Chapter 289: Southeast Asian Crisis
Hong Kong's return to the motherland has attracted worldwide attention! This is a grand event for the Chinese nation and a victory for the cause of world peace and justice. Hong Kong's return to the motherland, which has gone through a century of vicissitudes, marks that Hong Kong compatriots have since become the true masters of the motherland, and Hong Kong's exhibition has entered a new era.
Hong Kong Longxing Financial Investment Co., Ltd. also received an invitation from the Hong Kong Federation of Industry and Commerce to participate in a tea party. When Tang Mengmei asked what Zhu Siqi meant, Zhu Siqi would rather watch live TV at home than go, and in the end Tang Mengmei had no choice but to take Duan Xiaoyu with her.
Now because the return of Hong Kong is imminent, although Tang Zhigang's task is about to end, it has also reached a critical time, so the national security personnel who were previously arranged in Longxing Company have begun to withdraw 6 times, and even Qin Wenjun has gradually returned to his own work, which is a serious dereliction of duty for her assistant, so Tang Mengmei decisively decided to let all the national security people withdraw from her company.
It just so happened that Duan Xiaoyu became very deep after being ruthlessly abandoned by Xing Wenbin, although she did not suspect that Xing Wenbin's departure was Tang Mengmei's role as a booster here, but Xing Wenbin finally showed his true colors, Duan Xiaoyu may never forget what happened to him in the hospital ward that day: that day Duan Xiaoyu carried the chicken soup stewed for Xing Wenbin for several hours into the ward, and now Xing Wenbin is sorting out his things and preparing to be discharged, when Duan Xiaoyu asked him why he was leaving without telling himself, Xing Wenbin ruthlessly told her: He is leaving, he is alone, he and Duan Xiaoyu have no future and cannot have a future。
When Duan Xiaoyu was about to pull Xing Wenbin to speak, he didn't expect to be greeted by a burst of punches and kicks, Xing Wenbin had just been discharged from the hospital, and Duan Xiaoyu was immediately admitted to the hospital. It's just that at this time, there was no so-called beloved to greet her, and finally Tang Mengmei rushed to the hospital immediately after hearing the news.
After a period of time, Tang Mengmei tried to think that Duan Xiaoyu should not be so bored every day, and when she asked her to do something in Longxing Company, she didn't expect Duan Xiaoyu to agree in one bite.
Although Tang Mengmei has not officially arranged a position for Duan Xiaoyu, what she is doing now is exactly what Qin Wenjun was doing before. As he worked in Longxing Company, Duan Xiaoyu also began to slowly shift his thinking, and people began to become more and more cheerful. The relationship with Tang Mengmei is also becoming more and more harmonious.
Zhu Siqi has been paying attention to the news on TV since he got up early this morning. Originally, he wanted to find a place next to the Hong Kong Convention and Exhibition Center to witness the arrival of this historical moment with his own perception, but then he thought about it and didn't do it too much, almost every TV station on TV is now broadcasting about Hong Kong's return to the motherland, and if he goes there, he may also attract the attention of people who care, and it is much more detailed to watch it directly on TV at home.
According to the television news, the state president, the premier, the foreign minister, and a vice chairman of the Central Military Commission all came to Hong Kong today. This is the first time that China's top leader has landed on the land of Hong Kong, and it is also the last time that he has come here as a foreign dollar.
Although Zhu Siqi has always been looking forward to the return ceremony, after the handover, he did not have the excitement and pride he should have, but felt that all this was a matter of course.
On 2 July 1997, the day after the resumption of Hong Kong, Thailand announced that it would abandon the fixed exchange rate regime that had been in place since 1984 and switch to a managed floating exchange rate regime. On the same day, the Thai baht depreciated by 20%, which marked the full-scale outbreak of the Thai currency crisis.
Zhu Siqi has always been very concerned about the information from the Thai side, and immediately called Tang Mengmei after hearing the news, who knew that Tang Mengmei had already known, and the time to get the news was two hours earlier than himself. At this time, she had just come out of a meeting in the company, otherwise if she was in a meeting, even Zhu Siqi might not be able to let her answer the TV.
According to our analysis, because neighboring countries such as the Philippines, Indonesia, and Malaysia are also facing some problems similar to those in Thailand, coupled with the so-called "contact contagion" effect and the continuous sniping of international speculators, the collapse of the Thai baht will form a "domino effect" in Southeast Asian countries. The currency boom will quickly spread to the entire Southeast Asian market. Tang Mengmei said.
"So how do we deal with it?" said Zhu Siqi.
"This is the strategy that the company has set up a long time ago, and the company's funds have been converted into US dollars, so that even if Hong Kong is really involved in this crisis, it will have no impact on Longxing Company, and we just need to find the opportunity to make money at that time." Tang Mengmei smiled, she looked very confident at this time. Because Longxing Company has been planning and speculating on how Longxing Company will face this economic crisis a few months ago, and now such a thing has finally happened.
Tang Mengmei only came to the opportunity, and the opportunity for Longxing Company to grow was here!
"That's good, I'm a lot more relieved. Zhu Siqi said, originally he still wanted to help Tang Mengmei, at least he could use his "information" advantage, but now it seems that he can't use it for the time being.
Although Tang Mengmei has made a bad enough estimate of Thailand's local currency crisis, bad news has followed: the Philippines has followed in Thailand's footsteps and declared a free float of the currency. The Philippine peso's depreciation rate soared to 25 percent overnight, Indonesia announced that the volatility of the rupiah exchange rate had widened from 8 percent to 12 percent, the Singapore dollar, which had always been stable, fell to its lowest point since 30 months on July 18, and the Indonesian rupiah depreciated by 5 percent again on the same day, and the Malaysian ringgit plummeted by 6 percent to a 24-year low. The turmoil in the foreign exchange market in Southeast Asia has frustrated investor confidence, a large number of foreign capital has withdrawn, and the Southeast Asian stock market has also been sluggish, and the Thai currency crisis has gradually developed into a broader Southeast Asian financial crisis. The Hong Kong SAR government has taken decisive measures to successfully defend the Hong Kong dollar linked exchange rate system during the financial crisis, but the Hong Kong stock market has been hit hard by soaring interest rates.
Originally, such a crisis was a good opportunity for some investment companies, Tang Mengmei now only can do and dare to do only foreign exchange market futures, before Thailand announced the adoption of a free exchange rate, he was in the foreign exchange market a large amount of short baht, as for the peso and the rupiah she only did a little, did not invest a lot of money, but with the sharp fall of the Thai baht, Longxing company made more money in futures.
Futures are not like the stock market, in the stock market only when your own stock rises, it is possible to make a profit, but futures are different, it can be profitable regardless of whether it rises or falls, of course, provided that you see it accurately. Futures are also much riskier than stocks, it only needs 20% margin to do 100% trading, so if you do it well, the profit is also amazingly high.
For example, this time, Tang Mengmei invested 1 billion yuan in Thai baht, and bought Thai baht to fall! That is to say, Longxing Company can do virtual Thai baht transactions with a price of 5 billion Hong Kong dollars, and if the Thai baht rises by 10 percent, then Longxing Company will lose 5 billion times 10 percent, that is, 500 million, but if the Thai baht falls by 10 percent, Longxing Company will immediately earn 500 million.
Of course, if Tai Chuan has been rising, when he rises to 20 percent, that is, when Longxing Company will lose all his billion, then the trading system will forcibly ask Longxing Company to sell the transaction, so that his funds will be emptied to zero.
Of course, now that the Thai baht has plummeted, Longxing Company doesn't have to worry about it at all, they just need to calculate how much money they have earned.
As an investment company, the purpose is to make money, but as an international community, they still have to make an appearance when they see the crisis in Southeast Asia, and in order to help Southeast Asian countries get out of the crisis as soon as possible, the international community has extended a helping hand. A meeting of the Central Governors of the East Asia and Pacific region was held in Shanghai in July, and a meeting on economic assistance to Thailand was held in Tokyo in eight meetings, chaired by the ImF. In order to help Thailand out of its predicament, international organizations such as ImF and some countries and regions in the Asia-Pacific region, including China and Hong Kong, China, have jointly pledged to provide Thailand with $172 in economic assistance. In the face of the Bank of Thailand's bad debts of up to 1 trillion baht and foreign debts of 90 billion US dollars, the international community's loan assistance of 172 US dollars obviously cannot fundamentally save Thailand's economic and financial crisis, but at least it has strengthened the confidence of the Thai people and the international community in overcoming the financial crisis.
When the Thai baht fell to 40 percent, Tang Mengmei stopped in the futures market, this time the one billion Hong Kong dollars of Longxing Company also quadrupled directly by more than 100 million US dollars, plus a small investment in Indonesian rupiah and pesos, after the completion of all the transactions, Longxing Company's funds will become 550 million US dollars, that is, all the investments have tripled a little more, Uchiha Wenjie is investing in Longxing Company 30 million If he wants to redeem it now, in addition to the company's handling fee and share, he can at least get more than 80 million Hong Kong dollars immediately。
Zhu Siqi also learned about the company's final profit in August, but he didn't want to tell Uchiha Wenjie the news, otherwise with his character, the existing money on hand would be squandered by him immediately.
Now he is very close to Wu Tian, during the time when Zhu Siqi went to Hong Kong, Wu Tian was with Uchiha Wenjie almost when he had nothing to do, fortunately, Uchiha Wenjie was not very clear about Zhu Siqi's details, otherwise Zhu Siqi would be in danger!