Life at the Top
Life At The Top Chapter 2008
“Bring it here!”
Soros shouted. After he said that, he could not wait for his subordinates to print out the announcement, so he walked quickly t o the computer.
“Given the current increasingly complex domestic and international economic situation, after the batch listing of state owned enterprises with important assets, the Central Bank and the Ministry of Finance had obtained authorization to approve the entry of social security funds into the market. The total amount of social security funds entering the market this time is 600 billion Somer Dollars. It will follow the laws of the market economy to ensure the positive appreciation of the social security fund through capital operations…”
Soros did not finish reading the contents o f the announcement which only had a few hundred words. He understood what kind of decision Swallow Capital had made from just the first half of the announcement.
“Damn it, these punks from Somerland have decided to take this step after all!”
Soros was a little out of breath.
He knew that Swallow Capital would definitely protect the domestic A-share market and that no country would allow its financial market to be trampled and harvested by foreign capital, yet he did not expect Swallow Capital to respond so quickly.
His estimation was that it would take at least 2 trading days for Swallow Capital to react and take appropriate measures, and 2 trading days were enough for him to evaporate at least 100 billion of Somerland’s capital wealth. If the limit down of thousands of shares continued for 2 trading days, the consequences would be devastating.
However, things did not go according to plan.
The influence of this silent announcement was absolutely enormous.
The total social security fund in a country like Somerland would be terrifyingly huge. Also, because of its overwhelming participating population, its social
security fund was the top priority over its overall social stability.
The day had finally come for the Somerland government to use the social security fund.
Although the announcement did not mention what Wall Street capital had done in the domestic financial market, a discerning person could see at a glance that the batch of state-owned enterprises going public from before and the social security funds entering the market now was to resist the invasion of Wall Street capital.
In the financial battlefield, there was no smoke of gunpowder, yet murderous intent was everywhere.
On the day when the thousand shares fell t o the limit, Swallow Capital immediately officially announced that the social security fund would enter the market. It represented not only financial implications, but also carried a political overtone.
Therefore, when the outside world felt
protect the domestic financial market, private capital
never understand the dependence and
also
billion social security fund
billion social security funds to fight Soros’ at least 200 billion US Dollars even
Soros’ hands was more than double that of
difference in strength was too great, all techniques
of all of society could fight
the announcement was issued, hot money began pouring in. We’ve suppressed the stock price and shipping, but these crazy investors bought
of the subordinate’s anxious
as if he had just woken
dream.
its trust in him, but instead, they placed even more trust in him. Only a madman like Jasper could come up with the crazy plan to list the social security
Soros roared.
only person in the word who could stab his
to fight?
was a mad glint in
on a tightrope high in the sky. If they retreated, the abyss would be
on a narrow road, only the brave
located. Go all out to short the financial, Internet,
one who knew you best was indeed
as Jasper knew Soros, Soros also knew
that Jasper could not protect the entire A-share market at this time, and he could only
market, the most important were those cornerstone industries. When it came to the Internet and finance, they were not so
of JW’s assets
finance, and real
you to the ground and see if you want to
order, a huge amount of capital began shorting these three sectors. Countless stocks were being shorted frantically as
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