(I was banned from QQ and said that I was GHS, it was really wronged. Is that kind of person I fireworks?)

(1200 was sent wrongly, please make up for it)

On the top floor of the building, which was completely controlled by the security company, Wang Yaozu and Guan Youbo sat opposite him.

"At this time, the chips have been almost snatched by international investment institutions such as Soros. Now if you throw them in, even if you throw them in, you can only grab a little bit of missing scraps. Not only can you make much money, it will also expose yourself to the eyes of these capital giants."

"And someone must be targeted. Just our little arms and legs may be eaten up by these giant crocodiles." Guan Youbo said with a serious look on his face.

After a while of discussion, Guan Youbo decided to target Malaysian ringgit as Yao Ge said before and make plans in advance.

Smash all the chips and rush them straight!

As long as you make a secret arrangement in advance this time, you can eat a wave of big meat!

At that time, those international speculative institutions will have no choice but to watch it. By the end, the funds in their hands will be able to leverage a corner of the market, and they will no longer be small characters who can be kneaded. Only then will they be qualified to go to the dining table with those international capital tycoons.

Although it will be at the end, at least it will not be easily abandoned.

On February 9, Soros and others began to sell their Thai baht cash in their hands frantically. The real-time exchange rate of the Thai baht in the cash exchange market fluctuated significantly, which instantly triggered turmoil in Thailand's financial market. The exchange rate of the Thai baht against the US dollar plummeted, and a large number of investors in the Thai baht lost all the money.

The Thai financial market suddenly fell into an unprecedented panic idea. Retail investors and small and medium-sized investors were frustrated in their confidence. In order to avoid a liquidation, they could only choose to close their positions in advance, which further aggravated the market's panic and led to a further decline in the Thai baht.

After that, retail investors and small and medium-sized investors joined the short selling of the Thai baht in order to make up for the losses, which further accelerated the situation to fall into the abyss.

The abnormal fall in the Thai baht exchange rate made the Thai government immediately alert and urgently summoned the leaders of Southeast Asian countries to hold a meeting. The countries responded quickly and made a unified resolution in just three days.

On February 14, the meetings of central banks of Southeast Asian countries unanimously agreed to jointly conduct multilateral or bilateral intervention in the event of a currency crisis. At the same time, Thailand raised interest rates and once again emphasized that the exchange rate would not depreciate.

In order to stabilize the exchange rate, the Bank of Thailand spent $2 billion at one time and threw it into the foreign exchange market, barely stabilizing the situation and fixing the exchange rate at 26.18:1. However, this is still the lowest point in 10 years, and the situation is still not optimistic because the central bank's foreign exchange liabilities have matured. But Soros and others also jumped from behind the scenes to the front.

Just the day after the situation stabilized, Soros's Quantum Fund jumped from behind the scenes to the front desk, held a press conference on Wall Street, and publicly released the "Short Selling Report on the Thai Baht".

The 100-page short-selling report details the economic changes and loopholes in Thailand's economic policies since 1985.

The report pointed out that from 1993 to 1996, Thailand's real estate prices rose by nearly 400%, and the SET index also reached a high of 1410.33 in January 1996, reaching a historical high. Since then, the real estate and stock markets have turned and fell, bringing huge pressure on bank assets.

In June 1996, the non-performing assets of Thai commercial banks reached 178 trillion baht, with the non-performing assets rate reaching 35.8%.

Since 1995, the US dollar entered the appreciation channel. As the Thai baht pegs to the US dollar, the appreciation of the US dollar caused the Thai baht exchange rate to continue to rise, resulting in a setback in Thailand's exports and slowing down economic growth. The GDP growth rate in 1995 was 8.12%, while Thailand's GDP growth rate in 1996 was 5.65%, and economic growth began to decline overall.

After the negative news that had been accumulated for many years was exposed by Quantum Fund, it caused an uproar throughout the world, and all speculators were targeting the Thai baht.

In order to deal with the culprit of hungry Wall Street led by Soros, the Thai government issued an order on March 4 after a round of emergency consultations.

The central bank of Thailand asked nine financial companies with liquidity problems and one housing loan company to increase its capital by 8.25 billion baht (US$317 million), and asked banks and other financial institutions to increase the ratio of bad debt reserves from 100% to 115%-120%, which increased the reserves of the financial system by 50 billion baht (US$1.94 billion).

The move of the Bank of Thailand is aiming to strengthen the stability of the financial system and enhance people's confidence in the financial market. However, it not only failed to play the proper stabilization role, but unexpectedly deepened the public's distrust of the banking system, and bank runs began to occur and the stock market plummeted.

On March 5, international speculators such as Soros took action again, exposing 10 financial companies that had liquidity crises. The stocks of banks and financial companies plummeted, and the foreign exchange market also showed downward pressure again. The Thai government took action again, investing tens of billions of dollars in foreign exchange in its hands to stabilize the stock and foreign exchange markets. Only then did the two markets gradually restrain the downward pressure.

Just after Southeast Asian governments thought that these international financial giants had retreated after eating and drinking, Soros made a second move on May 12.

International speculators such as Soros used the two-month window period to quietly establish spot and forward foreign exchange trading positions through foreign banks that operate offshore businesses, and then borrowed Thai baht from local Thai banks, selling large amounts of Thai baht in the spot and forward markets to short the Thai baht. The spot exchange rate of Thai baht has repeatedly broken through the exchange rate floating restrictions stipulated by the Thai Central Bank, causing strong panic in the market. The Thai baht once depreciated to 27:1 against the US dollar.

Faced with the impact, the Central Bank of Thailand took an emergency action to join forces with Southeast Asian countries, and countries were unwilling to see the Thai baht really collapse, and their lips were lost and their teeth were cold. Once Thailand collapsed, other countries with close economic ties would inevitably be greatly impacted. At this time, the whole world had already seen the purpose of international financial giants such as Soros.

With the mediation of the Thai government, Southeast Asian countries extended a helping hand and launched a counterattack against Soros and others from three aspects.

1: Member states through the "East Asia Central Bank Presidents Conference" jointly intervened with Singapore in the foreign exchange market and invested US$12 billion to maintain the exchange rate.

2: Use administrative orders to prohibit domestic financial institutions from lending THB from outside, and then significantly increase the overnight lending rate, soaring from 10% to 1,000-1,500%.

3. Once again, take out the large amount of foreign exchange in your hands and put it into the market to stabilize the exchange rate.

After a fierce battle, Thailand finally maintained the Thai baht at 1 US dollar to 25.2 baht on May 20.

In this battle, Soros lost $300 million.

This series of financial wars made Wang Yaozu, who has been following Guan Youbo recently, watch the situation in Thailand. Finance is really a war without gunpowder.

In a world where ordinary people don’t know, although this war has no smoke, it has caused the Thai government to suffer heavy losses and almost completely collapsed.

"Luckily, we didn't join this financial war, otherwise, we were afraid we would be completely trapped, and there was no winner in this war." Guan Youbo finally breathed a long sigh.

"Huh, what do you mean?" Wang Yaozu asked in confusion: "Didn't Soros lose only $300 million?"

"That's not what it said." Guan Youbo shook his head and explained: "The large amount of US dollars invested by the Thai government took over the Thai baht, but the bullets were exhausted, and the chips were locked and they could not be released in the short term. Soros only lost 300 million because he used hedge funds to reduce risks. If we want to make a fortune, we can only rush and fight and buy and fall directly. The Thai government will increase the overnight lending rate from 10% to 1,000-1,500%, an increase of 150 times. The interest rate alone can make us lose our position, and then it will be a loss of money."

"Hiss!!!" Wang Yaozu gasped. If more than 5 billion US dollars were wasted, he was afraid that he would go bankrupt!?

The financial market is indeed dangerous. Fuck, it's based on the foresight. If it weren't for financial experts like Youbo, who helped to operate the trading, but were rushing in by himself, I'm afraid that it would be a place to die if it wasn't foresight.

The second battle between the Thai government and international financial tycoons such as Soros ended, and the financial market fell into a relatively stable period of oscillation. Both sides began to make the final accumulation of energy and prepare for the last financial market duel. During this period, Guan Youbo also completed the layout of Malaysian Ringgitton.

Wang Yaozu also took his eyes from the financial market and looked at Hong Kong Island again.
Chapter completed!