The attack on the Thai baht by international speculators was discovered in February, and the Bank of Thailand took hold of that wave. There was another shock in March. The Bank of Thailand used US$2 billion in foreign exchange reserves to intervene and once again held it back.

In these two waves of attacks, Soros lost about 300 million U.S. dollars. Of course, some people said that he lost 1 billion U.S. dollars.

Song Weiyang’s Taurus Capital was still manipulating Lenovo’s stock price in Hong Kong at that time, and successfully avoided the investment risk in March. At about the end of March, Taurus Capital converted all Hong Kong dollars into U.S. dollars, began lending Thai baht to the Bank of Thailand, and at the same time made a large number of short-term Thai baht orders.

The next step is to follow Soros to a tailwind.

This time is just right. It takes a lot of money to enter the market before the end of March, and the opportunity to enter the market in May is lost. Because in May, the Bank of Thailand raised the lending rate by 1,000%. If you want to borrow the Thai baht, you will have to pay for it. At the end of May, domestic financial institutions were simply banned from lending Thai baht, which made many speculators who were late in their hands look excited and sigh.

In order to share the risk, Taurus Capital also put out some money while short-selling Thailand's stock index futures. This is also the main way for speculators who subsequently entered the market to follow suit and make money in Thailand.

Song Weiyang's investment was not much, only less than 25 million U.S. dollars, and finally became more than 61 million U.S. dollars.

Not earning much, Taurus Capital's trader is still very cautious, Song Weiyang, the traverser, didn't help much either—who remembers the details. This investment and profit were just a very inconspicuous little role in that crazy sniper battle. But it was countless such small characters who helped Soros defeat the Bank of Thailand.

Ants can kill elephants, not to mention Thailand is not an elephant, at most it is a donkey.

The donkey has fallen, but it is just the beginning, and there are countless vultures hovering, waiting to eat a carrion feast.

In Thailand, bank runs, stock markets plummeted, factories closed down, and land deeds that were unable to repay loans were equivalent to white paper. The financial giants on Wall Street greedily grab all kinds of debt assets and buy stocks, land, hotels, buildings, and enterprises at low prices. The economic results of the Thai people for 20 years have been eaten up by these financial vultures.

It is also the Thais who do it by themselves, they are too gambling.

With such a big somersault, Thailand still hasn't learned its lesson, and it seems like a broken jar. Until more than ten years later, the deposit lending rate of Thai banks reached 96%, and the Bank of Thailand did not have a margin system. Once a run occurs, the entire Thai financial system will be paralyzed.

If such a country that remembers food or not, if it is not too poor, it is estimated that Soros will have to harvest a wave in the 21st century.

...

The school is closed. On the way to the airport, Song Weiyang called Chen Tao and said, "You must gather the staff and plan to go to Thailand to buy the naming rights for "Zhengda Variety Show."

"How can CP Group change the naming rights for such a famous show as "Zhengda Variety Show"?" Chen Tao has no confidence in this.

Song Weiyang laughed and said, "CP Group is already selling supermarkets. As long as they can afford it, they will definitely sell."

Chia Tai Group sold the Lotus supermarket chain, sold it to the British, and changed its name to "Tesco Lotus." Later, the "Cp Lotus" that is often seen in China, and the international "Tesco Lotus" belonged to sister companies, born of a compatriot, but the sister was sold by her mother.

"Then I will try." Chen Tao said.

Song Weiyang said: "Find a good interpreter and go to Thailand after the Taurus meeting."

"Understand, there is anything else to order, and I'll talk about it when I arrive at the Jinniu Hotel. I'll hang up first, there's still something to do here." Chen Tao quickly ended the call.

Song Weiyang called Zhu Jialiang, the trustee manager of Taurus Capital, and He Guoming, the trader, and asked them to move to the Philippines, Singapore and Malaysia, and finally Indonesia. Although Song Weiyang did not remember the specific process, he knew that Indonesia was the latest to be injured and also the one who died the worst.

Including Taurus Capital, all international speculators profiting in Thailand are crazy, and new institutions are constantly joining in the middle, freely attacking other countries in Southeast Asia.

Malaysia just insisted on surrendering only half a month, just like a paper, and was ravaged by international capital on the ground.

As for Hong Kong City, it was attacked in late October, and it lasted almost a year.

During this year, Hong Kong City was used as a cash machine by international speculators, and it continued to attack many times, each time it was able to bite off a few pieces of meat. If Song Weiyang is making money with ignorance of his conscience, he can also eat a lot of soup, and then bite Soros back when the government takes action, so as to maximize the benefits.

Of course, that is impossible. Song Weiyang is not short of money, even if he is short of money, he does not bother to drink the blood of his compatriots.

Soros guessed that he was inflated home, and even underestimated the determination of China and the Hong Kong government, thinking that China is as easy to bully as Britain and Thailand.

In the month before the decisive battle, the Hong Kong government's foreign exchange reserves were 96.5 billion U.S. dollars, ranking third in the world. Mainland China is about 140 billion U.S. dollars, ranking second in the world. The world's second- and third-ranked economies in foreign exchange reserves join forces, so Soros wins?

The Hong Kong government even used land funds to enter the stock market just to stabilize the Hang Seng Index.

At the same time, I would also like to thank the Chinese anti-Japanese martyrs. August 15, 1998 was the anniversary of the victory of the War of Resistance against Japan. It coincided with Saturday, so the Hong Kong government arranged the closing date for Monday. That day coincided with the global stock market plummeting, and the Hong Kong city was closed just to avoid the shock wave. When the market opened the next day, the global stock market was picking up again. It was a thrilling stimulus, all thanks to the blessing of our ancestors.

Seeing Song Weiyang hung up, Lin Zhuoyun asked, "Your Taurus Club party, can I go to it?"

Song Weiyang apologized and said, "Generally, those who don't bring family members."

"Oh, forget it." Lin Zhuoyun was just a little jealous, she knew Chen Tao would definitely go.

Song Weiyang comforted: "When I get to Rongcheng, I will stay with you for a few more days."

Suddenly Xiao Doudou leaned behind the car window and pointed to the distant sky and said, "The plane is so big!"

A plane just took off from the airport, Xiao Doudou was quite excited, it seemed that it was the first time I saw a low-flying plane.

Lin Zhuoyun and Doudou both went home to visit their elders during vacation, but Lin Wanzi couldn't walk away and was busy opening a branch of Time Cafe.

The taxi driver kept looking at the three people in the rearview mirror. He didn't recognize Song Weiyang, and he didn't know whether Song Weiyang was talking big. Almost arriving at the airport, the driver finally couldn't help asking: "This boss wants to buy "Zhengda Variety Show"?"

Song Weiyang laughed and said, "It's not buying "Zhengda Variety Show", it's buying the naming rights for this show."

"It's all the same, a lot of money, right?" the driver asked.

"Not much~lightnovelpub.net~ Song Weiyang said.

The driver curiously asked: "What kind of business does the boss do? I heard you call just now. It's Thailand, the Philippines, Singapore, and Malaysia. The business has been done abroad."

"Soros, do you know?" Song Weiyang said.

"I know, I talk about this person every day on the radio, and it seems to have made tens of billions." The driver said.

Song Weiyang said: "My business abroad is the same as Soros."

The driver suddenly laughed: "You are so bragging, I almost believed it."

Song Weiyang asked: "Why do you think I'm bragging?"

The driver said: "If you are traveling with Soros, come and take my taxi? It must be a private car to the airport."

"Well, master, you are really wise." Song Weiyang also laughed.