Chapter 863: 863
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On the evening of September 7, 1998 US Eastern time, quantum fund was located at its headquarters in New York.
George Soros, the big boss of quantum fund with the nickname of "financial giant", smiled at another man of his age sitting opposite: "Jim, thank you very much for your reminder. If it weren't for your reminder and persistence, I think I would lose a lot in this action to block the Hong Kong dollar, and even the early profits would be lost."
The man called "Jim" by Soros shrugged his shoulders and said, "George, we are friends. Although we don't cooperate now, the quantum fund was established by us after all. I can't bear to see the quantum fund fail."
Compared with Soros's somewhat ferocious face, Jim seemed very kind. This is Jim Rogers, who founded the quantum fund with Soros, and Soros's most trusted partner.
Just as early as 1980, Jim Rogers left quantum fund and started his own business. Outsiders thought he and Soros had torn their faces, but in fact, the relationship between them remained very good.
In fact, the fact that two people can sit alone in an office and talk is enough to prove the relationship between them.
"Anyway, Jim, if it weren't for you, I would certainly have suffered a huge loss from this action to block the Hong Kong dollar, not just $800 million. Looking at a series of financial regulation measures promulgated by the Hong Kong Island government today, I'm deeply lucky. Jim, if it weren't for you, I would have lost at least $20 like Goldman Sachs and Morgan Stanley Million dollars. "
Jim Rogers waved his hand and said: "George, it's mainly because you always keep a clear mind. I know your character. If you didn't keep a clear mind ten days ago, I'm afraid I couldn't persuade you. Fortunately, you took my advice and took the initiative to leave there. George, this is actually your own victory. Although you lost 800 million dollars, you got it through this With more experience, this is a victory. "
Soros nodded, then frowned and said, "Jim, you also watched the whole blocking battle. You said, is the huge fund admitted at the last critical moment the one taken out by China? If it were not for the emergence of the fund, the short force would have the absolute upper hand, and the Hong Kong Island government is unable to turn over."
"The time was too short, and the war was too fierce at that time. I don't know where the long funds that entered at the critical moment came from." Jim Rogers shook his head, "but my feeling tells me that the funds should not be the support funds of China! If I judge well, there should be insiders in you."
Soros also nodded and said, "in fact, I've been thinking about it these days. I think the same as you. It should be done by an insider. But who's the insider?"
Rogers smiled and waved his hand, "George, I think you still don't understand. In fact, in that blocking war, whether the fund finally entered or not, the final outcome was doomed from the beginning. Premier Zhu, who is opposite the authorities, is a very powerful figure. He openly said that" the Chinese government will maintain the prosperity of Hong Kong Island at all costs " He will certainly do it. He is a respected wise man and a formidable strong man. I don't think much of you when you are against him, so I advise you not to participate in the final decisive battle. "
Soros smiled bitterly and nodded. "Yes, I misjudged that man's determination. We didn't lose unjustly!"
"Well, George, don't tangle about this matter. Although the lesson this time is very heavy, first, your loss is not great. Second, through this matter, you can understand one thing, that is, don't easily go to war with the country opposite. Forty years ago, the federal army was defeated on the Korean Peninsula, which has proved the strength of that country. Now, you Lost to that country again in the financial market, so you must never try to challenge that country again in the future. That country is not something you can challenge. "
Soros smiled and said, "of course I can see this clearly through this decisive battle. I won't do stupid things in the future. But I'm very unwilling. Where did the fund come from at the last critical moment?"
"Morgan Stanley, Goldman Sachs, Lyon, Yifu, Solomon, Huijia and Merrill Lynch all suffered heavy losses in the decisive battle that day. They can't do such a thing; Julian's Tiger Fund is in the mire of ruble, and he doesn't have the huge fund to start. But who else can come up with such a fund to enter with me What are you doing? That's a huge amount of money at least over HK $60 billion! Even I can't get so much money! "
Rogers shook his head too, and there was no doubt that he would pursue the matter again.
The names Soros mentioned earlier are all famous investment banks in the world today. These investment banks ostensibly do serious business, but everyone knows that these are the dirtiest guys in the world.
Even Soros's Quantum Fund and Julian Robertson's Tiger Fund are pure like a 13-year-old girl in front of these investment banks.
Although these investment banks look serious on the surface, the dirty things they do secretly can only be described in four words - countless!
If the bottom line of large hedge fund bosses such as Soros and Robertson is the door to hell, then the bottom line of these investment banks can touch the 18 floors of hell, and many simply have no bottom line!
These large investment banks are the spokesmen of major consortia. These investment banks are behind the war provoked by the United States in the world over the years. Even these investment banks are behind many major decisions made by the US government.
It can be said that for the benefit of hongguoguo, these large investment banks really have no bottom line. Saying that they sell their souls to Satan is to exalt them. In fact, Satan is their spokesman!
In fact, half of the so-called international hot money comes from these investment banks, but outsiders can't grasp the evidence at all.
On the surface, Soros's Quantum Fund led the Asian financial storm that affected half the world, but the real thrust behind it all came from these large investment banks. Otherwise, you think he can do shit with the $67 billion Quantum Fund.
With regard to the amount of funds of quantum fund, he is even unfair to the Thai government!
In the financial crisis that swept half the world, the amount of funds involved in transactions has already exceeded the threshold of trillion US dollars. As for quantum funds, they can't even burst into water.
Blocking the Hong Kong dollar can be said to be the last gluttonous feast of the financial crisis. After all, the foreign exchange reserves of Hong Kong Island rank third in the world, second only to Japan and China. The foreign exchange reserves of US $82 billion are an incomparably delicious fat in the eyes of these big investment banks, and everyone wants to swallow it.
In the past, in Thailand, Malaysia, Indonesia, Singapore, South Korea and other countries, these big investment banks have tasted the sweetness. Fortunately, the bay island saw the opportunity quickly and did not even resist. They directly announced the depreciation of the new Taiwan dollar. Otherwise, the $80 billion foreign exchange reserves of the bay island would also be swallowed up by these big investment banks.
Therefore, after swallowing the foreign exchange reserves of hundreds of billions of dollars in Southeast Asian countries, these big investment banks have set their sights on Hong Kong Island.
They want to continue to copy the previous feat of embezzling the foreign exchange reserves of Southeast Asian countries and devour the foreign exchange reserves of Hong Kong Island.
Although the $82 billion foreign exchange reserves of Hong Kong Island are the wealth of the people of Hong Kong Island who have worked hard for decades, they will not care so much for those big investment banks. In their eyes, the family wealth accumulated by millions of people on Hong Kong Island after decades of hard work is prepared for them.
But they really did not expect that the Chinese government, which had just taken back the ownership of the Hong Kong Island, would be so resolute and really maintain the prosperity of the Hong Kong Island at all costs. They would not expect that just before the final decisive battle on August 28, 1998, after announcing that the national currency would not depreciate, the Chinese government would still directly spend HK $60 billion, Firmly safeguard the status of Hong Kong dollar!
August 28 is the settlement day of Hong Kong Island Hang Seng Index Futures in August. In more than a year before this day, in order to completely defeat the Hong Kong dollar, major investment banks have made countless preparations behind Soros, waiting to completely defeat Hong Kong stocks when this day comes, and then let the Hong Kong dollar completely collapse.
They all knew what Premier Zhu said before, but these big investment banks did not believe that the Chinese and Hong Kong island governments would interfere in the financial market, and they had to make preparations before.
Then, a large amount of funds gathered on Hong Kong Island on this day. On this day alone, the trading volume of Hong Kong Island stock market broke the historical record, with a daily trading volume of HK $79 billion!
As for the funds in the foreign exchange market and stock index futures market, it is even more a day.
However, these big investment banks never thought that the determination of the Hong Kong Island government and the Chinese government was so great. In addition, the huge amount of long funds suddenly entered at the critical moment has become the last straw to crush the camel.
On that day, the war in the Hong Kong Island financial market was unprecedented, but if we put aside the tragic war on that day, the closing point of the Hang Seng index at 7829 on August 28 was a very flat figure. It even fell 93 points compared with the previous day, but the significance of this figure to the Hong Kong Island financial market is immeasurable.
It has allowed the Hong Kong Island stock market to gain a firm foothold, so that international speculators not only have no profit space, but also will inevitably suffer huge losses because their contracts have expired.
$11.2 billion!
This is the final profit figure of the Hong Kong Island government, and it also represents that the Hong Kong Island government finally won the victory of the battle to defend Hong Kong Island!
Similarly, this figure means that the major investment banks have lost US $11.2 billion in the Hong Kong dollar blockade that has been carefully prepared for more than a year!
Although speculation requires the awareness of losing money, if there is no sudden admission of long funds, even if the Hong Kong Island government can win, it will only be a disastrous result.
Who is the owner of that long fund?
This is the number one problem in the minds of major investment bank executives.
Please report us if you find any errors so we can fix it asap!
On the evening of September 7, 1998 US Eastern time, quantum fund was located at its headquarters in New York.
George Soros, the big boss of quantum fund with the nickname of "financial giant", smiled at another man of his age sitting opposite: "Jim, thank you very much for your reminder. If it weren't for your reminder and persistence, I think I would lose a lot in this action to block the Hong Kong dollar, and even the early profits would be lost."
The man called "Jim" by Soros shrugged his shoulders and said, "George, we are friends. Although we don't cooperate now, the quantum fund was established by us after all. I can't bear to see the quantum fund fail."
Compared with Soros's somewhat ferocious face, Jim seemed very kind. This is Jim Rogers, who founded the quantum fund with Soros, and Soros's most trusted partner.
Just as early as 1980, Jim Rogers left quantum fund and started his own business. Outsiders thought he and Soros had torn their faces, but in fact, the relationship between them remained very good.
In fact, the fact that two people can sit alone in an office and talk is enough to prove the relationship between them.
"Anyway, Jim, if it weren't for you, I would certainly have suffered a huge loss from this action to block the Hong Kong dollar, not just $800 million. Looking at a series of financial regulation measures promulgated by the Hong Kong Island government today, I'm deeply lucky. Jim, if it weren't for you, I would have lost at least $20 like Goldman Sachs and Morgan Stanley Million dollars. "
Jim Rogers waved his hand and said: "George, it's mainly because you always keep a clear mind. I know your character. If you didn't keep a clear mind ten days ago, I'm afraid I couldn't persuade you. Fortunately, you took my advice and took the initiative to leave there. George, this is actually your own victory. Although you lost 800 million dollars, you got it through this With more experience, this is a victory. "
Soros nodded, then frowned and said, "Jim, you also watched the whole blocking battle. You said, is the huge fund admitted at the last critical moment the one taken out by China? If it were not for the emergence of the fund, the short force would have the absolute upper hand, and the Hong Kong Island government is unable to turn over."
"The time was too short, and the war was too fierce at that time. I don't know where the long funds that entered at the critical moment came from." Jim Rogers shook his head, "but my feeling tells me that the funds should not be the support funds of China! If I judge well, there should be insiders in you."
Soros also nodded and said, "in fact, I've been thinking about it these days. I think the same as you. It should be done by an insider. But who's the insider?"
Rogers smiled and waved his hand, "George, I think you still don't understand. In fact, in that blocking war, whether the fund finally entered or not, the final outcome was doomed from the beginning. Premier Zhu, who is opposite the authorities, is a very powerful figure. He openly said that" the Chinese government will maintain the prosperity of Hong Kong Island at all costs " He will certainly do it. He is a respected wise man and a formidable strong man. I don't think much of you when you are against him, so I advise you not to participate in the final decisive battle. "
Soros smiled bitterly and nodded. "Yes, I misjudged that man's determination. We didn't lose unjustly!"
"Well, George, don't tangle about this matter. Although the lesson this time is very heavy, first, your loss is not great. Second, through this matter, you can understand one thing, that is, don't easily go to war with the country opposite. Forty years ago, the federal army was defeated on the Korean Peninsula, which has proved the strength of that country. Now, you Lost to that country again in the financial market, so you must never try to challenge that country again in the future. That country is not something you can challenge. "
Soros smiled and said, "of course I can see this clearly through this decisive battle. I won't do stupid things in the future. But I'm very unwilling. Where did the fund come from at the last critical moment?"
"Morgan Stanley, Goldman Sachs, Lyon, Yifu, Solomon, Huijia and Merrill Lynch all suffered heavy losses in the decisive battle that day. They can't do such a thing; Julian's Tiger Fund is in the mire of ruble, and he doesn't have the huge fund to start. But who else can come up with such a fund to enter with me What are you doing? That's a huge amount of money at least over HK $60 billion! Even I can't get so much money! "
Rogers shook his head too, and there was no doubt that he would pursue the matter again.
The names Soros mentioned earlier are all famous investment banks in the world today. These investment banks ostensibly do serious business, but everyone knows that these are the dirtiest guys in the world.
Even Soros's Quantum Fund and Julian Robertson's Tiger Fund are pure like a 13-year-old girl in front of these investment banks.
Although these investment banks look serious on the surface, the dirty things they do secretly can only be described in four words - countless!
If the bottom line of large hedge fund bosses such as Soros and Robertson is the door to hell, then the bottom line of these investment banks can touch the 18 floors of hell, and many simply have no bottom line!
These large investment banks are the spokesmen of major consortia. These investment banks are behind the war provoked by the United States in the world over the years. Even these investment banks are behind many major decisions made by the US government.
It can be said that for the benefit of hongguoguo, these large investment banks really have no bottom line. Saying that they sell their souls to Satan is to exalt them. In fact, Satan is their spokesman!
In fact, half of the so-called international hot money comes from these investment banks, but outsiders can't grasp the evidence at all.
On the surface, Soros's Quantum Fund led the Asian financial storm that affected half the world, but the real thrust behind it all came from these large investment banks. Otherwise, you think he can do shit with the $67 billion Quantum Fund.
With regard to the amount of funds of quantum fund, he is even unfair to the Thai government!
In the financial crisis that swept half the world, the amount of funds involved in transactions has already exceeded the threshold of trillion US dollars. As for quantum funds, they can't even burst into water.
Blocking the Hong Kong dollar can be said to be the last gluttonous feast of the financial crisis. After all, the foreign exchange reserves of Hong Kong Island rank third in the world, second only to Japan and China. The foreign exchange reserves of US $82 billion are an incomparably delicious fat in the eyes of these big investment banks, and everyone wants to swallow it.
In the past, in Thailand, Malaysia, Indonesia, Singapore, South Korea and other countries, these big investment banks have tasted the sweetness. Fortunately, the bay island saw the opportunity quickly and did not even resist. They directly announced the depreciation of the new Taiwan dollar. Otherwise, the $80 billion foreign exchange reserves of the bay island would also be swallowed up by these big investment banks.
Therefore, after swallowing the foreign exchange reserves of hundreds of billions of dollars in Southeast Asian countries, these big investment banks have set their sights on Hong Kong Island.
They want to continue to copy the previous feat of embezzling the foreign exchange reserves of Southeast Asian countries and devour the foreign exchange reserves of Hong Kong Island.
Although the $82 billion foreign exchange reserves of Hong Kong Island are the wealth of the people of Hong Kong Island who have worked hard for decades, they will not care so much for those big investment banks. In their eyes, the family wealth accumulated by millions of people on Hong Kong Island after decades of hard work is prepared for them.
But they really did not expect that the Chinese government, which had just taken back the ownership of the Hong Kong Island, would be so resolute and really maintain the prosperity of the Hong Kong Island at all costs. They would not expect that just before the final decisive battle on August 28, 1998, after announcing that the national currency would not depreciate, the Chinese government would still directly spend HK $60 billion, Firmly safeguard the status of Hong Kong dollar!
August 28 is the settlement day of Hong Kong Island Hang Seng Index Futures in August. In more than a year before this day, in order to completely defeat the Hong Kong dollar, major investment banks have made countless preparations behind Soros, waiting to completely defeat Hong Kong stocks when this day comes, and then let the Hong Kong dollar completely collapse.
They all knew what Premier Zhu said before, but these big investment banks did not believe that the Chinese and Hong Kong island governments would interfere in the financial market, and they had to make preparations before.
Then, a large amount of funds gathered on Hong Kong Island on this day. On this day alone, the trading volume of Hong Kong Island stock market broke the historical record, with a daily trading volume of HK $79 billion!
As for the funds in the foreign exchange market and stock index futures market, it is even more a day.
However, these big investment banks never thought that the determination of the Hong Kong Island government and the Chinese government was so great. In addition, the huge amount of long funds suddenly entered at the critical moment has become the last straw to crush the camel.
On that day, the war in the Hong Kong Island financial market was unprecedented, but if we put aside the tragic war on that day, the closing point of the Hang Seng index at 7829 on August 28 was a very flat figure. It even fell 93 points compared with the previous day, but the significance of this figure to the Hong Kong Island financial market is immeasurable.
It has allowed the Hong Kong Island stock market to gain a firm foothold, so that international speculators not only have no profit space, but also will inevitably suffer huge losses because their contracts have expired.
$11.2 billion!
This is the final profit figure of the Hong Kong Island government, and it also represents that the Hong Kong Island government finally won the victory of the battle to defend Hong Kong Island!
Similarly, this figure means that the major investment banks have lost US $11.2 billion in the Hong Kong dollar blockade that has been carefully prepared for more than a year!
Although speculation requires the awareness of losing money, if there is no sudden admission of long funds, even if the Hong Kong Island government can win, it will only be a disastrous result.
Who is the owner of that long fund?
This is the number one problem in the minds of major investment bank executives.
On the evening of September 7, 1998 US Eastern time, quantum fund was located at its headquarters in New York.George Soros, the big boss of quantum fund with the nickname of "financial giant", smiled at another man of his age sitting opposite: "Jim, thank you very much for your reminder. If it weren't for your reminder and persistence, I think I would lose a lot in this action to block the Hong Kong dollar, and even the early profits would be lost."The man called "Jim" by Soros shrugged his shoulders and said, "George, we are friends. Although we don't cooperate now, the quantum fund was established by us after all. I can't bear to see the quantum fund fail."Compared with Soros's somewhat ferocious face, Jim seemed very kind. This is Jim Rogers, who founded the quantum fund with Soros, and Soros's most trusted partner.Just as early as 1980, Jim Rogers left quantum fund and started his own business. Outsiders thought he and Soros had torn their faces, but in fact, the relationship between them remained very good.In fact, the fact that two people can sit alone in an office and talk is enough to prove the relationship between them."Anyway, Jim, if it weren't for you, I would certainly have suffered a huge loss from this action to block the Hong Kong dollar, not just $800 million. Looking at a series of financial regulation measures promulgated by the Hong Kong Island government today, I'm deeply lucky. Jim, if it weren't for you, I would have lost at least $20 like Goldman Sachs and Morgan Stanley Million dollars. "Jim Rogers waved his hand and said: "George, it's mainly because you always keep a clear mind. I know your character. If you didn't keep a clear mind ten days ago, I'm afraid I couldn't persuade you. Fortunately, you took my advice and took the initiative to leave there. George, this is actually your own victory. Although you lost 800 million dollars, you got it through this With more experience, this is a victory. "Soros nodded, then frowned and said, "Jim, you also watched the whole blocking battle. You said, is the huge fund admitted at the last critical moment the one taken out by China? If it were not for the emergence of the fund, the short force would have the absolute upper hand, and the Hong Kong Island government is unable to turn over.""The time was too short, and the war was too fierce at that time. I don't know where the long funds that entered at the critical moment came from." Jim Rogers shook his head, "but my feeling tells me that the funds should not be the support funds of China! If I judge well, there should be insiders in you."Soros also nodded and said, "in fact, I've been thinking about it these days. I think the same as you. It should be done by an insider. But who's the insider?"Rogers smiled and waved his hand, "George, I think you still don't understand. In fact, in that blocking war, whether the fund finally entered or not, the final outcome was doomed from the beginning. Premier Zhu, who is opposite the authorities, is a very powerful figure. He openly said that" the Chinese government will maintain the prosperity of Hong Kong Island at all costs " He will certainly do it. He is a respected wise man and a formidable strong man. I don't think much of you when you are against him, so I advise you not to participate in the final decisive battle. "Soros smiled bitterly and nodded. "Yes, I misjudged that man's determination. We didn't lose unjustly!""Well, George, don't tangle about this matter. Although the lesson this time is very heavy, first, your loss is not great. Second, through this matter, you can understand one thing, that is, don't easily go to war with the country opposite. Forty years ago, the federal army was defeated on the Korean Peninsula, which has proved the strength of that country. Now, you Lost to that country again in the financial market, so you must never try to challenge that country again in the future. That country is not something you can challenge. "Soros smiled and said, "of course I can see this clearly through this decisive battle. I won't do stupid things in the future. But I'm very unwilling. Where did the fund come from at the last critical moment?""Morgan Stanley, Goldman Sachs, Lyon, Yifu, Solomon, Huijia and Merrill Lynch all suffered heavy losses in the decisive battle that day. They can't do such a thing; Julian's Tiger Fund is in the mire of ruble, and he doesn't have the huge fund to start. But who else can come up with such a fund to enter with me What are you doing? That's a huge amount of money at least over HK $60 billion! Even I can't get so much money! "Rogers shook his head too, and there was no doubt that he would pursue the matter again.The names Soros mentioned earlier are all famous investment banks in the world today. These investment banks ostensibly do serious business, but everyone knows that these are the dirtiest guys in the world.Even Soros's Quantum Fund and Julian Robertson's Tiger Fund are pure like a 13-year-old girl in front of these investment banks.Although these investment banks look serious on the surface, the dirty things they do secretly can only be described in four words - countless!If the bottom line of large hedge fund bosses such as Soros and Robertson is the door to hell, then the bottom line of these investment banks can touch the 18 floors of hell, and many simply have no bottom line!These large investment banks are the spokesmen of major consortia. These investment banks are behind the war provoked by the United States in the world over the years. Even these investment banks are behind many major decisions made by the US government.It can be said that for the benefit of hongguoguo, these large investment banks really have no bottom line. Saying that they sell their souls to Satan is to exalt them. In fact, Satan is their spokesman!In fact, half of the so-called international hot money comes from these investment banks, but outsiders can't grasp the evidence at all.On the surface, Soros's Quantum Fund led the Asian financial storm that affected half the world, but the real thrust behind it all came from these large investment banks. Otherwise, you think he can do shit with the $67 billion Quantum Fund.With regard to the amount of funds of quantum fund, he is even unfair to the Thai government!In the financial crisis that swept half the world, the amount of funds involved in transactions has already exceeded the threshold of trillion US dollars. As for quantum funds, they can't even burst into water.Blocking the Hong Kong dollar can be said to be the last gluttonous feast of the financial crisis. After all, the foreign exchange reserves of Hong Kong Island rank third in the world, second only to Japan and China. The foreign exchange reserves of US $82 billion are an incomparably delicious fat in the eyes of these big investment banks, and everyone wants to swallow it.In the past, in Thailand, Malaysia, Indonesia, Singapore, South Korea and other countries, these big investment banks have tasted the sweetness. Fortunately, the bay island saw the opportunity quickly and did not even resist. They directly announced the depreciation of the new Taiwan dollar. Otherwise, the $80 billion foreign exchange reserves of the bay island would also be swallowed up by these big investment banks.Therefore, after swallowing the foreign exchange reserves of hundreds of billions of dollars in Southeast Asian countries, these big investment banks have set their sights on Hong Kong Island.They want to continue to copy the previous feat of embezzling the foreign exchange reserves of Southeast Asian countries and devour the foreign exchange reserves of Hong Kong Island.Although the $82 billion foreign exchange reserves of Hong Kong Island are the wealth of the people of Hong Kong Island who have worked hard for decades, they will not care so much for those big investment banks. In their eyes, the family wealth accumulated by millions of people on Hong Kong Island after decades of hard work is prepared for them.But they really did not expect that the Chinese government, which had just taken back the ownership of the Hong Kong Island, would be so resolute and really maintain the prosperity of the Hong Kong Island at all costs. They would not expect that just before the final decisive battle on August 28, 1998, after announcing that the national currency would not depreciate, the Chinese government would still directly spend HK $60 billion, Firmly safeguard the status of Hong Kong dollar!August 28 is the settlement day of Hong Kong Island Hang Seng Index Futures in August. In more than a year before this day, in order to completely defeat the Hong Kong dollar, major investment banks have made countless preparations behind Soros, waiting to completely defeat Hong Kong stocks when this day comes, and then let the Hong Kong dollar completely collapse.They all knew what Premier Zhu said before, but these big investment banks did not believe that the Chinese and Hong Kong island governments would interfere in the financial market, and they had to make preparations before.Then, a large amount of funds gathered on Hong Kong Island on this day. On this day alone, the trading volume of Hong Kong Island stock market broke the historical record, with a daily trading volume of HK $79 billion!As for the funds in the foreign exchange market and stock index futures market, it is even more a day.However, these big investment banks never thought that the determination of the Hong Kong Island government and the Chinese government was so great. In addition, the huge amount of long funds suddenly entered at the critical moment has become the last straw to crush the camel.On that day, the war in the Hong Kong Island financial market was unprecedented, but if we put aside the tragic war on that day, the closing point of the Hang Seng index at 7829 on August 28 was a very flat figure. It even fell 93 points compared with the previous day, but the significance of this figure to the Hong Kong Island financial market is immeasurable.It has allowed the Hong Kong Island stock market to gain a firm foothold, so that international speculators not only have no profit space, but also will inevitably suffer huge losses because their contracts have expired.$11.2 billion!This is the final profit figure of the Hong Kong Island government, and it also represents that the Hong Kong Island government finally won the victory of the battle to defend Hong Kong Island!Similarly, this figure means that the major investment banks have lost US $11.2 billion in the Hong Kong dollar blockade that has been carefully prepared for more than a year!Although speculation requires the awareness of losing money, if there is no sudden admission of long funds, even if the Hong Kong Island government can win, it will only be a disastrous result.Who is the owner of that long fund?This is the number one problem in the minds of major investment bank executives.
