Zhong Shi looked around, taking in everyone's expressions, and he didn't explain, just waited patiently, waiting for them to understand.

Half a day later, it was Ma Jiarui who was the first to speak, saying: "If you increase the leverage, it is not impossible." However, I am afraid that this will violate the operating principles that we have always adhered to. ”

At the beginning of the establishment of Tianyu Fund, Zhongshi set two basic principles for them: the first is not to use excessive leverage, even if you use highly leveraged investment tools such as futures and options, you must set aside sufficient reserves to reduce leverage; The second is that it is strictly forbidden to disclose the operation including positions to the outside world.

The current fund size of Tianyu Fund is about 5.5 billion US dollars, of which 5 billion US dollars are under the control of Zhong Shi, and several other fund managers and senior traders share the remaining 500 million US dollars.

Most of the $5 billion is now invested in U.S. Treasury bonds, and the rest is invested in high-yield Russian government bonds, but Bell Stone has withdrawn from Russia some time ago, and these funds have no investment target at present.

If Zhongshi wants to increase the leverage, it will naturally be a no-brainer. Not only him, but even other managers of X-Spatial Fund will receive invitations from brokerage channels every once in a while, either to promote new stocks or new products, and many financial products contain high leverage.

Zhong Shi shook his head and denied Ma Jiarui's idea.

"Do you want to join forces with American capital?" Zhong Shi has made it clear before that they will be the ones who will finally bring down the BOT. Instead of sitting on the mountain and watching the tiger fight. After denying the high leverage, others can naturally think of joining hands with other capitals.

However, such a joint action has hardly occurred before, and even when there was a large-scale attack on the European exchange rate system, various capitals only flocked to the market according to the rumors and movements of the market, and then washed down the pound, and it should not have been secretly planned. Otherwise, both the British government and the US government will definitely suppress this kind of capital alliance.

After half a day, before he could guess the reason, Zhong Shi couldn't help frowning. Say aloud, "Haven't you thought about it?" Is the foreign exchange reserves announced by the BOT a cover? They simply don't have that many foreign exchange reserves! ”

As soon as this statement came out, everyone except Andrew was shocked, how could they have thought that a country's central bank would blatantly lie. But the researchers, who grew up in Hong Kong, were only momentarily surprised. began to think deeply about the possibilities that Zhong Shi said. After all, they grew up in the East Asian cultural sphere. It's not strange to know this kind of thing.

And those researchers from Europe and the United States behaved more bizarrely, they couldn't believe that what Zhong Shi said was the truth. But if it weren't. Why should Zhongshi insist on selling?

On the one hand, the culture of integrity ingrained in their minds, and on the other hand, the investment performance from Zhongshi's gods, the two were repeatedly at war in their hearts, and for a while they didn't know who to choose.

At this time, suddenly a voice came, "Thailand's finance minister announced his resignation, just today." ”

This shout suddenly woke up the pondering traders, although they did not understand that at this time the Thai finance minister Weishenme announced his resignation, but everyone knew that this would definitely mean that the market would have unusual fluctuations, and their eyes towards Zhongshi became evasive.

"Looks like we're going to speed up the short selling of baht!" Zhong Shi's first reaction to the news was also stunned, and then he realized that the Thai government had reacted. In his previous life, the finance minister named Villawang did not announce his resignation until June 19, and now it is nine days earlier, which fully shows that the Thai government has begun to look for a scapegoat due to the financial constraints caused by the intervention of the Tianyu Fund.

After this thought swirled around Zhong Shi's mind a few times, he came back to his senses and shouted, "Guys, it looks like we're going to start selling Thai baht across the board." From today onwards, as long as it is not less than 26 baht to 1 dollar, we will sell it to them, as much as you want. ”

……

Three hours ago, in the Thai Prime Minister's office, Virawong faced Prime Minister Chawalit and was reporting on the current economic situation in Thailand.

To Villawang's surprise, Chawari didn't seem to care what he was saying, barely saying anything throughout the debriefing, just smoking cigarette after cigarette.

Thailand's domestic economic situation is a mess, with the stock market plummeting, a large number of new homes unattended, and the proud export slowdown, which is not only not growing, but declining compared to the same period last year. In terms of foreign investment, there has been a reversal of the flow for one consecutive quarter. There are signs that there is a big problem with the growth of the Thai economy.

The most terrible thing is that a large number of financial institutions have become insolvent, and the regulatory authorities have implemented jishu bankruptcy measures for some financial institutions, forcing them to come up with jihua for asset restructuring in the fastest possible time.

Perhaps that's what Chavali worries the most, right? Villawang thought silently in his mind.

Although in charge of the Ministry of Finance, Villawang is no stranger to what happened in the foreign exchange market some time ago, and he has also stated in public on several occasions that he will never let the Thai baht depreciate. Although the attacks from international investors have been repelled in stages, Villawang believes that the situation facing the foreign exchange market is not too optimistic.

In the meantime, he and his aides are preparing a massive economic stimulus package that will include massive infrastructure development, tax cuts for small and medium-sized businesses, and cuts in government spending. He calculated that after the completion of this report, he would report it to the prime minister, hoping that it could be implemented as soon as possible, so that the Thai economy, which is currently in internal difficulties and external fatigue, can get out of the decline as soon as possible.

In the absence of monetary policy, we can only hope for an active fiscal policy. Villawang sighed, and was about to report the work he had recently prepared to Chavalit, when he saw that Chavali, who had not expressed his opinion for a long time, finally spoke: "An Lei, I have wronged you. ”

"......" Villawang was confused for a while, not understanding what Weishenme would say at this time. But after a few moments, he understood that Mr. Prime Minister was an acknowledgment of his hard work during this time. When he thought of this, he couldn't help but have some red circles in his eyes, and he almost burst into tears.

Yes, during this time, not only he personally, but also the entire cabinet government was under tremendous pressure. The more democratically elected a government is, the greater the pressure, especially given the economic miracle of sustained high growth in the previous administration.

He clearly misunderstood what Chawalit meant. And the prime minister on the other side was also stunned, thinking that Villawang was not in love, his face immediately became gloomy, and he said a little unhappily: "What, do you still have any nostalgia?" ”

Villawang was stunned for a moment, not understanding what Chawalit meant, he raised his head and looked at Chawalit blankly, waiting for the next step from Mr. Prime Minister.

"It's not an exaggeration to talk about your work performance with a big disappointment." Chawalit's cold voice echoed in his ears, "At the beginning of my tenure, I saw that you were a scholar and a core member of our party, which allowed you to enter my cabinet. Who knows that you are a piece of mud that can't hold up the wall, not only to make a mess of the original big haode economic situation, but also to attract international travel funds to the Thai baht continuous attack, in the final analysis, this is the problem of your ability, which has led to today's dilemma. If it weren't for the fact that you still have contribution, I would not have asked you to resign voluntarily, but would have chosen to fire you. ”

"What? Let me resign voluntarily? Villawang's face changed, he never thought that Chavali had asked him to come to let him go, and he was still ambitious and ready to do a big job, but he only felt as if a basin of cold water was poured on his head, making him fall into an ice cave.

"It's not a question of responsibility, it's a political prevarication. Specifically, in search of a scapegoat, unfortunately, I became a victim. Villawang quickly understood. He wasn't a stupid person in the first place, otherwise he wouldn't have sat in this position.

As soon as he thought of this, he was no longer like falling into an ice cave, but trembling with anger, and his palms clenched unconsciously.

For such an excited reaction, Chawari naturally saw it, and he was not worried about any excesses in Villawang, after all, this was the Prime Minister's Office. After extinguishing the cigarette in his hand, he stood up and said lightly: "That's it, announce it to the public as soon as possible." I still have a ......."

As he spoke, he walked out, not even giving Villawang a chance to say a word. It is clear that the abandonment of Villawang is inevitable.

Leaving alone in the office, Villawang could only feel like a dead heart, how could he have thought that Chavali, who had been discussing with him pleasantly about the current state of the domestic economy a few days ago, would abandon him so quickly, and also put him on the charge of the current situation.

But after thinking about it, he understood a little that the only people he could abandon in front of him were him and the governor of BOT, and BOT had just announced that he had successfully defended the baht, and it was obviously impossible to give up on him at this time, so he was the only choice.

Politics is really ......

Villawang couldn't think anymore.

……

Three hours later, Thailand's finance ministry held an emergency press conference, at which Finance Minister Vilawang, who had not shown any signs of it, announced his resignation.

As soon as the news came out, it immediately shook all parties. Fortunately, this news was released after the market was suspended, otherwise it would have caused a lot of volatility in the market. But it's clear to almost everyone that tomorrow the market will inevitably react to this. As for the content of the reaction, it is naturally in the direction of not haode.

For foreign investors, they are thinking more about whether the baht is really okay. After all, the finance minister has repeatedly declared that he will defend the value of the baht.

Thai baht, is it really kept? (To be continued......)

PS: Thank you so much for another tip that made me think about it!