With the support of the Federal Reserve, Southeast Asian governments began encouraging international investment banks to invest in Southeast Asia.
After experiencing an economic crisis that lasted for more than two months, countries around the world have ushered in a brief spring.
Since Uncle Long, who runs a braised food shop, bought short positions, he has been watching the Hong Kong stock market every day. Every time he looks at it, he shakes his head and complains, "The currency's decline is too small."
Uncle Lung sells short positions; he can only profit if the Hong Kong dollar depreciates.
Chen Dong calmed Uncle Long's restless heart and advised, "Uncle Long, you must wait for the right opportunity before you act. Although the drop is small now, a bigger drop is definitely waiting for you later."
After hearing Chen Dong's words, Afang leaned closer and asked curiously, "Why?"
"The economies of the Philippines and Singapore have recovered, and the overall economy of Southeast Asia is gradually improving. The economic crisis in Southeast Asia is now over."
Chen Dong smiled dismissively. "Do you think the Hong Kong dollar won't depreciate just because the Southeast Asian crisis is over?"
"As long as Soros is still around, he will not let Southeast Asia and China have an easy time."
Southeast Asia and China will continue to benefit from their demographic dividends for a considerable period of time, making it a market with great potential.
"Now that the Federal Reserve has announced that it will vigorously develop Southeast Asia's land, labor and capital advantages, all international investment banks have set their sights on this market with development potential."
Chen Dong looked at Afang and added, "But the market they're eyeing isn't Southeast Asia; it's the Federal Reserve's support for Southeast Asia."
"Right now, the Federal Reserve has only announced that it will extend a helping hand to Southeast Asian countries, but it has not specified the extent of the assistance or the methods of assistance."
"In other words, although Southeast Asian governments are also taking advantage of the Federal Reserve's support to promote their economic recovery and economic support policies, everything still depends on external assistance."
After hearing this, both Afang and Uncle Long fell into deep thought.
Actions speak louder than words. The Federal Reserve is backed by the United States and is not from Southeast Asia. It's better to trust yourself than others.
"The Soros Group is currently speculating on gold in Southeast Asia. Once an asset bubble ignites in Southeast Asia, these gold buyers will be jointly crushed by the Federal Reserve and the Soros Group."
Afang never expected things to get so serious.
"But if the Federal Reserve and Soros are targeting Southeast Asian gold bulls, then..."
Afang hesitated before asking, "Would the governments of Southeast Asian countries just stand by and watch the Federal Reserve harvest their financial markets on their own turf?"
“They had no other choice,” Chen Dong sighed helplessly.
"The economic situation in Southeast Asian countries is getting worse and worse. In order to save the economy and people's livelihoods, they have no choice but to take desperate measures."
"The United States has a very strong appeal in the world, and governments around the world may not be too wary of it because of their admiration and trust in developed countries."
Upon learning that Southeast Asia was highly likely to fall into a new round of financial crisis, Afang was filled with worry.
The last Southeast Asian financial crisis triggered the devaluation of the Hong Kong dollar. The braised food shop was already struggling, and she couldn't afford to go through that again.
With the Federal Reserve announcing aid to Southeast Asian countries, international speculative capital has also set its sights on this region.
It's important to understand that the Federal Reserve's attitude, to some extent, also represents the attitude of the United States.
If the United States can provide economic growth solutions for Southeast Asia, it means that corresponding aid policies will soon follow.
At the same time, Soros's financial group ordered Sino-Ocean Bank to be the first to sell gold in Southeast Asia and China.
Banks around the world continue to inject gold into Southeast Asia, increasing local gold trading liquidity and giving the Southeast Asian economy a strong boost.
Seeing that Soros had set his sights on the Southeast Asian market, Du Xingzhi thought he had given up on attacking the Hong Kong dollar and was satisfied with the outcome.
With Hong Kong just returned to China, Du Xingzhi and Yang Fugui were both eager to claim credit.
Now that Soros has left, they have begun planning to loosen Hong Kong's monetary policy.
"How much gold does HSBC still have?" Yang Fugui asked.
The HSBC executive in Hong Kong hesitated before answering, “Some time ago, in order to ease the situation of people rushing to buy gold, HSBC released almost half of its gold reserves into the market.”
"Currently, we have about 200 tons of gold in stock, and about 100 tons are recorded in the account of the Monetary Authority."
"The total value is approximately $60 million."
In reality, the total gold reserves of the entire Chinese nation are only about two thousand tons. However, Hong Kong has always been the financial center of Asia, and this small region has accommodated capital from Europe and North America.
Hong Kong has always had high financial liquidity, and HSBC is the largest bank in Hong Kong, with its Hong Kong headquarters holding a considerable amount of gold reserves.
With the gold rush sweeping Southeast Asia, HSBC is also getting restless, wanting to use its remaining gold reserves to reap a wave of wealth.
Yang Fugui thought for a moment and said, "I'm just afraid that Soros hasn't completely given up on Hong Kong yet, he's just temporarily avoiding the juncture of Hong Kong's return to China."
If that's the case, then Soros's purpose in stirring up the gold rush in Southeast Asia is quite obvious.
"Soros's gold speculation frenzy in Hong Kong is just like the last time he drove up the Hong Kong dollar; it's all just to profit from the bulls," Yang Fugui analyzed.
"Once Soros achieves his goal, Southeast Asia will become a financial hell!"
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