Hong Kong's stock market plummeted due to the Asian financial crisis.
If state speculators short Hong Kong, the success rate is extremely high.
In Soros's view, the Asian financial crisis was unstoppable, and how could a tiny place like Hong Kong possibly withstand it?
With the Hong Kong stock market crashing and the economy in recession, Wujiang Group is bound to suffer severe losses.
...
China was not greatly affected by the financial crisis; in fact, it could be said that it was quite beneficial to China.
Following the financial crisis in Southeast Asian countries, a large amount of capital fled the country. China, currently the world's most developed country, saw capital fleeing Southeast Asia flow into China, thus accelerating China's economic development.
As is well known, there is a siphon effect in economics, which means that the development of regional economies can create a siphon effect. Once this effect occurs, an economic tornado will appear. When the tornado moves, it will generate huge energy, attracting surrounding individuals, businesses and countries, and the impact on economic resources is very obvious.
Typically, wealth and resources flow from poorer to richer regions, and populations also flow from less developed to more developed regions.
The Asian financial crisis was like giving China wings, enabling the Chinese economy to achieve leapfrog growth.
At this time, major domestic newspapers were also reporting extensively on the Asian financial crisis, and also reported that Wujiang Group had foreseen the future and made an extremely shrewd decision. Of course, they also exposed how Wujiang Group made a fortune.
However, this news is welcomed by the Chinese people.
Wujiang Group is one of the most famous companies in China. It has been engaged in charitable activities for many years. The rise of Wujiang Group has benefited countless people in China. Everyone is hoping that Wujiang Group will earn more money from Southeast Asian countries.
"Wujiang Group is the most conscientious company in China. The achievements of China's economy and technology today are inseparable from the contributions of Wujiang Group. The more Wujiang Group earns, the happier I am!"
"Wujiang Group is awesome! I read in the newspaper that international speculators led by Soros are actually just doing all the work for Wujiang Group. Hahaha, it's hilarious to think about!!!"
"..."
Many domestic entrepreneurs were astonished, feeling that Wujiang Group made money far too easily.
That's how they easily made hundreds of billions of dollars.
They work themselves to the bone, but they don't earn much at the end of the year.
After watching the news, Duan Yongping of BBK Electronics was speechless for a long time.
Lenovo's Liu Chuanzhi muttered "hundreds of billions of dollars," completely dumbfounded.
TSMC's CEO, Chang Chung-mou, was speechless with emotion. TSMC was being driven to the brink of bankruptcy by the Wujiang Group, and to see this news at this time was simply a cruel blow.
Old Wang of Wanda Group couldn't help but calculate how many "small goals" Wujiang Group could earn during this Asian financial crisis. After calculating, he was envious. He thought, "A son should be like Zhao Ye!" Then he gave his son a good beating. He was almost ten years old and still so naughty. All he did was play games and send money to Wujiang Group. He thought, "I might as well beat him to death. I'll have a second child and start a new account..."
...
At this time, countless people in Hong Kong were filled with worry and restlessness.
The Hong Kong stock market has been plummeting.
Major media outlets have speculated that international speculators will short Hong Kong.
International speculators have turned Southeast Asia into a super ATM, so there's no reason they'd let Hong Kong off the hook.
Therefore, Hong Kong people are very worried at this moment.
Hong Kong's bigwigs would get together every now and then to discuss countermeasures.
"Amid the Asian financial crisis, everyone is panicking and scrambling to sell stocks, with a severe lack of confidence. Meanwhile, international speculators are too powerful; trying to rescue the market is going to be difficult!" Huo Yingdong sighed.
Lee Shau-kee of Henderson Land Development frowned and said worriedly, "Once international speculators shift their focus to Hong Kong, the Hong Kong stock market will inevitably plummet. I don't know how determined the Hong Kong government is to rescue the market. We businessmen alone are no match for them. Right now, we can only rely on the Hong Kong British government."
"I don't think the Hong Kong British government can be relied on at all. The handover is about to take place, so why would Britain care about Hong Kong's fate?!"
"Yes, I think Britain might be more than happy to leave a mess on the mainland. But for us, that would be a huge blow!"
"Old Li, what do you think? Why aren't you saying anything?"
Everyone looked at Li Ka-shing.
Although Li Ka-shing is not yet the richest man in Hong Kong, his capital is enough to rank him among the top five. His influence and status in Hong Kong are quite significant.
As the saying goes, "Crisis is an opportunity."
Unlike others, Li Ka-shing is particularly adept at finding opportunities in crises.
He gets excited whenever others are afraid.
He seized several opportunities, enabling the company to grow rapidly.
This time, when the Asian financial crisis broke out, while everyone else was panicking, Li Ka-shing was ambitious and wanted to take the opportunity to make a fortune.
"As everyone says, Britain doesn't care about Hong Kong's fate, but the mainland shouldn't stand idly by! I believe that with Hong Kong's return to China imminent, the mainland will try to stabilize Hong Kong's economy. Therefore, our Cheung Kong Holdings is willing to take a gamble and remains optimistic about Hong Kong's economic development..."
"Old Li, what you said is certainly correct, but it won't be easy for the mainland to rescue the market. Southeast Asian countries, and even Japan and South Korea, are struggling to withstand the economic crisis. Japan is a country with a very strong economy, and its per capita income is much higher than China's. Recently, international speculators have shifted their focus to Japan, causing the yen exchange rate and stock market to plummet one after another. Confidence in the securities market is severely lacking, and the stock market is under heavy selling pressure. Japanese stock investors are terrified and still have lingering fears!"
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