The first thousand four hundred and twelve chapters
In a previous life, the Hong Kong Monetary Authority made a decision on the spot not to lend Hong Kong dollars. That is to say, Sorens sold short Hong Kong dollars at a high price today, which means he would have to buy back Hong Kong dollars and pay them back.
If the Hong Kong Monetary Authority does not allow lending, that is to say, if he sells the Hong Kong dollars today and asks him to pay back the Hong Kong dollars tomorrow, he will not be able to buy the Hong Kong dollars. If he can't pay it back, won't Sorens be in breach of contract and have to pay a fine? 3
Then the attack on Hong Kong dollars failed, so at this time Hong Kong Island did a very meaningful thing, that is, to prevent Sorens from borrowing Hong Kong dollars and asking him to pay back the money. If he can't pay back the money, he will lose!
In order to prevent Soros from getting Hong Kong dollars, the Hong Kong Island Monetary Authority sold a large amount of US dollars to buy Hong Kong dollars and bought back all the Hong Kong dollars on the market. Therefore, the Hong Kong dollars were gone, and Soros indeed had no Hong Kong dollars.
But if the Hong Kong dollars are gone, what will happen to the interest rates? It will definitely rise, right? Because there are no more Hong Kong dollars, what should I do if I need Hong Kong dollars? I have to borrow Hong Kong dollars from the bank at a high interest rate.
As a result of the Hong Kong Island Monetary Authority's recycling of Hong Kong dollars, there was a shortage of Hong Kong dollars in the market. Therefore, the bank's Hong Kong dollar interest rates immediately skyrocketed, with the interest rate rising to 300%.
Bank interest rates have risen sharply, which has resulted in the Hong Kong stock market plummeting. The simple truth is that the returns from depositing money in banks are much better than the interest rates in the stock market. Who would put money in the stock market!
Before Solens attacked the Hong Kong dollar, he had already short-sold 10,000 Hang Seng Index contracts. What was he betting on? The bet was on the plummeting Hang Seng Index. What is short selling? He first borrowed 10,000 Hang Seng Index contracts and sold them at a high price.
After the Hang Seng Index fell to the bottom, he bought 10,000 contracts and paid them back. So what did Solens really rely on to make money? He made money by short selling when the stock price plummeted, not foreign exchange.
This was the real purpose of Sorens in Hong Kong Island. However, the Hong Kong Island government was not aware of it in the early stage. It thought that Sorens was going to follow the same pattern and quickly bought a large amount of Hong Kong dollars on the market, causing a serious shortage of Hong Kong dollars. Later, it was
It was discovered that the other party’s target was not the foreign exchange market but the stock market, but it was already too late. If the mainland had not urgently entered the market to protect Hong Kong Island, the consequences would have been disastrous.
Although Hong Kong Island's stock market stabilized in the end, Sorens did not get any advantage, and the Hong Kong Island government also suffered heavy losses. It can only be regarded as a tragic victory.
It seems that Sorens was the first person to lift the lid and expose all the false prosperity in Asia, especially Southeast Asia, to the world, thus triggering a new round of Asian financial crisis.
Even without Sorens, the Asian financial crisis would have broken out sooner or later, with the same result, except that the impact of the outbreak might have been softened, allowing the government to take corresponding measures.
Of course, even without Soros, other international speculators would take advantage of this opportunity to make a fortune. Just like the financial crisis in the island country, when the internal market was plagued by disasters, international speculators were like sharks who smelled blood and went crazy.
Come on, this is the nature of those speculators. Solons is definitely not the only one, but he is more "vicious."
Liu Lang "hoarded" seven billion US dollars in Hong Kong Island just to prevent Solons from launching evil attacks on Hong Kong Island in the same way as in his previous life."
Seven billion US dollars is a literal figure, but it is still a bit insignificant when the financial crisis has swept across. At this time, the Quantum Fund is taking advantage of the general trend, crying and screaming wherever it goes, especially the many investors in Hong Kong Island.
I was so scared that I couldn't help myself.
The biggest thing these days is the capital turmoil in many Southeast Asian countries, with Thailand bearing the brunt. Before many people could react, the exchange rate of the Thai baht to the US dollar had dropped from the initial 1:25 to 1:70.
At the beginning, no one knew what was going on. At this time, Asia International Satellite TV came forward. According to exclusive reports, Thailand was attacked by a large number of international speculators in the foreign exchange market, mainly the American Quantum Fund.
Solons and the Quantum Fund suddenly became household names. Many countries, starting from Thailand to Indonesia and the Philippines, were hit one after another, and all of this was blamed on Solons.
That's right, even Liu Lang's one billion US dollars was accounted for by Solons.
One billion U.S. dollars is not a number, and no matter how hard you hide it, you can't put this "credit" on Solons' head, but Liu Lang doesn't want to expose himself, after all, this is not a glorious thing.
It is very easy to hide oneself. The one billion US dollars came from more than a dozen companies and individuals. Liu Lang asked one company to take the "blame". The other party did not hesitate to take the "blame", so the one billion US dollars became the source of
An international speculator named "nn" foundation can be called a big data fund if translated into Chinese, while the English name of Solons' quantum fund is "nn". Both have similarities in homophony and meaning.
, if both parties hadn't come forward to explain, I'm afraid everyone would think that the two are the same family.
As a result, all the media, including the American media, also believed that "nn" and "nn" were controlled by Sorens, and even blamed Indonesia's losses on him. This was originally Liu Lang's way of "framing the blame"
"Plan.
Of course, even if this matter is discovered in the future, Liu Lang will hardly be blamed. Unless someone among the dozen partners "betrayed" Liu Lang, this kind of thing should not happen, and even if it happens, it will not happen.
how?
At noon, in the office of the Chief Executive of Hong Kong Island, more than a dozen dignitaries were having a heated discussion on how to deal with the upcoming financial tycoon Sorens.
"This group of international speculators is so abominable, causing turmoil in the financial markets of Southeast Asia. There is definite news that Sorens has launched a sniper attack on Hong Kong Island. About five billion US dollars have poured in. Although it is not a lot, the sheep
The herd effect will cause a chain reaction, and coupled with the chaos in Southeast Asia's financial markets, it is expected to produce a foreign exchange market effect of more than 20 billion US dollars. We must be prepared to deal with it!"
The head of the Monetary Authority issued a warning to those present.
"The Hong Kong dollar is linked to the US dollar exchange rate. Sorens can't make waves when he comes to Hong Kong Island. Doesn't he know this? Are you going to force us to change the exchange rate? What a joke!"
Another person answered.
"Yes, they can't do it in the normal way, but now signs of financial crisis are showing up in various parts of Asia, and residents' confidence is seriously lacking. If the other party is allowed to attack, it may trigger a large-scale panic. By then, it will not only be
It’s the foreign exchange market, and the booming stock market and property market will be seriously affected. This is Hong Kong Island’s problem!”
Everyone was having a heated discussion, but the chief executive of Hong Kong frowned and said nothing. 24