Chapter 1201 Free-floating Thai Baht
Everything is going on in an orderly manner.
Xiangjiang returned peacefully. On the same day, the Chief Executive of the Special Administrative Region, the Secretary for Administration, the Secretary for Finance, the Director of Police, the Director of Customs, the Commissioner of the ICAC, and the Commissioner of the Independent Commission Against Corruption.
Many concerts were held that night to celebrate lively. After regaining the joy, people found that they were actually returning.
Except for the police changing their uniforms, there are Bauhinia flags and five-star red flags hanging on the roadside, the others are not much different from usual.
Businessmen are open normally, and students continue to make up for the lessons, continuing their normal life in the past.
On the night of July 1, many wealthy people gathered together to gather. They were delighted that the people of Xiangjiang have now become the real manager of this land. Without the supervision from the UK, business will be easier in the future.
Han Xuan, the old man, grandfather and others also attended the party held by the return celebration and local wealthy people. He clearly found that the people of Xiangjiang are really happy to return from the bottom of their hearts, but why it will become like that in the future is a question worth pondering...
Early in the morning of the second day, Han Xuan was awakened by the phone ring before he got up.
It was called by Mr. Cairns, who is now in Thailand. He said excitedly: "This morning, the Thai President announced that he would give up his monetary policy of keeping a close eye on the US dollar and allow the Thai baht to float freely!"
Han Xuan was completely sleepy after hearing the news, so happy that he wanted to laugh, and asked: "The Thai government has no foreign exchange reserves?!"
"Not yet, the situation of international hot money fleeing is even more severe than we imagined. Before the loan policy of Singapore and Japan has been passed, Thailand's foreign exchange reserves have reached the end.
These days, we have sold nearly $7 billion in total in Thai baht, plus the funds from Thailand's local escape, and the total number may reach $20 billion. Thailand does not have that much foreign exchange reserve.
At the beginning of the month, Southeast Asian countries and Japan also said they would help Thailand. Such news was no longer visible in newspapers in the past two days.
They knew that Thailand was about to end, and central banks of various countries were trying to increase foreign exchange reserves to deal with the next impact on their own countries.
If it weren't for foreign exchange, the Thai government would not have announced that it would give up its original monetary policy. It now has no place to borrow money and can only wait for death.
Little boss, from the opening of the market today, a long red line appeared on the market. The Thai baht depreciated very quickly, and people kept selling the Thai baht. Foreign capital escaped faster. We are already making a lot of money. Congratulations!"
It is indeed worth congratulations. I said I would buy a sports car in a few seconds, and those words were exaggerated.
But if it is today, if the Thai baht has been depreciating, then Han Xuan can really buy a super sports car in just a few seconds.
Since the Thai government announced that the currency has been freely floating, the depreciation of the Thai baht has been a foregone conclusion. Now no one dares to eat the Thai baht, and its credit has been reduced to the extreme.
As economic exchanges between countries deepen, the economic crisis no longer covers only one country. When Mexico's financial crisis occurred, it caused a large number of countries in South and Central America to plummet the stock index, causing small-scale turmoil.
Therefore, Mr. Keynes, Jr., continued: "Do you think we should close the position when the baht depreciates?
Mr. Soros and others are trying to build short positions in Singapore and Malaysia. We don’t have much cash in hand now and need to withdraw a part of it from Thailand…”
Han Xuan’s interstellar investment has a hedge fund department composed of a large number of economics experts. He only needs to grasp the general direction, and the rest will naturally be handled according to his wishes.
So I have lived a comfortable life during this period, just call me every day to discuss the latest trends.
Mr. Keynes's question made him feel a little distressed. Although he clearly remembered that the depreciation of the Thai baht in his previous life was as high as more than 30%, because of his own intervention in this life, Han Xuan was not sure how much it would depreciate.
He got up and sat by the bed, dozed off and replied, "This question will be discussed later. Let's first look at the depreciation range today. If the depreciation is very fast, delay the closing time.
Remember to pay attention to the government's movements. If there is any rebound trend, tell me immediately. I will talk later. I need to call Mr. Soros first."
“Okay.
I'm on the exchange today and don't go anywhere. I'll let you know if there is any news."
Without rushing to contact Soros, Han Xuan took a shower and put on his clothes, then he came to the balcony with a glass of milk to make a phone call.
After the call was connected, the old man's voice was very happy, probably because another country fell under his attack, and he said excitedly: "Good morning!
It's raining here in Thailand, it's really bad weather. We're going to have a party to celebrate tonight. Are you going to come together?"
"If I were you, I would immediately flee from Thailand and go back to Europe or the United States.
In Thailand, there should be many people who want your life to relieve your hatred. At this time, I won’t go to Thailand rashly. It’s quite comfortable to live here in Xiangjiang.”
"I'm not that stupid. I'm staying in the US embassy in Thailand and will return to China with the US aircraft carrier formation in a few days.
Tell me, what's wrong with me? You haven't contacted me for a long time. You wouldn't have called me to report the good news on purpose, right?"
Old Soros was probably doing morning exercises and his voice sounded a little panting.
"I want to ask, what will be arranged next in Singapore and Malaysia, and there is another thing that needs to be notified in advance.
In the original plan, there was an attack on Xiangjiang, right?
Now it has returned, with foreign exchange reserves of 96 billion US dollars, and China also has 130 billion US dollars, so I decided to withdraw from the attack on Xiangjiang."
Han Xuan said with a smile, and in fact he knew in his heart that Soros had no intention of shorting Hong Kong dollars.
This old man has experienced many battles, so how could he not see that Xiangjiang has too many foreign exchange reserves, and he has no way to start with these people.
But Soros mentioned Xiangjiang repeatedly before, and he always felt that there was a conspiracy in it. He was tentatively asking the old man what he wanted to do.
Soros said calmly: "Okay, whatever you want, I think it's not suitable to attack Xiangjiang.
But you can’t lose anything else. Your funds can help us a lot. This is a good opportunity to get rich. The cooperation has been very pleasant before, and I like you."
That's right, but Han Xuan realized something was wrong, because in his previous life, Xiangjiang did suffer heavy losses in this economic crisis.
After chatting for a while, I put down the phone and went to the old man's room after breakfast.
He is watching the news, and the host talks about the news that the Hang Seng Index has surged today, saying that investors are optimistic about the local prospects after the return.
Suddenly, an idea exploded in Han Xuan's head! (To be continued...)
Chapter completed!