Hong Kong 1980: The Savage Era

Chapter 566 568 [The financial crisis is finally over]

The next morning, the clarion call for the decisive battle sounded.

International financial giants immediately sold off a large number of stocks of the top ten companies in Hong Kong by market value. The Hong Kong government naturally bought up all of them without leaving a single share. In just 10 minutes, the transaction volume exceeded HK$40 billion.

At the same time, all 33 Hang Seng Index constituent stocks were sold off to varying degrees, and the Hong Kong government's defense was very tight across the board.

The Hong Kong government has sent people to discuss with Luo Qihong and handed over the entire stock market in the morning to them. Luo Qihong pretended that there was a problem with the funds and waited for the financial giants to show their cards.

In previous lives, the Hong Kong government was able to defeat international speculators, and there will be no problem in this life, but Luo Qihong still closely monitors the direction of the stock market.

The computer interface shows that the Hang Seng Index has a downward trend, but the decline will not be too large.

Five minutes later, the Hong Kong government invested 5 billion yuan, which pushed up all the blue-chip stocks and turned them green, and the situation improved.

Inside the stock exchange, stockholders looked at the big screen and saw that only the Hong Kong government was involved, but there was no sign of Luo Qihong, which made them feel bad immediately.

"Did Mr. Luo choose to back off? Or did he see some way out?"

"It's hard to say. Tycoon Luo invested tens of billions, so it's understandable that he's not making such a big push now."

"That's right. As Hong Kong tycoons, other people can't even protect their own piece of land. Luo Sheng has been guarding it for so long, can't he take a break?"

"So should we buy or just sell immediately?"

There was some panic in the stock market, but it was quickly corrected because someone spread the news that Luo Qihong was very optimistic about Hong Kong and said that Hong Kong would definitely win.

Seeing this, international financial giants took the opportunity to play their trump cards. European speculators intervened strongly, 5 points stronger than yesterday. The Hong Kong government's defense line is somewhat shaky.

Fortunately, the Hong Kong government had anticipated this and managed to hold on until the midday break, while the Hang Seng Index had fallen 56 points.

Of course this is not a failure. As long as the Hang Seng Index remains above 8000 points, international speculators will be defeated and leave the market, with a loss of nearly billion Hong Kong dollars.

Hengan Investment Company.

He Yaowu ran to the office and asked, "Boss, what time do we enter this afternoon?"

Luo Qihong said, "Get ready. I will order you to enter according to the situation."

"If the Hong Kong government had not been worried that Soros would save his last trump card for the afternoon and catch us off guard, we would not have needed to make a move in the afternoon. Now that Soros has played all his trump cards and the Hong Kong government has taken them, we can freely choose the time to enter the market."

"Yes! The outside world is talking about our not entering the market in the morning. Should the company step in to restore momentum?" He Yaowu said.

"Okay, tell the public that the funds we have raised have just arrived, and we will enter the market at a suitable time this afternoon." Luo Qihong said after careful consideration.

After He Yaowu left, Luo Qihong started to eat lunch, but he was a little absent-minded while eating.

This financial war that affects the world is about to come to an end, and the winner and loser has not yet been determined. Even if the Hong Kong government has the upper hand, it may not win.

When the market opened in the afternoon, the battle became more intense. International speculators sold even more stocks, with an average of HK$20 billion worth of stocks being sold every five minutes. The Hong Kong government was under particular pressure.

At 2:33, Luo Qihong ordered funds to enter the market and strongly bought the last 15 of the 40 blue-chip stocks. The Hang Seng Index was pulled up by nearly points.

"Boss, the selling force in Europe has weakened. There probably aren't many stocks left. Should we fight back?" He Yaowu reported.

Luo Qihong took a look at the current Hang Seng Index, which was 8620 points, and thought it could still go up a bit. "How much money would it take to go up 200 points?"

He Yaowu frowned slightly and said, "It can't be less than 150 billion in cash." Luo Qihong waved his hand and said, "Forget it, let's maintain the advantage until the market closes."

If we invest more money, it will seriously affect the family's development plan.

At 4 p.m., the Hang Seng Index stopped at 8791. The financial war was finally over, and the Hong Kong government won a great victory, making a profit of about HK$23 billion in the futures market.

By the weekend, magazines and newspapers in Hong Kong were all reporting on the end of the financial war.

The impact of the Asian financial crisis on Hong Kong's economy is undoubtedly huge. The Hang Seng Index has fallen by about 55% from its peak last year, which is acceptable to the people of Hong Kong.

There has been a lot of media coverage on Luo Qihong as the protagonist. It is estimated that the assets of Luo Qihong's family have exceeded the market value of its companies in Hong Kong, or even doubled.

Clearwater Golf Club.

The members of the Big D Club had been playing here for the whole morning, and Luo Qihong arrived just after lunch.

"You guys are quite free, now the market is starting to improve, don't you want to prepare some funds to buy at the bottom?"

Cheng Yutong responded with a smile, "What bottom line? It's good enough to maintain the status quo. How can we compare with you?"

"Joining forces with the Hong Kong government, Luo Sheng has defeated the evil ambitions of international speculators. He has been amazing this time." Liu Luanxiong echoed.

Everyone looked at Luo Qihong. They were very concerned about this information because they might get some good project inspiration from it.

"It's all media hype. It's mainly the Hong Kong government that's doing the hard work, and I'm just a bystander." Luo Qihong is very humble, he doesn't want to steal the limelight from the Hong Kong government.

"Mr. Luo is too modest. We are all insiders, and the media cannot fool us. I am afraid that Mr. Luo is the only one in Hong Kong who can handle tens of billions of Hong Kong dollars in cash."

Luo Qihong's appearance distracted the people playing cards. They all wanted to chat more with Luo Qihong and asked him some questions tentatively.

There was no other way. The financial crisis had caused them huge losses, and they wanted to get some funds to buy at the bottom.

During this period, Liu Luanxiong took the initiative to disclose that "Luo Zhaohui is going to fail this time. He still owes hundreds of millions and is being chased for debt every day. I don't know how many people have been harmed by the financial crisis."

Liu Luanxiong also suffered a considerable loss. Although he cashed out a batch of properties, he did not have time to withdraw his stock market investments. He also represented a large number of residential units in Hong Kong, and his losses exceeded HK$30 billion.

But he has a net worth of more than 100 billion, so he can still hold on, otherwise he wouldn't be sitting here playing cards.

"The economy also has its cycles. The long-term solution is not to be too greedy. The economy should recover next year. Now should be a good time to buy at the bottom." Luo Qihong smiled and said, "You may be able to make back your losses next year, and even make a little more."

The purpose of Luo Qihong's saying this is to let these people spread the word so that the Hang Seng Index will rebound and he can sell the large number of blue-chip stocks in his hands to make a profit.

Of course, this is also true. According to historical trajectory, the Hang Seng Index will basically recover to around 16000 points next year, which is almost the same as the peak in 97.

"What about real estate? Many people say it's not the bottom yet."

“No matter whether it’s the bottom or not, if it drops by 5% or 6%, it’s unlikely to drop by 8%. If it reaches 7%, it will be difficult for everyone to get the goods. It’s better to make less money than no money.” As soon as Luo Qihong said don’t be greedy, the members forgot about it.

"Well, Luo Sheng is a stock god. His judgment of the economic situation will not be wrong. I will definitely raise funds to buy at the bottom when I go back."

"Old Chen, I heard that you lost more than 20 billion, and you actually need money to buy at the bottom. Could it be that you hid your private money from your wife?" Everyone knew what to do and started teasing him.

(End of this chapter)