Chapter 864: 864
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Also in New York, on the same day, at the KY Investment Fund headquarters, which is only a few blocks away from the Quantum Fund headquarters, David Anderson is reporting to Yang Jing on the gains of Pacific Capital in the Asian financial crisis over the past year.
"Boss, your judgment is correct. If you didn't tell me not to participate in the Hong Kong dollar blocking war last year, Pacific Capital would really be on the blacklist opposite," David said excitedly, "My agent used NYAM's capital transferred from Europe to enter at the last minute to help the Hong Kong Island government defeat several major investment banks, which not only made us gain more than $2 billion in the final decisive battle, but also made us feel good about each other."
Yang Jing smiled, nodded and said, "that's right. David, don't forget that we are just pure speculation. Since it is speculation, don't think so much. Everything is based on interests."
"I know boss, Henry has been laying out across the street all these years. Now, seeing that the economy across the street is getting hotter and hotter, our layout is about to make greater achievements. I can't destroy the overall layout of the company at this critical moment. Besides, Goldman Sachs and Merrill Lynch are too greedy. In the early stage, they were in Southeast Asian countries, Japan, South Korea and even Russia Sri Lanka has reaped a profit of no less than $70 billion, and finally tried to eat the foreign exchange reserves of Hong Kong Island, which is a little too much. Boss, I always remember a Chinese idiom you said, too much is better than less, so they are really wrong this time. The most important thing is that I saw the actions and responsibilities of the Chinese government from the decisive battle ten days ago! In contrast, our federal government is too bad. I didn't see any responsibility and action of our federal government in the stock market disaster ten years ago. "
Yang Jing waved her hand and turned off the topic, saying, "David, don't talk about those high-level things. Talk about the harvest of more than a year."
"OK!" David looked very excited, "We started the layout in 1996, the year before last, and the financial crisis in Thailand broke out as expected as we guessed. As soon as many hedge funds led by Soros's Quantum Fund and Robertson's Tiger Fund were in trouble in Thailand, we immediately followed up. However, in advance, given that the foreign exchange reserves of Southeast Asian countries were not very large, we invested The amount of funds is not large. After all, our main battlefield is still Japan. "
"Then in more than a year, we reaped a total net profit of US $34 billion on the Thai baht, Indonesian rupiah, Philippine Peso, Malaysian won, Singapore dollar, Taiwan dollar, Korean won and ruble, including the depreciating Japanese yen. However, we have many agents, which are scattered and not noticed. I'm afraid Soros and Robertson won't expect us to enter."
Yang Jing nodded and praised, "that's what we should do. Stealing food in other people's mouths will be hated, so as long as we have this condition, we try not to expose ourselves."
"Don't worry, boss. During the Asian financial crisis, Pacific Capital has more than 110 agents. Each agent only controls the amount of funds of US $1.2 billion to US $3.4 billion. Most of these agents are mainly in Europe. The main capital flows are through our banks and UBS, so I can't catch me simply from the capital flow These agents seem to be ordinary European small and medium-sized investment institutions. Don't worry about us being discovered. "
Yang Jing nodded. With David's experience and means, it's really nothing to integrate such agents into the huge international hot money. You know, in 1997, there were more than 3500 hedge funds in the United States alone, and more than 2000 but less than 3000 hedge funds in Europe. It's really like mixing hundreds of agents in so many hedge funds Pour a glass of water into a lake.
Unless we can master the capital flow and source of these agents, it is absolutely impossible for the outside world to find out the true identity of these agents.
Although this will increase the cost, compared with security and huge benefits, this increase in cost is nothing at all.
"Boss, the financial systems of those small countries in South Asia are really rotten. They will collapse directly when they charge. Our funds are completely dispersed, so we are not prominent, and we have been following Soros and those big investment banks, so we can see the fight between the big investment banks in front and the local government while reaping profits. Ha ha To be honest, although it seems very fierce, it really doesn't mean much. Compared with these investment banks, the governments of those countries are not at the same level at all. They are completely one-sided. "
"Ha ha, you guy, you have a high vision trained by the Japanese market and don't pay attention to the battlefield of tens of billions of dollars?" Yang Jing joked with a smile.
"Boss, I didn't blow it. I really didn't pay attention to such a small market. There is such a large market in total. If we make every effort, it is estimated that we can impact the economies of those countries to the state before World War II at once..."
Well, you can give 9.8 points if you pretend to be forced!
However, before David and Henry joined KY investment fund more than ten years ago, they manipulated hundreds of millions of dollars in their respective investment banks. As a result, after more than ten years, let alone hundreds of millions of dollars, they couldn't even see tens of billions of dollars.
No wonder, after more than ten years of training in KY investment fund, David, NIAM and Henry are financial giants who control hundreds of billions of dollars, just tens of billions of dollars.
Now they can enter their eye markets, that is, North America, Japan and Europe. The economic volume of Southeast Asia is indeed a little small for them.
"I wanted to have a big meal on the bay island. After all, the bay island also has $80 billion in foreign exchange reserves. As a result, the leaders of the bay island are very interested and directly devalue the Taiwan dollar without resistance. Alas, it is estimated that the guys in Washington can't bear to see the bay island's economy destroyed. After all, the bay island is the most important part of the first island chain, the families in Washington It is impossible for us to allow the Gulf island economy to collapse. "
Yang Jing nodded. David's analysis was really right. Otherwise, it would be impossible to explain why Bay Island, which has $80 billion in foreign exchange reserves, devalued the Taiwan dollar without saying a word? It must have been warned by Washington that they would do so.
what? Didn't they watch the people on the bay island suffer losses?
Hehe, is it none of my business that the common people are damaged? As long as I keep this $80 billion foreign exchange reserve, I can continue to buy weapons from the American godfather, and I can keep my position. Is it none of my business that the Taiwan dollar depreciates and the people suffer?
"Later, the Japanese yen, the Korean won and the ruble also began to depreciate significantly, so I focused on that aspect. Besides, didn't you say that you wouldn't let us participate in the Hong Kong Island last year? So I didn't follow Soros to attack the Hong Kong Island together according to your instructions. Although I didn't participate, I watched the whole process. The war was really ups and downs "Fu ah." David's rare sigh expression is enough to prove the tragedy of the Hong Kong Island defense war.
"Boss, you know I came from Goldman Sachs, so I know the investment methods of investment banks such as Goldman Sachs and Morgan Stanley best. The Japanese market is our home, so Southeast Asia is just an introduction for them. Their main goal is to reap benefits from the so-called 'four little dragons of East Asia' The fundamental purpose of these investment banks. "
"However, the bay island can't move. Just pointing to Singapore and South Korea is not enough to meet the greedy appetite of these investment banks. Therefore, Hong Kong Island is bound to become one of their main goals. Moreover, the situation on Hong Kong Island in the past two years is full of loopholes. No wonder Goldman Sachs wants to resolutely attack Hong Kong Island."
Yang Jing also nodded and sighed, "yes, flies don't bite seamless eggs. The economy of Hong Kong Island is too overheated. This is also the main reason why big investment banks aim at Hong Kong Island."
In fact, before the Asian financial crisis, the economy of Hong Kong Island also fell to the bottom affected by the collapse of Japan's economy. However, after two years of adjustment in 1994 and 1995, it began to rise from the bottom in 1996.
In 1997, the economy of Hong Kong Island developed faster, with growth rates of 5.9%, 6.8% and 6.0% respectively in the first three quarters. Moreover, stimulated by the return factor, the real estate market on Hong Kong Island has also flourished, and the Hang Seng Index has repeatedly reached a new high. It reached a record high of 16673.27 on August 7, 1997, and the stocks of red chip state-owned enterprises are red.
At that time, the bubble of Hong Kong Island stock market and real estate market had reached the last astonishing degree of frenzy. The transfer price of a new building subscription card amounted to 2 million 500 thousand Hong Kong dollars. Any third or fourth tier stock, that is, junk stock, can soar 100% to 200% on the same day as long as the news of being acquired by red chip enterprises comes out.
Such a serious bubble, those investment banks do not stare at Hong Kong Island is strange!
Especially with the sharp depreciation of currencies in Southeast Asian countries, the Hong Kong dollar linked to the US dollar has appreciated significantly. From the empirical point of view, the currency devaluation in emerging investment markets is infectious. Because most emerging market countries have the same export commodity structure, there is the possibility of competitive currency devaluation.
In other words, if the currencies of neighboring countries and regions depreciate significantly, people's exports will be more smooth, and the Hong Kong dollar has remained strong because it is linked to the US dollar, which will put great pressure on the exports of Hong Kong Island and eventually lead to the huge depreciation pressure on the Hong Kong dollar.
Hong Kong dollar is facing such a huge devaluation pressure, coupled with the stock market and real estate bubble, which gives the international speculators a natural advantage. In addition, the Hong Kong Island has just returned, and those guys are eager to dig a piece of meat from the Hong Kong Island!
"From August last year to August 28 this year, the Hong Kong dollar has experienced three major selling frenzies. That is, the big investment banks are preparing for the final decisive battle. They have done a good job in these preparations, and successfully suppressed the Hang Seng Index from more than 16000 points to 6600 points, which also triggered the panic of Hong Kong Island investors. So on that day , they launched the final decisive battle against Hong Kong Island. "
David tilted his mouth and shook his head. "Goldman Sachs has made preparations for more than a year, but it has finally been cheaper for us. Of course, the Hong Kong Island government has also made more than $8 billion, and has finally lived up to the support of the Chinese government and our final admission."
Yang Jing said faintly, "this is called Mantis catching cicadas and yellow finches behind!"
PS: I bow to thank the 100 rewards of "heaven and earth are big, I say it by myself" and "very lazy fish".
Please report us if you find any errors so we can fix it asap!
Also in New York, on the same day, at the KY Investment Fund headquarters, which is only a few blocks away from the Quantum Fund headquarters, David Anderson is reporting to Yang Jing on the gains of Pacific Capital in the Asian financial crisis over the past year.
"Boss, your judgment is correct. If you didn't tell me not to participate in the Hong Kong dollar blocking war last year, Pacific Capital would really be on the blacklist opposite," David said excitedly, "My agent used NYAM's capital transferred from Europe to enter at the last minute to help the Hong Kong Island government defeat several major investment banks, which not only made us gain more than $2 billion in the final decisive battle, but also made us feel good about each other."
Yang Jing smiled, nodded and said, "that's right. David, don't forget that we are just pure speculation. Since it is speculation, don't think so much. Everything is based on interests."
"I know boss, Henry has been laying out across the street all these years. Now, seeing that the economy across the street is getting hotter and hotter, our layout is about to make greater achievements. I can't destroy the overall layout of the company at this critical moment. Besides, Goldman Sachs and Merrill Lynch are too greedy. In the early stage, they were in Southeast Asian countries, Japan, South Korea and even Russia Sri Lanka has reaped a profit of no less than $70 billion, and finally tried to eat the foreign exchange reserves of Hong Kong Island, which is a little too much. Boss, I always remember a Chinese idiom you said, too much is better than less, so they are really wrong this time. The most important thing is that I saw the actions and responsibilities of the Chinese government from the decisive battle ten days ago! In contrast, our federal government is too bad. I didn't see any responsibility and action of our federal government in the stock market disaster ten years ago. "
Yang Jing waved her hand and turned off the topic, saying, "David, don't talk about those high-level things. Talk about the harvest of more than a year."
"OK!" David looked very excited, "We started the layout in 1996, the year before last, and the financial crisis in Thailand broke out as expected as we guessed. As soon as many hedge funds led by Soros's Quantum Fund and Robertson's Tiger Fund were in trouble in Thailand, we immediately followed up. However, in advance, given that the foreign exchange reserves of Southeast Asian countries were not very large, we invested The amount of funds is not large. After all, our main battlefield is still Japan. "
"Then in more than a year, we reaped a total net profit of US $34 billion on the Thai baht, Indonesian rupiah, Philippine Peso, Malaysian won, Singapore dollar, Taiwan dollar, Korean won and ruble, including the depreciating Japanese yen. However, we have many agents, which are scattered and not noticed. I'm afraid Soros and Robertson won't expect us to enter."
Yang Jing nodded and praised, "that's what we should do. Stealing food in other people's mouths will be hated, so as long as we have this condition, we try not to expose ourselves."
"Don't worry, boss. During the Asian financial crisis, Pacific Capital has more than 110 agents. Each agent only controls the amount of funds of US $1.2 billion to US $3.4 billion. Most of these agents are mainly in Europe. The main capital flows are through our banks and UBS, so I can't catch me simply from the capital flow These agents seem to be ordinary European small and medium-sized investment institutions. Don't worry about us being discovered. "
Yang Jing nodded. With David's experience and means, it's really nothing to integrate such agents into the huge international hot money. You know, in 1997, there were more than 3500 hedge funds in the United States alone, and more than 2000 but less than 3000 hedge funds in Europe. It's really like mixing hundreds of agents in so many hedge funds Pour a glass of water into a lake.
Unless we can master the capital flow and source of these agents, it is absolutely impossible for the outside world to find out the true identity of these agents.
Although this will increase the cost, compared with security and huge benefits, this increase in cost is nothing at all.
"Boss, the financial systems of those small countries in South Asia are really rotten. They will collapse directly when they charge. Our funds are completely dispersed, so we are not prominent, and we have been following Soros and those big investment banks, so we can see the fight between the big investment banks in front and the local government while reaping profits. Ha ha To be honest, although it seems very fierce, it really doesn't mean much. Compared with these investment banks, the governments of those countries are not at the same level at all. They are completely one-sided. "
"Ha ha, you guy, you have a high vision trained by the Japanese market and don't pay attention to the battlefield of tens of billions of dollars?" Yang Jing joked with a smile.
"Boss, I didn't blow it. I really didn't pay attention to such a small market. There is such a large market in total. If we make every effort, it is estimated that we can impact the economies of those countries to the state before World War II at once..."
Well, you can give 9.8 points if you pretend to be forced!
However, before David and Henry joined KY investment fund more than ten years ago, they manipulated hundreds of millions of dollars in their respective investment banks. As a result, after more than ten years, let alone hundreds of millions of dollars, they couldn't even see tens of billions of dollars.
No wonder, after more than ten years of training in KY investment fund, David, NIAM and Henry are financial giants who control hundreds of billions of dollars, just tens of billions of dollars.
Now they can enter their eye markets, that is, North America, Japan and Europe. The economic volume of Southeast Asia is indeed a little small for them.
"I wanted to have a big meal on the bay island. After all, the bay island also has $80 billion in foreign exchange reserves. As a result, the leaders of the bay island are very interested and directly devalue the Taiwan dollar without resistance. Alas, it is estimated that the guys in Washington can't bear to see the bay island's economy destroyed. After all, the bay island is the most important part of the first island chain, the families in Washington It is impossible for us to allow the Gulf island economy to collapse. "
Yang Jing nodded. David's analysis was really right. Otherwise, it would be impossible to explain why Bay Island, which has $80 billion in foreign exchange reserves, devalued the Taiwan dollar without saying a word? It must have been warned by Washington that they would do so.
what? Didn't they watch the people on the bay island suffer losses?
Hehe, is it none of my business that the common people are damaged? As long as I keep this $80 billion foreign exchange reserve, I can continue to buy weapons from the American godfather, and I can keep my position. Is it none of my business that the Taiwan dollar depreciates and the people suffer?
"Later, the Japanese yen, the Korean won and the ruble also began to depreciate significantly, so I focused on that aspect. Besides, didn't you say that you wouldn't let us participate in the Hong Kong Island last year? So I didn't follow Soros to attack the Hong Kong Island together according to your instructions. Although I didn't participate, I watched the whole process. The war was really ups and downs "Fu ah." David's rare sigh expression is enough to prove the tragedy of the Hong Kong Island defense war.
"Boss, you know I came from Goldman Sachs, so I know the investment methods of investment banks such as Goldman Sachs and Morgan Stanley best. The Japanese market is our home, so Southeast Asia is just an introduction for them. Their main goal is to reap benefits from the so-called 'four little dragons of East Asia' The fundamental purpose of these investment banks. "
"However, the bay island can't move. Just pointing to Singapore and South Korea is not enough to meet the greedy appetite of these investment banks. Therefore, Hong Kong Island is bound to become one of their main goals. Moreover, the situation on Hong Kong Island in the past two years is full of loopholes. No wonder Goldman Sachs wants to resolutely attack Hong Kong Island."
Yang Jing also nodded and sighed, "yes, flies don't bite seamless eggs. The economy of Hong Kong Island is too overheated. This is also the main reason why big investment banks aim at Hong Kong Island."
In fact, before the Asian financial crisis, the economy of Hong Kong Island also fell to the bottom affected by the collapse of Japan's economy. However, after two years of adjustment in 1994 and 1995, it began to rise from the bottom in 1996.
In 1997, the economy of Hong Kong Island developed faster, with growth rates of 5.9%, 6.8% and 6.0% respectively in the first three quarters. Moreover, stimulated by the return factor, the real estate market on Hong Kong Island has also flourished, and the Hang Seng Index has repeatedly reached a new high. It reached a record high of 16673.27 on August 7, 1997, and the stocks of red chip state-owned enterprises are red.
At that time, the bubble of Hong Kong Island stock market and real estate market had reached the last astonishing degree of frenzy. The transfer price of a new building subscription card amounted to 2 million 500 thousand Hong Kong dollars. Any third or fourth tier stock, that is, junk stock, can soar 100% to 200% on the same day as long as the news of being acquired by red chip enterprises comes out.
Such a serious bubble, those investment banks do not stare at Hong Kong Island is strange!
Especially with the sharp depreciation of currencies in Southeast Asian countries, the Hong Kong dollar linked to the US dollar has appreciated significantly. From the empirical point of view, the currency devaluation in emerging investment markets is infectious. Because most emerging market countries have the same export commodity structure, there is the possibility of competitive currency devaluation.
In other words, if the currencies of neighboring countries and regions depreciate significantly, people's exports will be more smooth, and the Hong Kong dollar has remained strong because it is linked to the US dollar, which will put great pressure on the exports of Hong Kong Island and eventually lead to the huge depreciation pressure on the Hong Kong dollar.
Hong Kong dollar is facing such a huge devaluation pressure, coupled with the stock market and real estate bubble, which gives the international speculators a natural advantage. In addition, the Hong Kong Island has just returned, and those guys are eager to dig a piece of meat from the Hong Kong Island!
"From August last year to August 28 this year, the Hong Kong dollar has experienced three major selling frenzies. That is, the big investment banks are preparing for the final decisive battle. They have done a good job in these preparations, and successfully suppressed the Hang Seng Index from more than 16000 points to 6600 points, which also triggered the panic of Hong Kong Island investors. So on that day , they launched the final decisive battle against Hong Kong Island. "
David tilted his mouth and shook his head. "Goldman Sachs has made preparations for more than a year, but it has finally been cheaper for us. Of course, the Hong Kong Island government has also made more than $8 billion, and has finally lived up to the support of the Chinese government and our final admission."
Yang Jing said faintly, "this is called Mantis catching cicadas and yellow finches behind!"
PS: I bow to thank the 100 rewards of "heaven and earth are big, I say it by myself" and "very lazy fish".
Also in New York, on the same day, at the KY Investment Fund headquarters, which is only a few blocks away from the Quantum Fund headquarters, David Anderson is reporting to Yang Jing on the gains of Pacific Capital in the Asian financial crisis over the past year."Boss, your judgment is correct. If you didn't tell me not to participate in the Hong Kong dollar blocking war last year, Pacific Capital would really be on the blacklist opposite," David said excitedly, "My agent used NYAM's capital transferred from Europe to enter at the last minute to help the Hong Kong Island government defeat several major investment banks, which not only made us gain more than $2 billion in the final decisive battle, but also made us feel good about each other."Yang Jing smiled, nodded and said, "that's right. David, don't forget that we are just pure speculation. Since it is speculation, don't think so much. Everything is based on interests.""I know boss, Henry has been laying out across the street all these years. Now, seeing that the economy across the street is getting hotter and hotter, our layout is about to make greater achievements. I can't destroy the overall layout of the company at this critical moment. Besides, Goldman Sachs and Merrill Lynch are too greedy. In the early stage, they were in Southeast Asian countries, Japan, South Korea and even Russia Sri Lanka has reaped a profit of no less than $70 billion, and finally tried to eat the foreign exchange reserves of Hong Kong Island, which is a little too much. Boss, I always remember a Chinese idiom you said, too much is better than less, so they are really wrong this time. The most important thing is that I saw the actions and responsibilities of the Chinese government from the decisive battle ten days ago! In contrast, our federal government is too bad. I didn't see any responsibility and action of our federal government in the stock market disaster ten years ago. "Yang Jing waved her hand and turned off the topic, saying, "David, don't talk about those high-level things. Talk about the harvest of more than a year.""OK!" David looked very excited, "We started the layout in 1996, the year before last, and the financial crisis in Thailand broke out as expected as we guessed. As soon as many hedge funds led by Soros's Quantum Fund and Robertson's Tiger Fund were in trouble in Thailand, we immediately followed up. However, in advance, given that the foreign exchange reserves of Southeast Asian countries were not very large, we invested The amount of funds is not large. After all, our main battlefield is still Japan. ""Then in more than a year, we reaped a total net profit of US $34 billion on the Thai baht, Indonesian rupiah, Philippine Peso, Malaysian won, Singapore dollar, Taiwan dollar, Korean won and ruble, including the depreciating Japanese yen. However, we have many agents, which are scattered and not noticed. I'm afraid Soros and Robertson won't expect us to enter."Yang Jing nodded and praised, "that's what we should do. Stealing food in other people's mouths will be hated, so as long as we have this condition, we try not to expose ourselves.""Don't worry, boss. During the Asian financial crisis, Pacific Capital has more than 110 agents. Each agent only controls the amount of funds of US $1.2 billion to US $3.4 billion. Most of these agents are mainly in Europe. The main capital flows are through our banks and UBS, so I can't catch me simply from the capital flow These agents seem to be ordinary European small and medium-sized investment institutions. Don't worry about us being discovered. "Yang Jing nodded. With David's experience and means, it's really nothing to integrate such agents into the huge international hot money. You know, in 1997, there were more than 3500 hedge funds in the United States alone, and more than 2000 but less than 3000 hedge funds in Europe. It's really like mixing hundreds of agents in so many hedge funds Pour a glass of water into a lake.Unless we can master the capital flow and source of these agents, it is absolutely impossible for the outside world to find out the true identity of these agents.Although this will increase the cost, compared with security and huge benefits, this increase in cost is nothing at all."Boss, the financial systems of those small countries in South Asia are really rotten. They will collapse directly when they charge. Our funds are completely dispersed, so we are not prominent, and we have been following Soros and those big investment banks, so we can see the fight between the big investment banks in front and the local government while reaping profits. Ha ha To be honest, although it seems very fierce, it really doesn't mean much. Compared with these investment banks, the governments of those countries are not at the same level at all. They are completely one-sided. ""Ha ha, you guy, you have a high vision trained by the Japanese market and don't pay attention to the battlefield of tens of billions of dollars?" Yang Jing joked with a smile."Boss, I didn't blow it. I really didn't pay attention to such a small market. There is such a large market in total. If we make every effort, it is estimated that we can impact the economies of those countries to the state before World War II at once..."Well, you can give 9.8 points if you pretend to be forced!However, before David and Henry joined KY investment fund more than ten years ago, they manipulated hundreds of millions of dollars in their respective investment banks. As a result, after more than ten years, let alone hundreds of millions of dollars, they couldn't even see tens of billions of dollars.No wonder, after more than ten years of training in KY investment fund, David, NIAM and Henry are financial giants who control hundreds of billions of dollars, just tens of billions of dollars.Now they can enter their eye markets, that is, North America, Japan and Europe. The economic volume of Southeast Asia is indeed a little small for them."I wanted to have a big meal on the bay island. After all, the bay island also has $80 billion in foreign exchange reserves. As a result, the leaders of the bay island are very interested and directly devalue the Taiwan dollar without resistance. Alas, it is estimated that the guys in Washington can't bear to see the bay island's economy destroyed. After all, the bay island is the most important part of the first island chain, the families in Washington It is impossible for us to allow the Gulf island economy to collapse. "Yang Jing nodded. David's analysis was really right. Otherwise, it would be impossible to explain why Bay Island, which has $80 billion in foreign exchange reserves, devalued the Taiwan dollar without saying a word? It must have been warned by Washington that they would do so.what? Didn't they watch the people on the bay island suffer losses?Hehe, is it none of my business that the common people are damaged? As long as I keep this $80 billion foreign exchange reserve, I can continue to buy weapons from the American godfather, and I can keep my position. Is it none of my business that the Taiwan dollar depreciates and the people suffer?"Later, the Japanese yen, the Korean won and the ruble also began to depreciate significantly, so I focused on that aspect. Besides, didn't you say that you wouldn't let us participate in the Hong Kong Island last year? So I didn't follow Soros to attack the Hong Kong Island together according to your instructions. Although I didn't participate, I watched the whole process. The war was really ups and downs "Fu ah." David's rare sigh expression is enough to prove the tragedy of the Hong Kong Island defense war."Boss, you know I came from Goldman Sachs, so I know the investment methods of investment banks such as Goldman Sachs and Morgan Stanley best. The Japanese market is our home, so Southeast Asia is just an introduction for them. Their main goal is to reap benefits from the so-called 'four little dragons of East Asia' The fundamental purpose of these investment banks. ""However, the bay island can't move. Just pointing to Singapore and South Korea is not enough to meet the greedy appetite of these investment banks. Therefore, Hong Kong Island is bound to become one of their main goals. Moreover, the situation on Hong Kong Island in the past two years is full of loopholes. No wonder Goldman Sachs wants to resolutely attack Hong Kong Island."Yang Jing also nodded and sighed, "yes, flies don't bite seamless eggs. The economy of Hong Kong Island is too overheated. This is also the main reason why big investment banks aim at Hong Kong Island."In fact, before the Asian financial crisis, the economy of Hong Kong Island also fell to the bottom affected by the collapse of Japan's economy. However, after two years of adjustment in 1994 and 1995, it began to rise from the bottom in 1996.In 1997, the economy of Hong Kong Island developed faster, with growth rates of 5.9%, 6.8% and 6.0% respectively in the first three quarters. Moreover, stimulated by the return factor, the real estate market on Hong Kong Island has also flourished, and the Hang Seng Index has repeatedly reached a new high. It reached a record high of 16673.27 on August 7, 1997, and the stocks of red chip state-owned enterprises are red.At that time, the bubble of Hong Kong Island stock market and real estate market had reached the last astonishing degree of frenzy. The transfer price of a new building subscription card amounted to 2 million 500 thousand Hong Kong dollars. Any third or fourth tier stock, that is, junk stock, can soar 100% to 200% on the same day as long as the news of being acquired by red chip enterprises comes out.Such a serious bubble, those investment banks do not stare at Hong Kong Island is strange!Especially with the sharp depreciation of currencies in Southeast Asian countries, the Hong Kong dollar linked to the US dollar has appreciated significantly. From the empirical point of view, the currency devaluation in emerging investment markets is infectious. Because most emerging market countries have the same export commodity structure, there is the possibility of competitive currency devaluation.In other words, if the currencies of neighboring countries and regions depreciate significantly, people's exports will be more smooth, and the Hong Kong dollar has remained strong because it is linked to the US dollar, which will put great pressure on the exports of Hong Kong Island and eventually lead to the huge depreciation pressure on the Hong Kong dollar.Hong Kong dollar is facing such a huge devaluation pressure, coupled with the stock market and real estate bubble, which gives the international speculators a natural advantage. In addition, the Hong Kong Island has just returned, and those guys are eager to dig a piece of meat from the Hong Kong Island!"From August last year to August 28 this year, the Hong Kong dollar has experienced three major selling frenzies. That is, the big investment banks are preparing for the final decisive battle. They have done a good job in these preparations, and successfully suppressed the Hang Seng Index from more than 16000 points to 6600 points, which also triggered the panic of Hong Kong Island investors. So on that day , they launched the final decisive battle against Hong Kong Island. "David tilted his mouth and shook his head. "Goldman Sachs has made preparations for more than a year, but it has finally been cheaper for us. Of course, the Hong Kong Island government has also made more than $8 billion, and has finally lived up to the support of the Chinese government and our final admission."Yang Jing said faintly, "this is called Mantis catching cicadas and yellow finches behind!"PS: I bow to thank the 100 rewards of "heaven and earth are big, I say it by myself" and "very lazy fish".
