Return To 1990
Chapter 1,238 Prepare to snipe Hong Kong dollars
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"This time it is completely different from shorting the Thai baht. The short selling of the Thai baht is hoping to trigger the Asian financial crisis. Although everyone has lost a little, the price of the Thai baht has fallen recently. In terms of GDP, they are expected to decline by about 20% this year. We The goal is successful, and this time not only us, but Europe will also give great support." said someone from the Federal Reserve.
"How much support? How much do we need to invest ourselves? How many Hong Kong dollars are there in the world now? How determined will the mainland be to rescue the market after July?" Soros asked.
"The mainland's current foreign exchange reserves are US$140 billion. Judging from their annual consumption, the minimum is US$50 billion. International commodity prices have increased this year, and the import volume of their internal factories is large. In addition, The purchase of high-end manufactured products from international sources is estimated to be US$60 billion to US$80 billion!”
"The total cost of shorting the Thai baht is only tens of billions of dollars. This time, with the support of many European countries, the short-selling force can reach hundreds of billions of dollars. There is no problem at all in smashing the Hong Kong dollar! This is also the last blow against Asia. From 1996 to now , it took too long.”
"We need to complete some strategic tasks, but we can't invest too much. China is not a major competitor yet. What needs to be done has been done, and what we want has basically been achieved, so the next step is to talk. Before talking, we need to get Get some chips and prepare for the next exchange of visits!"
Hundreds of billions of dollars were spent to short the Hong Kong dollar. Even Wall Street companies with a lot of big money would feel frightened by this figure.
The heads of Goldman Sachs and Morgan had a discussion at the scene and believed that this matter was much more reliable than shorting the Thai baht. The scale of short selling at the level of 100 billion is definitely not something that ordinary countries can handle.
"I think this can be done. First of all, the hollowing out of Hong Kong's industries is a fact. The Hong Kong dollar is anchored to the US dollar, and there are many bubbles in Hong Kong's financial industry. Whether it is the mainland's foreign exchange reserves or Hong Kong's financial industry, they all need to be shorted at once! "
Everyone was chattering about how much money they could earn if they succeeded in short selling this time. Soros knew that Lu Feng had now moved to Xiangjiang. He was really worried about Lu Feng. Everything was planned so perfectly. If it weren't for Lu Feng appeared halfway, and the collapse of the Thai baht was confirmed.
Even though it has collapsed now, he has still lost so much money. During this period, he has been explaining to investors and finally appeased them. Now the opportunity for revenge has come.
With a short-selling power of hundreds of billions, coupled with the power of international hot money, not to mention a small Lu Feng, even ten Lu Feng are vulnerable.
"This time, Goldman Sachs will take the lead, and others will cooperate. We will invest 50 billion here, and the major banks will be responsible for raising Hong Kong dollars. The interest on the lease contract should not be too high, so as not to take too long." The person in charge of the Federal Reserve looked towards Soros asked: "Will Quantum Fund participate?"
"Participate!" Soros replied.
As the meeting dispersed, everyone went back to prepare. Many of them were gearing up to increase leverage and prepare for a big fight, but Soros was hesitant.
"This is an excellent opportunity for us!" Robertson said to Soros: "The power of short-selling at the level of 100 billion is no longer something that a small person like Lu Feng can dominate, and it is not even something that China behind him can compete with. This is not Shorting currencies is robbery!”
"I'm still thinking about the funds that suddenly appeared in Europe last time. After tracing, it was found that some of the funds came to Africa. Don't forget that China is a sovereign country." Soros worried.
"Remember, there used to be two sovereign countries in this world, and now there is only one left!" Robertson said confidently: "I don't know how you deal with investors. The pressure on Tiger Fund is very high. I have to We need to bring back the net value of the fund.”
"Let's take another look. I will never increase leverage. It's too crazy." Soros still knows a little about China. He is a very cautious person, whether he is investing in currencies, futures, commodities or other things.
He believes in one thing, that is, nothing in this world is 100% perfect. When someone tells you that this thing is 100% profitable, you have to be careful because the risks may be hidden in places you can’t see.
Soros looked at Robertson who was walking away. He knew that this man had already taken over. He was eager to bring back the net value of the fund and give an explanation to investors. The most important thing for an investor is a clear mind. Once he takes over in the financial market, , that is a beast waiting to be slaughtered.
Soros returned to the company, and after much deliberation he decided to consult someone familiar with China, and he happened to know such an old friend, who was definitely a China expert.
The call was made, and the assistant helped make an appointment. A few hours later, the two parties agreed to talk on the phone, and Soros explained the matter in detail.
"You want to ask me, what is the probability of success in this matter?" said the other end of the phone.
"It's not just Lu Feng who is behind the Thai baht incident. I think China is also involved. Now that I'm officially facing them, I personally feel a little unsure." Soros said truthfully.
"I think the probability of success in this matter is no more than 10%. Even if the short-selling is successful, the benefits will never be on you. They will seek other benefits. In exchange, according to my understanding, it will definitely be international support from the top, and the lower-level personnel of both sides communicate very frequently. China wants to join the WTO, and this matter has been mediated.”
"What they want is strategic balance. They are simply afraid that this country will turn to Russia. Our vice president also said that turning to Russia is an extremely wrong decision. However, they are imposing oppression in Asian waters. These conditions are unacceptable to China. of."
"Both sides are looking for a balance point. China hopes to develop, and we are seeking absolute status in Asia. This is the current form. Then the China I know cannot surrender. We have just returned to Xiangjiang. If we do such a thing, we will encounter strong resistance from the other side." Yes, this is why they told you that it needs to be done before October. I believe they already have a time plan."
"If China wants to make concessions internationally, it needs to provide realistic benefits. Whether it is Asian waters or the Thai baht incident, the impact will not be big. They have spent so long in Asia and they are not willing to invest too much. If I want Look, it should be October. To be honest, this is really something without a strategy!"
Soros already understands in his heart that Wall Street companies are responsible for charging forward. Even if the Hong Kong dollar is finally broken, he will be a soup drinker at most, and the bulk of the exchange of interests will be at the top.
But once you fail, you will lose yourself.
"Thank you for bothering you!" Soros said politely.
Afterwards, the two sides communicated a few words about the situation in the mainland. The other party reminded that the mainland is a sovereign country. Secondly, they have financial controls. They are by no means places like Thailand and Xiangjiang where capital comes in and out at will. Every money has to be approved. In addition, they Now we have good relations with some countries. At critical times, we can issue national bonds and borrow dollars from other countries.
This means that once a fight starts, people will play with you until death, and anything Washington says will be treated as farts.
After hanging up the phone, Soros already understood in his heart that this time he must rush, but he cannot rush!
You must rush because it is a mission, but you cannot rush because the firepower over there is strong. If you rush too far forward, you will definitely be the first to die.
Quantum Fund submitted a report that day, stating that most of its funds were in futures and commodities. In addition to the previous loss on the Thai baht, it could only spend 500 million yuan now. This 500 million yuan can be leveraged ten times. Get Hong Kong dollars worth US$5 billion.
Goldman Sachs was not very satisfied with this figure, so they called and had a lot of discussions. However, Tiger Management took out 2 billion US dollars in principal and increased the leverage ten times, bringing the total amount to 20 billion.
Soros said that he had tried his best, and with such a large amount of funds, he was not short of his own money.
In Xiangjiang, Lu Feng's life has become quieter. The news in Xiangjiang is like a hurricane. Today, everyone is watching Zhang San without wiping his butt when he goes to the toilet. Tomorrow, he may be busy with Li Si and his daughter-in-law.
There were also many invitations to dinners, but except for some important dinners in the financial industry, I basically declined them all.
In order to learn more about semiconductors, he recently bought a lot of books and also found several tutoring classes to learn about the semiconductor industry, so that he would not know how to report to him when he sometimes chatted with Liucheng.
Manager Liu's small team of ten people is particularly comfortable. They just stare at United Capital's stocks every day at work, make a weekly report every week, and do no trading. They just sit together and chat at work, and sometimes play poker or something.
The ten people were so idle that they all felt panicked. They were afraid that Lu Feng would not pay their wages in the future. Last time, Lu Feng only said about opening a position, but he did not say how many positions he would buy. The ten people chatted for a while and thought it would be better to call and ask. Bar.
While the lithography principle of semiconductors was being discussed on the podium, Lu Feng's cell phone rang, and a group of more than 30 people in a tutorial class stared at him.
"Sorry, let me answer the phone!" Lu Feng smiled awkwardly, stood up and walked out, answered the phone and said, "Who is it? I'm in class!"
"Mr. Lu, it's me, Xiao Liu. Last time you talked about opening a position, how much did you buy for the bottom position?"
"Buy a hundred shares! That's it, hang up!"
After Lu Feng finished speaking, he hung up the phone and went back to continue class. The teacher on the podium looked at Lu Feng and said, "Mr. Lu, try not to answer the phone and disturb other students. They all have to take the Ph.D. exam!"
"I'm sorry, but to express my apologies, if your classmates are admitted as postdoctoral fellows, they can come to work in our company!" Lu Feng said with a smile to everyone.
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