Reborn in 1991, helping dad become the richest man

Chapter 332: Did we win? Sigh!

"It's really crazy. The exchange rate hasn't moved much, but they have raised the lending rate. But for them, this interest rate increase is not worth mentioning.

If they could really capture Hong Kong, they could at least take away 10 to 20 billion US dollars.

In the face of such huge benefits, this small interest rate increase is not worth mentioning! "

"Yes!" Tang Xionghua also nodded.

Then he spoke again: "Today, the Hong Kong authorities have raised the interest rate of Hong Kong currency by issuing a large amount of government bonds, and the exchange rate between Hong Kong currency and rice gold has risen.

Moreover, people from the relevant departments contacted me today and told me clearly that the Hong Kong Monetary Authority will significantly increase short-term interest rates tomorrow.

At that time, overnight lending rates between banks will skyrocket.”

"Very good, as long as there is a solution!

"Tang Yichen didn't say too much, because there was too much and he didn't really understand it.

Now that they are in the situation, as long as the general trend remains unchanged, the Tang family can just follow and reap the benefits.

Of course, the Tang family eats meat, which is a win-win situation for them and Hong Kong.

Historically, Hong Kong's money market was stabilized this time, but the stock market suffered heavy losses.

Now, because Tang Xionghua brought in funds, he mobilized private funds and stabilized the market.

Even if Tang Xionghua made some profit, it would be a good thing for Hong Kong.

.........

Number twenty-two.

As soon as the market opened, the currency market started fighting again.

Although Solos's attack on Hong Kong this time was just a tentative one.

But for him and the group they are leading now, even if it is just a test, the impact on a region will be extremely huge.

However, their attack was fierce, and the Hong Kong authorities, who had used their foreign exchange reserves, also defended themselves very firmly. At the end of the day, the exchange rate was not lowered.

Even if it is hit occasionally, it will be raised immediately.

At the same time, Tang Xionghua invested another 1 billion yuan in the stock market and futures market today. Today he added triple leverage, which is equivalent to investing 3 billion yuan.

As for the stock market, the Hang Seng Index only rose 500 points that day.

But this also allowed the Hang Seng Index to recover to more than 11,000 points.

The situation in Hong Kong looks very good.

In fact it is.

By the 23rd, there were almost no attacks.

It was obvious that Solos had stopped for the time being.

After fighting for so many days, it’s just a waste of time.

Of course, is it really lonely?

Definitely not, they still have a large number of futures contracts in the Hong Kong financial market.

It’s just that for now, they haven’t made any profit in Hong Kong, and they have also invested a lot of money.

If they continue in their current form until their contracts expire, they will suffer heavy losses.

But it's obvious that they won't give up like that.

Just stop attacking for the time being.

"Soros retreats, we win!"

"Long live Hong Kong, long live the richest man Tang, we won!"

"Our money has been saved, and the evil capital plunderers have been repelled!"

Starting from the afternoon of the 23rd, both the news and newspapers were reporting this good news.

Many people in the streets cheered.

Some people even set off fireworks.

This is undoubtedly a great victory.

Of course, behind the carnival, many people are actually heartbroken.

Because many people were frightened by the panic in the stock and futures markets before and sold their stocks at a loss.

Now that the financial market is fine, they can’t get back the money they lost when they cut their losses.

Of course, happiness requires comparison.

If this wasn't due to a financial crisis, but people had lost so much money for no apparent reason, people would have been able to hang banners on the streets.

But knowing the situation, and comparing it with the people of Country T and even other countries, everyone can only feel fortunate.

Because compared to the personal loss of this little flesh, if Hong Kong's exchange rate is really breached, their money may depreciate to one tenth in an instant.

This is undoubtedly much less than the loss caused by cutting losses in the stock market.

Therefore, it is because of this comparison that many people who have clearly suffered heavy losses can still cheer now.

Tang Yichen saw the cheers outside.

Because today I am sending my grandparents away from Hong Kong.

On the way there and back, Tang Yichen, who was sitting in the car, saw the people celebrating wildly.

Regarding this, Tang Yichen secretly shook his head.

Ordinary people actually have no idea that this is just the first exploratory attack by Solos and his men.

You can say they have stopped temporarily, but it is too early to say they have retreated.

They haven't lost money yet.

The money is in Hong Kong, but that is a contract and you won’t lose it before it expires.

It's a little too early to be happy.

At the same time, these people have no idea what will happen after this financial crisis.

From Tang Yichen's perspective, he knew.

Indeed, this financial crisis did not cause any impact on Hong Kong. In fact, the Hong Kong authorities in history even made at least more than 10 billion US dollars from this financial crisis.

This is the reward for the final victory over Solos.

However, for the people of Hong Kong, this kind of gain has little to do with them.

Yes, as long as the exchange rate does not jump, their assets will not shrink.

However, this financial crisis will trigger another crisis, and Hong Kong's real estate bubble will be punctured.

In fact, it has already begun.

The price of Hong Kong's property market has risen sharply in the six years from 1991 to now, about four times, with an annual price increase of 25%.

Especially after 1995, as the return to China was approaching, a large number of people in Hong Kong sold off their Hong Kong assets.

Hong Kong people believe that after the return, more mainlanders will definitely come to take over Hong Kong's real estate.

So this time, not only were all the assets accepted, but they were also acquired at a crazy high price.

Up to now, the housing price in Hong Kong has reached 100,000 yuan per square meter.

What a horrible price.

Hong Kong has indeed developed very well, and people now have a monthly salary of over ten thousand yuan, which is nothing special.

Compared with mainland China, the monthly salary is still around 600 to 700 yuan.

In this situation, do they think mainlanders will take over?

Tang Yichen didn't know what they were thinking.

Yes, there are also many wealthy people in mainland China because of its large population base.

But how many wealthy people would be willing to spend hundreds of millions of cash to buy a house in Hong Kong?

What's more, Zhengce will not allow it.

So, with this hope dashed.

The financial crisis also led to a reduction in people's wealth.

For example, those who cut their losses and left the market this time.

Their wealth decreases.

This will have an impact on their loan repayments.

You know, the mortgage burden of Hong Kong residents is actually already very high.

In 1995, the buying rate reached 90%.

In other words, 90% of your salary income has to be used to pay off your mortgage.

And now, it has reached a terrifying 110%.

This means that 10% of your monthly salary will be used to repay the loan.

This is a serious collapse rhythm.

In addition, there was no one to take over and the financial crisis.

Tang Yichen looked at the tall buildings on both sides and sighed inwardly.

I don’t know how many people will not be able to bear it and stand on the rooftops of these prosperous high-rise buildings.