The next day, Shanhai Capital's fake research report was published in full in the Hong Kong Economic Journal, with excerpts also appearing in newspapers like Ming Pao and Oriental Daily.
"Soros is short on cash, and a financial crisis will occur on Wall Street."
Regardless of whether they believed it or not, anyone paying attention to the Hong Kong Stock Market knew about this news. Even if they didn't at first, they would have been drawn into discussions by many people and would now be aware.
Long-Term Capital Management, a company previously known within the industry, instantly became a well-known enterprise with widespread public recognition.
"50 times leverage, oh my god! Is this company that crazy?!"
"How else would they make money? Foreign exchange futures even have a hundred times leverage."
"But Long-Term Capital Management invests in bonds!"
"Damn, why didn't I know about such a great method before, going long and short simultaneously with no risk at all."
"Do you have the ability to borrow billions of dollars in funds?"
"It would be best to borrow three hundred billion dollars, then suddenly go bankrupt. That way, the Hong Kong Stock Market would be safe."
"Who knows if it's true or false!"
"Didn't the Hong Kong Economic Journal say that all data and sources are true and reliable?"
"That still doesn't prove Long-Term Capital Management will go bankrupt."
"Are you hoping Hong Kong will be ruined?"
"I, I'm not."
... The entire Hong Kong capital market was permeated with a peculiar atmosphere, especially for Shanhai Capital.
"The price of our complete research report is one million Hong Kong dollars. Most of the information has already been made public. Are you sure you want to purchase it?" Ji Jiasheng received several such calls, all from people wanting to buy their full version of the research report.
"I'm sure. I've already prepared the funds. Please send me the complete electronic version of the research report as soon as possible. I'll send someone to pick up the physical version immediately," said the person on the other end of the phone.
"Okay, I'll send it as soon as the funds arrive," Ji Jiasheng replied.
"..."
Soon, Xu Xin confirmed the funds had arrived, and Ji Jiasheng sent the email.
"Are they crazy? It's free, but they still pay for it," He Zhengcheng said.
"They need more detailed data to make a judgment. Perhaps one piece of data can determine their direction," Yu Dehui explained.
"Sigh, there are so many big players in the Hong Kong financial market," He Zhengcheng remarked. He found that he could actually make a profit this month. A research report selling for one million, and ten copies sold in just one hour—this world was truly insane.
"Who's to say? And this is during a financial crisis..." Yu Dehui added.
"If it were me, would I buy such a research report? Why don't they buy pirated copies?"
"What if someone deliberately tampered with the data to deceive them?"
"Is there enough time? Who gets the funds saved by large institutions?"
"..."
There were indeed individuals or institutions acting as resellers, but the problem was that the information in this research report was highly time-sensitive. Small institutions didn't care, but large institutions wanted the most direct data and weren't willing to take risks.
"It's a pity such an opportunity only comes once!" He Zhengcheng said with some regret.
"Once is good enough. The market is about to open!" Chao Yang said.
Although strategies had been decided beforehand, they still needed to concentrate. On August 14th, the Hang Seng Index opened at 6510, then quickly fell below 6500 points.
"The Hang Seng Index is still falling!"
"Soros is cornered."
"They've blocked it, they've blocked it!"
"The competition is extremely fierce; the Hang Seng Index did not break yesterday's low!"
"Large funds are entering the market to snap up shares; stocks and the Hang Seng Index are being pulled up!"
"The Hang Seng Index has risen!"
"The Hang Seng Index is approaching 6500 points; resistance is strong!"
"The Hang Seng Index directly broke through 6500 points and continues to rise..."
"The Hang Seng Index has risen to 6600 points..."
"The Hang Seng Index 6700 points..."
"The Hang Seng Index 6800 points..."
"Soros is finished!"
"That damn bastard, he's definitely lost!"
Huge funds finally entered the market. Blue-chip and red-chip stocks in the Hong Kong Stock Market were frantically bought up regardless of cost, and the Hang Seng Index was significantly pulled up.
He Zhengcheng had already gone all-in near 6500 points, with a full 100 lots. His average transaction price was below 6500 points, and by this time, he was making a huge profit.
"The Hong Kong Monetary Authority finally intervened!" He Zhengcheng had been waiting for this day; his memory hadn't failed him.
"Yes, the Hong Kong Monetary Authority has intervened!" Ji Jiasheng also relaxed at this moment.
"Do you think Washington will protest and force the Hong Kong Government to admit fault?" Xu Xin asked.
"And then Daxia Country and the Hong Kong Monetary Authority will directly sweep through Wall Street for quality assets?" He Zhengcheng said jokingly. Although Daxia Country was not yet powerful, it was one of the five permanent members of the United Nations, not a small fry that could be bullied at will.
"Haha, yes, we can also sweep through Wall Street!" Chao Yang said. Wall Street, the ultimate dream destination for so many financial talents, that was their central stage.
The Hong Kong Monetary Authority's intervention basically meant Soros's failure in the Hong Kong Stock Market and on the Hang Seng Index.
Their chips were, after all, limited, and the Hong Kong Monetary Authority's capital would certainly exceed their chips. Unless a listed company cooperated with overseas capital, such as the famous Hong Kong Telecom in previous history.
The Hong Kong Monetary Authority vigorously swept the stock market, but after August 18th, a large number of shares of HSBC and Hong Kong Telecom still appeared on the market. Why did this happen? Was someone colluding with the enemy? This was an unspoken truth.
HSBC aside, this company's equity was extremely dispersed, and its interests were largely consistent with the Hong Kong Monetary Authority. More importantly, its size was too large and its strength too strong, so even if HSBC had a minor issue, it would be deliberately overlooked.
Hong Kong Telecom, which dared to commit such an act at the peak, was not so lucky. It was later acquired by Li Ban Cheng's second son, Richard Li. Besides the difficulty of telecommunications companies being controlled by foreign capital, there might have been an element of punishment. As for the fact that the other party chose the best timing and made a large sum of money, that was unavoidable.
At this time, Shanhai Capital was clearly not focusing on Hong Kong Telecom. The Hong Kong Stock Market and the Hang Seng Index rose for a full day. The Hang Seng Index finally closed at 7250 points.
"I earned 750 points in one day, with 100 lots of long positions. How much did I earn?
How much did I earn?" He Zhengcheng was a bit excited, very excited. This was a full 3.75 million Hong Kong dollars! Who wouldn't be excited to earn 3.75 million in one day?
Oh, no, there was also his own account, which also bought 85 lots of long positions near 6500 points, with a book profit of 3.18 million.
He suddenly realized a problem: if he took his profits now, his total controlled capital seemed to exceed ten million. What was going on? Last time he calculated, he thought he would only earn ten million when the Hang Seng Index rose to around 8000 points.
"It seems my math was taught by a physical education teacher!" He Zhengcheng couldn't help but complain to himself. Anyway, it wasn't the first or second time a physical education teacher had been blamed.
"If nothing unexpected happens, Soros should be leaving!" Chao Yang said.
The Hang Seng Index's increase today reached 11.37%, leaving the short sellers devastated, and it also traded a record high volume.
More importantly, Soros's previously acquired chips were now very few, making a significant suppression of the stock market impossible.
Under the prevailing trend, even if there were one or two traitors in the Hong Kong market, they couldn't change the overall situation.