On the evening of September 7, 1998, ET, the Quantum Fund's headquarters is located in New York.

The big boss of Quantum Fund, George Soros, who is nicknamed "financial giant", said with a smile to another person sitting opposite him, who was about the same age as him: "Jim, thank you very much for your reminder. If it weren't for your reminder and persistence, I think I would have lost a lot in this action to block the Hong Kong dollar, and even lost the previous profit."

The man Soros called "Jim" shrugged slightly and said, "George, we are friends. Although we are not working together now, Quantum Fund was formed together by both of us. I can't bear to see Quantum Fund fail."

Compared to Soros's somewhat vicious face, this Jim seems very kind. This person is Jim Rogers, who founded the Quantum Fund with Soros, and he was also Soros' most trusted partner.

But as early as 1980, Jim Rogers left Quantum Fund and started his own business. Outsiders thought that he and Soros had broken up, but in fact, the relationship between the two was still very good.

In fact, since the two people can sit alone in an office and talk about things, it is enough to prove the relationship between them.

"No matter what, Jim, if it weren't for you, this action to block the Hong Kong dollar would definitely have caused me a huge loss, rather than just losing 800 million US dollars. Looking at the series of financial regulation measures issued by the Hong Kong Island government today, I feel very lucky. Jim, if it weren't for you, I would have lost at least 2 billion US dollars like Goldman Sachs, Morgan Stanley and others."

Jim Rogers waved his hand and said, "George, this is mainly because you have always maintained a clear mind. I know your personality. If you didn't maintain a clear mind ten days ago, I may not be able to persuade you. Fortunately, you listened to my advice and took the initiative to leave there. George, this is actually a victory for you. Although you lost 800 million US dollars, you have gained more experience through this matter, and this is a victory."

Soros nodded, then frowned and said, "Jim, you watched the whole blocking battle. You said, is the huge amount of money that entered the market at the last critical moment the funds that China took out? If it weren't for the emergence of that funds, the short power would have an absolute advantage, and the Hong Kong government would be unable to turn the tables."

"The time was too short, and the battle situation was too fierce at that time, I couldn't figure out where the long funds that entered the market came from at the critical moment." Jim Rogers shook his head, "But my feeling tells me that the funds should not be China's support funds! If I make a good judgment, there should be an insider in you."

Soros also nodded and said, "Actually, I have been thinking about this for the past few days. I have the same view as you. This should be done by the insider. But who is the insider?"

Rogers smiled and waved his hand, "George, I think you still don't understand. In fact, in that blocking battle, regardless of whether the funds finally entered the market, the final outcome was already destined from the beginning. The Prime Minister Zhu from the opposite government was a very strong figure. Since he openly said the words, "The Chinese government will maintain the prosperity of Hong Kong Island at all costs," he will definitely do it. He is a respectable wise man and a formidable strong man. I don't like you at all when you face that person, so I advise you not to participate in that final battle."

Soros nodded with a wry smile, "Yes, I miscalculated that person's determination. We are not wronged!"

"Okay, George, don't worry about this matter anymore. Although the lesson this time is very heavy, first of all, your losses are not very big. Secondly, through this matter, you can understand one thing, that is, don't go to war with the country opposite easily. Forty years ago, the federal army was defeated on the Korean Peninsula, which has proved the strength of that country. Now, you have lost to that country again in the financial market, so, in the future, you must not try to challenge that country, that country is not something you can challenge."

Soros smiled and said, "Through this decisive battle, of course I can see this clearly. I will not do stupid things again in the future. But I am very unwilling to give up. Where did the funds that entered the market at the last critical moment come from?"

"Morgan Stanley, Goldman Sachs, Lyon, Yifu, Solomon, Huijia, and Merrill Lynch all suffered heavy losses in the final battle that day, and they could not do such a thing; Julian's Tiger Fund is in the quagmire of the ruble, and he does not have such a huge amount of funds to start. But besides these people, who else can have the ability to take out such funds to enter the market and fight against us? That is a huge amount of funds of at least HK$60 billion! Even I can't get out so much funds!"

Rogers shook his head too, and it is undoubtedly true that he will pursue this matter again.

The names Soros mentioned earlier are all famous investment banks in the world today. These investment banks are doing serious business on the surface, but everyone knows that the dirtiest guys in the world are these investment banks.

Even Soros' Quantum Fund and Julian Robertson's Tiger Fund are pure in front of these investment banks like a thirteen or fourteen-year-old girl.

Although these investment banks look serious on the surface, they can only describe the dirty things they do secretly in four words - it is hard to write about!

If the bottom line of large hedge fund bosses like Soros and Robertson is at the gate of hell, then the bottom line of these investment banks is the highest, and the floor of the eighteen layers of hell can be touched. Many of them simply have no bottom line!

These large investment banks are the spokespersons of major consortiums. The wars that the United States has provoked around the world over the years are behind these investment banks. Even many major decisions made by the US government are also behind these investment banks.

It can be said that for the benefit of Hongguoguo, these large investment banks really have no bottom line. Saying that they sell their souls to Satan is to be proud of them, but Satan is their spokesperson!

In fact, half of the so-called international hot money comes from these investment banks, but outsiders can't grasp the evidence at all.

This Asian financial crisis that affected half of the earth was on the surface. On the surface, Soros's quantum fund led the way, but the real push behind it all comes from these large investment banks. Otherwise, you would think that he could do nothing just by relying on the 600 billion US dollars of capital of Quantum Fund.

As for the amount of funds in the quantum fund, he couldn't even deal with the Thai government!

The financial crisis that swept half of the earth, the amount of funds involved in transactions has long exceeded the trillion US dollars mark. Just the amount of funds in the quantum fund cannot even splash it.

Blocking the Hong Kong dollar can be said to be the last feast of the financial crisis. After all, Hong Kong's foreign exchange reserves are ranked third in the world, second only to Japan and China, with a foreign exchange reserve of up to 82 billion US dollars. In the eyes of these large investment banks, it is an extremely delicious piece of fat meat, and everyone wants to swallow it in one bite.

In the past, these large investment banks in Thailand, Malaysia, Indonesia, Singapore, South Korea and other countries had already tasted the sweetness. Fortunately, Wandao saw the opportunity and even resisted, they directly announced the depreciation of the New Taiwan dollar. Otherwise, the 80 billion US dollars of foreign exchange reserves in Wandao would be swallowed up by these large investment banks.

Therefore, after swallowing up hundreds of billions of foreign exchange reserves of Southeast Asian countries, these large investment banks set their sights on Hong Kong Island.

They want to continue to replicate the feat of embezzling foreign exchange reserves in Southeast Asian countries and swallowing Hong Kong Island's foreign exchange reserves in one bite.

Although the foreign exchange reserves of up to 82 billion US dollars in Hong Kong are the wealth that the Hong Kong people have worked hard for decades, they will not care so much for those large investment banks. In their eyes, the wealth that millions of people in Hong Kong have accumulated over decades of hard work are prepared for them.

But they really didn't expect that the Chinese government, which had just taken back the ownership of Hong Kong Island, would be so determined and would really maintain the prosperity of Hong Kong Island at all costs. They would not expect that just before the final battle on August 28, 1998, after the Chinese government announced that the national currency would not depreciate, it would still directly take out a huge amount of HK$60 billion to resolutely safeguard the status of the Hong Kong dollar!

August 28 is the settlement day of Hong Kong Hang Seng Index Futures in August. In more than a year before this day, in order to completely defeat the Hong Kong dollar, major investment banks have made countless preparations after Soros, waiting to completely defeat the Hong Kong stock market when this day comes, and then completely defeat the Hong Kong dollar.

They all knew what Premier Zhu said before, but these big investment banks did not believe that the Chinese and Hong Kong governments would interfere in the financial market, and the various preparations made before also forced these big investment banks to make the arrows.

Then, a huge amount of funds gathered on Hong Kong Island on this day. On this day, the trading volume of the Hong Kong Island stock market broke the historical record, with a trading volume of up to HK$79 billion in a day!

As for the funds in the foreign exchange market and stock index futures market, it is even more huge.

However, these large investment banks would never have thought that the Hong Kong Island government and the Chinese government were so determined. In addition, the huge amount of long funds that suddenly entered the market at a critical moment became the last straw that broke the camel's back.

The battle situation in the Hong Kong financial market that day was unprecedented, but if we put aside the tragic battle situation on this day, the point at the closing of the Hang Seng Index on August 28 was really a very plain number, and it even fell by 93 points from the previous day. However, the significance of this number to the Hong Kong financial market is immeasurable.

It has completely gained a foothold in the Hong Kong stock market, and not only has international speculators no room for profit, but also will inevitably suffer huge losses as their contracts have expired.

$11.2 billion!

This is the Hong Kong Island Government's final profit figure, and it also means that the Hong Kong Island Government finally won the victory in the battle to defend the Hong Kong Island!

Similarly, this number means that major investment banks have lost US$11.2 billion in the Hong Kong dollar blocking battle that has been carefully prepared for more than a year!

Although playing speculation requires the awareness of losing money, if there is no such long funds suddenly entering the market, even if the Hong Kong Island government can win, it will only be a miserable victory.

Who is the owner of that long fund?
Chapter completed!