Director Li, Deputy Director Zhuo, Li Jinghan and the subordinates they brought were in a very solemn mood.
They within the system know best that the stability of Hong Kong's economy is the most important issue at present. If Hong Kong's economy collapses or becomes chaotic soon after the handover, public opinion will be very unfavorable.
Helping Hong Kong stabilize its economy at all costs is not a slogan.
Deputy Director Zhuo said in a deep voice, "The Hong Kong government should send people to attend this meeting, and they should listen."
"The Hong Kong government is still singing and dancing, including many Hong Kong people, who believe that today's plummeting of the Hang Seng Index is temporary and just a Black Friday." Yu Yongan snorted, very dissatisfied.
Deputy Director Zhuo didn't know how to respond. They were all doing specific work and did not have the right to contact the Hong Kong government.
Yao Yuan waved his hand and said, "The Hong Kong government is determined and capable. They just don't think Soros dares to invade Hong Kong's financial market."
"Yes, the Hong Kong government has 100 billion US dollars in foreign exchange reserves. It is normal for the Hong Kong government not to think that Soros has such courage." Gao Jian said.
Deputy Director Zhuo asked hurriedly, "President Gao, how many are there in Thailand?"
"It's about 26 billion U.S. dollars, plus the 12 billion U.S. dollars supported by the Bank of Singapore, it's 38 billion U.S. dollars." Gao Jian said.
Deputy Director Zhuo and the other three people fully understood why Yao Yuan wanted to organize 15 billion U.S. dollars of funds, why Yao Yuan also needed the right to use 5 billion U.S. dollars of emergency funds, and why Yao Yuan and others were surprised after hearing the thousands of dollars they supported.
That's the look on his face when he has hundreds of millions of dollars in capital.
In this tens of billions of dollars of funding competition, a few hundred million dollars can’t even be seen as splashes.
Deputy Director Zhuo and others were somewhat arrogant before, especially the newly arrived elites. They considered themselves to be the elites within the system, and it was reasonable to look down on those in private enterprises.
Now, after listening to Pan Jie's in-depth introduction and learning that Dongfeng Group had prepared 20 billion US dollars in funds for this financial siege (plus the right to use spare foreign exchange), they realized that they were the frog in the well.
.
Yao Yuandao, "Hong Kong is the financial center of Asia. After the stock market crash in the 1970s, Hong Kong has experience in dealing with such crises. It has a very stable monetary system and is backed by hundreds of billions of dollars in foreign exchange reserves."
He smiled and said, "Ren Chi-fai of the Hong Kong Monetary Authority is a veteran. He has a nickname called Ren Yizhao."
At this time, Li Jinghan smiled and interjected, "I know his story."
Yao Yuan motioned to Li Jinghan to continue.
Li Jinghan nodded slightly in thanks. It would be good to have the opportunity to show off in front of the director of the central bank and the leaders of the foreign exchange management department. He said, "Raising interest rates and raising interest rates have been used by the Hong Kong Monetary Authority to deal with international speculators and have been effective. They are a way to crack down on the financial market."
The magic weapon for winning speculative activities, so Ren Zhihui got the nickname Ren Yizhao."
"President Li is right. Interest rates are rising and overnight interest rates are soaring. Speculators can only end up in a hurry, leaving half their lives behind." Yao Yuan said, "But the side effects of this move are very serious, and everyone knows it.
, High interest rates will definitely affect the stock market. To put it simply, if interest rates rise, the income from depositing money in the bank will increase, and investment in the stock market will naturally decrease. The higher the interest rates are, the more severe the damage will be to the stock market.
"
"In the past, Hong Kong gritted its teeth and drove away speculators to stabilize the exchange rate of the Hong Kong dollar, and then gradually restored interest rates, stabilized the stock market, or simply entered the market to support the market. Hong Kong has already had tens of billions of dollars in foreign exchange, and it is easy to deal with these.
.”
Having said this, Yao Yuan slowly became serious, "But this time Soros and others are coming with force, and the amount of funds is much larger than expected. It is impossible for Hong Kong to use all the US$100 billion in foreign exchange, otherwise Hong Kong's economy will collapse
The funds they can use do not exceed US$20 billion, which is about HK$150 billion."
After a pause, he said, "With such financial strength, it is no problem to hold on, but it is difficult to win."
Everyone was thinking.
Yao Yuandao, "Today's plunge is Soros' fire reconnaissance. I read the report and Hong Kong's response mechanism responded very quickly, and they did not get much benefit. I estimate that the market will return to calm next week, but this will be a storm."
The peace before.”
Having said this, Yao Yuan suddenly looked at Deputy Director Zhuo and said, "Director Zhuo, I have to use the reserved foreign exchange quota in advance."
"What? Use it in advance?" Deputy Director Zhuo asked in surprise.
Yao Yuan nodded, "Not only do I want to use it in advance, but I also hope that you can extend the repayment time for half a year. Our domestic money has been arranged for the second half of the year and the first half of next year."
Deputy Director Zhuo frowned and asked, "Is there something wrong with using the reserve funds before the fight has even started?"
"There are some new situations, and I plan to strengthen Russia's combat capabilities." Yao Yuan said.
Deputy Director Zhuo hesitated and said, "I have to ask the leader for instructions."
"Okay, I'll wait here." Yao Yuan said.
Deputy Director Zhuo realized that Yao Yuan was in a hurry, so he immediately said nothing and got up and went out to call for instructions.
There is another major event in the country, and that is the huge flood that will happen in half a year. He is already making preparations for it. Zhou Fei is in charge of this matter, which requires a lot of funds.
After waiting for more than ten minutes, Deputy Director Zhuo came back and said as soon as he sat down, "Mr. Yao, the superiors have agreed to your request. You can use it at any time. However, the leader hopes to focus on Hong Kong as long as Hong Kong is prosperous and stable."
"I promise." Yao Yuan breathed a sigh of relief and looked at Lin Wei beside him, who got up and went out.
Soros fights in multiple markets, and Russia is also an important battlefield. After obtaining relevant intelligence confirming that the US government was behind Soros' Quantum Fund, Yao Yuan discovered that he did not have enough funds to ambush in the Russian battlefield.
To achieve the goal of killing a wave of people unexpectedly and then leaving, the funds controlled by Lu Sen are enough, but to tear off a large piece of Soros' flesh and achieve the goal of causing him heavy losses, the funds there are far away.
Not enough anymore.
Of the 5 billion US dollars reserved, Yao Yuan plans to allocate 2 billion US dollars to the Russian battlefield, and the remaining 3 billion US dollars to the Korean battlefield.
The situation has changed, especially after the Neptune incident, which made Yao Yuan vaguely feel that the general context of the matter had also changed. Under this situation, Yao Yuan's advanced consciousness was not very effective.
In fact, he has discovered that now he no longer has to rely solely on advanced memory to do things. With his current energy, it is impossible to beat Soros to the ground, but he can still knock out a few of his front teeth.