My 1982

Li Zhongxin is a harmony in the hotel, he is very happy. The two parents are in a good mood. I have to eat and drink with you. I also praise the Form Qingzi and Sanjing Yadi. Li Zhongxin feels that it is a pretty good thing. At least this trip to Hong Kong will not be disappointed due to parents.

None night, the next morning, Li Zhongxin took the seal halfway again to his parents, and he began to wait for the three wells and elegant and Qingzi, Li Zhongxin led their happiness to play a day, put the sunny sub-arrangement It is very satisfied.

After coming back after dinner, Li Zhongxin called the three wells and the small village Hui Xiang to his room, and two of them talked about the purpose of this trip to Hong Kong.

"You said that before the return of Hong Kong in Jiudi, Asia will have a large-scale financial crisis. Why is this?" Sanjing Yazi is fascinating, and it is quite unexpectedly regarded Li Zhongxin.

Three wells in the hearts of the three wells, the financial crisis is the crisis in the financial sector, because the fluidity of financial assets is very strong, and therefore, the financial internationality is very strong. The guided fire of the financial crisis can be financial products, markets and institutions in any country.

The financial crisis is that people will be more pessimistic based on the economic future. The depreciation of the currency value in the entire area has a large depreciation of the total economic volume and the economy, and the economic growth is hit. It is often accompanied by a large number of companies. The phenomenon of closing, the unemployment rate is improved, and the universal economic depression is sometimes accompanied by the turmoil of the social turmoil or the national political level.

Finance is a series of activities with currency and capital as the core of the core, and the main concepts corresponding to it have consumption and production, and the latter is mainly laid around the goods and services.

The so-called financial crisis means that there is a sustainable contradiction with currency, capital-related activities, such as the credit crisis in the bills, and the currency crisis caused by buying and selling.

In terms of the US submissive crisis, its root cause is that the currency credit in the capital market has been infinitely amplified by financial derivatives. The huge gap between monetary credit supplies and payment capabilities in a longer period of time, and finally deviated from reality Product market for limited needs of credit.

When this deviation is prevalent in various fields in the financial market, the subprime crisis is the local finance contradiction, and the evolution of the financial crisis is inevitable.

Three wells, I don't know much for financial implications, but now she and Li Zhongxin have made a super large bank such as Zhongxiao Sanjing. It is natural to understand these things. Her heart is not thinking about making money. It is thought that if the loyalty Sanjing Bank is a situation in which a financial crisis is in the face of such a financial crisis.

"Yazi Auntie, this thing! It is I decided according to my sensitive sense of smell and some things, the specific financial crisis can not explode, when will I break, I have no way to judge, just! I personally think that when Hong Kong is returning to China, it will definitely be an opportunity. I even say an explosive point.

First of all! We came to analyze that Asia at this time is a stage of expansion of high-growth economic high growth and adverse assets.

Maintaining high economic growth is a common desire of developing countries, especially in the Asian region, they all want to develop industries. When the conditions of high-speed growth become insufficient enough, in order to continue the speed, these countries turned to lending foreign debts to maintain economic growth.

However, due to the unusual economic development, now there are many countries that have no repudiation capacity. In Southeast Asian countries, the real estate blown foam is just a bank loan's bad debt and dumb; as in South Korea, because large companies have received funds from banks, it has caused a situation in which corporate status is poor, and bad assets immediately expands. The large amount of adverse assets, but in turn affects the confidence of investors.

Second! I think the Asia-Pacific market system is immature, one is that the government intervenes over excessive resource all, especially loan targeting and projects, and the other is that financial systems, especially the supervision system is imperfect.

When there is no problem, it is a song and dancing, and there is no problem. However, once the wind blows, there is a little bit of problems, and the shortcomings will appear.

Finally, export replacement, export alternative model is an important reason for the success of many countries in Asia. However, this model also has three deficiencies: First, when economic development to a certain stage, production costs will increase, and the export will be suppressed, causing the imbalance between these countries' balance of payments; second, when this export guide strategy When becoming the development strategy of many countries, it will form mutual extrusion between them; the third is the necessary conditions for the product of the product are necessary, and the low-cost advantage of resources cannot be maintained. Asia's countries have not solved the above problems after achieving high-speed growth.

Because of these inner reasons, I personally think that the arrival of the financial crisis is absolutely avoided. "Li Zhongxin analyzed the three wells in the three wells.

In this thing, Li Zhongxin said that these things are basically a macro the inherent reason, but also the most basic or most essential reason for the financial crisis.

Why does Asia have a financial crisis, these things are based, and this crisis is not coming.

The inherent reason is the case, there are many external reasons. At this time, there are many international capitals in the international financial market. Once the international speculators are found in which country or region is profitable, it will immediately impact the currency of the country or region to get profits in the short term.

Improper foreign exchange policies in some countries in Asia. In order to attract foreign capital, keep the fixed exchange rate on the one hand, and expand the financial liberalization and provide the international speculatory machine.

It is like Thailand that has canceled the regulation of the capital market in 1992 in 1992 in 1992, so that the flow of short-term funds is unimpeded, providing a condition for foreign speculators.

In order to maintain a fixed exchange rate system, these countries have used foreign exchange reserves to make up for the deficit, causing increase in foreign debt.

The foreign debt structure of these countries is unreasonable. In the case of medium and short-term debt, once foreign capital flows exceeding foreign capital, the foreign exchange reserves are not enough to make up for it, the currency depreciation of this country is inevitable.

Therefore, whether Li Zhongxin is reborn, the financial crisis will still come.