Mixed in 1980

Chapter 378 The First Wave of Attack

"Chen Fan should be in Hong Kong by now, right?" Peng Dingkang lit a cigarette, took a deep drag, and a cold glint flashed in his eyes.

Soon, the phone rang!
Peng Dingkang picked up the microphone, then quickly and decisively narrowed his eyes slightly: "Just as expected, Chen Fan has arrived in Hong Kong, and he certainly won't be absent."

"When the economic crisis hits, will Chen Fan get rich along with international speculators, or will he rise up and fight against them?"

Peng Dingkang guessed that he would resist!

Confrontation is in Chen Fan's interest. Once Hong Kong is taken over, its economy will not recover for 10 or 20 years, and his banks and real estate will suffer severe losses.

Other industries will also be severely affected.

How could Chen Fan tolerate this? If he could have kept his neck down and acted like a turtle, he wouldn't have had so many grudges with England in his early years.

It must be said that Pengdingkang's judgment was very accurate. On October 21, Chen Fan had already brought his two wives to Xinghuo Investment Company in Hehe Building.

Hang Seng Bank shareholders gathered here!

Seeing everyone's serious expressions, Chen Fan smiled and said, "We just got back from making a fortune in Southeast Asia, but you all don't seem very happy. Do you think we didn't have enough money?"

"You have a really sharp tongue!"

Old Huo rolled his eyes at him and teased, "You're the only one who would complain about not having enough of the harvest from Southeast Asia. The rest of us are stuffed."

Chen Fan smiled, took out a cigarette and lit it: "Let's take stock of our gains in Southeast Asia first, let's have some fun and not be so serious. Soros' attack on Hong Kong was expected, and we might not necessarily lose."

Combating international speculators led by Soros is not easy, in fact, extremely difficult. Even if the same path is repeated, the consequences are hard to predict.

Losses are unavoidable!

Soros attacked Hong Kong four times, with the last attack culminating in government intervention, which resulted in international speculators suffering heavy losses and fleeing in panic.

However, the first three attacks yielded huge profits.

Taking the first attack as an example, Soros started by selling off large amounts of Hong Kong dollars, forcing the Hong Kong Monetary Authority to use its foreign exchange reserves to buy them up.

Furthermore, it repeatedly borrowed Hong Kong dollars from various banks in Hong Kong to sell, forcing the Hong Kong Monetary Authority to raise interest rates to stabilize the exchange rate of the Hong Kong dollar.

In the foreign exchange market, the Hong Kong Monetary Authority handled the situation appropriately.

Soros's target is not the foreign exchange market, but interest rate hikes. Once interest rates are raised, the stock market falls, which is almost an invariable truth.

Soros had already shorted the stock and futures markets, selling off large amounts of stocks, causing the Hang Seng Index to plummet from 13473 points to 9059 points, a drop of 4414 points in seven trading days.

Following Hong Kong officials' reiteration that they would not change the current exchange rate system, the Hang Seng Index rose, returning to the 10,000-point mark, with an overall drop of nearly 3000 points.

Short sellers have siphoned off a large amount of money by shorting the Hang Seng Index.

Soros mastered the art of short selling by employing three tactics: "suppressing the foreign exchange market, shorting the stock market, and profiting in the futures market."

The same thing happened the second and third time.

By the fourth and largest offensive, Soros had planned to completely collapse the Hang Seng Index, declaring that Hong Kong was his ATM.

Finally, the mainland authorities intervened, causing huge losses to state speculators who fled the country. However, Hong Kong's economy was also severely damaged and took several years to recover.

Compared to the previous life, the current situation is better. The British government's executive order triggered the property market ahead of schedule, and the stock market was suppressed by public opinion. The Hang Seng Index has just passed 10,000, so the bubble is not that big.

They may not be without a fighting chance against Soros.

Suppressing these thoughts, Chen Fan took another drag of his cigarette: "Comrade Huo, how about we start with you and take stock of Siam's gains?"

"Then I'll tell you!"

Old Huo lit a cigarette and tapped the table lightly: "Siam mainly makes money in the foreign exchange market, and has a total of 120 billion US dollars in hand."

"In order to buy up assets at rock-bottom prices later, we provided a loan of 50 billion US dollars to Siam. All the other funds were used for buying up assets at rock-bottom prices, and not a single penny was left."

Including the initial investment, the actual net investment resulted in a $50 billion IOU and a large amount of assets.

Everyone was very satisfied with this.

These assets will be the most valuable in the future. They acquired two ports: Bangkok Port and Laem Chabang Port, which are the two most important ports in Siam.

In addition, it acquired mining rights for multiple minerals including tin, copper, tungsten, lithium, and nickel, as well as vast forest farms, farms, durian orchards, and rubber plantations.

It can be said to be full of rewards.

As for the $5 billion loan, Siam will repay part of its fiscal revenue each year over five years, so there's no need to worry about not getting it back.

After hearing this, everyone couldn't help but laugh. Chen Fan said, "You're really still going strong for your age. In a few years, the value of these assets will increase dozens of times."

Old Huo waved his hand slightly: "Siam was forced into this situation. Many companies ran out of cash flow overnight and were on the verge of bankruptcy. Acquisition is not difficult."

When the nest is overturned, no egg remains intact. This is how it is when an economic crisis breaks out. South Korea and South Korea will be in even worse shape in the future, with their economic lifelines almost strangled by the United States.

Amidst the sighs of dismay, everyone turned their attention to Liu.

Liu scratched his head, somewhat embarrassed. He was in charge of harvesting the Philippine monkeys, but the problem was that the Philippine monkeys were not very wealthy. Even after being crushed by the peso, they only managed to get 40 billion US dollars. Apart from the initial investment, all 40 billion US dollars were spent. Although they bought a lot of properties, it was still nothing compared to Siam.

"Old Li, can you spare some funds to support Da Liu?" Chen Fan asked Li Zhaoji.

Li Zhaoji nodded slightly: "50 billion US dollars!"

Liu nodded hurriedly: "That's enough. The initial investment, the 40 billion from the foreign exchange market, plus the 50 billion US dollars, the total investment is about 100 billion."

Chen Fan nodded slightly: "Go back and make another trip, take over the port of Manila. The Filipinos are dirt poor right now, they should be willing to sell."

Liu said, "We've already acquired two docks. We didn't have enough funds before, which is why we couldn't take them all. The Filipinos are desperate for money and will sell anything."

"That's OK!"

Chen Fan nodded slightly, then looked at Li Zhaoji: "Old Li, how's your harvest going?"

Li Zhaoji took a sip of tea, lit a cigarette, and slowly began to speak: "Singapore suffered heavy losses. The Singapore dollar depreciated by 32%, and the real estate and stock markets both collapsed, with declines exceeding 40%."

“We made $130 billion in the foreign exchange market, $30 billion in shorting the stock market, and $150 billion in shorting stock index futures, totaling $310 billion.”

"The industrial acquisitions didn't cost much, just $20,000. We acquired two container terminals in Singapore's port and a real estate company, along with several plots of land and properties. The total cost was $5 billion, bringing the total to $7 billion, leaving a surplus of $24 billion."

"What should we do with this money? Divide it up?"

After listening, Chen Fan nodded: "Apart from the $50 billion to support Lao Liu, the remaining $190 billion will be distributed. Everyone has invested a lot of money in the early stages, so we need to make a return on our investment."

The profit sharing will be the same as before when harvesting Moxi Valley: the government will take 30%, Chen Fan will take 20%, and the remaining half will be divided among the various parties.

Each company will receive over a billion US dollars.

Having discussed the profits from Singapore, let's move on to Malaysia, which is managed by Tung Chee-hwa. The profits are similar to those from Siam, but the bargain hunting is mainly focused on agriculture.

Malaysia is rich in oil and natural gas, but these two industries are basically state-owned enterprises, so even during an economic crisis, it is impossible to allow foreign investment.

Other minerals are less desirable.

Fortunately, Malaysia has a developed agricultural sector with durian orchards, rubber plantations, palm plantations, forest farms, and so on. At that time, prices were very low, and Tung Ship King didn't hold back, investing all his money in it.

In other words, after this round of operations, only Singapore actually saw the cash; other places had to lose money.

Everyone was very satisfied with this.

Everyone has plenty of money; what they lack are high-quality assets. If this wave of gains is successful, their descendants will be set for five, six, seven, or eight generations.

Currently, Indonesia is the only Southeast Asian country unaffected, but it won't be long. International speculators are unlikely to let go of such a lucrative opportunity.

Chen Fan won't let this go either!
The attack on Southeast Asia should be blamed on Soros, so that he can bear the infamy. Otherwise, it would be none of the country's speculators' turn. Zhao, the shipping magnate, and his son had already laid out their plan.

After taking stock of the profits, Yu Jing asked someone to prepare a meal, which she ate in her office. The eldest son of the Dong family was coming over in the afternoon.

The eldest son of the Dong family is the number one boss in Hong Kong!
Also present were Financial Secretary Tsang Yan-kuen and Hong Kong Monetary Authority President Yam Chi-kong, both of whom were quite famous during the financial crisis.

He became famous for his statement: "If we cannot protect Hong Kong, we are willing to take responsibility with our lives."

Ren Zhigang is quite interesting. When Soros attacked Hong Kong three times before, the Hong Kong Monetary Authority's response was to raise short-term loan interest rates. It was the same tactic every time.

Ren Zhigang was thus jokingly called: Ren Zhigang's move!
Han invited them over. Since they knew Soros was going to attack Hong Kong, they could sit down and discuss how to deal with it.

The meeting lasted a long time. In the afternoon, we had a light lunch at the company, and after that, the meeting continued until after 10 p.m. before everyone dispersed.

The following day, October 22nd!
A different atmosphere permeated Hong Kong. From television to newspapers, almost everything was reporting on the same thing: the Hong Kong dollar was going to fall and the Hong Kong stock market was going to collapse...

Soros is going to take action against Hong Kong!
Panic has gripped the financial sector, with some people unable to resist selling Hong Kong dollars and stocks and converting them into US dollars in an attempt to preserve their wealth.

"The war of public opinion has begun!"

Zeng Ali brewed a cup of tea and handed it to Chen Fan: "In the early stages, we kept creating public opinion, casting a shadow of economic crisis over Hong Kong. Now that Soros has made his move, the propaganda effect has been amplified, and the public is even more uneasy."

Chen Fan picked up his teacup and took a sip: "If we don't create public opinion, we can't suppress the stock market. If the stock index is too high, it's easier to be fleeced. Let's finish the first battle first."

"Don't worry, the funds are in place!" Zeng Ali smiled slightly. Tomorrow would be her day to make her appearance, and she was determined to get the Grand Bauhinia Medal.

June 23th!
Panic in the financial markets intensified, and Soros officially took action, making a major move by selling HK$400 billion worth of shares.

And it's being sold off at a low market price!

Panic immediately gripped the currency market. Many people had been watching the market closely, fearing a devaluation of the Hong Kong dollar, and rushed to sell at rock-bottom prices, afraid of being too late.

The fate of Southeast Asian countries is still fresh in our minds!

The Thai baht of Siam, the Filipino peso, and the Malaysian ringgit are all worthless, and even the once strong Singapore dollar has depreciated by 32%.

Who wouldn't panic?

P.S.: First update complete. One more to go! Three updates tomorrow to make up for lost time~ Thanks for your support!
(End of this chapter)