Easy Tycoon

Chapter 864 The Mantis Catches the Cicada Oriole Behind
Also in New York, on the same day, at the KY Investment Fund headquarters just a few streets away from the headquarters of the Quantum Fund, David Anderson is reporting to Yang Jing on Pacific Capital's efforts in Asia over the past year. Gains in the financial crisis.

"Boss, your judgment is accurate. If you hadn't told me not to participate in the Hong Kong dollar blocking war last year, Pacific Capital would have been blacklisted on the opposite side." David said enthusiastically, "My The agent used the funds transferred by Niam from Europe to enter the market at the last minute and assisted the Hong Kong Island government to defeat several major investment banks. This not only allowed us to gain more than 20 billion US dollars in the final decisive battle , It also allowed us to gain the favor of the opposite party."

Yang Jing nodded with a smile and said: "That's right. David, don't forget that we are just speculating. Since it is speculation, don't think so much. Everything is based on profit."

"I know BOSS, Henry has been making arrangements on the opposite side for these years, and now that the economy on the other side is getting hotter and hotter, our layout is about to achieve greater gains. I can't destroy the company's overall layout at this critical moment Besides, the guys from Goldman Sachs and Merrill Lynch are too greedy. In the early stage, they have made no less than 700 billion US dollars in profits in Southeast Asian countries, Japan, South Korea, and even Russia. In the end, they even tried to eat up the foreign exchange of Hong Kong Island. Reserve, this is a bit too much. Boss, I always remember a Chinese idiom you said, too much is too much, so they really made a complete mistake this time. The most important thing is that I started from the decisive battle ten days ago. In the middle, I also saw the deeds and responsibilities of the Chinese government! In comparison, our federal government is too bad. In the stock market crash ten years ago, I did not see any responsibilities and deeds of our federal government."

Yang Jing waved his hand and changed the topic and said, "David, don't talk about those high-level matters, let's talk about what you have gained over the past year."

"Okay!" David seemed very excited, "We started planning in 1996 the year before last, and the financial crisis in Thailand really broke out as we expected. Take Soros' Quantum Fund and Robertson's Tiger As soon as many hedge funds headed by funds launched troubles in Thailand, we immediately dispersed and followed up. However, in view of the fact that the foreign exchange reserves of Southeast Asian countries are not very large, we did not invest a large amount of funds. After all, our main battlefield is still in Japan. .”

"Then over the past year or so, we have gained a total net profit of US$340 billion in Thai baht, Indonesian rupiah, Philippine peso, Malaysian dollar, Singapore dollar, Taiwan dollar, Korean won, and ruble, including the depreciating Japanese yen. .But we have a lot of agents, and they are scattered and unnoticed. I am afraid that Soros and Robertson will not think that we will also enter the field."

Yang Jing nodded in praise and said, "That's the way it should be done. People will be jealous if they snatch food from other people's mouths, so as long as we have this condition, we should try our best not to expose ourselves."

"Don't worry, boss, during the Asian financial crisis, there are more than 110 agents of Pacific Capital, and each agent only controls one to two to three to four billion dollars of funds, and most of these agents are based in Europe. Lord, the main flow of funds is also through the banks under our name and UBS, so it is impossible to catch us simply from the flow of funds. These agents seem to be ordinary European Chinese Small investment institutions, don’t worry about us being discovered.”

Yang Jing nodded. With David's experience and methods, it's really nothing for such a small number of agents to integrate into the huge international hot money.You must know that in 1997, there were more than 500 hedge funds in the United States alone, and there were more than 2000 less than [-] hedge funds in Europe. There are so many hedge funds, and hundreds of agents are mixed among them. It's really like pouring a glass of water into a lake.

Unless the flow and source of funds of these agents can be grasped, it is absolutely impossible for the outside world to find out the true identity of these agents.

Although doing so will lead to an increase in cost, compared to the safety and huge benefits, this increase in cost is nothing at all.

"Boss, the financial systems of those small countries in South Asia are really rotten. One charge, they will be defeated directly. Our funds are completely scattered, so we are not very eye-catching, and we have been following Soros and those Behind the big investment banks, so while we are reaping profits, we can also watch the big investment banks in the front fight with the local government. Haha, to be honest, although it looks fierce, it really doesn’t mean much. The governments of those countries Compared with these investment banks, they are not at the same level at all, and they are completely crushed by one side."

"Haha, you guy, you have been trained by the Japanese market, and you don't pay attention to the battlefield of tens of billions of dollars?" Yang Jing joked with a smile.

"Boss, I'm not bragging. I really didn't pay attention to such a small market. There is only such a big market in total. If we go all out, we may be able to impact the economies of those countries before World War II. status."

Well, this pretense can be given 9.8 points!
However, before David and Henry joined the KY investment fund more than ten years ago, they controlled hundreds of millions of dollars in their respective investment banks at most. After more than ten years, let alone hundreds of millions of dollars, They can't even see tens of billions of dollars.

No wonder, after more than ten years of training in the KY investment fund, David, Niam, and Henry are all financial giants who control hundreds of billions of dollars. I really don't pay attention to it.

Now the markets that can enter their eyes are North America, Japan and Europe.The economic size of Southeast Asia is indeed a bit small for them.

"At first I wanted to have a big meal in Bay Island. After all, Bay Island also has 800 billion US dollars of foreign exchange reserves. As a result, the leaders of Bay Island were wise and directly depreciated the Taiwan dollar without resistance. Alas, I guess the gang in Washington Guys can't bear to see Bay Island's economy destroyed, after all, Bay Island is the most important part of the first island chain, and those guys in Washington can't let the Bay Island's economy collapse."

Yang Jing nodded. David's analysis is really correct. Otherwise, it would be impossible to explain why the Gulf Islands, which has foreign exchange reserves of 800 billion US dollars, let the Taiwan dollar depreciate without saying a word.They must have been warned by Washington that they would do this.

What?Aren't they just watching the people of Bay Island suffer losses by doing this?
Hehe, it's none of my business if the common people get hurt?As long as I keep the 800 billion US dollars in foreign exchange reserves, I can continue to buy weapons from the American sugar daddy, and I can keep my position.The depreciation of the Taiwan dollar and the loss of ordinary people are none of my business?
"Later, the yen, Korean won, and ruble also began to depreciate sharply, and I focused on that. Besides, didn't you say last year that we would not be allowed to participate in Hong Kong Island? So I followed your instructions I did not follow Soros and the others to attack Hong Kong Island. Although I did not participate, I have been watching the whole process. This war is really ups and downs." David's rare expression of sorrow is enough to prove that this Hong Kong The tragedy of the island defense battle.

"Boss, you also know that I came from Goldman Sachs, so I know the investment methods of investment banks such as Goldman Sachs and Morgan Stanley the most. The Japanese market is our home field, so Southeast Asia is only theirs. An introduction, their main goal is actually the so-called 'Four East Asian Tigers', and harvesting profits from these four tigers is the fundamental purpose of these investment banks."

"However, the Bay Island cannot be moved. Just pointing at Singapore and South Korea is not enough to satisfy the greedy appetite of these investment banks. Therefore, Hong Kong Island will inevitably become one of their main targets. Moreover, the situation of Hong Kong Island in the past two years In fact, it is also full of loopholes, no wonder Goldman Sachs and the others want 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. This is the main reason why those big investment banks are targeting Hong Kong Island."

In fact, before the Asian financial crisis, the economy of Hong Kong Island was affected by the collapse of the Japanese economy, and it also fell to the bottom.However, after two years of adjustment in 94 and 95, it began to recover from the bottom in 1996.

In 1997, Hong Kong Island's economy developed faster, with growth rates of 5.9%, 6.8%, and 6.0% in the first three quarters.Moreover, due to the stimulation of regression factors, the real estate market on Hong Kong Island has also flourished. The Hang Seng Index has repeatedly hit new highs.

At that time, the bubble in the Hong Kong Island stock market and real estate market had reached its final astonishingly crazy level. The resale price of a new building subscription certificate reached 250 million Hong Kong dollars; After the news, 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 keep an eye on Hong Kong Island!
Especially as the currencies of Southeast Asian countries have depreciated sharply, the Hong Kong dollar, which is linked to the US dollar, has appreciated significantly in relative terms.From an empirical point of view, currency depreciation in emerging investment markets is contagious. Since most emerging market countries have similar export commodity structures, there is a possibility of competitive currency depreciation.

In other words, if the currencies of neighboring countries and regions depreciate sharply, their exports will be smoother, while the Hong Kong dollar has remained strong because it is pegged to the U.S. dollar, which will put huge pressure on Hong Kong Island’s exports, and eventually lead to huge pressure on the Hong Kong dollar to depreciate. .

The Hong Kong dollar is facing such huge depreciation pressure, coupled with the bubbles in the stock market and real estate, this creates a natural advantage for those international speculators.In addition, Hong Kong Island has just returned to China, those guys can't wait to dig a piece of meat from Hong Kong Island!

"From August last year to August 8 this year, the Hong Kong dollar has experienced three major sell-offs. These are the big investment banks preparing for the final battle. They have done a good job in these preparations , successfully suppressed the Hang Seng Index from more than 8 points to 28 points, and also triggered panic among Hong Kong Island investors. So, on that day, they launched the final decisive battle against Hong Kong Island.”

David pursed his lips and shook his head, "Goldman Sachs has been preparing for more than a year, but in the end it is cheaper for us. Of course, the Hong Kong Island government has also made more than 80 billion U.S. dollars, and it has finally lived up to the support of the Chinese government and ours. Last entry."

Yang Jing said lightly: "This is called the mantis catching the cicada and the oriole behind!"

PS: Bow down and thank you for the 100 rewards from "The Heaven, the Earth, My Way" and "Very Lazy Fish".

(End of this chapter)