Chapter 470: Fame
From the beginning of June to the beginning of August, in just two months, 500 million US dollars were invested, and the funds reached 1.3 billion US dollars at the end of the day, which is really faster than grabbing money, and Chu Yao's Chu Qin Financial Investment Company invested dozens of times that of Huihe Securities Investment, and its income is a figure today, but how much is the specific income" Chu Yao did not say in detail, and Qin Zihe did not ask.
When Wang Xue called Xizizi to report the profit figures to Qin Zihe and asked him if he would use the money to continue investing, Qin Zihe's mind flashed the matter of the attack on the Hong Kong dollar by international speculators led by the Quantum Fund in October this year and August next year, but it immediately flashed over, because these two attacks ended in the failure of the international speculation group, the smooth return of Hong Kong, and the high-level paid more attention to Hong Kong's affairs, those things are things that the high-level needs to consider, and they have nothing to do with Qin Zihe. The dollar in the hands of Huihe Securities is a drop in the bucket and does not play a role at all. Qin Zihe asked Wang Xue to invest according to the original plan, and during this time, he paid too much attention to the financial crisis, "There is still a lot of work in the city, waiting for him."
Time has entered October in a blink of an eye, "Although Qin Zihe decided not to care about the international speculative group's attack on the Hong Kong dollar, but after all, he was engaged in finance in his previous life, and when it came to this point in time, he couldn't help but pay attention to it, Qin Zihe knew that this round of attacks on Hong Kong led by Soros was tentative, just like the first round of attacks on Thailand, because Hong Kong had just returned to China, he wanted to see how the Hong Kong government and the Chinese government reacted, and what kind of response to take, And then give Hong Kong a heavy blow in a targeted manner.
In late October, the international speculator group vigorously entered Hong Kong, an international financial center, and pointed the spearhead at Hong Kong's linked exchange rate system. The large-scale invasion of international speculators suddenly made the Hong Kong government nervous, and the Monetary Authority was ready with a large amount of foreign exchange!
At this moment, Taiwan could not withstand the attack of the international speculator group, and suddenly announced that it would abandon the exchange rate of the new Taiwan dollar, and the new Taiwan dollar depreciated by 3.46% in one day. The loss of the new Taiwan dollar has increased the pressure on the Hong Kong dollar and Hong Kong stock markets. On October 23, Hong Kong's Hang Seng Index fell sharply: on the 28th, it fell again, falling below the 9,000-point mark!
The international speculator group took advantage of the aftermath of the attack on the new Taiwan dollar and began to sell a large number of Hong Kong dollars, launching round after round of attacks on the Hong Kong dollar. In the face of the fierce attack of international financial speculators, the financial management of the Hong Kong Special Administrative Region (HKSAR) has invested a large amount of foreign exchange into the stock market and futures market. Immediately, the Hang Seng Index rose to the 10,000-point mark, and the Hong Kong dollar was preserved!
Just when people thought that this financial turmoil had stopped in Hong Kong, in mid-November, the won was attacked on a large scale by international financial speculators, and on the 17th, the exchange rate of the won against the US dollar fell to a record day. However, on December 13, "the exchange rate of the Korean won against the US dollar fell again, and the Korean won crisis also hit the Japanese financial industry, which has a large amount of investment in South Korea, causing a series of banks and securities companies in the Japanese to go bankrupt one after another." As a result, the financial turmoil in Southeast Asia turned into a financial crisis in the whole of Asia!
Qin Zihe's "The Danger of the Asian Economy" written by Qin Zihe when he graduated from his doctoral degree in '96 had died down after a period of debate in the economic circles, but because this sudden Asian financial turmoil confirmed Qin Zihe's views, it was immediately turned out by economists who supported Qin Zihe's faction, and Fang Zishan, the mentor of Qin Zihe, a master of economics, wrote a special article to praise Qin Zihe. Faced with this situation, the opposition at that time had nothing to say and chose collective silence. For a time, Qin Zihe's reputation in the economic field was skyrocketing!
This feast of praise for Qin Zihe "soon became a meeting of economists to prescribe medicine for the Asian economy, and heavyweight economists appeared one after another, expressing their own opinions" and ways to solve the current financial crisis. But they are all optimistic that the Asian financial crisis has bottomed out, and it is time to rebuild the Asian economy from now on!
At first, Qin Zihe did not notice the reaction of the economics community, until his mentor Fang Zishan called him and asked him to pay attention to the latest issue of the Economic Herald, that he knew that he had become a rookie in the economics field, and at the same time learned about the views and opinions of the domestic economic office on the Asian economic crisis.
Seeing the optimistic attitude of many economists, Qin Zihe felt that this kind of sentiment was unacceptable, because he knew that "the Asian economic crisis is still continuing, and now it can be said that it has just begun, and it will continue for more than a year, until 1999, when the Asian economic crisis finally affected Russia, Europe and the United States and other countries, becoming a global economic crisis."
Qin Zihe decisively made a veto and wrote an article entitled "Analysis of the Beginning and Trend of the Asian Economic Crisis", which was submitted to the top domestic economics journal "Economic Herald". However, before submitting the manuscript, he called his mentor Fang Zishan to explain the situation and faxed the manuscript to him. Because, Fang Zishan's point of view is also very optimistic: "After all, I am his student, and I must communicate with him when I publish articles that are contrary to my mentor's views, which is respect for my mentor!"
Fang Zishan also found it difficult to accept Qin Zihe's point of view at first, he believed that this financial rabbit machine was planned by the international speculator group, "he is undoubtedly for the huge wealth accumulated in Asia" They have taken away the wealth, and what remains is the time for Asian countries to repair their financial systems and restore their concubine economies.
But Fang Zishan is not a person who bites the bullet, after Qin Zihe's patient explanation and analysis, he still agrees with Qin Zihe's views to a limited extent, plus Qin Zihe's graduation thesis proves his forward-looking attitude to the Asian economic crisis" or nodded in agreement with him to publish this article.
As soon as Qin Zihe's "Analysis of the Rise and Trend of the Asian Economic Crisis" was published, it caused an uproar in the economics circles, but the previous opposition sect did not react violently after learning the lesson of the last time, but some experts who originally supported Qin Zihe made a targeted response: "Directly published an article to refute Qin Zihe's views."
Of course, the affairs of the economic profession are not purely the affairs of the economic field, it is related to all fields of the whole society, and some senior leaders have begun to pay attention to this!! ~!