"Hahaha, they really do look like firefighters! Speaking of which, the US must be furious by now. It's said that South Korea was the first to beg the US for a bailout. But, unfortunately, the conditions proposed by the US were extremely harsh, and South Korea didn't agree. Actually, the main reason is that Wujiang Group is involved; otherwise, South Korea would have had no choice but to bow down to the US."

"Damn, according to you, does that mean the US hates the Wujiang Group to death?"

"Absolutely, but Wujiang Group is incredibly powerful, and the US can't do anything about it. If Wujiang Group stops exporting chips to the US, the US's technological development will fall behind!"

"..."

The crowd below the stage was buzzing with discussion.

A few minutes later, as expected, Zhao Ye announced at a press conference that Wujiang Group would use a large amount of funds to rescue the South Korean financial market.

With the help of the South Korean government, [Boundless Capital] was the first to invest in the shares of Samsung, Hyundai, LG and other groups.

Once the leading companies develop, the Korean economy can be completely revitalized.

"Mr. Zhao, with Wujiang Group's efforts to rescue the market, are you still financially well-funded?" a reporter suddenly asked, genuinely curious about just how powerful Wujiang Group's finances were.

Upon hearing this, Zhao Ye smiled slightly and replied, "Hehe, that's a very good question. Let me put it this way: Wujiang Group's cash reserves rank among the top five in the world's dollar reserves. Now you know just how rich Wujiang Group is..."

These words stunned everyone present, leaving them incredulous and thinking Zhao Ye was joking...

It's unbelievable that a single company's US dollar foreign exchange reserves could rival those of Western powers like Britain, France, and Germany.

Zhao Ye couldn't help but find it amusing to see everyone's stunned expressions.

They don't really understand the country's foreign exchange reserve mechanism. Generally speaking, Western countries don't hold too much foreign exchange reserves.

For example, the more US dollars a country holds in reserves, the more severely it will be exploited by the US.

By 2023, the UK's foreign exchange reserves will only amount to $100 billion.

Apple, on the other hand, has cash reserves of $285.1 billion.

Because China does business with the US on a very large scale, China has a huge amount of US dollar reserves. Every time the US prints money, it is like fleecing China.

In its past life, the reason why China was so eager for the internationalization of the RMB was that it no longer wanted to be exploited by the US.

The wealth of country M and the affluent lives of its people are built upon the suffering of countries around the world.

However, Zhao Ye believes that the internationalization of the RMB will proceed very quickly in this lifetime.

China's economic size and technological strength enable the renminbi to replace the US dollar as the regional settlement currency.

...

Soon, news of Wujiang Group's press conference reached the United States, and the authorities there were extremely angry, as Wujiang Group had repeatedly thwarted the United States' plans.

However, Wujiang Group cannot be blamed for this.

Wujiang Group, acting out of humanitarian principles, stepped in to rescue the market.

Is there a problem with this?

What grounds does the US have to criticize the Wujiang Group?

At this critical juncture, as a major world power, the US should have proactively offered assistance, but instead, it sought to take advantage of the situation and allow US capital to control the Asian economy. In its past life, the US succeeded.

But in this life, the intervention of the Wujiang Group has caused the United States to become estranged from Southeast Asia, Japan, South Korea, and other countries.

...

South Korea quickly contacted domestic conglomerates to prepare to accept investment from [Boundless Capital].

With the South Korean government involved, the negotiations went relatively smoothly.

From April to May, Wujiang Capital successively invested in Samsung, LG, POSCO, Daewoo, Hyundai and other groups.

However, the shareholding is not large, generally between 10% and 15%. Nevertheless, the equity of the consortium is relatively dispersed, with [Boundless Capital] essentially becoming the largest or second-largest shareholder.

However, the company's control remains firmly in the hands of the Koreans.

Zhao Ye did not seek control of the South Korean conglomerate; that was impossible.

[Boundless Capital] has already achieved a considerable stake, and can now share in the huge dividends brought about by the rapid economic development of South Korea.

Another aspect is to increase the influence of the Wujiang Group in South Korea.

With such a large shareholding, Wujiang Capital naturally holds a seat on the board of directors and wields considerable influence.

...

Starting in June, South Korea's economy began to recover.

Even Japan's economy has begun to recover.

The Asian financial crisis is basically over.

Seeing this, Soros and his group also stopped.

However, the Asian financial crisis did not allow international speculators like Soros to make a lot of money.

Instead, it led to the success of Wujiang Group.

This transformed Wujiang Group into a super business empire capable of influencing the economic fate of Southeast Asia.

As long as the Asian economy recovers, Wujiang Group's assets will increase dramatically.

At present, Zhao Ye no longer has time to pay attention to the Asian financial crisis.

It's already July.

Soon, a massive flood will break out, affecting the entire country.

"Liu Yinyin, how is the Three Gorges Dam project progressing?" Zhao Ye asked.

He had previously asked Liu Yinyin to pay close attention to the progress of the Three Gorges Dam.

"Fortunately, the progress is fast, but it will still be a year or two before it is completed. However, the Three Gorges Dam can already play a role in flood control."

As Liu Yinyin answered, she glanced out the window at the torrential rain. She knew very well what Zhao Ye was worried about.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!