Chapter 967 The storm is coming
‘Stocks are still being traded, dances are still being performed, and horses are still being run’ is a portrayal of Hong Kong at the moment.
Although the situation in Southeast Asia is constantly reported in newspapers and on TV news, not many people in Hong Kong care.
From the cold winter of 1982 to the present, Hong Kong’s economy has maintained a 15-year high-speed development, and has become the most developed city in Asia, surpassing Tokyo.
The long-term high-speed economic development has made Hong Kong citizens full of optimism, and they do not think that Hong Kong will be affected by the Southeast Asian financial crisis.
They did not realize that the 15-year high-speed development has also caused a considerable bubble in Hong Kong.
The most obvious thing is that Hong Kong’s housing prices have already reached a new peak. Everyone in Hong Kong is speculating in stocks and houses, pushing Hong Kong’s housing prices to a jaw-dropping level.
Real estate in Central Hong Kong is as high as 330,000 to 538,000 Hong Kong dollars per square meter, and residential housing prices in slightly better locations are as high as hundreds of thousands of Hong Kong dollars per square meter. An office building is often more than 10 or 20 billion Hong Kong dollars.
There are a large number of almost crazy "property speculators" in Hong Kong. They invest in real estate blindly. In order to seize the opportunity, many people often hastily decide to buy luxury houses based on the description of the real estate agent on the phone.
Ordinary Hong Kong citizens cannot feel the danger, but several major banks in Hong Kong have already taken action. They began to collect some "dangerous" loans in advance as soon as the Chinese New Year.
This time outside, Liu Tao made a lot of profits in Southeast Asia by making advance arrangements.
At this time, after 8 months of preparation, Hong Kong has prepared sufficient ammunition to fight a big battle.
As for how many people will go bankrupt this time, this is not what they want to consider at all.
Even this financial crisis will not only affect ordinary families, but also many wealthy people in Hong Kong. It will have a great impact, especially those who have been obsessed with Hong Kong real estate operations in recent years. How much they have eaten in these years will be vomited out this time.
There are also some wealthy people in Hong Kong who have invested more in Southeast Asia, and they have suffered great losses at this time.
It was at this time that Soros, who was invincible in Southeast Asia and had an extremely inflated self-confidence, led international speculators to move to Hong Kong, an international financial center, and pointed his finger at Hong Kong's linked exchange rate system.
In the eyes of international speculators, Hong Kong, an international financial center, is a big piece of fat meat. In 1996, Hong Kong's GDP reached 361.73 billion US dollars, far exceeding the GDP of any country in Thailand, Malaysia, Singapore, Indonesia, and the Philippines.
In the office of the Hong Kong Bank headquarters building, Liu Tao looked at the Victoria Harbour outside with a smile on his face.
The storm was coming, and he seemed to see that the international speculators were coming in with great momentum, with green light in their eyes, and they wanted to take a crazy bite of the big piece of fat meat in Hong Kong.
After dealing with many things and making arrangements, Liu Tao came to Hong Kong to take charge.
"Dong Dong Dong~~"
"Come in!" Liu Tao said.
"Leader!" Secretary Wu Qiang walked in and walked in respectfully.
As Liu Tao's secretary, even the presidents of Hong Kong Bank and Standard Chartered Bank had to be polite to him.
But Wu Qiang knew that their attitude towards him was nothing more than because he was Liu Tao's secretary.
He faced countless temptations, but he persisted.
If you take this path, one mistake will ruin your life and there will be no possibility of turning over.
Liu Tao's secretary is a high-risk position. In the past ten years, I don't know how many people have been imprisoned or even eaten peanuts.
Especially the secretary in charge of work in Hong Kong, it is the most dangerous position.
From 1981 to now, 8 of Liu Tao's secretaries in Hong Kong have fallen, the lightest of whom was sentenced to ten years, three were sentenced to life imprisonment, and two were sentenced to death.
Wu Qiang wanted to climb up, he knew very well that wealth was just a tool in front of power, you can get it but not spend it.
Even if you escape abroad by chance, it's useless, you will be caught back.
No one has been spared for so many years.
Only living and being safe is the first priority.
His goal is to transfer back to the secretariat of the headquarters, or serve as secretary general of other leaders, or transfer to other companies as a leader.
"Well, how is the situation?" Liu Tao asked.
Wu Qiang flipped through the information and reported seriously, after all, it involved a huge amount of money.
"Thailand, Singapore, Indonesia, the Philippines, and Malaysia have won 23 billion US dollars and 5.6 billion RMB, and the total income is expected to reach 129 billion US dollars." Wu Qiang took the lead in reporting the income of Nanyang.
In Nanyang, Annan does not have any financial market, let alone Laos and Cambodia. Myanmar is in war, where can there be any financial market.
23 billion US dollars and 5.6 billion RMB are cash income in the financial market. From this ratio, the countries in Nanyang still prefer the US dollar as foreign exchange reserves, and the proportion of RMB is not high.
So far, the Southeast Asian financial crisis has hit Southeast Asian countries and robbed them of their wealth.
Cash income is only part of the income.
You know, there will be income from loan collateral here. Many people will not be able to repay bank loans, and the loan collateral will become the bank. There are also gold, jewelry and other things, which will become the bank.
In addition, there is the bank's exchange rate income, and there will be a wave of profit when the price is low.
"At present, a part of the funds are being allocated to prepare for the continued addition of international hot money." Wu Qiang continued to report.
The next targets of the international speculators are nothing more than Hong Kong, Japan and South Korea in East Asia, and the polar bears.
You can't go to the polar bears. Once they turn against you, you will be given as much as you go.
This is the power of a sovereign state. If you dare to go too far, they will dare to turn the table.
No matter how powerful the international hot money is, how many guns, divisions, and missiles do they have?
"Hong Kong has cashed out a total of 480 billion Hong Kong dollars, and Japan and South Korea have cashed out a total of 22 billion US dollars." Wu Qiang said.
Hong Kong's cashing out began last year.
A large number of listed company stocks and a large number of stocks of their own companies were slowly cashed out when they were high.
When Hong Kong was booming, no one cared at all.
The cashing out in Japan and South Korea was not carried out until after the Spring Festival this year.
It is also because Hong Kong Bank and Standard Chartered Bank can be used as a cover, otherwise it would not be so easy.
It can be said that they are now well-equipped and will not lose even if they fight with international speculators.
Not to mention, there are allies, and the Hong Kong government has tens of billions of US dollars in foreign exchange reserves.
There is a big backer behind Xiangjiang.
Liu Tao really couldn't think of a possibility of losing this battle.
In the eyes of international speculators, Xiangjiang is a big piece of fat meat.
But in Liu Tao's eyes, these international speculators are also a big piece of fat meat.
If you dare to come, don't think about leaving without leaving money.
Liu Tao chuckled. He also wanted to know how much Soros was willing to pay and then withdraw from Xiangjiang.
Wu Qiang continued to report. As the secretary in charge of Xiangjiang's work, he must know the situation in Xiangjiang very well. He must understand and grasp the situation of Liu Tao's orders as soon as possible and report every detail.
