God-level Trader of Rebirth

Chapter 39 The First Rescue

"Let's talk about it when I get back." Liu Jianping was a little absent-minded and didn't know what he was thinking.

"Hehe, in fact, you don't have to worry at all. What you need to do now is to stabilize the market sentiment." Chen Weidong said lightly.

"Oh? Do you have anything to rely on?" Liu Jianping's eyes lit up.

"If possible, I hope to spit out all the profits of international hot money in Southeast Asia." The corners of Chen Weidong's mouth curled up slightly.

Just sniping Soros and his friends is definitely not the ultimate goal of Chen Weidong. His appetite is even greater, so that he will definitely be considered a lunatic if he speaks out.
"It's up to you? Young people, the idea is good, but we must also consider the historical process." Liu Jianping gave Chen Weidong a weird look, and sarcastically said mercilessly.

Fighting in the financial market is no joke, ranging from loss of money to corporate bankruptcy and economic regression.

When Chen Weidong saw the old man's appearance, he didn't explain too much.

After all, the less people know about this kind of thing, the greater the benefit...

Mid-January 1998.

The eight major foreign-funded institutions headed by Soros continue to collect economic data on Xiangjiang for analysis.

They are actively depositing margins and hoarding Hong Kong dollars.

At the same time, they did not forget to spread the news of the imminent depreciation of the Hong Kong dollar in the market.

The Hong Kong dollar exchange rate has been severely impacted!
The Hong Kong government hastily stood up and repeatedly reiterated in public on many occasions that it will resolutely defend the linked exchange rate and give the market a boost of confidence.

On the same day, the Hong Kong dollar exchange rate rebounded rapidly.

Unfortunately, within a few days, the news of the sharp depreciation of the Indonesian rupiah spread again, and the exchange rate of the Hong Kong dollar was once again attacked by international hot money!

Affected by the bad news outside the market, the pessimism in the stock market is also spreading rapidly.

Frightened birds were everywhere, and a large amount of funds were withdrawn, causing the Hang Seng Index to plummet for four consecutive days.

It quickly fell from the position of 10500 points to the support level of 8052 points.

Almost everyone believes that 8000 points must be broken.

Therefore, for the sake of insurance, countless stockholders decided to sell their stocks at the opening of the market, and cash is king.

Friday morning, 19th, at nine thirty.

Xiangjiang stock market opened sharply!

The time-sharing line keeps dropping.

On the big screen of the exchange, the index kept beating, and every flicker meant that countless wealth was evaporated, and millions of stockholders were wailing, which intensified the panic.

It is about to fall below 8000 points.

at this time.

A strange scene has appeared!

The Hang Seng Index was suddenly stuck at 8000 points, motionless.

This abnormal situation once made many stockholders think that the monitor was broken, or there was a problem with the network.

Even the stockholders in the stock exchange hall were staring blankly at the quotation wall without taking their eyes off it.

Maybe the next jump, the index will be displayed starting with 7...

After about ten seconds, the numbers on the display finally moved!
8006
Big red characters appeared on the screen, and many people's eyelids twitched!
I haven't had time to catch my breath yet.

8053
8077
8119
8262
In just 1 minute, the Hang Seng Index soared 300 points!
There was an uproar in the exchange!
Careful investors immediately discovered that a mysterious fund suddenly appeared in the market and was frantically buying first-line blue-chip stocks such as the Yellow River Group, HSBC Holdings, Heung Kong Electric, and Polaris.

This move made many wait-and-see investors mistakenly think that the Hong Kong government came to rescue the market!

Sure enough, the above will not let the stock market plummet!

"Hurry up and buy the bottom!"

...

As a result, the market enthusiasm that had been suppressed for several days was instantly stimulated!
Countless buying orders poured in to buy the bottom!

The Hang Seng Index also continued to be pushed higher.

As of the close of the day, the Hang Seng Index closed at 8776 points.

The increase is as high as 8%!

Set a record for the largest increase in the day in 20 years of history!
Countless Xiangjiang citizens cheered, and some even called it the "Day of Miracle"!
It was jubilant outside, but frowning on the inside.

Hong Kong, Monetary Authority.

"Have you found out! Who is buying such a big deal?" A middle-aged man in a black suit asked seriously.

The sudden surge in the stock market today caused the outside world to mistakenly believe that the Hong Kong government entered the market, triggering a storm of bottom-hunting.

And that's not the biggest problem.

When he was a senior member of the Federal Reserve, Greenspan publicly criticized, saying: This kind of behavior by the Hong Kong government is interfering with the free market, which is extremely irrational. This move will damage the image of Hong Kong’s free market, and foreign capital may speed up the withdrawal of Hong Kong. …

"Mr. Liang, I just asked about the stock exchange. It is a private equity fund called Infinity that is buying up blue-chip stocks." A young man quickly replied.

"Infinity? Why does this name sound familiar?" Liang Zhaomin murmured.

"It's the company that held the stock trading contest before." A fat middle-aged man next to him said slowly.

"I remember, but do they have so much money?" Liang Zhaomin wondered.

We must know that the trading volume of the stock market has reached more than 400 billion in just one day today, and it would cost at least more than 70 billion to infinity to pull the Hang Seng Index.

"Hehe, it is said that this fund has the shares of Lin Jiacheng's son." The chubby middle-aged man explained with a smile.

The reason why he knows so much is entirely because Infinity's achievements are too impressive.

The annualized rate of return is 267%!

Sit firmly at the top of the private equity rankings.

It's really impossible not to pay attention.

After in-depth understanding, it is natural to find out Lin Zeju's shareholding, which makes people think of Lin Jiacheng, the richest man in Xiangjiang.
"However, I have been in contact with Mr. Lin, and with his character, he will never buy the bottom right now." Liang Zhaomin frowned.

A large number of economic analysis reports from the outside world say that Hong Kong's real estate and stock markets are too frothy.

In addition, any panic now can cause the index to drop sharply.

This situation is obviously far from the "bottom".

Many people, including the Monetary Authority, believe that the stock market still has a lot of room for decline. How could a person like Lin Jiacheng not see through it?
"Hey, who knows, they didn't break the law, they just bought some more stocks." The chubby middle-aged man smiled wryly.

In his view, there is a high probability that this fund will be trapped if it buys now, and it will inevitably suffer huge losses by then.

Liang Zhaomin can't manage so much, the most important thing right now is to maintain the international image of Hong Kong's financial market.

He immediately ordered: "Let's clarify to the outside world, just say that we have not intervened in the market, and all of this is a free choice of the market."

In the evening, many news media in Xiangjiang published the news.

Countless stockholders kept silent, and couldn't believe that the rebound during the day was not caused by the Hong Kong government!
If this is the case, wouldn't there be big changes in the stock market on Monday!
The small flame that had just ignited in the market was mercilessly extinguished.

Immediately afterwards, another gossip came out that it was a private equity fund called "Infinity" that dominated today's skyrocketing Hang Seng Index.

As soon as the news came out, there were mixed reviews in the market.

Some people say that only "Infinity" entered the market to save the market when countless financial institutions followed suit and smashed the market. It is definitely a courageous and conscientious company.

Most of those who hold this view are retail investors. They have basically participated in the stock trading competition, so they still have a great impression of "infinity".

However, most financial institutions are privately disdainful, even gloating.

Because they think it is stupid and extremely irrational to buy bottom at this point.

(End of this chapter)