Wealth

When Soros made the move to the Hong Kong dollar, the Hong Kong financial management authority immediately intervened in the market and bought a large amount of the Hong Kong dollar to maintain the Hong Kong dollar/US dollar exchange rate above the psychological threshold of 7.75 Hong Kong dollars.

In the first week, the expected effect was indeed achieved. But soon, the exchange rate of the Hong Kong Office against the U.S. dollar fell below the 7.75 Hong Kong dollar mark. The Hong Kong Monetary Authority once again used foreign exchange reserves to fully intervene in the market, pulling the exchange rate of the Hong Kong dollar above the 7.75 Hong Kong dollar, demonstrating its strong financial strength.

Soros' first tentative offense failed in the powerful defense of the Hong Kong Monetary Authority.

Under this situation, the head of the Hong Kong Monetary Authority met with Fan Wuyi urgently and asked for his help.

However, at this time, the situation is still under control. Therefore, although the director of the Monetary Authority is prepared for a rainy day, his mentality is still relatively relaxed. He invited Fan Wuyao to drink tea and chat in a teahouse with a lot of history.

What's interesting is that the owner of this building is from the old Beijing in the mainland. Although he can speak Cantonese at this time, he still speaks with Fan Wuyao, but he still has a mellow Beijing accent.

The boss and the director seem to know each other very well. Maybe they receive guests from the mainland and often lead here. The boss personally told the guys to serve them tea, and then said, “If you want to drink good tea, you must have good water. Speaking of this water, you have to talk about Lord Qianlong of the Qing Dynasty. Legend has it that Lord Qianlong did a wash In water law, he made a silver bucket to identify the best water in the world. The lighter water is better. As a result, the water in Yuquan Mountain in Beijing is the lightest, ranking first, the river center water in Yangtze River is second, and Huiquan is the third running spring. Fourth. So Lord Qianlong designated Yuquan mountain water as the water used in the palace. However, the water quality of Yuquan Mountain's water urn will change for a long time. What should I do? Qianlong ordered people to pour other springs or lake water. Put it in the urn and stir vigorously. After stirring, the water from Yuquan Mountain will float to the top while the other water is heavy, so naturally sinking underneath is the washing water."

"Oh, there is such a thing?" Fan Wubing had never heard of such a thing. He couldn't help but asked curiously, "Then what kind of water do you use here?"

Seeing Fan Wubing's interest in what he said, the boss was happy to boast, "The washing method is also used in small shops. I made four sand jars, and put half of the first sand jar in the upper and lower four layers. The pebbles are covered with pebbles and the area around the Prince Beach is white and thick, white eyes, white eyes, white eyes, and another layer of bark. The river water falls from the mouth of the tank and there is a small hole underneath. A bamboo tube is inserted, and the water flows in from the embroidery tube. The second water tank under the stone steps. At the bottom of the second water tank, there are seven fist-sized seven-sided and eight-orifices. The whole body is full of pockmarked pebbles, and then there are about thirty small walnut-sized pebbles. The pebble stone is covered with white eye sand and palm bark, and flows into the third sand tank. The bottom of the third sand tank is about one foot thick with small pebble pebble stones placed on top of a layer of green sintered tree. On the finished bar charcoal, a layer of charcoal is put on the charcoal that can clear the fire. Then, river sand and tree bark are spread on the charcoal to make the water flow into the fourth water tank.

In this way, the already very good river water is filtered through the four sand tank layers to be very pure, and it is naturally good to make tea. "

Fan Wubing took a toast. Sure enough, I feel that it is different from what I usually drink. Can't help but praise. "It's really different. I've drank it many times in Beijing. But I have never seen someone who works hard like you, the boss."

"Praise it. Praise it. The guests are comfortable. Recommend a few more friends to join in. I am very grateful." The boss laughed. In contentment, I also don't forget to pull business for myself.

Wait until the boss leaves. The director said to Fan Wuyao. "Financial crocodile Soros wants to let Hong Kong follow Thailand's footsteps. The coming is fierce. People on Hong Kong Island are panicking. The stock market is unstable. We are particularly worried. Although this attack was defeated by us. But based on past experience, Soros is definitely not. The kind of person who is willing to give up easily. He is making a large number of long-term purchases of the Hong Kong dollar. He is ready to pay more attention to the glory of the battles in England and Southeast Asia. I hope that Mr. Fan can draw his sword to help. In order to save the crisis."

After Fan Wubing was polite. Give him an analysis. "This time Soros's decision is not wise. Because he did not consider Hong Kong behind China. The foreign exchange reserves of Hong Kong and China are more than 200 billion U.S. dollars. Together with Taiwan and Macau. Foreign exchange reserves are not less than US$3,74 billion. Such a powerful force. It is not comparable to countries such as England and Thailand. This time the attack on the Hong Kong dollar. The chance of winning is not very high."

"Although the high-level people are more confident. But when Soros sniped the Thai baht land. He also concentrated hundreds of billions of dollars in funds. Taiwan and Macau funds. We can't use them in a short time. However, the mainland and Hong Kong have two thousand. There are more than one billion US dollars in foreign exchange reserves, but it is impossible to invest all of them in this financial war." The director explained to Fan Wuyao.

"I also understand this. Otherwise, I will not be able to stay on Hong Kong Island."

Nodded and said.

For Hong Kong, maintaining a fixed exchange rate system is a guarantee for people's confidence. Once the fixed exchange rate system falls under the impact of international hot money led by Soros and others, people will lose confidence in Hong Kong and ruin Hong Kong's prosperity.

At this important moment when Hong Kong has just returned, protecting the stability of the exchange rate of the Hong Kong dollar is an important manifestation of the ability of the SAR leadership to govern and an important symbol of enhancing Hong Kong people’s confidence in the SAR government. Therefore, defending Hong Kong’s currency stability is destined to be a life-and-death task. In a life-and-death battle, the Hong Kong Special Administrative Region Government will fight back any challenge to the Hong Kong dollar at all costs.

"If Soros continues to attack the Hong Kong dollar, the SAR government will make a corresponding statement and fight to the end." The director said to Fan Wuyao.

After hearing this, Fan Wubing replied, "Since we have made this determination, we should make a statement as soon as possible. On the one hand, Soros will be put on a rat-pocket, on the other hand, it can also enhance the confidence of Hong Kong people. Dislike it."

"Mr. Fan's meaning is good, but he thinks that he has not yet reached the point of exhaustion at this time, and premature intervention in the financial market will also affect investment confidence." The director expressed embarrassment.

"If you stop constantly, you will suffer the chaos." Fan Wu replied, "Te himself is also a genius with a very clever economic skill. How can he be afraid of his tail after changing his situation at this time? This is not the style of the market."

"It's hard for me to say such things--" the director said bitterly.

Te’s life experience is also very colorful. His father, Dong Haoyun, was a ship king. Dong Haoyun died of a heart attack in 1982. In addition to the decline of the world’s shipping industry, there was a large excess of cargo tonnage and ship prices plummeted. His family company, OOCL Being able to respond in a timely manner led to a sharp drop in performance. Tung Chee-hwa owed huge debts of more than 20 billion Hong Kong dollars.

In 1986, Fok Yingdong contributed 120 million U.S. dollars to rescue Orient Overseas. In May of the same year, he announced the reorganization of the company. In the new Dong Group, he lost control, changed from his boss to a staff member, and borrowed 250 million yuan from five banks with the Bank of Tokyo.

In 1991, thanks to hard work, OOIL finally turned losses into profits, with a profit of 9.8 million U.S. dollars.

By the half-year interim results of 1994, OOIL’s operating profit had risen eightfold to 40 million U.S. dollars. It finally saved the ancestral business and turned from a negative man to a rich man.

The election this time is inseparable from Huo Yingdong's strong recommendation.

Fan Wubing is more aware of the process of this child, and that's why he has such a discussion.

Although the two people did not come up with the results of the policy interview, Fan Wubing still agreed to the request of the SAR side, indicating that he would contribute to the stability of Hong Kong’s prosperity in his own way, and under this situation, the SAR side has also changed. In order to **** the Hong Kong dollar, he hoped that Fan Wuyi’s funds would withdraw from his previous decision.

However, Fan Wuyao still had some cares in his heart. He knew very well that Soros's sniping on the Hong Kong dollar was actually Xiang Zhuang's intention to dance with Pei Gong, and he had other plans.

The Hong Kong dollar has been pegged to the U.S. dollar since 1983, and 7.8 Hong Kong dollars have been converted to one U.S. dollar. It is obviously not feasible to use the US dollar to snipe the US dollar. So why did Soros do this? In the original history, he shorted the Hang Seng Index under the pretext of sniping the Hong Kong dollar, which caused the Hang Seng Index to fall from 18,000 to 6,000, which severely slumped the Hong Kong economy.

From this perspective, Soros's Asian sniper operation is basically a complete victory.

It’s just that the attention of the SAR government is only on defending the Hong Kong dollar~www.wuxiaspot.com~ To maintain the stability of the stock market, too much energy is needed, and it will be difficult to accomplish it with the best of the SAR government, or The ten major families in Hong Kong can achieve this goal by working together.

But Fan Wubing also noticed that, let alone whether the top ten families can work together, even if they can work together to support the market, there are too many bubbles in the Hong Kong stock market, and it must be squeezed.

In Fan Wuyi's view, the funds in the SAR are already sufficient to maintain the stability of the Hong Kong dollar market, and it is enough to support them at most US$20 billion to defend the Hong Kong dollar. The top priority is to prevent Soros from taking too much money from the Hang Seng Index.

The Hang Seng Index is now operating at a high level, and there is a danger of downside at any time. Although some people have been yelling that the Hang Seng Index will go up to 20,000, it is obviously unrealistic, especially under the current economic situation.

Fan Wubing thought to himself that the fall of the Hang Seng Index is already expected anyway. He has to support the market and it will always cost some money. It is better to make arrangements in advance and short the Hang Seng Index, so that some losses can be recovered at that time, or it may be able to. A big profit can also be expected.

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