For most Hong Kong people, the same night is not much different from last night and most nights before.
But for stock investors, this is destined to be a difficult night.
The time reached 11:40 in the middle of the night, and it would be a new day in twenty minutes. Li Jinghan suddenly called.
Yao Yuan pointed to the satellite phone and said, "It's Li Jinghan's phone number."
"President of Bank of China Hong Kong Branch, I'm afraid there's something serious if he calls at this time." Lin Wei subconsciously looked at the time.
"Maybe the SAR government will take action." Yao Yuan said with a smile, "I hope it's good news."
It is crucial that the SAR government steps in to support the market or not.
Hong Kong has hundreds of billions of dollars in foreign exchange reserves. If this money enters the two markets, most of Soros's offensive will be neutralized.
But Soros is not in vain. According to the information sent by Shirley He, the funds Soros can use have exceeded 50 billion US dollars.
This is only the funds that Soros can use. If followed by international speculators and a large amount of hot money, tomorrow's offensive will be devastating to Hong Kong.
It has exceeded the history in Yao Yuan's memory.
The changes here are closely related to the emergence of Yao Yuan. His force is the absolute main force. For example, in the previous life, no one except Soros attacked the Hong Kong dollar exchange rate. The offensive and defensive battle in the previous life
It lasted for a whole year, intermittently, and the final battle lasted for eight trading days.
The longer the time goes and the more blood Hong Kong loses, the more breathing time Soros will be able to get, and the harder it will be for them to be defeated.
Throughout the history of human wars, no war of annihilation has ever occurred in a protracted battle. They were all sudden battles of very short duration. Financial markets have their own particularities, and this is especially true.
This is also the reason why Yao Yuan took the initiative to attack the Hong Kong dollar exchange rate without hesitation, because only by doing so can Soros invest all his funds in the shortest time, and then have the basic conditions to encircle Soros.
After connecting the phone, Yao Yuan turned up the volume to the maximum and placed the satellite phone on the coffee table.
Li Jinghan's voice was low and slightly excited, "Mr. Yao, I am Li Jinghan. Five minutes ago, my predecessor Zhigang called me and invited Feng Zhijian and I to attend the breakfast meeting of the Hong Kong Monetary Authority."
After a pause, Li Jinghan said, "They may be entering the market."
The question of whether the SAR government should intervene or not is right in front of us. It is the first question that comes to everyone's mind when it comes to the stock market.
Hong Kong is not Thailand, and the current Hong Kong is not the Hong Kong of the past. Everyone will first think that even if the SAR government’s foreign exchange reserves of hundreds of billions of dollars have been exhausted, there is still the central government behind it!
Soros's biggest source of confidence is that he believes that the SAR government will not interfere in the market, because the government's non-interference in the market is the fundamental principle of a free economy, and a free economy is the foundation of Hong Kong. Secondly, Soros concludes that the central government will not take a stand.
The reasons for supporting Hong Kong are very complicated. One of the important reasons is that China's foreign exchange reserves are simply not enough.
Although it has exceeded 100 billion, the whole world knows that China is a big country, an ancient country with a vast territory that has been weak for a long time and is now eager to integrate with the world. In other words, there are too many places to spend money.
Moreover, Beijing must consider the "international impact."
This is the main reason why Soros dared to list Hong Kong as a key target. It can even be said that his previous series of operations in Southeast Asia were just a warm-up. The entire Southeast Asia region combined is not as big as Hong Kong.
Yao Yuan thought for a moment and said, "BOCI Securities is one of the top securities firms in Hong Kong. Their purpose of calling you and Feng Zhijian over at this time is obvious."
"Yes, Feng Zhijian and I have the same judgment. The SAR government is definitely going to enter the market. The question now is, do we need to disclose our actions to the SAR government?" Li Jinghan said solemnly.
This was the second purpose of his call. The first was to inform Yao Yuan of the situation, and the second was to ask Yao Yuan for instructions.
This is a request for instructions, because the frontline commander of the Dongfeng Team and the National Team is Yao Yuan. Li Jinghan, Deputy Director Zhuo, and Director Lin must take orders from Yao Yuan. This was determined by the Shenzhen City Meeting.
Yao Yuan thought for a while and said, "You can tell them, especially the reason why the Dongfeng Team took the initiative to attack the Hong Kong dollar exchange rate, but you must pay attention to keeping it confidential. This is what I personally think about. Except for Mr. Dong and the Financial Secretary Mr. Tsang, no one else
So others can know."
Li Jinghan immediately understood.
He has been in Hong Kong for more than ten years and knows the situation in Hong Kong very well. The return is a return, but there are too many people in the elite who are yellow-skinned and white-hearted. If the scope of knowledge is not controlled, after the meeting here, we will have to
In less than an hour, I'm afraid the news will get out.
"Mr. Yao, I understand. I will keep you informed of the latest situation." Li Jinghan said.
Yao Yuandao said, "BOCI Securities has thirty seats on the Hong Kong Stock Exchange. I have to remind you that you must keep at least half of the seats for your own use."
"Understood, I have already informed Feng Zhijian." Li Jinghan said.
Yao Yuan had nothing to worry about and hung up the phone.
Lin Wei asked, "What do you think is the probability of the SAR government entering the market?"
"One hundred percent." Yao Yuan said.
"So sure?" Lin Wei didn't quite believe it.
Yao Yuan said in a deep voice, "This is not a simple economic crisis. The SAR government has to look at the face of the capital, right? Think about it, this kind of thing happened just after the return. If it is not handled well, what will it mean for Hong Kong to become the second Thailand?
, what impact will it have? You won’t be able to figure out these issues.”
Lin Wei nodded slowly, "Looking at it this way, the SAR government can't do anything without entering the market. There seems to be no second answer to this question. However, there are many opinions in the academic community, and there are many objections, which are very strong. The president of Morgan Stanley Hong Kong published a signed article and made it public
Oppose the SAR government’s entry into the market.”
"We have no hope when it comes to public opinion. I regret it now. I should have purchased several TV stations and newspapers at that time, so that we wouldn't have no mouthpieces to use now." Yao Yuan sighed.
Lin Wei shook his head and said, "Who could have imagined that today, our focus would be on industry and the tertiary industry would rarely be involved. The entertainment group was started because of your personal interests."
"Yes, I regret it now." Yao Yuan said.
Including the signed article by Morgan Stanley's Hong Kong CEO and the comments of academic experts and scholars, they are all Western strategies, and their purpose is to cut off the leeks of the Hong Kong people. After the rapid development of the 1970s and 1980s, Hong Kong's wealth has soared. In the eyes of Westerners,
In my eyes, this looks like a mature leek.
After chatting for a while, Yao Yuan returned to the villa to rest with Lin Shuting, while Lin Wei and Lin Xiaohu went out to find a place to drink and spend the night.
When the time came to 8 o'clock in the morning, Li Jinghan and Feng Zhijian rushed to the Hong Kong Monetary Authority and found that in addition to important officials from the Hong Kong Monetary Authority, the people present at the meeting were also the CEOs of Hesheng, Yinda, and Duoli Securities.
These three are all securities firms whose strength is not inferior to that of BOC International Securities.
After sitting down, Ren Zhigang, whose eyes were bloodshot, said nothing and even turned a blind eye to the breakfast in front of him.
He went straight to the point and said, "I'm going to enter the market later, will you do it?"
There is no negative answer to this question.
What better customer than the government?
A super-large customer like the government is a high-quality customer among high-quality customers. Who would refuse?
"Do it!" The brokers agreed without hesitation.
In just thirty minutes, the breakfast meeting was over, and everyone hurried back to prepare. The opening time of the Hong Kong stock market is from 9:30 to 12:00 from Monday to Friday, and in the afternoon from 13:00 to 16:00.
In other words, the brokers only have one hour to prepare.
There are reasons why the Hong Kong Monetary Authority arranges the time like this. The most important one is confidentiality. If the time is stuck, even if the news is leaked, it will not have much impact.
Li Jinghan and Feng Zhijian did not leave, but started eating breakfast. The breakfast of others was intact.
Ren Zhigang felt strange. He respected Li Jinghan very much, because the status of Bank of China was very special. Li Jinghan was not only the president, he was also a senior member of the mainland civil servants.
Seeing Li Jinghan and Feng Zhijian eating breakfast easily, he said, "Li Sheng, do you have any other opinions?"
Li Jinghan shook his head slightly, pointed at the breakfast, and said, "People are like iron rice and steel. It's not too late to talk after eating. Mr. Ren, you can also eat some. It won't make any difference."
Ren Zhigang looked at Li Jinghan doubtfully, not knowing what kind of medicine he was selling in the gourd. He hesitated for a moment and started to take it.
Last night, he held a meeting with Dong Sheng and Zeng Sheng for several hours. The three-person meeting turned into a meeting of seven or eight people. Finally, a consensus was reached at three o'clock in the morning. He only slept for more than three hours before crawling.
Got up and got ready, and now it’s time for the breakfast meeting.
If you don't eat, you won't feel hungry. When you start eating, you will realize that your stomach is empty.
After finishing his meal, Li Jinghan said straight to the point, "Mr. Ren, I want to inform you of an important situation."
Then he went through the joint action between the Dongfeng Team and the national team from beginning to end, focusing on the Dongfeng Team's plan to proactively attack the Hong Kong dollar exchange rate.
Ren Zhigang finished listening in shock. He controlled his emotions and asked, "Will the central government support Hong Kong?"
"There is no doubt that the relevant departments started preparations as early as three months ago. Mr. Yao provided important information. To be precise, we were ready from the day Thailand abandoned the baht exchange rate." Li Jinghan said seriously.
said the voice.
"Okay, okay, great, great!" Ren Zhigang suddenly felt his eyes heat up. Maybe this is the feeling of being at home, having a backer, and someone to take the lead!
Li Jinghan said, "Now that the SAR government has decided to enter the market, Mr. Yao hopes to reach a tacit understanding of coordinated operations, and we have a complete plan here. Mr. Yao's purpose is not to block international speculators such as Soros, but to keep them all in Hong Kong.
Let them not dare to make trouble in Hong Kong from now on."
"Li Sheng, can I meet Mr. Yao?" Ren Zhigang's attitude was very low. He had never met Yao Yuan, but now he knew that Yao Yuan was the frontline commander and was responsible for commanding the Dongfeng team and the national team.
In fact, Ren Zhigang doesn’t know which companies the Spring Breeze Team is made up of.
Li Jinghan didn't even know that Yao Yuan arranged the undercover team of Gao Jian and Yu Yongan.
Li Jinghan took out the satellite phone and said, "Let me ask Mr. Yao for advice. Mr. Yao is a young talent and very capable."
"Mr. Yao is very young and has a very thorough understanding of finance. Huaxia United Bank and Yongan Group are his properties." Feng Zhijian added, reminding his old friends not to show some undue contempt when they see young people.
.
Ren Zhigang was shocked, "Hua Xia United Bank? That bank whose assets have increased more than ten times in recent years."
"Well, Mr. Yao holds 100% of the shares. The headquarter group is called Chunfeng Group, which is an asset management company registered in Nangang." Feng Zhijian said.
Ren Zhigang was simply amazed.
He is the director of the Hong Kong Monetary Authority, and of course he has had much contact with Gao Jian. He always believed that Gao Jian was one of the shareholders, and that Hua Xia United Bank was backed by a Southeast Asian Chinese consortium. Unexpectedly, it was capital from the mainland.
His first reaction was that Mr. Yao had an official status, because he had never thought that there would be such a big private entrepreneur in the mainland.
Without further ado, after getting Yao Yuan's consent, Li Jinghan and Feng Zhijian immediately took Ren Zhigang to the headquarters building of Hua Xia United Bank, accompanied by Ren Zhigang's assistant and secretary and several department officials.
This posture is very clear, it is to discuss a coordinated combat strategy.
They arrived at Hua Xia United Bank and waited until 9:15 before Yao Yuan arrived belatedly. Last night, he and Teacher Lin Shuting did too much exercise. Yao Yuan got up relatively late, and the big villa was a bit far away from Central, so he hurried and took his time.
Finally got there before the market opened.
This gave Yao Yuan the idea of buying a helicopter for commuting within the city. With a helicopter, it would never take more than 20 minutes to go anywhere in Hong Kong.
Time was running out, and both parties tacitly agreed not to spend too much time chatting.
In fact, after Ren Zhigang saw the trading center hall of the Securities Department of Hua Xia United Bank, he knew that Hong Kong would definitely win this battle. Soros's every move is under the supervision of here, and the people invested in the market here are
Funding currently exceeds US$3 billion, which is approximately HK$25 billion.
Besides the government, who else has this kind of strength?
Yao Yuan didn't waste any time. Facing the HKMA and other important officials, he directly issued the order, "BoC International Securities will free up ten trading terminals to help the government do business, and fifteen terminals to connect the Dongfeng team and the national team."
"Start buying seven stocks of HSBC, Sun Hung Kai Properties, Hong Kong Base Properties, Hui's Holdings, Bank of East Asia, New World Development, and Kwai Chung Port at 9:40. Buy as much as you want, buy at all costs."
Ren Zhigang immediately raised objections and said, "Yao Sheng, seven stocks are too many for us to support. Also, only four of the seven stocks you mentioned are blue chip stocks, and the other three will not be of great help to the Hang Seng Index."
This is correct. If the blue-chip stocks of the Hang Seng Index rise, the Hang Seng Index will rise. This is an iron rule. However, the Xu shares mentioned by Yao Yuan, Kwai Chung Port and Bank of East Asia are not blue-chip stocks in the Hang Seng Index. Bank of East Asia is not bad, but
The bank's current scale is still relatively small, and Kwai Chung Port was only developed two years ago and is still not qualified.
Yao Yuan said, "The SAR government is going all out to buy blue chip stocks and leave the rest to us."
Ren Zhigang had no objection and nodded.
Here, Feng Zhijian immediately called his vice president and handed over the task to help the government buy four blue chip stocks and help Dongfeng Team buy three other stocks.
It should be noted that the Dongfeng Team has its own trading terminal. The terminals in the trading center hall of the Securities Department of Hua Xia United Bank correspond to the seats owned by the exchange. There are not many, that is, seven terminals, but they are enough.
.
The Dongfeng team has more seats in several major foreign stock markets, and Yao Yuan will obviously not let go of the opportunity to make a fortune in the three major financial markets of New York, London, and Tokyo.