Chapter 231: Great Harvest
Hong Kong in 1998 was also troubled. Affected by the financial crisis, the stock market fell, the foreign exchange market fell, the futures market fell, and the property market fell. Not going well.
At the gate of the exchange, some citizens were protesting holding signs like "Return my hard-earned money". Of course, they must know that this is useless and it is just used to vent. Compatriots in the Mainland have done well, and they have the demeanor of a big citizen. No matter how much they lose, they will not protest outside the stock exchange.
People line up at the gate of a private bank to withdraw money. This is also different from the mainland. In this period, changes in the exchange rate have little impact on most people in the mainland. It is said that every time the linked exchange rate falls, their wealth will also fall a little bit.
On one side of the street, it can be seen that the maids from the country that danced the most happily on the South China Sea issue were sitting and waiting for their employers. On the street not far away, there were old men with bags on their backs, who were asking those with serious expressions. Pedestrians begging.
In short, this year is also a very difficult year for Hong Kong people. However, even under such circumstances, they still extended a helping hand to the mainland affected by the flood, and it seems that they have donated a total of nearly 700 million yuan! It's really rare. On the whole, it's no less than the billions donated in 2008.
However, Feng Yiping, who experienced the confrontation later, can't help interpreting this phenomenon from many aspects at this time.
People who donate money must do it with empathy. However, isn't there some other ideas mixed in?
For example, maybe I want to show that although I am having a hard time now, I am better off than you guys; maybe when I am in trouble, I think of the importance of having parents behind me; maybe I am preparing to ask my parents for support , so you have to show some filial piety; perhaps it was the words of the Prime Minister who just took office in March this year at a press conference that "defend Hong Kong at all costs" moved them.
In short, Feng Yiping felt that Hong Kong people in 1998 were very close to the mainland.
At the same time, perhaps the words of the Prime Minister at the press conference made the international speculators think about it, so they consciously did not make any big moves in July, the first anniversary of Hong Kong's return to China, but since the beginning of August, speculators They launched a new round of large-scale blockade against Hong Kong.
Thailand, Indonesia, Malaysia and several other countries have lost all their decades of development achievements overnight. The financial defense battle in Hong Kong in August was very critical and tragic. According to legend, the current Financial Secretary The Secretary, later the Chief Executive, cried several times because of the pressure.
Everyone on the road looked nervous, and it was rare to see a person smiling. The TV in the electronics store kept scrolling financial news, and every small fluctuation affected the nerves of the audience.
It is estimated that Feng Yiping is the only one who has always maintained an optimistic attitude. When others are uneasy, he has experienced all this as a spectator, and clearly knows the future direction and ending. Such a situation makes him have a kind of God's vision in a trance feeling.
On the evening of August 14th, ATV and Cable TV jointly organized the "Yangtze River Disaster Emergency" event. Stars appealed for donations or donated special commemorative items for disaster relief auctions. , Started a counterattack.
Feng Yiping did not participate in this tug-of-war that lasted until the end of August, and the SAR government finally won. His bank account now only has pitiful fractions left, and all the funds he invested in the foreign exchange market of the fighting nation .
This time was the one he was most sure of. He remembered it very clearly, because this day was very special. On the second day of school in the second half of this year, that is, September 2, the ruble of the fighting nation depreciated by 70%! So he invested all in without hesitation, and used the highest leverage of 5 times.
This is also the reason why he came to Hong Kong in person. If such a thing is entrusted to a trader, it will definitely arouse suspicion from others.
Speaking of it, the fighting nation is indeed a wonderful flower. This country, which was established on the ruins of the Soviet Union and inherited most of its heritage, is said to be a democratic country, but its currency depreciates sharply at every turn. What is even more strange is that its people He just endured it silently.
Feng Yiping reckoned that maybe it was once a first-tier country in the world, but it has become a second-tier or third-tier country, and its people have long since lost their sense of shame and integrity.
Anyway, for Feng Yiping, a good citizen who is resigned, he will definitely not be able to bear the 70% depreciation of the renminbi at one time. Apart from other things, the child’s milk powder can’t be afforded. One kidney, after depreciation, it is estimated that both kidneys have to be sold.
Although he hasn't harvested any results yet, he has already started to buy gifts. Last time he bought a watch, he doesn't need to buy any more luxury goods this time, so he came to Sai Yeung Choi Street in Mong Kok again, and prepared to buy gifts that are important to him. Pick some electronic products from Shixin Cultural Relics and bring them back.
His first choice is the mobile phone, but after looking around, the 308, the most classic motorcycle, is not yet on the market, and he doesn't like the others, so after going around a lot, he still picked a few CD players. For four digits, of course, it's really nothing compared to the profit he is about to get.
In mid-August, the ruble floated against the dollar to the upper limit set by the Russian government and the central bank, 9.5 rubles to the dollar. Less than a week later, the Russian government underwent a change. took office, replacing the Kiriyenko government.
After the new government came to power, it adopted a series of revitalization measures, but it did not alleviate the downward pressure on the ruble. On August 27, the ruble depreciated by 30%. At this time, Feng Yiping’s harvest time was getting closer.
On August 31, the teachers of No. 1 Middle School had already returned to school and were doing various preparations. Feng Yiping’s class teacher, Teacher Chen, received a long-distance call from Hong Kong in the morning. Feng Yiping asked for leave on the phone, saying that when he was going back to school , I have a stomach problem, I am afraid I will have to postpone my report to school for a week.
Of course it is not easy to take a week off, but Feng Yiping just wanted to let him know that in the face of such a huge high return that would be difficult to come across in the future, he had to do it even if he was absent from class.
On September 2, as I remembered, the ruble plummeted by 70%. After calculating the income, Feng Yiping really woke up from his dream that night. A few days later, the amount in his UBS account USD deposits will turn around again, and the first digit of the eight-digit number will change from 1 to 6!
This is the beauty of finance.