Chapter 632: Head on Blow

Yibanjiang did not stay in Beijing too much, went home in the evening and stayed overnight with his parents, and the next day at noon had dinner with Yang Guangzhi, Li Biyu, Chen Zhixin, Zhou Chaoming, Wang Haihong, Liu Li and others in Beijing, and then flew to Hong Kong in the afternoon.

Jenny's elite team has already been prepared in Hong Kong, opening a luxurious large room on the Hong Kong Stock Exchange, keeping a close eye on the stock market and exchange rate changes every day, quickly receiving all kinds of information, and analyzing the trend and changes of the financial market at the first time. After receiving a secret notice from the central government, the Hong Kong Monetary Authority quickly got in touch with Jenny and set up an information channel to ensure the smooth flow of information.

After Hu Xiaoya arrived in Hong Kong, Xun set up Zuo Jiang's office in the special presidential suite of Zuo Jiang of the Central Hotel, and set up it with the Hong Kong Stock Exchange. If the large account is connected, you can grasp the changes in Hong Kong's financial market at the first time and share its intelligence resources without leaving home.

After the first round of attacks on the Hong Kong dollar by the international speculative group led by Soros, a dark cloud hung over Hong Kong's financial market. People know very well that these speculators will not stop there, and a bloody struggle between the two sides will eventually be inevitable.

The Hong Kong authorities have taken precautions and launched a two-pronged policy and public opinion offensive to remind these "money crocodiles" not to act rashly. Hong Kong's monetary authority has taken an extremely clear position: resolutely safeguard the stability of the linked exchange rate system. Before leaving London, Tung Chee-hwa, chief executive of the Hong Kong Special Administrative Region (SAR), who is currently visiting the UK, stressed that the SAR government is extremely determined to maintain the linked exchange rate. Financial Secretary Donald Tsang and Secretary for Financial Services Hui Shi-yan met with the media, reiterating that maintaining the linked exchange rate is the goal of the Hong Kong government's election, and that it is inevitable that interest rates will soar for the sake of this goal, and hope that the Hong Kong people will be calm, while the Chief Secretary for Administration, Anson Chan, called on everyone to remain calm, and the Hong Kong 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 and re-examine the foundation of Hong Kong's economy, so as to stabilize the market.

"I want to reiterate that we are not going to change our monetary system or our relationship with the US dollar, and that only speculators will die if they speculate in the Hong Kong dollar," Tsang said at an investment conference.

Although the speeches and warnings of Hong Kong politicians have played a certain role, they cannot dispel people's fears, let alone stop the international financial leaders led by Soros. On the night of Zuo Jiang's arrival in Hong Kong, news came from the Hong Kong Monetary Authority that the Hong Kong dollar futures contract had recently increased sharply and that the position was very high, and it had been identified as the work of international currency speculators, and it was expected that they would attack the Hong Kong dollar again in a very short time.

Zuo Jiang's reply to the Hong Kong Monetary Authority was full of confidence: Please don't worry, we are fully prepared and will meet them head-on when the time is right.

There is a deep meaning in this appropriate time that Zuo Jiang said, although all this is a righteous act, it is definitely not to lose a lot of his own funds to help Hong Kong Trust City. There are many ways to support the market, and Zuo Jiang will of course choose a win-win method that can both make profits and support the market, that is, when the Hong Kong dollar is hit and the exchange rate is declining, he will not take action for the time being, and wait for the Hong Kong dollar exchange rate to fall to a certain low level. Then borrow US dollars to buy Hong Kong dollars. Directly restore the Hong Kong dollar exchange rate to its original position, and earn the middle exchange rate difference in a drop and a rise, but this must be guaranteed by strong funds, otherwise there will be no bones!

Sure enough, as expected by the Hong Kong Monetary Authority, a large number of Hong Kong dollar futures contracts were shorted from the next day. The exchange rate of the Hong Kong dollar against the US dollar has been declining, and this momentum has not waned. A large number of Hong Kong dollar futures and contracts continue to be sold, and there is a great possibility of crushing the Hong Kong dollar in one fell swoop.

When the exchange rate of the Hong Kong dollar fell to 7 ratios, about to approach the psychological bottom line of the knife ratio, Zuo Jiang was unmoved, Jenny was a little anxious at this time, she thought that it would be easy to break through the boundaries of Nabi if she didn't make a move at this time, and the Hong Kong Monetary Authority was also a little unable to sit still, and asked one after another on the phone, they could not tolerate breaking this bottom line.

Zuo Jiang's answer was very simple, wait a while, let them rest assured, I am looking for the best time to make a move. When the exchange rate dropped to 7 force ratio, Zuo Jiang 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 the acquisition of Hong Kong dollars worth of US dollars in the name of six overseas companies, the exchange rate of the Hong Kong dollar rose by one percentage point, although the exchange rate rose to 7 women's ratio, but this price is still extremely low!

Zuo Jiang did this to give the international speculators with Soros the illusion that the Hong Kong government had come forward to support the market, because they knew very well how much foreign exchange reserves the Hong Kong government had at their disposal, so that they would continue to increase 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 weak, the international speculative groups led by Soros became excited and sold US Treasury bonds in an attempt to collapse the Hong Kong dollar in one fell swoop.

This is what Zuo Jiang wants, the more the international speculative group invests, the more Zuo Jiang will earn, and they must be firmly trapped here, so that he can absorb the maximum benefits.

A new round of attacks was menacing, and 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 force ratios again, when Zuo Jiang once again instructed to buy Hong Kong dollars worth 100 million yuan in the name of six overseas companies. Tian Yiyi smashed into it and the effect was immediate, and the exchange rate immediately rose to the price of 7 qiao.

At this price, Soros will have to 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 out at one time, and he did not expect that the existing foreign exchange reserves in Hong Kong are only more than 100 million US dollars, and they will be smashed into the US dollar within a day, and he analyzes that this is a radical move by the Hong Kong government in order to stabilize people's hearts, and they can't last long! Therefore, Soros did not hesitate to strike again.

A day later, the Hong Kong dollar exchange rate was once again suppressed to a low level, and it is still falling. Zuo Jiang estimated that Soros and those international speculators at least used more than 100 million dollars of funds, if you want the Hong Kong dollar not to fall below the bottom line, it is impossible to continue to hide strength, after urgent consultation with the Hong Kong Monetary Authority, the Hong Kong Monetary Authority announced in a high-profile manner that it is urgent to borrow 100 million US dollars of funds to support the market, and it is not explained which country or bank to lend to, this ambiguous attitude makes it easy to think that it is the central government, but the spokesman of the Ministry of Foreign Affairs also stated: China has consistently adhered to the system of one country, two systems, We absolutely do not interfere in Hong Kong's internal affairs.

Zuo Jiang then ordered to buy the Hong Kong dollar worth $100 million in the spot market again in the name of six overseas companies, and suddenly raised the exchange rate of the Hong Kong dollar to 7,o ratio. This undoubtedly gave Soros a slap in the face, and $400 million 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 the direct intervention of the Chinese government, although he calculates that the Chinese government will not come forward, and his heart is also a little shaken at this time!

Soros immediately used his own information channels to investigate, because most of the Chinese government's foreign exchange reserves are US dollar assets, and with his position in the political power and financial circles in the United States, if there is such a large-scale capital flow, it will not be able to hide from his eyes, but the investigation results show that the Chinese government's foreign exchange reserves have not been used, but unexpectedly obtained a huge amount of money from the Harry Potter Financial Investment Company to enter the Hong Kong market. Urgently tracing the direction of his funds, now this money is lying in the Hong Kong financial market and is not passively used, for a while he is 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, but the amount of funds obtained is limited, and now he is most worried about the huge amount of money from Harry Potter Financial Investment Company, which is like a sword hanging over his head, and if he is cut down, he will not be spared.

Soros must first figure out Zuo Jiang's attitude before he can decide whether to continue to attack. After getting in touch with Jenny urgently, I hope to work together with Harry Potter Financial Investment Company again to impact Hong Kong's financial market. Jenny said that her boss Zuo Jiang is Chinese, and emotionally he does not want and will never participate in the impact on Hong Kong's financial market, and she can only express regret to him on behalf of Zuo Jiang. Under Soros's repeated euphemistic side knocks, Jenny "helplessly" said that her company's funds into Hong Kong were ready to enter the Hong Kong stock market to find opportunities, and would never invest the money in the foreign exchange market.

After Soros got Jenny's tone, he strengthened his confidence, and after urgent negotiations with other international speculators, he raised a large amount of funds to hit the Hong Kong dollar again, in an attempt to defeat the Hong Kong dollar in one fell swoop, because the three-month short-term Hong Kong dollar futures contract in their hands is about to expire, and if they can't break the Hong Kong dollar, they will suffer heavy losses!

The impact of the international investment group on the Hong Kong dollar by Soros again and again has made the Hong Kong authorities tremble, if it were not for Zuo Jiang's help, they would have been defeated long ago, with the advent of a larger-scale attack, their heartstrings collapsed tightly, and they communicated information with Zuo Jiang from time to time, and held their foreign exchange reserves in their hands, ready to rescue at any time!

Zuo Jiang looked like he was in a position to win, and he was not in a hurry or slow, and when the Hong Kong dollar exchange rate was once again suppressed to the point of the blade, he gave the order to make a move, and he smashed into it with a martyrdom. The ferocious attack of the international speculative group was immediately resolved, and the exchange rate of the Hong Kong dollar continued to rise, and finally returned to the high level of 7 injuries.