God of Rebirth Trader
Chapter 69 Hang Seng Branch
"Now that the outside world is going crazy, the exchange rate is about to fall. Are you two still in the mood to sleep here?"
After Li Xi'er finished handling matters in the finance department, she just returned to the office when she saw Chen Weidong and Chen Jie sleeping on the recliner in front of the floor-to-ceiling window.
Even if the central air conditioner is turned on to the coldest setting and the blanket is still covering the body, is it cold or hot?
The scorching sun shone in at nine o'clock. When people in the building opposite saw it, they thought the company was showing off its salted fish.
"Sleeping is good for thinking." Chen Weidong was so sleepy that he couldn't even speak.
He didn't sleep well last night. He tossed and turned and was thinking about one thing. He finally went to the company to take a break, but it was too difficult to be told by this woman again.
"The outside world is going crazy. What does it have to do with us?" The third uncle grabbed the blanket on his body and said lazily.
He became like this simply because he stayed up late and played games all night.
"Legend" developed by the computer company is so fun. No wonder those parents want to strongly boycott online games. Even he can't resist this thing.
"If the exchange rate falls and the Hong Kong dollar depreciates, you two will just wait and sleep on the street!" Li Xi'er said angrily. She had only had money for a few days, and she became lazy.
"There should be no problem with the Hong Kong dollar exchange rate. International hot money drunkards are not interested in drinking. How could a silly woman like you understand?" Chen Weidong said with all his strength.
With Lao Liu and the others at the Monetary Authority, it would most likely be stable, so he didn't need to worry too much about this.
At present, what he is most worried about is which Hang Seng Index constituent stocks Soros and others will use to destroy the stock market.
What are Hang Seng Index constituent stocks?
In the most popular terms, they are large-cap stocks, heavyweight stocks, and blue-chip stocks in the Xiangjiang stock market.
They almost represent the trend of the entire market, and their total market value accounts for about 90% of the total market capital of the Hong Kong Stock Exchange.
Therefore, their fluctuations will directly affect the rise and fall of the Hang Seng Index.
———————————————
Let me give you another chestnut.
For an ordinary listed company, even if it falls below the limit, its impact on the market will be minimal.
But what if PetroChina fell 5%?
The market will surely tremble three times.
———————————————
Now in 1998, there are only 33 constituent stocks of the Hang Seng Index.
Not compared to later generations, the number has reached more than 50.
Moreover, many Chinese-funded companies were listed in Hong Kong in later generations, accounting for half of the Hang Seng Index's heavyweight stocks. They are not sensitive to exchange rate fluctuations at all, and attacks on the Hong Kong dollar exchange rate have little impact on the stock market.
However, it is now 1998, and the stability of the stock market is far less than it would be 20 years later.
Now, as long as the Hong Kong dollar exchange rate is vigorously attacked, the stock market will crash, because most of the stock markets are local companies in Hong Kong, and their assets are directly linked to the Hong Kong dollar exchange rate.
Although there are currently only 33 constituent stocks in the Hang Seng Index, it is extremely difficult to find stocks where Soros and others may be lurking.
You might say, can’t we just buy them all?
Then do you know the total market value of these 33 stocks?
4.2 trillion!
Do you really think that Infinite Company has rescued the market several times, giving people the illusion that a few billions can move the stock market?
When there are no major problems with market fundamentals, doing this can indeed turn things around.
Because in normal times, the daily trading volume of the Hong Kong stock market is only a few billion.
Spending one billion on it might push the market up by one or two points.
But now, the market has shown that a storm is about to come, and there is no good news in the world.
Dark clouds are threatening to overwhelm the city, and even the investors with the least financial knowledge know that a heavy rain is about to begin.
Even if you are a long-term investor, as long as the stock market falls fast enough and violently enough, I don't believe you can still sit still.
If you hesitate for a few minutes, you may lose more than ten points. Who can bear this?
If you don’t throw it, others will. People who run faster will lose less.
Therefore, once the panic effect occurs, countless people will inevitably follow suit and sell stocks, triggering an avalanche of declines.
Even the Hong Kong government cannot accept this offer.
Until then.
The purpose of international hot money has been achieved.
Now, after the stock market has been declining for several months, Chen Weidong is absolutely convinced that Soros and the others must have secretly absorbed a lot of chips.
I just don’t know when the concentrated selling will start.
At that time, whether the stock market or the foreign exchange market collapses, it will have a great impact on the other.
Because the two are interrelated, both must be preserved.
As a reborn person, Chen Weidong's only advantage is that he knows that Soros's real goal is the stock market.
Apart from that, I was also totally confused.
According to his estimation, if the Hang Seng Index falls to 6,500 points, it will be the limit that the banking system can bear.
If the stock market and real estate market fall further, banks will have no choice but to sell off a large number of related mortgage assets, thus setting off a vicious selling wave in the stock market and real estate market.
Some small and medium-sized banks may even face bankruptcy due to too many bad and bad debts.
Once a bank begins to fail, Hong Kong's banking system will inevitably suffer a fatal chain blow.
The banks have collapsed, can the Hong Kong dollar still be good?
Price?
It had long been dried to pieces.
When the time comes, it will cost several thousand yuan to buy a handful of leeks. Can you afford it?
Therefore, this is why Chen Weidong wants to rescue the market.
....
Sleep until noon.
Only then did Chen Weidong feel a little more energetic, and he yawned and got up.
Mainly because Uncle San's phone was making a lot of noise, it was always beeping, which really affected his rest.
"You're awake, I thought you were a pig." Seeing that he finally woke up, Li Xi'er couldn't help but complain.
"I'm young and my body is still growing. It's normal to be sleepy. Unlike some people, who have stopped growing." Chen Weidong glanced at her body and said meaningfully.
"What do you know? I have a normal figure, okay? I look good in clothes!" Li Xi'er glared at him and argued unconvinced.
"Haha, she's as thin as a clothes hanger, I really can't admire her."
"Then don't look!"
Li Xier was furious, sitting alone in front of the computer and sulking.
"Would you like to go eat?" Chen Weidong suggested. He touched his stomach and felt a little hungry.
"no appetite!"
"As for that, just say a few words."
Chen Weidong was speechless, and suddenly felt that what was said on the Internet made sense. The more level he was, the greater his temper.
He came to the restaurant on the second floor of the company alone and found that there were not many people here, maybe because the peak meal period had passed.
After all, it's already 12:30, and the stock market will open again soon.
Ever since the last time executives of Infinite Private Equity visited a computer company, they were not at all calm.
Many people complain privately that comparing people to each other makes them angry.
They are both "infinite", so why are the treatments so different?
There are bars, restaurants, gyms, game rooms, everything in the computer building. However, they are engaged in private equity and make the most money for the company, but they don't even have a canteen, and they have to order takeout every day.
Is there still justice? Is there still fairness?
Mr. Chen's bias is as far as the Pacific Ocean. Even if he is not a good trader, he is worse than a programmer.
This matter somehow reached Li Xi'er, and Li Xi'er told him again.
After Chen Weidong found out, he felt really sorry, so he spent a lot of money to buy the entire Lujiao Building and then renovated it.
Some entertainment and living facilities should be as good as those of computer companies, and they are gradually getting better. Otherwise, it would be really outrageous for such a big company to not even have a restaurant.
As soon as he appeared in the restaurant, several staff members recognized him, and Chen Weidong nodded.
I picked up a few of my favorite dishes at the meal pick-up point, and was about to find a seat to sit down and have a good meal, when I heard someone next to me say in surprise:
"Mr. Chen, are you coming to the restaurant for dinner too?"
You'll Also Like
-
Elf System: I, the strongest champion of the league
Chapter 1359 11 hours ago -
Football: What is a mad dog full-back?
Chapter 121 13 hours ago -
Dragon Ball: Saiyan Transformation Era
Chapter 349 13 hours ago -
big beauty little security
Chapter 170 15 hours ago -
Lords of the Three Kingdoms: At the beginning, I threw myself into the mouth of a giant python.
Chapter 135 15 hours ago -
super pocket watch
Chapter 549 15 hours ago -
The card draw starts in Azkaban
Chapter 375 15 hours ago -
Pirate I'm on the Rocks ship 996
Chapter 989 15 hours ago -
Summon Tom Cat at the beginning, I will penetrate the heavens
Chapter 82 15 hours ago -
The Evil Emperor of Naruto
Chapter 238 15 hours ago