Rebirth of the Official Business Route

After a short stop in Central, Zhang Ke and the others took the ferry to the Peninsula Hotel. Ye Jianbin and Nick Leeson had stayed at the Peninsula Hotel for two months.

At the beginning of August, the Indonesian government gave up resistance, and the Indonesian rupiah fell sharply. They had another gourmet meal. With a short position of 500 billion rupiah, under the calm command of Nick Leeson, this time they gained another 50 million US dollars. Futile.

Zhang Ke's room in the Peninsula Hotel is still reserved. They rushed there. Sun Shangyi and Ge Mingde have been waiting there for a while. With Nick Leeson, it is also rare for the five partners to show up together at the Peninsula Hotel. Fastest update of novel chapters

Zhang Ke opened the door and entered. Sun Shangyi, Ge Mingde, and Nick Lisen all stood up. Zhang Ke couldn't afford it. He pointed to the ice drink in front of everyone on Muji, smiled and said, "You all have drinks..." Walking to the back of the bar, I took out two bottles of Carlsberg from the freezer and handed Ye Jianbin a bottle before coming over to sit down, "I heard that the weather in Hong Kong will be good these days. Last summer, it didn't rain for a few days..."

"Talk about the weather?" Ge Mingde said with a smile, "Then let's talk about the weather..." he handed the folder in front of him to Zhang Ke. ."

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Zhang Ke smiled and said: "I was thinking about going to the beach to swim, planning on the plane... I'll be chatting with you for a while, and I'll leave later."

Ye Jianbin smiled, did not expect Zhang Ke to stay at the Peninsula Hotel at night, Xu Si returned to Hong Kong the day before yesterday. The records in the folder are kept confidential and will not be used to make money in the hotel room-secret speculation in Thai Baht and Indonesian Rupiah to make profits. Although everything is in line with the game plan, this record is leaked to the Thai and Indonesian authorities, and it is a copy. Bad historical record-but some content, I heard Ye Jianbin introduced in the car, many things did not hide Du Fei. However, the formal integrity, for the sake of respect, did not involve Du Fei.

Zhang Ke took the folder and flipped through it casually, and he was considered to have read it.

"Well, I'm here to listen to your opinions. I will study hard..." Zhang Qie's folder was placed on the wooden table.

Except for Nick Leeson, everyone else tends to listen to Zhang Ke's opinions. He cherishes words like gold, and still wants others to shed some light on it. Sun Shangyi shook his head and smiled, and said, "Then ask Nick to introduce..."

"Speak Chinese or English?" Nick Leeson asked.

I have to admit that Nick Leeson's Mandarin level has improved rapidly in a short period of time, but Zhang Ke has not heard of the term "Chinese". The tone is still a bit strange.

Zhang Ke said, "You should speak in your native language..." Ye Jianbin complained as soon as he was in the car. In order to learn Chinese, Nick Leeson insisted on using Chinese to talk and tortured him for two or three months. In addition to work honesty, Ye Jianbin fined him one hundred dollars for every word of English spoken in private.

"Then I will speak in Chinese," Nick Leeson introduced the current financial turmoil in Mandarin with his weird tone. "The fat and fleshy bones of the Asian four filial piety have almost been gnawed away with only some scum. It can't arouse the interest of financial giants, those small countries. Even the scum is not left, but the periphery is swarming. The scale of hot money is getting bigger and bigger, I'm afraid that no one can stop the spread of the financial turmoil; in Asia, there are only two giant dragons, half a giant dragon and four little dragons left to prey on the fertile ground..."

The two giant dragons probably refer to China and Japan, and the half giant dragon? Zhang Ke glanced at Ye Jianbin suspiciously, and Ye Jianbin explained: "India..."

Oh, India. Can India count as half a dragon?

India's foreign exchange reserves are not high. However, their foreign debt levels are lower, which is also a key factor for India to avoid a direct impact during the 1997 financial turmoil; the amount of Indian ruble currency that European and American investment banks can provide for speculative transactions is very small. There is so much competition for funds. Although it is clear that the Indian ruble will depreciate significantly in the next year, it cannot establish a short position in the Indian ruble, and there is no secret channel for laundering money into financial markets such as securities and futures in the Indian mainland. Short positions are all in vain.

At this time, local Indian banks will even lend Indian rubles to local Indian companies, not to mention foreign-funded companies and unknown sources of mortgage dollars.

The Donghai Provincial Government under the auspices of Xu Xueping, together with large state-owned enterprises in the province, the Department of Transportation, and the Xiangxuehai, Xinguang Paper and other enterprise consortiums, planned nearly a year in advance and loaned nearly 2 billion to Japanese financial institutions. The dollar-equivalent yen behavior can be called a big short position for financial speculation in the true sense.

This unsecured government credit loan will make a huge profit of eight to one billion U.S. dollars at a time, which is enough for several high roads in the East Sea Lions, and it can also stimulate demand in the province; I just don’t know how many will fall into the pockets of individuals. There is no alternative.

The depreciation of the yen is also the general trend, and Zhang Ke seems to be able to hear the miserable howls of the Japanese banks that provide loans in the near future.

Of course, even if Xu Xueping leaves the East China Sea, the Donghai Provincial Government will not admit that they have speculative intentions.

Zhang Ke nodded and listened to Nick Leeson's introduction.

Following the huge scale of hot money to hunt for the currency of a small country, there is only some meat and bones left in the mouth.

After the Southeast Asian financial turmoil raged, not only Asian governments have formulated policies to restrict speculative foreign exchange transactions against their currencies, but European and American countries have also become vigilant. This restriction is widespread. Even Aida's financial department in the name of legitimate export of electronic products is subject to great restrictions on foreign exchange hedging transactions, and has to bear most of the exchange rate losses.

It is difficult for large-scale hot money to open a large number of foreign exchange short positions in the foreign exchange market. During the buffer period of the financial turmoil, more speculations are born in the foreign exchange spot market.

Zhang Ke and their $140 million additional hedge fund opened positions in Thai baht and Indonesian rupiah nearly a month in advance, and took advantage of the core impact of the first financial turmoil, accumulating nearly 110 million U.S. dollars in floating profits; however, 7 After the Thai baht was closed on the 20th, the balance of funds in multiple accounts was as high as 160 million U.S. dollars, following the international hot money force to continue to attack the currency systems of Southeast Asian countries. In the past month, the gains were less than 20 million U.S. dollars.

From this point, we know that speculation is embarrassing after severe restrictions on foreign exchange speculative trading and the influx of larger-scale hot money.

On the one hand, governments of various countries restrict speculative transactions in their currencies. On the other hand, the scale of short-selling hot money gathered in Asian financial markets is getting larger and larger, and the trading opportunities for hunting for floating profits are further diluted.

Of course, in a month's time, 20 million US dollars in extra profit. It is also a pretty good gain.

According to the information Zhang Ke learned, during the Asian financial turmoil for more than a year, the profit ratio of the vast majority of hedge funds only fluctuated between 30% and 70%. Financial giants with a large amount of funds for secretly building positions, they have a variety of channels to the internal financial markets of various countries. However, compared with the scale of their capital mobilization, the proportion of floating profits is not high.

The financial turmoil will spread further. At this time, we can correctly judge the next attack direction of the financial turmoil, and we can follow the pace of financial giants and obtain greater profit opportunities while other foreign capital is hunting aimlessly. .

Excluding India, the land of Asia. Quite plump prey remained. It is two giant dragons and four little dragons.

Speaking of it, the scale of the mainland's foreign trade in 1997 was only comparable to that of South Korea. However, the mainland financial market has only opened a very small gap to the outside world. They want to get in through various money laundering methods. There will be no climate in two or three years. Even if the renminbi actively depreciates, financial giants will not have a chance to make a profit. .

Southeast Asia is Japan's largest capital export destination, and Southeast Asia has experienced a financial turmoil. It is bound to drag Japan into an economic recession. During this period of time, the Japanese financial market was turbulent, but the Japanese economy was so large and the US dollar foreign exchange reserves occupied the world. Could the yen be the prey of financial giants?

That leaves the four Asian tigers such as Singapore, Taiwan, Hong Kong, and South Korea. The economies of scale are moderate. The foreign exchange reserves are not very large, but they are also enough to seduce people's mouthfuls. Moreover, the four Asian tigers are dependent on the Southeast Asian region's economy. They are all very high, and Southeast Asia is experiencing a financial turmoil, and they can't stay out of it.

"Singapore, Taiwan, Hong Kong or South Korea?" Nicholson said in his weird Mandarin. "Hong Kong had a great opportunity before..."

"No need to think about Hong Kong," Zhang Ke said bluntly. "Since it has been so long and there are some things, we don't want to hide it from you anymore. The four of us have a deep relationship with Aida Electronics..."

"Huh?" It was with the help of Nick Leeson that Ye Jianbin smoothly laundered the huge sum of one billion Hong Kong dollars into the multiple secret accounts opened in the Cayman Islands. Even if Nixon was slow, he knew that these funds came from Those who transferred out of Hong Kong, Ye Jianbin, Sun Shangyi, and others all have firm confidence in the short market outlook. If they really want to short the Hong Kong financial market, this money can be used to establish a short position on the Hong Kong Hang Seng Index, but they don’t know that they are Aida Electronics has a very close relationship and said in surprise, "You did something that irritated those financial giants!"

"No matter from a righteous or private standpoint, we cannot short the Hong Kong financial market," Zhang Ke said with a smile. "Well, we also admitted that we did something that irritated those financial giants. As for hot money. Without borders, this is a false statement in itself..."

Hong Kong’s foreign exchange reserves are as high as US$80 billion, and over the years, Hong Kong’s main capital export destination has long shifted from Southeast Asia to the Mainland, and the economic growth momentum of the Mainland shows no signs of recession. It is unrealistic to completely break the Hong Kong dollar’s ​​linked exchange system; Nick Leeson said that the most annoying thing for financial giants is the active ebb of Hong Kong's Hang Seng Index in the past month.

The Hang Seng Index's active ebb tide started with the collective warning of red chips originated from the announcement of the performance warning by Aida Electronics on July 11. In just over a month, the financial giants lost an excellent target for attack.

Anyone with a discerning eye can see that this is because the central government has been wary of the Southeast Asian financial turmoil. Of course, Nick Leeson can also see the faint shadow of the central government behind Ye Jianbin, Zhang Ke and others at this time.

"How can hot money have no borders?" Nick Lisen smiled. UU reading www.uukanshu.com is a simple truth. He also knows that huge capital is bound to entangle the complicated political background. Of course, these people are I won’t go too deeply into investigating the funder’s financial background. “The Hang Seng Index has taken the initiative to retreat to the level of mid-96, and it is no longer a good goal. Not only is it not a good goal, I think it has already made some people quite equal Painful..." When the Southeast Asian financial turmoil officially began to spread from Thailand, the red-chip stocks were collectively warned, and the financial media controlled and influenced by Hong Kong were naturally unable to hold accountability for insider information; however, a large number of attempts were again to speculate on the Hang Seng Index, However, the hot money that has not had time to establish a short position is trapped in the Hong Kong stocks that have suddenly taken the initiative to ebb, and it is difficult to get out.

"Except for Hong Kong, Singapore, Taiwan, South Korea, which one is the next active target of those financial giants?" After Nick Leeson introduced so much, Ge Mingde asked.

In the past history, Hong Kong should be the main target of the next wave of attacks. Right now, the probability of Hong Kong being actively attacked has been much reduced. "South Korea," Zhang Ke looked at his watch, fearing that Xu Si had waited too long for him, and said the answer directly, "South Korea, instead of going around aimlessly, we try our best to establish a short position in the Korean won during this time..."

Although it is very difficult to establish a short position at this stage, as long as the preparation time is long enough, it can still be established, at least more than the chance of hunting around in the cash market.