Chapter two thousand four hundred and seventy-five
The Malaysian government has responded a lot, including a series of government operations and a series of bank operations. They are trying hard to prevent the financial crisis in Thailand and the Philippines.
The Malaysian government has always felt that their country's ringgit is still relatively strong. After all, there has been no problem with the currency over the years, and the same is true for external funds.
Most importantly, the Malaysian government feels that there has been a financial crisis in Thailand and the Philippines. At this time, their country and neighboring countries have begun to take it seriously, and they are still confident that they can overcome this difficulty.
What the Malaysian government did not expect was that the storm was so powerful. Although they had taken the most active response measures, they did not resist the crazy attacks of those financial tycoons.
Li Zhongxin and Masako Mitsui had a very early layout in Malaysia, and it can be said that they had been in it a long time ago.
It can be said that Li Zhongxin is also one of the big masters behind the scenes, and his ruthlessness makes the Malaysian government feel a deep sense of powerlessness.
Suppress, suppress it madly. There is no chance to give the Malaysian government, and countless massive funds seem to be crazy, just entering the market crazily.
At this time, there is no communication between each other, it is just entering frantically and destroying the market frantically.
The so-called financial crisis refers to the fact that some persistent contradiction occurs in the operation of activities related to currency and capital, such as the credit crisis in bill cashing, the currency crisis caused by disconnection of trading, etc.
Once international speculators find that there is profitable country or region, they will immediately buy a large amount of currency in that country or region and sell it in a short period of time. Then the currency of the country or region will depreciate significantly.
In countries with financial crisis, there is too much money supply in their domestic countries and the foreign debt structure is unreasonable.
In the medium term and short-term debt, once foreign capital outflow exceeds foreign capital inflows, and the country's foreign exchange reserves are not enough to make up for its shortcomings, the country's currency depreciation is inevitable.
It's crazy, it's simply too crazy. In just half a month, many countries in Southeast Asia have experienced financial crises.
At this time, basically all countries in Southeast Asia began to panic, especially Indonesia.
Indonesia is more panicked than other countries. They are ranked last in the four Asian tigers. Now that such a thing has happened, how can they not panic?
Now it is Thai baht, the Phillipine peso, and the Malaysian ringgit. Then, needless to say, the next one must be their Indonesian rupiah.
There are only four countries in the four little tigers. Now all three countries have experienced such financial crises. The hot money in the international market is like a tide, endless, and waves are pouring towards Southeast Asia. Indonesia is also stunned at this time.
Indonesia began to enter the market to support the Indonesian rupiah, began to arrange their financial system according to the strongest layout, and began to borrow large amounts of funds from banks in other countries and friendly countries.
The Indonesian government is almost the same as the Malaysian government’s concern for this financial crisis, but it is almost like putting everything into finance every day.
At this time, not only Indonesia but also their neighbors began to experience such a situation.
The loss of positions in neighboring countries began to affect Singapore's currency, which has always been known as the asylum currency.
The lips were lost and the teeth were cold. Although Singapore also took measures such as raising interest rates, the city gates caught fire and affected the fish. The exchange rate of the Singapore dollar against the US dollar continued to fall.
During this period, Li Zhongxin stayed in the office of Jiangcheng without any use. He went all out to do this with Masako Mitsui and Keika Komura.
Under normal circumstances, Li Zhongxin should fly to Japan to work with Keika Komura, because the market is changing rapidly, and if it is not done well, it will lead to a loss in the whole market.
However! The more you get into this situation, the more Li Zhongxin feels that neither he nor Keika Komura should go to Southeast Asia. It is enough to be able to complete such a transaction through remote manipulation.
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Li Zhongxin felt that he had the highest safety factor in China. After all, he was the safest in mainland China. No matter what major happens there, he could not find it.
The phone calls with Komura Huika and others and the command of the individuals below to do things are all done through encrypted channels. Unless they are caught in their current situation, it will not explain any problem. They have never been to Southeast Asia. So, what happened in Southeast Asia really has nothing to do with them.
Li Zhongxin is in China, and the Chinese government can give proof that Mitsui Masako and Komura Keika are public figures in Japan, and they often show off to let people know that they are not moving in Japan.
In terms of security and retreat, Li Zhongxin and Komura Huixiang had already completed the arrangements. The securities and foreign exchange transactions conducted in the four Asian countries were all completed through some financial institutions there. These financial institutions basically got up early in the name of foreign capital and registered with people from other countries. They had no connection with Zhongxin Mitsui Bank and Zhongxin Company. No matter how the governments of those countries reviewed, they could not find out.
Soros and his financial tycoons entered Southeast Asia for a long time shorter than Li Zhongxin and others. Whether in terms of layout or other aspects, if they checked, they would first find out the individuals. In other words, the four little tigers in Southeast Asia were considered to be crippled by them this time.
According to the words of Malaysian Prime Minister Mahathir, the economic system they had built over 40 years was suddenly destroyed by an idiot with a lot of money.
Chapter completed!