The sick financial team lives in Hong Kong, and some of them are Si and others, who analyze their trends. Therefore, they are very familiar with the trends of Soros and others, whether in the Thai financial storm or the current process of Soros sniping the Hong Kong dollar.

Now that the international leader of Soros is attacking the Hong Kong dollar in a crazy way, the profit method is naturally still on the Hang Seng Index. Therefore, after Fan Wubing proposed the idea of ​​shorting the Hang Seng Index in advance, they began to establish three-month to six-month short contracts on a large scale and began to accumulate combat power.

The Monetary Authority is very puzzled by Fan Wubing's short-selling behavior, but since Fan Wubing has provided 20 billion US dollars in foreign exchange reserve assistance to the SAR at this time, it is hard to say anything. After all, the local people in Hong Kong who are at stake provide far less help than these. When these people are not suffering from severe pain, they are unwilling to give up a penny to benefit the world.

On July 21, Soros began a new round of offensive. On that day, the US dollar rose to 250 points against the Hong Kong dollar in the three-month forward, and the Hong Kong dollar interbank lending rate rose from 5.575% to 7.06%. The Hong Kong Monetary Authority felt that it would be difficult to dispel the opponent's offensive if it did not launch a counterattack from the policy level. So after discussions from multiple parties, it was immediately carefully planned a counterattack the next day.

The SAR government has raised the Hong Kong dollar interest rate by issuing large amounts of government bonds, which has pushed the Hong Kong dollar exchange rate to rise sharply.

At the same time, the Hong Kong Monetary Authority issued a verbal warning to two banks suspected of speculating on the Hong Kong dollar, which made some Hong Kong dollar speculators tremble and finally chose to withdraw from the Hong Kong dollar speculation team. This would also weaken Soros' speculative power.

When the Hong Kong dollar began to sell off speculatively again, the Hong Kong Monetary Authority significantly raised short-term interest rates under Fan Wubing's suggestion, causing overnight loan interest rates to soar. A series of counterattacks made Soros' Hong Kong war fail to get any advantage and suffered heavy losses.

At this time, the central government has repeatedly emphasized that it will fully support the Hong Kong government in defending the stability of the Hong Kong dollar. If necessary, Bank of China will cooperate with the Hong Kong Monetary Authority to crack down on Soros' speculation. This is undoubtedly a heart-warming agent for Hong Kong, but it is definitely bad news for Soros.

Soros heard more than that bad news.

The central bank meeting of 11 Asian-Pacific countries and regions, including China, Australia, Hong Kong Special Administrative Region, Japan and ASEAN countries, held in Shanghai on July 25, issued a statement that the economy in the Asia-Pacific region is developing well and we must strengthen cooperation and jointly combat the power of currency speculation.

On August 4th and 15th, some strong investment funds entered the Hong Kong foreign exchange market. They used financial futures to buy Hong Kong dollars in three-month or six-month Hong Kong dollar futures and then quickly shorted, causing the Hong Kong dollar to drop to 7.75 Hong Kong dollars to exchange for one US dollar, which is also known as the important psychological key point of the Hong Kong dollar exchange rate.

The Hong Kong financial authorities quickly attacked speculators by tightening money and raising interbank interest rates. The HKMA raised interest on lending to banks and forced banks to return their extra positions. They allowed speculators to borrow money to buy Hong Kong dollars to face a strong situation of clearing the country. They were discouraged at the extremely high cost of speculation.

In a very short period of time, in less than a week, the Hong Kong market returned to peace. Speculators returned in vain.

However, everyone also understands very well. This group of speculators will not stop and the bloody battle is inevitable. The Hong Kong authorities are even more prepared for the future. The policy and public opinion offensive are taking two-pronged approaches to awaken these international financial giants.

The Hong Kong financial authorities have an extremely clear attitude and are determined to maintain the stability of the contact exchange rate system. Before the UK visits the SAR Chief Executive left London, he emphasized that the SAR government is extremely determined to maintain the contact exchange rate.

Finance Secretary Tsang Yin-kwon and Finance Affairs Secretary Xu Shiren met with the media together. Reiterated that maintaining the linked exchange rate is the preferred goal of the Hong Kong government. For this goal, interest rates have soared. It is inevitable. I hope that the people of Hong Kong will be calm. Secretary for Administration Chan Fang Ansheng called on everyone to remain calm. The Hong Kong General Chamber of Commerce issued a statement to support the linked exchange rate system. It also called on people in the financial market to think calmly and re-examine the foundation of Hong Kong's economics to stabilize the market.

Tsang said at an investment meeting that the SARs will not change the currency system or the relationship between the Hong Kong dollar and the US dollar, and only speculators will die by speculating in the Hong Kong dollar.

Of course, international speculators repeatedly attacked the Hong Kong dollar, not only to make profits from the Hong Kong dollar exchange rate, but also to adopt a comprehensive strategy to benefit from the stock market and futures market. Their approach is to first accumulate a large number of short positions in the futures market, then buy forward US dollars, sell forward Hong Kong dollars, and create momentum.

When the Hong Kong government takes measures to significantly increase interest rates to deal with the Hong Kong dollar being attacked, the stock atmosphere fades, and people worry that the sharp rise in interest rates will push down the stock and real estate markets.

Those who take advantage of the situation to make the futures index plunge.

Therefore, people in the stock market are panic and sell stocks in panic, and speculators can close their short positions and make huge profits. In other words, although speculators fail to make a comeback in the Hong Kong dollar exchange rate or even lose small losses, they make a big profit in the futures index market.

October 20th is the tenth anniversary of the tragedy of Black Monday in the US Wall Street stock market. It is precisely because of this that it has become the most anxious day for investment analysts. However, the horror atmosphere did not appear in the Wall Street stock market. On the contrary, the Daws index actually rebounded by 74 o'clock that day.

Just as investment analysts celebrated, there were already dangers on the other side of the earth and the undercurrents were surging. Ten years later, another Black Monday began to come, but this time it was surrounded by Hong Kong, known as a shopping paradise.

On October 20, the Hong Kong stock market began to fall. On October 21, the Hong Kong Hang Seng Index fell 765 points, and on the 22nd, it continued this momentum, down 1,200 points. On the 23rd, concerns about the prospects of the Hong Kong dollar caused the Hong Kong interbank lending rate to rise steadily. The overnight interest rate, which was only about 7% the previous day, soaring 300 times. In this market atmosphere, Hong Kong stocks suffered a fourth consecutive setback, falling to 10.41 percentage point.

Hong Kong SAR Finance Secretary Tsang said on the same day that Hong Kong's basic economic factors are good, and the decline in the stock market is mainly affected by temporary speculation by external factors, so investors do not need to panic. He said: "I don't think this is a stock market crash." He believes that, in any case, the SAR government must first defend the Hong Kong dollar exchange rate. Although there was speculation in speculation in Hong Kong dollars the night before, the speculation activities have been calmed at this time. At the same time, Hong Kong Financial Management President Ren Zhigang also delivered a speech, claiming that the HKMA had defeated speculators the night before.

Perhaps it was because of the strong intervention measures of the SAR government, or perhaps because the confidence of the SAR government and financial managers infected investors. On the 24th, after a sharp decline for four consecutive trading days, the Hong Kong stock market rebounded strongly on this day, and the Hang Seng Index rose 718 points, an increase of nearly seven percentage points. On the 27th, Tsang once again reiterated that the current linkage exchange rate system in Hong Kong will not change, and only speculators will suffer losses in this event.

At this time, the stock markets around the world formed a vicious cycle of general sharp drops. On the 27th, the New York Dow Jones Index plummeted by nearly 554 points, which was the worst day in history, resulting in an automatic suspension of one hour in the middle. The Tokyo stock market fell by more than 800 points after the opening.

On the 28th, the Hong Kong Hang Seng Index plummeted more than 1,400 points, with a drop of 13.7%, and the decline points were the highest in history. Under this situation, the fluctuations in the Hong Kong stock market were no longer limited to its own factors.

In this regard, the district chief executive emphasized that the fluctuations in the Hong Kong stock market are only temporary adjustments. A spokesperson for the Chinese Foreign Ministry also said that the Hong Kong stock market has also experienced such fluctuations in the past, which is not surprising. Hong Kong stock fluctuations are things that the SAR government has to deal with on its own. The central government will not directly interfere with the Hong Kong stock market and Hong Kong dollar exchange rate in accordance with the principle of one country, two systems, and will not directly interfere with the Hong Kong stock market and Hong Kong dollar exchange rate. Beijing is still full of confidence in Hong Kong's overall economy.

In response to a question from the MP, the Director of the Finance Affairs Bureau of the Legislative Council said that the society is very concerned about the stable joint exchange rate system. Regarding the operation of the market, the SAR government's consistent policy is freedom and administrative intervention should be minimized.

Chen Fang'an, Director of the SAR's Government Affairs Department, advised citizens to remain calm, not to be allergic to reactions, and to be cautious when entering the market and do what they can.

Hong Kong public opinion expressed strong confidence. The Sing Tao Daily published a comment pointing out that in the past, after experiencing an economic crisis, Hong Kong would recover quickly and become more vigorous, and this time should be no exception. The US fiscal pointed out that since the global stock market crash in 1987, the Hong Kong stock market has ranked first in the global stock market in the past decade. After the 1997 stock market crash, as long as Hong Kong vigorously develops its economy, the return rate in ten years may be the world's largest.

This invisible war caused by Soros shocked the world like a volcanic eruption. Thailand, at the center of the earthquake, is suffering. On the other hand, Hong Kong across the sea is tighter than ever before. People realize that it is only a matter of time before this black financial tide lands on Hong Kong Island.

Faced with the aggressive arrogance of international financial speculators, the Chief Executive of the Hong Kong Special Administrative Region cautiously stated that the Hong Kong Special Administrative Region has abundant foreign exchange reserves and the economy is growing steadily. More importantly, the Hong Kong Special Administrative Region has the support of a strong motherland, so this storm will not have a particularly serious impact on Hong Kong.

Fan Wubing has made a lot of fun over the past period of time.

The second update today is to be continued,)
Chapter completed!