What is the fastest way? Which way is acceptable to both parties? In particular, the Hong Kong Monetary Authority must have a strong enough reason to explain to the Foreign Exchange Management Advisory Committee.
Because according to the provisions of the Hong Kong Exchange Fund Management Law, this committee is the most important advisory body for the government when it uses the Exchange Fund.
In order to achieve the purpose of concealment, the government did not consult the Foreign Exchange Management Advisory Committee when it used foreign exchange reserves to enter the market in the morning, but it had to obtain the support of the committee members afterwards.
Similarly, if Ren Zhigang wants to lend foreign exchange reserves to Yao Yuan, he will not say it now, but he will also need to obtain the support of the committee members afterwards.
Yao Yuan has already thought about it for Ren Zhigang. This is the purpose of including the information related to Oriental No. 5 financial products in the document.
Ren Zhigang is an elite in the financial field. After he saw the relevant introduction and rules of the Oriental No. 5 financial product, he understood Yao Yuan's intention.
The government uses foreign exchange reserves to purchase the Oriental No. 5 Fund in major financial markets other than Hong Kong. The difference is that it must purchase US$30 billion. Yao Yuan used Sedan Oilfield, Huaxia United Bank, Yongan Group, and Ocean Shipping Hong Kong Company as the
The mortgage guarantee ensures that the government's money will not only not lose money but also get a guaranteed profit. It is also guaranteed by the three major families in Hong Kong.
It's been done to the extreme.
The time reached 12:45, and there were only 15 minutes until the afternoon market opened.
Ren Zhigang did not hesitate and immediately called Dong Sheng. Then he was joined on the phone by Zeng Sheng and several other SAR government officials. In just a few minutes, he came up with a decision-agreeing with Yao Yuan's plan.
The efficiency of both parties is very high. After the buying funds here arrived in the custody account of Hua Xia United Bank, they were immediately dispersed into several transfers and transferred to the accounts of companies that were registered in Hong Kong not long ago. These companies are basically Yao Yuan's vests.
One of his cavalry.
A full 10 billion US dollars was arranged to go into the account of Qibing Company, and the rest was immediately purchased at a large premium from fund companies, custodian banks and other institutions that hold blue chip stocks. The SAR government helped lobby, and the three major families mobilized all their connections to lobby.
If the SAR government considers the exchange rate and how much money it can make by buying Oriental No. 5 Fund, it will be really short-sighted and petty.
At the critical moment, Mr. Dong made a final decision. No mortgage was required. The SAR government used US$100 billion in foreign exchange reserves to purchase Oriental Fund No. 5. The purchase amount depended on the situation, that is, starting from US$30 billion.
Yao Yuan was not relieved, but took a look at Dong Shenggao. This man was courageous. No wonder he could serve as the first chief executive.
It is true that the beginning is difficult.
At this moment, Director Lin, Deputy Director Zhuo, and Li Jinghan woke up from a dream.
Some time before the war started, Yao Yuan spent so much energy launching the Oriental No. 5 Financial Management Fund to raise funds from major financial markets around the world for the war. They knew about this and thought Yao Yuan was very powerful.
.
But now they discovered that Yao Yuan's real purpose was most likely not the previous fund-raising, but now!
By using a high-quality series of financial products with guarantees and enterprising spirit to allow the SAR government to transfer foreign exchange reserves to him, the funds that Yao Yuan can use will be multiplied by two!
Over $50 billion!
Step by step, Director Lin and the other three admired Yao Yuan's meticulous thinking and super strategizing ability.
The decisive battle in the afternoon is related to the collapse of Hong Kong's financial market. It cannot be overstated how much the SAR government attaches importance to it.
With the full help of the SAR government, Yao Yuan obtained more than 10 billion Hong Kong dollars in blue-chip stocks from fund companies and custodian banks fifteen minutes before the market opened. These were mainly many second- and third-tier blue-chip stocks.
These are Yao Yuan's new ammunition for launching a general offensive.
The time reached 1 o'clock, and the Hong Kong stock market opened on time.
The impact of the large amount of buying in the morning was fermented after the market opened. The Hang Seng Index set a record of opening gains in several days, closing at 7690 points, getting closer to the 7700 point mark.
In just a few minutes, the 70-yuan HSBC Holdings bid placed by the Dongfeng team was filled up. Immediately afterwards, many scattered selling orders appeared, with the average quotation being around 78 yuan.
These data are quickly calculated by professionals, and then written with chalk on the big blackboard over there, and updated at any time.
Yao Yuan nodded slightly, "I want them all, as much as I want. I have only one request. The stock price of HSBC Holdings must be raised to 100 yuan before 14:00!"
"yes!"
Traders are busy like crazy. The conditions of the Hong Kong Stock Exchange are much better than those of the futures exchange. Orders can be placed electronically. Only some personnel need to be left at the Hong Kong Stock Exchange. Remote command and control is available here.
In fact, this is the securities trading terminal room approved by the Hong Kong Stock Exchange.
HSBC Holdings is a blue-chip stock among the blue-chip stocks in the Hang Seng Index, and its rise and fall guides the rise and fall of other blue-chip stocks.
In just over ten minutes, there were not many retail investors left in the market.
Retail investors who want to sell out have basically sold out, and some who bought at high prices are still holding on. In short, there are not many goods on the market.
The screen suddenly became deserted. The Dongfeng team responsible for monitoring HSBC Holdings stared at the screen intently, secretly praying that the big players would take action soon.
Lin Wei came over and whispered, "Ayuan, based on the current market value of HSBC Holdings, we have about 1.5 billion Hong Kong dollars, but the capital we invested is about 1.8 billion Hong Kong dollars."
"I lost 300 million Hong Kong dollars, um, a small amount of money." Yao Yuan nodded slightly.
HSBC Holdings fell sharply twice. The first time was the financial crisis, and the second time it was involved in international political struggles and was sanctioned.
Therefore, Yao Yuan is not worried that HSBC Holdings will make him lose money. The stock will run at the price of 120 Hong Kong dollars for a long time. In other words, as long as the average buying price does not exceed 120 Hong Kong dollars, Yao Yuan will make a profit.
Moreover, his purpose is not to make some money, but to take this opportunity to win more HSBC Holdings, so as to achieve the purpose of controlling HSBC Bank.
Whether the British agree or not is a matter for the future.
"We are probably the only ones who have HSBC Holdings' goods, and Soros and others have them. Will they sell them?" Lin Wei said with concern.
Yao Yuan crossed his arms and said, "Li Bancheng knows how to sell, and he has a lot of it. There are also European sovereign funds, and they all have the goods."
"Won't European sovereign foundations sell it?" Lin Wei really didn't have a clear judgment.
Yao Yuan said, "Yes, and the reason is simple. They don't believe that Hong Kong can withstand Soros' attack. If they don't sell, they will suffer huge losses."
As soon as he finished speaking, Feng Zhijian suddenly shouted, "The European Monetary Fund suddenly sold the Hong Kong dollar! This is very abnormal!"
Yao Yuan was not surprised at all. He pointed to the futures and said, "Did you see it?"
Feng Zhijian became a little nervous and ran over to ask Yao Yuan for instructions.
The European Monetary Fund is a long-term investor. They have been optimistic about the Hong Kong dollar for many years, but they suddenly sold off at this time. This is very bad news.
Yao Yuan signaled to Feng Zhijian not to be anxious, pointed to the Hong Kong stock market, and said, "This is just the beginning. European sovereign funds quickly sold off Hong Kong stocks, including HSBC Holdings."
When death comes, we all fly away, this is Europe.
Feng Zhijian was still sorting out his thoughts when a selling order suddenly appeared on the screen, 5 million shares of HSBC Holdings!
This is a super wealthy person!
Quoted price is HKD 80.5!
This is 400 million Hong Kong dollars!
Li Baoguo, the chief trader of the Dongfeng Team, suddenly looked back at Yao Yuan. Yao Yuan said, "Stop asking, eat them all, as much as you can!"
"Yes!" Li Baoguo immediately bought the 5 million shares of HSBC Holdings and walked out with 400 million Hong Kong dollars.
This was like a domino falling over. Selling orders for hundreds of thousands or millions of shares suddenly appeared, with prices quoted at more than 80 Hong Kong dollars.
Li Baoguo stopped hesitating and ate it all decisively, as if he had too much money to spend.
It can be determined that the first 5 million shares were sold by European sovereign funds, and they only held HSBC Holdings in their hands.
There were more and more selling orders. At this moment, Yao Yuan suddenly said, "Stop!"
Li Baoguo looked back at Yao Yuan.
Yao Yuan looked at the time and said, "Ten minutes of rest."
Like a sudden brake, the traders whose faces were flushed with adrenaline suddenly stopped and suppressed their excitement.
Just a few minutes later, the seller found that no one had taken over the order, and his claws suddenly became numb. Soros immediately seized the opportunity to continue selling. The rising momentum of HSBC Holdings' stock price disappeared and began to fall sharply. The market suddenly started to wail again.
Ten minutes later, Yao Yuan signaled Li Baoguo to continue buying HSBC Holdings.
This time, the big institutional investors who wanted to cut off their profits and run away no longer hesitated, nor did they dare to sell in batches at high prices. So, for the first time, there was a selling order of 10 million shares...
If they are allowed to continue to sell at a premium, Yao Yuan's costs will rise. How can Yao Yuan give up such a cost that can be controlled through operations?
The current situation in the market is very obvious, and he is the only one buying.
The situation of HSBC Holdings is basically stable, and now it is the turn of Soros, who entered the market at a high level, to make a choice. If the futures market cannot continue to hedge the losses in Hong Kong stocks, it will be difficult for them to hold on.
Yao Yuan walked to another group, which mainly bought several major blue-chip stocks such as Hong Kong Base Real Estate, Hong Kong Electric, and New World Properties. Guo Tairui's face turned red with excitement. Hong Kong Base Real Estate also plummeted before, but he had no doubt that it would rise back.
, and there is greater room for growth in the future because of the strong investment from Dongfeng-based companies.
After examining it carefully, Yao Yuan beckoned Li Baoguo over and said, "Start buying Kwai Chung Port and Wing On Real Estate, and raise the price as high as you can."
"Yes." Li Baoguo quickly left.
These two stocks belong to Dongfeng Group and are brother companies.
Yao Yuan turned to Lin Wei and said, "The announcement from Kwai Chung Port can be released."
Lin Wei understood and walked aside to make a phone call.
Soon, Kwai Chung Port Group Co., Ltd. issued an announcement: The group company has signed a strategic cooperation agreement with French Ward Investment Management Group and China Chunfeng Investment Co., Ltd. French Ward Group and China Chunfeng Investment will invest 100 million in Kwai Chung Port Group Co., Ltd.
billion Hong Kong dollars, and plans to build Kwai Chung Port into Hong Kong’s largest container port within three years...
This news is extremely good news.
Kwai Chung Port's stock price was only NT$16.2, and it started to soar like clockwork!
No one had taken a second look at Kwai Chung Port before. This port is newly built and is under construction. It was jointly funded by Yuanhai Ocean Group, Yuanhai Trading and Yongan Group. At the beginning, the momentum was huge, with a registered capital of 1.2 billion Hong Kong dollars. Later,
Everyone found that the performance was mediocre, but there was no bad performance, so after the listing, the stock price has been stable at around 18 yuan. Even if the market plummeted, it was still around 16 yuan, which is considered very stable.
Now that this stock is suddenly popping up, some people with a keen sense of smell may guess that it is related to the ongoing financial war.
Yao Yuan was very satisfied and said to Ren Zhigang, "Mr. Ren, the government's news can be released."
Ren Zhigang nodded, picked up the phone and called Zeng Sheng.
Soon, the SAR government released a message. In a nutshell, the government fully supports the construction of Kwai Chung Port and will support Kwai Chung Port in building the largest container port in Asia in terms of land use and sea area use.
This news was released on the street through a small TV station, and it was in the form of scrolling news. It was not noticeable at first. For people who don’t care about the stock market, they would not pay attention to such a text message.
Until the market noticed this piece of news, which can be said to be blockbuster, Kwai Chung Port began a rocket-like rise, with a surge of 376% in just ten minutes!
Arranged reports are coming out one after another. Some experts say that the current stock price of Kwai Chung Port is seriously undervalued. This stock has great potential to become a first-line blue chip stock in the Hang Seng Index. It is more appropriate for the stock price to reach around 100 Hong Kong dollars...
…
By the way, Wing On shares were also brought along, because Wing On Group is one of the shareholders of Kwai Chung Port Holdings Company.
This is a set of combo punches.
The dozen or so stocks under Yao Yuan's current support have soared across the board, driving the market to recover its lost ground at lightning speed. In just half an hour, the Hang Seng Index exceeded 8,000 points, and the upward momentum is clearly aimed at 9,000 points!
The Futures Exchange, the Hong Kong Stock Exchange, the Spring Breeze Team, and the government team launched a strong attack to support the two markets with massive funds. At this time, it was too late for Soros to run away, unless he could make up his mind to close his position. In that case,
It is conservatively estimated that at least half of the investment will be lost.
With 30 minutes left before the market closed, Yao Yuan had already used the US$30 billion brought in from Hong Kong’s foreign exchange reserves to complete the outflanking of Soros—hijacking Quantum Fund’s retreat in New York and setting up an ambush formation.
With 15 minutes left before the market closed, Soros, who had already realized the danger, gave it a go. He did not lack the spirit of adventure. Likewise, he had a clear judgment on the situation. If he did not put all his strength into it, his Quantum Fund would
I'm afraid it will disappear into the history of world financial markets.
He set his sights on HSBC Holdings and Hong Kong Telecommunications.
Foreign brokers released HSBC Holdings and Hong Kong Telecom at an extremely fast speed, with 170,000 shares in each transaction, a real full-force pressure!
At this time, Yao Yuan also started to get excited.
He shouted, "Take them all!"
Li Baoguo couldn't care about anything else, and shouted loudly to give instructions to the Dongfeng Team and the national team to take over all the selling orders. The four securities firms from the SAR government also went out with all their strength to take over the selling orders.
In just five minutes, the number of stocks traded reached 4 billion Hong Kong dollars!
This is almost as much as the transaction volume during the rest of the day combined!
Soros obviously had no reservations and continued to press at the same pace. Yao Yuan did not hesitate to pick up all of them. The two sides entered the stage of exchanging blood and fighting for blood bars. It depends on who can win first under such heavy pressure.
Fall down!
With no more HSBC Holdings shares in hand, Soros gritted his teeth and instructed Stanley to take out the shares of Cheung Kong Holdings and began to put pressure on the shares of his allies. At this point, he had no choice, and Li Bancheng, as early as Gao Jian
After fighting against Yu Yongan, he was so angry that he was admitted to the hospital.
Seeing Soros selling Cheung Kong Holdings, Yao Yuan couldn't help but laugh. This is called getting it without any effort. Li Baoguo had already received the order, and when he saw that Cheung Kong Holdings' stocks were being sold in large quantities, he
Eat them all as quickly as possible without even giving the SAR government a chance to react!
On one side, the Dongfeng team is fighting Soros against HSBC Holdings, Hong Kong Telecom, and Cheung Kong Holdings, and on the other side, it is continuing to support several other first-line blue-chip stocks in an orderly manner. It can be said that it is very comfortable.
The physical offensive and defensive battle continued until the market closed.
In the last fifteen minutes, the transaction volume reached more than HK$50 billion. In other words, HK$3.4 billion of transactions occurred every minute. This is unprecedented in the history of the Hong Kong stock market, and perhaps there will be no one to surpass it in the future.