Also in New York, on the same day, in the KY Investment Fund headquarters, which is only a few streets away from the headquarters of Quantum Fund, David Anderson was reporting to Yang Jing on the gains made by Pacific Capital in the Asian financial crisis over the past year."
Boss, your judgment is accurate, if you didn't tell me not to participate in the Hong Kong dollar resistance war last year, Pacific Capital will really be on the blacklist on the opposite side."
David said with great interest, "My agent used the money transferred from Europe by Niamh to enter at the last minute and help the Hong Kong Island government defeat several major investment banks, which not only allowed us to gain more than two billion dollars in that final showdown, but also gave us the goodwill of the other side." ”Yang Jing smiled and nodded, "That's right."
David, don't forget that we are just pure speculation, since it is speculation, don't think so much, everything is based on profit. ”"I know the boss, Henry has been laying out on the opposite side all these years, and now seeing that the economy on the opposite side is getting hotter and hotter, our layout is about to achieve greater gains, and I can't destroy the overall layout of the company at such a critical moment.Besides, Goldman Sachs and Merrill Lynch are too greedy, and they have already made no less than $70 billion in profits in Southeast Asian countries, as well as in Ben, South Korea, and even Russia, and in the end they are trying to eat up the foreign exchange reserves of Hong Kong Island, which is a bit too much.Boss, I always remember a Chinese idiom you said, too much, so, they were really completely wrong this time.The most important thing is that from the decisive battle ten days ago, I also saw the actions and responsibilities of the Huaxia government!
Our federal government is terrible by comparison.Ten years ago, I didn't see any responsibility or action from our federal government. ”Yang Jing waved his hand and diverted the topic and said, "David, don't talk about those high-level things, let's talk about the harvest of more than a year." ”"Okay!"
David looked excited, "We started planning the year before last, that is, in 1996, and the financial crisis that occurred in Thailand broke out as we expected.As soon as a number of hedge funds, led by Soros's Quantum Fund and Robertson's Tiger Fund, were in trouble in Thailand, we immediately dispersed and followed suit.However, in the early stage, in view of the fact that the foreign exchange reserves of Southeast Asian countries are not very large, the amount of funds we have invested is not large, after all, our main battlefield is still in the capital. ”"And then in the past year or so, we have made a total of $34 billion in net profits on the Thai baht, the Indonesian rupiah, the Philippe so, the Malaysian won, the Singapore dollar, the Taiwan dollar, the Korean won, the ruble, including the yen that has been depreciating.However, we have a lot of agents, and they are not noticeable when they are dispersed, and I am afraid that Soros and Robertson will not think that we will also enter. ”Yang Jing nodded and praised: "That's what you should do."
Snatching food from other people's mouths will be hated, so as long as there is such a condition, we try not to expose ourselves. ”"Don't worry, boss, in this Asian financial crisis, there are more than 110 agents of Pacific Capital, each agent only controls the amount of funds of one or two hundred million to three or four hundred million US dollars, and most of these agents are mainly in Europe, and the main flow of funds is also through the banks under our name and UBS, so it is impossible to catch our heels simply from the flow of funds.These agents look like ordinary European small and medium-sized investment institutions, and there is no need to worry about us being discovered. ”Yang Jing nodded, with David's experience and means, it is really nothing for such an agent to integrate into the huge international travel capital.You must know that in 1997, there were more than 3,500 hedge funds in the United States alone, and there were more than 2,000 and less than 3,000 hedge funds in Europe.Unless it is possible to grasp the flow of funds and the source of funds of these agents, it is absolutely impossible for the outside world to find out the true identity of these agents.This will lead to a bit of a cost increase, but it's nothing compared to the security and huge benefits."
Boss, the financial system of those small countries in South Asia is really rotten, and with a charge, they will directly collapse the army.Our funds are completely dispersed, so we are inconspicuous, and we have been following Soros and the big investment banks, so we can also watch the big investment banks and the local government fight each other while making profits.Hehe, to be honest, although it looks quite intense, it really doesn't make much sense, compared with these investment banks, the governments of those countries are not at the same level at all, and they are completely one-sided. ”"Haha, you guy, you have a high vision cultivated by the market, and the battlefield of tens of billions of dollars is not in your eyes?"
Yang Jing teased with a smile."
Boss, it's not me who blows, I really don't pay attention to such a small market.In total, such a large market, if we go all out, it is estimated that the economy of those countries will be able to impact the state before World War II at once, "Well, if you pretend to be forced, you can give 98 points!"
However, more than ten years ago, before David and Henry joined the KY Investment Fund, they controlled hundreds of millions of dollars of funds at most in their respective investment banks, and as a result, more than ten years later, let alone hundreds of millions of dollars, they couldn't even see tens of billions of dollars.It's no wonder that after more than ten years of training in the KY investment fund, David, Niam, Henry, etc., are all financial giants who control hundreds of billions of dollars, and they really don't care about tens of billions of dollars.Now they can enter their markets, which are North America, North America and Europe.Southeast Asia's economy is indeed a little small for a few of them."
Originally, I wanted to have a big meal on Bay Island, after all, Bay Island also has $80 billion in foreign exchange reserves, but the leaders of Bay Island were very interested, and they directly depreciated the Taiwan dollar without resistance.Alas, it is estimated that those guys in Washington can't bear to see the economy of Bay Island destroyed, after all, Bay Island is the most important part of the first island chain, and it is impossible for those guys in Washington to let the economy of Bay Island collapse. ”Yang Jing nodded, David's analysis is really correct, otherwise it would not be possible to explain why Bay Island, which has foreign exchange reserves of 80 billion US dollars, did not say a word and directly let the Taiwan dollar depreciate?
They must have been admonished by Washington to do so.What?
Aren't they watching the people of Bay Island suffer in doing so?
Hehe, it's my business that the people are damaged?
As long as I keep the $80 billion in foreign exchange reserves, I can continue to buy weapons from the American godfather, and I can maintain my position.The depreciation of the Taiwan dollar, the loss of the common people, is it my business?"
Then the yen, the won, and the ruble began to depreciate sharply, and I focused on that.Besides, didn't you say last year that you wouldn't let us participate on Hong Kong Island?
That's why I followed your instructions and didn't follow Soros and them to attack Hong Kong Island.But although I didn't participate in it, I watched the whole process, and this war was really ups and downs. ”David's rare embarrassed expression on his face is enough to prove the tragedy of this battle to defend Hong Kong Island."
Boss, you also know that I came out of Goldman Sachs, so I know the investment methods of investment banks such as Goldman Sachs and Morgan Stanley best.The market is our home turf, so Southeast Asia is just an introduction for them, and their main goal is actually the so-called 'East Asian Tigers', and harvesting benefits from these four tigers is the fundamental purpose of these investment banks. ”"However, the Bay Island cannot be moved, and just pointing to Singapore and South Korea is not enough to satisfy the greedy appetite of these investment banks, so Hong Kong Island will inevitably become one of their main targets.Moreover, the situation on Hong Kong Island in the past two years is actually full of loopholes, and it is no wonder that Goldman Sachs has to resolutely take action against Hong Kong Island. ”Yang Jing also nodded and sighed, "Yes, flies don't bite seamless eggs, Hong Kong Island's own economy is too hot, which is also the main reason why those big investment banks are targeting Hong Kong Island." ”In fact, before the Asian financial crisis, Hong Kong Island's economy was affected by the collapse of the economy and also fell to the bottom.However, after two years of adjustment in 94 and 95, it began to rebound from the bottom in 1996.In 1997, Hong Kong Island's economy grew even faster, with growth rates of 59, 68 and 60 respectively in the first three quarters.In addition, due to the regression factor, the real estate market on Hong Kong Island has also flourished, and the Hang Seng Index has repeatedly reached a record high, reaching a record high of 1667327 points on August 7, 1997, and the red-chip state-owned enterprise stocks have turned purple.At that time, the bubble in the Hong Kong Island stock market and real estate market had reached the final shocking madness, and the purchase price of a new building changed hands at HK$2.5 million; As long as the news of any third- or fourth-tier stock, that is, junk stocks, is that it has been acquired by a red-chip company, the stock price can skyrocket by 100% to 200% on the same day.With such a serious bubble, it's no wonder that those investment banks don't stare at Hong Kong Island!
Especially with the sharp depreciation of the currencies of Southeast Asian countries, the Hong Kong dollar, which is pegged to the US dollar, has appreciated relatively sharply.From an empirical point of view, currency depreciation in emerging investment markets is contagious, and there is a possibility of competitive currency depreciation because the export commodity structure of most emerging market countries is similar.In other words, the currencies of neighboring countries and regions will depreciate sharply, and people's exports will be smoother, while the Hong Kong dollar has remained strong because it is pegged to the US dollar, which will put huge pressure on Hong Kong Island's exports, and eventually lead to huge depreciation pressure on the Hong Kong dollar.The Hong Kong dollar is under such tremendous depreciation pressure, coupled with the stock market and property bubbles, which creates a natural advantage for those international speculators.In addition, Hong Kong Island has just returned, and those guys can't wait to dig a piece of meat on Hong Kong Island!"
From August last year to August 28 this year, the Hong Kong dollar has experienced a total of three major selling frenzy, which is the preparation of those big investment banks for the final showdown.They did a good job in these preparations, successfully suppressing the Hang Seng Index from more than 16,000 points to 6,006, and also caused panic among investors on Hong Kong Island.So, on that day, they launched the final battle against Hong Kong Island. ”David pouted and shook his head, "Goldman Sachs has been preparing for more than a year, but in the end, they are cheaper for us."
Of course, the Hong Kong Island government also made more than $8 billion, and finally lived up to the support of the Chinese government and our final entry. ”Yang Jing said lightly: "This is called the praying mantis catching cicadas and yellow finches behind!"
”ps: Bow and thank you for the 100 tips of "The world is big and I am self-conscious" and "Very lazy fish".