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

Chapter 868 "866" Guan Zu's press conference "A Letter to the Citizens of Hong Kong Island"! And then... Hong Kong stocks exploded!

Wednesday, August 5th.

The day of the final assault planned by Soros's funds has finally arrived.

They started in the London foreign exchange market, and then in the New York foreign exchange market.

Morgan Stanley, Goldman Sachs, Merrill Lynch, UBS, and other internationally renowned investment banks, along with US investment banks and hedge funds, dumped over HK$400 billion worth of shares into the market in a short period of time.

Okay,

The Hong Kong government had already received intelligence from Kwan Ts'o and used a large amount of US dollar reserves to aggressively buy up the more than HK$200 billion that international speculators had dumped.

This allowed the Hong Kong dollar exchange rate to remain steadily at 7.75:1.
Subsequently,

Just as Soros and his team were preparing a large number of press releases, each one shocking, to publicize this matter on a large scale in Hong Kong...

Hong Kong media outlets rejected them.

"Reporting is fine, but we need to try to downplay it and avoid causing panic among Hong Kong Island residents..."

"Sorry, we can't publish your manuscript. If you really want to publish it, then we'll have to revise it."

"Want to be in the news? Then you'll have to do it our way."

International speculative investors like Soros almost suffered a major setback.

Why pull this on me at such a crucial moment?
Overturn the table (╯‵□′)╯︵┻━┻Ah!

Thinking they had the media under control, they were tricked by Guan Zu.

Even though there's a lot of bad news, it's not going out, what's the point!

quickly,

The sun has moved to Hong Kong Island.

The Hong Kong stock market officially opened, and international speculative capital led by Soros prepared a massive amount of constituent stocks.

Crazy!

Throw! Throw! Throw!
Smash! Smash! Smash!
HSBC Holdings, China Fortune Land Development, Cheung Kong Holdings, Hong Kong and China Gas, Island Electric Power, Electric Light & Power, Hang Seng Bank, and many other heavily weighted index constituents have suffered unprecedented selling pressure.

They seemed to have an endless supply of stock chips, which they frantically dumped into the market, attempting to drive down the prices of these leading stocks and cause the entire Hang Seng Index to plummet.

but,

The Hong Kong Island government and local capital were well-prepared and had also prepared a large amount of funds to quickly take over.

These funds acted like a stabilizing force, continuously absorbing the selling pressure from international speculative capital during stock price crashes.

For a time, the stock price figures on the market display screen in the trading hall fluctuated wildly, going up and down.

The Hong Kong financial market is like a fiercely contested battlefield.

……

Then,

At 10:00 AM,

The Hong Kong Island government officially released Hong Kong Island's financial report for the first half of 1998.

The economic data for the first half of the year was extremely impressive because more than 150 companies invested in the north.

"In the first half of 1998, Hong Kong Island's economy achieved unexpectedly high growth despite the complex international financial environment, relying on the economic development dividends of the mainland and the resilience of local industries."

"According to preliminary calculations, GDP grew by 5.1% year-on-year in the first quarter of the year, a significant jump from the 3.2% growth rate in the second half of 1997. The growth rate in the second quarter even reached 13.5%, demonstrating strong economic growth momentum."

"In the first half of 1998, a wave of investment from Hong Kong Island companies to the mainland erupted, with 168 key local enterprises creating 1.7 related jobs in Hong Kong Island. As profits flowed back, the profits of Hong Kong Island companies increased significantly, with the average net profit of related listed companies growing by 76.5%..."

"Hong Kong Island's economic growth momentum is strong, and its deep integration with the mainland is the core secret to achieving 9% high growth..."

"The long-term positive trend of Hong Kong Island's economy is irreversible!"

The release of the government's financial report will first affect the elites.

Because only they will care about it the fastest.

then……

After they finished reading it, they were all dumbfounded.

No, how come you're fine?

How can it be fixed?

GDP grew by 13% in the second quarter!
What a pervert!
Moreover, this occurred despite the continuous attacks on Hong Kong Island by international speculative capital.

Back then, Thailand was known as the number one of the Four Asian Tigers, but its GDP was only 10%.

So what are you waiting for?
The stock is bound to rise!
It has to surge!

"purchase!"

"I have to buy it right away!"

Many elites quickly converted all their stored US dollars into Hong Kong dollars, deposited them into their securities accounts, and then went on a buying spree of blue-chip stocks. Many others also began buying red-chip stocks.

They used to look down on mainland China, thinking that red-chip stocks were too annoying.

But now that the mainland is so powerful, I love red-chip stocks the most!
The elite class is already very wealthy, and they like to hoard US dollars. This time, in order to buy Hong Kong stocks, they converted US dollars back into Hong Kong dollars, which led to a rapid increase in the US dollar reserves of the government and banks.

……

In addition to the elite class, major financial institutions on Hong Kong Island also saw the Hong Kong government's financial report.

After watching,

Gritting teeth.

"You Hong Kong government, you've really kept it well hidden!"

"It's been so long, and not a single word has gotten out!"

The chief analyst of a large securities firm muttered to himself as he rapidly flipped through the report, "These figures are astonishing. More than 150 companies have invested in the north, and the profits are staggering!"

The news quickly spread among financial institutions.

The atmosphere in the trading rooms of various institutions instantly became heated.

A near-frenzied excitement replaced the original caution and fear.

"And judging by this trend, the stock is definitely going to rise!"

"Hurry up, buy it all for me!"

As financial institutions entered the market, a large amount of capital began to flow into the stock market like a surging tide.

The stocks of those constituent companies that occupy an important position in Hong Kong Island's economy instantly became the focus of competition.

Other institutions have turned their attention to sectors related to northbound investment, with stocks in manufacturing and service industries attracting significant capital inflows.

Huge buy orders kept pushing up stock prices, and the market, which had been somewhat sluggish due to the influx of international speculative capital, was now blazing hot. Boom! ...
Driven by capital inflows, stock market trading volume surged, and stock prices soared.

……

10 points,
Hong Kong government office building.

A press conference was held.

Financial Secretary Tsang Sir reappeared before all media outlets after a three-day hiatus.

Inside the press conference hall of the Hong Kong government office building, the lights are focused on the podium.

Financial Secretary Sir Tsang walked steadily onto the stage.

The cameras of numerous media outlets in the audience all focused on him.

"Dear friends from the media..."

Inspector Tsang's gaze was firm as he swept across the entire room:
"The purpose of this press conference today is to provide a detailed explanation of the financial report for the first half of 1998 that has just been released."

His voice was passionate and powerful.
"Over the past six months, the international financial situation has been turbulent, with the Asian financial crisis raging and many neighboring countries and regions suffering greatly. However, Hong Kong Island has achieved remarkable economic results in this complex environment, with growth exceeding 9%."

"The second quarter even saw growth exceeding 13%!"

"At the heart of all this lies Hong Kong Island's sound economic system and abundant..."

"Most importantly, more than 150 companies have actively invested in the north, which has become a key force driving economic growth..."

"The mainland has a huge market, abundant resources and human resources, while Hong Kong Island has the status of an international financial center, advanced financial experience and a broad international perspective. The cooperation between the two sides can unleash tremendous energy!"

Inspector Zeng paused briefly, his gaze hardening further:
"Currently, international speculative capital is attempting to disrupt Hong Kong's financial market, hoping to create chaos and profit from it."

"But after seeing this financial report, everyone should have full confidence in Hong Kong Island."

"Hong Kong Island's economy is well-founded, with strong support from the mainland. Our financial market is not something they can manipulate at will."

"International speculative capital's attempt to drive the stock market down to 4000 points is wishful thinking!"

"I believe the Hong Kong stock market will definitely return to 17000 points this time!"

"I have confidence in Hong Kong Island!"

"I have confidence in the people of Hong Kong Island!"

"I have confidence in my motherland!"

On stage,

Inspector Tsang's speech was passionate and resounding.

A flurry of camera shutter clicks filled the air as numerous media outlets snapped their photos.

……

……

noon,

ATV and TVB abandoned all other news coverage and focused their reporting on this press conference.

This press conference quickly became the focus of heated discussion among Hong Kong citizens.

From Tsang Sir's words, they saw the solid foundation of Hong Kong Island's economy and felt the powerful force emerging from the cooperation between Hong Kong Island and the mainland.

Confidence in Hong Kong's economy has been rekindled!
"17000 points!"

"Buy, buy, buy!"

"rush!!"

Many citizens are starting to get restless and are preparing to reinvest their funds in the market.

……

in the afternoon,

1 points.

Influenced by the financial report and press conference, the stock market opened...
The previously stable trading system was instantly ignited by a surge of buying orders.

On the giant electronic screen in the center of the hall, the opening figures of the Hang Seng Index immediately caused a stir – the index surged 328 points to 10153 points at the opening, breaking through the 10000-point mark and rising by nearly 3%.

The traders practically jumped out of their chairs.

In the trading room of a brokerage firm in Hung Hom,
The trader yelled, "500 lots! 1000 lots! And there's an institutional order for 2000 lots!"

His voice was filled with barely suppressed excitement.

New World Group's opening price jumped 4.2%, and buy orders at the top price piled up like a tide. Within just two minutes, the trading volume exceeded 500 million shares, far exceeding the trading volume of half an hour on a normal day.

Not only blue-chip stocks, but also sectors related to northbound investment have "soared to new heights".

On the right side of the electronic screen, the top 20 stocks on the "gainers list" were all in green, with the lowest gain exceeding 5.5%, and many stocks had already risen by more than 10% at the opening.

The atmosphere in the trading floor of the Hong Kong Stock Exchange is far beyond what can be described as "intense".

Countless citizens waved banknotes:

"Buy it for me right now!"

"What? It went up 4.8%! Of course, I'll keep buying more!"

At banks across Hong Kong, small and medium-sized investors lined up in long queues. An elderly woman carrying a shopping basket clutched her passbook, anxiously asking the teller to withdraw HK$5 from her fixed deposit and transfer it into her stock account.

Buy and buy!
Within just 15 minutes of the afternoon market opening, the Hang Seng Index trading volume exceeded HK$70 billion (including the morning session), which is already more than the total trading volume for most days in a whole day.

The index curve on the electronic screen rose sharply like a rocket, and at 1:45 p.m., the Hang Seng Index's cumulative daily increase exceeded 6%.

At 1:58, the index broke through 10500 points, rebounding more than 600 points from the morning's low.

The short selling that had appeared sporadically in the morning was completely absorbed as soon as it was released.

A market crash?

Smash it!
At Soros Fund Management, there was a deathly silence.

"There are too many buyers, and we simply can't bring our sell orders down..."

At 3 p.m., the Hang Seng Index stood firmly above 10800 points, with the daily gain expanding to 8.3% and trading volume approaching HK$120 billion.

Subsequently,

More citizens arrived.

"Bull market! Bull market!"

"Come on!"

Then, the Hang Seng Index surged again with increased trading volume.

Hong Kong stock markets closed at 4 p.m.

The Hang Seng Index has reached the 10000 mark!
A single-day increase of 10.3%!

(ps: The record for the largest single-day gain in the US NASDAQ Composite Index is 14.17% on January 3, 2001.)

……

……

Landmark Plaza.

Soros Fund Management Group.

In the office,

Rodney Jones and his team stared at the indices displayed on the computer screen, their heads buzzing.
My hands and feet are cold.

"Why is this happening?"

"Impossible, absolutely impossible!"

Ring ring ring~~~~
"Mr. Jones... this is to formally inform you that your current short positions in the stock index have exceeded the maintenance margin... please submit margin as soon as possible to avoid being liquidated..."

Ring ring ring~~~~
"Mr. Jones~~~"

Ring ring ring~~~~
One phone call after another came in, all urging me to pay the deposit.

Rodney Jones was currently torn between his inner thoughts and his own.

pay?
Or not pay? Or close the position directly?
He couldn't make up his mind.

"It's 3 a.m. in New York... The boss should be asleep by now..."

In the end, he decided to make the call.

Sleep? What are you talking about?

Get up and get to work!

At this moment, Rodney Jones was already getting a little irritable.

……

……

USA,

It was 3 a.m. in New York.

Soros Estate.

Although it was night, the lights were on, reflecting a scene of chaos.

Soros is getting old, so he goes to bed around 22 p.m.

As a result, at 1 a.m.
The ringing of bells went on and on.

Soros was woken up and was in a very bad mental state.

These calls all came from international speculative capital.

"George, didn't you say Hong Kong was going to collapse? Today, the Hong Kong stock market is bucking the trend and surging. What's going on?!"

"Today's Hong Kong stock market performance is completely contrary to your prediction! Our short positions are seeing losses increase every minute."

"George, you have to give me an explanation!"

"Our short positions are already showing a floating loss of over 11%!"

"Soros, this is a disaster! We trusted you and followed your strategy to short the Hong Kong market, and this is the result?"

"You have to find a way to turn things around, or you'll drag our entire financial industry down with you!"

It was all questions and anger.

Soros was driven to the point of having bloodshot eyes by the constant phone calls.

When he was the 'leader', he enjoyed the adoration and support of numerous speculative investors.

Now, he is naturally going to suffer the consequences.

Ring ring ring~~~~
At this moment,
Rodney Jones called.

“Boss, you’ve seen the situation in Hong Kong. We’re facing a dilemma. Our short positions in stock indices have far exceeded the maintenance margin, and many brokers are pressuring us to pay the margin. If we do, given the current situation, we don’t know how much money we’ll have to put in; if we close the positions directly, we can’t afford the huge losses.”

"Should we close the position to cut our losses, or add to the position and take a gamble?"

Soros: "Tell me the specifics, and your analysis..."

Rodney Jones reported quickly.

Soros paused for a moment, lit a cigar, took a deep drag, and the smoke swirled in the dim light.

His mind raced as he weighed the pros and cons.

On the one hand, the Hong Kong Island government's sudden release of a stellar financial report was completely unexpected, and continuing to add margin at this moment is undoubtedly a gamble on a potential crash in Hong Kong stocks;

Conversely, if the position is closed directly, the large amount of capital invested in the early stage will be lost.

Moreover, there are also speculative funds, the IMF, the Federal Reserve...

Do you want to give it a try?
Soros is measuring.

What is the outside world's evaluation of Soros?

King of Stress Relief

Based on Soros's past investment cases, he exhibits typical characteristics of a "resilient speculator".

During the 1987 stock market crash, although the Quantum Fund went from a 60% profit to a 10% loss within a week, with its net worth evaporating by more than $8 million, he did not choose to completely exit the market. Instead, he quickly adjusted his strategy, seized the opportunity to short the dollar, and ultimately still achieved a 13% profit that year.

This operational style of seeking opportunities to fight back in adversity shows that he has a strong tolerance for market fluctuations and tends to persevere in a crisis rather than easily admit defeat.

In his autobiography, Soros repeatedly emphasizes the philosophy of "reflexivity," which states that the cognition of market participants can influence the market itself, creating a self-reinforcing trend.

Therefore,
What was Soros's mindset at this moment?

After calm reflection,
He remains convinced that the optimism brought about by the Hong Kong government's financial report is only temporary, and that continued pressure can still shatter market confidence.

Another reason he cannot withdraw is the huge sunk cost.

After more than a year of planning, are they really going to slink away and cut their losses?

It hurts!

Moreover, if he fails in the Hong Kong market, it will be a major stain on his career, and the reputational loss will far outweigh the short-term financial loss.

After a long pause, Soros exhaled a puff of smoke and instructed Rodney Jones:

"Don't rush to close your position. Closely monitor the developments in the Hong Kong market and contact other allies to see what they think. Delay the margin payment as much as possible before I make a final decision."

hang up the phone,

Soros got up and walked to the window, gazing at the night sky outside, where dark clouds filled the sky.
This move regarding Hong Kong Island seems to be much more difficult than imagined.

Is it really possible to just give up so easily and cut your losses to leave the game?
Do not!
This is absolutely not my life motto!
Asia is nothing more than meat for us to slaughter!

Japan was so powerful back then, it even claimed it would buy up the United States, but it still collapsed in the end.

Therefore, Asia's economy is all show and no substance!
……

……

At this time,
On Hong Kong Island.

Central Plaza, top floor.

Guan Zu was watching ATV's 19 PM news, which was reporting on the foreign exchange and stock markets...

Wen Huixin sat upright in front of the camera:
Good evening, viewers! Welcome to ATV's 19 PM news.

"Today, the Hong Kong financial markets experienced a breathtaking day..."

"In the foreign exchange market, international speculative capital sold off as much as HK$420 billion today..."

"In the stock market, influenced by the latest fiscal report released by the government, confidence in the Hong Kong stock market was greatly boosted, with a single-day increase of over 10.3%, successfully breaking through the 11000-point mark..."

Guan Zu looked at the news, a slight smile playing on his lips.

Kwan Cho turned to Wu Lianqian beside him: "Tomorrow, inform the media that I will be holding a press conference at 8 a.m. in my capacity as president of Five Star Group and chairman of the Legislative Council, in conjunction with the Financial Secretary. Also, notify ATV and TVB to broadcast it live..."

Soros and his gang aren't puppets; they'll run away when they see danger.

Therefore, we must strike while the iron is hot and drive the stock market up in one fell swoop.

They can't escape even if they try.

Wu Lianqian, dressed in a business suit, has, after years of training, developed the aura of a world-class secretary—shrewd and capable.

"Brother Zu, if we announce it now, won't it make them run even faster?"

Guan Zu nodded: "So, we need to notify the media at 7 o'clock tomorrow, not now."

Wu Lianqian: "Yes!"

Guan Zu glanced at the "call authority" in the system... This was a reward from the system when Five Star Bank was established last time and distributed hundreds of billions of shares to the citizens.

but……

I don't need you at all right now.

At this moment, Guan Zu was full of confidence!

……

……

Over in New York,
Wait and wait...

A new day begins, as the sun rises over New York and shines upon the city.

New Yorkers are beginning to recover.

At 9 a.m., a somber atmosphere permeated the entire Soros Fund Management Group.

Each employee received the message from Hong Kong Island.
Hong Kong stocks surge 10%!

This is absolutely terrible!
The Soros Fund Management Group is about to face the biggest crisis of its 'life'!

As time goes by

More and more global financial giants, including various speculative funds, funds, the IMF, the Federal Reserve, and European financial groups, arrived at the Soros Group building.

In addition, there are Soros's financial backers.

Just three months ago, these big investors were shouting "Get rich!" and eager to hand over all their money to Soros, yelling, "Mr. George, make me rich!"

Now, seeing the Hong Kong stock market surge, they're panicking.

My money!

So they rushed to the Soros Fund Management Group and shouted:
"Fuck you, give me my money back!!"

However, Soros's more important task at this time was to meet with various funds and speculative investors to discuss whether or not to withdraw.

Investor?

Sorry, but now you need to be called something else – leeks!
You'd better wait patiently in the back!
……

9:30,

The large conference room on the top floor of the Soros Fund building.

Everyone was already seated.

The long oval conference table was filled with financial tycoons. The neatly arranged coffee cups and documents could not conceal the heavy and anxious atmosphere.

"The situation in Hong Kong Island has suddenly changed. What do you all think we should do?"

"Speak freely..."

Soros spoke first.

The head of a European hedge fund said: "I think we have to withdraw! Hong Kong stocks suddenly surged by 10%, and the Hong Kong government may still have cards up its sleeve that we don't know about. If we continue to drag this out, our losses will only get bigger and bigger!"

"Withdraw? How do we withdraw?" Another voice followed, belonging to the owner of a US-based speculative investment firm.

"We've already invested so much money in short selling, withdrawing now would be admitting a loss. All of us here have lost at least HK$50 billion!"

Another person tapped on the table.
"I believe that the sudden surge in Hong Kong stocks is just the Hong Kong government's last-ditch effort. Their financial reports may be inflated, and they won't be able to hold on for long! Just hang in there a little longer, and once market confidence returns, we will definitely be able to turn the situation around!"

“That’s right. We have so many Hong Kong dollars in reserves. The Hong Kong government’s foreign exchange reserves will eventually run out. It would be a waste to withdraw now. We should continue to increase our reserves!”

Just finished,
The opposing funds started criticizing: "Still adding to your position? Cutting your losses is the right thing to do. If this drags on any longer, our fund will go bankrupt!"

The two sides immediately started arguing, and the meeting room instantly became noisy.

"You didn't even consider the risks!"

"Risk? What business in finance is risk-free? The biggest risk is withdrawing now; it's called cutting your losses and leaving the market!"

Both sides stuck to their own versions of events, and their voices grew louder and louder.

Some people even stood up and pointed their fingers at each other, arguing and causing a brief period of chaos.

Just then, the IMF's deputy vice president tapped on the table.
"Quiet~~~" Everyone quieted down.
"Our IMF stance is very clear – we cannot back down. If we lose to Hong Kong this time, Hong Kong's reputation as an international financial center will be greatly enhanced, and the influence of the University of Tokyo in the global financial market will also increase significantly, which is very detrimental to us in the West."

Anyway, the IMF didn't invest any money in it. So, even if the chances of winning or losing are 50/50, the money you lose will be yours.

Moreover, you only need to consider losing money, while we have much more to consider, such as the strength of the West... cross that, the United States.

at this time,

A representative from the Federal Reserve also spoke, his voice steady yet carrying an undeniable authority:
"The Federal Reserve holds the same position. We have already provided some liquidity support to everyone, with the aim of crippling Asian financial markets (establishing the dollar's dominance)."

"Withdrawing now would not only mean giving back the benefits gained in Asia, but would also significantly weaken the West's (the United States') voice in the global financial arena..."

The Federal Reserve carries a heavy burden and has too many things to consider!

After he finished speaking, the conference room fell into a brief silence.

Those who advocated evacuation showed hesitation on their faces;

Those who advocated continuing the fight had an even more determined look in their eyes.

Outside the meeting room...

Those investors who want their money back are still waiting anxiously, unaware that their hard-earned money is about to be invested in an even more dangerous gamble.

……

After the meeting,

Many major speculative investors have left the market.

Some of these speculative investors have already made their decisions.

"Persist? Persist my ass!"

"You guys hang in there, I'm running away first~~~"

"Let's cut our losses then..."

Soon, they made a call to Hong Kong Island, preparing to cut their losses and leave.

At this point, they belatedly realized that the sudden increase in margin requirements by Made Island might be an attempt to delay informing them of the liquidation process.
Damn it, I've been fooled by Hong Kong Island!
还有一个令他们蛋疼的事是：现在港岛那边是夜晚22点，期指市场是不开的，期指市场的交易时间9:11-12:00、13:00 -16:30。也就是说，他们要到了等到港岛时间明天9:15之后才能开始割肉。

……

……

Hong Kong Island

Rodney Jones is also actively looking into the problems in Hong Kong Island.

Is the Hong Kong government's action based on solid grounds?

Then he found Luo Minsheng of the Landlord Association.

After more than a year of 'cultivating their relationship,' the two became good friends in the same industry, and often met up for meals to talk about the stock market, the economy, and the world situation.

Rodney Jones: "Mr. Rodney, what's going on in Hong Kong right now? Do you have any inside information?"

Luo Minsheng also frowned: "I don't know either... but my intuition is that the Hong Kong Island government has run out of options and this is their last hurrah."

To cooperate with Rodney Jones's performance, he also bought 1000 short positions in index stocks, worth HK$5000 million.

Fortunately, Brother Zu reimbursed him.

In the previous year, Lo Man-sang repeatedly acted as a traitor, predicting the downfall of Hong Kong's economy, which prompted Rodney Jones to add a few lines to his report to Soros saying that "Hong Kong will inevitably collapse."

Keep going, Sheng-ge!

……

……

A new day,
October 5th, Thursday.

As the sun rises from the eastern ocean, it shines upon Hong Kong Island.

Countless citizens awoke from their homes, got up, made breakfast, or went downstairs to eat breakfast, while those who got up even earlier had already started taking the bus to work.

ATV and TVB News also broadcast the news on time.

"Good morning, everyone..."

"Announcement of an important news..."

"At 8:00 a.m., at the headquarters of the Five Star Group in Central Plaza, Mr. Kwan Cho, Chairman of the Five Star Group and Chairman of the Legislative Council, together with the Financial Secretary, will hold a press conference to be broadcast live throughout Hong Kong."

"At the press conference, he will announce an important message that concerns all citizens of Hong Kong."

"ATV and TVB will broadcast the entire event live, and Hong Kong Island Radio will also broadcast it simultaneously..."

"Citizens are welcome to tune in on time..."

at this time,

In every household, the television was on, and the citizens all turned to look.

In tea restaurants and breakfast shops, many citizens also looked up at the television.

"Wow, this is the first time Mr. Guan has held a press conference live at this time."

"This is an even bigger event than the financial report released by the Financial Department yesterday."

"That must be a very important matter."

"Could it be related to the stock market?"

"It must be the stock market. Look at the time, 8:30. It's definitely in preparation for the stock market to open!"

"They're even teaming up with the Financial Secretary; they're up to something big!"

Subsequently,

TVB, ATV, and radio stations reported this news every 20 minutes, continuously rotating the news feed.

More and more citizens across Hong Kong are aware of this.

Mr. Kwan's prestige on Hong Kong Island is so high that his every move affects the citizens of Hong Kong Island.

The public in Hong Kong Island naturally attaches great importance to this special press conference.

"Boss, I need to take the morning off today..."

"Mr. Guan is holding a press conference, I want to watch the live stream..."

"What, you want to see it too? Thank you, boss..."

"Boss, I'll skip the construction site for now, I need to ask for two hours off..."

"Supervisor, I need to take leave..."

Citizens who had to go to work called to ask for leave.

The people at Landmark Soros Fund Management, including Rodney Jones, were a little scared as they watched the news.

"What is this Guan Zu up to?"

Why do I have a bad feeling?

Rodney Jones was speechless.

"Why are you panicking? Guan Zu is just one person. What can he do?"

"Do you expect me to encourage people to buy stocks?"

He simply didn't believe that a capitalist, no matter how much good deeds he did, was still a capitalist and could encourage others to buy stocks.

……

……

Meanwhile, in Causeway Bay.

Guan Zu went downstairs.

"Grandma, good morning~~~"

"Good morning, Brother Zu~~"

"Ah Zu, what are you going to talk about at the press conference later?"

"Haha, it'll be a secret for now, remember to watch..."

At this moment, Uncle Chen, who runs a newsstand, asked, "Grandpa, the Hong Kong stock market should be fine, right? I saw in a few newspapers that the Hong Kong stock market will be like those in Southeast Asian countries like Thailand..."

Guan Zu smiled and said, "Don't worry, everything will be fine."

finished,

Guan Zu got into the black Chevrolet and headed straight for Central Plaza.

He's waited a year, and now it's his time to shine.

We must take down these international speculative funds in this battle!

……

……

At 7:50, there were still 10 minutes until the scheduled start of the press conference.

ATV and TVB cameras cut to the press conference at the Five Star Group headquarters in Central Plaza on time.

On the screen, a spacious press conference hall...

There was no one on the stage.

Below the stage, reporters from over 70 local Hong Kong media outlets had already taken their seats, along with eight other media outlets such as Reuters, AFP, and AP...

Everyone held their breath, the air thick with a tense anticipation, as if a storm was brewing.

Meanwhile, in the streets and alleys of Hong Kong Island, large numbers of diners gathered in front of television sets at tea restaurants, breakfast restaurants, and other establishments.

In the living rooms of countless homes, citizens turned on their televisions and watched.

Inside the taxi, the radio was on, broadcasting, "The press conference will begin in 10 minutes."

In office buildings, wherever there is a television, many office workers gather and turn on the TV.

In the Soros Fund office at Landmark, Rodney Jones and his team members were gathered around the television, waiting for the press conference to begin.

At this moment, the entire city of Hong Kong is watching!
……

7 points.

Backstage,

Wu Lianqian: "Brother Zu, there's one minute left..."

Guan Zu looked at himself in the mirror and took a deep breath.

……

8:00,

"Tap tap tap~~~~"

Guan Zu wore gold-rimmed glasses and a black suit. He was tall and imposing, exuding an unparalleled warmth and approachability amidst his dignified presence.

He walked onto the stage amidst all the cameras and gazes.

Standing.

The camera was pointed at him.

Ah~~~~~~
So dazzling!
"The 600 million residents of Hong Kong Island, and the more than 100 media friends in the audience..."

"good morning everyone……"

Guan Zu's voice was broad and powerful, resonating throughout the press conference venue and countless households.

"This morning, I went downstairs, and my neighbor, Uncle Chan, asked me if the Hong Kong stock market would be like those in countries like Thailand..."

"I understand the concerns of the citizens. I am standing here today to reassure everyone!"

Guan Zu's voice is steady and powerful, giving people a sense of confidence.

"Everyone saw it! Those international speculators, like a pack of starving jackals, pounced into our market with their jaws wide open!"

"Yesterday, they dumped HK$420 billion in the foreign exchange market, trying to disrupt our exchange rate; in the stock market, they also frantically sold off shares, trying to drive down the Hang Seng Index!"

"They have accumulated more than 20 short contracts in the stock index futures market, amounting to as much as 1000 billion yuan. As long as the stock market falls, they can make huge profits."

"Where do they want to get the profits?"

"This wealth comes from the hard work and dedication of generations of our people!"

"But... what I want to say is that these speculators are just paper tigers that can be easily punctured!"

Guan Zu picked up the financial report on the table: "Everyone knows about the financial report released by the Financial Secretary yesterday. All day yesterday, ATV, TVB, and this morning's newspapers, countless experts analyzed the value of this financial report!"

"The 9% GDP growth in the first half of the year is not just a cold, hard number; it is the strong confidence that 10 billion people in China give us! China is the backbone of Hong Kong's economy and our protective moat!"

"In the future, Southeast University will surely take off."

"And Hong Kong Island, as long as it follows in the footsteps of Southeast University, will surely take off!"

On the streets and alleys, whether it's an elderly person sitting at home, a street vendor, or a white-collar worker in an office building...

Guan Zu's words were like a flame, igniting everyone's confidence.

The hesitation and anxiety on the faces of the citizens gradually disappeared.

At this moment, Guan Zu's voice began to sink again:
"The 600 million Hong Kong Island residents watching on television..."

"Everyone should know what happened to Southeast Asia..."

"Although the financial crisis has passed, Southeast Asian countries are still devastated... On the streets of Bangkok, Thailand, a shop has its shutters down and has never opened again; in factories in Kuala Lumpur, Malaysia, machines have rusted and never started again! And there are also Indonesia, India, and the Philippines..."

"In the past, they were glorious, their economy was booming, and they were the envy of the world, known as the Four Asian Tigers and the Four Asian Dragons..."

"But just last year, international speculators led by Soros launched a malicious attack, causing these currencies to depreciate to the point of being worthless, wiping out a lifetime's savings overnight!"

"That wasn't enough. In the end, their oil fields, their ports, and their factories were all bought up by Western capital at rock-bottom prices! The entire country became a cash cow for Westerners! And the wealth accumulated by the people over generations ultimately became the wealth of those international speculators and Western capitalists!"

"Such a tragedy..."

Guan Zu's voice suddenly rose eight octaves!
"Can we allow it to be staged on Hong Kong Island?"

"Can we, and our descendants, suffer such hardship again?"

Guan Zu's indignant voice echoed throughout the press conference.
"Do you want Hong Kong Island's economy to become their ATM, where they can take whatever they want?"

"Do you want them to take away all the wealth we've built up over decades?"

Do you want our children to have no hope for the future?

this moment,
All Hong Kong citizens clenched their fists.

Angry eyes!
Don't want to!
disagree!
They absolutely cannot accept this future!

Guan Zu waved his fist:

"I know! You don't want to!"

"What Hong Kong Island is facing now is not a simple stock market fluctuation, but a financial battle to defend the dignity of Hong Kong Island!"

"Hong Kong Island's economy needs the protection of all of us!"

"The Hong Kong government will use all of its foreign exchange reserves to defend Hong Kong Island!"

"Five Star Group, along with all local businesses, will dedicate all their funds to defend Hong Kong Island!"

"The government will stand on the front line of the defense!"

"The Five Star Group and other local enterprises will also stand at the forefront of the defense!"

"it's here……"

Guan Zu looked at the camera as if he were looking at every household in Hong Kong, and the 600 million citizens of Hong Kong Island.

"it's here,"

"I call upon them!"

"All Hong Kong citizens can work together with the Hong Kong Island government, Five Star Group, and local businesses to safeguard Hong Kong Island's economy!"

"We are not fighting for money, but to protect the land beneath our feet and to leave our children a safe home."

"In this battle, we must tell those so-called international speculative capital that Hong Kong Island is not a place where they can do whatever they want!"

"In this battle, we want to tell them that Hong Kong Island was built with the blood and sweat of 600 million Hong Kong Island residents. If they want to take it, they should first ask every one of us Hong Kong Island residents for our consent!"

Guan Zu's voice was full of burning sincerity, like a raging fire scorching everyone's heart.

this moment,
Guan Zu waved his arm and paused for 3 seconds.

All Hong Kong citizens held their breath and watched intently at this moment.

At last,
Guan Zu shouted loudly:

"Hong Kong Island—Victory is assured!"

The moment the words fell,
All the Hong Kong Island reporters present felt their blood boil with excitement!
The whole audience cheered!

"Hong Kong Island – Victory is assured!"

"Hong Kong Island – Victory is assured!"

At this very moment, in countless homes, tea restaurants, breakfast parlors, office buildings...

The whole of Hong Kong is like a powder keg that has been lit!
The whole of Hong Kong cheers!

Countless shouts rang out, echoing across the sky above Hong Kong Island!

Meanwhile, the foreign media members in the audience all turned pale.

At Landmark Plaza, Rodney Jones and the others were all pale-faced, with Rodney Jones slumped into a chair, his hands and feet ice-cold.

Finished!

It's all over!

After a long time,

Guan Zu, watching on television, gave another speech.

He hadn't finished speaking.

On the stage, Guan Zu stood tall, his gaze intense.
"Dear residents of Hong Kong Island..."

“I have said it before,”

"The development of Hong Kong Island cannot be separated from you!"

"You have all contributed to the prosperity of Hong Kong Island!"

"Five Star Group and Five Star Bank are willing to lead you to prosperity and share in the fruits of Hong Kong Island's prosperity!"

"What I say always stands!"

"This time, Five Star Group secured more than 300 billion yuan worth of long positions in Hong Kong stock index futures."

"I promise here... if this battle to defend Hong Kong Island is successful, all the money earned will be between 50 billion and over 100 billion..."

"The Five Star Group will not take a single penny of this money; it will all be used to establish a group company that belongs to all the people of Hong Kong Island, with 100% ownership by the people."

"It will be used to invest in the mainland, and of the profits earned, 30% will be used to further expand the group, while the remaining 70% will be distributed as dividends to all citizens of Hong Kong!"

"Just like I said—"

"Glory, I will not keep it all to myself!"

"Success will definitely be achieved with your participation!"

Guan Zu's voice resonated clearly and powerfully in the hall, on the television, and in the ears of all the viewers.

All the citizens of Hong Kong watched that towering figure on television.

this moment,
He is like the sun!
Dazzling!
……

Clang!

Landmark, Soros Fund Management

Rodney Jones slipped off his chair and fell to the ground!
"It's over!"

"It's really over!"

If he still had any wishful thinking beforehand.

Now, he is completely desperate!
You fucking lunatic!

Why did Guan Zu give the money to those citizens?
50 billion to 100 billion!
What a waste of money!

How can I fight someone like that?
Can't beat!
"Quick! Make a call!"

"Notify the boss!"

He reached out his hand and shouted in a panic.

……

at this time,

The whole of Hong Kong was in an uproar.

"What are you waiting for?"

"Buy stocks!"

"Push the Hang Seng Index up!"

"Get those despicable international speculative funds of Soros out of Hong Kong!"

"Hong Kong Island will prevail!"

The whole of Hong Kong started to move.

"Boss, I need to take a leave of absence; I want to buy stocks!"

"That's right!"

"The boss is taking leave. Have you seen the news?"

"Approved! Approved!"

"I'm not doing any work, I'm going to buy stocks!"

"Notify all employees that today is the day off; go buy stocks!"

"Long live the boss!"

"Go, go, go!"

"Hong Kong Island will prevail!!!"

……

9 points,
Hong Kong Stock Exchange, open!
The thousands of people who had been waiting outside surged in like a tide, with a continuous stream of citizens pouring in from all directions.

Even before the securities companies opened, large crowds of citizens had gathered outside each one.

The entire population of Hong Kong went crazy.

The enthusiasm for buying stocks is soaring!
……

At 9:00 AM sharp, the pre-market auction session for Hong Kong stocks officially began!

The electronic screens in the Hong Kong Stock Exchange trading floor lit up instantly.

The Hang Seng Index's preliminary readings are starting to fluctuate – 11180 points!
0.7% directly!

A commotion instantly arose in the crowd.

"It's starting to rise!"

"Based on this projected increase, the opening price will definitely be over 2%!"

"Great!"

At 9:15, the bidding period entered the "irrevocable period," and the pre-bid index rose to 11210 points, an increase of 1.9%.

At 9:25 AM, the Hang Seng Index jumped to 11250 points in the opening session, with a gain of over 2.2%!

In the lobby of the Hong Kong Stock Exchange, everyone stared at the large screen, their breathing becoming rapid.

At 9:30 AM, Hong Kong stocks officially entered continuous trading!

The Hang Seng Index opened at 11250 points, up 2.2%!

As soon as the red numbers lit up, the entire hall erupted in cheers!

"Hahaha~~~~"

"2.2%!"

Immediately afterwards, the index shot up like a rocket—

At 9:31 AM, the index was at 11300 points, up 2.7%.

At 9:32 AM, the index stood at 11350 points, up 3.2%.

At 9:33 AM, the index reached 11400 points, a gain of 3.6%!

Soar!
The cheers in the trading floor of the Hong Kong Stock Exchange were deafening.

At 9:40 AM, the index broke through 11500 points, with the increase surging to 4.5%!

"It's already risen to 4.5%!"

"If it rises a little more, it will wipe out the speculators' short positions!"

Some people slapped the table and laughed loudly, while others were so excited that their hands trembled.

At 10:00 AM sharp, the index broke through 11700 points without any doubt, with the increase soaring to 6.4%!

At 10:05, the index stood at 11800 points, up 7.3%.

At 10:11 AM, the index was at 11900 points, up 8.2%.

At 10:18, the index rose to 12000 points, a gain of 9.1%.

The Hang Seng Index has officially broken through the 12000-point mark!
The Hang Seng Index has been ripped out!
The entire Hong Kong Island was completely engulfed in revelry!

(End of this chapter)