Chapter 796: Worrying "Oh?" The old man raised his eyebrows slightly, obviously thinking that Lin Yu's reply was a little interesting, and asked in a deep voice: "What do you mean is that the scale and degree will worsen?"

Lin Yu nodded heavily and said, "The economic development of Southeast Asian countries in recent years has been too fast, and they have paid too much attention to the development of financial market functions and ignored infrastructure. Such economic development, or economic prosperity, is just an illusion and virtual prosperity. Their currency in the financial market is exposed naked under the guns of others, without any protection, and there are too many hidden dangers, which is natural for arbitrage funds and hot money to attack them. This is like a three-year-old child walking in the downtown area with a bunch of priceless jewelry, and anyone must snatch it!"

"So you took action, too?" the old man asked with a smile.

"You will regret such a good opportunity if you don't take action. In addition, I don't want this money to be earned by speculators in those countries. If this is the case, it's better to give it to me." Lin Yu said with a smile.

"You're right, but..." the old man frowned slightly, and said with a serious expression: "But if you said that it's just now, the storm will be getting bigger and bigger, and sooner or later it will have an impact on us."

Lin Yu smiled and said, "At present, my country has not joined the WTO, the economy is not truly in line with the world economy, it is not conducive to external development, but its self-protection ability is very strong. Therefore, this financial crisis will not have a big impact on us. At most, the export industry will be affected by some impact and the export volume will decrease. Fortunately, Southeast Asian countries are not the main market for our export and foreign exchange earnings, so the impact is limited..."

"What about Hong Kong Island?" the old man asked with some concern.

Lin Yu smiled, he knew that this was the point the old man wanted to say to him.

The return of Hong Kong Island is about to be. If the country just exercises sovereignty and is attacked by a financial crisis, it will undoubtedly be a disaster for the already fragile people's hearts.

"Grandpa, please rest assured. No matter how strong the storm is, no matter how long it lasts, it will not have much impact on Hong Kong Island."

"What do you mean is that international funds and hot money will not attack Hong Kong Island?" the old man stared at Lin Yu and asked. He seemed a little disbelief in his words. Since these funds dared to target Thailand and Southeast Asian countries, there was no reason to just let Hong Kong Island go? Besides, even if those international speculators did not move, the old man could not believe that Western countries would not take advantage of the situation and promote behind the scenes to crack down on China's international image.

"Of course not." Lin Yu replied: "These arbitrage funds are all profit-oriented. In their eyes, Hong Kong Island is also a piece of fat. Of course, they would not take a bite."

"The mainland of the motherland is the strong backing of Hong Kong Island. Are they not afraid of our Chinese government's determination to rescue the market?" The old man's eyes flashed faintly and said loudly: "The market trend, the possibility of being affected by technology, is far inferior to that of being affected by basic strength. Hong Kong Island's own foreign exchange reserves are very large, and coupled with our country's foreign exchange reserves, international funds and hot funds may not necessarily have the advantage."

Hong Kong Island has just returned to maintain the stability of the financial market. It is not only due to economic necessity, but also political necessity. It is inevitable that international funds will take action to make a tough response to Hong Kong Island and the central government.

However, the old man's expression was not relaxed.

Due to historical and practical reasons, domestic financial figures have far less thorough understanding of the international financial situation than experts from Western countries, especially those of many years of closed-door countries, lacking practical operational experience. This is difficult to make up for in the short term. Although the central government and the Hong Kong Island SAR government have joined forces and are strong, no one can make an accurate estimate of how huge international hot money is.

Although the old man is not an economist, he has a sharpness and far-sighted vision for many things that others cannot match. He can quickly see the clues from some subtle points and think of the development and construction of the country. People have to admire that extraordinary people must have extraordinary points.

However, although the central government and the Hong Kong Island SAR government have strong strength, no one can make an accurate estimate until the last step.

"How much foreign exchange reserves are there in the country? At best, it's only more than 100 billion US dollars?" Lin Yu smiled and said, "Does Grandpa know how much hot money there are in the international market?"

The old man raised his eyebrows. Although he didn't say anything, he signaled Lin Yu to continue talking.

"7 trillion!" Lin Yu smiled and said: "There is currently about 7 trillion US dollars of liquid international capital worldwide. Once international speculators find that it is profitable in a country or region, they will immediately impact the currency of the country or region through speculation to obtain huge profits in the short term. These arbitrage funds have a very accurate grasp of the market trend. When the war is in full swing, the funds that follow the trend will be like a tide. If some countries with ulterior motives use this to fuel the fire, no one can estimate the development of the situation..."

"7 trillion!" The old man's eyes hopped slightly when he heard this, and the wrinkles at the corners of his eyes became deeper, as deep as a knife, and his expression became solemn.

How much is 7 trillion? What can I buy $7 trillion? Theoretically, I can buy 37.4% of US stocks (including New York and Nasdaq), and I can buy all Japanese companies listed on the Tokyo Stock Exchange. 7 trillion, and I can buy almost 100 listed oil companies in the world (CNPC, Sinopec, and CNOOC don’t need to buy them), and I can buy twenty Apple companies (the world’s second largest market capitalization company with the most innovative capabilities and fashion electronics brand). 7 trillion, and I can swallow 100% of all the oil produced this year. If I buy any of the above, I will have a surplus.

7 trillion US dollars can buy all real estate (residential and commercial) in 20 major cities in the United States, buy all railways 20 times around the world, 40 times on all listed airlines, or 40 times on all listed shipping companies 37 million US dollars, buy the world's most famous 100 sports clubs, 100 cultural clubs and 100 libraries 40 times on all major US dollars. According to the accounts released by the US Department of Defense, the military equipment it owns is worth 414 billion US dollars, and 7 trillion US dollars can buy all US aircraft carriers, strategic bombers, nuclear submarines, tanks, missiles, radars, military vehicles, and tents. Readers may wish to calculate it themselves.

7 trillion US dollars are a lot, which will scare any country, especially when the 7 trillion US dollars are used to deal with your country, you will be even more scared.

Even the old man who was used to seeing big scenes was shocked by the huge astronomical figure mentioned by Lin Yu. If such a large amount of funds really came, I believe that no country or region could withstand such a huge impact and its economy would be severely damaged. As Lin Yu said, the mainland will not have such problems due to strict control and closed monetary and financial policies, but what about Hong Kong Island?

Could it be that they just watched them destroy the economy of Hong Kong and slapped the Chinese government in the face?

The old man closed his eyes slightly, frowned, and couldn't help but rub his forehead.

On the issue of Hong Kong Island, he devoted too much effort. From the overwhelming majority of the 27th United Nations General Assembly, he passed the corresponding resolution with an overwhelming majority (US, UK, France, Portugal, South Africa), confirmed China's sovereignty over Hong Kong Island and Macau from international law to the Third Plenary Session of the Eleventh Central Committee, putting the resolution of Hong Kong Island, Portugal, and Bao Island on the agenda. From the old man meeting with Mrs. Thatcher in the Great Hall of the People, the first head-on contest between China and the UK, the two sides opened the Sino-British negotiations that lasted for two years, to the two sides reach an agreement in September 1984, and Thatcher officially signed the agreement in December. From criticizing Patten's "three violations" plan to keenly point out that the UK's treason must be firmly withstand, and must not make concessions, and preparations must be made in all aspects, including military preparations... From beginning to end, the old man made the final decision at critical moments and key issues.

After experiencing difficult and twists and turns of negotiations, Hong Kong Island is finally about to usher in a historical moment like this. How can the old man easily watch it suffer any harm?

"Xiaoyu, I want to ask you, what is your attitude towards this? You won't sit idly by, right?" After thinking for a while, the old man suddenly opened his eyes and stared at Lin Yu and asked, his eyes flickering.

A faint smile appeared on the corner of Lin Yu's mouth.

Ever since the old man was worried about the upcoming financial crisis in Hong Kong, Lin Yu knew that the old man asked him to go to Hong Kong Island with him this time because he wanted to drink.

On the surface, the reason why the old man took him to Hong Kong Island was to play the family card through his familiar relationship with most of the famous Hong Kong celebrities who visited Hong Kong Island, to win over and strengthen their support and support for the return of Hong Kong Island. At first, he also thought so. Of course, Lin Yu did not deny that the old man might have such plans, but in fact, more importantly, the old man wanted to know his attitude towards the financial storm that was about to sweep Asia.

In fact, Lin Yu should have figured this out for a long time. After all, no family or force will change the policies and directions that the family and force have already planned just because of their personal relationship. No matter how good the personal relationship is, it is insignificant in the face of family interests. In order to support Lin Yu, it is too unconventional to tie the entire family and force together. (To be continued
Chapter completed!