Chapter 227 Offensive baht (1)

  On May 11th, the day when Zhong Shi and Zhong Yi planned to list Huade Real Estate, American capital began their long-planned offensive plan.

   "Zhong Sheng, come and see, there has been a major fluctuation in the Thai baht." In the Hong Kong office of Tianyu Fund, Zhong Shi was sleeping soundly, when suddenly a voice rang in his ear, waking him up from his sleep.

   "..." Zhong Shi, who suddenly woke up, turned over from the sofa, looked at the excited Andrew, and couldn't help but feel a little annoyed, and said angrily, "Didn't you already know it? Why are you making such a fuss?"

Andrew rubbed his hands, and felt a little embarrassed about disturbing Zhong Shi's rest, so he could only apologize and said with a smile: "It's one thing to hear about it, but it's another thing to see it with your own eyes. Now that I finally saw it, I can finally put my mind down gone."

   While he was speaking, Zhong Shi yawned a lot, obviously not fully awake yet. However, after hearing Andrew's words, Zhong Shi couldn't help laughing and said: "Hasn't the Thai baht been fluctuating within the marginal range allowed by the BOT recently? Moreover, the short positions in several major international currency markets have increased by coincidence. Didn't make you sure?"

"I'm still worried!" Andrew shook his head, with a wry smile on his face, "I've lived here for several years, and I have a little understanding of the political environment in these countries. It's completely different from Europe. Hedge funds can attack the currency systems of these countries, of course I believe. But…”

   "What?" Seeing that he hesitated to speak, Zhong Shi couldn't help being curious, "Don't you sympathize with what happened to these countries?"

  I saw Andrew nodded heavily.

  Zhong Shi was speechless for a while, stood up and walked towards the bathroom, left the sentence "You still don't know much about the political situation in these countries!" and went into the bathroom.

  Although Thailand has had a constitutional democracy since 1932, the military government has long controlled the government of this country. That is to say, the power of this country is not in the hands of the people. In this country, coups are commonplace, and the longest elected government has only sat for five years. Corruption and fraud are prevalent, and local traditional forces are stubborn, which are the characteristics of this country.

  Not to mention other countries, Indonesia is controlled by the Suharto family, and Singapore is controlled by the Lee family. As for the Philippines, although it claims to be the most democratic country in Asia, it is actually a nameless country. There are frequent scandals of corrupt officials and social turmoil. Although it has made some achievements in economic development, it is far from covering up related problems.

   What can promote the development of these countries will not be internal forces in the short term, because the people of these countries are still immersed in the era of the four Asian tigers, and they are complacent about rapid development. But once this illusion is exposed, reforms within these countries will be promoted. These reforms include the breaking of vested interests, changes in the political system, and economic reforms.

  Although this may be suspected of interfering in the internal affairs of other countries, in the long run, only the promotion of this kind of external force can enable these countries to better establish a social system that benefits more people.

   Therefore, Zhongshi takes a very welcome attitude towards the coming currency crisis. Although this kind of currency crisis will eventually evolve into a financial crisis, which will severely hit the livelihood of millions of people, since reform is required, how can it be painless?

  Passing out the liquid that had been held in his body for a long time, Zhong Shi let out a long breath, feeling a burst of relief all over his body. Just as he was about to open the small door of the compartment to go out, he suddenly heard a suppressed groan from the next door.

   "Huh?" Zhong Shi couldn't help but stopped, and listened carefully while holding his breath. The surrounding was very quiet, only the slight sound of running water. Zhong Shi shook his head, thinking that he had an auditory hallucination just now, he washed his hands immediately, and was about to walk out of the bathroom, when suddenly there was another deep panting sound from behind him.

   This time Zhong Shi heard very clearly. It wasn't that he had hallucinations, but that someone was indeed in the bathroom, but he didn't know why it made such a strange sound. Zhong Shi suddenly became curious. He first walked out of the bathroom heavily, and then walked back gently when he reached the door. He stood in the center of the room and listened intently.

   "Going away?" A female voice suddenly sounded.

   "Let's go!" A deep male voice replied softly, "At this time, few people come in, shall we continue?"

   Immediately after that, there was a crackling sound, mixed with the woman's low moan and the man's heavy breathing. Zhong Shi didn't understand when he heard this. He said unlucky to himself, and was about to leave. At this moment, the woman inside couldn't bear it anymore, and urged loudly: "Hurry up, hurry up..." It seemed that it was a critical moment.

   Zhong Shi outside frowned, stomped heavily, and then walked out quickly.

It didn't matter that he stomped his feet, it scared the man and woman who were in a state of ecstasy half to death, they stopped their movements quickly, pricked up their ears, and listened carefully to the movement outside until they were sure that there was no one else outside. , Only then did they glance at each other, and they were not in the mood to continue with the unfinished business just now. After tidying up their clothes in a hurry, they walked out.

   Regarding the behavior of messing around in the bathroom, Zhong Shi has not seen it before. In fact, on Wall Street, he had seen co-workers bring blondes into the break room many times, not to mention smoking marijuana. It's just that he didn't expect that this kind of atmosphere would appear in his company at some point.

   "Who is he?" Although he was standing far away from Andrew, Zhong Shi couldn't help asking Andrew after seeing the man coming out of the bathroom and looking around thoughtlessly.

   "Him?" Andrew followed Zhong Shi's gaze and found that he was a researcher of the Hong Kong Foundation. The scale of Tianyu Fund is not large, so Andrew knows all the employees. He also saw a man and a woman coming out of the bathroom one after another, so he naturally knew what they were doing in there, but it was not the first time he had seen this phenomenon, and he didn't bother to take care of it, so he said lightly: "One of the people in Hong Kong A researcher, his grades in the first half of the year were good, and he is an ace analyst."

   Originally wanting to rectify the atmosphere, Zhong Shi was stunned, and then said sullenly: "Leave him alone. Get a separate bathroom in my office as soon as possible, I don't want to encounter such a thing again."

  Since the other party is still useful to the company, he naturally wouldn't blame him for such a trivial matter. In fact, in the entire financial field, as long as an employee is valuable, no one will be held accountable even if he does something excessive. Even if it is insider trading that violates supervision, the management will turn a blind eye. With one eye, it is completely regarded as not seeing. Of course, they will not participate.

   Zhong Shi, who is well versed in this way, naturally considered the problem in the same way, so he just asked an unhappy question and put the matter aside.

   "It's below 26 baht to 1!" When Zhong Shi and Andrew rushed to the trading department, they heard a loud noise, and the traders shouted the number 26 in surprise.

  What they are talking about is the real-time exchange rate quotation of the Thai baht in the London money market, because the largest spot foreign exchange market has closed trading, so the real-time quotation can only look at the currency markets in places such as London and New York that are still in trading hours. Although there were some Thai baht transactions between commercial banks during this period, these quotations cannot be compared with the futures contracts in the money market, so most traders are based on the real-time futures quotations.

The exchange rate between the Thai baht and the U.S. dollar is maintained at 25 baht to 1 U.S. dollar all year round. Although the BOT stipulates a floating range, this range is 4% of the upper and lower ranges, that is, the range of 26 to 24 baht to one U.S. dollar is acceptable. Now due to the violent increase in short positions, this range is approaching the critical point stipulated by the BOT.

   "Could it be broken just like that?" Andrew said in disbelief as he looked at the quotations flashing quickly on the screen. In recent weeks, the Thai government has repeatedly declared that they have tens of billions of dollars in foreign exchange reserves and will definitely keep the baht's status, but at this time the baht has clearly reached the brink of floating.

"No, the good show is yet to come!" Zhong Shi glanced at another screen, where the data from New York appeared. Although the quotation of Thai baht showed a red line, it was obviously below the 26 baht threshold. The downward trend has slowed down, and there is a tendency to rise again.

"Now there is no news to support the news that Thailand will abandon the fixed exchange rate policy, but all the information that Thailand will go all out and fight desperately. Therefore, the market will still have the power to counterattack. This kind of power to rebound will exist at any time." Zhong Shi Pointing to the Yang line that suddenly pulled out on the screen, he said to a group of stunned traders.

   "So do we need to do something?" A trader who looked very smart said.

Zhong Shi shook his head, and said in a deep voice: "Now is not the time. Look, it is not so easy to attack a country's currency. I believe that the short side will soon concoct unfavorable news for the market. In addition, BOT will soon I will make a move."

   What Zhong Shi said is not wrong, the positive line just pulled out is exactly what BOT traders did. In the trading hall of the Bank of Thailand, traders in charge of the European and American markets are operating nervously, placing sales orders one after another. Soon, when the Thai baht was about to fall below 26 baht to 1 US dollar, they collectively took action and used a large amount of funds to raise the price, temporarily stabilizing the currency value of the Thai baht.

Speaking of the amount of US dollar funds, I believe that the foreign exchange trading department of any commercial bank or hedge fund cannot be compared with the central bank of a country. They are the main funds for currency contracts related to the currency market. Therefore, when they After the shot, the currency value quickly stabilized.

   Thank you very much book friend Shihuangtian for your monthly ticket!

  

  

  (end of this chapter)