Siheyuan (courtyard house): My name is Shazhu!
Chapter 517 Winning the financial war is easy!
On the morning of the 25th, He Yuzhu’s exclusive car with license plate number 1, “Heilong 8”, drove onto the Gangcheng Highway. Everyone who saw it knew that their “King” had returned!
The final battle has officially begun!
Almost everywhere in the port city, people were watching the stock and currency markets. Even dim sum restaurants without televisions were deserted, as everyone was glued to their screens to find out the latest results.
At the opening of the foreign exchange and stock markets, there was no probing between the two sides; they went straight into a real-money battle without any unnecessary chatter!
The ferocity of the battle was so great that the trading volume alone made countless people dizzy. In just three days, from the 25th to the 27th, the total trading volume of the stock market reached a terrifying 6123 billion.
The average daily trading volume exceeded 2000 billion, directly boosting the previous trading volume of Niu Niu tenfold.
The major stock indices closed above the 8000-point mark at 4 p.m. on the 27th, with the Hang Seng Index closing at 8022 points.
This figure was deliberately left out by Dongda Group; there are still less than 30 billion yuan worth of stocks that overseas funds can fight with.
They had run out of Hong Kong dollars as ammunition in the foreign exchange market, and He Yuzhu had also scanned other foreign banks, who also did not have much Hong Kong dollars.
The total is only nine billion, which is not enough. Tomorrow is the settlement date. Let them live one more day and give up completely!
"Gentlemen, we have been careless this time and may suffer a crushing defeat. We only have 30 billion worth of stocks at our disposal. Tomorrow, we can only fight to the death. Let fate decide the outcome."
Let's make arrangements for our family first. We have no way out; we'll have to bear the anger we deserve.
Soros was frustrated, but powerless! It was then that he understood what a true world's richest man was—completely different from an ordinary billionaire.
It's just one company, yet it beat these funds so badly they couldn't fight back much, even though it has more money than an entire country!
Seeing the five massive orders totaling hundreds of billions of US dollars locked in the foreign exchange market, I felt utterly hopeless!
Is this the legendary "financial chain" of the Middle Eastern conglomerates? It's more than a country's foreign exchange reserves!
The betting agreement for 180 billion US dollars was so powerful that no one dared to refuse; Dongda Group's martial virtue was too strong.
He lowered his proud head, now believing it wasn't just a rumor, but the truth. But it was too late! Arrogance and prejudice are deadly!
"Let's give it our all tomorrow, then we'll go back and make arrangements for our families."
"Isn't there any other way?"
"No, there are no Hong Kong dollars left in the market, and no stocks to lend. They're all in the hands of retail investors and Dongda Group; we can't get them."
"Hahaha, so what if we lost? This battle is still a glorious one for us. It's not shameful that we didn't beat the 'world's richest man'. We'll fight again if we have the chance!"
"We may not have a chance!"
"well."
"Give it your all tomorrow, even if it means dying, stand tall and fire your last bullet!"
"This is the only way!"
He Yuzhu heard the miserable state of these fund managers through his 'divine senses' and just pursed his lips.
Half of these people's lives were bought by some big banks this afternoon (or tonight in the US), and they will become the banks' 'dogs' from now on.
People like Soros still have value; how could we let them die so easily!
Everyone present understood this point: life and death depend solely on whether you still have value.
Little Suozi, that's good. I hope we'll have another chance to face off next time!
On August 28th, the closing day and also the day of the decisive battle, almost everyone in the port city who could put down their work sat in front of the TV or computer to watch this "battle of the century".
The anticipated fierce battle did not materialize at all; the massive sell-off of 30 billion yuan in stocks failed to make a ripple. At the midday break, the Hang Seng Index stood at 8100 points.
Dongda Group's victory is a foregone conclusion!
He Yuzhu scanned the funds and found that Soros and his fund managers had no more ammunition left, making a comeback impossible!
Dongda Group achieved a complete victory!
He Yuzhu didn't reveal this news, not wanting anyone to relax at the last moment. To win, you have to win from beginning to end!
At 4 p.m., the Hong Kong stock market closed, and the Hang Seng Index stood out prominently on the big screen at 8100 points, telling all the final closing indexes.
"We have won the battle to defend our financial system!"
Countless people were shouting and cheering; they knew very well what this meant.
Hong Kong is not a cash machine for these foreign funds to come and go as they please; it is very safe to trade stocks here.
The problem isn't that external funds are acting recklessly, but rather that one's own greed has led to large fluctuations.
Investing in the stock and foreign exchange markets is already very safe, so investing in other industries in Hong Kong should also be very safe!
With the combined forces of three martial arts factions, they are invincible!
The funds alone demonstrate the immense financial resources of the Dongda Group, coupled with the fact that the two local governments haven't even used a single penny!
How much money do they have in total?
This number is probably only something the little eagles can try; the funds in the foreign exchange and stock markets are limited, so their arrival wouldn't make a difference.
Some large corporations are indeed tempted. What they need most is a safe place to invest, as well as a place where their funds can move freely in and out, and a place governed by unified international common law!
Everything is available in this port city; it's impossible not to be tempted!
After a brief celebration following the market's close at 4 p.m., He Yuzhu and others left Dongda Bank to attend a press conference.
"Let me briefly explain here, without any further questions from the reporters. First of all, we have won this 'financial war,' and the Hong Kong government will handle the subsequent economic damage properly."
They have made various preparations, and Dongda Group will also participate if needed to build a better tomorrow for the port city.
In this financial war, our Dongda Group, in order to teach these funds a lesson, made a bet with them.
The total amount of the betting agreement is 180 billion US dollars. This money will be received within a month. We will give out at least 100 billion US dollars as a relief bonus for all employees in both locations!
Thank you all for coming! For those who haven't eaten yet, the Dongda Bank cafeteria is offering a free dinner. Thank you again!
"Damn, another cash reward? I've never heard of a 'soothing reward' before."
"Haha, if Sir He says it's there, it's there! He always gives out his share of the money. I love it here!"
"You just love money. Sigh, why didn't I insist on joining the Dongda Group newspaper back then? I regret it so much!"
"You're regretting not getting the bonus; your heart is crooked, I'm ashamed to be associated with you!"
"Holy shit."
"They dared to engage in betting before the market was even propped up; they completely disregarded those funds. Those funds have demonstrated considerable strength, possessing hundreds of billions of US dollars!"
"So what? They're no match for Dongda Group. Before the foreign exchange market closed, Dongda Group had hundreds of billions of US dollars in orders locking up sell orders in the foreign exchange market."
In the stock market, each of the 40 Hang Seng Index stocks (including Malaysian stocks) has tens of billions of Hong Kong dollars in buy orders; this truly reflects the strength of the Dongda Group.
"I think Dongda Group has about 300 billion US dollars in its 'cash reserves' in Hong Kong."
"I don't know the specifics, I'm so envious of them getting another paycheck!"
"idiot!"
"That's how it is. The promised fierce battle on settlement day was over in less than an hour this morning. Then Dongda Group placed a huge buy order and went home to sleep. What about the counterattack?"
"Grandpa, you're old and don't understand these things. It's like fighting a war; it's a contest of how many bullets each side has. Whoever runs out of bullets loses!"
"That simple?"
"It's not difficult, but you need to have the ability, right? Dongda Group is really awesome; they have money and dare to pay their workers!"
"Hmph, he's far better than you. Comrade He Yuzhu's greatest achievement isn't how much money he's received, but his immense contributions to protecting the port city and the country over the past fifty years!"
Behave yourself during this time. If you reach out and do anything reckless, you'll get chopped off, and you'll have nowhere to cry!
"I've heard a bit about it, is it really that serious!"
"They were incredibly audacious, even daring to steal disaster relief supplies. Comrade He Yuzhu was furious, but he showed them mercy."
"It's actually true!"
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