”

Rodney Jones waved his hand: "No need to trouble yourself. I'm here today because I have something important to discuss with you."

He Junren sat down opposite him, leaning forward: "Mr. Jones, please speak. I will do my best to help if I can."

Rodney Jones took a few newspapers out of his briefcase and spread them on the table.

"Look, the newspapers these past few days have barely any news about foreign exchange and the stock market." He pointed to the newspaper pages, raising his voice slightly. "Hong Kong Island is facing such huge financial risks right now. The Hong Kong dollar exchange rate is fluctuating, and the stock market can't fall but it can't stabilize either, yet the media isn't reporting on it at all!"

Ho Chun-yan frowned: "I've noticed that too. It seems like all the media outlets are being suppressed and are afraid to tell the truth."

“It’s not that we don’t dare, it’s that we’re controlled by the Five Star Group!” Rodney Jones said agitatedly. “ATV belongs to the Five Star Group, and many newspapers listen to them too. Where is press freedom in Hong Kong now? Citizens don’t even have the right to know the truth!”

He stared at Ho Kwan-yan, his tone inflammatory: "Mr. Ho, you have always spoken out for 'democracy and freedom' in Hong Kong. You can't just sit idly by at a time like this."

He Junren asked seriously, "Mr. Jones, what do you want me to do?"

“Organize a demonstration!” Rodney Jones said immediately. “Let’s take to the streets in the name of ‘fighting for press freedom’ and protest the Five Star Group’s news blackout.”

He paused, then added, "I'll also mention the financial crisis, so that citizens know how dangerous the market is right now and that their money could be devalued at any time. This will both sound respectable and make everyone aware of the seriousness of the problem."

The location should be the Hong Kong Stock Exchange, so that more shareholders will be aware of the danger.

He Junren hesitated for a moment: "A march? Wouldn't that be too risky?"

You'll have to pay more, bro!
“What are you afraid of?” Rodney Jones interrupted him. “You’re fighting for the public’s right to know, for the ‘freedom’ of Hong Kong Island, and you’re in the right! Even if the media tries to suppress it, they won’t be able to suppress the voice of the people.”

He took a check out of his pocket and placed it in front of Ho Chun-yan: "This is some funding for the event. If it's not enough, we can make up for it later. As long as the march can be organized and more people can know the truth, it's all worth it."

He Junren's eyes lit up as he looked at the number on the check.

100 million!
US dollars!
This includes operating expenses.

He was silent for a few seconds, then looked up at Rodney Jones, exuding an air of righteousness:
"Great! I've always believed that Hong Kong Island should be free, and the press should be free!"

"I'll take this job. I'll get the manpower in place right away and arrange the parade as soon as possible."

Rodney Jones smiled and said, "I knew Mr. Ho was a responsible man. This time, we must make our voices heard throughout Hong Kong – we want freedom of the press, and we want everyone to know the truth about the financial crisis!"

He Junren nodded vigorously: "Don't worry, I know what to do."

Rodney Jones stood up: "Then I won't bother you any longer. Contact me anytime if there are any updates."

"sure."

He Junren escorted him to the office door, watched his car drive away, then turned back into his office, picked up the checks on the table, and couldn't help but smile.

√！
(End of this chapter)