As the interest rate provided by the Hong Kong Monetary Authority increases the cost of hot money borrowing, major companies in the stock market will soon fall into a shortage of capital flow due to the increase in loan costs.
In the past six months, Hong Kong and international hot money have experienced many battles in the stock market. Just when the Hong Kong government saw the dawn of victory, Soros and other Wall Street predators suddenly changed their tactics and targeted the foreign exchange market.
.When Soros fired the first shot, the life-and-death battle for Hong Kong officially broke out.
On August 5, in just one day, international hot money sold off 20 billion Hong Kong dollars. The next day, another 20 billion was sold. With the overwhelming momentum, it vowed to completely crush Hong Kong's foreign exchange market.
At this time, the focus of many media at home and abroad is no longer whether Hong Kong can hold on to the foreign exchange market, but when it will announce the decoupling of the Hong Kong dollar from the linked exchange rate (meaning that all foreign exchange markets will lose).
On August 8, an overseas fund issued a specific date for decoupling—August 12, 1998. There was not much time left for the Hong Kong government.
On August 10, the Hang Seng Index fell below the psychological mark of 7,000 points, triggering selling by a large number of investors. On August 11, the Hang Seng Index exceeded 6,800 points. On August 12, the Hang Seng Index fell below 6,500 points. Rumors swept through again:
The Hang Seng Index will fall below 4,000 points soon...
You know, once the Hang Seng Index falls below 4,000 points, it means that two-thirds of the wealth of the entire Hong Kong will evaporate. This is no longer a problem of the Hong Kong government going bankrupt. Almost every Hong Kong family will go bankrupt. Because almost every Hong Kong family will go bankrupt to some extent.
All involve the housing and stock markets...
"The latest report from the front. Our on-site reporter is at the airport, interviewing Brother Yuan and his wife who have just returned to Hong Kong. Hello Brother Yuan, do you know about the recent financial crisis in Hong Kong?"
"Of course I do. I just rushed back to Hong Kong as quickly as possible after hearing about the accident."
"Then what do you think of the current situation? Are you still sticking to your point of view?"
"Alas! It's now time, and there's no time to blame each other. Originally, the meat of such a dispute was still rotten in the pot. But now the big ship of Hong Kong is in danger, so if you have money, you should contribute money and strength!"
"Is that so? Then Brother Yuan, what are you going to do?"
"Do your own thing first! I am here to announce that I will personally repurchase 10% of all eight stocks under my ownership. First, do your best to protect the market!"
"Wow! Really?"
"Fuck! Is this kind of thing even a joke? Damn it! They're not even as good as dogs, they're just a bunch of people who eat for nothing. They're just having a good vacation, but Hong Kong's economy has been messed up like this..."
"..."
The reporters at the scene quickly moved the camera and pretended not to hear what Li Yuan said next.
"Dear viewers, I finally heard good news. Brother Yuan will take action to protect the market and save the current stock market collapse situation..."
"..."
Amid the chaos of war, Li Yuan was the first to use his own funds to protect the market on a large scale. This immediately attracted the attention of the whole of Hong Kong.
I choose! The whole of Hong Kong was boiling in an instant.
Let’s not talk about anything else, just based on this intention, Brother Yuan seems to be a pretty good person, then... Hong Kong Public Enemy -1! Or...?
Okay! In this critical moment, is Brother Yuan the only one to protect the market? Others seem to be high-sounding, but now they are all eating shit?
Suddenly, Li Yuan's favorability in Hong Kong skyrocketed!
After taking the two monkeys home, Ling Ling still played with her younger brother, completely ignoring the unscrupulous parents beside her. Only Xiao Tuanzi used the clip sound and "meow meow meow" back and forth to act coquettishly.
Huang Jiaojiao kissed Xiao Tuanzi in her arms and asked with a smile: "Xiao Yuanzi, do you really want to protect the market? You don't have a fever, right? Do you want to fight with those hedge funds on Wall Street?"
"I was so full that I fought with them."
"Ah? Then why did you guarantee it in front of reporters? What if... what if..."
"Hey! Where do you want to go? The money from selling stocks in the United States has not been spent yet. It will be used for this buyback. Haha."
After the interview in the United States, a very interesting thing happened - because Li Yuan promoted "Internet new media, sports entertainment layout", a new concept emerged, which was convenient for hype.
Just like the concept of speculation later, Parallel Line Technology's stock rose sharply again. After Li Yuan sold more than 500 million shares, the market value actually rose back? And Parallel Line (book) also rose against the trend and became blind again.
A bunch of titanium eyes?
In the end, it became like this. Not only was there no loss of personal wealth, but also a few more teams were added?
"Oh!" Huang Jiaojiao was doubtful about Li Yuan's explanation.
Li Yuan understood that the eldest lady was as suspicious as a cat again: "Jiaojiao, why should I fight with Soros? Are they qualified to fight with me? Hong Kong is my home court, and those are our listings
company."
"Hey! So many countries have raised their hands and surrendered, how can Hong Kong still hold on?"
"Please! I don't have the ability either? I'm not Lion Rock Superman. So I just bought back our own stocks. To put it bluntly, wouldn't it be delisting and privatization at most? Anyway, those companies are still here...
Hey hey!”
Seeing Ling Ling stuffing her biscuits into his brother's mouth, Li Yuan quickly stepped forward to stop him: "Ha! He's a decent brother. It's Ling Ling, your brother can only eat milk, and he can't eat dry food.
do you know?"
"Ling Ling gives it to my brother, should he eat a big piece?"
"Ah?" Huang Jiaojiao threw the little dumpling away, and the cat screamed and jumped to the side, "Baby, how are you? Are you going to the hospital? Open your mouth, open your mouth quickly, and spit it out!"
Li Yuan looked at the little one and saw that he was bouncing around and it didn't seem to have the slightest impact. He couldn't help but laugh and said, "It doesn't matter, right? Just a biscuit."
"Why doesn't it matter? You men are all like this!"
"Can't biscuits also be soaked in milk? How about feeding me more milk?"
"Bah! Is there anyone who takes care of a child like this? Mommy Snow, prepare a car and take her to the hospital—!"
(⊙?⊙)(⊙?⊙)(⊙?⊙)
…
Li Yuan's home is in chaos. Who will care about the Hong Kong stock market crash because of the naughty children?
The Hong Kong government finally made up its mind. The next day, the Hong Kong Financial Secretary and the Monetary Authority changed their previous "conservative tactics" and mobilized US$92.8 billion in foreign exchange reserves, deciding for the government to intervene in the market.
That night, the central government also made a speech on the "News Network" - it will ensure that Hong Kong's status as Asia's financial center will never be shaken at all costs!
Soros and his group's malicious short selling behavior finally angered everyone. Because once Hong Kong is defeated and China loses its third largest international financial center, it will surely suffer heavy losses in the world financial market, and may even lose its position in the international financial market for a long time.
The right to speak on the field.
Who can bear this?
On August 14, the Financial Secretary of Hong Kong held a press conference. On his right side was the Financial Services Bureau, and on his left was the Hong Kong Monetary Authority. At the press conference, the Financial Secretary announced to the media: The Hong Kong government will enter the stock market and futures market at the same time!
As soon as the words were spoken, the Hang Seng Index rose 564 points and regained the 7,000-point mark before the market closed, winning the first battle!
Since August 14th is a Friday, the market is closed over the weekend. Taking advantage of these two-day buffer period, the Hong Kong government mobilized a large number of forces to prepare for the most brutal fighting. Many patriotic businessmen in Hong Kong also spoke publicly to fully support the Hong Kong government’s rescue measures.
And mobilize funds to fully meet the challenge.
Next Monday, August 17, the nine-day financial offensive and defensive battle began again. Both the bulls and the bears released huge amounts of funds and began a head-on battle.
On August 22, just as the war entered a fierce stage, the central government once again made it clear that as long as the Hong Kong government made a request, the central government would unconditionally and fully support it. However, facing the Hong Kong fortress that could not be conquered for a long time, Soros and others decided to make a desperate move and fight to the death!
On August 27, both the Soros Group and the Hong Kong government invested heavily. The buyer placed a purchase order of 100 million, equivalent to an investment of HK$1.57 billion, while the seller quickly sold 40 million shares within minutes before the market closed.
Caught the buyer off guard…
However, at this moment, another wave of bad news suddenly came - the Russian central government announced that it would abandon the "floating exchange rate" and the "Ruble Defense War" declared a failure.
Damn it! Whenever it comes to critical moments, Mao Xiong has never been reliable!
The defeat of Russia made the morale of international hot money rise to an all-time high. They are determined to win Hong Kong!
At the moment when people in Hong Kong were panicking, Li Yuan issued a public statement through... the Horse Sutra, ahem. He decided to repurchase an additional 5% of the shares and use HK$2 billion of funds to fund other high-quality stocks.
To protect the market, he also promised that he would never take advantage of the situation and that those listed companies would be able to repurchase the shares at the original price at any time.
I pick! The people of Hong Kong were shocked again. Did Brother Yuan spend a lot of money this time?
Brother Yuan, I'm sorry. I misunderstood you a little before. You are our most beautiful kid——!
However, no one noticed that on this day, the two deputy governors of the central bank personally rushed to Hong Kong to take charge. Along with them, they also had control over the entire country's foreign exchange reserves of US$144.959 billion (approximately HK$1,087.1 billion).
At the same time, they also issued an order requiring all Chinese-funded institutions in Hong Kong to go all out to support the Hong Kong government's "protection operation." An unprecedented financial decisive battle is about to begin!
At ten o'clock in the morning, as the opening bell of the trading hall of the Hong Kong Stock Exchange rang, the decisive battle broke out. In just five minutes after the opening, the transaction volume of the Hong Kong stock market exceeded HK$3.9 billion. Half an hour later, the transaction volume exceeded 10 billion.
Hong Kong dollar mark...
At that moment, the giants on Wall Street finally began to panic. In the previous 15 days of the battle, almost half of the ammunition for international hot money had been consumed, leaving only 40 billion Hong Kong dollars worth of funds that expired that day.
Futures contracts. Every tick of the Hang Seng Index means a fight of tens of billions of Hong Kong dollars.
At the most critical moment, a foreign capital of unknown size but with strong purchasing power began to indiscriminately acquire futures sold by international hot money! The companies participating in the acquisition are: China Shipbuilding Industry, PetroChina, Norinco, China Huaneng Group,
China Postal Savings...
The national team is finally off!
With the full support of the mainland, the Hang Seng Index has always remained above 7,800 points (only when the index is below 7,500 points can international hot money make a profit, otherwise it will lose money). The battle to defend Hong Kong was a complete victory! The property of Hong Kong people was saved, and Hong Kong’s financial center
Our status has been preserved, and Hong Kong’s world-famous prosperity has been preserved!
…
When the closing bell rang and the stock index reached above 7,800 points, deafening cheers erupted from the Han Palace headquarters.
Although he knew this period of history and knew that there was no danger in the end, Li Yuan still felt very excited when he was in the scene this time.
The employees were throwing shredded paper everywhere, as if it was a festival. Jerry Wu and the female secretary hugged each other excitedly, eager to go on stage and perform a passionate kiss...
Tie Zhidong and Ruan Liangying danced, looking like they were about to go to the street to kill someone?
Huang Dongsheng was holding Lingling while flying the plane, and Lingling couldn't stop laughing. Huang Jiaojiao showed her true colors as a fat sheep and slapped the table: "I'm treating you tonight. No one can be absent. Let's go to the Wild Mountain Gathering together."
!”
"Mrs. Li! Do you have any red envelopes?" someone shouted in fun.
Huang Jiaojiao laughed loudly: "Everyone has it! There is also a lottery! The first prize is a sports car! Well... let your boss pay for it! Hahaha!"
Li Yuan also laughed heartily, and he was completely immersed in this cheerful atmosphere.
"Do you have a camera? Take a group photo!"
"Design a plaque tomorrow and put it on the front door - Light of Hong Kong! How about it?"
"good!"
"We have less luck, but our Hong Kong is still sharp. Southeast Asia, South Korea, and Russia, aren't they all defeated generals? Kneel down and surrender to Wall Street? Only we, Hong Kong, have less fate, your leadership, and the unity of all of us can defeat the ghosts
Kill them all! Pick!"
"Yingzi, don't you see, you are a good speaker? Are you going to run for parliament in the future? You always talk in the same way?"
"Don't talk nonsense, I am showing my true feelings here. Shouldn't I be allowed to be full of emotions?"
"Hahaha!"
"It's bad."
"Uh? Brother Dong? What's the matter?"
"If I continue like this, will I become a stock god in the world? Isn't it in line with my status as the Second Master Guan?"
"Hahaha!"
"Hey, stock market god, it's up to you to arrange the evening?"
"Roger it, Second Young Master. I understand, Third Young Miss, except for Young Master Yuan, I will treat everyone else tonight."
"Hahaha!"
"..."
The main reason why I was so unrestrained was that I had survived this disaster and had a sense of excitement of escaping from death.
After all, everyone knows that if Hong Kong falls into the same financial crisis this time, it will definitely go back more than ten years, which will have a great impact on everyone and every family.
What’s even more satisfying is that he entered the market twice to protect the market, and he was one step ahead, making the real bargain-hunting success, buying a large number of high-quality stocks at cabbage prices. As long as you wait patiently, you will make more and less.
The problem is that everyone here gets a small fortune.
"Young Master Yuan, what do you think of the market outlook? Will the ghost guys make a comeback?"
"Haha. Basically not! Are they willing to give us money again?"
