Chapter 23 Go out to sea to fish

"Am I not afraid that you have something to call me?" Li Xi'er blushed and explained with some embarrassment.

"Hurry up and get off work, it's past ten o'clock, what else can I do, and there is no overtime pay." Chen Weidong gave her a blank look and went straight back to the computer, ready to think about the next plan.

"Then you're not off work?"

Li Xi'er blinked and asked.

"Is there a difference between going to work and leaving work for the boss?" Chen Weidong stared at the computer screen and said without looking back.

"Haha."

"I think so."

......

Seeing that Chen Weidong ignored himself, Li Xier asked again: "Is the financial crisis you said true?" ”

"There is faith, and there is none." His thoughts were interrupted, and Chen Weidong said angrily.

"My family has a lot of industries in Thailand, if you follow what you said, then you must evacuate quickly."

"That's right, you should get off work quickly, otherwise I will really deduct your salary." Chen Weidong said a few perfunctory words, and his face was already a little impatient.

"Okay, okay, you're busy, then I'll go first."

Li Xi'er saw that the situation was not good, so she hurriedly ran away.

I forgot to lock the door of my office.

Until she got out of the Antlers Mansion, she still couldn't understand why Chen Weidong always looked a little impatient when talking to her, and this situation was not the first time she had seen it.

Could it be that you are too ugly?

......

Chen Weidong didn't know that his unintentional actions caused a certain girl to be cranky.

The "disgust" he reveals for women is purely just a "habit" for many years.

In the original time and space.

Someone once told him that the relationship between men and women in the financial industry is just driven by interests and just a show.

At that time, Chen Weidong was a young man and did not believe in this sentence.

Later, he was involved in the investigation on suspicion of manipulating stock prices.

When the court counted the property in his name, he found out that his wife had already secretly transferred most of the property and successfully escaped to the Maple Leaf Country.

Since then, Chen Weidong has always been vigilant and precautionary about women, and he doesn't want to say a word to them.

Especially beautiful women, in his eyes, it is very dangerous.

Thinking of that figure, thinking of the past.

Chen Weidong stayed awake all night.

......

The next morning.

The exterior glass of the building next door reflects sunlight into the office.

Chen Weidong woke up from the sofa in a daze, and he was really not used to it.

Since the third uncle went to engage in real estate, he has not even had anyone to talk to.

I heard that he is now with the man named Mr. Huo, and has set up a real estate company.

What is the name of "Hengtai", the momentum is very strong, and it has won several pieces of land one after another, and it has made a lot of reputation in the real estate industry in a short time.

Chen Weidong looked at the time, it was already past nine o'clock, sitting in front of the computer, still feeling a little tired.

"Accountant Li! What about people? Brew me a cup of coffee! ”

"Okay, got it......"

An answer was heard outside the office.

After a while, Li Xi'er walked into the office with coffee.

Chen Weidong took a sip, caught a glimpse of her face and seemed a little haggard, and said earnestly: "Young man, don't stay up late, it's not good for your health." ”

"Uh-oh." Li Xi'er replied casually.

Chen Weidong thought for a while, and then said: "You go and look at the list, find out if there are any suitable candidates, and recruit a few more traders to come in." ”

Thinking of what to do next, Chen Weidong felt that the company's manpower was too small now, and it should be much easier if he could recruit a few excellent seedlings to come in.

After handing over the matter to Li Xi'er, Chen Weidong concentrated on studying the Thai stock market.

In March this year, the first Asia-Europe Summit was held in Bangkok.

The people inside and outside the venue were talking loudly, and ASEAN's goal as an important pole of the international community seemed to be getting closer and closer.

Thailand is even more jubilant as the host, and Bangkok's international prestige will undoubtedly spread far and wide with this meeting.

On the fly in the ointment, Thailand's stock market suffered another sharp drop last month, which cast a slight shadow over the mood of the locals.

In fact, the stock market has been falling since July last year, and it is about to recover losses in February, but the stock index has turned around and gone down again.

However, Thailand's economy has been growing at a rapid pace for many years, and the people have become accustomed to growth and remain confident in the future.

It was the beginning of October 1996, and the Bangkok Thai Stock Exchange Index was still at a "high" of 1,100 points.

According to Chen Weidong's memory, the Thai Stock Exchange Index will fall all the way down, and it will only take about six months to fall from 1,100 points to 240 points.

It has shrunk several times directly, which is very terrifying.

There was no strong rebound during this period.

The root cause of all this is that Thailand's financial and real economy have begun to diverge significantly.

At the end of the eighties, after the Plaza Accord, the yen appreciated sharply against the dollar.

Although the appreciation of the yen is not conducive to exports, it is a great benefit for foreign investment.

For example, in the past, the ratio of the yen to the local currency was 1:5.

After a large appreciation, it becomes 1:10.

As a result of foreign investment, it is necessary to exchange it into the local currency of the country in which it is invested, to buy raw materials and pay workers' wages.

Then 1 yen, in the local area, has changed from 5 yuan to 10 yuan.

Therefore, after the yen appreciates, it is very cost-effective to invest abroad.

In this way, RB enterprises began to urgently invest abroad and transfer industries.

Southeast Asia is RB's preferred investment destination.

These countries, close to RB, have an abundant, cheap labor force.

Not only that, but these countries also urgently need to bring in foreign investment to develop their own economies.

To this end, they have adopted many measures to attract investment, abolished many restrictions on foreign investment, and opened up the domestic financial market, so that foreign capital can enter and exit freely at will, without restrictions.

Among them, Thailand is the country with the most thorough opening of the financial market.

Driven by a large amount of foreign investment, many Southeast Asian countries have achieved rapid economic growth with a large number of exports as the driving force.

Thailand is also the most prominent of these countries, with an average annual GDP growth rate of 8%-11 between 1990 and 1995.

However, with the boom in investment in the real economy, speculation in financial markets has flourished, driven by greed and profit-seeking.

After the Plaza Accord, the RB adopted an accommodative monetary policy with low interest rates in order to curb the excessive appreciation of the yen.

At its lowest, the interest rate was less than 1%.

On the contrary, due to the influx of large amounts of money, Thailand has adopted a policy of high interest rates to prevent inflation.

In the early nineties, the annual interest rate was more than 10%.

In this way, between RB and Thailand, a huge interest rate differential is created.

This is because Thailand's financial markets have been fully liberalized and there are no restrictions on capital flows.

At this time, if you borrow a sum of yen from RB, remit it to Thailand, exchange it into Thai baht, and deposit it into your account.

Well, you can make money lying down.

As a result, a large amount of financial capital poured into Thailand.

However, the purpose of this money is not to invest in the real economy, but to make a profit in the financial market and leave.

The influx of a large amount of hot money has led to the fact that Thai banks have money, which is simply too much to spend.

At this time, if there is a business that wants to take out a loan, it is very easy.

As a result, in the impetuous atmosphere of superficial prosperity, countless enterprises began to blindly take out loans and expand investment and production.

More people go to the bank for loans and invest the money in real estate, stocks and various financial products.

As a result, the prices of many assets have been pushed up, and the bubble has grown.

In April 1995, when the yen reached a peak of 80:1 against the dollar, the yen began to continue to retrace and depreciate.

In 1997, it had depreciated to 130 yen to 1 dollar.

Appreciation is good for foreign investment, and depreciation means good for divestment.

As a result, RB began to withdraw heavily from eight economies in Southeast Asia.

The withdrawn funds accounted for 10% of the GDP of these economies over the same period.

The withdrawal of a large amount of foreign capital will undoubtedly have a huge impact on the economy.

At the same time, everything that happened quietly was seen by a mysterious person.