Chapter 592: Next Target

After a short stay in Central, Zhang Ke and his friends took a ferry to the Peninsula Hotel. Ye Jianbin and Nick Li Sen and his friends stayed at the Peninsula Hotel for two months without moving.

In early August, the Indonesian government gave up resistance, and the Indonesian rupiah fell sharply. They had another delicious meal. The short position of the 500 billion rupiah was once again earned more than 50 million US dollars under Nick Lisen's calm command.

Zhang Ke's room in the Peninsula Hotel is still preserved. When they arrived there, Sun Shangyi and Ge Mingde had been waiting there for a while. In addition, Nick Lisen and the five partners also rarely appeared together at the Peninsula Hotel.

Zhang Ke pushed the door open, Sun Shangyi, Ge Mingde, Nick Lisen and others stood up, Zhang Ke couldn't afford it, pointed to the ice drink in front of everyone on the wooden table, and smiled and said, "You all drink it..." He walked behind the bar, took out two bottles of Carlsberg from the freezer, handed Ye Jianbin a bottle, and then came over to sit down, "I heard that the weather in Hong Kong will be good these days. Last summer, it didn't rain for a few days..."

"Talk about the weather?" Ge Mingde said with a smile, "Then let's talk about the weather..." He handed the folder in front of him to Zhang Ke, "You can look at this thing first, let's talk about the weather, so we'll have nothing to do."

Zhang Ke smiled and said, "I want to go swimming by the beach, and I'm planning on the plane... I'll chat with you here and leave later."

Ye Jianbin smiled and didn't expect Zhang Ke to stay in the Peninsula Hotel at night. Xu Si returned to Hong Kong the day before yesterday.

The records of the folder are kept confidential and will not be taken out of the hotel room - secret speculation baht, Indonesian rupiah profitable. Although everything is in line with the game plan, this record is leaked to Thailand. The Indonesian authorities know that it is a bad historical record - but some content has been introduced by Ye Jianbin in the car, and many things were not hidden from Du Fei. However, in the formal meeting occasion, Du Fei was not allowed to participate in it for respect.

Zhang Ke took the file folder and flipped it around casually, and then he had seen it.

"Okay, I'll listen to your opinions. I'll study hard..." Zhang Ke put the file folder on the wooden table.

Except for Nick Lisen, everyone else tends to listen to Zhang Ke's opinions. He cherishes his words as much as gold and still wants others to throw bricks and attract jade. Sun Shangyi shook his head and smiled, saying, "Then please ask Nick to introduce it..."

"Speak Chinese or English?" Nick Lisen asked.

I have to admit that Nick Lisen's Mandarin level has improved rapidly in a very short period of time, but Zhang Ke has not heard of the term "Chinese" and his tone is still a bit strange.

Zhang Ke said, "You should speak in your native language..." As soon as he was in the car, he heard Ye Jianbin complain. In order to learn Chinese, Nick Lisen insisted on using Chinese dialogues and tortured him for two or three months. In addition to working places, he also asked Ye Jianbin to fine him 100 dollars for every word of English in private.

"Then I'll say it in Chinese," Nick Lisen introduced the development form of the current financial crisis in Mandarin in his weird tone. "The fat and flesh bones of the four Asian tigers are almost gnawed to the point where only some bones are left, and they cannot arouse the interest of financial giants. In those small countries, there are not even slags left, but the scale of peripheral hot money that flocks to the ground is getting bigger and bigger. I'm afraid no one can stop the trend of further spreading the financial crisis; in Asia, there are only two giant dragons, half a giant dragon and four small dragons left..."

Two giant dragons probably refer to domestic and RB, and half of the giant dragon refers to? Zhang Ke looked at Ye Jianbin in confusion, and Ye Jianbin explained: "India..."

Oh, India, can India be considered a half-dragon?

India's foreign exchange reserves are not high, but their foreign debt level is lower, which is also a key factor for India to avoid direct impact in the financial crisis in 1997; European and American investment banks can provide very little Indian ruble currency for speculative transactions, and there is so much money to compete for. Although it is clear that the Indian ruble will depreciate significantly in the next year, it cannot build short positions in the Indian ruble, and there is no secret channel for laundering money to enter the domestic securities and futures financial markets to build short positions. Everything is useless.

At this time, local Indian banks will even restrict the loan of Indian rubles to local Indian companies, not to mention the mortgage of foreign-funded companies and unknown sources of US dollars.

The Donghai Provincial Government under the leadership of Xu Xueping, in conjunction with the province's large state-owned enterprises, the Department of Transportation, and the Xiangxuehai, Xinguang Paper and other enterprise consortiums planned nearly one year in advance and borrowed a total of yen loans of nearly 2 billion US dollars from RB's financial institutions, which can truly be called the big short seller of this financial speculation.

This time, unsecured government credit loans will earn a huge profit of between 80 billion US dollars at a time, which will be enough for Donghai Province to build several highways and can also stimulate demand within the province; it is just that I don’t know how many of them will fall into my personal pockets, so there is nothing I can do about it.

The depreciation of the yen is also a general trend. Zhang Ke seems to be able to hear the screams of RB banks that provide loans due to exchange rate losses in the near future.

Of course, even if Xu Xueping left Donghai, the Donghai Provincial Government would not admit that they had speculative intentions.

Zhang Ke nodded and listened to Nick Lisen's introduction.

Following the huge amount of hot money to hunt the currency of small countries, the only thing left is the meat and bones.

After the Southeast Asian financial crisis raging, not only did Asian governments formulate policies to restrict foreign exchange speculative transactions against their own currencies, but even European and American countries were vigilant. This restriction is broad, and even the financial department of Aida Electronics does foreign exchange hedging transactions in the name of legitimate export of electronic products, which is extremely restricted and has to bear most of the exchange rate losses.

It is difficult for huge hot money to establish a large number of short foreign exchange positions in the foreign exchange trading market. During the buffer period of the financial crisis, more speculative behaviors occur in the foreign exchange spot market.

Zhang Ke and his other hedge funds of US$140 million were built in positions on the Thai baht and Indonesian rupiah nearly a month in advance. Taking advantage of the core impact of the first financial storm, they accumulated nearly US$110 million in floating profits. However, after the Thai baht was closed on July 20, the balance of funds in multiple accounts reached US$160 million. Following the large international hot money force, they continued to attack the monetary systems of Southeast Asian countries everywhere. In the past month, they won less than US$20 million.

From this point of view, we can see the embarrassment of speculators after the strict restrictions on foreign exchange speculative trading and the influx of larger hot money.

On the one hand, governments have restricted speculative transactions of their own currencies. On the other hand, short selling hot money gathered in the Asian financial markets is becoming increasingly large, and the trading opportunities for catching floating profits are further diluted.

Of course, an additional profit of 20 million US dollars in a month was also a pretty good achievement.

According to the information Zhang Ke learned, during the Asian financial crisis that lasted more than a year, the profit ratio of most hedge funds was only floating between 30% and 70%. The more abundant financial giants who mobilized a large amount of funds to secretly build positions were those financial giants who had mobilized a large amount of funds very early. They had various channels to penetrate into the financial markets of various countries, but compared with the scale of their mobilization of funds, the floating profit ratio was not high.

The financial crisis will continue to spread. At this time, if you can correctly judge the next attack direction of the financial crisis, you can follow the pace of financial giants while other peripheral hot money is roaming around without targets and gain greater profit opportunities.

Apart from India, there are still quite fertile prey left in this land of Asia, namely two giant dragons and four little dragons.

Speaking of which, in 1997, the scale of foreign trade in the mainland was only comparable to that of H Country, but the mainland's financial market only opened a very small gap to the outside world. They wanted to get in through various money laundering methods. In less than two or three years, it would not become a climate. Even if the RMB depreciates actively, the financial giants would not have a chance to make a profit.

Southeast Asia is the largest capital exporter for RB. A financial crisis broke out in Southeast Asia will inevitably drag RB into an economic recession. During this period, the RB financial market is turbulent, but the RB economy is so large that the US dollar foreign exchange reserves rank first in the world. Could the Japanese yen be the prey of financial giants?

Then there are four Asian dragons, including Singapore, Taiwan, Hong Kong, and H. The economy is moderate and the foreign exchange reserves are neither very large, but they are enough to attract tempting saliva. Moreover, the four Asian dragons have a high economic dependence with Southeast Asia. When a financial crisis broke out in Southeast Asia, they cannot stay out of the matter.

"Singapore, Taiwan, Hong Kong or H?" Nick Lison said in his weird Mandarin, "Hong Kong had an excellent opportunity before..."

"No need to think about Hong Kong," Zhang Ke said bluntly, "Since we have worked together for so long, we don't want to hide some things from you anymore. The four of us all have a deep relationship with Aida Electronics..."

"Ah?" Ye Jianbin originally washed a huge amount of HK$1 billion into several secret accounts opened in the Cayman Islands with the help of Nick Lisen. Even if Nick Lisen is slow, he knows that these funds were transferred from Hong Kong. Ye Jianbin, Sun Shangyi and others all have firm confidence in the short trend in the future. If they really want to short the Hong Kong financial market, this amount of funds can establish short positions on the Hong Kong Hang Seng Index. But they don't know that they have a close relationship with Aida Electronics. They said in surprise, "You have done something that annoyed those financial giants!"

"We cannot short the Hong Kong financial market from a righteous or private standpoint," Zhang Ke said with a smile. "Well, we also admit that we have done something that annoyed those financial giants. As for hot money without borders, this is a wrong statement in itself..."

Hong Kong's foreign exchange reserves are as high as US$80 billion, and over the years, Hong Kong's main capital exports have long shifted from Southeast Asia to the mainland, and the mainland's economic growth momentum shows no sign of recession. It is unrealistic to completely break through the Hong Kong dollar exchange rate system; what Nick Lisen said most annoyed the financial giant is the active ebb of the Hong Kong Hang Seng Index in the past month.

The Hang Seng Index's active retreat began with the collective warning of red-chip stocks, which originated from the announcement of performance warning news on July 11. In just over a month, those financial giants lost an excellent target of attack.

Anyone with a discerning eye can see that this is the central government's long-awaited warning to the Southeast Asian financial crisis. Nick Li Sen can of course see the faint shadow of the central government behind Ye Jianbin, Zhang Ke and others.

"How can hot money have no borders?" Nick Lisen smiled. He also knew that huge capital would inevitably entangle with a complex political background. Of course, they would not pursue the funder's financial background too deeply. "The Hang Seng Index has voluntarily retreated to the level of mid-1996, and is no longer a good goal. Not only is it not a good goal, I think it has caused some people quite painful..." When the Southeast Asian financial crisis officially began to spread from Thailand, red chip stocks were collectively warned, and Hong Kong's controlled and affected financial media naturally could not hold accountable whether there was any insider. However, a large number of attempts to raise the Hang Seng Index again, but the hot money that had not yet established a short position was trapped by the Hong Kong stock market that suddenly took the initiative to retreat, and it was difficult to get out. At this time, the Hang Seng Stock Index futures trading volume was also extremely sluggish, which was not enough to establish a large number of short positions.

"Except Hong Kong, Singapore, Taiwan, and H Country, which one is the next active target of those financial giants?" Ge Mingde asked after hearing Nick Lisen introduce so much.

In the history that happened, Hong Kong should be the main target of the next wave of attacks. At present, the possibility of Hong Kong being actively attacked has been greatly reduced.

"Country H," Zhang Ke looked at his watch, afraid that Xu Si would wait for him for too long, so he directly said the answer, "Country H, instead of hunting around without targets, we try to establish short positions in the Korean won during this period..."

Although it is very difficult to establish a short position at this stage, as long as the preparation time is long enough, it is still possible to build some, at least it is more likely to be hunted around in the cash market.
Chapter completed!