When Soros took action against the Hong Kong dollar, the Hong Kong financial authorities immediately interfered with the market and bought a large amount of Hong Kong dollars to keep the Hong Kong dollar exchange rate above the psychological threshold of 7.75 Hong Kong dollars.

In the first week, it did have the expected effect. But soon, the Hong Kong dollar exchange rate fell below the 7.75 Hong Kong dollar mark. The Hong Kong Monetary Authority once again used foreign exchange reserves to intervene in the market comprehensively, and lifted the Hong Kong dollar exchange rate to above 7.75 Hong Kong dollars, showing its strong financial strength.

Soros' first tentative offense failed in the powerful defense of the Hong Kong Monetary Authority.

Under such circumstances, the head of the Hong Kong Monetary Authority urgently made an appointment with Fan Wubing and asked for his help.

However, at this time, the situation was still under control. Therefore, although the director of the Financial Administration prepared for the future, his mentality was relatively relaxed. He asked Fan Wubing to drink tea and chat in a teahouse with a very knowledgeable origin.

Interestingly, the owner of this building is from old Beijing in the mainland. Although he can speak Cantonese at this time, when he speaks to Fan Wubing, he still has a straightforward Beijing style.

The boss and the director seemed to be very familiar with each other. They probably received guests from the mainland and often came here. The boss personally arranged for the guys to serve them tea, and then said, "To drink good tea, you need good water. Speaking of this water, you have to talk about Qianlong of the Qing Dynasty. Legend has it that Qianlong used a water washing method. He made a silver bucket to identify good water in the world. It is better to have light water. As a result, the water in Yuquan Mountain in Beijing was the lightest, rated first, the river in the Yangtze River was second, and the running springs in Huiquan was fourth. So Qianlong designated the water in Yuquan Mountain as the water used in the palace. However, after the water in Yuquan Mountain was left for a long time, the water quality would change. What should I do? Qianlong ordered people to pour other springs or lake water into the jar and stir hard. After the mixing, the water water in Yuquan Mountain would float to the top, and the other waters would be heavy, so naturally sinking below to wash water."

"Oh, is there such a thing?" Fan Wubing had never heard of such things, and couldn't help but ask curiously, "Then what kind of water are you using here?"

Seeing Fan Wubing being interested in his words, the boss was happy to boast, "The shop also used the washing method. I made four sand tanks. The first sand tank was placed half a tank of pebbles in four layers. The pebbles were laid on the area of ​​Taizitan, with white and thick white eyes and sand. The sand surface was covered with a layer of bark. The river water fell from the mouth of the tank and there was a small hole. A bamboo tube was inserted. The water flowed from the embroidered tube into the second water tank under the stone steps. Seven fists were placed at the bottom of the second water tank.

The seven-edge orifices of the size of the seven-edge orifices are all covered with pockmarked pebbles with holes. Then there are thirty small pockmarked pebbles the size of walnuts and then covered with white-eye sand and palm bark, which flow into the third sand tank. At the bottom of the third sand tank is a layer of charcoal sintered with a blue bark tree on the small pockmarked pebbles about one foot thick, and a layer of charcoal essence with a clear fire is placed on the pockmark. Then, river sand and tree bark are laid on the charcoal essence to make the water flow into the fourth water tank.

In this way, the river water that was already very good will be filtered through layers of four sand tanks, and it will be very pure, so it will be great to make tea."

Fan Wubing raised his glass and felt that the place he usually drank was different from his usual drinking. He couldn't help but praise him. "It's indeed different. I have also drank it many times in Beijing. But I have never seen a person who works as hard as you, the boss."

"I have praised you. I have to be comfortable with the customers. I recommend a few more friends to support you. I am so grateful." The boss laughed and did not forget to start a business for himself.

After the boss left, the director said to Fan Wubing. "The financial tycoon Soros wants to let Hong Kong follow the footsteps of Thailand. It is coming in a raging way. Hong Kong people are panic. The stock market is unstable. They are very worried. Although this attack was defeated by us, based on past experience, Soros is definitely not the kind of person who is willing to give up easily. He is buying a lot of forward-looking Hong Kong dollars. He is preparing to pay attention to the glory of the battles in England and Southeast Asia. I hope Mr. Fan can help him to save the crisis."

Fan Wubing was polite and analyzed to him. "This time Soros' decision was not wise. Because he did not consider the mainland China behind Hong Kong. The foreign exchange reserves in Hong Kong and mainland China reached more than 200 million US dollars. With Taiwan and Macau, the foreign exchange reserves were no less than 374 billion US dollars. Such strong strength is not comparable to those of England, Thailand and other countries. The chances of winning this attack on the Hong Kong dollar are not very good."

"Although the top leaders are more confident, when Soros sniped the Thai baht, he also concentrated hundreds of billions of dollars in funds, Taiwan and Macau. We cannot use them in a short period of time. Although the mainland and Hong Kong have more than 200 billion US dollars in foreign exchange reserves, it is impossible for them to invest in this financial war." The director explained to Fan Wubing.

"I understand this too. Otherwise, I would not have been able to stay in Hong Kong Island."

Nodded and said.

For Hong Kong, maintaining a fixed exchange rate system is a guarantee for maintaining people's confidence (Computer reading Once the fixed exchange rate system is lost under the impact of international hot money led by Soros and others, people will lose confidence in Hong Kong and thus destroy Hong Kong's prosperity.

At this important moment when Hong Kong has just returned, protecting the stability of the Hong Kong dollar exchange rate is an important manifestation of the ruling ability of the SAR leadership and an important sign to enhance Hong Kong people's confidence in the SAR government. Therefore, defending Hong Kong currency stability is destined to be a life-and-death battle. The Hong Kong SAR government will fight back against any challenges to the Hong Kong dollar at all costs.

"If Soros continues to attack the Hong Kong dollar, the SAR government will make corresponding statements and respond to the battle to the end." The director said to Fan Wubing.

After hearing this, Fan Wubing replied, "Since you have made this decision, you should make a statement as soon as possible. On the one hand, it makes Soros afraid of being a slut, and on the other hand, it can also enhance the confidence of Hong Kong people. When the other party moves, it seems that he is passive."

"Mr. Fan means good, but he thinks that the time has not reached the end of his life. Intervention into the financial market too early will also affect investment confidence." The director expressed his embarrassment on this.

"When you keep breaking, you will suffer from chaos." Fan Wu replied, "I am also a talented person with very good economic skills. Why do you become timid when you change your situation at this time? This is not a style in the market."

"It's hard for me to say such words," said the director bitterly.

Special life experience is also very colorful. His father Dong Haoyun is a ship king. In 1982, Dong Haoyun died of a heart attack. In addition, the world's shipping industry has declined, and the cargo tonnage is over, and the ship price has plummeted. His family company Oriental Overseas failed to respond in time, resulting in a sharp drop in performance. Tung Chee-hwa owed huge debts, up to more than 20 billion Hong Kong dollars.

In 1986, Ho Ying-tung came forward to save Oriental Overseas by investing $1.2 billion. In May of the same year, he announced that he would reorganize the company. In the new Dong Group, he lost control, transferred from a boss to an employee, and then borrowed 250 million yuan from five banks made by Bank of Tokyo.

In 1999, with the efforts of Oriental Overseas, finally turned losses into profits, with a profit of US$9.8 million.

By the mid-year performance of 1994, Oriental Overseas operating profit increased by eight times to US$40 million, and finally saved its ancestral property and turned from a negative man to a rich man.

Being elected as a special agent this time is inseparable from Ho Ying-tung's strong recommendation.

Fan Wubing is more aware of this process, so he has this discussion.

Although the two did not come up with the results of the policy interview, Fan Wubing still agreed to the request of the SAR, indicating that he would contribute to stabilizing Hong Kong's prosperity in his own way. Under this situation, the SAR also changed its previous decision to hope that Fan Wubing's funds would be withdrawn, and instead hoped that he could inject more funds to escort the Hong Kong dollar.

But Fan Wubing still had some concerns in his heart. He knew very well that Soros was actually Xiang Zhuang's sword dancing in Pei Gong, and he had other plans.

The Hong Kong dollar has been pegged to the US dollar since 1983, and Hong Kong dollars are exchanged for one dollar. It is obviously not feasible to use the US dollar to snipe the US dollar. So why did Soros do this? In the original history, he shorted the Hang Seng Index under the pretext of sniping the Hong Kong dollar, causing the Hang Seng Index to fall from 18,000 points to 6,000 points, and severely damaged the Hong Kong economy.

From this perspective, Soros' Asian sniper operation was basically a complete victory.

However, at this time, the SAR government's attention was only on defending the Hong Kong dollar. To maintain the stability of the stock market, the energy required is too great. It is difficult to complete the SAR government's efforts, or the ten major families in Hong Kong can work together to achieve this goal.

But Fan Wubing also noticed that it is important to mention whether the ten major families can work together. Even if they can join forces to support the market, the Hong Kong stock market is now too bubbled and it must be squeezed.

According to Fan Wubing's view, the SAR's funds are enough to maintain the stability of the Hong Kong dollar market. It is enough to support them at most 20 billion US dollars to defend the Hong Kong dollar. The most urgent task is to prevent Soros from sweeping too much money from the Hang Seng Index.

Now the Hang Seng Index is running at a high level and there is a risk of downward trend at any time. Although some people are already shouting that the Hang Seng Index is over 20,000, it is obvious that this is unrealistic, especially under the current economic situation.

Fan Wubing thought to himself that the decline of the Hang Seng Index is already expected, and it will always cost some money to support the market. It is better to plan ahead and short the Hang Seng Index now, so that it can recover some losses at that time, or make a big profit.
Chapter completed!