65438+1From August 5 to August 28, 1998, a number of giant international financial institutions (mainly American investment funds and banks) headed by Soros joined hands with the government of China and the government of the Hong Kong Special Administrative Region in the foreign exchange market, stock market and futures market. The two sides invested huge sums of money for about two weeks, and the victory of the Hong Kong government came to an end temporarily.
However, the reports on the causes of the Asian financial crisis and the fierce struggle between the Hong Kong government and international speculators in the financial market have increasingly focused people's attention on george soros, whose reputation is growing.
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Major achievements
1960, Soros made the first successful experiment on foreign financial markets. Through investigation, Soros found that due to the rise of Allianz's stock and real estate business, its share price was greatly discounted relative to the asset value, so he suggested that people buy Allianz's stock.
Morgan Guarantee Company and Dreyfus Company bought a large number of shares in Allianz. But others don't believe it. In fact, Soros is right, and the value of Allianz's stock has tripled. Soros gained great fame.
1973, Egypt and Syria invaded Israel on a large scale, and Israel was defeated because of its backward weapons. From this war, Soros believes that American weapons and equipment may also be outdated, and the US Department of Defense may spend huge sums of money to re-equip the army with new weapons.
So Soros Fund began to invest in stocks of companies with large orders from the Ministry of National Defense, and these investments brought huge profits to Soros Fund.
The largest investor in the world, in partnership with "commodity king" jim rogers, established the "Quantum Fund", earning more than 2 billion dollars, and was called "the man who defeated the Bank of England". Soros's personal income reached $680 million, ranking first in the top ten income lists of Wall Street from 65438 to 0992.
Soros, who believes in the investment concept of "the law of the jungle", founded the first eagle fund, the predecessor of quantum fund, from 1968 to 1992, where he made a profit of $2 billion by attacking the pound, 1993 became the top 100 richest people on Wall Street, and 1997 attacked the Thai baht to set off the Asian financial storm.
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