Vol 2 Chapter 1: reward

Hong Kong, January 20, 1998, Great Cold.

Standing on the 22nd floor of a high-end residential building in Wan Chai, Feng Yiping finally overlooked the Golden Bauhinia Square not far away. On the night of June 30 last year, Feng Yiping was also here. Using a high-powered binoculars, he watched on July 1. At midnight, the mighty PLA soldiers raised the five-star red flag there.

With the rise of the five-star red flag, on the other hand, that may be the second worst in history since Kangxi of the Qing Dynasty. Charles, who may not be able to ascend the throne in his lifetime, will be the last governor of Hong Kong who will jump out from time to time in the future. Accompanied by Patten who barked a few disgusting people, he left sadly.

Carrying a backpack and pushing the suitcase, Feng Yiping once again glanced at this "thousand-foot mansion" among the Hong Kong population, which had been rented for nearly a year, and then locked the door and went downstairs.

He also wants to buy a set, so that his sister who is still not a Shanghainese but has a bit of a heart to become a Hongkonger, but now, although the housing prices in Hong Kong are already falling, there are still too many bubbles. Buy at this time , Is to have trouble with myself and money.

From 1994 to last year, in less than four years, the overall housing prices in Hong Kong rose by nearly 70%. After many years, a large number of mainland residents bought properties in Hong Kong, which will bring the rooms back to the current level. It is the mainland residents who have pushed up Hong Kong's housing prices. They should really look back at the current situation.

The people of all colors on the road are still walking in a hurry, but they can vaguely feel the aftermath on their faces. Also, the past year has been uncomfortable for these countries in the Asian region.

Ten years is like a reincarnation of fate. Prior to this, Southeast Asian countries had experienced rapid growth for ten consecutive years. Some countries and regions were crowned as the Four Asian Tigers (South Korea, Taiwan, Singapore, Hong Kong). (Thailand, Malaysia, Philippines, Indonesia) reputation.

Take Thailand as an example. A peasant woman you met in the suburbs of Bangkok, or even a street vendor, might be a member of the stock market. At that time, they themselves felt that the money was too easy, so they were keen on beach houses, European luxury goods, and Japanese electrical appliances.

Also like the rich Americans. Send your children to private schools, go to Europe for a holiday every year, and even the small owners are preparing to buy Mercedes-Benz.

However, all such prosperous things started in early 1997. Has fallen into turmoil.

The day after the return of Hong Kong, the situation finally became clear. After several resistances, the Thai government had to announce the abandonment of the thirteen-year-old Thai baht-dollar exchange rate system and was forced to announce the implementation of a floating exchange rate system.

Subsequently, the governments and central banks of the Philippines, Malaysia, Indonesia, Singapore and other countries, after a few symbolic and weak resistances, gave up their actions to defend their currencies. They refused to fight back and let international speculators call the wind and rain. Rampant for a while.

In November, the crisis spread to South Korea. After that, the Japanese financial industry, which has a large amount of investment in South Korea, was drawn into it, leading to the bankruptcy of a series of Japanese banks and securities companies. As a result, the Southeast Asian financial turmoil officially evolved into the Asian financial crisis.

In this robbery and money robbery game of international hot money, Feng Yiping is like a humble little shrimp, following them in various shorts, from Thai baht to Philippine pesos, Malaysian ringgits, Singapore dollars and Indonesian rupiah. South Korean won, short US stocks and Hong Kong stocks in October, and concentrated all the funds last month. With ten times leverage, he finally shorted the Korean won once, which was also his single profit.

Although at the beginning, as the governments of various countries resisted, he also lost some, but the final result was very impressive. With the increase in his profits, he was not eligible to apply for financing leverage from the beginning, to the later 5 times and 10 times leverage, the dollar assets in his UBS account have also increased steadily, and now it has reached eight figures, although It still starts with 1, but he is already satisfied.

In the past, he was just an ordinary low-end customer of UBS. These days, senior staff of UBS have contacted him to sell various financial products to him, but he was unmoved, just bought some Apple stocks. Although Jobs has returned last year, Apple's stock price is still lingering.

Someone earns, of course others lose.

In Thailand, people who felt that it was too easy to make money a few days ago now have no job and then no car. The paint of the new house is not dry, so they have to sell it, and the child is transferred to a public school, romantic and luxurious. The European tour was cancelled.

Many private university students cannot adapt to this change. In order to remain decent, even better clothes and shoes can only be rented now.

Although the scenery is still so beautiful and the high-rise buildings are still so row upon row, there is a bottomless gap between the once rich and the present.

In Indonesia, even the children of President Suharto, who was later known for corruption and topped the World Bank’s “Corruption Rich List”, had to sell their companies in order to avoid getting nothing.

In Malaysia, the top ten richest people have lost tens of billions of dollars in the stock market alone.

Of course, Feng Yiping, who made a small amount of money, has no guilt. Soros also said, "In terms of financial operations, there is no morality or no morality. This is just an operation."

In addition, as he said, even without this hype, what should come will still come.

Also, these Southeast Asian countries are immersed in a high-growth atmosphere, their currencies are severely overvalued, but they have not adopted control measures like China. Originally, foreign exchange reserves are insufficient, stocks and foreign exchange markets are not controlled, and currencies can be freely converted. Having emptied its foreign exchange reserves, they can only watch the hungry wolves making waves in their foreign exchange market.

Even if our country refuses to deregulate its foreign exchange reserves when it becomes the largest in the world, there must be considerations in this regard. After all, no matter how much foreign exchange reserves a country has, there is still more than the hot money that can be concentrated in the international market.

Moreover, there is the Soviet Union in front of it, which can be said to be an example of being dragged down by the United States and other Western countries by economic means. It is normal to have strict financial controls.

On the bus to the airport, I listened to the two in the front row with lingering fears and said, "It’s finally over! Fortunately, although some meat was cut on the stock market, I don’t talk about the ones I bought before. I invested in the building last year. ~www.wuxiaspot.com~ The current income is also pretty good."

Feng Yiping looked at them with pity in the back, and wanted to tell them, dear, what you think is so beautiful, but it's just over, it's far from over.

Yes, starting from the second half of this year, this storm will usher in a new wave. In Hong Kong, the total market value of the stock market this year will evaporate more than two trillion Hong Kong dollars. After that, the property market will plummet. This one must also be a mortgage-bought property, and there is more than one case, and it will become negative equity when it is properly done.

Alas, I don't know whether the one in front will be a member of that wave of jumpers.

When he entered the airport, he couldn't help but look back at the two. The middle-aged man in a trench coat and trying his best to dress up looked at a child looking at him with pity, even as if looking at him. , Almost made a statement from the mainland, but he hesitated a little, he was not sure whether Feng Yiping was a mainlander or not.

No way, these Hong Kong people, even if they lost their pants, still have a sense of superiority in front of the mainland compatriots.

However, Feng Yiping was not in vain in Hong Kong this year. In his free time, apart from going to several university libraries to read and charge, he also fully appreciates all aspects of Hong Kong-of course, except for those places where the 18th ban, wearing Dressing is also dependent on the wealthy class. Cantonese and English are also spoken more slippery. Besides, there are tens of millions of dollars in the bank, so the confidence is naturally sufficient, and it is normal for him to be unable to distinguish.

After several hours of flying, in the afternoon, the flight finally arrived at the provincial capital, took the luggage and left the airport corridor, and saw his parents and sisters waving at the exit. (To be continued.)