Feng Yu thought Quantum Fund's next target will be Malaysia. After all, Malaysia is closely related to Thailand and Southeast Asia. But Soros chose the Philippines.
Soros used the same methods to suppress Malaysia's stock market and Forex market, and with Fu Rongqi's help, the Philippines' reserves were depleted very quickly.
SGD fell a little, but it was not a big drop. Many so-called experts said that Soros only has these tricks up his sleeves, and it is impossible for him to sweep across Southeast Asia or even Asia.
But this time, the experts were slapped in their faces!
In less than 10 days, the Philippines' Peso could no longer hold on. The Philippines had used the same strategy as Thai Baht. They had changed to a floating rate system and let the market decide everything.
In the next three days, Peso fell by 30%!
… …
"Nephew Feng, your next target should be Malaysia, right?" Fu Rongqi raised his champagne glass with a smile on his face.
"I think so. Uncle Fu should have made a lot of money this time, right?"
"A little more than I expected, but not as much as you." Although Fu Rongqi does not know how much Feng Yu had invested, based on his calculations, Feng Yu had invested more than him. Fu Rongqi does not know how much Feng Yu had invested.
Fu Rongqi also noticed that when he was shorting Peso, there were many orders to short Peso. Some of them were from Soros, and some were from Feng Yu. Fu Rongqi even suspects that most of the high-leverage orders were from Feng Yu.
From the oil speculation in the Gulf, one can tell that Feng Yu is the type of person who will be bold when he is certain something will happen.
Although Feng Yu had also hedged against the Philippines, he had not hedged against the Philippines.
Feng Yu is different from them. He did not place any more orders after the auction. That means Feng Yu's selling prices are much higher than them, and his profits are much higher.
Fu Rongqi does not know that Feng Yu had used his hidden funds to buy a large amount of these Forex futures contracts. Feng Yu had made more than he expected!
Fu Guangzheng kept smiling and did not say a word. His shares in China had also taken loans with Feng Yu, and Feng Yu was the one who invested in the company. As for Hong Kong, Fu Rongqi was the same as the rest of the Fu Family.
That means Fu Guangzheng is making money on both sides, and his profits are higher than the rest of the Fu Family.
Most importantly, Professor Liang's impression of Fu Guangzheng had improved, and Liang Yin is no longer rude to him. Fu Guangzheng felt he can win Liang Yin's heart. Regardless of whether it was his father or his uncle, they were all very supportive of this.
The Fu Family does not need to marry those businessmen or politicians. In Hong Kong, the Fu Family is one of the top families in China. The Fu Family is one of the top families in Hong Kong, and Hua Xia and Asia.
The Fu Family is one of the top families in Hong Kong, and many students respect him. Although Professor Liang's net worth is not more than 100 million RMB, his name is worth a fortune.
Furthermore, the Fu Family felt Liang Yin is not bad. She is not arrogant like many women from influential families and is pretty. She is a good match for Fu Guangzheng.
Most importantly, Fu Guangzheng had made a lot of changes because of Liang Yin, and the Fu Family is satisfied.
"Brother Guangzheng, how is your Guangzheng Fund doing? It should be profitable, right?" Fu Guangwei asked enviously.
Why didn't Fu Guangwei think of this? He can raise funds to invest and guarantee the investors a 10% annual return. He can still get high commissions.
But he heard that Wind & Rain Consulting's commission is higher than Wind & Rain Consulting, but the investors are more willing to invest in Wind & Rain Consulting!
Fu Guangzheng laughed. "It's all Professor Liang's doing. He had to focus on protecting the Hong Kong market, and the profits are not high."
The profits are not high, but they are still making money, and they are using other people's money to make money.
"Nephew Feng, how much do you think Pesos will drop?" Fu Rongqi asked.
"Around 35% to 40%. Maybe it will exceed 40%, but it is not possible this year."
Feng Yu and the rest's Forex forward contracts will be settled by the end of October. Most of them will be settled by the end of October this year.
Based on Feng Yu's previous life, Soros will launch his first attack on Hong Kong in October. That's why Feng Yu needs to withdraw his funds from Hong Kong in October.
Although the profits might be lesser, after the contracts are settled, Soros can still short sell them again. Once Soros is arrogant enough to think he can attack the whole of East Asia, that will be the time to give him a fatal blow!
Feng Yu's prediction is about the same as Fu Rongqi's team. Fu Rongqi also felt 35% should not be a problem. It was already 30% yesterday, and although it had dropped a little today, Fu Rongqi believes it will reach 35% within a week.
Due to the drop in Pesos, SGD prices dropped a little more. Although it is not a big drop, it is enough to shock many people.
… …
The next day, Soros called Feng Yu to inform Feng Yu that he will attack Singapore Ringgit tomorrow. Everyone's tasks are the same. Feng Yu will suppress the stock market, and Soros will bring his men to suppress the Forex market.
No matter which market falls, there will be a chain reaction, and everyone will make money together.
Feng Yu immediately informed Fu Rongqi to get ready to settle some of his Pesos or Thai Baht contracts to attack Singapore.
Singapore had also used a series of defensive measures, but Soros and his men had seen through them. There is no resistance, and they are not even as strong as Thailand.
Of course, this is also due to the drop in Philippine Pesos. These countries' economies are affected by Soros.
Also, they have fewer allies, and the help they can get is lesser. On the other hand, they have to face more funds to attack Singapore, and they are under more pressure.
"Feng, why is Ringgit not plummeting? How many days has it been?" Kirilenko asked.
Feng Yu rolled his eyes at Kirilenko. You want a country's currency to plummet within a few days? How can it be so easy? Although the amount of funds this time is higher, and everyone is more familiar with each other, it is still not something that can be settled within a few days.
"Let's wait for a few more days. Malaysia's foreign reserves should be used up." Feng Yu replied calmly.
Kirilenko's face immediately turned into a smile. "I knew it. You will be able to settle it soon. Where will we attack next? Taiwan or Indonesia? "
"I am leaning towards Taiwan, but Soros is leaning towards Indonesia. That's why we should choose Indonesia."
"Whatever. As long as we can make money." Kirilenko replied.
"Brother Ki, do you remember what I told you? If Soros and his men win in Asia, they will surely attack Russia. Do you still remember the choice I told you?"
… …
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