As soon as the market opened on Monday, all the employees under Chen Daojun attended the meeting, and they were listed in front of their positions, all with solemn faces, as if they were facing a big enemy.

Because they all know that from the moment the opening bell rings, they will have to fight against international speculators head-on!

The entire trading hall is divided into three areas, led by Chen Dojun, Park Chang-ho and Shin Zhisuke, and the others are either going to trade in person or are nervously studying the trend of each stock to determine the reference for Chen Dojun and the other three at the right time.

In this operation, Chen Daojun used a total of more than 30 channels, and the number of target Hong Kong stocks reached 50, covering various fields such as public utilities, real estate, and finance, and the vast majority of them were index constituent stocks.

The market capitalization of this portfolio accounts for more than 5% of the market capitalization of the entire Hang Seng market.

Mr. Chen's group is responsible for financial stocks, including HSBC Holdings, while Park Chang-ho is responsible for buying shares of major real estate companies, and the rest, including utilities and red chips, is in charge of Shin Zhisuke.

"Knock knock", when the pre-set bell rang, everyone's nerves immediately tensed.

It's time for the call auction in the morning.

The call auction has a total of 30 minutes.

After the volume and opening price are determined, the stocks in the market will enter the stage of buying and selling at will, that is, the free trading session.

To some extent, a call auction can show the trend of a certain stock in a day, or even the movement of the entire market.

In general, if there are more sell orders than buy orders during the call auction stage, it indicates that the market is not good on the day, and if there are more buy orders than sell orders, the market is very likely to improve.

Of course, these are for short-term investors, and for long-term investors and large funds, the information revealed in the call auction stage may not be so accurate.

When the bell rang at 9:30, the originally silent trading hall immediately erupted into a shocking sound, and everyone's hands and feet began to get busy, knocking on the keyboard to check the market, calling the broker to place an order, reporting the market to the person in charge, all kinds of sounds were mixed together, almost overturning the ceiling.

In this case, people's emotions are easily infected, and Chen Daojun is no exception.

Transactions worth HK$78 billion.

He only felt that he was trembling all over, the blood in his body was boiling all at once, his brain was in a state of dizziness because of extreme excitement, and the scenery in front of him was a little erratic.

"Not good!"

Chen Daojun said secretly, and he didn't care about giving instructions to the traders, so he hurriedly walked into the bathroom, picked up cold water and poured it on his head, and it took two minutes before he completely came to his senses.

When I returned to the trading floor, the whole person had returned to a state of sufficient sanity.

Thirty minutes passed quickly, and as expected, their first trade was completed, with 2,000 lots of HSBC Holdings shares spent a total of HK$130 million.

Since there were no pending orders on subsequent buy orders, HSBC Holdings' share price began to gradually decline under the sell-off of speculators, and soon fell below the initial position.

On the other hand, there were also a large number of selling orders on the market of Heung Kong Telecom, and more than 60 selling orders were hung up as many as 20 lots, which suddenly frightened the buyers of Heung Kong Telecom to shrink back.

Wait until these buy orders are either filled, or withdrawn.

Shares of Heung Kong Telecom have fallen 3%.

Except for the number of lots set in the call auction stage, Park Chang-ho and Shin Zhisuke did not make a move easily, and they gathered together after seeing the entire Hong Kong stock index rise again. Let's talk about today's countermeasures.

"Last weekend, international speculators frantically attacked the Hong Kong dollar, reportedly selling 50 billion yuan, although the Xiangjiang government advised banks not to lend funds. And the balance of the banking system is published on a daily basis to reassure the market. But just now, the call rate has been raised by another three percent. It seems that there is another possibility of a downtrend today. ”

Park Chang-ho said worriedly.

As soon as he finished speaking, Shin Zhisuke quickly continued: "The call rate is one aspect, and last week's yen has fallen to 140, and as soon as the yen falls, speculators will have more confidence in shorting the Hong Kong dollar." ”

After the two finished speaking, they glanced at each other, and then said in unison: "I suggest that you stay away from the edge for the time being!" ”

"No!" Chen Daojun categorically vetoed.

"The amount of money I bought today is 2 billion Hong Kong dollars, just to test the reaction of the market, don't ask me why, you will naturally understand after a while! However, the time of the launch needs to be unified, buy half an hour before the market closes, and at the rest of the time, I ask you to pay close attention to the market movements, find out the strategies of the speculators to suppress Hong Kong stocks, so that we can act against them. ”

In the puzzled eyes of the two, Chen Daojun distributed the funds in detail, then returned to the trading table again and continued to observe the situation on the market.

In just a few minutes, HSBC Holdings' share price fell again, and although there was a steady stream of buying orders for small shares, every time the stock price rose to around the initial 185, a 300-lot sell order would emerge and spoke buyers away.

After several times, the buyer realized that the other party had strong financial strength, so he simply did not continue to attack, and began to trade frequently in the range of 185.

Chen Daojun squinted for a while, and suddenly realized that the current frequent transactions are just an illusion, and it is completely a test between buyers and sellers, because once the stock price falls to around 180, there will also be an unknown amount of money to sell here.

Within half an hour of his observation, a rough estimate showed that the buyer had placed no less than 300 lots to sell.

Although some of the shares were spit out at the 183 position, overall, the buyers still ate a lot of shares.

On stocks such as Hang Seng Bank and Bank of East Asia, trading seems to be a lot flat, basically there are a lot of orders at every price, but the number is very small, ranging from a few lots to dozens of lots, and basically the emergence of the main funds is not visible.

In this way, until the noon auction, both buyers and sellers maintained a certain degree of restraint, which also made the performance of the market unsatisfactory, only a slight drop of 5 points, showing an almost straight K-line.

At noon, the three met again and exchanged opinions, all of whom expressed their confusion about the market.

Logically speaking, because of the rise in the call rate, Hong Kong stocks have fallen in response to the usual practice, but so far, there has been no expected situation, if this is very reasonable, I am afraid that none of the three agreed.

But what is the reason why the speculators have not yet made a move, and the three of them are not clear.

So, after they met, they decided to continue observing.

After the end of the afternoon call auction session, there was a sudden sharp fluctuation in the Hong Kong stock futures index, and a series of buying orders suddenly appeared on the long side of the futures index, and the bears seemed to be unprepared for this, and suddenly lost the 7082 point mark.

After breaking through this barrier, the buying did not stop at all, and continued to attack, breaking through 7093 points almost in a few minutes, and the momentum was so strong that it soon broke through 7100 points again, and even showed signs of going up to 7150 points in one fell swoop.

In terms of Hong Kong stocks, due to the good news from the Hang Seng Index market, investors believe that the bulls are exerting force.

This signal immediately ignited their enthusiasm for buying, and for a while, in the financial, real estate, service and other sectors, the purchased funds sprung up like mushrooms after a rain, and the trading volume was instantly enlarged.

Driven by this buying wave, the Hang Seng Index also continued to rise, and together with the futures index, it soon approached 7,200 points.

Within half an hour, the increase of nearly 100 points did not attract Chen Daojun's attention.

In fact, even though they could see the numbers on the huge display screen when they looked up, few of them had the heart to look at the numbers that turned red and green, and they were all looking down and quietly observing the plate they were responsible for.

"That's not right!" Chen Daojun glanced at the performance of several heavyweight stocks such as HSBC Holdings, Heung Kong Telecom, and Changhe Industrial.

When he saw the futures index buy at the 7150 position suddenly disappeared without a trace, he immediately realized that the situation did not seem to be consistent with the performance of the market, and then he shouted loudly, "Everyone, pay attention, there may be a wave of falling market soon, stay careful, and listen to my instructions at any time!" ”

The increase of 100 is simply not worth mentioning for the Hong Kong stock market, which is known for its "roller coaster".

However, precisely because of the "roller coaster" characteristics of Hong Kong stocks, most investors are not clear whether this kind of rise is the main capital of the ultra-short-term or the prelude to a large-scale upward offensive.

As the so-called "wealth and danger are sought", many funds that rely on ultra-short-term profits immediately rushed in desperately when they saw that the originally calm Hang Seng Index suddenly had similar fluctuations, intending to buy the bottom before this rebound.

But how could they have expected that this is just a trick played by international speculators to "lure the snake out of the hole".

Chen Daojun also suddenly found in the list of the buy column of Hang Seng Index futures that the bulls who were still menacing just now suddenly disappeared without a trace.

In the buy column, there are piles of pending orders ranging from a few lots to dozens of lots, and the pending orders that used to be hundreds of hands disappeared out of thin air, but the trading volume was not enlarged, and it was obviously withdrawn rather than filled.

At the next moment when the index of the Hong Kong stock spot market rushed to 7160, the sell column of the Hang Seng Index futures suddenly hung out an astonishing number of sell orders, first a large sell order with a lot of up to 500 and the index set at 7162, and then several large sell orders at the same price, in less than half a minute, up to 1725 sell orders were piled up at the position of 7150.

Correspondingly, in the buy column, there are only 486 lots of buys, which cannot compete with it at all.

The market outlook is still bearish!

Almost at the same time as the Hang Seng Index futures turned around, on several heavy stocks that can affect the performance of the Hang Seng Index.

Invariably, there were large selling orders, and the pending buy orders were instantly swallowed up by the tide of selling orders, and then the share price of HSBC Holdings fell all the way down, falling below the 175 and 170 levels one after another, until the 168 position slowed down the decline slightly.

In heavy stocks such as Sun Hung Kai and Changhe Industrial, a similar situation has also occurred.

Although it did not fall for a thousand miles, all the funds that chased the rise just now were drowned in this falling frenzy, and there was not even a wave.

Just in the high position was deeply trapped.

Under the influence of the poor performance of several heavy stocks, the Hang Seng Index also fell all the way, falling 200 points in half an hour, and came to this integer point position again after falling below 7,000 points the day before.

"It's really dangerous!"

Wiped the beads of sweat from his forehead.

Shin no suke walked up to Chen Daojun.

He said with a sigh of relief. "Boss, according to your judgment, what was the situation just now? It dropped nearly 200 points in an instant, and more than five stocks on my side turned green and red almost at the same time, which almost scared my heart out of the way. ”

Although Shinnosuke is very talented in the stock market, he has also experienced the stock market crash in the Toei year and the heavy fall in the Nikkei index last year.

But after entering Chen Daojun's funds, he spent most of his time waiting, so he couldn't help but feel a little worse.

There is very little short-term trading like today, so it's no surprise that Shinnosuke showed this kind of "fuss".

"It should be the speculators who are testing the depth of the strength of the protective plate, I personally think!"

Chen Daojun's brows furrowed high, and he said thoughtfully, "7,000 points will be a pass, and neither side can afford to lose, now it depends on who has more financial strength among them." ”

Between the words, the long and short sides launched a fierce battle in the Hong Kong equity heavy stocks, Hang Seng Index futures and other markets.

At the moment when the Hang Seng Index was fixed at 7,000 points, a large number of buying orders suddenly appeared, and the decline was stabilized.

In the futures market, a single largest buy order of up to 2,000 lots has also emerged at the 7,000 level, hanging there brightly, as if to tell the bears that if they want to continue to suppress the index, they must be crushed from it.

The news of the large pallet orders on the futures index immediately spread throughout the market, and under the excitement of this news, investors who were frightened by the plunge just now began to regain some confidence, while those who were more courageous tried to buy a small number of stocks, trying to pull down their average price, or preparing to grab a rebound.

"Shouldn't we make a move?"

Just when the two sides were at a stalemate, Park Chang-ho, who was not far away, shouted: "Now that we are entering the market, we are just helping the bulls, and it seems that the bears can only do this." ”

"No hurry!" Chen Daojun waved his hand and signaled Park Chang-ho not to jump to conclusions too hastily:

"According to the bears' offensive just now, it shouldn't be so strong, I always feel that this is the bears testing to see what the opponent's strength is! We are rushing in now, and we may let both sides perceive that something is wrong. ”

Park Chang-ho didn't agree immediately, and after thinking about it, he nodded towards Chen Daojun.

"Here, here!" As soon as Chen Daojun's words fell, a trader stood up and shouted loudly: "Red chips are rising instead of falling, and they are green across the board, which should be their performance in pulling up the market." ”

"Really?" Chen Daojun hurriedly leaned down and switched the disk to red chips, only to find that among the dozens of red chips, basically all of them were green.

In particular, large-cap stocks such as the telecommunications sector are dominant, and the buying side is full of large orders, while the selling side is much inferior.

As a result, among the many red sectors, red chips stand out and become one of the few bright spots in the market.

It's a pity that red chips are not very liquid because the market is too large.

Therefore, even if there is a rising performance, the overall support for the market is not obvious, so Chen Daojun and others ignore their performance.

A few minutes ago, just as the Hang Seng Index broke through 7,000 points.

"Buy with all your might, and the futures index will also give me the next step, I must hold 7,000 points today!"

In the midst of a sigh, Chen Daojun's loud voice sounded suddenly, and he finally made a move: "Sweep up the weighted stocks for me, only buy but not sell, swallow them all!" The futures index also resisted me, and I must guard 7000 points! All index stocks, give me three price increases, no, five price points! ”

After a busy day for a long time, and finally waiting for the trading order, the traders did not care about the regret of the performance of the market just now, and quickly invested in buying. For a while, the entire trading floor was buzzing with people again, and the broker's phone rang one after another.

"HSBC Holdings real-time price? 173 yuan? Buy! Clear me all the goods under 175! Right! I'm going to do it all! ”

"Don't ask how much, how much you want! Hurry up and put an order on me! ”

……

Just when everyone was all invested in the wave of buying Hong Kong stocks, Chen Daojun was also nervously looking at the numbers of Hang Seng Index futures, directing traders to place orders.

"6970, 100 lots, buy! Yes, yes! ”

"6996, 200 lots, buy, give me a top!"

"Below 7,000 points, don't ask how many there are, give me all to eat, and the index will rebound immediately!"

Soon, there was a large-scale buying of Hong Kong stocks, which made the index start to recover after falling to 6970, and the magnitude was very fast.

It regained its footing at the 7,000-point mark in almost ten minutes.

At the same time, the funds that emerged on Hong Kong stocks and Hang Seng Index futures caught the bears off guard, due to insufficient preparation in advance, coupled with doubts about the intentions of the bulls, so that the main force of the bears did not organize an effective counterattack, and watched the Hang Seng Index return to 7100 points again.

Subsequently, there was not much trading time left for the long and short sides, and the trading of the whole market gradually entered the garbage time, and finally the Hong Kong stock index closed at 7134 points, with a slight increase throughout the day, which was basically a dull day.

When the closing bell rang, Chen Daojun took a breath and ordered the traders to withdraw the pending orders that were not filled, and asked Park Changhao: "How much?" ”

"HK$2.36 billion!"

Park Changhao said expressionlessly, then the corners of his mouth twitched slightly, and he said: "The situation is not bad, today's trading volume is not very large, and the determination of the bears is not very obvious, so we can use such a little capital to achieve such an effect." ”

"2.36 billion? That's more than 300 million US dollars, which is really okay! ”

Chen Daojun nodded noncommittally, then let out a long sigh and said, "This is the beginning!" ”

He knows that once Soros and them have tested the reality of the truth, the battle behind them will not be so simple, although he has nearly two billion US dollars, but in front of hundreds of billions of international speculators, it is tantamount to using a mantis arm as a car.

Now it's up to Soros when they're ready to make a move.

He is like a vanguard general when the two armies are fighting, although he can't talk about killing each other, but what should be done has been done.

……

Soros, who was far away on the other side of the ocean, also smiled and said, "This is the real beginning!" ”

Robertson, who was beside him, nodded approvingly and said: "The bulls are indeed more cunning than we imagined, but we have sold tens of billions of Hong Kong dollars in the currency market, and I believe that tomorrow the Hong Kong dollar lending rate will soar sharply, and then they will really realize our power." ”

"Hahahaha, let's make those guys happy today, and tomorrow I hope they can laugh again."

On the evening of the 15th, as soon as the European and American trading hours opened, the trend of selling Hong Kong dollars in the markets of London and New York was set off again.

Led by the Quantum Fund, the speculators once again pushed the exchange rate of the Hong Kong dollar to 7.75, but the HKMA soon launched a counterattack, and the two sides fought back and forth, and the exchange rate of the Hong Kong dollar once jumped to 7.7435 per US dollar, but the speculators once again stubbornly forced the Hong Kong dollar back to the level of 7.7382, and the two sides shook hands here.

Originally, because there were two days apart, the cost of speculators' positions increased, so the Hong Kong dollar opened at 7.7411, which was a significant increase compared to the previous trading day.

The HKMA also planned to use this opportunity to snipe at the speculators, but the tenacious speculators did not stop there, but instead showed an undying posture, which completely failed the HKMA's wishful thinking.

On this day, speculators threw a total of about 45 billion Hong Kong dollars, and the trading volume was refreshed again.

Since the beginning of August, speculators have sold hundreds of billions of Hong Kong dollars from the market, depleting nearly $20 billion of the HKMA's US dollar reserves.

But both the offensive and defensive sides know that this is only the beginning if they want to break down the Hong Kong dollar system.

So far, speculators have only used up to 25% of the foreign exchange reserves of the Hong Kong government, and most of the remaining half are still sitting firmly in the HKMA's accounts.

Although the money market is still stable and standing, the capital market's response to this has been very different, and as soon as the market opened on the 16th, the call rate soared by 5%, reaching an astonishing 15% annualized.

The bank balances published by the HKMA show.

In the past day, liquidity in the entire financial system has been reduced by HK$72 billion, and despite the HKMA's commitment to inject funds to increase liquidity, the market as a whole remains shrouded in pessimism.

The bearish attack is coming, and the stock market is under pressure.

Although yesterday's market can only be regarded as a small fight, but today in the face of two days of negative news, the Hang Seng Index fell 9 points at the opening, and then the stock market fell all the way, which is like a bamboo.

Seeing that there was nothing to do, in this situation, Chen Daojun strictly ordered Xin Zhizhu to help them stay still.

There was no bulls' stop, and the index soon fell below 7,000 points.

After breaking through the integer point, the index still couldn't stop the downward momentum, continued to go down frantically, and then fell below 6900 points, 6800 points, and finally encountered a strong sniper at 6720 points, although it once fell to 6700 points in the intraday.

However, under the stubborn sniping of the bulls, they finally reluctantly gave up a little and closed at 6775 points.

"Fell by 224 points throughout the day, a decrease of 3,26%."

Park Changhao calmly reported a bunch of figures, and said worriedly: "It's not okay to go on like this, our more than 2 billion will be trapped." ”

"yes!" Xin Zhisuke also hurriedly echoed: "They have too much money, as long as there is a little wind and grass on the outside, we will be in a deep quagmire." ”

After finishing speaking, he was still a little unsatisfied, snapped his fingers, and said, "Do you know how many rumors there are today?" Not to mention anything else, there are several rumors about the heavyweight HSBC alone, some say that their bad capital seriously exceeds the warning line, and there are even rumors that HSBC in North America has suffered significant losses in investment, and every rumor is a nose and an eye, and it is difficult for people to distinguish between true and false. ”

"There are also various news in the real estate industry, today there is a rumor that the Hong Kong government will reduce government spending, as soon as the news came out, the stocks of MTR and Sun Hung Kai immediately fell by more than five percentage points, directly dragging down the entire real estate sector!"

Park Chang-ho also added in due course that the real estate sector he is responsible for has fallen the most among all Hong Kong stocks today, falling by more than 6%.

"It's much more than that!"

Chen Daojun sighed and said worriedly: "These can still be clarified, as long as the party or the company makes an announcement, the stock price will rise, and the biggest question now is, will the Huaxia currency depreciate?" If it depreciates, what will the magnitude look like? This is the most important factor dragging down the entire Hong Kong stocks. ”

At present, the general view of the market is that under the premise that the currencies of the entire Southeast Asian region have depreciated, it is difficult for the Huaxia currency to guarantee the current currency value.

Because the pressure from international trade will make the goods from China lack competitiveness, and China, which drives economic growth with foreign trade exports, urgently needs an increase in export quotas, it is difficult to ensure that the value of the Chinese currency will continue to be stable.

There are even economists from investment banks who have suggested that the value of the Chinese currency should be devalued by 5% to 15%, which would be a reasonable price.

In the relevant research report, the investment bank gave the economic growth rate of China in the first two quarters, and the obvious slowdown hit the attention of every investor.

In the report, these economists who speculated about the depreciation of the Chinese currency wrote:

“…… If you choose to depreciate at this time, it can stimulate the development of the foreign trade industry, enhance its competitiveness, and continue to drive economic growth. Second, it can effectively stop the outflow of funds and ensure the confidence of foreign investors......"

Of course, in addition to the call for the depreciation of the Chinese currency.

There is another voice, that is, the Huaxia currency will not depreciate.

Some economists have mentioned that currency depreciation will fall into a vicious circle of competition for depreciation, and once it falls into this vicious circle, the prices of exported products will only get lower and lower.

And if an importing country starts a trade war, the consequences will be catastrophic, not only will it not boost economic growth, but it will also have a major impact on export industries.

Bankruptcies, unemployment, deflation and other problems will ensue.

Not to mention the impact on the overall situation, the Xiangjiang market alone will have a huge impact on whether the Huaxia currency will eventually depreciate.

This impact is not only on the companies listed in Hong Kong, but also on the Hong Kong dollar and even the entire Hong Kong economy.

This is also one of the important reasons why, in the past few months, the Hong Kong stock market has been sluggish.

After quickly going through these points in his head, Park Changhao sighed and said: "Now there is another point of view in the market, that is, 'Hong Kong dollar M yuan', cancel the issuance of Hong Kong dollars, and exchange all the currency in circulation for US dollars, because if this is the case, there is no reason for international speculators to attack Xiangjiang, hey, it is really speechless!" ”

"Dollarization of the Hong Kong dollar?" Chen Daojun chuckled lightly and said disdainfully:

"Give up the power to issue coins? This is simply a ridiculous joke. Seigniorage falls into someone else's hands, and no country in the world does that! ”

"You're right!"

Chen Daojun nodded, and then explained: "I'm just making an analogy, now there are various opinions in the market, and it is difficult to distinguish between true and false, but they all affect the decision-making of investors to a certain extent, so this point can also be used by us, and we can also release news that is beneficial to us!" ”

"We?" Park Chang-ho and Shin Nosuke's expressions were stunned, and after a while, Park Chang-ho's face showed a thoughtful expression.

The TV on the wall is playing a financial program, and a well-known expert is sitting there in a suit and leather shoes, being interviewed by the host, seemingly explaining today's stock market situation in a straightforward manner.

Although Liu Dawei is well-known in the financial circle, this fame is limited to a certain circle. Relative to the overall situation, his role is extremely limited.

After all, this time is different from the past, and many people have no bottom in their hearts if they want to play against international speculators.

Although in the past two days, Liu Dawei has trumpeted on TV that Hong Kong stocks have bottomed out, but the two consecutive days of decline have seriously damaged his creditworthiness.

So if you want to use him to distribute news and affect the overall situation, in Shin Nosuke's opinion, it is a bit of a fool's dream.

Park Chang Ho didn't speak, looked at Liu Dawei on TV, and then at Chen Daojun with a confident face, and suddenly he seemed to realize something.

A pair of eyes constantly shifting between the two scenes, not knowing what they were thinking.

"Not bad!"

Looking at Xin Zhisuke in disbelief, Chen Daojun smiled disapprehantly:

"Hong Kong stocks fell so hard today, and there should be a small rebound tomorrow. But I won't tell you my specific plans until the news I am waiting for comes, so you can wait and see, it will definitely surprise you! ”

"I hope so!" Shinnosuke muttered dissatisfiedly, and then reminded:

"Today we spent another 800 million funds, although so far, we have only used less than half of the funds, but if this momentum continues, it is possible for Hong Kong stocks to fall to 5,000 points, boss, you have to be mentally prepared."

Xin Zhizhu felt very sorry for the money, and hinted at Chen Daojun sideways.

"In addition, if the Hong Kong dollar really can't be kept, even we will suffer at that time!"

After thinking about it, Shinnosuke added.

Chen Daojun didn't speak, just frowned and looked at Xin Zhisuke, and suddenly a thought couldn't stop popping up from his mind: "This guy really thinks about himself everywhere, but it's a pity that he doesn't know the general trend!" ”

He hoped that the Xiangjiang Mansion would see it as soon as possible, so as not to waste financial resources.

But the market does not develop according to people's wishes.

On August 16, after a slight reversal of the rise, on the 17th, due to the decline in European and American stock markets, coupled with the previous day's rebound was not satisfactory, the call rate remained high and other factors, the Hang Seng Index fell again.

The opening price was 6830 points, and there was a slight correction during the session, but it was soon enveloped by pessimism, and investors almost lost confidence and rushed to sell their stocks first.

During the session, the Hang Seng Index once fell to 6486 points, but with the support of several funds, the Hang Seng Index barely rose to 6610 points, falling more than 200 points throughout the day, and the decline expanded.

So far, the Hang Seng Index has fallen from the highest point of 16,820 points in 97 years to 6,610 points today, a full drop of more than 10,200 points, a decline of more than 60%, a new low since 1995.

What kind of concept is this?

For example, a stock bought for 10 yuan fell by 4 yuan!

Then even if the fund's decision-makers bought the corresponding shares in '95.

If dividends and dividends are not counted, then so far, he is still losing money on his books. This also means that in the past three years, his investment performance has been negative and completely failed!

And for those investors who do not strictly follow the index ratio to buy stocks, no matter whether you enter the market from 7,000 points, 8,000 points, or 10,000 points, how complex and changeable the capital allocation is, until this day.

The stocks they hold are all loss-making.

And the higher the number of points to enter the market.

The more you lose, the more you lose.

The performance of the entire stock market has plummeted to more than 60%, not to mention individual stocks.

There are even some stocks that have gone straight into the ranks of penny stocks because of their poor performance, and have completely become junk stocks.

Along with the decline in the stock market, there is also the real estate industry.

Due to the fall in house prices. It made many people go bankrupt overnight.

From a rich man to a "loser".

The market is full of properties for free transfer, and the news of someone jumping on TV from time to time is a constant reminder of how bad the economic environment is today.

But the strange thing is that the speculators are not in a hurry, and they do not entangle with them more in Hong Kong stocks at all.

It's just a blunt knife to cut the flesh and slowly suppress the stock market.

On the evening of August 17, until this time, Xiangjiang Government finally understood that the foreign exchange market was nothing more than a smoke bomb, and the stock market and futures market were the main battlefields.

As a result, the Xiangjiang Government resolutely decided to intervene in the market with a huge amount of exchange funds and land funds to fight to the death against international speculators led by Soros.

Before deciding to enter the market, the boss of Xiangjiang Mansion stood by the floor-to-ceiling window and cried quietly two or three times in the night, feeling deeply stressed.

For this reason, he found Huo Lao, Lao Li, and Cao Biao to come over, trying to find confidence from their mouths.

After discussing with them and deciding to enter the market, the boss was ready to fight with the national speculators.

So on August 18-24, in the face of the attack of international speculators, Xiangjiang began to change the previous passive situation and has been raising interest rates to respond.

In short, it is to eat the Hong Kong dollar at a low price from the foreign exchange market, and when the speculators are shocked and adjusted, they use the financial funds to eat all the money to stabilize the exchange rate at 7.75, and at the same time change hands and deposit it in the bank, which also stabilizes the interest rate.

In this response, speculators will have no chance to take advantage of it, and they will have to pay the interest on the loan.

As a result, the Hang Seng Index has been pushed up from 6,610 points before Xiangjiang Mansion entered the market to 7,420 points, and the war between international speculators and Xiangjiang Mansion has entered a white-hot situation in the past few days.

"Today?"

In Manhattan, New York, in the office of the Quantum Fund, Robertson is having a final conversation with Soros before the market opens.

"Yes, it's today!"

Soros nodded, a smug smile on his face: "Look, Wall Street Journal, everyone will read this report!" ”

It's part of his plan.

"Okay!" Robertson nodded noncommittally, and after thinking about it, he asked:

"George, your article will definitely attract the attention of the whole world, and when the time comes, not only the Da Mao market, but also the local market in Europe and Country M will be affected, the question is, is it really necessary for us to risk offending Da Mao to publish this article? You know, even if you don't appeal, the ruble won't last long! ”

"No, it's just my ploy, you're ignoring another market!"

Soros knocked on the table and reminded proudly: "Although we can take the opportunity to make something, but don't forget that our real battlefield is in Xiangjiang, and Xiangjiang's stock market has fallen again today, and it has fallen to the lowest level in the past three years, so we have to take advantage of this time to give them another heavy blow and completely defeat them!" ”

As he spoke, Soros made a fist swing.

Although the posture is not standard, it is enough to express what he means.

"Haha, you're still as motivated as you were when you were 30!"

Robertson was taken aback when he heard what he meant, that the real decisive battle was about to start today and tomorrow, and he tried to lean back in his chair to suppress his slightly trembling body, and then quickly smiled casually.

"Well, tomorrow, we won't get together again, I have explained to everyone else, I have a total of 27 billion US dollars on my side, some of which have added leverage, plus your 4 billion, we have more than 30 billion US dollars in bullets."

This kind of capital is enough to give a fatal blow to the crumbling Hong Kong stocks, thinking of this, he stood up and waved his hand at Robertson: "Man, after this vote, our net worth will double again|!" ”

After seeing him confidently leave his office, Soros sat down again.

He glanced at the news report about Xiangjiang again, picked up a cigar, lit the newspaper, and muttered, "Sorry, this time!" I'm sure I've won! ”

……

Following.

In the "Wall Street Journal" published on the 28th, an article written by Soros himself on the economic situation of Da Mao was published.

In the article, Soros strongly called on the head of Da Mao to face up to his economic problems and take positive and effective measures to solve the current problems.

In the article, he gives the solution: the ruble should be devalued by 15-25%.

The news immediately shook the entire market, and the New York stock market fell in response, with the Dow Jones Industrial Average falling from 9,580 points at the opening to 9,423 at the close, down 147 points, or 1.53%, for the day.

The Financial Times index in London fell from 5,342 points to 5,271, down 71 points, or 1.32%.

And these are just the beginning, the market in Xiangjiang has not yet opened!

"Did you see that? Did you see that? Is this the news you're waiting for? ”

In the middle of the night, in the dead of night, everyone was asleep.

At this moment, the phone in Chen Daojun's room rang loudly.

The sleepy-eyed Chen Daojun muttered a few words dissatisfiedly and turned on the lamp.

After looking at the time, at three o'clock in the evening, he picked up the phone next to the bed, and before he could say his greeting, he heard a machine-gun-like questioning voice from the microphone.

"Huo Lao, what time is it? You wake up so early? What's going on? I don't know anything! ”

Chen Daojun froze down, and when he heard that the person on the other side was Huo Laohou, he couldn't help but smile bitterly, and complained a few words by the way.

"It's all burning eyebrows, but I made a guarantee, where can I sleep?"

Huo Lao on the other end of the phone was stunned for a moment, and after hearing Chen Daojun's vague words, a wave of helplessness suddenly appeared in his heart:

"Chen Sheng, don't you know? Soros published an article in the "Wall Street Journal", directly targeting Da Mao, European and American stock markets fell because of his statement, and after dawn, Hong Kong stocks are bound to be under pressure again, this is not a joke! ”

"Is it finally here?"

Chen Daojun muttered to himself, and then immediately woke up completely from his hazy state.

After a stirring spirit, he quickly rolled over and said excitedly, "Here we are!" It's finally here! ”

Because he was so excited, even his voice trembled a little unconsciously.

"Coming? What's coming? ”

Huo Lao didn't react for a while, and still complained to himself: "The news analyzed by the HKMA is that the most serious market has not yet arrived...... Wait, wait, this ...... That's what you're talking about important information? ”

"Not bad!"

Chen Daojun hurriedly replied while putting on his clothes: "The opportunity for the Jedi to fight back has finally come!" The signal I've been waiting for has finally come, and from tomorrow, oh no, from today, we can openly declare war on international speculators! ”

"What?"

Huo Lao was very stunned, and he didn't speak for a long time, and after a while.

He sighed and said heavily: "Chen Sheng, I now believe in your judgment, and I also believe in your determination and ability, but our funds are limited, and confidence is more important than gold, do you really know what the news released by Soros means to the international financial market, and if it falls again, can shareholders withstand the pressure?" ”

"Soros is just a person, don't mythologize him too much, it's okay to use his mouth to interfere with the European and American markets, Xiangjiang is a land, and the dragon crossing the river has to be coiled, and he can't be allowed to be rampant!"

Chen Daojun's categorical words made Huo Lao kindle a glimmer of hope: "Could it be that you have laid out something that you can't do?" ”

"Of course!"

At this time, Chen Daojun had already finished dressing: "Don't worry, whether it is country M or Europe, it will not allow the news to spread, today I am ready to attack in a big way, no matter what the cost is, I will hold up the Hang Seng Index!" ”

"At the same time, the news of the rescue of the city in Xiangjiang Province, I hope you can help coordinate, tomorrow is the time to finish the battle, don't leave your hands behind!"

"No problem!"

Huo Lao nodded heavily, and solemnly promised: "In addition, whether you have enough funds there, I am still a little thin on the HSBC side, and I can exchange a large amount of funds, and I can be ready to enter the market to rescue the market at any time." ”

"HSBC? Let's take care of ourselves first! ”

Regarding his statement, Chen Daojun snorted: "Tomorrow they will definitely cooperate with Soros's painting and increase the intensity of the attack, as long as the stability of the Hong Kong dollar market is ensured, the stock and futures markets will no longer be a problem." ”

After hanging up the phone, Chen Daojun decisively contacted Robertson.

About twenty minutes later, a smile appeared on the corner of Chen Daojun's mouth.

Soros must have never imagined that his meticulous plan would break down on a crucial matter.

You will win!

In that case, how could Chen Daojun be willing to let HSBC's funds get involved?

You must know that these stocks bought at a low price, when the limelight passes, are nine out of ten profitable.

In this case, how can he give up a piece of the pie?

On August 28, 1998, for the delivery period of stock index futures, Xiangjiang Mansion and international speculators finally ushered in a decisive battle!

(End of chapter)