Since he has promised the SAR government to help resist the next attack on Hong Kong Island by international travel funds led by Soros, Zeng Wei will definitely have to make a lot of preparations.

On the one hand, Zeng Wei called the heads of several domestic companies and asked them to draw some funds as soon as possible, and from the feedback he received, the cash that several companies were able to mobilize was about 1.5 billion yuan.

That's already a lot of money to be reckoned with!

As for the transfer to Hong Kong Island in exchange for foreign exchange, this matter would be very troublesome under normal circumstances, but now it is very convenient, after all, he is now the kind of person who holds Shang Fang's sword.

On the other hand, Zeng Wei also set up a special financial team, all of which are industry veterans hired locally from Hong Kong Island, and many of them have been tracking Soros and others for a long time and analyzing their movements, so whether it is in the Thai financial turmoil or in the current process of Soros sniping at the Hong Kong dollar, they are very familiar with the movements of Soros and others.

Now that the international super-bulls led by Soros are frantically attacking the Hong Kong dollar, the means of profit are naturally above the Hang Seng Index, so after Zeng Wei put forward the idea of shorting the Hang Seng Index in advance, they began to establish a large-scale short contract of three months to six months and began to accumulate combat power.

The Hong Kong Island Monetary Authority is very puzzled by Zeng Wei's short-selling behavior, but since Zeng Wei has promised to help the Hong Kong Island government resist Soros's next attack, it is difficult to say anything.

After all, the help provided by the local people on Hong Kong Island at this time is far less than this, and these people, when they are not suffering from the pain of the skin, are unwilling to pluck a hair for the benefit of the world.

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On July 21, Soros began a new round of offensives. On the same day, the three-month forward rate of the US dollar rose to 250 points against the Hong Kong dollar, and the three-month interbank rate of Hong Kong dollars rose from 5.575 per cent to 7.06 per cent.

The Hong Kong Island Monetary Authority felt that it would be difficult to stop the offensive of the other side without launching a counteroffensive at the policy level, so after many discussions, it immediately orchestrated a counterattack the next day.

The HKSAR Government has raised the interest rate of the Hong Kong dollar through the issuance of large government bonds, which in turn has contributed to a sharp increase in the exchange rate of the Hong Kong dollar against the US dollar.

At the same time, the Hong Kong Island Monetary Authority issued a verbal warning to two banks suspected of speculating in the Hong Kong dollar, which made some Hong Kong dollar speculators tremble and finally chose to withdraw from the Hong Kong dollar speculation team, which will undoubtedly weaken Soros's speculative power.

When the speculative selling of the Hong Kong dollar began again, the Hong Kong Island Monetary Authority, at the suggestion of Zeng Wei, raised short-term interest rates sharply, causing the overnight lending rate among banks to skyrocket.

A series of counterattacks made Soros's campaign on Hong Kong Island unable to gain any bargains and suffered heavy losses.

At this time, the central government has repeatedly stressed that it will fully support the SAR government in safeguarding the stability of the Hong Kong dollar. If necessary, Bank Negara will work with the Hong Kong Island Monetary Authority to crack down on Soros's speculative activities.

This is undoubtedly a booster for Hong Kong Island, but it is definitely bad news for Soros.

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Soros has heard much more bad news.

On 25 July, the central banks of 11 countries and regions in the Asia-Pacific region, including China, Australia, the Hong Kong Island Special Administrative Region, Japan, and ASEAN countries, held in the magic capital, issued a statement saying that the Asia-Pacific region is experiencing good economic development and that each side should strengthen cooperation to jointly crack down on currency speculation.

On 14 and 15 August, a number of powerful investment funds entered the Hong Kong Island foreign exchange market, using financial futures to buy Hong Kong dollars with three- or six-month Hong Kong dollar futures contracts, and then quickly shorted them. As a result, the exchange rate of the Hong Kong dollar against the US dollar once fell to 7.75 Hong Kong dollars to one US dollar, and 7.75 is also known as an important psychological key point of the Hong Kong dollar exchange rate.

The Hong Kong Island's monetary authorities quickly countered by tightening monetary policy and raising interbank interest rates to meet speculators.

The HKMA has raised the interest rates on bank loans, forcing banks to return their excess positions, leaving speculators who have borrowed money to sell Hong Kong dollars to buy US dollars in the face of extremely high speculative costs. In a very short period of time, that is, in less than a week, the Hong Kong market was restored to calm, and the speculators returned in vain.

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However, everyone also knows very well that this group of speculators will not stop there, and the bloody struggle between the two sides is inevitable.

The Hong Kong authorities have taken precautions and launched a two-pronged policy and public opinion offensive to remind these international financial giants not to act rashly.

The monetary authorities on Hong Kong Island have taken an extremely clear stance and are resolute in upholding the stability of the linked exchange rate system. Before leaving London, the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), who is currently visiting the United Kingdom, stressed that the SAR Government is extremely determined to maintain the linked exchange rate.

Financial Secretary Donald Tsang and Secretary for Financial Services Hui Sai-yan met with the media to reiterate that maintaining the linked exchange rate is the preferred goal of the Hong Kong government, and that it is inevitable that interest rates will soar for this goal.

The Hong Kong Island Chamber of Commerce issued a statement in support of the Linked Exchange Rate System and called on those in the financial market to think calmly and re-examine the economic fundamentals of Hong Kong Island in order to stabilize the market.

Tsang said at an investment conference that the SARs would not change the monetary system or the relationship between the Hong Kong dollar and the US dollar, and that only speculators would die if they speculated in the Hong Kong dollar.

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Of course, the repeated attempts of international speculators to snipe at the Hong Kong dollar are not only to profit from the Hong Kong dollar exchange rate, but also to adopt a comprehensive strategy to benefit from the stock market and the futures market.

Their approach is to accumulate a large number of short positions in the futures market, and then buy the forward US dollar and sell the forward Hong Kong dollar, making a big splash.

When the Hong Kong government took measures to sharply raise interest rates in response to the sniping of the Hong Kong dollar, the stock sentiment weakened, and people worried that the sharp rise in interest rates would push down the stock and property markets.

As a result, people in the stock market panic and panic sell stocks, and speculators can close their short positions and make huge profits.

In other words, although speculators have made no success or even suffered a small loss in the exchange rate of the Hong Kong dollar, they have made a lot of money in the futures index market.

October 20 marks the 10th anniversary of Black Monday, the tragic Wall Street stock market in the United States, and because of this, it has become the most anxious day for investment analysts.

However, the horror did not appear on Wall Street, on the contrary, the Dow Jones index rebounded by 74 points on the day.

While investment analysts are celebrating, the other side of the globe is already full of crises and dark tides.

Ten years later, another Black Monday has begun, but this time it is Hong Kong Island, which is known as a shopping paradise.

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