Chapter 844: 835 Hong Kong: Feigning Weakness, Soros: I Can Do It Again
New York.
The Soros Fund Management building.
Sunlight shines over New York.
On the top floor, inside Soros's office, the bustling New York streetscape lies beyond the massive floor-to-ceiling windows.
Soros's gaze is fixed intently on the Hang Seng Index displayed on the screen before him.
The numbers on the screen clearly show: 17,130 points.
"Why is it so stable?"
A trace of imperceptible irritation stirs in his heart.
"My goal is to smash it below 14,000 points."
Yet the reality is that a week has passed, and the Hang Seng Index has hovered at a high level, falling only by a little over 300 points.
Why?
Soros frowns, his fingers tapping unconsciously against the desktop.
The markets of those Southeast Asian countries were like blades of grass; one could trample them into the mud with a single step.
He never expected Hong Kong to be such a tough nut to crack.
"Could it really be as Jones warned: those people in Hong Kong have great confidence in their city?"
Ring, ring, ring~~~
At this moment,
At this moment, the telephone on the desk suddenly rings.
Soros glances at the caller ID; it is Luo Boxun from Tiger Management.
He takes a deep breath and picks up the phone.
"George," Luo Boxun's voice comes through the line, sounding slightly dissatisfied, "It's been a week, and the Hang Seng Index in Hong Kong has only fallen this much. What exactly is going on? The money we've poured in is no small sum. If we keep dragging this out, we won't even be able to recoup our costs!"
Just as Soros is about to explain, the phone rings again; it is the dedicated line for the CEO of Gao Sheng Sachs.
He signals his assistant to pick it up, while saying to Luo Boxun, "Be patient, Julian. The situation in Hong Kong is more complex than anticipated, but I am confident..."
Before he can finish, another assistant hands him a different phone, whispering, "It's Morgan Stanley."
All three parties are calling.
Soros picks up, and the voice of the vice president of Morgan Stanley immediately comes through:
"George, our clients are all urging us. Everyone followed you to target Hong Kong, not to watch the index mark time. Why hasn't it fallen yet?"
As the leader who reaped the benefits, Soros naturally has to bear some of the responsibility.
After hanging up on Morgan Stanley, Luo Boxun from Tiger Management is still chattering away on the other end.
Soros grips the receiver and says calmly, "Julian, the market needs time to ferment. Once panic sets in, the decline will be rapid. Give me another week, and you will definitely see results."
Putting down the phone, the office falls quiet for a moment.
Soros's expression turns serious.
Now, he is riding a tiger and cannot get off.
If he fails, the reputation he worked so hard to build while targeting Southeast Asia will be completely gone.
Today, he commands the financial markets, and countless financiers treat him like a myth.
The Quantum Fund is expanding at a rapid pace.
Those American institutions—Gao Sheng Sachs, Morgan Stanley, Tiger Management... they are all watching.
If he fails to take down Hong Kong, how will they view him?
With mockery?
With skepticism?
Or will they seize the opportunity to kick him while he's down?
Soros's eyes gradually become resolute.
No, he absolutely cannot retreat.
He must persist!
Even if the current investment has already exceeded expectations, he must continue to increase the stakes.
He must smash the Hang Seng Index below 14,000 points to complete the first step.
Only success can preserve his reputation and keep those institutions watching from the sidelines convinced of his abilities.
He picks up the phone on his desk to issue new instructions to his team.
……
……
Hong Kong, Landmark, Soros Fund Management.
It is currently 21:00 at night,
and the lights are blazing.
Rodney Jones receives the call from Soros, and after hearing the instructions, his eyes sharpen, and he immediately summons his team.
"The boss just called!"
"He is very dissatisfied with our results!"
The entire team immediately turns solemn.
Rodney Jones scans the team members and says sternly, "The boss's meaning is clear: increase the stakes and smash the market with everything we've got!"
"It is now 21:00."
"We cannot intervene in the foreign exchange markets in the UK and New York right now..."
"Our battlefield is tomorrow during the day..."
"Everyone, work hard tonight and let's discuss the action plan for tomorrow!"
"Yes!"
The team members dare not slack off and immediately spring into action.
Formulating plans, preparing funds...
And contacting the media.
……
Early the next morning,
as soon as Rodney Jones wakes up, he receives good news from the United States.
In the foreign exchange markets in New York and the UK, the Hong Kong dollar exchange rate has plummeted.
Although it has not fallen below the safety line set by the Monetary Authority, the decline is still gratifying.
"Good news!"
Rodney Jones raises his arms, feeling excited.
This counts as a breakthrough piece of good news.
A good omen; perhaps today will be different!
He quickly finishes breakfast and arrives at the company, where the other members have already gathered, each of them wearing an excited expression.
At 9:00, the stock market opens.
Rodney Jones orders the market to be smashed, and a massive volume of sell orders floods the market.
At 10:00, watching the stock index slide continuously on the screen, the smiles on the team members' faces grow broader.
"It's falling, it's fallen quite a bit!"
"Great news!"
Their tones are full of joy.
"Although we can feel someone is defending the market and absorbing the stocks we're dumping, the overall trend is still downward."
"This shows that confidence in Hong Kong isn't all that strong after all."
End of Chapter
