Of course, when it comes to the international situation in 1997, the Asian financial crisis cannot be avoided. It's just that this thing hasn't happened yet, and although there are some signs, people can't imagine how rapid it erupted and how far-reaching its impact was.

However, Zeng Wei is powerless to change anything about the Asian financial crisis and its subsequent effects. Although he is now a very rich group of people in China, he is still far from being able to influence him.

Moreover, Zeng Wei doesn't know much about a lot of the economic knowledge involved, he knows some results because of the reason for rebirth, but he doesn't know why.

Therefore, he could not make any predictions about this event, let alone have much impact on it.

Therefore, Zeng Wei decided not to react to this, and he didn't even want to make a fortune in it. First, Wanxian Electronics is now in a period of rapid expansion, and there is not much idle capital to play in the stock market. Second, he doesn't have any good traders.

Although he was very tempted to cut the meat of those two-devil countries in Southeast Asia, Zeng Wei still didn't do anything, just nested at home and school, practicing his internal skills.

Of course, during this period, there was also a lot of relationship with his college classmates, after all, these are talents, and even many of them will become big people in various fields in the future. If you can pull a few into your own bowl, you're really earning. Even if you can't, getting closer to each other is also forming a good relationship, and it may not be possible to say when it will work.

In general, in 1997, when the international situation was changing, in 1997, when Wanxian Electronics conquered the city and developed vigorously in China, and in 1997, when Wulingxian Liquor Industry gradually stabilized its status as a famous liquor in China, Zeng Wei was very low-key, quietly studying and living in school, and quite a good student's posture, which made his head teacher Kong Yan very satisfied.

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Of course, Zeng Wei is not really blind to what is going on outside the window and only reads the books of sages, in fact, he is also paying close attention to what is happening in Southeast Asia.

I will definitely have to roll around in the mall in this life, so it is still very necessary to know more about finance, at least in the future.

As time went on, signs of economic overheating in Southeast Asian countries became more prominent.

Central banks have taken the approach of raising bank interest rates to reduce inflation, but this approach also provides many opportunities for speculation. Even the banking industry itself is borrowing foreign currencies such as dollars, yen, and marks to speculate on foreign currencies and join the ranks of speculators.

The serious consequence of this is a huge increase in the short-term external debt of banks, which will lead to painful and large shocks in the event of a rapid outflow of foreign capital through the financial markets of various countries.

Central banks in Southeast Asia, while aware of the seriousness of the problem, are somewhat overwhelmed by open and liberalized markets.

Among them, Thailand is the most serious problem. Because Thailand had the highest degree of liberalization of the financial market in Southeast Asian countries at that time, Thailand was closely eyed to the US dollar, and capital entered and exited freely. Thailand's economy has the most bubbles, and the Bank of Thailand has moved a large amount of foreign dollar loans into the real estate industry, resulting in a serious imbalance between supply and demand, resulting in a large number of bad debts and bad debts in the banking industry, and a serious deterioration in asset quality.

In the first half of 1997, bad debts in Thailand's banking sector were estimated at $31 billion to $35 billion. Coupled with the irrational borrowing structure, Thailand's banking industry is even more difficult. Ninety and half of Thailand's banking industry's overseas borrowings are short-term borrowings of less than a year.

In March 1997, when the Bank of Thailand announced that nine finance companies and one housing loan company in the country had problems with poor asset quality and insufficient liquidity, Soros thought the time had come.

Soros and other arbitrage fund managers began to sell the baht in large quantities, and the Thai foreign exchange market was immediately choppy and volatile. The Thai baht fell all the way, and within two months, it fell to a minimum of 26.7 baht per dollar.

The Bank of Thailand has taken various emergency measures at the critical juncture, using US$12 billion in foreign exchange to buy Thai baht, raising the overnight lending rate, and restricting the lending behavior of domestic banks. These strong measures have caused Soros's transaction costs to increase dramatically, losing $300 million at once.

However, Soros has confidence in his original theory of value, adheres to his point of view, and not only does not close his original position, but even continues to increase it. The $300 million loss was nothing to deter Soros, who believes that Thailand will not be able to withstand his onslaught, even if it uses all its might.

For the Thai baht, he is determined to get.

By the end of June, Soros had raised even more money and launched another fierce attack on the Thai Railway, and the major exchanges were in chaos, the baht fell wildly, and traders frantically sold the baht.

The Thai government has used $30 billion in foreign exchange reserves and $15 billion in international loans in an attempt to turn the tide. However, this meagre $45 billion is a drop in the bucket compared to the sky-high level of international travel funds, and it is of no avail.

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For the vast majority of Chinese people, the economic events that occurred in Southeast Asian countries are still too far away, but there is another thing that they are very concerned about.

Needless to say, this is naturally the return of the century-old wanderer of the Pearl of the Orient.

Starting, shifting, speeding up, taking off, all the surprises, surprises, and dangers are in this second and a half, and there are hundreds of millions of pairs of eyes behind them.

At 1:19:07 p.m. on June 1, 1997, Ke Shouliang drove a Mitsubishi car over Hukou Waterfall on the Yellow River.

This is the second largest waterfall in China and the only yellow waterfall in the world.

After Ke Shouliang's leap over Hukou Waterfall set off the passion of the Chinese, everyone was full of greater enthusiasm for the arrival of July 1, and they all looked forward to a hundred years of shame.

The atmosphere of Hong Kong's return to the motherland has become more and more intense, and now the focus of domestic work has all revolved around the moment of Hong Kong's return on 1 July, and all the support work is being carried out in an orderly manner, and the country has made very full preparations in order to deal with possible emergencies.

Even in central Anhui Province, as well as Zeng Wei's hometown of Xichuan Province...... Well, now it should be said that Jiangzhou City, because the latter has already achieved direct jurisdiction at the beginning of this year, and has also received some special orders to mobilize a part of the armed forces to participate in the return work, and as for the material support work, it has also done a lot.