Rebirth without Regrets

Chapter 552: Maybe he has a way?

"What should we do now?" The voice was not loud, but it could not hide the confusion in it.

The speaker was Fan Xiangchen, CEO of the Hong Kong Monetary Authority.

His mood was very heavy, and his face was gloomy. His eyes were bloodshot, and it was obvious that he had not slept well in the past few days. It is no wonder that Hong Kong's financial market has been affected by international funds and hot money led by the "Quantum Fund"

The sniper attack almost reached the brink of collapse. Naturally, he, the first director of the Hong Kong Monetary Authority after his return, was extremely worried.

This is not the Hong Kong Monetary Authority, but the room of the expert group on the 38th floor of the Feiyuan International Hotel in Hong Kong. In addition to Fan Xiangchen, there are also Liu Ningqiang and Ge Hongrui, the chief and deputy leaders of the expert group.

As expected by an outside media, the expert group and the Hong Kong government set up a temporary operating room in the hotel, equipped with the most elite traders in Hong Kong, and established a small but capable trading team for the expert group to command.

.This is the headquarters of Hong Kong’s fight against “Quantum Funds” and international speculators. All instructions are issued from here. Hundreds of billions of Hong Kong dollars of funds are also deployed here to be active in the Hong Kong foreign exchange market to fight against these crazy international investors.

Speculators, protect Hong Kong’s financial order.

The room was filled with smoke, and everyone was in a very heavy mood. They were smoking, their faces were ugly, and they were so gloomy that they could almost squeeze out water.

Although hedge funds are often subject to the traditional approach of Hong Kong's financial regulatory authorities when they impact Hong Kong's financial market - raising short-term loan interest rates. Facts have proven that raising short-term loan interest rates will increase the costs of speculators, because they usually

Borrow Hong Kong dollars from Hong Kong banks and then sell them in overseas markets. Through "interest holding", the Hong Kong government easily cut off the supply of international speculators, leaving them unprofitable and instead paying huge interest payments. But this time the speculators attacked Hong Kong

In the financial market, the biggest difference from the past is that speculators did not carry out spot lending activities, but accumulated a large amount of Hong Kong dollars in advance, making the Hong Kong government's "interest rate holding" measures ineffective.

Moreover, the side effects of raising short-term loan interest rates are becoming increasingly apparent. It is too destructive to the stock and property markets. The Hang Seng Index falling to 6,500 points will be the lowest limit that the banking system can bear. Experts analyze that if the stock and property markets fall further, banks will

With no choice, the mortgage assets will be sold off in large quantities, which will set off a vicious selling wave in the stock market and real estate market. Some small and medium-sized banks may even face the fate of bankruptcy due to excessive bad and bad debts. The impact of one move will affect the whole body.

Once a bank begins to fail, Hong Kong's banking system will inevitably suffer a fatal chain blow.

If the Hong Kong government does not "hijack interest rates," speculators will take the opportunity to borrow more Hong Kong dollars to prepare for a greater impact next time. If the Hong Kong government "hijacks interest rates," the speculators' scheme will succeed immediately. Therefore, in this dilemma,

Under such circumstances, the expert group and the Hong Kong government had to rely on their abundant foreign exchange reserves to fully accept the Hong Kong dollars sold by speculators in large quantities, maintain the linked exchange rate, and defend the foreign exchange market. However, under the influence of high interest rates, the economy paid a high price, and interest rates

Remaining high, both the stock market and property market fell sharply, severely damaging the economic vitality. However, the stock market plummeted all the way. In just nineteen trading days, the Hang Seng Index and the futures index fell by more than 2,000 points. International speculators were victorious and arrogant.

They nicknamed Hong Kong their "super cash machine" and declared that Hong Kong must lose.

Hong Kong is known as the freest economy in the world. The Hong Kong government's principle of "active non-intervention" in the market has always been "active non-intervention". However, in the face of this situation, non-intervention is equivalent to sitting back and waiting for death, watching people take money from their pockets without being able to move. If

If international speculators like Soros are allowed to win away the hard-earned money of Hong Kong people again and again, no matter how strong Hong Kong's economic strength is, it will one day be wiped out. Therefore, the Hong Kong government must take action to defend Hong Kong's financial order, and the financial management

The Bureau is the institution that shoulders this sacred mission.

But now there are not many choices before Fan Xiangchen. One is to implement foreign exchange controls, and the other is to announce the decoupling of the Hong Kong dollar's linked exchange rate against the US dollar. However, he believes that neither of these two methods is advisable. If the Hong Kong dollar is announced to be decoupled from the US dollar, it will be completely

It is to repeat the mistakes of Southeast Asian countries and surrender to the "Quantum Fund" and international speculators, and to allow these financial "robbers" to rush into homes and loot without any scruples. This is not only for the new SAR government, but also for

This is completely unacceptable to the central government. If the market entry fails, not to mention the CEO of the Hong Kong Monetary Authority, even the Financial Secretary and the Director of the Financial Services Bureau will all step down to shoulder this responsibility.

At this time, it is already difficult to accurately judge the situation, not to mention that what is in hand is the hard-earned money of Hong Kong citizens? Fan Xiangchen has been unable to sleep all night, and has not slept a wink for several nights in a row.

Liu Ningqiang just smoked without saying a word, feeling even more annoyed and regretful in his heart. Back then, Leng Binghan had reminded that the international speculators were all interested in Hang Seng Index futures. Beware of them selling in the foreign exchange market first.

The empty Hong Kong dollar forces the Hong Kong Monetary Authority to adopt the old trick of raising interest rates and suppressing the stock market. When interest rates rise, the stock market is bound to fall, and the Hang Seng Index futures will also fall simultaneously, and then be sold at a lower price in the futures market.

Shorting the Hang Seng Index futures loan, both the foreign exchange and stock markets made profits. But at that time, he did not take Leng Binghan's kind reminders to heart at all. In his opinion, Leng Binghan was just a condescending young man, how could he understand

What finance and politics? Unexpectedly, the development of the situation was exactly as Leng Binghan expected.

This time, the Hong Kong government transferred a large amount of foreign exchange reserves, absorbed all the selling of the Hong Kong dollar, and intervened in the market, which was also due to its own intentions. Now it has finally raised the Hong Kong dollar exchange rate to above the psychological mark of 7.75, barely holding it. But the number

Tens of billions of dollars of foreign exchange reserves were firmly trapped in it, but it was powerless to deal with the rapid decline of stock markets and futures. Although Liu Ningqiang believed that his judgment was correct, if he was really held accountable, his responsibility would be irresistible.

shirk.

Ge Hongrui took a few puffs of his cigarette and then said slowly: "This time we really underestimated the strength of Soros and international speculators, and have fallen into the current situation of being passively beaten. We must plan carefully for the next step."

"Let's see if the central government can mobilize another batch of funds?" Fan Xiangchen asked tentatively.

In fact, there are many solutions. The so-called "one force reduces ten", as long as you have enough funds and enter the market in large quantities, you can quickly boost the Hang Seng Index. This not only makes the speculators unprofitable in the early sell-off, but also steals the chicken.

Don't lose the rice.

Ge Hongrui shook his head, with a wry smile appearing on his lips.

In order to stabilize Hong Kong's financial market and ensure that the Hong Kong dollar is not impacted, the expert team went to Hong Kong this time. In fact, it was fully authorized by the central government and the State Council to directly mobilize huge amounts of foreign exchange reserves to intervene in the market. The central bank also received the same authorization.

order. But some time ago, in order to stabilize the exchange rate in the face of huge selling orders, not only the Hong Kong government invested more than 100 billion Hong Kong dollars, but the expert team also urgently mobilized nearly 10 billion US dollars.

It is not impossible to continue to allocate funds from the central government, but it is still unknown whether the "quantum funds" and international speculative funds can really be repelled by the nearly huge amount of selling. China's foreign exchange reserves at the time were approximately US$140 billion.

Including Hong Kong's, it is only more than 200 billion U.S. dollars. Compared with the "Quantum Fund" and the international speculative funds of more than 900 billion U.S. dollars this time, it is really nothing. Even if they all invest in it, if Hong Kong's stock and currency markets are like Thailand's

Just like a mass exodus, this amount of money is enough to support the market for two or three weeks.

Liu Ningqiang also said: "We are afraid that if we continue to invest money, it will become a fueling tactic. Not only will it not play its due role, but it will encourage the other party's arrogance, unless we have a complete plan."

Fan Xiangchen sighed lightly, but did not show any disappointment.

It's not like he hasn't thought about what Liu Ningqiang said, but at this point, he really can't think of any other better way. Is he just going to watch Hong Kong repeat the mistakes of Southeast Asian countries?

According to the analysis of officials from the Hong Kong Monetary Bureau, "the situation is over." If the Hong Kong government does not take effective measures, the Hang Seng Index will soon plummet to 4,000 points, bank loan interest rates will be at an all-time high, and Hong Kong is likely to "die" within 5 days.

This outcome is unacceptable to both the central government and the Hong Kong government.

"There is not no way." Ge Hongrui said slowly after pondering for a while.

"Oh, if Director Ge has something to do, you might as well just say it." Fan Xiangchen perked up after hearing this, looked straight at Ge Hongrui, a look of hope suddenly appeared on his face, and said eagerly.

"We can raise funds from Hong Kong's local private institutions." Ge Hongrui pondered and said slowly.

Although his method is not novel, it still makes sense. There are many rich people in Hong Kong, including many in the world, especially top multinational conglomerates like Feiyuan who are as rich as the rest of the world. If they really want to form a rope

, unite many financial groups in Hong Kong to vigorously confront international speculators, and the number of winners and losers lies between two options.

"I understand this, but..." Fan Xiangchen shook his head in disappointment.

They have thought of this method a long time ago. But what makes everyone in the Hong Kong government full of doubts is that no matter how they lobby, the attitudes of many financial groups in Hong Kong have always been somewhat ambiguous. Fan Xiangchen is very puzzled.

No eggs laid? Finance and industry in Hong Kong have always been closely related. When the storm comes, no one can be alone. Why are these consortiums unwilling to fight back?

Especially Feiyuan's attitude makes the Hong Kong government very worried.

This financial defense war has been going on for almost a month since the "Quantum Fund" and international speculative funds attacked the Hong Kong dollar. But contrary to everyone's expectations, Feiyuan has never stood up and called on all financial groups in Hong Kong to attack the Hong Kong dollar.

The invading international speculative funds fought head-on and launched a much-anticipated war. If it weren't for the vast majority of Hong Kong people, they still believe that Hong Kong is the "blessed place" where Feiyuan was born, and it is also the headquarters of Feiyuan Company.

As for doing something that seriously damages the overall interests of Hong Kong for some money. Otherwise, the Hong Kong government may still worry about whether Feiyuan will join the ranks of snipers.

After all, strictly speaking, Feiyuan does not have many industries in Hong Kong. If Feiyuan also participated in the attack on the Hong Kong dollar, not only was the impact minimal, but the benefits were extremely astonishing.

Ge Hongrui glanced at Fan Xiangchen, said nothing, and picked up the tea cup to drink tea.

Fan Xiangchen didn't finish what he said, but Ge Hongrui already understood. Perhaps this is the bad nature of the Chinese people. They never find the root of the problem and are never willing to step forward. And when bad luck finally befell him, he regretted it.

and.

"I think there might be someone who can help!" Liu Ningqiang, who had been silent for a long time, suddenly said.

"Who?" Fan Xiangchen and Ge Hongrui's eyes lit up when they heard this, and their expressions were no longer as calm as before. They asked hurriedly in unison, looking at Liu Ningqiang with four eyes, and there was a hint of nervousness in their usually steady tones.

.

As night falls, the lights of Victoria Harbor gradually turn on. The seaside guardrail blocks the sound of waves crashing on the shore, reflecting the continuous colors of the sea. The dazzling Hong Kong Island on the other side is dizzying. With the reflection of the waves, it becomes even more luxurious. Looking back

In Kowloon, the glow is fading, the lights and flowers are fading away, a few returning boats are lying quietly on the pier, and the clock tower is still alone. The Wan Chai Convention and Exhibition Center is bright and clear, Causeway Bay is bustling, and the tall buildings in the Central and Western District are scattered

The buildings are brightly lit, the lights in the center of Central pierce the sky, and the looming stars on the black Victoria Peak are the edges of this sea of ​​lights. In a blur, the sightseeing cruise ships and even the Star Ferry on the sea have become a dispute between the two sides of Victoria Harbor.

Beautiful performers, water, lamps, boats and people all played a beautiful song together.

It was then that Victoria Harbor became real, and her makeup became more luxurious - the dazzling sea of ​​lights on both sides of Hong Kong and Kowloon was the luminous eyeshadow she applied on herself, making the bright colors match Hong Kong's charming lines and luxurious evening dresses. Victoria Harbor suddenly

The bright and dark eye waves are not as flamboyant as her luxurious makeup. There is glitz and glitz in the changing tides, and she looks coldly through the world of mortals, but it is more exciting.

However, no one noticed in the night that a few people in ordinary clothes and in a hurry secretly left the hotel from the staff passage of Feiyuan International Hotel in Hong Kong and boarded a Rolls-Royce that had been waiting here for a long time.

, and then, escorted by two bulletproof Mercedes-Benzes at the front and rear, they slid through the dimly lit urban night, their bright car lights shining brightly and brilliantly in the night, and headed straight for Repulse Bay.

Repulse Bay is located in the south of Hong Kong Island. It is the most representative beautiful harbor in Hong Kong. It has smooth waves, fine sand, wide beach bed, gentle slope, and warm water. Because of its beautiful and charming scenery, Repulse Bay has always been one of the famous high-end residential areas on Hong Kong Island.

, the area is dotted with luxurious residences, and if you pick any householder at random, he will be a big shot in Hong Kong and shake the world.