Return To 1990

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The exchange rate exploded all the way. Everyone stared at the crazy numbers, eight yuan six, eight yuan five, eight yuan three. The increase in foreign exchange was based on cents, but now it actually increased by ten cents.

When the value was raised to 8.2, 17 billion Hong Kong dollars were smashed out, instantly falling to 8.5, and then tens of billions continued to drop.

All the way to force the exchange rate to the nine yuan mark!

"Hold on to nine dollars!" Lu Feng said solemnly.

Nine dollars is a very critical position. Just now a lot of people entered at the position of nine six. If the leverage is ten times, nine dollars is just at the position of closing the position. It has been rising all the way, and many people have been liquidated. .

Also, if you maintain the position of nine dollars, the opponent's counterattack will not be particularly powerful, and the capital consumption will not be particularly serious.

This is not only a matter on the market, but also the situation within the exchange. Although Lu Feng claims to have 100 billion, the actual funds available in the account are only 50 billion, and the rest will be turned around later depending on the situation.

Besides, tens of billions of dollars were spent on the first day, and there was no way to explain it to the leader. We had to balance several aspects, and things had to be done beautifully without spending too much.

There were less than twenty minutes left before the market closed. Lu Feng placed more than three billion yuan at the bottom, showing his determination to defend the nine-dollar hurdle. The selling pressure began to decrease. Obviously, no one wanted to enter the decisive battle today. , we will raise funds and inquire about information later.

As the market closed, everyone at the scene took a deep breath. Beads of sweat could be seen on Lu Feng's forehead. The Hong Kong dollar rose by 7% tonight. This increase can definitely be called a skyrocketing increase for the currency.

The leaders outside stood up and applauded. Lu Feng opened the door and walked out. He looked at everyone and said, "I barely fulfilled my mission!"

"Well done!"

"Not bad! Good job!"

Everyone came up to shake hands and exchange greetings. One of the leaders asked: "How long do you think it will take to defeat Wall Street?"

"This matter is uncertain. It requires a process of confrontation and mutual testing. At the same time, this is not a personal matter. News needs to be released to the outside world to regain confidence." Lu Feng looked at him and said.

"Drink some water, take a short rest, and we'll have a meeting!"

Lu Feng nodded and looked at the clock on the wall. It was already three o'clock in the middle of the night. It was destined to be a sleepless night tonight. At three twenty, Lu Feng walked into the conference room and asked about the current adjustments to the Hong Kong foreign exchange market and stock market. Negotiations were held.

Lu Feng suggested that the practice of unplugging Internet cables should not continue, as it will damage public confidence. At the same time, restrictions on short selling should be increased. The minimum amount requirements for opening short orders in the stock market should be raised again to prevent them from using ten times the leverage to do short selling. Although the financial regulator The bureau twice increased the minimum amount of short orders, but Lu Feng thought it was not enough.

Securities lending needs to be expensive, financing needs to be cheap, so that everyone has a lower threshold to go long instead of short, and at the same time, a higher drop limit must be set.

We cannot just smash things down at every turn and let the gains and losses be locked in a cage.

Lu Feng even proposed setting up price limits and circuit breaker mechanisms for Hong Kong stocks. However, these proposals were rejected because as Hong Kong is a global financial intersection, too many restrictions are not conducive to the flow of funds and will damage Hong Kong's reputation.

The meeting lasted for three hours and determined several action plans. First, it encouraged listed companies to carry out stock buybacks, and at the same time, injected capital after the market closed, not less than 20 billion Hong Kong dollars, to reduce share liquidity. Simply put, this is the fate of the country. Take the throne.

For Hong Kong dollars, we need to increase the margin for securities lending, limit the decline as much as possible, and restrict them from increasing leverage on securities lending!

While increasing the difficulty of short selling, Lu Feng wants to raise the exchange rate in the market. According to this method of play, even if Wall Street still has hundreds of billions of Hong Kong dollars in hand, it will be difficult to move it.

The meeting didn't end until it was getting slightly brighter outside. We had a simple breakfast together. Lu Feng had not rested for almost 24 hours, and he still couldn't rest.

In order to cover up my tired face, I hired a makeup artist to clean it up, and accepted interviews with some morning news media to announce the news to the outside world.

"First of all, we congratulate Team Leader Lu on a good start. The exchange rate of the Hong Kong dollar has risen sharply by seven points. I would like to ask the financial audience why it suddenly rebounded so much?" the reporter asked.

"Of course it is the determination of the country. Although the market was fierce last night, there was no risk, and even the short side was blown out for a time. This situation occurred because of the determination of the mainland to invest in Hong Kong. As far as I know, the relocation of the manufacturing industry in the mainland It’s already a sure thing!”

"They are shorting Xiangjiang. They are simply saying that the property market in Xiangjiang is high, the debt ratio per capita is high, the manufacturing industry is hollowed out, and the entire society is biased toward deindustrialization. Then the manufacturing industry in the coastal areas of the mainland is not weak!"

"A large number of high-end companies, such as Hurricane Capital, will rush to Xiangjiang. This is also a great development opportunity for mainland companies. They can get better financing here, and outsiders can also invest better through Xiangjiang. Mainland!"

"This news is really shocking. The mainland is so big, and just moving some industries there will be enough for Xiangjiang to digest it for a long time." The host looked at Lu Feng and said: "So, does last night's statement represent a complete reversal of this crisis?"

"This crisis itself is a man-made crisis. We have reduced stamp duty, raised bank deposit interest rates, and attracted Hong Kong dollars back from around the world. The external short-selling force is very small. When large amounts of funds come in, it proves that we are not a fictitious person." Fatty." Lu Feng looked at the host and said: "I think today's Hong Kong stock market will start a surge. This is an artificial bear market, and the bull market that returns to normal will begin soon!"

"When?" the host wondered.

"Today, it is extremely stupid to short the Hong Kong dollar and Hong Kong stocks. Of course, some people will not listen to the advice and insist on being short sellers. Then I believe that the strong iron wall of the market will beat them to death." Lu Feng vowed. road.

During the interview, which lasted for more than half an hour, Lu Feng briefly talked about stamp duty reduction, increase in securities lending costs, state-owned capital entry, Hong Kong property market, stock market valuation, global value of the Hong Kong dollar, and mainland development.

After the interview, Lu Feng couldn't hold it any longer, so he found someone to help him drive, went home and fell asleep.

As the news was broadcast, countless people in the market abused Lu Feng. They no longer believed that the Xiangjiang stock market could be good. Among them were some people who had ulterior motives and were deliberately causing trouble.

At 9:30 a.m., the Hong Kong stock market opened and immediately began to rise. 370 companies rose, and at 10 a.m. more than 400 companies rose. Wall Street collided head-on with the Industrial and Commercial Bank of China on several large-cap stocks such as Cheung Kong Holdings and Sun Hung Kai. superior.

The two sides were frantically fighting over the opening price. The transaction amount of Yangtze River Industries alone exceeded 3 billion Hong Kong dollars in one hour, which made countless people look away.

In response to the mainland's counterattack on the Hong Kong dollar, Wall Street wanted to seize back the Hong Kong stocks. In one morning, Hang Seng Technology's trading volume exceeded 50 billion Hong Kong dollars, breaking a record high.

When Lu Feng woke up, it was already five o'clock in the evening. After washing up, he watched the news as soon as possible.

"Hang Seng Technology rose 0.7% today, with a record transaction volume of over HK$80 billion. Among them, Cheung Kong Holdings accounted for one-eighth of the transaction volume. 421 companies rose today. The Hong Kong dollar recorded the largest increase in history. , up 7% in a single day, Mr. Lu Feng, leader of the financial task force, said that shorting the Hong Kong dollar and Hong Kong stocks is a particularly dangerous thing now."

"At the same time, he said that the mainland will specialize in manufacturing and transfer high-end industries from the mainland's coastal areas to Xiangjiang to make up for the loss of manufacturing in Xiangjiang!"

"Reuters reported that financial experts believe that Soros does not have much funds in his hands. This time Xiangjiang has significantly increased the cost of shorting, which may make him worse. Many financial institutions have expressed their unwillingness to short Xiangjiang again, mainly because this time in mainland China Demonstrated determination to defend Xiangjiang’s finance!”

At around seven o'clock in the evening, Lu Feng arrived at the exchange, had a quick meal, and held a pre-market meeting. Everyone agreed to keep the money at nine yuan and wait and see what they did before making any plans.

Lu Feng believes that if you don't advance, you will retreat. You don't have to rush to pull up, but you have to run fast in small steps. It must be a red plate tonight.

As the trading started, the short-selling power tonight was much smaller than last night. Neither side showed any killer moves. The market fluctuated very mildly. As the market closed, the Hong Kong dollar stopped at 8.92 cents. position.

With the intensive release of news, Lu Feng continued to advocate mainland funding in the market. He even said in an interview that mainland China does not have much foreign exchange reserves, but there are tens of thousands of tons of gold hidden in the northwest, which were left over from the time of Qin Shihuang. .

Immediately afterwards, a lot of junk media began to besiege Lu Feng, asking him to take out 10,000 tons of gold. Lu Feng also said that these golds belong to Qin Shihuang personally. The mainland respects private property rights extremely, so he is currently communicating with Mr. Ying Zheng.

For a week, the market fell into a pool of stagnant water. The highest trading volume of Hong Kong dollars on one day was only US$3 billion. Big funds no longer moved out, but small funds continued to test.

Hang Seng Technology has stabilized and is seeking to build a bottom. Even securities companies like United Capital have seen their stock prices return to around 11 yuan.

After a storm, there was a suffocating silence. Lu Feng knew very well what this silence meant. Maybe Europe was beaten in the last round, and hot money began to be a coward, but Lu Feng knew that, Tiger Management hasn’t moved yet.

This super hedge fund with ten times leverage is definitely brewing an unprecedented storm.

It's September 23rd. It's autumn today and the Mid-Autumn Festival has passed. The original plan for Duoduo to come to Xiangjiang didn't happen in the end. Lu Feng rarely had half a day's rest and had a good sleep at home.

In the evening, Lu Feng's cell phone rang. The nanny took the phone over and said it was from overseas.

"Mr. Lu, is it possible for us to talk?" Soros's voice sounded on the other end of the phone.

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