Chapter 308: The Asian Financial Crisis is Coming!

After Hong Kong's return to the motherland, the Chinese people were jubilant.

The next day, July 2, Thailand suddenly announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system!

Good guys, this gives Li Zetian and Soros a great opportunity to attack!

On the same day, the forces secretly prepared by Quantum Fund and Li Zetian began to move, and a financial storm was coming across Southeast Asia!!

Rumble!!!

The exchange rate of the Thai baht against the US dollar plummeted by 17 percent, and foreign exchange and other financial markets were in turmoil.

Thailand was shocked and panicked!

"Oh my God, what's wrong with the foreign exchange market, the Thai baht has depreciated so much all at once!"

The depreciation of the currency has caused the wealth of the Thai people to shrink dramatically, and everyone is naturally terrified.

"floating exchange rate system! As soon as the government announced today that it would abandon the fixed exchange rate system, the Thai baht plummeted, what the is this policy?!!

Countless Thai people complained...... However, Thailand has no choice, there is a problem in the Thai economy, the government has no foreign exchange reserves, and it cannot interfere with the exchange rate of its own currency, so it has to implement a floating exchange rate.

Unfortunately, Thailand is only an effect, the economy is not strong enough, and the national currency is not an international currency, so it is easy to suffer a large economic shock after the implementation of the floating exchange rate, especially by hot money. Even if Li Zetian doesn't need to take action, relying on Soros's quantum fund alone, Thailand can be completely collapsed! What's more, this time, it is Soros and Li Zetian who have joined forces.

Soros was also surprised, thinking, as soon as the Quantum Fund started, the international tour capital kept up, so fast?!

According to the current estimates of the International Monetary Fund, such funds active in the global financial market are more than 7 trillion US dollars.

When Soros was planning the Southeast Asian financial crisis, he naturally took international travel capital into account and used his strength to help him conquer the city!

Li Zetian secretly prepared 1 trillion US dollars, which was naturally considered by Soros to be international travel funds.

Under the attack of such a huge amount of money, Thailand is simply vulnerable!

Not long after, 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 travel funds!

At this time, the whole world was shocked!

"Oh God, the currency exchange rates of so many countries in Southeast Asia have plummeted, is it a financial crisis?"

Thailand, the Philippines, Malaysia, and other countries have tried their best to resist and maintain the stability of their currencies.

However, they were soon defeated.

In August, Malaysia gave up its efforts to defend the ringgit, and even the Singapore dollar, which had always been strong, was hit hard!

Southeast Asian countries are panicking.

After Thailand, Malaysia has also despered and given up resisting, which country will be the next turn?

As time passed, the financial crisis in Southeast Asia became more and more serious.

Li Zetian sits firmly at home in Diaoyutai and receives the latest economic reports from Southeast Asian countries every day.

In late October 1997, Soros wanted to attack Hong Kong, and the spearhead was directly aimed at Hong Kong's linked exchange rate system. Before it could begin, Hong Kong's Hang Seng Index plunged 1,211.47 points before falling below the 9,000-point mark.

“Mr· Li, do you want to tell Soros not to attack Hong Kong?" Dongfang Yuqin frowned.

Soros is the leading big brother in the Southeast Asian financial crisis, and there are many other international speculators who have followed him all the way to make a fortune, and this "team" should not be underestimated, and its power is very fierce.

Li Zetian waved his hand and said with a confident smile: "No need! Soros can deal with other countries, but if you deal with Hong Kong, you will kick it to the iron plate! Hong Kong has just returned to China, and the mainland will not sit idly by, and they will definitely unite the forces of the Hong Kong government and business circles to fight against Soros! We will cooperate!"

Dongfang Yuqin felt that Li Zetian's analysis was very reasonable, and couldn't help but nod and said, "Hmm." ”

At this moment, Chinese mainland has decided to go all out to help Hong Kong fight Soros.

"It's over, Soros has attacked Hong Kong, the Hang Seng Index has fallen into a dog, my money!!" Countless shareholders cried, and Hong Kong was in a panic.

At this time, the Hong Kong SAR government held a press conference and solemnly reiterated many times that it would not change the current exchange rate system!

At the press conference, dozens of well-known entrepreneurs in Hong Kong attended the press conference, and they all expressed their cooperation with the Hong Kong government to help everyone fight Soros.

"Don't worry, hundreds of Hong Kong's largest companies, such as Henderson Land, Sun Hung Kai Properties, and Cheung Kong Asset, will jointly fund against Soros. Please have full confidence in Hong Kong, let us all join hands to drive out Soros! Brothers work together, and their profits will be !!."

The joint appeal of the Hong Kong government and Hong Kong giant businessmen has greatly boosted the confidence of the Hong Kong people.

Soros soon felt that something was wrong, Hong Kong's resistance was too strong, and it didn't take long for the Hang Seng Index to rise, and then to the 10,000-point mark!

"Uh...... The attack on Hong Kong actually failed?" Soros was very stunned, Thailand, Malaysia, the Philippines and other countries were all captured by themselves, but they failed in a mere Hong Kong.

"I don't believe it! I'm Soros of the Quantum Fund, how can Hong Kong stop me!!" Soros felt very frustrated, annoyed, and prepared to strengthen the offensive again. On the one hand, he gave the order to attack, and on the other hand, he gave interviews to reporters, and loudly sang about Hong Kong, so that Hong Kong's morale would plummet and it would lose its ability to resist.

However, Soros still suffered a Waterloo in Hong Kong.

A few weeks of hard work didn't pay off, but I lost some money.

Li Zetian can't sit back and watch Soros continue like this, Li Zetian also needs him to continue to attack Japan, South Korea, Indonesia and other countries.

"Yuqin, call Soros and tell him that the Chinese mainland and Hong Kong governments and businessmen have joined forces, and it is not easy to deal with. At present, we should attack other countries and continue to expand the results of the war, and we must not let them have a chance to relax!" Li Zetian frowned slightly and said in a deep voice.

"Yes!" Dongfang Yuqin replied and immediately called Soros.

When Soros heard that Chinese mainland was secretly supporting Hong Kong, he suddenly realized.

Although China's economy is not as strong as that of European and American countries, it has a large Chinese population, a large GDP and a large foreign exchange reserve, which is enough to support Hong Kong to fight a tough battle.

“Mr· Li is right, I should not continue to entangle with Hong Kong, but should immediately attack other countries and expand the results of the war!" Soros said after being silent for a while.

Dongfang Yuqin nodded and hung up the phone.

Li Zetian took a sip of his coffee cup and said: "The Southeast Asian financial crisis has just begun. Well, there is also Indonesia to beat the !!"

"Indonesia?" Dongfang Yuqin wondered, "Mr· Li, you have a bad impression of Indonesia?"

"Indonesia has slaughtered us Chinese many times, so I naturally want to take this opportunity to teach it a good lesson!" Li Zetian said in a cold tone. As long as they are Chinese, they are compatriots, and Indonesia's atrocities are unbearable to look at and full of anger.

When Dongfang Yuqin heard this, she unconsciously thought that Li Zetian was right, she was also Chinese herself, and it was incumbent on her to avenge the Chinese!

……

In mid-November, a financial turmoil also broke out in South Korea in East Asia, and on the 17th, the exchange rate of the won against the US dollar fell to a record 1008:1. On the 21st, the South Korean government had to ask the International Monetary Fund for help, temporarily controlling the crisis. But on December 13, the exchange rate of the won against the dollar fell to 1,737.60:1. The won crisis has also hit Japan's financial sector, which has a large amount of investment in South Korea.

In the second half of 1997, a series of banks and securities companies in Japan went bankrupt. The financial turmoil in Southeast Asia evolved into the Asian financial crisis.

The financial crisis broke out in Asia, and time passed all of a sudden, which really felt so fast.

On January 1, 1998, Dongfang Yuqin counted a piece of information and handed it to Li Zetian.

"In the second half of last year, we focused on 'taking care' of Japan and South Korea, causing the economies of Japan and South Korea to decline," Dongfang Yuqin smiled, "Almost all of the top ten companies in South Korea are on the verge of bankruptcy, such as Samsung, LG, SK, Hyundai, Lotte Group, Pohang Steel, etc., but these companies are very important to South Korea, once they go bankrupt, it will lead to countless people losing their jobs, and the South Korean government has to pay to protect them!"

"Go on! I'm going to force all the top ten companies in South Korea to go bankrupt, but I want to see how much money the South Korean government can come up with," Li Zetian's eyes flashed with a glimmer !!of essence, and he said in a deep voice.

"Yes!"

Dongfang Yuqin said: "Japan is even more serious this time, and it is difficult to count the number of bankrupt companies! In 1990, Japan had already suffered a financial crisis, and now it has experienced another one, and this can be described as a very heavy blow to Japan!"

"You deserve it!" Li Zetian sneered, he didn't have a good face for Japan. Li Zetian is very angry, otherwise he would not have let people shoot "Nanjing Massacre", which is aimed at Japan like this!

"I estimate that after the Asian financial crisis, Japan's economy will inevitably be in a depression! We will take the opportunity to buy their company or technology, no matter what, the Japanese talent is still very good, let them use it for me and work for me!"

"Hehe, don't worry, I've already arranged it!" Dongfang Yuqin nodded with a smile.

Li Zetian smiled with satisfaction, and then looked through the information to check the specific data of the economies of Asian countries during this time.

……

At the beginning of 1998, Li Zetian killed a horse pistol and turned the spearhead to Indonesia again. Indonesia's economy was already in serious shape, and at the end of 1997, when Li Zetian focused his attacks on Japan and South Korea, Indonesia had a chance to kick in.

However, Li Zetian did not intend to let it go.

This attack on Indonesia again has led to the resurgence of the Indonesian financial turmoil!

On February 11, 1998, Indonesia announced that it would implement a linked exchange rate system with a fixed exchange rate between the Indonesian rupiah and the US dollar to stabilize the rupiah.

As soon as this move came out, it was immediately opposed by the International Monetary Fund, the United States, and Western Europe. The International Monetary Fund has threatened to withdraw its aid to Indonesia. Indonesia is in the midst of a major political and economic crisis.

When Li Zetian saw the news, he couldn't help but laugh and said sarcastically: "Hehe, sure enough, there is no good person, and the International Monetary Fund and Monetary Organization are also all the way! Indonesia's announcement of the implementation of a linked exchange rate system in which the Indonesian rupiah and the US dollar maintain a fixed exchange rate naturally harms the interests of European and American countries. There's no interest, and you're still a fart!"

Within a few days, the rupiah fell below 10,000:1 against the dollar. Affected by this, the foreign exchange market in Southeast Asia has made waves again, with the Singapore dollar, ringgit, Thai baht, Philippine peso, etc. falling one after another.

Indonesia is crying and crying all over the world, and all kinds of crimes are staged on the streets and even every day, like hell on earth.

At this moment, Indonesia's economic situation is so bad that it is almost hopeless, and the Indonesian government has run out of money. In desperation, he had to contact the International Monetary Fund and sign an agreement with it on a new economic reform package. The content of the agreement can be imagined with your toes, and it must be beneficial to European and American countries.

With the support of the International Monetary Fund, coupled with the fact that Southeast Asian countries have been squeezed very badly, there will not be much oil and water to make if they continue to be squeezed.

Soros has begun to turn his attention to other countries, such as Russia. As for Hong Kong, Soros has already suffered a loss once and does not dare to go again.

Dongfang Yuqin came to Li Zetian and asked, "Do we want to attack Russia with Soros?"

Li Zetian pondered for a while, Soros attacked Russia in his previous life, and finally ended in a fiasco, which hurt his vitality!

"No need, Russia is not easy to deal with!" Li Zetian said, "Right now, the Asian financial crisis is coming to an end, and we need to sort out our results in time and clean up the mess, such as acquiring those companies that are on the verge of bankruptcy!"

Speaking of this, the tone couldn't help but be cold.

Japan's giant companies rarely go bankrupt, such as Sony, which has huge financial reserves of its own, and with the help of the Japanese government, it has survived in the end. South Korean companies are different from Japanese companies, South Korea's large enterprises have a very high debt ratio, the financial crisis came, seven of the top ten companies were bankrupt by Li Zetian, more than a month later, ready to be auctioned, including Samsung.

The current Samsung company is not as strong as in the previous life, but Li Zetian did not dare to underestimate it, taking advantage of the Asian financial crisis, Samsung became Li Zetian's key target, so Samsung was hit very seriously and went bankrupt.

The previous Samsung company was lucky not to go bankrupt, and even rose strongly after the financial crisis.

But this life is not so lucky... Although the South Korean government acts as a firefighter and saves companies everywhere, there are so many companies in South Korea that need to be saved, and Samsung is the key target of Li Zetian's attack, and the South Korean government can only abandon Samsung in the end.

Dongfang Yuqin nodded: "Well, it's okay, lest there be long nights and dreams, and other companies will rob us!"

"Among the Korean companies, Samsung must take it down for me!!" Li Zetian finished speaking, and the corners of his mouth couldn't help but have an inexplicable smile.