Chapter 547 A Shocking Operation!!

After learning the news, the Finance Department quickly got the conclusion from the experts - the Quantum Fund, which shined in the United States last time, has already set its sights on the Hong Kong dollar.

Peng Modai was extremely shocked by this!

Soros of the Quantum Fund is already an international speculator.

Seeing that the Governor's Office, the Legislative Council and the Tianyao Group in Hong Kong Island are now in conflict, he wants to take advantage of the situation.

Peng Modai certainly knows that if the Hong Kong stock market is shorted after a serious decline, then he will not be the governor.

After all, it has been less than two months since the last economic crisis.

After consulting with his economic advisers for more than half an hour.

Peng Modai issued an order to thwart the conspiracy of the Quantum Fund to short the Hong Kong dollar.

But the situation on the second day was far beyond Peng Modai's expectations.

Because the Hong Kong stock market fell more than 1,200 points as soon as it opened.

By the time it was suspended in the afternoon, it had fallen below 4,000 and finally settled at 3,921.

After seeing this number, the whole city fell into a panic of economic depression.

Because it was less than 100 days since the last economic crisis.

Peng Modai was as anxious as an ant on a hot pot. Because the Hong Kong stock market was 4,000 points.

That was the psychological barrier of the majority of stockholders. If this point was broken, people would complain.

They would definitely vent their anger on these colonists.

That night, Peng Modai called a meeting of the heads of various departments, and then issued an emergency notice on public television, informing them that the colonial government was looking for a solution.

It was just that this time the Hong Kong stock market crisis was less than 100 days away from the last one.

Let the majority of stockholders sneer at this notice!

This time, Peng Modai certainly would not choose to cooperate with Lin Yao.

The Police Department was looking for Lin Yao everywhere, so how could Tianyao Group save the market with them?

At the same time, although the British consortium echoed Peng Modai's attitude of saving the market in slogans, it was not willing to give a penny.

They dared not invest a large amount of funds in Hong Kong stocks, and the result was very obvious. The Hong Kong stock market fell directly from 3921 to 3128 as soon as it opened the next day.

It was like taking botulism toxin and rotavirus and then plummeting. The whole market was in panic and everyone felt very scared.

The majority of stockholders had lost so much money last time, and this time they will reap another wave.

During lunch, Peng Modai called Jardine Matheson, Swire and HSBC to a meeting.

He used the authority of the governor to force each of them to take out 50 billion.

However, these three companies declined for various reasons and threatened that if Peng Modai wanted to put pressure on them, they would go to Zujia to complain.

Peng Modai could not afford to offend these people's complaints.

This coercion made Peng Modai very passive.

While they were discussing, Tianyao TV broadcast a news.

Soros, chairman of Quantum Fund, publicly announced on Wall Street that he would invest 200 billion to short the Hong Kong dollar.

They even started to buy Hong Kong dollars at an exchange rate of 1:8.5.

Now all the stockholders knew about it.

Peng Modai could not stop Soros's acquisition.

Stockholders began to frantically exchange the Hong Kong dollars in their hands for US dollars.

Regarding the Quantum Fund's violent shorting of the Hong Kong dollar.

Peng Modai and the British financial group were helpless.

They dared not issue any injunctions, although issuing an injunction could stop the Quantum Fund's plan to short the Hong Kong dollar.

But for Hong Kong Island, the blow to the financial sector would be a consequence they could not bear.

Peng Modai certainly did not dare to take this responsibility.

If an injunction was issued, the economy of the entire Hong Kong Island would have no vitality.

After another 7-hour meeting, Peng Modai and several major British financial groups looked at each other, at a loss, and did not make any moves.

On the same day, the Quantum Fund had already frantically acquired 200 billion Hong Kong dollars.

This operation made economists around the world publicly call on Peng Modai to intervene administratively in the media, but Peng Modai had no way at all.

He also reported the situation to the cabinet, but the cabinet did not give any instructions.

The cabinet prime minister handed the task of how to stabilize the situation to Peng Modai, which was a complete hands-off.

Peng Modai was not worried about the economic downturn of Hong Kong Island. He was worried that the majority of shareholders would have strong dissatisfaction with him and Great Britain's control over Hong Kong Island. This was what he feared most! !

That night, millions of shareholders had expressed strong dissatisfaction to Peng Modai through various channels.

It was less than 100 days since the consequences of the last economic deterioration. This time, the shareholders expressed anger, which was at least 10 times more than the last time.

Almost all police stations in the 18 districts of Hong Kong Island were angered.

These shareholders shouted in angry slogans for Peng Modai to come out instead of pretending to be an ostrich and ignoring it at home.

If this continues, they will rush into the Governor's House tomorrow to catch Peng Modai.

After hearing the calls of these shareholders, Peng Modai could no longer sit still.

The only way he could deal with it was to hold a meeting.

He urgently convened one of the three departments and 12 bureaus of the colonial government and some economic experts and stock experts from Hong Kong Island to discuss how to stabilize the entire economic situation.

This was completely a brainstorming meeting, because these people had no money, so how could there be any good solution?

None of the three major banks nor HSBC sent representatives to attend.

They also know that what Peng wants from participating in such meetings is to get them to pay. They are not fools. Of course they know that if they spend this money, they will probably lose it all.

By then, these three major banks and HSBC will most likely go bankrupt. Although Mr. Peng is the governor of Hong Kong, he has no power to order these British-funded consortiums to pay.

If the blade of the knife is inward, there is no possibility at all. If pushed too hard, these banks and HSBC will use their connections to make the last generation Peng step down immediately.

Peng Modai also knew the stakes.

When his 36d Ocean Horse secretary told him that representatives from the three major banks and HSBC would not participate, he had no choice but to do so.

At the meeting, Peng Modai was dejected and kept smoking cigars.

Then ask all participants one by one what they should do.

These people looked at each other.

Finally, an economic expert named Monlatt said:

"Mr. Governor, there is no other option but to issue a ban on trading in the stock market."

As soon as the economic expert finished speaking, Raul, the director of the Finance Department, kept shaking his head.

After seeing Raul's behavior, Peng Modai asked him to speak by name.

Raul took a deep breath and said:

"Mr. Governor, this order must not be issued, otherwise Hong Kong Island's economy will be ruined. Then we will become the target of thousands of people, and those people outside will really rush in and drag out all of us here."

"Even if we dispatch troops to garrison, it won't help. The ancestors can't handle the pressure and may throw you out as a scapegoat."

As soon as he finished speaking, another economic expert said to Peng Modai:

"Mr. Governor, now we have no means to contain Soros's attack. It seems to me that Soros is not fighting alone."

"Among his allies must be the Tianyao Group, and Mr. Lin Yao is definitely the player behind the scenes."

"Although Soros likes to take risks, he would never dare to take such a big risk. Only after Mr. Lin Yao, the boss of Tianyao Group, joins in can he have a chance of winning."

Hearing this, Peng Modai said with a look of despair.

"If we don't issue a ban now, how can we resist? Now our foreign exchange reserves are only 35 billion US dollars."

"Mr. Governor, you need to be very calm now. If you can't enter, you will become a sinner for the ages!" Raul said to Peng's persuasion.

Peng Modai took a long puff of his cigar, frowned and said, "Raul, this time it's about what happened in the economic field. The stock has plummeted, and you should bear this responsibility."

"If you don't let me issue an order to ban the transaction, and you can't come up with any good solutions, then I have to let you shoulder this responsibility."

After listening to Peng Modai's words, Raul immediately stood up from his seat, looked at Peng Modai and said coldly:

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"Mr. Governor, I can resign and shoulder this responsibility. I will resign now!"

"Farewell, colleagues!"

After finishing speaking, Raul took out several documents from his briefcase.

At the top of the document was his resignation order, which he had obviously prepared before the meeting.

After placing his resignation statement on the table, Raul left the meeting room directly.

An hour later, the Hong Kong Government announced that Raul had resigned due to his failure to effectively contain the Quantum Fund's attack.

The majority of stock investors expressed great disappointment after waiting for this news, because apart from removing Raul from his position as director of the Finance Department, Peng Mo did not take any measures.

That afternoon!

Before the suspension of trading in Hong Kong stocks, Quantum Fund began to sell off the Hong Kong dollars it held. Of course, Peng Modai knew that the fate facing Hong Kong stocks this time would be very tragic.

But at this time, Tianyao Fund stepped forward and began to purchase Hong Kong dollars in the market.

Soon, all 310 billion Hong Kong dollars held by Soros were transferred to the account of Tianyao Venture Capital Fund.

Soros seemed very helpless and withdrew from the Hong Kong capital market in despair.

From the perspective of the entire process, Tianyao Group performed a heroic act to save the Hong Kong stock market.

That night, all major influential media in Hong Kong, including British-controlled media, reported on Tianyao Group's efforts to save Hong Kong's economy.

The media controlled by these ghost guys also had to report it.

Because world-class media such as the New York Times, the Wall Street Journal, the Washington Post, and the BBC also released the news immediately.

If they don't report it, they will be even more passive.

In this way, Tianyao Group became another savior in the history of Hong Kong stocks.

Lin Yao, the CEO of Tianyao Group, suddenly became the "god" in the hearts of the majority of investors!

As a result, the arrest warrant issued by the police for Lin Yao became the biggest joke in the city.

Tianyao media began to launch a comprehensive public opinion offensive.

Interviews with citizens were conducted 24 hours a day, allowing citizens to express their views on the police department’s wanted order for Lin Yao.

All the people who were interviewed on the street angrily criticized the police force, criticizing the police force for completely confusing black and white, and criticizing Peng Modai for being incompetent.

They all demanded that the wanted order against Lin Yao be lifted immediately.

Under overwhelming pressure, Acting Police Commissioner Robert, following Peng Modai's order, publicly declared that the contribution of Tianyao Group and Lin Yao's justice were not in conflict with each other.

He said shamelessly that Great Britain upholds the spirit of the rule of law, so even a person with great influence like Lin Yao cannot be outside the law.

But Robert never expected that his announcement would not only cause more angry reactions from the citizens, but also sound the death knell for his career.

On the other side. In a small village called Shangzuoma in Sai Kung.

This place has long been hollowed out and no one has lived there for decades.

But these old houses were purchased by the Independent Commission Against Corruption as a secret base for interrogating target persons.

Police Commissioner Hanks has been here for 5 days. It was Cao Dehua and his two men who were guarding him.

Cao Dehua did not interrogate him severely these days, but kept him hanging.

During these 5 days, Hanks, who lost his freedom, almost collapsed. No one talked to him, and he could not access any information.

He kept putting it in the small room. He called Cao Dehua and asked Cao Dehua to bring him a newspaper.

After Cao Dehua walked into the small room, he said to him:

"Director Hanks, I can show you the newspaper, but don't be too upset."

"Cao Dehua, ridiculous! Why should I be upset?"

"Hong Kong Island is in our hands no matter what, and we rule it. The only ones who will fail are you and the man behind you, or to put it bluntly, Lin Yao."

"As long as the time is not up, you have no chance of winning. Now it's still 6 years away from the wine paint."

"In the past 6 years, we British people can do a lot of things."

"Whether it's you or Lin Yao, it's a meaningless struggle to fight against us."

Hearing what Hanks said, Cao Dehua said with contempt:

"Director Hanks, you are really still living in your own world, and you don't understand the situation at all!"

"Let me tell you, you have no chance of winning this time."

"Mr. Lin's ability is not something you can guess."

"I don't need to tell you too much about the specifics. I can tell you one thing, that the days when you Britons were showing off your power in Hong Kong Island will be gone forever."

"Haha, is that so? Then I'll have to wait and see!!"

"Mr. Cao Dehua, according to my speculation, Mr. Borodin will never allow a subordinate with different ideas from him. I guess you have been fired now!"

Hanks sneered.

"Director Hanks, it doesn't matter if I fire you or not."

Cao Dehua said coldly.

"I can tell you one thing, this is the place I personally selected, even if Commissioner Borodin may not know it"

"Even if he knows, he will leave a way out for his future, and he won't kill me!"

"He knows what I'm doing, and I know he knows what I'm doing."