The blue-chip stocks in the Hang Seng Index include Cathay Pacific Airways, China Gas, Swire Pacific and several other stocks. The reason why these stocks are not highlighted is simply because their influence is not as powerful as the few stocks pointed out by Yao Yuan, and they are second-tier blue-chip stocks.
Yao Yuan's goal is very clear, and he even has no intention of concealing it. One of the purposes of Dongfeng Team's focus on supporting several other stocks is to take advantage of this opportunity to obtain controlling rights.
There is also Changshi Holdings. Because Gao Jian and Yu Yongan have not revealed their true identities yet, Yao Yuan’s actions against Changshi Holdings have not been announced now.
At 9:30, Hong Kong stocks open.
The screen suddenly turned red, blood flowed into a river, and the price plummeted 7% at the opening!
Although everyone has been mentally prepared, such a plummeting rate still makes everyone short of breath and nervous.
Ren Zhigang and other important officials from the Hong Kong Monetary Authority do not plan to go to the exchange. The equipment in the trading center hall of the Securities Department of Hua Xia United Bank is connected to the exchange. The equipment and environment are more advanced than there, and the environment is more comfortable.
Here you can see the real-time picture of the exchange.
At the same time, you can also see the real-time picture of the futures exchange.
At this time, the Hong Kong Futures Exchange was actually a big, simple room. Even the roof had not been installed yet, and the pipes were exposed in various directions. It is hard to imagine that tens of millions or even hundreds of millions of dollars of money came in and out here every day.
.
Currently, the trading method of futures exchanges is still in the open bidding stage. Traders gather together and shout loudly, and a group of people gather around and gesture and shout non-stop. It is a real chaos of demons.
There is a saying that if you want to be a trader on a futures exchange, you must have a good voice.
Open outcry trading is divided into two steps. First, the market representative calls out the buying or selling price in the circle, looks for the counterparty, and after the transaction is completed, quotes the price to the quotation staff, then fills in the form and stamps the time stamp to confirm it.
Yao Yuan first focused on the futures exchange, because in order to support the Hang Seng Index, it was not enough to just buy shares of blue chip stocks. The exchange rate of the Hong Kong dollar must be raised.
Feng Zhijian came over and said in a deep voice, "Mr. Yao, our out-of-market representative is ready. His name is Ye Qiyuan. According to your instructions, he is a newcomer with certain experience."
"Is that the young man standing in the center of the trading circle?" Yao Yuan pointed to the big screen.
Feng Zhijian looked at it and said, "Yes, we arranged a few people on the periphery to use man-to-man tactics to keep an eye on the market exit representatives of foreign sellers. Once they open a sell order, they will immediately take over. Look, those eight companies
Foreign banks are the main brokers of Soros and others' hedge funds, and the eight market representatives are nicknamed the Eight Crocodiles by financial news."
The dissemination of information in Hong Kong is really fast. When this war of the century started, all the media in Hong Kong were paying close attention to the reports. They were rolling special topics, and a piece of information could be spread throughout Hong Kong within a few minutes.
Yao Yuan smiled and said, "Then let's kill the crocodile and try its taste. Go and tell Li Jinghan and ask him and Ren Zhigang to keep an eye on Hong Kong stocks. I'll be there soon."
"Okay." Feng Zhijian went immediately, walking a little unsteadily because of excitement.
Ye Qiyuan stood in the center of the trading circle and felt uneasy. Before this, another senior market representative was doing this job. He was a seller. Today, he was going to change his strategy. From a seller to a buyer, the market representative also became a buyer.
Got him.
Several hedge fund exit representatives looked at Ye Qiyuan with doubtful eyes, wondering what BOCI Securities, which had always represented the selling family, was going to do today.
Trading officially begins.
The exit representatives of the hedge funds immediately began to bombard the Hong Kong dollar exchange rate. The harder they hit, the worse the Hong Kong stock market fell. The more the Hang Seng Index fell, the more profits they could make in the futures market.
This is a closed loop, a knot that the SAR government cannot untie.
As mentioned before, the premise is that the government does not interfere with the market.
Once the government fully enters the market, or there is a huge amount of funds to fully support the market, this closed loop will be full of weaknesses that can be exploited by the defender.
It is a decisive battle at the beginning of the war, and the war will be fought on all fronts. This is the determined strategy. In one battle, the financial crisis will end here in Hong Kong.
The exit representatives of the hedge funds were waiting for a repeat of yesterday. However, just a few seconds after they opened the sell order, Ye Qiyuan, who was firmly standing in the center of the trading circle, suddenly shouted and quickly bought all the sell orders!
Suddenly the whole place was in an uproar!
Ye Qiyuan was originally standing in the center of the trading circle. Now he immediately became the center of attention. A hedge fund representative loudly questioned Ye Qiyuan. Before today, we were all in the same camp, attacking the Hong Kong dollar exchange rate and shorting the Hang Seng Index.
, and the power and financial strength represented by BOCI Securities is very large, and the full picture has not been seen so far, which puts the hedge fund’s delisting representatives under tremendous pressure.
But Ye Qiyuan turned a deaf ear to these. He focused all his attention on the selling order. As long as someone asked to sell the Hang Seng Index futures selling contract, he immediately bought it without any hesitation.
In just ten minutes, Ye Qiyuan's face turned red and he was sweating profusely. This was due to high mental stress.
He has bought more than 3,000 Hang Seng Index futures sell contracts.
At this time, the representatives of the hedge funds coming out of the market came to their senses. If this continues, the Hang Seng Index futures will be reversed by many companies. This happened suddenly. No one knows how many predetermined buying orders Ye Qiyuan has in his hand.
After more than ten minutes, the hedge fund representatives quickly came up with countermeasures.
During the brief confrontation, the hedge fund market representatives noticed that Ye Qiyuan was the only buyer in the center of the trading circle. Because transactions must be opened and received in the trading pit, traders did not have mobile phones on them and had to go outside the venue to make calls.
Telephone. If you leave the trading floor, it will be difficult to close the deal.
The hedge fund's countermeasure was very simple - it suddenly sold more than 5,000 futures index futures contracts at lightning speed!
Taking all these contracts requires at least HK$2.2 billion.
Davis, the chief trader of the hedge fund, believes that this will force Ye Qiyuan to step out of the market and call for instructions. Once Ye Qiyuan leaves the market, their traders will surround the trading circle and prevent Ye Qiyuan from returning to the market.
Ye Qiyuan can only bid on the outside, but the sellers on the market can ignore it.
It has to be said that Davis' move worked.
When Ye Qiyuan saw his opponent suddenly throw out such a large number of selling orders, he was a little panicked. He hesitated, walked out of the field, and trotted to the phone over there to call Feng Zhijian for instructions.
The entire process was completely visible to the personnel in the trading center hall of the Securities Department of Hua Xia United Bank.
Feng Zhijian didn't understand why Yao Yuan chose Ye Qiyuan as the chief representative and main trader. Look, something went wrong.
If you are a senior and experienced trader, you will never leave the excellent position in the center of the trading circle, because the current situation itself is that you are outnumbered. In this primitive trading method, the position where the trader stands is
, the trader's physical strength and physique, and other original conditions are very important.
It's really similar to fighting, except you don't attack the opponent's body.
Feng Zhijian looked at Yao Yuan, and Yao Yuan said, "Let Ye Qiyuan let go of the pick. The Hang Seng Index is now at 7600 points. If it opens at 7700 points, all picks will be taken!"
Yao Yuan's intention is obvious. He does not consider profit or loss now. His purpose is to support the Hang Seng Index futures with all his strength, so that all sellers who short the Hang Seng Index futures will die in this financial war that is destined to be bloody.
Ye Qiyuan called, and Feng Zhijian immediately gave the latest instructions, but Ye Qiyuan said anxiously, "The ghost guy has surrounded the trading circle, and I can't get in! Mr. Feng! What should I do?"
Feng Zhijian looked at Yao Yuan and said, "You just bid 7700 points on the outside, forcing the sellers to go out of the market to trade with you. In addition, I will give you 100 points of decision-making power. You can decide according to the situation. There is no need to worry about it."
Ask for instructions."
Ye Qiyuan was stunned. 100 points of decision-making power meant a profit and loss of HK$5,000, and 1,000 contracts meant a profit and loss of HK$5 million. He knew very well that the Dongfeng Team represented by BOCI Securities would not make orders of less than a thousand.
The whole place is full of sell orders. As far as the current situation is concerned, if he doesn't take the order, no other brokerage will take it.
Feng Zhijian hung up the phone.
Ye Qiyuan put down the microphone and looked back. The trading platform was surrounded. No matter how he bid on the outside, the hedge fund market representatives would not pay attention to him. They were here to defeat the Hong Kong dollar exchange rate and the Hang Seng Index.
, will not care about temporary gains and losses.
He weighed it over and over again and decided to go all the way. He walked to the trading circle and couldn't get in. The hedge fund representatives stared at Ye Qiyuan and blocked his way. Ye Qiyuan was left alone and had no other choice.
Law.
He gritted his teeth and shouted loudly, "7800 points! Buy 1,000 long positions!"
One sentence made all the sellers look askance.
Now that the Hang Seng Index has dropped to 7560 points, Ye Qiyuan actually increased his position by 240 points at one time to buy a long position!
The loss in this round and round is hundreds of millions of Hong Kong dollars!
The representatives of the hedge fund's exit from the market clearly showed hesitation. This temptation is huge, because it means that if they trade with Ye Qiyuan, they can instantly make hundreds of millions of Hong Kong dollars in profits, and the handling fees attributed to their brokerage companies are thousands.
Thousands of Hong Kong dollars!
But the order they received was to sell the Hong Kong index, and the party represented by Ye Qiyuan was obviously on the side of the bulls and was their opponent.
This is opportunity.
Ye Qiyuan took advantage of their stunned moment and nimbly slipped through the gap. He once again stood in the middle of the trading floor. He continued to raise his hands and shout loudly to buy 1,000 long contracts at 7,700 points.
He could have bought more contracts in one go, but he only asked for 1,000 contracts. This was strategic, the quantity was limited, and the sellers were given limited time to consider, because everyone was worried about being preempted by others.
Although Ye Qiyuan is young and a semi-newcomer, this does not mean that he lacks adaptability.
Seeing this scene in Yao Yuan's eyes, he smiled and said to Feng Zhijian, "Mr. Feng, you are a good trader, give it to me."
"No problem, as long as Mr. Yao is satisfied." Feng Zhijian agreed without thinking.
There is no need to consider which is more important, establishing a good relationship with Yao Yuan or retaining a young trader.
He hesitated and reminded, "Mr. Yao, if you forcefully raise the price of Hang Seng Index futures with such intensity, you may suffer great losses."
Yao Yuan said, "Just treat it as returning it to the people of Hong Kong."
He was referring to the previous profits. Feng Zhijian knew very well that the Dongfeng team had made nearly 2 billion Hong Kong dollars in profit before. Later, Li Jinghan showed his courage and asked Feng Zhijian to organize a small team to follow the Dongfeng team into the field.
I made some money, not much, more than 200 million Hong Kong dollars in one day...
At this time, the battle in the futures exchange trading pit became intense. Ye Qiyuan stared with blood-red eyes. After buying 1,000 contracts at 7,700 points, the Hang Seng Index was pushed up by 180 points.
The Hang Seng Index is affected by the rise and fall of blue chip stocks, and is also affected by the long and short positions in the futures market, which are mutually reinforcing.
At this time, Soros immediately realized that the mysterious fund holders who had been following him in the past had betrayed him. Ye Qiyuan bid you very strongly, and his posture was that no matter how many selling orders there were, he would buy them all. He showed it.
The strength is the strength of the employer behind it.
In the futures market, short sellers encountered strong resistance.
However this is just the beginning.
Suddenly, several brokerages began to sell US dollars in exchange for Hong Kong dollars!
At first, Davis just felt strange, thinking that some people thought that the bulls were on the rise and the Hong Kong dollar exchange rate would rise, and they were just following the trend to make money.
However, this is obviously not following the trend, but a purposeful action.
Gao Jian and Yu Yongan are stabilizing Li Bancheng. Li Bancheng has mortgaged Hong Kong Telecom, the core asset of Cheung Kong Holdings, for a loan. He must not be allowed to run away at this time. The most important thing is that Li Bancheng must not know that the SAR government is going to enter the market.
Therefore, they implemented an information blockade against Li Bancheng and vowed not to give up until Li Bancheng was killed.
Yao Yuan has already started taking action. In two hours at most, that is, before the market closes in the morning, all preparations can be completed and the last door closed. By then, the Soross will not be able to escape even if they want to.
Because by noon, the news of the SAR government’s entry into the market could no longer be concealed.
The main force of the Dongfeng Team began to make the final layout in the two cities. The most important layout was in the futures market. Ye Qiyuan was not only the main force in undertaking selling orders in the morning, but also played a role in attracting the enemy's attention. Using Ye Qiyuan's cover, China United
The traders in the bank's securities department made detailed arrangements according to the plan and quietly established a large number of long positions at 9,000 points. Once the Hang Seng Index rebounded to 9,000 points or exceeded 9,000 points, the hedge funds represented by Soros would die in Hong Kong futures trading.
Market, I'm afraid they won't even be able to pick up the fur...