God of Rebirth Trader

However, these letters are not all worthless.

There are letters of intent sent by some software companies. They hope to cooperate with Infinite Company and design some peripheral supporting software.

In these years, Infinite Company has spent so much money, and many programmers are not doing it for a living.

They use instant messaging as their backbone and continue to develop games, music, novels, Chinese search engines, communities... and a series of branches.

The purpose is to create a complete ecological network.

In this era of lack of entertainment, anyone exposed to these new things will be unable to extricate themselves.

The Internet is amazing.

Even "social elites" like Uncle San are not immune. They come to the company every day to play games, or go to the Qiandu Post Bar designed by the company to post various stickers, show off their wealth, and watch others kneel on their knees********

**This shows how powerful the Internet is.

Everything is moving in a good direction, but it is not without its negative aspects.

In the past month, there have been several news reports saying that the games designed by Infinity Company are extremely harmful.

Children are addicted to online games every day, do not want to study, and have high-intensity entertainment in front of the computer. It is obvious that they have become "Internet addiction".

Even if everything is good in the forest, it will be destroyed by the wind. Many experts have also come out to criticize Infinite Company for producing electronic opium and poisoning young people. They suggest that the relevant departments should ban it!

Affected by this, Infinite's stock price fell 7% that day.

"Internet addiction" is such a distant word.

In later generations, with the development of the Internet, the Internet has become an indispensable part of people's lives. "Internet addiction" has also disappeared along with the torrent of the information age, and is rarely mentioned again.

But now is the end of the 20th century, and people still have great prejudice against emerging things, especially online games, and even demonize them.

The first person in the world to coin the term "Internet addiction" was a psychiatrist in New York named Ivan Goldberg.

One day in 1995, on a whim, Goldberg made up 7 diagnostic criteria and claimed that he had discovered a mental illness called "Internet addiction."

His prank immediately fooled several of his colleagues.

However, he later clarified that Internet addiction is not a real addiction.

"If you expand the concept of addiction to every human behavior, you will find that people are addicted to reading, addicted to running, and addicted to interacting with others," Goldberg said.

Infinity Company quickly published this news on its website, but with little effect because people are more willing to blame their "lack of self-control" on others.

For this reason, Chen Weidong could only order the company to design an anti-addiction system. Teenagers under the age of 18 can only log in to the game for a maximum of 3 hours a day.

The move quickly eased social condemnation of Infinity.

Infinity Company also pointed out that most people own computers not only as a tool, but also as an entertainment device.

Entertainment is human nature, and there is no such thing as Internet addiction.

...

End of July 1998.

Antler Building, ninth floor.

Chen Weidong sat in front of the computer, looking at the trend of the stock market in recent months, and couldn't help but frown.

The Hang Seng Index rebounded to multiple points in March, and after hitting the pressure level, it continued to decline.

It is now early August, and the Hang Seng Index is on a roller coaster again, falling back to around 8,000 points.

Judging from the trend of the K-line chart, it is obvious that large funds are continuing to flow out, but now they have begun to shrink.

Does this mean the decline has stopped?

Chen Weidong knew that that was absolutely impossible...

At the same time, mainland China, Donghai City.

There are rumors in the foreign exchange black market that due to floods, yen crisis and many other factors, the RMB currency value will be difficult to maintain.

"China may depreciate the RMB by up to 30%."

For a time, the exchange rate of RMB against the U.S. dollar on the black market fell to 8.70, 5% lower than the official exchange rate of 8.28.

These rumors also prompted investors to sell B shares to cash out and buy U.S. dollars.

On July 28, B shares fell by 3.5%, hitting a record low.

The B shares here are not the B shares you understand, it refers to RMB special stocks."

"A type of securities whose face value is expressed in RMB and can only be traded in foreign currency."

On the same day, a commentary article in South China's Securities Times pointed out that China had warned the United States that if the United States continued to allow the yen to continue to depreciate, China would likely reconsider whether the RMB should depreciate.

A trader at Sakura Bank in Tokyo also said, "It is reported that Dai Xiaolong, the governor of the People's Bank of China, said that the Chinese RMB will depreciate slightly."

For a time, bad news about the RMB came and went one after another, and people couldn't help but wonder, how long can the RMB survive?

On August 3, the exchange rate of the Japanese yen against the U.S. dollar exceeded the important mark of 145, and citizens of Donghai City went to the black market to exchange for U.S. dollars at high prices.

On this day, the RMB black market exchange rate reached 8.8 yuan to 1 US dollar.

In the first week of August, the black market price of the RMB in Shanghai dropped to as low as 9.2 RMB per U.S. dollar, nearly 9% lower than the official exchange rate.

August 9, 1998.

The Hong Kong government announced that the gross domestic product recorded negative growth in the first quarter.

Bad news comes one after another.

Listed companies in Hong Kong have announced interim results one after another. Cathay Pacific has suffered its first loss in more than 50 years, and profits of Swire and HSBC have fallen sharply.

Rumors and rumors are rife in the Hong Kong market, making investors panic.

These have undoubtedly become signals for international financial speculators to attack Hong Kong!

After experiencing the first three shocks, international speculators found that the Hong Kong dollar exchange rate and the stock market were somewhat difficult to shake. However, they did not give up. Instead, they regrouped and adopted a more astute strategy.

They began to launch three-dimensional attacks simultaneously in the currency, foreign exchange, stock and financial derivatives markets.

Trying to shock the exchange rate system and cause it to collapse, thereby making huge profits in the financial turmoil.

The main modes are:

In the foreign exchange market, Hong Kong dollars are first borrowed through Hong Kong's money market, offshore market, bond selling, etc., and then concentrated selling of Hong Kong dollars is carried out to suppress the Hong Kong dollar exchange rate.

Once the Hong Kong dollar depreciates, speculators can buy back the Hong Kong dollars at a low price to repay them and earn profits from the price difference.

Another method is that international speculators can sell Hong Kong dollar forward contracts in the forward foreign exchange market, causing the Hong Kong dollar forward exchange rate to fall.

If the Hong Kong dollar depreciates on the expiration date of the forward contract, international speculators can make a profit when the contract is delivered.

At the same time, in the stock market, international speculators are not idle either. They short-sell stocks and accumulate a large number of short positions in stock index futures.

When they short-sell Hong Kong dollars in large quantities in the foreign exchange market, due to the automatic adjustment mechanism of the Hong Kong linked exchange rate and in order to restrict speculators from obtaining Hong Kong dollars, the general authorities will adopt the method of raising short-term interest rates to increase speculators' capital costs.

Once interest rates rise, it will put pressure on the stock market.

After the stock market falls, speculators can make profits by buying back stocks at low prices and delivering stock index futures.

Countless Wall Street elites and senior analysts, after many calculations, simulations, and discussions.

It is believed that the time is ripe for a comprehensive attack on the Hong Kong dollar.