or 3G Chapter 799 Countermeasures

And Hong Kong Island, Lin Yu must be protected, not only because he is patriotic, but mainly because of this matter to seek some interests for the Lin family, when the Lin family is a double member, it can be said that it is definitely the absolute first family

The current Hong Kong Island, not counting the strong economic strength of those investment companies hidden in the shadows, even if it is just a "quantum fund" and a large amount of international travel capital, Hong Kong Island's foreign exchange reserves are simply vulnerable to a huge influx of hundreds of billions of dollars, and Hong Kong Island can only be slaughtered, almost without the slightest ability to protect itself, just like a naked American NV, open its doubles, waiting for it only one ending without the slightest doubt

Under the violent impact of such a huge amount of funds, the Hong Kong Island Hang Seng Index will definitely fall sharply, trillions of market value will evaporate or lose at the same time, the exchange rate of the Hong Kong dollar against the US dollar will fall rapidly, the major banks will be run by the public, the financial crisis will not only lead to a sharp fall in the stock market, the Hong Kong Island property market will also suffer a heavy blow, all the way down, property prices plummeted, will make many owners become "losers" affected by the "negative wealth effect", investment and consumption will shrink sharply, the economy will deflation, many companies or bankrupt, or layoffs, so that the unemployment rate on Hong Kong Island has risen sharply, The entire economy of Hong Kong Island will be shrouded in gloom

International investors and speculative speculators, like vicious dogs, have been attracted by the big féirò in Asia, and flocked to it, although they are almost still within the scope of Lin Yuke's control, but no one knows whether these speculative speculators who have red eyes will go crazy and put aside the "quantum fund" and launch a large-scale attack on Hong Kong Island Behind this, I don't know how many ill-intentioned promoters once the situation gets out of control, and they have not been able to take strong, powerful, timely and prudent measures. Then it will undoubtedly be a disaster for Hong Kong Island

The stakes are very high, therefore, Lin Yu did not dare to slack off in the slightest, and all day long, Jason sorted out the most timely situation and analysis reports every day, as well as the economic and financial news that happened around the world, for his own reading and reference, and combined with the memories of his previous life, he adjusted the situation and plan at any time to ensure that everything was carried out step by step according to his plan

As time progressed day by day, just when Southeast Asian countries were asking for help and actively planning, international speculators suddenly disappeared, and the currency exchange rates of Southeast Asian countries also temporarily stabilized, and the people of Southeast Asian countries who had been ravaged and tormented breathed a big sigh of relief: "Okay, the storm has finally passed."

However, the tranquility on the eve of the storm, the calm surface is often pregnant with a killing machine, this calm only lasted for a few days, and the Southeast Asian countries did not have time to wipe off the blood stains on their bodies, and the "quantum fund" and a large number of speculative speculators seemed to have digested the great gains of the previous period, and made a comeback again, this time the strength and intensity were stronger than before, and another round of jaw-dropping decline came in an instant, this time, pulling Brunei into the water

At this point, Soros is in an unforgiving posture, and Shengyong chased the poor Kou to once again concentrate his firepower to sweep Southeast Asia, and even gradually swept the whole of Asia, turning into the Asian financial crisis

However, at a time when the whole of Asia was shaken, speculators avoided a very obvious target: the Hong Kong dollar, which has always been at an ideal level, is a miracle for Hong Kong Island, which is inextricably linked to several countries in the currency crisis

In a sense, in addition to the huge deterrent power of the Lin consortium, the creation of this miracle is inseparable from the effective management of the Hong Kong Island Monetary Authority, as early as the beginning of 1995, when the financial crisis broke out in Mexico, the Hong Kong Island financial market also had a brief bō movement, but the Hong Kong Island Monetary Authority raised the interest rate on short-term liquidity in a timely manner, so that speculators not only failed to speculate but suffered heavy losses...,

As long as there is any sign of speculation coming to Hong Kong Island, the overnight lending rate will rise rapidly, and the way to raise the interest rate to the necessary height is to maintain a relatively fixed exchange rate, then speculators are likely to suffer again from betting on the Hong Kong dollar, and sure enough, on July 24, the Hong Kong Island Monetary Authority intervened again in the macro financial market, causing the interbank interest rate to rise above 7%, a measure that not only ensures the strength of the Hong Kong dollar exchange rate, but also keeps the Hong Kong dollar exchange rate strong. And it is also a warning signal to international speculators

In fact, as a well-known international financial center, Hong Kong Island has been able to survive many international financial turmoil in recent years, and there are profound reasons why

First of all, Hong Kong Island's economic development is in a good situation, it is in an upward period, the economic growth rate is high, the demand for investment and consumption will increase unabated, and the value of the currency is the embodiment of economic strength

As of the end of June 1997, Hong Kong Island's foreign exchange reserves stood at US$69.7 billion, and together with the foreign exchange reserves of the Land Fund, which was managed by the Hong Kong Island Monetary Authority, the total value rose from seventh to fifth

However, just when everyone is paying close attention to Hong Kong Island, on August 14 and 15, Soros's "Quantum Fund" finally entered the Hong Kong Island foreign exchange market with an unstoppable momentum, and a battle of the century is about to kick off under the watchful eye

This "invisible war" led by Soros has shocked the world like a volcanic eruption, and Thailand and Malaysia, which are at the epicenter of the epicenter, have been miserable, and the economic conditions of Southeast Asian countries have continued to deteriorate, and the foreign exchange market and stock market have been plummeting, and the governments of various countries have given up their defense actions one after another, and have begun to give in, looking like they will not fight back, allowing their own currencies to rise and fall in the market, and international currency speculators have no fear, calling for wind and rain in the Southeast Asian financial market, and running rampant for a whileHong Kong Island, across the sea, has tensed its nerves more than ever, and the lonely Hong Kong dollar seems to be a rabbit in the wilderness, always on the lookout for wolves in the vicinity, and do everything in their power to avoid falling into this quagmire

Although it was later confirmed that the shock of the Hong Kong Island foreign exchange market in mid-August was nothing more than an attack by an international investment group led by Soros's "quantum fund" to test xìng, perhaps the intensity of the attack was not even the use of financial futures to buy the Hong Kong dollar with 3-month or 6-month Hong Kong dollar futures, and then quickly short-selled, causing the Hong Kong dollar exchange rate against the US dollar to fall to 775:1, an important psychological key point known as the Hong Kong dollar exchange rate

The Hong Kong Island's financial authorities quickly counterattacked, using strategies and means such as tightening the monetary system and raising the interbank interest rate to meet the speculators, the HKMA raised the interest rate on the banks' loans, forced the banks to return their excess positions, and let those speculators who borrowed money to sell Hong Kong dollars buy dollars face the situation of being strong and clear, and were discouraged by the extremely high cost of speculation

But the entire Hong Kong Island financial market is still cloudy, and everyone seems to know very well that the wolf is finally coming, and this group of fierce, greedy, and fearless international speculators will not bite Hong Kong Island hard, and it will definitely not stop a desperate struggle that will not stop at the end

In the face of the arrogance of the international financial speculators, the chief executive of the Hong Kong Island Special Administrative Region cautiously said that the Hong Kong Special Administrative Region has abundant foreign exchange reserves and the economy is growing steadily, and the important thing is that the Hong Kong Special Administrative Region has the support of a strong motherland behind it, so this storm will not have a particularly serious impact on Hong Kong Island

At the same time, the Hong Kong Island authorities are taking precautions, and the policy and public opinion trends are both pronged, reminding these international speculators not to act rashly...,

The attitude of the monetary authorities on Hong Kong Island is extremely clear: resolutely maintain the stability of the linked exchange rate system, because at this time, the decoupling of the exchange rate will only cause Hong Kong people to lose confidence in the Hong Kong dollar overnight, Hong Kong Island is an export-heavy economic system, once there is no linked exchange rate, it will immediately reduce the stability of Hong Kong Island's foreign trade, the stock market and the property market will plummet again, interest rates will soar, and the economic environment will deteriorate further, even in the long run, it may not be a blessing for Hong Kong people

Before leaving London, the first Chief Executive of the Hong Kong Special Administrative Region (HKSAR), who is visiting the United Kingdom, stressed that the SAR Government has a great determination to maintain the linked exchange rate, the Financial Secretary and the Secretary for Financial Affairs met with the media, reiterating that maintaining the linked exchange rate is the preferred goal of the Hong Kong government, and that interest rates soaring for this goal are inevitable, and I hope that the people of Hong Kong Island will be calm for a while, and the Chief Secretary for Administration called on everyone to remain calm, and the Hong Kong Island General Chamber of Commerce issued a statement in support of the linked exchange rate system, and called on people in the financial market to think calmly, Review the economic fundamentals of Hong Kong Island to stabilize the market

Although the speeches and warnings of Hong Kong Island dignitaries have played a certain role, they cannot dispel the fear and fear of many Hong Kong Island citizens who have been put in danger by the Southeast Asian financial turmoil, and cannot prevent the determination of the international financial predators headed by Soros to attack Hong Kong Island. The funds for this attack on Hong Kong Island will be as high as a staggering 900 billion US dollars, which is dozens of times higher than Hong Kong Island's foreign exchange reserves.

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Chapter 799 of the Reborn Financial Tycoon's Countermeasures