? With the publicity of interest rate spread news and the sniping of the Korean won in the international currency market, the exchange rate of the Korean won against the U.S. dollar began to decline continuously from mid to late July. \\. qβ5.c0m (Provide the latest chapter reading> On Friday, July 26, the exchange rate of the Korean won plummeted by 6.9 percent in one day. In the evening, the Blue House in Seoul, South Korea announced the Ministry of Finance, claiming that the Ministry of Finance would condemn the Huge sums of money to ensure the stability of the Korean won exchange rate, and another 1.1 billion US dollars will be invested to stabilize the Korean stock market. At the same time, the government announced that it will take "severe measures", including accusing some financial news media in the United States of defamation and other charges, accusing them of passing The "exaggeration" of South Korea's financial woes and the use of inaccurate figures on foreign exchange reserves has led to heightened volatility in South Korea's financial markets.

However, the efforts made by the South Korean government did not pay off. As soon as the exchange rate market opened the next day, the exchange rate of the Korean won against the U.S. dollar was again **3.5%. On the same day, Hanbao Group, the second largest steel group in South Korea, declared bankruptcy. Soon after, a series of large enterprises and groups such as Sammi, Danong, Jinro, Kia, Haitian, and Nucor declared bankruptcy or applied to the South Korean government. Bankruptcy protection, which turned a large amount of money lent by the relatively weak South Korean financial industry into bad debts, and the First Bank and Seoul Bank, as well as many credit institutions, were in trouble.

On the 27th day of July, Warner, who had been busy for nearly a month, walked out of the gate of the Far East Financial Securities Trading Center. He drove to the headquarters of Guo's Group and reported a situation to Guo Shouyun - sniper The final victory of the Korean won has been locked, and the rest depends on how much the South Korean government intends to continue throwing into the foreign exchange market. According to Warner, the more they threw, the more the Wanlong Fund made, and the Koreans even emptied the IMF's pockets. They can't save the defeat, because in the past week, some of the **** international hot money has already rushed over from Hong Kong. The person in charge can say that the Koreans are now fighting with the international hot money. In this case, they have no chance of winning at all.

as predicted. Just as Warner and Guo Shouyun were toasting to celebrate, the South Korean government announced that the former Minister of Finance Jiang Qingwei had dismissed the post of Minister of Finance of South Korea, and Lim Changlie would replace him as the new Minister of Finance of South Korea.

On the evening of the same day, South Korean President Kim Young-sam made a public televised speech. He first apologized to the people of South Korea in his capacity as president, and then said that. Now is not the time to shirk responsibility. At this stage, the Koreans must unite, tighten their belts, and do their best to deal with the current economic crisis. Apply for emergency foreign exchange reserves. In order to stabilize the financial market as soon as possible and promote the national economic reform.

no doubt. Kim Young's three-place televised speech is tantamount to officially announcing that the South Korean government has been completely defeated in the Korean won sniping campaign. The more than 30 billion foreign exchange reserves accumulated by the Central Bank of South Korea in the past few decades, and in response to the crisis The nearly 30 billion emergency loan applied for by the International Monetary Fund was wiped out in less than a month. On the whole, South Korea has suffered a total of 140 billion in this crisis. huge economic losses in dollars.

In contrast to the huge losses in South Korea, the Wanlong Fund made huge profits during the three-week financial sniping war. Wanlong Fund led by Warner. Before and after, he invested a huge speculative capital of 30 billion US dollars in the Korean stock market and foreign exchange market, and finally. It took a huge profit of up to five billion US dollars from the pockets of Koreans.

Warner became famous in the first battle, and he was rich. His name was once again listed on Time Magazine's Person of the Year list, and Wanlong Fund also became a well-known venture fund in the international financial circle following this battle. But at the same time, Warner himself, He was also named the most unpopular person of the year in Korea. As Kim Young-sam said in his televised speech, "He made our country's economy go backwards by 10 years. A year ago, our per capita income was US$7ooo, and now it is US$1oooo. Now, they have reduced our per capita income by 30%. , back to $7ooo, we have to work hard to get back on our feet, and this effort was absolutely unnecessary."

Even though this guy, Warner, has made South Korea so miserable, Guo Shouyun still seems to think that he has not made enough money on the Korean site. Therefore, just after the Korean Won sniper war ended, he set his sights on the cause. South Korea’s Kia Motors Co., Ltd., which fell into the bottom line of liquidation due to financial problems, entrusted the Russian commercial agent in South Korea to negotiate with the Korean Ministry of Commerce about the acquisition of Kia Motors Co., Ltd. by the Guo Group. According to what he meant, the Gongqingcheng Heavy Industry Machinery Group, which is controlled by the Guo Group, would invest US$5 billion to fully acquire Kia Motors Co., Ltd., which was on the verge of bankruptcy. But unfortunately, his intention was rejected by the Korean side without hesitation, and soon after that, news of the merger of Kia and Hyundai came from the Korean side.

Not being able to win Kia is a pity for Guo Shouyun, but at this time, he has no more thoughts to regret, because just as the Korean Won sniper campaign came to an end, the international hot money party had already planned. The long-term sniping on the Hong Kong dollar market has finally started, and from that moment on, it has been ferocious, like a storm.

In fact, from a fundamental point of view, Soros’s sniping on the Hong Kong dollar market and the Hong Kong stock market is not much different from Warner’s sniping on the Korean won market and the Korean stock market. Then, take advantage of the opportunity of floating people's hearts to make a big shot, so as to achieve the effect of getting twice the result with half the effort.

As Warner had previously analyzed. International hot money party led by Soros. Sniping on the currencies of Malaysia and Myanmar. In fact, it is the periphery of the Hong Kong battlefield. As early as the sniping on the Kyat at the same time. International hot money parties have been quietly operating the Hong Kong Index. On the one hand, they operate through funds. Concealedly increase the rate of increase in the Hong Kong index. on the other hand. And through the over-the-counter futures contract method. Cover up their attempt to snipe the port. When all this is ready. mid to late July. Morgan Stanley had a hard time. Its chair analyst Biggs suddenly announced bearish Asian stocks. The company will reduce its shareholding in Hong Kong from 2 percent to zero. Immediately after. The four major foreign fund organizations in Hong Kong also left. led by them. A large number of foreign investors have shorted their stocks. As a result, the Hang Seng stock index fell to 10.4 percent in just two days. with 9.6 percent.

Because of this period, Warner is doing the finishing touches on the won and index market. In addition, it believes that the real international hot money party has not yet shot at this time. so. Wanlong Fund remained silent. They also need to be observed. Observe the further movements of the Hong Kong index and the Hong Kong dollar exchange rate. At the same time. We must also observe the actions of the Hong Kong government and the mainland.

It is different from Guo Shouyun's established purpose. in this battle. The goal of Warner is to defeat the opponent as much as possible. rather than entering the market without any basis. And lost all the money in his hand. therefore. He thinks at this time. If Wanlong Fund first enters the market with the Hong Kong government and the mainland. Then the latter two sides are likely to stand still for a long period of time. Sit and watch the two hot money parties fight. So as to achieve a goal of preserving the strength.

"The enemy doesn't move. I don't move." Such tactics. Does not apply when there is a place of cooperation. In other words. at times like this. Warner believes that it is necessary to insist: "The enemy does not move. The friend does not move. I also do not move." Because only that. Wanlong Fund will not fall into a complete defeat.

It is clear. Although Guo Shouyun did not hold much hope of victory in this sniper battle. But he didn't want to export all his savings. therefore. In the face of Warner's proposal. He happily accepted. that's all. After the end of the Korean won and the sniper campaign of the Korean finger. The Wanlong Fund has been around for a long time throughout August. Neither took any action. They waited silently to observe the timing.

from the beginning of August. The international hot money party's attack on the Hong Kong dollar has officially begun. From August 5th. in the international currency market. A large number of Hong Kong dollar futures orders were thrown out, indicating the entry of international speculators. influenced by. The exchange rate of Hong Kong dollars is within five, six, seven or three days. **Six percentage points. Hong Kong people are floating. A wave of selling Hong Kong dollars to buy US dollars emerged. And drive the Hong Kong Index to the broader market continued to fall.

In order to resist the sniping of the Hong Kong dollar by international speculators, the Hong Kong government responded quickly. On August 9, the Hong Kong Monetary Authority made a grand debut amid the wailing of Hong Kong people. The foreign exchange reserves of US$3 billion were immediately put into the foreign exchange market and sold. US dollars to buy Hong Kong dollars to stabilize the exchange rate of Hong Kong dollars. At the same time, in order to increase the cost of speculators, the Hong Kong Monetary Authority announced that it will no longer use the official discount rate of 6.25% to provide funds to those banks that have borrowed too much, but will use punitive interest rates according to the situation. Adjust funds. Affected by this, the inter-bank interest rate in Hong Kong has skyrocketed, reaching as high as 50% at the highest. The implementation of this policy has effectively cut off the channels for international speculators to borrow and speculate in Hong Kong dollars. However, according to Warner, this The decision also just fell into the trap of the international hot money side.

There is no doubt that the increase in the Hong Kong dollar interest rate and the peer's interest rate can indeed increase the cost of foreign exchange players, but at the same time, it will also make those small and medium-sized investors daunting. , it will make things worse, and the situation will become more critical.