Chapter 825: 817 Thailand Trip: Financial Crisis Begins!

Jiang Brother Tian Yang failed to show off.

Thinking about it carefully, the more he thought, the more terrifying he felt. Gao Jin stepped on every path he was about to take.

"Is it intentional, or unintentional?"

Jiang Brother Tian Yang looked at Gao Jin beside him, feeling a bit unfathomable.

Soon,

the boxing match ended,

Gao Jin and Jiang Brother Tian Yang returned to Jiang Brother Tian Yang's manor. Gao Jin would stay here today.

The next day,

"Mr. Jiang..."

Inside the study, the fragrance of tea overflowed.

Gao Jin drank tea and finally began to talk about business: "I came here this time because I want to reach a cooperation with Mr. Jiang."

Jiang Tiansheng's expression was solemn.

Business is here!

"Mr. Gao, please speak!"

"I suppose Mr. Jiang should know about my Five Star Group in Hong Kong."

Jiang Brother Tian Yang complimented: "The Five Star Group is famous; how could I not know."

He had always been thinking about fighting back to Hong Kong and rubbing his brother Jiang Tiansheng on the ground?

So he also had a detailed investigation of the Five Star Group.

Gao Jin: "Since Mr. Jiang understands, that's good... I want to cooperate with Mr. Jiang."

"The cooperation method is..."

Gao Jin roughly explained the cooperation model between the Five Star Group, the Samsung Group, and the Tax King to Jiang.

As soon as Jiang Brother Tian Yang heard it, he was excited.

Gao Jin provides money and manpower to help him strengthen his power.

There is such a good thing?

This Thailand, even after 2020, is chaotic and dark, let alone now.

He, Jiang Brother Tian Yang, also wanted to strengthen his power.

If he had the support of a big boss like Gao Jin, he could continue to expand.

Think about the Five Star Group's ruling power in Hong Kong. If he had this ruling power in one or two cities in Thailand, he could also be a little Thai King.

"Mr. Gao, it is my honor to cooperate with you... Happy cooperation!!"

Jiang Brother Tian Yang shook hands tightly with Gao Jin.

Gao Jin smiled: "Happy cooperation!"

In the following two days, Jiang Brother Tian Yang took Gao Jin to play in Thailand for a few days, and then Gao Jin said goodbye and left.

Because Soros was about to take action!

January 16.

Bangkok,

Soros Fund branch.

A core secret meeting within the company was held behind closed doors.

Victor Green, the person in charge of the Soros Fund in Bangkok, stood in front of the projector.

"Everyone, the top has already approved it. January 18 is the day we launch our first tentative attack on Thailand's foreign exchange market."

As soon as these words were spoken,

the conference room was instantly filled with cheers.

Excitement and tension intertwined.

Prepared for almost a year!

Finally about to show its fangs!

The harvest season has arrived!

"According to our intelligence team's investigation, around the 18th, some large financial institutions in Thailand will conduct quarterly capital settlement and reallocation, at which time market liquidity will experience short-term fluctuations. Moreover, the Bank of Thailand previously consumed huge foreign exchange reserves to maintain exchange rate stability..."

"At this time node, it is the right time for us to launch an attack..."

"In addition, we have united five powerful hedge funds globally. On the day of the action, we will concentrate and crazily sell Thai baht in major global foreign exchange trading centers such as New York, London, Tokyo, Singapore, and Hong Kong, creating a panic atmosphere, thereby triggering a wave of follow-up selling by ordinary investors."

"In addition, there are dozens of professional intelligence analysts who will collect the reaction speed of the Thai government this time, which is conducive to providing experience for our subsequent attacks..."

"Next, I will make the following arrangements!"

Everyone was solemn!

"Hans, you are responsible for..."

United States,

Soros Fund Group.

Soros looked at the intelligence sent from the strike in South Korea and couldn't help but sigh.

"Too late, I didn't expect South Korea to have such a big strike event..."

"If I had known earlier, I should have changed the first attack target from Thailand to South Korea."

However,

Thailand is not bad either.

Thailand's bubble is bigger, and if it collapses, it will be enough to shake the mountains.

Looking forward to the 18th!

Hong Kong, Soros Fund branch.

Rodney Jones also received an email from headquarters and was overjoyed.

Finally here.

This time, the Soros Fund will be famous globally again after 5 years!

January 17,

the Soros Fund, as well as many international funds... began to mobilize one after another.

Spreading rumors.

"Thailand's economic bubble is too big, the real estate market is about to collapse, and the price of the Thai baht has completely deviated from its actual value..."

"The Bank of Thailand's US dollar reserves are insufficient, and it is completely unable to maintain the current exchange rate level of the Thai baht..."

"Thailand's M2 level has serious problems, currency is over-issued, and the depreciation of the Thai baht is an inevitable trend!"

These rumors, along with major financial information platforms and word-of-mouth among traders, spread rapidly in the international foreign exchange market...

Bangkok.

Bangkok Bank,

inside the bank president's office, sunlight spilled through the blinds, casting mottled light and shadows.

The president was working with his female secretary.

At this time, a voice came from outside the door: "Sorry, the president is busy, please come back in half an hour."

"It's urgent!"

"It won't work even if it's urgent."

"........."

Understood.

Footsteps left.

3 minutes later, the president tidied up his clothes, full of righteousness, and the female secretary left from the bedroom side.

The president pressed the red button.

Not long after, a bank executive walked in with a worried look.

"President, we received a piece of news, maybe we should pay attention to it..."

"What news? So urgent?"

"Now in the international foreign exchange market, several rumors about our Thai economy have suddenly begun to spread..."

The executive quickly said all the spread news.

The president suddenly looked alert: "Where did this news come from?"

The executive shook his head: "Unclear, but... I checked, and it has spread throughout the domestic banking and financial industry. I'm afraid someone is deliberately trying to make trouble."

After listening, the president's expression became increasingly gloomy.

What problems does the Thai economy have? Can he, the president, not know?

The bank he is in is Thailand's first bank, and he can be said to be extremely sensitive to economic data. Although he likes female secretaries, his ability is not bad.

He realized: it must be someone pushing behind the scenes!

Something might happen!

At this time, Bangkok's Wall Street—Silom Road.

This place gathers the headquarters of many large commercial institutions around the world, such as Citibank, HSBC, CP Group, and various banks... etc.

At this time,

major banks and financial companies received the news and began to stir.

Corporate executives urgently held meetings to discuss response strategies.

And when the news reached ordinary citizens, the speed was a bit slower.

It is worth mentioning that Thailand has long pursued a free economic policy and has no strict foreign exchange controls. Thai residents can open domestic foreign exchange accounts and overseas local currency accounts without restrictions, and domestic institutional investors can also freely open overseas foreign exchange accounts.

Residents and non-residents are allowed to conduct foreign exchange spot (T+2) and foreign exchange forward (1 year) within a legal scope.

That is to say, citizens can buy and sell Thai baht and US dollars at will.

January 18,

London.

As the world's second-largest foreign exchange trading place, the Soros Fund and many international funds chose to operate here.

As the bell rang at 9:00 AM,

the Soros Fund London branch began to officially issue instructions:

"Sell!"

Sell orders for Thai baht poured out like a tide.

At the same time, other hedge fund traders united with the Soros Fund also acted in the same way.

They coordinated and crazily sold Thai baht in the foreign exchange market.

For a time, the supply of Thai baht in the London foreign exchange market increased sharply, and the relatively stable supply and demand relationship was completely broken.

Financial institutions around the world finally reacted.

It was actually not a rumor!

Coming for real?!

So they also joined the ranks of selling Thai baht one after another.

As time passed, the scale of selling Thai baht in the London foreign exchange market became larger and larger, and the price plummeted all the way.

Then the world's number one New York foreign exchange market opened.

There were more institutions selling Thai baht!

Market panic began to spread, and more and more institutions sold Thai baht, forming a powerful wave of selling.

And Gao Jin's side also remotely controlled New York to sell a portion of Thai baht to practice first.

Thailand,

when the British foreign exchange market was in full swing and the New York foreign exchange market opened, it was past 6:00 PM in Thailand.

At this time,

banks and financial institutions that should have been off work were in a mess.

The news that the Thai baht was crazily sold in the London and New York foreign exchange markets reached here a few hours ago.

Urgent phone rings echoed one after another. Traders reported the situation loudly into the microphones while typing on keyboards at high speed to check account positions and market data.

Bank executives were also urgently summoned, frowning in the conference room, discussing response strategies.

In financial companies, it was also a scene of chaos.

The president of the Bank of Thailand, Pichai, also immediately summoned core members of the Monetary Policy Committee and the Foreign Exchange Management Department to hold an emergency closed-door meeting.

"President, according to the data we just received, the crazy selling of Thai baht in the London foreign exchange market exceeded 2 billion US dollars... If measures are not taken in time, market panic will spread further, and the consequences will be unimaginable."

"We must act immediately to stabilize market confidence."

One hour after the meeting,

the central bank president received a call from the Thai King's side. He hurriedly left the conference room and went to the Thai Royal Palace to report to the Thai King.

In Thai history, the Thai King is evaluated as a wise and great monarch, with a long reign (the third longest in the world), widely loved by the people... well, I heard you have to kneel and worship.

Talked for more than an hour at the Thai Royal Palace...

Then the president returned to the Bank of Thailand and quickly gathered manpower.

"First, activate the foreign exchange reserve intervention mechanism, use a portion of foreign exchange reserves to buy Thai baht in the market to alleviate selling pressure."

"At the same time, contact major commercial banks and ask them to cooperate with the central bank's actions to stabilize market liquidity."

"In addition, notify the news department to prepare to issue an official statement, emphasizing that Thailand's economic fundamentals remain solid, the central bank has the determination and ability to maintain the stability of the Thai baht exchange rate, and call on the public to remain calm and not blindly follow the trend of selling."

In a flash, 24 hours passed.

Gao Jin was staying in a hotel.

Pieces of news came from foreign exchange markets around the world.

The foreign exchange market does not close 24 hours a day globally.

News is constant.

"Bank of Thailand holds a press conference: firmly defend the Thai baht..."

"Within these 24 hours, the Bank of Thailand has used 1 billion US dollars of foreign exchange reserves to intervene in the market, 60% of which was used for the defense battle during the New York session..."

"The whole world..."

The news finally reached the ears of ordinary people.

Many citizens didn't think there was any problem. In their view, whether the Thai baht depreciates or not does not affect their shopping.

There were also some shrewd citizens who felt they should exchange for US dollars quickly.

(Image: "Ong-Bak: The Thai Warrior" A-Ding, Hong Lai)

Hong Lai fooled A-Ding into winning more than 20,000 Thai baht at the boxing gym yesterday, so he ran to the bank to exchange for US dollars.

As a result, he was rejected by the bank.

"Damn, it was agreed that I could exchange for US dollars, why can't I?"

Hong Lai cursed.

However, he quickly found a way to deposit the money and exchange it for US dollars online.

As for A-Ding, he was determined to find the cultural relic dealer A-Tang and bring the Buddha head back to the village. After all, he was an orphan, abandoned on the steps in front of the Buddhist hall in the village after birth. A monk found him and adopted him, and the villagers treated him well, so he must help the villagers find the Buddha head.

At this time,

on the other side, the Thai stock market plummeted as soon as it opened that day!

The news that the Thai baht was sniped in Thailand reached Hong Kong the next day.

The Hong Kong banking and financial industry was in an uproar.

HKMA, Director's office.

"What a Soros!"

The director was so angry that he slammed the financial newspaper in his hand onto the table.

Cover: "Soros and other international funds snipe Thai baht, Thai baht faces a wave of selling panic!"

"Really good at acting!"

The director gritted his teeth.

A year ago, when the Soros Fund came to discuss cooperation under the guise of 'investing in Hong Kong,' which capital in Hong Kong didn't welcome them warmly?

At that time, someone asked Rodney Jones if he wanted to snipe the Hong Kong dollar like 'sniping the British pound,' and Rodney Jones said he was 'optimistic about Hong Kong' and 'optimistic about the future of the return.'

Now that the Thai baht is sniped,

as long as you are not a fool, you can see that the Soros Fund also wants to use this trick in Hong Kong to snipe the Hong Kong dollar!

Everything is a lie!

At this time,

Ling ling ling~~~~

The Financial Secretary called: "Immediately notify all banks and financial institutions to report all contracts with the Soros Fund and international hedge funds. I want to know how many Hong Kong dollar positions they have hoarded!"

The HKMA director nodded: "Yes!"

After hanging up the phone,

the HKMA director called his secretary and issued an investigation order.

"In addition, notify them to immediately tighten the Hong Kong dollar lending quota for all foreign hedge funds."

"Suspend all derivative transactions with the Quantum Fund!"

The news that the Thai baht was sniped swept through the entire Hong Kong financial industry like a virus, and the reactions of major institutions were the same—

Angry cursing.

Worried.

It was the capital like HSBC and Standard Chartered that had already cooperated with the Soros Fund and opened champagne in advance.

They wanted to fiercely detonate a huge bomb for Hong Kong, which was about to return.

Since they can't take it away, then destroy it!

The only thing to worry about—is that Gao Jin. They were afraid Gao Jin would stop the explosion of this bomb.

Eh......

Wait.

Where is Gao Jin? Where is he? I haven't seen him show off for several days.

(End of chapter) ===== CHAPTER 826 =====