From September 1993 to the end of 1994, almost half of the world was shrouded in a tragic and heroic atmosphere.

Originally, the pound crisis in 1992 and the Southeast Asian financial crisis in 1997 were detonated at the same time. The tragic financial disasters spread throughout the entire financial circulation field, causing terrible and profound changes to the world economy.

The British gave up the Hong Kong dollar choice and did not allow them to successfully save the pound. Facing the joint siege of the entire Europe across the strait, the British financial industry carried out a tenacious siege, and the battle was fierce and continued.

However, the British counterattack was so heroic, but it did not mean that there would be any fluctuations in the war situation.

In fact, perhaps in the next few decades, when humans look back at the global financial crisis in 1993, they will discuss these key figures, events, decisions and other factors continuously, and will assume that if various situations occur or do not occur, they will lead to different trends, or reflect on the lessons worth learning behind the financial crisis.

People can write articles, publish books, make movies, make documentaries, curse, worship, hate, or benevolence or ugliness of this storm, and fiercely defend or praise it...

In September 1993, the financial crisis might have been so intense that the people involved themselves could not realize what they had done and what their evaluations would have in history. However, on the other hand, all this had already been doomed to an end before it happened.

No matter how fierce the British resisted or how miserable the screams were, they could not change the fate they were about to face.

Perhaps the initial attempt was just a small blow to Xiangjiang, and the purpose was to make them recognize their position. However, when stones were thrown into the lake, it was already unknown where the ripples would spread.

Especially this time, Xinke coordinated the action with the Power Semiconductor Alliance. There are indeed many large European companies and consortiums in this alliance, but don’t forget that the semiconductor industry is the most advanced and the most powerful country is always the United States.

If you want to promote the IGBT market, of course, European giants such as Philips, Siemens, and STMicroelectronics, but can you leave Motorola, Texas Instruments, ON Semiconductors and Fairchild? To go further, which of the entire semiconductor industry can leave application materials? Can leave ibm? Can leave atamp;amp;t? Don’t look at the fact that it was dismantled later, but Qualcomm has to pay patent fees to Atamp;amp;t!

The semiconductor industry can’t avoid the United States anyway.

So it was natural that things changed. Greenspan, who was in a hurry in the Middle East, had the idea of ​​harvesting pounds, and Germany, France and Italy naturally wanted to take a ride and beat the dogs in the water. How could the British stand such a lineup be withstood?

Of course, the British resistance was still very fierce.

After Germany, France and Italy jointly raised interest rates, the UK also quickly followed up and raised interest rates twice in a day!

2% at a time, 3% at a time, and 5% at a time, are a record move in the entire financial history. However, even so, even if the British raised tens of billions of funds to acquire pounds and sold their marks, francs and liras as if they were not rich, they were just struggling to death.

To put it bluntly, how pleasant it is for the British to eat overvalued exchange rates in the past two years? Now they have to pay back several times the debt!

To increase the exchange rate again? After the British had no choice but to adjust the exchange rate of 1% for the third time, they soon encountered the problem of insufficient liquidity! Once your interest rate is high, everyone will deposit money in the bank for interest. The reduction in currency on the market will cause insufficient liquidity!

Moreover, the British also encountered the same problems as Hong Kong. After the interest rate increased, the entire stock market and even the real economy were disturbed. It was more difficult to borrow money from British banks, and the interest required to be paid was also higher. Of course, the cost of corporate operations must be increased. In order to offset the cost, layoffs and expenses must be reduced. After the unemployment, workers lose their consumption capacity again...

There are limits to increasing interest rates.

Fortunately, Hong Kong dollars are over faster than pounds, otherwise the British would probably have the idea of ​​the US dollar in the hands of the MAS.

However, when the Hong Kong dollar announced its decoupling from the US dollar, we could not hold on to the previous contact exchange rate system. Now, the Hong Kong dollar and the US dollar can only follow the market and adopt a floating exchange rate system. If you can't afford it, you won't play anymore, and you will lie down and wait to be beaten.

With the release of this signal, the Hong Kong dollar in the entire market immediately plummeted. The Hong Kong dollar mark of 7 did not stop at all. Then it fell from 6 Hong Kong dollars to 5 Hong Kong dollars to around 4.3 Hong Kong dollars against 1 US dollar, and there was a relatively strong support.

The entire Hong Kong dollar's currency value evaporated by nearly half of its value in a short period of time. In the entire Hong Kong River, whether it is Li Bancheng or the homeless man living in cage houses, there is no place in the world.

And where did all this start? With the launch of the special news documentary produced by the Chinese TV station, the Hong Kong government, which wanted to drive away the Xiangjiang Fab, was simply a big shot.

Immediately afterwards, as the mainland achieved breakthroughs in key technologies of lithography machines and the IGBT results began to surface, the historical mission of the Xiangjiang Fabs has obviously ended. Therefore, Xiangjiang Fabs announced that in addition to retaining a R&D and design center in Xiangjiang, the entire Xiangjiang Fabs will be closed one after another.

As for where the Xiangjiang fab will go now?

The new factory construction address is not far away, just near Nanhua Village on the river bank between the two ports of Luohu and Huanggang, and is close to Huaqiangbei...

The new Shentuchuan wafer factory will expand its production capacity by at least twice as much as the Xiangjiang wafer factory. The new production capacity will be mainly 0.18 micron technology, which is more advanced than the Xiangjiang wafer factory's process. Old equipment relocated from the Xiangjiang wafer factory will continue to operate, and in principle, the Xiangjiang people in their original positions will be given priority.

There is only one thing, because this is a mainland enterprise, the salary you pay will be RMB (▔,▔)ㄏ.

Of course, Shentuchuan Fab is a commercially operated private enterprise, so it strictly abides by market rules. Workers' wages are measured by the value of production, and of course workers earn more on the 0.18 micron production line.

As for the fact that after the Hong Kong dollar was announced to be decoupled, Bank of China Xiangjiang announced the launch of RMB exchange, deposit and withdrawal, credit and other businesses, it is even more normal market economy behavior.

You talk about the Hong Kong government?

The Hong Kong government has no energy to manage such things. They are in a hurry to deal with the citizens of Hong Kong walking. In this regard, the Hong Kong and British governments are experienced. Isn’t the word “royal” of the Royal Police obtained by suppressing the riot in 1967?

Of course, the worst is half of the city. Xiangjiang has long been no longer an economic problem, but a problem of taking the team. If you stand in the wrong team, you have to bear the price. Don’t talk about how much pressure the Hong Kong government is, it is your sin to not withstand the pressure.

The little thoughts of the king not seeing him were realized at this time that everyone had never been on the same level.

Against the backdrop of the plunge in Xiangjiang Real Estate, Bancheng Group had to sell its assets in large quantities to repay loans from various banks. As for where these real estate properties ended up, of course, it was impossible to see outside. However, after that, a large amount of land that was not developed due to property rights relations, actually came up with development plans one after another.

Especially in the Yuen Long and Tai Po districts, housing prices have risen slightly against the market due to their proximity to Shentuchuan. After relocating the Xiangjiang Fabs and upstream and downstream related enterprises, some land was actually built into low-rent housing in a similar way to employee dormitories.

The people of Xiangjiang may have lost a lot in this disaster, but at this time they did not know what they had obtained.

After the Hong Kong dollar was decoupled from the US dollar, the exchange rate continued to fluctuate, which led to the fact that the RMB began to enter Hong Kong. Although the Hong Kong government organized several crackdowns, it could not stop the spread of the RMB at all. The reason was very simple. In this financial storm that affected the world, the RMB remained unmoved!

In September, the Hong Kong dollar announced its decoupling from the US dollar, and finally encountered a strong protective force around HKD 4. International hot money was unwilling to give up halfway and fought with the protective funds for two days. Hu Wenhai, who lived in the mainland, appeared in Shentuchuan two days later, and shoveled the first shovel of soil for the Shentuchuan wafer factory.

The next day, the Hong Kong dollar exchange rate rose to 4.5 Hong Kong dollars against 1 US dollar, and international hot money began to leave Hong Kong like a sardine that encountered a great white shark.

International hot money evacuated from Hong Kong quickly found new prey. Soros made a heavy blow to the Thai economy in the gap between fighting with the pound. Thailand, which was still watching the show on Hong Kong, had no idea what was going on, and it was already defeated under Soros' hedging operation.

Unlike the tough battle in Hong Kong, Thailand is like a mango that has turned yellow. After pinching the skin, it becomes sweet and greasy flesh.

In 1993, Thailand's foreign exchange reserves were US$24.4 billion, but its export volume was only US$3 billion, but its foreign debt was as high as US$37 billion. It was simply a castle built with inferior building blocks.

Quantum Fund only mobilized 3 billion US dollars of funds and captured Thailand with the cooperation of international hot money. The tragic scene after the Thai baht exchange rate fell was fully presented to the citizens of Xiangjiang by the financial program of the Chinese TV station. Compared with this, Xiangjiang can be said to be far away from hell.

Are the capital tycoons more warm? No, people in Xiangjiang know that it is because someone shoveled a shovel of soil.

Therefore, happiness is more common. If you have never been beaten, you don’t know what it means to be in a blessing.

After Thailand's fragility was exposed to people all over the world, people soon noticed that there were three other tigers similar to it, including the "Four Asian Tigers".

The three countries of Malaysia, the Philippines and Indonesia were shocked.

Zhou Shuo said

Yes, my small Ai stock is full! (??????)??
Chapter completed!