Chapter 653: A Precursor to a Financial Turmoil
Before Manchester United's Manchester derby against Manchester City on February 1, Lin Yaozu flew back to Manchester from Hong Kong, and he also took Ding Hongxing's parents to Manchester by the way, because February 6 is Chinese New Year's Eve, so Ding Hongxing wants to take them to Manchester to celebrate the New Year together. Pen, fun, and www.biquge.info
Now Ding Yuejin and Shen Shuzhen are also used to flying to the UK for the Spring Festival every year, this time they came, and specially brought some Guicheng specialties to Yu Ruinian, a fellow Guicheng villager who met in Manchester.
On the first night his parents came to Manchester, Ding Hongxing didn't do anything, he chatted with them for a while, listening to them talk about what happened in Guicheng, they proudly said that Guicheng is changing now, and now Guicheng is developing rapidly, almost every day, they said that Ding Hongxing will not recognize it next time he goes back.
Ding Yuejin also asked Ding Hongxing with some worry, he heard that there was a big explosion in Manchester last year, and he didn't know what happened now.
Ding Hongxing told him not to worry, now at the original explosion site, a more beautiful building is being built, it will definitely be better than the original, and now the Manchester city government pays more attention to such a terrorist attack, and some preventive measures are better, so there should not be such a thing in the future.
Lu Chaohui didn't let Shen Shuzhen do it this time, she made a big table of dishes by herself, Ding Hongxing called Lin Yaozu and Shen Yi and his wife over to have a meal together, and Lu Chaohui's craftsmanship was also unanimously praised by everyone.
After dinner, Ding Yuejin and his wife went to rest first due to the fatigue of the journey, Shen Yi and Lu Chaohui went to her room, the two talked about themselves, and Ding Hongxing and Lin Yaozu chatted on the sofa in the living room.
After chatting about Manchester City for a while, Lin Yaozu said: "Red Star, the foreign exchange market in Asia seems to be a little abnormal during this time. ”
Ding Hongxing nodded and said, "You also found out?" It's a bit abnormal, and this time it may be a precursor to the financial turmoil, so you should pay more attention to it when you return to Hong Kong. ”
The cause of the Asian financial turmoil was that Thailand and other Southeast Asian countries implemented a fixed exchange rate on their own currencies regardless of their actual economic strength, and their own currencies were highly internationalized, and the domestic foreign exchange market was highly liberalized.
This is the problem, for example, an international foreign exchange market speculator, with a large amount of dollars in the Thai foreign exchange market to buy a large number of baht, the price is much lower than the fixed exchange rate stipulated by the Thai government, which is also the actual price that the Thai baht should have, and then he uses these baht to exchange dollars for the Thai government, the Thai government in order to maintain the fixed exchange rate of the Thai baht, has to buy these Thai baht at a fixed exchange rate higher than the actual value of the Thai baht, in this way, the international speculator will make money, the Thai government will lose a lot, and so on The scale of such transactions will expand indefinitely, When the Thai government's foreign exchange reserves are not enough to cope with these Thai baht sales, the Thai government will go bankrupt, and the price of the Thai baht in the international foreign exchange market will collapse, which will then cause a series of political and economic problems, and then sweep across Asia, forming a financial storm.
Of course, there are quite complex political and economic issues involved, but that's the general principle.
Lin Yaozu saw the problem from the international foreign exchange market, recently many internationally renowned foreign exchange speculators, and some financial predators are eating Thai baht, including the American Soros, of course, Lin Yaozu knows a lot about this notorious financial predator, and even Xinghai Investment has had a small confrontation with him at some times, of course, with Ding Hongxing's guidance, Xinghai Investment has not suffered a loss.
Lin Yaozu was surprised: "Financial turmoil? Will it be so serious? ”
Ding Hongxing said: "You have to believe my judgment, this financial turmoil, if you don't deal with it well, it will sweep the whole of Asia, including Hong Kong, this year is the year of Hong Kong's return, you must also contact the Hong Kong consortium after you return to Hong Kong, and prepare in advance to deal with it." ”
Of course, Lin Yaozu believed in Ding Hongxing's judgment, and he also knew that this matter was not trivial, so he nodded solemnly and said, "Yes, after I go back, I will contact some consortiums that have a good relationship with us and pay close attention to the situation." ”
Ding Hongxing said: "Now the asset scale of Xinghai Investment should reach tens of billions of Hong Kong dollars, right?" ”
Lin Yaozu nodded and said: "Yes, now all the assets should be tens of billions of Hong Kong dollars, but they are basically in the stock market, foreign exchange market and futures market." ”
At this time last year, the total asset size of Xinghai Investment was about 2 billion, after a year of investment, the asset scale expanded to five times the original, in fact, the asset appreciation rate has slowed down, this is because the asset scale is getting bigger and bigger, and it is impossible to put all of them into the project with the highest expected growth rate as before, because of too much money invested, it will be possible to change things, and it was originally expected to rise, but because of the influx of this large amount of money, it has fallen, so, Now these funds have to be more and more dispersed, so that more and more operations are required, and the rate of asset appreciation is slowed down.
Although it has slowed down, the five-fold increase in value within a year is enough to make people jaw-dropping, and only Ding Hongxing's intelligent brain can create such a miracle.
Ding Hongxing said: "After you go back, help Heizi realize all these assets, gradually withdraw from the stock market, foreign exchange market and futures market, and concentrate all the funds, including the consortium you contacted, we have to prepare to do a big vote." ”
Lin Yaozu showed an excited look on his face: "You mean to fight with Soros and them?" ”
Ding Hongxing nodded: "Yes, it's to fight with them." This financial turmoil is a big crisis, but the crisis crisis, that is, there are opportunities hidden in the danger, our funds, if we operate like this, the difficulty will become greater and greater, and the value-added rate will be slower and slower, if we want to continue to grow to the level of Soros, it is estimated that it will take many years, but this time is our best opportunity, if we operate properly, we will definitely be able to take a big advantage on Soros, not only can we protect Hong Kong's financial market, It can also make our Xinghai Investment grow to a point that you can't imagine. ”
Lin Yaozu's eyes were excited, but there was also worry: "But the rumor that the funds that Soros can control reach trillions, can we really fight him?" ”