wholesale mens jewelry usa At that time, the economy in Hong Kong was too bad
3 thoughts on “wholesale mens jewelry usa In that year of the financial storm in Hong Kong?”
Leave a Comment
You must be logged in to post a comment.
wholesale mens jewelry usa At that time, the economy in Hong Kong was too bad
You must be logged in to post a comment.
stainless steel body jewelry wholesale 1998.
1997, the hedge fund owned by the famous American financialist Soros launched a continuous sniper in Asian countries and regions, and achieved great success. The accumulated foreign exchange was instantly turned into black, which triggered the most impact on the political, economic and social life of these countries after World War II. From June-July 1998, Soros aimed at Hong Kong dollars at HK $ head and began to launch impact on the Hong Kong stock market and future markets.
I Hong Kong's financial defense war is a contest of economic strength. As of the end of December 1997, Hong Kong's foreign exchange reserves were 92.8 billion US dollars, the third largest in the world, second only to Japan and Mainland China. In late August 1998, the Hong Kong Special Administrative Region Government decided to counterattack international speculators. The Hong Kong Financial Administration invested huge funds in the stock and futures market.
On August 28, 1998, Hong Kong's annual turnover reached 79 billion Hong Kong dollars, setting a record at the time. The Hong Kong government fully hosted the unprecedented selling pressure of international speculators. The Hang Seng Index was 7829 points when closing. Zeng Yinquan immediately announced that the Hong Kong government has won in the battle against international speculators and defending Hong Kong stock markets and currencies. Soros suffered heavy losses in this battle.
The expansion information:
The counterattack process:
On August 14, 1998, the Hong Kong government entered the market and issued instructions to many securities banks such as BOC, Dori, and Sheng The index blue -chip stock, indicating that at the expense of cost, it is necessary to raise the stock index in August 600 points. The Hong Kong government's "active non -intervention" policy in the past has caused a heavy blow to speculators.
On August 27, under the command of Zeng Yinquan, the Hong Kong government injected about 20 billion Hong Kong dollars a day to undertake the futures thrown by the speculators and pushed the Hang Seng Index to 88 points to 7923, laying a foundation for the final decisive battle.
The August 28th, the decisive battle arrived. This day is the settlement date of the Hong Kong Hang Seng Index Futures Contract in August. There are a large number of futures lists in international speculators who have expired. If the stock market and the foreign exchange market can stabilize at a high level or continue to break up, the speculators will lose hundreds of millions or even more than one billion US dollars. On the contrary, the tens of billions of Hong Kong dollars invested by the Hong Kong government will throw into the sea.
The in the morning at 10 am, the transaction officially started. Only 5 minutes after opening the market, the stock market's turnover exceeded HK $ 3.9 billion. Half an hour later, the transaction amount exceeded HK $ 10 billion. By the time of the closing, the turnover had reached a huge of 40 billion Hong Kong dollars, close to the highest record history of HK $ 46 billion on August 29, 1997.
P. After the market opened in the afternoon, the sales of selling were increasing. The Hong Kong government was collected in accordance with the order, and the transaction volume rose all the way, and the HSI and the Detailed Index always maintained above 7,800 points. As the bell sounded at 4 pm, the constant Index, Detishire, and transaction amount on the display were finally locked at 7829 points, 7851 points, and 79 billion figures, respectively.
The Zeng Yinquan immediately announced that the Hong Kong government has won in the battle to combat international speculators and defend the Hong Kong stock market and Hong Kong dollars.
The reference materials Source: Baidu Encyclopedia-Hong Kong Financial Defense War
People's Daily-the Wonderful Wonderful: Hong Kong Financial Defense War n
cheap costume jewelry wholesale There are many financial storms in Hong Kong.
This in Hong Kong encountered the Asian financial turmoil in 1997, the economic bubble was crushed, and the Hong Kong economy entered a new period of adjustment and transformation. The SARS epidemic that occurred in early 2003 made the Hong Kong economy at a low valley. When looking for a good recipe for revitalizing the economy, people of Hong Kong in Hong Kong realized that the close connection between Hong Kong and the Mainland is an indispensable factor for Hong Kong's economic prosperity. , Mutual win -win.
Therefore, the signing and implementation of the "arrangement" has become a new opportunity for Hong Kong's economy to revitalize the strong style and create a miracle, so that the Hong Kong economy can get rid of the dilemma in a short period of time to regain the rising track. Tang Yingnian, director of the Financial Secretary of the Hong Kong Special Administrative Region Government, pointed out: "The service industry with financial, logistics and professional services as the main body is the pillar of the Hong Kong economy and the most important industry in the Mainland. , Winning the opportunity, further consolidating Hong Kong's position as an international financial center. "
The bank industry as an example, "arranging" the threshold for Hong Kong banks to enter the mainland market, and strengthening the role of Hong Kong's financial development in the Mainland. At present, five banks in Hong Kong have been allowed to open branches in the Mainland, and many Hong Kong banks have been approved to engage in agency insurance business in the Mainland; a total of 39 Hong Kong banks provide RMB business services with more than 22.7 billion yuan in RMB deposits in Hong Kong.
"arrangement" has successfully listed in Hong Kong in more large mainland enterprises, promoting the "expansion" of the Hong Kong stock market. Ma Shiheng, director of the Financial Affairs and Treasury Bureau of the Hong Kong Special Administrative Region Government, said that shortly after the signing of the "arrangement", the Hong Kong stock market got rid of the weak situation and quickly exceeded 10,000 points. After 2004, the Hong Kong stock market gradually entered the "bull market". In addition, huge companies such as China Life, Bank of Communications, Shenhua, Construction Bank, and Bank of China came to Hong Kong to go public, and the market value of Hong Kong stocks continued to rise. May 3, 2006 was a milestone in the development of the Hong Kong securities market. The Hang Seng Index exceeded the 1,700 mark. The total market value of the stock market exceeded HK $ 100 trillion for the first time. Hong Kong became one of the most important listed fundraising centers in Asia.
"At present, the market value ranking of the Global Exchange of the Hong Kong Exchange ranked eighth and ranked second in Asia. High -quality companies in the Mainland will be listed in Hong Kong, making Hong Kong stocks better in the future Development. "Xia Jiali, chairman of the Hong Kong Exchange.
The signing and implementation of the "arrangement" has also made overseas investors have great interest in Hong Kong investment. In 2005, of the 232 foreign -funded projects introduced by the SAR Government Investment Promotion Department, 63 companies said that when deciding to invest, "arrangement" was an important factor in its consideration.
Under the "arrangement" framework, many aspects of communication and cooperation have been conducted through different mechanisms between Hong Kong and the provinces and cities of the Mainland. The district government has set up a high -level cooperation mechanism. The SAR Government has established the Mainland Affairs Liaison Office to coordinate and promote exchanges and cooperation between Hong Kong and the Mainland.
The Tang Yingnian said: "In order to maintain the competitiveness and advantages of Hong Kong, our primary work is to ensure that the economy of the SAR and the Mainland can be further integrated, so that people in the two places, logistics, capital flow and services The flow is unimpeded, and then Hong Kong has promoted Hong Kong to become the international metropolis in the Asia -Pacific region. "
As the" arrangement "signed the 3rd anniversary, Tang Yingnian said," We must actively play the 'back of the motherland. The advantage for the world 'is constantly increasing and expanding cooperation space with the Mainland. "
wholesale fashion jewelry harry hines dallas texas 1998