"What are you thinking?" Li Xiaoteng asked Li Yan with a smile, in his opinion, it was a good thing that Li Yan had entered the state so quickly.

Li Yan raised his head, pondered for a moment and said, "I suddenly thought of someone. ”

"Thought of a person, did you think of a more suitable person?" Li Xiaoteng asked Li Yan curiously.

Shaking his head, Li Yan said word by word: "Soros." ”

An extremely surprised expression appeared on Li Xiaoteng's face, he never expected Li Yan to say Soros's name. Reached out and touched the teacup on the table, but Li Xiaoteng didn't pick it up. He is in his eighties this year, and he became famous by sniping at the pound sterling in the early nineties. ”

Li Yan nodded and said: "Yes, in the mid-to-late nineties, he successively shorted the currencies of Thailand, Malaysia and other countries, and he was invincible in Southeast Asia, and then set off an Asian financial storm. Soros and Warren Buffett are one short and the other long, just like the "evil and poisonous" in the international investment community, which has been admired by people so far. ”

In 1974, the Western economy fully recovered from the oil crisis, and Hong Kong's economy and real estate were back on the fast track. Later, Heung Kong gained sustained economic impetus from the mainland's reform and opening up. From then until the nineties, when the economy developed at a rapid pace for a long time, the people's bank deposits increased by more than 80 times in those two decades, and residents' wealth began to flow into the real estate market and the stock market in large quantities.

"During that period, the frenzied speculation of residents' wealth and international travel capital caused the housing prices in Xiangjiang to quadruple from the early 90s to the eve of the bursting of the 97 bubble. Many people are optimistic about the future prospects after the return of Jiuqi Xiangjiang, so that the Hang Seng Index rose to 16,673 points. Li Xiaoteng squinted his eyes and talked eloquently like a few treasures.

"Brother Teng was also involved in that history, right?" Li Yan suddenly asked Li Xiaoteng with a curious expression.

Li Xiaoteng smiled sassy, and then smiled at Li Yan: "What do you think? How much older am I than you? I was still in school at that time...... Only one picture has been impressive to this day. ”

These words aroused Li Yan's curiosity, and he subconsciously asked, "What picture?"

In the TV picture, an old man wearing a big toad frame stood in front of the red curtain and announced with a resolute face: The RMB will not depreciate!" After Li Xiaoteng finished saying this, he smiled at Li Yan and continued: "At that time, the family around me was feeling the demeanor of a giant Chinese power, and it was not until many years later that I understood what I had experienced and what I saw. ”

Li Yan sighed, nodded and didn't speak.

The rapid rise of the Hang Seng Index was full of international investors led by Soros, who had already participated in it. And only a few people know that Soros and these international capitals are ready to snipe bubbles.

In '97, Soros attacked the Hang Seng Index and adopted a very simple method, that is, to short sell Hong Kong dollars and stock index futures in the New York foreign exchange market.

Beginning in May '97, speculators led by Soros devised a serial scheme. This is exactly what people in the financial circles of Hong Kong are worried about, that is, through the interaction of the foreign exchange market, the stock market and the futures market, the two tools of spot and futures are used to set traps in many ways.

The whole sniping process can even be seen as a trilogy of financial battles.

The first part is the preparatory period, in which international speculators borrow Hong Kong dollars as ammunition at low interest rates, and sell Hong Kong dollars in the futures market while shorting futures indices.

The second part is the market-making period, once the external market appears in favor of those international financial speculators, they begin to spread rumors, frantically sell the Hong Kong dollar, forcing the Hong Kong government to "coerce" the Hang Seng Index to plummet, and even borrow goods to sell stocks.

The third part is the harvest period, when the Hang Seng Index plummets. They began to close the short contracts, and the speculators could leave with their money in a down-to-earth manner.

"Later, I learned some details from the mouths of financiers who have experienced ninety-seven. Li Xiaoteng suddenly said to Li Yan.

Li Yanleng paused, glanced at Li Xiaoteng and nodded subconsciously, which of course meant that he wanted to hear the story.

Li Xiaoteng picked up the teacup, took a sip and said: "At that time, Soros contacted several large funds in various countries around the world and secretly began to eat the stocks in the Hang Seng Index. ”

"Oh?" Li Yan frowned.

Li Xiaoteng seemed to see something, and said to Li Yan with a smile: "Hong Kong stocks can be purchased from all over the world through brokerages, which is the charm of Hong Kong stocks." It is also an open global capital market that should be bold. There is a big difference from the walled capital market on our side, but now with the Hong Kong Stock Connect, we have gradually begun to open up, right?"

Li Yan nodded and asked, "What about later?"

Later, their buying was continuous, so that Hong Kong stocks began to rise from the low point of 96 years, and the investment enthusiasm of individual investors was more than that of capital, which caused Hong Kong people to follow frantically, causing the Hang Seng Index to break through new highs again and again, just like the current A-shares. If you look back, you will find that when the enthusiasm of capital is awakened, no matter which market it is, it is actually surprising!"

Li Yan sighed, why didn't he understand that Li Xiaoteng just said the word "leek" a lot more euphemistically?

"Soros continued to push up the stock market in the first half of '97, and when he was close to the highest point, he continued to open a large number of short orders for stock index futures delivered at the end of June. Li Xiaoteng recalls the situation from the perspective of a narrator.

"Don't the Xiangjiang side know anything about it?" Li Yan's understanding of this period of history is only a few words in the book.

When passing the securities qualification, this is a knowledge point and a test point. But Li Yan was very impressed by the record of this history in the books. There are only two and a half lines, but only 100 words! At this time, when I heard this history from Li Xiaoteng's mouth, I actually felt a tingling feeling on my scalp.

"Don't know? How can you not know! Xiangjiang has been closely monitoring this mysterious force, and if someone is doing something in their territory, they will not be able to see it until they don't keep an eye on it! As they approach the return of July 1st, Xiangjiang has already found out the other party's motives and operational strategies very clearly. But here comes the problem...... To know is to understand. Xiangjiang's foreign exchange reserves are not able to deal with the possible financial attacks alone, what do you think they can do?" Li Xiaoteng said this, and raised his head and asked Li Yan rhetorically.

Li Yan nodded and said: "I seem to have heard some rumors about this situation, it should be that the senior financial officials of Xiangjiang formed a delegation to secretly go to Gyeonggi, I don't know what happened in the middle, but I know that Xiangjiang has spared no effort to support the central government later......