Having exhausted their foreign exchange reserves to ensure the well-being of Hong Kong citizens and the normal operation of Hong Kong's financial system, they have no other options but to tighten their purse strings.
In order to obtain more Hong Kong dollar cash, the Hong Kong Monetary Authority had no choice but to turn its attention to the stock market.
"Submit a higher price," Soros ordered.
Because Soros previously drove the Hong Kong dollar to a high value, the market sentiment towards the Hong Kong dollar is currently very optimistic, and people are hesitant to make any moves.
The Hong Kong Monetary Authority (HKMA) is unable to recover Hong Kong dollars from retail investors, so it can only raise the bid price and list the dollars on the market.
With the Hong Kong Monetary Authority and George Soros jointly driving up the price, the market value of the Hong Kong dollar soared to an astonishing 7.1.
Soros has gone mad, and Du Xingzhi is almost mad too.
His original intention was to keep the foreign exchange in his own hands and prevent Soros and his group from controlling the entire currency market.
However, the competition between the two sides has actually heated up the market.
Hong Kong's financial giants also began to prepare for action, entering the market one after another, while retail investors were scrambling to get in on the long side.
The entire market is surging like crazy, and Hong Kong financial channel predicts that the Hong Kong dollar's upward potential has not yet been fully realized.
Currently, securities companies and asset management institutions are holding back their short positions and are determined not to sell them.
Everyone's attention was focused on the multi-headed position.
At this time, Asian investment banks quietly bought 50,000 short-selling orders in the stock market.
This is the largest short order Xiang Feng has seen in the company since he became the investment director.
He tried to discuss the matter with Delimu several times, but Delimu always gave him the same attitude: follow Soros's plan.
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