The current financial turmoil in Hong Kong is a combination of several factors.

The first is the financial release before the handover. As a result, there is an influx of hot money, not only investment banks such as Wall Street and Morgan Stanley and international funds continue to increase the proportion of Hong Kong stocks in their portfolios, but also a large amount of funds from neighboring East and Southeast Asia.

Coupled with the bull market in the real estate market and the stock market, Hong Kong has formed a speculative boom, and leveraged loans, all of which have to go to real estate and stock speculation!

In the end, the Hong Kong stock index once set a new all-time high, up 659% from 2,918 points in 90 years.

In all fairness, it did rise a bit flat.

In addition, with the recovery of the domestic economy in the United States, the Federal Reserve has also begun to raise interest rates to curb inflation, which has led to the return of hot money to the United States.

Southeast Asian countries, which had previously benefited from the inflow of hot money, had to buy their own currencies when hot money fled because of the fixed exchange rate system pegged to the US dollar.

Southeast Asian countries, with weak foreign exchange reserves, are struggling to support massive outflows of hot money, which further strengthens expectations of currency depreciation, and international speculators have taken the opportunity to aggressively short their currencies.

That is, the economies of East and Southeast Asia themselves have big loopholes, and flies do not bite seamless eggs. In the end, it forms a domino-like collapse, and also snowballs like infinite magnification.

Finally, the Chinese mainland economy is beginning to emerge. Having slowly shown the terrifying potential of the world's factories and supermarkets, the Eastern Dragon has finally stepped onto the table of globalization.

Found out? Before that,The earliest book,Later Four Dragons,Eventually all became developed countries and regions。

But after that, the four tigers, and the BRICS countries or something, none of them entered the developed countries?

If there's an accident, that's fine. But what about it? There must be an internal law. There is no doubt about it - it is the dragon of the East that shows its fangs! When the baby embarks on this road of national strength and prosperity of the people, you scum will have no way out!

Therefore, with the mainland's backing, Hong Kong's turn from crisis to safety is also doomed.

When the index fell to a low of 6660 points. In order to protect the Hong Kong dollar, break the arbitrage scheme of speculators, and change the previous economic policy of "active non-intervention", the Hong Kong government has adopted a series of measures to respond in the stock market and futures market:

After stabilizing the Hang Seng Index, the HKMA vigorously bought the August index and sold the September index at the same time, widening the value gap between the two and raising the cost of speculation by financial speculators. Some blue-chip and red-chip companies also repurchased the company's shares under the government's call, successfully blocking the short-selling behavior of international funds;

The Hong Kong Monetary Authority (HKMA) has direct access to the foreign exchange market to stabilize exchange rates and interest rates. The Hong Kong government uses the Exchange Fund to buy Hong Kong dollars, and at the same time deposits the Hong Kong dollars in Hong Kong banks, so that the Hong Kong dollars borrowed by institutional investors from banks can be replenished, so that the supply and demand of Hong Kong dollars can be stabilized, and the exchange rate and interest rate can be stable;

Limit malicious short selling. From August 31 to September 7, the Hong Kong government and the Hong Kong Monetary Authority respectively promulgated new regulations restricting short selling and foreign exchange and securities trading and settlement, which greatly restricted speculation by speculators. The Hong Kong government has restricted the shorting of the Hong Kong dollar, greatly reducing the delivery period of stocks and futures from 14 to 2, and naked short selling has been greatly restricted. In order to reduce the leverage of the futures index, the Hong Kong government increased the face value of each futures from HK$50,000 per 10,000 points to HK$120,000, and the Hong Kong government also lowered the limit of position declaration from 500 units to 250 units, and added a declaration mechanism for short open positions, so that financial speculators were exposed.

The Hong Kong government spent nearly 13% of its Exchange Fund and more than US$15 billion in the bailout, far exceeding the US$7.7 billion spent by the British government in the "Sterling War" in 1993.

Of course, such a strong intervention policy has caused international speculators to return home, and the Hang Seng Index has gradually stabilized and rebounded.

By July 1999, the Hang Seng Index had regained its point.

However, this has also brought a lot of skepticism. The Hong Kong government's direct intervention in the market once raised questions about Hong Kong's status as a global financial center. For the time being, it has brought negative public opinion.

But it doesn't matter, when the subprime mortgage crisis is ten years later, even the United States will do it, and it will go even further.

This made everyone suddenly realize. Fart's financial non-intervention, fart's economic liberalization.

Large-scale bailouts in extraordinary times are the common choices of governments in the global financial crisis......

……

But that's another story.

At present, the major event that has caused a sensation in the world, even the Southeast Asian financial crisis, is not on the list, it must be ...... Zippered doors. Ahem

Melon eaters all over the world are looking forward to the appearance of the Starr Report, and are looking specifically for those indescribable passages. It's a pity that there are no detailed details at all. Bad review!

Another thing that does not have much influence, but is closely related to Li Yuan, is the outbreak of the African World War, which involved more than a dozen countries in Africa at once......

At this moment, Li Yuan had already returned home, and he was dizzy from being annoyed by the woman at home.

"Brother, have you arrived in the United States and listened to Zipton? Is there anything we don't know? Li Lanlan inquired about American gossip with great interest.

"How do I know? I didn't go to the White House again. ”

"So Zipper and the intern are in Dabai? Too shameless, right? Hee-hee. ”

"Huh? That's for sure. The woman was not a bodyguard, so she didn't need to be on duty at night. ”

"Go, go!" Zhang Zhen scolded with a smile, "Lan Lan, what do you want to do with these questions?" Is there such a thing in the big girl's house? ”

"Shh Li Lanlan was very unconvinced and "hummed" a few times.

"Yuanyuan, why did it take so long to go home? Is there a lot of work in Hong Kong? ”

"Hi. Something big has happened in Hong Kong, do you know about the financial crisis? This time, thanks to me, I saved them from their misery. ”

"Shh This time, it was the whole family who rolled their eyes.

The financial crisis in East Asia and Southeast Asia is not felt at all in China, and almost no one cares about this kind of broken news. Therefore, when they heard such words, they thought that this was Li Yuan's habitual bragging.

"Yuanzi, you just now, how many foreign teams did you buy? How do you go about buying foreign ones? Gu Yuqin asked curiously.

"It's not useful now, but it might be useful later. It's just a few idle chess. Li Yuan explained with a smile, "It is mainly used for advertising and product promotion." ”

"It's product promotion again. Brother, you have to be down-to-earth and don't play tricks? Li Yunyun said with a smile.

"Huh? Can the four come up with such philosophical words? Li Yuan laughed, "Don't worry, I'll listen when I come back, the recent import and export trade has increased several times, and all the factories are producing at full capacity." ”

"Huh?"

The sudden surge in import and export trade is not the cause of those teams at all, but the African world war.

At present, the surrounding area of the Republic of Villa is full of wars, and the fight is inexorable.

On the contrary, in the safe zone of Sokir, there is a deformed prosperity scene. Buying and selling arms, mercenary companies, trading in various materials, trading in various raw materials......

In recent months, the GDP of the Republic of Vera has more than doubled, and suddenly, it has become very rich?

Moreover, locally produced food commodities, as well as all kinds of goods transported there, can be sold as much as they can be transported to the port of Sokir. I don't have to worry about those red-eyed warlords from all walks of life.

As the first enterprise to open up this market, Liyuan also did not care about 3721, scavenged all kinds of commodities everywhere in the country, packed them, and shipped them to Sokir Port in one go......

Anyway, it's quite inexplicable, as if it's a windfall.

Of course, the highest heart is Ivan and some domestic enterprises.

The fierce fighting quickly depleted the local military aid stock, which directly stimulated their business volume to skyrocket......

"Fate." Zhang Zhen asked curiously, "Is that the place where our chief is fighting?" Does it matter? Is that Harden dangerous? ”

"Don't worry. It is a neutral zone designated by the five good people, and no one will not open their eyes. Again, Harden is a local warlord himself. ”

"Oooh!"

Unexpectedly, Li Lanlan didn't open her eyes again: "Hmph, it turns out to be a tattered thing with a false head and brain." You are called an international master, and you have not contributed at all. ”

"You know what?"

"Hey, don't look at people. What don't I understand? Aren't you the one who advertises everywhere and sells things? So will I. ”

"Okay, okay! If you have the ability, you can do it yourself! ”

"I'm up, I'm up. Brother, then you should support me, right? I'm going to start my own business now and be my own big boss! Hey, hey, hey. ”

“……”

……

Time flies, Li Lanlan is almost a junior, and she is about to graduate in a blink of an eye. If she wants to start her own business, Li Yuan can also give some money and let her toss around.

Of course, as a sister control, Li Yuan is still not very happy in his heart. Is it necessary for girls to have a career? It's better to lie down and be a gnawing brother.

But there's still a lot to keep busy before the end of the year. One of the main ones is that from January 1 next year, a new unified currency will be created - the euro.

This marks the formal completion of the European Economic and Monetary Union, which has been in the making for many years, and the process of European integration has entered a new stage. In addition, the launch of the euro will help strengthen the overall strength of the European Union, promote economic and political unity, and promote Europe to play a greater role in a multipolar world.

Of course, with the emergence of this new pole, the United States and the European Union are again asking for trouble.

Then again, these things have nothing to do with Li Yuan. The reason why I am very concerned about the euro is because of the import and export trade.

Of the other three teams acquired, the Denver Nuggets and the Colorado Avalanche, unsurprisingly lackluster.

Due to the strict financial requirements of the North American professional leagues, and even the standard of luxury tax, even if the owner is very rich, it is still difficult to build a super team with kryptonite energy.

Therefore, in North America, Li Yuan's choice is to follow the steps. Anyway, I don't care much about the record, even if the ball market is not very good, it won't lose much.

Coupled with the fact that Li Yuan also has more than a dozen packaged advertisements for products, it has almost increased the revenue of each team by more than 10 million dollars. The effect is not bad, at least it opens up the North American market.

However, in the eyes of the American media, these two professional teams seem to have become "advertising teams", which has attracted a lot of ridicule.

However, in these advertisements, the Denver Nuggets mainly promoted Chinese rookie center Yao Ming, which attracted a lot of attention.

Compared with the original history, Yao Ming's fame in the United States was much earlier. He has also become a favorite in recent years.

If the "advertising team" of the United States mainly becomes an advertisement for Yao Ming. Then the situation in the British Isles is completely different.

Spurred on by Li Yuan's high prize money, Sheffield United was lucky enough to win the last place in the Premier League promotion in this season's play-offs.

However, then, European football saw for the first time - what is a local tyrant!

Sheffield United directly threw out 120 million pounds to pursue top stars in the football market, which shows a deep pocket. A shocking deal, that is no longer eye-catching, but eye-catching.

And this kind of "blind buying, buying, buying" golden dollar policy has aroused the public anger of the entire European football circle, especially the Premier League clubs.

“…… When other clubs try to keep the transfer fee within the budget. Then China Li intervened, and he raised the price infinitely. If he has his eye on any player, he'll spend ...... amount of money."

“…… It's unbelievable that a successful team doesn't buy all the expensive football stars, it's a great affront to the tradition of football......"

“…… Although Sheffield United's squad has been competitive this season, I still don't think too much. After all, this club does not have a championship tradition. Their grades should not have reached those pounds they spent. I still think that if China Li did something wrong, he will end up disappointed......"

“……”

Interestingly, this exciting transfer made the two groups of Sheffield United fans instantly become united.

Why envy and hate our club? We just like to shoot bold Chinese Lee!

In the blink of an eye, it was a scuffle between Sheffield United fans and everyone else. Its intensity has made newspapers such as "The Sun" blossom.

There is no doubt that Sheffield United's fame suddenly exploded, and they have become the most beautiful cub in the global club this season.

And the team's advertising has also been very effective, far exceeding the effectiveness of North American advertising, resulting in a surge in European sales of various products.

There is just one thing that makes others very strange. In those media reports, the new "Qinglong Automobile Football Stadium" also shadowed the Phoenix New Energy Training Base"? What are these two?

There is also the curiosity about "Chinese Lee". In addition to the usual introductory articles, it is important to note - the boss of Parallel Line Technology!

As a result, the European users of Parallel Line Technology have grown rapidly, and their stock prices have also skyrocketed.

This made everyone stunned, can the club still play like this?