Happy Tycoon

Yang Jing looked at David Anderson, then shook his head and said: "David, you should know that our future development focus will be on the other side of the Pacific. If we also take action on Hong Kong Island, then you can say whether the opposite side will get stuck. Our neck?"

David simply nodded: "BOSS, if I am the opposite, I promise to prohibit all KY investment funds from entering my country. That's why I have been hesitant to not agree to Soros and Robertson's request. "

"That's right. David, you are an excellent investor. You have a strategic investment vision. Presumably you can also see the huge energy that is now bursting out from the country across the Pacific. Yes, they are indeed still paying We are not rich, but we can’t just look at the present, we have to look a little longer, for example, ten years from now, twenty years from now!"

David smiled, "Boss, I just feel a little unwilling. If we can take advantage of this opportunity to circle the foreign exchange reserves on the other side, the profit of our battle will be at least 70 billion. More than US dollars."

"Hehe, but this little money and the future layout on the opposite side of the ocean, it is nothing. David, in terms of your age, you can see that the opposite country re-emerges, and that country will Grow into an awesome country. Listen to me, don’t mix with those guys this time, we don’t lack that little money."

"BOSS, can that country really grow to that point? Is it better than the Federation?"

"Yes!" Yang Jing nodded very affirmatively, "I think that in 30 years, China's economic aggregate will surpass the Federation, and not only the economic aggregate, that country is not weaker than the Federation in terms of military affairs. I'm also sure that China will have its own aircraft carrier formation within 20 years! So, don't underestimate that country, we must look at that country with awe."

"Can they develop so fast?" David asked in disbelief.

"Facts speak louder than words! What I say now, you will definitely not believe it until you see it with your own eyes, but I believe in that country. So, David, no matter how you think about it this time, Pacific Capital should not participate in the search. Rose’s plan. We only need to get our profits in the markets of those countries in Southeast Asia, Japan and South Korea."

After a pause, Yang Jing continued: "Even when necessary, arrange for an agency fund to go out and help Hong Kong Island against Soros and the others in the name of that fund."

"Ah? Why do we do this? If we do this, once the news leaks out, we will immediately become Soros's enemies."

"Enemy? Haha...David, don't take them so big! Don't talk about KY investment funds, even if it is the power of Pacific Capital, do you think Soros or Robertson is qualified to be our enemy Do you look down on us too much!"

Yang Jing's words are absolutely domineering, but they are definitely not exaggerated!

After Japan has continuously harvested huge profits in the Japanese market, Pacific Capital has now grown into a behemoth. Although this behemoth is rarely known to outsiders, as the CEO of Pacific Capital, David Anderson knows the most about Pacific Capital.

At present, the cash controlled by Pacific Capital alone is as high as more than 300 billion US dollars. As for the assets controlled by Pacific Capital, it is even larger.

If we have to use an exact figure to reflect the current total capital of Pacific Capital, then this figure has exceeded one trillion US dollars!

Such a behemoth, let alone the Quantum Fund with only six billion US dollars and the Tiger Fund with 11 billion US dollars at present, even if they are tied together, they will not be able to keep up with the small toe of Pacific Capital!

It is no exaggeration to say that if the current Pacific Capital emerges, it will be a properly large consortium! Little Quantum Fund and Tiger Fund are not qualified to become enemies of Pacific Capital at all!

The Quantum Fund and the Tiger Fund are certainly well-known, but in front of the prehistoric mammoth of Pacific Capital, they are just two famous ants, and Pacific Capital can still crush them easily!

David froze for a moment, then scratched his head and smiled embarrassedly, "Yes, BOSS, they don't even have the qualifications to be our enemies, why should I care about them?"

"Haha, this is my good David!" Yang Jing smiled and applauded to express encouragement. "Go, reap the profits that belong to us in East Asia, ignore the clamor of the two guys, they can't! Also, who said that we can only follow them to make money? If Soros and the others have a crisis, We can completely turn around and swallow their profits. Who are we? Don't forget that we are Pacific Capital! We are the real masters of this gluttonous feast!"

"I understand the boss. But I will still be very careful. I will not let others know that we will send an agent to deal with them. After all, one less enemy is better than one more enemy."

"Well, you can just take care of this matter! Find a few more agents and don't expose us as the best. Also, pay more attention to South Korea and Russia. If necessary, you can talk to Niam Discuss it and see if another layer of grease is scraped from that bear."

"I understand the boss, I will do it now."

Seeing David Anderson turned and walked out, Yang Jing nodded in satisfaction.

The financial crisis that broke out in mid-1997 and spread to the entire East Asia and half of Eastern Europe is a feast for hot money around the world. Under the leadership of Soros, these international hot money did make a lot of profits in the early stage. However, in addition to some clear-headed international hot money, there are also many international hot money that followed Soros on Hong Kong Island. All the profits earned by countries have been spit out, and their original funds have also suffered considerable losses.

No one would have thought that the Quantum Fund, which is gaining momentum, and those international hot money would meet such an end!

Therefore, the famous saying "Never underestimate any opponent in the financial market" was once again verified in this financial crisis.

In fact, the Southeast Asian financial crisis has already begun a long time ago. As early as after the Mexican financial crisis in December 1994, some economists pointed out that a financial crisis might occur in Southeast Asia. The Massachusetts Institute of Technology professor Krugman once pointed out that the East Asian miracle did not come from the growth of total production capacity. It is due to excessive investment, excessive investment, excessive capital inflow, and excessive artificial capital output. The so-called "economic miracle" formed under this model will not last long.

In September 1995, Professor Liu Zunyi of Stanford University in the United States and Goldstein, an economist of the International Monetary Fund in August 1996, pointed out that Thailand, the Philippines, Malaysia, and Indonesia may have financial crises.

These financial experts can see the signs of a financial crisis, not to mention guys like Soros and Roberts who are more expert than financial experts.

Of course, they can see the loopholes hidden in the financial systems of Southeast Asian countries.

Especially in Thailand, such loopholes and signs of crisis are more obvious.

Although Thailand has a lot of foreign exchange reserves, it also has a lot of foreign debt. However, nearly 60% of Thailand's foreign debts are in Japanese Yen. However, Thailand pursues a financial policy of **** the Thai baht to the U.S. dollar. In the past, when the yen appreciated, this contradiction in Thailand could not be highlighted, but after April 1995, when the yen's appreciation reached its peak and then began to depreciate, this contradiction immediately became apparent.

Because the Thai baht is linked to the U.S. dollar, the strength of the U.S. dollar represents the strength of the Thai baht. However, more than half of Thailand's foreign debts are in Japanese yen. As soon as the Japanese yen depreciates, Thailand can no longer stand it.

Under such circumstances, the international hot money headed by Soros was immediately like a shark smelling blood, coming towards Thailand.

In fact, the speculative action against the Thai baht is the same as that used by Leo Vanta to emptied the legacy of the former Soviet Union.

Simply put, it is divided into three steps!

The first step is to borrow the Thai baht at the current Thai baht interest rate; the second step is to sell the Thai baht in the spot exchange market and exchange it into US dollars; the third step is to lend the exchanged US dollars at the US dollar interest rate.

After completing these three steps, once the Thai baht depreciates or the interest rate differential between the Thai baht and the US dollar widens, speculators will profit.

Among them, the most difficult thing to accomplish is how to minimize the exchange rate of the Thai baht, that is, how to devalue the Thai baht.

For a single hedge fund, it is obviously impossible to smash the Thai baht to the floor in front of the Thai government, which has 30 billion US dollars of foreign exchange reserves, especially when Thailand and Singapore joined forces at the time.

But when the capital of international hot money reaches a certain level, for example, it exceeds Thailand's foreign exchange reserves, then the practice of smashing the Thai baht to the floor, which was originally impossible or difficult to achieve, immediately becomes a breeze.

In May 1997, international currency speculators, mainly hedge funds and multinational banks, began to short-sell the baht. Hedge funds shorted the forward exchange rate of the baht in the futures market, while multinational banks sold the baht in the spot market. Numerous hedge funds and multinational banks smashed the Thai baht together. Even if the Thai government and the Singapore government joined forces at the time, they still resisted for a short period of time.

In the beginning, the Bank of Thailand and the Bank of Singapore joined forces to intervene in the market and adopted a series of measures, including using US$12 billion in foreign exchange reserves to absorb the Thai baht, prohibiting local banks from lending the Thai baht to speculators, and substantially increasing interest rates to increase the borrowing cost of speculators’ funds. And other means.

However, attacks on the exchange rate of the Thai baht came like waves. Currency speculators sold the Thai baht wildly, and the forward exchange rate of the Thai baht to the US dollar repeatedly hit new lows. On June 19, 1997, Finance Minister Iray Willawan, who resolutely opposed the devaluation of the Thai baht, resigned. Concerned about the depreciation of the exchange rate, the interest rate of the Thai baht soared, the stock market and the real estate market plummeted, and the whole of Thailand was shrouded in panic.

On July 2nd ~www.readwn.com~ After exhausting US$30 billion of foreign exchange reserves, the Bank of Thailand announced that it would abandon the 13-year-old Thai baht and US dollar exchange rate system and implement a floating exchange rate system. On that day, the Thai baht exchange rate plummeted by 20%. Thus the Asian financial crisis officially began.

Starting from Thailand, the currencies of Malaysia, the Philippines, and Singapore have all fallen, especially when the Gulf Island, which has 80 billion US dollars of foreign exchange reserves, also unresponsibly announced the devaluation of the new Taiwan dollar, the panic caused by this crisis has become even greater. .

Soros have tasted great sweetness in Southeast Asian countries, and then when they face the fat of Hong Kong Island, how can they bear it?

As a result, Soros underestimated China's determination to support Hong Kong Island. These international hot money giants came with strong confidence, but in the end they left in disgrace.

Of course, Yang Jing will not participate in the attack on Hong Kong Island. On the contrary, he will let David secretly find an agent to assist China and Hong Kong Island when necessary, and then severely scrape from Soros. Here comes the next layer of grease!

PS: Bow and thank "Very Lazy Fish" 100 for the reward.