This move of any move is still very effective. The capital in the hands of the giants in the Power Semiconductor Alliance exists in the form of 3 currencies after market amplification, that is, the assets after amplification are made with various financial tools.

For example, although the Hong Kong stocks in their hands have already taken high positions, the funds have not been withdrawn. Instead, they have injected various funds, insurance, trusts and financial companies. By operating these institutions, they can enter the financial market without supervision through credit, investment, financing, lending, etc., and absorb more idle and free funds.

Through this kind of financial means, one dollar can actually be used as two dollars, or even five dollars or ten dollars. This principle is actually not difficult to understand. If the giants invested one billion US dollars in Hong Kong and then invested in the property market after exchanged Hong Kong dollars. After several months, the assumption of the rise in the property market was doubled, then nominally, each company had the corresponding Hong Kong dollars of 2 billion US dollars in its hands.

However, has the Hong Kong government really issued the corresponding Hong Kong dollars of 2 billion US dollars? Of course not. The corresponding Hong Kong dollars of 2 billion US dollars are just a string of numbers in commercial bank accounts. The HKMA will not match this account anyway!

One problem here is that the deposits in commercial bank accounts are controlled by the interest rate announced by the Hong Kong Monetary Authority.

Once the HKMA raises interest rates, the cost of raising funds from commercial banks will immediately rise. Shorting for foreign exchange does not mean selling the Hong Kong dollar in your hand, but it will become a hammer of trading, and the benefits of shorting the economy will not be your share.

Is short selling the purpose? Of course not. Soros shorted the Southeast Asian economy in 1997 just to make a wave of wealth? The real big head is behind it, and various resources that have become worthless after the economic collapse.

The best way is to use large-denominated time certificates (ds) as collateral, then borrow Hong Kong dollars and sell them to short, and wait until the Hong Kong dollar falls and the exchange rate falls, and then buy the corresponding Hong Kong dollar balance account. The large-denominated certificates of deposit in your hand are the tools to enjoy the final victory.

After the HKMA raised interest rates, it did put huge pressure on such short-selling financial instruments, which eased the fluctuations in the Hong Kong dollar in the foreign exchange market.

There is never a shortage of opponents in the market. Some people short and some are naturally long. Some funds think that the major giants in the semiconductor alliance are full of energy, but some are optimistic that the Hong Kong government can counterattack. After all, the Raptors do not defeat the local snake!

In this way, as some short positions are eaten by the opponent, the result of the war does not seem to appear so quickly.

However, although interest rate hikes are effective in the foreign exchange market, interest rate hikes are absolutely negative for the stock market. This is also common sense in the capital market. Rate cuts stimulate the economy and are good for the capital market. Rate hikes will bring capital back to the bank, which is a way to calm the overheating of the economy and reduce inflation.

With the HKMA's interest rate hike, the Hang Seng Index in Hong Kong stocks fell in response. A large number of sellers suddenly appeared cut off the Hang Seng Index by more than a thousand points in a very short period of time, and this trend still showed no sign of stopping.

There are only two ways before the Financial Management Bureau: the stock market for interest rate hikes collapsed, and the foreign exchange rate cuts collapsed.

In fact, this is just an illusion of the HKMA. Whether it is a rate hike or a rate cut, neither of the stock market nor the foreign exchange market can escape the fate of collapse.

After seeing that the interest rate hikes seemed to have some effect, the HKMA immediately raised interest rates several times in the short term. The logic here is actually very clear. The stock market crash loses the money of the leeks, while the foreign exchange crash loses the money of the HKMA, which is the capital of the power represented by the British Hong Kong executives.

The repeated interest rate hikes have indeed made the market realize the determination of the Hong Kong and British governments to maintain the Hong Kong dollar exchange rate, and the capital to go long has gradually increased.

However, on the other hand, the multiple interest rate hikes have completely lost Hong Kong stocks at 5,000 points, and the entire stock market has plummeted.

At the same time, many mainland companies, including Jinxiu Group, jointly announced that due to the huge policy fluctuations in the Xiangjiang stock market, the investment environment is obviously extremely harsh, so after research, it was decided to delist unanimously!

These main mainland companies in Hong Kong stocks will repurchase company shares from their holders at market prices.

Ran Ni, chairman of Jinxiu Group, said in a private place that it sold for ten yuan and bought it for one yuan, which is so wonderful!

Delisted companies will next seek to list on the Hujiang stock market. The Magic City takes advantage of this to launch a plan to build an Asian financial center in the next ten years.

After mainland stocks chose to delist, Hong Kong stocks have basically completely given up their resistance. Anyone knows that before this financial storm has passed, staying away from the stock market is the way to survive.

Of course, there are many people who cannot escape. Unlike previous stock market crashes, this time it is not just the leeks who died, but many local big dealers in Xiangjiang are also unable to escape.

"Wang Group lost at least $60 million in the third-level market due to the default of leases of multiple properties..."

In the tea room on the eighth floor of Hongji Building, two real estate economic workers hid beside the window in the corner. Although they were holding teacups that could burn people, they felt a suffocating chill from the bottom of their hearts.

"What's the solution?" Hearing the inside story of the other party, he sighed and said, "It's good to have an office operating rate of 20 now. Various financial companies have gone bankrupt in large quantities, so where can they still have money to pay rent? Not to mention the rent of the property, many companies go bankrupt directly because the banks cannot afford to settle the money, which will lead to a financial crisis in the affiliated companies, which will lead to a significant depreciation of the mortgage. Therefore, the bad debt rate of the banks has reached a higher level, which is simply a vicious cycle!"

"But, this shouldn't be! Why did such a good market in the past few months suddenly...?"

"What's so strange?"

"If the Hong Kong government wants to clean up the semiconductor industry, the Hong Kong economy will inevitably become hollow. It is also a way out for finance, but local companies alone cannot support the scale of Hong Kong stocks, so it must attract mainland companies to issue stocks. But Xiangjiang Semiconductor is a white glove from the mainland. Do you still expect to slap someone in the face and give you another face with a smile on the other side?"

Otherwise, the eyes of the masses are sharp. After this cruel financial crisis, at least the people of Xiangjiang have clearly re-understood who they are and how the wealth of Xiangjiang is produced.

From the beginning, Xiangjiang was born as a white glove for the mainland. Can it be built on its own production capacity to create such a large economic scale and support the population of more than 6 million?

What can Hong Kong get if you want to surrender to the British? Britain itself is unable to protect itself, and it is even more apart from the ocean. It is good to support a few Justice of the Peace. Which of the GDP is supplied to Hong Kong by the British?

Besides being a white glove for the mainland, Xiangjiang has no other way out. Its prosperity and development is not the wealth accumulated by itself, but the illusion given to it by historical opportunities.

If Xiangjiang has left its white glove setting, then the mainland will not mind that it will return to its own historical track.

Just as the two of them were silent in the tea room, a figure suddenly flashed through the window beside them.

"Why?!"

“That’s it”

However, just in the trance of the two, a "bang" suddenly came from the street below, followed by a scream of a woman who was higher than a wave of people and a man who were panicking.

It was not until this time that the two realized what had just happened.

"That's He Junrao on the 18th floor, Mr. He?"

Listening to the sound, it seems that it is no different from falling onto the ground with a bag of noodles.

The Hong Kong stock market market soon began to pass on to the entire economic level. The plummeting stock market directly led to the bankruptcy and bankruptcy of a large number of companies, and then the bank's bad debt rate rose. The interest rate hike made corporate financing extremely difficult and costly. Once the market was depressed, industries that could have been isolated from the stock market would inevitably be impacted.

By this time, no one dared to support the market. Satellite TV Chinese Channel frequently made remarks, hoping that the Hong Kong government could take responsibility. Isn’t the foreign exchange reserves of the HKMA used at this time?

Some people even began to cite the pound and mark exchange rate crisis in 1991. If the Hong Kong and British governments do not have the best, then the British government is obviously capable of intervening in the foreign exchange market? Now that Hong Kong is maliciously targeted by the semiconductor alliance, why is the UK standing by?

e... Of course, in the context of the Xiangjiang stock market, Li Bancheng is said to have taken more than half of Star Media shares to a certain fund, and the price is quite favorable.

However, just after the Xiangjiang stock market entered a market that could not fall, the semiconductor alliance turned around and began to make real efforts in the foreign exchange market.

What is unexpected is that this long-short battle between the Hong Kong dollar and the US dollar was not the one that really formed a fatal blow.

From beginning to end, the main battlefield has never been in this small island city.

The British exchange rate crisis in 1991 was a major exercise conducted by the Russian North Sea Fleet at the gates of Germany, which ended with German investment in ordering the Ulyanovsk aircraft carrier in Ukraine.

The German Mark was forced to depreciate in 1991, and then in 1992, Europe reconstructed the entire Maastricht Treaty system. By 1993, similar to historically in 1992, the United Kingdom did not solve the problem of the overvalued pound exchange rate under the European Internet exchange rate system.

However, this time Germany's economy is a little weaker than in history.

The European currency crisis has not ended, it was just covered up by the huge nuclear explosion in 1992.

But now, someone has decided to finish the second half of the mid-jack! .
Chapter completed!