Chapter 1231

"The reason why we in Thailand can maintain such a high economic growth rate is that our Thai people are hardworking and willing to work. Our people are full of wisdom and are also a gift given to us by the Great Buddha!"

"Therefore, our great country will continue to prosper, and will become greater and stronger in the future. Therefore, our financial industry and our real estate industry will develop at the same high speed!"

"As financial practitioners, we must understand these things ourselves and firmly believe in them. Otherwise, how can we convince your customers and our customers to give us the money safely?"

…………

After listening to a passionate internal training course, Bala chenava returned to his job.

Bala Shinawatra is a staff member of Bangkok Bank of Thailand.

The name is Pangu bank. Because Thailand mainly exports agriculture, many of their domestic banks are also related to agriculture. The Agricultural Bank of China is one of the largest banks!

Since 1992, because Thailand's exchange rate policy has bitten the US dollar, with the increase of the US dollar exchange rate, Thailand's Thai baht exchange rate has also increased, which has led to a heavy blow to Thailand's exports and industry. Thailand's economic development has gradually shifted from industry to real estate and finance. In just four years, The average real estate price in Thailand has increased by about four times.

A fool can see that the water in it is too high.

But even so, from institutions and even ZF, they continue to receive funds from the real estate or financial industry. When exports show signs of decline in October, they can only rely on the real estate and financial industry to continue to maintain the country's development.

Just as Bala chennava was going to continue to deceive the next customer and invest the money into a fund under their bank, Bala chennava found that the person in front of him didn't seem to want to invest money to buy the fund.

The other party seems to want to borrow money.

"Are you sure you want to mortgage your factory in Bangkok, sir?" Bala chenava repeated.

"Good," said the other.

"Are you going to borrow money to speculate in stocks?" Bala chennava asked with a smile. Now Thailand's stock market is hot, and countless rumors of getting rich overnight have wandered around the whole Thailand. Therefore, there are many examples of people taking their various assets to mortgage loans in exchange for funds to speculate in stocks.

So Bala chenava asked with a smile when he saw that the other party wanted to mortgage his company.

"Almost!" the other party laughed. I don't know why. Bala chenava always felt something wrong once, but I don't know why.

After that, Bala chenava reviewed the other party's various procedures and certificates, determined that there was no problem with these things, and signed a one-year loan agreement with the other party.

The other party takes its own industry as collateral and loans 12 million baht, while Pangu bank charges 6% interest. This is a very normal loan transaction without any problem.

But I don't know why. After an hour, a second person came to handle the loan business. He also took an asset in Thailand as a mortgage loan, but this time it was a loan of 60 million baht.

Bala chenava also helped the other party to go through the loan procedures after reviewing that there was no problem.

As a result, at the end of the day, Bala qinnava was surprised to find that he had handled a full four loan businesses in one day, which was the day when Bala qinnava handled the most loan business in the past year.

However, considering that there were more times in the past and the current hot stock market, Bala chenava didn't think too much. He just thought that all the money was invested in the stock market.

Bala chenava knew that his colleagues also received a lot of loan business, the total amount of which was more than one week at ordinary times.

And these are all short-term loans, only for a few months.

However, no one takes these things to heart. After all, although such things are rare, they are not absent.

And the bank is also very happy. When the money is lent out, it will receive profits. If there is no profit, there will be industrial mortgage. How can this be a matter of no loss!

In this way, about a month later, Bala chenava, who was handling loan business for a new customer, was not approved by the head office when he submitted a report to the head office.

The loans with complete procedures and mortgages were not approved, which was a situation Bala qinnava had never seen before. Bala qinnava asked curiously, and learned from the strange looking president that the head office's Thai baht had been borrowed out. After all, the reserve funds were, so the head office asked to tighten the loan business. In short, the head office doesn't have enough baht to lend.

"There's a problem!" the president touched his head, then clapped his hands and said, "I see!"

"What do you understand?" Barra chenava asked puzzled.

"There's a lot of money pouring into the stock market. The stock market is going to continue to soar. I'll buy stocks quickly!" the president said and went to sell stocks excitedly. Bala qinnava thought it was very reasonable. Don't be busy. He invested all his money in the stock market and looked forward to his day of becoming rich overnight.

What these people absolutely don't know is that a few days ago, a foundation borrowed more than 100 billion baht from the Central Bank of Thailand by mortgaging more local assets.

What's more crazy is that some people even have nothing as collateral. They just borrow a lot of Thai baht from some banks with the signboard of their own foundation and a higher short-term exchange rate. The Thai baht capital pools of many banks have even been borrowed.

Some banks can't even stand the temptation of high and short-term interests, and even use their own dollars to buy some Thai baht from the money market to lend to each other, which leads to the rise of the exchange rate of the Thai baht.

Everything looks so hot. It seems that another financial prosperity is coming.

Unfortunately, it's not Shengshi, but Soros and Soros's Quantum Fund.

In June 1997, when another morning came in Thailand, a selling order of 10 million baht appeared in the Thai currency trading market.

This order was soon eaten with us $400000. Only when this order was eaten, another order of 10 million baht was thrown into the market.

Of course, all this seems very normal. No one can guess that a huge storm is coming that will sweep the whole of Southeast Asia.

Historically, Thailand's smashing began in February 1997. The world was postponed to June because of the little butterfly boss Jia, the terrible financial war.

But what should come will come after all.