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Chapter 632 Beware of betrayal

As the most well-known international financial city in Asia, Xiangcheng has more foreign exchange reserves than many neighboring Asian countries. It is said that "it is a crime to keep in mind". It is precisely the abundance of foreign exchange that attracts the greed of financial giants.

In the eyes of these financial giants, if it were the former Xiangcheng, they might still have concerns. After all, if Xiangcheng's financial market completely collapsed, it would also be a huge loss for many foreign businessmen who own assets in Xiangcheng.

On the other hand, in today's Xiangcheng, the transfer of power has been completed. Under such circumstances, the financial stock market in Xiangcheng is now in crisis or even collapse, which not only demonstrates the power of their Western capital, but also arouses some criticism.

As Mu Shanhe said earlier, although this is just a financial crisis, it is no less than launching a war. If we lose this financial defense battle, many people in Xiangcheng may really be impoverished.

But Mu Shanhe also knew that in order to win such a financial defense war, the amount of wealth that needed to be used was naturally not a small amount. The most important thing is that no one knows what the outcome will be until the last moment.

After receiving a call from his cousin Lin Nianjia and arranging domestic affairs, Mu Shanhe arrived in Xiangcheng late at night without disturbing anyone. In order to avoid the news leaking, he did not even return to his villa in Baijiadao.

After listening to the report from Sun Xuan and others, Mu Shanhe also said calmly: "Just pay attention to every move of these people. In addition, instruct our people to pay close attention to the developments of those foreign banks. I am worried that they will betray you." .”

"Mr. Mu, are you saying that they might be acting as moles?"

"This possibility is extremely high! Don't forget, the people standing behind these banks are not capital consortiums?"

Throughout the process, we used several phones to constantly contact trusted allies so that they could prepare funds to respond to upcoming crises at any time. If they win, in addition to merit, everyone can even make a fortune.

If we lose the fight, then these allies must know the result. But even so, those who are qualified to participate in this behind-the-scenes financial battle know that their probability of losing is very small, because they have the backing of their motherland!
When contacting the person in charge of Huayin in Xiangcheng, Mu Shanhe also said directly: "President Liu, you are responsible for contacting the Financial Management Bureau. In order to catch these people off guard, they may be needed to take the lead.

As soon as these words came out, President Liu was a little shocked and said: "You mean, there is a problem with those two banks?"

As for my bank, Mr. Su and Mr. Hong, the funds are ready and ready to join the battle at any time. In fact, your bank must also be prepared to face emergencies. After all, we still have opponents in terms of issuance rights! "

With Mu Shanhe's reminder, Sun Xuan and others said nothing more. After leaving Mu Shanhe's temporary residence, everyone waited quietly. The day after Mu Shanhe arrived in Xiangcheng, he didn't even leave his residence.

"This possibility cannot be ruled out! According to what I have learned so far, those funds that have sneaked into the stock market have purchased a large number of futures contracts. But we have not noticed these contracts in the market at all.

This means that there must be banks providing convenience behind this. Since these banks dare to do such a thing, do you think they will fight back when they are pushed into a corner? You know, behind them is capital. "

As Mu Shanhe expressed his concerns, President Liu said instantly: "Okay, I will pay close attention to this matter and keep communication open. If there are any problems, we will communicate in time." All preparations before the war were completed. Mu Shanhe also ordered his team of traders to quietly enter the stock market and make corresponding arrangements. At this time, many investors did not realize that the crisis had already begun.

Sure enough, after the financial giants headed by Soros completed the final layout, they also began to use the media and wealthy people who were attracted to spread the news that the currency was about to depreciate in Xiangcheng.

As these news emerged, Xiangcheng's Financial Management Bureau also issued a timely announcement, stating bluntly that Xiangcheng would maintain the exchange rate system unchanged. Mu Shanhe and other positive media outlets also began to make some positive responses.

Even under Mu Shanhe's instructions, Lin Nianjia, the chairman of Shanshen Group, appeared in the media at the right time and announced that he was optimistic about Xiangcheng's future economic development, and would even promote the listing of some companies in Xiangcheng in the future.

As soon as these positive remarks came out, the stock index, which had fallen somewhat, stabilized again. Seeing that these tricks didn't work, Soros and others also said directly: "Start selling our short contracts and consume their foreign exchange reserves first."

Following Soros's order, a large number of short-selling contracts involving the Hong Kong dollar exchange rate were quickly thrown into the market. The Financial Management Bureau said without saying a word, "Give me all their empty contracts."

Looking at the contracts one after another, they were all taken by Xiangcheng without hesitation. The person in charge of trading was also a little surprised and said: "How dare they be so bold? They actually took all the tens of billions of futures contracts. ”

"Then keep throwing! Contact our allies and ask them to release the news to the outside world and try to spread the news of the devaluation of the Hong Kong coin. Now that the matter is at this point, we must win this battle, otherwise our losses will be too great."

"Okay, BOSS!"

Seemingly seeing Xiangcheng's determination, Soros and others were a little surprised, but they didn't feel there was anything to worry about. After all, this time, they have gathered sufficient funds and are also full of confidence.

Sure enough, with the depreciation of the Hong Kong dollar, driven by some thoughtful people, more and more ordinary citizens began to go to banks to exchange Hong Kong dollars for U.S. knives. Something similar to this actually happened before.

At the beginning, all banks in Xiangcheng, under the strict orders of the Hong Kong Monetary Authority, exchanged corresponding foreign exchange cash for citizens as required. However, as the number of people exchanging money increased, foreign banks soon announced that they would implement a limited exchange policy.

As soon as this news came out, a news immediately spread in the market, that is, there was a problem with Xiangcheng's foreign exchange reserves. As this rumor spread, the exchange rate of Hong Kong coins began to plummet, while Soros and others looked happy.

After learning this news, the Financial Management Bureau was naturally very angry and directly launched the corresponding investigation procedures. The reason is simple. Banks that announce restrictions on foreign exchange exchanges should have sufficient foreign exchange reserves.

But why did they suddenly act against the instructions of the Financial Management Bureau at this time?
When this news came out, instead of curbing the exchange of foreign exchange, the news of insufficient foreign exchange reserves spread even wider. For many people, they are blind followers and tend to be more nervous when their own interests are involved.

After learning about this situation, Mu Shanhe knew that it was time for him to take action. Although it's not the final moment of bayonet fighting, if this continues, the outside world will lose confidence in Xiangcheng's future and financial policies!
(End of this chapter)