Chapter 433 Fan Wubing's Escape Plan
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After listening to Fan Wubing's words, he said, "You're so strong these days~ I'm bringing the words anyway, so you can do it."
Fan Wubing held the teacup, took a sip, and then fell into deep thought.
The news brought by Jiang Lue is actually a good opportunity to escape.
In the early 1990s, when developed Western countries were in a recession, the economies of Southeast Asian countries experienced miraculous growth, their economic strength was increasing, and their economic prospects were brilliant. The economic development model of Southeast Asia was once a model that various developing countries followed before the outbreak of the economic crisis.
Southeast Asian countries are very optimistic about their respective national economies. In order to accelerate the pace of economic growth, they have relaxed financial controls and promoted financial liberalization in order to become a new world financial center.
However, the halo of economic prosperity in Southeast Asian countries ignores some very important things, that is, the economic growth of Southeast Asian countries is not based on the growth of unit input and output, but mainly depends on the increase in external investment. On this basis, financial controls are relaxed, and high-rise buildings are not built on the beach, exposing their respective currencies to international hot money without any protection, and are very vulnerable to the impact of international hot money from all directions. In addition, due to the rapid economic growth, Southeast Asian countries have generally experienced excessive speculation on real estate, overestimating the scale of enterprises and market demand, and the risk of economic crisis has gradually increased.
Last year, the International Monetary Fund economist Morris Stein said that in Southeast Asian countries, the currencies of various countries are under attack from all directions and may have a financial crisis.
Especially in Thailand, there are more dangerous factors and are more susceptible to the impact of international hot money and financial turmoil.
But Goldstein's prophecy attracted the attention of Southeast Asian countries and caused disgust. Southeast Asian countries are still intoxicated by the economic miracle they have created. This is what is called "faithful words are unpleasant, and good medicine is bitter."
Such a huge financial loophole appeared in the southeast, so naturally he could not escape Soros' eyes. He had been waiting for a favorable opportunity, hoping to fight another English-style battle.
In 1993, Soros believed that the Malaysian currency ringgit was undervalued and decided to use ringgit as a breakthrough. He joined forces with some pull-out fund managers to start siege ringgit. However, Malaysian Prime Minister Mahathir was determined to maintain a low-currency ringgit. Mahathir took a series of powerful measures to strengthen control of the country's capital market. Soros and some arbitrage fund managers had no choice but to withdraw their troops for the time being. The Malaysian currency ringgit was also spared from disaster. However, the small defeat in Malaysia did not make Soros retreat. He just waited for a better opportunity again.
Over time, Southeast Asian countries' economies are more prominent.
The central banks of famous countries have adopted the method of continuously increasing bank interest rates to reduce inflation. However, this method also provides many speculative opportunities. Even the banking industry itself is speculating on foreign currencies and joining the ranks of speculators. This will cause serious consequences to be that short-term foreign debt of banks in various countries will increase dramatically. Foreign hot money will quickly flow away. The financial markets of various countries will cause painful and large fluctuations. Although the central banks of Southeast Asian countries have also realized the seriousness of this problem, they seem to be willing but not capable of facing open liberalized markets.
There are also these problems in Hong Kong.
As a close contact with Southeast Asian countries, Hong Kong is also a goal that Soros and others are determined to win. Especially the Hong Kong market funds come and go freely. It is easy to establish their own positions in a short time. After a beautiful ambush, people will leave after such a good place. It is impossible for people to let go of such a good place.
Another factor is that it needs attention. Soros is a relatively honest person. Therefore, after the return of Hong Kong, he will definitely come to harass him. How could he be willing to do so?
So after calculating the time, Fan Wubing must have gradually withdrawn most of the funds before Hong Kong returns in 1997. At this time, Jiang Lue came to talk to him on behalf of the senior management, which gave him an excuse to withdraw from Hong Kong stocks openly, and there was no need to worry that the Hong Kong Monetary Authority would think that there were any variables and adjust financial policies.
So Fan Wubing said to Jiang Lue, "Since the senior management doesn't want me to get too deep into the Hong Kong stock market, it's okay to withdraw. Well, before the New Year, I'll withdraw more than one billion US dollars."
Jiang Lue was drinking. After hearing Fan Wubing's words, he immediately squirted out a sip of wine. After coughing several times, he was relieved. He said anxiously, "I said you are not meant to be angry with me, right? How many days will it take for the Chinese New Year? How much impact do you have to have on the Hong Kong stock market if you withdraw more than one billion US dollars in such a short time?!"
"What's your attitude? Let me stay in there? I've suffered a lot!" Fan Wubing said unhappily.
Seeing that Fan Wubing had complaints, Jiang Lue was also hesitant, so he went to the side
I waved my hand and introduced to Fan Wubing, "This is David Chen, a senior consultant of the Bureau of Management. I came here to discuss this for a while. Let him talk to you. I don't understand the things that are too professional."
David Chen and Fan Wubing smiled in his heart, shook hands with the other party, and then asked, "What are the suggestions Mr. Chen?"
Since David Chen is a senior adviser to the Hong Kong Monetary Authority, he naturally had some ideas about this matter. Considering that Fan Wubing would not be willing to sacrifice his own interests, he made a suggestion, "The Administration hopes that Mr. Fan can withdraw from the Hong Kong market in an orderly manner. In order not to have too much impact on Hong Kong stocks, he hopes that Mr. Fan will gradually reduce his holdings in his shares within half a year."
In fact, Hong Kong is also worried that Fan Wubing will suddenly withdraw his investment in anger, which will cause too much damage to Hong Kong stocks. Since the two sides have started a negotiation, they can reach a consensus and properly resolve the matter.
Seeing that Fan Wubing was hesitant, David Chen said, "The current trend of Hong Kong stocks is just right, and it is rising steadily. Mr. Fan withdraws his investment within half a year and will definitely not lose any losses, and he can even have certain returns. This is also our sincerity."
"Since that's the case, I won't be able to say anything more." Fan Wubing thought about it for a moment, then raised his head and smiled, "Let's do this, from now on, withdraw one billion US dollars a month, and before National Day, how about withdrawing all the funds?"
After hearing this, David Chen felt that although the period was different from the half-year period, it was only two months later. The most important thing was that Fan Wubing was willing to cooperate. This was the first priority. Even if his task was completed, he agreed.
Fan Wubing also found the company executives in charge of this business and spoke to Qin Rushan on the phone, asking him to choose stocks to withdraw from the market as appropriate to reduce his holdings in an orderly manner.
After all this, David was very happy and said that the Hong Kong Monetary Authority was very grateful to Mr. Fan for his cooperation and sent Fan Wubing the invitation to visit the July 1st return ceremony.
"This is a must-go. At that time, I may have to bring a few people there, which is more disturbing." Fan Wubing said with a smile, "In order to welcome the return of July 1st, I specially bought a few villas on Hong Kong Island. This shouldn't be refunded, right?"
"Where is where, if Mr. Fan is willing to develop in Hong Kong, we are the most welcome. We are worried that you will be like the academic style group and you will leave after passing by.
"David Chen immediately expressed his attitude.
In fact, if Fan Wubing really wants to take root in Hong Kong for construction and development, they are too happy, so how could they chase people? But it would be different to make money in the stock market. If you make money from others, you will be jealous of others.
After seeing off David Chen and other relevant financial management personnel, Jiang Lue said to Fan Wubing, "To be honest, I don't want to come this time, and I have no choice but to take on this job."
Jiang Lue also complained about the snobbish Hong Kong forces, thinking that the senior management's policies towards them were too relaxed, and this practice of damaging the interests of others was obviously for their own selfishness, which was despicable.
Fan Wubing smiled and said, "When doing business, you must pay attention to your own territory. The cross-river dragons are naturally strong. But now the Tigers suddenly have a backer to rely on, so they naturally have to make good use of it. Once they pass the 1997s, they will not have such a good opportunity."
Everyone is just using each other. Mainland leaders hope that Hong Kong's political situation will be stable when the 1997 return, so they need active cooperation from all major families, so they must take care of their interests. The major families are arrogant because of their favor. With this good opportunity, how can businessmen not take the opportunity to make money?
In fact, even if Fan Wubing doesn't agree to this matter, it would be fine. If the major families join forces to short, it will be just a loss. Through other ways, the losses can still be made up, but this great opportunity has been wasted in vain.
You should know that it is rare to take the time and energy to gather popularity in the stock market. It takes a long time to suppress the market and then lift it up again. None of the big families do not have the mood to waste time, so it is the best result to reach a settlement with Fan Wubing.
It seems that Fan Wubing still gives them face, to be precise, to be precise, giving face to the high-level mainlanders.
But for Fan Wubing, isn’t this a good opportunity? If you withdraw your investment, someone will automatically cover it up. With someone taking over, it will be much easier to withdraw.
Since you have made money, why do you have to wait until the collapse before quitting?
Chapter completed!