The flowers in the factory of rebirth are too fierce

On August 8, due to the poor performance of some blue-chip stocks that had announced interim results, the Hang Seng Index fell 7 points, or 212%, throughout the day. In the following trading days from the 2th to the 7th, the Hong Kong Island government continued to adopt the method of absorbing Hong Kong dollars to stabilize the interbank interest rate and thereby achieve the purpose of stabilizing the stock market. However, due to aggressive short selling by speculators in the stock market, the Hang Seng Index eventually fell to a low of around 13 points, almost 6000 points lower than a year ago, and the total market value evaporated by HK$3000 billion in one year.

On August 8, after the Hang Seng Index fell below 13 points, the Hong Kong government organized Hong Kong and mainland funds to enter the market and started a battle for the August stock index futures contract with its opponents. Speculators want to suppress the index, while the Hong Kong government wants to hold on to the index, forcing speculators to be unable to fully cash out their contracts before the end of August. After the Hong Kong government entered the market, it bought a large number of August stock index futures contracts that were shorted by international speculators. The purpose of Hong Kong Island is to push the futures index from 7800 points before entering the market to 8 points, which is higher than the average position opening price of 8 points by investment speculators. This is considered an initial victory. After the market closed that day, the Hong Kong government announced that it had used the Exchange Fund to intervene in the stock and futures markets.

On August 8, the Hong Kong Island government officially participated in stock and futures trading. In order to safeguard the Hong Kong dollar, the Hong Kong Island government brought huge amounts of foreign exchange funds into the stock market and futures market to directly confront speculators. The Hong Kong government issued instructions to many securities companies on Hong Kong Island to absorb a large number of blue-chip stocks in the Hang Seng Index, saying that it must raise the stock index by 14 points in August at any cost. The Hong Kong Island government's reversal from its previous "active non-intervention" policy has dealt an unexpected and heavy blow to speculators.

Just as the fierce battle between the Hong Kong Island government and international hot money was in full swing, good news came on August 17. The authorities of Goose Country suddenly announced three intervention measures to stabilize the financial market.

One is to proactively devalue the ruble by 20%.

Second, the repayment of maturing foreign debts was postponed for one month, and the authorities issued new energy bonds to offset previously owed foreign debts.

The third point is a fatal blow to international speculators. The short-term treasury bonds previously sold by the Mao Xiong government were changed to three-year treasury bonds.

As soon as the financial remedial measures of the Goose Country authorities were announced, hedge funds across Wall Street immediately started to curse.

The third measure in the measure is to change short-term government bonds to three years, which will kill these hot money.

What international speculators pay attention to is fast in and fast out. Now the Goose Country authorities have changed the short term into three years. The more than 30 billion US dollars of investment that previously entered the Goose Country bond market is completely trapped in the Goose Country.

Wall Street has suffered heavy losses, but for Hong Kong Island, the enemy has fewer bullets, which is definitely a great thing.

During dinner in the evening, long-lost laughter was heard in the hotel restaurant. The traders who had been tense during this period finally relaxed a little, and some even joked when they met each other.

Lin Zhiyuan and Li Xiaoning were surrounded as soon as they entered the restaurant.

During the few days he stayed in the closed hotel, he almost became a wizard-like existence. Because his predictions during this period were always accurate, no matter how fierce the international speculators were, Lin Zhiyuan remained extremely calm, "Don't panic, everyone, the final victory must belong to us."

"Mr. Lin, Wall Street has suffered huge losses this time. About 300 billion US dollars are trapped in Mao Xiong and cannot get out."

"Mr. Lin, you said international hot money will not stop here?"

give up? How can it be?

Lin Zhiyuan shook his head.

Now that the financial war has reached this point, international hot money cannot stop even if it wants to. Because August 8 is the settlement day for the August contract of Hong Kong Hang Seng Index futures, international speculators have a large number of futures orders in their hands and must sell them when they expire. If the stock market and foreign exchange market can stabilize at high levels or continue to break upward that day, speculators will lose hundreds of millions or even billions of dollars in capital. On the contrary, the tens of billions of Hong Kong dollars invested by the Hong Kong government will be in vain.

The two sides are already locked in a fight to the death.

Just when people were surrounding Lin Zhiyuan, hoping to hear some auspicious words from his mouth, Director Zeng and Zheng Gang walked into the restaurant, both of them looking solemn.

The two men ran directly towards Lin Zhiyuan. Seeing how serious these two men were, the traders knew that they had something to say to Lin Zhiyuan, so they all dispersed with their own plates.

"Professor Li, Mr. Lin, let's have a small meeting after dinner." Zheng Gang said.

Lin Zhiyuan didn't ask anything, just nodded.

The four of them ate very quickly, and the battle was resolved in ten minutes.

Lin Zhiyuan and Li Xiaoning followed Director Zeng and Zheng Gang upstairs.

In Director Zeng's room, a small meeting attended by only four people was held.

The door was closed, and no one else knew what they were discussing.

The meeting lasted for more than two hours. The door opened again, and Lin Zhiyuan and Li Xiaoning walked out with tired faces.

From behind, Director Zeng's voice came, "Don't worry, you two. I will report to the chief executive immediately and ask for the support of powerful large enterprises in the mainland."

******

The next day, Li Zhenshan, who was researching advanced experiences in state-owned assets supervision in Shanghai, suddenly received a call from Wu Dingguo, "Zhenshan, I will return to Beijing immediately. I have an important task."

Wu Dingguo's voice was very serious. Li Zhenshan knew that something big had happened as soon as he heard it. Without saying a word, he flew back to Beijing that night.

On the third day, Li Zhenshan followed Wu Dingguo into the Government Affairs Council.

On the fourth day, many heads of state-owned enterprises with the prefix Guo received calls asking them to come to Beijing urgently for meetings.

The meeting only lasted half a day, and the responsible persons quickly returned to their respective companies.

Does anyone know what this meeting is about? Everyone is tight-lipped.

******

On August 8, when the financial war on Hong Kong Island entered a fierce stage, the mainland government held a press conference. The spokesperson made it clear: As long as the Hong Kong Island government makes a request, China will fully support it unconditionally. The 22 billion people will always be the strong backing of Hong Kong Island. .

The live press conference was broadcast on televisions in thousands of households on Hong Kong Island, instantly boosting the confidence of Hong Kong people.

On August 8, traders acted simultaneously, with tens of billions of Hong Kong dollars entering the market to intervene. The Hang Seng Index fluctuated violently that day. Although it once plummeted by 24 points for a short period of time, it was quickly pulled back. At the close, the Hang Seng Index rose by 300 points.

It has been a thrilling August for the blockers and defenders of Hong Kong's financial markets. The curtain of the decisive battle has been drawn, and the final moment of the decisive battle is coming.

The air in Hong Kong Island and Wall Street was almost frozen, and financial practitioners in both places felt the suffocating tension.

8 month 26 day.

Louisa flew from New York to Hong Kong Island. As soon as she landed, she couldn't wait to turn on her mobile phone and dial Lin Zhiyuan's number. Unfortunately, the sound coming from the receiver was that the other party's phone had been turned off.

Louisa dialed Slosso's number again, "Mr. Slosso, I can't contact Lin Zhiyuan. Except for Lin Zhiyuan, several important financial figures in Hong Kong Island can't be found."

Slosso sighed, "They should be locked up somewhere by the Hong Kong Island government. Forget it, Louisa, come back! Some things are unavoidable. This is fate!"