On 20 October, the Hong Kong Island stock market began to fall.

On October 21, the Hang Seng Index fell by 765 points, and on October 22, it continued this momentum by 1,200 points.

On the 23rd, concerns about the outlook for the Hong Kong dollar caused the Hong Kong Island Interbank Offered Rate to rise steadily, and the overnight interest rate, which was only about 7 percent the day before, soared 300 times.

In this market atmosphere, Hong Kong stocks suffered a setback for the fourth consecutive time, falling by 10.41 percentage points.

On the same day, the Financial Secretary of the Hong Kong Special Administrative Region, Donald Tsang, said that the basic economic factors on Hong Kong Island are good, and the decline in the stock market is mainly affected by temporary speculation in external factors, and investors do not need to panic.

He believes that this is not a stock market crash, and in any case, the SAR government wants to defend the Hong Kong dollar exchange rate first and foremost. Although there had been speculation in the Hong Kong dollar the previous evening, the speculation had subsided.

Meanwhile, the Chief Executive of the Hong Kong Island Monetary Authority, Yam Chi-gang, also made a speech, claiming that the HKMA had repelled speculators the night before.

Perhaps because of the strong intervention of the SAR government, or perhaps because the confidence of the SAR government and financial managers infected investors, on the 24th, after falling sharply for four consecutive trading days, the Hong Kong Island stock market rebounded strongly on this day, and the Hang Seng Index rose by 718 points, an increase of nearly 7 percentage points.

On 27 July, Tsang Yam-chuen once again reiterated that the current linked exchange rate system on Hong Kong Island will not change, and that only speculators will suffer losses in this activity.

………………

At this time, the stock market around the world formed a vicious circle of general sharp decline.

On the 27th, the Dow Jones index in New York fell sharply by nearly 554 points, the worst day in history, which led to an automatic suspension of trading for an hour.

The Tokyo stock market fell more than 800 points immediately after the market opened.

On 28 July, the Hang Seng Index on Hong Kong Island plunged by more than 1,400 points, a drop of 17 percent, the largest drop in history.

In this regard, the Chief Executive of the Hong Kong Special Administrative Region stressed that the shock in the stock market on Hong Kong Island is only a temporary adjustment. A spokesman for the Chinese Foreign Ministry also said that there have been such fluctuations in the Hong Kong stock market in the past, and it is not surprising that the Hong Kong stock market fluctuations are a matter for the SAR government to deal with on its own, and that the central government will act in accordance with the principle of one country, two systems and will not directly intervene in the stock market and the exchange rate of the Hong Kong dollar on Hong Kong Island.

Answering a member's question, the Secretary for Financial Affairs of the Provisional Legislative Council of the HKSAR said that the community is very concerned about the stability of the joint exchange rate system, and with regard to the operation of the market, the consistent policy of the SAR Government is freedom, and administrative interference should be minimized.

The Chief Secretary for Administration of the Hong Kong Special Administrative Region, Anson Chan, advised the public to stay calm, not to react allergies, and to be cautious and act within their means when entering the market.

Public opinion on Hong Kong Island expressed strong confidence, and Sing Tao Daily published a commentary pointing out that in the past, after experiencing an economic crisis, Hong Kong will recover quickly and become more vigorous, and this time should be no exception.

According to the US Treasury Department, since the global stock market crash in 1987, the Hong Kong Island stock market has returned the highest in the world over the past decade. After the 97 stock market crash, as long as Hong Kong vigorously develops its economy, the rate of return in 10 years may be the highest in the world.

This invisible war caused by Soros shocked the world like a volcanic eruption,

On 20 October, the Hong Kong Island stock market began to fall.

On October 21, the Hang Seng Index fell by 765 points, and on October 22, it continued this momentum by 1,200 points.

On the 23rd, concerns about the outlook for the Hong Kong dollar caused the Hong Kong Island Interbank Offered Rate to rise steadily, and the overnight interest rate, which was only about 7 percent the day before, soared 300 times.

In this market atmosphere, Hong Kong stocks suffered a setback for the fourth consecutive time, falling by 10.41 percentage points.

On the same day, the Financial Secretary of the Hong Kong Special Administrative Region, Donald Tsang, said that the basic economic factors on Hong Kong Island are good, and the decline in the stock market is mainly affected by temporary speculation in external factors, and investors do not need to panic.

He believes that this is not a stock market crash, and in any case, the SAR government wants to defend the Hong Kong dollar exchange rate first and foremost. Although there had been speculation in the Hong Kong dollar the previous evening, the speculation had subsided.

Meanwhile, the Chief Executive of the Hong Kong Island Monetary Authority, Yam Chi-gang, also made a speech, claiming that the HKMA had repelled speculators the night before.

Perhaps because of the strong intervention of the SAR government, or perhaps because the confidence of the SAR government and financial managers infected investors, on the 24th, after falling sharply for four consecutive trading days, the Hong Kong Island stock market rebounded strongly on this day, and the Hang Seng Index rose by 718 points, an increase of nearly 7 percentage points.

On 27 July, Tsang Yam-chuen once again reiterated that the current linked exchange rate system on Hong Kong Island will not change, and that only speculators will suffer losses in this activity.

………………

At this time, the stock market around the world formed a vicious circle of general sharp decline.

On the 27th, the Dow Jones index in New York fell sharply by nearly 554 points, the worst day in history, which led to an automatic suspension of trading for an hour.

The Tokyo stock market fell more than 800 points immediately after the market opened.

On 28 July, the Hang Seng Index on Hong Kong Island plunged by more than 1,400 points, a drop of 17 percent, the largest drop in history.

In this regard, the Chief Executive of the Hong Kong Special Administrative Region stressed that the shock in the stock market on Hong Kong Island is only a temporary adjustment. A spokesman for the Chinese Foreign Ministry also said that there have been such fluctuations in the Hong Kong stock market in the past, and it is not surprising that the Hong Kong stock market fluctuations are a matter for the SAR government to deal with on its own, and that the central government will act in accordance with the principle of one country, two systems and will not directly intervene in the stock market and the exchange rate of the Hong Kong dollar on Hong Kong Island.

Answering a member's question, the Secretary for Financial Affairs of the Provisional Legislative Council of the HKSAR said that the community is very concerned about the stability of the joint exchange rate system, and with regard to the operation of the market, the consistent policy of the SAR Government is freedom, and administrative interference should be minimized.

The Chief Secretary for Administration of the Hong Kong Special Administrative Region, Anson Chan, advised the public to stay calm, not to react allergies, and to be cautious and act within their means when entering the market.

Public opinion on Hong Kong Island expressed strong confidence, and Sing Tao Daily published a commentary pointing out that in the past, after experiencing an economic crisis, Hong Kong will recover quickly and become more vigorous, and this time should be no exception.

According to the US Treasury Department, since the global stock market crash in 1987, the Hong Kong Island stock market has returned the highest in the world over the past decade. After the 97 stock market crash, as long as Hong Kong vigorously develops its economy, the rate of return in 10 years may be the highest in the world.

This invisible war caused by Soros shocked the world like a volcanic eruption, 8)