Chapter 873: 865 The Eve of the Decisive Battle, Hot Money General Mobilization

July 31st, Friday.

Night.

Central Plaza,

because the financial decisive battle is coming, Director Director Director Guan Zu Zu has to work overtime as a beast of burden on Saturday night.

The heavy burden of two capitals and thirteen provinces... carried on one shoulder!

Miserable!

19:00, ATV aired the evening news on time.

"Dear viewers and friends, now interrupting with an important weather message."

"According to the latest monitoring and forecast of the Hong Kong Observatory, a tropical cyclone has formed in the low-pressure area in the central South China Sea. The Observatory has named it Penny, Typhoon Signal No. 8, expected to gradually approach the coastal areas of Guangdong next Tuesday (August 4th), and Hong Kong will also be significantly affected by its outer circulation..."

"During this period, Hong Kong will face strong winds, heavy rain, and thunderstorm weather, and the wind will be quite strong. Citizens are reminded to make preparations for wind and rain in advance..."

Director Director Director Guan Zu Zu looked out the window, the night sky was dark.

Hong Kong is already chaotic enough, and now a typhoon is coming to make trouble.

"At 16:00 today, the Hong Kong stock market officially closed... The total daily turnover was 10 billion Hong Kong dollars, far exceeding the June average of 5.3 billion Hong Kong dollars, with bulls and bears constantly fighting..."

"In terms of the exchange market, as of 17:00, the international foreign exchange market Hong Kong dollar against the US dollar, fluctuated and maintained..."

Director Director Director Guan Zu Zu: "............"

It's too chaotic.

ATV: "Next, pay attention to the domestic flood disaster news..."

Wen Huixin looked solemn, reporting to the camera: "Entering late June, the domestic climate was abnormal, with typhoons and heavy rains raging, and a serious flood hit more than half of the country."

"Starting from the Pearl River Basin, it spread all the way to the Yangtze River Basin, and even as far as the Songhua River and Nenjiang River basins. 29 provinces, regions, and cities across the country suffered varying degrees of flood disasters, with 223 million people affected."

"The surging floods ruthlessly swallowed roads, collapsed houses, submerged farmland, and many compatriots were ruthlessly deprived of their lives..."

"In the process of flood fighting and emergency rescue, countless moving scenes emerged..."

"The Yangtze River embankment breached, the situation was extremely critical, and the soldiers jumped into the surging flood without hesitation..."

In the camera footage,

soldiers held hands and stood side by side, using their flesh and blood to build an indestructible Great Wall to block the raging floods.

"In order to transfer the trapped masses, the soldiers jumped into the waist-deep flood, used their bodies to build a 'human bridge', and transferred the trapped masses to safety one by one."

"In the ruthless flood, 18 soldiers lost their lives..."

In one of the shots, a baby was held high above the soldiers' heads, being washed by the flood.

On TV, while playing, a background music came —

"The Five-Star Red Flag flutters in the wind, the victory song is so loud, singing..."

Director Director Director Guan Zu Zu looked at these shots, not knowing why, his nose felt sour.

This flood was much larger than the one in 1991, covering almost half of the country.

When it happened in June, Director Director Director Guan Zu Zu had the Five Star Group purchase a large amount of medicine and supplies from all over the world and send them to the mainland.

However, Hong Kong was experiencing the most dangerous financial crisis, so Director Director Director Guan Zu Zu couldn't leave.

It was reported for a full 5 minutes, with various shots switching constantly, hitting the heart directly.

Especially in the shots, the steel Great Wall composed of countless soldiers made every citizen moved.

Although Hong Kong has gradually increased Chinese cultural education, the attitude of "self-proclaimed elite" still exists in large numbers, more or less still carrying a certain condescension.

And seeing these scenes made them involuntarily shocked, moved, tearful, and sympathetic.

Thinking from another angle, can I do this at this time?

Can't do it!

And at this time,

the picture turned,

"Next, please listen to international news..."

"On July 30th, a wildfire occurred in Florida, USA. Because the fire was too fierce and the fire water pipes had no water, the wildfire spread rapidly..."

"On the same day, in Alaska, USA, a group of non-Africans impacted the community, robbed a large amount of property, and finally left. Half an hour later, the police arrived at the scene..."

All Hong Kong citizens: "............"

Just immersed in the emotions of sacrifice, dedication...

As a result, in the next second, it turned to the incompetence of the United States?

It made some elite elements feel uncomfortable.

Especially those "advanced youths" who assembled at the Stock Exchange last time, looking at these news, it was really a slap in the face.

A new day,

August 1st, Saturday.

Originally today was a rest time, but the Hong Kong Financial Secretary held a press conference for the first time.

The news spread, and many media moved upon hearing the wind.

And the news also reached the Soros Fund Company in Landmark Plaza.

Rodney Jones and the others cheered immediately.

"Needless to say, it must be raising interest rates!"

"Haha~~ He fell into the trap!"

10:00 AM,

Financial Secretary building, press conference hall, international media, Hong Kong media, more than 120, gathered at the press conference site.

The then Financial Secretary of Hong Kong, Zeng Sir, walked steadily to the podium.

Dressed in a crisp gray suit, with three-tenths white hair, his face was serious:

"Dear media friends, calling everyone here today is because Hong Kong's financial market is facing an unprecedented severe challenge..."

"Recently, international speculators led by Soros have been acting recklessly in Hong Kong's financial market, maliciously shorting the Hong Kong dollar, stock market, and futures market, attempting to disrupt Hong Kong's financial order and seek huge profits from it..."

"Their actions have seriously threatened the stability of Hong Kong's financial system..."

Zeng Sir's words were sonorous and powerful,

"To effectively respond to this malicious shorting behavior, after careful research and assessment by the Financial Secretary, we have decided to take a key measure — increasing the margin for the financial market."

The so-called margin...

For example, the short orders purchased by Soros, 10,000 contracts, 5 billion Hong Kong dollars (hypothetically), it is impossible for him to truly take out 5 billion Hong Kong dollars to buy, but using leverage, 5 times, or 10 times, that is 500 million Hong Kong dollars can buy 5 billion Hong Kong dollars of short orders.

This 500 million is the margin.

Once the loss exceeds the maintenance margin, the futures company must notify to add margin. If not added, the futures company will force liquidation, which is the so-called position explosion.

"Effective immediately, the margin ratio for Hang Seng Index futures will be significantly increased, from the original 【x】% to 【x+8】%..."

(PS: As long as the short orders are not settled, the margin ratio is generally adjusted continuously according to policy, rather than fixed, which is the basic practice of the futures market, the default rule.)

Zeng Sir's expression was solemn: "This measure aims to increase the speculative cost of malicious short sellers, compress their profit space, and fundamentally curb their malicious shorting behavior."

Reporters in the audience asked questions one after another:

"The government launched this measure, does Zeng Sir think that Hong Kong's finance is currently on the edge of danger?"

"Zeng Sir..."

For a time, questions rose and fell.

Zeng Sir raised his hand to signal everyone not to be impatient, and then said:

"We understand that this measure may have a certain impact on market trading activity in the short term, but in order to protect Hong Kong's economic environment, it is very necessary to launch this measure."

"As for Hong Kong's economy, we have the determination, the confidence, with the support of all Hong Kong citizens, to launch a resolute financial defense war with these malicious short sellers."

Zeng Sir's words were resounding.

However...

In the eyes of many, they felt:

Hong Kong government is bluffing, it's panicked.

Otherwise, why raise the margin?

ATV and TVB hadn't reported it yet, but the news reached the Soros Fund Company for the first time.

"It's actually raising the margin? Instead of raising the lending interest rate?"

Rodney Jones's first reaction was surprise.

Hong Kong's previous practice was to raise interest rates, but this time it was to raise the margin.

"Boss, this shows that the Hong Kong government is already anxious!"

"Correct, raising the margin will also reduce the circulation of currency in the market, thereby causing the stock market to fall."

"Good news!"

The team was pleasantly surprised one after another.

"Ring ring ring~~~~"

At this time,

phone calls were made one after another, all from futures companies asking them to increase the margin.

Increased by 8% margin, how much margin needs to be added?

Rodney Jones calculated inside.

Finally, he got a result: 200,000 short orders need to add 8 billion Hong Kong dollars in margin.

Naturally, there is not so much capital in Hong Kong, so he needs to find Soros for an appropriation.

He dialed Soros's international phone.

Connected.

"Boss~~~"

Rodney Jones reported it again,

Soros laughed loudly after listening: "It seems that the Hong Kong government already feels it can't hold on..."

Strong confidence brings strong arrogance. ===== CHAPTER 874 =====