Hong Kong Island, reborn Huo family, blocked Soros at the beginning

Chapter 087

On October 21, international speculators once again hit the Hong Kong Island financial market.

On October 22, the Hong Kong Island Hang Seng Index 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 10426.3 points, down more than 10%.

In the face of the menacing trend of international speculators, Chen Lin, president of the Hong Kong Island Monetary Authority, chose to respond by raising interest rates and pumping high interest rates. While buying the Hong Kong dollar sold by speculators, while tightening the monetary roots, tightening loans to banks on Hong Kong Island, raising borrowing costs.

In order to avoid the Hong Kong dollar being sniped and driving up speculative costs, the 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 funds at punitive interest rates according to the situation.

The decision led to a sharp rise in interbank interest rates, soaring to 300% at one point.

In a meeting with the media, the Financial Secretary of Hong Kong Island, Mr Tsang Kuen, said that maintaining the linked exchange rate is the primary objective of the Hong Kong Government, and it is inevitable that interest rates will soar for this goal.

He also stressed that the Hong Kong dollar is currently at 28, which is the strongest level in history.

At the same time, the Policy Research Office of the Mainland State Council sent a five-member official delegation.

The delegation was headed by Li Xiao, then director of the Policy Department of the Research Office of the State Council, and included Yi Gang, secretary general of the Monetary Policy Committee of the People’s Bank of China, and two bigwigs from Southern Securities.

The delegation mainly visited several countries and regions that suffered the most serious financial crisis at that time.

When Soros attacked the Hong Kong Island financial market, Yigang and others were also paying close attention to the changes in the Hong Kong Island financial market. The most stressful moment is almost a follow-up report every day.

After research, 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 trying to make money from the stock market.

On the one hand, hoarding Hong Kong dollars, pushing up Hong Kong stocks, shorting HSI futures, then frantically selling Hong Kong dollars, forcing Hong Kong Island to raise interest rates to maintain the linked exchange rate, and finally waiting for the HSI to plummet in order to make windfall profits.

In the face of the offensive of international speculators, the Hong Kong government decided to rescue the market at a critical moment, held a press conference, announced the news that the government entered the stock market and the futures market at the same time, and wanted to comprehensively attack speculators in the stock and futures index channels. In particular, it is necessary to support the stock market and not allow speculators to make money on bearish futures indexes.

In the 10 trading days from October 11 to 21, the Hong Kong government used the exchange fund HK$118 billion to buy 33 Hang Seng Index constituents, accounting for about 18% of the Exchange Fund’s assets, an amount that does not take into account the funds invested in building long positions in the Hang Seng futures market to counter the Air Force.

And just 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 show a very strict and meticulous ability to act, as if there is an invisible big hand behind the control, people do not notice it.

Future Capital Corporate Headquarters.

The bright hall was filled with hundreds of people again, all of them nervously and excitedly looking at Huo Qixuan’s fairy-like trading ability.

Just the day before yesterday, when the international speculators acted again, the startups of Future Capital Holdings finally decided to lend all the stocks to Huo Qixuan, and then Huo Qixuan split into retail investors, enter the stock market and futures market in the form of retail investors, and then the two generals of Future Capital operated separately.

The stock market is operated by Zhao Ji, the futures market is controlled by Shen Nanpeng, and Huo Qixuan sits as the commander-in-chief.

Huo Qixuan methodically arrived at the time of entry and closing positions,

The elite employees of Future Capital have shown extremely professional specific trading ability, controlling those retail investors in the stock market and futures market with ease, professional and mysterious.

In the crowd, some people gritted their teeth, clenched their fists, and stared at Huo Qixuan deadly, feeling like they were dreaming, and it was unheard of for them to see this way of trading for the first time in their lives.

Among these people, there are entrepreneurial elites, big bosses with rich experience in stock speculation, and financial executives who rely on the futures market to start their business, they know the game of the stock market and the futures market very well, 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 predict prophets?

God, if they all operate like him, the stock market and the futures market are simply cash cows, and there is no loss and risk talking, mainly because Huo Qixuan’s ability to predict the prophet is too perverted.

No one knows why his predictions were so accurate, and no one can understand them.

There are several founders of technology companies who do not know much about the stock market, 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 operation is, and I am afraid that he will fail.

All their stock wealth has been 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.

No way, they only have this path to choose now, and then there is the current scene.

Zhao Ji and Shen Nanpeng’s face was calm, but his heart also set off terrifying waves. (Read violent novels, just go to Feilu Fiction Network!) ）

His grandmother’s, it’s so cool.

This is called manipulation, as if commanding thousands of troops and horses to kill on the battlefield, all invincible, where they pass, not an inch of grass is left, it is simply a huge profit, this means is much smarter than Soros them.

“Report, there are two large accounts entering, the capital volume has reached 500 million US dollars, they are strangling retail investors.” An employee in charge of keeping an eye on the stock market hurriedly reported to Zhao Ji.

“Give him a hundred million dollar knife and let him cut it.” Zhao Ji spoke calmly.

Huo Qixuan gave him the power to control a billion US dollars, and within a billion, he used it casually, and more than 128.3 billion needed Huo Qixuan’s consent.

Listening to Zhao Ji easily smashed into the 100 million US dollars, everyone’s hearts trembled, and they all looked at Huo Qixuan, he was paying attention to something else, and turned a deaf ear to Zhao Qi’s command.

Some people secretly complained in their hearts, some people’s eyes flickered, and knowledgeable people guessed the meaning of Zhao Qi, this is to lure those two big households to the bait and use 100 million as bait.

How daring!

Aren’t you afraid of meat buns hitting dogs?

“Report, they injected another 200 million US dollars, began to overestimate the stock price, and prepared to short.”

Hearing this, Zhao Ji looked at Huo Qixuan.

The closing line was determined by Huo Qixuan.

Everyone looked at Huo Qixuan again, their faces full of nervousness.

Can I still accurately estimate the closing line this time?

Huo Qixuan listened to the employees keep reporting, closed his eyes and thought, and said for a long time:

“Up 41.6, down 23.7.”

Zhao Ji immediately commanded and began to lay out the closing line.

Everyone stared at the employee who was trading.

This employee was stressed and hurriedly set the upper and lower closing lines.