Before the market closed at 12 noon, the quantum fund gathered a large number of European funds to enter the market, intending to catch the Hong Kong government off guard. Ｘ

The battle became white-hot in an instant, and many blue-chip stocks such as HSBC Holdings, Lam Holdings, Cheung Kong Holdings, Heung Kong Telecom, and Sun Hung Kai Properties were frantically sold by speculators, and the Hang Seng Index market suddenly fell below 7,900 points and fell sharply towards 7,800 points.

The vicissitudes of the sea show the true character of the hero.

The Hong Kong government and the major bosses of Hong Kong joined forces to resist the enemy, no matter how many short orders were placed by European and American funds, all of them were closed according to the orders, and the stock market instantly rose back to 7,950 points in the last second before the afternoon market closed.

By the close of the afternoon market at 12 o'clock, the turnover of the Hong Kong Stock Exchange was reported at HK$75.9 billion, and both sides invested a lot of money, making the battle even more fierce.

In the trading hall of the Hong Kong Stock Exchange, noon was supposed to be the time for everyone to eat and rest, but at this critical moment, no one went to the restaurant to eat, and there was no time to call for takeout.

In stark contrast, Lin Cheng was eating delicacies from the mountains and seas in Li Chaoren's big room, and was not affected by the ups and downs outside.

Seeing Lin Cheng eating and drinking in front of him, Li Chaoren's appetite improved, and he ate half a bowl of porridge for lunch.

Putting down the rice bowl, Li Chaoren couldn't help but say with envy: "At the age of seventy, I found that the most precious thing in the world is the youth that has passed. I haven't tried it in more than 20 years. ”

"Haha!" Lin Cheng, who was full of food and drink, pinched his teeth and smiled: "As a gluttonous of a big foodie empire, I, Lin Cheng, have always believed that only food in life cannot be disappointed."

Li Sheng must be living too delicately, presumably the three meals a day are eaten according to the nutritional combination prescribed by the family doctor, so that he can live a long life, but life is too boring. ”

Li Chaoren shook his head and said: "I don't agree with this, maybe when you reach my age, you will find that the most precious thing in life is your own life." If you don't have a life, even if the dragon liver and phoenix gall are placed in front of you, you won't be able to eat it!"

Lin Cheng nodded and said: "Li Sheng is right, there is everything in life, there is no life, even if you lay down a huge country, in the end it is just a pile of loess." ”

For Lin Cheng, a reborn person, who had experienced life and death in his previous life, he would certainly agree with Li Chaoren's words.

"By the way, Lin Sheng, the international speculators are coming in a big way, why are you not worried at all? On the contrary, they still launched the listing of Lin's Holdings on the 28th?" Li Chaoren said puzzled.

Lin Cheng waved his hand and said: "Everyone else is looking at Soros coming violently, and they have already vented their anger before fighting, but they don't know that Soros is a paper tiger at this time, and there is only one name left to scare people." ”

Li Chaoren was even more puzzled and asked: "What do you mean by this? Although Soros's net worth is far inferior to that of Bill Gates, the richest man in the world, every time he stirs up the world's financial market, he can bring tens of billions, hundreds of billions, or even trillions of international funds.

Lin Cheng said with a smile: "It's very simple, the arrogant army will be defeated, Soros is too inflated, he actually attacked the Russian market and the Xiangjiang market at the same time in August, the countries standing in these two markets are the world's largest powers second only to the United States imperialism, Soros is cocooned and self-bound, and the fiasco is a sure thing." ”

"Russia?!" Li Chaoren understood, "Are you saying that Soros has already suffered a fiasco in Russia, but isn't he shorting the Russian market? Now that the financial crisis has broken out in Russia, and the financial market has indeed been destroyed by Soros, how can it be said that he has failed miserably?"

Hearing Li Chaoren ask this question, Lin Cheng felt sad for Soros, he was too self-conscious, and Xiangjiang and Russia, which chose to attack, both stood with the two governments in the world that like administrative intervention in the market, the Chinese government and the Russian government.

Compared with China's use of huge foreign exchange reserves to support Xiangjiang against Soros, Russia has gone even further, not hesitating to collapse uncontrollably in its financial markets and end up with international speculators.

Lin Cheng pondered it for a while and explained the reason: "Since July and August, Soros and international speculators have bought a large amount of Russian rubles, trying to repeat the old tricks and concoct the same method against Southeast Asian countries on Russia's head.

However, the Russian government, which has always been iron-clad, launched three tough emergency measures on August 17: First, expand the floating range of the ruble exchange rate and lower the upper limit of the ruble exchange rate to 9.51, which is actually depreciating the ruble against the US dollar from 6.295 to 9.5, a depreciation of more than 50%.

The second is a 90-day moratorium on the repayment of the $15 billion foreign debt due.

The third is to change the repayment period of domestic debts, converting the treasury bonds with a value of $20 billion due before 31 December 1999 into medium-term treasury bonds with maturities of three, four, and five years. The Russian government bond market is suspended until the end of the conversion, which means that Russia has completely stopped paying its maturing debts.

As soon as these three measures were announced, the market was in an uproar, stocks fell sharply, and the ruble exchange rate accelerated its decline. The Russian government soon abandoned the policy of selling the dollar to withdraw the ruble, and the ruble fell sharply to 171~221 against the dollar.

As there was no one to buy, Russia's stock market, bond market, and foreign exchange market were temporarily suspended, banks were unable to cope with residents' withdrawals to exchange dollars, and the entire financial system and economic operation system were almost paralyzed.

Although it has paid a heavy price for the sharp drop in the exchange rates of the three major markets and the freezing of international capital flows, the Russian government has succeeded in breaking the jar and breaking the debt.

As far as I know, the quantum fund has invested as much as 2 billion US dollars in shorting the Russian market and 33 billion US dollars in international travel, and now these funds cannot be returned. ”

Li Chaoren's eyes lit up when he heard this, and he said excitedly: "In this way, Soros, who has been invincible before, is already a paper tiger, and his amount of funds is not so much at all, and now fighting with the Hong Kong government for funds is just a move to intimidate the Hong Kong government?"

Lin Cheng nodded, then shook his head and said: "The emaciated camel is bigger than the horse, although it was defeated in Russia, but with the wealth looted in the financial market in Asia in the past two years, Soros's strength is still very strong, but he is not as strong as people think, as long as the Hong Kong government is determined and does not retreat from the battle, the probability of winning this battle is more than ninety percent!"

Li Chaoren nodded and said: "That's right, but the quantum fund has lost a huge amount of $2 billion out of thin air, which is likely to make the quantum fund unsustainable in the afternoon and fail miserably in the hands of the Hong Kong government." ”

After that, Li Chaoren stared at Lin Cheng with both eyes, and said with some embarrassment: "Lin Sheng, I don't know if you still have any extra funds, since Soros is unsustainable, I don't want to miss this opportunity to fall into the ground." ”r