Sun Yalin talked to her dad on the phone, threw the mobile phone on the windowsill on the side, covered her chest with a bath towel, revealing a piece of snow-white skin, and said to Shen Huai: "My dad is in Hong Kong, fly over directly tomorrow, and talk about it in detail when the time comes......"

The contact with the Sun family has always been Sun Yalin in charge, Shen Huai didn't care about the whereabouts of Sun Qishan and others, but when he heard that he was in Hong Kong, he was still quite strange, and asked: "Your father is in Hong Kong at this time, is it related to the oscillation of the Thai exchange rate market during this time?"

Sun Yalin nodded and said, "Well, Thailand's imports of clothing and electronics fell sharply last year, resulting in a deficit of more than $15 billion in conventional items. By the end of March this year, this figure had accumulated to $20 billion. The Thai government, on the other hand, has been slow to act and does not see any action to stimulate exports, but has only blindly attracted short-term foreign exchange capital inflows, which has actually led to a surge in short-term foreign debt, while Thailand's domestic financial securities and real estate have been overheated in the past two years - so it is not surprising that the Thai baht has been targeted by some hedge funds in the exchange rate market. Although the Thai government and Singapore jointly came up with $12 billion to buy the Thai baht in the exchange rate market, causing some speculative funds to lose a lot of money and withdraw, the risks in the Thai economic system have not been released. In the past few years, their investment in Thailand has been concentrated, and my father's visit to Hong Kong this time is to do a new risk assessment of Thailand's investment business......"

Shen Huai's chin slammed on the chair, after the seventies, after Japan, the economy of other parts of Asia also rose rapidly, among which the "four little dragons, four little tigers" as the representative, Thailand is one of them.

Although China's economic development has not been slow since the reform and opening up, the edge is still covered by the "four little dragons and four little tigers". Therefore, in the mid-to-early 90s, although the total population of Southeast Asia was less than half of China's, the inflow of foreign capital was higher than that of China.

Evergreen Group's cumulative investment in the Asia-Pacific region has exceeded US$1.2 billion, mainly concentrated in Southeast Asia; although it has increased its investment in mainland China in recent years, it still accounts for less than one-third of the total investment in the Asia-Pacific region.

"If the investment of the Evergreen Group in Thailand really encounters any risks, according to me, it is purely deserved," Shen Huai turned over, put his hand under the back of his head, and said, "Southeast Asian investment is overheated, the segmented market adaptability is poor, the lack of a complete industrial system, strong dependence on exports, and the weak hand of the regional government, once the situation arises, it lacks strong means to solve the problem in the overall structure, so the reassessment of the investment in Thailand and Southeast Asia by the Evergreen Group can now be regarded as at least a remedy......

Shen Huai hit the nail on the head and pointed out the disadvantages of Evergreen Group's overly concentrated investment in Thailand, but Sun Yalin still ridiculed him:

"The domestic zhongyāng government has a strong wrist, but since the tightening after the year, Xinpu Refining and Chemical has also been stuck in the neck and can't move, what do you have to gloat?"

"If the funds are really in place, the approval should be more relaxed," Shen Huai said, "It's better to wait for your father to come over tomorrow and talk about it......

In order to curb the overheating of investment and tighten the approval of large-scale projects after the domestic year, in the final analysis, the construction of many large-scale projects in China, the proportion of self-provided funds is low, and the dependence on bank loans is strong, and if it is not tightened, it will exacerbate the risk of the domestic financial system - if the project's own funds are sufficient and the dependence on bank loans is low, then the project construction will not only not exacerbate the risk, but also release the financial risks of a certain region and industry through the pull of the industrial chain.

Similarly, foreign exchange bond financing is generally believed to be long-term debt financing or direct industrial investment, which helps to promote economic development, while short-term entry will exacerbate the risks of the economic system - this is also the main reason for large-scale domestic investment, but strictly restricting the entry of foreign exchange funds in the fields of financial securities and real estate development.

Not only did Chen Baoqi and others remain silent in the city, but the province did not particularly promote anything.

If Meigang can get a large amount of foreign exchange loans from Yasuda Bank and raise two to three hundred million US dollars, or even more, the attitude of both the city and the province will change.

*************

It is inconvenient for Shen Huai to go abroad, and he has to apply with the city, so there is no condition to fly to Hong Kong to meet Sun Qishan immediately - if he must meet in China to discuss things, the location in Xucheng is not much different from that in Donghua.

After the launch of the Xinpu Steel Mill project, there is less than half a year left to officially put into operation, and Sun Qishan, as the main indirect investor, should also come to see the field and take a look twice.

The cooperation with Yasuda is only a sign, Shen Huai is not willing to alarm the city at this time, nor does he want Yasuda Tomokoto, Yamazaki Nobuo and others to feel their impatience, so they also strictly block the news of Sun Qishan's visit to Donghua.

Sun Qishan was accompanied by Song Hongjun and rushed directly to Xiapu through Xucheng, and even in the county, only Tao Jixing, Zhao Tianming and other people knew about it.

Shen Huai waited directly for the arrival of Sun Qishan and his party at the Pengyue International Hotel in Beishan, watching the convoy slowly drive over, Shen Huai walked down the steps, and Wang Weicheng, Du Jian and others went over to help open the car door first.

Seeing Sun Qiyi get out of the car, Shen Huai asked with a smile, "Why did the second cousin come to Donghua this time?"

Shen Huai only talked to Song Hongjun on the phone beforehand, and temporarily knew that Sun Qiyi would also come over this time.

To be honest, Shen Huai was also puzzled by this: it was impossible for Sun Qishan's whereabouts to be completely concealed from others, but Shen Huai had no intention of revealing the news of Mei Gang's contact with Yasuda Bank to others for the time being-Sun Qiyi followed him, and this matter could not be concealed from him.

Shen Huai didn't understand, why did Sun Yalin and her father let Sun Qiyi get involved in this matter?

Shen Huai was really puzzled, but it sounded a little sarcastic to Sun Qiyi, he smiled awkwardly, and his old face couldn't help but blush.

No matter how unruly Shen Huai is, no matter how dissatisfied some people within the Song family are with him, Sun Qiyi has no qualifications to sneer at this time - Mei Gang's rapid development over the years is just a reflection of his incompetence and inefficiency in the Asia-Pacific investment business, and the financial risks in Southeast Asia are still in the further accumulation, which also brings unpredictable risks to the huge investment of Evergreen Group in Southeast Asia.

"Thailand's problem may be more serious than imagined...... Sun Qishan could see that Shen Huai was a little puzzled, why Qiyi came with him, he didn't elaborate on the phone before, and got out of the car at this time to explain a little.

"Oh......" Shen Huai nodded, understanding.

With such a large scale and investment not in one basket, the ability to resist risks is naturally strong, and it is impossible to drag down the regional economic crisis all at once - but for the management of Evergreen Group, it does not mean that as long as they ensure that Evergreen Group does not collapse, they can maintain their position.

In fact, as long as there is an irreversible loss of Evergreen Group's investment in the region, someone and even the entire management must be held responsible.

Sun Qishan and Sun Qiyi cannot be regarded as professional managers, but as representatives of the Sun family, they are stationed in the Evergreen Group, and they are not only directors of the board of directors, but also senior managers of the group, with prominent positions and heavy responsibilities. Even if they are different from ordinary professional managers, there are definitely not just one or two people within the Sun family who want to replace them......

If Thailand's economic situation is very bad, and Evergreen Group's investment in Thailand cannot be withdrawn quickly, then balancing and hedging investment risks is a top priority for Sun Qiyi, who is in charge of Evergreen Group's Asia-Pacific affairs.

If some investment losses in Thailand can be recovered in the mainland, and the overall investment risk balance in the Asia-Pacific region can be maintained, and the risk can be hedged, and the group's shareholders can avoid their accountability.

Of course, if Evergreen Group's investment in the Asia-Pacific region loses too much, it will not only be Sun Qiyi's problem, but the entire group management will also face shareholder accountability - which is why Sun Qishan rushed to Donghua with Sun Qiyi in Hong Kong during this time.

Sun Qishan and Brother Sun Qiyi usually have a bad relationship, and they are fists and feet under the table, but if the whole thing may endanger the interests of the two at the same time, they can still stand in the same trench again.

****************

Beishan Pengyue specially prepared a small building near the Xitang River to accommodate Sun Qishan, Sun Qiyi and their entourage.

Sitting down in the lounge, Sun Qishan introduced the more severe economic situation in Thailand:

"With 760,000 homes built in Bangkok in the past four years, less than half of them have been sold, and the risks are even greater than the outside world speculates. Now the Thai government has locked down the channels for foreign capital withdrawal, although the purpose is to prevent further turmoil in the exchange rate market, but this will only increase the panic, and the problem has not been completely resolved. We are now waiting to see if there are any further strong measures on the part of the Thai government, but we must also take precautions......"

In the early days, Evergreen Group made a fortune by operating hotels and real estate, and returned to the Asia-Pacific region from Western Europe to develop, and also followed the old ideas. Thailand's financial market is highly open, and the hotel and tourism industries are developed, so Thailand's real estate and tourism hotel markets are the key areas for Evergreen Group to invest.

It is also normal for Evergreen Group to invest in a large number of real estate and hotel businesses in Thailand, so it is more sensitive to the current economic situation in Thailand than ordinary institutions, and has a clearer understanding.

It's just that now that the Thai government has locked the channel for the withdrawal of foreign capital, Shen Huai doesn't understand how Sun Qiyi wants to use this side to hedge the investment risk of Evergreen Group in Thailand......

Of course, Sun Qiyi came over to make it clear that he had a request for him, he couldn't figure it out for a while, and he wouldn't be in a hurry to ask Sun Qiyi.

However, Sun Qishan didn't sell Guanzi there, knowing that the time was very tight, in case the economic crisis in Thailand broke out in an all-round way, it would be difficult to hedge the risk at that time, so he said directly to Shen Huai:

"At present, there are no tariffs on Thailand's iron ore exports, and if Evergreen Group can get some orders from Xinpu Steel Mill, it may be possible to use its hotel and real estate assets in Thailand to conduct equity transactions with local mining companies......

Shen Huai nodded, thinking that after Sun Qishan arrived in Hong Kong, it probably took a lot of brains to think of this idea, this thing is really going to be done, it can hedge part of the investment risk of Evergreen Group in Thailand.