The British-Hong Kong government has spent 10 billion US dollars on Hong Kong people to acquire Hong Kong dollars in the international foreign exchange market. Such a rampant operation seems like a dragonfly shaking a stone pillar in summer.

Because the total amount of Hong Kong dollars in the international foreign exchange market is nearly 100 billion US dollars, in addition to the Hong Kong dollars sold by Soros, there are other Hong Kong dollars sold by hot money.

Therefore, the 10 billion US dollars of funds from the British and British governments in Hong Kong are inconspicuous in the face of such a large sales volume. What's more, these international financial speculators are not the only one hundred billion US dollars in their hands.

If needed, they can sell at least another 100 billion US dollars worth of Hong Kong dollars. This is the domineering thing about international hot money.

One force will be reduced to ten times! As long as you go on the ring and as long as your strength is not as strong as him, no matter how you dove, you will not be their opponent.

There is only one solution, that is, learn from China, implement foreign exchange control, and fight your own, and do not compete head-on with international hot money before its strength is strong. Only in this way can we ensure that we can not lose it.

Of course, doing this will also miss many development opportunities. It depends on how countries choose!

...

With such domineering international hot money, the British-Hong Kong Mansion was like a fool, spending money all the money. Tens of billions of dollars, and even a splash was not splashed. All of them were left to waste, making Xia Tian a little confused.

You should know that even if international hot money is domineering and the British Hong Kong government does not have a chance to win, it does not mean that it can do nothing at all. At least it should adopt active strategies to protect itself. In this way, even if you lose, the loss will be smaller and you will not be beaten to the point of bruising and swollen and dead.

In Xia Tian's opinion, there are actually a lot of things to do in this tens of billions of dollars. It is the stupidest trick to use it to acquire Hong Kong dollars sold in the international foreign exchange market.

According to "Records of the Grand Historian: The Family of Wei", "(Six Kingdoms) use land to serve Qin is like holding firewood to put out fires, and the fire cannot be extinguished." The Hong Kong government uses this ten billion US dollars to purchase foreign exchange, which is actually to send bullets to international hot money.

If it is summer, financial policies will be formulated to curb hot money and use the tens of billions of dollars to Hong Kong construction. This is a good way to check for omissions and make up for the loss.

So, the Hong Kong British-English Mansion's move is simply brainless, but they shouldn't be so stupid. After all, the officials of the Hong Kong British-English Mansion are not all corpse-like food, and these principles are not impossible.

They must have no intention of doing this, but Xia Tian hasn't thought of it yet.

...

Like Hong Kong, Thailand, South Korea and other countries have also begun to strive to restore their economies after the economic crisis.

On the one hand, they asked the International Monetary Fund (IMF) for assistance, hoping to obtain its financial assistance; on the other hand, they worked hard to squeeze out the last part of the funds for economic development.

The IMF's financial aid is not for nothing. If they want to get financial aid, they must accept IMF's fiscal and monetary policy arrangements and the restructuring and transformation design of the economic and financial system. It can be said that it is equivalent to the country's fiscal power being handed over to outsiders.

The national conditions of a country are foreigners, so it is impossible for them to have a deep understanding of the national conditions of the country. Therefore, the fiscal and monetary policies and economic and financial system reform strategies they formulate are often practiced to cut their feet and copy them.

There is an old saying that a slight difference can lead to a huge loss. A little policy mistake can cause great losses. What's more, this major operation on a country's finances is likely to be unfinished and the "patient" will bleed and die.

For example, the economic development strategy formulated by IF in his previous life for South Korea was to use austere fiscal and monetary policies. The result not only did not revitalize the South Korean economy, but instead made South Korea's foreign exchange outflow more rapidly, and also led to the bankruptcy of a large number of factories and enterprises in South Korea.

South Korea was originally just a hit by the Asian financial crisis, but it turned out to be the worst hit country. The entire country's economic system almost collapsed.

In addition, imf was founded and dominated by the United States. The United States is controlled by consortium capitalists, so imf largely represents the interests of these American consortiums.

Therefore, when it provides financial assistance to a country and asks it to accept its own arrangements, they usually open doors for the U.S. consortium.

Just like after receiving IMF's financial aid, South Korea was forced to completely liberalize the proportion of foreign-funded shares of its own enterprises. In this way, foreign capital bought a large amount of stocks of South Korean companies, making South Korean companies nominally still own South Korea, but in fact, control has already belonged to foreign countries.

For example, the famous Samsung has a foreign shareholding ratio of up to 55%; the Minjian Bank of South Korea has a foreign shareholding ratio of up to 77%; the Foreign Exchange Exchange Bank of South Korea has a foreign shareholding ratio of up to 75%... It can be said that the Han River miracle created by the people of South Korea for decades has all been cheaper in the Han River.

...

In addition to seeking help from outside, South Korea, Thailand and other countries have also worked hard to mobilize their citizens, hoping that they can unite and revitalize their own economy together. Therefore, things like donating foreign exchange, donating gold, and donating silver have also happened in South Korea, Thailand and other places.

Seeing this scene makes Xia Tian feel a little emotional.

To be honest, it is really not easy for ordinary people. They are a class of oppressed and exploited. When those chaebols get rich, they will not think of them. Now they need to donate money, but they have to mobilize them to stand up.

It is really prosperous, the people suffer; it is destroyed, the people suffer!

...

In addition, in order to revitalize the economy, South Korea, Thailand and other places have also shown signs of attracting foreign investment.

In order to attract foreign investment, they have also formulated various preferential policies, such as tax reduction and exemption, such as opening up sensitive industries. This move is very useful for attracting foreign investment, at least in South Korea in the summer.

South Korea's financial crisis was the worst hit.

First, it is the most economical among the four Asian dragons, so once it collapses, the biggest loss will be.

Second, it is full of disadvantages, and it is strong on the outside and does the middle. This financial crisis directly triggers its chronic illness. Once the internal and external troubles are added, the lethality will double.

South Korea's Korean won depreciated by nearly half, with foreign debt reaching $160 billion, short-term foreign debt reaching $70 billion, and foreign debt payable by the end of the year is as high as $30 billion.

South Korea's foreign exchange reserves at that time were only 4.6 billion US dollars, and it needed to import US$12 billion in grain every year. In other words, South Korea's current economic situation not only could not pay back debts, but it could not even afford to eat.

At this time, in order to attract foreign investment, South Korea naturally lowered its attitude.

And rich people like Xia Tian became masters in South Korea!
Chapter completed!