Chapter 571 Mysterious Seller

At the ** moment of Xiang G's return, the so-called financial turmoil broke out in Asia, the meaning of which is intriguing.

International financial speculators began to bite and prey on Asian countries like sharks that smelled the smell of blood.

Thailand has been hit hard again.

In order to boost market confidence, Thai Prime Minister Auri had to make a televised speech: "I reiterate that the Thai baht will not depreciate, and we will let those speculators lose their money."

However, I swear that the financial market will not change because of his oath. At this time, the Central Bank of Thailand has run out of food, and the only $30 billion of foreign exchange reserves have been spent. Just two days after Thailand's Prime Minister's speech, the Central Bank of Thailand was forced to announce a floating exchange rate system, abandoning the 13-year-old Thai baht-linked exchange rate system to the US dollar. On the same day, the Thai baht plummeted by 20%, and then the governor of the Central Bank of Thailand announced his resignation. On August 5, the Central Bank of Thailand decided to close 42 financial institutions. At this point, the Thai baht has completely lost.

The same thing happened in Thailand, as well as the Philippines, Malaysia, Indonesia...

The four Asian dragons are their targets.

These countries have just been popularized by the media, saying that they can soon catch up with developed countries, but in a blink of an eye, they have become the delicacy in the mouths of giants. They have been bitten to the skin, accumulated decades of wealth, and have been swept away by them in just a few days.

In mid-August, there were finally some ups in the Xiang G foreign exchange market.

At this time, Lin Hong did not stay in the villa of the third brother, but moved to the Taikoo Building at No. 8 Ganuo Road, Central, Xiang G Island.

To the north of the Pacific Tower is the scenic Victoria Harbour, which is located in one of the most prosperous business districts in Central.

Lin Hong and Phylise have moved here for a while and chose the place here for no other reason, just because the Asia-Pacific headquarters of JPMorgan Chase Bank is here.

On a first-come, first-served basis. In order to facilitate the mobilization of funds, coordinate relations, and respond in a timely manner, Phyliz asked the bank manager to specially allocate a hall as the combat headquarters of this operation.

To be honest, Lin Hong's previous pattern was still a little small. He originally thought that two billion US dollars should be enough, but from what he learned these days, his little money was thrown in the market, and he could hardly hear a sound, and he couldn't fight.

Of course, he did not expect that he could compete with them alone. He just wanted to take this opportunity to get some food out of their mouths.

However, with the joining of Phylise, his plan has been modified.

Felice was not very interested in this operation. She ran over, mainly to play and meet her brother Stone. Now, her thoughts are all attracted to Xiang G's financial market. According to the information she has learned, what will happen here is not small and worth her fight.

Felice urgently dropped a group of financial professionals from the headquarters a few days ago to enrich their two-person team.

That night, she was woken up by her men.

When Phyllipse arrived at the battle hall, Lin Hong was already there.

His subordinates reported to her: "Miss Morgan, there was a great fluctuation in the Xiang G foreign exchange market tonight. The data shows that a group of powerful investment funds have entered the Xiang G foreign exchange market."

After hearing the news, Phylise couldn't help but feel refreshed: "Can't you finally start to help it?"

Looking at the exchange rate of the Hong Kong dollar against the US dollar on the display, Lin Hong said, "Check the reason."

As soon as his voice fell, someone immediately began to call.

This information is basically transparent. As long as there is enough relationship, you can get this information as soon as possible.

Some of the team they formed flew directly from the United States, and some were local financial talents. Some of them were found by Xiang G Morgan Chase Bank, while others were found by Lin Hong through Huang Yue's relationship.

Huang Yue naturally did not refuse Lin Hong's request at all.

Regarding the last time he was invited to the banquet of the Li family, Huang Yue deliberately came to explain to him, saying that he came on behalf of Mr. Li Jialun. He apologized for what happened last time and wanted to invite him to discuss the plan again.

Lin Hong didn't care much about this, but he said so, but he was unwilling to set foot on Li's house again, and he was also interested in Li Jialun's common plan.

He learned from Huang Yue that they believe that the financial giants led by quantum funds should attack the Hong Kong dollar just like dealing with other countries in Southeast Asia.

But Lin Hong has his own opinion in his heart.

Lin Hong didn't say much about this. Other people's words were slight, and he was not a professional in this industry. Even if he said something, the other party probably just laughed and would not take it seriously.

The people they invited back all passed Lin Hong's personal interview, at least there was basically no problem in terms of professional ethics.

After Lin Hong's order was issued, soon a young man wearing glasses reported to him: "Someone is making airport yuan. They use financial futures. Some time ago, they used Hong Kong dollar futures for three and six months to buy Hong Kong dollars, and are currently short selling."

As soon as his voice fell, the exchange rate curve in the display began to continue to decline, from 783 to 782, 780... and there was a continuous downward trend.

According to this trend, the exchange rate of the Hong Kong dollar against the US dollar will soon fall below $775.

775 is a special position, which is known as an important psychological key point of the Hong Kong dollar exchange rate.

According to the provisions of the Hong Kong dollar linked exchange rate system, the Hong Kong dollar is pegged to the US dollar at the middle price of 780 Hong Kong dollars, with a fluctuation range between 7.75 and 7.85 Hong Kong dollars.

Once it falls below this price, it will have a greater impact on the market. The Xiang G financial management authority must take corresponding measures to stabilize the price and prevent it from continuing to fall. If you need to stabilize the price, you must buy the US dollar and put out the Hong Kong dollar, so as to suppress the Hong Kong dollar and prevent the appreciation of the Hong Kong dollar.

In fact, this action is mainly based on Lin Hong, supplemented by Phylise, which is something they have agreed on before.

During this period, Lin Hong has been learning some knowledge in the financial field with Felix. Of course, Felix is not stingy to accept him as a student.

The reason why he became interested in finance is that Lin Hong wants to have a deep understanding of the laws behind finance and prepare for the later writing of electronic money.

In fact, Lin Hong is so actively involved in the financial game this time. The main purpose is still this, and making money is only secondary.

Needless to say, Lin Hong's talent is that his learning progress is so fast that Phylize has a problem with him. He complains to him that the students are not so good, at least leaving a certain room for the teacher to play.

The exchange rate finally reached the key point of 775, and then began to go down.

Everyone is looking at Lin Hong, waiting for his instructions for the next step.

"Wait." It took Lin Hong a long time to spit out such a word.

Feliz knew that he meant to wait for the Xiang G government to take action.

This is just a test of the Hong Kong dollar by those financial giants. It's completely wrong. Try the water.

Sure enough, after a while, the downward trend of the Hong Kong dollar interest rate began to stabilize, and the Xiang G government began to take action to maintain the stability of the exchange rate.

At this time, Lin Hong immediately said, "Eat the Hong Kong dollar they threw out!"

In order to maintain the interest rate at this level, the Xiang G government must buy the US dollar and buy Hong Kong dollars, and they just took over the whole Hong Kong dollars.

By the early morning of the next day, they had eaten about $300 million in Hong Kong dollars.

In the morning news, Financial Secretary Donald Tsang issued a press conference announcing that last night, the Xiang G government had successfully repelled a wave of speculation against the Hong Kong dollar.

In order to continue to crack down on these financial speculators, the Xiang G government also took a series of measures in the following time, such as tightening the bank, the HKSG raised the interest rate on loans to banks, forcing banks to return excess positions.

That is to say, in order to make airport dollars, Soros borrowed from the bank and signed a contract. Once it expires, they have to return these Hong Kong dollars.

But now, the HK Administration has introduced some measures so that you can't buy enough Hong Kong dollars at that time, so that he can't borrow Hong Kong dollars, so that he can't pay back the money, and if the contract expires, he still can't pay it back, then he will lose.

Even if the other party can buy the Hong Kong dollar, its cost will also increase, and it will sell the Hong Kong dollar at a high price. After the Hong Kong dollar falls, the calculation of buying and repaying the loan at a low price will not work.

Almost overnight, the interest rate of lending Hong Kong dollars from banks soared to 140 percent of the original interest rate.

Others who followed these giant crocodiles who drank soup were deterred by this extremely high speculative cost.

It turns out that these measures of the HKV are very effective. A few days later, the Hong Kong dollar foreign exchange market returned to its usual calm.

These financial speculators retreated, and their first wave of action ended in failure.

They finally bought Hong Kong dollars to repay the previous loan, but the price of Hong Kong dollars at this time is even much higher than the price when they borrowed money before, that is to say, they bought Hong Kong dollars at a higher price than before to repay.

Many people in the industry are surprised that since the HKZ has made such strict restrictions, how did they buy Hong Kong dollars later?

Where did such a huge number of Hong Kong dollars come from?

This answer is not even clear to those speculators. They only know that at the last moment, a mysterious seller suddenly appeared in the market. They put up a huge Hong Kong dollar selling order. Although the price is a little high, it is better than nothing. The loss is still acceptable. After all, it is only a test for the time being, and this Li is not their main battlefield.