Ross has just finished a beautiful "mopping-up war", which has swept through the financial markets of Southeast Asia and even spread to the financial markets of the whole world this time. But Soros is by no means the kind of person who is willing to give up easily. He began to buy a lot of Hong Kong dollars, ready to reproduce the glory of the battles in England and Southeast Asia.
This time, Soros's decision is unwise, because he may forget to consider Hong Kong behind Chinese mainland. The foreign exchange reserves of Hongkong and Chinese mainland exceed US$ 200 billion. Together with Taiwan Province Province and Macau, the foreign exchange reserves are not less than US$ 374 billion. Such a strong strength is not comparable to that of Britain, Thailand and other countries. The odds of winning this attack on the Hong Kong dollar are slim.
Extended data:
97 Hong Kong Soros related information:
On July 2, 1 and 1997, Thailand announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, which triggered a financial storm sweeping Southeast Asia. On the same day, the exchange rate of Thai baht against the US dollar fell by 17%, and financial markets such as foreign exchange were in chaos. Under the influence of the fluctuation of Thai baht, Philippine peso, Indonesian rupiah and Malaysian ringgit have become the targets of international speculators.
2.65438+1February 1998 1 1 day, the Indonesian government announced the implementation of the linked exchange rate system of fixed exchange rate between the Indonesian rupiah and the US dollar to stabilize the Indonesian rupiah. This move was unanimously opposed by the International Monetary Fund, the United States and Western Europe. The International Monetary Fund threatened to withdraw its aid to Indonesia. Indonesia is in a political and economic crisis.
3. When the American stock market is in turmoil and the exchange rate of Japanese yen keeps falling, international speculators launch a new round of attacks on Hong Kong. The Hang Seng Index fell to more than 6,600 points. The Hong Kong SAR Government retaliated, and the HKMA used the Exchange Fund to enter the stock market and futures market, absorbing Hong Kong dollars sold by international speculators and stabilizing the foreign exchange market at the level of 7.75 Hong Kong dollars 1 US dollar.
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