After being knocked away by the school beauty, I managed to become the richest man in the world
Chapter 665 Just an appetizer
Chen Fan's guess was correct. Since several of their major consortiums were well prepared, they would not just target a mere blueprint capital.
They vowed to let Donghua taste the feeling of being shorted, and how painful it felt to be cut off.
Chen Fan immediately called Su Ruzhen, "Their target is the whole country, everyone, be careful."
"understood!"
Su Ruzhen returned to the office and immediately called Zhao Linlin.
Chen Fan said to Lu Wushuang, "You have to do something quickly."
"Well, you said."
"Contact eldest sister and the others and do a good job in intelligence work."
After hearing Chen Fan's arrangements, Lu Wushuang immediately sent the yacht back without saying a word, "Then I'll go back first."
Chen Fan arranged for several bodyguards to escort him. After all, safety was the most important thing.
Lu Wushuang returned to Shenshui City and notified her eldest sister and the others immediately.
The three received the news and immediately started working.
They soon discovered that after these forces entered Zhonghai and Dagang, they used the resources in their hands to borrow large sums of money.
You must know that there are many foreign-funded enterprises in Donghua around the world. After these consortium working groups came in, they reached an agreement with them and mortgaged all their assets, thus obtaining a large amount of funds.
Like the oil family, they even have their own bank and a lot of real estate in Donghua.
After they obtained a large amount of funds, they immediately started to attack Dagang.
So that night, an earthquake occurred in the foreign exchange market. The Hong Kong dollar plummeted and the local currency depreciated, triggering turmoil in the stock market.
Those funds holding shares in Dagang fled one after another, and the Dagang stock index plummeted by more than ten points.
Su Ruzhen and Zhao Linlin were sitting in the office, watching the index drop, both of them extremely serious.
There is an invisible pressure in my heart.
Aren’t these people saying they want to short Blueprint Capital? Why did you suddenly turn around and engage in the Hong Kong stock market and foreign exchange?
Chen Fan came in and looked at the big screen in the trading room. The stock index and foreign exchange were in chaos.
"When do we make a move?"
Zhao Linlin asked Chen Fan for instructions, as if she was ready to challenge him at any time.
Chen Fan said, "There's no rush. If it's our turn to take action now, it's okay not to fight this battle."
In the face of such emergencies, Dagang should have a plan. This is not the first time they have faced this kind of problem. I believe they have enough ability to solve the problem.
Chen Fan stood still as he weighed the strengths of both sides.
Dagang also immediately organized an effective counterattack. In just the second half, it pushed back the short-selling forces and stabilized the foreign exchange market. The stock market also drew a long lower shadow.
Although it doesn't seem to feel much now, people who have experienced it still have lingering fears.
Because the market suddenly plunged without warning, and it was the first-line drop, with hundreds of billions evaporating in minutes. It was a scary feeling.
Many people felt that the situation was not good and decisively cut their positions.
But some people persisted and eventually rebounded, so they didn't lose much.
Chen Fan knew that this round was just a test to see how strong the takeover would be.
Next, they should adjust their strategies and continue short selling.
Sure enough, the market smashing started again the next day, with greater intensity than yesterday.
These consortium families sold large amounts of Hong Kong dollars in the foreign exchange market, which also caused huge shocks in the stock market.
Endi was watching the battle in Zhonghai's office. Seeing the fluctuations in the foreign exchange market, he shook his head, "It's not violent enough. Why are they such a mother-in-law?"
Someone next to me said, "It's not good to go all out when you just go into battle, isn't it?"
"It's just to catch them off guard. Should we wait for them to react and then go all out?"
"Idiot, you are stupid!"
"Sooner or later you will suffer losses with this style of play."
Endi cursed, and then called the commander of Dagang, "Your method is wrong. It's soft and has no strength at all. How can you scare them!"
"As long as you suppress it vigorously, it will cause panic, especially among institutions and retail investors. When they see that the situation is not good, they will run away. You will not need to take action at that time, and they will help you bring down the foreign exchange and stock markets. ”
After scolding people, he was still angry.
Davidson was also at the command post in Dagang. After receiving a call from Endi, they stepped up their short selling efforts and aggressively shorted Dagang currency in the foreign exchange market.
Seeing that Dagang's currency was losing ground in the foreign exchange market, Zhao Linlin didn't understand. "What on earth are they doing? Why don't they resist? Are they waiting for others to harvest them?"
Once the national currency depreciates seriously, it will affect purchasing power.
Those who invest in Dagang will naturally choose to sell their currencies to protect their rights and interests.
This is just like gold and money. If the price of gold increases, can you exchange it for more money?
If it is rising and money is depreciating, will more people buy gold to preserve its value?
If the currency continues to depreciate, and the money that people have worked so hard to earn is no longer worth anything, then what is the use of their money?
If the depreciation continues, money will become useless paper.
So now you have to protect the authority of the currency, otherwise it will cause a lot of trouble.
Old George used this method to harvest the world's wealth, but now they are just repeating their old tricks.
They exchange the borrowed money for international currency in the foreign exchange market. After the price drops, they exchange it for international currency and return it to the bank.
But they are not in a hurry to repay it now, and continue to pour the exchanged Hong Kong currency into the foreign exchange market, causing it to continue to depreciate.
The greater the devaluation, the more money they make.
In order to remedy this situation, Dagang also immediately took measures to stop large loans.
Then they used the international currency in their hands to take over the orders, and they took as many as they had, gradually bringing up the foreign exchange.
At this moment, Chen Fan and the others were watching the battle together, and he had to wait for a suitable opportunity.
Like him, there are Endi and the others who are far away in Zhonghai. Dagang is just an appetizer, and the real war has not yet begun.
This time they made a comeback, but they were fully prepared.
"It's strange, why don't they take action?"
"It's really calm!"
Endy stared at the board and said to himself based on the feedback information.
He called Dagang and asked about the situation, "How is the situation over there?"
The other party replied with great confidence, "It's too easy. I really don't know how old George lost back then."
"Don't they have the power to fight back?"
Endi said proudly, "That's not your ability, but that your opponents are too weak. They misunderstood that we had experienced a stock market crash and were incapable of shorting them. They are probably unprepared, so you have to increase your efforts and win the first place in one fell swoop." A battle.”
"OK!"
The person in charge of Dagang was so confident that he waved his hand and once again increased the intensity of short selling.
The foreign exchange market immediately set off a huge wave.
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