The person in charge of this operation against Xiangjiang was Jacob Rothschild.
The number of participants was not large, but each was a powerful individual.
The main force was, of course, capital from the United Kingdom.
After all, Hong Kong is still under British jurisdiction, and only by uniting with enough forces from the British mainland can the Rothschild family successfully execute the plan.
In a secret manor house near London, more than 20 people gathered together: Jacob Rothschild, Evelyn Rothschild, Nelson Longo, Terence Warburg, Steve Calvin, Xize Hobart, York Randolph, Eric Schroeder, etc.
The meeting was chaired by Jacob Rothschild.
Without much ado, after making sure everyone was present and that everyone had the information, Jacob Rothschild began the meeting.
'Everyone, we have gathered today to sort out the current situation of the implementation of the plan and to discuss the next move.'
'According to the information I have gathered, the current atmosphere in Xiangjiang is very strange. Our opponents must have discovered the abnormality and must have taken countermeasures.'
'However, due to the particularities of the Hong Kong financial market, we have shortcomings in terms of financial information control. Not only is the information relatively delayed, but the most critical problem is that we cannot grasp the most accurate data.'
'Everyone, please read the information in your hands first, and then express your views.'
'If you feel that the information you have is different from the intelligence I have collected, please raise it for verification as soon as possible to eliminate the risk...'
'Swish...'
After Jacob Rothschild finished speaking, everyone at the table nodded, then opened the information and read it carefully.
Very quickly.
Everyone finished reading the information in their hands. Many of them frowned, as the content of the information obviously made them feel bad.
'Jacob, the daily trading volume in Xiangjiang this week has exceeded 10 billion Hong Kong dollars, and the transactions are very complicated. The information you have collected here still has many ambiguities, which greatly affects analysis and judgment.'
Eric Schroder, the president of the Schroder Group and the head of the Schroder family, couldn't help but complain.
The Schroder Group was established as early as 1804 and has always been controlled by the Schroder family. It is a top British asset management group.
It is worth mentioning that the Schroder Group has long taken root in Hong Kong, especially in 1971, when the Schroder Group specifically established a subsidiary in Hong Kong, Baoyuan Investment Management Limited, which has been providing services to institutions, pension funds, private clients and mutual fund investors in Hong Kong.
In terms of understanding Hong Kong, the Schroder Group can be said to be the leader among the more than 20 companies present.
'Eric is right, and the information here is not detailed enough. For example, there is no information on the objectives of our Golden Forest Asset Management operations, so it is impossible to compare the accuracy of the information.'
Xize Holbert, President of the British Golden Forest Asset Management Company, also raised questions.
'Yes...'
Soon, several other people stood up to voice their opinions.
Jacob Rothschild was not angry. After patiently waiting for everyone to finish, he said calmly, 'I am aware of these problems, and this is the fundamental reason why I have specially organised this meeting tonight.'
'The Hong Kong Stock Exchange is controlled by the Jiuding consortium, and they have a home field advantage. This is an unchangeable fact.'
'The information we have now was only collected because we bribed a traitor within their ranks. Unfortunately, the Hong Kong Stock Exchange has very strict information management, and it is difficult to obtain all the information.'
'Jacob is right, so please understand,'
Terence Warburg said with a smile, which eased the atmosphere considerably.
After the death of the head of the Warburg family, Simons Warburg, a few years ago, S.G. Warburg was taken over by Terence Warburg, who was only a fraction as capable as his father.
However, Terence Warburg also followed the instructions left by his father before he died to further deepen the relationship with the Rothschild family, so the conservative generation of him looked up to the Rothschild family on many occasions.
It must be said that this is a weakening for S.G. Warburg, but for the Warburg family, this is a relatively safe approach.
'Let me go first.'
'On our side, the total amount of the signed VAM agreements reached 51.34 billion Hong Kong dollars, of which 22.73 billion Hong Kong dollars worth of stocks have been sold, and the rest are still in our hands.'
Jacob Rothschild gave a sample and revealed the secret data.
However, he still concealed some data, such as the floating profit.
In the past two months, the Hang Seng Index has risen, and so have most individual stocks. The Rothschild family has successively borrowed stocks for the bet, and has been selling them little by little in the past two months.
The HK$22.73 billion worth of stocks he mentioned that have been sold are only calculated based on the stock price when the bet was signed. If calculated based on the funds returned, it is definitely more than HK$22.73 billion.
Otherwise, the Rothschild family would not have been busy for the past two months.
Profit is a matter of individual achievement. The purpose of joining forces is to act and win, but there is no saying that profits must be consolidated before redistribution...
'We at Cerberus Capital have signed a total of HK$22.19 billion worth of VAM agreements, and have currently sold HK$8.48 billion worth of shares, liquidating 38.2%. The pace has slowed considerably,'
said Steve Calvin, the second to speak.
Someone immediately recorded these data.
'We, Longao Asset Management, entered the market a bit later. We hold a total of HK$15.87 billion in stocks, and have currently sold HK$5.11 billion, leaving nearly 70%.'
Nelson Longao shook his head helplessly and said.
The Longao Asset Management Company, controlled by the Longao family, also has a very long history. Founded in 1796, it is a top-tier private investment bank based in Geneva, Switzerland.
'Our deep-sea fund...'
'...
After more than twenty people had finished speaking, the latest statistics came out.
They had short-sold borrowed stocks and bonds worth a total of 231.84 billion Hong Kong dollars, and had sold about 40.8% at the current high. They still had 137.25 billion Hong Kong dollars' worth of stocks in their hands.
Needless to say, this batch of stocks was definitely worth more than 140 billion Hong Kong dollars, and it would be very difficult to cash them all in!
Jacob Rothschild had a headache after hearing this figure.
He looked around and said with a grave face, 'Gentlemen, it seems that our plan is not going well.'
'With so many shares still in our hands, if our key plan is activated, even if it succeeds, the profit we can get will be too small.'
They had only sold shares worth more than 90 billion Hong Kong dollars, and even if the Hong Kong stock market halved, and they successfully bought back the borrowed shares at the bottom, the profit would only be more than 40 billion Hong Kong dollars.
There are more than 20 short sellers here, and each one only has an average of about HK$2 billion.
What's more, this is not even an average figure. After all, the Rothschild family alone accounts for nearly a quarter of the shares. All the other short sellers are relatively small in scale, and it would be good if they could make a profit of a few hundred million Hong Kong dollars.
This profit is too disappointing for the crowd who gathered here with high expectations.
'Jacob, although trading is very active in the Hong Kong stock market right now, there are too many smart people. Apart from us, there are many institutions selling stocks, which makes it very difficult for us to sell.'
'The Hong Kong stock market must stabilise now, otherwise if it collapses, then with all the stocks we hold, we will have to use all our current profits to cover the losses, and we might end up losing money instead!'
York Randolph, the president of the Dutch deep-sea fund, reminded him with a grave face.
'Yes, our current plan must be kept even more secret, and we must not trigger it for the time being.'
'We need enough time to sell most of the stocks.'
'Of course, we also have to change our previous plan of a steady exit, otherwise we will let other institutions take the lead for nothing.'
'However, this is very difficult, and we need everyone here to agree on it to avoid infighting.'
'I agree!'
'I agree too!'
'Agreed!'
'...'
When it comes to their own interests, everyone agrees.
However, this has transferred all the pressure onto Jacob Rothschild.
He had planned to act as soon as possible to avoid any further complications and give Xia Yu more time to prepare, so that the lightning raid would not turn into a protracted battle.
However, the current situation was a bit tricky.
If he knew that their escape had been so unsuccessful because Xia Yu had snatched 47.291 billion Hong Kong dollars' worth of stocks, he would be furious!
For a moment, faced with the many burning gazes, Jacques Rothschild could only cross his arms, close his eyes and ponder.
There was a sudden silence in the room...