In the original history, these targeted improvements to Hong Kong's linked exchange rate system were made after the financial war by a group of top experts with extremely high status in Hong Kong and domestic financial circles, economics, academia and other fields.
It is the brainchild of summarizing experience on the basis of several studies and discussions. Each measure has extremely high operability and can also adjust Hong Kong's current linked exchange rate according to the actual situation to make it more dynamic.
play an even more important role in times of financial crisis.
Listening to the measures listed by Zhou Hao, Chief Executive Dong, Zeng Yingquan, Qin Donghai and Bai Zhengnan were all more and more surprised. The eyes of the experts also became brighter. Their gazes towards Zhou Hao gradually changed from respect to
Of reverence.
As the saying goes, an expert can tell if something is wrong as soon as he makes a move. Everyone present is a leader in the economic field. Naturally, it can be seen how valuable these suggestions put forward by Zhou Hao are, especially those experts who can be invited.
Those who come here are all leaders in their respective fields.
When Zhou Hao finished speaking, everyone was still thinking about it. They were thinking about Zhou Hao's measures and combined them with the reality of Hong Kong. The more they thought about it, the more feasible they became. Zhou Hao's words seemed to have become a bottle of ancient wine.
, the more you drink, the more it tastes.
Seeing everyone immersed in Zhou Hao's point of view, Zhao Yuqin was very proud of Zhou Hao. As his woman, even though she couldn't make it public, she still felt that it was a supreme honor, and she was even happier than winning the Nobel Prize.
.
After a long while, Zeng Yingquan sighed: "If we had implemented these measures before, maybe the situation would not have developed into what it is now, and people like Soros and Julian would not have been able to leverage our economy so easily."
Qin Donghai also said with emotion: "To be honest, before this, I had some doubts about the Chairman and the two of them handing such a big responsibility to Zhou Hao. Now I know that it is the Chairman and the Prime Minister who are more accurate."
.I think Zhou Hao, you are a bit overqualified as a 'consultant'. In my opinion, even if you are appointed as the general manager of the central bank, it will be more than enough."
"President Qin, you can't say this nonsense." Zhou Hao laughed repeatedly and said: "These measures are just my own imagination. They still need the efforts of everyone in the Hong Kong government, and they will not be implemented until this financial war is over.
Implement it slowly, otherwise it will be difficult to gain widespread support from the public if it is announced rashly."
Chief Executive Dong nodded: "Xiao Hao is right, these measures can only be implemented after the end of this war at the earliest. Now we still have to focus on the battlefield. Xiao Hao, have you received anything in the market?
Rumor? I always feel that Soros and others will not just sell the Hong Kong dollar, but will make other moves."
"I think so too." Zhou Hao said: "Those are all cunning people. Seeing that they have been unable to break through our currency gate for so long, they will definitely find other ways. However, there has been no change in the market recently.
What an abnormal situation, but I suggest paying more attention to the stock and Hang Seng Index markets. If they can't eat meat in the currency and foreign exchange markets, they will definitely turn their attention to the stock market."
As soon as he finished speaking, the door to the reception room was pushed open violently, causing everyone to look over in shock.
The person who broke in was a young man in his thirties wearing glasses. When he saw Chief Executive Dong and other high-ranking officials looking at him, he realized how abrupt he was and immediately became cautious, not knowing where to move his hands.
He let it go, but remembered that he had brought important news, and said quickly: "Chief Executive, Director Zeng, we have just received news that Yuanyang Group, Oujing Chemical, Huainan Heavy Industry and other stocks have been attacked by unknown hedge funds.
Sniper, the average price dropped by nine percent."
"What did you say?" Chief Dong, Zeng Yingquan and others all changed their expressions, because the groups he mentioned have strong assets and are very good blue-chip blue-chip stocks, and among them, Huainan Heavy Industry is a red-chip state-owned enterprise stock, which was launched at the beginning of this year.
listed in Hong Kong.
Zhou Hao reacted immediately and said: "It's Soros and the others!"
Everyone was also reminded by Zhou Hao's words. Zeng Yingquan said: "They are indeed not as peaceful as we thought. Let's go and have a look."
So, the group of people hurried to another conference room, where there were many electronic screens and many operators sitting in front of them, where they could see the latest changes in various data in the market.
After Zeng Yingquan and the others came in, one of the operators said: "In addition to the attack on Huainan Heavy Industry, the stocks of Oakwood Industrial and Mercer Corporation have skyrocketed unusually, exceeding one and a half times their true value!"
Zhou Hao frowned and stared at the data that was constantly beating on the electronic screen. Zeng Yingquan and others were also watching and listening to the operator's report. The conference room was also mixed with the sound of "tick-tick" rapid typing on the keyboard, which made
The atmosphere also became tense, making everyone feel as if they were facing a formidable enemy.
Soon, Zhou Hao said in a deep voice: "Sure enough, Soros and Julian are hyping up 'ultra-short-term' stocks, sniping at red-chip stocks and some blue-chip stocks, and at the same time raising the stock prices of some 'concept stocks'. They want to make money in Hong Kong."
raging in the futures market and taking the opportunity to suppress the Hong Kong stock market!"
"Xiao Hao, not only that, but the red-chip and blue-chip stocks that have been attacked have all made large loans from the three major note-issuing banks. Once these companies collapse or even liquidate, the losses suffered by the three major banks will be huge.
Big." Zeng Yingquan added.
Zhou Hao's pupils shrank. He didn't expect that Soros and others had such sinister intentions. While making profits in the stock and futures markets, they also did not forget to attack Hong Kong's banking system, intending to break through Hong Kong's defense line and make it comprehensive from point to point.
collapse.
"Teacher Zhou, what should the government do in this situation?" An expert approached Zhou Hao and asked eagerly.
Zhou Hao did not answer immediately, but looked at the date on the electronic screen.
The electronic screen showed that today is August 11, 1998. Zhou Hao naturally knew that the best way to deal with this offensive by Soros, Julian and others was for the government to bring huge sums of money into the market and use its strong reserves.
Funds are used to rescue the market. It turns out that this is what the Hong Kong government did historically.
However, in the original history, the Hong Kong government only entered the market on August 14 to stabilize the situation. Before that, the Hong Kong government had a heated discussion on this, because the government's entry into the market represented a kind of macro-control of the economy.
, the methods and attitudes are relatively tough. This method may be taken for granted or commonplace in China, but Hong Kong is the world's
As a well-known free trade port, finance and trade are very particular about the freedom of capital and policy. If the government enters the market, it will cause a strong backlash from the outside world, especially those from Soros, who even advocate the Hong Kong government to abandon the capitalist society.
The transition of the system to domestic socialism has greatly frightened the citizens of Hong Kong and has had a considerable negative impact.
If all this was a decision made by the government, Zhou Hao would naturally not take this thankless task on himself, but it is different now. Zhou Hao has become a person with a higher status than Chief Executive Dong and others to a certain extent.
Consultant," and the decision to let the government enter the market must mostly be made by himself. Otherwise, it doesn't matter if he attracts criticism, the most important thing is that the opportunity to fight is delayed.
After weighing it silently in his mind, Zhou Hao turned around and said to Chief Executive Dong and others: "The fastest and most effective way now is for the government to invest in the market and stabilize the situation before the stock market is defeated by Soros and the others! That's it!
It’s like the Hong Kong government spending money to absorb the Hong Kong dollars that have been sold in the market and stabilize the exchange rate of the Hong Kong dollar.”
At this time, even those experts who already respected him as a "teacher" were shocked and opened their mouths, because they all knew that the stock market was different from currency. Currency was originally issued by the government, and it was understandable that the government was responsible for stabilizing it. However,
The most taboo thing about the stock market, especially the stock market under the capitalist system, is forced interference by the government. Even the government bailout in every financial crisis in the United States has to be passed through multi-level meetings. The most important thing is those behind the government.
Only after the big capitalists agreed did the U.S. government dare to take action.
As for Hong Kong, especially during the period shortly after the handover, if the government wants to intervene in the stock market to implement macro-control, there will definitely be a lot of unfavorable remarks in the international community, even the "one country, two systems, unchanged for fifty years" proposed by Deng Gong.
Principles can also be criticized.
In his previous life, Zhou Hao saw how much pressure the Hong Kong government at that time was struggling with. If he puts forward this point of view now, the pressure will immediately fall on him, especially if things go wrong in the end.
If so, even the people's saliva can drown Zhou Hao.
However, things have reached this point, and personal honor and disgrace are no longer within Zhou Hao's consideration. The most taboo thing for a man is to make constant mistakes.
His eyes immediately became sharp, and he scanned everyone's faces for a week, and then said: "In addition to this method, do you have any other better methods? If so, I will give my full support.
"
Everyone looked at each other because they really had no other better way to deal with it.
"But Xiaohao, if we really want to use this method, there will definitely be loud opposition from outside, especially Soros and his gang, who will never let go of this opportunity for downfall." Zeng Yingquan said worriedly.