Li Zhongxin has always known that in the early 1990s, when Western developed countries were in a recession, the economies of Southeast Asian countries experienced miraculous growth, their economic strength was increasing, and their economic prospects were brilliant.

The economic development model of Southeast Asia was once a model that various developing countries followed before the outbreak of the economic crisis.

Southeast Asian countries are very optimistic about their respective national economies. In order to accelerate the pace of economic growth, they have relaxed financial controls and promoted financial liberalization in order to become a new world financial center.

However, Southeast Asian countries have ignored some very important things in the halo of economic prosperity, that is, the economic growth of Southeast Asian countries is not based on the growth of unit input-output, but mainly depends on the increase in external input-output.

On this basis, the relaxation of financial controls will undoubtedly bring high buildings on the beach, exposing their respective currencies to international hot money without any protection, and are extremely vulnerable to the impact of international hot money from all directions.

With the recovery of the US domestic economy, the Federal Reserve also began to raise interest rates to curb inflation, which led to hot money returning to the United States. After all, at this time, the common currency in the world was the US dollar, and the US dollar could still be circulated in any country.

As long as the US dollar raises interest rates, hot money will flow to the United States. This is one of the most vicious ways for the United States to harvest the world.

In the past few years, Southeast Asian countries benefiting from the inflow of hot money have implemented a fixed exchange rate system that is pegged to the US dollar. In order to maintain a fixed exchange rate, they must buy their local currency when hot money flees.

Southeast Asian countries with weak foreign exchange reserves are difficult to support large-scale hot money outflows, which further strengthens expectations of currency depreciation. International speculators have taken the opportunity to short the currencies of these countries.

After the financial crisis in Southeast Asia is over, it will be Hong Kong. This is a consensus among international speculators and a consensus reached by developed European and American countries behind it. They do not want China and China's Hong Kong to be good, and they hope that the more chaotic the better.

What is Asian financial center or Asian financial strongest? In their eyes, it is all Asian boastful and not worth mentioning at all.

However! At this time, the boss obviously hasn't fully believed that he was talking about a major financial crisis in Hong Kong.

Through the tone and attitude of the boss speaking, Li Zhongxin could feel that the boss still maintained a very confident attitude in Hong Kong. Li Zhongxin could figure it out that behind Hong Kong is a superpower like China. Although it was a little worse than the United States at this time, it was not much different. It was normal for the boss to have such confidence.

He said too much now, but it was useless. He could not tell the big guys at such a time that the stock market and foreign exchange market in Hong Kong were about to plummet. International financial speculators will launch an offensive against Hong Kong in the near future. I have prepared a lot of funds here. Let's kill those financial speculators together.

What about these words! Li Zhongxin originally communicated with the boss slowly in a plan, but when he saw the understatement when the boss asked him and the tone in his speech, he knew that the boss still believed in his so-called think tank team, thinking that there would not be any big problems in Hong Kong. If there were any problems, they could easily solve them.

"You said that now we have detected that the amount of funds entering Hong Kong is only the tip of the iceberg? Can you confirm this matter?" The boss immediately became serious when he heard Li Zhongxin say that the amount of funds entering Hong Kong they detected that the amount of funds entering Hong Kong is only the tip of the iceberg, and his expression immediately became serious.

The team under the boss has been monitoring the capital flow in Hong Kong for the past period of time. They think that the kind of Hong Kong finance that Li Zhongxin said is basically groundless. Without a large amount of funds flowing into Hong Kong, there will be no large amount of funds flowing out of Hong Kong. This is a fixed number.

If you want a financial crisis, you want to take action on both the stock market and the foreign exchange market, and you don’t have the amount of funds, then what can you do to do such a thing?

"Of course I can confirm this matter. Hong Kong is different from our inland China. There are several banks in our inland China, and how many banks are there in Hong Kong. Hong Kong's financial industry is a highly developed industry. Among this industry, China's state-owned banks should account for the smallest proportion.

Although the country has taken back Hong Kong to China, those banks are still those banks, and many of the things they do cannot be monitored by our country.

At this time, the inflow of funds is not completely decided by the Hong Kong government. They have enough ways to quickly flow into Hong Kong, and they can also have enough ways to get those funds out of Hong Kong.

The simplest thing is the mutual lending between banks, the agreed time to repay, etc. For example, if my bank in Switzerland has assets of 50 million US dollars, then I can directly mortgage 50 million US dollars in bank in Hong Kong with a promissory note, and then agree to repay at what time. In this way, 50 million US dollars will be added out of thin air.

Whether it is Hong Kong or Southeast Asian countries, they operate in this way because there is such a rule that they can do such things within the rules.

The general idea of ​​those financial speculators is basically this: they purchase a large amount of currency in the country and sell it in the foreign exchange market, forcing the government to use US dollar reserves to take over in order to maintain the stability of their exchange rates. Foreign exchange reserves are exhausted, and the government's short-term foreign debt repayment pressure increases. The government abandons the fixed exchange rate system.

In short financial transactions, especially futures (stock index futures, foreign exchange margin) transactions, they use the amplification effect of financial leverage to conduct huge transactions with a small amount of funds. Then they continue to amplify, using people's fear and some multi-faceted factors to directly lead to a collapse.

Our Chinese government has not opened up the capital market to allow foreign capital to enter, nor has a large amount of short-term foreign debt; and has a huge foundation for foreign exchange reserves.
Chapter completed!