Su Su said: "Then let's talk about Hong Kong in 1997. At that time, Hong Kong was not only the four little dragons of OEM factories, but also the international financial center of the British Empire in the East. It is very prosperous in data. The GDP is equivalent to the sum of the inland Beijing, Shanghai, Guangzhou, Shenzhen and several first-tier provincial capital cities. Can Brother Qiang imagine the importance of Hong Kong?"

Wang Qiang remembered a line from Hong Kong film: "Hong Kong is prosperous, and if it is prosperous, Hong Kong is even more prosperous!"

Su Su smiled and said, "Yes, pop culture was also very prosperous at that time. Unfortunately, they were all false prosperity. Brother Qiang knew that the banks in Hong Kong had negative interest rates in those years?"

Wang Qiang was stunned: "Negative interest? Just like Japan?"

Su Su nodded: "Simply put, negative interest rates mean that residents are not allowed to save money, and that residents can buy and buy, which stimulates consumption to revitalize the economy. Since banks cannot manage their finances, residents can only buy houses and stocks, and the house prices and stock prices will rise. To put it more complexly, negative interest rates are an extreme financial phenomenon and an unknown area of ​​finance, so what impact does it have need to be observed."

Wang Qiang was a little confused: "What is the current observation result?"

Su Su smiled and said, "It seems like a pitfall at the moment! This is the regulatory measures taken by Hong Kong after the failure of Sino-British negotiations in 1983. By 1997, Hong Kong's prices rose 12 times, workers' wages rose soared, and the stock market and real estate market soared. The bubble was very serious. As long as there was a bubble, it would give the other party a chance to take action - and then it would directly enter the main point of the war. At that time, Hong Kong had about 40 billion US dollars reserves and about 130 billion in the mainland. In terms of total amount, it must be more funds than Soros."

Wang Qiang was shocked: "Wait! I just said that Thailand only has a mere US$30 billion, and Hong Kong has 40 billion? The mainland is so big that it is only 130 billion?"

Su Su said in a deep voice: "Yes, this 130 billion is still the hard-earned money from China to selling shoes and shirts in 17 years since the reform and opening up in 1980!"

Wang Qiang was shocked: "No way? How many people in Thailand are there? How many people in China are there? How did they develop?"

Su Su sneered: "It's not just Thailand. At that time, Japan's per capita was 100 times that of China, and Taiwan's per capita was 30 times that of China. At that time, Southeast Asia and even the Philippines were far more than that of the mainland. They all started to play the electrical assembly of mid-range players. China can only do the most unprofitable players to sell shoes and shirts. How unhappy?"

Wang Qiang nodded: "It's really unhappy."

Su Su smiled and said, "So from now on, who is the biggest beneficiary after the Southeast Asian financial crisis in 1998?"

Wang Qiang browed: "China?! At that time, China's 1:8 depreciation of the exchange rate was indeed a long-planned big move?"

Su Su smiled and said, "Who knows? Perhaps for these false and prosperous small countries, the storm is a catastrophe, but for China, it is to clear obstacles and ride the wind and waves. Well, in this lesson just now, Brother Qiang knew how Soros robbed Thailand, right?"

Review is very important! Wang Qiang nodded: "Well, first borrow a large amount of Thai baht, then ask the navy trumpet to spread rumors and make trouble. First, let the panic people throw the Thai baht as cannon fodder for siege. Then Soros bought all the Thai dollar until the fixed exchange rate was broken, and then the Thai baht was depreciated to toilet paper. All the Thai dollar was bought into Soros' pocket by these toilet papers, and then he could directly take the toilet paper to pay back the money, perfect!"

Su Su smiled and said, "Yes, this is still the same routine when dealing with Hong Kong. If Brother Qiang wants to protect the market, what will Brother Qiang do?"

Wang Qiang cut: "Just call a team of soldiers, arrest them, and defeat the local tyrants and divide the land!"

Su Su said angrily: "That's not a financial war! That's just a war. They are the bosses behind the United States!"

Wang Qiang coughed dryly: "It's fun, if it's my brother, it's increased the interest on borrowing money! Didn't it be said that Western banks borrow money from the Soviet Union and borrow money from 30% of usury? Brother's territory is the master, so I'll just 50%! It's very civilized, so that others won't say that my brother is a black club."

Su Su said with relief: "Yes, the answer is correct, it is a rate hike! But Brother Qiang thought of another question, once the rate hike is raised - what will happen to the stock market?"

Wang Qiang browed: "Down!"

Su Su said in a deep voice: "Yes! Ordinary people will only buy low and sell high, buy high and make money, that is, go long. But high-end players will buy low and make money, that is, short-selling - they will borrow the goods first and sell at a high price. When the price of the goods falls fiercely, they will buy back the goods at a low price and pay it back. The difference between them is what they make. In theory, they are still buying low and selling high, but the order of operations is the opposite."

Wang Qiang then realized: "So this is short selling! I used to hear about long-short battles, and I thought short selling was a very evil existence!"

Su Su smiled and said, "For the vast majority of bottom players who only know how to go long, short sellers are mortal enemies! So Brother Qiang, do you think Soros is not prepared for the Hong Kong stock market with inflated stock price bubbles?"

Wang Qiang suddenly realized: "That is to say, Soros started a war on two fronts, and he also invested his money in the stock market to prepare for shorting! As long as the Hong Kong dollar raises interest rates, Soros's loss to borrow money is huge, but the stock market will definitely fall, and he can make up for his blood if he shorts!"

Su Su laughed: "Reply! Congratulations to Brother Qiang for graduating from the third grade of elementary school - this is a hedge fund, betting on both ends! To be precise, long betting on the foreign exchange market, stock market, and futures market at the same time."

Wang Qiang was shocked and said, "It's that simple?"

Su Su smiled and said, "It's that simple! Hedging means to make up for the loss by making money! But the difficulty is that part of the loss is lost, part of it makes money, but the result is not to lose, but not to make money? So although the principle is simple, how to ensure that you make more than the loss is the hard-working course of an expert fund manager. This requires superb market insight and computing power, as well as various tricks of high-end players. It is precisely because the hedging gene can continuously recover blood, the fault tolerance rate is very high, which is destined to be a protracted war that lasts for many rounds for a year!"

Wang Qiang was so angry that he said: "Can you write it in the encyclopedia more simply? There are so many words that I can't understand even a sentence! It turns out that even an ordinary gambler knows."

Su Su smiled and said, "Brother Qiang must not say that hedging genes are long betting, otherwise those financial experts will despise you, the uneducated and uneducated."

"What the hell!"
Chapter completed!