The rise of heroes begins with Hong Kong movies

Time flies by quickly, and in the blink of an eye, a few months pass, and April 1998 has arrived.

At this time, the Asian financial crisis has entered its second stage and will soon reach its peak.

That was what became popular in later generations - the financial defense of Hong Kong Island!

For Soros and others, in this second stage, sniping at Hong Kong Island, the world's financial center, is the top priority!

In real history, Soros and Andrew·H·Morgan and other international hot money began to attack Hong Kong Island in October 1997. By April 1998, they had launched three consecutive attacks!

This group of financial thieves started from the stock market, foreign exchange and futures markets of Hong Kong Island. They launched a three-pronged attack in an all-out attack!

I made huge profits for the first three times, until I came to the fourth time!

The intensity of this fourth attack was greater than the first three combined.

Because they want to make a big profit.

Hong Kong Island's financial market has reached a critical moment, and Hong Kong Island alone cannot bear it. Once Soros and other international hot money get their hands on it, Hong Kong Island will surely experience an unprecedented stock market crash!

The economy has suffered an unprecedented blow!

At this critical moment of life and death, the mainland took decisive action and joined forces with the Hong Kong government to launch an unprecedented counterattack against Soros and other international hot money.

Soros and others were completely defeated and paid back half of the money they earned from the first three sniper attacks on Hong Kong Island.

Yanguo and Hong Kong Island won face, while Soros and other international hot money gained face.

Although I didn’t win much, at least I earned something.

They took the money and continued to raid countries in East Asia and Southeast Asia until they reached the White Bear Country. Unexpectedly, they encountered a ruthless person and suffered a big loss.

Soros almost stayed in the White Bear Country with his life, but finally escaped in despair.

Let’s get back to the point, let’s go back to Hong Kong Island.

In this world, everything has changed because of Huo Wenyao's appearance.

Soros, Andrew·H·The time when Morgan and other international hot money attacked Hong Kong Island for the first time was no different from the previous one, which was also in October last year, but there were many differences.

The process is different, and the results are also different, and so many differences, in the final analysis, are still because of Huo Wenyao!

Right now, in the financial field, he is a god-like existence!

Countless believers!

As the saying goes, flies don't bite seamless eggs. The fundamental reason why Soros, Andrew and others took action on Hong Kong Island is that there are problems with Hong Kong Island's financial system and even greater economic problems.

The bubble accumulated in these years of development is really too big.

Regardless of feelings, just business, it is completely reasonable for Soros, Andrew and others to attack Hong Kong Island.

It makes no sense, it’s Huo Wenyao!

Just like what Huo Wenyao and Jimi talked about before, now he is the number one player in Hong Kong Olympics and a business card of Hong Kong Island. No matter what, it is impossible for him to snipe Hong Kong Island.

No matter how much money you make, you can't do this.

If we understand it this way, it makes sense for Huo Wenyao not to snipe.

Soros, Andrew and others also understand.

Therefore, before the sniper attack on Hong Kong Island, they did not go out of their way to find Huo Wenyao and test his tone like they did when they sniped against the Thai Baht. It was unnecessary. Huo Wenyao would never, never take action.

But that's all, support Huo Wenyao to death and then stand up to cheer for Hong Kong Island.

Can't do more!

But what happened next greatly exceeded everyone's expectations!

……

……

On October 8, 1997, Soros, Andrew and others took action!

Preparations started as early as three months ago.

At that time, Soros, Andrew and others were still making waves in Southeast Asian countries, but they had already set aside a large amount of funds to purchase two types of long-term Hong Kong dollar futures, 3-month and 6-month.

The first attack, unlike the last, was not as big of a deal.

They simply attacked Hong Kong Island's foreign exchange market and stock market, but did not launch an attack on Hong Kong Island's futures market.

The operation of buying long-term currency futures is exactly the same as the operation of attacking Southeast Asian countries such as Thailand, Singapore, and Malaysia. It is to first accumulate futures contracts and then release them instantly.

Of course, Hong Kong Island is now one of the world's financial centers, and its strength is far beyond that of Southeast Asian countries such as Taipei and Singapore.

Hong Kong dollars are exchanged for US dollars under a fixed exchange rate system, that is, 7.75 Hong Kong dollars can be exchanged for 1 US dollar. Of course, there are fluctuations, but the range is extremely small, and the deviation does not exceed 0.3.

On this point alone, it is not comparable to those Southeast Asian countries.

In the final analysis, financial war is still a contest of economic strength.

In the face of absolute strength, all conspiracies and tricks are just paper tigers.

As of the end of December 1997, what were Hong Kong Island's foreign exchange reserves?

The answer is -

US$92.8 billion!

This number is the third largest foreign exchange reserve in the world, second only to Sangguo and Yanguo, and is larger than the foreign exchange reserves of the attacked countries in Southeast Asia combined!

This also means that it is simply impossible to defeat the Hong Kong dollar in one battle!

What Soros and others want to make is money from the entire Hong Kong stock market.

That is Hang Seng Stock Index Futures!

The price of the Hang Seng Index futures contract is HK$50 per point, and you only need to pay a margin of 15% to 20% to trade, which is 5 times leverage. US$10 billion can be used as US$50 billion.

The value of one Hang Seng Index futures is the current Hang Seng Index point, multiplied by 50 Hong Kong dollars!

For example, if the Hang Seng stock index is currently at 8,000 points, one hand of Hang Seng Index futures is worth 400,000 Hong Kong dollars, but with 5 times leverage, it only costs 80,000 Hong Kong dollars to buy one hand of Hang Seng Index futures.

If you go short, you can earn NT$50 from one Hang Seng Index futures for every 1 point the Hang Seng stock index drops.

If it drops to 6,000 points, you can earn 100,000!

Suppose Soros invests HK$80 billion to buy 1 million Hang Seng Index futures. At this time, how much money can he earn from these 1 million Hang Seng Index futures?

The answer is -

100 billion Hong Kong dollars!!

You know, for people at the level of Huo Wenyao and Soros, the biggest cost is not money, but time!

In just a few months, you can make a profit of 100 billion, even if you risk being hanged.

Their attack on the Hong Kong dollar is only superficial. Their real purpose is actually to target the Hang Seng Index!

Long before the attack, various hedge funds began to sell the Hang Seng Index aggressively and established a large number of short positions in the Hang Seng Index.

The second and third attacks were not much different from the first.

There is no need to go into details about the next two attacks, just talk about the first one.

For Soros, Andrew and others, they have everything ready and just need the east wind. It is impossible to overthrow Hong Kong Island, the global financial center, in one fell swoop, but it is still very simple to make a big fortune.

Easy, easy!

They are wrong!

The fault was that they selectively forgot about Huo Wenyao!

What's more wrong is that they misjudged Huo Wenyao!