The Son of Finance of the Great Age

  Chapter 442 "Official" base battle (1)

  Finally, the worries of the future have been resolved, and Zhong Shi can finally let go of his fists and kicks.

Since the news of the "Hong Kong government" bailout came out in the market on the 14th, the media began to frantically hype the relevant news, calling this contest between the "Hong Kong government" and hedge funds "the 'official' base war." , Some media also called it "the 'official' crocodile war". People from all walks of life are frantically digging out the inside story, newspapers, magazines, radio stations and so on, hoping to find exclusive or exciting first-hand information.

   It's just that they don't know that the "official" in their eyes is not a real official, but a hedge fund they have never heard of. It's just that even if someone can inquire about this news, it is of no value at all, because according to the agreement reached between Zhong Shi and the Hong Kong government officials, Tianyu Fund can change its nature at any time and become a fund that helps the Hong Kong government manage its funds.

  Among the plethora of reports on the "'official' base war", the report by Zhou Liming, the chief reporter of "Sing Pao", is the most unique. In addition to some well-known facts, Zhou Liming's report also added a lot of little-known inside stories, and these insiders with a discerning eye can understand at a glance that these must be known to those who are fighting on the front line.

For example, the incident of "short-term buying in three minutes" that once made a lot of noise, although the media gave various explanations for this situation, with various theories, Zhou Liming clearly pointed out in the report the next day that this was an international speculator. The off-market tricks used, through some shady means, made it impossible for the multi-party to place orders for a while, which caused the short-term disappearance of the market bulls. At the same time, he also pointed out that it is necessary to beware of the despicable means used by the bears in the final battle.

  As soon as the news came out, it immediately caused a sensation in the financial circles of Hong Kong. Although many people asked him to explain the details, Zhou Liming kept his mouth shut uncharacteristically, and never talked about more details. He just repeatedly said that the time had not come.

  The next day, August 26, Zhou Liming published another article on the "Officials and Bases War", and this time the sensation was even more pronounced. In the article, he directly pointed out that some big conglomerates and rich people disregarded the interests of the Hong Kong government and local residents, colluded with international speculators in private, and sold stocks in the market together in an attempt to cause the entire market to collapse.

Although Zhou Liming did not name anyone in the article, he made indirect remarks: "...in the regularly published financial statements, if it is found that the major shareholders of certain companies, or the controlling parties have significantly reduced their holdings, Then we have reason to believe that these shareholders may have participated in shorting Hong Kong....Although freedom of buying and selling is one of the rules of the Hong Kong market, their motives for selling at this point in time are absolutely questionable, not to mention the low selling itself It is a loss-making behavior. It is said that they reduce their holdings at this time, which in itself is a lack of confidence in the future of Hong Kong and their company. And the most important thing is that a large part of the funds raised by their reduction of holdings is from the HKMA. Funds are being received, and to a certain extent, their behavior is a naked robbery, and the object of the robbery is the wealth that Hong Kong's six million citizens have exchanged for their sweat and painstaking effort..."

  At the end of the article, Zhou Liming also called on investors to cast a vote of no confidence in companies that have reduced their holdings at critical times, or even not to buy their stocks. Because they abandoned Hong Kong at a critical time, the executives did not want to improve their performance but reduced their holdings and cashed in cash. This in itself is an act of selling the interests of shareholders, so what performance can a company with such executives be expected to make?

  As soon as the article came out, it immediately caused an uproar. The media was all over the place, which rich people in the city were colluding with international speculators, and they even gave silhouettes in newspapers for people to guess. Only then did ordinary citizens know that many of the richest men in the city had colluded with international speculators in an attempt to loot Hong Kong through the stock market. They were already dissatisfied with the wealthy class and real estate hegemony, and they were even more angry at this time, so many citizens made complaints to TV stations, newspapers, and government agencies, demanding that these wealthy businessmen who sell Hong Kong be severely punished.

It is also under this kind of pressure that Hong Kong's Legislative Council was able to quickly pass certain bills that are easily criticized in normal times. When it was finally implemented, it seriously hit the ability of international speculators to sell securities, and finally forced speculators to lose their helmets. Retreat like abandoning armor.

  This is a later story, so I won't show it for the time being.

In the capital market after the beginning of the 25th, as the trading days in August are running out, both long and short sides of Hong Kong stocks have gradually realized that if there is no winner in the August futures contract, both sides may Forced to shift the battlefield to the futures index in September. Therefore, in terms of index futures, a small number of short positions began to roll over positions, while most of the short positions remained silent.

   "How many lots were not closed last night?"

On the morning of the 26th, as soon as Zhong Shi entered the door, he immediately threw away the newspaper in his hand and gestured to Ma Jiarui. Ma Jiarui followed Zhong Shi into the office without saying a word. Are you planning to move the battlefield, or are you going to fight us to the end in August?"

"What kind do you want?" Ma Jiarui asked without answering, "Zhong Sheng, according to our current amount of funds, whether they turn to the next month or counterattack in the last two days of August, we have enough ability to deal with it. So what's the difference between the two?"

Zhong Shi was a little stunned for a while, and looked at Ma Jiarui with wide eyes. Seeing his disapproval, he lowered his face and asked loudly: "Ma Sheng, do you think that I have reached a new agreement with the Hong Kong government?" The agreement, as long as we delay it by one more day, our chances of winning will be better? Moreover, there are only three trading days left in the Hong Kong stock market, so with our current total funds, we will survive no matter what? Isn't it? "

"Isn't it?" Ma Jiarui's expression froze, and he couldn't figure out what Zhong Shi meant, so he had to say truthfully according to his expectation, "So far, we still have about 90 billion in funds, so we can get through this no matter what. A few days. Besides, the Hong Kong government will not refuse to save them in times of crisis.”

"Rather than relying on others, it's better to rely on yourself!" Zhong Shi said seriously, "If I'm not wrong, the international speculators should also be overwhelmed, thinking of a quick fix. Short selling in the futures market The orders are at least much larger than the usual monthly amount, and most of them have no intention of transferring positions, you should know it too, right?"

"But this does not constitute an excuse for international speculators to resist!" Ma Jiarui still did not give up, and argued stubbornly, "There are still two days left, and the number of short positions that have not been transferred means that the number of long positions has not been transferred. , but they may switch to September at any time in the next two days. What you said is not wrong at all. There were still 462,000 futures contracts in the market yesterday, which is much larger than the normal number of contracts in the past months. , but these are no excuses."

"Among them is my long position of 100,000 lots!" Zhong Shi's words made Ma Jiarui's face change drastically, and his next words made him speechless for a while, "I don't plan to close this 100,000 lots at all, It has been held until the final settlement date and settled in cash."

"So we don't have 90 billion funds anymore?" What surprised Ma Jiarui was not when Zhong Shi completed holding such a large number of positions, but that he lost 8 billion in one fell swoop by holding these positions. With the liquidity in Hong Kong dollars, plus additional margins, etc., these 100,000 lots of bullish futures positions took up a total of 10 billion Hong Kong dollars.

   "Not bad!" Zhong Shi nodded, and added, "In addition, there are several thousand short positions in September. The funds occupied by this part are not too much, basically negligible."

"September, September?" Ma Jiarui muttered a few words to himself, with a puzzled look on his face, but this confusion didn't last long, and soon his eyes brightened, and after a while , the expression on his face became extremely shocked again, because he thought of a possibility, "Even if we beat the international speculators in the futures index in August, it is inevitable that they will start all over again. We really plan to give up supporting the market Can the Hong Kong government agree?"

"If you don't agree, you have to agree. We are not philanthropists, so we can't support them endlessly." Zhong Shi shook his head, stood up and walked outside, "Besides, apart from these means of support, the Hong Kong government We should think of other ways to cut off the hype of international speculators. Go, I will take you to a place!"

"Don't watch the market today?" Ma Jiarui, who stood up and walked out following Zhong Shi inexplicably, was taken aback, and then asked, "If the speculators make another surprise attack like last time, then no one will be in charge of the central army, and the army will be in chaos." If so, what should they do?"

  While the two of them were talking, they passed through the trading floor where people were coming and going. Pointing to the traders who seemed to be in disarray but were in fact orderly, Ma Jiarui asked loudly.

"Don't worry, they know what to do, and besides, there is Ren Ruowei sitting in charge!" Zhong Shi waved to Ren Ruowei, who was sitting among the traders in the distance, and continued to move forward without stopping. Walking outside, "Also, if there is an accident, he can still find me on his mobile phone. Come on, now, I will take you to a place where I will have a showdown with them."

   "Showdown?" Before he could ask a question, Zhong Shi had already walked into the elevator, so Ma Jiarui had no choice but to take two quick steps, and entered the elevator with his mind full of bewilderment.

   Half an hour later, when Ma Jiarui arrived at the destination, he raised his head and saw the nameplate hanging on the floor, he couldn't help being stunned on the spot.

   "This... this... this is the Hong Kong office of the Quantum Fund? Zhong Sheng, the showdown you mentioned, is it impossible, this is impossible, how is this possible?"

   Ma Jiarui said three "impossibles" in a row, obviously he didn't dare to think that what Zhong Shi said could be connected with the world-renowned Quantum Fund.

Now in the global market, Soros and his Quantum Fund can only be described as flourishing, especially recently, with Soros’ order, the polar bear government had to give up the long-standing Russian ruble fixed exchange rate system and take the initiative to depreciate by 15 %, which makes the reputation of Quantum Fund and Soros in the global financial market reach its peak.

   As for the Hong Kong market, although Soros and Quantum Fund officials have not spoken out so far, everyone in the market knows that the most vicious attacks on the Hong Kong dollar and Hong Kong stock markets are Quantum Fund and Tiger Fund.

   Now, Zhong Shi actually said that he would have a showdown with Soros? how can that be? Even though he was not facing Soros himself, Ma Jiarui still felt incredible.

   "Nothing is impossible!" Zhong Shi took a deep look at Ma Jiarui, and then walked into the office area of ​​Quantum Fund.

   Ma Jiarui stared blankly at Zhong Shi's figure, and suddenly felt that his boss was so mysterious that he wanted to negotiate with Soros in a "whimsical way"? After a long silence, he still walked into the gate of Quantum Fund's Hong Kong office with a wry smile on his face.

   Thanks to book friend Pudding*cat for voting again! The author has been really busy in recent days. There is no way for some things to happen. I can only face them positively and try my best to do my best. If my mood factors make readers dissatisfied Please forgive me~ Now I have rearranged my thoughts, and continue to work hard to write books!

  (end of this chapter)