Nine Hundred and Thirtieth IX HSI See-Saw
"The idiots in Baodao, aren't you conniving with Soros!" Fu Rongqi scolded angrily.
"Old Fu, from Treasure Island's point of view, their loss is not big. If they continue to fight with Soros, they may win, but it will definitely be a miserable victory. At least the little money they lost economically is bigger than the foreign exchange they lost Much less, but it will have an impact on us." Professor Liang sighed.
"No, we don't have much trade between Xiangjiang and Baodao, and the economy is not linked to each other. What does the depreciation of the Taiwan dollar have to do with us?" Fu Rongbing asked.
"Then you say, how much does the depreciation of the Singapore dollar have to do with the ringgit? But when the Singapore dollar fell, did the ringgit fall even more? This is a kind of herd effect, and Soros wants this kind of Panic. Taiwan's foreign exchange reserves are the most abundant in Asia, and even the Taiwan dollar has depreciated, which has boosted Soros' momentum in a disguised way!" Professor Liang was also very disappointed with the Taiwan authorities. They originally wanted to help Taiwan. The financial market of Formosa is comparable to that of Soros.
With Baodao's strong foreign exchange reserves and their secret assistance, it will be a matter of time before they win, and it can deal a huge blow to Soros. Even if it can't make Soros lose a lot, it can at least make Soros earn money in two or three countries. All the profits are lost!
But Baodao didn't want to fight Soros to the death, which was troublesome. Although it is impossible for Soros to continue to suppress the Taiwan dollar, it will completely annoy the authorities of Baodao. Once Baodao makes up its mind and adopts some extreme policies, Soros will undoubtedly lose.
Soros also accepted as soon as it was good, and immediately delivered all the Taiwan dollar contracts, and left after earning a little, and he really only earned a little.
It is impossible for Soros to just leave this large sum of money. Either he will continue to attack other new countries and regions, or he will choose to attack new countries such as Singapore, Malaysia and Thailand again, and then go to harvest a crop of leeks!
Obviously, Soros thought that the leeks hadn't grown yet, and Feng Yu had already gone to harvest the second crop, so he wanted to come to Xiangjiang to have a try.
Now the Hang Seng Index is more than 12,800 points. The stock indexes that Soros raised before were suppressed by Fu Rongqi and others. At the same time, it also calmed down those blind stock market investors. If it breaks out, it is no longer a fool who invests in stocks and makes money.
Some people who raised money to buy stocks also withdrew, causing the Hang Seng Index to slowly fall every day. Soros' people tried to build a position a few times before, but they didn't dare. They were afraid that this was a trap. If the Hang Seng Index suddenly rose, they would be in danger.
But now, Soros's funds have been transferred over, and finally he no longer worries about that, and he started shorting the Hang Seng Index!
...
"Some people started to build positions and sell short the Hang Seng Index,
Soros made a move! "He Zhaoji shouted loudly.
Feng Yu immediately stood up, walked over and ordered: "Open a reverse position, buy HSI futures! Pay attention to controlling the amount of funds, not too much."
At the same time, Fu Rongqi, Professor He, and Li Zeju issued the same order as Feng Yu at the same time, they will fight to defend Xiangjiang Finance!
Ren Zhigang, the head of Xiangjiang Financial Management, he remembered what Fu Rongqi and others told him two days ago.
Fu Rongqi told him that Soros had already set his sights on Xiangjiang, and would attack the Hong Kong dollar just like attacking the currencies of other countries, so Ren Zhigang should be careful.
Ren Zhigang didn't take these words to heart at first, and if Soros dared to attack Xiangjiang, he was dragged to the Treasure Island Market.
But two days ago, Baodao suddenly announced that it would give up supporting the Taiwan dollar, which shocked Ren Zhigang. How could Baodao lose? Now that Treasure Island is defeated, can Xiangjiang stop it?
Ren Zhigang's subordinates rushed in to report, asking about the countermeasures, whether to increase the lending interest, so as to increase Soros' borrowing costs, so as to prevent them from short selling Hong Kong dollars?
If it was before, Ren Zhigang would definitely have chosen to do this, but after Fu Rongqi's warning, Ren Zhigang chose another method.
"No, the lending interest rate remains the same. I just greet those banks and strictly control the short-term lending quota. Then prepare and use foreign exchange reserves. We will buy back as many Hong Kong dollars as they throw away and deposit them in the bank!"
"Then how much foreign exchange do we need to use? What if it's not enough?" the subordinate asked urgently.
"Don't worry, someone will help buy Hong Kong dollars together." Ren Zhigang remembered the promise made by Fu Rongqi and Li Chaoren. These two promised a lot. They said they would spend a large amount of money to buy Hong Kong dollars, so they would definitely do so.
Moreover, Fu Rongqi also told him that the Hong Kong dollar is pegged to the U.S. dollar in Hong Kong's linked exchange rate system. How could Soros suppress the U.S. dollar?
The benchmark exchange rate of 7.75:1 will never change. At most, there will be a little fluctuation, which will not affect anything. It is completely within the normal fluctuation range, so he doesn't need to worry about it.
...
Soros leaned on the sofa, holding a glass of champagne, ready to celebrate Xiangjiang's entry. Of course, it is impossible for him to make money on the Hong Kong dollar exchange rate, but as long as Hong Kong raises interest rates, the stock market will inevitably fall. Once the Hang Seng Index falls, he can continue to build momentum and take advantage of the opportunity to make money.
Suppressing the Hong Kong dollar is nothing but a smokescreen placed ahead. After studying the Four King Kongs, he also believed that this method is feasible!
"Boss, Xiangjiang has issued a policy, but there is a big deviation from our estimate!" Zhuken Miller came in to report.
"Huh? What's wrong?" Soros suddenly had a bad feeling.
"Xiangjiang only controlled the short-term lending quota, but did not adjust the interest rate!"
Soros sat up straight: "What are you talking about, their interest rates haven't been adjusted?"
"There is no adjustment. It's just that we have a lot of trouble borrowing Hong Kong dollars, and we can't borrow too much. Xiangjiang used its foreign exchange reserves, took the full amount, and then transferred it to the bank and deposited it in the bank. We lost interest in vain."
Soros put down his wine glass, and slowly tapped the table with his finger. Sure enough, Xiangjiang has a master, did he see through his intention? In this way, it becomes a capital account, and it depends on whose funds are stronger.
"Didn't the Hang Seng Index fall?"
"It has fallen a little bit, and our interest loss can be compensated through this part. But we may not be able to make up for the loss of selling Hong Kong dollars at a low price."
"Don't worry, if the Hang Seng Index falls, we won't lose money. Don't forget, we also quietly opened positions in London before!"
The Hong Kong dollar is also one of the more active currencies in the foreign exchange market in London. If Xiangjiang cannot borrow it, it does not mean that London cannot borrow it. They can still continue to sell the Hong Kong dollar.
"But, boss, in this way, we will become a competition for who has more funds. Once someone pulls up the Hang Seng Index at this time, what should we do?" Zhuken Miller looked worried.
Before Soros could answer, Thomas of the Four King Kong came in to report: "Boss, the Hang Seng Index has risen, and a large amount of money has entered the market, so it will push the Hang Seng Index up!"
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