Chapter 1397 Continue to see
At this time, the financial industry and related people around the world were all looking at XG. The reason was very simple. They were very curious. How long can XG last this time?
Yes, they were curious about how long Hong Kong could last, not whether Soros would fail!
Soros failed?
This is absolutely impossible. Starting from January 1997, over a whole year, Soros swept across Southeast Asia, invincible, Thailand, Indonesia, South Korea, Laos, etc., and all the economies were defeated by Soros. Soros is said to have made 10 billion US dollars in a year, scaring everyone in the world, and even all countries except the United States.
How could Soros lose to a small XG?
This is absolutely impossible!
In fact, if it weren't for the parents behind the scenes, this XG would probably have been dead.
What all spectators are most concerned about is 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 cannot find evidence from XG's parents, they only know that this fund was transferred from domestic banks, but that is enough.
Who else can the funds transferred from China to China besides the funds from parents?
Although parents have never admitted it, it is understandable. After all, parents are now determined to join the WTO organization, so it is not convenient to do such behavior that directly interfere with the market. They will not admit it even if they beat them to death. The money was paid by themselves.
To go further, in order to disguise the origin of this fund, parents may transfer the fund to the account of a large enterprise or financial institution, and then say that it is the market operation of this enterprise or financial institution. These are normal operations and nothing is strange.
So all the spectators believed that their parents took action behind them, and XG and Soros also thought that their parents took action. The only people in the world who know the truth are probably Boss Jia, the traders in Boss Jia's villa, and some senior executives of GS Bank.
Boss Jia is actually very happy to be hidden. Some credits can be taken, but some credits must not be taken. The credits of parents are their parents. He is just a trader, and he just makes some money by the way!
Boss Jia has a clear position on himself.
Under the attention of all international financial personnel, XG stock market finally reopened on January 30, 1998, and then it fell directly to 6686 points. But soon, this point was lifted back and when it closed at noon, it re-established the position of 6800 points.
Continued in the afternoon, the stock market continued to file and approached the 6666 points position again, but was finally carried back and finally closed at 6821 points.
That night, someone counted relevant data and found that the transaction volume of the entire G-share stock was approaching US$6 billion, of which the funds used to protect the market were as high as 2.9 billion yuan.
In other words, in a day, my parents spent $2.9 billion to keep the point 6666.
Although this number is a little less than the last time, it still makes everyone sweat.
This is US$2.9 billion, which is equivalent to the GDP of many countries in a year, and it evaporated directly in just one day.
But this is just the beginning. Opening on January 31, the stock index continued to fall, but was stretched again, then fell and stretched again. In a day, it approached 6666 points four times, and then pulled back more than 6800 points four times. All G-share investors were stunned. They have never seen such a powerful curve in their lifetime!
This tug-of-war lasted until February 5th. According to statistics, during these 6 days (there is a day off in the middle), the G-share index approached the 6666 points 18 times, but they were all pulled back. The strength of the plate protection is unparalleled, and it has always bite 6666 points and does not relax. If Soros releases it, it will not be fulfilled for the first time.
In these seven days, both sides consumed nearly US$40 billion in funds or stocks, of which the protector consumed a total of US$20 billion, and the party that smashed the market also took out stocks of equal value. Both sides were killed in blood. One quarter of the circulating stocks in XG stock market was turned over, and the whole situation was chaotic.
Many people who were originally determined to win Soros have also had some hesitation at this moment. Could it be that their parents really have to resist to the end?
Soros really has to face the first failure in his life?
What was Soros doing at this time?
On February 7, G-shares were closed for two days normally, and Soros was still staying in the hot spring hotel in Fuso, but there was no Yamato Satsuko around him, but a few Soros' assistants gathered around Soros, constantly helping Soros collect various intelligence and information and perform calculations at the same time.
This shows that Soros really wants to start taking this enemy seriously.
"BOSS, the international hot money has been recurring. They have been complaining about why they took the lead but we didn't take action!" an assistant said with his head down.
That's right, although it was a big deal a week ago, Soros's funds and stocks did not take action at all, and the international hot money fighting against Boss Jia was all over the world.
These managers of international hot money are not as calm as Soros. They cannot accept the rising situation of G-shares, so they take the lead and want to suppress G-shares again and break through the bottom line of 6666 at least.
Soros was also happy that these guys took action. Anyway, as long as they didn't spend their own bullets, they could also help Soros test the other party's bottom line.
"We must figure out the bottom line of our opponents!" This is what Soros often says to his assistants, and it is one of the reasons why Soros can become an ever-winning general.
The most important reason why Soros can win is that Soros can often use intelligence to accurately calculate the opponent's bottom line. As long as he knows the opponent's bottom line and knows how much money they can use, he will naturally be invincible. After all, if the opponent's money is gone, and you still have it, you will definitely win.
Soros has been sitting firmly on Diaoyutai for the past week. The main reason is that he is investigating his opponent's bottom line. If he doesn't understand this, he is still worried.
However, this time the opponent's bottom line is more difficult than before, because the opponent, financial system and national units are all loopholes. Soros only needs to spend a small amount of money to know how many bullets there are in the other party's vault.
But this time, XG's parents were different. Their economic system was almost closed and their management was very strict. Soros couldn't even get a half-accurate number in a week.
I don’t know how many foreign exchange reserves my parents have, so Soros is still worried.
Although the total amount of foreign exchange reserves announced by the parents was US$24.8 billion, this figure is obviously wrong. The other party has now spent nearly US$28 billion in funds. How could it be that only US$24.8 billion in foreign exchange reserves!
"There is news, there is news!!!" At this moment, an assistant answered the phone and shouted excitedly.
"What news?" Soros couldn't help but feel a little excited when he saw his assistant's expression.
Chapter completed!