Chapter 592

After a short stay in central, Zhang Ke and his colleagues took a ferry to the peninsula hotel. Ye Jianbin and Nick Leeson stayed at the peninsula hotel for two months.

At the beginning of August, the Indonesian government gave up resistance, and the Indonesian rupiah fell sharply. They ate another meal. Under the calm command of Nick Leeson, they once again reaped more than $50 million in floating profits.

Zhang Ke's room in the peninsula hotel is still reserved. They arrived there. Sun Shangyi and Ge Mingde have been waiting there for some time. With Nick Leeson, it is rare for the five partners to appear together in the peninsula hotel.

Zhang Ke pushed the door and came in. Sun Shangyi, Ge Mingde and Nick Leeson all stood up. Zhang Ke couldn't afford it. He pointed to the ice drink in front of everyone on the wooden table and said with a smile, "you all have something to drink..." he went behind the bar, took out two bottles of Carlsberg from the freezer, handed one to Ye Jianbin, and then came over and sat down, "It's said 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..." handed Zhang Ke the folder in front of him. "Look at this thing first. We'll talk about the weather when we're free."

Zhang Ke smiled and said, "I want to go swimming at the beach. 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 at the peninsula hotel at night. Xu Si returned to Hong Kong the day before yesterday.

The records of the folder are confidential and will not be taken out of the hotel room - secretly speculating in Thai baht and Indonesian rupiah. Although everything is in line with the game plan, this record is leaked to the Thai and Indonesian authorities, which is a bad historical record - but some contents have been introduced by Ye Jianbin in the car, and many things have not been concealed from Du Fei, but it is For the sake of respect, Du Fei was not allowed to participate in the joint occasion.

Zhang Ke took the folder and turned it casually, so he had seen it.

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

With the exception of Nick Leeson, other people tend to listen to Zhang Ke's opinions. He spared no words and asked others to throw bricks and attract jade. Sun Shangyi shook his head, smiled and said, "please ask Nick to introduce..."

"Chinese or English?" Nick Leeson asked.

I have to admit that Nick Leeson's Mandarin level has improved rapidly in a very short time, but Zhang Ke has not heard of the saying "Chinese", and the intonation is still a little strange.

Zhang Ke said, "you'd better speak in your mother tongue..." just after listening to Ye Jianbin complain in the car, Nick lisen has tortured him for two or three months by insisting on dialogue in Chinese in order to learn Chinese. In addition to the workplace, ye Jianbin fined him $100 for every word of English he said privately.

"Then I'll say it in Chinese," Nick Leeson introduced the development form of the current financial storm in his strange Mandarin, "The fat and bones of the four Asian Tigers have almost been gnawed, leaving only some bone debris, which can not arouse the interest of financial giants. Those small countries have no residue, but the scale of the influx of peripheral hot money is getting larger and larger. I'm afraid no one can stop the further spread of the financial storm. In Asia, there are only two giant dragons left Half a giant dragon and four little dragons... "

The two dragons probably refer to domestic and Rb, and the half dragon refers to "Zhang Ke looked at Ye Jianbin suspiciously, and ye Jianbin explained:" India... "

Oh, India, can India be half a dragon?

India's foreign exchange reserves are not high, but their foreign debt level is lower, which is also the key factor for India to avoid direct impact in the 1997 financial crisis. The amount of Indian ruble currency that European and American investment banks can provide for speculative transactions is very small, and there are so many funds to compete for. Although it can clearly predict that the Indian ruble will depreciate significantly in the next year, it can not build India The short position of Du ruble, and there is no secret channel to launder money into India's domestic securities, futures and other financial markets to build short positions, all in vain.

At this time, local banks in India will even restrict the lending of Indian rubles to local Indian enterprises, let alone foreign-funded enterprises and mortgage dollars of unknown origin.

The Donghai provincial government under the chairmanship of Xu Xueping, together with large state-owned enterprises, the Department of communications, xiangxuehai, Xinguang paper and other enterprises and institutions in the province, planned nearly a year in advance and lent a total of Japanese yen loans equivalent to nearly US $2 billion to RB's financial institutions, which can really be called the big short of this financial speculation.

This unsecured government credit loan will reap huge profits of US $8 to US $1 billion at a time, which is enough to build several expressways in Donghai province and stimulate the demand in the province; but I don't know how many will fall into personal pockets, which is also a matter of no way.

The depreciation of the yen is also the general trend. Zhang Ke seems to be able to hear the howls of Rb banks that provide loans because of exchange rate losses in the near future.

Of course, even if Xu Xueping leaves the East China Sea, the East China Sea provincial government will not admit that they have speculative intentions.

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

With the huge scale of hot money to hunt the currency of small countries, there are only some meat foam and bone residue left in the mouth.

After the Southeast Asian financial crisis, not only Asian governments have formulated policies to limit foreign exchange speculation against their own currencies, but also European and American countries have been vigilant. This restriction is extensive. Even Aida's electronic finance department has great restrictions on foreign exchange hedging transactions in the name of legitimate export of electronic products, and has to bear most of the exchange rate losses.

It is difficult for large-scale hot money to establish a large number of foreign exchange short positions in the foreign exchange trading market. In the buffer period of the financial storm, more speculation takes place in the foreign exchange spot market.

Zhang Ke and his US $140 million additional hedge fund established positions in baht and IDR nearly a month in advance, and accumulated a floating profit of nearly US $110 million by taking advantage of the core impact of the first financial storm; However, after the closing of the Thai baht on July 20, the balance of funds in many accounts reached US $160 million. Following the large force of international hot money, it continued to attack the monetary systems of Southeast Asian countries. In nearly a month, it gained less than US $20 million.

From this point, we know the plight of speculators after severe restrictions on foreign exchange speculation and a larger influx of hot money.

On the one hand, governments restrict speculative trading in their own currencies. On the other hand, the scale of short hot money gathered in Asian financial markets is becoming larger and larger, and the trading opportunities to hunt for floating profits are further diluted.

Of course, in a month's time, the additional fishing profit of $20 million is also quite good.

According to the information obtained by Zhang Ke, during the Asian financial turmoil of more than a year, the profit proportion of most hedge funds fluctuated only between 30% and 70%. The financial giants who mobilized a large amount of funds for secret position building very early. They have various channels to penetrate into the financial markets of various countries, but compared with the scale of funds they mobilized, The proportion of floating profit is not high.

The financial storm will spread further. At this time, if we can correctly judge the next attack direction of the financial storm, we can keep up with the pace of financial giants and obtain greater profit opportunities while other peripheral hot money roams aimlessly.

Apart from India, there are still two giant dragons and four little dragons left on the land of Asia.

In 1997, the scale of the mainland's foreign trade was only as large as that of country h, but the mainland's financial market only opened a tiny gap. They wanted to get in through various ways of money laundering. They couldn't get into the climate in two or three years. Even if the RMB devalued actively, the financial giants didn't have a chance to make a profit.

Southeast Asia is the largest capital export place of Rb. The outbreak of financial turmoil in Southeast Asia is bound to drag RB into economic recession. During this period, Rb's financial market has been turbulent, but RB's economy is so large and the US dollar foreign exchange reserves rank first in the world. May yen be the prey of financial giants?

Then there are the four Asian dragons, Singapore, Taiwan, Hong Kong and h. their economies are moderate. Their foreign exchange reserves are not very large, but they are also enough to attract tempting saliva. Moreover, the four Asian dragons are highly dependent on Southeast Asia. They can't stay out of the financial crisis in Southeast Asia.

"Singapore, Taiwan, Hong Kong or H country?" Nicholson said in his strange Mandarin. "Hong Kong had an excellent opportunity before..."

"Don't think about Hong Kong," Zhang Ke said bluntly. "Since we have cooperated for so long, we don't want to hide some things from you. All four of us have a deep relationship with Aida Electronics..."

"Ah?" it was with the help of Nick Leeson that ye Jianbin successfully laundered the huge amount of HK $1 billion into several secret accounts opened in the Cayman Islands. Even if Nick Leeson is slow, he knows that these funds are transferred from Hong Kong. Ye Jianbin, sun Shangyi and others have firm confidence in the short trend in the future market. If they really want to short the Hong Kong financial market, This fund can establish a short position in Hong Kong's Hang Seng Index, but I don't know they have a close relationship with IDA electronics. I was surprised and said, "you did something that annoyed those financial giants!"

"No matter from the standpoint of justice or private, we can't short the Hong Kong financial market," Zhang Ke said with a smile. "Well, we also admit that we have done something that annoys 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 $80 billion. Over the years, Hong Kong's main capital export has long shifted from Southeast Asia to the mainland. The mainland's economic growth momentum shows no signs of recession. It is unrealistic to completely break through the Hong Kong dollar linked exchange system; Nick Leeson said that the most annoying thing for financial giants is the active ebb of Hong Kong's Hang Seng Index in the past month.

The active ebb of the Hang Seng index began with the collective warning of red chips originated from the performance warning news released by IDA electronics on July 11. In just over a month, those financial giants lost an excellent attack target.

Anyone with a clear eye can see that the central government has long been vigilant against the financial turmoil in Southeast Asia. Nick Leeson can certainly see the faint shadow of the central government behind Ye Jianbin, Zhang Ke and others.

"How can hot money have no borders?" Nick Leeson smiled. This is a simple truth. He also knows that huge capital is bound to entangle with complex political background. Of course, these people will not go too deep to investigate the financial background of the financier, "The Hang Seng Index has taken the initiative to fall back to the level in mid-1996, and it is no longer a good goal. It is not a good goal. I think it has caused some people considerable pain..." When the Southeast Asian financial crisis officially began to spread from Thailand, the red chips gave a collective warning, and Hong Kong's controlled and affected financial media were naturally unable to pursue responsibility for whether there was any insider. However, a large number of hot money trying to fry the Hang Seng index again, but without time to establish a short position, trapped and difficult to get out of the sudden active ebb tide of Hong Kong stocks. At this time, the Hang Seng stock index futures The trading volume is also extremely weak, which is not enough to establish a large number of short positions.

"With the exception of Hong Kong, Singapore, Taiwan and H country, which is the active target of those financial giants in the next step?" Ge Mingde asked after listening to Nick Leeson's introduction.

In the past, Hong Kong should be the main target of the next wave of attacks. At present, the possibility of active attacks on Hong Kong has been greatly reduced.

"Country h," Zhang Ke looked at his wristwatch and was afraid Xu Si would wait for him too long. He said directly, "country h, instead of hunting aimlessly, we try to establish a short position in the won during this period..."

Although it is very difficult to establish short positions at this stage, some can be built as long as the preparation time is long enough, at least more than the opportunity to hunt around in the spot exchange market.

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