Chapter 1201 - Thai Baht Free Floating

Everything is going on in an orderly manner.

On the 1st, the Chief Executive of the Hong Kong Special Administrative Region, the Chief Secretary for Administration, the Financial Secretary, the Commissioner of Police, the Commissioner of Customs and Excise, and the Commissioner of the ICAC were appointed one after another.

There were many concerts and lively celebrations that night, and when they recovered from the euphoria, people realized that the return was actually just like that.

Except for the police changing their uniforms, and the Bauhinia flags and five-star red flags hanging on the roadside, everything else is not much different from usual.

Merchants are open for business, and students continue to make up classes, continuing their normal lives.

On the evening of July 1, many wealthy people gathered for a rally, rejoicing that the people of Heung Kong were now the real stewards of the land, and that business would be easier in the future without the supervision of the British.

Han Xuan, his old man, and grandfather also went to the handover celebration and the party held by the local tycoons, and he clearly found that the people of Xiangjiang are really happy to return from the bottom of their hearts, but why it will become like that in the future is a question worth pondering......

Early in the morning of the second day, Han Xuan was woken up by the ringing of the phone before he got up.

It was Mr. Keynes Jr., who is now in Thailand, who called, and he said in an excited tone: "This morning, the Thai president announced that he would abandon the monetary policy of pegging to the dollar and allow the Thai baht to float freely!" ”

Han Xuan was completely sleepy when he heard the news, so happy that he wanted to laugh, and asked: "The Thai government has no foreign exchange reserves?!" ”

"No, the flight of international capital is more drastic than we imagined, and the borrowing policies of Singapore and Japan have not yet been passed, and Thailand's foreign exchange reserves have already been exhausted.

In total, we've sold nearly $7 billion of Thai baht these days, and with the exodus from Thailand, the total could be $20 billion, and Thailand doesn't have that much foreign exchange reserves.

At the beginning of the month, various Southeast Asian countries and Japan and other places also said that they would help Thailand, but there has been no such news in the newspapers in the past two days.

They know that Thailand is coming to an end, and that the central banks of various countries are trying to increase their foreign exchange reserves to cope with the next shock to their own countries.

If it were not for the absence of foreign exchange, the Thai government would not have been able to announce that it would have abandoned its original monetary policy, and it would now have nowhere to borrow money and would have to wait for death.

Little boss, from the beginning of the opening today, there is a long red line on the disk, the depreciation of the Thai baht is very fast, there are constantly people selling the Thai baht, the speed of foreign capital flight is accelerating, we are already making a lot of money, congratulations! ”

Congratulations indeed, when I said I would buy a sports car in a few seconds, there was an exaggeration in those words.

But if it is today, if the Thai baht has been depreciating, then Han Xuan can really buy a supercar in just a few seconds.

Since the Thai government announced the free float of the currency, the depreciation of the Thai baht has been a certainty, and now no one dares to eat the baht, and its credibility has been reduced to the extreme.

With the deepening of economic exchanges between various countries, the economic crisis no longer covers only one country, and when the financial crisis occurred in Mexico, it caused a large number of countries in South and Central America to plunge in stock indices, causing small turmoil.

So Mr. Keynes Jr. continued: "Do you think we should close our positions when the baht depreciates?"

Mr. Soros and they are trying to build short positions in Singapore and Malaysia, and we don't have much cash on hand right now, so we need to take some ...... out of Thailand."

Han Xuan's interstellar investment has a hedge fund department composed of a large number of economic experts, he only needs to grasp the general direction, and the rest will naturally be handled by someone according to his wishes.

So this time is quite comfortable, just make a phone call every day to discuss the latest trends.

Mr. Keynes's question made him feel a little distressed, although he clearly remembered that the depreciation of the Thai baht in his previous life was as high as more than 30 percent, but in this life, because of his own involvement, Han Xuan was not sure how much it would depreciate.

Got up and sat on the edge of the bed, dozed off for a while, and replied: "This issue will be discussed later, let's see the depreciation extent today, and if the depreciation is fast, delay the closing time a little later."

Remember to pay attention to the government's movements, and if there is any rebound trend, tell me immediately, and we will talk later, I need to call Mr. Soros first. ”

“OK。

I'm in the exchange today, I'm not going anywhere, I'll let you know when there's news......"

Not in a hurry to contact Soros, Han Xuan took a shower and got dressed, and then came to the balcony with a glass of milk to make a call.

When it was connected, the old man's voice was very happy, probably because another country had fallen under his attack, and said excitedly: "Good morning!

It's raining here in Thailand, it's really bad weather, we're going to have a party tonight to celebrate, would you like to come along? ”

"If I were you, I'd run away from Thailand and go back to Europe or the United States.

Over there in Thailand, there should be a lot of people who want your life to relieve their hatred now, I won't rush to Thailand at this time, Xiangjiang is very comfortable to live here. ”

"I'm not that stupid, I'm staying at the U.S. Embassy in Thailand, and I'll go home with the U.S. aircraft carrier group in a few days.

Say, what's the matter with me, you haven't contacted me for a long time, you won't call me to report the good news, right? ”

Old Soros was probably exercising in the morning, and his voice sounded a little out of breath.

"I would like to ask about the next arrangements in Singapore and Malaysia, and there is another thing that needs to be notified to you in advance.

In the original plan, there was an attack on Xiangjiang, right?

Now that it has returned, with $96 billion in foreign exchange reserves and 130 billion dollars in China, I have decided to withdraw from the attack on Xiangjiang. ”

Han Xuan said with a smile, in fact, he knew in his heart that Soros had no intention of shorting the Hong Kong dollar at all.

This old man has been through a hundred battles, how can he not see that Xiangjiang's foreign exchange reserves are too much, and there is no way to start with these people.

But Soros mentioned Xiangjiang repeatedly before, and he always felt that there was a conspiracy in it, which was a temptation to ask the old man what he wanted to do.

Soros said calmly: "Okay, whatever you want, I also don't think it's suitable to attack Xiangjiang."

But you can't be less in other places, your funds can help us a lot, this is a good opportunity to make a fortune, the cooperation has been very pleasant before, I like you. ”

That's right, but Han Xuan sensed that something was not right, because in his previous life, Xiangjiang did suffer heavy losses in this economic crisis.

After chatting for a while, I put down the phone and went to the old man's room after breakfast.

He was watching the news, and the host told the news of today's surge in the Hang Seng Index, saying that investors are optimistic about the local prospects after the return.

Suddenly, a thought exploded in Han Xuan's head!