Also in New York, on the same day, David Anderson, at the KY Investment Fund headquarters, which is only a few streets away from the office of the Quantum Fund headquarters, is reporting to Yang Jing about the achievements of Pacific Capital in the Asian financial crisis over the past year.

"BOSS, your judgment is accurate. If you didn't tell me not to participate in the Hong Kong dollar blocking war last year, Pacific Capital will really be on the opposite blacklist." David said enthusiastically. "My agent used the funds Niam transferred from Europe to enter the market at the last minute and helped the Hong Kong Island government defeat several major investment banks. This not only made us gain more than $2 billion in that final battle, but also made us gain the favor from the opponent."

Yang Jing smiled and nodded and said, "That's right. David, don't forget that we are just simple speculation. Since it is speculation, don't think so much, and everything is based on interests."

"I know BOSS, Henry has been making arrangements on the opposite side over the years. Now that the economy on the opposite side is getting hotter, our layout is about to achieve greater gains. I cannot destroy the overall layout of the company at such a critical moment. Besides, Goldman Sachs and Merrill Lynch are too greedy. In the early stage, they have made no less than 70 billion US dollars in profits in Southeast Asian countries, Japan, South Korea and even Russia, and in the end they tried to eat up Hong Kong's foreign exchange reserves. This is a bit too much. BOSS, I always remember a Chinese idiom you said, too much is too much, so they were really wrong this time. The most important thing is that I also saw the actions and responsibilities of the Chinese government in the decisive battle ten days ago! In contrast, our federal government is too bad. In the stock market crash ten years ago, I didn't see any responsibility and actions of our federal government."

Yang Jing waved his hand and said, "David, don't talk about those senior affairs, talk about the gains from over the past year."

"Okay!" David seemed very excited. "We started to make arrangements since the previous year, 1996, and the financial crisis in Thailand really broke out as we guessed. Many hedge funds led by Soros' Quantum Fund and Robertson's Tiger Fund attacked in Thailand, and we immediately followed up. However, given that the foreign exchange reserves of Southeast Asian countries are not very large, we invested not much, after all, our main battlefield is still in Japan."

"And then over the past year, we made a total of 34 billion US dollars in net profits of 34 billion US dollars in the Thai baht, Indonesian rupiso, Phoebeso, Ma Yuan, Singapore dollar, Taiwan dollar, Korean won, ruble, and the yen that has been depreciating. However, we have many agents, and it is not noticeable when it is spread out. I'm afraid that Soros and Robertson would not have thought we would enter the market as well."

Yang Jing nodded and praised: "That should be done. It will be jealous of robbing food from others. Therefore, as long as we have this condition, we should try not to expose ourselves."

"Don't worry, BOSS, there are more than 110 agents in this Asian financial crisis. Each agent only controls a capital of 100 million to 300 million US dollars. Most of these agents are mainly in Europe, and the main capital flows are also through banks and UBS under our name. So simply from the flow of funds, it is impossible to grasp our feet. These agents look like ordinary European small and medium-sized investment institutions, so we don't have to worry about being discovered."

Yang Jing nodded. With David's experience and means, such a few agents are really nothing to integrate into the huge international hot money. You should know that in 1997, there were more than 3,500 hedge funds in the United States alone, and more than 2,000 hedge funds in Europe. There were so many hedge funds, with only hundreds of agents mixed in it, it was really like pouring a glass of water into a lake.

Unless you can grasp the flow of funds and the source of funds of these agents, it is absolutely impossible for the outside world to understand the true identity of these agents.

Although doing so will lead to a higher cost, this increase in cost is nothing compared to security and huge benefits.

"BOSS, the financial system of small countries in South Asia is really bad. Once they charge, they will be defeated. Our funds are completely dispersed, so we are not eye-catching. We have been following Soros and those big investment banks. So while we make profits, we can also see the big investment banks in front fighting with the local governments. Haha, to be honest, although it seems quite fierce, it is really not very meaningful. Compared with these investment banks, the governments of those countries are not on the same level at all, and they are completely one-sided crushing."

"Haha, you guy, you have a high vision of being trained by the Japanese market. You don't take the battlefield of tens of billions of dollars seriously?" Yang Jing joked with a smile.

"BOSS, I don't brag about it. I really don't take such a small market seriously. In total, there is such a big market. If we do our best, we will probably be able to impact the economies of those countries to the state before World War II at once..."

Well, if you show off, you can get 9.8 points!

However, before David and Henry joined KY Investment Fund more than ten years ago, they controlled hundreds of millions of dollars in their respective investment banks. As a result, after more than ten years, let alone hundreds of millions of dollars, they could not see even tens of billions of dollars.

No wonder, after more than ten years of training at KY Investment Fund, David, Niam, Henry and others, all of them are financial giants who control hundreds of billions of dollars, and they really don’t take it seriously after just tens of billions of dollars.

The markets that can now be seen by them are North America, Japan and Europe. The economic size of Southeast Asia is indeed a little smaller for them.

"I originally wanted to have a big meal on Bay Island. After all, Bay Island also has a foreign exchange reserve of 80 billion US dollars. As a result, the leaders of Bay Island were tactful and directly depreciated the Taiwan dollar without resisting. Alas, those guys in Washington couldn't bear to see the economy of Bay Island being destroyed. After all, Bay Island is the most important part of the first island chain. Those guys in Washington cannot allow Bay Island to collapse."

Yang Jing nodded. David's analysis was really correct. Otherwise, it would be impossible to explain why Bay Island, which has a foreign exchange reserve of 80 billion US dollars, directly depreciated the Taiwan dollar without saying a word? It must have been because they received a warning from Washington that they did so.

What? Didn’t they watch the people of Bay Island suffer losses when they do this?

Haha, it is my business to the people who are damaged? As long as I keep the 80 billion US dollars of foreign exchange reserves, I can continue to buy weapons from my American godfather and keep my status. The depreciation of the Taiwan dollar and the damage to the people is my business to the people.

"Later, the yen, the Korean won and the ruble also began to depreciate significantly, so I focused on that aspect. Besides, did you say that you would not allow us to participate in the Hong Kong Island last year? So I followed your instructions and did not attack Hong Kong Island with Soros. However, although I did not participate, I kept watching the whole process. This war was really ups and downs." David's rare sigh expression was enough to prove the tragic battle of defending the Hong Kong Island.

"BOSS, you also know that I came from Goldman Sachs, so I know the investment methods of investment banks such as Goldman Sachs, Morgan Stanley. The Japanese market is our home court, so Southeast Asia is just an introduction to them. Their main goal is to reap the benefits from these four dragons."

"But Bay Island cannot move. Just pointing to 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 goals. Moreover, the situation in Hong Kong Island in the past two years is actually full of loopholes, so it is no wonder that Goldman Sachs and others have to take firm action against Hong Kong Island."

Yang Jing nodded and sighed, "Yes, flies do not bite seamless eggs. Hong Kong Island's own economy is too hot. This is also the main reason why those big investment banks target Hong Kong Island."

In fact, before the Asian financial crisis, Hong Kong Island's economy also fell to the bottom due to the collapse of Japan's economy. However, after two years of adjustments of 94 and 95, it began to rebound from the bottom in 1996.

In 1997, the economy of Hong Kong developed faster, with the growth rate in the first three quarters being 5.9%, 6.8%, and 6.0% respectively. Moreover, due to the stimulation of regression factors, the Hong Kong real estate market has also flourished, and the Hang Seng Index has repeatedly set new highs, reaching a historical high of 16,673.27 points on August 7, 1997, and red-chip state-owned enterprise stocks are booming.

At that time, the bubble in the Hong Kong stock market and real estate market had reached its last amazing madness. The transfer price of a new building subscription certificate reached HK$2.5 million; as long as any third- and fourth-tier stock, i.e. junk stock, is reported to be acquired by a red-chip company, the stock price will soar 100% to 200% on the same day.

With such a serious bubble, it would be strange if those investment banks don’t focus on Hong Kong Island!

Especially with the sharp depreciation of currencies in Southeast Asian countries, the Hong Kong dollar, which is pegged to the US dollar, has a sharp appreciation. From an empirical perspective, the currency depreciation in emerging investment markets is contagious. Since the export commodity structures of most emerging market countries are similar, there is a possibility of competitive currencies depreciation.

In other words, if the currencies in neighboring countries and regions depreciate significantly, people's exports will be smoother. The Hong Kong dollar has remained firm because it has been linked to the US dollar, which will put huge pressure on the exports of Hong Kong Island, and ultimately lead to the Hong Kong dollar facing huge depreciation pressure.

The Hong Kong dollar is facing such huge depreciation pressure, coupled with the bubbles in the stock market and real estate, which has given those international speculators a natural advantage. In addition, Hong Kong Island has just returned, and those guys are eager to dig a piece of meat from Hong Kong Island!

"From August last year and until August 28 this year, the Hong Kong dollar suffered a total of three major sell-offs. This is what the big investment banks are preparing for the final decisive battle. Their preparations were done well, and they successfully suppressed the Hang Seng Index from more than 16,000 to 6,600, which also triggered panic among Hong Kong investors. So, on that day, they launched the final decisive battle against Hong Kong Island."

David shook his head with his lips and said, "Goldman Sachs and others made more than a year of preparation, but in the end it was cheaper. Of course, the Hong Kong government also made more than 8 billion US dollars, and finally failed the support of the Chinese government and our final entry."

Yang Jing said lightly: "This is called the mantis stalking the cicada oriole behind!"
Chapter completed!