"Yes, even Japan couldn't withstand them, I think Hong Kong is in serious trouble..."
Upon hearing this, Li Ka-shing felt uneasy. He had originally intended to buy at the bottom of the market, but now he hesitated. However, he still firmly believed that China would not stand idly by, so he was willing to take a gamble and frantically borrow money to buy land and buildings.
On May 21, 1997, amid a dramatic crash in the Hong Kong stock and real estate markets, Li Ka-shing went against the trend and bought land.
This unusual situation immediately attracted the attention of Hong Kong media.
Major media outlets sent reporters to interview Li Ka-shing.
"Mr. Li Ka-shing, hello. In the midst of this financial crisis, with the stock market and real estate market plummeting, why is Cheung Kong Holdings still taking out loans to buy land at such a frenzied pace?" the reporters asked one after another.
When interviewed, Li Ka-shing smiled and replied, "Because I am optimistic about Hong Kong's economic development, and I believe Hong Kong has the ability to weather this crisis, I am willing to take the gamble. If the land I hoard becomes worthless, then you will see someone jump off a building, and that person's name will be Li Ka-shing!"
The reporters were utterly astonished upon hearing this.
Of course, they wouldn't believe that Li Ka-shing would jump off a building because land hoarding was worthless.
The following day, major Hong Kong newspapers published Li Ka-shing's interview on their front pages.
Ming Pao: "Li Ka-shing is optimistic about Hong Kong's economic development and calls on Hong Kong citizens not to worry too much, so as not to trigger panic selling."
Sing Tao Daily: "Li Ka-shing stated that international speculators are nothing to fear, and the future of Hong Kong's real estate market is limitless. Cheung Kong Group has already secured loans from several Hong Kong banks, including HSBC, Standard Chartered Bank, and Galaxy Bank, to fund land purchases!"
The news greatly encouraged Hong Kong citizens, but the stock market was too sluggish, and people still lacked confidence.
When a financial crisis comes, confidence is very important. If individual investors unite, they will become a tremendous force.
Now, the Hong Kong British government has begun to shirk its responsibilities.
Many Hong Kong people can only seek help from themselves.
Following closely behind, major listed companies in Hong Kong announced that they were optimistic about Hong Kong's economic development and launched stock buyback programs to boost investor confidence!
the next day.
Major Hong Kong newspapers, including Ming Pao and Oriental Daily News, all published the slogan "United as one, we will overcome any obstacle!"
International speculators like Soros are well aware of what is happening in Hong Kong.
Their next step is to crash the Hong Kong stock market before Hong Kong's return to China.
A few days later, Soros gave a public interview to reporters.
In the interview, he stated with a sneer, "Our next target is Hong Kong! Without a doubt, Hong Kong will be our next super ATM!"
"Mr. Soros, as far as we know, the people of Hong Kong are uniting to prepare to resist the invasion of international speculators," the reporter said.
Soros scoffed, "Heh, they think they can resist our invasion? I hereby declare that in less than a month, we international speculators will definitely break through Hong Kong's economy and make a fortune!"
Upon hearing this, the American journalists all smiled, finding Hong Kong's overestimation of its own abilities amusing.
Soros's interview was broadcast worldwide through the media and the internet that day, causing a huge uproar.
This is blatant arrogance and an extremely overbearing attitude.
However, the thought of Southeast Asian countries being decimated by international speculators like Soros immediately made me feel lingering fear and sympathy for Hong Kong's fate.
At this time, news of Soros's public boast about defeating Hong Kong also reached Zhao Ye's ears.
Zhao Ye then sent a message.
"If Soros attacks Hong Kong, the Wujiang Group will make its move. Don't say you weren't warned!!!"
Wow, this domineering statement quickly shocked the world...
(End of this chapter)
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