Chapter 634 Beware of Someone Turning Against Water
As the most well-known international financial city in Asia, Xiangcheng has more foreign exchange reserves than many neighboring Asian countries. It is said that there is so much foreign exchange that attracts the greed of financial giants.
In the eyes of these financial giants, if it were the previous Xiangcheng, they might have to worry about it. After all, the complete collapse of Xiangcheng's financial market will also be a huge loss for many foreign businessmen who have assets in Xiangcheng.
On the other hand, in today's Xiangcheng, the power has been handed over. In this case, the crisis and even collapse of Xiangcheng's financial and stock market can not only demonstrate the strength of their Western capital, but also cause some criticism.
As Mu Shanhe said earlier, although this is only a financial crisis, it is no less than starting a war. Losing this financial defense battle, for many people in the entire Xiangcheng, there may really be a situation of poverty.
But Mu Shanhe also knows in his heart that in order to win such a financial defense war, the wealth that needs to be used is naturally not a small amount. The most important thing is that no one knows what the outcome will be until the last minute.
After receiving a call from his cousin Lin Nianjia and arranging domestic affairs, Mu Shanhe arrived in Xiangcheng late at night without alarming anyone. In order to avoid leaking the news, he didn't even go back to his villa in Bai Jiadao.
After listening to the report of Sun Xuan and others, Mu Shanhe also said calmly: "Just pay attention to the every move of these people, and also order our people to pay close attention to the dynamics of those foreign banks, I am worried that they will turn against the water." ”
"Mu Shao, you mean, they may act as internal ghosts?"
"It's highly likely! Don't forget, behind these banks are not capital conglomerates? ”
With Mu Shanhe's reminder, Sun Xuan and the others didn't say anything more. Leaving Mushanhe's temporary residence, everyone waited quietly. And the day after Mu Shanhe arrived in Xiangcheng, he didn't even leave his residence.
Along the way, several phone calls are in constant contact with trusted allies who have the funds ready to respond to an impending crisis. If you win, everyone will not only have merit, but also make a lot of money.
If they lose, then the result must be clear to these allies. But even so, those who are qualified to participate in this behind-the-scenes financial battle know that the probability of them losing is very small, because they have the backing of their motherland!
When contacting the person in charge of Huayin in Xiangcheng, Mu Shanhe also said directly: "President Liu, you are responsible for the liaison with the Financial Management Bureau." In order to catch these people off guard, they may need to take the lead.
As for my bank, Su Lao and Hong Lao, the funds have been prepared, and they can join the battle at any time. In fact, your bank should also be prepared to face emergencies, after all, we still have opponents in the issue of rights! ”
As soon as these words came out, President Liu was a little shocked and said, "You mean, there is a problem with those two banks?" ”
"I don't rule it out! From what I've learned so far, the funds that have been diving into the stock market have bought a lot of futures contracts. But these contracts are in the market, and we are not aware of them at all.
This means that there must be convenience from the banks behind this. Since these banks dare to do such a thing, do you think they will give a counterattack when they are in a hurry? You know, behind them stands the same capital. ”
As Mu Shanhe expressed his concerns, President Liu said instantly: "Okay, I will pay close attention to this matter and keep communication open at that time." If there is any problem, we will communicate in time. ”
Before the war, all the preparations were completed, and Mu Shanhe also instructed his team of traders to quietly enter the stock market to carry out the corresponding layout. At this time, many shareholders did not realize that the crisis had sprouted.
Sure enough, as the financial giants led by Soros completed the final layout, they also began to spread the news of the imminent depreciation of incense coins in Xiangcheng with the help of those media and wealthy people who were enveloped.
With these news, Xiangcheng's financial management bureau also issued an announcement in a timely manner, bluntly saying that Xiangcheng would keep the exchange rate system unchanged. And Mu Shanhe and other media who stand on the front have also begun to make some positive responses.
Even under the instructions of Mu Shanhe, Lin Nianjia, as the chairman of Shanshen Group, also appeared in the media in a timely manner, announcing that he was optimistic about the future economic development of Xiangcheng, and even promoted some companies to go public in Xiangcheng in the later stage.
As soon as these positive remarks came out, the stock index, which had been somewhat down, stabilized again. Seeing that these tricks didn't work, Soros and the others also said directly: "Start throwing out our short contracts, and consume their foreign exchange reserves first." ”
With Soros's order, a large number of short contracts involving the exchange rate of Xiangyuan were also quickly thrown into the market. The Financial Authority didn't say a word, and said directly: "Give me all their empty finger contracts." ”
Looking at the contracts, they were all eaten by Xiangcheng without hesitation, and the person in charge of trading was also a little surprised: "How dare they be so bold?" Tens of billions of futures contracts, they actually ate them all. ”
"Then keep throwing! Contact our allies and get them out there to spread the word about the depreciation of the incense coin. At this point, we must win this battle, or our losses will be too great. ”
"Okay, BOSS!"
It seemed that seeing the determination of Xiangcheng, Soros and the others were a little surprised, but they didn't feel anything to worry about. After all, this time, the amount of funds they have gathered is also abundant, and they are also full of confidence.
Sure enough, with the depreciation of incense coins, driven by some well-intentioned people, more and more ordinary citizens began to go to the bank to exchange Hong Kong dollars for American knives. Something like this has actually happened before.
In the beginning, all banks in Xiangcheng, under the strict orders of the HKMA, were required to exchange corresponding foreign currency cash for the public. However, with the increase in the number of exchangers, some foreign-funded banks soon announced that they would implement a policy of restricting exchanges.
As soon as this news came out, there was immediately a news circulating in the market, that is, there was a problem with Xiangcheng's foreign exchange reserves. As this rumor spread, the exchange rate of incense coins began to plummet, and Soros and the others were overjoyed.
Upon learning of this news, the Financial Authority was naturally very angry and directly launched the corresponding investigation procedures. The reason is simple: banks that have announced restrictions on foreign exchange should have sufficient foreign exchange reserves.
But why did they suddenly oppose the FMA's directive at this time?
When this news came out, instead of curbing the exchange of foreign currency, the news of insufficient foreign exchange reserves spread more widely. For many people, they are blind and tend to be more nervous when it comes to their own interests.
Knowing this, Mu Shanhe knew that it was time for him to make a move. Although it is not yet the time to fight the bayonet at the end, if it continues like this, it will also make the outside world lose confidence in the future and financial policy of Xiangcheng!
(End of chapter)