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Chapter 917 Financial Defense War

Cai Yunkun felt that he was stupid and waited at the airport for an hour. When the phone in his hand rang, he realized that he had missed the pick-up. The eldest daughter of the Han family had already boarded the vehicle sent by the Han family.

When he drove back to Deep Water Bay in depression, he saw a pretty boy sitting next to Miss Han, which made him so depressed that he almost vomited blood.

"Hello, Miss Han."

In the golden living room, Cai Yunkun pretended to be happy and greeted Han Han: "Do you still remember me? I'm Cai Yunkun, we met when we were kids."

Han Han looked at Cai Yunkun with confusion, and said awkwardly: "Hello... maybe it was too long ago, so I don't remember much..."

"It's okay, we can see each other more often in the future."

Cai Yunkun pretended to be cool and said, and then looked at Li Qing: "This is..."

"This is my boyfriend." Han Han said quickly.

Cai Yunkun continued to say happily: "So you are Miss Han's boyfriend? Haha...ha, ah? What did you say? Boyfriend?"

When Cai Yunkun came back to his senses, he had a look of astonishment on his face: "Is this your boyfriend?"

Han Han easily held Li Qing's arm, nodded and said: "Yes, he is very handsome!"

"Handsome..." Cai Yunkun said with a complicated look.

Shuai Ni Ma is so spicy!

Didn’t you say that Miss Han is single?

Cai Yunkun watched the love-making couple in front of him helplessly. He didn't want to leave or stay at this moment. Sitting next to him was so embarrassing that he was almost in a state of ecstasy.

Fortunately, at this time, footsteps sounded, and a middle-aged man walked out of the inner hall.

As soon as the man appeared, Han Han stood up, took out a brocade box from his bag, walked forward and said happily: "Daddy, look what I brought you."

"What did you bring?"

Han Jiayou chuckled, took the brocade box and opened it casually, and saw a gray-green tea brick lying quietly on it.

Han Jiayou lowered his head and smelled the tea bricks, a hint of surprise flashed across his face, and he said with a smile: "Good daughter, you know I love tea."

"Hehehe." Han Han was also a little happy to see that his father liked it.

After handing the tea bricks to the butler, Han Jiayou looked at Li Qing and Cai Yunkun. He first spoke to Cai Yunkun: "Akun is here. How many awards have you won recently?"

"Four awards, two from Japan, one from South Korea, and one from China."

A trace of complacency flashed across Cai Yunkun's face, and when he said this, he glanced at Li Qing.

"That's right, I haven't seen you for a month or two, and you've already won four more awards." Han Jiayou praised.

Cai Yunkun pretended to be humble: "No matter how many awards you get, it can't compare to your uncle's performance in the stock market war last year..."

When Han Jiayou heard this, he frowned vaguely, looking a little impatient.

Cai Yunkun didn't notice such a subtle expression, but Li Qing, who was always paying attention to Han Jiayou, caught it keenly.

Stock market war?

Li Qing suddenly realized that he seemed to have missed some information.

After a while, he slapped his thigh and woke up suddenly.

By the way, financial defense war!

When he thought of this, Li Qing felt regretful, as if he had missed a big meal.

In a previous life, there was a fierce but brutal war on Hong Kong Island in 1998.

The hedge funds owned by the famous American financial speculator Soros have launched successive attacks in Asian countries and regions since 1997, and have achieved great success. The foreign exchange accumulated in Thailand, Malaysia and other countries and regions over the past few decades has been reduced.

It disappeared in an instant, triggering the Asian financial crisis.

In mid-1998, Soros and international hedge fund giants, together with 200 billion Hong Kong dollars in assets, began to look for the next target of attack, and the spearhead of the attack was pointed directly at Hong Kong.

Before talking about Hong Kong's financial defense war, we have to talk about Soros's performance when he attacked currencies such as the Thai baht and rupee.

At that time, the Thai baht implemented a fixed exchange rate system. A fixed exchange rate system refers to a fixed exchange rate system maintained between a country's currency and the U.S. dollar or other currencies.

This exchange rate system stipulates that the domestic currency maintains a fixed ratio with the currencies of other countries. Exchange rate fluctuations can only be limited within a certain range, and official intervention is required to ensure the stability of the exchange rate.

At that time, Soros entered Thailand with a large amount of funds. He first exchanged US dollars for Thai baht, and also frequently borrowed Thai baht from the Bank of Thailand to complete the fund-raising and obtain a large amount of Thai baht.

Subsequently, Soros sold a large amount of Thai baht to buy back US dollars in Thailand's foreign exchange market.

At this time, due to changes in supply and demand, the Thai baht will depreciate.

In order to prevent the Thai baht from depreciating, the Thai government immediately began a rescue plan, using foreign exchange reserves and selling a large amount of U.S. dollars to repurchase the Thai baht.

Because the Thai government's U.S. dollar reserves were too small to support the market, the Thai government ultimately chose to abandon the fixed exchange rate system. As a result, the country's exchange rate will be based on market supply and demand, allowing the Thai baht exchange rate to float freely.

In other words, the Thai government is powerless in the face of Soros' attack.

Eventually, a herd effect occurs in the market.

The so-called herd effect is the herd effect, or simply follow the herd.

Therefore, when the herd effect occurs and everyone in Thailand begins to exchange Thai baht for U.S. dollars, the Thai baht begins to depreciate rapidly and becomes very worthless, and the exchange rate plummets.

At this time, Soros changed the US dollars in his hand into Thai baht. In other words, I will return the amount to you now as much as I lent you before, and then leave.

Because the exchange rates have become different one after another, Soros made a huge profit of 10 billion US dollars in Southeast Asia through this method.

In the middle of last year, Soros brought the battlefield to Hong Kong.

However, because the foreign exchange mechanisms such as the Hong Kong dollar and the Thai baht and rupee are different, although Soros also made a lot of money, there is still a certain gap between the numbers he imagined.

This makes Soros a little dissatisfied.

But he also understands that Hong Kong has a linked exchange rate system and banks lend money to each other. Therefore, if he wants to gain a lot of benefits from raiding the Hong Kong dollar, the results will be extremely slow.

In this case, the only solution is to increase the borrowing costs between banks.

The borrowing costs will inevitably lead to a sharp decline in Hong Kong's property market, stock market, and Hang Seng Index futures. Once he figured this out, Soros began to borrow Hong Kong dollars and take the opportunity to short Hang Seng Index futures.

Soros's method allowed him to make huge profits in the stock market, and the Hang Seng Index plummeted by half.

In order to retaliate for the resistance of the Hong Kong Island government, Soros decided to bring down Hong Kong's foreign exchange reserve system in a big way.

Note that it is to defeat, not to attack.

You can slowly recover from a blow, but there is no possibility of standing up if you are defeated.

If the plan succeeds, the Hong Kong dollar will be even worse than the Thai baht, falling like a waterfall and becoming worthless.

However, despite all the calculations, Soros still missed one trick.

At that time, Hong Kong had just returned to the motherland for the first anniversary...

And for mainland China at this time, if anyone dares to bully my son, I will beat him until he can’t even recognize his mother!

On the eve of the decisive battle, the mainland took action and allowed the Hong Kong Island government to use its control over the country's foreign exchange reserves.

What does this amount to?

It's like two elementary school students having a conflict. They agreed not to leave after school, and we challenged each other on the playground. The result...

I was waiting for you alone in the playground, but you called your dad!

Do you dare to be more shameless?——

Thanks to tatxixit for the reward. There are two more nights later, so everyone goes to bed early...


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