Yanei of Rebirth

The emergence of a large number of random selling orders caused the exchange rate of the Hong Kong dollar in major exchanges to plummet, and soon fell to the psychological barrier of [-] Hong Kong dollars per U.S. dollar.

The Hong Kong government implements a fixed exchange rate system that closely follows the U.S. dollar.This is very beneficial to stabilizing the financial market and promoting the development of Hong Kong's economy.Over the years, the exchange rate of the Hong Kong dollar to the US dollar has been relatively stable, and this exchange rate has become a barometer and reference for the stability of the financial market.

For several days in a row, the ratio of the Hong Kong dollar to the U.S. dollar continued to decline, and Hong Kong's financial market was suddenly in chaos. In the past few months, the financial turmoil swept across Southeast Asian countries. Funds were everywhere, and many people went bankrupt. time into abject poverty, and even heavily in debt.These bloody realities have impacted the tense nerves of Hong Kong citizens from time to time. They were already panicked, for fear that such bad luck would suddenly befall their own heads.Mental endurance becomes extremely fragile.

As soon as the financial market showed signs of collapse, the citizens immediately panicked and flocked to the major banks to run on the banks, exchanging the plummeting Hong Kong currency for US dollars.

The lessons learned from Thailand and other Southeast Asian countries show that under the impact of powerful arbitrage funds and international hot money, the Hong Kong government will sooner or later be unable to resist and will abandon the fixed exchange rate.As a result, the Hong Kong dollar wealth they have worked so hard to inherit will be greatly reduced.Therefore, everyone wants to exchange their money into dollars as soon as possible before the government abandons the fixed exchange rate for insurance. [

As a financial city in Hong Kong, the stability of the financial market is crucial to the economy of the entire city.Maintaining a fixed exchange rate system is a guarantee for maintaining people's confidence.

For the first time since the implementation of the fixed exchange rate, the Hong Kong dollar is in a hurry.

The Hong Kong Monetary Authority immediately reacted strongly, using a large amount of foreign exchange reserves, entering the market urgently, forcibly intervening, accepting a large number of Hong Kong dollar selling orders, and abruptly stabilizing the exchange rate above the psychological threshold.

As soon as the arbitrage fund made a move, the expert group paid close attention to the security of the situation.

However, the members of the expert group are all experienced "old Jianghu", and they did not overreact to such a round of tentative attacks. After deliberation, they made the same decision as Liu Jun—wait and see what happens!Because of the strong intervention of the financial management department of the special zone, the expected effect has been received.The Hong Kong dollar exchange rate began to rebound.The wave of runs at the gates of major banks has been temporarily eased.

But just two days later, more selling orders poured into the market, and the Hong Kong dollar exchange rate fell below the psychological barrier of [-] in one fell swoop, and fell rapidly.The wave of runs that had just been slightly eased emerged again, more intense than last time.The SAR government had to mobilize a large number of police forces to maintain continuous and urgent adjustment of positions to cope with the run on the bank and avoid bankruptcies.

As the battle became increasingly fierce, Comrade Liu Jun never showed up at the Qiushui Hotel. Qiu Qingchuan couldn't help being surprised.At such a critical moment, where did this dear friend hide?

This is not quite like Liu Jun's style.Secretary Liu sometimes behaved with personality, but he was by no means irresponsible. "Hey, Liu Jun, where did you go?" Qiu Qingchuan couldn't help calling Liu Jun.

Liu Jun smiled and chatted on the other end of the phone, but what he said made President Qiu stunned. Secretary Liu said: "I'm shopping, shopping with beautiful girls, shopping for some small things. What do you want, I'll bring it back for you! "

Qiu Qingchuan couldn't help but fainted for a moment: "You are awesome!"

"What's the rush? Haven't you watched the movie? In the movie, the master is always the last to appear! As soon as he appears on the stage, he will kill the Quartet, conquer all the barbarians, and be the enemy of the world!"

Secretary Liu was still leisurely and leisurely, taking the time to tease President Qiu.

"Well, you can buy me a diamond ring, one carat."

President Qiu is also a wonderful person, and he quickly regained his composure.You can't call this arrogant guy Dian, F Liu Jun asked with a smile: "Okay, is it for Wenwen?"

"No, it's for my wife! When you come to Hong Kong, you always have to bring something back for business."

Despite being separated by the phone line, Secretary Liu gave a thumbs up, and praised: "What a loving and affectionate gentleman of the Qiu family, brothers admire! I respect you, this diamond ring is my gift to my sister-in-law!"

"That's it, let's buy a two-carat one!" President Qiu said with a smile. Secretary Liu couldn't help but staggered. Sure enough, there are even stronger hands among the strong, and a mountain is higher than a mountain! President Qiu is very skillful! "Anyway, you kid has money, so if you don't knock it for nothing, don't knock it! "President Qiu's last words made Secretary Liu completely speechless. You are careless in making friends! Despite being careless in making friends, Secretary Liu still kept his promise and bought a two-carat diamond ring for President Qiu. He gave it to Qiu personally. The president sent it to the Qiushui Hotel. Coincidentally, Director Hao of the Financial Management Bureau of the SAR Government came to visit the expert group. Secretary Liu also attended the meeting.

Director Hao's heart was very heavy, his eyes were bloodshot, it was obvious that he hadn't slept well in the past few days.It's no wonder that the fate of the neighbors was too shocking, so he couldn't help but feel nervous.

"Professor Sheng, the situation is very critical now. I hope the central government can lend a helping hand. Director Hao didn't have many pleasantries, and quickly got to the point, saying solemnly that Professor Sheng looked at the deputy team leader Quan Tianqing beside him. [

Song Yaoqing nodded slightly.

When the expert group went to Hong Kong, it was actually fully authorized by Vice Premier Hong to directly mobilize a huge amount of foreign exchange reserves and intervene in the market.The central bank has also received the same order and will fully cooperate.

Professor Sheng was about to speak when Liu Jun suddenly raised his hand and said with a smile, "Professor, I want to say a few words.

"Speaking!"

Sheng Dacheng said in a deep voice.

"Mr. Hao, I think it's just a tentative attack now, and the main force of international funds has not appeared. At this time, it is not appropriate to expose our strength prematurely.

Liu Jun said calmly.

"Premature exposure?

Director Hao asked back, and seemed a little out of sorts.

"Yes. In my opinion, this fight against the International Fund should not only be satisfied with repelling their attack. It should be severely damaged! Only in this way can they remember this teaching "In the future, they will not dare to fight against them again." Hong Kong's financial market shot! "

Director Hao pondered and said, "Mr. Liu means to show weakness to others?

"Exactly!"

Liu Jun smiled and nodded.

"A few days ago, we should guard our defenses and not rush to fight back. When the international funds mobilize more funds to attack in an all-round way, we will attack them hard and defeat them in one fell swoop, severely damaging their fundamental strength. In this way, it will be very important for the future development of Hong Kong. Good."

Sheng Dacheng Jiaotou asked with interest: "How do you plan to fight back?"

Liu Jun smiled and said: "It goes without saying that capital reserves are the fundamental means to ensure victory. As for technical means, I suggest that the SAR government consider issuing a large amount of government bonds at an appropriate time and forcibly raising the Hong Kong dollar interest rate. In order to drive the exchange rate of the Hong Kong dollar against the US dollar to rise. In addition, it is also a common practice to substantially increase the interbank overnight lending rate and increase the transaction costs of speculators. Of course, when it is appropriate, the central banks of many countries will come together to exert pressure and deter The withdrawal of small-cap international hot money weakens the power of speculative funds and can also be used.”

A look of shock appeared in Director Hao's eyes.

As the director of the Hong Kong Counterpart Affairs Bureau, he naturally has a very clear understanding of the basic situation of the eleven members of the expert group.It seems that this young Mr. Liu Jun is officially the deputy secretary of the municipal party committee of a provincial capital city in the Mainland, not a professional financial official.At that time, Director Hao felt very strange that Liu Jun appeared in the expert group.

Such a young party official has nothing to do with the mission of the expert group to Hong Kong this time.

Maybe it was another special arrangement.With different systems, Director Hao doesn't have a very thorough understanding of the officialdom in the Mainland after all.

Unexpectedly, it was this so-called "expert" who appeared "inexplicably" who was so familiar with financial operation methods.And majestic, far-sighted.It seems that Dang Kui is a hidden dragon and crouching tiger in the officialdom in the mainland!After a brief consultation, the expert group and Director Hao finally accepted Liu Jun's suggestion, and for the time being, they will only do a conservative defense, not a full-scale counterattack, and show weakness to others.

The next day, the Hong Kong Monetary Authority once again used foreign exchange reserves to intervene in the market, raising the Hong Kong dollar exchange rate above the [-] mark, barely holding on, and repelling the tentative attacks of international funds. [

The development of the matter was almost exactly the same as Liu Jun's prediction.

In late July, Soros' Quantum Fund took the lead and raised a large amount of funds to attack the Hong Kong dollar again, making a large number of forward purchases on the Hong Kong dollar, preparing to repeat the glorious scene of besieging the Thai baht.This trick really worked. On that day, the three-month forward price of the U.S. dollar against the Hong Kong dollar rose by more than 200 points, and the three-month interbank offered rate of the Hong Kong dollar skyrocketed.The Hong Kong dollar is in a hurry again.

In the operating room of the Qiushui Hotel, Liu Jun glanced at the prices of various exchanges, with a smile on his face, and said to Professor Sheng Dacheng, "Professor, the big fish has been hooked, let's do it!"

Sheng Dacheng also nodded with a smile.

Walking out of the operating room, Liu Jun took out his phone, called Huang Miaoqi, and said four simple words: "Attack all fronts!"

Following Liu Jun's order, a well-planned counterattack started in full swing.

The next day, the Hong Kong government announced the issuance of a large amount of government bonds, raising the interest rate of the Hong Kong dollar, which in turn drove the exchange rate of the Hong Kong dollar against the US dollar to rise sharply.At the same time, the Hong Kong Monetary Authority issued verbal warnings to two banks suspected of speculating in Hong Kong dollars, which made a group of Hong Kong dollar speculators terrified and immediately withdrew their funds.The Hong Kong Monetary Authority raised short-term interest rates sharply, causing the inter-bank overnight lending rate to skyrocket, and the transaction cost of speculative funds increased sharply.

Immediately afterwards, a meeting of the central banks of my country, Australia, Hong Kong Special Administrative Region, Japan and ASEAN countries was held in Shanghai, and a statement was issued "Strengthen cooperation and jointly combat currency speculative forces.

A series of blows, especially the massive buying orders swarming in! The $ gold caused the exchange rate of the Hong Kong dollar to the U.S. dollar to continue to rise, international speculative funds suffered heavy losses, and suffered heavy losses.Speculative funds had to leave Hong Kong in embarrassment.

The counterattack is a complete victory!