Chapter 314: Fixed-point
"Radiation?"
In the proprietary department of Tatfook Bank, Erica, sitting at the small round table, considered Zheng Fan's statement. Pen % fun % Pavilion www.biquge.info
"Why for Singapore, Malaysia, and Thailand collectively known as Singapore, Malaysia and Thailand, the same in Southeast Asia is a point, but according to economics, these three countries are export-oriented economic countries, and they are very dependent on the world economy, taking Thailand as an example, whether the Thai baht should be bought and sold in the international market is not dominated by the Thai government, it is because Thailand itself does not have enough foreign exchange reserves." Zheng Fan said while sketching the map on the whiteboard.
"Don't stop."
Finding the fat man Guo Dabao, looking at Zheng Fan's gaze, as if he had seen a ghost, Liu Mingxuan glared at him fiercely.
"If a country does not have sufficient foreign exchange reserves, in the face of speculation in the foreign exchange market by international financial speculators, the country's economy will be vulnerable, and the economy determines politics, and if the situation worsens, the possibility of political turmoil in Thailand is also very high." Zheng Fan slightly amplified his voice and said in a deep voice.
"Since the Thai government and central bank are under so much pressure right now, can we take advantage of the situation? If we inject capital into Thailand's banking system, it will be a good opportunity to step into the Thai banking sector in a big way. "Ji'er is mainly from the position of the president of Taifu Bank.
"Thailand's entire economic volume is still too thin, look at it, once those international speculators, the pressure on the Thai economy, to the Thai banking system, and the government can hardly bear it, Thailand is very likely to give up the fixed exchange rate system, so as to implement the floating exchange rate system, this may be a very important turning point." Zheng Fan seemed to be in the mood, and his eyes lit up a lot.
"If Thailand's fixed exchange rate system collapses, the local currency must depreciate sharply, if that is the case, it is not just the chaos in Thailand's foreign exchange and financial market, when the time comes, under the influence of Thai baht fluctuations, Philippine peso, Indonesian rupiah, Malaysian ringgit, it is estimated that they will become the target of international speculators, and then evolve into a Southeast Asian financial turmoil." Although Erica is the Minister of Comprehensive Services, she has a very clear view of the turbulent undercurrent.
"Erica, you used to be an executive at the Jaguar Fund, did you get any news?" Ji'er looked at the short-haired woman and couldn't help but think that hedge funds are also part of the composition of international speculators.
"There is indeed some news, but it is not completely certain now, now Thailand's economic turmoil, has been very obvious, if it really evolves into a wave in the end, it is estimated that it is not just as simple as sweeping the Southeast Asian financial market, it is completely possible to lead the whole body, first sweep the whole Asia, and then expand to Europe and the United States, and even the entire world economic pattern." Erica said that later, she glanced at Zheng Fan deeply.
"Thailand's economy is too small, but it is not enough to worry, after all, we are different from ordinary international speculators, but if it continues to ferment, it will be different, maybe it will really affect our follow-up capital operation." Ji'er also began to pay attention to it, recalling the relationship between international oil prices and gold prices on the economic environment.
"If the boss shorts crude oil for the sake of a possible crisis in the Southeast Asian economy, I can understand it, but why short gold, especially if there is not much certainty." Because there are a lot of people in the self-management department, Erica's voice of doubt is very small.
"With the continuous expansion of the amount of funds of Century Holdings, there are not many operating targets that we can choose from, once the operating funds exceed 100 billion US dollars, there will be a big problem in building a position and cashing out, just like now, if you want to solve this problem, you will have to extend the operation time, you should remember the situation when we did intraday crude oil before, right?" Ji'er thought for a moment and whispered a reminder to Erica.
"Does President Ji'er mean that the boss wants to gain the initiative for long-term operation and make Century Holdings the leading force in international crude oil and international gold trading?" Erica, a woman with short hair, had a slight guess.
"If you want to operate for a long time, the dominant disk will become extremely important, and the relative stability of international crude oil is not the same, the current dominance of the international gold spot, is occupied by the main force of the Japanese group, we want to control the situation of international gold, we have to squeeze out the main force of the Japanese group, so the two sides must have a war." Ji'er has predicted that the next waves in the international gold spot may be more intense than the economic turmoil in Thailand.
"But now we are looking at the Asian regional financial turmoil, at this time short international gold spot, not standing on the momentum, once the Thai economic crisis to Southeast Asia is obviously affected, then gold will really highlight the characteristics of value preservation and appreciation, and then there will be a surge, our financial strength is not small, but relative to this unusually large market, I am afraid that there is still a little less." Erica took a deep breath and aired.
"Maybe there is not enough confidence that the decisive battle of shorting international gold spot is part of the factors that prompted the expansion of capital on New Zealand crude oil first, but the real reason is not necessarily so simple." Ji Er secretly thought in her heart that Zheng Fan, a capital monster, may have a different perspective on the market, and what he said could not be true or false, maybe some of them were ingredients that released smoke bombs.
"Erica, since you have received some news, do you know how much money international speculators can use in this wave of storm?" After Zheng Fan sketched the map on the whiteboard, he asked the short-haired woman with a smile.
"Thailand's economic turmoil, now seems to be just a fuse, played a role in attracting attention, and is not suitable as the main battlefield of big money, but as the storm grows bigger and bigger, the capital of international speculators will form an obvious accumulation effect, and when the time comes, it is conservatively estimated that the funds that can be leveraged are not less than five trillion US dollars, which is calculated through a formula model, and there may be a super main force to promote." Erica's reply really surprised Ji'er.
"In your opinion, once the economic situation in Asia gets worse in the future, where will it become the main battlefield?" The smile on Zheng Fan's face brought people a sense of hunger and thirst.
"International crude oil and international gold, naturally needless to say, the volume of trading is extremely large, especially suitable for the operation and fight of large funds, the rest is estimated to be the foreign exchange market, but compared with such as the US dollar against the franc, the mark, the Australian dollar, the British pound, and the Swiss franc, Asian currencies can carry a relatively large volume, that is, the yen against the dollar. The linked exchange rate of the Hong Kong dollar against the US dollar has to be calculated separately, and it is believed that the financial turmoil is really blowing, and the yen will bear the brunt of the impact. Erica began to do an extended analysis.
"When it comes to the linked exchange rate of the Hong Kong dollar against the US dollar, do you think it will be broken by the fuse of this economic turmoil in Thailand?" Ji'er said incredulously.
"Hong Kong is about to return to the mainland, if the external situation is not good, this is definitely a thrilling test for the Hong Kong capital market, if Thailand's economic turmoil spreads, Hong Kong will be affected is certain, as for whether the linked exchange rate can be broken, I don't think optimistic!" Erica said with a serious expression.
"So, Hong Kong is likely to become the main battlefield of this financial tsunami?" Because the headquarters of Tatfook Bank and Century Holdings are in Hong Kong, Ji'er attaches great importance to it.
"With Hong Kong's financial environment, it is fully qualified to accommodate the majestic funds of international speculators, and set up a decisive battle in the capital market, because stock index futures do not limit the relationship between short and open positions, and it is estimated that it will become one of the local decisive occasions, and the other is the linked exchange rate, it is difficult to imagine how much money will be hoarded at that time." Although Erica is not from the self-management department, she is really capable of capital operation.
"Except for Hong Kong?"
The smile on Zheng Fan's face grew, and he didn't mean to let go of the short-haired woman.
"In fact, the boss has already calculated, so why bother me to say, it is estimated that in addition to Hong Kong, that is, Russia, although as early as before and after the collapse of the Soviet Union, it has been weakened several times, but after all, the emaciated camel is bigger than the horse, and Russia is worth watching, there are too many, maybe the volume of economic data is not as good as Hong Kong, but digging deeper, it can provide a hotbed for huge funds." Erica smiled helplessly, but still responded.
"You all know a little bit about the general situation, right?" Zheng Fan nodded in satisfaction, as if he intended to let everyone listen.
"Do you want us to be mentally prepared?"
Ji Er glanced at Zheng Fan, as if she was complaining about him, but she still refused to analyze all the situations clearly.
"We don't have to be so deliberate, because as a financial institution, we are always ready." Zheng Fan snorted, as if the person who was idle for half a year ago and didn't do his job was not him.
"If you think about it along the lines of economic turmoil and contagion in the Asian region, it's really terrifying, and I wonder how likely it is that there will be a financial turmoil across Asia." Ye Qian's hand kept moving, and confirmed to Zheng Fan.
"It should reach the possibility of five to five, you know, the capitalist united front established in the Asia-Pacific region, including South Korea, Japan, Taiwan, and even Southeast Asia, are all economic vassals of the United States, since the United States raised interest rates in March this year, the pressure on capital outflow from many developing countries has become particularly large, coupled with the improper foreign exchange policies of some Asian countries, in order to attract foreign capital, on the one hand, they maintain a fixed exchange rate, on the other hand, and expand financial liberalization, providing an opportunity for international speculators. So there are a lot of problems that accumulate. Zheng Fan is relatively conservative.
"Indeed, Thailand lifted the control of the capital market in 92 years before the domestic financial system was straightened out, so that the flow of short-term funds was unimpeded, and it also laid a hidden danger for foreign speculators to speculate on the Thai baht, in order to maintain the fixed exchange rate system, these countries used foreign exchange reserves to make up for the deficit for a long time, resulting in a particularly rapid increase in external debt." Erica seems to have done a lot of research on the Asian economy.
(The second update will be sent.) )