Siheyuan (courtyard house): My name is Shazhu!

Chapter 516 The real battle has only just begun!

In the stock market, fund managers like Soros are overthinking things. Dongda Group has the same idea as them: to restore investors' panic through a big surge.

Although Dongda Group doesn't care about selling pressure and has enough funds to push the stock index above 10,000 points, it doesn't want to do so.

The fear among citizens is unacceptable; it will spread from the stock market to other places and will not benefit the local economy in any way.

It will also cause a large number of people who are panicked to flee the port city. These people are mostly from middle-class or higher families, which will not be good for the future development.

Because Soros encountered the toughest challenge in history at the opening of the stock market, the index rose to 7600 points in three days. This was an order issued by Zhao Youcai based on big data!

With strong financial backing, fund managers like Soros made their move at 4 p.m. on August 5th when the stock market closed.

Everyone clearly saw that the Hang Seng Index was at 7601 points, and the index rose by 501 points in three trading days. They started to get restless!

"Ladies and gentlemen, it seems we were careless. We didn't expect Dongda Group to have so much money. In just three days, they spent HK$1900 billion in the foreign exchange and stock markets."

What should we do next? Should we continue dumping shares, or...? Soros is getting scared. He's used up half his ammunition in three days. What if...?

"What are you afraid of? We have enough funds to buy HK$8000 billion in ammunition. They've already used HK$1900 billion. How much do we have left to support them?"

"We don't have 8000 billion in ammunition; we only have 1860 billion left, and a large portion of that money is going to be used to buy more ammunition."

Furthermore, the Hong Kong government and the mainland still have 200 billion US dollars in foreign exchange reserves that they haven't used. If they step in to help the Dongda Group at this time, then...?

"Have you thought about what would happen if we withdrew now, but the betting agreement takes effect on the settlement date of the 28th?"

We have no way out but to fight this battle; nothing else matters.

"That's right. Now that we've accepted the betting agreement, there's no turning back. Let's buy ammunition. We absolutely cannot lose this battle."

The stock index must not be pushed down to 6500 points, and it absolutely must not be allowed to return to above 8000 points, otherwise we will only be able to practice free fall!

They won't help from the north; the disaster there is severe, with major areas suffering from severe flooding, and they've already deployed troops. The port city is a 'free port.'

"Let's give it our all! Let's conserve our strength for a few days before deciding the winner!"

"There are still seventeen trading days left. We don't need to panic; five trading days are plenty of time to buy Hong Kong dollars and the stocks we need!"

"good."

The Hong Kong stock and currency markets remained eerily calm amidst the massive turmoil, as if nothing had happened.

For three consecutive days, the stock market's trading volume has been less than 100 million, marking the lowest trading volume since the beginning of the 1990s.

Everyone is watching and waiting for the stock market to show who is superior. This is the last calm before the big battle, and some people are already thinking about how brutal the upcoming battle will be!

The Dongda Group quelled the fears of its shareholders because its prestige in the port city over the past forty years made the vast majority of people here willing to believe that they would definitely win.

The port city is basically calm, awaiting the arrival of a major battle!

"Dongda Group has won the first wave, but who knows when the next wave will arrive? We still announced our full support for Gangcheng on the morning of the 24th. This battle is fierce."

Is this what financial warfare is? Nearly HK$400 billion was clashed in three days. We should learn from this; we're still quite unfamiliar with financial warfare.

"We are learning from them. At the six counterattack centers in the port city, more than 800 financial personnel are on-site to observe how Dongda Group will launch its counterattack."

"Our foreign exchange management agency must also be prepared. We must step in to fill the funding gap at Dongda Group; this time, we can only succeed, we cannot afford to fail."

"There shouldn't be any need for funds. Dongda Group is very well prepared. Last year, it started printing HK$7750 billion worth of US dollars, which is to prevent the sharp depreciation of the Hong Kong dollar from affecting interbank lending rates!"

For the first time, 76 billion Malaysian Ringgit were withdrawn from our territory and brought back to Hong Kong, along with 130 billion Malaysian Ringgit.

They already have over 500 billion US dollars and 1.1 trillion Hong Kong dollars, enough to buy all stocks at 8000 points, plus at least 200 billion US dollars in foreign exchange.

"Haha, the more funds the better. I didn't expect Dongda Group's financial resources to be so terrifying; they have more than three times ours."

"This is the first time in twenty years that they have withdrawn funds back to Hong Kong. They are very well prepared, and they want to be absolutely sure of everything. They don't want to leave any way out for these funds."

These foundations are experiencing the consequences of the world's richest man's anger.

"How much disaster relief supplies has Dongda Group delivered? Report any shortages immediately. Also, address the food needs of the various disaster relief units; we cannot let these comrades suffer."

"There is still a shortage of temporary accommodations and tents, but not too many. It's still possible to squeeze in and live there now."

The troops have no problem with food; Dongda Group has been continuously delivering various supplies, including rice, flour, meat, and canned goods. A little less vegetables wouldn't be a problem.

"We can have plenty of supplies upfront, but we can't have too few. We need to do our best to provide logistical support from the rear. Things will get better in a month."

"Once we get better, the first thing we need to do is clean up those bastards. They're capable of anything!"

Yes, it will!

The calm was shattered when the stock and foreign exchange markets opened on August 24.

Dongda Group and the foreign fund immediately engaged in a head-on battle, without exchanging a single word. Both sides were ready to fight to the death from the start!

At this moment, all eyes in the world turned to the port city, which seemed to have become the center of the world.

Westerners never imagined that Soros and his group would fail. No one could withstand the attack of these funds; they were just ATMs!

The closing result surprised everyone; the currency market was completely locked down by huge buy orders, with no change in price!

The most terrifying stock market saw a trading volume of HK$1387 billion, with daily turnover exceeding HK$100 billion.

Dongda Group not only held the opening index at 7591 points, but also helped the index reach 7782 points, an increase of 190 points, which can be considered a great victory.

At the same time, at 10 a.m., official spokespersons from both the Northern and Hong Kong governments clearly stated that they fully and unconditionally support Dongda Group in its fight against overseas funds.

The port city does not want any robbers to come in; it will only provide a safe business environment for normal investors.

"Tomorrow we will intensify our efforts. We still have 510 billion in ammunition on hand, no need to redistribute it, we will use it all in the next four days."

At 5 p.m. on the 24th, a private plane landed at the new airport, and He Yuzhu returned to Hong Kong.

His return was intended to make the Dongda Group operate more harmoniously during the defense battle, but some people were also worried and asked him to come back.

"Yuzhu, you're back. There are still four days left. These overseas funds have gone crazy this time. They don't trust you to come back and oversee things. How's the flood situation?"

"They were just a little worried, or perhaps they hadn't experienced it before. The flood situation is basically stable, and we have enough supplies. My usefulness there is greater than coming back."

"Today, the stock market turnover alone exceeded 100 billion, and the foreign exchange market turnover exceeded 80 billion. These funds think that this amount of money is enough? What are they thinking?"

"They have no choice but to fight us to the death. These are not the main issues, and the odds of victory or defeat are not too high. We have locked them in with a betting agreement of 180 billion US dollars."

They have no way out; now they can only fight with everything they have, hoping their bicycles will turn into cars. If they dare to come, they will die.

"A betting agreement worth 180 billion US dollars, and they actually dared to accept it? Do they even have that much money?"

"They don't have any, but they have guarantors. As long as they have the funds, they can try not to pay! I was planning to give my employees victory bonuses!"

"Over one trillion Hong Kong dollars, that's a lot!"

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