"The Hong Kong dollar can no longer hold its own. It needs to be decoupled from the U.S. dollar. A conservative estimate is that it will depreciate by at least 30%!"
"The Hang Seng Index will fall below 8,000 points. If you don't run, it will be too late!"
"Many listed companies are suspected of financial fraud and will be suspended from trading!"
"The financial crisis has spread to Hong Kong, it is safer to convert money into US dollars!"
"Call on the Hong Kong Financial Management System to raise interest rates and resist external funds from shorting the Hong Kong dollar!"
…
The next day, similar articles appeared in many media in Hong Kong, and even similar news appeared in some news programs. They all looked down on Hong Kong and believed that Hong Kong was definitely not Soros's opponent.
Ren Zhigang immediately held a press conference to reprimand those who spread rumors, and contacted the Chief Executive to demand that these media outlets that spread rumors be punished in accordance with the law!
"Xiangjiang is a linked exchange rate system with an automatic adjustment mechanism, and Xiangjiang has huge foreign exchange reserves. It will not be defeated by a mere quantum fund. Those speculators are bound to be defeated miserably!"
"Ren Bureau, if the Taiwan dollar has lost, why do you think that Xiangjiang will not lose? Baodao's foreign exchange reserves are much higher than those of Xiangjiang." A reporter asked loudly.
"That's because Baodao needs the Taiwan dollar to fall in order to reduce Baodao's inflation rate. They need to import more products. Besides, how much has Baodao lost? From an overall perspective, the decline of the Taiwan dollar will have an impact on Baodao's economy. It’s not that big at all. Besides, under our linked exchange rate system, the Hong Kong dollar is pegged to the U.S. dollar and will never be decoupled. Do you think the Quantum Fund can make the U.S. dollar fall?”
"But why don't we raise interest rates so that they can prevent them from continuing to sell Hong Kong dollars?" another reporter asked.
"Just sell it. They also have to pay interest, right? We just buy it back. Xiangjiang's funds are definitely enough."
"Some people say that the Hang Seng Index will plummet. In the past two months, the Hang Seng Index has fallen by more than a thousand points."
"The Hang Seng Index is now over 12,000 points. Two months ago, it was over 14,000 points. Is it a big drop? The overall economic situation in Asia is not very good. Is this kind of fluctuation normal? Don't you ever buy stocks? Didn’t it fall by 10%? But to say it fell below 8,000 points is exaggeration. Today’s Hang Seng Index has risen, and many stocks have risen. Haven’t you seen this? And we are not using any The reason for the increase in funds is that investors believe that the Hong Kong stock market is worth investing in."
Ren Zhigang had a slight success, and Li Chaoren and some people began to buy Hong Kong stocks. Li Chaoren and the others bought as much as Soros and others sold at low prices.
Li Chaoren even announced some news, which caused his company's stock to surge. Many wealthy people in Hong Kong released good news, such as what cooperation agreements were signed with the mainland, and the expected profits in the next few years. And it has indeed led a large number of people to buy Heung Kong stocks, especially those blue chip stocks that are generally considered to be relatively strong.
Li Chaoren prefers real estate, and he led people to acquire stocks in many real estate companies. Fu Rongqi prefers trading, and some trading company stocks were bought by Fu Rongqi. Some people like high-tech and such stocks are bought in large quantities, while others like traditional manufacturing and think this is the most reliable.
Not only did the Hang Seng Index not fall, it even reached 13,000 points.
Feng Yu also spent a large amount of funds, using US dollars, to buy Hong Kong dollars that were sold at low prices, and then used Hong Kong dollars to buy Hong Kong stocks.
…
"Boss, no, the bad news we released has no effect at all. Many rich people are the tycoons of Hong Kong media. We can't go to the mainstream media to build momentum." Zhuken Miller said anxiously.
They released a lot of bad news, hoping to cause panic and make people follow the trend and sell. But their news is far inferior to those good news, especially those good news were jointly announced by several top wealthy people in Hong Kong.
Soros never expected that the top richest people in Xiangjiang would join forces. Even if they joined forces, they would not make much money. Isn't this more gain than loss
But I have to say that those rich people may not make money, but Soros will lose money!
When the Hang Seng Index rises, their stock index futures have already lost money, and they will lose money by selling the Hong Kong dollar, and they will lose money in interest. The problem is that the exchange rate of the Hong Kong dollar is too stable, and they can't suppress it at all!
The strategy failed, and Soros was worried for the first time. He began to reflect on whether his victories in other Southeast Asian countries had made him less clear-headed. Should he really not attack Xiangjiang
"Boss, what should we do? Now that the Hang Seng Index is rising, should we continue to short-sell the Hang Seng Index and share the contract index equally?"
"Or we can reverse the trend and buy the rising contract of the Hang Seng Index to stop the loss, or even pretend to continue the attack and let them pull up the Hang Seng Index. We might still make money," Thomas said.
"No, I think we should deliver those contracts and admit our losses this time. We can attack South Korea first. I have found the loopholes there. Within a month, we will definitely be able to break South Korea's exchange rate system. Not only can we If we cover some of the losses, we can still make a lot of money.”
"I think it is better to attack island countries. Many countries in Southeast Asia have borrowed money from banks in island countries, and now they are not able to repay them. The surge in bad debts and bad debts in island countries is a good opportunity for us to take action. Moreover, the economies of island countries have gone through a lot of changes in the past few years. The development of China has slowed down a lot. After we attack the island countries, we can also have an impact on Hong Kong!"
Each of the four kings had different opinions and began to quarrel with each other. Soros closed his eyes and looked tired. At his age, focusing on thinking about a problem for a long time is a huge burden.
What's more, this failure was also a blow to his spirit. When people are happy, they will have more energy and will not feel tired so easily.
But once a person is frustrated, he will be exhausted physically and mentally!
While arguing, the four kings suddenly realized that Soros had not said a word. They fell silent at the same time, looking at Soros, waiting for the boss's decision.
Soros opened his eyes: "Let's deliver, let's attack South Korea first!"
"boss!"
Zhuken Miller still wanted to persuade, Soros waved his hand: "I know this will have some impact on our reputation, but if we continue to entangle with Xiangjiang, we will lose more. We have to find a way to let those Xiangjiang The wealthy people will no longer take action. It would be much easier if they just deal with the political ax in Xiangjiang!"
…
Soros retreated, and Hong Kong was filled with joy!
The famous Quantum Fund was defeated by Xiangjiang. Even if it breaks away from the United Kingdom, Xiangjiang will still be the economic center city of Asia, not to mention that China has not taken action yet!
Feng Yu and the others opened champagne to celebrate, and everyone's faces were beaming with joy. The important thing about the Soros they defeated was that they didn't lose anything, and some even made some money.
Feng Yu looked out the window. Soros' first real attack on Xiangjiang failed, but with Soros's ambition, he will definitely make a comeback! Why not try fighting him in South Korea
Five two zero, nine eight, four six eight, welcome to join the group
(End of chapter)