Rebirth without Regrets

Chapter 550 It’s time to get to work!

This "invisible war" led by Soros shocked the world like a volcanic eruption. Thailand and Malaysia, which are at the epicenter of the earthquake, are suffering terribly. The economic conditions of Southeast Asian countries continue to deteriorate, and the foreign exchange and stock markets are all the way.

The government has been unable to recover. Feeling that they are unable to cope with the situation, governments of various countries have given up their defensive actions and begun to succumb. They seem to be unwilling to fight back, allowing their national currencies to rise and fall in the market. International currency speculators are even more emboldened. In Southeast Asia,

The financial market is doing whatever it wants and is running rampant for a while. On the other hand, Hong Kong, across the sea, has tightened its nerves more than ever before. At this time, the lonely Hong Kong dollar seems to have become a rabbit in the wilderness. We must be vigilant at all times.

The approaching wolves tried their best to avoid falling into this quagmire.

Although it was later confirmed that the shock in Hong Kong's foreign exchange market in mid-August was just a tentative attack by the international investment group headed by Soros's "Quantum Fund", perhaps the intensity was not even an attack. They used financial futures means

, using a 3-month or 6-month Hong Kong dollar futures contract to buy Hong Kong dollars, and then quickly selling short. As a result, the exchange rate of the Hong Kong dollar against the US dollar once dropped to 7.75:1, which is an important psychological key point known as the Hong Kong dollar exchange rate.

The Hong Kong financial authorities quickly counterattacked, using strategies and means such as tightening money and raising interbank interest rates to confront speculators. The Hong Kong Monetary Authority increased the loan interest to banks, forcing banks to return excess positions, allowing those who borrowed money to sell Hong Kong dollars to buy

Faced with a tough situation, US dollar speculators were deterred by the extremely high cost of speculation. These coping strategies were simple and effective, so they worked in a short period of time. On August 20, the Hong Kong market returned to calm, and international speculators

Returned without success.

But the entire Hong Kong financial market is still clouded. Everyone seems to know very well that the wolf is finally coming. These fierce, greedy, and emboldened international speculators will never give up until they take a bite out of Hong Kong.

.A life-and-death struggle is inevitable.

Faced with the aggressive arrogance of international financial speculators, the Chief Executive of the Hong Kong SAR cautiously stated that the Hong Kong SAR has abundant foreign exchange reserves and its economy is growing steadily. More importantly, the Hong Kong SAR has the support of a powerful motherland. Therefore, this storm has great consequences for Hong Kong.

There will be no particularly serious impact.

At the same time, the Hong Kong authorities are taking precautions, using policies and public opinion offensives to remind these international speculators not to act rashly.

The attitude of the Hong Kong financial authorities is extremely clear: resolutely maintain the stability of the linked exchange rate system. Because decoupling the exchange rate at this time will only cause Hong Kong people to lose confidence in the Hong Kong dollar overnight. Hong Kong is an economic system that relies heavily on exports. Once there is no linked exchange rate

, will immediately reduce the stability of Hong Kong's foreign trade, cause the stock and property markets to plummet again, interest rates to soar, and the economic environment to further deteriorate. Even in the long run, this may not be a blessing to Hong Kong people.

Before leaving London, the first Chief Executive of the Hong Kong Special Administrative Region who was visiting the United Kingdom emphasized that the SAR government has great determination to maintain the linked exchange rate. The Financial Secretary and the Secretary for Financial Services met with the news media and reiterated that maintaining the linked exchange rate is the Hong Kong government's preferred goal.

.To achieve this goal, it is inevitable that interest rates will soar. I hope that the people of Hong Kong will be calm. The Chief Secretary for Administration called on everyone to remain calm. The Hong Kong General Chamber of Commerce issued a statement stating that it supports the linked exchange rate system and called on the financial market to

People need to think calmly and re-examine the foundation of Hong Kong's economy to stabilize the market.

Although the speeches and warnings of Hong Kong politicians have played a certain role, they cannot eliminate the fear and worry of many Hong Kong citizens who have been made insecure by the Southeast Asian financial turmoil. They cannot stop the international financial giants headed by Soros from attacking Hong Kong.

Determination to launch an attack. News has come from the Hong Kong Monetary Authority that Hong Kong dollar futures contracts have increased sharply recently and positions are very high. It has been identified as the so-called international currency speculators. It is expected that in a short period of time, they will

The Hong Kong dollar has launched another attack, and it is predicted that the funds used to attack Hong Kong this time will reach a staggering US$900 billion, which is dozens of times higher than Hong Kong's foreign exchange reserves.

After the Hong Kong Special Administrative Region government received this information, it was also under pressure and did not dare to slack off at all. It immediately reported the situation to the central government of the capital and applied for the Hong Kong government to intervene in the market when necessary. Because if the government does not take action, the stock market will

If it is manipulated and falls to unreasonable levels, interest rates will continue to be high, the exchange rate will continue to be under pressure, and economic recovery will only be elusive.

Although the central government was unable to directly intervene in the market due to international pressure, it still provided strong support. First of all, it insisted that the RMB would not depreciate, and sent a team of financial experts to Hong Kong to cooperate and support the Hong Kong government in resolutely confronting Soros' "

The attack of international speculators led by "Quantum Fund".

This financial expert group is composed of more than ten people. It can be said that it brings together the top elites in the domestic financial industry, including national financial officials such as the vice chairman of the China Securities Regulatory Commission and the director of the Central Bank’s Monetary Policy Department, as well as well-known domestic and foreign leaders.

Experts and scholars. The team leader Liu Ningqiang is even the deputy governor of the central bank.

However, the person who really led this work was not Liu Ningqiang, but the deputy team leader Ge Hongrui.

Ge Hongrui is a well-known financial expert in China. His public identity is as a professor of economics at Peking University, a doctoral supervisor, an academician of the National Academy of Social Sciences, and the vice president of the Financial Research Association. At the same time, Ge Hongrui is also the chief financial officer of the Central Committee of the State Council, enjoying deputy ministerial level treatment, and often provides

He has contributed ideas and contributions to national economic policies, and it is not difficult to find his shadow in many financial policies in the process of national governance.

The central government's order to the expert group to go to Hong Kong is to ask them to pay close attention to Hong Kong's financial situation and, if necessary, join forces with the Hong Kong Monetary Authority to fight against international speculators led by the "Quantum Fund".

Hong Kong has just returned to the embrace of the motherland. The central government fully supports the response measures taken by the Hong Kong SAR government, especially its determination to maintain Hong Kong's linked exchange rate system and maintain the overall stability of Hong Kong. Whether it is Liu Ningqiang or

Ge Hongrui could completely understand it. But then the leader told them something that made them puzzled and even a little surprised. They couldn't figure out what was going on.

It turned out that the chief asked the two of them to maintain close contact with Leng Binghan after they went to Hong Kong, share intelligence resources, and even ask Leng Binghan for help when they encountered problems.

It seems too abrupt that an unrelated outsider would be involved in a major national financial matter. Yes, no matter how much Leng Binghan is from the Yamen and no matter how favored by the old Wang family, he cannot be blinded by ignoring the importance.

Blending in, right? Even if you want to pave the way for him, you can't treat national affairs as a child's play, right?

However, even though Liu Ningqiang and Ge Hongrui had doubts and dissatisfaction with the chief's arrangement, it was difficult for them to express it openly. What's more, this is not the first time that similar arrangements have been made for their children to be gilded.

Yes, but the previous ones were not so exaggerated. Of course, who makes Leng Binghan have a good life? Not only does he have a great father, but he also has an even more powerful godfather?

As for Leng Binghan's statement that he is mainly responsible for liaising with and organizing private capital in Hong Kong, the two of them couldn't help but sneer. Contacting private capital in Hong Kong sounds very simple, relaxed and comfortable, but in fact it is anything but simple.

Hong Kong has many rich and famous families, and private capital is strong. Not to mention Feiyuan Company, which is ranked first in the world. The funds that home-grown wealthy people like the Huo Group can mobilize are enough to make everyone stunned. But

These wealthy and distinguished families, whether in Hong Kong or at the top of the capital, have extremely deep relationships. It is not impossible to get these shopping mall giants to work together and invest to jointly fight against the "Quantum Fund" and international speculators. But in

In their opinion, only highly respected and mature people have the courage to do such a thing.

But this Leng Binghan, at such a young age, has no virtue to be able to shoulder such an important responsibility? It’s just a name, gold plating to gain merit.

Of course, these things are not theirs to worry about. In short, no matter what, there is nothing wrong with following the leader's instructions. Even if they are wrong, it is the fault of the superiors and has nothing to do with them.

When the expert team arrived in Hong Kong, the city was affected by a Pacific typhoon. The Meteorological Observatory issued an orange warning signal. Heavy rainfall occurred throughout the city and traffic was temporarily disrupted. However, the attention they received during their trip was not affected at all. Global

Reporters from many news media in Hong Kong braved the storm and rushed to the Feiyuan International Hotel in Hong Kong, where the expert team was staying, to report this big news first.

In fact, if the upcoming financial confrontation is compared to a war, this expert team is the military command sent by the central government to the frontline. Although there was no fanfare or publicity in advance, at this extremely sensitive and critical moment

During this period, the meaning of the central government's move was naturally self-evident.

During the same period, Premier Liu, who just took office as Premier of the State Council in the first half of the year and is known as the hawkish leader of New China, also declared at a press conference: "If Hong Kong is in need, the central government will defend Hong Kong at all costs!"

The attitude of the central government has greatly boosted the confidence of Hong Kong citizens. The dark clouds of the financial crisis that once hung over Hong Kong seemed to have dissipated.

Seeing the resolute attitude of the Chinese government, international speculators mobilized world public opinion, including Hong Kong, to attack the Hong Kong government's "administrative intervention in the market" and violated the rules of the market economy. At the same time, opinions also diverged. Some were worried about continuing to attack Hong Kong.

It will provoke retaliation from the Chinese government and Feiyuan, which is too risky and the gains outweigh the losses. Some people think that the Hong Kong and Chinese governments are just paper tigers. Didn’t the Thai government also vow to defend the Thai baht and make us lose all our money?

As a result, he was easily beaten to the ground by everyone and plundered at will. Besides, although Feiyuan was powerful, would he really be so irrational and stand on the opposite side of everyone?

And Soros, who was arranging work in the meeting, after answering a phone call, his expression perked up, a slight smile appeared at the corner of his mouth, and he announced loudly to his capable officers: "Guys, it's time to get to work!

"