Chapter 827: 819 Gao Jin: I have confidence in Hong Kong! Citizens: Good

The sun was high,

Gao Jin was surrounded by a large number of reporters, including ATV and TVB.

"Oriental Daily" reporter: "Mr. Gao, regarding the Soros Fund... I don't know what Mr. Gao thinks about this?"

Numerous reporters also handed their microphones to Gao Jin one after another.

They were all looking forward to Gao Jin's answer.

"Regarding the Soros Fund..."

Gao Jin smiled slightly,

"Hong Kong's economy is still very different from Thailand's. Thailand only has developed real estate and financial industries, with a huge bubble, while other industries are extremely poor, which leads to its very poor anti-risk ability."

"And Hong Kong has a healthy industrial structure, a healthy stock market, and healthy housing prices..."

"More importantly, Hong Kong has sufficient foreign exchange reserves as a backing..."

"I have confidence in the citizens..."

"I have confidence in everything in Hong Kong..."

"So we are concerned about the movements of the Soros Fund, but we are definitely not panicked. Hong Kong's economy can withstand any test."

All reporters breathed a sigh of relief.

Gao Jin could be said to be the anchor of Hong Kong, even if the Governor Ashdown had to be a little brother.

Gao Jin said he had confidence, so everyone had confidence.

These reporters didn't want their assets to shrink, and now that Gao Jin gave them confidence, they couldn't help but feel relieved.

The following questions basically revolved around the Soros Fund and the sniping of the Hong Kong dollar, and the atmosphere was quite relaxed.

Noon,

ATV and TVB reported on the morning's events.

TVB news report:

"Good noon, citizens. The first batch of old building renovation projects, which have been under construction for half a year, finally ushered in a harvest today..."

"At 9:00 AM, the first house of the old building renovation and benefit-the-people project was officially opened for sale."

The video played the interior decoration and layout of the house...

Then it intermittently played the dilapidation of the original Huaxia Men's Apartment...

A comparison,

the old building, which originally had mottled walls and outdated facilities, had now turned into a new building with bright windows and clean rooms and a reasonable layout...

"Multiple department leaders took the stage one after another..."

"Mr. Gao Jin reiterated the principle of 'housing is for living, not for speculation' and promised to let more people realize their housing dreams..."

ATV news report:

"After the opening ceremony, reporters also interviewed Mr. Gao Jin about the movements of the Soros Fund..."

"Facing the question of 'whether you are worried about sniping the Hong Kong dollar,' Mr. Gao Jin's answer was full of confidence."

"Mr. Gao Jin believes that Hong Kong's economic structure is completely different from Thailand's. Industries, stock markets, and housing prices all remain healthy, coupled with the support of sufficient foreign exchange reserves, he has firm confidence in the citizens and Hong Kong."

Gao Jin's figure had been absent from the media lens for more than twenty days.

During these days, the news of the Thai baht being sniped made Hong Kong people panic.

The radio in the tea restaurant was always broadcasting foreign exchange market fluctuations. When neighbors met, the topic always revolved around "Soros" and "will something happen to the Hong Kong dollar," and even the grandmothers in the vegetable market couldn't help but be worried.

Although television news constantly played experts' analysis, saying Hong Kong was fine and the Hong Kong dollar was fine, citizens felt it was not secure.

Until today,

with the broadcast of the noon news, the familiar figure on the screen stood in front of the lens, saying in a steady tone, "I have confidence in everything in Hong Kong" and "Hong Kong's economy can withstand any test."

In front of countless television sets across Hong Kong, countless citizens breathed a long sigh of relief.

Gao Jin's appearance brought a magic like an anchor.

Citizens looked at the figure on the television and suddenly felt that those speculations about the "financial crisis" were not so terrible.

The vegetable stall owner looked at the television and said firmly: "Since Mr. Gao said there is no problem, then there is definitely no problem."

The housewife picking vegetables next to him nodded repeatedly: "Yes, since Mr. Gao said there is no problem, I am relieved."

In the office building, white-collar workers saw Gao Jin's speech on the news and quietly loosened their clenched fists.

Afternoon,

the Hong Kong stock market rose in response.

Although it didn't rise much, it stopped the slow downward trend of the past few days.

Landmark,

Soros Fund company.

Rodney Jones sat at his desk, controlling the mouse, looking at the stock trend chart displayed on the big-headed computer, his brows furrowed.

"This is too outrageous, right?"

"This Gao Jin, just by making a speech, can pull up the Hang Seng Index?"

Shocked!

At this moment, Rodney Jones had to re-examine Gao Jin's prestige in Hong Kong once again.

"Could he really affect our next plan?"

He couldn't help but worry a little.

But now the Soros Fund and other funds had already smashed more than 10 billion US dollars in Hong Kong's foreign exchange and futures markets. Want to withdraw?

What about the one-year forward contract?

With that high default penalty, if it is settled in advance, a large default penalty will have to be paid.

Not only will a large amount of money be lost, but what about the reputation?

Surrender without a fight?

"Can only hope the situation is not as bad as imagined..."

Rodney Jones thought for a moment and called his secretary:

"Go and check, where did that Gao Jin go during this time?"

"Yes!"

One hour later,

the secretary came to report: "On December 27, he went to South Korea... then returned to Hong Kong, and then on the 16th, he went to Thailand..."

"Wait!"

Rodney Jones felt a jolt,

"Went to Thailand?"

This couldn't help but make him think more.

Could it be that Gao Jin also discovered this in advance?

"Got it."

Rodney Jones waved the secretary away, pondered for a moment, opened the computer, spent 1 hour writing a report, and prepared to send it to the Soros Fund headquarters.

Just as he clicked send,

suddenly,

"Not good! Boss, something has happened!"

The secretary rushed in.

Rodney Jones felt his heart tighten: "What's wrong?"

Secretary: "Jerry was beaten by a group of Hong Kong people while eating downstairs!"

Rodney Jones: "Ah?"

Simple folk customs... fierce!

As the Spring Festival approached, Hong Kong gradually entered the atmosphere of the Spring Festival.

The flavor of the year gradually became rich.

All large and small companies in Hong Kong began to have holidays.

The Five Star Group was no exception. The entire Five Star Group distributed year-end bonuses and had a year-end dinner.

February 5,

Gao Jin took Ruan Mei and Gao Crown Prince to the Imperial Capital and met with leaders.

February 6, continued to meet other leaders.

In the evening, he watched the Spring Festival Gala at the scene with a certain leader.

Thus,

that night, people across the country found that the television lens kept giving to Gao Jin's table.

Shaanxi.

A certain village.

The cold wind of the twelfth lunar month swept across the Loess Plateau with snow particles, but it couldn't blow away the increasingly boiling flavor of the year in this small village in Shaanxi. Every household had already pasted bright red spring couplets on their door frames, and some even hung lanterns.

The village head's house was crowded with villagers.

Outside, a group of little brats were playing with firecrackers, divided into two teams, bombing each other, bombing snow piles, bombing cow dung, etc., playing happily in the dark with the moonlight.

And inside the house, a group of adults were watching the Spring Festival Gala.

When the lens slid to Gao Jin's table, the house exploded directly.

"Isn't that... isn't that Mr. Gao?!"

The old village head on the kang suddenly slapped his thigh, and the dry tobacco rod in his hand "thumped" onto the kang table.

"That's right! It's Mr. Gao! That Mr. Gao who came to our village that year!"

The house suddenly exploded.

Tie Dan's father stood on tiptoe and leaned forward, pleasantly surprised: "It really is Mr. Gao!"

Many villagers cheered.

"If it weren't for Mr. Gao, our kids would still be studying in leaky adobe houses!"

"Yes, the children are all studying hard..."

At this time,

on the television, the host introduced Gao Jin: "For this year's Spring Festival Gala, we have invited many compatriots from Hong Kong... I suppose many viewers recognize him, he is Mr. Gao Jin from Hong Kong..."

Gao Jin waved at the lens.

The villagers in the house were excited, and some even waved at the television excitedly.

At this time,

in Sichuan, there were also a large number of people thanking Gao Jin for his donations and investments in Sichuan. Seeing Gao Jin appear in front of the lens waving, they cheered and waved one after another.

And in Hong Kong,

the ATV Spring Festival Gala opened with the singing of "Gong Xi Fa Cai" by Ah Hua, Hua Di, Yu Shuntian, Li Changjiang, Xie Weihao, and other N Huas.

Then to the end of the Spring Festival Gala,

because Gao Jin was in the Imperial Capital, Gao Jin gave a speech to all of Hong Kong,

Gao Jin was dressed in a straight suit, although not as dazzling as Gao Jin, he still had an extraordinary temperament:

"Good evening, citizens of Hong Kong!"

"Today, on behalf of Mr. Gao Jin and the Five Star Group, I extend the warmest New Year blessings to the more than 5 million citizens of Hong Kong..."

"This year, Hong Kong has undergone earth-shaking changes..."

"Promoted old building renovation, so that citizens don't have to bet their entire family fortune on the skyrocketing housing prices, so that every family has a house to live in..."

"Low-cost housing projects continue to advance..."

"Acquired China Land Group, Meigao Electronics Factory, and distributed shares to all citizens of Hong Kong..."

"Central Plaza project, Five Star Supermarket project, Five Star Bank, Huagang Group, Chinese Land... all dividends are in place..."

"The northward plan continues to advance, leading 105 companies to build factories in the mainland, all of which have achieved very good results..."

"Drainage pipe network further advances..."

He spoke eloquently about what happened in 1996,

and then looked forward to the future,

"1997 will be the most important year for Hong Kong..."

"This is not only the end of an era, but also the opening of a brand-new chapter. The Five Star Group will stand at this historical intersection with all citizens of Hong Kong to welcome the brand-new future belonging to Hong Kong."

? Co

Gao Jin's voice spread through the microphone to every household in Hong Kong, steady and powerful.

"In 1997, the Five Star Group will join hands with more local companies to jointly create an industrial cluster with Hong Kong characteristics, and go north to use the mainland's advantageous human resources to further mobilize Hong Kong's economic potential and enhance Hong Kong's competitiveness in the international market."

"We want the world to see that the returned Hong Kong is still that dazzling Pearl of the Orient, and even more dazzling."

"Finally, I wish all citizens of Hong Kong a prosperous Year of the Ox, happiness for the whole family, good health, and everything goes well!"

After speaking, Gao Jin bowed slightly to the lens.

Under the stage, thunderous applause erupted.

Across Hong Kong, thunderous applause erupted.

No citizen would feel that this speech was overstepping, because the Five Star Group was deeply bound to the citizens of Hong Kong.

What's wrong with the Five Star Group representing all of Hong Kong?

Soon, 24:00 arrived, and the bell rang.

Fireworks continued to bloom over Victoria Harbour.

Happy New Year!

Welcome 1997!

The Spring Festival in Hong Kong,

but the Soros Fund did not stop its pace.

Philippines,

The Philippines at this time had a high dependence on exports, a single industrial structure, and against the background of the market panic caused by the sniping of the Thai baht...

February 9, the Soros Fund and other international funds concentrated their efforts to sell the peso, creating a panic atmosphere.

The Philippine central bank was forced to consume foreign exchange reserves to defend the stability of the exchange rate.

And this was exactly what Soros and other funds wanted—to consume foreign exchange reserves significantly!

Malaysia,

The economy of this country was overly dependent on foreign capital inflows, and the real estate and stock market bubbles were serious.

Soros and other funds used the same method to spread negative news, disturb market confidence, and then began to operate simultaneously in the foreign exchange and stock markets.

Selling a large amount of Malaysian ringgit, and then selling a large amount of Malaysian corporate stocks in the stock market, both hands...

Suddenly, investor confidence was frustrated, and there were signs of large amounts of capital fleeing. Although the Malaysian government took a series of measures to strengthen financial supervision, facing the powerful offensive of international speculative capital, the pressure increased day by day.

Indonesia, also had a huge foreign debt scale, and companies were overly dependent on foreign loans, with huge exchange rate risks.

The Soros Fund and other international speculators continued their three axes...

Hong Kong, Japan, and South Korea had no movement for the time being.

February 12, the sixth day of the Lunar New Year,

the Five Star Group went to work for the first day,

Gao Jin spent the whole day distributing start-of-work red envelopes, Five Star Group headquarters, 5 Five Star Supermarkets, ATV, Huagang Group, Mingxin Hospital, Five Star Electronics, Computer R&D Center...

Running all day.

February 14, the Thai baht exchange rate plummeted to the lowest point in 10 years, 1 US dollar could be exchanged for 28.18 Thai baht.

This data broke the lowest record since December 1986, plunging the Thai currency market into panic.

And this also directly slapped Thailand's Finance Minister Nong Zeng in the face, because he high-profilely declared: "Our economic foundation is solid, and speculators cannot shake it."

However, Thailand also began a second round of counterattacks, in addition to using a large amount of foreign exchange reserves to stabilize the exchange rate.

On the other hand, the Bank of Thailand raised short-term interest rates. This measure significantly increased the cost of funds for speculative capital to borrow Thai baht.

But this high interest rate also had a problem: domestic companies would lead to increased costs due to high interest rates, large-scale bankruptcy, and the internal economy would further deteriorate.

Mutual killing!

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PS: I have added the image for the monthly ticket extra (comment in the chapter review, not an illustration in the text).

(End of chapter) ===== CHAPTER 828 =====