Chapter 290 began to sing empty

The strange thing is that although Zhongshi has brought the devaluation of Thai baht and other currencies half a month earlier, this effect has not been shown in the Hong Kong market. Although it is different from the memory of the previous life, the Hang Seng Index still stubbornly Running according to the inherent trajectory.

   Soon, Zhongshi will know why. Regardless of whether he pried the wings of the financial turmoil or not, the attack on Hong Kong happened during that time, because it was a carefully arranged game, and the choice of timing was very important.

   On October 8, Wednesday, the plane of Zhong Shi and others landed at Kai Tak Airport. Except for some personnel who stayed in South Korea for necessary reasons, most of the others followed Zhongshi back to Hong Kong. The work of shorting the Korean won can also be carried out through telephone, Internet, etc., and staying in South Korea at this time may have a certain dangerous.

  Kai Tak Airport is a very famous airport, located on the south coast of Kowloon Peninsula, separated from Hong Kong Island by Victoria Harbour. The airport is surrounded by the downtown area, and on the opposite side of the Hong Kong Island there are several high mountains about 500 meters high. The only way to enter the port is at the corner of Lei Yue Mun Gorge, which is located on the west side of the airport and southeast of the runway. What's more terrible is that Kai Tak Airport has only one runway extending into Victoria Harbour. This runway was built by reclaiming the sea, because the land cost here is really expensive.

   With such a harsh environment, landing at the airport has become the biggest test for pilots. Generally speaking, the plane has to circle about 130 degrees near Hong Kong Island, turn into the corner of Lei Yue Mun Gap, and then land quickly on a runway that is less than 3,000 meters long. In addition, there is another way of landing, the angle of hovering is about 310 degrees. No matter what kind of landing method, the danger is very great. It is precisely because of such a challenging lift that Kai Tak Airport is known as one of the "Top Ten Dangerous Airports in the World".

  In the late 1990s, Acting Governor Chris Patten made a decision to build a new airport on Chi Lap Island, Lantau Island, but the new airport had not yet been completed, so planes to and from Hong Kong still had to take off and land at Kai Tak Airport.

When the plane shook all over, and immediately made the sound of "squeak" tires rubbing against the ground, most of the passengers in the cabin let out a sigh in unison. This highly dangerous landing method at Kai Tak Airport has placed a serious psychological burden on them.

  Zhongshi is no exception. Although the plane is the safest way to travel, once an accident occurs, it will be a tragic situation where almost no one in the cabin can escape. It's a pity that the current Internet situation is not as developed as that of later generations, so even if Zhong Shi wanted to avoid it, he had to do it himself under certain circumstances.

  Looking at Zhong Shi's pale face, Zhong Yi, who was sitting beside him, smiled and said, "Is that why I'm so afraid of flying? Why didn't I find out before?"

Since it has already landed at this time, there is no possibility of accidents, Zhong Shi no longer shy away, and said: "Don't be tempted by the advertisements of airlines. Well, maybe a whole body can be left behind, if it falls into the sea, there will be no place for burial.”

  Zhong Yi's complexion changed, and he closed his mouth embarrassingly, and stopped teasing. Obviously Zhong Shi's words touched the dark side of his heart, which made him have to face up to this issue.

Seeing the change in Zhong Yi's face, Zhong Shi smiled gloatingly and said, "Now you understand why I have invested a huge amount of life insurance for every employee! It seems that in the future, I will not take the same class as you If something really happens to the plane, then our Zhong family will be destroyed."

  At this time, the stewardess who passed by them looked at Zhong Shi with a surprised look, obviously very dissatisfied with his outrageous words. But she also knew that the first-class passengers were not easy to mess with, so although she was slightly dissatisfied, she still didn't say anything.

Walking out of the waiting hall, I saw Ma Jiarui waiting at the exit from a distance. He originally had a slightly anxious expression on his face, but when he saw Zhong Shi and the others appear, this expression immediately changed into surprise expression.

   Yes, Zhong Shi has become a god-like role among the employees of Tianyu Fund. This invisible influence has been magnified countless times because of his role in the Southeast Asian currency crisis. Ma Jiarui and others naively believed that as long as Zhong Shi could make a move, no matter how difficult the difficulties were, they could be easily solved. But these are all their wishful thinking. In fact, Zhongshi is just a person, not a god.

   "What's the specific situation?" Zhong Shi took off his coat, put it on his arm, and asked as he walked by Ma Jiarui without stopping a step.

Ma Jiarui immediately followed Zhong Shi's footsteps, took Zhong Shi's suitcase casually, and said quickly: "In this period of time, the financial status of listed companies in the third quarter is about to be announced, and major international investment banks have all started to speak negatively about the performance of Hong Kong stocks. The main reason is that due to the impact of the Southeast Asian financial crisis, the profits of these companies have shrunk sharply, so the stock prices of many companies have tended to be artificially high, which cannot truly reflect the operating conditions. In other words, there is a bubble in the Hong Kong stock market.”

   "Current index situation?"

   "The price hovered around 14850 points at the close yesterday, and there was no excessive decline. The medium and long-term moving averages put pressure on the market outlook, while the short-term moving averages supported the index. It can be seen that the outlook for the market is not optimistic."

"Technical indicators are all nonsense, and they are not reliable at all. What about trading volume?" Zhong Shi stopped, looked directly at Ma Jiarui, and shook his head slightly, "Although we have not been involved in the stock market too much, technical Analyzing this set is pure nonsense, because as long as we think about it, we can create an ideal K-line chart at any time. You should understand this truth. The capital market, the capital market, still depends on the amount of capital.”

Ma Jiarui's face was slightly uneasy, and he paused for a moment before he said: "What you said is very reasonable. There has not been much change in the trading volume. The trading volume is about 150 million shares, which is the same as the previous few trading days. There is an outflow of funds." trend, but this outflow is not large.”

   "What about stock index futures?" Zhong Shi nodded slightly after listening to Ma Jiarui's words, and then asked about other markets.

"Except for the slump in the previous period, the total number of stock index futures remained at around 1 million, and the range of fluctuations was not very large. However, the growth rate of stock index futures in October accelerated significantly, and the total number of hands accounted for 60% of the entire market. It is precisely for this reason that I judge that international hot money may have a hand in the Hong Kong market." Ma Jiarui's forehead was already dripping with sweat, and this question and answer method made him feel a lot of pressure.

"There is such a possibility!" Zhong Shi nodded, "After the delivery of the September contract is completed, the amount may be a little too much when it is now transferred to October. But after the transfer, the two parties should have completed their positions long ago. The sudden increase in the number should be to establish short positions in advance and prepare to sell in large quantities while taking advantage of the opportunity."

   "In addition, in terms of interest rate futures, is there a forward foreign exchange market?"

  Because of the possible linkage effect, Zhongshi needs to ask clearly about the movements of each market. He has already analyzed the means by which international capital may attack Hong Kong before, including the linkage between the stock market, futures and exchange rate markets. So an unusual move in a market doesn't tell the whole story.

"In the Hong Kong dollar futures markets in Singapore, London and New York, there is not much volatility. The exchange rate of the Hong Kong dollar remains above the psychological mark of 7.75, and there is no sign of a large-scale attack. In the bond market , the long-term nominal interest rate has not fluctuated, and the overall real interest rate remains at a negative level.”

  Nominal interest rate and real interest rate are two different things. Nominal interest rate is a number given by the supervisory department, and the actual interest rate can only be obtained after deducting inflation and other factors from this number. Currently, the nominal reserve rate in Hong Kong is around 4.08%, while the bond rate in the market has reached 5.03% in the last week. Therefore, the nominal interest rate is actually a negative interest rate. In this case, deposits are naturally the most stupid behavior.

It has to be said that Ma Jiarui is indeed a very remarkable talent. All kinds of data and changes are blurted out, and there is almost no time to think. He is obviously familiar with these situations. I glanced at him a few times.

   "Which are the investment banks that are short-selling now?" Zhong Shi had already walked in front of the car at this time, but before he got into the car door, he seemed to suddenly think of something, and couldn't help asking.

Ma Jiarui snapped his fingers and counted: "Merrill Lynch, Stanley, Goodman, Lehman, Macquarie..." He counted the names of more than a dozen investment banks, and finally found something, and said quickly: " It seems that among them, American investment banks account for the vast majority. Moreover, their analysis reports are extremely sensational, using words such as seriousness, danger, and bubble throughout the article, which are far more shocking than the reports of other investment banks.”

"I see!" Zhong Shi's expression was as usual, without the slightest emotion, he said to Ma Jiarui before he got into the carriage: "If I'm not wrong, they should start building momentum for future attacks. But before that, I have to make sure of one thing. You ask Maxim to borrow stocks from brokers to see if the maximum amount has changed. If there is a change, what is the specific amount? Let him handle this as soon as possible. thing."

  According to Zhongshi’s previous analysis, international hot money may first sell stocks in the spot market, and then take advantage of the index’s decline to cause linkage in the exchange rate and stock index futures market, and then the interest rate futures market.

Naturally, since stocks may fall, it is impossible for international hot money to hold these stocks, and the best way to short is to borrow stocks through the brokers of market makers, and then sell them in the market, resulting in an oversupply phenomenon. In this way, the stock price immediately fell in response, and the short side took the opportunity to profit.

   Thanks to the book friends for protecting Manman, the old man was shot, and Lei lsq for voting for the monthly ticket! It is not easy to write two chapters a day, I hope everyone can understand the hard work of the author, and continue to support, thank you~

  

  

  (end of this chapter)