The Son of Finance of the Great Age

  Chapter 262 Chain depreciation

At this moment, Liao Xiaohua pushed the door open, holding a copy of today's newspaper in his hand, and said to Zhong Shi who was standing in the middle of the room: "Zhong Shi, there is something wrong with this news... Huh..." His voice came abruptly It was obvious that there were other people in the office.

The eyes of the three of them turned to Liao Xiaohua, who came uninvited, and were about to hear what he wanted to say next. Liao Xiaohua's face flushed immediately, and he quickly put the newspaper behind him, pretending to be nonchalant, and spoke to Andrew. He greeted Ma Jiarui, "So you two are here too, haha."

  After seeing the situation, Andrew and Ma Jiarui couldn't understand. After greeting Liao Xiaohua, they found an excuse and left.

   "Tell me, what's the matter?" Zhong Shi's heart moved, but his face remained calm, allowing the two to leave, and only after Liao Xiaohua closed the door did he ask lightly.

Liao Xiaohua leaned in front of Zhong Shi, lowered his voice, and said, "Zhong Sheng, have you read today's newspaper? It's about what happened to us yesterday." As he spoke, he handed over a newspaper with the front page of the police running away with their heads in their arms. In front of Zhongshi.

"I heard." Zhong Shi glanced down at the newspaper in front of him, and then looked away, "I had a false alarm yesterday, but fortunately everyone is fine. Thinking about it now, I'm still a little scared! But these are things in the past Now, what do you think is a problem, have you heard something?"

  About what happened yesterday, Zhong Shi also thought about it carefully afterwards, and felt that meeting the robber was just a coincidence, not a kidnapping against him. But now Liao Xiaohua's serious face made him think that this might be a premeditated act. When he thought of this, Zhong Shi's face immediately darkened.

  Now is the critical moment for China and the UK to take over Hong Kong. In the past few months alone, there have been at least three cases of robbing gold shops. In addition, there have been several cases of kidnapping rich people.

   If someone is really eyeing him, then Zhong Shi must be extra careful.

"I didn't hear any rumors." Liao Xiaohua shook his head repeatedly, "But what I found a little strange was this reporter. I had spotted this reporter in the crowd before. After those reporters were dispersed, only he stayed , happened to capture the news of the robbery of the gold shop. Also, the location of his filming was on the opposite street, an unknown corner."

  He said so much in one breath, which made Zhong Shi very confused, not understanding what he was going to say. After thinking for a while, Zhong Shi took a breath and shouted: "You mean...he is following us?"

"Well, it's very possible!" Liao Xiaohua nodded, and then explained, "It doesn't have to be following you, maybe it's not necessarily the news that wants to chase me. You also know..." Speaking of this, he Can't help but feel a little twitchy. In the past, Liao Xiaohua was a playboy. In addition, he once lost 500 million Hong Kong dollars in a huge gambling in Macau, which caused a sensation. Although these things have passed for some years, reporters still like this kind of gossip news.

Zhong Shi smiled knowingly, and after thinking for a while, he said word by word: "Shouldn't be following me, otherwise Xiaowu must have discovered something. If he finds you and then me, he wants to dig deeper My identity, the ability of this person should not be underestimated, but how is this possible..." Originally, he wanted to say a few words of ridicule, but when he said this, Zhong Shi suddenly realized that this situation is not impossible, if so, That reporter is terrible.

Liao Xiaohua lowered his head and thought for a while, and felt that what Zhong Shi said made sense, but he didn't take it to heart, he just pretended to be relaxed and said along with Zhong Shi's words: "It's really unlikely, maybe it was just a coincidence for him It's a big news! Hehe!"

   "Perhaps!" Zhong Shi also laughed. Then Zhong Shi pointed to the reporter's name on the newspaper, and said to Liao Xiaohua, "This reporter is really capable, and we can make more friends when we have time. Maybe sometimes we still need him!"

"Can we use him?" Liao Xiaohua curled his lips and said disdainfully, "Where can we use him? If we want to find media, I can call ten or eight at any time, so why bother?" Why do you want to make friends with such a small reporter?" At this point, he suddenly understood, and stammered: "Zhong Sheng, you...you can't be..."

Zhong Shi took a deep look at Liao Xiaohua, made a silent gesture, and said in a low voice: "It's fine to know this kind of thing, there is no need to say it, you just need to have a good relationship with him, and when the time comes When you mature, you will naturally use him, understand?"

  Although he didn't understand why Zhong Shi wanted to befriend such an unknown little pawn, Liao Xiaohua knew that Zhong Shi was definitely not aimless, so he immediately nodded heavily with glowing eyes.

  …

   Quantum Fund.

  When the news came out that the Thai side announced the free floating of the Thai baht, Druckenmiller thumped in his heart, and quickly dialed the Hong Kong side.

   "Jones, has your article been published?" As soon as the call was connected, before Rodney Jones could speak, Druckenmiller asked in a hurry.

Rodney Jones here let out a long yawn, and the voice revealed a deep sense of fatigue. It was obvious that he had just fallen asleep, and he barely woke up after hearing Druckenmiller's voice. Spirit, said: "Stanley, the article has been published, what's the problem?"

   "Thailand surrendered and announced the free floating of the Thai baht two minutes ago." Druckenmiller secretly complained, but now that the deal is done, he can't say anything more, so he briefly described the current situation.

   "What?" Rodney Jones was completely stunned, and after a full half-minute pause, he spoke quickly, "I'll call the editor now to see if there is any way to remedy it."

"Forget it!" Druckenmiller said bitterly, "Not to mention whether the newspaper will listen to us, even if the publication is stopped, the account will still be on our heads. Instead of hiding it, we should It’s not as good as being aboveboard, but fortunately we have worked hard.”

   "I'm afraid they don't think so. If the baht hadn't depreciated today, our words might still be considered suggestions, but now they have become naked provocations." Rodney Jones said sharply.

"So what? We gave them a chance before, but the Thai government didn't know how to grasp it, which caused the situation today." Druckenmiller's tone gradually became tougher, apparently accepting this fact, "Weird They can only be blamed for running out of foreign exchange reserves precisely today, through no fault of ours."

   Speaking of this, Druckenmiller couldn't help but sigh. Even the famous Quantum Fund cannot completely control the fluctuations in the foreign exchange market. Although this incident was an oolong incident from beginning to end, who would believe it?

  The two had another conversation before ending the call.

   When Soros heard the news, he became furious and smashed three precious German porcelains one after another. The image of a tall man he worked so hard to maintain was completely ruined by an article at the right time. In addition, they have to bear the responsibility for other speculators, which is the last thing he wants to see.

   But it is impossible for him to make a statement immediately, because hedge funds do not have the habit of explaining to the outside world. Even if they explain it now, the global market will think that they are trying to cover up. However, Soros did not give up the opportunity to explain. He is going to give a complete explanation on this matter at the annual meeting of the IMF and World Bank held in Hong Kong in September.

  But the current short-selling behavior will continue. Soon, Quantum Fund will target the Philippine peso, Malaysian ringgit and Singapore dollar.

   Currency speculators around the world are also targeting the currencies of Southeast Asian countries.

  On June 29, after spending 11 billion U.S. dollars in foreign exchange reserves, the Philippines announced that it would allow a wider range of exchange rates for the peso, which was equivalent to indirectly announcing the devaluation of the Philippine peso. The peso plummeted 12% that day. On this day, the Malaysian government announced to raise bank interest rates to prevent the ringgit from selling pressure, while Indonesia followed in Thailand's footsteps and announced that the Indonesian rupiah would break away from the peg with the US dollar and float freely in the market. The Indonesian rupiah fell that day More than 14%.

  Due to the intervention of Tianyu Fund, the outbreak of the entire Asian financial crisis was about half a month earlier than the previous one in history. It also made these governments completely underestimate the expected form, missed a lot of preparation time, and were finally defeated one by one in front of international hot money.

The time soon came to August, and it was only a month since Hong Kong returned to China. At this time, Malaysia announced that it would give up defending the ringgit. International hot money once hit the Singapore dollar, but the Singapore dollar was extremely strong. After the attack was fruitless, they will The target is another financial center, namely Hong Kong!

   On August 3, the exchange rate of the Hong Kong dollar against the U.S. dollar fell unusually rapidly, and the forward exchange rate also fell accordingly. The HKMA soon discovered that some hedge funds were shorting the Hong Kong dollar with a large sum of US$1.5 billion.

   On the 4th, hedge funds continued to sell Hong Kong dollars and buy US dollars in the foreign exchange market. This time, the intensity was stronger than the previous day, reaching an astonishing US$2.4 billion, and the total US dollars purchased in two days reached US$4 billion.

At this time, due to the sharp depreciation of the currencies of Southeast Asian countries, the corresponding appreciation of the Hong Kong dollar linked to the US dollar has brought huge depreciation pressure to the Hong Kong dollar. Therefore, the Monetary Authority monitors the movements from the foreign exchange market day and night. It is clear that sooner or later hedge funds will hit the Hong Kong dollar, but they did not expect this day to come so soon.

   Thanks to Demon Dragon Warrior for making me think about continuing to reward this book!

  (end of this chapter)