Hong Kong.

Phoenix TV's Chinese financial channel is broadcasting an international short message.

Prime Minister Chawalit said that Thailand will always adhere to the fixed exchange rate system, and there is no possibility of depreciation of the Thai baht, and any conspiracy against the Thai baht will not succeed. ”

“......”

Since the distance to 97 is already not far away.

At the beginning of the year, Star Media's satellite TV Chinese channel was split into two, and the new Phoenix Satellite TV Chinese channel and the previous satellite TV Chinese channel were established.

The former is broadcast in Hong Kong and mainland China, and the latter is broadcast in Taiwan.

In the picture of the TV.

Thai Prime Minister Chawalit is constantly waving his fists and defending the Thai baht declaration with an oath.

His face was as hard as iron, and his eyes were unusually determined.

"I swear that the baht will never depreciate..."

Chawalit is not a loss to be the prime minister of Thailand who was born as a general.

In his body, there is a rare iron-blooded toughness.

That kind of momentum is easy to convince.

However, Zhao Jiangchuan in front of the TV couldn't help laughing.

"Huh!"

"Won't it depreciate?"

"Hey, politics, that's a nasty thing..."

The TV continues to play.

It didn't take long for a financial program to arouse Zhao Jiangchuan's interest.

The host is still the same host.

However, the guest invited was a very interesting person.

Deputy Chairman of the Hong Kong Monetary Authority.

Pan Changhui.

His identity determines that his words and deeds will be followed by many people.

It is very rare to be able to participate in this kind of financial program.

Pan Changhui graduated from the University of Exeter in the United Kingdom.

After returning to Hong Kong, he went step by step from the Hong Kong Monetary Authority to the vice chairman.

Often, the Hong Kong Monetary Authority's external speeches are carried out by Pan Changhui.

"Today at 12 noon EST, that is, 24 o'clock in Hong Kong, the Federal Reserve will announce the interest rate decision, from the current analysis of all angles, it is expected that the Fed will continue to cut interest rates... If the Fed continues to cut interest rates, Hong Kong does not rule out following the Fed in lowering deposit and loan rates.... “

For a straight male cancer patient like Zhao Jiangchuan, it is naturally not Pan Changhui who interests him.

However, Pan Changhui's words made him very interested.

In 1983, Hong Kong introduced a linked exchange rate system with the US dollar.

With effect from 17 October 1983, note-issuing banks were to issue additional Hong Kong dollar notes only after paying US dollars to the Exchange Fund in advance at a rate of HK$7.8 to pay US dollars in advance to the Exchange Fund in exchange for a Hong Kong dollar equivalent "Certificate of Indebtedness".

At the same time, the Government has also promised that the note-issuing banks can also use the exchange rate to redeem the US dollar after the Hong Kong dollar notes are repatriated from circulation.

After the implementation of the Linked Exchange Rate System, maintaining a stable exchange rate has become the sole objective of Hong Kong's monetary policy.

Therefore, Hong Kong's interest rate policy tends to closely follow the Fed's interest rate policy.

If the U.S. raises interest rates, the Hong Kong Monetary Authority will follow suit, and if the Federal Reserve cuts interest rates, the Hong Kong Monetary Authority will cut interest rates simultaneously.

It can be said that the Hong Kong dollar is another symbol of the US dollar.

This is exactly what Zhao Jiangchuan finds interesting.

As a hanger, he is very clear about the real goal of international capital.

"It's starting to be fun!"

It's January 1997.

At this point in time, if the Fed chooses to continue to cut interest rates, the Hong Kong Monetary Authority will also choose to cut interest rates.

After the interest rate cut, the liquidity of the Hong Kong dollar will be released.

Some of the Hong Kong dollars that lie dormant in the banks will be driven out of the market.

If you look at it from the perspective of the market.

Interest rate cuts are a positive.

With more liquid capital, it will inevitably push the price index higher.

Property, stock market, consumption...

With the injection of large sums of money, it is inevitable that it will rise.

However, Thailand has raised interest rates many times in a row.

Without yin there is no yang.

If there is no rate hike, there is no rate cut.

Yin and yang are exchanged, and the universe is reversed.

Interesting, really interesting.

A smile appeared on Zhao Jiangchuan's face, he thought for a while, picked up the phone and dialed out.

Bangkok.

Robert was nibbling on a large piece of beef curry in his hand.

This is one of the delicacies of Thailand.

The taste is really...

Make do.

However, Robert had a look of disgust on his face.

It's not disgusting with taste.

It's a way to dislike dining.

The place where he is not a foreign-related hotel.

So, this shop does not provide cutlery.

This made Robert feel very sick for a while.

Whatever you eat, grab it with your hands.

This was unimaginable to Robert.

In England, he used a knife and fork.

While in Huaguo, he learned to use chopsticks.

Robert never knew that there were people in the world who ate with their hands.

Even after staying in Thailand for so long, he still can't accept this way of dining.

Damn it.

What a bunch of lowly natives.

I thought that Huaguo was already low-class enough, but here is even lower than Huaguo.

Even such an elegant thing as a meal has to be grasped with your hands.

It's disgusting.

As a gentleman of aristocratic origin, Robert was really fed up with this way of eating with his hands.

Don't they help them when they go to the toilet?

Grasping with your hands is not the same as licking yourself.

Suddenly, Robert, a straight male cancer, had a feeling of wanting to vomit.

I couldn't swallow the curry beef in my hand.

"Bell bell bell..."

The satellite phone that Robert was carrying rang.

The goods were taken aback, and quickly threw the curry beef in their hands on the table.

Then, he was dumbfounded.

On the table, there was no paper.

But now that my hands are full of curry, how can I answer the phone.

Robert panicked.

He hurriedly asked Fang Zhongyuan beside him.

"Lao Fang, do you have any paper?"

"Nope. ”

"Bell bell bell..."

"Damn it. ”

Robert scolded, not caring about anything else.

He quickly wiped his hand on his body and picked up the phone.

No way, the phone has already rang twice, and if he doesn't answer again, it will be very dangerous.

"Carrot Head, I hope it didn't disturb your meal. ”

"Oh, no, no, boss, have you eaten?"

"I've already eaten it. Radish head, you are becoming more and more like a Hua Guotong, and even the greetings are so similar. ”

"It's all the boss's teachings. ”

"Those who can work harder. ”

"Boss, now that the temperature in Hong Kong has dropped, you should pay more attention to keep warm and don't catch a cold. ”

"Do you think someone as powerful as me will get sick?"

"Oh, I damn it. Boss, your light illuminates the world, how can you get sick. ”

“......”

Bastards, always bring out bastards.

Robert's crooked kernel was rubbing his hands on his body while patting his ass affectionately.

The other guy took it all shamelessly.

"How is it going over there. ”

"In the stock market, there are not many chips at present, and now the position is mainly on the SET, according to the current price, the boss sees if you want to close a part. ”

"No, no, no, I think we should continue to increase the size of our positions. ”

"Gollum..."

Robert swallowed involuntarily.

Zhao Jiangchuan said that the increase in the size of the position made him feel fear involuntarily.

The Bank of Thailand pulled the price of the baht to 23 through the sunflower and the killing of eight young girls.

But combos always cost you the ability to burst stars.

In addition to spending more than $100 million in foreign exchange reserves, Thailand's domestic market is also under tremendous pressure.

The increase in the offshore lending rate will lead to an increase in the cost of borrowing Thai baht in overseas markets.

Restricting loans from domestic banks will reduce the flow of Thai baht in the market.

The effect of the two is that the overall circulation scale of the Thai baht has shrunk significantly.

The Bank of Thailand can leverage the total Thai baht for one hundred dollars and one dollar, and this is the logic.

The relationship between supply and demand has changed dramatically.

The rise in the Thai baht makes sense.

But tens of billions of dollars alone are not enough.

Price, always driven by money.

Whether it's the stock market or real estate.

No matter how good it is, without enough money to buy, it will not be able to support its price.

When the Thai authorities limit the total value of the baht in circulation, they are reducing blood circulation, and this pressure will naturally be transferred to other markets.

The decline in the total circulation of money has dealt a fatal blow to the Thai stock market.

Since the announcement of the Bank of Thailand, the Thai stock market has been subjected to a frenzied sell-off of funds.

In just a few days, it fell from the highest point of the rally at 640 points to 440 points.

Several of these blue-chip stocks are even more miserable.

Telekom of Thailand, PetroThailand, Pattaya Industries.

The price is barely half of what it was at the beginning of the rally.

If you compare the peak of the Thai stock market in 1798, these stocks are less than one-fifth of their original size.

A year or so.

All stocks are cut in half and cut in half.

With such a large decline, even bears will instinctively fear when investors are discouraged and desperate.

Everybody knows.

No matter how much the stock price falls, it will not fall completely.

Robert couldn't help but swallow, he said with difficulty.

"Boss, you just said to continue to add SET?"

"You heard me right. ”

"But now the market has fallen to 440 points..."

"And then?"

"I'm afraid there's not much space anymore!"

"No, Robert, that's the general trend, and since the Thai authorities have given up on the stock market and real estate, it's not surprising that prices will fall. ”

“...... So what are our goals?"

"What do you think of the idea of it back into the womb?"

“...”

After hanging up the phone, Robert's face was a little dazed.

Fang Zhongyuan, who was with him, asked anxiously.

"Robert, what did the boss just say. ”

"Gollum... , the boss said that he wanted to the Thai stock market into his mother's womb, what does this mean?"

Twenty minutes later.

Jushi Asset Management Trading Department.

Fang Zhongyuan and Robert stared at each other with big eyes, like two stunned hens.

Thai stock market, born on July 31, 1987.

The opening price of the day.

314 points.

In the following four months, the Thai stock market fell to a minimum of 243 points, and finally rose to 1,798 points in eight years.

This is a process of the Thai stock market from birth to growth. And now, it is necessary to put the Thai stock market back into the womb.

"Goo-dong..."

"Goo-dong..."

Robert and Fang Zhongyuan swallowed their saliva almost at the same time, they already understood what that mother's womb meant.

Where did it come from, and where did it go.

Before the womb, it is hell.

。 m.