Chapter 280 Declining Management

  Others obviously didn't know what was going on, and most of them had shocked expressions on their faces. Only Liao Xiaohua and Zhong Yi had no expression changes on their faces, obviously they knew it a long time ago.

  Zhong Shi stood up, first bowed slightly towards Zhuge Pavilion, and then said loudly: "Everyone, according to our previous experience, we think..."

Before he could say a few words, he was immediately interrupted by Song Ling, who asked very seriously: "Mr. Zhong, what kind of experience are you talking about? Can you explain it clearly to everyone? You must know what is being discussed now. The most important thing is the fact that hedge funds may attack Hong Kong, if it is experience in other fields, I am afraid it is not suitable to be quoted in this place!"

Zhong Shi frowned, squinted at the upright Song Ling, and then looked at Zhuge Guan, seeing him nodded slightly, and then said loudly: "The experience I'm talking about is naturally how to impact a country. The experience of the monetary system, which is what you call the experience of hedge funds causing currency crises.”

Up to now, Zhong Shi also knows that what he did can't be hidden from the deliberate probe of the state machine, so he can only say one or two things here, but he didn't intend to tell the whole thing, after all, some things involved in it involved a larger confidentiality.

Looking at the expressionless face in the Zhuge Pavilion at this time, Zhong Shi even thought maliciously in his heart, whether this so-called seminar was just a cover, and the essence was to invite him alone of.

   But now that they have all come, Zhong Shi doesn’t care what the starting point is. At this time, he just wants to fulfill his conscience and duty as a citizen, so that the Hong Kong financial crisis that may erupt in the future will never happen again.

   Obviously, what Zhong Shi said shocked everyone present. They know very well that a hedge fund that can attack a country's currency system is definitely not an ordinary-scale hedge fund. This kind of hedge fund either has an extremely powerful say in the market, or has a particularly large amount of funds. In short, it is definitely not an unknown person.

But few of the people here seem to have heard of the name Zhongshi, nor the name of the related fund, which made them confused after being shocked, but the words of the dignified deputy prime minister should not be wrong, right? All of a sudden, everyone's expressions changed rapidly, and the way they looked at Zhong Shi also became complicated.

  Especially Song Ling, a pair of triangular eyes kept sweeping towards Zhong Shi and the unchanging Zhong Yi on the other side, as if trying to find out the connection between the two.

How could Zhong Shi have the time to think about what these people were thinking? After a while, and after everyone gradually accepted the shocking fact, he continued: "According to our research, among the several Southeast Asian countries that have declared free floating Large or small problems have appeared in the internal economy. The reasons for these problems are different, but they all have one thing in common, that is, the currency values ​​of these countries are overvalued, and this overvaluation seriously affects their economic development. export industry."

"Taking Thailand as an example, its exports in the first half of the year slowed down significantly, while investment continued to grow significantly. Under such circumstances, capital inflows are bound to flow to industries with high returns, such as the stock market and real estate. In fact, , Thailand’s stock market has fallen by more than 50% from the peak period. According to our survey, the real estate industry has generally found that there is a phenomenon of insufficient operating rate and unsold sales. There's a serious bubble."

"For this reason, we borrowed a loan from Thailand with a fixed interest rate as early as January, waiting for the outbreak of the depreciation of the Thai baht. Sure enough, in May and June, international hedge funds successively launched attacks on the Thai baht in the foreign exchange market. Although Thailand has counterattacked, due to the unfavorable economic fundamentals and the misunderstanding of the government decision-makers, the Thai baht was finally forced to announce the abandonment of the fixed exchange rate system.”

"After Thailand announced the devaluation, this currency crisis was naturally transferred to other Southeast Asian countries, because they have a very similar economic model with Thailand. The depreciation of the Thai baht undoubtedly increased the pressure on their exports. In this case, Successive currency depreciations have become inevitable."

"However, Hong Kong is different from them. First, Hong Kong's fundamentals have not changed much, that is to say, Hong Kong's economy is functioning well, so there are no conditions to attack. Second, the Hong Kong dollar's fixed exchange rate system has a huge U.S. dollar as a support , making the Hong Kong dollar full of gold, which supports the confidence of Hong Kong dollar investors to a certain extent, and there is no need to worry about the risk of depreciation of the Hong Kong dollar. Third, Hong Kong is backed by the huge market in the mainland, and the factors that support consumption and stimulate the economy are all It is very strong, as long as the mainland's economy does not have major problems, Hong Kong's economy will not have too many problems."

"Although I have said so much, it does not mean that hedge funds will not attack the Hong Kong dollar. According to our predictions and exercises, hedge funds do have ways and means to make profits by attacking the Hong Kong dollar, or to shake Hong Kong's economy. As for How to do it, that's what I'm going to talk about."

   Immediately Zhong Shi recounted the set that was analyzed in the Tianyu Fund before.

Shock!

  The audience was shocked!

  After Zhong Shi spoke eloquently for a long time, even the face of Zhuge Guan, who has always been indifferent to emotions, showed a surprised expression, let alone the other meeting participants.

After a full five minutes, Zhuge Guan, who had chewed "interest rate futures" and "stock index futures" several times, raised his head, looked at Zhong Shi with eyes full of admiration, and said, "Since you can think of it this way, why don't you think about it?" You should have thought of the way to crack it, right?"

But to his disappointment, Zhong Shi shook his head slightly, and replied without a trace of emotion: "This is a strategy we devised to attack Hong Kong, so why would we assume an enemy for ourselves?" Then he paused , as if thinking of something, and said: "However, this method may not necessarily be feasible. The positions between several markets must be accurately calculated, otherwise it will be easy to steal chickens if the HKMA counterattacks. The evil result of losing a lot of rice."

"A move by the Monetary Authority?" Zhuge Guan nodded, changed the subject, and said, "Countries such as Thailand, Singapore, and even the United Kingdom and Sweden all raised interest rates or overnight lending rates when they encountered currency attacks. Using high costs to force hedge funds to leave the market at a loss, should this be what you call a counterattack?"

Zhong Shi naturally knew what tricks the HKMA would use to fight back against the hedge funds shorting the Hong Kong dollar in the exchange rate market, but he was a little surprised when he said this from Zhuge Guan, but then he thought that Zhuge Guan was also the governor of the central bank This identity immediately wakes up.

Nodding in agreement, Zhong Shi went on to say: "In fact, this trick is relatively easy to crack. On the one hand, the Monetary Authority raises the lending rate to attack currency speculators; link between the two markets.”

   "However..." Zhong Shi hesitated for a long time before slowly saying, "The amount of money that can raise the stock index is very large, even to an unimaginable level, and the other party must be prepared to fail."

  Zhuge Guan nodded, and then said to the others: "Everyone, do you have anything to add?"

   Just kidding, there is a hedge fund with actual combat experience in front, and others have nothing to say. On the other hand, Song Ling rolled his eyes, and a vicious thought popped up. He stood up and said, "Mr. Zhong, according to what you said, the Hang Seng Market seems to have great potential, but I don't know if your foundation will be involved in it?"

  As soon as this remark came out, the faces of all the people present changed drastically. Even Zhuge Guan stared at Zhong Shi with great interest to see how he would answer.

Zhong Shi turned his head and said righteously: "First of all, profit-seeking by capital is a normal business behavior, and it is normal for me to do so. At least there is no legal accusation. You must understand this. Secondly, I don't intend to do this. Do, no matter what, Hong Kong is also my foundation. And Huaxia has just taken back Hong Kong. If I short the stock market at this sensitive time, it is not only an apolitical and disregarding of the overall situation, but it is likely to affect tens of thousands of people. This is definitely not what I want to see. Remember, I am not Soros!"

  He said these few words righteously, majesticly, and standing on the commanding heights of morality. Even if someone wants to refute, he can't say anything wrong.

Song Ling's face turned red immediately, as if he had been slapped in the face in public. He only felt the heat on his face. He sneaked a glance at the Zhuge Pavilion and saw the admiration on the chief's face, and he felt a chill in his heart. , not daring to continue provoking any more, so he sat down resentfully.

"I really admire you more and more!" Zhuge Guan slapped his hands slightly, thought for a while, and then said, "I intend to let you manage a part of the funds, of course, this part of the funds is to deal with the decline of the Hong Kong stock market. They are all handled according to the rules of the market, I don't know what you want?"

   This is clearly giving money to Zhong Shihua. Except for Liao Xiaohua and Zhong Accident, everyone present is extremely envious. You must know that if the amount of funds is large, even a fixed management fee for a year will be an astronomical figure. Song Ling, who was the most jealous, almost burst into flames when he looked at Zhong Shi.

Today's shock is enough, but Zhong Shi is destined to give them another surprise. Zhong Shi shook his head without hesitation, and directly refused: "Chief, I can't accept this money, and I dare not accept it." .”

Zhuge Guan nodded, obviously Zhong Shi's reaction was not beyond his expectation, but he was also a little unwilling, and deliberately asked: "Since you have theoretical support and practical experience, and are willing to contribute a share for the country and region Why do you refuse my kindness?"

   Thank you Demon Dragon Warrior for your reward! At the same time, I hope to get the support of more book friends.

  

  

  (end of this chapter)