On August 27, 1998, on the eve of August futures settlement, the Hong Kong government and Soros Group both adopted a decisive battle posture. On this day, the global financial market was generally in a downturn, the Dow Jones Index in the United States continued to fall, and the European
And Latin American stock markets also fell by 3% to 8%. Hong Kong is facing a very serious situation.
Especially because the stock price of "Yuanzhong Resources" fell sharply for the fourth consecutive day, pulling down the Hang Seng Index in Hong Kong. The Hong Kong government, under the leadership of Zhou Hao and Zeng Yingquan, injected more than 100 yuan into the stock market in one morning.
HK$100 million, but it can only raise the Hang Seng Index by dozens of points, with little effect.
"Our news is that at 11:13 this morning, the Quantum Fund declared that the Hong Kong government will lose." Hong Kong's major TV stations reported this news: "The Quantum Fund represents the views and positions of George Soros, and people like
It is unheard of and unprecedented for Soros to publicly declare war on a government in the name of a certain company or group of people, and threaten to defeat the government. Representatives of major financial institutions and people in the financial industry have expressed their disapproval of the Quantum Fund.
This arrogant behavior calls for condemnation and questioning."
Following Quantum Fund's declaration of war, the speculator group headed by Soros immediately launched a large-scale sell-off of Hong Kong dollars and targeted several large blue-chip stocks and state-owned enterprise stocks such as "Far and Medium Resources", further suppressing the Hong Kong stock market.
Faced with such a severe situation, everyone in the Hong Kong government was nervous and anxious, especially Chief Executive Tung and Tsang Ying-quan, because if Hong Kong was defeated, they would be the ones who would bear the greatest responsibility, except Zhou Hao.
"Xiao Hao, the offensive of those bastards Soros is very strong, and it will be very difficult for us to resist it!" Zeng Yingquan showed the latest data to Zhou Hao, and said with a heavy face: "What should we do? If the stock market does not improve again.
, our chances of winning will be much smaller."
Zhou Hao was as calm as water and said calmly: "Don't worry, we will achieve final victory."
"But now that the situation is like this, how can I not be worried!" Regarding Zhou Hao's stereotyped answer, Zeng Yingquan finally lost his temper. After all, this matter related to the fate of the entire Hong Kong, so Zeng Yingquan couldn't help but feel nervous.
Seeing that Zeng Yingquan was really anxious, Zhou Hao showed a smile: "Uncle Quan, the more urgent the matter, the less urgent it is."
"But, but..." Zeng Yingquan really didn't know what to say at this time. If he really failed, he wouldn't be able to atone for his sin by jumping off the building.
Zhou Hao raised his hand and said with a smile: "It's not the last moment yet, just wait, it will be over tomorrow."
Seeing the presence of the old god Zhou Hao, Zeng Yingquan felt relieved. He couldn't help but guess that Zhou Hao, or the central government, might have some back-up tactics to deal with Soros and the others. Since Zhou Hao was so calm,
There is no point in worrying blindly.
But to really feel relieved, Zeng Yingquan and the others could not do it. They could only spend the last day before the decisive battle uneasily. On August 27, the Hong Kong government injected more than 20 billion into the stock market.
The Hong Kong dollar and the Hang Seng Index finally rose by 78 points, but it was still much lower than the target of Zeng Yingquan and others. If the situation is still the same tomorrow, Hong Kong will lose.
On this night, the entire Hong Kong seemed to be shrouded in haze, and the entire city fell silent. There was no longer the bustle and bustle of the past, as if preparing for the decisive battle between the Hong Kong government and the Soros Group tomorrow.
There was no talking all night, and soon the 28th came, which was the final futures settlement period.
Although the Hong Kong government has successively brought huge sums of money into the market since the market opened, spending more than 20 billion Hong Kong dollars in less than half a day, but under the fierce and severe attack of the Soros Group, the market has still not improved.
"This time it's over. We in Hong Kong are going to lose. You see, the government can't support us at all. It's being suppressed by Soros and those people."
"I have lost hundreds of thousands in the stock market before. If the government fails again this time, our company will collapse, and we will be unemployed by then."
"Oh, it's so tragic. If this happens, our economy in Hong Kong will probably go back for more than ten years."
The citizens of Hong Kong are nervously watching this final battle, because Hong Kong's success or failure is closely related to them. Although Hong Kong's defeat will not cause them immediate economic losses, the Exchange Fund and Land Fund are Hong Kong's family assets. Once the losses are heavy,
Many government-led infrastructure projects will be forced to suspend, and the social welfare and security of Hong Kong citizens will be greatly weakened. In particular, Hong Kong's economic environment and investment environment will decline. This macro-level regression is the most terrifying.
Zeng Yingquan inside the Hong Kong Monetary Authority was also dejected and haggard. Looking at the constantly beating numbers on the display board, Zeng Yingquan even had the urge to jump out of the window here. Chief Executive Dong over there was also sitting slumped on a table.
He didn't say a word on the chair, and his lonely and haggard look made people heartbroken.
Most of the senior officials of the Hong Kong government present were like this. Only Zhou Hao and Qin Donghai, who knew the inside story, could remain calm as always. Zhou Hao did not go to comfort Zeng Yingquan and others this time, because he went to comfort them at this time.
They are afraid that they will explode immediately. After all, they have heard too many words of comfort. The only thing that can cheer them up now is the actual situation of coming back from the dead.
On the other side, seeing the Hong Kong stock market losing ground, Soros, Julian and others cheered. Some people even opened champagne to celebrate in advance. After all, they have also gone through waves of intense and severe battles during these days.
.
Amid the laughter, Soros also came to Willy Wentz with a wine glass and smiled at him: "Willy, it's almost over. We will be able to go back to the United States soon. You haven't been here for a long time.
You went back to see your mother, so come with me this time to see her and reunite our family."
Thinking of his mother who was still in the United States, Willyworth's eyes felt warm. He smiled and said, "Yes, after this time, I should go back to see my mother."
Hearing that Willie Wentz was willing to go back to the United States with him, Soros was even more happy, and said to Adkins beside him: "Let the people below step up the offensive, I want to celebrate my family reunion with a big victory!"
"
But at this moment, a trader stumbled in, looking around for something. When his eyes saw Soros, he immediately ran over here and pushed several other people away, causing a fuss.
scolded.
Seeing this panicked trader, Soros's face darkened and he had a bad feeling in his heart. On the other hand, Willyworth, who was next to him, looked genuinely relieved after seeing this trader.
"George...Mr. George...Russian...huhu...Russian side..." He gasped and said to Soros intermittently: "The Russian government has just announced that it will expand the exchange rate floating range of the ruble against the US dollar to 6.0-
9.5:1, while delaying the repayment of foreign debt and suspending the trading of government bond securities, the ruble devalued by more than 80%, and the Russian stock market and foreign exchange market plummeted!"
"What?" Everyone present changed their faces when they heard this.
Soros and Julian were the first to react. Julian quickly walked over and grabbed the trader with force and asked: "What nonsense are you talking about? How could the Russian government suddenly make such a decision? Why do those financial oligarchs in Russia
Haven’t you heard anything about it yet? Are you, son of a bitch, a spy sent here by Zhou Hao?”
"No...no, Mr. Robertson, I, I'm not a spy." The trader quickly denied.
Soros immediately asked someone to turn on the TV and sent someone to contact the US head office to confirm the news.
What was playing on the TV was a news report from Asia Television: "According to our news, the Russian government spokesperson announced a decision earlier to expand the floating range of the ruble's exchange rate against the U.S. dollar to 6.0-9.5:1 and postpone the repayment of foreign debt.
, while suspending trading in government bond securities.
When the Russian government issued this news, the ruble immediately devalued by more than 80%, and the Russian stock market plummeted by 15% within an hour!
At the same time, the Russian authorities today arrested Galvinc Montolovsky and Formikir Ogav, who are members of the Russian Far East Bank and Siberia Bank respectively, on charges of tax evasion and illegal stock market manipulation.
The group chairman of the United Petroleum Company is one of the few richest people in Russia..."
Looking at the news reports on TV, Soros, Julian and other top officials were stunned, not only because the Russian government announced a change in the floating range of the ruble exchange rate, but also because Montolovsky and Austrian
Gaff was arrested because these two Russian tycoons were financial oligarchs who colluded with Soros and others.
Almost at the same time, Akins hurried over and said to Soro: "Thank you, Mr. George, the United States has confirmed the news from the Russian government. The Russian government bonds and ruble futures we purchased before are now
It’s all turned into waste paper, and our Quantum Fund’s losses exceeded five billion U.S. dollars!”
Akins' words immediately caused an uproar. Even Quantum Fund's losses exceeded US$5 billion, and other hedge funds were even more unbearable.
Julian's face was also very ugly, because his assistant had just told him that Tiger Fund's losses in Russia were close to 6 billion US dollars, which was not far behind the losses of Quantum Fund!