The world begins with Hong Kong movies

Chapter 463 Terrified! (Seeking monthly votes)
By September, various American funds had sprung up.

This also includes the now-famous Quantum Foundation.

The Italian lira was the first to suffer, its value collapsed, and its exchange rate plummeted.

It is said that at its most extravagant, the Quantum Fund made a billion dollars in a single day by manipulating the Italian lira exchange rate.
It's practically robbing Italy out of its national treasury!

The consequences were severe; the Italian lira, its sovereign currency, became worthless, much like the South Korean won after the 1997 Asian financial crisis in a normal timeline.

If you didn't know better, you'd think it was a weaker version of the Zimbabwean dollar!

Of course, Italy's losses this time are much greater than those in normal time.

Wu Feng's arrangements were made much earlier and more thoroughly hidden than those of the American foundations, without any intention of making a fuss.

Unfortunately, Italy dared not target American funds, but it was quite ruthless when it came to capital from Hong Kong.

If things go wrong, we might have to start the cross-border "hiring" process ahead of schedule.

It's estimated that during this short period of lira crisis, at least 70% of Italy's lira reserves will disappear.

It can be said that Italy's financial market suffered a severe blow, with years of accumulated wealth wiped out.

It's unclear whether it's due to the severe devaluation of the lira, but Italy has suddenly seen a surge in exports of various light industrial and agricultural products.

In the following decade, Italy's economy entered a period of rapid development.

Otherwise, where would those Italian Serie A teams get the money to buy star players all over the world and create the glamorous scene of a 'mini World Cup'?

Like Parma, which is backed by local dairy companies.

However, the supporters behind Serie A teams clearly don't quite understand the essence of jointly promoting a team's reputation and its own products.

Just like the Italian national male model team, which made a complete mess of its business operations.

If this were the English Premier League, they would have produced at least a few more superstars of Beckham's caliber.

The two groups, Dalian Shide and Dalian Wanda, have become household names among football fans across the country.

It's a pity that Shide failed to expand nationwide; otherwise, it could very well have become another behemoth on par with Wanda.

Later, Evergrande replicated this model, investing in football to promote the Evergrande brand, and the results were absolutely fantastic.

Before 2010, who the hell knew what Evergrande was or what it did?

Anyway, Wu Feng has already made plans to become a major buyer of high-quality Italian light industrial products after things have calmed down.

Back then, Italian high-quality light industrial products were indeed cheaper to buy in lira.

Yes, we'll use the name of the company in Eastern Europe to make the purchases.

Once shipped to Hong Kong Island, they can at least become one of the signature products in supermarkets or convenience stores. That's just how magical life is.

Even though Italy's sovereign currency suffered a severe blow and its accumulated foreign exchange reserves were plundered, Italy remains a developed country in Western Europe.

For people in East Asian countries who are unaware of the specifics, products from Italy are all considered to be of high quality!

Who knows, they might even have Wu Feng, together with Jiang Tiansheng and Han Bin, create another stable trade route. At least two thousand years ago, this trade route was very profitable.

It would be even better if we could use this opportunity to connect with traditional Italian communities.

It's not that I want to do any shady business, but it would be much easier to get into the Italian fashion scene once I've established good relationships with the local gangs.

There's nothing that can be done about it. As the world's fashion trend setters, Europe and America won't have any problems, at least not in the short term.

Milan Fashion Week and Paris Fashion Week are both world-renowned fashion events.

These top fashion events essentially define fashion trends worldwide over a certain period, and the profits involved are calculated in the billions of dollars.

As long as they can squeeze in, their own clothing brand will immediately rise to the international level, and its value will increase many times over.

The entertainment industry in Europe has been decimated by Hollywood and is no longer a significant force.

However, the power and influence of the European fashion scene are world-class.

In Europe, top female celebrities earn less than top models—it's that extreme.

This is also the main reason why most of the girlfriends or wives of top football stars are top models in the fashion industry.

Of course, Wu Feng is also currently using his ATV, as well as top-tier newspapers such as Mong Kok News and Nightclub, to build a fashion platform for Hong Kong Island.

Currently, Tung Choi Street and Fa Yuen Street in Mong Kok are still being developed as fashion and trend bases.

Putting aside other things, ATV is already planning to start producing fashion show programs next year, aiming to quickly become one of the mainstream fashion circles in East Asia.

As for events like fashion shows, they can be held on Hong Kong Island, but it requires the cooperation of the four fashion tycoons, which is not an easy task.

Lira was in trouble, while a bunch of Wall Street funds were raking in the profits, and Wu Feng also secretly took a big bite out of the fat.

However, the other wealthy individuals in Hong Kong who had participated in European financial speculation were greatly frightened by the disastrous results in Italy.

Little did they know that things would develop to this point.
Several major Wall Street funds mobilized, daring to take action against a developed country like Italy, and even successfully crashed Italy's currency market. Such a thing was unthinkable before.

As speculators, they followed behind several major Wall Street funds and participated in the attack on the Italian lira, the sovereign currency.

Lila jumped so wildly that they were so frightened they were at a loss for what to do, and sweat broke out on their foreheads.

Initially, they did indeed only invest in the German financial market.

However, they also had elite experts in finance who, after carefully analyzing the financial situation in Europe, came to the same conclusion as those on Wall Street.

If there's an opportunity to make money, you should definitely seize it.

But who would have thought that the Italian lira would be so unreliable, easily and completely crushed by international speculative capital.

Originally, I just wanted to get some benefits from it, but now I'm in a bind and have been put on the hot seat.

What made Hong Kong's tycoons even more uneasy was that some unknown force had the audacity to spread the word about their existence and their involvement in the attack on the Italian lira, scaring them so much that they dared not leave Hong Kong easily.

To reiterate, if Italy, as a developed European country, can't handle Wall Street capital in the US, surely it can handle Chinese capital in Hong Kong?
(End of this chapter)