The past decade has been the golden period of economic development in Southeast Asian countries, but it is undeniable that these countries also have some deep-seated problems behind their development. The economy continues to overheat, the economic bubble expands, blindly introducing foreign capital, excessive short-term foreign debt, and banking system
Integrity, large amount of debts of enterprises, numerous bad debts of banks, etc., and more importantly, inappropriate foreign exchange policies. In order to attract foreign investment, these countries maintain a fixed exchange rate on the one hand and expand financial liberalization on the other hand, which has hyped up international speculators
The currency exchange rate of a certain country or region provides an opportunity to take advantage of.
On January 1, this day when it was supposed to celebrate the arrival of the New Year, and on the day of raising a glass to revelry, Thailand's financiers, bankers, heads of major financial institutions, and even major government officials did not look a little joyful, on their faces
It was full of sorrow, and it was so suffocated by the situation in front of me. As soon as the foreign exchange price was reported, hundreds of billions of huge capital rushed from all directions, constantly impacting the Thai foreign exchange market, with a little huge amount of funds.
It will erode Thailand's originally poor foreign exchange reserves in a little bit, and the US dollar invested by the government in the foreign exchange market cannot produce a few flowers, and will be impacted by huge capital without a trace.
In just four hours, Thailand's national bank could no longer take out a dollar to maintain a fixed exchange rate with the US dollar, and watched helplessly as the dominance of the national exchange rate turned to international speculators.
Thailand announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system. This time, international speculators completely tore off the disguise, and tens of billions of dollars hit Thailand's floating exchange rate. In less than a day, the exchange rate between the Thai baht and the US dollar was suppressed.
After one-fifth of the decline, the Thai baht depreciated. As a result, a financial crisis that triggered all over Asia officially kicked off.
Although international speculators have long realized that Thailand's economic bubble has expanded and foreign exchange policies have loopholes, it is inevitable to win by suppressing the Thai baht exchange rate. However, international speculators have never expected that Thailand's economic situation is even worse than they imagined.
The hedge funds with spare energy were helpless, which made international speculators do whatever they wanted. They conquered the fixed exchange rate price in just four hours, and cut the Thai baht on May Day in one day. This result made them ecstatic.
Thailand's fixed exchange rate has been cancelled, the floating exchange rate is getting lower and lower, the price ratio between the Thai baht and the US dollar has dropped to its historical lowest point, currency depreciation, prices soared, a large number of enterprises went bankrupt, large bank loans became bad debts, foreign exchange and finance
The market is in chaos, and banks and securities companies are rushing to go bankrupt. International speculators without any constraints began to plunder wildly. The assets and wealth of Thai people shrank greatly with the depreciation of currency. International speculators continue to suppress exchange rates and accelerate
The Thai baht depreciates, while the Thai currency depreciates, and the stock market is storming. The US dollar continues to merge high-quality enterprises, buy real estate on a large scale, and easily obtain hundreds of percent of the property at a pitiful price. Thailand is moving towards
On the verge of collapse.
"Ninger, the situation is very good, and the Thai government has a crisis of trust. The opposition party and the opposition party jumped out and accused the ruling authorities of failing to respond effectively. The financial field will inevitably collapse completely. At this time, if you don't add a fire and make a fortune, isn't it too
What a pity..." Judging from the rapid collapse of Thailand's financial market, it far exceeds Yan Ning's idea and plan. When encountering this kind of excitement, you cannot squeeze in and get a share of the pie. You have a lot of dollars in your hand.
Xie Shuiying, who is determined to become an international speculator, was anxious and as if she was in a hot room. She had to make n calls to Yan Ning's mobile phone almost every day, testing Yan Ning's determination over and over again, hoping that Yan Ning would relax.
, so that she can show her strength.
"No, no, Sister Shuiying, don't be impulsive. Lion fights with rabbits and do your best. Thailand's small country is weak. This is inevitable. Those international speculators have put in a big effort to make a concerted effort.
, How many hidden stakes have been ambushed? We are not prepared in Thailand. If we enter the market rashly, it is likely that it will become someone dig a hole and we will fill the soil. More than one billion US dollars of funds will definitely be a waste of water.
We can't even see it, we can't take this risk..." No matter how Xie Shuiying encouraged him, Yan Ning was unwavering and explained it over and over again, fearing that Xie Shuiying would make things worse when he was impulsive. He didn't seek too much, but just to be stable, and he went through all the troubles
Only a billion dollars of funds have been raised, but it is nothing in the capital market of tens of billions or even hundreds of billions of dollars. It is easy to get in but difficult to get out. If you make a mistake, you will be doomed. Strictly
I would rather not take this risk.
"Oh, if you don't let me enter the venue with such a good opportunity, my heart is like a cat scratching. No, I can't stand it anymore. Come and host. If you continue watching, my head will explode.
…” Both eyes stared at the foreign exchange price market that was falling constantly. Xie Shuiying's heart was bleeding. She waited for more than two months in this humid and stuffy ghost place, and traveled to and from major banks every day.
Financial institutions followed the white, black, and yellow people and bargained constantly, and the spitting stars spit out Lao Duo. Seeing the opportunity, Yan Ning didn't allow him to enter the market. Xie Dawu really couldn't stand it.
When I bit my teeth, I had the intention of quitting my pick.
"Sister Shuiying, why do you always think it is a good opportunity? There are so many problems here, can't you see it? It's not possible to crack down on Thailand's foreign exchange rate without sufficient strength. There must be several international funds and financial institutions in it.
Leading the leadership, these major institutions have attracted all the hot money from all over the world, successfully hitting Thailand out of nothing. But this is just the result, not the process. Do you know how much preparation they have done before? What effect do they need to achieve
Calculate it? When will the funds be withdrawn in batches? What will we do next? We don’t know these. When they withdraw, do you think you can still get them..."
Gradually losing patience, Yan Ning's tone became stern, pointing out Xie Shuiying's risky behavior with loopholes.
"Sister Shuiying, our plan exists as a whole, and every link is related. We chose Indonesia and tried our best to achieve good results. In order to wait for this day to come, we are about to be sure to
I have harvested it. You put your own land without collecting it, but you have to run to plow the land for others. I really can't figure out what you think..." As soon as the words changed, Yan Ning used a deep voice to Xie Shuiying.
At the critical moment of the battle, the idea of wanting to give up the ball and expressing disappointment. A tone of regret, Xie Shuiying was speechless with a little criticism.
"I'm sorry Ning'er, I'm not thinking carefully, I'm a little too impulsive..." Yan Ning got angry. Xie Shuiying knew Yan Ning's temper best. Generally speaking, if he doesn't go crazy or mess around, Yan Ning would let him go.
If you are bullied, you will be happy. But once you are involved in the matter of principle, Yan Ning has an overly ordinary perseverance. No matter how you threaten or induce it, Yan Ning will not relax a little. At present, Yan Ning is
In this case.
"Sister Shuiying, venture capital itself has certain uncertainty. Since we have chosen Indonesia as the investment goal and implemented all plans, we should stick to our own views and respond to changes in the same way as we remain unchanged.
Indonesia has stood firm in this economic crisis and the exchange rate is as strong as usual. That is why we chose the wrong goal and we cannot easily change the plans we have started to implement. Moreover, so far, there is no problem with our plan. On the contrary, we have achieved this
With great achievements, I guess you should have a conclusion in your mind. Even if we withdraw now and throw away the shares of the oil company, we will earn at least 600 million US dollars. This has exceeded our previous expectations.
What we need to do now is to expand this achievement in a comprehensive way and push it deeper. There is no risk in making a profit. Not to mention it safely, it can also squeeze out more benefits. Where can we find such a good thing..."
Looking for perfection is a taboo in venture capital. Yan Ning can see from Xie Shuiying's performance that her work experience and planning thinking are still insufficient. She will have the idea of advancing and retreating at critical moments. If she doesn't take this opportunity to do so,
Her thoughts were corrected, and she might have to make trouble in the future.
"It's Ning'er, it's not good. I won't think about anything more than Thai baht. Now I'm just waiting for international speculators to sweep Indonesia. Don't be angry..." Yan Ning broke the problem apart and broke it like this
After analysis, Xie Shuiying immediately realized how outrageous he was wrong. No wonder Yan Ning, who has always been humble, would lose her temper. It was indeed because she was a little confused.
Xie Shuiying is crazy because she has the potential of a witch, but she is not an unreasonable person. If she makes mistakes, she must admit it. It is not embarrassing to admit Yan Ning’s mistakes. Moreover, through this incident, Xie Shuiying realized it.
How big is the gap between himself and Yan Ning? In the past, he had more or less ambitions with Yan Ning, but the facts were already in front of him. It was as true as my father said. Yan Ning's understanding of finance was better than himself.
It's really much stronger.
The dispute over the direction of speculation finally ended with Yan Ning's victory. In the following time, Xie Shuiying calmed down. While spreading his smart team, he closely followed the direction of the impact of international speculators on the Asian financial market;
While frequently contacting Annasha, he promised the British pound and lured them to the US dollar, and learned about the secrets in the Indonesian National Bank, and completely divided the hard currency at hand into pieces, and transferred it to the British bank, and also transferred it to the
Various contracts were locked into special safes opened by banks, making sufficient preparations for the financial craze that was about to sweep Indonesia.