In Victoria Harbour, Hong Kong, a white yacht with a length of more than 30 meters gallops across the sea, cutting out a long white wave. This is a yacht produced by the British "sky travel" company. It has a strong classical noble flavor in both style and installation.
On this yacht, there are some of the world's top financial experts, who are the main attackers of the financial war in Hong Kong, including George Soros of quantum fund, Christopher Akins of his deputy, Julian Robertson of Tiger Fund, and Robert setron, director of emerging markets of Tiger Fund. There are several other well-dressed middle-aged men who are managers or divisional presidents of some of the world's most famous investment banks.
This is a small party arranged on the yacht. All the big crocodiles did not bring beautiful women to attend the party as before, let alone invite popular female stars to come for company, because what they are talking about is the absolute secret of the financial market. Any word spread out will cause a great disturbance in the financial market.
"Setron, your yacht is very good. Ha ha, the products of Tianlv can always be trusted." A middle-aged man with a cigar shook his mellow wine and said with a smile.
The man sitting next to Julian also laughed: "Cowell, you mean to ridicule me. Who knows that your princess Alexander is the most expensive ship in the British Yacht Club, and it took more than three years for the princess company to deliver it to you, so as not to offend the God who seized their lifeblood. ”After hearing setron's words, the man named Cornwall shook his head in a hurry: "don't make me wrong. It's not me who controls the life of their princess. It's just our bank. I'm just a chore."
In addition, the man with golden glasses and meticulously combed hair said with a smile: "I said Cowell, don't be modest. Who knows you are the future helmsman of JPMorgan. Hey, that's nearly a trillion assets. It's exciting to think about it."
"All right, fox, the First Boston Bank is not a gas-efficient light. Let's not talk about anyone." Cowell laughed and scolded.
Despite the bickering among those who will dominate the financial markets of the future, Soros and Julian, the heaviest members of the party, said nothing and enjoyed themselves.
After boasting about each other, people also know that they have to get to the point. After all, in this field of their world, partners, friends and even family members are just a kind of relationship of interests, and there is no real friendship. "Business is business" is the most respected principle of these people.
"Mr. George, these days, the Hong Kong dollar that we have released is nearly 100 billion yuan, but the Hong Kong government immediately eats it in. If it goes on like this, we can't shake their currency exchange rate." This is the investment manager of Merrill Lynch, a Japanese man named Abe Yuda.
It was Julian, not Soros, who responded to Abe. He took a sip of the wine and said with a cold smile, "just a few days, you can't stand it? Or do you want to quit
"Since the knife has been drawn, of course, there is no possibility of retreat." "What our bank is most concerned about now is whether you can break the defense line of Hong Kong. After all, no one wants to do loss making business, isn't it?"
People from other banks also nodded, but they were in a hurry. Otherwise, Robert setron would not rush to the invitation.
Cowell of JPMorgan bank took down his cigar and said, "I care more about whether China's currency will depreciate. At the beginning, you promised that China's currency would devalue to cope with the financial crisis. But now, there is no movement in China. Their central bank has issued statements repeatedly that the currency will not depreciate. What's more, I saw the news before. China sent two vice presidents of the central bank to Hong Kong, which simply showed that they would support Hong Kong to the end.
Mr. Julian, China's foreign exchange reserves are the third in the world after Japan. If we add in Hong Kong's reserves, the country will be able to mobilize the largest US dollar reserves besides the United States. "
Julian glanced at Cowell: "you are right. But will China use all its foreign exchange reserves to deal with us? If that is the case, I will be the first to snipe down the RMB!"
After a pause, he continued: "whether the RMB will depreciate or not depends on the decision of the Chinese government. Up to now, they have not made any policy action on the RMB, which surprised me. However, this does not mean that we will be defeated in this battle.
I've been to Shanghai with setron a long time ago to observe China's economic situation At this point, he took a look at Robert setron.
Mr. Julian and Mr. Julian visited Shanghai Shipyard, an H-share company listed in Hong Kong. We also confirmed our previous analysis of red chip SOEs in New York, that is, many red chip SOEs are not as valuable as the share price they indicate.Take this Shanghai Shipyard as an example. Their boats are rusty and the workers are just chatting in the factory. Ladies and gentlemen, this is not just a company of state owned enterprises. Most of the red chip state-owned shares have great bubbles in their share prices. For example, "Shang Shi", "Everbright", "North control", "Tianjin development", "COSCO International" and so on, their share price has reflected the rapid growth that may be maintained through capital injection activities in the next few decades, but we all know that this is so big. Large scale capital injection is almost impossible. In addition, investors have high expectations for the management of red chip companies. Many red chip companies are group companies with diversified businesses. It is unrealistic to expect red chip "big class" to quickly create value for shareholders. "
, Fawkes of the First Boston Bank, said, "Seth long, as we all know, we gathered together to fight this battle because we saw business opportunities. The financial economy in Hongkong is full of the bursting bubble. We are all very clear about this situation.
But what we care about is not the cause, but the result, setron, we need to make money, do you understand? "
"Of course, we have done so much for profit." Said setron with a shrug.
Then George Soros finally said, "if one door doesn't open, try another."
Everyone's interest was immediately attracted by Soros's words. Abe Zuoli of Yuda said in a hurry: "Mr. George, do you have any good idea?"
After George Soros said a word, he stopped talking. He drank wine leisurely. His appearance of not being warm and not hot raised the other people's appetite. However, people knew his character well. The more he was asked, the less he said.
In the end, Christopher arkins opened his mouth and said, "gentlemen, Mr. George means that since the Hong Kong government is firmly guarding the Hong Kong dollar as a currency, we can go and attack other places. They can't wrap up the whole Hong Kong financial economy into copper and iron."
"Akins, you don't have to talk about it. Say it, tell it!" Cowell urged again and again.
"At the beginning, we sold Hong Kong dollars in large quantities. In addition to destroying the linked exchange rate of Hong Kong, we also wanted to knock down the stock market of Hong Kong, because we also bought a lot of short orders of Hong Kong stock."
He said: "originally, we intended to affect the stock market by attacking their linked exchange rate, so that the stock market will fall sharply. Now that we can't break through their currency door in a short time, we should simply attack their stock market, hold up the stock market and then fall down. Isn't it all our specialty? In particular, those state-owned shares of red chips, the bubble expansion so big, as long as a slight stamp on the explosion.
Yutian Abe Zuo wiped a handful of goatee on his chin and said, "this method is also feasible, but we can't scare the snake, so that people in Hong Kong can take precautions in advance. Well, the Hong Kong dollar side of the action has to continue, first paralyze them, then attack their stock market at one stroke, and use the stock market to hold down the Hong Kong dollar and its interest rate, so that our chances of success will be much greater. "
"Mr. Yutian is right." Aguins said with a smile.
"Who is the first one you want to deal with?" A voice suddenly sounded, attracting the eyes of the people in the past.
There was an old man sitting on the other side of the deck. There was no other bank or fund company beside him. He looked lonely. However, when people looked at him, he suddenly felt that his momentum was not to be underestimated. He was even more powerful than George Soros and Julian Robertson.
Seeing the old man open his mouth, Soros also changed his previous indifference and showed a warm smile: "Mr. He, what's your opinion in this respect?"
"I don't dare to be high minded. I just know a little bit more about the stocks in the Hong Kong stock market than you do. I just want to make some suggestions."
This old man is he Hongsen, who is known as "king of gamblers".
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