The Son of Finance of the Great Age

  Chapter 426 Reappearance of international speculators

   "..."

"what?"

After listening to Zhong Shi's words, even though he was as calm and stable as Cen Yinquan, his complexion changed drastically, and he lost his voice again and again: "How is this possible? Even the chief executive can do nothing about this matter! I am afraid that it is only possible if it is handed over to the high-level officials in the north! "

"That's right!" Zhong Shi nodded, then looked at Ren Yigang who also looked shocked, and then continued, "Actually, I personally think that there must be political factors behind this currency storm. Among other things, It can be seen that the international speculators have attacked the Hong Kong market several times. The high-level officials of the central government must have seen this, so they will not sit idly by. At this time, the high-level officials of the Hong Kong government made a request. It will be facilitated as much as possible.”

   "But...but..."

  Cen Yinquan said two "buts" in a row, but he still couldn't make up his mind. "This matter is too big. Even our Hong Kong government cannot influence the central government's decision-making. We still have to focus on the overall situation."

Ren Yigang on the side also looked solemn, but after thinking for a while, he proposed another plan, "Is this possible? Let our funds do it first, or we can cooperate with the funds of the People's Bank of China, but we must notify the other party in advance and wait until it is enough." Withdraw when the time comes. In this case, we don’t need to make concessions in other places, and we can achieve our goal.”

"Is that so?" Zhong Shi frowned and thought for a while, then he burst out laughing, "Hey, these should be issues that you have considered, what else should I add? Now that I have explained the ins and outs of their funds clearly , and informed you of the corresponding countermeasures, and the rest is up to you to discuss with the people in the central government.”

While speaking, he stood up and walked towards the outside calmly, but before he took a few steps, he seemed to suddenly think of something, "By the way, please pay attention to the stock prices of some public utility companies. The inflow of large sums of money means that the attack of international speculators is about to launch."

  After speaking, Zhong Shi walked away under the gazes of Cen Yinquan and Ren Yigang looking at each other.

  …

  On the evening of August 4th, in the Zhong family mansion in Repulse Bay, the family was sitting in the living room, chatting while watching the news on TV. In the picture, the pretty female anchor is telling the news that happened in the mainland, and one of the news suddenly caught everyone's attention, "Mr. Huo Sixian presided over the third plenary meeting of the National Defense Command to deploy flood prevention and fighting work."

   "Why is there so much rain this year?" Liu Lan sighed first, "I always feel uneasy, as if something big is about to happen."

"Mom, don't worry about it!" Zhong Xiaohui wiped her mouth after eating a piece of cantaloupe, "The country attaches so much importance to it, it will definitely allocate funds and deliver supplies. Besides, when my uncle came two days ago, we also donated There are a lot of tents and so on, don’t worry, uncle’s place will be fine.”

   "I hope!" Liu Lan said a word about Amitabha, and then kept silent.

"Little brother, are you free today?" Seeing Zhong Shi sitting quietly at the side without saying a word, Zhong Xiaohui felt a little strange, and couldn't help asking, "Why? Are you not busy with your company's affairs recently? "

"Yes!" Zhong Jianjun also felt a little puzzled, and after looking at Zhong Shi, he asked with concern, "A while ago, we were always getting up early and working late at night, and we couldn't find anyone for 24 hours, but now we have the time to sit with us and watch TV." , is there something wrong?"

  Since moving here, Zhong Jianjun and Liu Lan have stopped working and simply lived a life of happiness. After a few years, both of them have gained a lot of weight. As the saying goes, "Living Qi, nourishing body", today's Zhong Jianjun speaks with a bit of majesty unconsciously.

   It’s just that Zhong Shi didn’t realize it, and was still staring at the scrolling subtitles at the bottom of the TV screen. It wasn’t until Zhong Xiaohui urged him again and again that he suddenly realized, “Oh? Not bad, not bad, very good, very good!”

   The perfunctory answer immediately made Liu Lan and Zhong Xiaohui laugh, but Zhong Jianjun patted the coffee table dissatisfied, and asked in a deep voice, "Watch TV for me, don't just think about it!"

   "Oh!" Zhong Shi responded casually, but after sitting for five minutes, he stood up, yawned, and said, "Dad, Mom, I'm a little sleepy, so I'll go up and rest first."

   "What is he busy with all day?" After Zhong Shi left, Zhong Jianjun asked Zhong Xiaohui in a low voice, "Why is it so abnormal recently? He often looks out of his mind?"

"Maybe it's dating!" Zhong Xiaohui pursed her lips and smiled, glanced at the direction of Zhongshi's room upstairs, sat a little closer, and said in a low voice, "Recently, my brother has been diligent in running to my place, I suspect he He took a fancy to one of my subordinates..."

  Then, the three of them began to gossip.

  …

In the upstairs room, Zhong Shi was on the phone, "Ma Sheng, just now the Dow Jones opened a red line, and the trend is not good. I guess they will do it today. You are always paying attention to the movements of the Hong Kong dollar foreign exchange market. I think it is either today or Tomorrow, they may start to attack."

"Yes, Zhong Sheng!" Ma Jiarui replied on the phone, "We are also paying attention to the trend of the Dow Jones. Although there were small stocks rising just now, they were quickly suppressed. Now it has fallen by 120 points, and the decline has reached 1.12. %. I think international speculators want to take advantage of the linkage effect between various markets and take the opportunity to lower the Hong Kong stock market tomorrow.”

"But Zhong Sheng, now is the time for us to enter the market? According to your order, we have already dumped 70% of our positions, and now we have all Hong Kong dollar cash on hand, and the corresponding paperwork has been completed. You must know that so much cash is in the market. hands, the interest lost every day is an astronomical figure."

  At present, Tianyu Fund has sold nearly 70% of its positions short, and after converting into Hong Kong dollars, the cash lying in the account has reached about 90 billion Hong Kong dollars. But if it is just idle, based on the 5% one-year deposit rate, the daily loss of interest income will reach as much as 12 million Hong Kong dollars. Many people are dissatisfied with Zhongshi's inaction so far. They are not aware of the transaction between Zhongshi and the HKMA. Ma Jiarui

  Although they already knew Zhong Shi's overall plan, Tianyu Fund still complied with public opinion and said in front of Zhong Shi in due course.

   "I'm not in a hurry!" Zhong Shi was taken aback for a moment, and it took him a long time to react. Of course, in his plan, he did not take this part of the cost of funds into consideration at all, "The international speculators have not yet launched. If we enter the market now, we will undoubtedly seek a dead end. By the way, regarding the Hang Seng Index futures, some specific The company's stock, have you noticed any changes?"

"Indeed, as you expected, there are unusual fluctuations in these two directions!" Ma Jiarui nodded subconsciously, but the next moment, he realized that Zhong Shi couldn't see his actions at all, so he said quickly, "Hongkong Electric, China Gas and other public utility stocks have seen large inflows of funds in the past two weeks. According to rumors in the market, a total of 100 million Hong Kong dollars has poured into Hong Kong Electric. It took more than a week before the transaction was successful."

In some stocks, since large-scale buying may lead to unusual fluctuations in stock prices, which in turn lead to follow-up behavior, after receiving an order, if the customer asks to sneak in quietly without attracting attention, the broker can only do it once. Buy little by little, and it takes a certain amount of time to complete.

"I see, this should be the hedging funds of international speculators!" Zhong Shi nodded, "Apart from these, what about the Hang Seng Index futures? If I guessed correctly, the trading volume should have continued to increase since July. Enlarged, or the turnover rate has increased, and most of them have not been flattened, let's go to August!"

"As you can imagine, the turnover rate has reached 824% in the past month." Ma Jiarui quickly reported, "I have observed carefully, and basically the transactions are idling, and double-even is rare. Big orders. It seems that international speculators are indeed planning to make a big deal in August, so that even the small orders of short retail investors will not be missed."

The two were talking, when Zhong Shi suddenly heard Ma Jiarui's "surprise", followed by a long silence, and when the voice came out from the microphone again, he heard a rapid and deep voice, " International speculators have begun to attack the Hong Kong dollar, and the London market and the New York market have coincidentally seen a large amount of Hong Kong dollar selling, and the forward contract has already offered a price of 7.75."

   "Sure enough!" Zhong Shi secretly breathed a sigh of relief, "Then it's time for the HKMA to contribute!"

  …

   "The international speculators are on the move!"

  Traders who stayed up all night in the government building were nervously staring at the market. When a series of large sales orders appeared, the first reaction of almost everyone was that international speculators came again.

In fact, due to the sluggishness of the Hong Kong stock market for more than two consecutive months, and the disappearance of international speculators, everyone has a huge boulder hanging on their hearts, making them feel like the rain is about to come. floor feeling. The longer you are immersed in the market, the more you will feel this sense of crisis, and today's disk performance just confirms this feeling.

"Let's start!" Shen Liantao, the on-site commander, was unhurried. He first looked at the market, and after making some calculations in his heart, he said decisively, "Take their selling order and try our best to keep the Hong Kong dollar above 7.75. They We will take as much as we sell, remember, we must maintain the Hong Kong dollar exchange rate above the psychological defense line!"

Soon, the funds from the HKMA entered the market and started fighting with the selling orders of international speculators. The two sides began to buy and sell frequently at the opening price of 7.7485. The international speculators once forced the price of Hong Kong dollars to 7.7495 Hong Kong dollars to 1 US dollar. , but the Monetary Authority then began to make efforts to recover the lost ground step by step, and finally pushed the price of the Hong Kong dollar back to 1 US dollar to 7.7485 Hong Kong dollars before the end of the transaction, and the rise and fall remained unchanged throughout the day.

"very good!"

  When the global market stopped trading, Shen Liantao had a smile on his face. This time, everyone including him took his time and traded according to the established strategy. Although a total of about three billion U.S. dollar foreign exchange reserves were consumed, Shen Liantao was not worried about the follow-up development at all because he had seen through the other party's scheme.

   At night, the Dow Jones index opened at 8788 points, the highest point was 8857 points, the lowest point was 8487 points, and it closed at 8487 points, down 299.42 points, or 3.41%. However, this did not affect the reaction of the Hang Seng Index. Although the Hang Seng Index had fallen for two consecutive trading days before that, on this day, the Hang Seng Index remained unchanged due to the Hong Kong dollar exchange rate, and the downward momentum slowed down significantly. It just fell slightly by 114 points, closing at 7366 points, a drop of 1.14%, which can be called no response.

  International speculators are very disappointed that the Hang Seng Index did not achieve their expected results under the double pressure of the Dow Jones Industrial Index’s decline and the attack on the Hong Kong dollar again. They don't know which link went wrong, but it's still too early to tell, because there will be successive attacks in the future.

  …

   "This should be the immune response of the Hong Kong stock market!"

  In a restaurant in Manhattan, Soros picked up the tablecloth, wiped his mouth, and said casually.

   Sitting opposite him was the somewhat absent-minded Julian Robertson!

  (end of this chapter)