Chapter 433 Fan Wubing's Escape Plan

Fortune Chapter 433: Fan Wubing’s Escape Plan

After Jiang Lue heard what Fan Wubing said. Just said. "These days, power is the rule. Anyway, I brought the message to you. It's up to you." Fan Wubing said. He took a shallow sip. Then he fell into deep thought.

Jiang Lue brought this news. In fact, it is a good opportunity to escape.

In the early nineties. When Western developed countries are in the process of economic recession. The economies of Southeast Asian countries have experienced miraculous growth. Economic strength is increasing day by day. The economic future is bright. Before the economic crisis, Southeast Asia's economic development model was once a model for developing countries to follow.

Southeast Asian countries are very optimistic about their respective national economies. In order to accelerate the pace of economic growth. Financial controls have been relaxed one after another. Promote financial liberalization. In order to become the new world-center.

However, Southeast Asian countries have overlooked some very important things in the flash of economic prosperity. That is, the economic growth of Southeast Asian countries is not based on the growth of unit input output. It mainly depends on the increase in extension investment.

On this basis, financial controls will be relaxed. Suspected of tall buildings rising on the beach. Exposing their respective currencies to international investors without any protection. It is extremely vulnerable to the impact of international hot money coming from all directions. Coupled with the rapid economic growth. Countries in East Asia are generally over-speculating on real estate properties, overestimating the size of companies and market demand, etc. The risk of economic crisis is gradually increasing.

Last year. Moss Goldstein, an economist at the International Monetary Fund, said. in Southeast Asian countries. Currencies of various countries are experiencing impacts from all directions. There may be a financial crisis. Especially Thailand. There are more dangers. More vulnerable to the impact of international hot money. financial turmoil.

Goldstein's prediction did not attract the attention of Southeast Asian countries. However, Southeast Asian countries are still intoxicated by the economic miracle they have created. This is what is called loyal advice that goes against the ears. Good medicine tastes bitter.

There is such a huge financial hole in Southeast Asia. You can't escape Soros's eyes. He had been waiting for a favorable opportunity. I hope I can fight another English-style battle. At nine years. Soros believes that the Malaysian currency ringgit is undervalued. Decided to use ringgit as a breakthrough. He united with some leading fund managers and began to suppress the ringgit. But Malaysian Prime Minister Mahathir Mohamad is determined to maintain the value of the ringgit. Mahathir has taken a series of strong measures to strengthen control of the country's capital markets. Soros and some arbitrage fund managers had no opportunity to take advantage of this. We had to temporarily withdraw our currency, the Malaysian ringgit, and thus avoided disaster. But the small defeat in Malaysia has not deterred Soros. Just waiting for a better opportunity again.

As time goes by, signs of economic overheating in Southeast Asian countries have become more prominent. The central bank of the country adopts the method of continuously increasing the banking rate to reduce the inflation rate. But this approach also provides many opportunities for speculation. Even the banking industry itself is hyping foreign currencies. The serious consequence of joining the ranks of speculators is a huge increase in the short-term foreign debt of banks in various countries.

Once foreign hot money quickly flows out of the financial markets of various countries, it will cause painful and large shocks. Although the central banks of Southeast Asian countries have also realized the seriousness of this problem, they are somewhat over-prepared to face the open and liberalized market.

Fragrant edge. Also in these questions

As a city with close economic contacts with Southeast Asian countries, Hong Kong. It is also the goal that Soros and others are determined to achieve, especially in Hong Kong, where funds can come and go easily and it is easy to establish their own formation in a short period of time. Create a nice ambush and walk away. Such a nice party. It's impossible for them to let go.

There is another factor that needs attention. It's Soros who is relatively independent. So after Hong Kong's return. There will definitely be harassment. Otherwise, how could we be willing to do so?

So count the hours. Fan Wubing must have done it before Hong Kong returned to China in 1997. Most of the funds will be gradually withdrawn. At this time, Jiang Lue came to talk to him on behalf of the senior management. It gave him an honest excuse to withdraw from Hong Kong stocks. There is no need to worry about the Hong Kong Monetary Authority deeming any changes to occur and making adjustments to financial policies.

So Fan Wubing said to Jiang Lue. "Since the senior management doesn't want me to get too involved in the Hong Kong stock market, then it's okay to withdraw. Okay then. I'll withdraw more than 10 billion US dollars before the Chinese New Year."

Jiang Lue was drinking. After hearing Fan Wubing's words, he immediately spit out a mouthful of wine. I coughed several times before I finally recovered. Said somewhat anxiously. "I said you didn't save me, right? How many days are there until the Chinese New Year? More than 10 billion US dollars have been withdrawn in such a short period of time. How much impact will yours have on the Hong Kong stock market?!"

"Then what are you doing, making me stay there? It's a big mistake for me!" Fan Wu said displeased.

Seeing Fan Wubing, he was quite complaining. Jiang Lue also hesitated. To the side

One person waved his hand. Then he introduced it to Fan Wubing. "This is David Chen, senior adviser to the Hong Kong Administration Bureau. He came here specifically to discuss this matter. Let him talk to you. It's too professional stuff. I don't understand it."

David Chen? Fan Wu smiled inside. He shook hands with the other party. Then asked. "Mr. Chen, what suggestions do you have?"

David Chan is a senior adviser to the Hong Kong Monetary Authority. Naturally, I have already had some ideas about this matter. Considering that Fan Wubing would not be willing to sacrifice his own interests. Just made suggestions. "The Authority hopes that Mr. Fan can withdraw from the Hong Kong market in an orderly manner. In order not to have a great impact on the Hong Kong stock market, it is hoped that Mr. Fan will gradually reduce his holdings of stocks within half a year."

In fact, Hong Kong is also worried that Fan Wubing will suddenly withdraw capital in a fit of anger. The damage caused to Hong Kong stocks is too great. Now that the two sides have started talking. A consensus can be reached. Resolve this matter properly.

Fan Wubing looked a little hesitant. David said. "The current trend of the Hong Kong stock market is just right. It is steady and rising. Mr. Fan will withdraw his capital within half the time. There will be absolutely no loss. There can even be some gains. This is also the sincerity of the company."

"In that case. Then I won't say anything else." Fan Wubing thought about it. Then he raised his head and smiled. "Let's do this. Starting from now, withdraw one billion US dollars a month. Before the National Day. How about withdrawing all funds?"

After David Chen listened. I feel that although the six-month period is different. But that's just two extra months. The most important thing is that Fan Wubing is willing to cooperate. This is the first priority. Even if your mission is completed. So he agreed.

Fan Wubing also called in the company executives responsible for this business. And had a phone call with Qin Rushan. Let him choose the stocks to be withdrawn from the market at his discretion and reduce his holdings in an orderly manner.

After all this. David Chen is very tall. He expressed that the Hong Kong Monetary Authority is very grateful to Mr. Fan for his cooperation. He also extended an invitation to Fan Wubing to attend the July 1st Return Ceremony.

"This is a must go. Then I might bring someone with me. It would be a bit annoying." Fan Wubing said with a smile. "In order to welcome the return, I bought a few villas on Hong Kong Island. I don't think I need to return these, right?"

"What the hell. If you are always willing to come to Hong Kong to exhibit, we will be the most welcoming. We are just worried that you will be like those in the school style group. We will leave in a short while." David Chen immediately expressed his attitude.

In fact. If Fan Wu really intends to take root in Hong Kong for construction and development. It was too late for them to be happy. How could you chase people away? But making money in the stock market is different. That's taking meat from someone else's pot. Will be hated by others.

After sending away David Chen and other people from the Monetary Authority. Jiang Lue said to Fan Wubing. "Honestly. I didn't want to come this time. I took this job because I had no other choice."

For the snobbish forces in Hong Kong. Jiang Lue also had some criticisms. I feel that the senior management's policies towards them are a bit too lax. This is clearly an act of harming the interests of others for one's own selfish reasons. Disgraceful.

Fan Wubing smiled and said it was business. Everyone should take care of their own business. Dragons crossing the river are naturally powerful. But now the Tigers suddenly have someone to rely on. Of course, you have to make good use of it. Once it's past 1997. They don't have such a good opportunity. "

Everyone is just using each other. Senior officials in Hong Kong hope that Hong Kong will have political and economic stability when the handover occurs in 1997. Therefore, active cooperation from all major families is required. Therefore, we must take care of their interests. And all the major families are proud of their favor. With this great opportunity. How could it be possible for a businessman not to take advantage of opportunities to make money?

In fact, even if Fan Wubing didn't agree to this matter, it was nothing. If the major families join forces to go short. It's nothing more than a loss of one and a loss of both. through some other means. The losses can still be recouped. It's just that this great opportunity was wasted.

To know. The time and energy it takes to build popularity in the stock market is difficult. Suppress the market. Lift it up again. That takes a long time. None of the major families are in the mood to waste time. This can lead to a reconciliation with Fan Wubing. That's the best result.

It seems. Fan Wubing was still very considerate to them. to be exact. It’s a high-level face for the inside.

But for Fan Wubing. Isn't this a good opportunity? If you divest yourself. There will be people moving to cover themselves. Someone took over. It’s much easier to quit.

Since it has been earned. Why do you have to wait for a crash to exit?

The second update will be delivered every day