God-level Trader of Rebirth

Chapter 23

"Aren't I afraid that you still 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 Xier blinked and asked.

"For the boss, is there a difference between going to work and leaving get off work?" Chen Weidong stared at the computer screen without looking back.

"Haha."

"It seems so."

Seeing Chen Weidong ignoring her, Li Xier asked again: "Is the financial crisis you mentioned true?"

"Believe it, or not." Chen Weidong said angrily when his thoughts were interrupted.

"My family has a lot of industries in Thailand. If I follow what you said, I must evacuate immediately."

"It's like this, get off work quickly, or I will really deduct your salary." Chen Weidong said a few perfunctory words, his face was already a little impatient.

"All right, all right, you're busy, then I'll go first."

Seeing that the situation was not good, Li Xi'er ran away quickly.

He even forgot to lock the door of his own office.

Until she left the Antlers Building, she still couldn't figure out why Chen Weidong always seemed a little impatient when talking to her. This was not the first time she had seen this situation.

Could it be that he is too ugly?
Chen Weidong didn't know that his unintentional act caused a certain girl to think wildly.

The "disgust" he showed towards women was purely a "habit" of many years.

In the original time and space.

Someone once told him that the relationship between men and women in the financial industry is nothing more than profit-driven, just a play on the spot.

At that time, Chen Weidong did not believe this sentence.

Later, he was involved in the investigation because he was suspected of manipulating stock prices.

When the court counted the properties under his name, he discovered that his wife had secretly transferred most of the properties and had successfully fled to Maple Leaf Country.

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

Especially beautiful women are even more dangerous in his eyes.

Think of that figure, think of the past.

Chen Weidong stayed up 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, really not used to it.

Ever since third uncle went to engage in real estate, he didn't even have anyone to talk to.

I heard that he has set up a real estate company with Mr. Huo.

It's called "Hengtai", and the momentum is very strong. It has won several pieces of land one after another, and 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, he still felt a little tired.

"Accountant Li! Where is he? Make me a cup of coffee!"

"Okay, got it."

There was an answer from outside the office.

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

Chen Weidong took a sip, saw that her face seemed haggard, and said earnestly, "Young man, don't stay up late, it's not good for your health."

"Oh." Li Xi'er responded casually.

Chen Weidong thought for a while, and then said: "Go and look at the list, find out if there are any suitable candidates, and then recruit some traders."

Thinking of what to do next, Chen Weidong felt that the company's manpower is too small now, and it should be a lot easier if it can recruit a few excellent seedlings.

After handing over this matter to Li Xier, Chen Weidong concentrated on studying the Thai stock market.

In March this year, the first ASEM summit was held in Bangkok.

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

Thailand, as the host, is even more joyful, and Bangkok's international reputation will undoubtedly spread far and wide with this conference.

The fly in the ointment is that the Thai stock market just suffered another round of sharp drop last month, which has cast a little shadow on the mood of the local people.

In fact, the stock market has already started to fall since July last year. Seeing that it is about to recover the lost ground in February, the stock index turned around and then went down again.

However, Thailand's economy has been developing rapidly for many years, and the people have become accustomed to growth and still have confidence in the future.

It is now early October 1996, and the Bangkok-Thai Stock Exchange Index is still at a "high level" of 10 points.

According to Chen Weidong's memory, the Thai Stock Exchange Index will plummet all the way, and it will only take about six months to drop from 1100 points to 240 points.

It shrinks several times directly, which is very scary.

There hasn't been any strong rebound during this period.

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

In the late 80s, after the "Plaza Accord", the yen appreciated sharply against the dollar.

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

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

After a substantial appreciation, it becomes 1:10.

Due to foreign investment, it must be exchanged into the local currency of the invested country to buy raw materials and pay workers' wages.

Then 1 yen, locally, has changed from 5 yuan to 10 yuan.

Therefore, after the appreciation of the yen, foreign investment is very cost-effective.

In this way, RB companies began to urgently invest in foreign countries and transfer industries.

Southeast Asia is RB's preferred investment destination.

These countries are very close to RB and have sufficient and cheap labor force.

Not only that, these countries also urgently need to introduce foreign capital to develop their own economies.

To this end, they have adopted many measures to attract investment, canceled many restrictions on foreign investment, and liberalized the domestic financial market, so that foreign capital can freely enter and exit without restriction.

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

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

Thailand is also the most prominent country among them. From 1990 to 1995, Thailand's average annual GDP growth rate remained at a high level of 8%-11.

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

After the "Plaza Agreement", RB adopted a loose 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, Thailand has adopted a policy of high interest rates in order to prevent inflation due to the influx of a large amount of money.

In the early 90s, the annual interest rate exceeded 10%.

In this way, there is a huge interest rate difference between RB and Thailand.

Because Thailand's financial market has been completely liberalized, capital flow is not restricted.

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 the account.

Then, you can make money while lying down.

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

However, the purpose of the money is not to invest in the real economy, but to leave after making a fortune in the financial market.

With the influx of a large amount of hot money, the Bank of Thailand has plenty of money, and there is simply too much money to spend.

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

As a result, under the impetuous atmosphere of superficial prosperity, countless enterprises began to borrow money blindly to expand investment and production.

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

The consequence of this is that the prices of many assets have been continuously pushed up, and the bubble has also become bigger and bigger.

In April 1995, when the exchange rate of the yen to the US dollar reached a peak of 4:80, the yen began to continue to pull back and depreciate continuously.

In 1997, it was even depreciated to 130 yen before it could be converted into 1 dollar.

Appreciation is conducive to foreign investment, and depreciation means that withdrawal is beneficial.

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

The withdrawal of funds accounted for 10% of the GDP of these economies during 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 figure.

(End of this chapter)