Hong Kong Comprehensive World Champion - Chapter 822

Early August 1997.

The Thai government’s abandonment of the Thai baht exchange rate caused the Thai baht to fall by more than 20%, and the government was hit by the people.

In Thailand’s capital Bangkok, important cities Chiang Mai, Chiang Rai and other areas, there have been successive turbulent demonstrations.

In total, more than 100,000 people participated in the demonstrations, and more than 1,000 people were killed or injured.

The Thai regime changed, and the prime minister took the lead to resign and step down.

The economic impact will never be limited to the economy. The anger after the loss of national wealth will be concealed by the sound of gunshots and the blood on the ground.

Mid-August 1997.

Under the influence of the fluctuation of the Thai baht, the Philippine “peso”, the Indonesian rupiah, and the Malaysian “ringgit” have successively become targets of attacks by international speculators.

On August 13, the Malaysian government announced that it would abandon its efforts to defend the “ringgit” and change the “ringgit” to a “floating exchange rate system”, leaving the national currency exchange rate to the free market for decision.

This is “surrender”.

That day! Bank Negara Malaysia declared bankruptcy, many large companies entered into reorganization, tens of thousands of employees went home on vacation, and the Malaysian financial market fell!

Western capital earned Malaysia’s foreign exchange reserves of more than 30 billion U.S. dollars that year, sweeping away the many years of hard work of the Malaysian people and the country’s many years of economic development.

Wei Hang earned back 800 million US dollars in Malaysia.

Subsequently, the Philippine peso fell sharply, the Indonesian rupiah fell sharply, and the Singapore dollar fell sharply…

South Korean Won, Japanese Yen, Hong Kong Island,

The Asian financial market is about to come.

After Western capital took the lead in sweeping through a number of small countries in Southeast Asia, it finally began to target the “old Asian powers” with fat and fat and the “Four Asian Dragons”.

“Singapore” took the lead out of the four Asian dragons, and Nishima squeezed onto the table under the name of an “old country” to make up for the position of the Asian four dragons.

The four Asian dragons, who have always been known as “economic take-offs”, are like the main dishes cooked one after another…

Just served!

Western capital is like a fat pig that just finished the pre-meal, with its mouth full of slaws, stuffing a napkin to its chest, showing greed, holding a knife and fork and staring at the main dishes…

At the same time, South Korea established the “Banking Policy Group”, Japan established the “Foreign Exchange Crisis Section”, Taiwan Island established the “Economic Control Department”, and Hong Kong Island established the “Crisis Steering Group”.

The entire Asian financial market has stirred up Western capital and international hot money in a miasma, turbulent, like a dark cloud over the city, and a storm is about to come!

With a strong national system, sound financial barriers, and military strength, the motherland is independent of the market and is as stable as Mount Tai!

In September 1997, the Taiwanese authorities took the lead to abandon the Taiwan dollar exchange rate, and one of the four Asian dragons took the lead on the street.

Since then, Taiwan’s economy has no longer been rising, relying on only a limited number of companies to support international trade.

More than a decade later, the economically developed island of Taiwan was reduced to an urban-rural junction. This is the involuntary end of the economy and the military relying on the great powers! Can only become the leek of the great powers and let you fly? That just makes you “fat”.

On October 17, 1997, the exchange rate of the Korean Won to the U.S. dollar fell to a record high of 1008. There were many collaborators and arrogant people in the South Korean government. Faintly, arrest the next batch of “true” patriotic talents.

On October 21, 1997, the South Korean government asked the “International Monetary Fund” for help, obtaining help from the “International Monetary Fund” by collateralizing state-owned assets, industries, interest rates, currency rights, etc., relying on the hundreds of billions provided by the “Monetary Fund” The US dollar and foreign exchange have temporarily controlled the expansion of the crisis.

On December 13, the exchange rate of the Korean won against the U.S. dollar fell to 1737.60. The National Bank of Korea “bankrupted” and economic development was once stagnant. The government had to sell its “economic autonomy” to pay compensation to Western capital countries.

So far, South Korea has not only controlled its “military command power” by the West, but has also lost its “economic power autonomy.”

In exchange for South Korea’s future needs and prosperity by selling out its sovereignty. This is why the Korean economy will look good.

In the same month, the Japanese foreign exchange market fell severely. A series of banks and securities companies went bankrupt. The Southeast Asian financial crisis turned into an Asian financial crisis. The economies of Malaysia, Indonesia, Singapore and other countries continued to decline, and the crisis spread until 1998.

Yalong’s “Four Little Dragons” only survived the financial crisis on Hong Kong Island while maintaining its sovereignty, and allowed Hong Kong Island’s economy to continue its upward trend… and did not accept the terms, assistance, or betrayal of any benefits from the International Monetary Organization.

This makes the “Asian Four Little Dragons” a historical term, and a period of false prosperity has come to an end. Only the motherland’s trade window, the international financial free port, and the Asian international financial center stand in the east.

Wei Hang, Luo Minsheng and Fang Zhanbo.

During the crisis, they have repeatedly taken actions, making huge profits in markets such as Malay, Indonesia, Taiwan, and the Korean won, with a profit of tens of billions of dollars!

Fight a beautiful offensive and defensive battle!

Members of the Landlord Association such as Sima Xiang and Huang Shitong led public opinion on Hong Kong Island, raised funds, firmly defended the Hong Kong market and resisted hot money attacks.

Turn crisis into opportunity!

The Hong Kong city is about to launch a counterattack against the US city…

At this time, the 1997 Asian financial crisis has not yet ended, Western capital has just sounded the clarion call to attack Hong Kong Island, and the wonderful counter-offensive war in Hong Kong has not yet begun.

On August 3, the Hong Kong Island Crisis Steering Group released the “Financial Market Guidance Report”. The report stated that the Hong Kong Island market has sufficient foreign exchange reserves and advocated that citizens/capital have absolute confidence in the Hong Kong Island market.

At the same time, the report stated that the Hong Kong Island government will adhere to the principle of free marketism and ensure the purity of the international financial port, hoping to boost the confidence of all parties’ capital in Hong Kong Island.

On the same day, international speculators hurriedly dumped 10 billion Hong Kong dollars in selling funds and announced that they had officially hit the market!

“Damn! Puff!” Police Department, General Administration, Zhuang Shikai, wearing a uniform, slammed a fist on the office desk, and shouted indignantly: “The enemy is in the HKMA!”

The pen on the office desk jumped up, and his eyebrows were raised, showing anger in his heart.

Sima Xiang, wearing a suit, stood in the office of the big boss, and exclaimed: “Director, the steering group is not showing the way to Hong Kong, but to Western capital.”

“Adhering to market liberalism is not telling the capital of Hong Kong Island clearly that the Hong Kong government is not bailing out the market? We must let Western capital have a good time?”

The direction of the government does not necessarily represent the direction of the market, but it will definitely have a huge impact on the direction of the market.

Hong Kong Island Capital used to continuously release good news to the market. For example, Hong Kong Island capital had a large number of Hong Kong dollar orders on hand, the government had a large amount of foreign exchange reserves, and the country would rescue the market. This once stabilized the cornerstone of the Hong Kong Island market.

As long as the government releases a wave of favorable policies and then rescues the market step by step, the market on Hong Kong Island will be as firm as a rock!

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But right now the government is holding high the banner of “free market” and sending a wave of bad news to the Hong Kong market, which immediately caused information chaos and spiritual separation in the Hong Kong stock market…

Does the government rescue the market or not?

“The Financial Secretary has a problem.” Zhuang Shikai calmed down, picked up the desk pen, and gently pinched the cap to preach.

“Is it the issue of the Monetary Authority, the Ministry of Development and the Ministry of Economic Affairs?” Sima Xiang said aloud.

Zhuang Shikai replied calmly and calmly: “I will send someone to investigate. However, no matter whether there is evidence or not, I must let the HKMA correct the chaos and give confidence to the Hong Kong stock market.”

“We have done so much preparation, we must not let the enemy be defeated from within! Understand?”

“Yes! Big boss.” Simaxiang preached with firm eyes.

At the close of the market, the Hang Seng Index hit 500 points and dropped to the 10,000-point mark. The whole Hong Kong was full of turmoil, panic sentiment increased, bad news in the securities market was flying all over the sky, speculators trumpeted that the RM currency would depreciate by 10%, and promoted the instability of mainland banks. , To create psychological conditions for it to attack the Hong Kong dollar.

Overseas funds even offered the option of decoupling Hong Kong’s linked exchange rate on August 12, 1998. Speculators took the opportunity to spread rumors, threatening that “the Hong Kong dollar is about to decouple from the US dollar and depreciate by 40%” and that “the Hang Seng Index will fall to 4000 points”. Try to disturb people’s hearts, create a state of chaos, and take the opportunity to fish in troubled waters.

…

“Sir Zeng, do you have time to chat?” That day, evening.

“Da da da da.” Zeng Jinsong, the “President” of the Monetary Authority, just stepped down the steps of the office building’s gate, put his suit together, bent over, and got ready to get into the car.

Suddenly, the car door was firmly grasped by one hand.

“President! President!” The two deputies in the car turned their heads and cried out in surprise while holding their laptops.

I saw Zhuang Shikai wearing a majestic white uniform~www.mtlnovel.com~ his eyes swept across the car: “Make time?”

Zeng Jinsong raised his head, his face changed slightly: “Brother Yi.”

“You dare to take a step back! I’ll go to the headquarters for coffee!” Zhuang Shikai stared sharply at Zeng Jinsong, his tone beyond doubt.

A dozen security police officers in black suits stood behind the vehicle, staring at the motorcade of the president of the Monetary Authority. Every officer was full of murderous aura.

That night, the “Crisis Affairs Division of the HKMA” was established.

Major mainstream media, financial newspapers, and news programs, mainly based on Hong Kong Island’s Patriotic Capital, completely cut off reports on the “Financial Crisis Steering Group.”

The “Crisis Affairs Division” began to replace the “Crisis Steering Group” with the qualifications of upholding national interests to release the latest financial policies to citizens.

This wave of “right to speak” and “position” changes were almost completed silently.

The next day, in the morning.

After the Hong Kong stock market opened, international speculators placed another 20 billion Hong Kong dollar foreign exchange sell orders within two and a half hours. The Monetary Authority reversed the passive approach of the past few days and directly used foreign exchange reserves to enter the market outrageously, dragging down the international exchange rate of Hong Kong Island in one fell swoop. The Hong Kong dollar/US dollar exchange rate is maintained at 7.75 to 1.

The Hong Kong government officially faces the financial defense war!

For a time, the whole Hong Kong was in an uproar! regain confidence!

The voices of Hong Kong Island Capital and the Hong Kong Island Government are no longer separated. The “government rescue” action turned the policy into a consensus. The confidence of the Hong Kong Island market rose that day, and the Hang Seng Index rose by 100 points.

…

“From now on, the HKMA’s caliber must be consistent with me! The government rescues the market is the most effective and most direct way! Immediately form a new steering group separately.” Last night, Central, coffee shop.

Zhuang Shikai lifted Erlang’s legs, touched the coffee cup, and leaned over to preach with a decisive tone.