On the evening of July 30, Luo Li and his team members held their first meeting.

Luo Li said: "From last year to the present, Asian countries have become increasingly severe under the malicious hype of international bombers. As the Asian financial center, Hong Kong Island is destined to be a decisive battle after Soros launched a financial war against Southeast Asia. Soros cannot defeat Hong Kong, so Soros cannot stand up to his face.

From mid-July 1997 to January-May 1998, Soros and international speculators carried out three speculative sell-offs on the Hong Kong dollar. The Hong Kong dollar exchange rate was greatly impacted, and the Hang Seng Index and Futures Market Index plummeted more than 4,000 points. The current market panic level has never happened in more than a decade. The financial system of Southeast Asian countries such as the Korean won, Japanese yen, and Thai baht suffered major damage.

Although Soros doesn't seem to have made much moves in the past two months from May to now, the storm is coming and the wind is filling the building. As I said just now, in the face of the Asian financial crisis, international speculators such as Soros will definitely keep a close eye on the blood of flies. As the Hong Kong Island of Asia's financial center, if Soros doesn't take Hong Kong Island, he will not be able to sleep. This time we are not cooperating with international speculators, but blocking international speculators, being a third party, and fishermen will benefit."

Lokichang said: "Although I agree with Mr. Luo's point of view, I have worked in the financial industry for ten years. The scene of Soros blocking the British Pound is vivid in my mind. Faced with the Asian financial crisis, international speculators will never miss this opportunity. Hong Kong Island will definitely be the final battle they chose.

According to previous operations, international speculators will definitely short stocks and futures indexes in the securities market, greatly suppressing the Hang Seng Index. In fact, when international speculators hit the Hong Kong dollar in the first round last year, Hong Kong government knew that it was difficult to resist international speculators with their foreign exchange reserves. Among all the first three rounds of impact, international speculators won a great victory. If international speculators make a comeback this time, the Hong Kong government will still find it difficult to resist. Mr. Luo, although I admire your foresight, but this time, international speculators are coming in full force. How can the Hong Kong government resist? Does it depend on the central government?"

Mark said: "Hong Kong Island has always been known as the free port. There is no precedent for the government to intervene in the capital market on a large scale, and it will seriously affect its free market credibility. Moreover, the international speculators led by Soros still have hundreds of billions of dollars in funds to be used, which is enough to defeat the vast majority of the world's economies. If the central government takes action, it will damage the international financial order, and even the central government cannot take action."

After Lokichang talked to Mark, Antonio, Catherine, and Dominic in the team all agreed.

Luo Li smiled and said, "I'll ask a question. In your Western countries, what will you do if your son loses a fight with someone?"

Antonio said: "If it were my son, I would tell him to stand up and lose. We will definitely fight again next time until we defeat him!"

Luo Li smiled again and said to Lu Jingyi, "Sister Jingyi, what if it were us Chinese?"

Lu Jingyi said: "If your son loses his beating and is bullied again in China, then the parents will definitely come to the other party to ask for an explanation. If they don't fight back for their son, they will never give up!"

Katherine shrugged: "How can this be done? Children fight is the child's business, why do parents have to participate...you mean..."

Catherine and others instantly understood what Luo Li meant and all stared at him.

Luo Li said with a smile: "That's right, this is the gap between Eastern and Western cultures. You Westerners, your son fights and it is your own business. But in our East, your son cannot defeat me, and I cannot defeat the whole family. If you bully your son, the whole family will fight with you. We have an old saying: Father and son fight, brothers when they fight!"

From August 1 to August 3, international speculators once again sniped the Hong Kong dollar through hedge funds to push up interest rate distribution and interest rates, and the market fell into panic.

However, Roli knew that Soros only made a superficial attack on the Hong Kong dollar, and the stock market and futures market were his real main targets, and hitting the east and west was Soros' usual means of speculation.

International speculators sold their targets to Hong Kong Island. On August 4, Soros openly clamored in the Wall Street Journal, "The Hong Kong government will lose!"

The news came back to Hong Kong Island, and the whole Hong Kong was in an uproar, and the whole world was looking at Hong Kong Island.

International speculators led by Soros have won three major victories in Hong Kong. This time, financial institutions around the world predict that the Hong Kong government will not be able to resist international speculators.

Soroso did not take it directly like in the past when attacking the pound and baht, but instead implemented a joint attack on Hong Kong foreign exchange, stocks and futures markets. The weakness of the Hong Kong dollar is that interest rates are prone to surge, which leads to a sharp drop in the stock market.

Soros intends to short the stock market and futures market, and then all kinds of methods promote the sharp rise in Hong Kong dollar interest rates, causing the Hang Seng Index and futures index to plummet, and finally get huge profits before leaving the market.

Even though he knew that Soros would take such a trick, the Hong Kong Financial Bureau was still unable to do so. If there was no foreign aid, facing the continuous attacks of international speculators, Hong Kong would be "despaired". If the Hong Kong government does not take action, the Hang Seng Index will soon plummet to 4,000 points, and bank loan interest will rank at the highest level in history. Hong Kong is likely to "dead" within 5 days.

Panic began to spread throughout Hong Kong Island, and the property market plummeted.

Not only that, speculators have been hyping up in the mainland that RMB will depreciate by 10%. Among them, RMB black market transactions in Beijing, Shanghai, Guangzhou and other places fell to about 9.5 RMB for exchange. Speculators spread rumors that RMB will depreciate by MB, hoping to use this to influence people's confidence in the Hong Kong dollar.

In order to create panic, international speculators have hyped rumors about instability of mainland banks, and their purpose is to create psychological conditions for sniping the Hong Kong dollar and use all means.

Luo Li sat in the financial hall on Hong Kong Island and saw the Hang Seng Index falling all the way after several consecutive days of impact. The Hang Seng Index fell sharply from 10,000 points to 8,000 points.

Lokichang and others were rubbing their hands constantly as if they were sitting on pins and needles.

"Mr. Luo, it has fallen to the 8,000 point mark. What should we do? When will we enter the market?"

Luo Li remained calm, "Don't worry, it's time for us to take action yet, wait, and we will continue to wait until international speculators hit the Hang Seng Index to 6,000 points!"

Luo Li's calmness gave the entire team a dose of reassurance.

On August 5 and 6: Soros and others sold more than 40 billion Hong Kong dollars. The Hong Kong Island Monetary Authority accepted the order and stabilized the Hong Kong dollar exchange rate at 1 US dollar to 7.75 Hong Kong dollars. They will also buy Hong Kong dollars and deposit them into the banking system to stabilize the interbank lending rate.

August 7: The Hang Seng Index fell 3% due to poor interim report of blue chips. From 7 to 12, the Hong Kong government continued to absorb the Hong Kong dollar and stabilized the lending rate and the stock market. Soros and others smashed the market, and the Hang Seng Index finally fell to 6,600 points. The Hong Kong government began to seek reinforcements.
Chapter completed!