Chapter 14 provides some suggestions on the linked exchange rate.(1/2)
The more Chen Fang said this, the more Su Dong became unhappy, wondering how she, the eldest daughter of the Su family, could bear such anger.
Seeing how angry she was, Chen Fang continued: "Miss Su, I know you are anxious, but don't worry first... You are very good, mainly because I like freedom, and it is best to be unrestrained.
.....”
Su Dong: "......"
Chen Fang didn't say anything more and walked out sideways. If someone else saw this situation, they would think that he and this bitch had something to do with each other.
Although Su Dong has connections in mainland China and the background of Yuanda Group is also very impressive, Chen Fang is not unusual... It is such a good thing to be able to live freely.
When they arrived at the garden, Su Yuanhua chatted with Chen Fang for a few more words. Of course, they were talking about the stock market. It was impossible for Su Yuanhua to come and talk to Chen Fang about his daughter's personal matters.
"By the way, Uncle Su, how is Li Yi doing in the company recently?"
"Well, Li Yi has made a lot of progress. After a while, I plan to send him to the department as a manager..."
Su Yuanyuan has noticed Li Yi's progress. Although he cannot keep up with Chen Fang, he is still a talent that can be made, and he is preparing to focus on cultivating him.
"Well, that's good...after all, we are a family, especially the uncle has high expectations for him."
"I know what Lao Li is thinking, and he has high expectations for you."
Su Yuanhua and Li Guorong squatted in the bullpen together, so their relationship was naturally very good, and he took care of Li Yi as much as possible.
...
When the time reached around nine o'clock, everyone was ready to leave. This time, Guan Lin was driving when we went back. As a female family member, she did not drink. Although drinking and driving is not a big deal in Xiangjiang, it is better to be careful.
Guan Lin and I continued the four-wheel alignment that night, and I felt refreshed the next day.
Today is the first week of August. Under the three attacks of international financial speculators, the stock market in Xiangjiang has fallen continuously. In the following five trading days from August 3 to 7, the Hang Seng Index has fallen by 917 points. The stock market
The market value lost HK$250 billion.
On the 7th, the Hang Seng Index fell to the 7,000 point mark, closing at 7,018.41 points, down 235.95 points throughout the day, or 3.25%, which was a new low since January 1995.
At this time a year ago, the Hang Seng Index closed at a historical high of 16,820 points. There was a difference of 10,000 points, which shows how far the Hong Kong stock market has fallen.
Chen Fang thought to himself: "It's very close."
In the past few days, the funds in hand have reached 10 billion Hong Kong dollars, which is an astronomical figure for Chen Fang, most of which was earned from people led by Soros.
However, Soros is not considered a loser. Although there are some losses in the stock market, the profits on the stock index are already huge. That is to say, it is not the delivery day yet, so such a large position can only wait until the delivery day.
Seeing Chen Fang thinking about something, Guan Lin didn't dare to disturb her. Recently, she followed Chen Fang and made a profit of 10 million Hong Kong dollars. No wonder so many people are involved in finance. Compared with filming, real estate, and careers, finance is like a large casino.
.
Then the financial news broadcast a piece of news, which was about the attitude of the government.
The headline read: "If anyone thought we were going to waver, they were wrong!"
On August 7, the Hong Kong government gave a statement to reporters. He said: Maintaining the exchange rate is the most unswerving policy of the SAR government.
"If anyone thinks we will waver, they are wrong! We absolutely have the ability and determination to maintain the linked exchange rate, and we will definitely do it. Maintaining the linked exchange rate will ensure Hong Kong's long-term economic vitality and interests, and the short-term pain is acceptable
.”
This means that the government is already involved.
Seeing the new policy, Chen Fang couldn't help but shake his head: "This is just one move."
Xue Dahua nodded and said: "If we want to maintain the linked exchange rate, then the only way is to raise interest rates to increase the financing costs of speculators, but the stock market will fall again, which is very contradictory in itself..."
"You're right, but at this time it's a matter of who has the most money..."
"Boss, are you saying that the government will personally take action?"
Xue Dahua said incredulously that he had guessed that the government would intervene before, but intervention was intervention... How could the government go to the stock market in person?
"The Hang Seng Index is the limit of 6,500 points. If it continues to fall, there will be big problems in Hong Kong's banking industry. No one can afford the series of consequences."
"But the boss..."
Xue Dahua naturally knew that what Chen Fang said was right, but the government personally went to the stock market to scan for goods. Is there no precedent for this in the world?
That's because the government of other countries is composed of a few capitalists. These are the people who originally made trouble in the stock market. How could their government still end up in trouble? Isn't that just beating yourself up?
That’s why other countries don’t have such a thing, but where is this?
How is it possible to remain indifferent to a robber like Soros? Even if Hong Kong's foreign exchange reserves are insufficient, there is still mainland behind it, and it is no problem to deal with a Soros.
How can you treat Xiangjiang as a cash machine? You have to know the foreign exchange reserves of various countries in the world.
Hong Kong’s foreign exchange reserves are 82 billion U.S. dollars, ranking third in the world. Mainland China ranks second with about 120 billion U.S. dollars.
Of course, it is impossible to use all of Xiangjiang's foreign exchange reserves, but if the big brother later provides tens of billions to support it, there will still not be a big problem.
"Don't worry, let's wait until Monday to start."
Xue Dahua asked tentatively: "Will you use leverage this time?"
"No, just use free funds to buy stock indexes...leave 1 billion Hong Kong dollars and go long for the rest..."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Chen Fang is not confused yet, how could he still use leverage? Wouldn't that continue to increase the risk? Anyway, there is already enough money now, what about the stock index?
It cannot fall below 6500 points.
This is Chen Fang's trust in the government. This government is not Xiangjiang, but mainly his trust in the motherland.
Xue Dahua didn't dare to persuade him any more. He knew Chen Fang's character. Since the establishment of the company, he had never lost a lot of money... But even with such a risky approach, he never lost once.
Guan Lin, who is in the back, heard that Chen Fang wanted to invest all of it at once. She wanted to persuade her that she already has enough money. Apart from the four major families, who else has more money than you.
(The Rongkai Group in the play should be one of the four major families)
Time soon came to Monday, and the Hang Seng Index fell sharply at the opening, and the decline still felt like it had bottomed out. Coupled with the panic selling by investors, the Hang Seng Index plummeted even more.
In a villa, several people looked at the rapidly falling numbers in front of them and felt it was so beautiful.
Whether Xiangjiang goes bankrupt or not has nothing to do with them, as long as his luxurious life can continue.
"Why hasn't the boy named Chen made any move yet?"
"No... I don't know what he wants to do. This guy has made more money recently than any of us."
"Haha, it's just bad luck. Xiangjiang not only needs money, but also needs connections..."
"Yes, there will be a chance to deal with him in the future."
Although this man answered with a normal expression, he was disapproving in his heart. He was Li Guokai's nephew and his connections in Xiangjiang were not that different, right?
Chen Fang saw that the Hang Seng Index had dropped to 6520 points, and then said: "Let's get started."
Dozens of traders then began to scan the market for goods. The entry of 9 billion Hong Kong dollars seemed to give the market a shot in the arm, especially those investors on the trading floor who thought it was the government entering the market.
The stock investors who were ready to sell their stocks for a while also stopped. Although the stock price has fallen so much that they don’t recognize their mother anymore, they all want to cut back some of their capital, but what if it rises again?
This is how gamblers think. Who is willing to lose money when they see the hope of getting their money back?
With Chen Fang's entry, the Hang Seng Index quickly rose back to 6,800 points. Although 9 billion Hong Kong dollars seems like a lot, both sides are investing in a war worth hundreds of billions. This little money is the starting point.
Li Guokai of Rongkai Group was always paying attention. The rebound that had just reached 6500 points was probably caused by Chen Fang. Then he also ordered his men to buy quickly.
But his amount is definitely much less, mainly because Li Guokai is not specialized in this, his main business is real estate.
But he also knew that if it really fell below 6,500 points, Xiangjiang would be doomed.
When the market was about to close, the Hang Seng Index almost fell to 6,500 points, but it soon rebounded. This time, the momentum was obviously much stronger because the government sold, and the Hang Seng Index closed at 7,000 points that day.
But Chen Fang knew that this was just the beginning, and he thought that soon there would be many newspapers and media reporting on the government's entry into the market.
Either the government is intervening in the market, the business environment in Hong Kong is bad, or Hong Kong is no longer a free financial center.
Anyway, these are just a few tricks. If Hong Kong were replaced by New York on the other side of the ocean, I'm afraid the local surveillance department would have been out of business a long time ago, and people like Soros would have been invited to tea by the FBI.
Soros himself does have such concerns.
After get off work, Li Guokai called. This time he did not ask Chen Fang to go to the Li family villa, but to go to the Rongkai Group. Li Guokai did not go home recently, but was in the company.
The market has been sluggish recently, and real estate is an industry with high debt. Now Rongkai Group is experiencing difficulties in its operations, mainly because all the money in the market is going to the stock market and foreign exchange market.
Chen Fang thought for a while, then agreed, gave Xue Dahua a few words and set off.
Naturally, people in the company stayed at the company without any holidays, and no one had any objections. From the bottom of their hearts, they also hoped that Chen Fang could win.
On the way there, the major media had already started. Listening to the radio in the car, Chen Fang smiled disdainfully.
Guan Lin said angrily: "This is exactly what you expected. Why are these media like this?"
Although she likes to make money, she has always grown up in Xiangjiang and has been under the influence of Chen Fang recently. Naturally, she does not want Xiangjiang to fail like this.
"If your butt is crooked, then of course whoever gives you the money will talk to you."
"Then the government won't withdraw, right?"
The government is very complicated internally. Naturally, it is very opposed to this case. It includes many members, who are basically those high-jumping things of later generations.
"No, we will definitely win this time..."
Guan Lin saw that Chen Fang was so confident, so she didn't say anything more.
Soon he arrived at the Rongkai Group. The whole building belonged to the Rongkai Group. Chen Fang thought that this was a big group and a big company. These days, a company that could use an entire building as its headquarters showed its strength.
To be continued...