Mixed in 1980

Chapter 374 The Last Shadow
The economic problems within Siam were worse than imagined; even Soros hadn't anticipated that the Thai baht would completely collapse in just three days.

The exchange rate has indeed been driven below 200!

One US dollar can be exchanged for more than 200 Thai baht, which directly caused Siam to collapse, resulting in the massive evaporation of assets and an economic setback of at least 20 years.

Soros's influence was unparalleled at the time!
The Malaysian Ringgit and the Singapore Dollar were also affected to some extent. Southeast Asian countries are terrified of Soros, fearing that they will be targeted.

The biggest winner, however, was not Soros.

Instead, it was Hong Kong Capital, led by Chen Fan, that took more than 120 billion US dollars in profits from the exchange rate and acquired a large amount of assets.

I'm going to Siam tomorrow!

In the office of Xinghuo Investment, Lao Huo casually smoked a cigarette: "We were talking about Laem Chabang Port and Bangkok Port before, but Siam didn't agree. Now the opportunity has come."

Southeast Asia has many excellent ports, which would never have been sold before. It was only when the economic crisis hit, many companies went bankrupt, and import and export business plummeted that the opportunity to acquire them arose.

Chen Fan had always coveted the port and kept a close eye on it!

With the outbreak of the Siamese economic crisis, port prices are bound to plummet. Now is the best time to acquire ports at low prices; this opportunity will be a once-in-a-lifetime chance.

The port is just one of the targets!

Land, resources, minerals, forest farms, farms, orchards, rubber plantations... all are targets, and even islands are not spared.

Southeast Asian islands have beautiful scenery and are suitable for tourism development in the future.

Anyway, the price is cheap!

Even if tourism isn't developed, it will still be a large sum of money if it's resold in the future.

These people in the office nowadays are like a pack of hungry wolves. They grab any asset they can get their hands on first, and then decide whether to keep it or sell it later.

After the meeting, everyone went about their own business!
Siam has already closed in, but we need to keep an eye on other places. If we find any signs that Soros is going to make a move, we must follow up immediately.

After leaving Xinghuo Investment, Hu Yingxiang had his driver take him from Luohu Port into Guangzhou and head directly to Tianhe District. In the distance, he could see a skyscraper.

Spark One!
The car stopped near the building. Hu Yingxiang got out of the car and looked at the world's tallest building, which is 510 meters high. He couldn't help but smile.

This was designed by myself!
Near this building are supporting office buildings, shopping malls, hotels, stadiums, convention centers, and so on, making it a very large complex.

After watching for a while, Hu Yingxiang took out his phone and dialed Chen Fan's number: "I'm here at Xinghuo One, do you want to come over?"

"wait a second!"

Chen Fan was at the Huaxia Hotel in Guangzhou. He arrived shortly afterward and looked at the skyscraper in front of him: "Is it finished?"

Hu Yingxiang nodded: "The decoration of Xinghuo No. 1 has been completed. The other supporting facilities are expected to be completed within a year."

"Xinghuo No. 1 Building has started leasing, with rent waived for the first six months. Many companies have already reached agreements, and they will officially move in after July. It is not open to the public at the moment."

"That's OK!"

Chen Fan breathed a sigh of relief and pointed to the building, saying, "Make a huge banner and hang it down from the roof as a gift for July 1st."

"The world's tallest building, what an honor! It deserves plenty of TV commercials. I'll contact CCTV and Hong Kong TV stations to get them to report on it."

"Let's make it even more exciting and put on a fireworks show. I'll personally pay for it. One night, I'll burn 100 million yuan, which should keep the excitement going all night."

Upon hearing this, Hu Yingxiang laughed: "You're the boss, so you call the shots. Anyway, you're rich and powerful, so don't even mention a hundred million, you can burn a billion."

Chen Fan chuckled and teased, "Given the price levels in the mainland, one hundred million can afford to stay up all night, and ten billion can burn for ten days. It's better not to disturb the people."

After chatting for a while, the two got into the car and returned to the hotel. Chen Fan asked about the housing prices in Hong Kong again, and Hu Yingxiang couldn't help but laugh: "Foreign investors are going crazy."

"British capital is stuck with hundreds of billions of dollars, and without the ability to cash out, it's just a pile of reinforced concrete."

“The amount of funds from Europe and the United States is not large, but there are still tens of billions of US dollars. Japan, South Korea and Singapore have invested a lot of money, amounting to several tens of billions of US dollars.”

"Now everyone is in a panic, jumping up and down in a panic."

"You're right not to go to Hong Kong. A cornered dog will do anything. Someone might actually take the risk and kill you. Even if you can't recover the losses, you can at least vent your anger."

Upon hearing this, Chen Fan's lips twitched. The old man seemed to be gloating: "Let them worry. I'll just buy back the properties when they hit rock bottom."

Hu Yingxiang squinted and complained, "That's ruthless. Buy it back, drive up the price, attract foreign investment, and then cut it again? Hong Kong has really become your ATM."

Chen Fan shrugged: "It's just an inevitable law of economic development. Since I started acquiring a lot of land in 84, I've been winning step by step. How could I stop housing prices from rising?" Hong Kong's development and small size destined it to have high housing prices.

In the future, even in Yuen Long and Tuen Mun, prices could rise to over 100,000 per square meter, while in core areas like Central and Yau Tsim Mong, the price per square meter could reach 200,000 to 300,000.

Even without considering other assets, if we only retain the 10 plots of land under Xinghuo Investment and the remaining houses of Xinghuo Real Estate, Chen Fan will still be the richest man in the future.

Chen Fan had long planned for foreign investment in real estate.

These guys all entered the market with high leverage, owing huge sums of money to HSBC and Standard Chartered. Once they take over these two banks, no foreign capital will be able to escape.

If housing prices plummet, the value of collateral falls below the loan amount, and the cash flow cannot be supplied, banks can directly seize the property for foreclosure auction.

At that time, it will be another capital frenzy!
Chen Fan stayed in Guangzhou for three days, thoroughly understanding the Xinghuo No. 1 Building and coordinating with Guangzhou officials regarding the fireworks display on July 7st. After that, he returned to Beijing.

Once back in the capital, I had some free time again.

If I had to say what I was really doing, it would be talking to Zhou Wenya on the phone every day to find out the progress of the Hong Kong property market collapse and the harvesting progress of the financial crisis.

Benefiting from the outbreak of the Siamese financial crisis, and through media hype, Hong Kong was shrouded in a terrifying atmosphere of a potential economic crisis, causing the property market to decline at an accelerated pace.

Entering April, the average price has fallen below HK$5000!

Compared to its peak, the market has plummeted by 53%, and this decline is ongoing; no one can save the housing market.

"Hopeless!"

Shen Bi smoked his cigarette in despair, looking at a group of HSBC shareholders: "Surrey Bank has a pessimistic view of the Hong Kong property market and will not provide financial assistance to save it."

"Now there are only two paths before us. The first is to suffer a full-scale attack from Chen Fan after July and eventually go bankrupt and be liquidated."

"The second option is to sell the bank to Chen Fan. This must be done as soon as possible. The longer it drags on, the lower the market value will be, and Chen Fan will further lower the price."

"Let's all share our thoughts!"

Businessmen are always profit-driven. Once they recognize reality, the answer is obvious: they won't let a bank go bankrupt and lose everything just to spite someone.

Selling is the only option!

"If we agree, then let's sell!"

Shen Bi took out a cigarette, lit it, and took a deep drag: "I'll call Chen Fan in a bit to officially begin the acquisition negotiations."

One shareholder said, "The price cannot be sold cheaply!"

Shen Bi scoffed, "If I don't sell it cheaply, will Chen Fan buy it? Don't dream about it. We're at their mercy. Chen Fan will definitely try to lower the price; it's just a matter of how much."

"Unless you can contact another buyer."

"is it possible?"

"Besides Chen Fan, who would dare to acquire it? They're rife with debts. What if they acquire it and then Chen Fan ruins them? Let's face reality and come up with a price that everyone can accept."

Upon hearing this, everyone felt disheartened!
Once upon a time, they could do whatever they wanted in Hong Kong, arbitrarily trampling on Chinese capital, and even easily controlling the Huo family.

Now, however, they are on the verge of bankruptcy!
All these changes were due to Chen Fan. All their schemes were outmaneuvered and they lost the final initiative.

It took a long time before someone spoke up and began discussing the selling price and negotiation strategies.

After the conversation, the Chinese experts, such as Li Ka-shing and Wu Guangzheng, went back first, while a group of British people stayed behind, silently smoking cigarettes.

The conference room was filled with smoke!
Governor Peng Dingkang was also there, his eyes filled with murderous intent: "We can't let this go. Even if we're going to leave, we have to find another opportunity to stab Chen Fan in the back."

Shen Bi glanced at him, his heart filled with disdain!

It's all because of this good-for-nothing who keeps provoking Chen Fan and fails every time. HSBC has suffered countless losses as a result, and now the entire HSBC is going to lose money.

The person Shen Bi most wants to kill right now is Peng Dingkang, and Chen Fan is second only.

Peng Dingkang, puffing on his cigarette, looked around at everyone and said, "Haven't we been hearing that Soros is targeting the Hong Kong dollar and that Hong Kong is brewing an economic crisis?"

"After selling the two banks, we will have enough Hong Kong dollars on hand. When Soros launches his attack, we will help him out."

"Let Hong Kong's financial system collapse completely!"

P.S.: Second update! Thanks for your support, everyone!
(End of this chapter)