Hollywood starts with an agent

Chapter 450 Stockpiling Ammunition
Driven by the "return to China" movement in 97, Hong Kong's property market became increasingly out of control!

Aaron's real estate in Hong Kong has nearly doubled in value since he bought it.

"Is the Hong Kong property bubble really that serious?"

On the sofa in the living room, Aaron flipped through the newspaper in his hand. The real estate industry accounted for too large a proportion of Hong Kong's economy.

Especially in the fourth quarter of last year, Hong Kong's banking sector relaxed its review standards for housing mortgage loans, which continued to drive a large amount of speculative capital into the real estate market.

With the handover imminent, Hong Kong's real estate market has become increasingly frenzied, causing already high property prices to surge once again!

“Aaron,” Wang Zhuxian came out of the room.

"What's up?"

"I have something to tell you," Wang Zhuxian sat on Aaron's lap, "Media Asia Investment's new Stephen Chow film 'The God of Cookery,' which is currently showing in theaters, is doing very well!"

“I know. I heard that the box office in Hong Kong has exceeded HK$3500 million, and it is likely to break HK$4000 million when it leaves theaters.”

The God of Cookery was released before Christmas last year, and it's been almost a month now!
As he spoke, Aaron smiled and kissed Wang Zhuxian on the cheek. "Huanya has made quite a bit of money from its investments over the past two years."

The "Young and Dangerous" series had three films released last year, and they were all profitable!
"Last year, the crew of 'The God of Cookery' was invited to participate in the Venice International Film Festival as a film for screening."

"I know, you said that."

"Yes, after its screening in Venice, 20th Century Fox in Hollywood took notice and became very interested in director Stephen Chow."

"They want to invite Stephen Chow to Hollywood to direct the American version of 'The God of Cookery'!"

Aaron narrowed his eyes. "20th Century Fox wants to make an American version of 'The God of Cookery.' Interesting."

"Is Hollywood now poaching directors from Hong Kong?"

John Woo, needless to say, has already made three films in Hollywood, and Tsui Hark's directorial debut, "The King of Fighters," is also about to be released!

"Not only directors, but also many actors. Last year, Jack Cheng's 'Rush Hour' became a global hit, which inspired many Hong Kong actors."

Aaron nodded. He knew some of these things. Jack Cheng had already succeeded, Jett Lee wanted to go too, and Chow Yun-fat had already gone to the United States.

With the Chinese New Year approaching, Hong Kong is bustling with activity!
In early February, Edgar Irving arrived in Hong Kong to join Aaron.

"We borrowed 100 billion baht, which, at the current exchange rate, is approximately 4 million US dollars."

"In addition, the $20 billion cash loan from Wall Street banks is being processed and should be completed by next month at the latest!"

At the Kowloon Shangri-La Hotel, Edgar Irwin reports to Aaron.

Aaron nodded and smiled, "Thailand is an undefended gold mine; the four Southeast Asian tigers are all easy prey."

"Keep an eye on the Quantum Fund; they'll make a move soon. Just follow their lead. This is just a probe."

"After that, once the remaining funds are in place, we'll begin stockpiling ammunition!"

Edgar Irwin thought for a moment and then reminded him, "The economies of several Southeast Asian countries are not small either. Do we really want to commit everything?"

Aaron glanced at the other person and said, "What's there to worry about in those Southeast Asian countries? It's not difficult for international speculative capital to bring them down."

As he spoke, Aaron looked at Edgar Irving, "My target is Southeast Asia, then South Korea;"

"Other international capital will definitely turn their attention to Hong Kong, using its return to China as an opportunity to cause trouble;" "Although Hong Kong's size is not as large as some Southeast Asian countries, its international financial status is very high, and the guys at Quantum Fund won't give it up;"

"At that time, we won't participate; all the funds should be directed towards South Korea!"

“Understood,” Edgar Irwin replied, naturally having no objections.

Aaron's goal this time is to take advantage of South Korea's financial crisis, seize a large piece of South Korea's wealth, and gain control of South Korean conglomerates. This is his chance!
At the same time, the IMF (International Monetary Fund) has also warned that two years after the Mexican financial crisis, a record amount of hot money is flowing into emerging Asian markets, and irrational sentiment is spreading in these markets…

Soon, international speculative capital, represented by the Quantum Fund, began to short the Thai baht in large quantities, borrowing baht and selling it!
Within a week, the Thai baht fell to its lowest level in 10 years, at 26.18 baht to the US dollar.

The Bank of Thailand immediately retaliated by buying large amounts of baht in the foreign exchange market and raising short-term interest rates, which significantly increased the cost of capital for speculative capital!

"Okay, how many baht did we sell?"

In Causeway Bay, at Yang Gongru's high-rise luxury apartment, Aaron calls Edgar Irving.

"About 50 billion."

"Well, let's stop here. The Bank of Thailand still has some foreign exchange reserves; we need to stockpile ammunition in the coming days."

"I believe the real battle will begin soon!"

The Bank of Thailand intervened, and the Thai baht exchange rate has been temporarily stabilized. Aaron was just following along and cheering. 50 billion baht is about right.

However, the Thai government has also depleted a large amount of its foreign exchange reserves this time. Next time, there won't be such an obstacle!

After hanging up the phone, Aaron glanced at the bustling Causeway Bay night view, seemingly quite calm.

“Tonight is Lunar New Year’s Eve, the most important night for Chinese people,” Yang Gongru said as she approached Aaron.

"I know, it's the Spring Festival now, so I stayed here specifically to experience it!"

Aaron patted the woman on the shoulder. "Let's go out and celebrate."

"Last year, you filmed four TV series and one movie. That's really impressive."

Yang Gongru smiled and said, "The TV station is giving me more resources while my Miss Asia reputation is still going strong."

In fact, Hong Kong's film and television industry is extremely developed, and the filming speed of movies and television has always been very fast!

"There's no need to work so hard. Hong Kong's film and television industry is in severe decline, and the market is shrinking."

"Just treat acting as a hobby."

Soon, the two arrived at a nearby bar to relax!
Because it was New Year's Eve, the atmosphere in the bar was high, filled with the scent of alcohol and hormones. Aaron held Yang Gongru in his arms as they sat on the sofa, kissing passionately.

"Aaron, Media Asia Films wants me to act in a movie."

Yang Gongru put her arms around Aaron's neck and spoke affectionately.

"Then let's go," Aaron smiled and rubbed the girl's body. Anyway, Wang Zhuxian knew Yang Gongru and probably wanted to promote this newcomer.

Yang Gongru kissed the man, "Okay, I understand..."

(End of this chapter)