Chapter 586

The international monetary exchange of Singapore is the main market for the trading of the Thai baht, as well as the foreign exchange markets in Tokyo and Hong Kong. Financial giants who sharpen their knives against the Thai baht stung these places. The opening of the international monetary exchange of Singapore tomorrow is the time for the real show.

Of course, those who stay in the trading market are usually only small roles. One or two of the real big horn fingers may be remotely commanded in the peninsula hotel in Hong Kong like them.

Zhang Ke held his arms in front of his chest and stared at the bright night outside the glass curtain wall. His lips were slightly pursed and silent.

At this moment, in addition to the strong confidence of the main hot money attacking the Thai baht, those peripheral hot money can also determine the direction. Only the Bank of Thailand and their allies will take over the surging orders of spot and forward contracts. Once they can't bear it, it is the end of the first game.

Zhang Ke smiled faintly and said, "their resistance and will will will be very weak. Our position will be increased to 40%."

Nick Leeson took a look at Ye Jianbin. He also agreed with this view. At the beginning of the establishment, he agreed on the conditions for the gold owners to jointly participate in the decision-making. Zhang Ke said that he wanted to see ye Jianbin's opinions. He also has a trader in New York who can do spot contract trading of Thai baht in New York, but it is still unknown whether he can increase the total position to 40%. The whole market sells Thai baht. Except for the Central Bank of Thailand, other buyers are very rare.

Foreign exchange spot contract trading is the most important form of foreign exchange trading. Foreign exchange futures may not be traded successfully for half a day, but spot contracts are traded through the merchant network anytime and anywhere, and their actual speculative functions are the same. They are both margin trading. Especially after the formation of the foreign exchange trading network, the trading volume of foreign goods spot contracts far exceeds that of foreign exchange futures trading.

In this game, Asian governments have a sense of crisis, and have restricted domestic financial institutions from speculating on spot contracts and forward contracts of Southeast Asian currencies such as the Thai baht. However, European and American financial capital forces are the biggest driving force behind the Asian financial storm, especially the offices of European and American banks in Singapore, Having a large number of currencies of Southeast Asian countries in hand is enough to support the huge spot contract and forward contract trading speculation that Southeast Asian governments can't afford.

Ye Jianbin nodded. His palms were sweating: Zhang Ke was really heartless. He fabricated a huge sum of nearly HK $4 billion in his hands. He didn't worry about the gain or loss at all. Here he was as relaxed as watching fire from a distance. Their Ye family really looked forward to drawing some thirst quenching funds from here.

The mobile phone in his pocket vibrated, but ye Jianbin was startled. When he took out his mobile phone, he felt a little embarrassed and too nervous. Seeing that it was his second Uncle Ye Zhenmin calling, he made a gesture to Zhang Ke and walked aside to answer the phone.

"Second uncle, please come over," Ye Jianbin hung up and whispered to Zhang Ke, "or let second uncle come by himself?"

Zhang Ke didn't have that face. Lao Ye Zhenmin went there in person. Besides, he should go to see ye Zhenmin after arriving in Hong Kong. He just pulled Ye Jianbin to the peninsula hotel first.

Zhang Ke pulled Du Fei's skirt, went out of the room together, called Tang Jing in the corridor and asked her to stroll around with Sheng Xia in the peninsula hotel.

Ye Zhenmin's temporary residence in Hong Kong is on Hong Kong Island. It is the official apartment of the Central Liaison Office in Hong Kong. From the Peninsula Hotel, the most convenient thing is not to drive, but to take the subway. You can walk out of the peninsula hotel for two or three minutes to the subway platform.

The predecessor of the Central Liaison Office is the Hong Kong Branch of Xinhua news agency. The office building is located in the West Ring overseas. Most of the officials of the Central Liaison Office come from central ministries and commissions and government agencies in mainland provinces and cities. West ring is the old urban area of Hong Kong, and most of the apartments of officials of the Central Liaison Office are old-fashioned buildings.

Ye Zhenmin's temporary apartment in Hong Kong is a red brick villa. First take the subway across the sea. When you reach west ring, you can also hear the tinkling of ancient trams, which is next to the west district police station.

Ye Zhenmin was thinner than when he last met in Beijing, but his eyes were bright. Without much words at the door, he went directly into the dimly lit study on the second floor, and ye Zhenmin also sent his secretary away; Du Fei also waited outside the study with Ye Zhenmin's secretary.

"Do you know the two news from Thai national television?" Ye Zhenmin closed the door of his study. Instead of sitting back on the high backed mahogany chair behind his desk, he stood in front of the dark brown desk with a tea porcelain pot, talking to Zhang Ke and ye Jianbin, "I just talked to the financial secretary of the Hong Kong government and the chief executive of the HKMA by telephone. There is great pressure from all parties. Hot money is surging, and European and American political forces are conniving behind it. I'm afraid the Thai baht will become the fuse..."

"This is probably the situation," Zhang Ke said faintly, "Currency speculators are aiming at the fixed exchange rates of Southeast countries. The Central Bank of Thailand must enter the foreign exchange market to intervene in the immediate and forward supply of Thai baht to maintain its fixed exchange rate balance. The Central Bank of Thailand reluctantly resisted the previous two attacks, but nearly half of their foreign exchange reserves have been consumed. This wave of attack will be more fierce, and their remaining foreign exchange reserves are simply insufficient to maintain the exchange rate Balance, once forced to choose a floating exchange rate, the Thai baht exchange rate will fall thousands of miles, and the long-standing economic crisis in Southeast Asia will always break out... Even if the Thai government borrows a large amount of US dollar foreign debt, it will just live in a muddle for a while, but the accumulated risk will be more violent... "

Zhang Ke knows that the Thai government will rescue everywhere at this moment. The Hong Kong government has 80 billion foreign exchange reserves and the central government has 120 billion foreign exchange reserves. It is uncertain that the Thai Prime Minister has called several times. However, between countries, if it is not for safeguarding their own interests, everyone will be willing to take advantage of the fire.

The ultimate purpose of Ye Zhenmin's visit to Hong Kong is to help the Hong Kong government resist the impact.

"It seems that everyone has firm confidence," Ye Zhenmin shook his head and smiled bitterly. "Everyone stares at a piece of bloody fat. It's a pity that the ten-year prosperity of these countries will be destroyed..."

"This is also a matter of no way..." Ye Jianbin's state of mind is relaxed after all. He smiled and said, "it's more realistic to care about Hong Kong."

Zhang Ke said: "Hong Kong stocks and futures indices are hanging high, just like an upside down sword, which makes people cold... Those international hot money attacking Thailand will mainly attack the Thai baht; attacking Hong Kong, Hong Kong has US $80 billion in foreign exchange reserves and the mainland has US $120 billion in foreign exchange reserves. It is not difficult to maintain the current linked exchange rate of Hong Kong dollar. International hot money will not dream of completely linking the Hong Kong dollar to the exchange rate system But they feigned to attack the Hong Kong dollar, focusing on Hong Kong stocks and futures indices. How should the Hong Kong government respond? "

Ye Zhenmin nodded. At present, the Hong Kong stock index has reached the peak of 17000 points, and Hong Kong is a financial free port, which can't stop the influx of international hot money - in fact, a large number of foreign capital has poured into Hong Kong stocks to be long before. If tens of billions of dollars of hot money is allowed to turn back to airport stocks in the general trend of the financial storm in Southeast Asia, it will be a terrible stock disaster!

"In addition to continuing to increase foreign exchange reserves and strengthen the supervision of currency flows, I think the HKMA needs to have the extensive power to use various means to counterattack against international hot money at any time. It can't go to the Legislative Council to ask for support in terms of authority after international hot money has ravaged Hong Kong..."

"Well..." Ye Zhenmin responded, noncommittal. He had his difficulties, "this needs to be discussed..."

Zhang Ke had some understanding of the course of Hong Kong in the past ten years. He knew Ye Zhenmin's difficulties in his heart.

After Hong Kong's return to China, it is necessary to maintain the original political and economic system and the principle of Hong Kong people ruling Hong Kong for a long time. Hong Kong implements the market principle of free economy, and the authority of the HKMA is strictly limited. If the HKMA wants to obtain extensive authorization in advance, ye Zhenmin will have to use his special identity to do some work. However, the people of Hong Kong may not understand this painstaking work and the news will leak Exposed, it is uncertain that the central joint office will fill up the demonstrators tomorrow and accuse the central government of secretly acting in violation of the promise of Hong Kong people ruling Hong Kong.

In the past, the people of Hong Kong were held down by the British and dared not speak out. After the reunification, they were free. It was normal to want to shout twice in the street whenever they met anything, but the Central Liaison Office was a little embarrassed in Hong Kong.

Zhang Ke smiled and said, "the most important thing is to maintain Hong Kong's stability and prosperity. A free economic system is supposed to be on the bottom of our feet."

Ye Zhenmin smiled and said, "sometimes you can't be afraid of wolves before and tigers after..." he said again, "there's one more thing to tell you. Should you build a warehouse and how much?"

Zhang Ke nodded and indicated that he had just arrived in Hong Kong this evening. It had nothing to do with him.

Ye Jianbin touched his head and said: "When we withdraw the funds, the second wave of attack on the Thai baht is coming to an end, it is too late to build short positions in the foreign exchange futures market, and the deposit trading and forward trading of Southeast Asian currencies by Asian banks have also been limited. However, European and American foreign banks are afraid that the world will not be chaotic, but they give a little lower leverage. In the trading of spot contracts and forward contracts, we It has also built a short position of about 7 billion baht and 600 billion rupiah. I think Hong Kong is mainly to prevent foreign banks in Europe and the United States from stabbing behind their backs. "

"Oh, you're just in time," Ye Zhenmin also knew that the Thai baht was the main target of international hot money this time, but Indonesia's economic system was more fragile. The Thai baht could not bear it and the Indonesian rupiah collapsed as soon as it was destroyed. He said: "in other places, you fish in troubled waters, and I can't control you. Don't touch Hong Kong, and you won't be clear in the future..."

"Never touch it," Zhang Ke laughed and said, "but when we want to fight back, we can help here. At that time, let's come clearly..."

"Let's talk about it then..." Ye Zhenmin couldn't refuse to act in unison.

Walking out of the red brick villa apartment of the Central Liaison Office, this old-fashioned building complex has sparse lights, clear night sky and lonely stars.

"Those big people who sing all night are destined to lose sleep tonight?" Zhang Ke, ye Jianbin and Du Fei walked in the streets without a word. Ye Jianbin was anxious to go back to the Peninsula Hotel and stare at the opening of the New York foreign exchange market. Zhang Ke stopped him, "What's the hurry? Now wait for the Thai baht to completely give up resistance. Everyone will rush up and ravage. You can't hurry..."

"How can you say it's so dirty?" Ye Jianbin has no way to take Zhang Ke's temper and change it for others. At this moment, even if he has full confidence, his heart will hang up. He can be neither anxious nor impatient. Is this a kind of bearing?

Zhang Ke laughed. Everyone took a walk under the starry sky, walked to the subway entrance, and took the subway back to the peninsula hotel. It was already one o'clock in the morning. Tang Jing and Sheng Xia have taken a bath. They are barefoot and haven't rested yet. The laundry they bought for him and Du Fei is placed on the wooden table in the living room.

Zhang Ke looks at the night sky outside the glass curtain. It seems that there are countless giant crocodiles with big mouths lurking between Victoria's bright harbors. In the financial frenzy surrounded by crocodiles, they are not qualified to swagger. At the last moment before the crisis, they say they want to increase their positions to 40%. Whether they can be completed or not is unknown.

A group of crocodiles gathered, with blood dripping teeth shining with a cold light. At this moment, they aimed at the Central Bank of Thailand and the Thai government's foreign exchange reserves of tens of billions of dollars.

This is a zero sum game. We must force the Thai government to completely give up resistance, which can be called a feast.

Zhang Ke doesn't think he can be better than others, but he has more firm confidence than others; At this time, it seems that confidence is not so necessary. No one will easily give up the feast, depending on how much they can get from it; It's like coming to Hong Kong for a holiday.

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