On October 21, international speculators once again hit the financial market on Hong Kong Island.
On October 22, the Hang Seng Index on Hong Kong Island fell sharply by 9% for two consecutive days, with a cumulative decline of nearly 1,200 points.
On October 23, the Hang Seng Index closed at 10,426.3 points, down more than 10%.
In the face of the menacing international speculators, Chen Lin, president of the Hong Kong Island Monetary Authority, chose to raise interest rates and raise interest rates to deal with it. While buying the Hong Kong dollar sold by speculators, it also tightened the monetary policy and tightened the loans to banks on Hong Kong Island, driving up the cost of borrowing.
In order to avoid the Hong Kong dollar being sniped and the cost of speculation inflated, the Hong Kong Island Monetary Authority announced that it would no longer use the official discount rate of 6.25% to fund banks that borrowed too much, but would adjust the funds at punitive interest rates according to the situation.
This decision led to a sharp rise in interest rates in the interbank market, which at one point soared to 300%.
In a media interview, Hong Kong Island's Financial Secretary, Mr Tsang Kuen, said that maintaining the linked exchange rate is the primary objective of the Hong Kong government, and that it is inevitable that interest rates will soar for the sake of this goal.
He also stressed that the Hong Kong dollar is currently at 28 years old, which is at the strongest level in history.
At the same time, the Policy Research Office of the National Council of the People's Republic of China sent a five-member official delegation.
The head of the delegation was Li Xiao, then director of the Policy Department of the Research Office of the State Council, and the delegation included Yi Gang, secretary general of the Monetary Policy Committee of the Central Bank, and two bigwigs from Southern Securities.
The delegation mainly visited several countries and regions that were most severely affected by the financial crisis at that time.
When Soros was attacking the Hong Kong financial market on a large scale, Yi Gang and others were also paying close attention to the changes in the Hong Kong financial market. The most stressful moment is almost a follow-up report every day.
After studying, the delegation unanimously said that Soros's method of manipulating the exchange rate is very complicated, ostensibly attacking the foreign exchange market, but in fact he wants to make money from the stock market.
On the one hand, they hoarded Hong Kong dollars, pushed up Hong Kong stocks, shorted HSI futures, and then frantically sold Hong Kong dollars, forcing Hong Kong Island to raise interest rates to maintain the linked exchange rate, and finally waited for the Hang Seng Index to plummet in order to make huge profits.
In the face of the onslaught of international speculators, the Hong Kong government decided to bail out the market at a critical moment and held a press conference to announce the news that the government had entered the stock market and the futures market at the same time, and that it would comprehensively meet the speculators in the stock and futures channels.
In particular, it is necessary to hold the stock market, and speculators must not be allowed to make money on the bearish futures index.
In the 10 trading days from October 11 to 21, the Hong Kong government used HK$118 billion from the Exchange Fund to buy 33 constituent stocks of the Hang Seng Index, accounting for about 18% of the Fund's assets, an amount that does not include the amount invested in building a long position in the Hang Seng futures market to counter the Air Force.
And when the financial market is changing, there are countless small retail investors, crazy in the cracks to make huge profits, although they are retail investors, but they show a very strict and meticulous ability to act, as if there is an invisible big hand behind the control, people do not notice the slightest.
Future Capital's corporate headquarters.
The bright hall was filled with hundreds of people again, and everyone was nervous and excited to look at Huo Qixuan's fairy-like trading ability.
Just the day before yesterday, when international speculators acted again, the start-ups controlled by Future Capital finally decided to lend all their shares to Huo Qixuan, and then Huo Qixuan split them into retail investors, and entered the stock market and futures market in the form of retail investors, and then the two big generals of Future Capital operated them separately.
The stock market is operated by Zhao Qi, the futures market is operated by Shen Nanpeng, and Huo Qixuan is in command.
Huo Qixuan methodically ordered the timing of entering and closing the position,
The elite employees of Future Capital have shown extremely professional and specific trading capabilities, manipulating those retail investors to navigate the stock market and futures market with ease, professional and mysterious.
In the crowd, some people gritted their teeth, clenched their fists, staring at Huo Qixuan, feeling like they were in a dream, the first time they saw this kind of trading method in their lives, it was unheard of.
Among these people, there are entrepreneurial elites, big bosses with rich experience in stock trading, and financial executives who started by relying on the futures market, they know very well how to play the stock market and the futures market, but even so, they are shocked by Huo Qixuan's operation.
It really refreshed their worldview.
Can the stock market still play like this?
Does this guy have the ability to be a prophet of the unknown?
Oh my God, if they all operate like him, the stock market and the futures market are simply cash cows, and there is no talk of loss and risk, mainly because Huo Qixuan's ability to be an unpredictable prophet is too perverted.
No one knows why his predictions are so accurate, and no one can understand them.
There are a few founders of technology companies who don't know much about the stock market are worried, they are engaged in scientific research, and their achievements in the field of science are very high, but they only have some basic understanding of the stock market and the futures market, so they can't see how terrible Huo Qixuan's current trading is, and they are afraid that he will fail.
All their stock net worth was smashed on Huo Qixuan, if there is any mistake in his trading, the consequences will be catastrophic, originally everyone thought that stocks should not be split into retail investors, because in that case, the difficulty of trading will be greatly increased, how can retail investors survive this monstrous flood?
That's leeks.
But Huo Qixuan insisted on splitting, and his tone was full of confidence.
There was no way, they only had this path to choose now, and then there was the current scene.
Zhao Qi and Shen Nanpeng's faces were calm, but they also set off turbulent waves in their hearts. (If you read a violent novel, go to Feilu Novel Network!)
His grandmother's, it's so cool.
This is called manipulation, like commanding thousands of troops and horses to kill on the battlefield, invincible, and everywhere they pass, there is not an inch of grass left, which is simply a huge profit, and this method is much more clever than Soros.
"According to the report, there are two large teams entering the market, with a capital volume of 500 million US dollars, and they are strangling retail investors. An employee who is responsible for keeping an eye on the stock market hurriedly reported to Zhao Qi.
"Give him 100 million dollars and let him cut. Zhao Qi spoke calmly.
Huo Qixuan gave him the power to control one billion US dollars, and within a billion, he could use it casually, more than one hundred and twenty-eight.3 billion, and Huo Qixuan's consent was required.
Hearing that Zhao Qi easily smashed into 100 million US dollars, everyone's hearts trembled, and they all looked at Huo Qixuan, he was paying attention to other things, and turned a deaf ear to Zhao Qi's command.
Some people secretly complained in their hearts, some people's eyes flashed, and those who knew how to guess what Zhao Qi meant, this was to lure the two big families to the bait and use 100 million as bait.
How dare you!
Aren't you afraid of meat buns beating dogs?
"Report, they injected another $200 million, began to overvalue the stock price, and prepared to short. "
Hearing this, Zhao Qi looked at Huo Qixuan.
The closing line was set by Huo Qixuan.
Everyone looked at Huo Qixuan again, their faces full of nervousness.
Can you accurately estimate the closing line this time?
Huo Qixuan listened to the employees' non-stop reports, closed his eyes and thought, and only said after a long time:
"41.6 up, 23.7 down. "
Zhao Qi immediately commanded and began to lay out the closing line.
Everyone stared at the employee who was in charge.
This employee was under a lot of pressure and hurriedly set the upper and lower closing lines.
Everyone waited nervously and expectantly, how was it?
Half an hour later, the employee's face turned red with excitement and shouted:
"Report, it worked, we trapped them, a total of 600 million US dollars. "
Call...... Everyone exhaled and looked at Huo Qixuan's gaze, even more in awe.
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