Chapter 1456: A decision that will take Hong Kong's financial market to new heights

"Director Liu, what's wrong? What's in there that's so shocking that it's got you so shaken up?'

On the way back, Ma Jianmin couldn't help but ask Liu Zhihe in a low voice, unable to contain his curiosity.

After all, Xia Yu had said that he could read the information as well, as long as he didn't divulge it to anyone else.

Liu Zhihe glanced at the driver and bodyguard in front of him, then opened the file bag again. After taking out the documents, he gestured for Ma Jianmin to take a look together.

Inside, there was a shocking account of the secret cooperation between Li Chaojen and others and the short sellers. Not only was there content about the joint short selling of Hong Kong stocks, but also information about the huge amount of Hong Kong dollars they had secretly traded with the short sellers the previous two days.

Each of these items pointed to their essence as traitors.

Liu Zhihe and Ma Jianmin had both come into contact with these people, and they already had a fixed impression of them.

But after reading this information, they found that the impression they had of these people in their minds had become fragmented.

'Director Liu, this... is unbelievable!'

Ma Jianmin couldn't help but sigh, his face full of shock.

Liu Zhihe looked him in the eye and said with a serious expression, 'It is indeed unbelievable, but President Ma, do you think these people have higher creditworthiness, or does Mr Xia have higher creditworthiness?'

His meaning was clear: did Xia Yu need to deliberately frame these people?

Ma Jianmin said without hesitation, "Of course Mr Xia has high creditworthiness. His contributions to the country are unparalleled and indelible.'

'And this time, Mr Xia has been fighting against the short sellers" attacks, and his position is impeccable.'

After saying this, Ma Jianmin was silent for a few seconds, and then he sighed with emotion, 'The gap...you just never know with people...'

'Yes...' Liu Zhihe couldn't help but feel overwhelmed with emotion as well.

Glancing down at the document in his hands again, Liu Zhihe put it back down, shrugged his shoulders, and sighed, 'Forget it, let's just hand this document over to the higher-ups and see what they decide.'

'It looks like the situation in Hong Kong is going to change drastically again!'

Ma Jianmin nodded, already pondering in his mind.

BOC had business dealings with many of the people in the document. If the situation in Hong Kong changed drastically again, BOC would definitely be hit hard. This was a crisis, but also an opportunity. It just depended on how it was handled.

...

Xia Yu didn't pay any particular attention to the attitude of the higher-ups.

After all, Liu Zhihe was told to submit the document for multiple purposes, but mainly to have an effect in the long term.

In the short term, the biggest effect is to prevent the mainland from getting involved in a muddle-headed way.

This time, they have betrayed their own side and been caught red-handed. Xia Yu has to deal with them severely, otherwise such things will happen again and again in the future.

There is no point in guarding against thieves when you have only a thousand days to do so.

The only way to deal with them once and for all is to deal with them directly.

The next two days, Thursday and Friday, coincided with Xia Yu's side continuing to strongly push up Hong Kong stocks, and the short side was under increasing pressure.

In particular, the first batch of contracts for betting and shorting were about to expire.

Hong Kong stocks had been pushed up so crazily that if the shorts wanted to return the stocks, they would have to buy the same amount of stocks they borrowed at an extremely high price.

That wasn't the most critical thing.

The most critical thing was that they couldn't buy enough stocks even if they had the money, not to mention that they had to use their Hong Kong dollars to attack the Hong Kong dollar exchange rate.

Because of this, the bears' offensive has been fierce over the past two days, and the news has become common knowledge.

But Jiuding Bank is awesome, and in less than two days, it once again supported the Hong Kong Monetary Authority with 10 billion US dollars in foreign exchange.

Together with the US dollars raised by the Hong Kong Monetary Authority from other channels,

after taking over the 156.5 billion Hong Kong dollars worth of assets thrown out by the enemy, the Hong Kong Monetary Authority's US dollar foreign exchange reserves still remain as high as 14.27 billion US dollars.

Evelyn Rothschild and Terence Worborg could not help but swear profusely more than once.

The currency market was closed for the weekend, dealing another blow to the bears.

After all, with the market closed, they could no longer launch a strong offensive, while the HKMA could continue to raise US dollars through other channels.

Sure enough, over the weekend, the HKMA once again increased its foreign exchange reserves from 14.27 billion US dollars to 17.83 billion US dollars, with the major banks as the main helpers.

...

'Evelyn, what's the situation with Bear Stearns and Goldman Sachs? It doesn't look like they're doing much.'

As he enjoyed his morning tea on the weekend, London time, Jacob Rothschild, head of the Rothschild family, couldn't help but ask his cousin Evelyn Rothschild about the situation.

Although Evelyn Rothschild was responsible for attacking the Hong Kong dollar exchange rate, as head of the family, Jacob Rothschild was also keeping a close eye on the progress.

'Bear Stearns and Goldman Sachs have indeed made a move, but they haven't had enough time to make preparations. At the beginning, they could only use the Hong Kong dollars from their Hong Kong branches and the funds raised from other institutions. So far, they have used more than 200 million Hong Kong dollars, which is not a small amount.'

'The formal trading channels, the Hong Kong Monetary Authority and major local institutions, are all doing their best to take over Hong Kong dollars. Bear Stearns and Goldman Sachs can only raise Hong Kong dollars from other channels in order to avoid the impact.'

'This has made the process much less efficient. And the Hong Kong Monetary Authority is being particularly tough, making the battle much more intense than we previously analysed. As a result, these companies have been unable to keep up with the pace in a short period of time. Sigh...'

Evelyn Rothschild sighed as the true situation came to mind, and she explained to Jacob Rothschild.

It wasn't that the teammates weren't giving their all, it was just that the time was too short and the enemy was too tough!

The allies they recruited spent more than 20 billion Hong Kong dollars, and at least depleted the receiver's reserves of 3.2 billion US dollars.

In fact, their contribution was definitely not small. However, after hearing this, although Jacob Rothschild understood, he still felt bad.

'Jacob, has the family found out where the 20 billion US dollars from Jiuding Bank came from?' Seeing that Jacob Rothschild was silent, Evelyn Rothschild, who was also in a bad mood, couldn't help but ask.

Jacob Rothschild's face got even worse. He shook his head and said, 'We haven't found out. It seems to have just appeared out of nowhere, or it was originally in Jiuding Bank's account.'

'This...' Evelyn Rothschild's fists clenched instantly, and after a few seconds, she let go, suddenly feeling a sense of powerlessness.

On second thought, it seems that from the beginning, her side had thought they knew the bottom of Xiangjiang and Xia Yu, and had also overestimated him as much as possible. She never expected that one unexpected situation would follow another.

These two battles have been...really frustrating and powerless.

'Evelyn, you gathered everyone today to unify their attitudes. It would be best to dump all the Hong Kong dollars you hold after the market opens tomorrow, and don't worry about the allies you've brought in behind you.

'Although these allies have played a significant role, judging from the current situation, they are not raising funds as quickly as the Hong Kong Monetary Authority.'

'According to your original plan, while selling Hong Kong dollars at high intensity, you are also creating public panic and enlisting a group of powerful allies. The slightly longer frontline will do us more good than harm.'

'But judging from the current situation, the disadvantages outweigh the advantages, and it is best to adjust the strategy immediately.'

After pondering for a long time, Jacob Rothschild made a suggestion to Evelyn Rothschild.

The latter pondered for a long time and nodded slowly.

...

It was 9am Hong Kong time on the new week.

The currency market, which had no fixed trading venue, opened again.

The short attack came in a tsunami-like surge, and the Hong Kong Monetary Authority was instantly busy as hell, while funds were rapidly being depleted.

In less than half an hour, the foreign exchange reserves in US dollars were depleted by more than 7 billion US dollars, so much so that the foreign exchange reserves fell below 10 billion US dollars.

The situation was critical, and Zhou Shanwen immediately called Xia Yu for support.

Xia Yu immediately asked Zhou Shanwen to send a subordinate to the headquarters of Jiuding Bank to coordinate, while his own small treasury was opened again, and he directly instructed Liu Tianci to first transfer 20 billion US dollars to the account of the Monetary Authority within the bank. As for the corresponding 122 billion Hong Kong dollars, it was deducted from the account of the Monetary Authority in batches.

After all, as long as the HKMA exchanges the US dollars, there will be enough Hong Kong dollars in the account, so there is no need to worry about risks.

Furthermore, Xia Yu instructed Fok Kin-ning to convey the order to all institutions to let loose and initiate the decisive battle!

Be sure to assist the HKMA in clearing all Hong Kong dollar sell orders posted on the foreign exchange market as soon as possible and completely repel the enemy!

At the same time, Xia Yu had a flash of inspiration and once again gave an astonishing instruction.

He ordered Huang Xizhao of Global TV to have the financial channel suspend all daytime programming for the day and broadcast the entire financial battle, which would go down in history.

He wanted the people of Hong Kong, the Southeast Asian audience, and the world to see for themselves just how strong Hong Kong's financial system was!

Xia Yu wanted everyone to know that any enemy who dared to maliciously invade Hong Kong's financial market would be beaten to a pulp.

Hong Kong also had sufficient strength and depth to become one of the global financial centres!