Chapter K10 Fight with them
Under the leadership of the "Air Force Commander" of the X Fund, the "Air Force" international financial speculators carried out an indiscriminate heavy firepower bombardment of the Hong Kong stock market, which really beat the Hang Seng Index to the ground and fell again and again.
There is really no lower limit all the way down, and the whole Hong Kong is a little suspicious of life!
From more than 16,000 points, all the way down to more than 6,000 points, a full drop of more than 10,000 points, you know, this is no longer a waist cut, but a knee cut.
Yes, as the world's financial center, Hong Kong has a very rich net worth, but no matter how rich his net worth is, he can't withstand such a fall, it's completely fatal. The most important thing is that 6,500 points has reached the bottom line that the Hong Kong financial authorities can bear, and if the Hang Seng Index goes down, then the consequences are really unimaginable.
Quite simply, once the Hang Seng Index falls below the "lifeblood line" of 6,500 points, then the collapse of the stock market and property market will spread directly to the most terrible area of the banking sector. After all, the Hang Seng Index is below 6,500 points, and if it falls sharply, then banks have no choice but to sell off the relevant collateral assets sharply, thus setting off a vicious selling wave in the stock market and housing market again.
Hmph, if this wave of mortgage asset sell-off rises, the collapse of some small and medium-sized banks with poor anti-risk ability is almost a sure thing, after all, the bad debts of the property market and the housing market can kill them in minutes.
Needless to say, the consequences of bank failure will be a thunderbolt, which will directly impact the entire banking system of Hong Kong and shake the financial lifeline of Hong Kong.
Hong Kong is already invincible and irreversible, and behind them is an abyss.
Therefore, after the Hang Seng Index fell below 6,600 points, the Hong Kong financial authorities did not care about any "foreign exchange battlefield", in a word, they made every effort to save the market, and in any case, the Hang Seng Index must be stabilized. Therefore, Hong Kong's financial and financial authorities have rarely used the Exchange Fund and the Land Fund to enter the market to boost the Hang Seng Index, and they must guard the "lifeline" of Hong Kong's finance.
However, I have to say that the international financial speculators led by Fund X are really "chicken thieves", and I see the Hong Kong financial authorities doing their best to save them
Aiding the stock market, they immediately increased their forces in the foreign exchange market. Suddenly, the exchange rate of the Hong Kong dollar against the US dollar was once again hit to a dangerous point of 7.78 to 1, which is a difference between 7.8 to 1.
In desperation, the Hong Kong monetary authorities can only quickly turn their guns and protect the Hong Kong dollar exchange rate, after all, they have invested so much in the "foreign exchange market", but they must not give up their efforts.
The stock market and the foreign exchange market, these two terrible things really make the Hong Kong financial authorities in a dilemma, the palms of their hands and the backs of their hands are full of meat, and no one can be finished. Whoever finishes these two damn things will be finished in Hong Kong finance, so they can only take care of this and that, and in the end, both ends will make the financial speculators of X Fund make a lot of money.
At this time, this "financial war" has been fought to its current situation, and although Hong Kong has suffered heavy losses, it has finally understood one thing, that is, this war must be won no matter what, even if it is a tragic victory.
Very simply, if Hong Kong loses this "financial war", then all financial speculators, including X Fund, will regard Hong Kong as nothing, and will reap the "hard-earned money" of Hong Kong people as they want in the future.
This "financial war" can only be won, not defeated!
Therefore, after thinking carefully for a long time, Hong Kong Financial Secretary Donald Tsang discussed with the Secretary of the Hong Kong Monetary Authority, Joseph Yam, and finally made the decision to "fight to the death".
In other words, if there is no "Armageddon", then it is still a "dog walk" that international financial speculators have to go back and forth, and it will not be long before Hong Kong can be eaten alive. In this way, it is better to concentrate all the "troops" and directly have a "decisive battle".
However, this kind of matter that has a bearing on the future and fate of Hong Kong is no longer something that Tsang and Yam Chi-gang can decide, and the two of them have jointly approached Chief Executive Tung Chee-hwa for instructions.
However, no one expected that Tung Chee-hwa, after only half an hour of discussion with Tsang and Ren Zhigang about this decision that had a bearing on Hong Kong's future and fate, directly decided to "fight with them."
There is no doubt that Chief Executive Tung Chee-hwa also understands the wolf ambitions of international financial speculators, and it is absolutely impossible for him to let the other side succeed. Moreover, since the start of the war, international financial speculators also
It is true that the deception is too great, and it has brought an almost devastating blow to Hong Kong, and he, the chief executive, bears the tremendous pressure from the outside world every day.
For the sake of Hong Kong's present and Hong Kong's future, Chief Executive Tung Chee-hwa knows that he must win this "decisive battle."
"However, with our current strength, we are definitely not enough to win this financial war? We have already suffered heavy losses, and if we continue to fight like this, we will only increase our losses in vain. ”
Yes, Tsang's worries are not unreasonable, and the current Hong Kong really can't beat the side of international financial speculators, and it has suffered heavy losses before.
"Yes, unless we can get the full support of the central government, we can't fight each other. ”
Ren Zhigang, the director of the HKMA, gave his own advice, that is, he must get the full support of the central government, otherwise, there is no chance of winning.
After listening to the opinions of Tsang and Yam Chih-kong, Tung Chee-hwa said confidently: "The central government's support for our Hong Kong is beyond doubt, and it spares no effort to support it. ”
"With the full support of the central government, especially in terms of capital and renminbi on the battlefield, then with the strength of both the mainland and Hong Kong, we will definitely win this battle. ”
Indeed, if there is the full support of the central government, international financial speculators are really not opponents, but what the two were worried about before was whether they could get the full support of the central government and the full support of real money.
Now that Chief Executive Tung Chee-hwa has given a clear answer and decided to "fight with them," then I believe that there is really no problem.
Therefore, after Zeng Yinpei and Ren Zhigang concluded their discussions with the chief executive, they immediately began to formulate the next "decisive battle plan." This decisive battle, which has a bearing on the future and destiny of Hong Kong, cannot be ignored.
You must know that the night before he made up his mind to fight the decisive battle with the international financial speculators, Tsang Yinpei woke up from his sleep many times crying, and in the words he later recalled, "I am afraid that I will lose the money of the whole Hong Kong people, and I will not be able to redeem myself by jumping off the building."
However, no one knew, not even Tsang and Yam Chih-kong, that Chief Executive Tung Chee-hwa urgently and secretly entered Beijing that night...... 2k reading web