Text Chapter K16 Smashing the pot and selling iron, at all costs
When the Hang Seng Index pierced 6,500 points, a huge buying force also rushed into the market at the same time and began to sweep the goods frantically. Under such a strong buyer's attack, the Hang Seng Index was quickly pulled up to the 6,600-point mark, temporarily preserving this "lifeline".
This huge buyer force is none other than Fund X.
As a matter of fact, Fund X has already begun to ambush in the Hong Kong stock market, so why has it not entered the market to support the Hong Kong financial authorities? Quite simply, at that time, when the thieves were fierce, the power of the short side could be called the top of the dark clouds, and the entry of Fund X would only fight a war of attrition with heavy losses.
Not only that, once Fund X enters the war too early, with its own strong strength, it can definitely repel international financial speculators by uniting the Hong Kong financial authorities and the central government. However, this is obviously not the result that Su Chenyu wants, this guy is going to hit the three major consortium families hard, so naturally he can't let them run away so easily.
Therefore, luring the enemy deep is the best choice!
What's more, Su Chenyu is confident enough to keep the "life warning line" of 6500 points, in fact, it is true, when the Hang Seng Index was punctured at 6500 points, X Fund was instantly pulled up.
It seems that the Hang Seng Index barely managed to hold the important level of 6,500 points, however, there is a deeper meaning behind this - X Fund has officially kicked off the counteroffensive!
After the overwhelming victory in the "foreign exchange battlefield", X Fund finally pulled its "main force" back to the most tragic Hong Kong stock market, and it is time for this "Hong Kong financial war" to reach the final battle.
There is no doubt that the Hong Kong stock market at this time has obviously been seriously over-falling, as for why it did not rebound, it is very simple, the short force led by the three major family consortia is too huge, and it is desperately suppressing the multi-party forces led by the Hong Kong financial authorities. Moreover, the "confrontation" in the early stage also consumed too much of the vital strength of the Hong Kong financial authorities, and now it is simply impossible to organize a decent counterattack.
However, X Fund is different, it is really strong, and it also carries the power of victory in the "foreign exchange battlefield", and the most important thing is that this point is definitely a copy of the bottom of history.
So, no extra nonsense, in a word, just do it!
On the second day of entering the market, the Hang Seng stock market did not continue the strong counterattack of the previous day as soon as it opened, gapping low, and opening low and going low directly pierced 6600 points, once again approaching the 6500 point mark. Obviously, international financial speculators also know that as long as they can break the "life warning line" of 6,500 points, then they will win a big victory in this "financial war".
However, this time it does not seem to be as good as international financial speculators expected, the Hang Seng Index has just pierced 6600 points, and X Fund has begun to enter the market on a large scale. Regardless of 3721, Fund X is directly sweeping the goods in a sweeping trend, which is simply how much to eat, and the Hang Seng Index will soon return to 6600 points. Not only that, under the strong attack of X Fund, international financial speculators were caught off guard, and the Hang Seng Index went all the way up, closing up 3.2%, creating the largest increase in recent times.
In the next few days, Fund X held high, the Hang Seng Index pushed all the way up, closed the Zhongyang line for many days, and the Hang Seng Index regained 7,000 points, giving the entire market a huge shot in the arm. Obviously, it is obviously impossible for international financial speculators to make such a counteroffensive of Fund X so smooth, and start wave after wave of counter-charge, hoping to temporarily defeat Fund X's offensive.
However, at this critical juncture, Fund X is not alone, and the Hong Kong monetary authorities, which have been briefly corrected, have regrouped and successfully stabilized the Hang Seng Index at 7,000 points.
However, in fact, at the position of 7,000 points, international financial speculators are still very profitable, because their short positions are opened at 7,500 points, and as long as they are below the 7,500 points, they will make money. As for those who risked their short positions at 7,000 points, or even 6,600 points, they have been blown up by Fund X.
Therefore, the focus of the next battle between the long and short sides is 7500 points, as long as the Hang Seng Index is successfully pushed to 7500 points, then the situation of the entire "financial war" will be completely reversed.
Don't look at it, there is only 500 points from 7000 points to 7500 points, however, these 500 points are as insurmountable as a moat. You must know that the three major consortium families and international financial speculators have built a defensive position of several trillion yuan in the middle of these 500 points, and this defensive position is still pressing forward, in a vain attempt to break 7,000 points again.
In the face of the three major consortium families and international financial speculators who counterattacked again, if Fund X directly throws out the strength to fight the bayonet at the bottom of the box, then the other party will lose. However, even if the Hong Kong side wins, X Fund will also win miserably, which is really not in line with Su Chenyu's principles.
What's more, how can the central government not intervene in such a matter that has a bearing on Hong Kong's future and destiny?
So, just when the long and short sides were fiercely competing at 7,000 points, the "heavy punch" that the central government was ready to launch finally went out!
Maybe it has been suppressed for too long, so the central government is indeed holding its breath, so it is a thunderbolt as soon as it makes a move!
No one expected, really did not expect, that Mr. Zhu, the premier of the State Council, would directly deliver a speech in the "News Network" and say that "we will ensure that Hong Kong's status as an Asian financial center will never be shaken at all costs."
The next day, the two deputy governors of the Central People's Bank of China rushed south from the capital to Hong Kong to personally reinforce the Hong Kong stock market, and this time they brought rescue funds as high as 144.959 billion US dollars (about 1,087.1 billion Hong Kong dollars) - this is the entire foreign exchange reserves of the central government.
The most important thing is that the two deputy governors of the central bank not only brought all the foreign exchange reserves to reinforce the Hong Kong stock market, but also brought Mr. Zhu's eight words - smash the pot and sell iron, do not hesitate.
This time, the central government has decided to make a desperate gamble and win this "battle to defend Hong Kong" at all costs, even if it is to smash the pot and sell iron, it will absolutely not let Hong Kong's financial status be threatened.
I have to say that the shock brought by Mr. Zhu's statement and the support of all foreign exchange reserves is indeed quite huge, and when Soros and others heard the news, they were directly stunned. To be honest, no one expected, including the three major consortium families, that the central government's determination and action to support Hong Kong would be so great.
You know, according to their previous analysis, the central government should not be so determined and take such a big move?
Smash the pot and sell iron, at any cost!
How do you play this?