Yang Jing looked at David Anderson, then shook his head and said, "David, you should know that our future development focus will be on the other side of the Pacific Ocean. If we also take action against Hong Kong Island, will the opposite side jammed our neck?"

David nodded simply: "BOSS, if I were the opposite, I promise to prohibit everything related to KY Investment Fund from entering my country. That's why I kept hesitating and not agreeing to Soros and Robertson's request."

"That's right. David, you are an excellent investor. You have a strategic investment vision. I believe you can also see the huge energy that is bursting out from the country across the Pacific. Yes, they are indeed not rich now, but we cannot just look in front of us. We must look at it longer, for example, ten years later, twenty years later!"

David smiled, "BOSS, I just feel a little unwilling to accept it. If we take this opportunity to enclose the foreign exchange reserves on the other side, our profit in this battle will have to be at least over 70 billion US dollars."

"Haha, but this little money is nothing to do with the layout across the ocean in the future. David, at your age, you can see the country opposite rise again, and that country will grow into a country that makes people feel awesome. Listen to me, don't get involved with those guys this time, we are not short of that little money."

"BOSS, can that country really grow to that level? Is it even more powerful than the Federation?"

"Yes!" Yang Jing nodded with certainty, "I don't think it takes thirty years to make China's total economic output surpass the Federation, and not only the total economic output, that country is not weaker than the Federation in military terms. And I'm also sure that China will have its own aircraft carrier formation within twenty years! So, don't underestimate that country, we must look at that country with awe."

"Can they develop so fast?" David asked in disbelief.

"Facts are better than words! What I say now is that you will definitely not believe it before you see it with your own eyes, but I believe in that country. So, David, no matter from that aspect this time, Pacific Capital should not participate in Soros' plan. We only need to make our profits in the markets of Southeast Asian countries, Japan and South Korea."

After a pause, Yang Jing continued: "Even when necessary, arrange an agency fund to go out and help Hong Kong Island fight against Soros and the others in the name of that fund."

"Ah? Why do we do this? If we do this, once the news leaks, we will immediately become enemies of Soros and the others."

"Enemy? Haha...David, don't be so arrogant about them! Let's not talk about KY investment funds, even if it is the power of Pacific Capital, do you think Soros or Robertson have the qualification to become our enemy? You underestimate us too much!"

Yang Jing's words were absolutely domineering, but they were definitely not exaggerated!

After Japan continuously reaps huge profits in the Japanese market, Pacific Capital has now grown into a behemoth. Although few outsiders know about this behemoth, as the CEO of Pacific Capital, David Anderson, who knows Pacific Capital best.

Now the cash controlled by Pacific Capital alone is as high as more than 300 billion US dollars. As for the assets controlled by Pacific Capital, it is even more huge.

If we have to use an exact number to reflect the current overall capital of Pacific Capital, then this number has exceeded one trillion US dollars!

Such a huge behemoth, let alone the quantum fund that currently only has $6 billion in capital and the Tiger fund that has $11 billion in capital, even if they tied up together, they would not be able to catch up with a little toe of Pacific Capital!

It is no exaggeration to say that if Pacific Capital surfaces now, it will be a complete large consortium! The small quantum fund and Tiger Fund are not qualified to become enemies of Pacific capital!

Although Quantum Fund and Tiger Fund are quite famous, in front of Pacific Capital, the prehistoric mammoth elephant, they are just two more famous ants. Pacific Capital can still easily crush them!

David was stunned for a moment, then scratched his head and laughed embarrassedly, "That's right, boss, they don't even have the qualifications to be our enemies, why should I care about them?"

"Haha, this is my good David!" Yang Jing smiled and applauded and expressed his encouragement. "Go, harvest our profits in East Asia well, ignore the clamor of those two guys, they can't do it! Also, who said we can only follow them and make money? If Soros and the others have a crisis, we can turn around and swallow their profits. Who are we? Don't forget that we are Pacific Capital! We are the real masters of this gluttonous feast!"

"I understand the boss. But I will still be very careful. I will not let others know that we will send agents to deal with them. After all, it is better to have one enemy less than one more enemy."

"Well, then you can do this matter as you please! Find a few more layers of agents and don't expose us as the best. Also, pay more attention to South Korea and Russia. If necessary, you can discuss it with Niam to see if you scrape a layer of grease from the hairy bear."

"I understand the boss, I'll do it now."

Seeing David Anderson turn around and walk out, Yang Jing nodded with satisfaction.

The financial crisis that broke out in mid-1997 that affected the entire East Asia and half of Eastern Europe was a feast for hot money around the world. Under the leadership of Soros, these international hot money did make a lot of profits in the early stage, but in addition to some sober international hot money, many international hot money also failed on Hong Kong Island with Soros, not only did they spit out all the profits they had earned from Southeast Asian countries, but also suffered considerable losses from their own funds.

No one would have thought that the momentum of quantum funds and those international hot money would encounter such an ending!

Therefore, the famous saying "Never underestimate any opponent in the financial market" has been verified again in this financial crisis.

In fact, the Southeast Asian financial crisis had already appeared a long time ago. As early as after the Mexico financial crisis in December 1994, some economists pointed out that the possible financial crisis in Southeast Asia. Professor Krugman of the Massachusetts Institute of Technology in the United States once pointed out that the East Asian miracle does not come from the growth of total production capacity, but due to excessive investment, excessive investment, excessive capital inflows, and excessive human capital output. The so-called "economic miracle" formed under this model will not last long.

In September 1995, Liu Zunyi, professor at Stanford University in the United States, and in August 1996, the economist of the International Monetary Fund, Gorstein pointed out that there may be financial crises in Thailand, the Philippines, Malaysia and Indonesia.

These financial experts can see the signs of the financial crisis, not to mention guys like Soros and Roberts who are more expert than financial experts.

Of course they can see the loopholes hidden under the financial systems of Southeast Asian countries.

Especially in Thailand, this loophole and crisis signs are more prominent.

Although Thailand has a lot of foreign exchange reserves, it also has a lot of foreign debt. However, nearly 60% of Thailand's foreign debt is the Japanese yen, but Thailand pursues a financial policy of pegging the Thai baht to the US dollar. In the past, when the yen appreciated, this contradiction in Thailand could not be highlighted, but since April 1995, when the yen appreciated to its peak and began to depreciate, this contradiction immediately became prominent.

Because the Thai baht is pegged to the US dollar, the strong US dollar means the strong Thai baht, but most of Thailand's foreign debt is the Japanese yen. When the yen depreciates at the beginning, Thailand immediately couldn't stand it.

Under such circumstances, international hot money led by Soros immediately came towards Thailand like a shark smelling blood.

In fact, the speculative action against the Thai baht is the same method used by Leo Vanta to empty the legacy of the former Soviet Union.

Simply put, it is divided into three steps!

The first step is to borrow the Thai baht at the time of the interest rate; the second step is to sell the Thai baht in the cash exchange market and exchange the US dollar; the third step is to borrow the exchanged US dollars at the interest rate of US dollars.

After completing these three steps, speculators will make a profit once the Thai baht depreciates or the interest rate gap between the Thai baht and the US dollar widens.

Among them, the most difficult thing to accomplish is how to minimize the exchange rate of the Thai baht, that is, how to depreciate the Thai baht.

For a separate hedge fund, it is obviously unlikely to smash the Thai baht to the floor in front of the Thai government with $30 billion in foreign exchange reserves, especially when Thailand joined forces with Singapore at that time.

But when the amount of capital of international hot money reaches a certain level, for example, exceeds Thailand's foreign exchange reserves, the practice of smashing the Thai baht on the floor, which was originally impossible or difficult to achieve, will immediately become easy.

In May 1997, international currency speculators, mainly hedge funds and multinational banks, began to short the Thai baht in large quantities. Hedge funds shorted the forward exchange rate of the Thai baht in the futures market, while multinational banks sold the Thai baht in the spot market. Many hedge funds and multinational banks spent the Thai baht together. Even though the Thai government and the Singapore government joined forces to confront each other, they still only resisted for a short period of time.

At the beginning, the Bank of Thailand and the Bank of Singapore joined forces to intervene in the market and took a series of measures, including using US$12 billion in foreign exchange reserves to absorb the Thai baht, prohibiting local banks from lending Thai baht to speculators, and significantly raising interest rates to increase the cost of speculators' funds to borrow.

But attacks on the Thai baht exchange rate hit like a tide, currency speculators sold the Thai baht wildly, and the forward exchange rate of the Thai baht against the US dollar hit a new low. On June 19, 1997, Minister of Finance, Ah Lei, Wai Lawang, who firmly opposed the depreciation of the Thai baht, resigned. Due to concerns about the depreciation of the exchange rate, the interest rate of the Thai baht soared, and the stock market and real estate market plummeted, and the whole of Thailand was shrouded in panic.

On July 2, after exhausting US$30 billion in foreign exchange reserves, the Bank of Thailand announced that it would abandon the 13-year-old exchange rate system that was pegged to the US dollar and implemented a floating exchange rate system. On that day, the Thai baht exchange rate plummeted by 20%. The Asian financial crisis officially began.

Starting from Thailand, the currencies of Malaysia, the Philippines and Singapore have all fallen, especially when Bay Island, which has a foreign exchange reserve of 80 billion US dollars, announced the depreciation of the NTD without any responsibility, the panic caused by this crisis has become even greater.

The Soros tasted great sweetness in Southeast Asian countries, and then when they faced the fat piece of Hong Kong Island, how could they still bear it?

As a result, Soros underestimated China's determination to support Hong Kong Island. These international hot money giants came with strong confidence, but ended up leaving in a mess.

Of course, Yang Jing would not participate in the attack on Hong Kong Island. On the contrary, he would ask David to secretly find an agent, help China and Hong Kong Island at any time, and then scrape off a layer of fat from Soros!
Chapter completed!