Rebirth in 1985

Chapter 648: Turning the Tide

International hot money led by Soros was destined to not be able to carry out wanton attacks in Hong Kong as they had expected. They encountered strong resistance on the first day. Although the stock market and currency showed a downward trend, anyone could see that someone was defending Hong Kong.

As for who is defending Hong Kong, you don't have to think about it to know that it is the mainland. Hong Kong has just returned to China not long ago, and what the mainland needs is the word "stability", and they are demanding that Hong Kong stabilize at all costs.

In addition, what the international speculators don’t know is that in addition to the domestic forces coming to stop them and defend Hong Kong, there is another force fighting to defend Hong Kong. This force is none other than Lu Shaohua’s Phoenix Group.

Of course, the disaster has just begun, and no one knows that Phoenix Group is involved. From the market trading situation, it can be seen that a force is acquiring a large number of Hong Kong stocks and raising the Hang Seng Index. As for who this force is, it remains a mystery.

The next day, the mystery was completely solved. When Morgan Daly told the media that he would withdraw from the Asian market, the stock market was in an uproar. Soon after, Morgan Daly began to sell off the 2% of Hong Kong stocks he held.

But when the selling began, that 2% of Hong Kong stocks quickly disappeared. Yes, it disappeared, because they were acquired and did not stay in the market, which was very strange. Then, another heavyweight news came out that Liu Mingzhang held a press conference on behalf of Phoenix Group. The theme of the press conference was about the financial crisis.

Originally, it was not unusual for Phoenix Group to hold a press conference, but at this time, Phoenix Group stood up. Considering the acquisition of Morgan Stanley's 2% Hong Kong shares, anyone with a little bit of common sense would know that Phoenix Group had taken action.

Previous rumors that Phoenix Group had allocated 200 billion US dollars to provide loans to members of the Chinese Chamber of Commerce were finally confirmed. Now that Phoenix Group has acquired 2% of Morgan Stanley's Hong Kong shares and the force that had just begun to push up the Hang Seng Index, it is not difficult to come to the final answer.

Maybe there are coincidences here, but when there are too many coincidences, they are no longer coincidences, but facts.

The fact is that the sleeping giant Phoenix Group has awakened and started to show its power, sweeping the Hong Kong stock market and defending it.

However, what is unimaginable is that the power displayed by Phoenix Group is too great. The outside world originally estimated that its market value was only 200 billion US dollars, but then it suddenly appeared that it had a loan of 200 billion US dollars, which was shocking and something that no one could even dream of.

Then, Phoenix Group acquired another 2% of Hong Kong stocks. What does this mean? It means that Phoenix Group’s strength is far more than just 200 billion US dollars. It could be 400 billion US dollars, or it could be 500 billion US dollars in market value, or maybe even more.

Now no one dares to evaluate the Phoenix Group. It turns out to be very simple. A group company that was originally evaluated to have a market value of 200 billion US dollars could actually withdraw 200 billion US dollars of funds at a critical moment. This was an impossible thing in itself, but when the impossible thing became a fact, people couldn't help but think deeply.

Regardless of how much strength and liquidity the Phoenix Group has hidden, the eyes of the whole of Hong Kong are now on the press conference held by Liu Mingzhang, wanting to see what tricks the Phoenix Group is playing.

Liu Mingzhang did not disappoint the people of Hong Kong. Not only did he attend the press conference himself, he also attended with senior executives of the Chinese Chamber of Commerce, such as Henry Fok. They had only one purpose: more than a dozen companies would join forces to allocate funds to defend the Hong Kong stock market and keep Hong Kong away from disaster.

It was very explosive news. When the media expanded the contents of the press conference infinitely and spread it to every corner of Hong Kong, both the business community and the public in Hong Kong were in an uproar, happy, joyful, and excited...

Yes, Phoenix Group is a bottomless pit. No one knows how much money it has. Everything is unknown. The only thing we know is that Phoenix Group is very powerful. Now, a powerful group has come out and united more than a dozen first-tier listed companies in Hong Kong. Even a three-year-old child knows what kind of power this is.

The situation has changed dramatically. After the press conference, the Hong Kong stock market has changed a lot. Investors who originally wanted to sell their stocks have decisively stopped and stopped selling. People with spare money have increased their investment and started a new round of investment.

One or two people may not affect the overall situation of the stock market, but what about hundreds, thousands, tens of thousands, or even a hundred thousand? The amount of funds is small, but when tens of millions of small amounts of funds flow into the stock market, the result will be different, and it is entirely possible to change your destiny.

Of course, there are some people who are excited, but they do not make up the majority. After the press conference, some people increased their investment, but they were only a small number of people. The majority of people are still waiting and watching to see whether Phoenix Group can hold up the market.

There is no doubt about the outcome. Phoenix Group held on and held press conferences every day to summarize how many stocks it had acquired. Its momentum of defending the Hong Kong stock market to the death greatly stimulated Hong Kong investors.

Therefore, in the next three days, the Hong Kong stock market was maintained and maintained a slow decline. Well, this slowness can almost be ignored. The decline of the market index by dozens of points, and at most hundreds of points, can be completely ignored.

On the 25th, the Hang Seng Index miraculously resurrected. Yes, the word resurrection is not an exaggeration, because on this day, international hot money saw that its attack on Hong Kong was ineffective and could only withdraw without a start or a finish, looking for the next target.

And at the moment the attack stopped, Lu Shaohua decisively ordered to raise the stock price, raising the stock price rapidly visible to the naked eye, so that the Hong Kong stock market could return to its original state as soon as possible.

Of course, a forced melon is not sweet. Lu Shaohua knows this very well. Hong Kong has just suffered a disaster and it will take time to recover. So when raising the stock price, Lu Shaohua also asked Li Yunqing and others to pay more attention and not to force the issue.

When the stock market rebounded, Hong Kong was in an uproar again, because everyone knew that Phoenix Group played a leading role in this disaster. All of a sudden, Phoenix Group's reputation in Hong Kong reached an unprecedented peak and became the well-deserved number one.

Originally, the real strength of Phoenix Group was already well-deserved to be the first, but its strength was hidden before and no one knew about it. The only thing that was known was that Phoenix Group was very strong, but no one knew how strong it was.

Now the true side of Phoenix Group has finally been revealed. That strong side has caused headaches for international hot money led by Soros.

This was like a Cheng Yaojin who showed up unexpectedly. If it weren't for the existence of Phoenix Group, the international hot money would have succeeded. However, the reality is always cruel. When they thought they were not far from success, Phoenix Group showed up and turned the tide, becoming the savior.

However, when the outside world could not understand, international hot money led by Soros had a clear understanding, that is, why Phoenix Group suddenly had so much funds. According to conventional calculations, no matter how powerful a group company is, its liquidity is always limited, but looking at Phoenix Group, the funds it took out seem to be no different from "unlimited".

At the beginning, it was 200 billion US dollars, and then it was the acquisition of 2% of Hong Kong stocks, and there was a sweep of many stocks on the stock market. The funds required for this are not something that can be solved by 100 or 200 million.

So why did Phoenix Group succeed in the end?

There are two possible answers. One is that Phoenix Group, like them, had laid out its plans for the financial markets of various Asian countries early on, and then attacked the financial markets of various countries as quickly as possible, and made a fortune in the end, withdrew early, and then laid out its plans for Hong Kong, waiting for their arrival.

The second possibility is that Phoenix Group has long been aware of the crisis in Hong Kong, so it has gathered funds and made arrangements a long time ago, and then waited for the crisis to break out before taking action to turn the tide.

But the problem lies in the strength of funds. According to the profits from the normal operation of Phoenix Group, it is impossible for Phoenix Group to raise so much funds. Therefore, the second possibility can be ruled out and the first possibility is the most likely.

When we think about how they have stirred up trouble in other countries, it seems that there is a force countless times more powerful than them fanning the flames from behind. It is not difficult to guess that that force is none other than the Phoenix Group.

What kind of feeling is it that all your efforts have been in vain for others? No one can accept this, including Soros, the main planner. He cannot accept this fact. He has been planning for nearly a year, but the end result is that they make a small profit while Phoenix Group makes a big profit. Moreover, there is no evidence of Phoenix Group. How can Soros accept this fact?

But facts are always facts, and Soros has no choice but to accept them. Although he suffered a setback in Hong Kong, there are greater challenges waiting for him. He cannot give up, and he cannot convince himself to give up. Even though he knows that he will still be helping Phoenix Group in the future, they still have to continue.

The reason is simple, because their next actions will also make money and add numbers to their wealth, so they have no reason to give up, and they cannot give up. After all, they have been planning for so long, giving up is tantamount to wasting their hard work.

As for Lu Shaohua, he certainly didn't know what Soros and the others were thinking. At the moment, Lu Shaohua and others were with Ho Ying-tung and the others, drinking red wine and talking about the situation in Hong Kong.