Wujiang Group has not offered any explanation for selling its Southeast Asian assets. Meanwhile, experts, professors, and economists from various Southeast Asian countries have stepped forward to advocate for the economies of these countries and tout the economic achievements Southeast Asia has made in the past decade.
Then, criticizing Wujiang Group for selling off its assets is undoubtedly an extremely foolish decision.
Seeing that experts and professors were saying this, many people actually believed it.
However, while Southeast Asian countries appear calm on the surface, undercurrents are actually surging.
Many shrewd people are also planning to abscond.
Meanwhile, the giant crocodiles from abroad bared their ferocious fangs, preparing for a hearty meal.
The Quantum Fund, led by George Soros, had already begun borrowing Thai baht from banks, converting it into US dollars, and then continuing to borrow large amounts of Thai baht to sell and buy US dollars.
Wujiang Group actually borrowed Thai baht from local Thai banks earlier than Quantum Fund. However, instead of selling these baht and disrupting the financial market, they used them to purchase large quantities of Thai agricultural products and minerals, or invest in power, telecommunications, and network infrastructure, which in turn contributed to Thailand's economic prosperity.
Soros borrowed Thai baht and then sold it off, aiming to induce people to exchange their baht for US dollars. As Thailand's foreign exchange reserves were insufficient, the baht had to depreciate. Soros could then use US dollars to buy back the depreciated baht at a low price and return it to the banks, thus making a huge profit.
Wujiang Group did not sell Thai baht, but it borrowed far more Thai baht than the Quantum Fund, possibly even twenty or thirty times more. In the future, it can exchange a batch of depreciated Thai baht for US dollars and then repay the bank.
Similarly, Wujiang Group is doing similar things in other Southeast Asian countries.
Once the Asian financial crisis breaks out and the currencies of Southeast Asian countries depreciate wildly, the biggest winner behind it will not be Soros and the Quantum Fund, but Zhao Ye and Wujiang Group.
Soros and his Quantum Fund are at best pawns, scapegoats for the Wujiang Group.
In this lifetime, because the Wujiang Group has borrowed a lot of money, Southeast Asian countries will naturally suffer even greater losses.
But this is exactly in Wujiang Group's interest.
The more severe the losses in Southeast Asia, the better the Wujiang Group can take advantage of the situation.
However, the earlier-than-expected outbreak of the Asian financial crisis may have a significant impact on Hong Kong.
In the previous life, when the Asian financial crisis broke out, Hong Kong had already returned to China. At that time, the country made a promise to intervene, which gave Hong Kong great confidence and strength, and thus repelled the invasion of international speculative capital led by Soros.
Now, if an Asian financial crisis were to break out before Hong Kong's return to China, how would the Hong Kong British government handle the situation?
In fact, as early as 1992, Soros attacked the British pound, which directly caused the UK to collapse.
This shows that Britain has long lost the glory of its former "empire on which the sun never sets".
Britain was neither capable nor willing to manage the Asian financial crisis; wouldn't it have been better to leave the mess to the mainland?
Therefore, Hong Kong may suffer a severe blow in this Asian financial crisis.
However, the biggest losers were the financial and real estate companies, which conveniently allowed Wujiang Group to buy up shares at rock-bottom prices and rescue the market as a savior.
The immense financial resources of the Wujiang Group are beyond the reach of even the combined wealth of international speculators, led by George Soros.
It wasn't that Zhao Ye looked down on them; Wujiang Group at that time had more than $160 billion in foreign exchange reserves, which was $20 billion more than China's foreign exchange reserves at the time.
If Wujiang Group were to apply to participate in the war, even just by issuing a public announcement, it would greatly boost the confidence of the people of Hong Kong and then crush international speculators.
Sometimes, confidence is more important than anything else. In a past life, because of the mainland's guarantee, if Hong Kong's capital reserves were insufficient, the mainland government would step in to bail out the Hong Kong market. As a result, the Hong Kong government used HK$120 billion to enter the stock market, and before the money was spent, the state speculators lost everything.
Southeast Asian countries lack powerful backers, have very low foreign exchange reserves, and high debt levels, which has given international speculators like Soros an opportunity to exploit them as "super ATMs."
At present, Wujiang Group's layout in Southeast Asia is basically complete. It is just waiting for Soros to play the villain, while Wujiang Group will reap the benefits.
Based on Thailand's current foreign exchange reserves of $30 billion, it would take approximately three to four months for the Thai foreign exchange market to collapse.
...
Since Wujiang Group refused to be interviewed by reporters, the hype surrounding Wujiang Group's pessimistic outlook on Southeast Asia eventually subsided.
In an attempt to further divert attention, on the morning of December 10, 1996, the Shanghai Animation Film Studio announced that the science fiction blockbuster "Independence Day," starring Jackie Chan, would be released on December 25, 1996.
The news immediately attracted a lot of attention.
This film had a budget of $80 million and a publicity cost of $40 million, which is truly a huge investment.
It's important to know that prices in China, actors' salaries on set, crew wages, special effects costs, and so on, are all much lower than in the US.
In fact, this $80 million production cost is equivalent to a Hollywood sci-fi blockbuster produced by a US film company for more than $100 million.
The movie poster, featuring a stunning shot of an alien spaceship hovering over a city, drew countless people to the cinema.
Many people don't care about things in Southeast Asia right now; they mostly only care about things that are closely related to their own lives, such as the upcoming release of the movie "Independence Day".
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