Six hundred and sixteen chapters multi-line attack
"Stop first, let the market rebound, let the market rebound first, and then gradually suppress it." In the face of chaos in the trading center, Guo Wenli used English to express the traffic channel for a number of short-term main institutions.
It was not until a group of short-term players reached an agreement on the operational idea of the market rebounding that Guo Wenli hurriedly returned to Shao Linhua and whispered: "President, now Mingzhu Holdings is completely using static to control the market and occupying the advantage of the back-up. If this continues, it may be very unfavorable to us. I heard that listed companies such as Changjiang Industrial also have plans to increase their holdings."
"You don't understand that although the Hong Kong dollar and the US dollar are related to the exchange rate, in the collapse of the stock market, it brings us the opportunity to impact the Hong Kong dollar. In addition, the futures index, stock market, and the three parties have formed a financial derivative effect, which is enough to drag down Mingzhu Holdings. When we use leveraged lending, the amount of funds is still not much different from Mingzhu Holdings." Shao Linhua said with a sneer.
Guo Wenli secretly looked at Chen Hongtao in the distance: "But Mingzhu Holdings does not confront us head-on, they are just fighting and retreating. Moreover, they have undertaken the liquidation of positions from many parties in the futures index market, which has posed huge obstacles and threats to us..."
"It doesn't matter. Since Mingzhu Holdings wants to defend, we will directly crush them to death. Now the wind direction on and off the market is already very good. Under the effect of this stock market crash, not only us, but also the entire market is shorting, foreign exchange market, futures index, and stock markets, even if Mingzhu Holdings has cleared funds to recover from the US blue-chip investment portfolio, it is impossible to compete with the entire market and wind direction. Once the short side's country is settled, it will be too late to make efforts." Shao Linhua seemed very determined.
"Mr. Shao, do you want to impact the currency market?" This is the first time Guo Wenli has heard about Shao Linhua's impact on the foreign exchange market.
Shao Linhua smiled playfully: "It's because Mingzhu Holdings has given us this opportunity. While their funds are transferred to exchange Hong Kong dollars on a large scale, we can sell Hong Kong dollars and buy US dollars. Even if we borrowed a part from major investment banks, we have to exchange so much Hong Kong dollars for a short period of time. Someone has to give them. Now Mingzhu Holdings has earned 300 billion Hong Kong dollars. Who do you think gave them so much?"
"Mingzhu Holdings has recorded so many Hong Kong dollars. Once the US dollar rises against the Hong Kong dollar, the loss in the currency market will be not a small amount when the Hong Kong dollar depreciates. However, in the context of the linked exchange rate, if you want to kill Mingzhu Holdings in the currency market, you may have to destroy the Hong Kong financial order, so that the linked exchange rate between the Hong Kong dollar and the US dollar will be completely broken and turned into a free floating." Guo Wenli said to Shao Linhua in shock.
"Hong Kong does not have much foreign exchange reserves now. As long as the currency market suffers an impact, it will definitely be difficult to resist. In the case of collapse of the stock market and the Hong Kong dollar, even if Mingzhu Holdings has more than 500 billion US dollars, it will be buried. More than 500 billion US dollars are quite a bit fragile, but it is very fragile in the capital market." Shao Linhua's eyes were even a little crazy.
"During the futures index and the stock market, we have also completed the opening of positions in the foreign exchange market?" Guo Wenli already understood what Shao Linhua meant at this time.
Seeing the Hang Seng Index's real-time trading and futures index points rebound, Shao Linhua's eyes were not unhappy, but instead a sinister smile was hidden.
Until this time, Guo Wenli, who was extremely shocked, knew why Mingzhu Holdings took the initiative and Shao Linhua was still stolen on futures indexes and real-time selling.
In Guo Wenli's view, this is not a simple confrontation in futures indexes. It is simply a premeditated impact on the Hong Kong financial system. While trying to obtain huge profits, it buried all the funds of Mingzhu Holdings in Hong Kong.
If the Hong Kong dollar loses control and depreciate, the funds recorded by Mingzhu Holdings are likely to evaporate in a very short time. Coupled with the pressure from futures indexes and the stock market, the entire financial system collapses and deteriorates like dominoes. It is not impossible to wipe out the large amount of Mingzhu Holdings' working capital in Hong Kong.
No matter how crazy Shao Linhua was, at least the current real-time market and futures rebound really made many red vest representatives in the trading hall breathe a sigh of relief.
Although Hong Kong has futures index trading, for most people, the rise in stock indexes still represents profit, and falling down means losses. This is the general rule of the stock market, and even the developed European and American capital markets are no exception. After all, not everyone will intervene in financial derivatives.
Many market representatives wearing red vests are not only responsible for their customers, but the decline in the stock market is directly related to everyone.
As the saying goes, eat whatever you do. As the representative of the market exit of the Stock Exchange, many red vest traders can receive various trading information and insider information all day long, whether it is their own funds or relatives and friends' funds, they are inevitably going to have to make some stocks. Just by watching the market fall sharply, the panic of many traders can be seen.
Under the influence of stock market crash remarks, even the housewives who do not visit the stock market frequently and cook soup at home have flocked to major stock exchanges, fearing that the stock will be sold too late and will cause serious losses.
In an environment with a relatively loose loan environment, the ups and downs of the stock market have a huge impact on most investors.
In recent years, the Hong Kong real estate market has gradually become popular. Many families are investing in real estate and stocks. Some people are under great pressure while making profits. Not to mention the continuous decline of the stock market, even if it falls sharply for one day, it is unbearable.
Even the business operations of many capital tycoons are directly related to the stock market. Once this chain of capital leverage breaks, many large companies will be forced into desperate situations in an instant.
After a period of panic and turmoil at the opening, the vast trading hall has become quieter at this time. Many people focus on the rebounding stock index, hoping that God will bless you and the terrible decline will be stopped.
Looking at the weak rebound of the Hang Seng Index on the electronic trading screen, Evan couldn't help but look cautious on his face and said to Chen Hongtao: "Boss, the real-time trading and futures contracts of the Hang Seng Index are both difficult to return. The market is in a bad state. Judging from the main players of the short side, they don't seem to stop. I don't know what they are trying to make."
"Mr. Chen, we have received news that many investors have panic selling of stocks on major stock exchanges, and the wave of remarks in the stock market crash is in a tendency to become more and more intense." Guo Bingxiang said to Chen Hongtao, who had not expressed his opinion with a worried face.
"A serious weakness occurred in just half an hour after opening. If this continues, the market may completely collapse." Meghan looked solemn, observing the changes in the market of the Hang Seng Index.
Seeing that there was nothing unusual in the representatives of the main short-term institutions led by Lin Hua Investment in the orderly operation, Chen Hongtao blinked his eyelids and began to check the market in person.
Without getting Chen Hongtao's reply, Guo Bingxiang and others could only worry and have no choice but to do so. Chen Hongtao's calm and steady expression was really hard for people to guess what they were thinking.
When Chen Hongtao transferred out the exchange rate of the US dollar against the Hong Kong dollar and saw the exchange rate rise, his eyes were not easy to detect and a smile appeared.
"Megan, have all the Hong Kong dollars we exchanged been recorded?" Chen Hongtao asked inadvertently.
"It has been recorded. With the help of major investment banks, the exchange turnover of funds is much smoother than expected..." It was almost the habit of the trader. While replying to Chen Hongtao, Meghan had already adjusted the exchange rate trend of the US dollar against the Hong Kong dollar.
Just when Liu Miaoyan entered the trading hall and was discovered by Chen Hongtao, Meghan, who was observing the exchange rate of the US dollar against the Hong Kong dollar, looked shaking: "Evan, take a look at the exchange rate of the US dollar against the Hong Kong dollar."
"It's a bit strange. It's already 7.9. It seems that someone is selling Hong Kong dollars. When we exchange 300 billion Hong Kong dollars to account, even if we are relatively careful in operations and do not have much impact on the market, the Hong Kong dollar should not depreciate slightly. Logically speaking, it is normal to appreciate a certain degree." Evan soon discovered the problem.
"Boss, the old leader in China called and sent a big fire, asking you to call back immediately. I don't think it will be possible. The boss should make a call back as soon as possible." Liu Miaoyan whispered in Chen Hongtao's ear, and looked at the long-distance phone number in the trading seat, as if reminding him to take it seriously.
At this moment, Meghan immediately contacted Helen, the president of Century Bank in New York, and asked him for the abnormal exchange rate between the US dollar and the Hong Kong dollar.
When Chen Hongtao, who had a smile hidden in his eyes just now, his face froze, as if the boss was whispering unwillingly.
After hesitating for a while, Chen Hongtao still picked up the long-distance phone number from the outside and, at the reminder of Liu Miaoyan, dialed the old man's phone number.
"What's the matter with me? I'm very busy." As soon as the phone was answered, Chen Hongtao said to the phone with a stiff face.
"Little bastard, are you messing up the Hong Kong stock market? A guy like you should be arrested and killed..." The crazy roar of Mr. Chen came from the other side of the phone, which made Chen Hongtao's face look unbearable, and he took the microphone far away.
I don’t know if the old man roared. After a minute, Chen Hongtao didn’t even hear what Mr. Chen said later, so he pulled the phone to his ear and listened.
When Chen Hongtao found that the phone had not hung up yet, he smiled and said, "I'm very noisy here and I didn't hear what you said clearly. Anyway, this matter has nothing to do with me."
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Chapter completed!