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Text Chapter 680: Continuous Squeezing

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    The short selling pressure in the trading center was rampant. Seeing Evan's excited expression, Chen Hongtao took a sip of coffee: "In the beginning, Pearl Holdings started by chasing the main institutions. The disadvantage of big funds is that the ship will turn around in case of disaster. As long as you don't fight hard,  Being able to step on every point makes those international speculators feel uncomfortable. No matter how powerful William and the others are, they can only watch their funds being taken away."

    ¡°Regardless of the situation in the Hong Kong market, we should have plenty of opportunities.¡± Meghan¡¯s smile was very confident.

    "Sometimes if you want to attack your opponents, you don't need funds. Creating momentum is also a good strategy. The reason why Lin Hua invested in a number of institutions and was wiped out in Japan is because small and medium-sized investors formed a joint force to  Institutional funds are held at a high level." Chen Hongtao lowered his head, as if he didn't want others to see his sneaky smile.

    Evan's smile was also a little gloomy: "Yes, it is the biggest tragedy for an institutional investor to be robbed by small and medium investors at high positions and robbed by investors at the bottom. Once the intention of the institution's operation is discovered and caught, it will  Being passive is the last thing we can afford to be chased and disrupted.¡±

    "Don't offend them too much. The stock market decline is basically the general trend. The difference lies in how it falls. If a soft landing can be achieved, it is understandable for international speculators who have discovered the opportunity to collect some money. This is also the law of the jungle in the capital market. In fact, even if  Without me, the Hong Kong financial market would not have collapsed. The economies of many countries have suffered great storms, but in the end they have not survived and continued to develop. If no one makes money and no one loses money, then the capital market will lose its existence.  Meaning. It is the game of interests that will make this market more exciting." Chen Hongtao said with a smile.

    ¡°Boss, are you just pretending to be here and not planning to invest money?¡± Kath approached Chen Hongtao and asked with a soft smile.

    "I just don't want them to be unscrupulous and crash the market. But looking at the current situation, I can't contain them at all. I won't take action unless the Hong Kong financial market collapses at the critical moment. The nine years of peace are hard-won."  , in order to make huge waves in the financial market for a moment of enthusiasm. Are you afraid that others will not recognize me?" Chen Hongtao laughed softly.

    Hearing what Chen Hongtao said, not only Kath, but also Evan, who showed an annoying face on the surface and was dissatisfied and angry, felt much more relaxed.

    Seeing Kath¡¯s charming smile, Chen Hongtao pinched her cheek and said, ¡°Don¡¯t tell me what¡¯s on my mind.¡±

    ¡°I promise~~~¡± Kath¡¯s pretty face turned red, she raised the catkins and smiled shyly.

    "It's not easy to just sit here and show off. When can we finish lunch at noon? I'm already a little hungry!" Chen Hongtao said with a smile.  It barely left Cath unsteady.

    "Boss, the market has peaked like a guillotine. The decline is still intensifying. If it continues, I'm afraid the situation will change a lot." Wei Lao cautiously said to Chen Hongtao.

    "Although the operations of international speculators in the futures and currency markets are large, they appear to be very stable. They do not appear to be frantically impacting the financial market. They seem to be hesitant." Megan said to Chen Hongtao with a smile.

    Sensing the annoyed look from Winnie, Chen Hongtao smiled and waved his hand, as if to say hello to please.

    "What a bastard!" Seeing Chen Hongtao's obscene smile, Winnie couldn't help but cursed in a low voice.

    "The stock market, futures market, and foreign exchange market have not shown the expected resistance. The market has completely fallen into silence. The SAR government and the Stock Exchange seem to have lost their voices. Even China has no news." I just heard  When Byron reported to the information officer, his expression looked a little strange, as if he had been punched in the air.

    "The Chinese side invited Chen out because they wanted to play a game of cards with us. The reason why the news suddenly became quiet is probably related to Chen's greeting. If possible, I hope the other party can be more aggressive.  "William said a little pessimistically.

    "Now the stock market has fallen so sharply. Not only Hong Kong's local financial institutions are running away, but even small and medium-sized investors from the outside have begun to realize that something is abnormal, and the volume of selling continues to increase. However, we have not made any gains in the futures and currency markets.  The results are too big. This is really a dilemma. If we continue to sell, we will only lose the precious chips in our hands. If we don¡¯t sell the stocks, we will face losses in the book stock positions. The opportunity is fleeting. How about we fight for it?  Now we are taking advantage of the situation to crazily push down the futures market and currency exchange rates? If the stock market falls again, it will be too late" Nicole asked Byron and others in an irritable mood.

    Feeling the restlessness of Winnie and the others, William shook his head hesitantly: "The stock market has fallen a lot now. If we attack across the board at this time, we are likely to be attacked by Pearl Holdings in the currency market. In addition,  There is a link between US dollar and Hong Kong dollar?Exchange rate barrier, it is easy for Pearl Holdings to attack us, and China¡¯s attitude behind this monetary system is also an uncertain factor. Looking at the current situation, it should have hit a bottom line. The stock market has its ups and downs, but the exchange rate  If this fundamental changes significantly, Pearl Holdings will definitely stick to it.  "

    "It is completely impeccable. Hong Kong financial institutions and investors began to sell goods in the stock market, making things more troublesome. They cannot achieve substantial results in the currency market, and there is no use in sitting down on the stock market." Byron said with a sigh of relief.

    "The emergence of the head shape of the guillotine in the stock market will inevitably lead to increased selling pressure in the market, leading to a substantial decline in the Hang Seng Index. But now it seems that Pearl Holdings has expected these consequences. On the futures index, we  We can¡¯t open many positions. It seems that Pearl Holdings¡¯ strategy is to hold on to the linked exchange rate as a line of defense so that we can retreat.¡± As Marshall sighed, he seemed to be retreating.

    "The head of the Hang Seng Index has been formed, and the New Taiwan dollar exchange rate has also abandoned its position. It stands to reason that this should be the best opportunity. If you miss this time, it will be difficult to catch up with this opportunity in the future. The stock market has fallen from a high level, and there is no trace of it.  The question is a process of gradually releasing risks, and he wants Hong Kong's economy to have a soft landing!" Winnie glanced at Chen Hongtao in the distance, who looked calm and unmoved.

    "Continue to increase the intensity of selling stocks. Maintaining the high pressure of futures and exchange rates, even if it cannot collapse the Hong Kong financial market, it will not make it easier for them. Since he does not care about the decline of the stock market, then we will crack down hard and let them  Small and medium-sized investors are panicking and wavering, so don¡¯t give those Hong Kong financial institutions a chance to calmly ship out in the stock market. If we want to sell out, we will be the first to suppress the stock market." William arranged for Anna and the traders.

    Intense electronic trading orders for selling positions were heard in the Hong Kong securities market accompanied by the sound of keyboard tapping.  The Hang Seng Index continues to plummet.

    More than an hour after the opening of the market, almost all stocks were in the green. Every time the quotation was turned out, the stock price of each stock would move downward rapidly, which was heart-stopping.

    ¡°I remember Chen Hongtao launched the bidding notice board before, should we be more careful?¡± Julian Robertson, the head of Tiger Fund, said warily.

    "I guess it won't happen this time. Even if he wants to play tricks, we don't have to pay attention to it. We just need to keep increasing the selling orders in the electronic market. He doesn't have any good methods." Byron said after thinking.

    Winnie smiled angrily: "The bidding notice board is not much different from the verbal bidding of the New York Stock Exchange. It just uses the ancient trading method of filling in the bidding notice. We will not lose, don't be fooled by that wretched guy."

    ¡°Boom~~~¡±

    ¡°While many market exit representatives at the trading center were panicking, Mr. Wei, who was wearing a red vest No. 0001, also looked very anxious.

    "Boss, they are trying hard to smash the stock market. The value center of the Hang Seng Index is moving downwards rapidly. Amid the panic selling, the selling pressure on the Hang Seng Index has not diminished, but has continued to increase." Kath said with a surprised look.  Chen Hongtao said.

    "It's completely harmful to others and not self-serving. During the decline of the stock market, the impact on the futures and foreign exchange markets did not expand." Evan flattened his mouth, as if he was dissatisfied with the limelight of a group of international speculators.

    Chen Hongtao chuckled: "That's not necessarily true. A drop in the stock market will also cause substantial turmoil in the Hong Kong financial market, and it will be more damaging to popularity. The strategic pattern of these international speculators is the entire Asia. The loopholes in the high level of the Hong Kong stock market are quite big.  . If it were me, I would definitely not miss this opportunity to attack."

    "Is it possible to use the chain reaction caused by the turmoil in the Hong Kong stock market to make huge profits in other battlefields in Asia?" Because the Field private equity fund is a member of the international speculators, Kath can easily understand such an operation.

    "Will the stock market crash if this continues? The decline is already very sharp, if we start from 16,500 points. In less than a morning, the Hang Seng Index has fallen 480 points, and is already approaching the 16,000 point mark!  Mr. Wei asked Chen Hongtao.

    "There is nothing we can do about this. The bull-bear conversion is equivalent to teaching some people a lesson." Chen Hongtao said with a helpless smile.

    Evan secretly glanced at a group of capital conglomerates in Hong Kong: "In this way, if we don't challenge the price, it will be difficult for those guys to ship. It is obvious that a group of international speculators have taken the initiative in the stock market.  , and it also affects the form of the market, as you can see by looking at the anxious look of the local capital tycoons in Hong Kong."

    "It's obvious that Hong Kong's local financial institutions have been squeezed, but I don't know how they chose, whether to hold shares and wait for death, or choose to sell at a lower price. In this sensitive situation, I feel a little embarrassed for them.  "Meghan had a gloating smile on her face.

    ¡°Breaking 16,000 pointsThe ?? mark has been reached, and panic selling pressure has increased sharply during the session. Looking at the current market situation, not only many investment institutions feel that something is wrong, but even small and medium-sized investors have begun to realize that the situation is not good.  Mr. Wei made an offer to Chen Hongtao.

    "If you wait and look for opportunities, the world is not chaotic enough. Let's see how much they can bring the stock market down." Chen Hongtao said with a smile.

    "Boss, do you want to give them a kick? In the Hong Kong financial market, if there is no online currency, our funds still have absolute dominance. Even without the holding company's own operation, we can still attack them head-on."  Wen asked Chen Hongtao to fight.

    "Don't worry. When the market selling pressure shows signs of shrinking, don't give them a chance to close their futures positions. Directly enter the market to open long futures positions, get all the sell orders on the futures contracts, and buy in large quantities.  Stocks are rushing to rebound. On the basis of profits, we must take over the market initiative and gradually control the subsequent decline of the Hong Kong stock market. Once they suppress too hard and there are loopholes, you will attack fiercely." Chen Hongtao whispered in Evan's ear.  .

    "Don't worry, boss, I will be very strong and fierce." Evan looked a little red when he saw the sharp drop in the Hang Seng Index.

    Amid the surging selling pressure in the market, until the Hong Kong stock market closed at noon, the Hang Seng Index fell below 16,000 points and was far away from it, trading at 15,680 points. In just one morning, the decline reached 850 points.

    The entire trading center is completely bleak, compared with the changes that the currency market can accept.  The sharp decline in the stock market further reflects the gloomy mood.

    "It's finally time to eat. Let's go directly to the restaurant. This kind of job of protecting the market is really not easy to do. What do you think of those people?" Chen Hongtao stretched himself and said with a smile.

    "It's very strong, especially when it's centralized, it's like a roaring mountain and a tsunami." Mr. Wei glanced at Byron's group in the distance and praised with a smile.

    "It's not an option to continue like this. If they are allowed to act randomly, they will only become more and more unscrupulous." Chen Hongtao walked out of the trading center.  Laughed quietly.

    Hearing what Chen Hongtao said, Mr. Wei's eyes became colder and sterner: "If you don't restrain yourself this afternoon, let them look good."

    Just as Chen Hongtao was heading to the restaurant with a smile on his face, Lin Lan, secretary to the Chief Executive, caught up with him: "Mr. Chen, if the Hang Seng Index falls like this, it will collapse"

    "There is nothing we can do about it. It is very difficult for our Mingzhu Holdings organization to succeed. If we force ourselves to come forward, we may be regarded as a scapegoat." Chen Hongtao said with a helpless smile.

    "Actually, as long as we all sit together and discuss it, it's not impossible to unite!" Lin Lan's tone was a little weak.

    Chen Hongtao shook his head without any hesitation: "In my opinion, there are no enemies or friends in the capital market. Interests are the eternal focus. We at Pearl Holdings don't want to force others to make things difficult. We all just fight on our own, which makes us feel more comfortable."

    "Mr. Chen, will you protect the Hong Kong financial market?" Lin Lan asked seriously.

    Chen Hongtao, who was lighting a cigar, smiled playfully: "At least I have not joined the ranks of shorting the market now. As for future operation plans, as an investment company, it must be determined based on the situation. Miss Lin Lan, you have to understand one thing. I will take action.  It is benevolence to help Hong Kong's financial market, and it is duty not to help."

    Under the nervous gaze of the female secretary, Chen Hongtao was already walking further and further away with a smile.

    "How is it? Did you ask anything?" It wasn't until Chen Hongtao left that Li Zhaotong and others stepped forward and asked the female secretary.

    Lin Lan looked solemn and shook her head: "It seems that he will not take action easily, but you guys, if the stock market has fallen to this level, do you still want to continue shipping?"

    "Now every time the stock market falls for a period of time, we will have a large floating loss. The Taiwan dollar exchange rate fell too suddenly, completely catching everyone off guard. Under the pressure from the short side this morning, even if we let go  The price has been lowered to reduce the position, and the exit situation is also extremely unsatisfactory!" Guo Bingxiang looked a little embarrassed.

    "It has dropped 850 points in one morning. The situation is out of control. If Pearl Holdings had not appeared, the stock market might not have fallen so miserably." Li Jiacheng had calmed down by this time.

    "Now we can only take one step at a time. I think it is better not to pin the hope of the pallet on Pearl Holdings. Holding too much hope will only make us more passive." Li Wenfu, who has suffered losses in the past, seems  Very cautious.

    Lin Lan hesitated before speaking: "Before coming to the Stock Exchange, Chen Hongtao mentioned that he wanted everyone to increase their holdings in a step-by-step manner to stabilize the stock holding confidence of investors in the securities market"

    ¡°Seeing that all the heads of Hong Kong¡¯s local consortiums responded with silence, few?The secretary couldn't help but sigh secretly.

    Throughout the morning, although a group of international speculators achieved a staged victory, they were not happy, as if they were not satisfied with the result.

    When the market closed at noon, Winnie left quickly and did not participate in the joint inspection during the lunch break.

    "The situation in the stock market seems to be going too smoothly. If it continues to plummet like this, it will not be of much benefit to us. And if we continue to suppress it, I believe that Pearl Holdings will not remain silent by the afternoon." Byron said solemnly while checking the market.

    "Looking at the current situation, after the market opens in the afternoon, there will be a concentrated panic selling. By then, the decline of the Hang Seng Index will probably exceed 1,000 points. If the short-term decline is too deep, we will do T+0  Cover, take over those panic chips at low levels, and try to close out some of the profitable short futures positions. Since Pearl Holdings does not act, we will play slowly. Even if we cannot crash the Hong Kong financial market at once, we will  It can achieve the effect of continuously extracting profits. At that time, we can also take advantage of the turmoil in Hong Kong's financial market to increase our operations in the financial markets of other Asian countries and increase our profits." William said to everyone with a smile.

    "Old Bloomer and Julian seemed worried. Before the market closed at noon, although the stock selling volume of Field Fund and Tiger Fund did not decrease, the operations in the futures index and currency markets stopped.  Several investment companies such as Northern Lights have also begun to stop making efforts. Winnie has gone somewhere now. Is there any problem with her?" Nicole said worriedly.

    "Probably not, it's just that the relationship between Winnie and Chen is not something we can get involved in." Byron said with a smile.
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