Seeking stability is the core guiding principle for all fiscal and monetary policies of the Hong Kong Monetary Authority and the Financial Secretary at this stage.
In preparation for Hong Kong's return to China, all districts and government departments in Hong Kong worked almost day and night, all for the sake of "stability."
The takeover process actually began a month ago, but Hong Kong's financial market was greatly affected by Southeast Asia in the previous period.
In order not to arouse the sensitive nerves of Hong Kong citizens and businesses, the handover was only carried out in particularly important departments in advance. As for the Financial Secretary and the Hong Kong Monetary Authority, which affect the stock market, they have been delaying the handover preparations until now.
After the Central Monetary Council moved into the Finance Department, it quickly began formal preparations to take over the work.
Of course, the original staff of the Hong Kong Monetary Authority and the Financial Secretary will remain in their original positions. The Central Monetary Council will send a liaison officer to act as an intermediary between the Financial Secretary, the Hong Kong Monetary Authority and the Central Council.
The news that the Central Monetary Council would be stationed at the Financial Secretary has spread through various media outlets, further strengthening Hong Kong citizens' confidence in the stability of Hong Kong's financial market.
Many investors bought in at the peak and became bullish.
A significant number of people, after following Soros into the market, sold a large amount of long positions and made a fortune.
Ah Fang's father used his own account to buy ten lots, totaling 1,000 Hong Kong dollar shares.
Chen Dong predicts that the Hong Kong dollar will experience a decline after Hong Kong's official return to China.
There are political factors at play, as well as economic factors, but the most direct influence comes from the actions of Soros and his associates.
After sending the top leaders of the Central Committee back to Beijing, the Hong Kong Monetary Authority (HKMA) celebrated the success of stabilizing the Hong Kong dollar, as Hong Kong was not affected by the Southeast Asian turmoil!
As the Hong Kong dollar appreciated, the Hong Kong Stock Exchange index reached a new high, with the Hang Seng Index soaring to a high of 100,000 points, an increase of 4.17% compared to the previous two months.
The prosperity of the Hong Kong stock market has boosted other exchanges.
The Seoul Stock Exchange's Gosdaq index surged 2.91% that month, while the Bombay Stock Exchange's Sensex 30 index rose 320.6 points, the highest increase in South and Southeast Asia.
The Huaxia Taipei stock market was most affected by Xiangjiang Financial, which once surged by 300.55 points, an increase of 3.82%.
As positive news continued to emerge in the stock market, Guo Bingxiang officially took a long position and instructed his broker to buy 50,000 lots at once.
Such a large-scale transaction by Hong Kong's top conglomerates signifies that the Hong Kong dollar market has entered a period of prosperity.
In another market, the peso, Singapore dollar, and Thai baht have all depreciated significantly, resulting in a substantial reduction in the wealth of the people.
Foreign companies in Southeast Asia withdrew en masse, financial institutions went bankrupt, and the national economy was completely paralyzed.
The people of Southeast Asia watched helplessly as their hard-earned money turned into worthless pieces of paper.
The prosperity of the Hong Kong dollar market has driven the prosperity of the entire financial market in Hong Kong, and Hong Kong has temporarily entered a period of healthy deflation.
Two days until Hong Kong's return to China.
This is a critical juncture, and the Hong Kong Monetary Authority is on high alert, with staff working in shifts around the clock.
Du Xingzhi divided the analysts of the Hong Kong Monetary Authority into several groups. Some were responsible for monitoring the Hong Kong stock market, some for monitoring the New York stock market, and some for monitoring the London Stock Exchange.
This move is primarily to prevent a sudden sell-off from disrupting the stability they have painstakingly maintained.
At this time, Soros's foundations sold off all of their Hong Kong dollars.
Because Soros sold Hong Kong dollars in the New York and London markets, the Hong Kong currency market has not been affected for the time being.
Soros's actions did not involve directly selling currency into the Hong Kong financial market, thus avoiding the upward trend of the Hong Kong dollar.
Therefore, it did not trigger a sell-off frenzy in the Hong Kong financial market.
Du Xingzhi once believed that Soros's move was due to intimidation from the mainland, which was why he temporarily avoided confrontation.
Whatever Soros's reasons, the Soros Group's sell-off of Hong Kong dollars is a timely help to the Hong Kong dollar market, which has been lacking sell orders for a long time.
From this point onward, the value of the Hong Kong dollar began to decline slowly in the broader market.
As the Hang Seng Index returns to rationality, Soros's front man is also gradually entering a period of dormancy.
"Little Lu! Just as you said, the Hong Kong dollar is going to depreciate!" Uncle Long said with a smile, looking at the numbers on the stock exchange chart. "You're absolutely right!"
Chen Dong casually looked away from the stock market, not knowing why he could understand it.
He seems to have known many things before, as if they were instinctive.
"But the drop is too small. When can I short sell?" Uncle Long asked.
Chen Dong quickly warned him, "Now is not the time to short sell, so don't rush into it."
"The most important thing in stock trading is to wait for the right opportunity!"
Upon hearing this, Uncle Long nodded in agreement, saying, "That's what my card-playing buddies told me too!"
"Don't worry, I'll definitely ask for your opinion before I short sell. I'll only short sell after you give me permission!"
Afang watched her father and Xiao Lu chatting from the side, feeling very helpless.
Back when she said she wanted to take Xiao Lu in, her parents were very indifferent and even wanted to kick Xiao Lu out. Now, her father treats Xiao Lu like a treasure.
This is understandable, as Xiao Lu's analytical and predictive abilities in securities and stocks are even better than those of the average TV analyst.
Afang had heard Xiao Lu talk about the stock market several times and felt that Xiao Lu was insightful, far-sighted, and not an ordinary person.
Thinking about this, Afang felt as if her heart was stuffed with cotton, and she felt very uncomfortable.
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