Chapter 399 The Asian financial crisis is coming!

After Hong Kong returned to China, the Chinese people were full of joy.

The next day, July 2, Thailand suddenly announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system!

Good guy, this gives Li Zetian and Soros an excellent opportunity to attack!

On that day, the forces secretly prepared by Quantum Fund and Li Zetian began to take action. A financial crisis throughout Southeast Asia was about to come! ! !

boom! ! !

The exchange rate of the Thai baht against the US dollar suddenly dropped by 17%, and the foreign exchange and other financial markets were in chaos.

Everyone in Thailand is shocked and panicked!

"Oh my god, what happened to the foreign exchange market? The Thai baht suddenly depreciated so much!"

The devaluation of the currency has caused the property of Thai people to shrink significantly, and everyone is naturally frightened.

"Goddamn floating exchange rate system! The government just announced today that it will abandon the fixed exchange rate system, and the Thai baht has plummeted. What the hell is this policy?!!"

Countless Thai people are complaining...but the Thai government has nothing to do. Thailand's economy has problems. The government no longer has foreign exchange reserves and cannot control the exchange rate of its own currency, so it has to implement a floating exchange rate.

Unfortunately, Thailand is only a small country, its economy is not strong enough, and its own currency is not an international currency. Therefore, it is easy to suffer a great economic impact after the implementation of a floating exchange rate system, especially from international hot money. Of course, even without Li Zetian's intervention, Soros's Quantum Fund alone can bring down Thailand! What's more, this time Soros and Li Zetian joined forces.

Soros was also surprised, thinking to himself, as soon as the Quantum Fund started, international hot money caught up with it, how fast? !

International hot money, also known as international hot money, is floating capital with no specific purpose that floods the world. According to current estimates by the International Monetary Fund, this type of capital active in the global financial market exceeds US$7 trillion.

The activities of international hot money are rampant. When Soros planned the financial crisis in Southeast Asia, he naturally took international hot money into consideration and used its power to help him conquer the city!

Li Zetian secretly prepared US$1 trillion, which was naturally considered by Soros to be international hot money.

Under such a huge financial attack, Thailand is simply vulnerable!

Not long after, under the influence of the fluctuation of the Thai baht, the Philippine peso, Indonesian rupiah, and Malaysian ringgit became the targets of international hot money one after another!

At this time, the whole world was shocked!

"Oh, God, the currency exchange rates of so many countries in Southeast Asia have plummeted. Could it be that a financial crisis is coming?"

Thailand, the Philippines, Malaysia, and other countries have tried their best to resist and maintain the stability of their currencies.

However, they soon retreated.

In August, Malaysia gave up its efforts to defend the ringgit, and even the Singapore dollar, which had always been strong, suffered a huge impact!

Countries in Southeast Asia are panicking.

As time goes by, the financial crisis in Southeast Asia becomes more and more serious.

News media around the world are reporting on the financial crisis in Southeast Asia.

Li Zetian sat firmly at Diaoyutai at home and received the latest economic reports from Southeast Asian countries every day.

In late October 1997, Soros wanted to attack Hong Kong, targeting Hong Kong's linked exchange rate system. Before it started, Hong Kong's Hang Seng Index fell sharply by 1,211.47 points, and then fell below the 9,000-point mark.

"Mr. Li, do you want to tell Soros not to attack Hong Kong?" Dongfang Yuqin frowned.

Soros is the leader of the Southeast Asian financial crisis. Many other international speculators have followed him to make a fortune. This "team" cannot be underestimated, and it is very powerful.

Li Zetian waved his hand and said with a confident smile: "No need! Soros can deal with other countries, but if he deals with Hong Kong, he will hit the wall!! Hong Kong has just returned to China, and the mainland will not sit idly by. They We will definitely unite the Hong Kong government and business community to fight against Soros! We will cooperate!"

Dongfang Yuqin felt that Li Zetian's analysis was very reasonable, so she couldn't help but nodded and said: "Yes."

…

"It's over. Soros has attacked Hong Kong. The Hang Seng Index has plummeted to nothing. It's my money!!"

"Sell the stocks quickly, otherwise the losses will be even greater!"

"..."

At this moment, countless stock investors are crying and Hong Kong is in panic.

Mainland China has decided to fully support Hong Kong in its fight against Soros. The Hong Kong SAR government quickly held a press conference and solemnly reiterated many times that it would not change the current exchange rate system!

At the press conference, dozens of well-known entrepreneurs in Hong Kong attended and expressed their solidarity with the Hong Kong government to help everyone fight against Soros.

"Don't worry, everyone. Hundreds of Hong Kong's largest companies, including Henderson Land, Sun Hung Kai Properties, and Cheung Kong Holdings, will jointly invest in fighting Soros. Please have confidence in Hong Kong and let us all join forces to drive away Soros! Brothers, we are united. , its sharpness can break gold!!!”

The joint appeal from the Hong Kong government and Hong Kong's giant businessmen has greatly increased the confidence of the Hong Kong people.

Soros soon felt that something was wrong. Hong Kong's resistance was too strong. Not long after, the Hang Seng Index rose to the 10,000-point mark again!

"Uh... the attack on Hong Kong failed?" Soros looked very surprised. He had conquered Thailand, Malaysia, the Philippines and other countries, but he failed in just one Hong Kong.

"I don't believe it! I am Soros of the Quantum Fund. How can Hong Kong stop me!!!" Soros felt frustrated and angry, and was ready to step up his attack again. While issuing attack orders, he was interviewed by reporters and spoke ill of Hong Kong, so that Hong Kong's morale would plummet and it would lose its ability to resist.

However, Soros still encountered Waterloo in Hong Kong.

After several weeks of hard work, there was no result at all, and instead, I lost some money.

Li Zetian cannot sit back and watch Soros continue like this. Li Zetian still needs him to continue to be a forward and attack Japan, South Korea, Indonesia and other countries.

"Yuqin, call Soros and tell him that mainland China has joined forces with the Hong Kong government and businessmen, and it will not be easy to deal with. Now we should attack other countries and continue to expand the results. We cannot give them a chance to relax!" Li Zetian frowned slightly , said in a deep voice.

"Yes!" Dongfang Yuqin responded and immediately called Soros.

When Soros heard that mainland China was secretly supporting Hong Kong, he suddenly realized.

Although China's economy is not as strong as that of European and American countries, China has a large population, large GDP, and large foreign exchange reserves, which are enough to support Hong Kong in fighting a tough battle.

"Mr. Li is right, I should not continue to be entangled with Hong Kong, but should immediately attack other countries and expand the results!" Soros said after being silent for a while.

Dongfang Yuqin nodded and hung up the phone.

Li Zetian took a sip from his coffee cup and said: "The Southeast Asian financial crisis has just begun. This time it has severely crippled Japan, South Korea...well, and Indonesia!!!"

"Indonesia?" Dongfang Yuqin asked doubtfully, "Mr. Li, do you have a bad impression of Indonesia?"

"Of course I will take this opportunity to teach it a lesson!" Li Zetian said in a cold tone.

Hearing this, Dongfang Yuqin thought that Li Zetian was right. She was also Chinese herself, so she had no choice but to do so!

…

In mid-November, a financial crisis also broke out in South Korea in East Asia. On the 17th, the exchange rate of the Korean won against the US dollar fell to a record high of 1008:1. On the 21st, the South Korean government had to seek help from the International Monetary Fund and temporarily controlled the crisis. But on December 13, the exchange rate of South Korean won against the US dollar dropped to 1737.60:1. The Korean won crisis has also impacted the Japanese financial industry, which has large investments in South Korea.

In the second half of 1997, a series of Japanese banks and securities companies went bankrupt. The Southeast Asian financial turmoil evolved into the Asian financial crisis.

The financial crisis broke out in Asia, and time passed by without realizing it. It felt so fast.

On January 1, 1998, Dongfang Yuqin compiled a piece of information and handed it to Li Zetian.

"In the second half of last year, we focused on 'taking care' of Japan and South Korea, causing the economies of Japan and South Korea to decline greatly," Dongfang Yuqin said with a smile. "Almost all the top ten companies in South Korea are on the verge of bankruptcy, such as Samsung, LG, SK, Hyundai, Lotte Group, Posco Steel, etc., but these companies are very important to South Korea. Once they go bankrupt, countless people will be unemployed, and the Korean government will have to pay to keep them!"

"Continue! I want to force all the top ten companies in South Korea to go bankrupt. I want to see how much money the South Korean government can spend!!!" Li Zetian said in a deep voice with a flash of light in his eyes.

"yes!"

Dongfang Yuqin said, "Japan is even more serious this time. The number of bankrupt companies is difficult to count! In 1990, Japan already suffered a financial crisis, and now it has experienced another one. This has hit Japan very hard!"

"You deserve it!" Li Zetian sneered, but he didn't have a good attitude towards Japan. Li Zetian was very angry, otherwise he wouldn't have let people film "Nanjing Massacre", which was so targeted at Japan!

"I estimate that after the Asian financial crisis, the Japanese economy will definitely be in depression! We must take the opportunity to buy their companies or technologies. In any case, Japanese talents are still very good. Let them be used by me and work for me. !”

"Haha, don't worry, I've already made arrangements!" Dongfang Yuqin nodded with a smile.

Li Zetian smiled with satisfaction, and then looked through the information to check the specific economic data of Asian countries during this period.

…

In early 1998, Li Zetian made a comeback and once again turned his attention to Indonesia. Indonesia's economy was already in serious trouble. At the end of 1997, because Li Zetian focused his attacks on Japan and South Korea, Indonesia had a chance to recover.

However, Li Zetian did not intend to let it go.

Attacking Indonesia again this time will lead to another financial crisis in Indonesia!

The Indonesian government was helpless. On February 11, 1998, Indonesia announced that it would implement a linked exchange rate system with a fixed exchange rate between the Indonesian rupiah and the US dollar to stabilize the Indonesian rupiah.

As soon as this move came out, it was immediately opposed by the International Monetary Fund, the United States, and Western Europe. The International Monetary Fund threatened to withdraw aid to Indonesia. Indonesia is in a major political and economic crisis.

When Li Zetian saw the news, he couldn't help but smile and said sarcastically: "Haha, as expected, there are no good people, and the International Monetary Fund and the International Monetary Fund are all the same! Indonesia announced the implementation of a linked exchange rate system in which the Indonesian rupiah maintains a fixed exchange rate with the US dollar. This is naturally damaging. The interests of European and American countries. If there is no interest, what a waste of aid!"

Within a few days, the value of the Indonesian rupiah to the U.S. dollar fell below 10,000:1. Affected by this, the Southeast Asian foreign exchange market experienced another turmoil, with the Singapore dollar, Malaysian ringgit, Thai baht, Philippine peso, etc. falling one after another.

Indonesia is crying all over the country, mourning is everywhere, and various criminal acts are performed on the streets every day, making it like a hell on earth.

At this moment, Indonesia's economic situation is in dire straits and is almost hopeless, but the Indonesian government can no longer afford the money. In desperation, they had no choice but to contact the International Monetary Fund and sign a new economic reform plan with it. You can think of the contents of this agreement with your toes, and it must be beneficial to European and American countries.

With the support of the International Monetary Fund, and the fact that Southeast Asian countries have been squeezed miserably, if they continue to be squeezed, there won't be much to gain.

Soros began to turn his targets to other countries, such as Russia. As for Hong Kong, Soros has already suffered a loss once and does not dare to go there again.

Dongfang Yuqin came to Li Zetian and asked, "Should we attack Russia with Soros?"

Li Zetian pondered for a moment. Soros attacked Russia in his previous life, but ended in a disastrous defeat, which greatly damaged his vitality!

"No, Russia is not easy to deal with!" Li Zetian said, "Right now, the Asian financial crisis is almost over. We need to sort out our results in time and clean up the mess, such as acquiring companies that are on the verge of bankruptcy!"

Speaking of this, his tone couldn't help but become cold.

Japan's giant companies rarely go bankrupt. Sony, for example, has huge financial reserves and with the help of the Japanese government, it managed to survive in the end. Korean companies are different from Japanese companies. The debt ratios of large companies in South Korea are very high. When the financial crisis came, 7 of the top ten companies were bankrupted by Li Zetian. After more than a month, they were ready to be auctioned, including Samsung. company.

Today's Samsung company is not as powerful as it was in its previous life, but Li Zetian did not dare to underestimate it. Taking advantage of the Asian financial crisis, Samsung became Li Zetian's key target. Therefore, Samsung suffered a very serious blow and ended up bankrupt.

Samsung in the previous life was lucky enough not to go bankrupt, and even rose strongly after the financial crisis.

But this life is not so lucky... Although the South Korean government acts as a firefighter and saves companies everywhere, there are so many companies in South Korea that need to be saved, and Samsung is Li Zetian's key target. The South Korean government can only abandon Samsung in the end.

Dongfang Yuqin nodded: "Yeah, that's fine, so as not to have long nights and dreams, other companies will compete with us!"

"Among Korean companies, Samsung must be taken down by me!!!" After Li Zetian finished speaking, an inexplicable smile appeared at the corner of his mouth.

"By the way, there is also Lotte Group! I will use the money earned from Koreans to make weapons!"