Chapter 695： [Financial Defense War! 】

Chapter 695 [Financial Defense War! 】

January 26, 1990, New Year’s Eve.

After   Deep Water Bay No.79 villa was renovated, Wu Guangyao's family moved in again;

For Wu Guangyao, this is his own feng shui treasure and the ancestral home of the family he created.

New Year’s Eve dinner, a family of more than 20 people gathered around a large customized table, it was so lively;

Wu Guangyao’s mother Zhou Xuefen, Wu Guangyao, Lin Yueru, Li Cui, Wu Xianshuo, Wu Xianyi, Wu Xiancheng, Wu Xianpeng, ten grandchildren, three granddaughters, 25 people ate the New Year’s Eve together.

Wu Guangyao stood up, raised the wine glass happily, and said to all his children and grandchildren: "Come on, everyone raise the wine glass and wish our Ms. Zhou Xuefen good health and good luck in the East China Sea!"

Everyone got up and toasted Zhou Xuefen, with respect and love on their faces.

Wu Guangyao’s mother is 78 years old this year. Since she came to Hong Kong Island, Wu Guangyao has increasingly regarded her as the person she respects most;

The relationship between mother and child has always been very good. Living together is Wu Guangyao respecting Zhou Xuefen. Zhou Xuefen always thinks about Wu Guangyao and rarely quarrels.

At Wu Guangyao's age, the more I feel the need for such an old mother, so Wu Guangyao will always accompany Zhou Xuefen to go shopping and chat at home. At this time, my heart is the most peaceful.

Zhou Xuefen got up happily and raised the cup. Wu Guangyao raised the cup with his right hand and gently hugged the old mother with his left hand. The mother-child relationship was very harmonious.

An old house where a treasure!

"Good! Shine your children and grandchildren, grandchildren are successful in their careers, great-grandchildren are smart, and the family is very good!"

"If you are in good health, we will all be well!"

The family is happy and happy, and it is prosperous and prosperous!

After a meal, after chatting with his family for a while, Wu Guangyao brought his four sons to the study;

At present, Wu Guangyao is almost in a semi-retired state. He only serves as the chairman of the board of directors of various group companies. The specific affairs are handled by his four sons. This is a common practice of Hong Kong rich. Lee Shau Kee and Cheng Yutong both handed over their careers last year My son.

Of course, everyone is not quitting. Once the company has any major changes, everyone will appear in the company again.

Wu Xianshuo took the initiative to say: “Father, the UK’s largest container terminal Philip Dusport has already been negotiated, and I will sign the contract in the next year. By then, the number of ports for global shipping will reach 56.”

Wu Guangyao nodded and said, "Yes! You can talk about Panama Port for your next goal!"

Wu Xianshuo thought for a while, and said: “Panama Port is located in the American Fortress, will it attract the attention of the U.S. government?”

Wu Guangyao said with a smile: "That's natural, so you need to find allies! And the key point is the Panamanian government, they definitely want to make money; as for the US government, after you have negotiated, you just need to talk about it in the media and express yourself. Just a businessman will not compete for control of Panama. In short, there must be difficulties. It depends on how you respond!"

Wu Xianshuo sternly said: "I see!"

Overseas port affairs, Wu Guangyao has completely handed over to Wu Xianshuo to discuss;

However, for future inland ports, Wu Guangyao will have to negotiate in person, especially Shanghai Port and Yantian Port, these two ports should not be missed;

Speaking of it, Wu Guangyao helped the mainland take down Container Terminal 8 in Kwai Chung on Hong Kong Island. I believe the mainland will give it back.

Wu Xianshuo said again: "Gateway Tower Phase Three, Four and Five, I also plan to start this year!"

There are five buildings in the Gateway Building, two of which have been built so far, bringing the entire Wharf’s commercial area to 7.3 million square feet;

If the remaining three buildings are completed, it will be the final form of Wharf: Five buildings of Harbour City + Ocean Terminal + Gateway Building.

Wu Guangyao said: “Let’s build it! There are also the old site of the Cha Kwo Ling Oil Depot and the old site of the Ap Lei Chau Power Plant. It is time to launch two large housing estates!”

The two pieces of land have been covered for a long time, it is time to take them out!

However, it was not that Wu Guangyao deliberately wanted to cover it up. In the past few years, the real estate companies under his company have mainly developed Tianshuiwei, so these two large-scale housing estate plans have been retained.

Wu Xianshuo said: "Well, I will arrange it right away! Father, these two large housing estates, I plan to let Lao Fengxiang Jewelry participate!"

Wu Guangyao smiled and said, "You brothers just talk about it!"

Although the four brothers were not born of the same mother, they lived together since they were young, and there is no problem in their relationship;

Because Wu Xianpeng was born by Li Cui, his assets are relatively small, but in recent years he has participated in more investment projects and has begun to grow. If the mainland gold jewelry market develops in the future, Lao Fengxiang still has a wave of opportunities for development.

Next, several sons reported on some work matters one by one, and Wu Guangyao gave some opinions;

Because Wu Guangyao rarely goes to the company recently, he sometimes talks about work at home.

In August 1998, Hong Kong's financial crisis broke out completely.

Before this, international speculators have searched Southeast Asia, Japan, South Korea and other places, leaving a mess.

At the beginning of August, market rumors were flying everywhere. Speculators declared that RMB would depreciate, shaking confidence in the Hong Kong dollar. In addition, speculators also spread rumors about the instability of mainland banks. Their purpose was still to create psychological conditions for them to attack the Hong Kong dollar. It's really nothing.

The operating methods of these speculators are very simple: they use financial futures to buy Hong Kong dollars with 3-month or 6-month Hong Kong dollar futures contracts, and then quickly sell them short, causing the Hong Kong dollar interest rate to rise sharply, the Hang Seng Index plummeting, and profiting from it.

The one- to two-year Hong Kong dollar bonds issued in Hong Kong in the first half of the year have a total amount of approximately US$30 billion and an annual interest rate of 11%. These international financial institutions swap these Hong Kong dollars into U.S. dollars, and the main borrowers of Hong Kong dollars are hedge funds. These Hong Kong dollars have become a low-cost bargaining chip for hedge funds to attack Hong Kong's financial market, giving speculators favorable conditions for arbitrage in the foreign exchange market. And hedge funds buy a large amount of forward dollars in the foreign exchange market to balance risks.

Banks under the Wu family were already in the process of deploying a large amount of Hong Kong dollar debts issued by the Hong Kong government into their own hands; this situation will lead to-international speculators will have ammunition in this attack on Hong Kong's finances. insufficient.

On August 5th, international speculators officially showed their fangs and sold about 18 billion Hong Kong dollars; the Hong Kong Monetary Authority changed its passive practice in the past and used Hong Kong’s fiscal reserves to absorb all the money, stabilizing the foreign exchange market at 1 U.S. dollar to 7.6 Hong Kong dollars. At the same level, the inter-bank market interest rate will not rise or fall.

In the trading room of Everbright Securities, a group of people are staring at the LCD monitor intently; at this time, securities trading is completely computerized.

Wu Guangyao, Wu Xianyi and his son also supervised the battle in the trading room, with the purpose of boosting the Hong Kong stock market.

In this battle, the Wu family has reached an agreement with the Hong Kong government and the mainland. The Hong Kong government is responsible for foreign exchange and stock indexes, and the Wu family is responsible for raising the Hang Seng Index.

Because August 28 is the settlement day for Hong Kong’s Hang Seng Index futures. As long as Hong Kong’s foreign exchange and stock markets rise in August, the stock index futures of overseas speculators will inevitably lose money. Futures are short positions. As a result, even if they roll over their positions, the cost is very high (turn to September), and once the positions are normally closed, huge losses are inevitable.

On August 5, the stock market opened in the morning.

Wu Guangyao gave an order: "Place an order!"

Traders are busy one after another, looking excited!

There is no way, the one behind is a great god, who seems to have retired these years, this time it shocked him unexpectedly;

Everyone is very confident that those foreign speculators will return home this time.

Wu Guangyao and his son also have smiles on their faces. The overseas speculators have not investigated the strength of the Wu family this time. They are too careless!

The cash flow of the Wu family is about the same as the foreign exchange reserves of the Hong Kong government (100 billion US dollars);

Of course, only one-third of this money stays in Hong Kong, but this money is more convenient than the Hong Kong government’s foreign exchange reserves!

In the past life, the Hong Kong government won this financial defense war and spent less than US$15 billion!

At this time, the Hang Seng Index was around 10,000 points, down 2,000 points from its peak in 1997;

Because the front is not a decisive battle, and the Hong Kong government has not joined in, Wu Guangyao will naturally not excessively participate in the previous activities of overseas speculators suppressing the Hang Seng Index;

But some rescue measures have been taken, otherwise the Hang Seng Index will definitely not have 10,000 points;

In the previous life, Hong Kong’s Hang Seng Index was more than 6,000 points in early August, and 10,000 points in 1997. It dropped by more than 3,000 points before the decisive battle.

Because of Wu Guangyao's appearance in this life, Hong Kong's economic structure and size have changed, so there has been a 20% increase.

This behavior of the Wu family also made overseas speculators feel that the financial strength of the Wu family is not that strong, so this time it is full of confidence.

As the buying orders of Everbright Securities dropped one by one, the Hang Seng Index unexpectedly began to rise sharply-10050 points.10100 points.10180 points.10230 points.

At the end of the afternoon, the Hang Seng Index was pushed up by 10,300 points. It did not fall but rose instead, which surprised all financial professionals.

"Xiete, that shot!" Soros had a dignified look on his face. People in the financial circle, who didn't know how powerful the Guangyao family office was, and who did not eat in this family office? A loss.

"Then what should we do?" A subordinate said in a panic as if meeting the future.

"What else can I do? I can only continue to sell Hong Kong dollars and suppress Hong Kong's financial market! You go to a few media outlets to spread some unfavorable news, and I will contact other speculators. Rout, otherwise we will incur a lot of losses." Soros looked steady, then said.

This time, international speculators are careless!

Everyone was invincible in Southeast Asia and Japan, and immediately despised Hong Kong, and then came to Hong Kong with a great victory;

In addition, everyone has achieved some small results in the first half of the year, so I am a little overwhelmed!

Now that the experts have taken action, these speculators suddenly panicked.

The Wu family did much more than that. On the wireless news station that evening, various experts in Hong Kong took turns to sing about Hong Kong’s economy;

"Those international speculators are completely looking for the wrong place this time. Hong Kong is not another country or region. Hong Kong's economic and industrial structure is very complete. Especially in the field of science and technology, the electronics industry, the field of automation machinery, and the field of biology are among the world's advanced levels. ; The real economy and finance have jointly formed a powerful Hong Kong, so this time international speculators are doomed to fail!" An expert said confidently.

"The mainland has already expressed its full support for Hong Kong. The mainland's foreign exchange is 130 billion U.S. dollars and Hong Kong's foreign exchange is 100 billion U.S. dollars. The combined capital has exceeded Japan's total foreign exchange of 205 billion U.S. dollars, ranking first in the world." An expert analyzed the strength comparison.

"Some blue-chip listed companies in Hong Kong have announced to increase their holdings of company shares and decided to take half-year dividends. This is the reason why the Hang Seng Index has risen today."

"Dear investors, don’t throw away the chips in your hands, because then you will lose a lot of profits!"

At that night, the public opinion in Hong Kong seemed to have a unified calibre, and that was to sing the battle for Hong Kong’s financial defense.

More mysterious people have reported that the Wu family has begun to enter the market, and the scale of funds far exceeds the sum of the national speculators.

For a time, the superiority of Hong Kong people came out!

At this time, Hong Kong's GDP per capita ranks first in the world, and technology and finance are equally developed. Backed by a market of hundreds of millions of people in the motherland, there has long been a strong sense of self-confidence.

Some time ago, the reason why the Hong Kong stock market fell was mainly due to the impact of the Southeast Asian financial crisis and the suppression of international speculators;

Now someone has stepped forward, and everyone immediately began to burst into confidence.

On August 6, international speculators once again sold 20 billion Hong Kong dollars, and the Hong Kong Monetary Authority made a new move-not only to collect all the orders, but also to deposit the absorbed Hong Kong dollars into the Hong Kong banking system-thus stabilizing interbank lending interest. This prevents the stock market from falling once the interest rate is raised.

Because of the good news released by the Wu family companies that day—increased holdings and dividends, the citizens finally knew who had acted, and confidence immediately burst.

The Wu family is the Optimus Prime of Hong Kong’s economy. It is far from comparable to other families. This family created Hong Kong’s technology industry and brought this industry to a world-class level; this family’s business all has a large amount of business abroad. Brought a lot of foreign exchange to Hong Kong.

Hong Kong has a total of only more than 6 million people, but it has large companies that are the envy of countries with a population of hundreds of millions:

Xiaomi Electronics, Yaoshi Industrial, Global Group, Baiyou Group, Cheung Kong Holdings (large overseas investment), Hutchison Whampoa.

On this day, the Hang Seng Index rose again and closed at 10,500 points.

While international speculators opened positions at 10,000 points, because they are short-selling, and they are still short-selling with leverage, they have already lost a lot of money on the books;

Of course, the delivery date has not yet expired, and it cannot be regarded as a loss.

On August 7, several blue chip companies announced their interim results, but it was some negative news. The Hang Seng Index fell into a long-short battle. Fortunately, the Hang Seng Index finally stabilized and rose by 30 points.

From August 7th to August 13th, the Hang Seng Index was staged a long-short battle, but the result was disappointing to international speculators, because it actually rose by more than 100 points, and the Hang Seng Index has reached 10,700 points.

On August 14, the decisive battle officially began. The Hong Kong government officially participated in the stock market and futures trading. The Wu family cooperated. The two parties first absorbed Hong Kong's blue chip stocks at any cost, and then a mysterious force spurred Hong Kong's small and medium stocks.

As for the delivery date on August 28, the Hang Seng Index reached 11,200 points.

While international speculators have lost more than one billion U.S. dollars, they will either transfer their positions to September or deliver them immediately.

But they are scared, and they have no intention of fighting in September again, because the Wu family has taken action, and the force is more ruthless than the Hong Kong government;

The Hong Kong government uses foreign exchange and needs to consider the issue of foreign exchange balance;

While the Wu family has no worries at all, tens of billions of dollars can easily be taken out. This time the absorbing of Hong Kong company shares, the capital used is not even 10 billion US dollars, and those international speculators are scared!

Hong Kong Monetary Authority

"Mr. Wu, thank you for your contribution this time, otherwise even if we defend the Hong Kong dollar, the international speculators will have a small profit; the important thing is that with your help this time, the international speculators will not dare to fight again!" Any trick said.

When hedge funds impact Hong Kong’s financial market, they are often subject to the traditional practices of Hong Kong’s financial regulatory authorities—increasing short-term loan interest rates.

The facts have proved that in the first three shocks (October 1997, January 1998, June 1998), the Hong Kong Monetary Authority’s measure was to increase short-term loan interest rates, and the chairman of the Monetary Authority Ren Zhigang was also joked for this. As "any move".

Wu Guangyao said with a smile: "Hong Kong is the foundation of my family business. I want him to develop more healthily than you officials!"

Either Zhao quickly said: "Mr. Wu is joking, how dare I call you ‘Master of the Official’ in front of you, I am just a civil servant serving Hong Kong’s financial services!"

Seeing any tricks that don’t know how to joke, Wu Guangyao did not continue to joke!

In September, the Hong Kong defense war was completely over. Soros failed and returned. It is said that his Quantum Fund lost a full US$500 million in this financial war, spitting out the profits of Southeast Asia.

The British suddenly became sour. When international speculators attacked the pound, the British government spent US$7.7 billion against international speculators. As a result, international speculators made a lot of pounds;

Now international speculators came to Hong Kong with the victory of Southeast Asia, but they were beaten and fled;

This makes the British self-esteem a big blow!

End of the book!

Because the protagonist’s funds are getting bigger and bigger and his career is getting more and more complete, the author feels that he can’t write anything, so he ended it!

There are many old readers who have asked me to end more than once, I struggled for a while and made an extra month;

But now, I know that I have to face this reality, because I can’t write something exciting!

If the reader requests to write extra, I will write some assets, family conditions

Recently I am preparing a new book, a very interesting new book;

So my reader fathers, pay attention to my book, don’t uncollect it;

In December, I will advertise in this book.

The book will also end when the new book is released, so that investors will not lose money.

(End of this chapter)