readx(); "These idiots in Baodao are not conniving with Soros!" Fu Rongqi scolded angrily.
"Lao Fu, from Baodao's point of view, their losses are not big. If they continue to fight Soros, they may win, but they will definitely lose miserably. At least their economic losses are greater than their foreign exchange losses. It's much less, but it has an impact on us." Professor Liang sighed.
"Isn't that right? We don't have much trade relations with Baodao in Xiangjiang, and the economies are not linked to each other. What does the depreciation of the Taiwan dollar have to do with us?" Fu Rongbing asked.
"Then you say, how much does the depreciation of the Singapore dollar have to do with the ringgit? But after the Singapore dollar fell, did the ringgit fall even more sharply? This is a kind of herd effect, and this is what Soros wants. Panic. Baodao’s foreign exchange reserves are the strongest in Asia. As a result, even the Taiwan dollar has depreciated, which has boosted Soros’ momentum in disguise!” Professor Liang was also extremely disappointed with the Baodao authorities. Originally, they wanted to help Baodao. The financial market of Baodao can compete with Soros.
With Baodao's strong foreign exchange reserves and their secret help, victory is bound to happen sooner or later, and it can give Soros a huge blow. Even if Soros cannot suffer a huge loss, it can at least allow Soros to make money in two or three countries. All profits will be lost!
But Baodao doesn't want to fight with Soros, which is troublesome. Although it is impossible for Soros to continue to suppress the Taiwan dollar, it will completely anger the Baodao authorities. Once Baodao is determined and adopts some extreme policies, Soros will undoubtedly lose.
Soros also closed when the situation was good, immediately delivered all the Taiwan dollar contracts, and left after making a little profit. He really only made a little profit.
It is impossible for Soros to just leave this large amount of money and either continue to attack other new countries and regions, or he will choose to attack countries such as New Zealand, Malaysia, and Thailand again, and then cut another crop of leeks!
Obviously, Soros thought that the leeks had not grown yet, and Feng Yu had already gone to harvest the second crop.
So he wanted to come to Xiangjiang and give it a try.
The Hang Seng Index is now more than 12,800 points. The stock indexes that Soros had previously pushed up have been knocked down by Fu Rongqi and others. At the same time, those blind stock market investors have calmed down. The economic crisis in the entire Asia is about to If it breaks out, then it is no longer just a fool who can make money by investing in stocks.
Some people who used financing to buy stocks also withdrew, causing the Hang Seng Index to slowly fall every day. Soros' people wanted to open a position several times before, but they didn't dare. They were afraid that this was a trap and that if the Hang Seng Index suddenly pulled up, they would be in danger.
But now, Soros's funds have been transferred, and he finally no longer worries about that, and he has begun to short-sell the Hang Seng Index!
…
"Someone started to open a position to short the Hang Seng Index, and Soros took action!" He Zhaoji shouted loudly.
Feng Yu immediately stood up and walked over and ordered: "Build a position in the opposite direction and buy Hang Seng Index futures! Pay attention to controlling the amount of funds, not too much."
At the same time, Fu Rongqi, Professor He, and Li Zeju simultaneously issued the same order as Feng Yu. They must fight to defend Xiangjiang Finance!
Ren Zhigang, the head of Xiangjiang Financial Management, remembered what Fu Rongqi and others had told him two days ago.
Fu Rongqi told him that Soros had set his sights on Hong Kong and would attack the Hong Kong dollar just like he attacked the currencies of other countries, asking Ren Zhigang to deal with it carefully.
Ren Zhigang didn't take these words to heart at first. Soros still dared to attack Xiangjiang. Wasn't he dragged to the Baodao Market
But two days ago, Baodao suddenly announced that it would abandon support for the Taiwan dollar, which shocked Ren Zhigang. How could Baodao be defeated? Since Baodao has been defeated, can Xiangjiang be able to stop it
Ren Zhigang's subordinates hurried in to report and asked about countermeasures. Should they increase the borrowing interest to increase Soros' borrowing costs to prevent them from short-selling the Hong Kong dollar
If it were before, Ren Zhigang would definitely have chosen to do this, but after Fu Rongqi's warning, Ren Zhigang chose another approach.
"No, the lending interest rate remains unchanged. I just say hello to those banks and strictly control the short-term lending quota. Then prepare to use foreign exchange reserves. We will buy back as many Hong Kong dollars as they throw away and deposit them in the bank!"
"Then how much foreign exchange will we use? What if we don't have enough?" the subordinate asked anxiously.
"Don't worry, there will be someone who can help us buy Hong Kong dollars." Ren Zhigang thought of the promises made by Fu Rongqi and Li Chaoren. These two people had made huge promises. They said they would spend a large amount of money to buy Hong Kong dollars, so they would definitely do so.
Moreover, Fu Rongqi also told him that under Hong Kong's linked exchange rate system, the Hong Kong dollar is pegged to the U.S. dollar. How could Soros suppress the U.S. dollar
The base exchange rate of 7.75:1 will never change. There will be a slight fluctuation at most, which will not affect anything. It is completely within the normal fluctuation range, so he does not need to worry.
…
Soros leaned on the sofa, holding a glass of champagne, ready to celebrate Xiangjiang's success. Of course it is impossible for him to make money on the Hong Kong dollar exchange rate, but as long as Hong Kong raises interest rates, the stock market will inevitably fall. Once the Hang Seng Index falls, he can continue to build momentum and take advantage of the opportunity to make money.
Suppressing the Hong Kong dollar is just a smokescreen. After studying the Four Diamonds, he also believed that this method is feasible!
"Boss, Xiangjiang has introduced a policy, but it is quite different from what we estimated!" Zhu Ken Miller came in to report.
"Huh? What's wrong?" Soros suddenly had a bad premonition.
"Xiangjiang only controlled the short-term lending quota, but did not adjust the interest rate!"
Soros sat up straight: "What are you talking about, their interest rates have not been adjusted?"
"There is no adjustment. It's just that it's a lot more troublesome for us to borrow Hong Kong dollars, and we can't borrow too much. Xiangjiang used its foreign exchange reserves, ate the full amount, and then resold it and deposited it in the bank. We lost interest in vain."
Soros put down his wine glass and slowly tapped the table with his fingers. Did there really be a master in Xiangjiang who could see through his intentions? In this way, it becomes a competition for funds to see who has stronger funds.
“Didn’t the Hang Seng Index fall?”
"If it falls a little bit, our interest loss can be compensated through this part. But we may not be able to make up for the loss of selling Hong Kong dollars at a low price."
"Don't worry, if the Hang Seng Index falls, we won't lose money. Don't forget, we also quietly opened a position in London before!"
The Hong Kong dollar is also one of the more active currencies in the London foreign exchange market. If Hong Kong cannot borrow it, it does not mean that London cannot borrow it. They can still continue to sell Hong Kong dollars.
"But, boss, in this case, we will be competing to see who has more funds. Once someone pulls up the Hang Seng Index, how should we respond?" Zhuken Miller looked worried.
Before Soros could answer, Thomas from the Four King Kongs ran in and reported: "Boss, the Hang Seng Index has risen. A large amount of money has entered the market, pushing the Hang Seng Index up!"
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