Since the Singapore dollar entered a free-floating phase, the financial market has descended into chaos, with local funds fleeing the country and overseas and Chinese-owned institutions declaring bankruptcy one after another.
As inflation rates soared, banks began to collapse one after another, starting with small banks and progressing upwards.
Without cash flow to support them, businesses laid off employees one after another. People's money became worthless, so they began to tighten their belts. Goods could not be sold in the market, and eventually the factories went bankrupt.
The economic situation in Singapore, Philippines, has acted like a domino effect, instantly dragging down the entire Southeast Asian market.
The Thai government was already heavily indebted, and now it has been hit by the second wave of the currency crisis, plunging the domestic market into chaos once again.
Thai economic advisors wish they could put that bastard Soros on the guillotine.
The currency crisis in Southeast Asia quickly escalated into a financial storm and rapidly spread to surrounding areas.
Hong Kong's tycoons are selling off their properties to avoid further losses.
However, with a large influx of properties into the market, the supply and demand imbalance in the real estate market has changed, causing property prices to plummet instantly, leaving many people heartbroken and devastated.
Chen Dong analyzed the financial and political newspapers in Hong Kong during this period and found that these newspapers seemed to be constantly exaggerating the anxiety about Hong Kong's return to China.
This time, the sale of properties by Hong Kong tycoons is not entirely due to the Southeast Asian economic crisis, but also influenced by Hong Kong's financial and political newspapers.
These news media outlets used their media resources to spread rumors about Hong Kong's return to China.
Ah Fang asked, "Hong Kong's return to China was a done deal long ago, so what's there to be anxious about?"
Chen Dong smiled and explained, "Hong Kong has a special geographical location, serving as a window connecting China with Southeast Asia and the European and American world."
"Most importantly, due to historical reasons, Hong Kong has been controlled by the United States for decades, and both economically and politically, it is more inclined to follow the rules of the United States."
"That's why Hong Kong profits from both the United States and China."
Chen Dong calculated the time; there was still one month left until Hong Kong's return to China.
He said, "The hawkish forces are now withdrawing completely. Will Hong Kong's political and economic policies change in the future? Will there be changes in internal personnel? Will the vested interests of Hong Kong's bigwigs be able to be protected?"
"That's the crux of their anxiety."
After thinking for a moment, Afang began to analyze the situation using Chen Dong's line of thought: "With Hong Kong's return to the mainland, Hong Kong's policies will inevitably align with those of the mainland. This means that speculative activities that previously took advantage of the information and policy differences between the two markets will inevitably be restricted."
"They are afraid that after Hong Kong's return to China, they will no longer be able to rely on the rules to make a living as before."
Chen Dong nodded affectionately at Afang's head and said, "You've made a lot of progress lately; you've even learned to think about the political situation."
“Actually, the political situation is similar to human relationships,” Afang said, looking at Chen Dong. “Keep your distance, don’t stand out, keep your pockets closed, and don’t take the lead. That’s the safest thing to do.”
Chen Dong put down the newspaper, something seemed to occupy his mind, and for a moment he felt that the scene was very familiar.
He thought for a moment and said, "Speculators don't care about safety. The more chaotic Hong Kong is, the more they can fish in troubled waters."
Afang didn't understand and looked at him helplessly.
"But if Hong Kong falls into chaos and the people stop spending money, where will they make their money?"
“They will set their sights on the next market, such as Russia,” Chen Dong said casually. “Once the Hong Kong government has restored the market to a healthy state, they will launch another attack.”
"And so it goes, in a never-ending cycle."
"Capitalists are heartless," Afang sighed. "They do this kind of thing just for money?"
Chen Dong explained, "Have you noticed that the political and economic situation in Hong Kong has always been controlled by a third hand?"
Afang shook her head.
"This third hand is international speculative capital," Chen Dong continued.
"Over the past few decades, the United States has supported many puppets in Hong Kong. Hong Kong has prospered for decades and has long been a window for the United States in China."
"They just left like that, are they really going to let it go?"
"So, they're just throwing things around here and there, constantly trying to throw our financial markets into chaos again so they can reap the benefits."
Afang frowned. "They're so mean."
“This isn’t the worst of it. Think about it, the Hong Kong handover was discussed with the U.S. government more than a decade ago. Why is it that they’re only now stirring up trouble and creating this anxiety about the handover?” Chen Dong asked.
Afang thought for a moment, then patted her forehead and said, "Because it's a gap period between the return."
Southeast Asia has already fallen into someone else's hands, and Hong Kong has not yet officially returned to China, while the British government agencies have been withdrawing from Hong Kong one after another.
Hong Kong today has neither China to back it up nor the United States to protect it.
Thinking of this, Ah Fang suddenly asked nervously, "So, they're about to face off against Hong Kong now?"
Chen Dong looked extremely disappointed. "The Philippines and Singapore in Southeast Asia have already surrendered. Striking Hong Kong is like striking while the iron is hot."
Soros's speech at the Hong Kong Convention and Exhibition Centre, after being amplified and promoted by major media outlets, has become a hot topic of news.
His speech at the Hong Kong Convention and Exhibition Centre wasn't about the content of his speech; the main point was that the collapse of the monetary and financial systems in the Philippines and Singapore, after being pushed forward by various forces, would cause anxiety to spread throughout Hong Kong.
They hired so many reporters and media outlets to fan the flames, precisely to amplify these anxieties, create chaos in Hong Kong, and build momentum for their upcoming attack on the Hong Kong dollar.
Soon, Soros finally obtained the results of his research on Hong Kong's financial system.
Cyber and Xiang Feng from Asia Travel Capital, Soros and Memphis from Freemasonry, Lucy, Memphis's subordinate, Poro, the boss of Yellow River Capital, and Aliya, the investment director, jointly participated in this temporary meeting.
Soros stated bluntly: "Hong Kong's foreign exchange reserves are enormous. If we are to attack the Hong Kong dollar, we must strike decisively."
"Otherwise, once the Hong Kong Monetary Authority and the Financial Bank react, we may be severely impacted."
Cyber added, "The key point is that Hong Kong is different from Southeast Asia. Hong Kong has the mainland backing it up. If we launch an attack on Hong Kong, the mainland government will definitely take action to protect Hong Kong's financial market."
"This is the most important time. Hong Kong is about to return to China. If Hong Kong's financial system is in chaos at this time, it is very likely that the mainland will be blamed."
......
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