Feng Yu thought the Quantum Fund would attack Malaysia next as Malaysia, Singapore, and Thailand are the closest in the region. But Soros had picked the Philippines.
It was the same modus operandi where Soros will suppress the stock market and Forex market at the same time. But this time, Fu Rongqi had joined in, and the Philippines’ currency plummets in no time.
SGD had fallen slightly, but the drop was not a lot. Many experts claim that Soros’s strategy will fail in Southeast Asia.
But the experts were wrong!
Within ten days, the Philippines Pesos had plummeted, and the Philippines followed Thailand’s footsteps by switching to Floating rates.
Three days later, Pesos fell by 30%!
……
“Nephew Feng, Malaysia will be the next target, right?” Fu Rongqi raised his champagne glass with a smile.
“I think so. Uncle Fu, did you make high profits this time?”
“It’s more than I expected, but my profits should not be as high as you.” Fu Rongqi does not know how much funds Feng Yu had used to attack Southeast Asia. But he estimates the total amount used by Feng Yu should be more than him.
Fu Rongqi also noticed that when he was shorting Pesos, there are already many large amount short position orders. These orders should be from Soros and Feng Yu. He suspects those high leverage orders are from Feng Yu.
During the Gulf Wars, Fu Rongqi noticed once Feng Yu decided on something, he will go all out.
Although Feng Yu had hedged against his futures contracts, the amount used is very little.
The difference between Feng Yu and the rest is Feng Yu did not buy in Short-position future contracts when they are suppressing the currency. That means the price stated in Feng Yu’s futures contracts are much higher than everyone else.
Fu Rongqi did not know that Feng Yu had used his hidden funds to build up a significant amount of Forex Future contracts earlier, and his returns are much higher than he expected!
Fu Guangzheng is grinning from ear to ear. He had used all his companies’ shares to get loans and handed all the money to Feng Yu for him to invest. His money in Hong Kong is handed over to Fu Rongqi.
That means Fu Guangzheng had made money from both sides and is making more money than the rest of the Fu Family members.
Most importantly, Professor Liang is getting closer to him, and Liang Yin is friendlier to him. Fu Guangzheng felt he stands a chance to be with Liang Yin now, and his father and Eldest Uncle supported him.
The Fu Family does not need to have political marriages with other businessmen. In Hong Kong, or even China and Asia, the Fu Family is one of the top families. What’s important to them is talents!
Professor Liang is a talented financial expert and is a respectable professor. Although his wealth is not more than 100 million, his reputation is worth more than that.
Furthermore, the Fu Family likes Liang Yin. Liang Yin is not like the unreasonable women from influential families and is very pretty, educated, and graceful.
Most importantly, Fu Guangzheng had changed a lot for Liang Yin.
“Brother Guangzheng, how is your Guangzheng Fund doing? It should be making quite a lot, right?” Fu Guangwei asked.
Fu Guangwei regrets not coming up with this strategy. Giving investors a guaranteed return and raising funds from them. After that, he can just sit back and collect commissions from the investors.
But Fu Guangwei heard that Wind and Rain Consulting Firm charges higher commissions, but more people prefer to put their money with them.
Fu Guangzheng smiled. “Because the fund is managed by Professor Liang and he had to protect our Hong Kong financial market, that’s why the profits are not a lot.”
Even if the profits are not a lot, there are still profits, and the profits are from using other people’s money to invest.
“Nephew Feng, how much do you think Pesos will fall?” Fu Rongqi asked.
“It should be around 35% to 40%. It might plummet by more than 40%, but that can’t happen this year.”
All of Feng Yu’s future contracts had to be settled this year, and most of them are due in October.
Based on Feng Yu’s past life memories, Soros will attack the Hong Kong financial market in October. This is the reason why Feng Yu must prepare sufficient funds in October.
Although Feng Yu’s profits will be lower, he can still buy future contracts later. Once Soros becomes arrogant and thinks he can attack any country in Asia he wants, it will be the time when Feng Yu gives him a heavy blow!
Feng Yu’s forecast is about the same as Fu Rongqi’s team. Fu Rongqi felt Pesos should fall by 35%, as it had fallen by 30% yesterday. Although Pesos had recovered slightly today, he firmly believes that it will reach 35% within this week.
SGD rate continues to fall because of Pesos.
……
The next day, Soros called Feng Yu to inform him to attack Singapore and Ringgit tomorrow. They will be doing the same thing, where Feng Yu will focus on suppressing the Stock markets, while Soros will attack the Forex markets with his men.
No matter which side fell, there will be a chain reaction, and they will have high returns.
Feng Yu immediately inform Fu Rongqi to get ready, and he settled some of his Pesos and Baht contracts.
Singapore had implemented a series of measures to protect their financial market. But Soros and his men are prepared, and it’s useless.
Of course. These measures are useless because of Pesos crashing. These countries had close economic ties and will affect each other’s economy.
These countries have lesser allies now, and the amount they had to face is getting larger.
“Feng, why is Ringgit not crashing? How many days has it been?” Kirilenko complained.
Feng Yu rolled his eyes. It’s only a few days, and you expect a country’s currency to plummet? It’s not so simple! Although more funds are attacking Ringgit, it will not happen within a few days!
“Wait a few days more. Malaysia’s foreign reserve should be empty.” Feng Yu replied calmly.
Kirilenko smiles. “I know you will settle this. Where are we attacking next? Taiwan or Indonesia?”
“I would prefer Taiwan. But Soros will surely pick Indonesia as the next target.”
“I am fine as long as we make money.” Kirilenko laughed.
“Brother Ki, can you remember what I had told you? If Soros scored a huge victory in Asia, he would surely attack Russia. Can you still remember the choices I told you?”
