Chapter 622: Financial Turmoil 6

Although Lu Shaohua's transfer of the topic ushered in a burst of laughter, I have to say that it was still very successful, at least, Liu Mingzhang's attention had been successfully attracted by Lu Shaohua, and they began to pay attention to Huo Xiaoyue's head, and to this head who came to consult them as a student.

Whether it is Lu Shaohua's woman or Fok Yingdong's beloved grandson, these two layers of identity are impossible to ignore, especially in Hong Kong, no one does not know Huo Yingdong's identity and strength, and the business community naturally does not need to say much, the strength of Fok Yingdong's group is strong, as for the political axe, not to mention, Fok Yingdong has absolute influence.

Moreover, Lu Shaohua's identity as a woman is not simple, especially for Liu Mingzhang and their employees under the Phoenix Group, who are equivalent to the boss's wife, the boss's woman, that is not something that can be refused.

So, Liu Mingzhang and they opened the identity of teachers and taught some knowledge to Huo Xiaoyue, of course, while imparting knowledge, they did not forget to stare at the big screen and observe the market trend of the Thai baht.

According to Lu Shaohua's memory, on July 2, 1997, the Thai baht was attacked. On this day, the Thai government announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, thus forming a financial turmoil in Southeast Asia.

That's right, the moment the Thai government announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, a financial turmoil was formed throughout Southeast Asia, and Thailand, the initiator, would also be dealt a fatal blow.

On the same day, the exchange rate of the Thai baht against the US dollar fell by 17%, 17%, don't underestimate the 17%, this is a huge proportion, this decline, for the Thai baht, it is miserable, which means that the Thai baht is becoming more and more difficult to use in the international currency.

There is no way to make it convenient for the dollar to be the international currency, and the exchange rate of the dollar has fallen, which means that the price of the national currency has fallen, if you use an example to illustrate, that is, you can usually buy something worth 100 yuan in the world, and you will have to pay more than 100 yuan after the price falls, which is very simple.

Of course, the reasons for the outbreak of the financial turmoil can not all be counted on Thailand's head, the main reason is Soros, Soros is the real fuse, in the international tour capital headed by him found that Thailand's foreign exchange reserves are insufficient, and the Thai baht is a fixed exchange rate with the US dollar and freely convertible, so the tour capital began to sell a large number of Thai baht originally purchased, Thailand in the use of foreign exchange reserves to intervene in the unfavorable situation, can not maintain a fixed exchange rate with the US dollar, and finally can only give up the fixed exchange rate, the use of floating exchange rate.

Thailand did this but caused a financial turmoil, and at the same time, they will also suffer the bitter fruit, which is the Thai baht to the US dollar, which fell by 17% on the same day, and the large decline in the proportion has put Thailand in trouble.

In addition to the fall in the exchange rate of the Thai baht against the US dollar, Thailand's stock market has also been hit by the fall of the Thai baht, according to Lu Shaohua's memory, in this financial turmoil, the overall market of Thailand's stock market plummeted by 70%, and the final decline of the Thai baht was a 60% depreciation of the Thai baht.

After this financial turmoil, 56 banks in Thailand were squeezed, and the reason for the collapse is very simple, due to the fall in the exchange rate between the Thai baht and the US dollar, it triggered a run on the 56 banks.

However, all this is Lu Shaohua's memory, as for the current situation, Lu Shaohua is not clear, because it is still early, the wind of the financial storm has not yet blown, although the Thai baht is under pressure, but the Thai political axe has not yet come out to announce the abandonment of the fixed exchange rate system and the implementation of the floating exchange rate system, the fuse has not yet been lit, everything is still in a calm state.

"Yunqing." Lu Shaohua glanced at the quiet big screen and called Li Yunqing, and when the latter came to him, Lu Shaohua asked in a deep voice. "The stock market in Thailand also needs to pay attention to it at all times, don't keep paying attention to the situation of the Thai baht, so as to ignore the stock market."

Lu Shaohua invested a lot of money this time, he not only speculated in Thai baht, but even in the Thai stock market, Lu Shaohua also participated in it, speculating in the decline of the market, and there is also a part of the margin system, which is also a channel to make a lot of money.

"Don't worry, all computers are turned on now, but the screen is protected, if you want to pay attention to the stock market, you only need to move a mouse slightly, and you can watch it directly on the computer. If you can't see it on a small screen, you can switch to a large screen, which is completely reassuring. Li Yunqing said with a smile.

In fact, Li Yunqing said not carefully enough, more appropriately, not only the Thai baht is also concerned, but also the Thai stock market, and even the Philippine peso, Indonesian rupiah, and Malaysian ringgit are also concerned.

"Hmm." Lu Shaohua looked very satisfied, nodded heavily, and after a pause for a few seconds, he changed the conversation and asked. "What about the stock market? Is it properly handled? ”

For a long time, Lu Shaohua's allocation of time for actions has been based on Thai baht, and there is no mention of the layout of the Thai stock market at all, not that Lu Shaohua does not want to arrange it, but that Lu Shaohua has no way to arrange it, and the only arrangement is to give the data to Li Yunqing and them, and then they can arrange it however they want, and it is completely handled by Li Yunqing and them.

Thinking about it, Lu Shaohua is at most a bucket and a half of water, and there are some things that are better to be less involved, and they can't be compared with Li Yunqing and other financial professionals and experienced firms, hand over the data to them, let them arrange it, and they can play a role more and maximize the wealth they earn.

"You can rest assured of this." Li Yunqing smiled again and said. "Today, among our 30 teams, there are 12 teams staring at Thailand, four teams are in charge of the stock market, eight teams are staring at the Thai baht, and the remaining 18 teams are divided into three parts, respectively pegging the currencies and stock markets of the Philippines, Indonesia, and Malaysia.

Just kidding, other countries only use six teams to watch, but Thailand is good, using twelve teams, which is twice the number, can you say that you don't focus on it!

"Okay." Lu Shaohua was also full of smiles, and then said. "I'm looking forward to your performance."

Although 200 billion US dollars was invested this time, Lu Shaohua was not worried or nervous at all, and he always believed that this time he was still on the winning side. It is precisely with this mentality that Lu Shaohua's heart is very calm, and he didn't regard this time as that kind of battle between life and death at all, on the contrary, Lu Shaohua regarded it as a movie, and the actor was Li Yunqing.

"You won't be disappointed." Li Yunqing was full of confidence, patted his chest, and responded.

Lu Shaohua didn't speak, smiled, patted Li Yunqing on the shoulder, and then sat down on the sofa, half-squinting, waiting for the 'show' to begin.

…… Time always passes unconsciously, I don't know when, how long it has been, Lu Shaohua half-squinted, almost didn't fall asleep, only heard Li Yunqing's loud voice in his ears, a "start", pulled Lu Shaohua's half-asleep state back to reality.

For the first time, Lu Shaohua regained consciousness and looked at the big screen hanging on the wall for the first time, and sure enough, as Liu Mingzhang said, it was the beginning, but this beginning represented the beginning of the decline of the Thai baht, and the trend chart of the Thai baht was displayed on the big screen plummeting, without any suspense.

At this moment, Li Zongen, who had been staying on the side, also quickly got up, walked to a row of computer desks next to him, moved the mouse one by one, removed the screen protector, and paid attention to the stock markets and currencies of all countries.

However, what Li Zongen is most concerned about is the situation of Thailand's stock market, which is very obvious, because Li Zongen is sitting next to the computer that marks the Thai stock market, but Li Zongen is sitting motionless, his eyes are straight, looking at the computer screen.

It's not that Li Zongen is playing deep at this time, but the Thai stock market has not fallen, and the reason is very simple, the Thai baht has fallen, and the Thai stock market cannot fall at the same time, and there is still a period of reprisal, that is, the market's reaction time.

It's just that the reprieve, as the commander-in-chief of this operation, at this time, Li Yunqing is the time to give the order, only to see Li Yunqing said in a deep voice. "Let everyone below bet, pay attention to the situation in the four countries, don't make any moves, well, and, the Chinese Chamber of Commerce will also notify you."

Speaking of which, I have to say that there was yesterday, everything was arranged, and the last batch of funds also entered the market smoothly and lurked, waiting for the last chance, there was no need to do anything at all, just sit back and wait for the net to be closed.

As for the distribution of the team and the distribution of the commander-in-chief, it is also obvious that the contact method of the Chinese Chamber of Commerce is established in one group, and there are also people representing the country in this group, while the team of the Phoenix Group belongs to it, the contact is in another group, and it is from the reading force.

The distribution of the commander-in-chief is a bit more monotonous, Li Yunqing is responsible for watching the whole situation and giving orders, Liu Mingzhang is responsible for staring at the big screen and paying attention to the situation at any time, as for Li Zongen, his heart is relatively detailed, and there are many things to pay attention to, that is, all the data displayed by the computer.

There are no rules, there are no rules, Lu Shaohua has always had rules for doing things, now lift Li Yunqing to the position of commander-in-chief, then Liu Mingzhang and Li Zongen will accept Li Yunqing's leadership, the data they see and their own ideas, they must report to Li Yunqing, and then Li Yunqing will decide, of course, Li Yunqing is not a person with exclusive authority, he will discuss with Liu Mingzhang and Li Yunqing, if Lu Shaohua is present, it is possible to ask Lu Shaohua's opinion, and then issue a final order.

And such a low-level order like issuing static braking, naturally there is no need to ask Lu Shaohua for instructions, Li Yunqing issued it on his own. However, Liu Mingzhang's wife, who is at the bottom level, is in charge of relaying orders, and she doesn't need to take care of other things.

It's just that what the outside world doesn't know is that as soon as Li Yunqing gave the order, the real battle had already begun, and Lu Shaohua's plan that had been planned for many years was finally officially launched at this time, and the results that followed were unknown.

(To be continued)