Chapter 852 ?? On the eve of the decisive battle
When the clock pointed to 11 o'clock, the market suddenly fluctuated, and the orders of nearly 2 billion placed by international speculators were bought out in a blink of an eye. The stock index, which continued to fall, suddenly stopped and then began to rebound.
Stock investors who had lost confidence in the market were thunderous. At the same time, the good news of the Hong Kong government's move was spread out immediately.
Hong Kong Government, Financial Authority.
Ren Zhigang, the president of the Central Committee, directed the "seven teams" to quickly buy out the Hong Kong dollars sold by international speculators. This time, the Hong Kong government used foreign exchange funds and land funds to enter the stock market and the Hang Seng Index futures market at the same time, and absorbed the Hong Kong dollars sold by international speculators at the first time.
If the Hang Seng Index will soon plummet to 4,000 points, and the interest on bank loans will be at the highest level in history. Dongfang Mingzhen is likely to "dead" within 5 days.
Zeng Huaquan, Director of the Finance Department, said to Ren Zhigang: "Zhigang, there is no turning back. At this time, decoupling will only cause Hong Kong people to lose confidence in the Hong Kong dollar overnight, and will also cause the stock market to plummet again, interest rates soar, and the economic environment will further deteriorate. Even in the long run, it may not be a blessing for Hong Kong people.
So we can only win this battle, not lose. If we win, everything will be fine. We are worthy of the Hong Kong people and the great country that has been fought for by generations of Hong Kong people. If we lose, we will be sinners for the eternal sinners!"
Ren Zhigang has gray hair. Although he is the "financial czar" of Hong Kong Island, he still has no choice but to face the several attacks of international speculators led by Soros. This time, Soros made a comeback to the final battle, ending Hong Kong, ending the wealth accumulated by Hong Kong over the past decades, and driving Hong Kong into the abyss.
Ren Zhigang had a firm face and said firmly: "With the SAR government's full support and the central government as its backing, if I still lose in the last battle, I apologize for death."
"I don't want you to apologize for death. I want you to win this war, because it is not just a war for you alone, but a war for millions of Hong Kong people. You and I can only win, not lose!"
Zeng Huaquan stared at the market data and silently calculated.
Hong Kong adopts a linked exchange rate system, which is a 7.8:1 exchange rate system. At this time, there are not many choices before the Hong Kong government: one is to implement foreign exchange controls; the other is to announce the decoupling of the Hong Kong dollar against the US dollar.
However, Zeng Huaquan did not want to give up the contact exchange rate and survived. He had to make a choice. Instead of letting the wealth of the Hong Kong people fall into the hands of speculators, it would be better for the government to enter the market, call for foreign exchange reserves, and give it a try.
This time the Hong Kong government took action, and he and Ren Zhigang reported this idea to the Chief Executive. Zeng Huaquan, who was hesitant, did not expect that Chief Executive Dong only took half an hour to make the decision to let it go.
Now that things have come to this point, Zeng Huaquan is very clear that it would be fine if he wins with the hard-earned money of Hong Kong people; if he loses, let alone resigning, they will be lighter even if they apologize for death. But there is no other way before them.
Sometimes, history requires some people to make some difficult decisions.
The final showdown between the two sides came as scheduled.
But what he didn't expect was that on the eve of the decisive battle, friendly troops who came from all over the way rushed forward first, winning the final decision for them in a cruel way, and strengthening his confidence even more.
At 5 pm, the Hang Seng Index rebounded by more than 560 points, an increase of 8%, closing at 7224 points!
The Soros Legion was unexpectedly surprised. They did not expect that the Hong Kong government, which has always been a free market, would actually enter the market to fight.
New York.
Quantum Fund Headquarters.
Soros looked at the market that had risen to 7224 o'clock, and he pounded his desk with his hands.
Carl shook his head and said, "The Hong Kong government has really taken action. They have broken the rules of the game!"
As an old martial arts world, Soros said: "There is no turning back when starting construction. Stay stable. Since the Hong Kong government has already started, only the small fish and big fish will take it away together. I want to see how much foreign exchange reserves the Hong Kong government has. This time, I will take away the wealth accumulated over a hundred years of Hong Kong at one time!"
On August 14, the Wall Street Journal published Soros' arrogant words "The Hong Kong government will be defeated." International speculators must defeat the psychological defense of Hong Kong people in a devastating way and end Hong Kong in one battle.
Hong Kong Island.
Starting from 9 o'clock, the tug-of-war between the two sides began. The Hong Kong government and the Soros Legion went back and forth, and the war was in a stalemate.
Zeng Huaquan and Ren Zhigang have been sticking to the computer.
The secretary put a confidential report in front of Zeng Huaquan. Zeng Huaquan opened the report and looked at it a few times, then pushed it to Ren Zhigang: "The friendly army has been found, it is a real friendly army. Now you can rest assured that he will not stab the knife in the back!"
Ren Zhigang finished reading the report and then felt relieved, "Before, they were blocking the Korean won in London. They were brave enough. I thought this time, this guy would block us with Soros. It seems that he is not as stupid as I thought!"
Zeng Huaquan smiled and said, "This is not a matter of stupidity and intelligence, but a matter of position. If both Chinese people do not stand on the side of the country at this time, but instead put a destruction on wealth, they will only become sinners in history and be despised by future generations. Although wealth can bring status, reputation, and dazzling halos to people, it cannot replace everything. People must take something. He has fought for time for us. He is a friend of Hong Kong people and a qualified Chinese!"
Looking at the numbers on the screen that were constantly tug at the warp, Lu Jingyi whispered around Luo Li: "You said, do they already know our identities now?"
Luo Li smiled and said, "That is necessary. Earlier, neither the central government nor the Hong Kong government could have thoroughly investigated an irrelevant minion just because I blocked the Korean won in London.
Now, international speculators are attacking Hong Kong Island. As the vanguard, we charge forward at the first time to win valuable time for the Hong Kong government. Both the central government and the Hong Kong government must understand where we come from. Only by knowing our own knowledge can we make a move. A friendly army exposed to the sun can make people feel more at ease than hiding in the dark. Everyone is afraid that there will be a yellow bird behind them..."
"Your little orchid grows in front..."
"It's small, it's grown up, and the long-haired oriole is going to return home!"
"Hate, your little orchid is too big!"
"Well, so the home is spacious."
"Annoying, you dislike me!"
"No, look, it's tight and solid..."
From the 14th to the 24th, the Hong Kong government and Soros' speculator group were close contact, and the Hang Seng Index slowly suppressed the previous crazy decline and began to be in a state of turbulence.
On August 26, two days before the settlement date of Hang Seng Index Futures, Nalan Ruyan came to Hong Kong with Liuxu.
Chapter completed!