Wealth

Cai Se Chapter 454 Let's Go Short Together

The disease-free financial group lives in Hong Kong. Many of them are Soros and others. Analyze its trends. So whether it is in the financial turmoil in Thailand. Soros is still in the process of sniping the Hong Kong dollar. They are very familiar with the movements of Soros and others.

Soros is now frantically attacking the Hong Kong dollar for the world. Then the profit means is naturally still on the Hang Seng Index. Therefore, after Fan Wubing put forward the idea of ​​shorting the Hang Seng Index in advance. They began to establish three-month to six-month short contracts on a large scale. Start to accumulate combat power.

The Monetary Authority is very puzzled by Fan Wuyi's short-term behavior. However, Fan Wubing has provided 20 billion US dollars in foreign exchange reserve assistance to the special zone at this time. It's hard to say anything. After all, people on Hong Kong Island, who are at stake, provided far less help at this time. these people. When not suffering from skin pain. They all refused to pluck a dime to benefit the world. July 21st. Soros began a new round of offense. That day. The US dollar against the Hong Kong dollar rose to 250 points in a three-month forward. The three-month interbank lending rate for Hong Kong dollars rose from 5.575% to 7.06%. The Hong Kong Financial Services Administration feels that if it does not counterattack from a policy level. Dispel the opponent's offensive. So after many discussions. Immediately, an anti-war was carefully planned the next day.

The SAR government approved a large sum of government bonds. Raise the Hong Kong dollar interest rate. In turn, the exchange rate of the Hong Kong dollar against the U.S. dollar rose sharply. at the same time. The Hong Kong Monetary Authority issued a verbal warning to two banks suspected of speculating in Hong Kong dollars. Make a Hong Kong dollar speculators tremble. Finally, he chose to withdraw from the Hong Kong dollar speculation team. This will undoubtedly weaken Soros' speculative power.

When the Hong Kong dollar began to sell off again. The Hong Kong Monetary Authority under Fan Wuyi's suggestion. It also substantially increased short-term interest rates. The interest rate of overnight loans between banks skyrocketed. A series of counterattacks prevented Soros from seeking any advantage in his Hong Kong campaign. lost heavily.

At this time, the Central Government also emphasized. Will fully support the Hong Kong government to defend the stability of the Hong Kong dollar. When necessary, the Bank of China will cooperate with the Hong Kong Monetary Authority. Join forces to combat Soros’ speculation. This is undoubtedly a tonic for Hong Kong. But it is definitely bad news for Soros.

The bad news Soros heard was far more than this.

July 25th. The central bank meeting table of eleven Asia-Pacific countries and regions, including China, Australia, Hong Kong Special Administrative Region, Japan, and ASEAN countries, was held in Shanghai. Regional economic development in the Asia-Pacific region is doing well. Strengthen cooperation with each other to jointly combat currency speculation.

On August 14th and 15th, some solid investment funds entered the Hong Kong foreign exchange market. They use financial futures to buy Hong Kong dollars with three-month or six-month Hong Kong dollar futures contracts. Then quickly sell short. As a result, the exchange rate of the Hong Kong dollar to the U.S. dollar was one, and the Hong Kong dollar was exchanged for one U.S. dollar at 7.75. 7.75 is also known as an important psychological point of the yuan exchange rate.

The Hong Kong Monetary Authority responded quickly. Fight against speculators by tightening money and raising interbank interest rates. The Monetary Authority raised interest rates on loans to banks to force banks to return their excess positions. Let those speculators who borrow money to sell Hong Kong dollars to buy U.S. dollars face a tough situation. Be discouraged under the extremely high speculative cost.

In a short time. That is less than a week. It will restore calm to the port city. The speculators returned without success.

However. Everyone understands it very well. This group of speculators will not stop there. The **** struggle between the two sides is inevitable. The Hong Kong authorities have even adopted a two-pronged offensive against rain. Remind these international financial giants not to act rashly.

The attitude of the Hong Kong financial regulatory authority is extremely clear. Resolutely maintain the stability of the linked exchange rate system. The Chief Executive of the Special Administrative Region who is visiting the UK emphasized before leaving London. The SAR government has great determination to maintain the linked exchange rate.

And the Financial Secretary Donald Tsang. Secretary for Financial Affairs Xu Shiren met with the media. It is reiterated that maintaining the linked exchange rate is the goal of the Hong Kong government. It is inevitable that the interest rate soared for this goal is to hope that the people of Hong Kong will be safe. The Chief Secretary for Administration, Anson Chan, urged everyone to stay calm. The Hong Kong General Chamber of Commerce declared that it supports the joint exchange rate system. And call on people in the financial market to think calmly. Re-examine the foundation of Hong Kong's economy. And to stabilize the market.

Tsang Yinquan made an investment negotiation. The SARs will not change the currency system or the relationship between the Hong Kong dollar and the U.S. dollar. It was only speculators who lost their lives by investing in Hong Kong dollars.

Of course. International speculators have repeatedly attacked the Hong Kong dollar not only to make a profit on the exchange rate of the Hong Kong dollar. Adopt a comprehensive strategy. Benefit from the stock market and futures market. Their approach is. First accumulate a large number of short positions in the futures market. Then buy forward dollars. Sell ​​forward Hong Kong dollars. Make a big splash.

When the Hong Kong government takes measures to counteract the attack on the Hong Kong dollar, it will substantially increase interest rates. The stock sentiment faded. People are worried that the sharp rise in interest rates will push down the stock and property markets. this

Those who took advantage of the trend. Let the period refer to a big dive.

then. Panic in the stock market. Fear of selling stocks. Speculators can close their short positions and get huge profits. In other words. Although the speculators failed in the Hong Kong exchange rate. Even a small loss. But it made a fortune in the futures market.

October 20th is the 10th anniversary of Black Monday in the U.S. stock market tragedy. Because of this. It became the most anxious day for investment analysts. However. The atmosphere of terror did not appear in the Wall Street stock market. Quite the opposite. The Dow Jones Index actually rebounded by 74 points that day.

Just as the investment analysts are celebrating. The other end of the ball has long been perilous and dark tide is raging. Ten years later, another color Monday began. pass. This time it is Hong Kong, known as a shopping paradise. October 20th. The Hong Kong stock market began to fall. October 21. Hong Kong's Hang Seng Index fell by 765 points. This momentum continued on the 22nd. It fell by one thousand and two hundred points. Twenty-three days. Concerns about the outlook for the Hong Kong dollar have caused the Hong Kong Interbank Offered Rate to rise steadily. The overnight interest rate, which was only about 7 percent the previous day, soared three hundred times. In this market atmosphere. Hong Kong stocks suffered a fourth consecutive setback. It fell by 10.41%.

The Financial Secretary of the Hong Kong Special Administrative Region Donald Tsang made a statement on the same day. Basic economic factors in Hong Kong are good. The fall in the stock market was mainly due to temporary speculation in external factors. Investors need not panic. He said: "I don't think this is a stock market crash. He thinks. Nothing. The SAR government must first defend the exchange rate of the Hong Kong dollar. Although there was speculation in the yuan one night before, the speculation has been quelled at this time. At the same time. . Hong Kong Monetary Authority President Ren Zhigang also made a speech, claiming that the Hong Kong Monetary Authority had repelled speculators the night before.

Perhaps it is because of the powerful intervention measures of the SAR government. Perhaps it is because the confidence of the SAR government and financial managers has infected investors. Twenty-fourth. After falling sharply for four consecutive trading days. The Hong Kong stock market rebounded strongly on this day. The Hang Seng Index rose by 718 points. The increase was close to seven percentage points. Twenty days. Donald Tsang-reiterated this time. Hong Kong's current linked exchange rate system will not change. Speculators will suffer losses in this event.

at this time. The global stock markets have formed a vicious circle, and have generally fallen sharply. On the twenty-seventh. The New York Dow Jones index plunged nearly 554 points. It was the worst day of decline in history. As a result, it will automatically stop for one hour in the middle. The Tokyo stock market plummeted by more than a hundred points after the market opened.

Twenty-eight. The Hong Kong Constant Index** is more than one 400 points. The decline was 13.7%. The number of points dropped was the highest in history. In this state of the Hong Kong stock market, the volatility is not limited to its own factors.

To this. The Chief Executive of the Special Administrative Region emphasized. The turmoil in Hong Kong is only a temporary adjustment. The spokesperson of the Chinese Ministry of Foreign Affairs also said. The Hong Kong stock market has seen this kind of volatility in the past. Not surprising. The volatility of Hong Kong stocks is something that the SAR government has to deal with on its own. The central government will follow the principle of one country, two systems. Will not directly interfere with Hong Kong's stock market and the exchange rate of the Hong Kong dollar. Beijing remains confident in Hong Kong's overall economy.

The Secretary for Financial Affairs of the SAR Provisional Legislation said when answering questions from Members. The society is very concerned about stabilizing the joint exchange rate system. Regarding the operation of the market. The permanent policy of the SAR government is freedom. Administrative intervention should be minimized.

Anson Chan, Secretary of State Affairs of the Special Administrative Region, advised the public to keep calm ~www.wuxiaspot.com~ Don't overreact. Be cautious and do what you can in the market.

Hong Kong public opinion expressed strong confidence. "Sing Tao Daily" table comment pointed out. past. After experiencing the economic crisis. Hong Kong will recover soon. And it's more vigorous. This time it should be no exception. The U.S. Treasury pointed out. Since the global stock market crash in 1987. The return rate of the Hong Kong stock market in the past ten years ranks among the global stock markets. After the Qigu disaster. Hong Kong only needs to vigorously develop its economy. The return after ten years may be the highest in the world.

This invisible war caused by Soros. Shocked the world like a volcano. Thailand and Malaysia, at the center of the epicenter, are suffering. the other side. Hong Kong, which faces each other across the sea, tightens its nerves more than ever. People are aware that it is only a matter of time before this dark financial dark tide reaches 6 Hong Kong Island.

Facing the aggressive flames of international financial speculators. The Chief Executive of Hong Kong said cautiously. The Hong Kong Special Administrative Region has abundant foreign exchange reserves. The economy is growing steadily. more importantly. The Hong Kong Special Administrative Region has the support of the strong motherland behind it. Therefore, this storm will not have a particularly serious impact on Hong Kong.

Fan Wuyi since this period. But it made a lot of enthusiasm.

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