.The headquarters of the Hong Kong Government, 18 Alibi Road, Central, Hong Kong is a Victorian-style building. As China resumed its sovereignty the previous month, the colonial-colored Hong Kong badge was removed and replaced with the national emblem of the People's Republic of China and the Hong Kong district emblem with the pattern of Bauhinia.

At the highest point of the building, the Hong Kong Special Administrative Region Finance Department is holding a special meeting. On a huge electronic whiteboard, messages are shocking.

"On July 2, 1997, Thailand was forced to announce the decoupling of the Thai baht from the US dollar and implement a floating exchange rate system. The Thai baht exchange rate plummeted by 18% on the same day. The stock market fell by 25%.

"On July 2, 1997, Indonesia was forced to give up the price comparison between its own currency and the US dollar. The Indonesian rupiah depreciated 14% from July 2 to 14, the stock market plummeted by 30%.

"On July 2, 1997, Malaysia was forced to give up the price comparison between its own currency and the US dollar. Ringgit depreciated by 23% from July 2 to 12, and the stock market plummeted by 26%.

"On July 11, 1997, the Philippines announced that it would allow peso to be exchanged with the US dollar on a larger scale, and the peso depreciated by 11.5% on the same day. "The stock market fell by 15%.

In just one month from July 1997 to the present, the currency depreciation in most countries and regions in Southeast Asia was as high as 1,030, and the highest depreciation of the Indonesian rupiah reached more than 40. During the same period, the stock markets in these countries and regions fell by 2,040. It is estimated that in this financial crisis, the economic losses caused by the decline in the stock market alone to the same companies and regions in Southeast Asia reached more than 50 billion US dollars. The income from the two major fund sites is approximately equal to this amount of income. Affected by the foreign exchange market and the stock market plummet, these countries and regions have begun to experience serious economic recessions."

Director Liu Yunshui rubbed his eyes and felt a lot of pressure. The financial storm that occurred four years ago once again recalled from his mind. It was almost the same method. After shorting the Hong Kong stock market, he vigorously suppressed the Hang Seng Index and then used the leverage effect to amplify returns. However, the final shipment of this fund is incomprehensible. He still did not ship if the Hong Kong stock market lost a lot. He waited for half a month before shipment, making more than half of the profit.

Despite this, the financial crisis is still very destructive, sweeping away the Hong Kong government's growth since 1992, seriously hitting the economic situation in Hong Kong. The initiator and main beneficiary of the financial crisis is the current Lightning Fund. After the baptism of this financial crisis, the Hong Kong Futures Exchange has introduced three new measures to limit such attacks:

From the opening of the market on August 31, 1993, customers holding more than 10,000 Hang Seng Index futures contracts will be levied 150 special deposits, that is, each Hang Seng Index futures contract will be adjusted from HK$80,000 to HK$120,000; the reporting requirements for large-scale positions will be reduced from 500 contracts to 250 contracts must be submitted; the identity of the holder of a large-scale position must be reported to the Futures Exchange when reporting.

After four years of dormant, the beast showed its fangs again. Compared with what I did in Hong Kong last time, this time the attack was more accurate and more powerful, and it almost gave the opponent a chance to resist, instantly tearing the opponent's resistance apart. The speed of shipment was also incomparable to the last time.

The director suddenly felt heavy pressure. Quantum Fund and Lightning Fund shorted Southeast Asian currencies almost at the same time. If this is a coincidence, it is really unconvincing. But if these two major funds join forces, the destructiveness they caused is really surprising. Thailand, Malaysia, Indonesia and the Philippines are known as the four Asian tigers. The economy has developed rapidly in recent years. Some people even believe that the next ten years will be the era when the four little tigers catch up with the four little dragons. However, after the joint impact of the two major funds, the tiger skin on the four little tigers was pulled out. The results of years were lost in almost half a month.

The next two major funds' goal may be Hong Kong. In terms of strength, Hong Kong does not have particularly strong confidence and can do better than Southeast Asian countries. The only thing that can be relied on is that Hong Kong's economy has suffered similar attacks. Currently, the Hang Seng Index is only about 5,500 points, which has only doubled compared to the valuation in 1990, so it is healthier and more resistant to some extent.

However, can this kind of economy resist the impact of two major fund areas? Liu Yunshui finally made up his mind and called Beijing's hotline. Although this is a bit embarrassing, compared with the welfare of the Hong Kong government's more than 20 million people, it is best to admit his shortcomings and avoid the biggest losses.

Meanwhile, Capital International Airport

"Junior brother, give your luggage to Secretary Li. What are your plans to come to Beijing this time? Are you planning to sell your big plane?" After a few years, Li Meng has been smooth sailing in the officialdom and has become the director of the Foreign Fund Utilization Department of the National Development and Reform Commission.

"The big aircraft project has nothing to do with me. I am a poor student. Now I have graduated and have no unit to accept it. It's like having an errand with Director Li. Senior brother, if you become the director, you should treat you quickly, otherwise it's really unreasonable." In the car, Zhang Yan joked with Li Meng. Five years have passed in a blink of an eye, Zhang Yan's face has become a little calmer, and his figure has become much taller and stronger.

When Li Meng heard this, his face relaxed a little, "What? Your confinement is over?"

Zhang Yan nodded and his mood flew back four years ago. He ignored his master's repeated warnings and insisted on attacking the Hong Kong foreign exchange market, stock market and real estate market through the mortgage loans from the four major enterprises in Yinzhou District, and caused a huge disaster. If it weren't for the reservation of "retaining the party membership and expelling all public offices" that protected him, he would probably have been finished long ago, but even now Zhang Yan still finds it funny. At that time, his public office was just a temporary worker, and he was not a party member. So after the punishment, Zhang Yan found that he had joined the party.

However, the consequences of that impulse were also heavy. The companies under their jurisdiction were restricted and financing was not allowed or borrowed. In addition to the terrible wave of laid-offs in Northeast China, Northeast enterprises were in a state of turmoil. Officials at all levels complained that they barely allowed the four major enterprises in Yinzhou Development Zone to let go and take over those enterprises with poor performance.

Seeing Zhang Yan fall into deep thought, Li Meng smiled and said nothing. His junior brother looked honest, but in fact he was an amazing guy. The incident happened that time, but the accident made him jump. Seeing his power, he didn't know what his junior brother was thinking about recently, and Li Meng couldn't help but look forward to it.

Half an hour later, the car drove into the NDRC building, and Li Meng said with a smile:

"Welcome to the Development and Reform Commission. Given that you are not a regular department, I am still ready to give it to you even though I haven't sat in this position yet."

Zhang Yan shook his head and smiled and said, "I don't dare to sit in your position. Maybe I'll sit in today and fall tomorrow."

While the two of them were joking, they came to the Foreign Fund Utilization Department. In the lenient office, Li Meng looked serious and told Zhang Yan about the reason for looking for him this time. "Junior brother, I'll ask you, what level do you want to do? After destroying the Four Little Tigers, are you going to stop or continue doing it?"

Zhang Yan's face also changed, and he thought solemnly: "Senior Brother, I don't know what you said?"

Li Meng found it funny. No one could be as blatant as Zhang Yan. If he didn't understand Zhang Yan, he might have really confused him, "Pretty less, I know exactly what you did back then. Do you dare to say that Lightning Fund has nothing to do with you?"

Zhang Yan still looked very innocent, but his expression was a little twisted: "Senior brother, I'm so sorry. In fact, it's related. I am their client and I have 3,000 US dollars for them to custody. Senior brother is bad for me. You also know that I will get married in two months. Your brother and sister are very smart. It will be difficult for you to want the small village treasury in the future. Senior brothers are all men, so you must not tell me!"

Li Meng wanted to say something else, but suddenly the phone rang. Li Meng looked at the phone number and picked up the phone calmly. "Yeah, it's me, um... I know, um, I will arrange it." It seems that I don't want to say more on the phone. Li Meng just responded simply. After a moment, he put down the phone. His face was a little anxious, and his words were also very rushing. "Junior brother, I'll ask you the last question, where is your bottom line this time?"

Zhang Yan raised his hand and stroked his jaw and smiled: "My biggest goal this time is to keep Hong Kong from becoming an ATM for international speculators."

Li Meng looked at Zhang Yan with some incomprehension. As a participant in the incident a few years ago, Li Meng knew very well what Zhang Yan did. That attack made Hong Kong's economy retreat for at least three years. Why did Zhang Yan's temperament change a few years later and want to protect Hong Kong? "Junior brother, don't joke. You attacked Hong Kong so fiercely a few years ago. Why do you want to protect Hong Kong now? Are you not contradicting yourself?"
Chapter completed!