Chapter 187: Credit, hard work
One hundred and eighty-seven merit, hard work
"At the beginning of August, Thailand has completed the sheep circle, its 39 billion foreign exchange reserves have been depleted, the Thai baht has also implemented free floating, the exchange rate has fallen from 25 to 55, and 42 financial institutions are currently closed. Politically, Thailand's Prime Minister Chaval has stepped down, and central bank governor Luncha Malaja has resigned------- so that Peregrine, which accounts for the largest proportion of Southeast Asian investment and is also the most important support area, has fallen, with losses of hundreds of millions of dollars. However, the International Monetary Fund-sponsored International Conference on Aid to Thailand, which concluded in Tokyo today, has negotiated and decided to provide about $16 billion in financial assistance to Thailand to stabilize Thailand's economic and financial market order. Of the $16 billion, US$1 billion was withdrawn from the Exchange Fund by the Hong Kong SAR government (in Thailand's loan scheme), which is a small amount of money, but this is just the beginning. At the same time, I have received information from Malaysian insiders that they are also about to give up defending the ringgit-------- followed by Indonesia, South Korea and Hong Kong. The closing of Hong Kong's Hang Seng Index also means the end of the international conference on Tokyo's aid to Thailand, and George Soros got the decision as soon as possible.
The rules of the game of the International Monetary Fund are still established and formulated in the United States. As for who is the formulator, who is the participant, and who is the biggest beneficiary, it is self-evident.
"As mentioned above, Peregrine has provided a package to issue huge fixed-rate bonds for Indonesia's safe taxi company, and I will further widen this wound and make it bleed further. Therefore, according to the original schedule, the main attack on Hong Kong will be delayed, and it should be consulted in October at the latest, and during this period-------, "George Soros has revealed a little bit about the achievements of the current plan and the plans for the future," ------ then it may be most appropriate to use a Chinese idiom, "a bird with a frightened bow." ”
················
"------- I will bring the above to the boss, and at the same time, on behalf of myself, I wish you and your team (Quantum Fund) a happy meal with Julian Robertson (Tiger Fund)!" the middle-aged man in black stepped forward and took back the document handed to George Soros for review, and politely expressed his blessing with a unique smile.
At the same time, less than a kilometer away from them, in a straight line, is not an office building, but a hotel. Shao Yiming and Wang Jiezhong were having dinner with someone who was just as young as them. He is an ordinary Peregrine employee (a former student of Nanyang Technological University who later worked his way up to Peregrine in Singapore) but has a broker qualification. However, soon the newcomer will face unemployment, as the financial crisis storm from Thailand has already reached Malaysia, affecting Indonesia and Singapore.
Only a few months have passed since May's victory, and now the entire company is in charge of William Du, but the Southeast Asian part of Li Xzhen will face or has fallen into a dire situation------- if the worst is expected, the rupiah will depreciate sharply in the short term, then Peregrine's business in Indonesia will be almost completely trapped. In the past July, the company has planted a big heel in Thailand, and now the offices there have suspended all business------ are eating finance, how can you not know that the company has actually made irreparable major mistakes in strategy since the beginning of the year. At present, the mountain rain is about to come and the wind is full of buildings, and the consequences will also be the situation that Peregrine employees, whether they are newcomers or the elderly, are the most unwilling to see. This can be inferred from the company's hasty halt to all new hires (this time of year is the best time for the company to absorb new blood) and the lack of time to put the company's plans to increase the number of employees on hold.
"With just one account, within my means, I was able to quickly borrow IDR from 2 major local banks in a very short time, only 24 hours, after which I had to pay it back. Because you know that after Thailand implemented a free exchange rate, the Thai baht depreciated much more than we imagined, and no one can guarantee that Indonesia will also implement a free exchange rate. Moreover, in Tokyo, the International Monetary Fund (IMF) has agreed to a $16 billion bailout package for Thailand, which may help stabilize Thailand's financial markets and financial system and urge it to begin economic and financial reforms. Although the sudden storm has left Thailand, there are signs that it has moved to Malaysia, and whether Indonesia and Singapore will be hit by it has at least been affected by its periphery. "One year of Peregrine work, surrounded by either securities geniuses or financial elites, is enough for An Zaixu to flexibly apply the theory and practice of the school for several years to his work. He explained his analysis to the two opposites, to be precise, to let Shao Yiming know. The more talents who swim in the sea of capital, the more they understand the attributes of "water" and the choice of road!
When the two transferred his mother from the ordinary hospital to the best central hospital in Singapore, and hired the best doctor to treat his mother for a disease that could be a tumor, Ahn Jae-wook understood that he had become the "prey" of the other party. He did not feel bitter about this, but on the contrary, he was lucky and happy: on the one hand, his talents might be appreciated by Bole, on the other hand, his mother, who had worked hard to raise him to grow up, finally had hope of getting the best treatment after a month of illness, and his half-sister no longer had to get up early and be greedy for darkness.
After graduating, he found a job that others could not envy, but his Korean immigration status made him have to work twice as hard as others in whatever he did, and at the same time, the hardships of his single mother and the love of his young sister forced him to be more successful and outstanding. But sometimes people will be unlucky for no reason, and no matter how careful they are, they will inevitably make mistakes. One night I was too late to take care of my mother, and I ended up lying on my desk tired, forgetting that I needed to get up early the next day (Saturday) to catch an appointment with an important big client. When his supervisor called him, he had just woken up from his daze, and the result was naturally sad.
"Well, if I use foreign exchange leverage tools, how much leverage will be given to Peregrine by several public and private banks in Singapore at present, can I have 30 times?" Shao Yiming asked.
Because of his professional habits, Shao Yiming spent most of his time in the foreign exchange market, especially the foreign exchange futures market, in addition to completing the task of going to Singapore. Because he looked at Zheng Shao's god-like manipulation and the rapidly tumbling wealth, he re-examined his previous mathematical knowledge, especially the doubts about the answer that one plus one is equal to what is equal to elementary school students.
The general trend has become clearer and clearer, first Thailand, then Malaysia, and then Indonesia? It should be followed by South Korea, because it has the Seoul index. Singapore and Japan, the former is supported by the real economy, has a sound political, economic and social system, and is the United States' forward base in Southeast Asia, can not be chaotic, the latter has the world's second largest foreign exchange reserves, killing 1,000 enemies, self-loss 800, the international predators should not have this kind of courage, besides, the signing of the Hiroshima agreement in Japan has given the Japanese government and enterprises a lesson from the past.
"20 times, but foreign exchange leveraged trading, that is, margin trading, I personally think the most important thing is the control of funds and the grasp of positions, whether it is 1:400 or 1:10. It's just that Peregrine doesn't talk about foreign exchange leveraged trading, that is, it only pays attention to the changes in the foreign exchange market, and there are almost very few, and its competent department changes the image of the metaphor like a frequent visitor who sits on the cold bench on the basketball court, and he has not been seen on the field after a game, so its role in the company is almost minimal, not to mention foreign exchange leveraged trading. "Ahn Jae-wook is actually quite strange that as the second investment bank (securities company) in Asia outside of Japan, its internal management of the foreign exchange market will be in a state of hollowness and high myopia. In fact, it's not that he couldn't understand it, and the vast majority of people engaged in the financial industry at that time didn't know that when the Western capital predators created financial derivatives, before they were promoted to the whole world, before they let it explode with huge lethality, who would press the red button of the "nuclear explosion", and who would have the ability to create panic and turmoil before the "nuclear explosion". Naturally, who dares to gamble on huge sums of money before knowing its power------- in the foreign exchange market, its daily trading volume is calculated in trillions of dollars.
Ahn Jae-wook continued: "At Peregrine, the division of authority between departments is very clear, Du and Liang control and dominate their own fields respectively, and in their own fields they are kings. The person in charge here in Singapore is not very old, a few years younger than Li Xzhen, but the ability is ------- but our focus is still on direct investment (bonds). ”
"These, Jie Zhong and I have already investigated clearly, "success is also Xiao He, defeat is also Xiao He." The biggest purpose of asking you out is not the above things, but mainly to tell you: today is Monday, the big boss has successfully returned to Hong Kong, and it may be these few days to take action, and I hope to arrange the time when you use it. We don't want to let your first independent mission because of your forgetfulness and leave him with the impression that he is ineffective!" Wang Jieren finally said the purpose of this time after getting the information he wanted.
In the afternoon, when he was still studying the fluctuations in today's foreign exchange market, Wang Zhao's "ventilation message" interrupted his train of thought, and then immediately gave him a shot in the arm: at the beginning, the growth rate of 100 million yuan on the first day was only the results achieved under the premise that it could not be exposed. His heart fluttered and he wanted to fly to Hong Kong immediately.
However, in the end, Shao Yiming still forced his heartbeat and shared the news with Wang Jiezhong. But Wang Jiezhong, who was honest and upright (stunned) in the past, was very calm and confident. To borrow Wang Jiezhong's words: 'We have already laid solid roots in Singapore and completed the task perfectly, even if we have no merit at that time, can we run away from hard work? Do you think Zheng Shao is like that kind of unkind person? I believe that he will not, and our three brothers will not believe that he will not! He will never treat us badly!'