In order to cope with the economic recession, the SAR government adopted a fiscal policy to expand and increase the budget deficit. The treasury inventories of Hong Kong dollars dry up every summer, and government expenses must go to the currency market to exchange US dollars for Hong Kong dollars. At this time, financial speculators sold Hong Kong dollars in large quantities, and the HKMA naturally bought cheap Hong Kong dollars for the government.

Just like a martial arts master, one side underestimates the other side's internal strength, causing his own internal strength to be continuously absorbed and resolved by the other side.

The first round reached 4:30 pm on Monday, June 6, with a small victory of the Hong Kong Monetary Authority, the exchange rate stabilized at the level of around 7.75 Hong Kong dollars, because the stock market was not very frustrated, and the futures index did not decline much, and speculators returned in vain, but they did not stop.

Whether it is to complete political tasks or economic interests, the Hong Kong financial market will usher in unprecedented storms, and its intensity is even greater than the sum of all Southeast Asian countries. This is what Chen Kangjie realized and the difference in history. Not only did overseas speculators not stop, they even doubled their scale and started in the money market and securities market at the same time.

Perhaps they are very clear about the strength that the Hong Kong Special Administrative Region says is, and they have mastered the financial strength of the mainland, so it seems that the opponent is full of confidence.

Starting from April 7, a large-scale "century gamble" began, and the funds invested by both the enemy and us were 10 billion US dollars every day.

On April 7, international speculators sold more than 65 billion Hong Kong dollars. The SAR government gritted its teeth and ate all of them. The Hong Kong dollar exchange rate was basically stable, but the foreign exchange reserves in the SAR government reduced by US$9 billion.

This shocked the Financial Secretary, who had returned from abroad, and was said to have not fallen asleep all night and even cried three times.

He was under too much pressure. If he lost, he would lose all the money from Hong Kong people. Even if he jumped off the building, he could not make up for it. For more than half a month, he would not want to sleep well. To put it bluntly, even if he fell asleep, he would be awakened by nightmare. All his nerves were stretched out, and the shadow of fear always lingered all over his body.

More than 60 billion Hong Kong dollars are just in the money market. In the securities market, in order to cope with the decline in the stock market, the Hong Kong government also invested 23 billion Hong Kong dollars in it, holding a short position.

If you follow this speed, it takes less than ten days, or at most eight days, all the money you can use in the Hong Kong government will be exhausted.

The afterglow shone in through the floor-to-ceiling window and landed on Chen Kangjie's resolute, stable and young face. He was holding a report jointly drafted by officials from the Hong Kong Monetary Authority and the Financial Affairs Bureau. Chen Kangjie received only twenty-three minutes later than the Chief Executive.

This report can clearly reflect the fear of financial officials in Hong Kong authorities, and also reflect how fierce the war is.

In the report, according to the analysis of officials from the Hong Kong Financial Bureau, "the trend is over". If the central government does not take action, the Hang Seng Index will soon plummet to 4,000 points, and bank loan interest ranks at the highest level in history. Hong Kong is likely to "dead" within 5 days.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.

Perhaps they may be mentally unsure while suggesting that the central government help, otherwise their tone would not be so pessimistic and they would be completely restrained.

Half an hour later, Chen Kangjie threw the report aside. He hadn't smoked for a long time and asked for a cigarette from his subordinates. He stood in front of the window and silenced out the smoke alone.

It can be seen that Chen Kangjie is also under pressure. Of course, his pressure will not come from how much he makes or how much he loses. The key is that the burden on his shoulders this time is too big. The fate of more than 5 million Hong Kong people is in his hands. The long-term prospects of the Republic lie in him. The success or failure of hundreds of billions of dollars is in his heart. It is not just that the burden of money is too heavy. Moreover, the enemy he faces is not a messy speculator, but a conspirator supported by the Federal Reserve. This is a strong enemy he has never met before.

Half an hour later, Chen Kangjie returned to his desk, picked up the phone and called Huang Zhenhua.

The phone was answered as soon as it rang.

"Xiaojie, I'm about to call you too," Huang Zhenhua took the lead in speaking.

"I know why, I have read the report you transferred to me. As they said, if the central government does not intervene, they are indeed likely to disarm within a few days. The opponent's strength is stronger than I expected. However, this also confirms my previous guess. This is definitely not an unorganized financial attack," Chen Kangjie said calmly, without revealing any pressure.

"Then what should we do?" Huang Zhenhua asked habitually.

"Have you not communicated with the newly appointed Prime Minister? His previous central government's financial work was under his control. He can be regarded as a promising expert in the industry. What is his opinion?" Chen Kangjie did not answer, but asked.

During the Two Sessions in 1998, the government leaders changed their term. The previous Prime Minister went to the National People's Congress. The capable and courageous executive vice premier served as prime minister, and the first administrative responsibilities were summarized.

During his tenure as executive vice premier, he served as the governor of the central bank, so he is very familiar with financial work. Now facing such a major and critical issue, this may be the top priority of recent work. Chen Kangjie guessed that this old man with a rumored temper would not have his own ideas.

"As you said, I just reported to the Prime Minister before I came back from his office. His opinion is to focus on your opinion," Huang Zhenhua replied.

"What, he's just such a simple sentence." Chen Kangjie didn't expect that the new prime minister's opinion would be so concise and was very surprised. How could he have no idea of ​​such a big decision?

"We can't say that completely. How do you say that, before, entrusting you with full responsibility, this is a collective decision and the opinions of Chinese comrades and their opinions. Therefore,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Chen Kangjie understood why the Prime Minister had only a simple conclusion that "mainly based on Chen Kangjie's opinions."

Although the government is the leader now, because of the special political organizational structure of our country, two of the three people who decided to entrust Chen Kangjie with important tasks were ranked ahead of him. In other words, they are all leaders of the Prime Minister. Therefore, as subordinates, we naturally cannot disobey the leadership's decision at will. Moreover, so far, Chen Kangjie's decision has not made any major mistakes.

At the same time, he also knew that Huang Zhenhua and Chen Kangjie had a close relationship, so after he told Huang Zhenhua his thoughts, Huang Zhenhua would definitely pass on them to Chen Kangjie. Although he had been a little bit winding, this was also a manifestation of political maturity, and it was also a trust and test of Chen Kangjie.

"Since that said, I'm relieved. My opinion is exactly the same as the Prime Minister's idea. Some words have to be published by the Prime Minister himself. This not only shows the attitude of the central government, but also can calm the hearts of some Hong Kong citizens and enhance their confidence. But I would like to add that part of the domestic foreign exchange reserves really need to be loaned for Hong Kong for use, and it is best to be available within three days," said Chen Kangjie.

"The maximum amount of domestic foreign exchange can be used is only 100 billion yuan, which is the limit. In addition to the need to set aside a part of the foreign debt, some of them are in the US bond market and cannot be withdrawn in a short time. Moreover, according to the current strength and speed, it is probably not possible to support 100 billion US dollars," Huang Zhenhua said nervously.

"It's okay, you can support it as long as you can. I will support the rest," Chen Kangjie said confidently with gritted teeth.

"Xiaojie, be cautious in everything. We cannot lose this big gambling, nor can we afford to lose," Huang Zhenhua involuntarily reminded.

To be honest, Huang Zhenhua's pressure is not less than that of the senior officials of the SAR government. Even more, he hasn't had a sleep-safe sleep for two months. Every day, news from Hong Kong is like a fire burning under his feet, making him anxious and restless. Just as he said, Chen Kangjie can't afford to lose, the SAR government can't afford to lose, and Huang Zhenhua can't afford to lose, he said that the historical and political responsibilities he bears are the greatest.

"Uncle Huang, I understand, don't worry, I will be very cautious."

Just the day after Huang Zhenhua and Chen Kangjie spoke with each other, the Prime Minister solemnly stated when attending a financial meeting that the RMB will be determined not to depreciate, which is responsible to other friendly countries and to himself. The government will take various effective measures to deal with it. At the same time, he also stated that the central government will do its best to help Hong Kong stabilize the market. He said that he believes that the fundamentals of Hong Kong's economy are good, and that Hong Kong will not and will not repeat the mistakes of other Southeast Asian countries, because this is a battle between 1.2 billion people.
Chapter completed!