Chapter 940 First Defeat of Soros

"The Hong Kong dollar can't stand it any longer. It needs to be de-pegged from the U.S. dollar. It is conservatively estimated that the depreciation will be at least 30%!"

"The Hang Seng Index will fall below 8,000 points, it will be too late if you don't run away!"

"A number of listed companies are suspected of financial fraud and will be suspended from trading!"

"The financial crisis has spread to Xiangjiang, it is safer to exchange money into US dollars!"

"I call on Hongkong Financial Management to raise interest rates and resist foreign funds from shorting the Hong Kong dollar!"

...

The next day, similar articles appeared on many media outlets in Xiangjiang, and even similar news appeared on some news programs.

Ren Zhigang immediately held a press conference, reprimanded the rumormongers, and contacted the Chief Executive to demand that these rumormongers be punished according to law!

"Xiangjiang is a linked exchange rate system with an automatic adjustment mechanism, and Xiangjiang has a huge amount of foreign exchange reserves, so it will not be defeated by mere quantum funds. Those speculators are bound to fail miserably!"

"Ren Ju, may I ask if the Taiwan dollar has lost, why do you think Xiangjiang will not lose? Baodao's foreign exchange reserves are much higher than Xiangjiang." A reporter asked loudly.

"That's because Taiwan's dollar needs to fall, so as to reduce the inflation rate of Taiwan. They need to import more products. Besides, how much has Taiwan lost? From the overall point of view, the decline of Taiwan's dollar will have an economic impact on Taiwan. Not much at all. Besides, our linked exchange rate system, the Hong Kong dollar is pegged to the U.S. dollar and will never be decoupled. Do you think the Quantum Fund can make the U.S. dollar fall?"

"But why don't we raise the interest rate, so that they can prevent them from continuing to sell Hong Kong dollars?" Another reporter asked.

"Sell it and sell it. They also have to pay interest? We just buy it back. Xiangjiang's funds are absolutely sufficient."

"Some people say that the Hang Seng Index is going to drop sharply. In the past two months, the Hang Seng Index has fallen by more than 1,000 points."

"The Hang Seng Index is now more than 12,000 points. Two months ago, it was more than 14,000 points. Is it a big drop? The overall economic situation in Asia is not very good. Is this kind of fluctuation normal? Don't you buy stocks? Didn’t they all fall by 10%? But it’s alarmist to say that it fell below 8,000 points. Today’s Hang Seng Index has risen, and many stocks have risen. Haven’t you seen this? And we didn’t use it What drives up the funds is that investors believe that the Xiangjiang stock market is worth investing in.”

Ren Zhigang got a little better, and Li Chaoren led some people to start buying Hong Kong stocks.

Li Chaoren bought as much as Soros and the others sold at a low price.

Li Chaoren even announced some news, which caused his company's stock to soar, and many wealthy people in Xiangjiang released good news, such as signing a cooperation agreement with the mainland, expecting profits in the next few years, and so on. And it did drive a large number of people to buy Xiangjiang stocks, especially those blue-chip stocks that are generally believed to be relatively strong.

Li Chaoren prefers real estate. He led people to buy the stocks of many real estate companies. Fu Rongqi prefers trading, and Fu Rongqi bought the stocks of some trading companies. Some people like high-tech, and such stocks are bought in large quantities, while others like traditional manufacturing, which they think is the most reliable.

The Hang Seng Index not only did not fall, but also rushed to 13,000 points.

Feng Yu also used a large amount of funds, using US dollars, to buy Hong Kong dollars that were sold at a low price, and then used Hong Kong dollars to buy Hong Kong stocks.

...

"Boss, it can't be done. The bad news we released has no effect at all. Many rich people are Hong Kong media tycoons. We can't get on the mainstream media to create momentum." Zhu Ken Miller said urgently.

They released a lot of bad news, hoping to cause panic and make people follow suit and sell. But their news is far inferior to those good news, especially those good news were jointly announced by several top rich men in Xiangjiang.

Soros never expected that the top tycoons in Xiangjiang would join forces. Even if they joined forces, they would not be able to make much money. Isn't this not worth the candle!

But I have to say that those rich people may not make money, and Soros will lose money!

If the Hang Seng Index rises, their stock index futures have already lost money, and if they sell Hong Kong dollars, they will lose money, and the interest will be another loss. The problem is that the exchange rate of Hong Kong dollars is too stable, and they can't suppress it at all!

The strategy failed, and Soros was a little worried for the first time. He began to reflect on whether his victories in other Southeast Asian countries had made him less clear-headed. Should he really not attack Xiangjiang?

"Boss, what should we do? Now that the Hang Seng Index is rising, should we continue to short the Hang Seng Index and spread the contract index equally?"

"Or we can reverse buy the contract that the Hang Seng Index is rising to stop the loss, or even make the illusion of continuing to attack, let them pull the Hang Seng Index up, and we may still make money." Thomas said.

"No, I think we should deliver those contracts, and this time we will admit losses. We can attack South Korea first, and I have found the loopholes there. Within a month, we will surely break South Korea's exchange rate system. Not only can we take this Fill in some of the losses and make a lot of money.”

"I think it is better to attack the island countries. Many countries in Southeast Asia have loans from banks in the island countries, and now they are not repaid. The surge in bad debts and bad debts in the island countries is a good opportunity for us to start. And the island countries have experienced economic growth in the past few years. The development of the country has slowed down a lot, and after we hit the island country, we can also have an impact on Xiangjiang!"

Each of the Four King Kong had different opinions, and they began to quarrel with each other. Soros closed his eyes with a tired face. At his age, concentrating on one problem for a long time is already a great burden.

What's more, failing this time was also a blow to his spirit. When people are happy, their energy will become more vigorous, and they will not feel tired so easily.

But once a person suffers setbacks, he will be physically and mentally exhausted!

Arguing and arguing, the Four King Kong suddenly realized that Soros hadn't said a word. They were silent at the same time, looking at Soros, waiting for the boss's decision.

Soros opened his eyes: "Let's deliver, let's attack South Korea first!"

"boss!"

Zhu Ken Miller still wanted to persuade, Soros waved his hand: "I know, this will have some impact on our reputation, but if we continue to entangle with Xiangjiang, we will lose more. We have to find a way to let those Xiangjiang If you just deal with the Xiangjiang government axe, it will be much easier!"

...

Soros retreated, Xiangjiang was jubilant!

The famous Quantum Fund was defeated by Xiangjiang. Even after breaking away from the United Kingdom, Xiangjiang is still the economic center of Asia, not to mention that Huaxia has not yet made a move!

Feng Yu and the others opened champagne to celebrate, and everyone's faces were beaming. The Soros they repelled, the important thing is that they didn't lose anything, and some even made some money.

Feng Yu looked out the window, Soros failed to attack Xiangjiang for the first time, but with Soros's ambition, he will definitely make a comeback! How about trying to fight him in South Korea?

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