Chapter 486: The Battle of Hong Kong (2)
When the exchange rate of the Hong Kong dollar fell to 7.5 ratios, which was about to approach the psychological bottom line of 7.75 to 1, Qin He was unmoved, but Chu Yao was a little anxious at this time, she thought that it would be easy to break through the boundary of 7.75 ratios if she didn't make a move at this time, and the Hong Kong Monetary Authority couldn't sit still, and asked one after another on the phone, they couldn't tolerate breaking this bottom line. \\.℃аìΖǐgе.℃òΜ//
Qin He's answer was very simple, wait a minute, let them rest assured, we will find the best time to make a move.
When the exchange rate dropped to 7.70 yuan, Qin He issued an order to buy Hong Kong dollars, and the instructions were issued very clearly, not a large number of Hong Kong dollars, but only 5 billion US dollars worth of Hong Kong dollars in the name of an overseas company, which raised the exchange rate of Hong Kong dollars by 0.03 percentage points, although the exchange rate rose to 7.40 yuan, but this price is still extremely low!
Qin He did this to create the illusion that the Hong Kong government came forward to support the market for the international speculators led by Soros, because they knew very well how much foreign exchange reserves the Hong Kong government could use, so they would continue to add funds to suppress the Hong Kong dollar until the Hong Kong government was unable to fight back.
Seeing that the Hong Kong government's counterattack was very weak, the international speculative groups headed by Soros rose up and sold the US dollar in a big way, trying to defeat the Hong Kong dollar in one fell swoop. What Qin He wants is this effect, the more the international speculative group invests, the more Auntie's company will earn, and they must be firmly entrapped here to be able to absorb the maximum benefits.
A new round of attacks was menacing, and in an instant, the exchange rate of the Hong Kong dollar was beaten back to its original shape, and the exchange rate of the Hong Kong dollar fell to 7.70 again, when Qin He once again instructed to buy 15 billion Hong Kong dollars worth of Hong Kong dollars in the name of another overseas company. The $15 billion smashed into it had an immediate effect, immediately pulling the exchange rate up to 7.05 to 1.
At this price, Soros will take a certain risk if he continues to short the Hong Kong dollar, but this situation is something he expected, but the Hong Kong government smashed it out at one time, Liu Yi's dollar market is what he did not expect, Hong Kong's existing foreign exchange reserves are only more than 20 billion US dollars, "It was smashed in one day, he analyzed that this is a radical move by the Hong Kong government in order to stabilize people's hearts, and they will not be able to hold it immediately! Therefore, Soros did not hesitate to strike again.
A day later, the Hong Kong dollar exchange rate was again suppressed to a low level of 7.70 to a low level, and it is still falling. Zuo Jiang estimates that Soros and those international speculators have used at least $30 billion or more, and if the Hong Kong dollar does not fall below the bottom line, it is impossible to continue to hide its strength" After urgent consultations with the Hong Kong Monetary Authority, the Hong Kong Monetary Authority announced in a high-profile manner that it would urgently lend $20 billion of funds to the market, and did not specify which country or bank it was borrowed from" This ambiguous attitude makes it easy to think that it is the "central" central government, but the spokesman of the Ministry of Foreign Affairs also issued a statement: "China" has consistently adhered to the system of "one country, two systems". "We will absolutely not interfere in the internal affairs of the abandoned port.
Qin He then instructed to buy US$30 billion worth of Hong Kong dollars in the spot market in the name of two overseas companies again, raising the Hong Kong dollar exchange rate to 7.10 pis. This undoubtedly gave Soros a slap in the face, $50 billion in funds to support the market? The Hong Kong government obviously does not have this ability, and the statements of the Hong Kong government and the Chinese government make him even more suspicious, and what he is most afraid of is that the Chinese government will directly intervene, although he calculates that the Chinese government will not come forward, and his confidence is also a little shaken at this time!
Soros immediately used his own information channels to investigate, because most of the foreign exchange reserves of the Chinese government are US dollar assets, and with his position in the political power and financial circles of the United States, if there is such a large-scale flow of funds, it will not be able to hide from his eyes, but the investigation results show that "the foreign exchange reserves of the Chinese government have not been used, but it has been found that the huge amount of money entering Hong Kong has been injected by two financial companies registered in the Pacific island countries. He knew that these financial companies were registered by some companies to avoid the high tax rates in the United States, but he could not find out which company was registered, "but there is no doubt that they are American companies." For a moment he was a little confused!
Soros believes that as long as the Chinese government does not intervene directly, he has a good chance of winning: "Even if the Hong Kong government can obtain funds through secret channels, the amount of funds it can obtain is limited." He urgently conducted an investigation into the total amount of funds that these two financial companies had entered Hong Kong, and found that they had injected a total of $40 billion into Hong Kong, and in addition to the $20 billion invested by Hong Kong, the two companies still had $10 billion in funds in their hands.
And $10 billion to take advantage of me? Dream! After Soros urgently discussed with international speculators, a new round of impact was started in raising funds, and he will not stop until the Hong Kong dollar is defeated!
The impact of the international investment group on the Hong Kong dollar again and again has made the Hong Kong authorities tremble, if it were not for Qin He's help, they would have been defeated, with the advent of a larger-scale attack, their heartstrings collapsed tightly, and Qin He communicated information from time to time, and held their foreign exchange reserves in their hands, ready to rescue at any time!
When the Hong Kong dollar exchange rate was suppressed again to 7.70 to 1 to the price and issued an order, 40 billion US dollars smashed in, the ferocious offensive of the international speculative group was immediately resolved, and the exchange rate of the Hong Kong dollar rose steadily, and finally returned to the high level of 7.05 to 7.05.
The international speculative group headed by Soros collapsed in Hong Kong, and the Hong Kong government held a high-profile celebration ceremony, and after the news came out, the whole country was jubilant, which was a major victory for the regional government over the international speculative group since the Asian economic crisis, and the Hong Kong stock market and the Hong Kong dollar exchange rate rose in response, and the financial market returned to calm!
Afterwards, Chu Yao's team slowly sold the spot Hong Kong dollars they had purchased to keep the exchange rate of the Hong Kong dollars stable. Buy at 7.70 to 7.05 or 7.10, although it seems that the difference is only 0.65 and 0.6, but the yield has reached 9.21% and 8.45%, 90 billion US dollars of pet investment, the income is undoubtedly huge.
Qin He roughly estimated for Chu Yao's company that this round of sniping earned about 7.5 billion US dollars, although this is not proportional to the income of the previous big profits, but it has contributed to the country and has a lot of income, which can be said to be the most satisfying ending.