97年中美在香港的巅峰对决：国际炒家做空香港，中央绝招力挽狂澜

Group 1 - The article discusses the financial crisis in Hong Kong during the late 1990s, highlighting the significant impact of hedge funds and speculators like George Soros on the market [1][3][5] - The crisis was triggered by the speculative actions of hedge funds, particularly Soros's Quantum Fund, which led to the devaluation of currencies in Southeast Asia and ultimately targeted Hong Kong [5][6][9] - Hong Kong's financial system, heavily reliant on foreign investment and a fixed exchange rate, faced severe challenges as the Hang Seng Index peaked at 16,497 points before the crisis unfolded [6][7] Group 2 - The Hong Kong Monetary Authority's response included emergency measures such as purchasing large amounts of Hong Kong dollars and tightening monetary policy, but these actions initially failed to stabilize the market [7][9] - With support from the central government, Hong Kong shifted from a non-interventionist policy to actively intervening in the market, successfully pushing the futures index above 7,500 points to counteract speculators [9][10] - The resolution of the crisis not only preserved Hong Kong's financial stability but also had broader implications for the Asian economic landscape, showcasing China's growing influence and ability to manage financial crises [10]