.Volume 2, Volume 7, Turn the turmoil

"What? Yinjian Aircraft Factory submitted an application to the Hong Kong Securities Regulatory Commission for stock repurchase and immediately passed it?" In the office, Soros held the teacup tightly, and even his joints were white. He couldn't even believe that he heard all this, but the live broadcast on Phoenix TV made Soros convinced that all this was not a dream.

"Ladies and gentlemen, I am Zhou Jimin, the director of Yinjian Aircraft Factory. I want to announce something today." Zhou Jimin was full of red face at the press conference. That confidence could not be pretended. Surrounded by the flash, Zhou Jimin announced loudly that he was loudly announced.

"After seven years of hard development, our Yinjian Aircraft Factory has finally successfully developed the first large civil aircraft. After testing by the EU and the United States, it has obtained the EU and the United States airworthiness certificate.

Before Zhou Jimin finished speaking, he was overwhelmed by applause. In the press conference venue, reporter photography and ordinary staff forgot their responsibilities and applauded with emotion. After the United States and the European Union, China finally became the third country to have its own large aircraft. This is the pride of the Chinese nation. Every descendant of Yan and Huang present could feel proud. I don’t know who took the lead in singing the national anthem. The majestic and passionate national anthem spread throughout the live broadcast room and into Soros’ ears.

"Mysterious China..." Soros shook his head, not knowing whether it was for himself or for something else, and turned off the TV. He really didn't want to see such a scene. He originally thought that the Chinese were a mess of loose sand. As long as he grasped the timing well, it would not take much effort to succeed, but now it seems that this is too willing.

"Director Zhou, come and sign an autograph." After the press conference, Zhang Yan wore a baseball cap and sneaked up with Zhou Jimin and invited Zhou Jimin out for dinner.

"Oh, Mr. Zhang, why did you have the determination to treat me to a meal today? It's really rare! It's so rich. I'll order a expensive place."

"Director Zhou, I'm just happy. Do you know that just an hour ago, the first 30 aircraft from the Yinjian Aircraft Factory had been successfully sold to East Asia Airlines Corporation, with a total amount of 12 billion yuan." Zhang Yan was so happy, like a fox that had eaten a fish.

"Why didn't you say it earlier?" Zhou Jimin almost jumped up. Yinjian Aircraft Factory has been paying for money all the time. As the factory director, he is under great pressure and loses more than one billion yuan every year. If you get this order, you will erase the losses of the previous few years. There is even a surplus, but..." It seems that I have never heard of this East Asian Airlines!"

"It's normal that I haven't heard of it, because this airline has not been established yet and will not be listed until next week."

After saying goodbye to Zhou Jimin, Zhang Yan walked to the street alone. It was almost dusk and watched the endless traffic flowing on the street. Zhang Yanxin sighed and called a taxi and took a bus to Taiping Mountain to enjoy the night view of Taiping Mountain.

After arriving in Taiping Mountain, the sky gradually darkened, but Zhang Yan could still tell the location of the Bank of China Building. Looking at the Lion Pavilion on the top of the mountain, the Bank of China Building looked like a sharp knife, facing the old HSBC Building directly, with the setting sun as blood, dyeing the Bank of China Building red.

As the sunset sank into the sea little by little, Victoria Bay disappeared, and a sea of ​​lights appeared in front of Zhang Yan, slowly surging up like the rising tide of the sea. After nightfall, the city of Hong Kong never sleeps turned into a beautiful and charming girl. The endless stream of traffic shuttled across her like ribbons, and Zhang Yanjin couldn't help but get drunk.

"Gugu" The sound of protest came from his stomach. Zhang Yan stood up embarrassedly and looked for a hotel. Taiping Mountain was open and there were many restaurants. But he ran to several restaurants in a row. Zhang Yan finally had to hit the ground at the foot of the mountain, and then he found a restaurant.

"Sir, please sit inside." The waiter took Zhang Yan in with a smile, and then greeted the customers behind Zhang Yan.

"Grandma Ren, are you here to have a meal too?"

"Yes, people say we can't do it anymore, I'm not convinced. I can't do anything when I get old, so I come here to eat every day to boost our economy."

Zhang Yan did not notice the conversation between the two at first, but after hearing it, he couldn't help but be moved. He quietly turned his head to look at the respectable grandma. The old lady in front of her was hunched, her face was thick and white, and her mouth was full of wind when she spoke, which was extremely ordinary in Hong Kong. But even such an old lady knew to do her best to save the country. Perhaps the reason why China is strong is because these ordinary people, only they are China's real backbone and the root of China's strength!

That night, Zhang Yan thought a lot. With such people as support, what kind of difficulties can't be overcome? Zhang Yan was full of confidence in the coming decisive battle.

After the Yinjian Aircraft Factory proposed a repurchase, Yinbao Automobile Factory immediately proposed a repurchase, and then Hongxing Steel Factory also proposed a repurchase. The repurchase amount of the three major factories reached HK$30 billion, and it promised to hold shares for five years, freeze all plans to increase capital and expand shares, and freeze all plans to acquire stocks. Faced with these three unbelievable repurchase applications, the China Securities Regulatory Commission handled the matters and approved the application in almost half a day.

The three stocks then began to rise sharply and soon returned to normal prices. Since two of the three major companies ranked among the Hang Seng Index, this move immediately raised the Hang Seng Index by 50 points. More importantly, this move gave investors great encouragement and made them realize that the Hong Kong stock market is still healthy, which is even more effective than buying a few billion Hong Kong dollars.

"What an accident, don't stop and continue to attack." In Soros's view, this accident is just a small episode. No matter how important the confidence of the market is, it is still vulnerable to hedge funds. Although it was hit hard by these companies, it did not make Soros retreat, but instead stimulated the excavation of Soros.

On March 13, when Quantum Fund increased its hedging efforts, shorting Hong Kong dollars by 100 million Hong Kong dollars per second, the liquidity of Hong Kong dollars was immediately impacted. The short-term lending interest rates of various banks were terrible to a terrible degree. Hang Seng Bank had to raise the benchmark interest rate. Then the Hang Seng Index fell and was suppressed to around 3,360 points.

"What awesome Soros." Through leverage trading, Soros can use one dollar to do ten dollars, but as a defender, he has to do the opposite. It is easy to imagine how difficult it is to use three or even five dollars to hedge against Soros' one dollar. After hedging in the past few days, as the leader of the temporary coordination group of Bank of China Hong Kong, Zhang Yan's bargaining chips have been consumed, and Soros still looks very relaxed. It seems that if the Hong Kong government does not enter the market, he will be finished.

It's a headache! Liu Yunshui rubbed the sun. The current situation is extremely critical. Banks such as Bank of China Hang Seng, which are mainly Chinese-funded Hong Kong capital, can no longer resist Soros' attack. The choice in front of him is so difficult. There are only two ways. One is to continue to let go, but the financial market will be "dead" and the Hong Kong people will lose confidence. The Hong Kong economy will be in a slump and will not be able to make a comeback for at least twenty years. Another way is to enter the market to defend the Hong Kong economy. However, this battle not only involves the immediate victory or defeat, but the most important thing is how to get out after the battle and how long it will take to fight?

After calculating his capital, Liu Yunshui felt that at least two months could be paid for, hundreds of billions of Hong Kong dollars! In normal circumstances, it would take a long time to make a purchase, but now... there should be no problem for two months. As for how to withdraw, Liu Yunshui also had a rough idea. If it is profitable, then set up a fund and use the profit amount to public welfare. If it fails... Liu Yunshui did not continue to think about it. He is the same as Zhang Yan. Since he has decided, he will do his best and will not think about so many other things.

After making a strategy, Liu Yunshui called the Hong Kong Head Office and proposed a plan to enter the market to defend the Hong Kong government's economy. It was immediately approved. Then news from the central government was also exciting. The Minister of Finance and the Finance Department also gave positive responses. At this moment, China and Hong Kong were closely linked.

On March 15, the Hong Kong government organized Hong Kong capital and Chinese capital officially entered the market, and launched a battle against the March stock index futures contract with its opponents. After entering the market, it bought a large number of short-selling March stock index futures contracts by international speculators, pushing the futures from 3,610 points before entering the market to 4,820 points on the 24th, which was higher than the investment speculators' 3,750 points on the average. Under the massive attack of the Hong Kong government, small hedge funds suffered huge losses and were eliminated one after another. In a week, except for large hedge funds such as quantum funds, other hedge funds saw that the situation was not good and turned long.

The Hong Kong government reversed its previous "active non-intervention" policy, which caused an unexpected heavy blow to speculators. However, after the Hong Kong government entered the market, the public opinion of developed Western countries led by the United States unanimously sang a free argument, and the general trend criticized the Hong Kong government's actions.

"This move in the Hong Kong Special Administrative Region Government is a huge harm to the free economy. Although this move will have some results in the short term, it will not be worth the loss in the long term. As a referee, joining the ranks of athletes will inevitably disrupt Hong Kong's normal economic order."

"I'm sorry to see that the Hong Kong government was influenced by the red China and directly used political forces to intervene in the stock market. This undoubtedly turned China's previous promises into nothing, and it can be imagined that it won't take long to see the glory of Queen Vinolia be covered by China's iron curtain."

"Given the power behind the Hong Kong government, we have to say regretfully that only under the banner of freedom and democracy can the people be protected from such tyranny. The proliferation of public power will inevitably cause trouble to the happiness of the people, and under such a system, the people can only breathe the depressed air..."

These public opinion did not mention at all. A hedge fund that is armed to the teeth like Quantum Fund has the energy that it has. Not to mention ordinary stock markets or foreign exchange market operators, even large securities institutions cannot compare with it. Even the Hong Kong government can only be said to be an opponent of the order of magnitude. Of course, for these things, free and democratic Western public opinion is invisible. In their opinion, only by opening the door of the house and letting the robbers in is the only choice.

On March 24, Soros continued to attack Hang Seng Index futures, causing the Hang Seng Index to jump to 4,300 points lower. In order to break the speculators' arbitrage plan, the Hong Kong government took the initiative to attack again and used HK$15 billion to enter the market to intervene. On the same day, the Hang Seng Index fluctuated violently and was then quickly pulled back. At the close of the market, the Hang Seng Index rose by 318 points.

On the highest floor of HSBC Building, Soros looked at the Bank of China Building opposite unhappily. The building structure like a sharp sword made Soros confused. What made Soros even more confused was that the Lightning Foundation had not appeared. It is said that the Quantum Fund had attacked Hong Kong for a month, and there was no reason why the Lightning Foundation did not appear.

On the other end of the earth, the US stock market fluctuated. After seeing through Soros' attack, Zhang Yan did not use the power of the Lightning Fund to defend against Soros' attack on Hong Kong. Hedge funds are an attacking fund, and it is too wasteful to use them to defend. After calmly thinking, Zhang Yan decided to take risks and directly attack the United States. Although the scale of this caused the local economic crisis was even larger, it could make Soros's tentacles retract back obediently.

On March 25, the early performance of many high-tech companies in the United States declined sharply, resulting in a pessimistic atmosphere in the stock market. Lightning Fund took advantage of this opportunity to suddenly take action and vigorously suppress the Nasdaq Index. After many hedge funds failed in Hong Kong, they followed Lightning Fund to the United States and lowered the Nasdaq Index by 150 points in one day. Many sellers who were not optimistic about Nasdaq also sold Nasdaq stocks. Since then, the Asian financial storm has officially evolved into a global financial storm.

It's like a boat. When a fire broke out in a cabin, the people in other cabins did not put out the fire, but stood aside to watch the fun. Some people even wanted to drag some property out of the fire, but the fire became bigger and bigger. When they found that the fire had already burned to their cabin, they were no longer in the mood to point fingers at others.

On March 26, Henry Gonzales, the land chairman of the House Banking Committee, asked the Federal Reserve and the Securities and Exchange Commission to investigate the futures index trading of potential Lightning Funds, and recommended temporary freezing of all market behaviors of Lightning Funds until it is determined whether the Lightning Fund maliciously attacks futures. It has to be said that people in the free world are much more ruthless than people in society.

This proposal also appeared five years ago. At that time, it was targeted by Soros's quantum fund. However, Soros didn't take it seriously at all. In fact, after consulting, it was left alone. This time, Gonzales' proposal was quickly executed, and all the funds of the Lightning Fund were frozen. The Federal Reserve formally asked the Lightning Fund for consultation, hoping that Zhang Yan (rather than Yu Qian) of the Lightning Fund's chairman and general manager, came to the United States to declare that this kind of meat bun is naturally ignored by Zhang Yan.

Although the Lightning Fund was frozen, the financial crisis was still getting worse and worse. With the collapse of several regional banks, the United States joined the ranks of the financial crisis. Soros' weight suddenly shrank by more than half, and there was no sign that the remaining funds would not continue to shrink.

"What awesome Zhang Yan, what awesome lightning!" When things came to this point, Soros knew that he had no hope of winning. Soros was prepared for the intervention of the Hong Kong government. After all, the government is to protect the country and the people, and the Hong Kong government must not ignore it.

But Soros did not expect that Zhang Yan was so brave that he dared to directly attack the US stock market. In fact, from a hedge perspective, only by playing the economy without any state can one avoid attacks from hedge funds. The US economy is not perfect, and the US economy is well developed and financially connected. It is not difficult to attack. The Black Tuesday seven years ago is proof.

But the United States is the most powerful country in the world after all. If you want to attack the US economy, it depends on whether the strength behind it is strong. Now it seems that although the Lightning Fund successfully prys out itself, the price is quite heavy. It is expected that it will become history in the Fed's investigation report soon.

Thinking of this, Soros laughed and ordered his secretary: "Source me a flight to Hong Kong, hurry!"

On March 27, 1998, bad news came from the global financial field that day. The US Dow Jones stock index fell 217 points, and the European and Latin American stock markets fell 3% and 8%. Soros also hurried to Hong Kong and openly claimed that the Hong Kong government would lose. This incident of publicly placing a war letter to a government in the name of a certain company or individual, threatening to defeat a certain government is unprecedented. Of course, there is a component of intimidation, but it also shows Soros' ambition and confidence.

Affected by this, the Hang Seng Index suddenly fell by 150 o'clock that morning. The weather changed. However, after the opening in the afternoon, the Yinjian Aircraft Factory suddenly held a press conference and announced that it had received the order for 30 East Asia Airlines' aircraft. Then the Hongxing Steel Plant announced the expansion of the third phase of the factory, increasing the total output from 3.5 million tons to 7.5 million tons. After these positive effects, the Hang Seng Index was repetitive and even flat at the beginning and end. Only the cross star could show how fierce the battle situation was on this day.

Everyone prepared the chips in their hands. Waiting for the last day, two opponents who had been fighting in the financial market for more than half a year finally arrived at the last battle to decide life and death. March 28, 1998 was the March settlement date for Hong Kong Hang Seng Index Futures. International speculators had a large number of futures orders in their hands and had to take action when they expired.

If the stock market can stabilize at a high level or continue to break through upward on that day, speculators will lose hundreds of millions or even more than one billion US dollars in total. On the contrary, the tens of billions of Hong Kong dollars invested by the Hong Kong government before would be thrown into the sea. Two opponents who had been fighting in the financial market for a whole year finally waited for the final battle that determines life and death.

March 28th, the longest day in the Hong Kong stock market. There is no unnecessary language, only a massive wave of money!

Just 5 minutes after the market opened, the stock market's turnover was HK$4 billion.

Half an hour later, the transaction amount exceeded HK$15 billion

By noon, the transaction volume had reached a huge amount of HK$60 billion, setting a record high in daily trading volume.

At this time, in a large office on the 79th floor of the Bank of China Building, Zhang Yan was also focused on the big screen on the wall, with sweat all over his palms. Can he take it? Zhang Yan was also unsure. In addition, Zhang Yan turned on the TV. Now it was like the war was at its most intense time, and the reserve team was needed the most. Suddenly, Zhang Yan's eyes lit up. The Central Committee was broadcasting the Prime Minister's press conference live. Zhang Yan felt that he could see something that was beneficial to him.

"Manager Zhang, someone is looking for you." The secretary gently pushed the door and followed him with a gorilla, no, a foreigner as strong as an orangutan. Zhang Yan stood up in shock and stretched out his hand to greet him, "Hello, who are you?"

The foreign orangutan laughed and stretched out his hand: "Hello, I'm Soros, I'm very happy to know you, the actual ruler of the Lightning Foundation."

Zhang Yan suddenly realized and shook Soros' arm enthusiastically, "Is Soros? I have always been your fan. Please sign me, right?"

Soros looked at Zhang Yan with anger, but found that Zhang Yan didn't care at all. So he sighed and said seriously: "Chairman Zhang Yan, I know you very well, just as you know me very well. We are both sides of the coins..."

"No, let's talk about the serious business." When Soros turned the topic on his back, Zhang Yan suddenly felt creepy. Besides, he was coming to the door, and it would be really unreasonable to pretend to be stupid. In short, Zhang Yan decided to talk to the old fox.

"Zhang Yan, I want to ask you a question. Do you think it is cost-effective to compensate the Lightning Fund to make the Quantum Fund fail briefly once?" After taking the tea made by Zhang Yan, Soros asked this question impatiently. He had never understood why Zhang Yan did such a crazy thing, especially this madness also hurt Quantum Fund.

"It's nothing, I long for victory. Although the Lightning Fund failed, I won. This time you lost." Zhang Yan picked up the teacup and took a sip, then spit out a piece of tea, looked up at Soros. Seeing Soros's face turned red, like an angry bull, he felt a little relieved. In this way, he would not see his rudeness when he was angry.

Zhang Yan's careless behavior finally angered Soros. Soros stood up and roared at Zhang Yan: "You are wrong. You not only lost the Lightning Fund, but also lost everything else. I can guarantee that you will have no place in the financial world in the future. You will not only be in the United States, but also in China. You will be unable to gain a foothold for your madness."

What an impulsive old man, he came over to disturb himself at noon, which was really unreasonable. Zhang Yan raised his teacup, took a sip gracefully, then stood up and said, "So what? Maybe you can defeat me, but you can't defeat Hong Kong or China..... Cough cough."

Zhang Yan quietly spit out a piece of tea, then suddenly opened the curtains, and the bright sunshine shone in from outside the window. Soros covered his eyes with his hands. Zhang Yan's words echoed in the room and looked at the people below. In order to revitalize the economy of their own country, they can work hard and consume hard. Can you defeat such a people?"

Soros fell on the sofa, covering his eyes and did not speak. Soros opened his mouth, but finally did not speak. After a while, Soros regained a little vitality and brewed himself a cup of tea. The tea tray jingled on his hands. After taking a sip, Soros felt a little better.

The TV on the wall attracted Soros' attention. The screen on the TV is the Great Hall of the People, the Chinese Prime Minister and the Economic Tsar were speaking. Soros had a premonition that he would definitely encounter something, and his premonition was soon fulfilled.

"China will protect Hong Kong at all costs..."

With a click, Soros's tea cup fell to pieces on the ground.
Chapter completed!