Chapter 829

In early August 1997.

The Thai government's abandonment of the Thai baht exchange rate led to a decline of more than 20% in the Thai baht, and the government suffered a shock from the people.

Successive turbulent demonstrations broke out in the Thai capital Bangkok, important cities Chiang Mai and Chiang Rai.

In total, more than 100000 people participated in the demonstrations, with more than 1000 dead and injured.

The Thai regime changed, and the prime minister took the lead in resigning and stepping down.

The economic impact is always more than the economy. The anger after the loss of national wealth will be covered by the sound of bullets 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 become the targets of international speculators.

On August 13, the Malaysian government announced that it would give up its efforts to defend the "ringgit" and change the "ringgit" into a "floating exchange rate system", leaving the national currency exchange rate entirely to the free market.

This is "surrender".

same day! The National Bank of Malaysia declared bankruptcy, many large enterprises entered the reorganization, tens of thousands of employees went home on vacation, and the Malaysian financial market fell!

Western capital earned more than US $30 billion of Malaysia's foreign exchange reserves that year, sweeping away the years of hard work of the Malaysian people and the country's economic development.

Wei Hang earned 800 million US dollars in Malaysia.

Subsequently, the Philippine Peso fell sharply, the Indonesian rupiah fell sharply, and the Singapore dollar fell sharply

Won, JPY, Hong Kong Island

Asian financial markets are about to rain.

After western capital took the lead in sweeping through a number of small countries in Southeast Asia, it finally began to attack the fat and fat "old Asian power" and the "four little dragons of Asia".

Among the four Asian dragons, "Singapore" took the lead out, and Japan island crowded into the card table in the name of "old country" to fill the position of the four Asian dragons.

The four Asian dragons, who have always been known as "economic take-off", are like plates of main dishes

Just on the table!

Western capital is like a fat pig just after the pre meal. It is full of saliva, stuffed the napkin into its chest, showing greed, holding a knife and fork and staring at the main dishes

At the same time, South Korea established a "banking policy group", Japan established a "foreign exchange crisis section", Taiwan established a "Department of economic control", and Hong Kong established a "crisis steering group".

The entire Asian financial market has been plagued by western capital and international hot money. It is like a dark cloud pressing the city, and a storm is coming!

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

In September 1997, the Taiwan authorities took the lead in abandoning the Taiwan dollar exchange rate, and one of the four little dragons in Asia took the lead in jumping on the street.

Since then, Taiwan's economy has no upward posture, relying only on a limited number of enterprises to support international trade.

More than ten years later, Taiwan Island, which was economically developed at that time, became the junction of urban and rural areas. This is the end of economic and military dependence on the great powers! Can only be reduced to leeks of foreign powers and let you fly? It just makes you fat.

On October 17, 1997, the exchange rate of the Korean won against the US dollar fell to a record 1008. There were many collaborators and arrogants in the Korean government. The "bank policy group" did not make an effective response. Its policy leader also made many tricks to arrest the next batch of "true" patriotic talents.

On October 21, 1997, the Korean government asked the "International Monetary Fund" for help, obtained the help of the "International Monetary Fund" by mortgaging state-owned assets, industries, interest rates and monetary rights, and temporarily controlled the expansion of the crisis by relying on the US $100 billion foreign exchange provided by the "Monetary Fund".

On December 13, the exchange rate of the Korean won against the US dollar fell to 1737.60, the National Bank of Korea "went bankrupt", and the economic development once stagnated. The government had to cede land to western capital countries by selling "economic autonomy".

So far, South Korea has not only controlled its "military command" by the west, but also lost its "economic right and autonomy".

Sell sovereignty in exchange for South Korea's future needs and prosperity. This is also the reason why South Korea's economy looks good in the future.

In the same month, Japan's foreign exchange market fell seriously, a series of banks and securities companies went bankrupt one after another, the Southeast Asian financial crisis evolved into the 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 Hong Kong Island survived the financial crisis and kept the economy of Hong Kong Island on the rise... Without accepting the terms and assistance of the international monetary organization and selling any interests.

This makes the "four little dragons of Asia" a historical term, and the era of false prosperity is over. Only the trade window of the motherland, 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 made a lot of money in Malaysia, Indonesia, Taiwan Island, won and other markets, making tens of billions of dollars!

Play a beautiful offensive and defensive battle!

Sima Xiang, Huang Shitong and other members of the landlords' Council guided the public opinion on Hong Kong Island, raised funds, and firmly defended the Hong Kong City and resisted the attack of hot money.

Turn danger into opportunity!

Hong Kong is about to launch a counterattack against the US market

At this time, the 1997 Asian financial crisis is not over, western capital has just sounded the horn of attack on Hong Kong Island, and the wonderful counter offensive war in Hong Kong has not yet started.

On August 3, the Hong Kong island crisis steering group issued the financial market guidance report, which proposed that the Hong Kong Island market has sufficient foreign exchange reserves and advocated that public capital have absolute confidence in the Hong Kong Island market.

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

On the same day, international speculators threw HK $10 billion of selling funds and announced the official smashing of the market!

"Shit! Bang! " Zhuang Shikai of the police force and the General Administration, wearing a uniform, smashed his fist on the desk and shouted angrily, "the enemy is in the HKMA!"

The pen on the desk jumped and his eyebrows were raised, which showed his anger.

Sima Xiang, dressed in a suit, stood in the big boss's office and shouted, "director, the steering group is not pointing the way to Hong Kong, but to western capital."

"Adhering to market liberalism is not clearly telling Hong Kong Island capital that the Hong Kong government is not rescuing the market? We must make western capital happy? "

The government wind direction does not necessarily fully represent the market direction, but it will have a great impact on the market direction.

Hong Kong Island capital had been releasing good news to the market. For example, Hong Kong Island capital had a large number of Hong Kong dollar orders, the government had a large amount of foreign exchange reserves, and the state would rescue the market, which once stabilized the cornerstone of the Hong Kong Island market.

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

But at present, the government held high the banner of "free market" and sent a wave of bad news to the Hong Kong market, which immediately caused information confusion and spiritual separation in Hong Kong stocks

Is the government rescuing the market or not?

"The financial secretary has a problem." Zhuang Shikai calmed down, picked up his desk pen, gently held his pen cap and preached.

"Is it the HKMA, the Ministry of development or the Ministry of economy?" Sima Xiang said aloud.

Zhuang Shikai replied calmly, "I'll send someone to check. However, whether there is evidence or not, I must let the HKMA put things right and give Hong Kong stocks confidence. "

"With so much preparation, we must not let the enemy break down from the inside! Do you understand? "

"Yes! Big boss. " Sima Xiang spoke with firm eyes.

At the end of the day, the Hang Seng Index hit 500 points and fell back to the 10000 point mark. The whole territory was jittery, panic increased, bad news flew all over the securities market, speculators hyped that the RM currency would depreciate by 10% and the instability of mainland banks, so as to create psychological conditions for its sniping at the Hong Kong dollar.

Overseas funds even issued an option to decouple the Hong Kong linked exchange rate on August 12, 1998. Speculators took the opportunity to spread rumors and threatened that "the Hong Kong dollar will be decoupled from the US dollar and depreciated by 40%" and "the Hang Seng index will fall to 4000 points". Try to disturb people's minds, create chaos and take the opportunity to fish in troubled waters.

……

"Zeng sir, are you free to talk?" That day, in the evening.

"Dada dada." Zeng Jinsong, the "President" of the HKMA, has just stepped down the stairs of the office building, gathered his suit, bent over and prepared to get into the car.

Suddenly, the door was firmly grasped by one hand.

"President! President! " Hold the laptop and yell back.

Zhuang Shikai, dressed in a dignified white uniform, glanced coldly across the car: "take a moment?"

Zeng Jinsong raised his head, his face slightly changed: "brother."

"How dare you step back! I'll buy you coffee! " Zhuang Shikai stares at Zeng Jinsong with sharp eyes, and his tone is beyond doubt.

More than a dozen security officers in black suits stood behind the vehicle, eyeing the motorcade of the president of the HKMA. Every police officer was full of murderous spirit.

That night, the crisis branch of the HKMA was established.

Major mainstream media, financial newspapers and news programs dominated by Hong Kong Island patriotic capital have cut off reports on the "financial crisis steering group".

The "crisis affairs section" began to release the latest financial policies to the public instead of the "crisis steering group" with the qualification of adhering to national interests.

The alternation of this wave of "discourse power" and the change of "position" were completed almost silently.

The next day, in the morning.

When the Hong Kong stock market opened, international speculators threw out another Hong Kong dollar foreign exchange sales order worth 20 billion within two and a half hours. Contrary to the passive practice a few days ago, the monetary authority directly used foreign exchange reserves to enter the market, dragged down the international exchange rate of Hong Kong Island and maintained the exchange rate standard of Hong Kong dollar to us dollar at 7.75 to 1.

The Hong Kong government is officially facing the financial defense war!

For a moment, there was an uproar in Hong Kong! Regain confidence!

The voice of Hong Kong Island capital and the Hong Kong Island government is no longer separated. The action of "government rescue" turned the policy into a consensus. On the same day, the confidence of the Hong Kong Island market was greatly boosted, and the Hang Seng Index rose 100 points.

……

"From now on, the HKMA's caliber must be the same as mine! Government rescue is the most effective and direct way! A new steering group will be formed immediately. " Last night, central, coffee shop.

Zhuang Shikai crossed his legs, touched the coffee cup and leaned down in a determined tone to preach.