At this moment, the eyes of the financial world and related people all over the world fell on Hong Kong. The reason was very simple. They were very curious. How long could Hong Kong last this time?
That's right, they were curious about how long Hong Kong could last, not whether Soros would fail!
Soros failed?
This was absolutely impossible. Starting from January 1997, for an entire year, Soros swept through the entire Southeast Asia. He was invincible. Thailand, Indonesia, South Korea, Laos, and so on. The economies of more than a dozen countries were all destroyed by Soros. It was said that Soros earned an astonishing profit of tens of billions of dollars in a year, scaring everyone in the world, and even all the countries except the United States.
How could such a Soros be defeated by a small Hong Kong?
This was absolutely impossible!
In fact, if it weren't for the parents behind him, Hong Kong would probably be dead already.
All the spectators were not most concerned about whether Soros would win, but how much he would win. At the same time, how miserable his parents would be in the end.
Although almost no one could find evidence that the source of the funds was Hong Kong's parents, they only knew that the funds were transferred from a domestic bank, but that was enough.
Who else could the funds transferred from Hua Xia belong to other than his parents?
Although his parents had never admitted it, this was understandable. After all, his parents were determined to enter the WTO, so it was not convenient for them to directly interfere with the market. They would never admit that this money was paid by them.
Furthermore, in order to disguise the origin of this fund, his parents might transfer this fund to the account of a large company or financial institution, and then say that it was the market behavior of this company or financial institution. These were all normal operations, and there was nothing strange about it.
Therefore, all the spectators were certain that his parents had made a move. Hong Kong and Soros also felt that his parents had made a move. The only people in the world who knew the truth were probably Boss Jia, the traders in Boss Jia's villa, and some of the higher-ups of G&S Bank.
As for Boss Jia, he was actually very happy to be hidden. Some credits could be taken, but some credits could never be taken. His parents' credit belonged to his parents. He was just a trader who could earn some money while he was at it!
Boss Jia knew his position very well.
Under the attention of all the international financial figures, the XG stock market finally reopened on January 30, 1998. Then, it fell to 6686 points when it opened, but very quickly, this point was raised back up. When it closed at noon, it stood at 6800 points again.
In the afternoon, the stock market continued to fall. It was close to 6666 points again, but in the end, it was lifted back up and closed at 6821 points.
That night, someone calculated the relevant data and found that the trading volume of G shares in one day was close to 6 billion US dollars. The funds used to protect the market were as high as 2.9 billion yuan.
In other words, in one day, his parents had spent 2.9 billion USD to keep the 6666 points.
Although this number was lower than the previous time, it still made everyone sweat.
This was 2.9 billion USD. It was equivalent to the GNP of many countries for a year. In just one day, it directly evaporated.
However, this was just the beginning. On January 31, the stock market opened, and the stock index continued to fall. However, it was stretched again, then fell again, and stretched again. In one day, it actually approached 6666 points four times. Then, it was pulled back to 6800 points four times. All the shareholders of G shares were dumbfounded. They had never seen such an awesome curve in their lives!
This tug-of-war continued until February 5. According to the statistics, in these six days (with a rest day in between), the G share index approached 6666 points 18 times, but it was pulled back all the time. The strength of the protection of the market was unparalleled. It kept biting on 6666 points and did not let go. Soros' words did not come true for the first time.
In these seven days, the two sides had spent a total of nearly 40 billion USD of funds or stocks. The side that was protecting the market had spent a total of 20 billion USD, and the side that was smashing the market had also taken out the equivalent amount of stocks. The two sides could be said to be a bloody battle. 14% of the circulating stocks in the XG stock market had been transferred. The entire situation was a mess.
Many people who were originally confident in Soros' victory were now hesitant. Are my parents really going to fight to the end?
Is Soros really going to face the first failure of his life?
What is Soros doing at this time?
February 7, G shares were closed for two days. Soros still stayed in the hot spring hotel in Fusang, but he no longer had Yamato Nadeshiko by his side. Instead, a few of Soros' assistants gathered around Soros. They constantly helped Soros to collect all kinds of information and information while calculating at the same time.
This showed that Soros was really starting to take this enemy seriously.
"Boss, the international hot money has been going back and forth. They have been complaining. Why did they take the lead and we didn't do anything?!" An assistant said with his head lowered.
That's right. Although the previous week was chaotic, Soros' funds and shares were not used at all. The ones who fought with Boss Jia were the international hot money.
These international hot money managers were not as calm as Soros. They couldn't accept the situation of G shares rising, so they took the first step to suppress G shares again. They wanted to at least break through the bottom line of 6666.
Soros was also happy for these guys to take action. Anyway, it was fine as long as they didn't spend his bullets. At the same time, they could also help Soros test the opponent's bottom line.
"We must figure out the opponent's bottom line!" This was what Soros often said to his assistants. It was also one of the reasons why Soros could become an ever-victorious general.
The most important reason why Soros could win was because Soros could often use information to accurately calculate the opponent's bottom line. As long as he knew the opponent's bottom line and knew how much funds they could use, he would naturally be invincible. After all, if the opponent ran out of money and you still had it, then you would definitely win.
Soros had been sitting on the fishing platform for a week. The main reason was that he was investigating the opponent's bottom line. If he didn't figure this out, he would never be at ease.
However, this time, the opponent's bottom line was more difficult than before. Because the opponent's financial system and national units were full of loopholes. Soros only needed to spend a small amount of money to know how many bullets the opponent had in their vault.
But this time, Hong Kong's parents were different. Their financial system was almost closed, and their management was very strict. Soros couldn't even get half an accurate number in a week.
Soros was still worried because he didn't know how much foreign exchange reserves his parents had.
Although his parents announced that the total amount of foreign exchange reserves was 24.8 billion USD, this number was obviously wrong. The opponent had already spent nearly 28 billion USD. How could they only have 24.8 billion USD in foreign exchange reserves?!
"There's news, there's news!!!" At this moment, an assistant picked up the phone and shouted excitedly.
"What news?" Seeing his assistant's expression, Soros couldn't help but be a little excited.
"The opponent's trump card!" The assistant swallowed and said, "The total amount of USD in their vault is about 56 billion USD. The difference won't be more than 1 billion USD!"
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