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18 The financial crisis is coming

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At this moment, in the office, Chen Xiaotang was hugging Nuo Lan as they sat on the office chair. The two of them had just experienced a storm and were currently having the aftertaste of their climax.

Chen Xiaotang smiled as he caressed Nuo Lan's body and said gently,""Nuo Lan, you're really good. It tastes really good! Just be my woman forever…"

" Mm…" Nuo Lan nodded shyly and said softly," I will definitely be your woman forever…definitely…"

" By the way…" Chen Xiaotang asked," Why would your family suddenly lose so much money that they want to sell you for glory?" Can you tell me?"

Hearing this, Nuo Lan's expression darkened. She lowered her head and said,"I don't know the exact situation either. Anyway, I heard from my father that the stock market situation in Thailand and other Southeast Asian countries seems to be a little tense recently. It seems that there is a trend of a financial crisis. The Thai baht depreciated, and a large part of our family's business is in Southeast Asia. As a result, it was affected. If it wasn't for Boss Yang... So my father gave me to Boss Yang..."

"The Thai baht depreciates?" Chen Xiaotang's heart skipped a beat. Then, he exclaimed," Aiya, how could I forget about this? Look at my brain!”As Chen Xiaotang spoke, he slapped his own forehead hard.

"What's wrong?" Nuo Lan was shocked, obviously not understanding why Chen Xiaotang said this.

Chen Xiaotang was thinking about something else, the financial crisis that happened in 1997 -98!

The initiator of this financial crisis was Soros, the boss of the famous Quantum Fund in the United States. In 1997, this investor, who did not hesitate to destroy the world economy for money, began to attack the Southeast Asian financial market that he had coveted for a long time. He began to sell Thai baht and buy US dollars. The Thai baht plummeted. The purpose was clear: to disrupt the Southeast Asian financial market in order to fish in troubled waters and make a fortune.

Soros 'wishful thinking was: First, they would start with the most vulnerable countries, Thailand, India, Myanmar, and Vietnam. Then, they would disrupt Asia's "Four Little Dragons", Singapore, Korea, and Taiwan. Finally, they would attack Hong Kong in order to create the impression that they were invincible, destroy market confidence, and trigger the "herd of sheep" mentality. Soros believed that as long as one country's financial market collapsed, other countries would inevitably fall one after another. This was the so-called " domino effect."

On the day of the financial crisis, the exchange rate of the Thai baht to the US dollar fell by 17%, and the foreign exchange and other financial markets were in chaos. Under the influence of the fluctuation of the Thai baht, the philippine peso, the indo-nesian guilder, and the malai silver-ringgit became the targets of international speculators. In the end, the financial crisis swept across Asia, affecting Japan, Russia and other places. Finally, the spearhead was pointed at Hong Kong. On October 20th, Hong Kong's stock market began to fall. On October 21st, Hong Kong's Hang Seng Index fell 765.33 points. On October 22nd, it continued this trend and fell 1200 points. On the 23rd, concerns about the future of the Hong Kong dollar caused the Hong Kong Interbank Offered Rate to rise steadily. On the 21st, the overnight interest rate of only about 7% soared 300 times. Under such a market atmosphere, Hong Kong stocks suffered a setback for the fourth time in a row, falling by 1041%. In the end, the newly returned government violated the government's rule of not interfering in finance and funded Soros, causing Solis to return in defeat.

But now, because of his filming, he did not care about national affairs. A few months ago, the stock prices and currency depreciations of Thailand and other Southeast Asian countries could cause some rich people to sell their daughters. What would happen now? Chen Xiaotang was very worried.

Chen Xiaotang quickly got Nuo Lan to put on her clothes, then he put on his own clothes and asked Yang Shoucheng to hurry to his office.

Soon, Yang Shoucheng arrived at Chen Xiaotang's office. As soon as he entered, Chen Xiaotang asked him about the situation in Thailand.

Yang Shoucheng told the truth. It turned out that Thailand and other Southeast Asian countries had indeed undergone earth-shattering changes!

In January, international speculators led by George Soros began to attack the long-coveted Southeast Asian financial market, selling Thai baht and buying US dollars. The Thai baht plummeted. The purpose was clear: to disrupt the Southeast Asian financial market in order to fish in troubled waters and make a fortune. The chaos and loss of control in the real estate, foreign exchange reserves, and financial market management of some Southeast Asian countries provided speculators with a once-in-a-lifetime opportunity.

Thailand became the first target.

In May, international currency speculators began to sell Thai baht on a large scale, causing the exchange rate against the US dollar to fall sharply. In the face of the aggressive attacks of speculators, the Central Bank of Thailand and the Central Bank of Singapore joined forces to enter the market. They used a three-pronged approach to defend the Thai baht position. They used 12 billion US dollars to absorb the Thai baht. Ban local banks from lending Thai baht to overseas speculators; After a sharp increase in interest rates and a short battle, the Thai baht's position was temporarily preserved.

In response, the international currency speculators launched a strong counterattack. They only had one trick: Raising funds, throwing baht. Soros began to advance. At the same time, the Thai baht depreciated wave after wave, and the exchange rate of the Thai baht to the US dollar hit new lows. The Thai government changed its generals on the spot, and the former finance minister, Amnlei Wirawan, was forced to hand over his command. The Thai government's move was like dropping a heavy bomb on a turbulent lake. The philippines became a victim, and the peso exchange rate began to rise and fall sharply.

Amnlei Virawan's sad departure did not stop the Thai baht from losing. In June, speculators began to sell Treasuries to raise funds and once again dealt a fatal blow to the Thai baht. The Bank of Thailand fought back. At that time, everyone was in a state of panic and fear. All kinds of drawbacks hidden under the peaceful and prosperous times were exposed one by one. In order to stabilize the morale of the army, on June 30, Prime Minister Chaoly of Thailand made a television speech: "I repeat, the Thai baht will not depreciate. We will make those speculators lose their money.”Swearing was swearing, but the financial market was like a loser. At this time, the Central Bank of Thailand had run out of ammunition and food, and the only 30 billion US dollars of foreign exchange reserves had long been spent. Just two days after the Thai Prime Minister's speech, the Central Bank of Thailand was forced to announce a floating exchange rate system and abandon the 13-year-old exchange rate system of the Thai baht and the US dollar. On the same day, the Thai baht plummeted by 20%, and the governor of the Thai central bank, Lunchai Malajar, had announced his resignation!

Now, because the financial crisis had only begun in Southeast Asia, other than those who had assets in Southeast Asia, some people in Hong Kong were sitting on the sidelines and watching the tigers fight. They were also secretly saving up funds for emergencies. Some people did not care at all. They just wanted to see the barbarians in Southeast Asia suffer. They did not know that this financial crisis would spread to Hong Kong and turn them from tycoons into big losers!

After listening to Yang Shoucheng's narration, Chen Xiaotang knew that Hong Kong's financial crisis was not far away. A trace of ruthlessness flashed across his eyes. He thought that if Soros was controlled, the financial crisis would probably disappear without a trace, right?

However, Chen Xiaotang immediately dismissed this idea. If that was the case, it would be too boring. It would be a pity if he did not fight a financial giant like Soros!

Thinking of this, Chen Xiaotang sneered. He took out his phone and dialed Chief Jiang's number. He asked him to help him inform the Chief Executive of the Hong Kong Special Administrative Region, Dong Jianhua. Now, he had to listen to his command...

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※※※

Please pay attention to my sina weibo, which has just been opened. It's called Bang Bang Liao Ke Zi.

As for the cuts in this book, due to the Great Harmony, some chapters may be cut or replaced. You can still read it as usual. In the future, there will be a collection. Please read the full version in the collection.

※※※

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