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Chapter 517: All-Out Market Defense

~17 min read 3,272 words

The next day, as soon as the market opened.

The Hang Seng Index surged violently again; yesterday's rise of nearly seven hundred points had already made some people panic.

But seeing today's momentum, it seemed there was no intention of slowing down.

It even had a flavor of relentless pursuit.

This put many retail investors and small-to-medium securities firms at ease.

This time, even more people entered the market; even though Chen Jiajun did not show his face, Luo Minsheng was still operating in person at the Hong Kong Stock Exchange hall, attracting a crowd of gazes.

Many people ran over to ask Luo Minsheng if Chen Jiajun had obtained some inside information.

Regarding this, Luo Minsheng only smiled mysteriously and said nothing, leaving people to let their imaginations run wild.

……

What does the Special Administrative Region Government lack most right now? It is time! If the Special Administrative Region Government agreed to help Chen Jiajun pull up the stock index on that day, then Chen Jiajun and a group of Chinese Capital Merchants would help delay time.

Drag it out to the end-of-month Stock Index Futures settlement day, and then mobilize funds to continue the fight.

Chen Jiajun's plan worked; with the funds in his own hands, he leveraged the funds of many wealthy people in Hong Kong to enter the market.

It is not to say how much of an effect it had, but at least it was more than enough to delay time.

The international speculators were gnashing their teeth in hatred at this moment; no matter how they smashed the market, it had little effect.

It was as if they were directly locked in a stalemate with them.

The trap that Soros planned itself only had one way to be broken, and that was to meet it head-on with brute force.

Unfortunately, so many countries failed to do so, yet they hit a wall in Hong Kong. Soros and those international speculators were helpless and could only choose to close their positions one after another; this month's futures war had no outcome, which counted as a disguised admission of defeat.

However, a person like Soros generally does not easily let go once he has bitten onto prey.

Although they had admitted defeat this month, after closing their positions, they began to sell short the next month's contracts in large quantities.

The Special Administrative Region Government did not indulge him either; as he closed a portion of his positions, the Special Administrative Region Government side continued to chase and strike.

This made Soros and the international speculators so angry that they simply planned to deal a heavy blow to the Special Administrative Region Government.

And so, on the second day of the month's end, the international speculators led by Soros took action one after another, mobilizing their entire force to suppress the Hang Seng Index, determined to press down the upward trend.

Consequently, Chen Jiajun revealed his first trump card.

Support from the homeland had arrived.

The homeland had sufficient foreign exchange in its hands; no matter how many short orders Soros and the others created, they would take them all without fail.

It seemed as if both sides had lost their minds.

However, Chen Jiajun had confidence on his side, while Soros and the international speculators thought the Special Administrative Region Government was desperate.

They prepared to finish it in one go!

And so, Chen Jiajun revealed his second trump card.

This trump card was the Soviet Union side.

Soros and a group of international speculators had long been eyeing the Soviet Union, and even held heavy positions there.

They were prepared to wait until the highest point before offloading to make a huge profit.

But since Chen Jiajun had long known the tactics of Soros and these international speculators, how could he give up such a good opportunity? He had laid out measures in the Soviet Union early on and then detonated the Soviet Union's problems in advance.

In this way, the large amount of funds that Soros and the others had invested in the Soviet Union were trapped on the spot.

And were the Soviets the kind of people to be trifled with? The answer is no!

……

Time reached the end of the month, and Soros and the international speculators launched a general offensive.

This time, the homeland came forward directly to make a statement: as long as Hong Kong needed it, the homeland would provide unconditional support.

The homeland's intervention gave Hong Kong a shot in the arm.

That day, Chen Jiajun came to the Hong Kong Stock Exchange again to watch over it in person.

The market opened soon, but the index did not change at all.

However, by ten o'clock, both sides began to frantically sell and buy. For every bit Soros sold, the Special Administrative Region Government bought it up, which had a bit of a "bayonets drawn" feel to it.

As of the market close that day, the Hang Seng Index closed at 7892 points, the futures index at 7851, and the daily Hong Kong stock trading volume reached a staggering 80 billion, dozens of times the usual amount.

With this, the struggle ended with a comprehensive victory for Hong Kong.

Because Soros and the international financial speculators could no longer hold up; almost at the same time, news came from the Soviet Union that the Soviet Union had adjusted its Floating Exchange Rate again, and at the same time announced the postponement of Foreign Debt repayment and the suspension of National Debt trading.

To put it simply, the Soviets intended to renege on their debts.

Once this matter came out, Soros and the international speculators could be said to be both shocked and furious.

They couldn't care about fighting to the death with the Special Administrative Region Government anymore and immediately mobilized funds to go to the Soviet Union to save the situation.

Once all the international speculators retreated, Chen Jiajun and the group of Chinese Capital Merchants were directly pushed onto a pedestal.

After all, the move by Chen Jiajun and his party to come forward to save the market at the most dangerous time left too deep an impression on the citizens of Hong Kong.

Various newspapers and television stations were reviewing everything that had happened.

……

At the Chinese Capital Merchants Club, Chen Jiajun did not know that he had already become the "top influencer" of Hong Kong today.

He was drinking with a group of Chinese Capital Merchants.

He was the youngest, so he had to help a few old guys block drinks to avoid being drunk to death by others.

He could only grit his teeth with red eyes and push through.

And then... there was no then! Everyone was very happy today; after all, Chen Jiajun had led everyone to make a huge profit, so there were people offering toasts everywhere.

Even if Chen Jiajun were possessed by the God of Wine, he was no match for so many people.

Before long, he was drunk to the ground and could only let Dumu carry him home.

"Damn it, stop pouring it into my mouth! I can't drink any more!"

When he returned home, Chen Jiajun was still performing drunken boxing.

Guan Jiahui felt both annoyed and amused; she set the hangover soup aside and covered Chen Jiajun with a quilt.

Before long, Chen Jiajun's snoring began to sound.

During this period, he had barely slept well in a bed; Guan Jiahui felt a pang of heartache as she tucked the quilt in for Chen Jiajun, then walked out of the room.

……

This financial war ended with the total defeat of Soros.

Apart from the Special Administrative Region Government, the Chinese Capital Merchants and others who were the first to stand up and support the Special Administrative Region Government reaped countless benefits in this war.

This was not just about money, but also a matter of having a say.

It was not easy for Chinese Capital Merchants; previously, earning money under the Gweilo of England could be described as extremely difficult.

Even so, they still did not let Hong Kong become an economic colony of England; this was all fought for with their lives.

In this incident, Chen Jiajun took the lead and jumped out to support the Special Administrative Region Government.

Making money was certain, and it was deserved.

And reputation was equally important.

This allowed the entire Chinese Chamber of Commerce to make a big name for itself in the Hong Kong business world once again, and they obtained a great deal of say.

Not only could they consolidate their own status, but they could also squeeze the living space of those foreign capitals.

After the great battle, the Big Bosses had made money, so naturally, they needed to reward merit.

People from the Landlord Association like Luo Minsheng went without saying; after hitching a ride with Chen Jiajun, they made a killing in the stock market.

Everyone made a profit of at least tens of millions in this financial war.

As for those employees who had been busy for several months, Chen Jiajun did not treat them poorly either.

He waved his hand directly and spent his own money at the Guojun real estate company to gift each of these employees a thousand-square-foot "luxury home."

This time, Soros invaded Hong Kong, intending to take action against every aspect of Hong Kong.

But unfortunately, it all went down the drain.

Especially the real estate industry; it was not as depressed as people had imagined before, and it even rose steadily.

With these thousand-square-foot "luxury homes" given away, no one could say that Chen Jiajun's gesture was not grand.

Once the news came out, the employees inside the company were naturally cheering and jumping for joy, while people outside watched and drooled. Even if they didn't live in these "luxury homes" themselves, selling them would be a huge sum of money!

Because of this matter, Chen Jiajun even made the newspapers once again and was rated as the most generous Boss in all of Hong Kong.

This resulted in the number of applicants during the annual interview season for Guojun Group skyrocketing; it was no longer at the bottom level of picking one out of dozens or hundreds, but reached the absurd level of picking one out of tens of thousands.

One must know that at this time, Hong Kong only had a population of a few million.

As for Chen Jiajun himself, he became increasingly reclusive.

Except for showing his face when necessary, he had stayed at home during this time.

Dealing with the financial crisis and the matters in Brunei had already made him somewhat exhausted.

So he simply cast aside all the matters in his hands and spent his days accompanying his women.

Anyway, as for the company, the two lads Su Xingbai and Menggui Tian had been cultivated and were quite useful, while in Brunei, Li Yaohua was still haggling with Suharto; it was estimated that it wouldn't stop for a year or a year and a half.

Having dropped the matters in his hands, Chen Jiajun spent his days eating, drinking, and having fun with his women. He drove his yacht and zipped around everywhere.

When interested, he took his women on a trip to Macau for shopping and playing.

Nowadays, Macau's tourism industry was also very developed; although it could not yet compare to the gambling industry, it was still a path.

When the women all went out shopping, Chen Jiajun came to He Xin's home.

"I heard you made a big splash in Hong Kong again? And even chased away that old crocodile Soros?"

He Xin smiled and said to Chen Jiajun: "No wonder Anan insisted on waiting for you to take over his shift!"

Chen Jiajun smiled and said: "I just had good luck!"

"How much did you earn?" He Xin asked curiously.

As the Gambling King, He Xin rarely participated in various investment-type matters; he only needed to guard his own small patch of land to have a steady stream of funds coming in, so he wouldn't waste that kind of effort.

He had only heard of Chen Jiajun's ability to accumulate wealth and asked out of curiosity.

Chen Jiajun smiled and said: "Not much, just tens of billions!"

"Tens of billions? Hong Kong Dollars or US Dollars?" He Xin widened his eyes and gasped.

"Of course it's US Dollars!" Chen Jiajun said with a smile: "With the Gweilo of the United States, what would I use if not US Dollars?"

He Xin was instantly speechless.

It was no wonder Chen Jiajun could reach his current level and sit on equal footing with him; it was not without reason.

"By the way, Xin Ge, I happen to have some money on hand; how about I try to develop the tourism industry in Macau?" Chen Jiajun said to He Xin: "I think that besides gambling, tourism is also a good business!"

Just like Las Vegas; although it is a gambling city like Macau, the tourism and service industry in Las Vegas is much more powerful than Macau's.

He Xin could also feel that there had been more and more tourists in Macau recently.

And more tourists were also a good thing for the casinos.

So He Xin smiled and asked: "How do you plan to do it? You have to come up with a plan, right?"

Chen Jiajun smiled and said: "No rush for this; let's wait until Macau returns home first! Then we can sit down and talk about it together."

"That is only right!" He Xin nodded, sighed, and said: "Macau hasn't been very peaceful lately either! These guys below are messing around everywhere!"

Regarding He Xin's worries, Chen Jiajun did not care much: "Anyway, the Guojun Security Company is right here; can they really turn the world upside down?"

He Xin thought about it and also felt it was quite funny.

Chen Jiajun, this big tiger, had set up his most elite Guojun Security Company in Macau.

Even if the people below fought until they were exhausted, it would be useless.

With just one order from Chen Jiajun, he could make them die without a burial place.

He Xin had seen the strength of Guojun Security Company with his own eyes; when dealing with street thugs, their existence was simply overwhelming.

It was precisely because of this reason that He Xin was extremely wary of Chen Jiajun.

However, for so many years, Chen Jiajun had always acted very quietly and had no intention of doing anything here in Macau.

Even Guojun Security Company only cooperated with the Macau government to maintain public order and handled things like dispatching bodyguards for the wealthy.

He Xin nodded: "Alright, then let's talk about it after we get home! Are you staying for dinner today?"

"No!" Chen Jiajun smiled, stood up, and took his leave.

In the past, He Xin would not have said such things, but recently, things had become much more distant.

Chen Jiajun could perceive the thoughts of this old fellow He Xin, he just didn't go to expose them.

Anyway, the utility value of Macau was already about used up, so it wouldn't matter much even if he threw away his shares in Aomen Entertainment.

Compared to Brunei, Macau was still not as convenient.

After leaving He Xin's mansion, he went to meet up with his women.

Having played outside for a day, the women were in high spirits, watching television while wearing facial masks.

"Hey, Brother Jun, the Hong Kong government has set up a Care Fund!" Huang Bi'an pointed at the content on the television and said to Chen Jiajun.

Chen Jiajun took a glance and said with a smile: "In this battle, Hong Kong won quite a bit of money; it is indeed time to come out and distribute some benefits."

"So you mean it's a project to benefit the people?" As He Xin's granddaughter, He Tian'er still had some understanding of this aspect.

After all, she came from a wealthy family, which was completely different from Guan Jiahui and Huang Bi'an.

Chen Jiajun glanced at her and said: "That should be the routine, but I don't know whose hands it will fall into."

"Aren't we going to compete for it?" He Tian'er asked curiously.

Chen Jiajun shook his head and said: "There is no need for that. Our Hongxing Charity cooperates with the Tung Wah Group of Hospitals and the Po Leung Kuk every year. I have already been in the spotlight enough recently, so let's not steal this spotlight anymore."

Thinking of the exaggerated reports about Chen Jiajun in the newspapers, the three women immediately burst into laughter.

Chen Jiajun had a dark look on his face; he hung his coat on the rack, loosened his tie, walked toward the women, and said through gritted teeth: "I think you all need to be disciplined!"

"Oh, don't touch me, you big pervert!"

After resting in Macau for a period of time, Chen Jiajun returned to Hong Kong.

After all, he still had quite a few things to handle, and even slacking off needs to have a limit.

Experiencing the power of Chen Jiajun as a hands-off boss for the first time, Su Xingbai was almost crying from working overtime all day.

He didn't even have time to spend with his girlfriend.

When Chen Jiajun came to work again after a week, Su Xingbai let out a long sigh of relief.

He placed the mountain of documents on Chen Jiajun's desk.

Looking at Su Xingbai, who had dark circles under his eyes, Chen Jiajun found it quite funny and gave the guy two days off, but just as Su Xingbai left, Ilsa the Secretary walked in: "Boss, this is your schedule."

Chen Jiajun took a look and felt a headache coming on: "Why are there so many things that require me to show up? No! Push everything that can be pushed for me!"

Ilsa could only say helplessly: "But you can't avoid the cocktail party hosted by the government this afternoon."

"Got it, remember to remind me tomorrow!" Chen Jiajun waved his hand and said.

Ilsa nodded and then returned to her workstation.

In the afternoon, Chen Jiajun put down his work, stood up, and prepared to attend the banquet.

Although he had avoided quite a few banquets, some things were ultimately unavoidable.

Arriving at the banquet scene at the Peninsula Hotel, Chen Jiajun was surrounded as soon as he walked through the door.

All kinds of merchants wanted to run up to him to get familiar.

"Excuse me for a moment!"

Chen Jiajun could only smile and deal with them one by one, then he saw a member of the Chinese Chamber of Commerce and immediately walked over.

"A Jun, you are the focus of the whole room as soon as you walk in!" The Boss of the Chinese Chamber of Commerce said jokingly.

Chen Jiajun said speechlessly: "I already said I'm not really suited for this kind of occasion! Why didn't Nan Ge come?"

At Chen Jiajun's current status, he indeed didn't need to cultivate connections, because connections were all coming to cultivate him.

"Nan Ge said that having you as a representative is enough, and they old guys won't come out to embarrass themselves!" The Chinese Capital Merchant said with a chuckle.

Chen Jiajun said irritably: "They just want to be lazy!"

Just as they were talking, Chen Jiajun suddenly felt that a few people had been staring at him for a long time.

◈

End of Chapter

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