Chapter 580: August Weiyang, the Great War Begins
The girl who was rescued by Lin Cheng was called Yang Xi, and the pronunciation of Yang Xi's name was exactly the same, if it weren't for this pronunciation, with Lin Cheng's selfish nature, he would never have jumped into the river to save her. X
Yang Xi should have been unaccompanied, but fortunately, his father Yang Tou was washed away by the flood and was rescued by others, although he lost his mother and brother, but at least he still has a father to rely on.
Seeing their father and daughter reunited, Lin Cheng quietly left them 50,000 yuan and left Shangyang Village.
In fact, Lin Cheng can give them more money, but once they give more money, it is easy for people to covet it, but 50,000 yuan is just right, which can enable them to rebuild their homes.
As for Yang Xi, it turned out that the school she attended was on summer vacation, and the family went south to Huacheng to reunite with her father, who worked in Huacheng, and her hometown was empty, so Lin Chengbai ran away.
In fact, this is fine, after all, Lin Cheng is not ready to meet Yang Xi, after all, for Yang Xi, Lin Cheng at this time is completely a stranger.
……
Back in Qingjiang, Lin Cheng completely relieved himself of the post of commander-in-chief of the Lin Group's Flood Fighting, Rescue and Disaster Relief Volunteer Corps, and handed over the burden to other high-level officials.
This is not that Lin Cheng is irresponsible, but Lin Cheng knows that his specialty is not flood fighting and rescue, it is better to automatically and consciously abdicate and let professional people do professional things.
And more importantly, the financial war between the Xiangjiang government and the national speculators has begun, and the time has come for Lin Cheng to take revenge on Soros.
In March, Lin Cheng was accidentally targeted by Soros, and in order to get rid of Soros's entanglement, Lin Cheng deliberately lost 5 billion Hong Kong dollars to Soros.
Although Lin Cheng earned back 12 billion Hong Kong dollars in the Philippine foreign exchange market on the same day, and made a net profit of 7 billion yuan back and forth, it is always a fact that Lin Cheng was bitten by Soros anyway, and this matter was also hailed by the Xiangjiang media as the first Waterloo in Lin Cheng's life.
……
On the afternoon of August 13, Lin Cheng returned to Xiangjiang and immediately summoned Liang Botao and a group of trading managers to lay out for the next thrilling financial war, in order to make a lot of money while biting off a piece of meat on Soros.
In the high-rise conference room of the headquarters building of Lin's Holding Group, Lin Cheng sat in the main seat, nodded to Liang Botao, and signaled the meeting to begin.
Liang Botao said: "David, you report to Lin Sheng about the financial situation in Xiangjiang in the recent period. ”
The trading manager named David in English immediately stood up and said: "Lin Sheng, Mr. Liang, and colleagues, since August 5, several European and American investment banks and hedge funds have attacked the Xiangjiang foreign exchange market, the stock market and the Hang Seng Index futures market at the same time, and frantically sold Hong Kong dollars and Hang Seng Index futures in Xiangjiang.
Among them, the main force is the Quantum Fund, the largest hedge fund of US imperialism under the command of Wall Street speculator George Soros. On the 5th, more than 20 billion Hong Kong dollars were sold to the Hong Kong market, and on the 6th, another more than 20 billion Hong Kong dollars.
According to the prediction of the proposal given to us by Lin Sheng, we estimate that the plan of Soros and others is to short the Hong Kong dollar in the foreign exchange market, forcing the HKMA to adopt the old way of raising interest rates and suppressing the stock market.
If interest rates rise, the stock market will inevitably fall, and HSI futures will also fall in tandem, and then speculators can short HSI futures at a lower price in the futures market, and both the foreign exchange market and the stock market will make a profit.
On 7 August, the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Government issued a statement to reporters, expressing his unwavering commitment to maintaining the Linked Exchange Rate System.
At 4:30 p.m. on the same day, the first round of the financial war ended with a narrow victory for the HKMA, and the exchange rate stabilized at around US$1 to HK$7.75. Because the extent of the setback in the stock market is not large, and the decline in the futures index is not large, speculators have returned in vain.
But they didn't stop, and I think their next target is the stock market. ”
After David introduced the basic overview, Liang Botao stood up and added: "Lin Sheng, colleagues, now everyone's focus is on the contact exchange rate, in fact, the exchange rate, for traders, there is no sufficient counterparty, it is really not easy to make a profit, so generally speaking, the exchange rate is often used as a tool, and the use of tools will be consumed, which is the inevitable cost."
Combined with the current situation, international speculators seem to be attacking the linked exchange rate of Hong Kong, in order to achieve the brilliant results of the Southeast Asian economy.
However, as the world's third-largest region in terms of US dollar reserves, and backed by China, a superpower with the second largest US dollar reserves, as long as the SAR government personally ends, Soros will never have a chance, so I think Soros's drunkard intention should be on the Xiangjiang stock market.
In fact, Soros has already made a profit on the Xiangjiang stock market, which has fallen from 16,000 points in September last year to 6,600 points now. ”
Lin Cheng nodded and said: "The financial situation you have analyzed is very clear, and the fall of the Hang Seng Index to 6,500 points will be the bottom line that the banking system can bear."
If the stock market and property market fall further sharply, banks will inevitably sell off a large number of relevant collateral assets when they have no choice, thus setting off a vicious sell-off in the stock market and the real estate market, and some small and medium-sized banks may even face the fate of collapse due to excessive bad debts.
Once a bank begins to fail, the banking system of Hong Kong is bound to suffer a fatal chain blow. If international speculators like Soros are allowed to win the hard-earned money of the people of Xiangjiang again and again, no matter how strong Xiangjiang's economic strength is, it will one day be hollowed out.
I think the Xiangjiang government has run out of patience at this moment, and has made up its mind to wage war against speculators from top to bottom.
Tomorrow is Wednesday on the 14th, and it is very likely that the SAR government will use the Exchange Fund and the Land Fund to bail out the market, and I have decided that Lam will enter the market tomorrow and use 20 billion Hong Kong dollars in advance to assist the SAR government in buying orders and combat the arrogance of international speculators. ”
Regarding Lin Cheng's decision, the trading managers in the audience discussed a lot and seemed to have quite doubts.
Lin Cheng frowned: "What, do you have different opinions?"
David boldly said: "Lin Sheng, although there are no explicit regulations in the Xiangjiang financial market, there has always been a default rule, that is, the government will not personally go to the market and fight with the buyer and seller, so I think this SAR government will still abide by this unspoken rule and will not end up in person."
In this way, our Lin Holdings will end tomorrow, and it is very likely that we will face the siege of international speculators alone, and the situation will be quite dangerous!"
Lin Cheng shook his head and said: "What are the rules? The rules are used to break them, and now the Xiangjiang SAR government has the strong capital of the central government as a backer and the strength to break the rules, so why not?"