Chapter 882 Yao Yuan Attacks the Hong Kong Dollar Exchange Rate
Soros would never doubt Li Bancheng's business agent in Hong Kong, and Soros even knew that Li Bancheng ate and drank Hong Kong people, and the Chinese people were even more ruthless than him.
Let this guy act as a barrier and firewall between himself and Soros. I don't know if this guy is qualified.
If exposed, a frontal attack plan will have to be adopted.
I hope that old boy Li Bancheng can show more commitment and not arouse Soros's suspicion. It is best to form an alliance with Soros...
Nothing defeats an opponent more than internal division.
The question is, will Li Bancheng agree to cooperate with Yao Yuan?
Of course he wouldn't. Ever since Yao Yuan ruined his investment plan in England, he and Yao Yuan have basically become mortal enemies.
However, don't forget the nature of businessmen, and don't underestimate the bottom line of businessmen like Li Bancheng who have no country but only interests in their hearts.
There is no certainty in sending others to Yao Yuan, but if Gao Jian is sent, there is at least half certainty, which is already very high.
Coupled with Yu Yongan, that's at least 70% sure.
The question comes again. Yu Yongan and Li Bancheng have been fighting for so long. Everyone in Hong Kong knows that they are mortal enemies. Will Li Bancheng listen to him?
It would be polite not to kick him out.
However, on the contrary, Li Bancheng would not only talk to Yu Yongan, but also basically believe what Yu Yongan said. If you don't believe the words of people close to you, you would believe 80% of what your opponents say. This is the human heart of people like Li Bancheng.
Especially when there is a common interest, and this interest is very large.
What Gao Jian and Yu Yongan have to do is to make Li Bancheng believe that if they cannot cooperate with Li Bancheng, they may only earn 10 Hong Kong dollars instead of 100 Hong Kong dollars.
Because Li Bancheng would also think that Yu Yongan is such an awesome person. After his rise in recent years, no one likes him. He is known as the Hong Kong stock god. He will destroy anyone who messes with him. No one is convinced, even himself, the richest man in Hong Kong.
If you are not convinced, you would like to throw yourself and Cheung Kong Holdings into hell.
Li Bancheng has been up and down for most of his life and has a good mentality, but Yu Yongan is not.
Then he would think that someone as rebellious as Yu Yongan would take the initiative to come over and ask for cooperation in a low voice, and together with Gao Jian, the CEO of Hua Xia United Bank, who always takes action when he sees it right, if they had not seen huge benefits, they would
Are you being so arrogant and silent about yourself?
Furthermore, in Li Bancheng's view, there are no permanent friends or permanent enemies in business, only permanent interests.
Yao Yuan even suspected that Li Bancheng had long wanted to follow the trend and harvest the hard-earned money of the Hong Kong people, but he just lacked a suitable entry point. After all, he had to take into account the impact. If Cheung Kong Holdings or the companies under his control killed
If you go in, the spit of Hong Kong people will drown you, and you will not be able to do business in the future. Therefore, the personality of a businessman who loves Hong Kong is very important.
Li Bancheng never said that he was a patriotic businessman, and the government never defined him as such. The most famous patriotic businessman family in Hong Kong that has been officially defined is the Huo family.
Therefore, Gao Jian and Yu Yongan went to talk to him. Yu Yongan was willing to use his own name to organize funds to enter the market. Behind the scenes, Li Bancheng and Soros communicated and reached a tacit understanding. How could Li Bancheng not agree?
It was Yu Yongan who was scolded, and he could get away with it by hiding behind his back.
What Yao Yuan wants is Li Bancheng's trust in Soros and push Li Bancheng ahead of Soros, while what Li Bancheng wants is an agent who can stand in front of the stage and face six million Hong Kong people.
Yu Yongan is the "scapegoat". However, Comrade Yu is very happy to be this "scapegoat" and is gearing up because he knows that after this battle, Li Bancheng and his Changshi Holdings will probably become history, and in the future
In the eyes of Hong Kong people, he is the gravedigger of the Li family, the hero who saved the people of Hong Kong from fire and water!
Momentary grievances are nothing, and his image in the stock market is not very positive anyway. Those who make profits regard him as an unparalleled hero who encounters difficulties in the stock market, while those who fail regard him as an unscrupulous and inhumane devil.
Who can say clearly?
Yao Yuan is very confident about dragging Li Bancheng in and pushing him in front of Soros to protect himself. It is the nature of businessmen to pursue profits. The difference between Chinese businessmen is that they basically have a sense of family and country. Only when there is a country, there is a family, so there is a war of resistance.
During the period of liberation, Chinese businessmen at home and abroad donated money to fight the war and fight the reactionaries. During the period of resisting U.S. aggression and aiding Korea, all walks of life actively raised funds and donated money to support the front line.
Let’s look at other countries, are there any?
The Chinese nation is different and unique, as the saying goes: We Chinese nation have been eating and drinking for five thousand years, and you actually eat with Americans who only have a history of more than two hundred years. What the hell are you eating!
They didn't even understand that vegetables would not be boiled again, and they didn't know how to invent tableware. They just took out the kitchen utensils (knives and forks are kitchen utensils) and used them.
Li Bancheng was born in mainland China, but he has obviously been completely Westernized.
As long as there are enough benefits, no matter how big the enemy is in his eyes, he will sit down and discuss cooperation.
Gao Jian went to talk to Li Bancheng before meeting up with Yu Yongan, while Yao Yuan began to prepare in the exchange rate market.
He has hoarded a large amount of Hong Kong dollars and has the most ammunition.
Time has arrived on the 27th. After two rest days, the first trading day of the new week has arrived.
Two days ago, just as Yao Yuan expected, Li Bancheng agreed to cooperate. Yu Yongan stood in front of the stage and faced the Hong Kong people, while Li Bancheng secretly colluded with Soros. However, neither party used existing companies, but launched a number of new companies.
and overseas companies.
This time it was in the Hong Kong foreign exchange market.
At 8:45 in the morning, Yao Yuan arrived at the trading center hall of the Securities Department of Hua Xia United Bank's headquarters building. Deputy Director Zhuo and Director Lin also came.
They walked to Yao Yuan's side, and Deputy Director Zhuo said regretfully, "Xiao Yao, our superiors have instructed us to avoid unnecessary operations as much as possible. We should focus on business."
Yao Yuan had expected this result. Politics was above all else, and a mere profit of a few hundred million dollars was really nothing.
On the contrary, he admired the superiors for standing firm on this point. After all, the national team is the national team and needs to pay attention to the impact.
Nodding, Yao Yuan said, "I am preparing the next strong medicine to attack the Hong Kong dollar exchange rate together with Soros."
Lin Wei had been entrusted to explain the situation to them before.
Director Lam said, "It is a good tactic to lure the enemy deep into the territory. Although the pressure on Hong Kong will be great in a short period of time, it can shorten the entire war. In the long run, the advantages outweigh the disadvantages."
"After Soros believes that you are an ally, will he still hesitate?" Deputy Director Zhuo is an old political worker, and this kind of battle of wits and courage is his specialty.
Yao Yuan said, "There is this possibility. It is not easy to make him feel confident to hit with all his strength, but I have made arrangements, and it seems that the problem is not big now."
He did not tell anything about Li Bancheng. After all, in the eyes of Deputy Director Zhuo and others, this Hong Kong businessman who invested heavily in the mainland was quite important.
When the time reached 9 o'clock, the two markets opened.
International speculators, who had been holding back for two days, couldn't wait a second and started selling Hong Kong dollars crazily. Last Friday, in order to save the Hang Seng Index, the Hong Kong Monetary Authority lowered interest rates, and international speculators were fully prepared.
Joey Chen began to frequently report on the latest response from the Hong Kong Monetary Authority. There were many sources of intelligence, and Joey Chen would receive it whenever there was any action.
Yao Yuan's head was spinning at high speed, analyzing all the information and calculating the best time to take action. Today, he was holding a satellite phone in his hand.
The undercover team led by Gao Jian and Yu Yongan are with the people of Changshi Holdings at this moment, waiting for instructions from Yao Yuan.
Soros takes action.
80 billion Hong Kong dollars were sold in 30 minutes!
The Hong Kong dollar exchange rate is crumbling instantly!
This time, Yam Chi-gang did not immediately use his trick, but quickly entered the market to buy Hong Kong dollars, trying his best to maintain the Hong Kong dollar.
But Yao Yuan knows that Ren Zhigang cannot stand it, and he will definitely announce another increase in interest rates and increase interest rates.
The Dongfeng team is all ready, and the Bank of China team led by Feng Zhijian is also ready, and they are all looking towards Yao Yuan.
"Wait a moment." Yao Yuan said calmly, confident and under control.
Hundreds of people were waiting quietly, with only the sound of typing on keyboards from time to time, and not even many phone calls. This was the silence before the start of the event.
Another 20 billion Hong Kong dollars were sold, and in less than an hour, hundreds of billions of Hong Kong dollars were sold. This range far exceeded a week ago. If this range continues until the market closes, the Hong Kong dollar will be turned into useless paper.
The market began to panic, and more and more people followed suit and sold Hong Kong dollars.
Whether it is the foreign exchange market or the securities market, market confidence is very important.
Confidence comes from strength.
If the United States did not have the most powerful military force in the world, would the U.S. dollar still be so strong, and would it still be the world's currency?
I'm afraid it's possible for 50 states to become 50 independent countries.
At this moment, Joey Chan answered a phone call and reported quickly, "Mr. Yao, the latest news is that the financial treasury needs to withdraw a large amount of Hong Kong dollars!"
Yao Yuan was stunned for a moment and subconsciously looked at the time, "Today is October 27th..."
This situation appears very subtle.
"What do you mean?" Deputy Director Zhuo asked confused after noticing the change in Yao Yuan's expression.
Director Lam said, "If the HKMA wants to exchange US dollars for Hong Kong dollars, then the settlement balance of the banking system will not drop or drop too much, and there will be no way to raise interest rates."
This is banking business, and Director Lin is naturally familiar with it.
"Is the SAR government prepared?" Deputy Director Zhuo couldn't tell whether he was happy or unhappy.
If the SAR government had been prepared in advance, it would be gratifying. It shows that they have a strong sense of crisis and have a response plan. However, in this case, Yao Yuan's plan to lure the enemy deeper is in danger of bankruptcy.
So many Hong Kong dollars have been sold, but it has no impact on the stock market. It will be difficult for Soros to make his next move, and there is no way to lure the enemy deeper.
Yao Yuan quickly recalled the intelligence collected by He Shirley in the United States, and quickly came to a conclusion. He shook his head slightly and said, "Maybe it's a coincidence, but it's not a bad thing."
"How do you say this?" Deputy Director Zhuo was confused.
Yao Yuan smiled and said, "Soros found out that the SAR government is so tough. He will invest more funds. After preparing for such a long time, he will not give up easily. Besides, he has found the Achilles heel of any move.
I will never let it go."
Not long after, Joey Chan got the latest news again. She said, "The Hong Kong Monetary Authority has sold U.S. dollars in exchange for Hong Kong dollars."
Yao Yuan simply crossed his arms and said, "There is no high interest rate. Let's see Soros's reaction."
In the stock market, the decline of the Hang Seng Index almost stopped immediately, and the reaction was very fast. However, people with insight have already seen that the situation faced by the Hang Seng Index is domestic and foreign troubles, the domestic economy continues to decline, and the real estate bubble
There are other problems such as Soros and other Wall Street tycoons making trouble outside, and there is almost no momentum for stabilization and recovery.
Not long after, the financial program on the TV hanging on the side wall suddenly started showing news.
"...China's currency is under great pressure to depreciate..."
"The exchange rate of the Hong Kong dollar against the U.S. dollar shows signs of being precarious, and decoupling seems to be a foregone conclusion..."
Several TV stations are broadcasting similar news.
"Public opinion attack." Yao Yuan nodded slightly, "This Soros has his own tricks. They are well prepared and will use one trick after another. The stock market may not be able to hold on. Even without high interest rates, the decline of the Hang Seng Index has formed a trend."
The market's reaction was really fast, and the Hang Seng Index started to fall all the way. The rumor concocted by Soros chose to come out at this time, and the timing was very accurate.
In fact, it was a very good choice to attack when the market opened on Monday. After the fermentation on Saturday and Sunday, the market generally has little confidence in whether the Hong Kong dollar can maintain the linked exchange rate system.
All of Southeast Asia is in ruins, and even Singapore has been affected.
The most critical thing is Taiwan's surrender.
Taiwan's GDP last year was US$300 billion, twice that of Hong Kong, and its foreign exchange reserves were higher than Hong Kong's, about US$120 billion.
Taiwan, which has stronger overall strength, has given up on the stability of the New Taiwan dollar exchange rate under Soros's crazy attack. Can Hong Kong stop it?
Taiwan's surrender has dealt a very serious blow to the confidence of Hong Kong people.
In more than an hour, the Hang Seng Index fell 212 points, and there is still more than an hour before the market closes in the morning...
At this time, the satellite phone in Yao Yuan's hand rang.
Yao Yuan walked aside to answer the call. It was Gao Jian.
Gao Jian said, "Mr. Yao, Li Bancheng urged him. He was afraid of long nights and dreams, so he planned to make a few moves before withdrawing."
This means that the Hong Kong Monetary Authority must be forced to raise interest rates so that the Hang Seng Index can fall off a cliff and profit from futures contracts.
Yu Yong'an took the phone and said, "Ayuan, let's do it. It's often a short pain rather than a short-term pain. I got to know them within a week."
Yao Yuan thought for a while and said, "Wait a few minutes."
After saying that, he hung up the phone and walked straight to Deputy Director Zhuo and Director Lin. At this time, Li Jinghan also walked over from the national team.
Yao Yuan said, "Three leaders, I am going to force the SAR government to take action today. The three of you are witnesses to today's situation. Please be your witnesses."
He pointed to the north.
Obviously, Yao Yuan doesn't care what the SAR government thinks. What he wants to consider is the capital.
Li Jinghan said solemnly, "If the SAR government does not take action to rescue the market... they have always pursued a non-intervention policy. Even if they intend to take action, the resistance will be very strong. The situation in Hong Kong and the mainland is different..."
His worries are not unnecessary. In fact, there is not only resistance, but very strong resistance, and it will be accompanied by various criticisms and public attacks.
In fact, in the previous life, the SAR government won miserably in a deadly battle with Soros and other Wall Street giants. It cannot even be said to have won. Of course, if the purpose was to preserve the Hong Kong dollar's linked exchange rate system, it would naturally have won.