My 1982

After Li Zhongxin sent a few students in the bedroom, they were quiet and graduated that some questions he needed in 1997.

Li Zhongxin is clear, Jiudi is a critical year, in this year, if he can operate, it will make the country's strength to last step.

What is the such thing? Other countries experience the economic crisis, experience the big recession, then China will rise because of this crisis, the financial crisis in Asia is the crisis in Asia, but the opportunity in the crisis is a lot, and China should use this. A chance, is also a problem that is worthy of his consideration.

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Li Zhongxin combined with the memory of the later generations, made this time the causal relationship of the economic crisis, most of which is also the data and information given to him in Santa Yadians and villages.

Li Zhongxin is very clear. Since 1991, the Japanese economy has begun to recession, because domestic land costs, labor costs are getting higher and higher, plus almost all raw materials are relying on imports, so Japanese entrepreneurs began to open factories abroad, industries Start transfer, in which Indonesia, Malaysia, Thailand and the Philippines have been undertaken, so these national economic growth is very fast. However, most of these countries undertake labor-intensive, consumable resources, and severely polluted low-end industries, which makes their economy in the face of crisis, there is no good resistance.

In the development of the economy, Southeast Asian countries need a lot of funds, so the market's craving of funds continues to raise interest rates, leading to a large number of foreign capital to enter into these national arms, from the early 1990s of $ 50 billion in the early 1990s to grow to 96 years of $ 120 billion.

In this, the faith Sanjing Bank also conducted a lot of loans outwards, but the loyalty Sanjing Bank was released in this area, and the loan of the asset mortgage was released. Basically, it is a kind of disorder between banks. It is the kind of interest rate.

In another aspect, Southeast Asian countries are also continuously issuing currencies to cope with market demand for funds, which will inevitably result in skyrocketing of asset prices, especially property market prices.

Because many of these two channels have entered the real estate sector, the proportion of loans of real estate countries exceed 20% of the total funds, including 30% of Thailand, Malaysia accounted for 28%. A large number of construction finally allowed the house to be seriously available, Thailand's vacancy rate reached 20%? The Philippine vacancy rate reached 15%.

Under the continuous improvement of market interest rates? Still debt pressure is increasing? Some real estate companies with some fund strength began to bankrupt, there are many homes and can't sell, while the loans of residents will not be returned, and there is a lot of banks. Raise.

At the same time, the liability rate of the company and the residents increases, the Thai government's debt rate is also increased? In 1996, the debt reached $ 93 billion? Among them, the short-term liability reached $ 47.7 billion? But at the same time, the national foreign exchange reserves of the bonds were only 372. Billion dollars, capital is not worthy of debt.

In 1996, in order to appreciate to domestic economic cooling, this has two problems to Thailand: First, domestic funds began to stream? Because the dollar interest is high in Thailand, there is no arbitrage space. In order to prevent wealth, the Thai government can only follow the US dollar, that is, the exchange rate is rising, and the two Thailand has been a low-end industry. Therefore, the exchange rate is affected. Export products have lost competitiveness? Thailand's exports from 95 years 22.5% fell to 0.1%. The decline in export products has caused trade deficit? The import is more imported, the deficit value reaches 8% of GDP. In this way, the foreign exchange reserves of Thailand have rely on trade surplus, but the trade deficit will not bring foreign exchange reserves, at the same time Exports are still constantly consuming dollar reserves.

This means that Thailand has no money, business, or the government, will have debt default, especially the government, because they have only more than $ 3 million foreign exchange reserves, but there are more than $ 41 billion.

This is the internal and external environment facing Thailand, the real estate is excessive, the debt crisis broke out, the bad account of financial institutions has grown sharply, and the exports are continuously reduced, and the foreign exchange reserves are constantly consumed.

Li Zhongxin is clear and very clear, because such a situation, under the simultaneous attack, Thailand economy faces collapse.

The international financial speculators have always had a keen sense of smell. Once they find unsustainable asset price foam, they will sell the assets or currencies of the empty valuation to make them depreciate, and they will be profitable. If the market panic emotions and investors have triggered a "flock effect", their firepower is enough to form a violent impact on the attacked object.

Soros and his "Quantum Fund" is an important representative of hedge funds. In September 1992, he was ahead of the war, and he was called the Bank of England. Since then, the fixed exchange rate has also become an attack target that is favored by hedge funds.

Li Zhongxin has a high degree of understanding of these financial speculators in Soros, after all, he is also one of them, but Li Zhongxin has always been a financial speculatory home belonging to the type of crocodile, always hidden in the depths of the water, just in the most critical time I took my head to bite a big mouth, and then disappeared.

It is precisely because of such a reason, the loyalty Sanjing Bank is even if it is speculation in the international market, and the oil and other financial types are in the international market. At this time, it is not found to be discovered by various countries. The country is targeted.

Under normal circumstances, various countries are also some problems with loyalty Sanjing Bank, but the assets of the Sanjing Bank are so cow, basically all the quality assets, and most of the assets have a certain way to go to the dragon, basically It is a direct exchange with central banks of various countries and large banks.

In the terminology in the market, the loyalty Sanjing Bank is a cash cow. In addition to money, it is much more money, when will I need money, I can take the money.

At the beginning, people think this faith Sanjing Bank is a branch of the three shaft banks, and many times the three well banks give this bank station, but after cooperation, they found that this loyal Sanjing Bank and Japan's large three well banks are not One bank is separated, there is no dependency.

Various countries are also understanding and investigating a large bank between this suddenly coming out, but the communication or other aspects are quite regular, and it can only be said that the luck of the Zhongxiao Bank is good. The trading of three well bank assets is to force, because their assets can be found in the context.