Rebirth in 1985

Chapter 6 Financial Crisis ()

Although Lu Shaohua's change of topic was met with a burst of laughter, it must be said that it was still very successful. At the very least, Liu Mingzhang and the others' attention had been successfully attracted by Lu Shaohua, and they began to pay attention to Huo Xiaoyue, the person who came to them to ask for advice as a student.

Whether she is Lu Shaohua's woman or Ho Ying-tung's beloved grandson, these two identities cannot be ignored, especially in Hong Kong. No one does not know Ho Ying-tung's identity and power. There is no need to say much about the business community. The Ho Ying-tung Group is strong. As for the government, needless to say, Ho Ying-tung has absolute influence.

Furthermore, the identity of Lu Shaohua's woman is not simple, especially for Liu Mingzhang and other employees of the Phoenix Group. She is equivalent to the boss's wife. The boss's woman, that is not someone who can be refused.

Therefore, Liu Mingzhang and others acted as teachers and imparted some knowledge to Huo Xiaoyue. Of course, while imparting knowledge, they did not forget to stare at the big screen and observe the market trends of the Thai baht.

According to Lu Shaohua's memory, the Thai baht was attacked on July 1997, 7. The reason why it was attacked was entirely due to Thailand's policy issues. On that day, the Thai government announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, thus forming a financial storm in Southeast Asia.

That's right. From the moment the Thai government announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, a financial storm spread across Southeast Asia and Thailand, the initiator, would suffer a fatal blow.

On that day, the exchange rate of Thai baht against the US dollar fell by 17%. Don't underestimate this 17%, it is a huge proportion. This decline is extremely painful for the Thai baht, which means that the Thai baht is becoming less and less useful as an international currency.

There is no way to make the US dollar an international currency. A drop in the exchange rate against the US dollar means a depreciation of the domestic currency. To illustrate this with an example, if you can usually buy something worth one hundred dollars internationally, you will have to pay more than one hundred dollars after the price drop. It's a very simple truth.

Of course, the outbreak of the financial crisis cannot be entirely blamed on Thailand. The main reason lies with Soros. Soros is the real fuse. International hot money led by him discovered that Thailand's foreign exchange reserves were insufficient. At the same time, the Thai baht adopted a fixed exchange rate with the US dollar and was freely convertible. So the hot money began to sell off the large amount of Thai baht that had been purchased. Thailand was unable to maintain a fixed exchange rate with the US dollar under the unfavorable situation of using foreign exchange reserves for intervention, and finally had to abandon the fixed exchange rate and adopt a floating exchange rate.

However, Thailand's actions triggered a financial crisis, and they will also suffer the consequences. The exchange rate of the Thai baht against the US dollar fell by 17% on the same day. The huge drop has put Thailand in a difficult situation.

In addition to the decline in the exchange rate between the Thai baht and the US dollar, Thailand's stock market was also hit by the decline of the Thai baht. According to Lu Shaohua's memory, during this financial crisis, Thailand's overall stock market plummeted by 70%, and the final decline of the Thai baht was a 60% depreciation.

After this financial crisis, 56 banks in Thailand were squeezed out. The reason for the collapse was simple. The depreciation of the exchange rate between the Thai baht and the US dollar triggered a run on the banks, which squeezed out all 56 banks.

However, all this is Lu Shaohua's memory. As for the current situation, Lu Shaohua is not clear yet, because it is still early and the wind of the financial storm has not yet blown. Although the Thai baht is under pressure, the Thai government has not yet announced that it will abandon the fixed exchange rate system and implement a floating exchange rate system. The fuse has not yet been lit and everything is still calm.

"Yunqing." Lu Shaohua glanced at the silent big screen and called Li Yunqing. When the latter came to him, Lu Shaohua asked in a deep voice, "You also need to pay attention to the stock market in Thailand. Don't always pay attention to the situation of the Thai baht and ignore the stock market."

Lu Shaohua invested a huge amount of money this time. He not only speculated on the Thai baht, but also the Thai stock market. Lu Shaohua participated in it, speculating on the decline of the market. In addition, part of it was based on the margin system, which was also a way to make a lot of money.

"Don't worry. All the computers are turned on now, just the screens are saved. If you want to pay attention to the stock market, you only need to move the mouse gently and you can watch it directly on the computer. If the small screen is not enough, you can switch to the big screen. You can rest assured." Li Yunqing said with a smile.

In fact, what Li Yunqing said was not detailed enough. To be more precise, not only the Thai baht is being paid attention to, but also the Thai stock market, even the Philippine peso, Indonesian rupiah, and Malaysian ringgit are being paid attention to. A computer is linked to a trend chart, and if you want to pay attention, it can be done in the blink of an eye.

"Yeah." Lu Shaohua seemed very satisfied and nodded heavily. After a few seconds of pausing, he changed the subject and asked, "So what about the arrangement of the stock market? Has it been properly handled?"

All along, Lu Shaohua has been allocating time for actions based mainly on Thai baht, and has never mentioned the layout of the Thai stock market. It is not that Lu Shaohua does not want to make arrangements, but that Lu Shaohua has no way to make arrangements. The only arrangement is to give the data to Li Yunqing and others, and then they can arrange it however they want. It is completely up to Li Yunqing and others to handle it.

Come to think of it, Lu Shaohua is at best a half-baked expert, so it's better for him to stay out of some things. He can't compare with Li Yunqing and others who have rich experience in finance. If you give them the data and let them arrange it, they can play a better role and maximize the wealth earned.

"You can rest assured about this." Li Yunqing smiled again and said, "Today, among our thirty teams, twelve are watching Thailand, four are responsible for the stock market, eight are watching the Thai baht, and the remaining eighteen are divided into three parts, watching the currencies and stock markets of the Philippines, Indonesia, and Malaysia respectively. It can be said that Thailand is our key focus, and there will be no problems with the mission."

Are you kidding? Other countries only use six teams to monitor it, but Thailand uses twelve teams, which is twice the number. How can you say they don’t pay special attention to it?

"Okay." Lu Shaohua also smiled and said, "I look forward to your performance."

Although two hundred billion dollars was invested this time, Lu Shaohua was not worried or nervous at all. He always believed that he was still on the winning side this time. It was precisely because of this mentality that Lu Shaohua was very calm and did not regard this as a life-and-death battle at all. On the contrary, Lu Shaohua regarded it as a movie, and the actors were Li Yunqing and others.

"I will definitely not let you down." Li Yunqing patted his chest and responded with full confidence.

Lu Shaohua didn't say anything, just smiled, patted Li Yunqing on the shoulder, then sat down on the sofa, half-closed his eyes, waiting for the "performance" to begin.

Time always passes by unknowingly. I don’t know when or how long it had been. Lu Shaohua half-closed his eyes and almost fell asleep. He heard Li Yunqing’s loud voice in his ears, and the word "start" brought Lu Shaohua back to reality from his half-asleep state.

The first thing Lu Shaohua did when he regained consciousness was to look at the big screen hanging on the wall. As Liu Mingzhang said, it had begun. However, this beginning represented the beginning of the decline of the Thai baht. The trend chart of the Thai baht shown on the big screen fell sharply without any suspense.

At this moment, Li Zongen, who had been standing aside, quickly stood up and walked to a row of computer desks next to him. He moved the mouse on each computer one by one, removed the screen saver, and paid attention to the stock market and currency trends of all countries.

However, what concerned Li Zongen the most was the situation of the Thai stock market. It was very obvious because Li Zongen was sitting next to the computer with the Thai stock market logo on it. However, Li Zongen sat there motionless with his eyes straight ahead, staring at the computer screen.

It's not that Li Zongen is being shrewd at this time, but the Thai stock market has not fallen yet. The reason is very simple. Even if the Thai baht has fallen, the Thai stock market cannot fall at the same time. There is a buffer period in between, which is the market's reaction time.

It was just a delay period, as the commander-in-chief of this operation, it was time for Li Yunqing to issue orders. Li Yunqing said in a deep voice, "Let everyone below place their bets and pay attention to the situation in the four countries. Don't make any moves. Also, notify the Chinese Chamber of Commerce as well."

Speaking of this, I have to say that yesterday, everything was arranged, and the last batch of funds also entered the market smoothly and lurked, waiting for the last opportunity. There was no need to take any action at all, just wait for the net to close.

As for the allocation of teams and the distribution of the commander-in-chief, it is also very obvious that the contact method of the Chinese Chamber of Commerce is established in a group. In this group, there are also people representing the country. However, the contact method of the team belonging to the Phoenix Group is in another group, which is **.

The distribution of the commander-in-chief's personnel was rather monotonous. Li Yunqing was responsible for watching the entire situation and issuing orders, Liu Mingzhang was responsible for staring at the big screen and keeping an eye on the situation at all times. As for Li Zongen, he was more meticulous and had to pay attention to many things, including the data displayed on all the computers.

There is no order without rules. Lu Shaohua always follows rules when doing things. Now that Li Yunqing has been promoted to the position of commander-in-chief, Liu Mingzhang and Li Zongen must accept Li Yunqing's leadership. They must report the data they see and their own ideas to Li Yunqing, and then Li Yunqing will make the decision. Of course, Li Yunqing is not a power-grabbing person. He will discuss with Liu Mingzhang and Li Yunqing. If Lu Shaohua is present, he may ask Lu Shaohua's opinion before issuing the final order.

As for low-level orders like "using static to control dynamic", there was no need to ask Lu Shaohua for instructions, Li Yunqing issued them on his own. However, Liu Mingzhang's wife, who was at the bottom level and was responsible for conveying orders, typed and sent orders, and she didn't need to take care of other things.

What the outside world didn't know was that the real battle had already begun when Li Yunqing gave the order. The plan that Lu Shaohua had been planning for many years was finally officially launched at this time, and the results that followed were unknown.