Jake clearly understood something and warned Baz. Baz hurriedly nodded like a chicken pecking at rice.
The 600 billion capital brought not only changes in the capital itself, but also brought heightened confidence. This 600 billion, plus the meaning behind it, was enough to give Jasper unparalleled confidence.
At this moment, favonovel.com was no longer even the boss of JW, but to some extent, the representative of the will of the country.
It was this change in identity that brought about a subtle change in Jasper’s mentality. And the most direct manifestation was that Jasper‘s decision-making became bolder and more radical than before.
Under the construction of the three lines of defense, the domestic A-share market immediately stopped plunging and recovered.
Why did Jasper make the state-owned enterprises the core and was so determined to protect them?
Because the reality of the domestic economic situation right now determined that state-owned enterprises were the most stable rock. Capital could easily destroy, acquire, and destroy a private enterprise, but as a state-owned enterprise with special policy protection, it was in no way easily influenced by capital.
In addition to that, it was only 2001 and some large state-owned enterprises had not yet embarked on the road to capitalization, especially in key industries such as oil and communications. Even in 2020, the state had not allowed capital to enter and the state would represent all of the state-owned enterprises. Therefore, to protect the market, one must first protect state-owned enterprises.
If a state-owned enterprise stood tall, then the A-share market might come back to life.
This was also under the special domestic system. Although state-owned enterprises had rigid management and lagged in responding to market changes, they had brought benefits under various negative conditions. The policy was the imperial edict in the country.
What Jasper had to do now was to thoroughly stimulate the power of the national capital through the blind worship of state- owned enterprises by the people in Somerland.
Once the power of a country with a population of more than one billion which had already achieved initial economic results through the reform and opening up exploded, it was definitely not something that Soros could compete with.
Through the long fight, Soros, who knew Jasper‘s style very well, immediately smelled the changes brought about by Jasper’s completely different strategies and reactions this time.
“Something’s not right.” Soros’s eyes were fixed on the market.
At this moment, the grand scene of the limit down of thousands of shares had eased and there were even a few of the heavy-asset state-owned enterprises that had begun to slowly rise in stock price, but this wide-ranging and wide-spreading method was definitely not Jasper’s style that Soros was familiar with.
“This might not be Jasper’s decision. Did Swallow Capital finally deploy someone?” Soros muttered to himself.
In this critical moment, Jasper losing Swallow Capital’s trust would be the greatest advantage to Soros. He was already familiar with Jasper’s methods. If this one someone else, there would inevitably be the challenge of getting to know their style again. However, Soros was confident that no one would be more annoying than Jasper.
“Sir, at least 200 billion Somer Dollars in cash and hot money was poured into the Somerland A-share market and is now supporting the A-share market.”
The reports of his subordinates confuse Soros.
“200 billion. Is there any new announcement from the Somerland government?” Soros asked.
“No… Oh no, Somerland’s Ministry of Finance and Central Bank has just issued a joint announcement!”
