The other party nodded: "We all know this, what next?"

Of course he is aware of these shortcomings, but unfortunately there is no good way to solve them now. The disparity between the Hong Kong dollars on the market and the ugly dollars in the hands of the government is the root cause of this crisis.

Could it be that raising interest rates increases reserves and tightens bank liquidity? Although there will be fewer Hong Kong dollars on the market, the stock market is expected to be over tomorrow.

Why are there so many financial experts in Xiangjiang, but there is no good solution for a while.

Chen Fang smiled: "Although we cannot switch to another exchange rate system, we can improve the linked exchange rate system."

"Oh, what should I say?"

The other party adjusted his glasses and became even more interested. If it were anyone else, he would not want to continue talking. Today, it is not only for Li Guokai's face, but also because Chen Fang is not shorting Xiangjiang, but is helping the government.

"Haha, we can strengthen the currency issuance mechanism. The specific content is to replace the original liquidity adjustment mechanism with a discount window. Under this new arrangement, banks can use Exchange Fund bills and bonds to borrow overnight funds from the Hong Kong Monetary Authority.

This will increase the bank's liquidity. The Hong Kong Monetary Authority announces the basic interest rate before the start of each day. If the overnight interest rate is higher than the basic interest rate, the bank does not need to borrow money from other banks in the market, but only needs to use the Exchange Fund bills on hand to borrow money through the discount window.

The overnight funds needed. This can alleviate the pressure of rising interest rates. At the same time, the government should also implement some measures to tighten the supervision of securities and futures, such as preventing short sellers from selling below the stock market price and strengthening the crackdown on illegal selling.

The investigation and monitoring of short selling will increase the difficulty of short selling.”

.......

What Chen Fang is talking about is the experience summarized by later generations. Every item in it can be queried online at any time.

Although it is a bit cheeky, this is the cheat of the reborn person. Besides, it can greatly alleviate the financial difficulties of the banking industry. As long as there are no problems in the banking industry in Hong Kong, then 6500 points is not the lowest line to fall.

If Soros wants to continue to short Xiangjiang, he will have to invest more funds, which will also increase the other party's costs.

"Well, I agree with what you said. We will have a meeting to study it later."

He was able to sit in the position of director, not just by "any move". It was just a rumor spread by the outside world. He must have real talent and learning. Otherwise, would you be an idiot if you were a government official?

Send a random person to this location?

After speaking, he looked at Li Guokai and said, "Li Sheng, you have a good nephew."

"No, no, he's just making a small fuss."

Li Guokai is used to seeing the big world, so he is naturally very humble when he speaks.

"Sheng Chen, I hope you can continue to support us in Xiangjiang..."

"Definitely, definitely, I am very optimistic about the future development of Xiangjiang, and according to my estimation, the mainland will not sit idly by and take action, and will definitely take action in the end..."

"Well, I hope so."

He has not received any news that mainland China will take action, so he only expressed hope.

After leaving the government office, Li Guokai praised Chen Fang a lot on the way back. The two of them did not go home but continued to the Rongkai Group. How could they sleep these days? It was better to stay in the company and handle things at any time.

.

Li Guorong was at home and felt that he had not seen his brother for several days, so he asked.

Zhang Shuyuan replied: "Brother, the market in Xiangjiang has been fluctuating a lot recently, so Guokai has been keeping an eye on the company and just called back..."

"Oh, I see."

Li Guorong nodded and said nothing more. After dinner, he was ready to go out to take a look. First he found his son Li Yi. If Li Yi hadn't been with him, he might have gotten lost in Xiangjiang.

He was like this in the play. Fortunately, he met Li Mingsi coming out of the bar. Otherwise, he really didn't know how to go back.

"Dad, everyone is very busy recently, so..."

"Are you guys too?"

"Yes, Xiangjiang is the financial center. Now if there is a problem here, it will naturally affect everyone in Xiangjiang, especially big companies like Uncle Su."

Li Guorong said worriedly: "Hey... I don't know how your cousin is doing."

He just couldn't understand. Xiangjiang was obviously fine a few days ago, with high-rise buildings everywhere, but why was it not doing well these days? There were far fewer people coming to restaurants to eat roast duck.

This was the first time that Li Guorong felt the horror of the financial crisis. If this continues, I am really afraid that many people will not be able to eat, and then the streets will be filled with beggars.

"My cousin will definitely be fine. Even if he loses some of the money he earns, he can still live comfortably with the rest."

Li Yi didn't know Chen Fang's current situation, nor did Su Yuanyuan or Su Dong.

"Well, that's good... accompany me for a while, and then you can go back."

"Um."

The father and son took a walk on the beach, and then Li Yi took a taxi to take Li Guorong home.

After settling his father, Li Yi was ready to go home.

Li Mingsi stopped him: "Li Yi, I'm going to the bar later, will you go?"

Of course, she now simply regards Li Yi as a relative, just looking for a companion when going out to play. Now her father Li Guokai is worried about the company, but this daughter is still happily going to the bar.

"Oh, Mingsi, I have to go back to work, so I won't go... Next time, I'll ask you to come when I'm done."

After all, they were relatives, so Li Yi regarded her as just a sister.

"Well, don't forget it when the time comes."

"Will not."

Li Mingsi had a good impression of Li Yi. He felt that this person was honest and would not make it difficult for him to get off the stage like Chen Fang. Especially when he came to the house for dinner for the first time, Chen Fang almost hit Li Mingsi's lung tube.

On the Rongkai Group side, after the two returned, Chen Fang went to find Guan Lin. Li Guorong asked his assistant to take Chen Fang to visit the Rongkai Group.

I also want to see if this nephew has any suggestions.

"We won't go home at night. There is a room upstairs to rest. We will stay here on weekends."

"Okay, I'll listen to you."

For such a big building, there must be a resting place on the roof. Rongkai Group has always built buildings, so it is not a trivial matter to have a few resting rooms.

Chen Fang and Guan Lin stayed at the Rongkai Group throughout the weekend. Chen Fang also had a general understanding of the business situation here. Although the assets were hundreds of billions, the liabilities were also very high. No wonder the Rongkai Group will appear after the financial crisis in the play.

in danger.

After a bank suffers heavy losses, it is natural to withdraw funds. If the loan is not renewed, trouble will appear.

Of course, this is also a common problem in the real estate industry. Even more than 20 years later, it is still the same. Real estate and banks have been firmly tied together.

On Monday, Chen Fang still came to the company.

"Manager Xue, no one has had contact with the outside world in the past two days."

"Don't worry, Mr. Chen, even if we go to the toilet together, we must supervise each other..."

"Well, that's good. Let me tell you that after this time, I won't treat you badly."

"Well, thank you, Mr. Chen."

Xue Dahua naturally believed it. If Chen Fang hadn't been so generous, how could everyone be so cooperative?

Soon it was time for the market to open, and Xue Dahua immediately came in to report: "Mr. Chen, Yuanda Group, Tianming Chemical, Huaidong Heavy Industry and other stocks have been suppressed by unknown funds, and have fallen by an average of nine percent."

"Go and see..."

Originally, I didn't want to make any moves recently, but I thought I still had one billion Hong Kong dollars in funds, otherwise I would continue to play.

When Chen arrived, he found that the Hang Seng Index had dropped to 6,500 points. At this time, the stock index account had already suffered losses, but this was still within an acceptable range.

Xue Dahua also saw the losses, especially the string of red numbers in the account, which was particularly conspicuous.

(The Hong Kong stock market is red when it is falling, and green when it is rising.)

"Mr. Chen, this..."

"Don't worry, Manager Xue, all the remaining money will be used to fill the position of these stocks..."

"yes."

Now both sides have invested hundreds of billions of funds, and these one billion Hong Kong dollars cannot even make a splash.

Today is the third day that Xiangjiang government enters the market, and there are still ten days before the stock index settlement date. Public opinions outside are already flying all over the sky, especially those who say that Xiangjiang is not a free market. They are one after another.

That night, the Hong Kong Monetary Authority began to implement several suggestions put forward by Chen Fang, and instantly the financial pressure on the banking industry was greatly reduced.

On the seventh day after the Xiangjiang government entered the market, the available foreign exchange was already stretched thin, because the government was not only facing Soros, but also some local funds in Xiangjiang.

Like hyenas that smell carrion, these people flocked to the stock market and started short selling.

That night, the mainland used the exchange fund and said that all the exchange funds could be used to give to the Hong Kong government. After hearing this news, the Hong Kong government was full of confidence.

In particular, the director of the Hong Kong Monetary Authority was particularly surprised. He did not expect that Chen Fang would be right this time. He had already expected that the mainland would definitely help.

The next day, the stock market stopped its downward trend when it opened, but the Hang Seng Index remained near 7,000 points. At this time, it was purely a matter of money, and whoever had more money would win.

The time soon came to August 28. As the Hong Kong stock market and futures market opened at 10 o'clock in the morning, the securities market channel of the TV station became the focus of people's attention.

The Hang Seng Index and futures index fell slightly by dozens of points, but the trading volume of the stock market exceeded more than HK$3 billion in just over 5 minutes. You must know that this was the trading volume for the whole day before the SAR government took counterattacks!

After that, the Hang Seng Index and the futures index were like plumb bobs in a tug-of-war, always swinging slightly above 7,800 points, sometimes rising a few points, sometimes falling a few points; however, the trading volume soared, exceeding 100 in about half an hour.

billion Hong Kong dollars.

Anyone with a little knowledge of the stock market can feel that the index does not move and the trading volume rises sharply, which means that the selling is "tremendous".
To be continued...