In early February 1997, Chinese people welcomed the Lunar New Year, but many people on the streets of the Thai capital could not conceal their excitement.

Next month, the Asia-Europe Summit will be held in Thailand.

At this moment, the Thai stock market has been rising since July last year. At this point in time, it is already preparing to regain its lost ground.

Just last year, the country's per capita income exceeded US$2,500, entering the ranks of middle-income countries.

This country has been in rapid development since 12 years ago. The stock market has gone up and down, but considering the meeting to be held next month, the market expectations are naturally upward.

"The next step is to become a developed country! What is the most valuable thing now? Not depositing money in the bank, idiot!"

Looking at the stocks that have been rising for several months, some people are wavering in their attitude under the persuasion of "capable people".

In their eagerness to try, they have no thought that this may be the highest point in the next twenty years.

But what they don't quite know is that in another market, Thailand is currently experiencing a period of tension.

"The lowest point in a decade, Your Excellency!"

Since more than 12 years ago, the Thai baht has been anchored to the US dollar. In the subsequent depreciation cycle of the US dollar, the Thai baht has depreciated accordingly, and its export competitiveness has increased significantly.

However, since last year, the US dollar has entered an interest rate hike cycle, and the Thai baht has been unable to maintain its anchor exchange rate.

Because if you want to make money from exports, it is beneficial for the currency to depreciate. But if it is anchored to the US dollar and others are appreciating it, will you follow?

If you follow it, you won’t be able to make money from exporting. If you don’t follow it, all financial expectations will come true.

They are not stupid, of course they need to see the safe money in their pockets.

Depreciation!

Now, the Thai baht exchange rate has reached its lowest point in a decade.

The anchor is so hairy that it can't be riveted.

But the problem is that the Thai baht is worthless and the sell-off is coming.

Much more wild than imagined.

"Don't worry, 2 billion US dollars is enough, right?"

If someone is selling, it's just a matter of paying for it. As long as the transaction is successful, the exchange rate level will be stable.

But seeing the finance minister pretending to be relaxed, everyone felt uneasy.

At this moment, foreign debt has reached nearly 100 billion US dollars, accounting for 50% of the entire country's GDP. Among them, short-term foreign debt accounts for more than 60%.

Although statistics have not yet been released, last year's GDP growth rate dropped by nearly 3%.

According to statistics in the middle of last year, the non-performing asset rate has exceeded 35%.

Deficit, depreciation, stock market began to decline, and the foreign exchange market suffered from short selling.

Is 2 billion US dollars really enough?

…

"Mr. Song, Happy New Year."

Shi Youming called Song Yang, and after a few words of greeting, he got down to business: "The New Year is not going well. There are already signs in Thailand."

"Do you believe it now?"

What can Shi Youming say: "This batch of trials probably only accounted for less than one-tenth of the total funds. However, they released US$2 billion in foreign exchange reserves in one go."

"Have we not moved yet?"

"...Of course, it's summer." Shi Youming sighed with emotion, "Mr. Song, if I follow your analysis, Xiangdao can also buy a surge first, and then cash out and move on. There is still time."

"It's not necessary." Song Yang said calmly, "Why do we need to earn ordinary people's hard-earned money."

"...but someone will do it."

"That's their business. Besides, the layout requires a time difference. There must be gains and losses." Song Yang smiled softly on the phone, "It seems that the show has already begun."

"Yeah, it's started."

Shi Youming also celebrated the Spring Festival.

However, after more than a year of planning for assets worth US$2 billion, and now that the market has finally changed as expected, how can he relax?

Listening to Song Yang's call, Zhou Huiya asked curiously: "Do you have other business?"

If Song Yang was a very wary person, she shouldn't ask.

But at this moment she still asked naturally, and Song Yang also answered naturally: "This should be the most secret and important battlefield."

Zhou Huiya stopped asking any more questions.

battlefield.

This word is unusual.

Song Yang thought for a while and then made a call: "Brother Duan, let's hold a board meeting after the Chinese New Year. Didn't Lianxiang propose that we should expand production capacity? Let's make a gesture and investigate more."

"So urgent?"

"It's just an inspection, and we can discuss what kind of decision we make." Song Yang thought for a while and then said, "We can consider launching DVD players in the domestic market a little later, and first go to the European, American and Japanese markets to ask questions and see the situation.

"

There was silence on the other end of the phone, and then he said: "You have to convince me."

"Then let's meet as soon as possible."

The mentality of a holiday, the atmosphere of the Spring Festival, some people are relaxing and enjoying, while others are busy preparing.

On the 68th day of the first lunar month, many people started working, but the DVD players that some people expected did not go on sale.

It seems that last year they only boasted about their awesomeness, but this year they are still selling VCD machines.

"You don't have a prototype of your DVD yet! Don't buy a license. The machine won't be launched until next year." Li Ru asked Zhu Shaohong doubtfully, "I told you, I still have to give you face. For DVD+RW format, I authorize it."

It’s better to sell Sanyou Electronics. You can’t achieve the results of one year.”

Zhu Shaohong smiled easily: "It's real money, what is Mr. Li worried about? It's a signing ceremony. Mr. Li has to give me a confirmation, can I attend?"

Li Ru looked a little melancholy and muttered: "It's so bad!"

Wan Yan dragged one of the shareholders of Sanyou Electronics to her signing ceremony, which may have released too much information.

"Cooperation and holding are important investment matters for Wan Yan." Zhu Shaohong thought he couldn't help but say, "Mr. Li, due to circumstances and reasons, you have to attend the signing ceremony."

Li Ru gritted his teeth: "...Okay. But the agreed money must come first!"

"As soon as the registration is completed, everyone will arrive immediately!" Zhu Shaohong replied immediately.

Li Ru reluctantly nodded, feeling happy.

Chunya Investment withdrew "unconditionally", while Wan Yan invested and controlled Sanyou Culture at a price "worthy of his status", and Li Ru made a fortune.

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Of course... this still has to be like what that guy Song Yang said, this company can eventually come back and Wan Yan can change ownership.

Li Ru didn't understand that complicated game very thoroughly.

But at least from the current perspective, the price offered by Wan Yan is very "sincere".

Whether it's out of consideration for "acquisition" of Li Ru, or because controlling Sanyou Culture is very beneficial for them to tell stories and raise the stock price.

In fact, Zhu Shaohong and Gu Song have already noticed the news that Sanyou Electronics will start investigating the location to open a new factory after the Chinese New Year.

During the event at the end of last year, Phantom VCD really sold a lot of goods.

Fortunately, after the Chinese New Year, the DVD player was not actually put on sale.

Is it a process problem or other reasons?

Wan Yan didn't know it, but it didn't stop them from continuing at their own pace.

Of course, there is another worry: Is the DVD prototype that Sanyou Electronics took out a fake product or the real thing?

…

Song Yang also came to Dai's house to pay New Year's greetings.

Dai Xing is not here, but Dai Han is here.

Of course, that includes Dai Can.

"...You mean, the first batch of machines are only for export?"

"Try the water." Song Yang nodded, "Sony and Philips, which we cooperated with, just gave us the opportunity to be the first to launch. In early January, domestic trade fairs were held, and foreign countries participated in the Consumer Electronics Show.

, the feedback is still good. However, facing the brands of Sony and Philips, how well we can sell abroad depends on local channels."

This year's CES was held in early January.

The first year was DVD discs, and this year DVD prototypes appeared.

Media reports have attracted a lot of attention, but it is not easy to gain recognition in the market.

What brand is MEING? I have never heard of it.
To be continued...