"Those idiots from Taiwan are letting Soros do what he wants!" Fu Rongqi scolded.
"Old Fu, from Taiwan's point of view, their losses are not high. If they continue to fight with Soros, they might win, but it will be a pyrrhic victory. At least the money they lost is much less than the foreign exchange they lost. But it will affect us. "Professor Liang sighed.
"That's not right. Hong Kong does not have much trade with Taiwan, and their economies are not linked. What has TWD's depreciation got to do with us?" Fu Rongbing asked.
"Then tell me, what does SGD's depreciation have to do with Ringgit? But after SGD's depreciation, did Ringgit's depreciation increase? This was a kind of herd effect, and Soros wanted this kind of panic. Taiwan's foreign reserves are the strongest in Asia, and even TWD's depreciation increased Soros's influence! " Professor Liang was also disappointed with the Taiwanese Government. They had wanted to help Taiwan compete with Soros in Taiwan's financial market.
With Taiwan's strong foreign reserves and their secret help, it is only a matter of time before they win. This will also deal a huge blow to Soros. Even if Soros does not suffer a lot of losses, at least Soros will lose all his profits from two or three countries!
But Taiwan does not want to fight with Soros, and this will be troublesome. Soros will not continue to suppress TWD as it will anger the Taiwanese Government. If Taiwan decides to use some extreme measures, Soros will surely lose.
Soros also knew when to stop. He immediately canceled all the TWD contracts and left after earning a little. But he really only earned a little.
Soros could not just let go of such a large sum of money. He would either continue to attack other new countries or choose to attack Singapore, Malaysia, Thailand, and other countries again to harvest more leeks.
Soros thought Feng Yu is already on his way to harvest the second batch of leeks. That's why he came to Hong Kong to give it a try.
Now, the Hang Seng index is around 12,800 points, and Fu Rongqi and the rest had pushed the index up. At the same time, those blind investors had calmed down. The entire Asia's financial crisis is about to erupt, and it's no longer a fool who invests in stocks.
Some investors who had invested in stocks had also withdrawn, causing the Hang Seng Index to fall slowly. Soros's men had tried to buy stocks several times in the past, but they had not dared to do so. They were afraid that this was a trap, and the Hang Seng Index would suddenly rise, and they would be in danger.
Now, Soros had transferred all his funds over, and he doesn't need to worry anymore. He starts to short the Hang Seng index!
…
"Someone is starting to short the Hang Seng Index. Soros has made his move!" He Zhaoji shouted.
Feng Yu immediately stood up and walked over to instruct. "Reverse position and buy Hang Seng Index futures! Make sure to control the amount of funds. Don't use too much. "
At the same time, Fu Rongqi, Professor He, and Li Zeju gave the same order as Feng Yu. They will fight to protect Hong Kong's financial sector!
Ren Zhigang, the head of Hong Kong's Monetary Authority, remembered what Fu Rongqi and the rest told him two days ago.
Fu Rongqi told Ren Zhigang that Soros had set his sights on Hong Kong and will attack HKD like other countries. He asked Ren Zhigang to be careful.
At first, Ren Zhigang did not care about what Fu Rongqi said. Soros still dares to attack Hong Kong, and he is still stuck in Taiwan's market.
But two days ago, Taiwan announced that they will stop supporting TWD, and Ren Zhigang was shocked. How can Taiwan lose? Since Taiwan had lost, can Hong Kong win?
Ren Zhigang's subordinate rushed in to report to Fu Rongqi. He asked if they should increase the interest rates to increase Soros's borrowing costs and prevent them from shorting HKD.
If it were in the past, Ren Zhigang would surely do this. But after Fu Rongqi's warning, Ren Zhigang decided to do something else.
"No. The interest rates will remain the same. Just inform the banks to control the short-term lending limit. Prepare to use our foreign reserves. We will buy back all the HKD they dump and deposit them in the bank! "
"Then how much foreign reserves do we need? What if we do not have enough?" His subordinate asked.
"Don't worry. Someone will help us to buy HKD." Ren Zhigang remembered Fu Rongqi and Superman Li's promise. Both of them said they will use a large sum of money to buy HKD, and they will do it.
Also, Fu Rongqi had told Soros that Hong Kong's linked exchange rate is linked to USD. How can Soros suppress USD?
The exchange rate of 7.75: 1 will not change. At most, there will be a slight fluctuation, and it will not affect anything. It is within the normal range, and Soros does not need to worry.
… …
Soros sat on the sofa with a glass of champagne in his hand. He is ready to celebrate Hong Kong's success. Soros will not make money from HKD's exchange rate. But if Hong Kong increases its interest rates, the stock market will fall. When Hang Seng index falls, he can continue to make money.
Suppressing HKD is only a smokescreen. Soros's four fund managers also felt this is a good idea!
"Boss, Hong Kong had announced their policies, but it is slightly different from what we expected!" Drucken Miller entered Soros's office to report.
"Huh? What's the difference? "Soros suddenly had a bad feeling.
"Hong Kong had only controlled the short-term lending limit and did not adjust the interest rates!"
Soros sat up straight. "What did you say? They did not adjust their interest rates?"
"They did not adjust their interest rates. But it is more troublesome for us to borrow HKD, and we can't borrow a lot. Hong Kong had used their foreign reserves to buy up all the money and then deposited it into the banks. We are losing interest for nothing. "
Soros put down his glass and tapped on the table. Hong Kong really has someone who can see through his intentions. This way, it will be a competition of funds, and it will be a competition of who has more funds.
"Hang Seng index did not fall?"
"It fell a little, and we can make up for our losses from the interest rates. But we might not be able to make up for our losses from selling HKD at low prices. "
"Don't worry. If Hang Seng index falls, we will not suffer losses. Don't forget that we had secretly built up our portfolio in London!"
HKD is one of the more active currencies in London's foreign exchange market. Even if Hong Kong cannot borrow HKD, it does not mean London cannot. Soros can continue to dump HKD.
"But Boss, this will be a competition of who has more funds. What should we do if someone pulls up Hang Seng index at this time?" Drucken Miller asked worriedly.
Before Soros could reply, one of the four fund managers, Thomas, ran into the office to report. "Boss, Hang Seng index had risen, and a large sum of money had entered the market to pull up Hang Seng index!"
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
