The Son of Finance of the Great Age

  Chapter 444 "Official" base battle (3)

  Watching Zhong Shi and Ma Jiarui leave, Rodney Jones' face changed for a long time, and then he snorted coldly, and after saying hello, he went out to call a taxi.

   "What does he mean by that?"

  Cold questioning voices came from the microphone, which was particularly harsh on the bustling streets of Causeway Bay. Rodney Jones looked at the surrounding tall buildings and crowds of people, and suddenly felt an inexplicable chill in his heart. "I think he's threatening!" he replied automatically.

"Threat? There is also such a possibility!" The voice on the phone said lightly, "There is an allusion in Huaxia. It tells the story of a wise general who played the piano on an empty city and used his courage to frighten off the incoming hundred thousand. Enemy, does this guy named Zhong Shi also plan to play this hand with us?"

"Empty city plan?" Rodney Jones' complexion sank, he subconsciously clenched the microphone, and nervously glanced around, making sure he didn't find anyone suspicious before continuing, "If that's the case, then we just need to Continuing to attack will defeat his plot?"

   Regarding Zhong Shi's uninvited visit, Rodney Jones really couldn't think of any excuse that could be rationally explained. At this time, he seemed to be a frightened bird, and any sign of trouble made him terrified.

It stands to reason that a guy who can be a senior partner of a top hedge fund shouldn't be so timid, but in the face of such a huge offensive scale, in the case of hundreds of billions of funds mobilized, even a guy with the best psychological quality will inevitably have become anxious.

Druckenmiller on the other end of the phone sneered for a moment, and said disdainfully: "Did he forget that Huaxia has another allusion, that is, the arrow is already on the string, and there is no choice whether to launch it or not. This time, He is doomed!"

Hearing Druckenmiller's answer, Rodney Jones was silent for a moment, and then said: "Our original strategy will not change, this is inevitable. What I am worried about is not this, but what he said In the wiretapping incident, in addition to the phone call, he also mentioned that our email system was also tampered with. If this is the case, then our overall strategy..."

  He didn't say the following words, but the meaning in them was enough for the other party to capture clearly.

"You don't have to worry about this!" Druckenmiller categorically denied, "No matter who the party who eavesdropped is, we will find him. Besides, there are only the last two trading days now, even if the other party wants to do something, the position It’s too late to switch sides. As long as this period of time passes, I guarantee that those who dare to eavesdrop on us will receive revenge enough to make them regret for life!”

   "Everything is implemented according to the original plan?" Hearing Druckenmiller's gnashing of teeth, Rodney Jones' heart tightened, and he quickly changed the subject.

  As the senior partner of Quantum Fund, his responsibility in this matter is almost inevitable. If the Quantum Fund can successfully make a fortune in the Hong Kong stock market, maybe no one will hold him accountable in the end, but if the Quantum Fund fails, he will be the scapegoat.

  Although there is no worry about not having a home, it is rare to find a hedge fund with high growth and sustainability like Quantum Fund, Rodney Jones thought so.

  "That's right!" Druckenmiller made the final decision, "I will bear the consequences! Just wait and see, let this young man know what it means to be 'Heads I win, Tails you lose'."

   There are many famous sayings on Wall Street, one of which is about tossing a coin, "Heads I win, tails you lose", which means that no matter what I do, I am the winner, and the opponent is Luther (loser).

  As one of the top of the financial food chain, hedge funds have always been the winners of the entire ecosystem, and the best among them, the Quantum Fund, has won to the pinnacle and cannot be added. That's why Soros and Druckenmiller, who were full of confidence, dared to openly challenge the country, and they did.

  So, Druckenmiller didn't care about Zhongshi's words. However, he soon realized that he had made possibly the biggest mistake of his career.

  …

   On the 27th, when the first ray of sunlight hit the Tianyu Fund's office, everyone felt a sense of solemnity. They slowed down, for fear that every tiny movement of their own would cause others to look sideways.

   It was Druckenmiller's public statement in the newspaper that brought them this pressure. On today's Wall Street Journal Asia Edition, Druckenmiller not only personally wrote an article, acknowledging that Quantum Fund participated in the attack on Hong Kong's currency and stock markets, but also made huge profits from it. In addition to these bragging, he also said that even if the Hong Kong government can pass this test, the attacks of the speculators will continue as before, and even if they fail this time, they will organize the next offensive until the Hong Kong government is finally forced to give up support Stock market action so far.

threaten! A naked threat!

  Because there are only two days before the delivery of the futures index, at this sensitive time, Quantum Fund, which is the leader of the market, suddenly made such remarks, which immediately caused an uproar in the entire market. Throughout the morning, the market was filled with interpretations of Druckenmiller's words. Some people say that this is a signal that Quantum Fund is preparing to attack the Hong Kong market in an all-round way, while others say that this is their smokescreen to cover the withdrawal of Quantum Fund, which has a large position, from the Hong Kong market.

  No matter what kind of statement it is, it has caused great psychological pressure on the employees of Tianyu Fund.

   "Today and tomorrow, it should be time for a decisive battle!" In Zhong Shi's office, including Ma Jiarui, Ren Ruowei, and Liao Xiaohua, several people looked solemn, silently waiting for Zhong Shi's order.

   Seeing the expressions of these people, Zhong Shi tried his best to squeeze out a smile, and comforted them: "Don't worry, as long as we can last these two days, they will basically be considered a failure."

They are very clear about the tricks of the speculators. They sold the stocks they raised in the market wantonly, suppressed 33 constituent stocks, and caused the entire Hang Seng Index to plummet, so that the futures index they had short-sold in advance would make a lot of money. .

Now the method of attacking the Hong Kong dollar to raise the lending rate is no longer effective, because the Tianyu Fund’s move has made the market less sensitive to the lending rate, and the level of the lending rate is no longer the key factor that can affect the rise or fall of the Hang Seng Index , so they have to start with the stock market itself.

Because of Tianyu Fund's selling, many short-selling orders of futures index that speculators absorbed at low positions fell into a loss situation. The problem caused by this is that if the Hang Seng Index is not suppressed, these short-selling orders can only end up at a loss. Final settlement. In this way, it means that the intentions of the speculators have failed.

   This is the most important reason why speculators make such remarks today, and it is also the reason why Tianyu Fund feels like an enemy.

  Some people may ask, in this case, why don't speculators transfer their positions to the September futures contract? There are two reasons for this. One is that Tianyu Fund and other long-term funds as their opponents have not transferred their positions, which makes it impossible for them to settle their huge positions, and they are dragged here alive; If the position is transferred to September, the battle line will be stretched again. In one month, the huge positions accumulated by speculators in the Hong Kong dollar market are enough to drag them to death with interest. Therefore, the best strategy for speculators is to beat the "Hong Kong government" on the August futures contract.

  If you want to destroy the index, you must destroy the constituent stocks.

  On the 27th and 28th, speculators will try their best to sell short the stocks of the constituent stocks in order to lower the Hang Seng Index. As one of the supporting parties, Tianyu Fund needs to buy relevant stocks with all its strength to prevent the stock price from falling sharply and support the Hang Seng Index.

  Whoever can persist until the moment of settlement will win.

  The competition between the two parties is the degree of financial strength. At this time, the so-called conspiracies, strategies, methods, etc. are not very effective anymore. Druckenmiller's remarks at this time are not so much a provocation to the Hong Kong market as a "summoning order", calling on the hot money in the entire international market to come to the Hong Kong stock market to short, using the whole world The power of hot money to crush the Hong Kong market.

   Both offensive and defensive sides are well aware of this.

   "I'm afraid we won't be able to survive these two days!" Ma Jiarui sighed and shook his head again and again, "We only have about 80 billion funds on hand, and we may not be able to maintain 33 constituent stocks."

  In just one day, Ma Jiarui changed from extremely optimistic to quite pessimistic. Just a visit to the office of Quantum Fund brought about such a big change in him.

"Don't worry, the Hong Kong government will take action at the critical moment!" Seeing that several people were not in high spirits, Zhong Shi had no choice but to throw out a reassurance at this time, "I have already talked with Director Cen and President Ren, as long as we If you ask, they will support us with more than 50 billion Hong Kong dollars at any time, so don’t worry too much.”

Looking at the few people whose expressions had slowed down, Zhong Shi's mind was lingering on the words of Cen Yinquan during the private meeting yesterday, "Since you agreed to take action, we will cover it up for you, so don't expect the Hong Kong government to help you at critical times. But you Don't worry, if you really can't do it, we will take action at the critical moment, but we won't help you."

  The reason why I say this is because the Financial Secretary and the Monetary Authority have also seen the benefits of getting a share of the Hong Kong stock market. As long as the top is over this time, in order to repay the borrowed securities as soon as possible, the speculators will definitely enter the market to buy at a certain time in the future, and by then relying on this wave of market prices, the HKMA will be able to make a lot of money without any effort a sum.

The Hong Kong Monetary Authority also lost a lot of funds in the defense of the Hong Kong dollar. Although the rise and fall of the Hong Kong dollar cannot be compared with that of Hong Kong stocks, due to the huge position and frequent buying and selling activities, the Hong Kong dollar defense during this period Among them, the Hong Kong Monetary Authority also lost billions of Hong Kong dollars in exchange income.

  In addition to these, they also bear a certain amount of interest liabilities in Hong Kong dollars and lose US dollar interest income. Adding up several times together, the amount of loss is as much as tens of billions.

   Zhong Shi was slapped once again by the Hong Kong government, but he had no choice but to use such a lie to comfort others. He didn't want to mess himself up at a critical time.

  …

  10:00, the stock market opens. The bidding stage was relatively calm, and neither side made any big moves, but when the free trading started, thousands of selling orders immediately emerged on the 33 constituent stocks, like a flood of selling orders hanging on the left, and the follow-up momentum was not seen at all. half point weakening.

   "Buy all, don't care how much, sweep their sell orders!"

   Faced with this situation, almost everyone changed their faces. It was only at the critical moment that they realized that this was completely different from what they expected.

  The trader in charge of Hong Kong Telecom took a cursory glance and found that the sum of the top ten sell orders exceeded 3,000 lots, with a total price of more than 40 million Hong Kong dollars. It is estimated that it will take about ten minutes to fully digest these sell orders.

   In other stocks, similar situations abound. With 33 constituent stocks, it means that more than 1 billion funds have been invested, and this is only the opening stage. Obviously, the speculators want to give Tianyu Fund a full blown blow.

  As for Zhong Shi, his face was very calm, facing many gazes on him, he just gave such a sentence firmly.

   Thanks to the book friends Sudao Duanyou, hs1110, angw12, and not very fat sheep for voting monthly tickets! Thanks to book friend Hu Wang for the generous reward! Before you know it, it’s the end of the month again. Although the update was not very effective some time ago, I’m not too embarrassed to ask for anything, but I still hope that everyone can support a lot. If you still have a monthly ticket, you can vote as many as you can. Thank you very much!

  (end of this chapter)