Chapter 39: The First Bailout

"I'll talk about it when I get back." Liu Jianping was a little absent-minded and didn't know what he was thinking.

"Hehe, in fact, you don't have to worry at all, what you need to do now is to stabilize the market sentiment." Chen Weidong said lightly.

"Oh? Do you have anything to rely on? Liu Jianping's eyes lit up.

"If I can, I hope to spit out all the profits from international travel in Southeast Asia." The corners of Chen Weidong's mouth slightly curled.

Just sniping Soros and his friends is definitely not Chen Weidong's ultimate goal, his appetite is even greater, so much so that people will definitely be considered crazy when he says it......

"Just you? Young people, the idea is good, but also take into account the course of history. Liu Jianping glanced at Chen Weidong strangely, and mocked mercilessly.

The fight in the financial market is no joke, and it can lead to the loss of money, the bankruptcy of enterprises, and the regression of the economy.

When Chen Weidong saw the old man's appearance, he didn't explain too much.

After all, the fewer people know about this kind of thing, the greater the benefit......

......

Mid-January 1998.

Eight major foreign-funded institutions, led by Soros, continue to collect economic data on Hong Kong for analysis.

While they were actively depositing margins, they were hoarding Hong Kong dollars.

At the same time, it did not forget to spread the news of the imminent depreciation of the Hong Kong dollar in the market.

The Hong Kong dollar exchange rate has been hit hard!

The Hong Kong government hurriedly stood up and repeatedly reiterated in public that it would resolutely defend the linked exchange rate and boost the market's confidence.

On the same day, the Hong Kong dollar exchange rate rebounded rapidly.

It's a pity that a few days later, the news of the sharp depreciation of the Indonesian rupiah came out again, and the Hong Kong dollar exchange rate was once again attacked by international funds!

Affected by the negative impact of the over-the-counter, the pessimism of the stock market is also spreading rapidly.

Everywhere there were frightened birds, and a large amount of money was withdrawn, causing the Hang Seng Index to plummet for four consecutive days.

Soon it fell from the 10,500-point level to the support level of 8,052 points.

Almost everyone believes that 8,000 points will be broken.

Therefore, for the sake of insurance, countless shareholders decided to sell their stocks at the opening, and cash is king.

Friday morning 19th, 9:30 a.m.

The Hong Kong stock market fell sharply at the open!

The tick line keeps going down.

On the big screen of the exchange, the index kept beating, and every flicker meant that countless wealth was evaporated, and millions of shareholders wailed, exacerbating the panic.

It is about to fall below 8,000 points.

That's when it happened.

A strange scene has appeared!

The Hang Seng Index suddenly stuck at 8,000 points, motionless.

This anomaly once made many investors think that the monitor was broken, or that there was a problem with the network.

Even the shareholders in the securities trading hall stared blankly at the quotation wall, staring intently.

Maybe the next beat, the index will start with 7......

After about a dozen seconds, the numbers on the display finally moved!

8006.

Big red letters appeared on the screen, and many people's eyelids jumped!

I haven't had time to catch my breath yet.

8053.

8077.

8119.

8262.

....

In just one minute, the Hang Seng Index soared by 300 points!

There was an uproar on the exchange!

Careful investors immediately discovered that a mysterious fund suddenly appeared in the market, and they were frantically buying Yellow River Group, HSBC Holdings, Xiangjiang Electric Light, Polaris.... and so on, first-line blue chips.

This move made many wait-and-see investors mistakenly think that the Hong Kong government came to the rescue!

Sure enough, the above will not let the stock market plummet!

"Hurry up and get to the bottom!"

As a result, the market enthusiasm that had been suppressed for several days was instantly stimulated!

Countless buying orders poured into the bottom!

The Hang Seng Index has also been pushed higher.

By the end of the day, the Hang Seng Index closed at 8,776 points.

Up to 8%!

Set a record for the largest increase on the day in 20-year history!

Countless Xiangjiang citizens cheered, and some even called it "Great Miracle Day"!

......

There was jubilation outside, but there was a sad face inside.

Hong Kong, Monetary Authority.

"Check it out! Who is buying so big? A middle-aged man in a black suit asked with a serious expression.

The stock market suddenly soared today, causing the outside world to mistakenly believe that the Hong Kong government entered the market, triggering a bottom-buying storm.

And that's not the biggest problem.

At that time, the Federal Reserve executive, Greens Penn publicly criticized it, saying: The Hong Kong government's behavior is interfering in the free market, which is extremely irrational, and this move will damage the image of the free market in Hong Kong, and foreign capital may accelerate the withdrawal of Hong Kong...

"Mr. Liang, I just asked the Stock Exchange, a private equity fund called Infinity is buying blue chips on a large scale." A young man replied quickly.

"Infinity? Why does this name sound familiar? Liang Zhaomin muttered.

"It's the same company that used to hold stock trading contests." A slightly chubby middle-aged man next to him said slowly.

"I remember, but do they have so much money?" Liang Zhaomin was a little puzzled.

You must know that today alone, the trading volume of the stock market has reached more than 40 billion, and it will cost at least more than 7 billion to pull the Hang Seng Index to infinity.

"Hehe, it is said that this fund has shares of Lin Jiacheng's son." The slightly chubby middle-aged man explained with a smile.

The reason why he knows so much is entirely because the results of infinity are too eye-catching.

Annualized rate of return 267%!

Firmly occupy the first position in the private equity rankings.

I really can't pay attention to it.

After in-depth understanding, I naturally found out Lin Zeju's shareholdings, which can't help but remind people of Lin Jiacheng, the richest man in Xiangjiang......

"However, I have been in contact with Mr. Lin, and with his character, he will never buy the bottom now." Liang Zhaomin frowned.

A large number of economic analysis reports from the outside world say that the real estate and stock market bubbles in Xiangjiang are too big.

In addition, the slightest panic can cause the index to fall sharply.

In this case, it is obvious that it is far from the "bottom".

Many people, including the HKMA, believe that there is still a lot of room for the stock market to fall, so how can a figure like Lam Ka-shing not see through it?

"Well, who knows, they didn't break the law, they just bought some more stocks." The chubby middle-aged man smiled bitterly.

In his opinion, there is a high probability that this fund will be trapped when it is bought now, and it will inevitably lose a lot at that time.

Liang Zhaomin can't manage so much, and the most important thing is to maintain the international image of the Hong Kong financial market.

He immediately ordered: "Let's clarify to the outside world, let's just say that we are not intervening in the market, all this is a free choice of the market." ”

......

In the evening, a number of news media in Xiangjiang published the news.

Countless shareholders were silent, and they couldn't believe that the rebound during the day was not from the Hong Kong government!

If that's the case, wouldn't the stock market be more variable on Monday?

The small flames that had just been lit in the market were ruthlessly extinguished.

Immediately after that, there was gossip that a private equity fund called "Infinity" dominated the skyrocketing of the Hang Seng Index today.

As soon as the news came out, the market was mixed.

Some people say that in the case of countless financial institutions following the trend and smashing the market, only "infinity" entered the market to save the market, which is definitely a commendable company with courage and conscience.

Most of the people who hold this view are retail investors, and they have basically participated in the stock trading competition, so they still have a great impression of "infinity".

However, most financial institutions secretly laugh or even disdain in private.

I feel that it is stupid and extremely irrational to take the bottom at this point.