By 1998, international speculative capital had made a net profit of tens of billions of US dollars after successfully profiting from the Four Asian Tigers and the Three Asian Dragons.
Its strength is unprecedented.
At the same time.
Tianyi Investment Company, on the other hand, rose quietly and made a fortune in silence, accumulating wealth rapidly.
However.
International speculators' ambitions have not stopped.
His final gaze fell upon Hong Kong, Asia's financial center, which had recently returned to China.
Attempting to short the Hong Kong dollar.
Western media have even jokingly said that Hong Kong will become an ATM for international speculators.
A decisive battle for supremacy is quietly brewing.
On the eve of the decisive battle.
On the night of August 27, almost no one in Hong Kong slept.
The following day is the settlement day for HS index futures.
This is the last chance for international speculative capital to short the HS index. Whether the large amount of put futures they bought previously can be converted into real money depends entirely on this battle.
Tianyi Investment Company, not wanting to be left out, quietly joined the fray.
But this time...
Their orders from Liu Feng were to turn against and retaliate against the international speculators led by Solo.
Liao Bisheng and Jin Xiaohu, two core members of Tianyi, were filled with unease, and fine beads of sweat appeared on their foreheads.
They repeatedly advised Liu Feng to act cautiously, to stop now or reduce his investment, and not to take such a huge risk!
However, this failed to shake his resolve.
As per Liu Feng's request.
They invested all the billions of dollars they had netted over the past year into it.
Although Liu Feng said that as long as we follow the Hong Kong government's decisions and do what Chinese people should do, we will not lose.
But their hearts were still pounding.
then.
A high-stakes gamble, led by the Hong Kong government, quietly began, with Tianyi Investment following closely behind, determined to weather the storm together with Hong Kong.
This is a battle with no way out.
It's all or nothing.
On the day of the decisive battle.
Millions of Hong Kong residents tuned in, their eyes glued to the rapidly fluctuating HS index, their hearts rising and falling with each tick, everyone on edge.
The staff at Tianyi Investment were on edge, and the air was thick with tension.
now.
Many Hong Kong residents no longer care about whether their assets have shrunk, but truly share the fate, glory, and disgrace of the city of Hong Kong.
At 10:00 AM, the decisive battle began.
The speculators dumped their shares aggressively and overwhelmingly, but the government troops met them head-on, buying up every last one.
Within just 5 minutes of the market opening, the turnover reached HK$3 billion!
At the close of the midday session, the turnover was HK$41 billion.
The situation became even more severe when the market opened in the afternoon.
As speculators dumped their shares, the Hong Kong government used almost all of its available foreign exchange reserves to absorb them all and defend the market. On average, HK$350 million worth of stocks changed hands every minute.
At 4:00 PM sharp, the HS Index finally settled at 7830 points!
Four harrowing hours later.
The total trading volume for the day reached a record high of HK$79 billion in the history of the Hong Kong stock market!
H-index futures ultimately settled at 7866 points.
Over the past 10 trading days, the Hong Kong SAR government used approximately HK$120 billion of its foreign exchange reserves to push the HS Index up by 1,180 points.
Amidst the turbulent stock market, the Hong Kong government made a concerted effort to stem the tide.
The initial victory in the defensive battle has been achieved.
From October to December onwards, the Asian financial crisis gradually eased, and the losses of international speculators intensified, ultimately forcing them to flee Hong Kong.
International speculators have lost their momentum and are facing defeat.
During the three-day celebration of China Telecom Investment, all employees received a generous bonus.
Through this battle, Liao Bisheng and Jin Xiaohu came to regard Liu Feng as a stock market guru.
In just one year, the two of them followed Liu Feng to Hong Kong and achieved financial freedom.
Luxury cars and BMWs are no longer just a dream.
As for how much wealth Tianyi Investment actually made during this financial crisis?
Even if they told others, no one would believe them.
Therefore, it became a secret between them.
More than a year of hard work.
Liao Bisheng and Jin Xiaohu were finally able to take a month-long vacation. Having not been home for a long time, they drove their luxury car and embarked on their journey home.
Returning home in glory...
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