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

Chapter 869 "867" The Spirit of Hong Kong Island: United We Stand! International Speculative Capital: I... I'm utterly shattered! Battle Royale!

Today, ATV and TVB have been broadcasting live non-stop since 8 pm.

The camera keeps switching between scenes of securities companies and the Hong Kong Stock Exchange.

"10:18 AM, less than an hour before the market opens..."

"The Hang Seng Index has surged to 12000 points, a gain of 9.1%!"

“Countless citizens came to the Stock Exchange.”

"How much will it rise today?"

"20%?"

"30%?"

"Next, we'll interview the local residents..."

The reporter first stopped an elderly man with gray hair who was clutching a bankbook in his hand.

"Hello, ma'am! We are reporters from TVB. We would like to ask if you came to the Hong Kong Stock Exchange today specifically to buy stocks?"

Upon hearing the question, the old woman immediately straightened her back, her voice, though somewhat hoarse, remarkably strong:
“Yes! I came all the way from Yau Ma Tei by subway! Last year, my grandson was seriously ill and hospitalization would cost a lot of money. After learning about the situation, Mr. Kwan’s Five Star Charitable Foundation approved a donation for medical expenses and also helped us find the best doctor!”

“This time, Mr. Kwan said he wanted to protect Hong Kong Island and asked us to buy stocks to support the market. How could I not come? This HK$10 of my retirement money is not for making money, but to repay a debt of gratitude and to protect our Hong Kong Island!”

As she spoke, the old woman's eyes were filled with gratitude for Guan Zu.

The reporter then turned to a middle-aged man in overalls standing nearby.

“I work in the renovation industry at a construction site in Causeway Bay. I specifically asked the foreman for leave today! A few years ago, I lost my job and my family was almost starving. It was Mr. Kwan’s company that hired temporary workers, giving those of us who had no work a chance to eat!”

“Now those international speculators want to crash our stock market and destroy our home. Mr. Kwan is calling on us to defend Hong Kong Island together, and I will definitely respond!”

"I bought 200 shares of New World Group today. It's not a lot of money, but it's my part! We Hong Kong Island people can't let outsiders bully us!"

The reporter's camera then turned to a young woman who appeared to be a recent graduate working as a white-collar worker.

The girl's eyes sparkled: "I was deeply moved by Mr. Kwan's speech this morning! He said that Hong Kong Island is our home and we need to protect it together! Today I used my two months' worth of savings to buy stocks."

“Although I don’t have much money, we are young people and we should stand up and stand with Mr. Kwan and all the people of Hong Kong to protect Hong Kong Island for our future!”

A street vendor, facing the reporter's camera, said, "In recent years, I've lost my job and my family has run out of food. It was Mr. Guan's company that promoted the street vendor economy, giving us a chance to survive!"

“Now that Hong Kong Island is being suppressed by speculators, Mr. Kwan is taking the lead in investing money and calling on us to support and protect Hong Kong Island. How can I stand by and do nothing?”

"Today I used all 3 yuan I saved this year to buy stocks. It's not a lot, but it's my way of showing my support! Protecting Hong Kong Island is not just empty talk; it's something we all have to do!"

The reporter interviewed a gentleman dressed in a suit and carrying a briefcase. He had just come out of the Hong Kong Stock Exchange and his face was solemn.

"I'm in the import and export business. Thanks to Mr. Guan's guarantee and guidance, I've partnered with mainland companies and made a lot of money! Mr. Guan is my benefactor. Today, I not only bought 5000 shares of Hang Seng Bank myself, but I also encouraged my company's employees to buy them together!"

“More than 20 people from our company have come to open accounts today! Defending Hong Kong Island is not only a personal matter, but also a corporate responsibility! We want to show those international speculators that the businesses and citizens of Hong Kong Island are of one mind. They want to seize the wealth accumulated by generations of Hong Kong people with their blood and sweat, but it won't be so easy for them!”

Reporters interviewed citizens one by one, and in each scene, they saw Hong Kong Island residents of different ages and professions...

“Dear viewers, we just interviewed five ordinary Hong Kong Island residents outside the Stock Exchange: an elderly woman who received help from Mr. Kwan and gave her retirement savings to repay his kindness; a renovation worker who came from the construction site and used his hard-earned money to support the market; a college graduate who just started working; a small vendor who benefited from the Five Star Group and was willing to do his part to protect Hong Kong Island; and an entrepreneur who mobilized his employees to join the fight and firmly believed that Hong Kong Island would take off.”

“They come from different places, do different jobs, and have different amounts of money, but their eyes are equally firm and their voices are equally loud.”

"Because they all know that what they are buying today is not stocks, but trust in Hong Kong Island; they are standing here today not for personal profit, but to protect our common home!"

"what is this?"

The passionate voices of ATV and TVB news anchors resonated throughout every household and the entire city of Hong Kong.

"It's because we are united in our efforts!"

"We'd rather break than bend!"

"It is—the spirit of Hong Kong!"

At this moment, the whole of Hong Kong is in a state of excitement.

In front of the television, Granny Chen from Yau Ma Tei pulled a yellowed savings book from the bottom of a cabinet—her retirement savings of ten years, which she had been afraid to touch for fear of losing. But now she suddenly stood up and shouted towards the kitchen:
"You old bastard! We're going to the brokerage right now!"

"Mr. Guan has done us a great favor. This time, we support Mr. Guan!"

"Furthermore, Hong Kong needs us!"

On the coffee table in the living room, the freshly cooked soup was still steaming, but no one bothered to drink it.

……

In the wet market of Sham Shui Po,

Uncle Li, who sells fish, also stopped what he was doing, took out his mobile phone from his waist, and called his wife: "Wife! Get HK$5 and hurry to the brokerage firm! Mr. Kwan has taken the lead in investing money. We must support Mr. Kwan and protect Hong Kong Island!"

The sound of pots and pans clattering came from the phone: "Okay! I'll be right there!"

……

Ah Ming, a shop assistant at an electrical appliance store in Mong Kok, after finishing the opening work, ripped off his apron, stuffed it into a drawer, and shouted at the boss:
"Brother Qiang! I'm taking the morning off! I'm going to buy Hong Kong stocks! Kwan Sang said we have to support Hong Kong!"

The boss took HK$5 out of the safe and slammed it on the table.

"I can't leave, but count me in! You buy me 5 worth of blue-chip and red-chip stocks, either one is fine!"

If it weren't for Mr. Guan, how could he have had the opportunity to go north? How could he have had the opportunity to make a fortune?
Now is the time to repay Mr. Kwan for protecting Hong Kong Island!
Perhaps decades from now, I can boast to my grandson about this time: Back then, international speculative capital came with hundreds of billions of dollars, trying to overthrow Hong Kong Island. Your grandfather, along with Mr. Kwan and all the citizens of Hong Kong, defended Hong Kong Island.

Recalling those glorious years brings me great comfort!

……

Throughout Hong Kong, countless eyes burned with anger, but also with hope.

Some people took out their bankbooks and left home, some picked up the phone to notify their families, and some hurriedly closed their shops and rushed to the stock exchange.

A financial defense battle for Hong Kong Island was officially launched, with the impassioned speech of Kwan Cho sounding the clarion call for a nationwide offensive.

Every resident of Hong Kong Island has become a warrior protecting their home.

With more and more citizens joining in,
The Hang Seng Index has been soaring.

11:20, 12300 points...

11:43, 12500 points...

At 12:00, the index reached 12643 points, a gain of 14.93%!

……

……

Across the Pacific Ocean,
new York,

23 PM
The Soros Fund Management building was brightly lit.

The top-floor conference room was brightly lit.

This time of year, when financial tycoons should be sound asleep or indulging in a life of luxury, has instead become a "battleground" of arguments and anxieties.

The conference room was filled with people sitting at both ends of a long mahogany conference table.

The air was thick with the aroma of coffee and cigar smoke, mixed with a sense of oppressive restlessness.

"Bang!!" "This is absolutely a conspiracy by the people of Hong Kong Island, it's a trap!"

Julian Robertson of Tiger Fund, his voice hoarse from staying up all night, and the redness in his eyes spreading like a spider web, clearly showed that he was disturbed by the surge in Hong Kong stocks.

"The people of Hong Kong Island, those despicable Orientals, definitely set a trap a long time ago and let us fall into it!"

The others were equally anxious and angry.
"They deliberately used the gimmick of 'defending our homeland' to incite citizens, which is completely contrary to market rules! It violates the spirit of freedom!"

"Withdraw! We must withdraw immediately! If we delay any longer, our short positions will suffer huge losses!"

"Why? That Guan Zu is just a businessman, why would he be willing to give his money to an ordinary person? Is he crazy?"

"And what about those people from Hong Kong Island? Have they gone mad? They actually dare to invest their entire fortune; aren't they afraid of going bankrupt?"

Every time there's an economic crash, a bunch of people jump off buildings on Wall Street.

As a result, the people on Hong Kong Island, seemingly unafraid of death, rushed in.

are you crazy!

"They're breaking the rules!"

"Using the promise of 'profits going to the public' to lure Hong Kong Island residents into buying stocks is illegal! We should file a complaint with the International Securities and Futures Commission and have them halt trading on Hong Kong Island!"

"Complain? What's the use of complaining now? The index has already risen by 14.93%, and with yesterday's gains, it's more than 25% away from our entry point! If we wait any longer, our 20+ short positions will only result in greater losses!"

"When we entered Thailand and the Philippines, everything went smoothly. Citizens in those countries either panicked and sold off their stocks or remained on the sidelines. Why is it completely different in Hong Kong?"

"Who exactly is this Guan Zu? Why does he make the entire Hong Kong population rush into the stock market like madmen with just a word from him?"

Soros's words drew the attention of many people present.

Yes,

The unexpected incident involved Guan Zu.

why?
Why do people on Hong Kong Island support him so much?

"Soros, didn't you do any research at all?"

Question Soros!
At the other end of the conference room, Soros, who had been silent all along, finally spoke slowly, his usually strategic eyes now filled with gloom.

“I have investigated him. Kwan Cho, chairman of Five Star Group and chairman of the Legislative Council of Hong Kong Island, previously built his reputation on Hong Kong Island as a philanthropist. No one expected him to have such a great influence in finance.”

He paused, a hint of frustration in his voice.
“There has never been anyone in the United States who could combine business influence, social prestige, and public cohesion into a single force, and even get citizens to use their retirement savings and scholarships to ‘defend the market.’”

"Therefore, I have always been wary of people like him."

"Someone like him is such a surprise!"

Have you ever seen this kind of person in America?

Everyone was silent.

I've never seen a person like that before.

What the hell? Are you crazy? Why would you give money to poor people?
What a waste of money!

They were used to wielding power in the global financial markets, but they never imagined that they would suffer such a huge setback on the small island of Hong Kong. They also never expected that a man named Kwan Cho would lead 600 million people of Hong Kong Island to teach them a lesson in "unity of purpose".

"Bang!"

“So what?” said another head of an American fund, loosening his tie. “We still have a chance! I don’t believe they can keep winning. Let’s wait and see. Once the public’s enthusiasm wanes, we’ll increase our short positions and definitely drive the index down!”

As soon as this word comes out,
The other funds immediately burst into a tirade of abuse.

I'll win your ass!

But as they were about to speak, they all felt a chill run down their spines.

wrong!

Damn, if everyone else retreats, won't it be even harder for me to retreat?
How do I withdraw from a short position in stock index futures?
Terminology: Closing out a position.

The procedure is as follows: Go to the stock market, buy stocks, and then use those stocks to offset the short position. (Opening a short position in stock futures is essentially a commitment to sell a certain number of stocks to a futures company at a predetermined price in the future. If they don't have the stocks to sell to the futures company, they need to buy the same number of stocks from the stock market to repay the futures company.)
So their biggest problem is that they have to compete with ordinary citizens for stocks, which will inevitably lead to a continuous rise in stock prices and a rapid increase in costs.

However... there's a problem: their short positions amount to hundreds of billions.

The difficulty of repurchasing so many shares, especially when competing with the entire population of Hong Kong, will be extremely high.

Is this cutting off flesh?
This is like chopping off hands and feet!
Therefore,
A dead Taoist friend is not a poor Taoist.

"Yes, we must persevere!"

"We can still win!"

"Tiger Fund will definitely dump Hong Kong stocks hard!"

"Our Quantum Foundation, we're at the forefront!"

"We must win this battle!"

"Yes, victory!"

One by one, fund managers and representatives of speculative capital spoke with firm voices and righteous indignation, as if they were about to charge forward!

The sounds in the conference room gradually became more organized.

At this moment, the IMF and Federal Reserve representatives in the room watched this scene with twitching lips.

Damn it, these people keep saying they'll stick with it, but I bet they'll turn around and run off to snatch the goods as soon as they see them.

Okay, okay~~~
They were all extremely loyal ministers!

Soros looked at the people in front of him who were shouting "perseverance" and "faith."
We already know what they're thinking.

Damn it, how are you guys supposed to bring down Hong Kong?!
Fine, if you're ruthless, then don't blame me for being unjust.

I'm leaving too!
Although withdrawing would be tantamount to admitting defeat and incurring heavy losses.

But if we don't withdraw, we'll suffer even greater losses.

Outside the window, New York's night view remains vibrant and dazzling, while inside the conference room, a group of people are scheming against each other.

quickly,

The meeting has adjourned.

After leaving the building, the heads of international speculative funds and investment funds all made calls to their Hong Kong counterparts, urging them to withdraw immediately!

……

International speculative capital began to wave US dollars around, first going to banks to exchange them for Hong Kong dollars.

The market opened at 13 p.m., and this large amount of capital quickly entered the stock market!
Copy, copy, copy!
Buy every single one of the constituent stocks!
Now, things are really getting heated!
The Hong Kong stock market is even more overheated!

...

The great exodus of international speculative capital has officially begun!

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P.S.: I updated too much yesterday, so I can't finish a second chapter today. This is all for now, sorry!
(End of this chapter)