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The disease-free financial team lives in Hong Kong, and many of them are Si and others who analyze their movements, so whether it is in the Thai melt storm or the current process of Solo's sniping of the Hong Kong dollar, they are very familiar with the movements of Solo and others.

Now that the international super-crazy attack on the Hong Kong dollar led by Solo, the means of profit are naturally still on the Hang Seng Index, so after Fan Wuxian put forward the idea of shorting the Hang Seng Index in advance, they began to establish short contracts for three months to six months on a large scale and began to accumulate combat power.

The Monetary Authority is very puzzled by Fan Wuji's short-selling behavior, but since Fan Wuzhi has already provided $20 billion in foreign exchange reserve assistance to the SAR at this time, it is difficult to say anything, after all, the help provided by the local people on Hong Kong Island who are interested in this time is far less than this, and these people, when they are not suffering from the pain of the skin, are unwilling to pull out a hair for the benefit of the world.

On July 21, Solo began a round of attacks.

On the same day, the three-month forward rate of the US dollar against the Hong Kong dollar rose to 250 points, and the three-month Hong Kong dollar interbank rate rose from 5.575 to 7.06 per 100. (All overdrive updates:\. SOSO999\.COM) The Hong Kong Monetary Authority felt that it would be difficult to stop the offensive of the other side if it did not launch a counteroffensive at the policy level, so after many discussions, it immediately planned a counterattack the next day.

The HKSAR Government has raised the interest rate of the Hong Kong dollar through the issuance of large government bonds, which in turn has contributed to a sharp increase in the exchange rate of the Hong Kong dollar against the US dollar. At the same time, the Hong Kong Monetary Authority issued a verbal warning to two banks suspected of speculating in Hong Kong dollars, causing some Hong Kong dollar speculators to tremble and finally choose to withdraw from the Hong Kong dollar speculation team, which will undoubtedly weaken Soro's speculative power.

When the speculative selling of the Hong Kong dollar began again, the Hong Kong Monetary Authority, at the suggestion of Fan Wuji, raised the interest rate sharply, causing the overnight lending rate among banks to skyrocket. A series of counterattacks made Solo's Hong Kong campaign unable to get any advantage and suffered heavy losses.

At this time, the Chinese government has repeatedly stressed that it will fully support the Hong Kong government in defending the stability of the Hong Kong dollar. If necessary, the Bank of China will work with the Hong Kong Monetary Authority to combat Solo's speculative activities. This is undoubtedly a boost for Hong Kong, but it is definitely bad news for Solo.

Solo heard much more bad news.

On 25 July, the Bank of China (BOC) meeting of 11 countries and regions in the Asia-Pacific region, including China, Australia, the Hong Kong Special Administrative Region, Japan, and ASEAN countries, issued a statement in Shanghai, saying that the Asia-Pacific region is experiencing good economic development and that each side should strengthen cooperation to jointly crack down on currency speculation.

On 14 and 15 August, a number of powerful investment funds entered the Hong Kong foreign exchange market, using the means of financing futures to buy Hong Kong dollars with three-month or six-month Hong Kong dollar futures contracts, and then quickly shorted them. As a result, the exchange rate of the Hong Kong dollar against the US dollar once fell to 7.75 Hong Kong dollars to one US dollar, and 7.75 is also known as an important psychological key point of the Hong Kong dollar exchange rate.

Hong Kong's monetary authorities quickly countered by tightening monetary policy and raising interbank interest rates to meet speculators. The HKMA's increase in interest rates on bank loans has forced banks to return their excess positions, leaving speculators who have borrowed money to sell Hong Kong dollars to buy US dollars in the face of extremely high speculative costs. (For more new chapters, please go to, search/search/nine/nine/nine/)

In a very short period of time, that is, in less than a week, the Hong Kong market was restored to calm, and the speculators returned in vain.

However, everyone knows very well that these speculators will not stop there, and the bloody struggle between the two sides is inevitable. The Hong Kong authorities have taken precautions and launched a two-pronged policy and public opinion offensive to remind these international financial giants not to act rashly.

Hong Kong's monetary authorities have taken an extremely clear stance and are resolute in upholding the stability of the linked exchange rate system. Before leaving London, the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), who is currently visiting the United Kingdom, stressed that the SAR Government is extremely determined to maintain the linked exchange rate.

The Financial Secretary Donald Tsang, and the Secretary for Financial Services, Mr Hui Sze-yan, met with the media, reiterating that maintaining the linked exchange rate is the preferred goal of the Hong Kong government, and that it is inevitable that interest rates will soar for this goal, and hope that the Hong Kong people will be calm, while Chief Secretary Chan Fangsang called on everyone to remain calm, and the Hong Kong General Chamber of Commerce issued a statement in support of the linked exchange rate system, and called on people in the financial market to think calmly and re-examine the foundation of Hong Kong's economy, so as to stabilize the market. (For more new chapters, please go to, search/search/nine/nine/nine/)

Donald Tsang said at an investment conference that the SARs would not change the monetary system or the relationship between the Hong Kong dollar and the US dollar, and that only speculators would die if they speculated in the Hong Kong dollar.

Of course, the repeated attempts of international speculators to snipe at the Hong Kong dollar are not only to profit from the Hong Kong dollar exchange rate, but also to adopt a comprehensive strategy to benefit from the stock market and the futures market. Their approach is to accumulate a large number of short positions in the futures market, and then buy the forward US dollar and sell the forward Hong Kong dollar, making a big splash.

When the Hong Kong government took measures to raise interest rates sharply in response to the sniping of the Hong Kong dollar, the stock sentiment weakened, and people were worried that the sharp rise in interest rates would push down the stock market and property market

Those who took advantage of the situation to sell the futures index sharply, and the futures index plunged.

As a result, people in the stock market panic sell stocks, and speculators can close their short positions and make huge profits. .COM In other words, although speculators have made no gains in the exchange rate of the Hong Kong dollar, or even suffered small losses, they have made a lot of money in the futures index market.

October 20 is the 10th anniversary of the tragic Black Monday on Wall Street, which is why it has become the most anxious day for investment analysts, but the horror did not appear in the Wall Street stock market, on the contrary, the Dawes index actually rebounded by 14 points on the same day.

While investment analysts are celebrating, on the other side of the world, there is already a crisis and a turbulent undercurrent in the world. Ten years later, another Black Monday has arrived, but this time it is Hong Kong, which is known as a shopping paradise.

On 20 October, the Hong Kong stock market began to fall. On October 21, Hong Kong's Hang Seng Index fell by 765 points, and on October 22, it continued this momentum by 1,200 points. On the 23rd, concerns about the outlook for the Hong Kong dollar caused the Hong Kong Interbank Offered Rate to rise, and the overnight interest rate, which was only about 7/100 the day before, soared by 300 times. (All over-speed updates: search/search/9/9/9/COM) In this market atmosphere, Hong Kong stocks suffered a setback for the fourth time in a row, falling by 10.41 100 points.

Hong Kong SAR Financial Secretary Donald Tsang said on the same day that Hong Kong's basic economic factors are good, and the decline in the stock market is mainly affected by temporary speculation in external factors, and investors do not need to panic. He said: 'I don't think it's a crash. In any case, he argued, the SAR Government should first and foremost defend the exchange rate of the Hong Kong dollar. Although there had been speculation in the Hong Kong dollar the previous evening, the speculation had subsided. Meanwhile, Hong Kong's Chief Executive of the Monetary Authority, Joseph Yam, made a speech claiming that the HKMA had repelled speculators the night before.

Perhaps because of the strong intervention of the SAR government, or perhaps because the confidence of the SAR government and financial managers infected investors, on the 24th, after falling sharply for four consecutive trading days, the Hong Kong stock market rebounded strongly on this day, and the Hang Seng Index rose by 718 points, an increase of nearly 700 points.

At this time, the stock market around the world formed a vicious circle of general sharp decline, 27th, New York Road. The Jones index plummeted by nearly 554 points, the worst day on record, and was automatically halted for an hour.

The Tokyo stock market fell more than 800 points immediately after the market opened.

On 28 July, Hong Kong's Hang Seng Index plunged by more than 1,400 points, down 13.7 per 100, the largest drop in history.

In this regard, the Chief Executive of the Hong Kong Special Administrative Region stressed that the shock in the Hong Kong stock market is only a temporary adjustment. A spokesman for the Chinese Foreign Ministry also said that Hong Kong's stock market has also experienced such fluctuations in the past, and it is not surprising that fluctuations in Hong Kong stocks are matters that the SAR Government has to deal with on its own, and that the Chinese Government will act in accordance with the principle of one country, two systems and will not directly interfere with Hong Kong's stock market and the exchange rate of the Hong Kong dollar, and that Beijing is still full of confidence in Hong Kong's economy as a whole.

Answering a member's question, the Secretary for Financial Affairs of the Provisional Legislative Council of the HKSAR said that the stability of the joint exchange rate system is very important to the society and the operation of the market, and that the consistent policy of the HKSAR Government is freedom and that administrative intervention should be kept to a minimum.

The Chief Secretary for Administration of the Hong Kong Special Administrative Region, Mr Chan Fong Sang, advised the public to remain calm, not to react to allergies, and to be cautious and act within their means when entering the market.

Hong Kong public opinion has expressed strong confidence, and Sing Tao Daily has published a commentary pointing out that in the past, after experiencing an economic crisis, Hong Kong will recover quickly and become more vigorous, and this time should be no exception. According to the US Treasury Department, since the global stock market crash in 987, Hong Kong's stock market has returned the highest in the world over the past decade. After the 97 stock market crash, as long as Hong Kong vigorously develops its economy, the rate of return in 10 years may be the highest in the world.

The invisible war caused by Solo shook the ball like a volcanic eruption, and Thailand and Malaysia, which were at the center of the epicenter, suffered unspeakably. On the other hand, Hong Kong, across the sea, has tensed its nerves more than ever. People are aware that it is only time for this black dark tide to land on Hong Kong Island.

In the face of the aggressive arrogance of international financial speculators, the chief executive of the Hong Kong Special Administrative Region cautiously stated that the Hong Kong Special Administrative Region (HKSAR) has abundant foreign exchange reserves, its economy is growing steadily, and more importantly, the Hong Kong Special Administrative Region has the support of a powerful motherland behind it, so this storm will not have a particularly serious impact on Hong Kong.

Fan Wuxian has been in trouble for a while, but he has made a lot of money.

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