Hello, I'm He Yuzhu

Chapter 236 Sniping the Thai Baht (Subscribe)

Soon, Lou Xiaoe, Ran Qiuye and He Yuzhu raised 230 billion US dollars.

He Yuzhu was not in a hurry to act. He was waiting for the incident to cool down, until everyone's focus was no longer on him raising funds, and waiting for the public to gradually forget about him.

A few months later, He Yuzhu went to Hong Kong in a low-key manner.

He Yuzhu met He Xiao's son He Zhiyuan and Bajin's son He Zhichao.

I also met He Xiao, who has been procrastinating the wedding.

"Smile, what on earth are you planning?"

"Dad, it's not that Wu Qifeng has some things to deal with!"

He Yuzhu had nothing to do with her, so he stopped caring about her, and went to talk to a few old people on purpose.

Several old people unanimously decided to return to the mainland together when their children and great-grandchildren are a little older.

He Yuzhu rested in the hilltop villa for a few days. At the same time, he arranged for someone to register an investment company. By the way, he also met Zheng Haiquan, a Chinese executive from HSBC.

The place where they met was extremely secret, no one paid attention, and no one knew what the two of them talked about. He Yuzhu chatted with Zheng Haiquan for a whole day.

The next day, Zheng Haiquan followed He Yuzhu's instructions and organized a small team of investment elites. After seeing He Yuzhu, these people first signed a non-disclosure agreement.

Afterwards, He Yuzhu spoke out about his purpose.

Several people in the room were terrified by He Yuzhu's plan, and even more shocked by the shocking skill of using more than 200 billion U.S. dollars to snipe the Thai baht, they were so shocked that they couldn't speak.

"Since you all signed the non-disclosure agreement, no matter whether you participated in this operation or not, you can't leak it out, otherwise!"

He Yuzhu didn't go on with the next words, but the meaning was self-evident.

The few bodyguards that He Yuzhu brought were all from the mainland, they were all tested and loyal to him, even devoted to him. The task of these people over the years was to protect his family.

Each of these people leaked the matching guns around their waists to warn and deter these so-called investment elites.

He Yuzhu still knows the reason for slapping a sweet date.

"Of course, I won't treat you badly. Each of you will get a commission of no less than seven figures. If I am satisfied, even eight figures are not impossible!"

"Okay, now the decision is up to you!"

When these people heard seven-figure or eight-figure commissions, their hearts began to pound violently.

"Mr. He, I am willing to listen to your command!"

"Mr. He, count me in!"

"Mr. He, I'm joining too..."

Each one expressed their attitude.

From the moment these people agreed, He Yuzhu's actions had already begun.

His first order was that these people, accompanied by bodyguards, go to Thailand to wait for his next order.

When these people boarded the private jet that He Yuzhu paid for them, He Yuzhu returned to the villa and ordered the servants not to disturb him, and not to disturb him when eating without his permission.

After these people arrived in Thailand, each was accompanied by at least two bodyguards.Whether it is staying in a hotel, eating, or going to the toilet, he will never leave his side.

"Jingle Bell······"

the phone is ringing.

"Hey!"

"Mr. He, we have arrived in Thailand and have checked into the hotel!"

"The next step is to go to HSBC in Thailand to issue a certificate of assets, and take the asset certificate of the investment company to the Agricultural Bank of Thailand, Bangkok Bank, Thai King Bank, City Bank..."

"Go to all Thai banks and borrow baht!"

After receiving the instructions, these people took action non-stop. They went to HSBC Bank in Thailand to issue more than 200 billion asset certificates, wandered around major banks in Thailand, and even foreign banks, and began to borrow Thai baht.

With the proof of HSBC's funds, shell investment companies can easily borrow a large amount of Thai baht.

He Yuzhu spent every day in torment.

A few days later, these people borrowed all the banks in Thailand, borrowing a total of 5000 billion baht.

He Yuzhu felt that it was not enough, so he started to proceed to the next step. He asked these people to go to HSBC to take the checks in US dollars and continue to buy Thai baht with different banks according to the exchange rate.

When the baht in the account reached trillions, the purchase of baht was stopped.

Next, He Yuzhu took a very critical step, shorting the Thai baht.

After establishing a short selling position, He Yuzhu gave the latest instructions.

Started to launch an attack on the long-coveted Southeast Asian financial market. The investment elite team not only exchanged large amounts of US dollars by themselves, but also hired local people to help them exchange them together. What they wanted was to cause a panic of a run on the public.

At the beginning, the Thai baht was sold aggressively for the US dollar. The crazy run caused panic among the people, and the Thai baht exchange rate plummeted.

Four days later, the baht fell to a 10-year low of 1 per dollar.

This action has aroused the attention of Soros, who is preparing to lay out the Thai baht in advance.

Soros: "Jones, who launched the attack on the baht?"

Jones: "Soros, I think there are people with your genius who also noticed the baht market."

Soros: "Who? Who the hell?"

Soros was very angry at being eaten by a tiger, roaring like a lion with a lot of hair.

Jones: "Soros please put away your anger, my brother please keep your sanity..."

Immediately afterwards, He Yuzhu commanded to continue to sell a large number of Thai baht, and at the same time shorted the Thai baht foreign exchange futures, and sang short of the Thai baht in the market, which caused a panic of withdrawal. The sold Thai baht futures and the bought US dollars formed a hedge.

He Yuzhu's behavior attracted countless speculators, and this move caused investors to follow suit. They all wanted to get a share of this feast, and countless began to borrow Thai baht from the Bank of Thailand to exchange for US dollars to earn profits.

Finally, the Bank of Thailand paid attention to it, began to intervene in the market, counterattacked, and used about 120 billion US dollars to absorb Thai baht. On the one hand, local banks were prohibited from lending Thai baht to offshore speculators, and domestic banks were strictly prohibited from lending Thai baht to international speculators. The overnight lending rate was greatly increased. .

On the other hand, the interest rate has been greatly increased, and the three-pronged approach has kept the Thai baht exchange rate temporarily stable.

At the same time, the monetary authorities of Singapore, Hong Kong and Malaysia intervened in the spot market and spent US$100 billion to buy Thai baht.

But it was too late, and the Thai baht had already fallen into the trap set by He Yuzhu and international speculators.

He Yuzhu took the opportunity to exchange a large sum of US dollars.

Countless speculators and investors around the world are paying attention to the market of the Thai baht, or this economic battle.

He Yuzhu, who was hiding behind the scenes, also stopped his actions. He was waiting, waiting for a large amount of funds to flow out of Thailand.

Wait, and finally give Thailand a fatal blow.

When a large amount of funds flowed out of Thailand and countless investors left Thailand, He Yuzhu felt that the baht could no longer hold up.

He Yuzhu finally started to take the final step. He wanted to crush the Thai baht at once, and it was also for speculators with hot money from various countries. He wanted these sharks who smelled blood to join him in launching the final onslaught on the Thai baht.

He Yuzhu once again launched a fatal attack on the Thai baht. The hundreds of billions of Thai baht in his hand began to be exchanged for Thai baht. After all the hundreds of billions of baht in his hand were exchanged, countless hot money speculators followed him and started to make a final pounce on the Thai baht. kill.

At the same time, spreading the news that Thailand was at the end of its rope, some foreign banks began to advertise in newspapers, saying that they could help investors remit foreign exchange out of Thailand, and domestic traders in Thailand also began to make arrangements to expedite the conversion of Thai baht into US dollars, which accelerated Thailand’s economic development. Consumption of foreign exchange reserves.

The Thai government has always insisted on a fixed exchange rate, but there is no better way to fight back against international speculators. After several rounds of confrontation, Thailand's foreign exchange reserves have been exhausted.

The Bank of Thailand had to retreat, because the only foreign exchange reserves of more than 300 billion U.S. dollars were almost exhausted at this time.

In order to avoid causing more panic, the Prime Minister of Thailand assured the outside world on TV that the baht will not depreciate, and we will let those speculators lose their money.

However, two days later, the Bank of Thailand was forced to announce the abandonment of the fixed exchange rate system and the implementation of a floating exchange rate system.The Thai baht tumbled 20% on the day.

Bank of Thailand Governor Luncha Malaga then announced his resignation.

Five days later, the Bank of Thailand decided to close 42 financial institutions and the baht collapsed.

Thailand's foreign exchange reserves were reduced to 20 billion U.S. dollars, and its ability to intervene was almost exhausted. It completely lost its ability to resist, so it had to announce the abandonment of the fixed exchange rate, and the Thai baht plummeted.

When the Thai government abandoned the fixed exchange rate system, the Thai baht depreciated sharply, reaching 1:50. He Yuzhu used 100 billion U.S. dollars to repay the Thai baht that was originally borrowed.

In this operation, He Yuzhu used the exchange rate to transfer more than 100 billion U.S. dollars from Thailand.

It's very simple.

Assumption: 250 billion baht is lent.

Sell ​​the loaned baht in the foreign exchange spot market and buy US dollars.

Assumption: The exchange rate is about 1:25 to buy 10 billion US dollars.

At the same time, short-sell Thai baht foreign exchange futures, and short-sell the Thai baht in the market, triggering the panic of divestment, and the sold Thai baht futures form a hedge with the bought US dollars.

When the Thai government abandons the fixed exchange rate system and the Thai baht depreciates sharply, reaching 1:50, 10 million of the 5 billion US dollars will be converted into 250 billion baht and returned to the Bank of Thailand.

With 5 million U.S. dollars left in his hand, why is Yuzhu's net profit.

(End of this chapter)