Reborn as a Noble's Son-Chapter 461 - 431 Final Battle_1
Chapter 461: Chapter 431 Final Battle_1
In the afternoon, as the market opened, Nie Zhenbang immediately sensed the heavy atmosphere. In the stock market, a lot of sell-offs mysteriously appeared, but the transaction volume was not very high. Stock prices repeatedly surged, fell back, decreased, and then rose again.
This was the calm before the storm. Seeing the relaxed expressions of the traders beside him, Nie Zhenbang beckoned and said, “Yun Fan, Huo Gang, come here.”
The two men, seeing Nie Zhenbang’s serious expression, came over somewhat puzzled. Zhang Yunfan asked, “Leader, have you found something new?”
Nie Zhenbang pointed at the trend chart and said, “Yun Fan, Huo Gang, look at the sell orders, fills the fifth price point with many open shorts. Now, the transaction volume is so sluggish. Huo Gang, do you think this is the calm before the storm? According to the nature of speculators, they shouldn’t just stop now. Based on our estimates, they should have the ability to suppress the Hang Seng Index below 6500. Previously, with our help, the Hang Seng Index only reached around 6600. Is that it? Very unlikely.”
Huo Gang looked serious, opened the K-line chart and said after taking a look, “I’m afraid the next wave of suppression is about to begin. They’re strategically planning to suppress the market at the end of the session, then seize the momentum and directly suppress it when the market opens tomorrow. They want us to fail miserably.”
London’s Hong Kong stocks only affect some blue-chip stocks, if the trick is used once, it won’t be surprising anymore. To further use London’s Hong Kong stocks will not be too useful.
Nie Zhenbang hesitated for a moment, then asked, “Yun Fan, how much capital do we have on hand now?”
As for this question, Zhang Yunfan didn’t need any calculations at all. The entire control of funds was in his mind, he immediately answered, “Previously, we made nearly 900 billion USD from shorting the stock index. Then, we compensated these blue-chip companies, costing nearly 400 billion. After today’s market stabilization, only 200 billion is left, plus the 300 billion USD from the state. We don’t have much available funds now. We need to reserve some funds as a reserve for the foreign exchange market. Now, we can only use at most 150 billion.”
Resources are scarce when they are needed. Nie Zhenbang realised, knowledge in books, and into his hands, even money, can be seem scarce. Thousands of billions of assets, equivalent to more than half of the United States’ GDP, are still inadequate. This is bewildering. It seems that his own funds will inevitably be used.
Immediately, Nie Zhenbang said solemnly, “I’m afraid this is still not enough. On the stock market, my principle is to take as much as there is. Take it freely, boldly, without any hesitation. As for the funds in the foreign exchange market. I’ll figure out a way to move 500 billion USD from Tenglong Holdings, which should be sufficient.”
Nie Zhenbang’s statement shocked the two of them. Both were well-known scholars and experts in the field domestically, and claimed to have a comprehensive understanding of the economy. Yet, they both were unsure about what company Tenglong Holdings was.
Zhang Yunfan spoke up, “Leader, may I ask, is this Tenglong Holdings reliable? Can a company take out this much of capital?”
Zhang Yunfan couldn’t help but doubt. After all, the world’s richest man, Mr. Gates, didn’t have that much cash. The total market value of Microsoft is probably only around 300 billion USD, how is this possible?
Nie Zhenbang knew very well that if he didn’t disclose a bit of information to them at this point, they absolutely wouldn’t believe him. They’d definitely think that he was lying. He nodded and said, “Tenglong Holdings, it’s normal that you guys don’t know about it. Strictly speaking, it’s not a company, there is no registration, it should be considered an organization. However, speaking of the industries under Tenglong Holdings, you should be quite familiar. Wal-Mart Group and National beauty group are both industries under Tenglong Holdings.”
Upon hearing this, they both gasped. If this is true, Tenglong Holdings could be compared to the legendary Rothschild family.
However, at this time, they no longer doubted anything. The stock market maintained a lukewarm pattern. When it was two o’clock in the afternoon, suddenly, there were continual sell-offs on hundreds of stocks, with no exceptions. These sell orders had one common feature; each one reached the maximum transaction volume for stock trading. The prices began to drop sharply with the continuous appearance of these sell orders.
At the same time, a securities trader stood up at this moment, and said seriously, “Leader, speculators can’t stand it anymore, they’ve started in the foreign exchange market.”
Hearing this news, Nie Zhenbang slapped his hand on the table, and shouted, “Good! The speculators no longer have chips. This is a sign of their final struggle. Using the shock in the foreign exchange market to completely destroy the currency system of Donggang, the goal is simple and direct. To destroy Donggang’s currency. By then, Donggang will become the fish on their chopping board, subject to their slaughter. Give my order, sweep on the stock market fully, the index must reach above 7050 before the close. Also, notify the Donggang Special Administrative Government, they must intervene in the market, repurchase the Hong Kong dollar fully. Be sure to stabilize the exchange rate of the Hong Kong dollar against the US dollar in the range of 7.5 to 1.”
On Soros’ side, at this moment, Soros also clearly knew that the final battle had come. From the release of the Hong Kong dollar reserve, there is no turning back once started, it can only be a fierce battle to the end.
At that moment, Clerk walked in, quite elated, “BOSS, the Donggang Special Administrative Government has made a move. They are using their foreign exchange reserves to fully repurchase the Hong Kong Dollar, they are trying to maintain the stability of the foreign exchange market.”
Soros snorted disdainfully, and spoke in a deep voice, “To maintain it is simply impossible. They can’t buy back all tens of trillions of Hong Kong Dollars, the Donggang government shouldn’t be able to afford 100 billion US Dollars.”
Ten minutes passed. Not only did the stock index not fall, it even slightly increased. The situation in the foreign exchange market was extremely stable. This made Soros somewhat uncomfortable. Perhaps, targeting Donggang was a mistake. Donggang’s refined financial system and its strong financial assets had far exceeded his expectations. It was a tough nut to crack, unlike the easy targets like Thailand and Indonesia.
Twenty minutes…
Half an hour had passed. At this moment, the Hang Seng Index in Donggang had reached 6900 points, it had increased further compared to the afternoon opening. Not a small amount, after nearly forty minutes of competition, not many chips were left in the hands of the market operators. On the foreign exchange market side, it remained as stable as ever.
Soros looked grim. If the battle could not be resolved today, things would get complicated. Then, Soros said in a deep voice, “Clerk, call the people in the alliance. The total attack has begun, all the chips in hand, fully released, for the foreign exchange market, double the intensity, before the market closes, the stock index and exchange rate must be suppressed, otherwise, it will be difficult tomorrow.”
Clerk nodded and said, “BOSS, understood, the strength of the Donggang Government will definitely collapse, as long as the foreign exchange market crashes, the stock index will be meaningless. I will arrange it immediately.”
With Soros’s command down, the final madness began. The operation hall and all the securities companies started to get busy. Now, the entire securities industry in Donggang was serving Nie Zhenbang, as huge amounts of funds were distributed, it immediately absorbed the selling pressure, and the stock index was slowly rising. Seeing this, Nie Zhenbang had a smile on his face. In a deep voice, he said, “Yun Fan, how about the buying desire of retail investors?”
Zhang Yunfan immediately reported, “Very strong, the continuous rise of the stock index gives retail investors high confidence, these people, all want to buy on the rise but not on the fall.”
Nie Zhenbang nodded, “Very good, after the opponent’s chips are exhausted, you can start selling stocks in small amounts, remember to control the index, just keep it above 7000 points.”
Before Nie Zhenbang could finish speaking, Han Qi had already walked in, with a serious expression, coming to Nie Zhenbang’s side, he whispered, “Chief Nie, Chief Executive Tong of Donggang Special Administrative Region has called, the funds of the Donggang Special Administrative Region Government have run out. Now, we need the help of the central government to maintain the foreign exchange market.”
The trading volume reached 200 billion US Dollars in just half an hour, which shocked Nie Zhenbang. Then, Nie Zhenbang nodded, “Mr. Han, please reply to Chief Executive Tong that the central government will not neglect the special administrative government. What comes next is up to us.”
With a wave of Nie Zhenbang’s hand, 500 billion US Dollars of funds quickly entered the foreign exchange market, instantly suppressing the exchange rate, which had already been pushed down to 11 to 1, back into the 8 range. At this moment, the ratio was 7.75 to 1.
After the market closed, on Soros’s side, it was utterly desolate, and many market operators had lost their capital. There was no one left to take the short positions.
The next day as the market opened, the stock index maintained a stable trend, opening slightly higher. Nie Zhenbang’s order was to start selling in small amounts, as soon as it hit the market, these emotionally excited retail investors and institutions quickly scooped it up.
These stocks, Nie Zhenbang had planned to sell sooner or later, he wouldn’t hold on to them, the Donggang market needed free circulation.
On the foreign exchange market, the situation was far more turbulent, with fierce attacks on Donggang’s foreign exchange market.
The trading volume in a minute was described in terms of billions, and even tens of billions. This was an international currency war. Once, Soros and others used this method to short the Thai baht and Indonesian rupiah, destroying the economies of two countries. This was crueler than military warfare, and the losses were even greater.
At this moment, facing Donggang, this piece of fat meat, Soros couldn’t wait to enjoy this feast. (To be continued. If you like this work, please come to Qidian (qidian.com) to vote for recommendation tickets, monthly tickets, your support is my biggest motivation.)
