I remember that when we saw the Asian economic crisis in the 1990s, the central government supported Hong Kong with huge sums of money and rewarded its successful return. Please elaborate!

It is not clear whether there is a large amount of funds to support the market, but in order to support the market and crack down on international speculators selling Hong Kong dollars, the Hong Kong Government estimates that it has invested more than 654.38 billion Hong Kong dollars in the two-week sniper war and used a large amount of foreign exchange reserves.

In the whole process of resisting the financial turmoil in Hong Kong, the central government gave strong support. First of all, the central government insists that the RMB will not depreciate. At the critical moment of the decisive battle with international speculators, the central government sent two deputy governors of the central bank to Hong Kong, asking all Chinese-funded institutions in Hong Kong to go all out to support the Hong Kong government's stock market support, which became a strong backing for Hong Kong to overcome the financial turmoil.

In the whole Asian financial crisis, the only thing that resisted Soros's attack without economic collapse was Hong Kong after the reunification, which retained the achievements of Hong Kong's development for decades. At that time, Soros mobilized world public opinion (including Hong Kong public opinion) and lashed out at the Hong Kong government for "administrative intervention in the market", which violated the rules of the market economy. If the then Hong Kong SAR government and the central government gave in to the pressure of world public opinion and did not use macro-control to intervene in the market, it would be a catastrophe.

I have always felt that there were many political factors in the 1997 storm. The West wanted to see the jokes of Hong Kong after the reunification, so it did not help the Asian financial turmoil. Of course, everyone knows the result. Postscript: Donald Tsang, the financial secretary of Hong Kong, who was then the frontline commander of sniper warfare, later became the chief executive of Hong Kong.