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Chapter 1427: Chapter 1273: Useless Attack
More than forty.
High?
Not really.
Although.
At this moment, Myanmar Environmental Technology Company’s market value has already breached one trillion Asia Dollars, but if you look closely, the ten percent of stocks going public only accounts for just over one hundred billion Asia Dollars.
Converted into U.S. dollars.
The entry funds are less than twenty billion.
It’s not really a lot.
And the international capital that is optimistic about this company, how could they possibly have just this little money? In the future, as the subprime crisis spreads globally and the need for funds to avoid suspicion grows, more and more capital will flow here.
Forty.
It’s not even a starting point.
Add a zero.
That’s closer to it.
According to Tang Qing’s knowledge.
There’s a massive amount of capital observing and eager to dive in to diversify risks through investment. Before the end of the year, they will enter the market one after another. By that time, the stock price rising to one hundred Asia Dollars is just a matter of time.
However.
Recently.
The price will show a volatile trend.
Some might be curious.
Why aren’t institutions crazily accumulating shares at this time? Pushing it to seventy or eighty? The reason is obvious—manipulation. If the stock price is driven up now, it would be very unfavorable for them later on.
High stock prices.
Will undoubtedly increase their cost of stock accumulation.
It’s better to rise steadily, take it slow; volatility can gradually eject some investors with less resolve, less substantial capital, or those looking for short-term investments, and reshuffle the deck.
Then.
Start over.
It’s not about seeing the prospects.
And recklessly driving up the price.
Such technique-lacking manipulation wouldn’t do justice to their reputation; it’s a good thing they haven’t opened accounts to foreign investors, otherwise, their plans would have to change.
Because.
Those cured by Myanmar’s treatment.
Have great trust in this place.
Even if just to show support, there would be significant irrational capital entering the market, possibly pushing the stock price to one hundred Asia Dollars by now, which would make it difficult for institutions.
This.
Is also not commonly seen in other countries and stock markets. To reduce a single entry of capital, those institutions constantly recommend other Myanmar company stocks to their clients, resulting in most Myanmar stocks trading in the green these last few days.
These people.
Are directly influencing the trend of Myanmar stocks.
Tang Qing.
Sees this very clearly.
Stock market.
The biggest players are still these institutions and companies; an individual’s power is very small in comparison. As long as things go in the direction he has set, he doesn’t mind if his stock market is manipulated.
It actually saves some trouble.
And.
He has the right to establish the rules of the game.
That’s enough.
...
October twenty-first.
Evening.
At Wei Jun’s home.
Tang Kai and Wei Jun are celebrating their victory; up to now, each of their investments has yielded returns of more than double, with most of the profits coming from Myanmar Environmental Technology Company.
Since they all have certain connections with Ling.
As a result.
After the Myanmar stock market opened.
They didn’t sell off the stocks of other companies they held but instead readjusted their capital and operations. Otherwise, if you sell right when the market opens, causing the stock price to drop, it would look too unappealing.
They’re not lacking those few billions.
No need.
"Tang Uncle, do you think there’s a possibility to surpass Hong Kong here?" Bao Kaiyu asked.
In just a few days.
He, like Chai Ren.
Started calling Tang Kai, "Tang Uncle," believing Tang Kai had earned this title. His influence here is truly significant—a person concurrently serving as the leader of the Chinese Chamber of Commerce in two different countries.
That’s no simple feat.
The Tang Family.
It’s not just about wealth.
It also brings with it matching influence and connections.
"I say I have it, do you believe me?" Tang Kai smiled.
"Believe."
Bao Kaiyu nodded without hesitation.
"Thanks, but in the short term, compared to the financial openness of Hong Kong, there is still a gap here. However, even if it is closed, its charm cannot be concealed. The path it takes, I believe, is a brand new one."
"This year, a think tank in the United Kingdom released the Global Financial Centers Index, ranking 46 financial centers worldwide. Among them, Hong Kong is only behind New York and London, ranking third in the world."
"Xin’an City may possibly make it onto the list next time, and I believe the ranking will not be very high, but it has advantages other financial centers cannot compare with, such as strong management."
"A city that loses the power to maintain public order may seem free, where people can do whatever they want, anything, unconstrained by the law or judgment, but it’s precisely for this reason, it isn’t preferred by those who favor order."
"The majority of people, or rather, the majority with something to lose, crave order, and here it exists, its closure and management both much stricter than other financial centers."
"If it were up to me, I’d rather keep my money here than in New York or London. It’s only starting now, but in the future, it will surely shine a light that captures the world’s attention."
Tang Kai spoke with conviction.
These words.
Actually, they were not his own, but given by Tang Qing during a phone call a couple of days ago. Words from his nephew were bound to be reliable; so far, none of Tang Qing’s predictions had failed to come true.
These words.
They also resonated with a few people.
Capital.
Does not always love taking risks.
"Commander Wangsa, we will return to our country tomorrow. Next time I come, we’ll have a good drink," Chai Ren raised his glass, having been here almost a week, and he couldn’t stay much longer with his own matters to handle.
"Deal. Next time you visit Thailand, just say the word, and I’ll arrange it."
Wangsa also smiled and raised his glass. He was more than willing to form deep bonds with these young men of wealth; the family’s strength was enormous, but personal connections also decided one’s status within the family.
Previously.
He was just a second-generation rich kid dumped at the border.
The family thought.
He was engaged in things that couldn’t be brought to light.
But now.
Things are completely different. The former small powers have now seen their leaders step by step become President of a nation, and his status naturally soared as someone who had multiple encounters with Ling.
Position.
Given by the family.
But status.
Earned by oneself.
Wangsa liked this feeling.
Friends.
The more, the merrier.
"Definitely."
...
South Korea.
Busan.
KPY Building.
Kim Siwoo stood in front of the floor-to-ceiling windows in his office.
The sunlight outside was splendid, but his heart had been downcast with a week-long heavy rain ever since Myanmar Bank announced it had over two thousand tons of gold, and the rain persisted.
Thought public opinion would work.
But.
He realized.
Public opinion can at best bamboozle the average person. Mislead the uninformed masses into setting the rhythm, while those who consider carefully before acting simply ignore it. These are the people who wield the power to influence everything.
His media attack.
Completely disregarded by the other party.
Even.
Within Myanmar.
Hardly any citizens know about the international media’s overwhelming skepticism towards Myanmar Bank’s gold reserves, the ’overvalued’ impression of Myanmar stocks, the fragility of Myanmar’s financial system, and the closures of its business environment.
The significance of public opinion.
Lies in influencing the rule-makers of that region.
But.
All this public opinion.
If they can’t even enter, what’s the point? Myanmar’s news censorship is not just on TV and print media but also on the internet. Agitational information hardly survives more than half a minute.
All attacks.
Blocked outside the border.
Utterly disregarded by them.
Not a word of explanation.
What has he been doing all this time?
Playing the clown?
