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Text Chapter 796 Worry

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    Chapter 796 Worry: "Oh?" The old man raised his eyebrows slightly, obviously finding Lin Yu's answer interesting, and asked in a deep voice: "You mean, the scale and extent will worsen?"

    Lin Yu nodded heavily and said: "The economies of Southeast Asian countries have developed too fast in recent years, focusing too much on the development of financial market functions and neglecting infrastructure construction. Such economic development, or economic prosperity, is just an illusion and a virtual reality.  Prosperity. Their currencies in the financial market are nakedly exposed to other people's guns, without protection, and there are too many hidden dangers. It is natural for arbitrage funds and national hot money to take action against them. This  It's like a three-year-old child walking in a busy city with a bunch of priceless jewelry, and anyone is ready to snatch it away!"

    "So you took action too?" The old man smiled and asked.

    "Such a good opportunity, if you don't take action, you will regret it. Besides, if I don't want the money to be made by those national speculators, you might as well give it to me." Lin Yu said with a smile.

    "You are right, but" the old man frowned slightly, and said with a serious expression: "But if it is according to what you said, it has just begun, the storm will get bigger and bigger, and sooner or later it will affect us."

    Lin Yu smiled and said: "At present, our country has not yet joined the WTO, and its economy has not really integrated with the world economy. It is unfavorable to external development, but its self-protection ability is very strong. Therefore, the impact of this financial crisis on us will not be  Very big. At most, the export industry will be affected to some extent and export volume will decrease. But fortunately, Southeast Asian countries are not our main export markets for foreign exchange earnings, so the impact is limited"

    "What about Hong Kong Island?" the old man asked with some concern.

    Lin Yu smiled. He knew that this was the key point that the old man wanted to talk to him.

    Hong Kong Island is about to return to China. If the country has just exercised its sovereignty and is hit by the financial turmoil, it will undoubtedly be a disaster for the already fragile public sentiment.

    "Grandpa, please rest assured that no matter how large the scope of this storm is, no matter how strong it is, and no matter how long it lasts, the impact on Hong Kong Island will not be too great."

    "You mean that international funds and hot money will not take action on Hong Kong Island?" The old man asked, staring at Lin Yu closely.  There seemed to be some disbelief in his words.  Since these funds dare to target Thailand and Southeast Asian countries, there is no reason to spare Hong Kong Island alone, right?  What's more, even if those international speculators don't move, it's hard for the old man to believe that Western countries will not take advantage of the situation and push behind the scenes to attack China's international image.

    "Of course not." Lin Yu replied: "These arbitrage funds are all profit-seeking people. In their eyes, Hong Kong Island is also a piece of fat, and of course they will not fail to take a bite."

    "The mainland of the motherland is the strong backing of Hong Kong Island. Aren't they afraid of our Chinese government's determination to rescue the market?" The old man said loudly with a glint in his eyes: "After all, the market trend is far less likely to be affected by technology than by technology.  The influence of basic strength. Hong Kong Island itself has a huge amount of foreign exchange reserves, plus our country¡¯s foreign exchange reserves. International funds and hot money may not necessarily have an advantage."

    Hong Kong Island has just returned to China to maintain the stability of the financial market.  Not only out of economic necessity, but also out of political necessity.  International funds are taking action against Hong Kong Island, and it is inevitable that the central government will respond harshly.

    But the old man¡¯s expression was not relaxed.

    ¡°Due to historical and practical reasons, people in the domestic financial community have a far less thorough understanding of the international financial situation than experts from Western countries, especially due to years of isolation and lack of practical operational experience.  This is difficult to make up for in the short term.  Although the central government and the Hong Kong SAR government have joined forces.  The strength is strong, but no one can make an accurate estimate until the last step to how huge the international hot money is.

    Although the old man is not an economist, he has a keenness and far-sighted vision for many things that others cannot match.  You will soon be able to see the clues from some subtle details and associate them with the development and construction of the country.  People have to admire that extraordinary people must have something extraordinary.

    However, despite the strong strength of the central government and the Hong Kong SAR government, no one can make an accurate estimate until the last step to how huge the international hot money will be.

    "How much is the country's foreign exchange reserve? At best, it's only more than 100 billion U.S. dollars, right?" Lin Yu smiled and said, "Grandpa, do you know how much hot money is there in the world?"

    The old man raised his brows. Although he said nothing, he motioned for Lin Yu to continue.

    "7 trillion!" Lin Yu said with a smile: "There are currently about 7 trillion U.S. dollars of flowing international capital worldwide. Once international speculators find out in which countryIf a country or region is profitable, it will immediately impact the currency of that country or region through speculation in order to obtain huge profits in the short term.  These arbitrage funds have a very accurate grasp of market trends. When the war breaks out, the funds that follow the trend will be like a tide. If some countries with ulterior motives continue to use this to add fuel to the flames, no one can predict the development of the situation"

    "7 trillion!" The old man's eyes twitched slightly when he heard this. The wrinkles at the corners of his eyes were deeper, as deep as a knife, and his expression became serious.

    How much is 7 trillion dollars, and what can 7 trillion dollars buy?  Theoretically, you can buy 37.4% of U.S. stocks (including New York and Nasdaq), and you can buy all Japanese companies listed on the Tokyo Stock Exchange.  7 trillion can buy almost 100 of the world's largest listed oil companies (there is no need to buy PetroChina, Sinopec, and CNOOC), and it can buy twenty Apple companies (the world's second most innovative company with fashionable electronics brands)  large-cap companies).  7 trillion can swallow 100% of all the oil produced this year. If you buy any of the above, there will be a surplus.

    ? 7 trillion US dollars can buy all the real estate (residential and commercial) in twenty major cities in the United States, buy all the world's railways 20 times, all listed airlines 40 times, or all listed shipping companies 40 times.  With 3.7 billion, you can buy the world's top 100 sports clubs, top 100 cultural clubs and top 100 libraries 40 times.  According to accounts released by the U.S. Department of Defense, the military equipment it owns is worth US$414 billion. US$7 trillion can buy all the aircraft carriers, strategic bombers, nuclear submarines, tanks, missiles, radars, military vehicles, and tents in the United States. Readers may wish to buy it many times.  Calculate it yourself.

    7 trillion U.S. dollars is a lot, and it will make any country feel scared, especially when the 7 trillion U.S. dollars is used to deal with your country, it will be even more frightening.

    Even an old man who was accustomed to big scenes was shocked by the huge astronomical figure mentioned by Lin Yu.  If such a large amount of money really comes in, I believe no country or region can withstand such a huge impact, and the economy will be hit hard.  As Lin Yu said, the mainland will not have such problems due to its strict controls and closed monetary and financial policies, but what about Hong Kong Island?

    Are you just going to watch them destroy the economy of Hong Kong Island and give the Chinese government a resounding slap in the face?

    The old man closed his eyes slightly, frowned, and couldn't help but rub his forehead.

    On the issue of Hong Kong Island, he has devoted so much effort. From the 27th United Nations General Assembly to the overwhelming majority of 99 votes to 5 votes (the United States, Britain, France, Portugal, South Africa) passed the corresponding resolution, from the international  China's sovereignty over Hong Kong Island and Macao was legally confirmed. At the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China, the resolution of issues such as Hong Kong Island, Portugal, Austria, and Taiwan was put on the agenda.  From the old man's meeting with Mrs. Thatcher in the Great Hall of the People, the first head-to-head confrontation between China and Britain began, and the Sino-British negotiations started for two full years. In September 1984, the two sides reached an agreement and Thatcher officially signed it in December.  .  From criticizing Patten's "Three Violations" plan to sharply pointing out: Britain's perfidy must be resolutely resisted, no concessions must be made, and preparations must be made in all aspects, including military preparations From the beginning to the end, in  It is the old man who makes the final decision at critical moments and key issues.

    After going through difficult and twists and turns of negotiations, Hong Kong Island is finally about to usher in the historical moment of its return. How can the old man easily watch it suffer any further harm?

    "Xiaoyu, I want to ask you, what is your attitude towards this? You won't sit idly by and ignore it, right?" After thinking for a moment, the old man suddenly opened his eyes and stared straight at Lin Yu and asked, his eyes flickering.

    A faint smile appeared at the corner of Lin Yu's mouth.

    Since the old man was worried about Hong Kong Island facing the upcoming financial crisis, Lin Yu knew that the old man asking him to go to Hong Kong Island with him this time was just a drunkard's intention.

    On the surface, the reason why the old man took him to Hong Kong Island was because he wanted to use his familiarity with most of the visiting Hong Kong celebrities to play the family card and win over and strengthen their support for the return of Hong Kong Island.  , I thought so too at first.  Of course, Lin Yu did not deny that the old man might indeed have such a plan, but in fact, more importantly, the old man wanted to know his attitude towards the financial crisis that was about to sweep across Asia.

    In fact, Lin Yu should have figured this out a long time ago. After all, no family or force would change the policies and directions that the family and force had already planned just because of their personal relationship with him.  No matter how good the personal relationship is, it is insignificant in the face of family interests.  In order to support Lin Yu, it is too unconventional to tie up the entire family and power.  (To be continued

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