"The British are very slow, and Hong Kong's foreign exchange reserves are not enough for exchange." Lilith said: "In less than three days, their foreign exchange reserves will be exhausted, and the depreciation of the Hong Kong dollar will inevitably be inevitable."

"Does the British really have to watch Hong Kong's economic collapse and are unwilling to use their financial resources? Could it be that they are throwing it out?" Mhamad was a little confused. Did the British know that Hong Kong will be returned to the mainland sooner or later, so they ignored it?

If this is the case, Mhamad would have to withdraw from the battle. After all, his target is not Hong Kong, but the British government behind Hong Kong. As long as the British government rescues the market, it will be greatly damaged.

But now it seems that the UK is trying to let Hong Kong die on its own.

Mhamad is very strange. When Hong Kong's foreign exchange reserves run out, it will be time for Hong Kong's economy to collapse.

"Continue to pay attention to the British reaction. When necessary, our funds can flow into the UK." Mhamad said. Anyway, it's already big, and it's a big deal. Just snipe the pound in the capital market!

Time continues to pass, and three days have passed. When citizens who have not yet exchanged the US dollar this morning continued to wait in front of the bank door to open, they found that the working time had already passed and the bank door had not opened yet!

What's going on? According to time, today is not a day off?

An ominous premonition suddenly arose in the hearts of the citizens.

Soon, citizens discovered that all banks were closed and there was no official explanation, confirming that their premonition was correct. It turns out that the Hong Kong dollar could no longer be exchanged for US dollars!

At the beginning, the official vowed to exchange HK$7.8 per dollar for one dollar, and the foreign exchange fund was still used. Now it seems that it is completely fake! Hong Kong's currency is simply randomly issued! Therefore, it can be used normally, but now, when encountering a stock market storm, this currency will not work.

What will it be? Will it depreciate? The depreciation of the Hong Kong dollar means that their wealth will shrink!

In the afternoon, the angry Hong Kong citizens began to take to the streets to protest the government's inaction. Why didn't the governor come out to speak?

Especially outside the Governor's Office, the citizens gathered together shouted inside and asked the Governor to come out to explain to everyone.

Sir Wei Yixin gently lifted the curtains and looked at the crowd outside, and couldn't help but sweat came out from his back.

It's been three days since London hasn't reacted anyway! What should I do? Announce to give up the fixed exchange rate? The Hong Kong dollar will depreciate immediately, or even exceed half. For a Hong Kong that has flourished entirely on foreign trade, this will simply cause the Hong Kong economy to suffer the most severe blow!

Now, there are parades in Hong Kong again, and there are many journalists in it. Soon, things in Hong Kong will spread all over the world, and the London government will appear incompetent.

"Governor, news comes from London." At this moment, Sir Wei Yixin's door opened, and a secretary came in and said to him: "London decided to provide us with a low-interest loan of 30 billion US dollars to invest in our Hong Kong dollar market and stabilize the confidence of the citizens."

Three hundred billion US dollars, this amount is indeed not big. The problem is that the UK does not have much foreign exchange reserves. The total reserves are only hundreds of billions of dollars, and it is rare to invest 30 billion US dollars to help stabilize Hong Kong's financial order.

"Crash." The curtains opened, Sir Wei Yixin opened the window and looked at the tide of people outside.

"Everyone, our Hong Kong economy has always been very healthy, and there will be no crisis in the Hong Kong dollar. Everyone should trust the Hong Kong dollar. The bank has suspended business today, mainly because we lack sufficient transportation capacity to transport our foreign exchange reserves and our security work needs to be done as much as possible." The Hong Kong Governor looked at the flow of people outside and said, "The bank will reopen tomorrow. Please be patient for a while. All those who want to exchange US dollars can exchange it. However, the interest rate of our Hong Kong dollar is far higher than that of the US dollar. If you want to invest, storing Hong Kong dollars is the most suitable choice."

The people below looked at the governor. The governor was full of confidence. Could it be that he was suspicious?

London used one-third of its foreign exchange reserves to invest in the Hong Kong market to help stabilize the Hong Kong dollar market running. This news soon spread in the financial world.

After learning the news, an old man in his fifties in the United States smiled on his face.

The British government invested its foreign exchange reserves to prevent the decline of the Hong Kong dollar. They did not know that a huge conspiracy began to move towards the British monetary system at this time.

"We found some data," Lilith said to Mhamad, "After the British began to provide foreign exchange reserves to Hong Kong, other funds began to enter the UK. This stock of funds is about one or two hundred billion US dollars. Now, these funds are in the UK market, and they are starting to short the British pound."

The acquisition of these data was a coincidence. The traders under Lilith followed the pace of others, found some funds, rushed to the British market, bought high and sold low, and began to short the pound.

Mhamad's eyelids suddenly thumped, and he remembered the later generations. In 1992, the pound was attacked by an international financial tycoon, but the result was heavy losses. This international financial tycoon made a fortune.

Afterwards, the capital of this giant began to transfer to many countries, specifically selecting countries with loopholes, and finally a financial storm sweeping across Southeast Asia.

This person is called Soros! His first pot of gold was to dig the British!

This is a shrewd Jew who escaped from the Nazi iron hooves in his early years. His experience at that time made this man's courage, courage, and knowledge far exceed that of ordinary people.

In 1973, he founded Soros Fund Management. In 1975, he began to attract attention in the Wall Street community, and the speed of wealth appreciation was impressive. In 1979, the first foundation was established: the Open Society Fund, which had a net worth of about $25 million. In 1979, Soros decided to rename the company to Quantum Fund, but it was not until 1992 that he began to rob the country.

Now, it's only 1987. Did Soros, the old fox, smell something?

Mhamad knew that in 1992, the pound had a crisis in the pound, mainly because the pound joined the European exchange rate mechanism, and the exchange rates of currencies in various countries were roughly fixed and floated in one space. The interest rates of central banks in various countries were different, which led to holders increasing and decreasing holdings of different currencies. When Soros Group smelled the crisis in the UK, it attacked heavily and returned with a full load.

Now, although the UK has not joined the European exchange rate mechanism, their economy is still unstable, especially now that the UK is facing the risk of high inflation, and their foreign exchange reserves have divided Hong Kong by one-third.

When someone maliciously shorts the pound and then sells it, the British government is simply unable to resist.

Although a person's wealth is limited, the fund has absorbed a lot of wealth from the people and has stronger strength. Historically, Soros' short pound exceeded 10 billion.

"Our funds will follow into London." Mhamad immediately made his own decision: "Together accelerate the decline of the pound and make another profit from it."

The Hong Kong dollar run was just a foul for the British government, but Soros was ready to make a profit. When Mhamad discovered it, he was naturally unwilling to fall behind and followed Soros to snipe the British pound together!

The British did not know that a huge danger slowly came.

Quantum funds began to short the pound. Following Quantum Fund, countless unknown funds also began to pour into London to work together to short the pound.

Soros was a little curious about these unknown funds. Who is like-minded with him? Although the other party did not indicate his identity, he was undoubtedly here to speculate. If you do it together, you will gain even greater results.

Now, it has entered mid-October.

Britain did not realize the arrival of the crisis at all until October 12, when the sniping of the pound finally began.

When people are still working as usual, bank employees are also open as usual. The bank run in Hong Kong half of the earth seems to be just news.

Temporarily, Quantum Fund threw out a billion pounds of funds, which was sending signals to the rest.

At this time, British financial institutions had not realized that a financial war had arrived.

Later, a 5 billion pound pound trading was thrown out, and this big throw immediately caused a change in the pound exchange rate.

The pound has begun to depreciate!

Soros looked at the trends in the market and seemed to have responded to him, and the other party's actions were even bigger.

I also threw out 5 billion pounds!

In just half a day, more than one billion pounds were sold out in the foreign exchange market. Suddenly, the pound began to depreciate a large proportion against the US dollar, and British financial institutions were panicked.

For them, there is only one option, throw the dollar and catch the pound! Let the pound exchange rate soft land!

Unfortunately, this requires a large amount of foreign exchange reserves as support. If the other party sells pounds, it will have to catch it with the US dollar!
Chapter completed!