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Chapter 1238: Ready to snipe the Hong Kong dollar
"This time is completely different from shorting the Thai baht. Shorting the Thai baht is hoping to detonate the Asian financial crisis. Although everyone has lost a little, the recent price of the Thai baht has fallen. Calculated by gdp, they are expected to decline by about 20% this year. We The goal is successful, this time not only us, but also Europe will give a lot of support." The person from the Federal Reserve said.
"How much support? How much do we need to contribute? How many Hong Kong dollars are there in the world? After July, how determined will the mainland be to rescue the market?" Soros asked.
"Currently the mainland's foreign exchange reserves are 140 billion U.S. dollars. Judging from their annual consumption, the minimum is 50 billion U.S. dollars. This year, the international commodity prices have risen, and their internal factories have a large import volume. The purchase of high-end manufactured products from abroad is estimated to be 60 billion to 80 billion U.S. dollars!"
"Shorting the Thai baht has only used tens of billions of dollars in total. This time, with the support of many European countries, the short-selling power can reach 100 billion U.S. dollars. There is no problem in smashing the Hong Kong dollar! This is also the last blow against Asia, from 1996 to the present , it took too long."
"We need to complete some strategic tasks, but we can't invest too much. Huaxia is not yet a major competitor. We have already done what we need to do, and we have basically achieved what we want. So the next step is to talk. Before the talk, we need to get Get some chips and prepare for the next exchange of visits!"
Hundreds of billions of dollars to short the Hong Kong dollar, even if you see a lot of Wall Street companies with a lot of money, this figure is still horrifying.
Several heads of Goldman Sachs and Morgan exchanged ideas at the scene, thinking that this matter is much more reliable than shorting the Thai baht. The scale of shorting at the level of 100 billion is definitely not something that ordinary countries can afford.
"I think this can be done. First of all, the hollowing out of Hong Kong's industries is a fact. The Hong Kong dollar is pegged to the US dollar. Hong Kong's financial industry has more bubbles. Whether it is the mainland's foreign exchange reserves or Hong Kong's financial industry, it needs to be shorted at once! "
Everyone was chattering, talking about how much money they could earn if the short selling was successful this time. Soros knew that Lu Feng had now moved to Xiangjiang. He was really worried about Lu Feng. Everything was planned so perfectly. Lu Feng was killed halfway, and the collapse of the Thai baht was a certainty.
Even though it has collapsed now, he has lost so much money. During this time, he has been explaining to the investors, and finally calmed down the investors. Now the opportunity for revenge has come.
With the short-selling power of hundreds of billions and the power of international hot money, not to mention a small Lu Feng, even ten Lu Fengs are vulnerable.
"This time, Goldman Sachs will take the lead, and others will cooperate. We will contribute 50 billion Hong Kong dollars, and the major banks will be responsible for the fundraising. The interest on the lease contract should not be too high, so as not to take too long." The person in charge of the Federal Reserve looked at Soros asked: "Will the Quantum Fund participate?"
"Join!" Soros replied.
As the meeting dissipated, everyone went back to prepare one after another. Many of them were gearing up and increasing their leverage to prepare for a big fight, but Soros was hesitating.
"This is an excellent opportunity for us!" Robertson said to Soros: "The short-selling power at the level of 100 billion is no longer dominated by a small person like Lu Feng, and it is not even able to compete with Huaxia behind him. Shorting the currency is robbery!"
"I'm still thinking, the funds that popped up in Europe last time were traced and found that some funds came to Africa. Don't forget that China is a sovereign country." Soros worried.
"Remember, there used to be two sovereign countries in this world, but now there is only one left!" Robertson said confidently, "I don't know how you deal with investors. Tiger Fund is under a lot of pressure. I must It is necessary to bring back the net value of the fund.”
"Let's look again, I will never increase leverage, it's too crazy." Soros still knows a little about China, he is a very cautious person, whether it is investing in currencies, futures, bulk or other things.
He believes in one thing, that is, there is no 100% thing in this world. When someone tells you that this thing is 100% profitable, you have to be careful, and the risk may be hidden in places you can't see.
Soros looked at Robertson who was going away. He knew that this person was on the top. He was eager to bring back the net value of the fund and give investors an explanation. The most important thing for an investor is a clear mind. , that is a beast waiting to be slaughtered.
When Soros returned to the company, after much deliberation, he decided to consult someone who was familiar with Huaxia, and he happened to know such an old friend, who was definitely at the level of China Hand.
After calling, the assistant helped to make an appointment. A few hours later, the two sides agreed to talk on the phone, and Soros talked about the matter back and forth.
"You want to ask me, what is the probability of success in this matter?" said the other end of the phone.
"It's not just Lu Feng behind the Thai baht incident. I think Huaxia is also involved. Now that I'm facing them officially, I personally feel a little uncertain." Soros said truthfully.
"I think the probability of success in this matter is no more than 10%. Even if the short sale is successful, the benefits will never be on you. They will seek other benefits. In exchange, according to my understanding, it must be an international With the support from the top, the people below the two sides communicate very frequently, Huaxia wants to join the WTO, and this matter has been mediating."
"What they want is a strategic balance, nothing more than the fear that this country will fall to Russia. Our vice president also said that falling to Russia is an extremely wrong decision, but they are imposing oppression in the Asian waters. These conditions are unacceptable to China. of."
"Both sides are looking for a balance point. Huaxia hopes to develop, and we are seeking absolute status in Asia. This is the current form. Then the Huaxia I know cannot surrender. Xiangjiang has just returned. Doing this kind of thing will encounter strong resistance from the other side. Yes, that's why they tell you why it should be done by October, I believe they have a time plan."
"If you want Huaxia to make international concessions, you need to give practical benefits. Whether it is the Asian waters or the Thai baht incident, the impact will not be great. After spending so long in Asia, they are unwilling to invest too much. If you want me Look, it should be in October. To be honest, this is really a matter without strategy!"
Soros already understood in his heart that companies like Wall Street were responsible for the charge, and even if the Hong Kong dollar was breached in the end, he would be a sucker at best, and the most profitable exchange would be at the top.
But once you fail, you lose yourself.
"Thank you for bothering you!" Soros said politely.
Afterwards, the two sides communicated a few more words about the situation in the mainland, telling the other side that the mainland is a sovereign country, and secondly, they have financial controls. They are definitely not places like Thailand and Xiangjiang where capital flows in and out. Every money has approval, plus they Now we have good relations with some countries. At critical times, we can issue treasury bonds and borrow dollars from other countries.
This also means that once the fight starts, people can play with you to death, and anything Washington says will be regarded as fart there.
After hanging up the phone, Soros already understood in his heart that he must rush this time, but not in a daze!
You have to charge because this is a mission, and you can't rush because the firepower over there is strong. If you charge too far, you will definitely die first.
On the same day, Quantum Fund submitted the report, saying that most of its funds were in futures and commodities. In addition to the previous loss in Thai baht, it can only take out 500 million yuan. Get Hong Kong dollars worth five billion US dollars.
Goldman Sachs was not very satisfied with this figure, so they called and chatted a lot. Tiger Fund took out a principal of 2 billion US dollars and increased leverage by ten times, and the total amount reached 20 billion.
Soros said that he has tried his best, and besides such a large amount of funds, he is not short of his own money.
Xiangjiang, Lu Feng's life has become more relaxed. The news in Xiangjiang is like a hurricane. Today everyone is watching Zhang San not wiping his **** when he goes to the toilet. Tomorrow, he may be busy with Li Si and his daughter-in-law.
There were also quite a few invitations to dinner parties, except for some important dinner parties in the financial industry, basically they were all rejected.
In order to learn more about semiconductors, he recently bought a lot of books, and at the same time, he also found a few tutoring classes to learn about the semiconductor industry, so as not to chat with Liucheng sometimes, and people don't know how to report to him.
Manager Liu's small team of ten people is very comfortable. Every day at work, he just keeps an eye on the stocks of United Capital, makes a weekly report every week, and does not do transactions.
The ten people felt panicked when they were idle, and UU Reading www.uukanshu.com was afraid that Lu Feng would not pay wages when the day came. Last time Lu Feng only talked about building a warehouse, but he didn't say how many bottom positions he bought. The ten people chatted for a while, I think it's better to call and ask.
The lithography principle of semiconductors was being discussed on the podium when Lu Feng's cell phone rang, and more than 30 people from a remedial class stared at him.
"Excuse me, I'll answer the phone!" Lu Feng smiled awkwardly, stood up and walked out, answered the phone and said, "Who is it? I'm in class now!"
"Mr. Lu, it's me, Xiao Liu. Last time you said to build a warehouse, how much should you buy for the bottom warehouse?"
"Buy a hundred shares! That's it, hang up!"
After Lu Feng finished speaking, he hung up the phone and went back to continue the class. The teacher on the podium looked at Lu Feng and said, "Mr. Lu, try not to answer the phone. It will affect other students. They all want to take the Ph.D. exam!"
"I'm sorry, to express my apology, students can come to work in our company after being admitted as a postdoctoral fellow!" Lu Feng smiled at everyone.
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