In the next few days, international speculators launched another series of attacks, all of which were caught by the Hong Kong government, mainly because the Hong Kong government's foreign exchange reserves were too much, more than 90 billion US dollars, which was almost difficult to shake.
In response, international speculators on Wall Street have once again stepped up their offensive and launched joint news reports attacking the Hong Kong government's meddling policies, accusing the Hong Kong government of undermining the fairness of competition in the free market.
It has even smeared the Hong Kong government in the international community, aiming to create panic and make international capital withdraw from the Hong Kong government, and the huge pressure will be on everyone's head like a dark cloud.
The Hong Kong government is under tremendous pressure, but it is still unwavering in its implementation of existing policies.
Huo Qixuan's future capital followed the Hong Kong government to protect the market, and at the same time earned a total of more than 3 billion US dollars in profits in the stock market, which made the founders of the company blush with excitement.
After half a month of back-and-forth deathmatches, Soros's quantum fund finally began to quietly enter the market, and the amount of funds reached a terrifying 12 billion US dollars.
And behind Soros, there is Wall Street capital with a volume of more than 60 billion US dollars.
The huge capital giant entered the market, and the stock market suddenly set off a terrifying shocking wave.
Soros personally entered the market, and the stock market and foreign exchange market on Hong Kong Island were shaken like never before, they first bought a large number of Hong Kong dollars, and then sold a large number of 807 in the foreign exchange market, bought US knives, and after a large number of Hong Kong dollars entered the market and began to depreciate, they recovered a small amount of US knives at a low price and sold the purchased parts.
The difference between the loan and the repayment went into his own pocket.
The Hong Kong government has launched a fierce counterattack, using US knife foreign exchange reserves to recover Hong Kong dollars in the market, or strictly banning banks from lending Hong Kong dollars, but it is still unable to compete with international speculators such as Soros.
At the same time, the Hong Kong government's foreign exchange reserves have already spent $80 billion.
There are only 12 billion US dollars left, and they are completely incapacitated.
However, the Hong Kong government still insists on the exchange rate, otherwise once the Hong Kong dollar plummets, it will be out of control.
If they can't stop Soros and them, the assets of the rich on Hong Kong Island will shrink significantly.
The stocks in their hands turned into a ticking time bomb and had to shut down some companies and factories.
and even the transfer of large amounts of assets, further exacerbating the financial chaos.
The middle class will panic, and all their efforts will turn into bubbles.
There are even people who are considering selling their houses, but they can't sell them after repeated price cuts, some people cancel those things they enjoy in life, such as travel, and some people transfer their children from private schools to public schools.
As for the people at the bottom, they were originally desperately trying to survive, and at this time they have lost hope.
For them, life may be like going from having three meals a day to not having enough to eat, from working at the minimum wage to being unemployed and having no income, from surviving to seemingly having no way to live...
At that time, Hong Kong Island was the world's fourth largest financial center, the sixth largest foreign exchange market, and the second largest stock exchange market in Asia.
With such a huge amount of assets, the attraction of Soros and others is fatal, and they will tear off a large piece of meat from this huge fat piece at any cost.
Since the end of October, international capital has sold a total of 100 billion Hong Kong dollars for three consecutive days.
The scale is unprecedented.
Soon, the exchange rate of the US knife against the Hong Kong dollar was once again approaching the warning line.
The people of Hong Kong Island are in a panic.
They can see the tragedy in Thailand very clearly.
If the Hong Kong dollar were to fall to the Thai baht, their lives would be ruined.
For a time, the gates of major banks were crowded with Hong Kong Island citizens.
They flocked to the city just to exchange the Hong Kong dollars in their hands for American knives.
For them, the most immediate consequence of the economic crisis is that the money in their hands is no longer valuable.
They can't afford to think about anything else.
Converting assets into foreign currency was the last straw for them to protect themselves during the financial turmoil.
Although the Hong Kong government has kept the stock market and futures market from collapsing, the price it has paid is also huge.
The Hang Seng Index plunged to 7,018 points. (If you read a violent novel, go to Feilu Novel Network!)
You know, on the same day last year, the Hang Seng Index was at an all-time high of 16,673 points.
In just one year, Hong Kong Island's total market capitalization has evaporated by HK$2 trillion.
Soon after, the Exchange Fund Investment Group Limited (CIFG) was established to independently manage the Hong Kong government's stock trading.
The HKMA has also set up a temporary dealing room with a war team of several credible personnel.
In the trading war room, several telephone lines with recording functions are directly connected to the major securities firms on Hong Kong Island, and Chen Lin, the president of the Hong Kong Island Monetary Authority, personally commands them.
The Hong Kong government's buying targets are mainly the constituent stocks of the Hang Seng Index and the Hang Seng Index futures.
During the trading process, they keep a close eye on the changes in the cash and futures markets, so that they can adjust their strategies at any time and keep the stock market at the lowest cost.
Of course, a number of listed companies on Hong Kong Island have not been idle, joining hands to buy back shares in the market.
In the morning, the stock market remained depressed.
But as soon as the noon mark appeared, the Hang Seng Index began to rebound against the trend.
Those international speculators, including Soros, never expected that the Hong Kong government would take such a risk, and most people did not realize what had happened until the market closed on the day.
Some people rejoice and some people worry.
Li Kan is one of the joyful ones, the 10 million US dollars he invested before have now increased tenfold to 100 million US dollars, all of which are meat pulled from international speculators.
However, Li Kan was not satisfied and was unwilling to stop, so he still asked Huo Qixuan to help him take charge of the 100 million US dollars, because he would really face Soros next, and Huo Qixuan needed more funds.
"Xiao Xuan, you are my God of Wealth and my Jade Emperor. Li Kan hugged Huo Qixuan tightly, and his face was flushed with excitement.
100 million US dollars, Li Kan feels that he can retire now.
Huo Qixuan waited for him to finish his excitement, patted him on the shoulder expressionlessly, and said:
"If you don't let go, I'll be strangled to death by you. "
"Ah, hahaha, hahaha, I'm so excited. Li Kan hurriedly let go of Huo Qixuan.
Huo Qixuan straightened his clothes and said:
"Are you sure you don't want to stop now? 100 million is a lot of money. "
"No, don't stop, Xiao Xuan, you can use this money as you like, if you need it, I will give you this life. Li Kan patted his chest and said.
"Okay, then I'm not going to be polite to you. Huo Qixuan said.
As he was talking, Shen Nanpeng and Zhang Lei both walked into the office.
Zhang Lei was very tired and tired, but he enjoyed it, Huo Qixuan arranged for him to copy the back road of Soros and others, he had completely laid it out, and he was not discovered by anyone.
"Boss, now the situation is very clear, not only Wall Street capital, but also some European funds, they have almost without warning to intervene, and now it has come to the last moment, the ammunition of international capital is concentrated on the blockbuster constituent HSBC Holdings, everyone is staring at this stock, and the Hong Kong government has even increased the weight of 30 billion Hong Kong dollars to strictly guard against it. Zhang Lei said solemnly.
"Okay, this is our chance, the Hong Kong government has attracted so much firepower, just give us a chance to copy the back road, by the way, are the funds of the four major families entered?" Huo Qixuan asked.
"When they entered, they mainly stared at blue chips such as Changjiang Industrial and Huaxia Telecom, all of which were a group of cunning foxes. Zhang Lei snorted coldly.
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