Hong Kong 1980: The Savage Era

Chapter 565 567 [The Victory is Finally Coming]

On the 26th, there were still two days left to the end. Both sides were very calm, and both understood that if they were not careful they would make mistakes at the critical moment. Once a mistake was made, they would not be eliminated.

Today's Hang Seng Index is still hovering around 9 points. There are still three days left before it will inevitably usher in frantic short selling by international speculators. After all, if they don't act frantically, they will end up leaving the market with a loss.

The Hong Kong government also needs to grit its teeth and persevere, forcing international speculators to leave with losses, otherwise Soros and his gang will come back.

Luo Qihong is also very bold. He has begun to mobilize funds from Dehe Real Estate Company, preparing to knock out Soros and others in these last few days.

In the afternoon, the market received news that European investment banks had entered the market, and the British were naturally helping Soros.

This made the situation even more dangerous, and the Hong Kong government also stepped up its efforts to buy stocks in an attempt to reduce the influence of the British.

Luo Qihong thought about it carefully. He didn't think the British would be as determined as Soros and his group. Once a flaw appeared, the British would run away faster than anyone else.

Moreover, the British must have received some promises from international speculators when they entered the market to sell stocks and futures, otherwise how could they have lost money and gained publicity?

He couldn't care less. Now the arrow was on the string and had to be shot. If he lost, he would suffer huge losses.

"Use the 20 billion US dollars immediately, convert it from the Hong Kong dollar market, and return the 150 billion Hong Kong dollars to the market within two days." Luo Qihong immediately dialed the number and gave the order in a deep voice.

It has to be said that the participation of the British was a surprise force that caused turmoil in the entire market, but the impact will not be too great. After all, an alliance with ulterior motives is inherently unstable.

As Luo Qihong increased his investment, the Hang Seng Index returned to 9 points.

Quantum Funding.

"Another 20 billion US dollars poured into the foreign exchange market, and the Hong Kong dollars were continuously recycled. Although these 20 billion are nothing, they have disrupted our deployment." The assistant reported.

Soros frowned. If it was in the early stage, $20 billion would not be a big deal, but now the effect is obviously much bigger. "Where did it come from?"

"We found out that this money came from Heng'an Investment Company. It should be the funds hidden by Mr. Luo. I think this is his last fund." The assistant analyzed.

Soros stood up and said, "No, this is not his last foreign exchange fund. He can get more loans from Citibank. Don't forget that his industries in the United States are worth tens of billions of dollars."

"What should we do? Are we going to lose? This is impossible." The assistant's confidence was shaken.

"Don't worry. As long as he doesn't go to Citibank now, it will be useless tomorrow. Pay attention to his actions first, and also the actions of Citibank." Soros was still a little worried.

At the close of the market at 4 o'clock that day, the Hang Seng Index fell by more than 200 points to 8793 points.

Luo Qihong and the Hong Kong government both breathed a sigh of relief. The sudden joining of the British was too powerful. If it was left to the last day, they might really have been able to break through the defense line.

On August 8, as soon as the market opened in the morning, speculators' selling orders came in. Within 27 minutes, the transaction volume reached 15 billion Hong Kong dollars. In the second 20 minutes, the transaction volume was 15 billion Hong Kong dollars, and in the third 15 minutes it was still 15 billion.

At this time, the selling orders are concentrated on blue-chip stocks and red-chip stocks. The reason is that Hong Kong's small and medium-sized stocks have been beaten to a pulp and there is no need to spend more effort.

Luo Qihong immediately instructed the traders to buy up the blue-chip stocks that were being sold in large quantities, with no limit on the amount, and to buy as many as possible.

Hengan Investment Company still has a cash flow of nearly HK$300 billion on its books, which is enough for tomorrow's decisive battle.

If it really doesn't work, he can call on the HK$50 billion from Hengchang Hong Kong Holdings and Fujia Newspapers for emergency response.

During the lunch break, the market had already heard that Luo Qihong had transferred back 20 billion US dollars from outside.

"How much cash does Mr. Luo have? It seems he has thrown out tens of billions." "Someone has already calculated that the total amount of money invested is no less than 500 billion Hong Kong dollars. I guess it will exceed 700 billion Hong Kong dollars in the end."

"Oh my God! 500 billion in cash is more than the market value of Hong Kong's largest companies."

"Fortunately, he is from Hong Kong, otherwise Hong Kong's financial sector would have been destroyed."

The media also received this kind of rumor news, so they planned to report the news in the evening paper, and at the same time boost the momentum of the Hong Kong Club's victory.

Of course, there are also media newspapers that want to speak ill of Hong Kong, but ordinary people probably won’t buy it.

By the time the market closed at 4 p.m., Luo Qihong was already sitting on the sofa, thinking quietly about what had happened that day.

The Hang Seng Index closed at 8730 points, down 63 points from yesterday's closing. This was the result of the Hong Kong government investing HK$200 billion to rescue the market in one day.

Tomorrow will be even more intense than today. Not to mention a drop of 1000 points, a drop of 2000 points is possible, because international speculators will not admit defeat and do not want to suffer losses. For them, if they suffer a Waterloo in Hong Kong, more people will follow suit and they will no longer have the power they had before.

"It's the last day, so we should be cautious. Let's use the 50 billion. At least there will be some effect. It would be even better if it plays a key role." Luo Qihong said with his eyes closed.

Back at the Deep Water Bay villa, Luo Qihong was wearing a bathrobe and lying on a chair next to the swimming pool. There were fruits and red wine on the table.

Drinking a little alcohol before going to bed makes it easier to fall asleep, which is also the secret of Luo Qihong's good sleep.

"What's wrong? Are you worried about tomorrow's decisive battle?" Bai Jinyan walked over and sat on the chair next to him.

Luo Qihong didn't look back, and said calmly, "It would be a lie to say that I'm not worried, but we have a great chance of winning."

"How much money do you plan to invest tomorrow?" Bai Jinyan was also worried.

"I don't know. It might use up all the cash flow of the companies under his control. Maybe Soros still has some cards up his sleeve that he hasn't used yet." Luo Qihong took a sip of red wine.

"We have already invested tens of billions, and there are rumors outside. Selling off in the future will be a problem." Bai Jinyan has already thought about what will happen after the decisive battle.

Luo Qihong is not afraid. He is making money anyway. The Hong Kong government will not say anything before the economy recovers. After all, they are worried that he will sell off his stocks recklessly, causing the Hang Seng Index to plummet.

The media can only try to suppress it as much as possible. At most, they can control half of the public opinion in Hong Kong, and they cannot control the rest.

"Let's sell it slowly. Hong Kong is our base camp and I have to take risks. If I rely solely on the Hong Kong government, the pressure will be too great. Who knows if we will fail? If it's like South Korea and Thailand, we will basically lose a quarter of our assets. In this case, we might as well fight a good fight. There is no difference between losing a quarter and losing a third." Luo Qihong said.

The stock market and the local market are connected and cannot be separated, and the Luo Qihong family has a lot of properties in Hong Kong, so how can they really give up?

"After the decisive battle, will the group start buying up properties in Hong Kong?"

"Well, we can acquire some of them, but we need to be low-key and delay the announcement of the news." Luo Qihong nodded and still slowed down the progress.

If word gets out that Luo Qihong's family has bought half of Hong Kong, the pressure from public opinion will be great enough and impossible to handle.

"Go to bed early. We'll need you to take charge of the situation tomorrow." Bai Jinyan grabbed Luo Qihong's wrist.

Although she controlled most of the Zhaoan Group, her courage was still not comparable to Luo Qihong. If she were in charge herself, she would probably not be able to sleep in the first few days because the pressure was too great.

Luo Qihong put down his wine glass, held hands with Bai Jinyan and went back to his room to rest.

(End of this chapter)