Resource Tycoon Reborn

Chapter 224 Early Warning

Naturally, Zheng Yutong would not know the inside story of this level. Otherwise, his appreciation for Fang Mingyuan would probably have to be further improved - in just a few years, he spent millions of dollars to obtain hundreds of millions or even millions of dollars.

With a profit of possibly more than a billion dollars, such crazy achievements can only occur with a small probability in high-risk transactions such as arms, gambling, drug trafficking, and futures. And Fang Mingyuan can accomplish this in the traditional business field.

An achievement that is simply impossible to accomplish, even if it cannot be said to be unprecedented, is definitely rare in history.

In fact, Fang Mingyuan should say less. The more than 4 billion rubles of rough diamonds were only the quantity he purchased for the first time. In the following years, he successively purchased a lot more, and the total amount was almost a few thousand.

One billion rubles, but most of it was obtained from ruble loans before the disintegration of the Soviet Union, and a small part was obtained directly from the ALROSA branch of the Republic of Yakutia through barter. The profits obtained,

It's a lot less than the first batch of purchases, but it's still dozens of times more profitable.

"Grandpa Zheng, I think Chow Tai Fook Jewelery and Gold's business expansion in Hong Kong and Southeast Asia has almost reached its peak. Should we slow down the pace of development, consolidate the existing market, and turn our attention to the inland market?"

Fang Mingyuan said softly, "I think the economies of Southeast Asian countries have developed too fast in recent years and their financial systems are imperfect. Many Southeast Asian countries, such as Thailand, Malaysia and South Korea, have long relied on short- and medium-term foreign loans to maintain the balance of international payments, and their exchange rates are relatively high.

And most of them maintain fixed or linked exchange rates with the U.S. dollar or a basket of currencies, which will provide a good hunting opportunity for international speculative funds."

Zheng Yutong was taken aback. Having been in the mall for a long time, he naturally understood the extraneous meaning of Fang Mingyuan's words, "You mean, there may be an economic crisis in Southeast Asia?"

Fang Mingyuan nodded slightly and said: "Yes, I think that in the past two years, if the financial situation of Southeast Asian countries has not undergone fundamental changes, the possibility of an economic crisis will be very high. Once they are targeted by international speculative funds,

, it’s likely to cause big trouble.”

"Have you said this to Mr. Guo?" Zheng Yutong asked in a deep voice.

"Grandpa Guo is also concerned about this. However, even if an economic crisis occurs in the future, for Guo's Shipping Group Company, whose business focus is gradually shifting to the mainland market, it will not reach the point of breaking the bones." Fang Mingyuan said.

.

Zheng Yutong knew this. In recent years, although Guo's Shipping Group Company is still rapidly expanding its shipping capacity, the company's business focus is shifting to the mainland. A large number of cargo ships and oil tankers are serving mainland companies.

Although the company's total shipping capacity for transporting goods and raw materials into the Southeast Asian market has not changed significantly, its proportion in the group's total transportation tonnage has been declining year by year.

"Mingyuan, are you saying that once an economic crisis occurs, Southeast Asian countries may face severe economic setbacks, but the mainland market will not be affected?" Zheng Yutong keenly grasped the core of Fang Mingyuan's words.

"Yes. It cannot be said that it will not be affected. After all, Southeast Asian countries are also important trade partners of China. If the economies of these countries suffer a heavy setback, it will definitely have an impact on China's economic development. However, I think that China's economy will

Since it is still in the process of reform and opening up, the domestic financial industry is still in a relatively closed state. Under this situation, the impact of the economic crisis on the mainland is the smallest among these countries. At least, in the mainland, you

There is no need to worry about the possibility of significant depreciation of the local currency." Fang Mingyuan answered Zheng Yutong's question in a positive tone.

Zheng Yutong took a breath. He couldn't believe that the Southeast Asian countries with good development momentum would actually face an economic crisis in a few years; but he couldn't believe that Fang Mingyuan's past glory

The more I know about the military record, the less I dare to underestimate Fang Mingyuan's judgment. The Japanese didn't believe it back then, but the tragic consequences it brought will probably be discussed by the Japanese when they mention this matter in the past few decades.

What a shame!

Moreover, he did not think that Fang Mingyuan had any need to deceive himself. In recent years, Chow Tai Fook Jewelry and Gold Shop has become the leader in the jewelry industry in the Southeast Asian market. It should appropriately slow down its expansion speed and consolidate its existing market share.

It is also a measure that should be taken in the company's operations. And investing in the mainland market is also the direction that Zheng Yutong has been working hard in recent years!

As for the economic chaos in Southeast Asian countries, it is absolutely nonsense to say that Zheng Yutong has no feeling at all! But he is not as sure as Fang Mingyuan, let alone saying that the crisis will break out in the past two years.

"Mingyuan, thank you! Our Zheng family will definitely consider your suggestion carefully!" Zheng Yutong patted Fang Mingyuan's hand and said gratefully.

Fang Mingyuan smiled slightly. He is the kind of character who respects people as much as he respects them. Since the association with the Zheng family, Mr. Zheng Yutong has indeed fulfilled his responsibilities as an elder to him. This time, he is in

Jimin Bank had done him such a big favor, so of course he wanted to reciprocate the favor.

It is now 1996. The Southeast Asian financial crisis that swept through Southeast Asia and shocked the world in 1997 can be said to be about to come. In this financial crisis, Southeast Asian countries have suffered extremely heavy losses.

, not only the currency depreciated significantly, but also generally depreciated by nearly 40%. The highest depreciation was in Indonesia, which depreciated as high as 83%. The exchange rate of Indonesian rupiah to one US dollar dropped from 2,400 to more than 14,000 rupiah.

Exchanged for one U.S. dollar, the wealth accumulated by the Chinese people has shrunk by more than half in just a few months. Moreover, the gross national product of these countries will also decline significantly, not to mention the national income.

.

In the financial crisis sweeping Southeast Asia, Hong Kong naturally cannot be immune. Although with the strong support of the mainland, the stock market and the Hong Kong dollar have withstood the attack of the speculative group headed by Soros, the price paid is also extremely considerable.

In this battle, the Hong Kong government used a large amount of foreign exchange reserves to invest in the stock market, once accounting for 7% of the market value of Hong Kong stocks, and even becoming a major shareholder of some companies. After this blow, Hong Kong's per capita GDP and total GDP recovered 10 years later.

to the level of 1997.

Fang Mingyuan is not worried about the life and death of Southeast Asian countries. This financial turmoil is a great opportunity for him to expand the Fang family's industry, but this does not mean that he can ignore Hong Kong. No matter how Hong Kong people view China, he

Hong Kong people are their own compatriots. Naturally, they do not want Hong Kong to experience this lost decade.

However, to save Hong Kong and prevent Hong Kong's economy from suffering heavy losses in future financial crises, it is undoubtedly unrealistic to rely solely on the Fang family and the Guo family. Therefore, we unite these giants in Hong Kong's business community to join forces to resist the speculative group headed by Soros.

, is the best policy. In recent years, the Zheng family has become closer to the Fang family, so it has naturally become one of Fang Mingyuan's choices. This time, even if Zheng Yutong doesn't come, he will also find time to remind the Zheng family this year.

.

"Grandpa Zheng, if you think what I am saying about this matter is reasonable, then work with Grandpa Guo to convince others that before the crisis breaks out, they must reduce their investment in Southeast Asian countries and reduce their investment as a precaution.

1. The Hong Kong economy and the Southeast Asian economy are like lips and teeth. Once Southeast Asian countries fall into an economic crisis, everyone must be mentally prepared for how Hong Kong will respond!" Fang Mingyuan said solemnly.

"I understand!" Zheng Yutong naturally said it clearly.

Fang Mingyuan didn't say anything more. An old fox in the business world like Zheng Yutong didn't need to say anything about this kind of thing. As long as he clicked through the layer of window paper and made him realize the possible existence of the risk, then what happened next

He will do things even more perfectly than your plan! Fang Mingyuan does not think that he is more capable than Zheng Yutong, who has been proven in the business world, in terms of specific guidance on running a company!

Zheng Yutong and Fang Mingyuan returned to the two women. Zheng Jiayi pouted and said, "Grandpa, why are you so anxious about something that you don't even bother to leave the airport first? You have to talk to him for so long?"

Zheng Yutong laughed loudly and said: "Jiayi, I have kept you and Qiu Xia waiting for a long time. Grandpa will treat you to a big dinner later. I will apologize to you, okay?" When he first arrived in Shanghai, he solved the problem that troubled Zheng.

Jia Yijiu’s problem, Zheng Yutong is in a very good mood now!

"Grandpa!" Zheng Jiayi said angrily, "Why do you always do this? You just have to eat! People have to stay in shape, but you keep tempting people with big meals every now and then!"

"Uncle Zheng, it seems that this trip to the Shanghai stock market will be fruitful. Here, I would like to congratulate you in advance, Uncle Zheng!" Yu Qiuxia saw that Zheng Yutong's face was full of spring breeze, his steps were brisk, and his whole person seemed to be young.

How old are you, you naturally know that the goodwill released by the Zheng family this time must have been generously rewarded by Fang Mingyuan!

"Hahahaha, Qiu Xia, you girl's eyes have been sharp since she was a child! I can't hide anything from you!" Zheng Yutong laughed heartily, "This time, Mingyuan helped my Zheng family.

Very busy!”

"Grandpa Zheng, you are too polite. I just happened to have the opportunity and was lucky enough to have such a batch of goods in hand!" Fang Mingyuan said with a smile.

"No, no, no, this cannot be explained by good luck!" Zheng Yutong waved his hands repeatedly, "This can only show that you have vision and courage! Hey, I am convinced, Qiu Xia, your old man, I

Brother Guo, his ability to recognize people is really unparalleled! I, Zheng Yutong, am willing to be inferior and ashamed of myself!"