Chapter 774 Play an Important Role
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In the original history, these targeted improvements to Hong Kong’s pegged exchange rate system were made after the financial war. Based on the summarization of experience, the brainchild of several studies and discussions, each measure is highly operable, and can also make adjustments to Hong Kong’s current linked exchange rate in response to the actual situation, making it more active. even more important in times of financial crisis.
Listening to the measures listed by Zhou Hao, Chief Executive Dong, Zeng Yingquan, Qin Donghai, and Bai Zhengnan became more and more surprised, and the eyes of those experts became brighter, and their gazes towards Zhou Hao gradually changed from respect to respect. reverence.
As the saying goes, experts will know if there is one as soon as they make a move. Everyone present is a leader in the economic field. Naturally, it can be seen that these suggestions put forward by Zhou Hao have a lot of gold content, especially those experts who can be invited Those who come here are all leaders in their fields.
After Zhou Hao finished speaking, everyone was still thinking about Zhou Hao's measures, and combined with the reality of Hong Kong, the more they thought about it, the more they felt that these measures were feasible. Zhou Hao's words seemed to be a bottle of old wine , the more you drink, the more flavorful you will feel.
Seeing that everyone was immersed in Zhou Hao's point of view, Zhao Yuqin was very proud of Zhou Hao. As his woman, although she could not make it public, she still felt the supreme glory, and she was happier than winning the Nobel Prize. .
After a long time, Zeng Yingquan sighed: "If we had implemented these measures before, perhaps the situation would not have developed into what it is now, and people like Soros and Julian would not be so easy to leverage our economy."
Qin Donghai also said with emotion: "To be honest, before this, I had some doubts about the chairman and the others entrusting such a big responsibility to Zhou Hao, but now I know that the chairman and the prime minister are the ones who are more accurate. I think Zhou Hao, you are a little overqualified as a 'consultant', in my opinion, even if you are the chief executive of the central bank, it is more than enough."
"President Qin, you can't talk nonsense." Zhou Hao laughed again and again: "These measures are just my own imagination, and everyone in the Hong Kong government needs to work hard, and we have to wait until the end of this financial war. Slowly implement it, otherwise it will be difficult to get the general support of the people if it is announced rashly."
Chief Executive Dong nodded: "Xiaohao is right. These measures will not be implemented until the end of the war at the earliest. Now we still have to focus on the battlefield. Xiaohao, have you received anything from the market?" Rumors? I always feel that Soros and the others will not just sell the Hong Kong dollar blindly, but will make other moves.”
"I think so too." Zhou Hao said: "Those are old, treacherous and cunning people. Seeing that we have not been able to break through our currency gate for such a long time, they will definitely find another way. what abnormal situation,
But I suggest paying more attention to the stock market and the Hang Seng Index market. If they can't eat meat in the currency and foreign exchange market, they will definitely turn their attention to the stock market. "
As soon as he finished speaking, the door of the reception room was suddenly pushed open, causing everyone to look over in astonishment.
The one who broke in was a young man in his thirties wearing glasses. Seeing Chief Executive Dong and other high-ranking officials looking at him, he realized his abruptness, and immediately became cautious, not knowing where to go. Let it go, but remembering that I had important news brought in, I quickly said: "Chief Executive, Director Zeng, we just received news that several stocks such as Yuanyang Group, Oujing Chemical, and Huainan Heavy Industry have been targeted by unknown hedge funds. Sniping, an average drop of nine percent."
"What did you say?" Chief Executive Dong, Zeng Yingquan and the others all changed their faces, because the groups he mentioned were all well-assetted, and they were very good blue-chip blue-chip stocks, and among them, Huainan Heavy Industry was a red-chip state-owned enterprise stock. Listed in Hong Kong.
Zhou Hao reacted immediately, and said, "It's Soros and the others!"
Everyone was also reminded by Zhou Hao's words, Zeng Yingquan said: "They really are not as safe as we imagined, let's go and have a look."
So, the group hurried to another meeting room, where there were many electronic screens, and many operators were sitting in front of them, and they could see the latest changes in various data in the market.
After Zeng Yingquan and the others came in, one of the operators said, "Except for the attack on Huainan Heavy Industry, the stocks of Ao Zhuo Industrial and Mercer China have skyrocketed unusually, exceeding their real value by one and a half times!"
Zhou Hao frowned and stared at the constantly beating data on the electronic screen. Zeng Yingquan and the others were also watching while listening to the operator's report. The atmosphere also became tense, making everyone look like they were facing a formidable enemy.
Soon, Zhou Hao said in a deep voice: "Sure enough, Soros and Julian are hyping 'ultra-short-term', sniping red-chip stocks and some blue-chip blue-chip stocks, and at the same time raising the stock prices of some 'concept stocks'. It is raging in the futures market in Hong Kong, and took the opportunity to suppress the stock market in Hong Kong!"
"Xiaohao, it's not just like this. The red-chip and blue-chip stocks that were attacked have all lent a large amount of money to the three major note-issuing banks. Once these companies collapse or even liquidate, the losses suffered by the three major banks will be huge. Big one." Zeng Yingquan added.
Zhou Hao's pupils shrank. He didn't expect Soros and others to have such sinister intentions. While reaping profits in the stock market and futures market, they also did not forget to attack Hong Kong's banking system. collapse.
"Mr. Zhou, in this case, I said the government
What should we do? "An expert approached Zhou Hao and asked eagerly.
Zhou Hao has no horse
Instead of answering on the Internet, he looked at the date on the electronic screen.
The electronic screen showed that today is August 11, 1998. Zhou Hao naturally knew that the best way to deal with the offensive of Soros and Julian and others was for the government to bring huge sums of money into the market and use its abundant reserve funds to rescue the market. This is what the Hong Kong government did in history.
However, in the original history, the Hong Kong government entered the market to stabilize the situation on August 14th. Before that, the Hong Kong government had a heated discussion on this, because the government's entry into the market represents a macro-control of the economy. , the methods and attitudes are relatively tough. This method may seem natural or commonplace in China, but Hong Kong is a world-renowned free trade port. Finance and trade are very particular about capital and policy freedom. If the government enters the market, it will cause a strong rebound from the outside world. People on Soros' side, in particular, advocated that the Hong Kong government should abandon the system of capitalist society and transition to domestic socialism.
If all these decisions were made by the government, Zhou Hao would naturally not take this thankless task on himself, but it is different now, Zhou Hao has become a "higher status than Chief Executive Dong and the others" to a certain extent. Consultant", and most of the decision to let the government enter the market must be issued by itself, otherwise it doesn't matter if it attracts criticism, the most important thing is to delay the opportunity to fight.
Silently weighing it in his heart, Zhou Hao turned around and said to Chief Executive Dong and the others: "The quickest and most effective way now is for the government to invest in the market and stabilize the situation before the stock market is defeated by Soros and the others! It’s like the Hong Kong government paying for the Hong Kong dollar that has been sold in the market to stabilize the exchange rate of the Hong Kong dollar.”
Now, even those experts who have already respected him as a "teacher" opened their mouths wide in surprise, because they all know that the stock market is different from currency. The stock market, especially the stock market under the capitalist system, is the most taboo of the government's forcible intervention. Even the U.S. government's rescue of the market in every financial crisis has to be passed through multi-level meetings. The most important thing is that those behind the government After the big capitalists agreed, the U.S. government dared to take action.
As for Hong Kong, especially during the short period after the return of the motherland, if the government wants to intervene in the stock market to implement macro-control, there will definitely be a lot of unfavorable remarks in the world, even the "one country, two systems, unchanged for 50 years" proposed by Deng Gong. Principles can also be criticized.
In his previous life, Zhou Hao saw that the Hong Kong government at that time was walking under tremendous pressure. If he puts forward this point of view now, the pressure will immediately be brought to his head, especially if things go wrong in the end If so, even the saliva of the people can drown Zhou Hao.
It's just that things have reached this point, and Zhou Hao's personal honor and disgrace are no longer in Zhou Hao's consideration.
The most taboo thing for Zihan is to be incessant.
His eyes immediately became sharp, and he scanned everyone's faces for a week, and then said: "Apart from this method, do you have any other better methods? If there is, I will definitely support it with all my strength. "
Everyone looked at each other in blank dismay, because they really had no other better way to deal with it.
"But Xiaohao, if you really want to use this method, there will definitely be a lot of opposition from outside, especially Soros and his gang, they will definitely not let this opportunity of downfall go." Zeng Yingquan said worriedly.
(end of this chapter)
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