Life at The Top novel Chapter 1966

Inside the headquarters of Quantum Fund in New York of the United States, Soros frowned as he looked at the busy team.

His good mood from before was gone. Even though he knew that the Somerland government’s countermeasures would inevitably come, he did not expect the Somerland government to stab him in the heart from such a strange angle at this critical moment.

“This definitely looks like something Jasper would do. It was done beautifully while being impactful and straight to the point.”

Rogers’ voice from the side caused Soros t o turn his head. Then, he said, “What do you think we should do now?”

“We can’t stop the attack on the Haddock Chamber of Commerce, and we must instead intensify it.”

Rogers contemplated for a while and said, “Actually, everyone including you and Jasper overlooked a very important issue.

“Yes, the listing of these state-owned enterprises will bring in a lot of private capital, some even foreign, into the Somerland A-share market to buy the stocks of these state-owned enterprises, but this will produce a siphonic effect.

“These state-owned enterprises are the

core of absorbing capital. They absorb not

only external funds but also funds in the

stocks of other companies in the original A -share market. The other companies are worried that there is no place for them to hedge, but when these state-owned enterprises enter the market, they will inevitably sell their stocks and buy the stocks of state-owned enterprises. Such is the nature of the capitalists. Neither the Somerland government nor Jasper can change this.

“Under such circumstances, the A-share market seems to have stabilized, but in reality, most of the funds have been sucked away by state-owned enterprises while the remaining company stocks will b e faced with difficulties.

“This is the chance for us to completely

destroy the Haddock Chamber of Commerce,”

Soros frowned and said, “If that’s the case, we’ll have to burn the funds we used to short the market.”

“It’s inevitable.”

Rogers patted Soros on the shoulder and said, “There are indeed winners in the capital market, but there can be no gods who will always win without losing money. At this point, me and you, as well a s our investors, will agree with this.”

Soros nodded slowly and said, “Yes, what you said is right… Then we will increase our efforts to crush the Haddock Chamber of Commerce.”

At this moment, the press conference was closed in a flash while the call auction stage had also officially ended.

In the futures market, the tug of war over foodstuffs continued. While the two sides were still transacting at a rate of 100 million Somer Dollars per minute, the A share market had already set off a huge ripple.

Huge amounts of funds poured in from the outside, including domestic funds and foreign hot money. Meanwhile, hot money began pouring into the A-share market like sharks smelling blood.

Their goal was unified, and they were

targeting this batch of state-owned

enterprises that had just gone public,

Led by the two major oil companies and supplemented by the communications industry, the share prices of these state owned enterprises soared, leading an upward trend of their respective sectors and the overall market.

“After 10 minutes of opening, A-shares opened at 2434 points. It has opened higher and is moving gradually upward. Currently, it is at 2499 points and is hitting the 2500 key point. It should not b e very difficult to break through this point. Among them, newly listed state owned enterprises have reached their daily limit as soon as trading commenced. At present, there is still a huge influx of funds, while it has risen to the limit, the quotations are still going up.

Baz suppressed his excitement and said, ” Judging from this situation, it is not a problem for these state-owned enterprises to create more than 15 daily limits for the market.

“Due to the good news gained from the listing of these state-owned enterprises, the share prices of the sub-sectors of the relevant upstream and downstream industry chains are also rising and the market is improving!”