Chapter 934: 934
Chapter 934 – Choices
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 .
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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 .
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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 .
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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 .
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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?”
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