Hong Kong's new giants

Chapter 632 [Big Battle 1]

Entering summer, the economies of China's surrounding countries shrank sharply.

The yen fell again and again, causing great pressure on the Hong Kong dollar and the RMB;

The Indonesian crisis continues;

financial turmoil in Russia;

In Hong Kong, there are signs that the upcoming unemployment rate and interim results of listed companies are extremely disappointing.

"It is reported that Mr. Dai, the president of RM Bank, said that the RMB will depreciate slightly," said a dealer at Sakura Bank in Tokyo.

All of a sudden, news unfavorable to the RMB came one after another, and people began to wonder how long the RMB could last.

Speculators rumored that "RMB depreciation" is Xiangzhuang's sword dance, which is aimed at Peigong, and Hong Kong is also Peigong.

The depreciation of the RMB is bound to deal a heavy blow to Hong Kong's linked exchange rate system.

This news further stimulated Hong Kong's stock market and foreign exchange market, coupled with the softening of the New York stock market, the daily drop reached 299 points, and will continue to decline; the new Japanese government is unable to recover, Hong Kong listed companies have announced interim results one after another, and bad news has followed. , Cathay Pacific lost money for the first time in more than 50 years, and the profits of Swire and HSBC fell sharply; rumors abounded in the Hong Kong market, and the wind was jittery, making investors panic.These have undoubtedly become signals for international financial speculators to attack Hong Kong.

Starting from August 8th, several European and American investment banks and hedge funds simultaneously attacked the Hong Kong foreign exchange market, stock market and Hang Seng Index futures market, selling Hong Kong dollar and Hang Seng Index futures frantically in Hong Kong.It is reported that its elite team is the largest hedge fund in the United States under the command of Wall Street speculator George Soros - Quantum Fund. On the 5th, more than 5 billion Hong Kong dollars were sold in the Hong Kong market; on the 200th, another more than 6 billion was sold.

According to the plan of Soros and others, first sell the Hong Kong dollar short in the foreign exchange market, forcing the Hong Kong Monetary Authority to adopt the old trick of raising interest rates, and thereby suppress the stock market.

As interest rates rise, the stock market is bound to fall.

The HSI futures will also decline simultaneously, and then speculators can short-sell the HSI futures at a lower price in the futures market, and both the foreign exchange market and the stock market will profit.

The ulterior motive lies in the Hang Seng Index futures.What is the reason?

Investors buy and sell Hang Seng Index futures to buy and sell the rise and fall of the Hang Seng Index on a certain date in the future (that is, the delivery date of the contract). The price of each Hang Seng Index futures contract is the Hang Seng Index on that day multiplied by 50 Hong Kong dollars.Every time the Hang Seng Index falls by one point, the buyer of the futures contract loses HK$50 per contract, and the seller earns HK$50 per contract.According to this calculation, if financial speculators sell a Hang Seng Index futures due in August when the Hang Seng Index is 10000 points, and then try their best to knock down the Hang Seng Index to 8 points, the speculators will buy this contract to close their positions. You can make a profit of 6000 yuan.

If the speculator has 20 contracts, the return is [-] billion yuan.Such a high return made financial speculators try their best to suppress the Hong Kong stock market and the Hang Seng Index at any cost.

……

Friday, April 8.

At four o'clock in the afternoon, Lin Zuhui looked at the Hang Seng Index on the computer, and it was fixed at 8300 points.

"Amazing, these people!"

Lin Zuhui lamented that recently, these international speculators have spread rumors about Lin Zuhui's companies, causing the stocks of Lin Zuhui's companies to fall sharply.

For example, international speculators spread rumors that 'New Era Group invested huge sums of money in shipping, just in time for the cold winter of shipping', 'New Era Group's recent large investment was a wrong decision'...and, the mid-term The performance is indeed much worse.

In short, under the impact of countless rumors, many investors have lost their mentality; the final result is that they are selling stocks following the general trend, and only a few people are still persisting.

Lin Zuhui turned off the computer, tapped on the desktop, and thought about the problem.

At this time, his family office still has 300 billion funds left to buy. At the same time, he has changed his mind, that is, to use the 300 billion funds as ammunition to help the Hong Kong Monetary Authority completely defeat international speculators on the Hang Seng Index Futures Index .

Because, only by making the international speculators lose "huge", can Xiangjiang have the energy to develop the economy, otherwise, it will be in constant fear.And Xiangjiang is Lin Zuhui's base camp, he must not hesitate.

Even the more than 500 billion funds invested by Hengjin are on standby at any time.

Based on some information, he deduced that the average index of international speculators shorting the 'August Hang Seng Index' would probably be a little bit around 8500 points.

Therefore, once the Hang Seng Index closes below 8 on August 28, they will make a profit.

The goal of international speculators should be to suppress the Hang Seng Index to below 8 points on August 28, and then each futures index can make a profit of more than 5000 yuan. They probably have tens of thousands of futures contracts in their hands.

So when will the Hong Kong government intervene?

According to some experts' speculation, the Hang Seng Index's fall to 7000 points will be the lowest limit that the banking system can bear.

According to expert analysis, if the stock market and real estate market fall further, banks will have no choice but to sell a large number of relevant mortgage assets, which will set off a vicious sell-off wave in the stock market and real estate market. Facing the fate of bankruptcy.One hair will affect the whole body. Once some banks start to fail, Hong Kong's banking system is bound to suffer a fatal chain blow.

Therefore, the Hong Kong government must intervene when it is around 7500 points, otherwise it will be dangerous.

Originally, because several companies under Lin Zuhui supported the market, the Hong Kong government may not have considered directly interfering with the stock market.

But now, when rumors spread in the market, the five companies under Lin Zuhui also began to plummet, so he had to consider directly interfering with the market.

After all, this wave is coming fiercely, and international speculators have obviously launched a 'decisive battle'.

The Hong Kong stock market has been strongly suppressed both externally and internally.

……

In the evening, Mr. Dong held a press conference.

"Maintaining the exchange rate is the Trump administration's most steadfast policy."

"If anyone thinks that we will waver, they are wrong! We are absolutely capable and determined to maintain the peg, and we will do it. Maintaining the peg will ensure Hong Kong's long-term economic vitality and interests, and short-term pain is acceptable "In the end, Mr. Dong said solemnly with a rather tragic look.

Why do you say that maintaining the pegged exchange rate will cause short-term pain?

The reason is: Ren Zhigang, the president of the Hong Kong Monetary Authority, was dubbed by the public opinion as "any trick", which means that every time financial speculators kill the generals, the only trick the HKMA can do is to raise interest rates and increase the cost of financial speculation to resist. The sniping of speculators maintains the linked exchange rate.

However, the side effects of this method are becoming more and more obvious, and its lethality to the stock market and property market is too great.Because interest rates increase, investors will tighten their money, after all, loan interest rates are so high.

Without investors, the property market would be cold. Investors who held shares sold their stocks one after another to repay their loans, and no new investors entered the market to buy stocks.

……

The international crocodiles, in the central office building at this time, are also paying attention to the development of the matter.Because it was a decisive battle, Soros also personally brought his assistants to Hong Kong to oversee the battle.

After seeing Mr. Dong's speech on TV, Soros raised his wine glass and said to the crowd of investment giants: "Gentlemen, this time we have shattered Xiangjiang's confidence. The attitude of the new Xiangjiang leader has changed." It shows that they feel tragic even for themselves. Then, those investors have become frightened birds, as soon as we fired the cannon, they ran away in a swarm! Haha!"

A group of middle-aged and elderly white people laughed one after another. Anyone who saw that appearance couldn't help but hate it.

"In the previous three attacks, if it weren't for the support of several listed companies owned by the former richest man in the world, we would have broken through 7000 points. But now, we have defeated Lin Zuhui. The richest man in the world belongs to our Wall Street technology giant - Bill Gates Ci, then, this time, let's make his wealth shrink by half!"

"Ha ha"

Everyone laughed. At this time, Bill Gates was already a "technology giant" launched by Wall Street and the pride of Americans; therefore, they had long wanted to take off Lin Zuhui's five-year-long title of the world's richest man.

"Lin Zuhui, he is just a big real estate developer, how can he compare with a technology giant!"

"Exactly! His stock god doesn't live up to his name, it's just that he happened to meet our American Internet wave."

For a while, everyone shifted the topic to Lin Zuhui.

To be honest, Americans have always been worried about Lin Zuhui, the richest man in the world.

……

Time passed in a flash, and another six days passed.

Thursday, November 8.

On this day, the Hang Seng Index fell another 188 points to 7605 points.

The Hong Kong stock market is about to rain.At this time, "forecasts" such as "RMB will depreciate soon" and "Hong Kong stocks will fall to 6000 points" are flooding the media, which greatly shakes investors' confidence.If bad news comes from Japan and Russia, panic selling in Hong Kong stock market is likely to break out.

In the evening, the Hong Kong government held another press conference.

Mr. Tsang, the Financial Secretary, said in a press conference: "Hong Kong is not an automatic teller machine."

The scene is very symbolic, with Tsang Yam-kuen in the front, Ren Zhigang and Xu Shiren one on the left and one on the right, slightly behind, forming a stable and solid triangle.Ren is the Chairman of the Hong Kong Monetary Authority and Hui is the Secretary for Financial Services.They represent the determination of the Hong Kong government.

Tsang Yam-kuen's speech was stern: "The authorities have a lot of resources to repel speculators in one fell swoop."

A reporter asked: "The yen has fallen to an eight-year low. Will it put pressure on the Hong Kong dollar peg? Will the RMB fall?"

Mr. Zeng said: "Huaxia officials have made it very clear that there is no need to change the RMB exchange rate. There will be no pressure on the RMB to depreciate in the short term. But the fact that the yen is uncertain, we have known it for a long time, so there is no need to panic."

A reporter asked: "If hedge funds all over the world come to confront the Hong Kong government, does the Hong Kong government still have confidence?"

Ren Zhigang smiled and said, "We welcome you very much!"

Xu Shiren said: "We have no choice!"

……

The next day.

Lin Zuhui came to the family office and called investment manager Li Hao to his office.

"Today's financial management needs to intervene in the market, so the trading volume must be very large. You put out 100 billion of funds to help the Hong Kong government!"

Li Hao is originally from Xiangjiang, so naturally he said excitedly: "Yes! I saw the news of the Hong Kong government yesterday, and I knew that the Hong Kong Monetary Authority will definitely use foreign exchange reserves to enter the market. It seems that the Hong Kong government intends to raise the Hang Seng Index this month. More than 8500."

Lin Zuhui said: "I hope the Hong Kong government will do more. It is best to hit the international speculators hard, pull the Hang Seng Index to 9500 points, and completely end this economic farce. In the morning, let's not make a move. We must confirm that the Monetary Authority enters the market. "

Yes, it is indeed a farce!

In Lin Zuhui's view, if he uses all his strength, international speculators will lose all their underwear.

In the last month, Lin Zuhui and his company have rarely released any 'good news'. This is his strategy - to lure the enemy deeper.

And he personally has a cash flow of more than 800 billion Hong Kong dollars. At the same time, the cash flow of many companies can also be used as an activity to buy blue chip stocks.

Li Hao nodded and said, "Okay. Indeed, if the HKMA does not sell, our 300 billion can only resist a little."

Lin Zuhui said: "The government will not stop taking action, but they will not think that I will take action!" After finishing speaking, he couldn't help showing a smile.

Li Hao also laughed. He was the vice president of Hengjin Investment, so he naturally knew that the boss still had hidden strength.However, if the Hong Kong government does not take action, it is meaningless for the boss to buy heavily. After all, the Hong Kong stock market cannot be played by the boss alone.

……

this morning.

The Xiangjiang government made a sudden move, using foreign exchange funds and land funds to enter the stock market and the Hang Seng Index futures market to absorb massively, and the Hang Seng Index really counterattacked sharply.

this afternoon.

Lin's family office's tens of billions of funds began to be purchased through various channels, which instantly ignited the enthusiasm of the market.

Of course, at this time Lin Zuhui has multiple market-making channels in Xiangjiang, so it is difficult to know clearly that he made the move.

HKMA.

An assistant hurriedly came to Renzhao's office and said, "Mr. Ren, the sudden large amount of purchase orders in the market is not our funds!"

Ren Zhao was taken aback, and said, "How much is the bill?"

In his opinion, the power of private individuals can never be compared with the government, and it is even more unlikely that there will be a "gang buying" in Xiangjiang now. After all, the major chaebols in Xiangjiang cannot protect themselves, except for that one.

The assistant said: "It is very large, with a scale of billions per hour, and the market is made through channels such as Peregrine and Octopus Securities."

Ren Zhao stood up abruptly, a look of surprise flashed across his face.

"So that's it! I asked why that guy has been so low-key in the past month, and his company has ignored the rumors outside at all. Could it be that he wants to lure the enemy into deeper?"

His assistant was not stupid either, and immediately understood.

"Could it be that he wants to buy the bottom, so he deliberately sells flaws?"

Ren Renzhao glanced at the assistant. As a government official, it is normal to have some prejudice against these chaebols.

"It doesn't matter! As long as it is long, it is our ally! What's more, no matter how rich that person is, he has not confirmed the Hong Kong government's entry into the market, how dare he stand alone against those international speculators!"

"That's true, maybe he has been watching the attitude of the Hong Kong government!"

"This is natural. In fact, many people are waiting and watching. Once we enter the market, they will become our followers. Anyway, I will visit that person tonight. I know it well. You go and make an appointment for me. Pay attention to your words and deeds, that is not someone you can offend."

"Yes, I understand!"

Four p.m.

The Hang Seng Index closed with a rebound of more than 660 points throughout the day, and the Hang Seng Index climbed to 8266 points, an increase of more than 8.8%.

……

Furama Hotel.

In the box, Lin Zuhui and Ren Zhao got together.

"Thank you Mr. Ren for coming to have dinner with me in such a busy situation!" Lin Zuhui joked.

Ren Renzhao is actually very young, but with black and white hair, slender cheeks, and a pair of silver metal-rimmed glasses, he looks a bit 'weird'.Although there are many positive comments in the eyes of many people in the business and political circles, Yizhao is actually a very controversial chairman of the Hong Kong Monetary Authority. Many policies and management have been widely questioned.

"Mr. Lin was joking, you are the busy person, and it is my honor to invite you to dinner!"

"You're welcome!"

After the two sat down, they enjoyed the delicious food and red wine. Instead of talking about business immediately, they chatted for a while.

The dinner was almost halfway through, and Ren Zhao said, "What does Mr. Lin think about the future trend of the Xiangjiang stock market?"

Lin Zuhui said with a smile: "As far as I know, the government has already intervened, so I am naturally very optimistic. This month, the Hang Seng Index will go in a V shape. There must be no problem. The group of international speculators should also return home. Focus on restoring the economy."

Ren Renzhao nodded and said: "Mr. Lin, please rest assured that our Xiangjiang government is obliged to maintain the stability of the financial market, so please rest assured of your investments!"