Su Su said: "Then let's talk about Hong Kong in 1997, Hong Kong at that time was not only the four tigers of the foundry, but also the international financial center placed by the British Empire in the East, very prosperous in terms of data, GDP is equivalent to the sum of the inland Beijing, Shanghai, Guangzhou, Shenzhen and several first-tier provincial capitals, Brother Qiang can imagine the importance of Hong Kong?" ”

Wang Qiang remembered a Hong Kong film line: "Hong Kong is prosperous, Hong Xing is prosperous, Hong Kong is prosperous, Hong Kong is even more prosperous!" ”

Su Su smiled: "Yes, it was also prosperous in pop culture at that time. It's a pity that it's all false prosperity, does Brother Qiang know that the banks in Hong Kong had negative interest rates in those years? ”

Wang Qiang was stunned: "Negative interest? Same as in Japan? ”

Su Su nodded: "To put it simply, negative interest rates are not allowed to allow residents to save money, so that residents can buy and buy, stimulate consumption and revitalize the economy." Since banks can't manage their finances, residents have no choice but to buy houses and stocks, and house prices and stock prices will go up. To complicate it, negative interest rates are a financial extreme phenomenon and an uncharted area of finance, so what impact it has needs to continue to be observed. ”

Wang Qiang was a little confused: "What are the results of the current observation?" ”

Su Su smiled: "At present, it looks like a pit!" By 1997, prices in Hong Kong had risen 12 times, workers' wages had soared, the stock market and the property market had soared, and the bubble was very serious. ”

Wang Qiang was shocked: "Wait! Just said that Thailand only has 30 billion US dollars, and Hong Kong has 40 billion? The mainland is so big that it is only 130 billion? ”

Su Su said in a deep voice: "Yes, this 130 billion is still the hard-earned money of selling shoes and shirts in China for 17 years since China's reform and opening up in 1980!" ”

Wang Qiang was stunned: "Won't it?" How many people are there in Thailand? How many people are there in China? How did they develop? ”

Su Su sneered: "It's not just Thailand, at that time, Japan's per capita was 100 times that of China, Taiwan was 30 times that of China, and the per capita of Southeast Asia and even the Philippines at that time far exceeded that of the mainland. ”

Wang Qiang nodded: "It's really unpleasant." ”

Su Su smiled: "So from now on, who is the biggest beneficiary after the Southeast Asian financial turmoil in 98?" ”

Wang Qiang frowned: "China?!" At that time, China's 1:8 depreciation exchange rate was really a long-planned big move? ”

Su Su smiled: "Who knows? Perhaps for these small countries with false prosperity, the storm is the catastrophe, but for China, it is to clear the obstacles and ride the wind and waves. Well, in this lesson just now, Brother Qiang knows how Soros ransacked Thailand, right? ”

Revision is important! Wang Qiang nodded: "Well, first borrow a large amount of Thai baht, and then ask the trumpet nursery of the navy to spread rumors and make trouble, first let the panicked people throw Thai baht as cannon fodder for the siege, and then Soros buys all the Thai dollars until the fixed exchange rate is broken, and then the Thai baht is depreciated into toilet paper, and all the Thai dollars are bought into Soros's pocket by these toilet papers, and then he can directly take the toilet paper to repay the money, perfect!" ”

Su Su smiled: "Yes, it's still this routine to deal with Hong Kong, if Brother Qiang wants to protect the disk, what will Brother Qiang do?" ”

Wang Qiang cut off: "Directly call a team of soldiers, arrest them, and beat the local tyrants to divide the fields!" ”

Su Su said angrily: "Then it's not a financial war!" That is to go to war directly, they are the bosses behind the scenes of the United States! ”

Wang Qiang coughed dryly: "It's fun, if it's a brother - increase the interest on borrowed money!" Didn't it be said that Western banks borrowed money from the USSR at 30% usury? Brother's turf brother is in charge, brother is 50%! It's very civilized, lest others say that my brother is black. ”

Su Su was relieved: "Yes, the answer is correct, it is an interest rate hike!" But Brother Qiang didn't think of another question, once the interest rate is raised - what will happen to the stock market? ”

Wang Qiang frowned: "Fall!" ”

Su Su said in a deep voice: "Yes! Ordinary people will only buy low and sell high when playing stocks, and make money by buying up, that is, going long. But the high-end player is to buy down to make money, that is, to short - that is, to borrow the goods to sell at a high price, and when the price of the goods falls ruthlessly, he buys the goods back at the low price and pays them back, and the difference in the middle is his earning, theoretically it is still to buy low and sell high, but the order of operation is reversed. ”

Wang Qiang then understood: "It turns out that this is shorting!" Brother used to hear about long-short wars, and thought that bears were a very evil existence! ”

Su Su smiled: "For the majority of bottom players who can only go long, the bears are mortal enemies!" So Brother Qiang, do you think Soros will be unprepared for the Hong Kong stock market with an inflated stock price bubble? ”

Wang Qiang suddenly realized: "That is to say, Soros is fighting on two fronts, and he has also invested money in the stock market to prepare to short!" As long as the Hong Kong dollar raises interest rates, Soros will lose a lot of money, but the stock market will definitely fall, and he can make up for it by shorting it! ”

Su Su laughed: "That's right!" Congratulations to Brother Qiang for graduating from Grade 3 of primary school - this is a hedge fund, bet on both ends! To be exact, it is a long bet, and Soros is attacking the foreign exchange market, the stock market, and the futures market at the same time. ”

Wang Qiang was stunned on the spot: "It's that simple? ”

Su Su smiled: "It's that simple! The meaning of hedging is to make up for the lost part with the earned! It's just that the difficulty is that part of the loss is part, part of the gain, and the result is not a loss or a profit? Therefore, although the principle is simple, how to ensure that the profit is more than the loss is the penance course of the master fund manager, which requires superb market insight and calculation, as well as the tricks of various high-end players. It is precisely because the hedging gene can continue to regain blood, so the fault tolerance rate is very high, which is destined to be a protracted war in Hong Kong that lasts for many rounds and lasts for a year! ”

Wang Qiang hated: "Can the encyclopedia be simpler?" There are so many words, my brother can't understand a word! The result is still something that the average gambler knows. ”

Su Su said with a smile: "Brother Qiang, don't say that hedging genes are long bets, otherwise those financial masters will despise you for being uneducated." ”

"I'll you!"

Su Su said with emotion: "Therefore, although the total amount of our funds is more than that of Soros, we must find the main direction of Soros's three-headed bet, and we must not be deceived by the various rumors and smokescreen bombs he spreads, otherwise he will fight big with a small fight." I won't talk about the details of the battle, that's the technical term of the trader. In short, win! As for how much money was won, I don't know, anyway, the Chinese side announced that it was a crushing victory, and Soros only said that it was drizzle. But for China, the political significance of this war is far greater than the money to win. ”