Chapter 883
In fact, at that time, the battle is no longer a matter of winning or losing, but dignity and sovereignty in the financial market!
Seeing Yao Yuan so serious, the three leaders with national characters looked solemn, especially Deputy Director Zhuo and Director Lin.
They were silent for a while, and Deputy Director Zhuo said, "Xiao Yao, I can be this witness, but the three of us are not worth enough."
After a pause, Deputy Director Zhuo said, "This is not a shirk. Can you wait until the market opens in the afternoon?"
Yao Yuan was puzzled, "Do you need to ask for instructions?"
Director Lin shook his head and said, "Before the market opening in the afternoon, Deputy Director Xia Honghua will come over. You and him are old friends. He is more important than our witnesses."
"So that's it, there's no need. There's only three of you." Yao Yuan was relieved.
Xia Honghua came to stand him at this time, and he knew without asking. If it was something else, Xia Honghua would definitely call first and then come over.
There was no worries here, so Yao Yuan called Gao Jian and issued an order to attack the Hong Kong dollar exchange rate.
Afterwards, the group of accounts that attacked the Hong Kong dollar exchange rate were dug out and did not belong to Soros and his followers. Behind the scenes was Yu Yongan. Yu Yongan, who stood in front of the stage, was attacked by a large number of experts and scholars, and was abused by Hong Kong people.
It was not until a few years later that Yu Yongan cleared away the grievances. Everyone discovered that Yu Yongan was the real hero, and only Li Bancheng was scattered. However, at that time, Li Bancheng had already declined...
Afterwards, a large number of experts and scholars objectively analyzed this time that the attack on the Hong Kong dollar exchange rate was actually planned by Yao Yuan, which generally formed a relatively unified view.
Against the backdrop of that time (1997), Hong Kong's economy declined, the real estate bubble reached its peak, and the New York stock market plummeted again, Soros attacked with all his strength with the power to capture Southeast Asia, Taiwan and other regions.
It is not difficult to repel Soros. With the support of the central government, the SAR government will definitely not be able to get the Hong Kong dollar exchange rate as long as it enters the market and supports the market.
But if you want to win over Soros, you must do something unusual.
Taking advantage of Li Bancheng's little thoughts, Yu Yongan used his innocence to penetrate Soros, and following Soros' attack on the Hong Kong dollar exchange rate was an active major operation. The purpose was two. First, it was to speed up and ignite the hidden dangers of the Hong Kong economy. It was better to take this opportunity to make up your mind to scrape your bones and heal your injuries. However, second, it prompted Soros to invest all his capital and force Soros to fight in this way.
It can be said that in the following years, the analysis conclusions of these experts and scholars were basically the purpose of Yao Yuan's planning of this internal and external cooperation action.
Gao Jian's side has taken action, and Yu Yongan is ready to stand in front of the stage at any time.
The already shaky Hong Kong dollar exchange rate finally saw the abyss with a sudden sales volume of over 100 billion yuan from another side.
When he received the news, Ren Zhigang was in his president's office and waited for his assistant Ye Zhanchen to report, and cold sweat was directly drained from Ren Zhigang's forehead.
"Zhanchen, we have encountered a big problem." Ren Zhigang had never been so panicked.
Ye Zhanchen was quite calm. He said, "Soros is clearly forcing us to raise interest rates and get high interest rates. Fortunately, the Hang Seng Index futures contract is profitable. But we have no choice to keep the Hong Kong dollar exchange rate."
Ren Zhigang hesitated, looked at Ye Zhanchen with his eyebrows and said, "Let's start the response mechanism, we have no choice."
Ye Zhanchen hurriedly went there.
Increase interest rates and draw high interest rates. Once the gate is opened, it will be unbearable. Previously, the interest rate was 280% overnight. This time, the opponent is even more powerful. Breaking through 280% is definitely something that will definitely happen. In this way, the Hang Seng Index will be over.
After Ye Zhanchen left, Ren Zhigang quickly called the Financial Secretary Zeng Quan. After a few brief words, Ren Zhigang immediately left the Financial Management Bureau and went to the Financial Secretary for a meeting.
After Ren Zhigang arrived at the Finance Department, in addition to Zeng Quan, there was also the Chief Executive of the Special Administrative Region.
Next, we will talk about absolutely confidential things.
This is also the reason why Ren Zhigang did not bring an assistant or secretary.
After Ren Zhigang introduced the situation, he said in a deep voice, "Raising interest rates and pumping high interest rates can stabilize the exchange rate. International speculators will find it difficult for them to bear the huge borrowing costs, but doing so will seriously damage the stock market."
"Dong Sheng, Zeng Sheng, this is a multiple-choice question."
The two remained silent.
Hong Kong has just returned, and the leadership team of the first SAR government is under great pressure, especially Dong Sheng, who has a high level of political literacy, but in the face of a situation where even financial management expert Ren Zhigang is helpless, what can he do?
Zeng Quan was the same.
In fact, what the two knew was that Ren Zhigang was anxious to see them secretly, and did not ask them what good plans they had, but asked them to do this multiple-choice question.
Zeng Quan vaguely felt that this would not be the only multiple-choice question.
What Ren Zhigang really wants to ask is whether the government intervenes or not. This is something that Ren Zhigang cannot decide, and he cannot bear this responsibility.
"Do it, take a look at it step by step." Dong Sheng said in a deep voice.
Zeng Quan frowned and said, "Dong Sheng, what should I do with the stock market? If the stock market collapses, the Hong Kong economy will also collapse."
Dong Sheng was silent again. After a long time, he asked Ren Zhigang, "Mr. Ren, what are your solutions?"
Ren Zhigang was waiting for this sentence. He hesitated for a long time, and then slowly asked, "Soros and others were doing evil. They attacked the Hong Kong dollar exchange rate and forced us to raise interest rates and get high interest rates. On the other hand, they spread rumors in public opinion, and secretly arranged mine arrays on Hang Seng futures, and built a plank road and secretly spread Chen Cang. It is indeed very clever."
He changed his subject, "However, there is a necessary premise here-the SAR government continues to pursue a non-intervention policy."
Dong Sheng immediately came to his senses. It turned out that what Ren Zhigang really wanted to talk about was this issue. Everything he said before was to lead to this issue.
It’s not that Ren Zhigang has hidden his little thoughts, but that the answer to this question is not something that the President of the HKMA can give.
Dong Sheng pondered, "The SAR government has always pursued a non-intervention policy, which is also an important guarantee for the Hong Kong Hong Kong free financial market."
After saying that, he was silent again.
It's too difficult to answer this question.
After a long time, Dong Sheng said in a deep voice, "Let's deal with the exchange rate first. Everyone is considering it, then look at the situation in the future and see the situation in the stock market. Mr. Ren, please talk to a few big bosses and ask them to help the stock market."
That's all.
How many big bosses are invited to support the market?
It is already worth burning the incest if they don’t take the opportunity to add to the wrong side of the Hang Seng Index futures. Unless their stocks are affected, it is almost impossible for them to take action to support the market.
Besides, those big bosses usually look awesome, but no one is in high debt and can't squeeze out much money if they want to support the market.
Before Dong Sheng became the Chief Executive, he was the ship king, and his father was the ship king. After becoming the Chief Executive, his family's business did not withdraw. He himself knew the situation.
Therefore, Ren Zhigang agreed without hesitation, saying that "inviting a few big bosses to the stock market" is nonsense.
It's no different from nonsense.
Ren Zhigang has been the president of the Monetary Authority for many years. He already suspected that Soros' team had funds from the wealthy families in Hong Kong. It would be strange if there was no such thing.
Adhering to a policy of not interfering in the market can be said to be the foundation of Hong Kong's finance. Ren Zhigang would not have thought of this until it was absolutely necessary. When he thought of this, it already shows that the situation was very bad and his premonition was very, very bad.
Dong Sheng and Zeng Sheng knew this.
Chapter completed!