109 Asian Financial Crisis Process-2
Looking at the note in his hand, An Wenbin frowned, as the person in charge of the Sino-British handover ceremony this time, if what the note said was true, then he had to prepare early. But I didn't see who handed it to me, I vaguely knew that it was a Chinese, and there was no trace of my own people chasing it afterwards.
The note said that Prince Charles would be 23 seconds slower in his speech, and that the British national anthem would be played in 39 seconds.
Whether it's true or not, it's better to believe it or not! An Wenbin had to make a preparatory plan, quickly contact the flag bearer, play the national anthem, and report the situation to his superiors.
The passage of time is one minute and one table, as said on the note, Prince Charles is indeed 23 seconds slower, An Wenbin is sweating on the back of his palm, looking at the watch with the most accurate time in the world, An Wenbin breathes a sigh of relief in his heart, if it is a little longer, I don't know what to do, at this time I have completely believed the content on the note.
On June 30, 1997, 58 seconds, the time that should have been stagnant for 5 seconds was gone, and the Chinese national anthem was played on time, heralding the return of Hong Kong, which symbolized 155 years of British rule, to the embrace of the motherland.
After the incident, the state arranged for the Ministry of Intelligence to send a large number of people to check on the situation of the day, and no suspicious characters appeared, just like in recent years when they appeared to help Huaguo, and disappeared.
On July 2, Luo Tiancheng was paying attention to the news in Thailand at this time, Thailand announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, but he did not know that this move would trigger a financial turmoil throughout Southeast Asia.
On the same day, the exchange rate of the Thai baht against the Franklin fell by 17%, and foreign exchange and other financial markets were in chaos. 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 speculators.
It is today that Luo Tiancheng controlled the Hong Kong stock market and began to enter a downward channel, and at the same time, on the stock index futures, he created a short order to control the Hang Seng Index to follow the external market. For the time being, Luo Tiancheng can only say that he is sorry to the people of Hong Kong, and he will compensate you afterwards.
At this time, Luo Tiancheng obviously felt that there were funds secretly buying Hong Kong stocks, which kind of person was it...... Needless to say, it is also known that it is an international fund that is preparing to attack Hong Kong.
Luo Tiancheng frowned and looked at the changes in the stocks, but he didn't expect that international funds were now secretly entering Hong Kong stocks and absorbing chips. But on the surface, neither side wants to be noticed by the market now, and it is no wonder that it is at this time in history that Hong Kong stocks began to accelerate upward.
On August 5, the central bank of Thailand decided to close 42 financial institutions, and the baht collapsed. Currency is the foundation of a country's economic stability, when the currency is in turmoil, the entire country's economy is naturally in turmoil, people who hold various assets in their hands have liquidated their assets, and then sold Thai baht to buy Franklin to hedge against risk.
This further exacerbates the depreciation of the Thai baht. This was followed by a sharp drop in local asset prices, a plunge in the stock market, a whirlpool of non-performing loans for banks, and a paralysis of the Thai economy.