649 The Night of the Return

Soros is a figure who can make many countries smell and change.

As early as 1969, Soros established the Quantum Fund, at that time, he was just a little-known person on Wall Street, and he was just working for others before, belonging to the kind of people who left a stable career and came out to start a business, this kind of person abounds on Wall Street.

In 1973, he found that the performance of American weapons in the Middle East war was very poor, so he decided that the United States was the same, so he gambled and bought a large number of arms company stocks, thus obtaining tens of millions of dollars in profits, and by 1980, his fund rose by more than 103%, becoming the highest yield on Wall Street, in 1985, he relied on accurate analysis, predicted the possibility of the "Plaza Accord", so he borrowed heavily to long the yen and the mark, and at the same time short the dollar, ". After the Plaza Accord, he made a one-time profit of $150 million and became famous on Wall Street, and that was the year he appeared in newspapers and became one of the 100 most famous celebrities on Wall Street.

If that's all, then at best, Soros's name is only more famous on Wall Street or in the financial industry, and his peak started in 1992, which has something to do with the British Empire.

In fact, after World War II, the British Empire has declined, which everyone knows, but the British Empire itself does not agree, even if the real strength is not, it must maintain face on its face, such as the Falklands dispute with Argentina, in fact, if it were not for the help of the United States, Britain would have lost a long time ago, and after winning, the whole of Britain seems to think that it is still the same Britain 100 years ago.

A strong country, in addition to the military, the most important thing is the economy, a strong economy can be strong, the British economy, in fact, is not very good, but the declining aristocracy even if they eat porridge and steamed buns at home, they have to pretend to be a dog outside.

Although the value of the currency exchange rate is not directly related to the economy, it has always maintained the first, which is always some fame and prestige, therefore, the pound has maintained a high value for hundreds of years in modern times, and the exchange rate for the dollar has almost reached 1:1.6.

But a currency with a high exchange rate, when its economy is not good, will only cause more damage, especially when the dollar depreciates against the mainstream currency, and when the European currency fluctuates for various reasons, the pressure is all given to the pound, and the British manufacturing industry almost collapsed because of the high value of the pound, but the British Empire's centuries-old colonial heritage is still very strong, when it will fall, no one knows, everyone is waiting for this day, no one knows when it will be, and even the British Prime Minister himself does not know.

But Soros speculated through various economic data that in the second half of 92, the British government must not be able to hold on, so it borrowed the pound from the international market to short, and at the same time long the German mark, in the end, Soros won the victory, even if the British government used nearly 25 billion US dollars in foreign exchange reserves, it could not maintain the high exchange rate of its own pound.

In the process, Soros netted $1 billion in one night, and also made $1 billion in other currencies, and since then he has been famous all over the world, and in this battle, Soros alone sold more than $10 billion in pounds.

In addition to the Asian financial crisis known to the mainland in later generations, in fact, in 1994, Soros also attacked the Mexican peso and the currencies of some South American countries.

It is true that Soros can succeed, but he himself is actually just a member of the process of attacking the national currency, and the reason why he can succeed is actually that by taking advantage of the general trend, especially his huge fame, a large amount of international hot money has also followed wherever his funds go, thus creating a huge attack force, and in the face of international hot money, the foreign exchange reserves of most countries are vulnerable.

In the original history, although the Hong Kong government at that time had the mainland behind it, but whether it could defeat the international tour capital, before success, no one had a bottom in their hearts, this is a war without gunpowder, therefore, Chen Zhiwen needs to try his best to raise dollars before this.

However, these are not actually the big heads, the real big heads, naturally the stocks of many high-tech companies in his hands, but the Internet bubble has not yet appeared, and it will not be the peak until 2000, even if it is considered to withdraw early, it still needs to wait a few years, calculate the time, and the Asian financial crisis threatens Hong Kong may be similar, even if the time is not right, they can also convert these stocks into dollars through financial means.

After arranging the affairs of the United States, Chen Zhiwen returned to Hong Kong, which at this time had been listed as a developed region, because its per capita GDP or income had reached the threshold of developed countries.

The most fundamental reason for this is not by winning a large number of technology industries like Japan and South Korea, but by real estate.

Since 1990, Hong Kong's real estate market has entered a new round of rise, especially in this life, the existence of Chen Zhiwen has strengthened the economy of the entire Hong Kong, even if a large number of industrial jobs are gone, Kemei has now become one of the world's strongest electronics companies, Galaxy Trading has become one of the world's largest trading companies, Watsons has become one of the largest supermarkets in Asia, Red Bull has become one of the world's largest beverage companies, and Hutchison has become a large infrastructure consortium across several fields.

These companies, headquartered in Hong Kong, will inevitably recruit a large number of people, the number of these people combined, more than more than ten years ago, the number of industrial employment driven by Midea Red Bull, and the average income is much higher, coupled with a large number of business activities, capital flows, etc., making Hong Kong's GDP much stronger than the original history.

All the achievements are finally converted into numbers in real estate and the stock market under the invisible means of finance, the latter is okay, if you don't play, it will not affect you, but the former is the foundation of everyone's life. The skyrocketing price of housing has become an unbearable burden for many people, and there have even been some small-scale demonstrations over the years.

However, the real estate consortiums have made a lot of money by relying on high housing prices, how can they give up, so there is a rare scene in the world in Hong Kong, the Hong Kong government in order to suppress the overheated housing prices, raise the benchmark interest rate of the bank, and at the same time legislate, requiring the purchase of a house must pay more than 30% of the down payment, which is a very normal means, can restrict a large number of financial funds into the real estate market.

But the real estate giants are not happy, they do not want the house price to fall, not to mention that when the down payment needs more than 30%, many people will not be able to get the down payment, the most important thing is that a large number of people who speculate on the house, the cost will increase sharply, so the giants of the real estate company have immediately set up a financial lending company, lending to those who want to buy a house or speculate on the house, openly working against HSBC and the Hong Kong government.

This also aroused the anger of the British government in Hong Kong, although they had only been managing Hong Kong for a few years, but they were still very annoyed by the businessmen below who ignored them like this, so in all aspects, the two sides began to fight again, and even the media made a fuss.

Chen Zhiwen, as the largest capital existence in Hong Kong, is naturally an existence that both sides hope to win over, but Chen Zhiwen did not interfere in this matter.

In fact, in Chen Zhiwen's view, although he does not have a great affection for the British government in Hong Kong, he is still right in this matter, even if he is forced by public opinion.

When housing prices in a place are too high, the government uses policies to suppress housing prices, which is what any government should do, and that group of real estate capitalists actually openly confronted it.

These people, all pulled out and hung on the street lamp, will never wronged a person.

Chen Zhiwen naturally won't help them, but on the side of the Hong Kong government, Chen Zhiwen can't help, this is a confrontation with the general trend, although a few big capitalists are secretly making trouble, but now they are tying up the interests of half of all people in Hong Kong, and millions of people who own houses are unmatched.

It is said that the house price is too high to afford, but once you buy it, you will immediately want the house price to rise several times, and everyone's heart is like this, unless you still want to continue to buy a house.

There is no point in confronting this general trend, and there is no way to confront, this time they are the attacker, the Hong Kong government is the defender, Chen Zhiwen is down at this time, it is difficult to achieve any effect, the best opportunity is to wait until after 98, when Hong Kong's housing prices plummet, when the Hong Kong government launched the 80,000 plan.

It's just that when the tumor is too big, no matter what method is used, there will inevitably be heavy losses, and according to Chen Zhiwen's plan, the ones who suffer too much will naturally be those who take over at the top.

Therefore, when the real estate of the Hong Kong government bank was fighting very fiercely, Chen Zhiwen only publicly called on everyone to calm down and think carefully, the value of Hong Kong's house is not worth 10,000 US dollars a foot, with this money, you can buy a super villa in the deep sea city next door. That's all he can do, whether he listens or not, it's up to the individual to choose.

The fundamental reason for the chaos in Hong Kong's real estate is the entry of a large amount of capital, and the fact that the British government in Hong Kong lost control of the management below before leaving, which also created a small city that was able to cultivate several world-class real estate tycoons.

Of course, in this process, as a traverser, Chen Zhiwen ate the biggest cake, but he still doesn't touch residential properties, just shopping malls and office buildings, anyway, if the latter is done, he can eat a lot of food.

From 85 to 97 years, Hong Kong's housing prices will inevitably increase by a large margin, and the essential reason is that Hong Kong, as the bridgehead for the opening up of the entire mainland market, will inevitably develop faster when the mainland economy takes off.

Only when all cities in the mainland can freely trade with foreign countries at will, and when the mainland ports can meet their own needs, will Hong Kong's role disappear and the myth of wealth will be shattered.

In fact, if it were not for the special care of the mainland government and the handing over to Hong Kong many things that it could do, Hong Kong's economy would have collapsed completely from a high place after 2000.

As one of them, Chen Zhiwen will not block this kind of thing, and he can't stop it, just let it be.

Fast forward to 1997, on the evening of June 30.

In the solemn national anthem, the five-star red flag was slowly raised, marking the end of more than 100 years of British colonial rule in Hong Kong.

The last governor of Hong Kong, Chris Patten, disappeared silently in the decline, not because others were gone, but because the media no longer paid attention to him, and in his place, the first chief executive of the new Hong Kong government.

As the most successful entrepreneur in Hong Kong's business community, Chen Zhiwen was naturally invited, but in this venue, he did not have a suitor to show off.

The first is that this should not be a place for any businessman to be in the limelight, the second is that he is past the age of wanting to be in the limelight, and the third is that although Hong Kong has returned, there are still many international media reporters with malicious intentions, deliberately asking a lot of tricky questions.

The swearing-in ceremony of the new chief executive did not end until the early hours of the morning, which may also be the first time that Chen Zhiwen has stayed up so late since he had been healthy for so many years.

After taking the oath, Chief Executive Dong shook hands with the guests one by one, and after coming to Chen Zhiwen's side, Chief Executive Dong said: "Chen Sheng, I haven't seen you for a long time, over the years, you have really lived in a simple place." ”

"Family is the most important thing for me right now." Chen Zhiwen smiled and said.

In fact, as early as a few years ago, Hong Kong's wealthy family also knew that the person in front of him was very likely to serve as the new leader of the Hong Kong government, plus Chen Zhiwen and the Dong family also had business cooperation, the two of them had contact for a long time, but it was not very deep, it was really also, it was not very necessary for Chen Zhiwen, for him, it was enough to maintain a normal relationship.

"Family is important, but Chen Sheng, you are now the largest entrepreneur in Hong Kong, more than 100,000 people in Hong Kong work for you, and the entire economy of Hong Kong depends on you. Chief Executive Dong said with a smile.

"Okay, hopefully we can run Hong Kong better than before." Chen Zhiwen nodded and said.

Many things, he is actually not very easy to say, for example, in the future, the person in front of him wants to launch the 80,000 policy to reduce Hong Kong's housing prices, but he will be subject to unimaginable resistance, and the economic development of the entire Southeast Asia in the past ten years has also produced a huge bubble.

PS: The book is almost finished. (End of chapter)