God of Rebirth Trader
Chapter 90 Appearing at the Stock Exchange
1998.
The last day of August.
Seven o'clock in the morning.
Before the decisive battle started, news came from the Chinese mainland.
Senior officials publicly stated at the press conference:
"If under certain circumstances, the SAR needs help from the central government, as long as the Hong Kong government makes a request to the central government, the central government will maintain Hong Kong's prosperity and stability and protect its linked exchange rate system at all costs!"
At present, there is a formidable enemy, and the Chinese authorities can only encourage and support it, becoming the most solid backing for the Hong Kong government.
Eight in the morning.
Two deputy governors of the Central Bank of China are already sitting at the Monetary Authority, ready to respond at any time, and have called on all Chinese-funded institutions in Hong Kong to fully support the market protection operation.
Looking around the world, the financial climate has become extremely bad. The Dow Jones stock index in the United States fell by more than 300 points, and the stock markets in Europe and Latin America fell by three to eight percentage points.
The Hong Kong stock market is about to face the most severe test under the spotlight!
Everyone in the Hong Kong Monetary Authority has already discussed it, and their strategy is: We will buy as much as Soros sells!
One buy and one sell, the fluctuations of the Hang Seng Index are offset.
If the Hang Seng Index does not fall, Soros will not be able to make a profit.
Mainly adopt the strategy of making big advances and retreating slowly, playing steadily and step by step.
Stabilizing the Hang Seng Index has become their only goal.
The reason for adopting this seemingly low-tech solution is also a helpless move.
Because this is not only a battle of the century, but also a "gamble of the century."
The then Financial Secretary, Tsang Kam-kuen, knew very well that what they were holding was the hard-earned money of the people of Hong Kong.
It would be fine if I won the bet.
In case you lose.
Not to mention taking the blame and resigning, it would be a minor offense for them to even die to apologize.
Since the financial turmoil, the currencies of all Southeast Asian countries have been crushed by Soros. At this time, if the linked exchange rate is not maintained, Hong Kong people will only lose confidence in the Hong Kong dollar overnight.
A chain reaction will inevitably lead to another sharp decline in the stock and property markets, soaring interest rates, and further deterioration of the economic environment.
Therefore, after communicating with the Hong Kong government, Zeng Jinquan made a difficult decision:
Rather than letting the wealth of the people of Hong Kong fall into the hands of international speculators, it is better for the Hong Kong government to enter the market, use foreign exchange reserves, and take advantage of it!
The Chinese authorities also support it!
There is no turning back when the bow is drawn.
At this moment, they have no choice but to fight!
It is worth noting that the settlement price of Hang Seng Index futures is calculated based on the average of the Hang Seng Index quotes every five minutes on that day.
Therefore, if you want to raise the settlement price, you must at least ensure that the trend of the Hang Seng Index is stable.
To achieve this goal, the Hong Kong government must make every effort to defend the country to the death.
After several previous confrontations, the final showdown between the two sides came as scheduled.
There was a huge crowd at the entrance of the Hong Kong Stock Exchange.
Reporters and media from all over the world gathered here to broadcast live online and rebroadcast this battle of the century.
The nearby restaurants and teahouses were already full, with people standing and squatting.
Under such circumstances, who is still in the mood to go to work?
The company is on collective holiday.
After all, if this battle is lost, the boss's wealth will be greatly reduced, and no one can escape.
Around nine o'clock.
Millions of people in Xiangjiang locked the channel, waiting for the bell to ring when the market opens.
at this time.
Suddenly someone shouted:
"Brother Jack?!"
The shout instantly attracted the attention of everyone at the scene, even the reporters who were broadcasting live to the camera.
It turned out to be the financial tycoon, speculative genius, and great philanthropist who had disappeared for “a long time”—Chen Jie!
Wearing a "red vest", he appeared at the door of the Stock Exchange!
Along with them were 20 traders also wearing red vests.
Countless media reporters rushed forward instantly, and the order at the scene suddenly collapsed.
The cameraman, who was physically strong, charged directly with a long gun and a short cannon. The local Xiangjiang reporter was very experienced and quickly followed.
There is almost no need to pause the live broadcast to synchronize the pace of the photographer and provide commentary without fear of breaking the signal line.
Only some foreign media had never seen such a crazy scene and were still stunned.
By the time they reacted, the entrance to the Stock Exchange was already so crowded that they couldn't squeeze in.
Facing the menacing attack of a group of reporters, more than a dozen security personnel rushed out immediately, formed a human wall, and struggled to keep the crowd at a certain distance.
Chen Jie was also frightened by this crazy scene. He didn't expect so many reporters to come, several times more than last time.
Because there were too many people nearby, it was impossible for cars to drive over, so they parked far away and walked over.
Unexpectedly, he was wearing sunglasses, and as soon as he showed up, he was still spotted.
These reporters are so awesome.
If those reporters could hear what he was saying, they would definitely say with a smile: "Brother, with your hairstyle, face shape, and walking pace, how many people in Hong Kong can't recognize you?"
There are many young people in Xiangjiang who admire him and imitate his speaking style, especially when he shrugs, he has a touch of elite style.
Many people believe that this is the temperament that a true "business elite" should have.
Not a street kid like you who wears a suit and is mistaken for an insurance salesman at a glance.
Although he is wearing a red vest today, he is still very handsome. The code 099 on his clothes represents his identity as a trader.
A reporter asked: "Mr. Chen, what do you want to do when you appear on the Stock Exchange this time?"
Chen Jie: "Do you need to say more? Looking at my clothes, it's obvious that I'm here to buy stocks."
Facing countless cameras and flashlights, he responded very calmly and naturally.
Another reporter asked: "Who do you think will win the final victory, Soros or the Hong Kong government?"
Chen Jie: "That must be the Hong Kong government. Even if it wants to become the enemy of financial institutions around the world, we will spare no effort to support it!"
His sonorous and powerful answer made those investors who watched the live broadcast on TV feel particularly encouraged!
The reporter excitedly asked: "Mr. Chen, how much money did you bring to rescue the market this time?"
Chen Jie: "This will be kept secret for the time being. We will all wait and see when the time comes."
"Mr. Chen, someone photographed you with..."
"Okay, okay, time is running out, I'm going to enter...I'll answer next time..."
Chen Jie hurriedly waved his hand, interrupted the reporter's questions, passed the security personnel's verification, and entered the trading hall of the Stock Exchange.
They had already locked their seats before this, and their position was in the front row of the trading floor display screen, which was specially arranged for them by the Stock Exchange.
They sit on the right.
Later it was also called "multi-party seats".
Because almost all of the traders on the left are "short-selling" traders, and many financial institutions in Central are involved.
"Old Feng, why is there no one here?"
Chen Jie looked around and saw that all the seats on their side were empty, and they were the only one in the organization.
"Maybe... we are the only one who is long."
Feng Yiwen was also surprised. He did not expect that except for the Hong Kong Monetary Authority, no institution in Hong Kong could do more.
The market is completely one-sided.
"Hey, brother Chen, are you here too?"
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