"Since the opening of the Hong Kong Futures Exchange on August 31, customers holding more than 10,000 Hang Seng Index futures contracts will be charged a special deposit of 150%, that is, the margin for each Hang Seng Index futures contract will be adjusted from HK$80,000. is HK$120,000; the requirement for reporting large positions is reduced from 500 contracts to 250 contracts and must be reported; the identities of large position holders must be reported to the Futures Exchange when reporting."
Director Zeng continued, with a relaxed expression, unlike the tension and dilemma he felt when facing the crazy short-selling behavior of international speculators at the beginning of the month.
Learn from every experience and gain wisdom. Not only has the Heung Kong Futures Exchange formulated three trading rules to restrict short selling of Hang Seng Index futures contracts, the Heung Kong Monetary Authority has formulated new rules for foreign exchange and securities trading and settlement, making full use of trading rules to restrict international The crazy short-selling behavior of speculators has caused international speculators to retreat.
"Deposit" is the language of the financial circles in Hong Kong and Taiwan, and it is called "margin" in the mainland.
Everyone breathed a sigh of relief, but next Monday, the Hang Seng Index would inevitably fall sharply.
In the battle on August 28, the Hong Kong government achieved a decisive victory. However, for international speculators, futures transfer is a feasible option and may become their "life-saving straw."
Therefore, for the Hong Kong SAR government, the battle on August 28 can only be regarded as a staged victory. The Hong Kong government decided to continue to push up the price of stock index futures in September, forcing speculative capital to leave the market with losses.
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On the 31st, on the first trading day after the Hong Kong government announced the end of market protection, affected by the double major bad news that the Dow Jones index fell 114 points and the Hong Kong government stopped protecting the market, the Hang Seng Index opened at 7848.5 points, opening 271.5 points lower. Grabbing rebound funds to enter the market, the market rebounded to 7986.37 points.
"Smash the plate!"
Robert, who was sitting in Xiangjiang, gave an order.
The main short sellers, led by Quantum Fund, Tiger Fund and Ltcm, began to exert their strength. Seeing the three rules issued by the Xiangjiang Futures Exchange to restrict short selling of Hang Seng Index futures contracts, among the eight main short sellers in the Xiangjiang financial market, the presidents of three of the main players did not We are optimistic about the prospects of continuing to short the September contract of Hang Seng Index futures, and there is no rollover of the September contract after high delivery.
International hot money is not under the leadership of Soros and Robert. It is responsible for its own profits and losses, and can come and go freely.
The Hong Kong government pushed the Hang Seng Index from 6,660 points closing on the 13th to 8,129 points on the 28th, forcing international speculators to settle and deliver at a high level. Speculators will suffer huge losses once they close a large number of short orders, and the rollover cost of a first-hand contract is as high as 3 More than 10,000 Hong Kong dollars.
Under the pressure of profit taking and unwinding, the market was hit to 7533.81 points. There was a rebound in the late trading. The market closed at 7575.04, down 553.96 points or 6.81%, which was smaller than expected. The total transaction volume for the whole day was 8.6 billion. Hong Kong dollar, less than 10% of last Friday's trading volume.
Shrinkage plummets!
Robert and the traders showed long-lost smiles.
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"Minister Chen, invest 500 million Hong Kong dollars, add 10 times leverage, and buy the September Hang Seng Index futures contract."
On September 1, affected by the Dow Jones stock index plummeting more than 500 points, the Nikkei opened 128 points lower.
The Hang Seng Index opened at 7575.45 points, opening 200 points lower.
In his previous life, Sun Jian didn’t know that the Dow Jones stock index would plummet. He didn’t know that Soros would roll over the August contract of Hang Seng Index futures into September contract and continue to short the September contract of Hang Seng Index futures. He didn’t know that the Hong Kong government would stop protecting the market on August 31. But he knew that Soros, who was determined to retaliate, would definitely take the lead in smashing the market and try to take back the losses. However, the Hong Kong government learned a lesson from the experience and had a plan in mind. It made full use of the rules to restrict the other party from shorting the Hang Seng Index futures September contract and would not give any Their chance of a comeback.
It is also a good opportunity for htIc to go long on the September contract of Hang Seng Index futures.
In less than two days, the Hang Seng Index shrank by more than 750 points, or 9.23%. htIc spent more than 60 billion Hong Kong dollars to purchase the blue-chip stocks of the Hang Seng Index some time ago, with an average price of 7,850 points, and a book loss of nearly 3.6 billion Hong Kong dollars, a heavy loss!
In his previous life, Sun Jian did not know that the Hang Seng Index would plummet after the victory in the Hong Kong Financial Defense War, otherwise he would not have bought so much. However, his spare no effort to protect the market this time has also been unanimously praised by domestic and Hong Kong bosses. I also received a Purple J Medal, which is an honor that cannot be obtained no matter how much money is spent!
Before Sun Jian, only 12 people were awarded the Purple J Medal by the Hong Kong government, and all of them were famous. In previous lives, I only had the opportunity to see these celebrities on TV.
For Sun Jian nowadays, honor and status are more important than money!
Losing is gaining!
Sun Jian suffered heavy losses in order to win the Xiangjiang Financial Defense War. Big bosses will remember it. Big bosses will never forget those who have made great contributions to the country.
"Okay, Mr. Sun!"
Wang Dongming, Chen Huamin and Li Dong did not predict that the Hang Seng Index would plummet continuously. Chen Huamin personally placed the order. Under the new Hang Seng Index futures contract trading rules, HK$5 billion can now only purchase multiple lots of Hang Seng Index futures September contracts.
Liu Yue and Xiang Dongping left Xiangjiang with their families. Sun Jian took them to the airport in person. Under the escort of bodyguards, he flew back to Jiangcheng on the 30th. On September 1st, Sun Dong officially entered kindergarten on August 31st. Pay money to register.
Sun Jian's son cannot break the rules of Xinghuo Kindergarten. It is also a life lesson for Sun Dong. He is just one of the kindergarten children and cannot be special.
Sun Jian stayed and had important things to do.
He didn't take the initiative to buy a trap, but for the sake of victory in the Xiangjiang Financial Defense War, it doesn't matter if he is trapped, as long as he loses time, he won't lose money, otherwise the big guys would really think he is a stock god! The Asian financial crisis is coming to an end, and the Hang Seng Index will enter an upward channel, rising sharply and recovering slightly, heading towards the point.
If htIc takes a long-term view and cashes out at some point, the stocks worth more than 60 billion Hong Kong dollars will become HK$600 billion. By then relying on these blue chip stocks to cash out, Sun Jian may become the richest man in the world!
The plunge in the Hang Seng Index is also a good opportunity to go long on the September contract of the Hang Seng Index futures.
In the past life, the international hot money shorting the financial market in Xiangjiang fled. Now htIc, a force with strong financial strength, has participated in the defense battle of Xiangjiang's financial market. The Hang Seng Index futures closed at 8229 points, which is more than 300 points higher than in the previous life. The short selling Hang Seng Index futures 8 International hot money in monthly contracts suffered heavy losses.
Soros must have hated Sun Jian and looked for opportunities to retaliate. Beating and killing is the behavior of street gangsters. At their level, the most powerful revenge is to use trading rules in the financial market to cause your assets to suffer Despite the heavy losses, we still had a good conversation when we met.
For a financial tycoon of Soros's caliber, even if Quantum Fund is liquidated, it will not affect his and his family's life as billionaires, and it will be difficult for him to become poor.
The Dow Jones Index has plummeted continuously, and the sequelae of Russia's national debt default are still brewing. Quantum Fund, Tiger Fund and Ltcm will suffer heavy losses, and it will be difficult for the gods to save them. The Hong Kong Monetary Authority will promulgate new regulations on foreign exchange, securities trading and settlement. Smart people Soros and others have no chance of making a comeback by shorting the September contract of Hang Seng Index futures.
