God of Rebirth Trader

Finance was originally invented by the Dutch.

Later, the English perfected its mechanism.

Finally, the United States took the baton of development finance into its own hands.

Relying on powerful financial tools, Wall Street was born.

The people here control the financial order, and the numerous financial products are dazzling. Whether they rise or fall, it is all related to them.

those years.

They use finance as a tool to manipulate other countries and absorb huge wealth from them.

The financial turmoil has proved that even some small countries are just "small retail investors" in the international economic game.

When facing the bite of capital giants, just like ordinary people, they have no power to resist.

....

August 13, 1998.

The Dow Jones Index retreated, with a daily loss of 299 points.

The impact on the Nikkei Index also triggered a panic decline. The Japanese authorities had no choice but to allow the stock market to decline.

Markets in Europe, Africa, the Middle East, and the Americas were all spared, and all fell sharply.

The outside world is full of bad news and there is no good news.

Hong Kong financial markets are shrouded in dark clouds.

Not only Wall Street, but also many financial institutions in Europe are involved.

Several European and American investment banks and hedge funds simultaneously launched a massive attack on the Hong Kong currency market, stock market and Hang Seng Index futures market, selling Hong Kong dollars and Hang Seng Index futures crazily.

The intensity of the selling was unprecedented.

It is reported that its elite team is Quantum Fund, the largest hedge fund under the command of Wall Street speculator George Soros.

Under their leadership, international hot money sold about HK$40 billion in just half a day.

In the following two days, the foreign exchange market saw another HK$35 billion and HK$27.8 billion selling respectively.

Faced with such a large-scale attack, the Hong Kong Monetary Authority changed its previous practice of not intervening in the market and urgently used its foreign exchange reserves to directly enter the market to buy Hong Kong dollars.

Moreover, while maintaining a stable exchange rate, it did not raise bank interest rates to increase the speculation costs of international hot money as usual.

....

Wall Street, New York, Quantum Fund trading room.

Everyone was staring nervously at the computer screen in front of them.

Ta da da da da....

The sound of typing on the keyboard came and went.

Every minute, foreign exchange worth hundreds of millions is traded.

After just a few hours of operation, the number of Hong Kong dollars sold in the Hong Kong market reached more than 35 billion.

It's a pity that these sales were picked up by the Hong Kong government again.

According to the plan formulated by Soros and others, they first vigorously shorted the Hong Kong dollar in the foreign exchange market, forcing the Hong Kong Monetary Authority to adopt the old method of raising interest rates to respond.

As long as interest rates are raised, it can suppress the stock market.

When the stock market falls, the Hang Seng Index futures will also fall simultaneously. Then they can short-sell the Hang Seng Index futures at a lower price in the futures market, making profits in both the foreign exchange market and the stock market.

But this time, the Hong Kong Monetary Authority just silently accepted the selling order and did not raise interest rates.

This makes everyone in Quantum Fund a little regretful.

"George, it seems that the Hong Kong government is already on alert." Fat military advisor Drew Kenmiller said.

"It doesn't matter. Our analysts have already anticipated this. Let Jones carry out the second plan." Soros leaned on the back of the leather chair and said slowly.

Faced with the massive attack by international hot money, almost everyone in Hong Kong believes that Soros and his friends are bound to bring down the Hong Kong dollar exchange rate.

He has done this with the Thai baht, Indonesian rupiah, Korean won, and ringgit before, and this time will be no exception.

Therefore, the Hong Kong government directly mobilized a large amount of foreign exchange reserves to accept the sales of international hot money in the foreign exchange market and stabilize the linked exchange rate system.

However, in Soros's view, as long as it can make money, who would only worry about the exchange rate?

...

at the same time.

At the Hong Kong Monetary Authority, groups of people dressed in dark suits, who could be easily identified as working in investment banks and securities companies, were hurriedly walking up to the fifth floor of the Hong Kong Monetary Authority.

Many people had sweat on their foreheads and their faces still showed lingering fear.

"Director Liang, hold on!"

"It's more than 30 billion today!" The leading middle-aged man said with a happy face. The selling of hot money was unprecedentedly powerful. If they hadn't been prepared, the linked exchange rate would have collapsed long ago.

"How much foreign exchange reserves do we still have?" Liang Zhaomin did not feel relaxed at all, but asked with a frown.

The Hong Kong government and international hot money have been "arm-wrestling" for half a month. The trading volume of the Hong Kong foreign exchange market has skyrocketed, and the foreign exchange reserves in their hands are also rapidly decreasing.

"There are still more than 40 billion US dollars." The middle-aged man wiped the sweat from his forehead and replied bitterly.

Liang Zhaomin's expression was stagnant. He did not expect that the foreign exchange reserves would be consumed so quickly, which greatly exceeded his psychological expectations.

The Hong Kong government took the initiative to intervene in the market this time, but it made great determination.

The economic policies pursued by Xiangjiang are:

"In a market economy, the Hong Kong government should not take action."

If you take action, it is like a slap in the face. If you go back on your word, then you have no credibility at all, and you will definitely suffer infamy.

Zeng Jinquan, who was the Financial Secretary of Hong Kong at the time, was also struggling internally and repeatedly considered the positive and negative factors of entering the market.

Finally, a decision was made on August 2 and 3, the document was signed on August 4, and the intervention began on the 5th for nine consecutive trading days.

It can be said that everyone is under tremendous pressure.

"Now, many people are queuing up at banks outside to exchange dollars. If our foreign exchange reserves are consumed at this rate, we won't be able to last long," the middle-aged man reminded.

There is too much bad news in the market, and all kinds of rumors are flying everywhere, but almost everyone agrees that the Hong Kong dollar and the RMB will depreciate.

Many people even lost confidence in the linked exchange rate system when they heard it was Soros again.

They subconsciously believe that the Hong Kong government will definitely not be able to deal with them, so it is safest to convert their money into US dollars first.

Otherwise, like Thailand and South Korea, the national currency will depreciate significantly and the money will become waste paper. You can't even buy a few kilograms of pork for a few thousand yuan.

"You go back first, I'll think of a solution." Liang Zhaomin said with a sigh.

"Director..."

The middle-aged man opened his mouth, hesitated to speak, and finally stopped talking.

Because according to the current situation, they can only hold on for another ten days and a half at most, which is already the limit.

If a good countermeasure is not figured out, the linked exchange rate will not be maintained.

By that time, the fruits of decades of hard work of the entire Xiangjiang people will be wiped out...

After everyone left, Liang Zhaomin stood in front of the window, looking at the red Bauhinia outside.

I was struggling internally.

Just when the sunset was about to disappear, he finally made up his mind, turned around, picked up the phone on his desk, and dialed a number.

They discussed it for a long time before the person on the other end of the phone finally said, "I'll try, but I can't guarantee it!"

It's around eight o'clock in the evening.

A red phone call was made from No. 1 Tim Wah Road, Hong Kong Central, to the mainland capital.

After just two rings, someone picked up the phone.

"Hello."

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