When the people on Wall Street get serious, their strength is quite terrifying. There are major financial groups in Hong Kong, Japan, South Korea and Singapore protecting the market. The power of Wall Street is temporarily unable to take action, but the stock market in other regions is not so good.
Whether it was Indonesia, Malaysia, Thailand or the Philippines, several major stock markets plummeted again that afternoon. By the time the market closed, the one-day decline exceeded last Tuesday, becoming the largest one-day decline since the 1980s.
Affected by this, the Straits Index, Hang Seng Index, Nikkei Index and Korea Composite Stock Price Index all experienced slight declines.
At eight o'clock in the evening that day, in the conference hall of Baodao Hotel, a meeting was held covering major business representatives from South Korea, Japan, Baodao, Xiangjiang, Singapore, Malaysia, Indonesia, Thailand, and the Philippines.
At such a critical moment, representatives from all over the world attended this meeting, mainly to discuss how to repel the attack of hot money on East and Southeast Asian stock markets.
With the development of the economy, trade links between all parties are getting closer and closer, especially the links between Japan and the Four Asian Tigers and several other countries in Southeast Asia. Many raw materials in these areas are imported from Thailand, Malaysia, the Philippines, and Indonesia.
Both sides are prosperous and suffer losses, and problems on either side will affect other areas.
This meeting was personally chaired by Li Guangyu. He said at the meeting: "Thank you very much for coming to attend this meeting that is related to the development of our Eastern economy. Hot money is coming in a fierce way. As for where it belongs, I believe everyone is aware of it."
Know it well.
This time Mitsui, Iwasaki, Sumitomo, Yasuda, Li Jianxi, Zheng Zhouyong, Robert Kuok, Qiu Deba, Chen Youhan and others jointly invite everyone to come to Hong Kong, hoping that we can work together to repel this hot money attack on us. We will definitely
You cannot be the target of hot money taking advantage of you."
It is said that it is impossible to integrate the forces here, but there is still hope for this joint sniper attack on Wall Street.
Although the interests of all parties here are complicated, the relationship between the Li Group, the Japanese Group, and the Korean Group is also competitive and hostile. The major families in Southeast Asia are not so harmonious, and there are competitions in all aspects. If it were not for
Wall Street has been hit too hard this time, and many forces are reluctant to lie in this muddy water.
Anyone who is well-informed knows that the Japanese consortium that Wall Street is mainly targeting this time would have been ignored by the American consortium if the Lee consortium had not intervened.
As a result, the appearance of the Lee Group this time has only added fuel to the fire, allowing the American consortium to suppress stock markets in various places even more intensely. It has also shifted its main focus from the three major stock markets of Hong Kong, Singapore and Tokyo to small and medium-sized exchanges like them.
It's a pity that now they have been forced into trouble. Now the American consortium obviously wants to influence the stock markets of the three major Asian centers through their stock market. If they don't resist, they can only watch their wealth being harvested by the American consortium. This is definitely not what they want to see.
Arrived.
In addition, their power is far less powerful than the Japanese consortium, Lee consortium, Korean consortium, and Singapore consortium. In order to reduce their losses, they can only come here and hope to negotiate a good result.
After Li Guangyu finished speaking, Sumitomo Qiying said: "This time hot money seems aggressive and hopes to directly rob our stock market of the fruits of our years of development. We must resolutely fight back against this bandit-like approach and give them
A lesson they will never forget so that they will not dare to attack our stock market again in the future."
The leaders of the Japanese consortium very much hope that the forces present today can unite to fight against the American consortium. Over the years, they have been fighting alone. Later, with the rise of the Lee Consortium, they became better. However, if they want to truly compete with the American consortium, their strength
Still not enough.
Once they unite with the Korean consortium, the Lee consortium, the Hong Kong Bank consortium, the Hsinchu Bank consortium, the Singapore consortium, the Malaysian Chinese consortium, and other families and work together, they really are not afraid of the American consortium.
It's a pity that this can only be thought about. Whether it is for interests or historical reasons, these forces cannot be closely united. Sometimes it would be nice not to stab the back. It is almost impossible for these forces to fully assist
things.
It is only this time that they have the opportunity to sit here together with the American consortium as their enemy. Without the American consortium as their enemy, they believe that the Lee Consortium and the Korean Consortium will immediately become their biggest opponents.
The Japanese consortium has been competing with the American consortium for decades anyway, and is used to fighting with the American consortium. They are not afraid that these consortiums and families will not help. They are afraid that these forces will directly join the American consortium, and instead attack them from behind, leaving them vulnerable from both sides.
.
Fortunately, it seems pretty good now. Li Guangyu is a person who understands the overall situation very well. Although there are some competitions and conflicts between the two sides, both sides have the same views on the American consortium.
Qiu Deba said loudly: "We absolutely cannot let our decades of accumulation be harvested by hot money. This time, we at Oriental Capital have joined forces and worked together to let the people on the other side know that the Oriental stock market is not something they can do."
You can do whatever you want, and anyone who wants to come and undermine our economic development must be prepared to pay the price later."
Later, Zheng Zhouyong, Chen Youhan, Lin Wutong, Gu Zhenfu and others also spoke one after another, all mentioning that they worked together to snipe the attacks of hot money and made them pay a heavy price.
The leaders of these families listened to what the representatives of the various forces said. What they were most concerned about were concrete measures. Just shouting slogans was of no use.
Naturally, Li Guangyu and the others are not shouting slogans this time. In the coming time, the Li Group and the Nippon Group will not only have funds to support major stock markets, but also have many mutual cooperation projects, which will benefit the economic development of various places.
The Lee Group will allocate 10 billion U.S. dollars to the exchanges in Kuala Lumpur and Bangkok respectively. The Japanese Group will also invest 10 billion U.S. dollars to support the Philippine and Indonesian stock markets and maintain the stability of stock markets in various places.
At the same time, many people present signed a series of cooperation projects, especially cooperation projects with several major Japanese trading companies and the Lee Group.
This meeting lasted from 8 pm to past 11 pm. These people adjourned for a rest. They will take a chartered flight back to the local area early tomorrow morning to announce these cooperation projects and maintain the stability of the stock market.
No one knows whether the content of this meeting can be kept secret. Li Guangyu and the Japanese consortium are not afraid that the Wall Street gang will know that they support funds from various places. As long as hot money dares to continue to make trouble in Hong Kong and the Japanese stock market, the Li Consortium and the Japanese consortium will inevitably
It will give them a head-on blow.
It is difficult for the outside world to know how much money Li Guangyu has. Li Guangyu himself does not know how much money he has now. The London gold market is still delivering contracts until now, and funds are constantly returning to the account of Tianyu Investment Company.
If Citigroup had estimated his financial strength in July, Citigroup would have experienced the pain of July again this time.
When Li Guangyu's meeting ended, a meeting was also held in New York, and the matter discussed was also the Asian stock market.