The Son of Finance of the Great Age

  Chapter 321 was put together by Soros?

  Although currency speculation is a big deal, for the current Hong Kong capital, there are no other big things to talk about. In one month, the net value of the entire fund industry that invests in the stock market has generally plummeted by more than 30%. Although the general environment is very bad, investors will only use these statements as an excuse, because although the entire market is in a downturn, there are short-selling funds that cannot stand the profit , or be able to keep the net worth from falling so badly. Comparing the two, investors will naturally choose to redeem the shares of loss-making funds and invest in funds that are resilient or profitable against the market.

   Without management fees, some foundations will be liquidated quickly, and fund managers will be reduced to unemployment. It may not be easy to make a comeback in the fund industry that values ​​​​the past performance.

   It's a death anyway, so it's better to give it a try.

  The financial industry has never been short of gamblers.

  Although the capital of these funds is not strong, they cannot hold up to a large number, and even a drop of water can gather into a monstrous wave. After Andrew hinted that there would be international hedge funds attacking the Korean currency, except for a small number of funds still holding the currency on the sidelines, most of the funds that lost money in this wave of market have begun to contact Korean financial institutions to discuss short-term borrowing.

  Everything is ready, only one signal is needed.

  …

   On October 30, Huaxia announced a rate cut with the intention of boosting the mainland economy, but the external effect can be understood as a shot in the arm for the sluggish Asia-Pacific market. However, the market did not react strongly to this, either because the economic ties between Hong Kong and the mainland were not close enough, or investors were busy coping with stock market fluctuations. In short, the news of China’s interest rate cut did not immediately arouse good interaction.

  On October 31, the International Monetary Fund announced that it would provide a multilateral financial rescue fund of up to US$23 billion to assist Indonesia in stabilizing its financial system. This is another attempt by the IMF to save the currencies of Southeast Asian countries since Thailand and other Southeast Asian countries.

In Washington, International Monetary Fund managing director Condescau said Australia, China, Hong Kong SAR, Japan, Malaysia, Singapore and the United States are all donors to the bilateral aid fund and they stand ready to provide more if necessary. It is expected that the scale of the entire rescue will exceed US$30 billion.

  On November 2, Indonesia also announced in cooperation that it would close 16 banks as part of the agreement to accept the IMF bailout plan. As soon as the news came out, there was a wave of bank runs on these banks. Although the government made a promise to keep it, the people didn't seem to believe it, and there were still long queues in front of the relevant banks and ATMs.

  At the same time, there are rumors in the market that the Indonesian government will announce an economic reform plan tomorrow, mainly to relax the control on economic activities. These include cutting import and export taxes, opening markets, and financing subsidies.

After the news of Indonesia's acceptance of a package of economies spread, the entire Asian market was shaken, and investors regained their confidence. The Hang Seng Index rose 631 points on November 3, an increase of 5.9%, and stood at 11255 points in the closing period , setting a new high in recent times. Indonesian stocks rose 7.4%, Malaysia rose 7.8%, Thailand rose 2.9%, Yizhou rose 4.6%…

  In addition to the performance in the stock market, the currencies of Southeast Asian countries also rebounded in the foreign exchange market, and investors re-entered the market. Among them, the Indonesian rupiah once soared to a new high of 3,280 rupiah against the US dollar, which was 8.37% higher than the closing price of 3,580 rupiah against the US dollar on Friday. The Singapore dollar rose to 1.5575 from 1.5855 on Friday, and the Philippine peso rose from 35.42 rose to 35.15, Malaysian ringgit rose to 3.2950 from 3.4200…

  The following day, as Thai Prime Minister Chavalit announced his resignation, the Thai baht, encouraged by the "good" news, rebounded and rose by 3.4%, making it the largest gainer among Southeast Asian currencies that day. Prime Minister Chavalit has become a cancer in the eyes of investors, and his resignation has once again become the focus of discussion after the joke of the manifesto defending the baht.

Affected by this news, currencies in the Asia-Pacific region also rose. Incompetent senior government officials became the excitement of the market. Stimulated by the double news, the Indonesian rupiah rose to 3245 points, rising for three consecutive days. Currencies such as the ringgit and the Singapore dollar It also followed the rise, and at the same time, the stock markets in various regions also rose to varying degrees.

  Compared with the general rise of currencies in Southeast Asia, the market trend of the Korean won is quite strange. In fact, not only did the South Korean won fail to improve significantly in this wave of rebound, it even hit a new low of 969.95 dollars per dollar. The Economic Research Institute under the Hyundai Group took the opportunity to lower the forecast of South Korea's economic growth rate in 1998, from 6.3% to 5%, which is an astonishing reduction. In addition, the institute also raised South Korea's inflation rate from 4% to 5% next year, which also means that the South Korean people will face a high inflation expectation.

  The Hong Kong market also performed unusually in this wave of quotations. Although the Hong Kong dollar is still strong, the Hong Kong stock market is somewhat unsatisfactory. Although Hong Kong stocks have risen for two consecutive days since November, on November 5, Hong Kong stocks, known as the "roller coaster", fell again due to the increase in housing loan interest rates, falling 473 points all day, a drop of 4.2 %, to close at 10780 points.

   "Looking at the situation, the Hong Kong stock market will hover around 11,000 for a while!" Zhong Shi looked at the numbers on the computer and shook his head disapprovingly. He didn't know whether he sympathized with the investors in the Hong Kong stock market or expressed helplessness at the market.

However, if the market does not perform well in the short term, the pressure on fund managers will be even greater, and they will be forced to choose more aggressive investment methods. Currently, funds that can reap huge benefits in the short term in the market There are not many ways to invest.

   "The South Korean won is very cooperative. It did not perform outstandingly when the currencies of the entire region rebounded. This saved us a lot of trouble." Seeing the performance of Hong Kong stocks in the past two days, Ren Ruowei was obviously relieved.

Since Zhong Shi revealed his plan to attack the Korean won, Ren Ruowei has been worried that there will be no Hong Kong capital to follow. Now it seems that it is absolutely impossible for most funds to achieve the original net worth level in the short term. .

  Zhong Shi nodded in agreement, glanced at Ren Ruowei approvingly, and said, "It seems that it's time for Andrew to make more noise!"

   Before the words fell, there was a knock on the door outside Zhong Shi's office, and then the door was pushed open from the outside, and it was Andrew who came.

   "Tell Cao Cao, Cao Cao is here!" Zhong Shi laughed, pointed to the sofa and said, "Andrew, I'm planning to ask you for something. How about it? Are you busy enough these two days?"

  Andrew was sweating profusely and out of breath. He sat down on the sofa, picked up the coffee in front of him, and drank it. The capacity of the coffee cup is not large, so he swallowed the whole cup of coffee into his stomach in two or three gulps. After drinking it, he was obviously not satisfied, so he stood up again, went to the rest room outside to get a bottle of drink, and drank several times. After wiping his mouth, he smiled wryly and said to Zhong Shi: "Zhong Sheng, something is wrong!"

   "Is something wrong?"

   Zhong Shi and Ren Ruowei heard this sentence at the same time, but their expressions were completely different. Ren Ruowei's complexion changed drastically, and he hurried to Andrew, grabbed his shoulders with both hands, and even his body trembled slightly due to tension. On the other hand, Zhong Shi just frowned slightly, with a thoughtful look on his face.

  The reason why Ren Ruowei is so nervous is no wonder. After all, this time he is the one to take the lead alone. If he can succeed in the Korean won incident, he will undoubtedly have the upper hand in the direct dialogue with Ma Jiarui.

Seeing Ren Ruowei suddenly appearing in front of him, Andrew had a strange expression on his face. After looking up and down at Ren Ruowei, he suddenly said, "Ren, how did you appear? I don't seem to have seen you enter the door." !"

Ren Ruowei was almost overwhelmed, but Andrew had walked back and forth in the room twice, and he didn't even see him, which made him feel very frustrated, but at this moment, he ignored the disappointment in his heart, and asked quickly: "Andrew , What you said just now is not good, is there a problem with South Korea? Or is there a communication problem with the fund?"

  He was extremely anxious at this moment, but Andrew was considered the "old man" around Zhong Shi after all, so he had to be polite at all times when he spoke.

"South Korea? No problem!" Andrew widened his eyes, looked at Ren Ruowei again, and suddenly burst out laughing, "I said Ren, there is no problem with South Korea, what I said is not what you imagined As you said, you still..." Before finishing speaking, he pointed to the door.

  Obviously, what Andrew was about to say was inconvenient to hear, so he signaled him to leave. But Andrew didn't know what tact was, so he let Ren Ruowei leave so straightforwardly.

  Although he was very dissatisfied, after hearing that there was no problem with the South Korean side, Ren Ruowei also calmed down and left the room with a smile, regardless of Andrew's rudeness. He is very witty, and he will not let go of what he should know, and he will hide away at the first time if he should not know.

"Didn't you want to tell me about the Indonesian rupiah? Is it worth your fuss?" Zhong Shi, who hadn't spoken for a long time, gave Andrew a dissatisfied look, then picked up the cigarette case on the table in front of him, and just smoked a cigarette. I saw Andrew leaning forward and igniting the Zippo lighter in his hand with a "crack".

Zhong Shi glanced at him, took a deep breath on the flame, and then slowly said: "Do you think that the Indonesian rupiah has appreciated by as much as 10% in the past few days, according to the position we sold to Soros? , now we have lost at least US$200 million. Even after that, with the increasing value of the rupiah, we will lose more, won’t we?”

   Unexpectedly, Zhong Shi had already guessed exactly what he was thinking about. Andrew didn't care about the shock, and just nodded like a chicken pecking at rice. In fact, since he got to know Zhong Shi, this little guy has shocked him so much that now Andrew has become a little numb.

   "It's better to keep an eye on things, you are still too young and naive!"

   Zhong Shi sprayed a puff of smoke onto Andrew's face, choking him so much that he coughed. Zhong Shi, who played a prank, laughed for a long time, and then said unhurriedly: "There are many people who want to join me, but it is definitely not Soros, he is not qualified yet!"

   "What? What is the scenery? What is the scale? Zhong Sheng, can you explain it a little more clearly?" Andrew's eyes widened, with a puzzled expression on his face.

Zhong Shi originally wanted to explain, but seeing Andrew's appearance and remembering his identity as a foreigner, he suddenly felt that he was looking for trouble for nothing, obviously "playing the piano with the cow", so he had to give up, waved his hands weakly, and said: "Don't have too much hope for the Indonesian government. I'm gambling with Suharto's bureaucracy. Don't look at the current situation, but who can predict what these corrupt bureaucrats will do? Self-destruction of the Great Wall Are they doing less?"

  Andrew blinked his eyes, his expression was sometimes confused and sometimes surprised, apparently digesting Zhong Shi's words. But after being stunned for a while, he still couldn't help asking: "The Great Wall? Does Indonesia also have the Great Wall?"

Zhong Shi suddenly became furious, picked up the cigarette case in front of him, and threw it at Andrew, and reprimanded viciously as he smashed it: "Go away! Go away! Go non-stop! Go as far as your thoughts go! "

   Thank you Lan Tian, ​​jjhk2006, kalm master, romantic snail, sarm and other book friends who voted monthly! thanks for your support!

  (end of this chapter)