Just after hearing about the depreciation of the new Taiwan dollar, Song Ling still couldn't help comforting himself in his heart, it was just a coincidence. Moreover, the Yizhou authorities have minimized the negative impact of this news and chose to announce it on Friday, leaving the market two days to digest it.

After hearing the news, everyone lost the mind to eat and drink, pushed the dishes and chopsticks aside, and began to talk about the impact of the depreciation of the new Taiwan dollar on the Hong Kong stock market.

Remembering that next Monday is the 10th anniversary of "Black Monday", and thinking of the tragic situation in the stock market ten years ago, everyone who was still talking about it immediately quieted down and bowed their heads in silence. Obviously, most of them had experienced the catastrophe back then, and the tragedy was as vivid as yesterday, and even those who had not experienced it must have heard or even studied this period of history later, and naturally knew what a terrible scene it was.

"Black Monday...... Depreciation ......"

Song Ling was still a hairy guy at that time, he only knew that Lu Dao was immersed in work, but he didn't know how to walk with his head up, and the panic at that time did not affect him. However, after he came to power, he also studied the situation at that time, and finally concluded that the whole market confidence collapsed, and there was an avalanche of selling, and this effect spread to the whole world.

However, his confidence is bursting now, all because at this time he has billions of dollars of capital allocated by the central government, and as long as there is the slightest sign of turmoil in Hong Kong, he can throw money into the stock market to support it. Therefore, even if everyone else looked sad and sighed, Song Ling didn't care too much.

After repeating it a few times. Song Ling suddenly thought of something, and shouted in a lost voice: "No! It's their conspiracy, a serial scheme! ”

When the people who were originally silent heard Song Ling say this, they all looked at him, only to see that his face was flushed, and he said happily: "So that's the case, the Yizhou authorities should collude with American capital and deliberately announce the devaluation today, plus next Monday is a special day, so the two-pronged approach." Crashing Hong Kong's stock market in one fell swoop. ”

Silent. There was still silence.

Song Ling was a little anxious, raised his voice and shouted, "Don't you understand? This is the trick they are preparing to deal with the Hong Kong stock market, but it is really insidious enough to come up with such a trick. ”

The crowd still didn't understand. Why is the depreciation of the new Taiwan dollar associated with Black Monday?

Song Ling, who was already immersed in conspiracy theories he had imagined, did not realize this. Still thinking to himself, he said: "The person behind this conspiracy is really a good means. The time and place are occupied, and the people are sent away! Maybe...... Maybe they're just waiting for that moment to crush the Hong Kong stock market in one fell swoop. ”

To be precise. It's not a conspiracy he imagined, it's real. The people behind the layout obviously know the financial market well, otherwise they would not have chosen to make trouble at this point in time.

"Wait!" Someone shouted, "What the hell is going on?" Why is the depreciation of the new Taiwan dollar related to the Hong Kong stock market? ”

The level of the person who said this is very amateurish, but there is no way, who made them state-owned enterprises! And it was obvious that Song Ling's mind was spinning very fast, and these guys couldn't keep up with his speed at all.

Song Ling woke up from his own world, and when he saw everyone's confused looks, he couldn't help but pat his thigh, and said bitterly: "Everyone, think about it, what impact Black Monday will have on the stock market, and now add a currency depreciation, the two affect each other, and the negative effect will increase to the maximum." ”

After speaking, he poured a sip of tea and said bitterly: "Naturally, we lack confidence and cash out, so that the index that we have just stabilized will fall sharply again!" ”

Having said that, where do people still not understand? There was a sudden gasp in the box, followed by silence, and only after a long time did someone tentatively say, "Then we ...... Are we still doing nothing? ”

Compared with the funds in their hands now, the funds invested in the stock market in the past two days are really minimal, and basically there is not much difference from doing nothing.

At this time, the total market capitalization of the Hong Kong stock market was about 4 trillion Hong Kong dollars, and the daily turnover was about 15 billion Hong Kong dollars. All common stocks are constituent stocks, but the power of the weighted stocks in them is quite large, such as HSBC Holdings, Changhe Industrial, Hongkai Properties and other super companies. And if you want to defend the index, the support of these companies is indispensable. With a mere HK$500 million invested every day, it is quite difficult to raise these stock prices.

"We will implement the original plan according to the original plan, and it will take a long time!" Song Ling showed a slightly disdainful look on his face, since he thought that he had penetrated the conspiracy of the hedge fund, he naturally wanted to incorporate their actions into his own big plan, "At the same time, let the person in charge of the red chip stock know that we have a fund in our hands to defend the market value." It's getting more and more fun to get them to come to us. ”

Seeing the look on Song Ling's face, everyone was sure in their hearts, they had already unconsciously regarded Song Ling as the backbone, and at this time, they naturally obeyed him, and after discussing it for a while, they left separately.

……

The Hong Kong Monetary Authority (HKMA) is holding a high-level meeting on the sudden depreciation of the new Taiwan dollar.

"The announcement of the depreciation of the new Taiwan dollar is very likely to set off another wave of currency offensive, and we need to be cautious and pay close attention to the dynamics of the foreign exchange market." The Chief Executive of the HKMA, Ren Yigang, said with a solemn face.

Due to the historical relationship, Hong Kong and the United Kingdom are very closely connected, and most of the Hong Kong dollar foreign exchange market and futures market are in London, and there is a certain time difference between Hong Kong and Hong Kong, which is very conducive to the work and rest of European and American speculators. In this case, most of the real-time exchange rate fluctuations in Hong Kong dollars occurred late at night Hong Kong time.

The atmosphere in the conference room was extremely tense, and it is not an exaggeration to describe it as if it were a great enemy. It has to be said that the senior executives of the Hong Kong Monetary Authority are elite talents who have been immersed in the market for many years, and the chief executive, Ren Yigang, has been managing economic business since the 70s and has more than 20 years of experience, and once served as the director of the Exchange Fund, which is a typical Chinese elite. Vice President Shen Niantao, Malaysian Chinese, from Shilu Jie Bank, used to work in Bank Negara Malaysia......

Even when people like them get together, they still can't figure out the context of the current foreign exchange market, as if the sudden announcement of the depreciation of the new Taiwan dollar this time is a typical sudden behavior, without the slightest warning in advance, and almost gave the officials of the HKMA a slap in the face.

In this case, they are naturally like a great enemy. However, the situation is still very optimistic, and Hong Kong has a huge foreign exchange reserve that is difficult for other regions to match, which is a huge advantage to defend the Hong Kong dollar, which is still strong.

"In addition to London, New York and Singapore should also pay attention to the trend, although they don't have too many Hong Kong dollar futures, but these are ways for international investors to short." Ren Yigang emphasized.

At this time, Shen Niantao interjected: "Do you have to consider the bank, if they are short the Hong Kong dollar, the biggest possibility is to borrow a short-term loan from the Hong Kong dollar bank, and then sell it in the market." This has been the case for a long time, so should we remind the banks? ”

"Not yet."

Ren Yigang pondered for a moment before he said slowly: "Except for a few note-issuing banks, other banks don't care much about our instructions except for margins. However, we can pay attention to the call rate market, if there is a small fluctuation, it proves that there is a change in the monetary side, which is a warning for us. ”

In fact, due to Hong Kong's highly liberalized economy, the HKMA, which exercises the functions of the central bank, does not have as much binding force on commercial banks as imagined, except for some statutory functions and powers. In Thailand, for example, it is absolutely impossible for Hong Kong to use administrative means to force commercial banks to prohibit lending to foreign speculators.

"In addition, we should also pay attention to interest rate futures to prevent large interest rate fluctuations that will affect the local bond business and not make us less attractive to foreign investors."

After hastily arranging a few more points, Ren Yigang announced the end of the meeting, after all, it was a weekend, except for the necessary personnel, everyone else wanted to leave work early.

Although Yam Yi has just been aware of the major events in the foreign exchange market, the entire Hong Kong authorities have been on guard since the outbreak of the Thailand incident, and they have repelled an attack of international travel funds in August, so he is not too worried. It's just that at this time, he could never have imagined that this was just the beginning of an all-round attack on Hong Kong's capital market that was about to last for a year.

The depreciation of the new Taiwan dollar is just a fuse!

……

"We ...... Do we want to give the HKMA a wake-up call? After the meeting, in Zhong Shi's office, Ma Jiarui weighed it repeatedly for a long time before finally speaking weakly.

Obviously, Zhong Shi did not have this obligation. Therefore, Ma Jiarui knew how difficult it was for Lu Dao to say this, even if he was worried about the country and the people, he also knew that it was not appropriate.

However, to his surprise, Zhong Shi's face did not show too much expression, he just shook his head slightly, and said, "It's not time yet, let's see how things develop first." ”

Seeing that Zhong Shi did not refuse, Ma Jiarui breathed a sigh of relief, and left after talking for a long time.

After Zhong Shi's office was empty, Zhong Shi dialed a number and said, "Joey, it's me, have the positions and lots I needed been established?" Well, well, you just need to stay in touch at all times...... No, I don't need your analysis and advice...... Remember, you can only do what I advise. Okay, that's all. ”

After hanging up the phone, Zhong Shi's face showed a smile that seemed to be not a smile. If Tianyu Fund is involved, it will definitely be blamed, and it will be very detrimental to future planning, but if it is operated in the name of Skyline, an offshore financial company, the criticism and accusations will be lost.

It's a bastard if you don't make money! (To be continued......)

PS: Thank you book friends Shadow K, kissmedio, and Wenqing Left Hand for the monthly pass in early June! Hopefully there will be a good start this month~