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Chen Kangjie's going to Hong Kong does not mean that he wants to stay in Hong Kong to direct and deal with this blockade battle, it is not a matter of one day or two, it will last for a month, and it is impossible for Chen Kangjie to stay in Hong Kong for a whole month.

He went to Hong Kong, on the one hand, to feel the atmosphere in person, and more importantly, he wanted to unite a group of local entrepreneurs who are really in front of the charge to gather more strength.

Commanding the base camp, Chen Kangjie still has to be arranged in Zhucheng, and his office in the New World Center is the command center.

In order to ensure smooth command and security, on the basis of the original external communication methods, COY Company, Huawei Software Company, and personnel of the Intelligence Bureau of the General Staff under the brand of a network security company are working together to install 10 computers for Chen Kangjie and set up communication lines linking high-level departments.

After arriving in Hong Kong by special plane, Chen Kangjie went directly to Sun Jicai's old villa in Wu Uk Village, Yuen Long, and no one came to pick him up, Sun Jicai sold the old house in order to raise 7oo Hong Kong dollars, and was secretly bought by Ouyang Zhenhua at a low price.

Chen Kangjie is going to meet Han Geng, Ouyang Zhenhua and Di Qiuren from Japan, a place that is very remote in Hong Kong and will not attract attention.

At the door of the courtyard of the villa, Ouyang Zhenhua led the two of them to wait there.

After Di Qiuren helped open the car door from the outside, Chen Kangjie stepped down from the car, and before the formal conversation, it was inevitable that there would be a warm greeting, Chen Kangjie and Ouyang Zhenhua could often meet, but it was not common to meet with Han Geng and Di Qiuren.

As soon as he entered the door, Chen Kangjie saw a beautiful copper hot pot with a chimney on the round table in the hall, with a charcoal fire burning underneath, and a sumptuous side dish and seasonings around it, including shrimp slices, abalone, sheep's trotters, foie gras, frosted beef, oysters, geoduck, tender lamb slices and several kinds of wild vegetables, which can be said to be a combination of Hong Kong-style hot pot and northern flavors.

"Brother Ouyang, you are making me miss that Sun Jicai, and you actually made a hot pot waiting for me", Chen Kangjie unceremoniously sat down on the main seat, and said covetously looking at the delicious food on the table.

"That Sun Jicai doesn't know where he went now, mainly because the two of them haven't eaten hot pot for a long time, and they know that you will be hungry when you get off the plane, so make a table and just chat while eating", Ouyang Zhenhua pointed to Han Geng and Di Qiuren and sat down.

"Sit, sit down, there's nothing to be forbidden, let's just eat first, I'm really a little hungry", Chen Kangjie stretched out his hand and pressed Han Geng and Di Qiuren, and then lifted his chopsticks and took the lead.

Although Chen Kangjie said not to be informal, but the seating is still regular, Ouyang Zhenhua sits on Chen Kangjie's left hand, our traditional culture has always emphasized the respect of the left hand, Han Geng sits on his right hand, only Di Qiuren is below, and Chen Kangjie is face to face.

At this meeting, Liu Deyi did not come with him, he went to Feiyang Entertainment Company to deal with things, and the other bodyguards were scattered outdoors, only Xiong Ziqiang guarded the door.

It was the first time that Di Qiuren had met with Chen Kangjie on such an occasion, and he came this time mainly to report on the situation, and at the same time to suggest that Chen Kangjie could allow them to take some measures in the Japanese market and the South Korean market.

After Xili snorted and ate for half an hour, Chen Kangjie's forehead began to sweat, the other three were better than Ouyang Zhenhua, and Han Geng was soaking wet sideburns, although there were only four people, and the room space was large enough, but it was still summer in Hong Kong at this time, even if everyone only wore shirts and opened doors and windows for ventilation, it was not very useful, and the power of hot pot was still very great.

"Lao Di, let's introduce, how is the situation in Japan. Chen Kangjie put down his chopsticks, wiped his forehead with the prepared wet towel, took a sip of tea, and asked Di Qiuren after he was comfortable.

"Affected by the external influence, the Japanese market is also a little unstable, the foreign exchange market and the stock market have been experiencing different fluctuations recently, they have been affected by our blows and other factors in the past three years, in order to prevent deflation, the Bank of Japan has pursued a low interest rate policy, which is tantamount to a godsend for those who want to participate in the foreign exchange arbitrage trade, since the end of 1994, the interest rate difference between the US federal funds rate and the Bank of Japan's target rate is about 5%, and at that time the Japanese yen overseas loans to Southeast Asia were roughly estimated to be 2.6 billion US dollars, which means, The average spread income of the yen foreign exchange arbitrage trade is about 1.3 billion US dollars per year, which is 3.9 billion US dollars in three years, and in the same period, the yen has depreciated by nearly half against the US dollar, so that the average exchange income of 2.6 billion US dollars of overseas loans is 1.3 billion US dollars, and it is conservatively estimated that investors in the yen arbitrage trade have obtained 16.9 billion US dollars in three years "pie falling from the sky", Di Qiuren put down his chopsticks and touched his lips and said.

"What you mean is that the Asian financial crisis and Japan are closely linked. Chen Kangjie raised his eyebrows and asked calmly.

"Yes, due to the large inflow of yen capital into Southeast Asian countries, emerging markets have the fatal danger of "double mismatch" (doub1emi**atch), one is the mismatch of "short-term borrowing, long-term investment" in the Southeast Asian market, and the other is "lending foreign exchange (US dollars or yen) to invest in domestic currencies" The internal reason for the Asian financial crisis is that Southeast Asian countries do not have good national risk management, and Japanese banks withdraw loans from this region for their own reasons, leading to the outflow of most of Southeast Asia's capital, but it is the fuse of the Asian financial crisis", Di Qiuren nodded affirmatively and explained.

Chen Kangjie knew that the financial crisis would happen, and he also knew the process and result of the birth, but for the reason, Chen Kangjie really didn't study it seriously before, and now after Di Qiuren, who has a doctorate background in economics, explained, Chen Kangjie is not only interested, but also a little enlightened.

"You go on," Chen Kangjie encouraged Di Qiuren.

"Japan's banking sector was in trouble with huge non-performing loans in the country, and the problem began to emerge in March 1995, when two credit unions in Tokyo exposed more than $1 billion in bad debts, most of which were loans to real estate companies, and these very fragile regional banks and credit cooperatives were connected to the "main banking system" and the large "main banks" In parallel, when the small banks went bankrupt, the big banks also began to suffer, and the decline of the Japanese economy and the yen exchange rate from 1996 to 1997 had a huge negative impact on the entire banking system," Di Qiuren was encouraged, and continued after glancing at Han Geng.

"Japan's real estate has always been suppressed by us, and we are the culprit," Han added.

Chen Kangjie pondered for a while, and said slowly, "5o% of the capital of the Japanese banking industry is Tier 2 capital, which mainly includes the unrealized value of the stock portfolio, so they have to bear two opposing pressures. The fact that foreign investors withdrew their capital as a result of a weaker yen and saw their stock prices fall between 1996 and 1997, and the weak yen, which increased the value of dollar loans, both weakened the ability of Japanese banks to achieve a capital adequacy ratio of 8 per cent, and the only way to meet the capital adequacy requirement was to reduce foreign loans."

Although he has been with Chen Kangjie for a long time, he took them to make a lot of money many years ago, but Di Qiuren still admires Chen Kangjie's ability to say the crux of the problem all of a sudden after mentioning the point, and he can say that, which is completely deserved, because he is based in Japan, and his job is to study that Japan's economy is a financial market, so as to provide opportunities that can be cracked, and Chen Kangjie will only go to Japan once for a long time, so it is even more valuable.

Staring at Chen Kangjie with a reverent gaze, Di Qiuren took over Chen Kangjie's words, "According to our assessment, if the yen remains at the level of 14o to 1 against the dollar, If the stock market remains at 15ooo points, then Japanese banks need to reduce loans by 5.6 trillion yen, which is equivalent to 11% of Japan's GDP, and if domestic loans are not cut, only large reductions in loans abroad, although there are no detailed figures, but we speculate that since January last year, Japan has reduced loans by at least 100 billion US dollars from Southeast Asia, and it is the withdrawal of loans by Japanese banks that has created a sharp credit crunch in Southeast Asia."

"Okay, I see, your idea is that we should take the 100 billion dollars that Japan has taken from Southeast Asia, right? Chen Kangjie said shrewdly.

"Yes, that's what it means, if we can do something in Japan, Japan will also withdraw a large number of funds from Southeast Asia, at least they can withdraw a total of 2.5 billion funds from Southeast Asia, this is the era of big fish eating small fish, small fish eating shrimp, if Japan increases its investment, Southeast Asian countries will be worse", Di Qiuren said firmly.

Chen Kangjie pondered again, Di Qiuren may have seen all the economic part, and Chen Kangjie took into account the content of politics.

The international community will definitely come to the rescue of the sweeping financial crisis in Southeast Asia, otherwise it will spread, and at least the International Monetary Fund will definitely show something; against this background, if Japan does the opposite and withdraws its investment, then it will certainly make political enemies with Southeast Asian countries, which is tantamount to taking advantage of the danger of others.

If China enters the country at the right time and provides some assistance to those countries, it will not only be able to stabilize its neighborhood, strengthen good-neighborly and friendly relations, but also gain access to a good market and resources, which will be extremely beneficial to the future settlement of territorial disputes in the South China Sea.