At this time, the financial circles and relevant people all over the world focus on XG. The reason is very simple. They are very curious. How long can XG carry this time?
Yes, they are curious about how long Hong Kong can carry, not whether Soros will fail!
Soros failed?
This is absolutely impossible. In the whole year since January 1997, Soros has swept across the whole Southeast Asia, invincible. Thailand, Indonesia, South Korea, Laos and so on. Together, the economies of more than a dozen countries have been defeated by Soros. Soros is said to have made an amazing profit of more than 10 billion dollars in one year, All people in the world, even all countries except the United States, were trembling with fear.
How could such Soros be defeated by a small XG?
This is absolutely impossible!
In fact, the XG would have died if it hadn't been for the parents behind it.
All the spectators are most concerned about not whether Soros will win, but how much he will win, and how miserable his parents will be tossed in the end.
Although almost everyone can't find evidence that the source of funds is XG's parents, they only know that the funds are remitted from domestic banks, but this is enough.
Who else can the funds remitted from China, in addition to the funds of parents?
Although my parents have always refused to admit it, it is understandable. After all, my parents are bent on entering the WTO, so it is inconvenient to do this kind of direct intervention in the market. They will not admit that they paid the money themselves.
Furthermore, in order to disguise the origin of the fund, parents may transfer the fund to the account of a large enterprise or financial institution, and then say that it is the market behavior of the enterprise or financial institution. These are normal operations. It's nothing strange.
Therefore, all the spectators believed that it was their parents who made the move, and XG and Soros also thought it was their parents. I'm afraid the only person in the world who knew the truth was boss Jia, the trader in boss Jia's villa and some senior executives of GS bank.
In fact, boss Jia is very happy to be hidden. Some credit can be robbed, but some credit can never be robbed. The credit of his parents is that of his parents. He is just a trader and makes some money by the way!
Boss Jia has a clear positioning for himself.
Under the attention of all international financiers, XG stock market finally reopened on January 30, 1998, and then directly fell to 6686 points at the opening, but soon, this point was carried back, and stood at 6800 points again at the noon closing.
In the afternoon, the stock market continued to file down and re approached the position of 6666 points, but it was finally carried back and finally closed at 6821 points.
That night, someone counted the relevant data and found that the daily trading volume of G shares was close to US $6 billion, of which the fund used to protect the market was as high as 2.9 billion yuan.
In other words, in one day, parents spent $2.9 billion to keep 6666 points.
Although this number is less than the last time, it still makes everyone sweat.
This is $2.9 billion, which is equivalent to the annual GDP of many countries. It evaporates directly in one day.
But this is just the beginning. At the opening of trading on January 31, the stock index continued to fall, but it was stretched, then fell, and stretched. Within a day, it approached 6666 points four times, and then pulled back more than 6800 points four times. All g-share investors were silly. They had never seen such an ox fork curve in their life!
Such a tug of war lasted until February 5. According to statistics, in these six days (one rest day in the middle), the g-share index approached 6666 points 18 times, but they were all pulled back. The strength and toughness of the disk guard were unparalleled. It always bit 6666 points and didn't relax. If Soros released it, it didn't come true for the first time.
In these seven days, the two sides consumed nearly $40 billion in funds or stocks, of which the party protecting the market consumed a total of $20 billion, and the party smashing the market also took out equivalent stocks. The two sides killed a bloody storm. 14 circulating shares in XG stock market were turned around, and the whole situation was a mess.
Many people who were sure of Soros's victory also hesitated. Do parents really want to fight to the end?
Soros is really going to face his first failure in life?
What is Soros doing at this time?
On February 7, G shares were normally closed for two days, while Soros still stayed in the hot spring hotel in Fusang, but there was no big and Fuzi around him, but several Soros' assistants gathered around Soros, constantly helping Soros collect all kinds of intelligence and information, and calculate at the same time.
This shows that Soros really wants to start taking this enemy seriously.
"Boss, the international hot money side has been a little repeated. They have been complaining about why they took the lead, but we didn't do it!" an assistant lowered his head and said.
Yes, although it was dark a week ago, Soros didn't sell his funds and stocks at all. It was all international hot money who fought with boss Jia.
These international hot money managers are not as calm as Soros. They can't accept the rising situation of G shares, so they want to take the first step to suppress g shares again and break through the bottom line of 6666 at least.
Soros is also happy to let these guys do it. Anyway, as long as they don't spend their own bullets, they can also help Soros try to find out the other party's bottom line.
"We must find out the opponent's bottom line!" this is what Soros often says to his aides, and it is also one of the reasons why Soros can become a winning general.
The most important reason Soros can win is that Soros can often use intelligence to accurately calculate the opponent's bottom line. As long as you know the opponent's bottom line and how much money they can spend, you can naturally be invincible. After all, the opponent's money is gone. If you still have it, you are sure to win.
Soros has been sitting on the Diaoyutai for a week. The main reason is that he is investigating his opponent's bottom line. He is not sure about this.
But this time, the opponent's bottom line is more difficult than ever, because his opponent, the financial system and national units are all loopholes. Soros only needs to spend a small sum of money to know how many bullets there are in each other's vault.
But this time XG's parents are different. Their economic system is almost closed and their management is very strict. Soros can't even get a half accurate number in a week.
I don't know how much foreign exchange reserves my parents have, Soros is still worried.
Although the total amount of foreign exchange reserves announced by my parents is US $24.8 billion, this figure is obviously wrong. The other party has spent nearly US $28 billion now. How can it have only US $24.8 billion of foreign exchange reserves!
"There's news, there's news!!!" at this time, an assistant answered the phone and shouted excitedly.
"What news?" Soros was excited when he saw the expression of his assistant.
"Information about the opponent's cards!" the assistant swallowed his mouth and said, "the total amount of dollars in their vault is about 56 billion dollars, and the difference will not exceed 1 billion dollars!"