Tiger Fund's global macro-investment strategy for most of the 1990s is to short Japanese stock market and Japanese yen, and short Southeast Asian stock market and its currency.

Hong Kong is the last link.

The latest round of Asian financial turmoil, which started from 1997, has long been a thing of the past, but it has never really gone. Hong Kong's linked exchange rate system (which requires US$ 65,438 +0 foreign exchange guarantee for each issue of HK$ 7.8) was in a state of turmoil in 65,438+0998, and finally it was broken through with the efforts of the Hong Kong SAR Government. However, three years later, Argentina, one of the few countries in the world that still implemented the linked exchange rate system, finally announced that it would abandon the currency board system (a linked exchange rate system) at a time of internal and external troubles, which made people rethink the high cost of the linked exchange rate system of the Hong Kong dollar in the changed global financial system.