Chapter 27: The Day of the Great Reversal (3)

"Wow, it's almost 700 points ......"

"675 points to be exact, Sister Qin, you are smiling so exaggeratedly!"

"It's an exaggeration, it's not an exaggeration at all!" Xiaoqin pointed to the floating profit of 675,000 Hong Kong dollars in the account, and said excitedly, "It's almost 700,000, you earned nearly 700,000 in one day! Not 7,000, not 70,000!"

When she said this, she was extremely happy and moved a little widely, not only did her legs stick firmly to Chang Tianhao's legs, but even because she paid too much attention to the screen, half of her body was very close to Chang Tianhao, as long as he moved slightly, he could immediately feel the full career line pressed on his left arm, and his desire came up all of a sudden.

Xiaoqin kept this posture in the afternoon, and even when there was a wave of reversal in the middle, she still grabbed Chang Tianhao's arm tightly, although she didn't urge him to close the position, her movements seemed very nervous.

In the face of Cheng Cheng, he always felt that the other party was a simple girl, even if he hugged him, he didn't have so many desires, but in the face of Xiaoqin, it was different, he always felt that he had endured a little hard in the afternoon, and he didn't dare to make a big move, so he could only occasionally quietly turn his body to slow down the emotional impact as much as possible, otherwise it would be too ugly to set up a tent.

The reason why people are different from animals is that they can control it, and he silently warned himself in his heart not to be a stallion that is on the brain at every turn, and to be a man and do things with restraint.

"Mainly with you, I'm lucky, I said that yesterday. ”

"No, no, no, you must have a basis...... You can't just say you're lucky. ”

"If you're lucky, someone has to believe it. Chang Tianhao smiled at her, leaned into her ear and whispered, "Only you believe in me!"

When he said this, Xiaoqin obviously felt the itch of his hot breath blowing on his ears, and his face turned red all of a sudden, but he was reluctant to leave...... If Brother Chao made so much money, she would probably be happy, but she wouldn't be so excited, and she didn't know when she became like this, she liked to stick to Chang Tianhao and talk to him - obviously she was 2 years older than the other party.

Otherwise, why don't you sit next to Brother Chao and stick to him?

"Happy working together!"

Chang Tianhao stretched out his hand, originally just wanted to shake Xiaoqin's hand to celebrate, but he didn't expect the other party not only stretched out his entire left hand, but also naughtily scratched his palm with his little thumb.

"Shhh

He didn't hold it up all of a sudden, his hand was directly on the other party's thigh, he paused for 3 seconds, felt the delicacy enough, came back to his senses and quickly pulled away in a panic, and then couldn't help but look down at her face, Xiaoqin only pouted slightly, and then threw a charming and meaningful smile - if the pause was longer for 1 second, her hand would be patted.

Brother Chao didn't see the small movements of the two, and only felt incredible about Chang Tianhao's luck: Sure enough, when luck is good, it can't be stopped, people block killing, and gods block killing gods.

However, he still praised from the bottom of his heart: "It is estimated that you are the first person in Qiantang and even China to earn 1 million so quickly...... I'm going to have to call you a million in the future!"

"Don't, Brother Chao, you're hurting me, maybe I'll be beaten back to my original form one day. Chang Tianhao was humble again and again, "I'm lucky, I'm lucky......"

The strange thing is that Gao Yang came over at noon, but Gao Yang didn't show his face at this time.

Chang Tianhao saw that it was boiling on the plate, and in Hong Kong there was actually an undercurrent.

The gossip about the entry of the Exchange Fund into the market of the Government spread in the middle of the day, which aroused great concern from all sides, and there were many criticisms: partly it was a matter of butt -- they sided with speculative forces inside and outside Hong Kong; partly it was a matter of habit -- they were accustomed to the Hong Kong government's style of non-intervention in the economic system, and they were worried that the government's outstretched hand would undermine Hong Kong's highly free economic environment and affect Hong Kong's long-term development; and some of it was a system problem. They believe that intervening in the stock market is technically discussable, but that a few people should not make decisions on the sly, which undermines Hong Kong's democratic institutions.

The last group of people are in the mainstream, and they fear that the government, which is now directly using foreign exchange to undermine democracy in the name of benefiting the people of Hong Kong, may further undermine democracy in the future.

According to the provisions of the Hong Kong Exchange Fund Management Act, the Hong Kong Foreign Exchange Management Advisory Committee is the most important object of consultation for the government when using the Exchange Fund.

You didn't listen to any opinions, you just ordered to do it, and if you succeeded, you said that you would defend Hong Kong, and if you failed, you would be responsible? If you step down, you will be held responsible? Can you afford this responsibility?

This is the mainstream view at the forum, the kind of view that unswervingly supports the Hong Kong government, believes that as long as it is beneficial to Hong Kong, any method can be used, and is quite black and white, is not the mainstream at the Hong Kong forum -- Hong Kong people are still quite procedural justice at this time, which is very different from the mainland.

When the market reopened at around 2 p.m., members of the Hong Kong Foreign Exchange Management Advisory Committee, including Li Guobao, chairman and chief executive of the Bank of East Asia, finally received a call from Yam asking him to go to the HKMA for discussion, but when the members arrived at the HKMA, they did not hold a phone call, but were placed under house arrest for two hours in disguise: Yam Zhigang neither communicated with them, nor did he let them call out, let alone leave the house. Of course, the attitude is still very polite, there is no shortage of cigarettes, cold drinks, refreshments, newspapers, magazines, television and radio, and the HKMA has become a large afternoon tea center.

After the market closed at 4 o'clock, Yam finally appeared to explain to the members the reasons for the Government's use of the Exchange Fund to enter the market, and hoped for their support, while apologizing for the whole situation: on the one hand, for the sake of secrecy, and on the other hand, for the sake of unnecessary controversy.

Although the committee members were not very satisfied, they were generally reasonable and took the overall situation into account, and held that there was a sufficient basis for the government to enter the market at an extraordinary time: When the US stock market crashed in 1929, the US authorities first strictly banned short selling, and later implemented Roosevelt's New Deal, which showed that the matter was urgent and followed.

Only a few people asked: What if the foreign exchange reserves are exhausted and the bailout is still unsuccessful? Is there any other plan?

Because Hong Kong's reserves are only $50 billion, and it still has to ensure the linked exchange rate system and daily imports and exports, the committee members are quite worried.

Ren Zhigang was silent for a while and said: "Beijing has stated that they still have nearly 150 billion US dollars in reserves, which can be fully handed over to us for use, and we can use as much as we need." The determination of the central authorities is unwavering. ”

The committee members were all dumbfounded, and it took a long time for someone to ask, "Is it true?"

"The Chief Executive and the Prime Minister have spoken on the phone and have made clear commitments!"

With such confidence and commitment, everyone was relieved and made it clear that they supported the government's decision-making - which can be regarded as implementing the procedural rhythm of getting on the bus first and paying the fare later.

Chang Tianhao knows that the far-reaching impact of this incident is not only in the present, but also in the future:

On July 1, 2003, the sixth anniversary of the celebration of the return to the motherland, 500,000 people marched in Hong Kong to protest against the fall in housing prices and demand that the Hong Kong government bail out the market and the chief executive get out of the way -- if you could save the stocks, why can't you save the housing prices? Only save the stock market but not the housing market? It shows that your original motive was not pure and your remarks are full of public opinion.

Logically speaking, it is really unclear here: the vast majority of the middle class in Hong Kong will not be at risk of bankruptcy if the stock falls to slag, because everyone buys the stock with spare money, and the house is falling to the slag, and most of the middle class is completely ruined because everyone is burdened with mortgages.

Chang Tianhao came to the conclusion from these things: Most people will agree with killing one person to benefit the world, and few people will agree to killing oneself to benefit the world...... If a generation of Hong Kong homeowners were needed to go bankrupt in exchange for Hong Kong's economic transformation and upgrading, they would not do it! Hong Kong's real estate has become a tiger's butt that cannot be touched, and after the bankruptcy of the 85,000 public housing plan, no chief executive dares to try again, and Hong Kong's economy is slowly suffocating.

But in 1998, everyone was still far from seeing the road ahead......