Chen Dong woke up and found himself reborn in 1990, a time when gold was everywhere. Carrying the regrets of his past life, he started by selling tea eggs...
Financial crises, oil crises, gra...
After understanding the cause and effect, Chen Dong smiled and said, "How can you say that Asheng relied on luck? In the capital market, so-called luck is also a key factor for success."
"Besides, you attribute everything to luck, can't that be Ah Sheng's own judgment?"
Seeing Chen Dong speak up for him, Xiang Huasheng's expression improved considerably. Feeling a warmth in his heart, he said, "That's right, this isn't luck, but my own judgment."
“The boss had previously told us to stop investing too much money, and the Thai authorities have also repeatedly emphasized their determination to protect the Thai baht’s exchange rate.”
"Therefore, I made a decisive decision to withdraw after the hedge fund pulled out a big positive line."
"As everyone has seen, the Thai government announced two major announcements in the early hours of that night. I think my actions and judgments were correct, and it wasn't luck at all."
“That’s right!” Chen Dong nodded, picked up where Xiang Huasheng left off, and added, “Although the size of the funds managed by large hedge funds is something the Thai government can’t withstand, don’t forget that.”
“When an official of a sovereign state repeatedly emphasizes one thing, it means that they have made plans for the worst and have done sufficient preparation. In a stage where the enemy and friend are unclear, what is the best approach? It is to temporarily avoid the enemy's sharp edge, wait for the other party to reveal their hand, and then respond accordingly, rather than playing all your cards at once.”
"In this way, they will only become cannon fodder in the confrontation between hedge funds and the Thai government."
Chen Dong's words made everyone present fall into deep thought. At this moment, Wangcai asked thoughtfully.
"Boss, if that's the case, then the most advantageous measure for the Thai government is administrative intervention?"
“Wrong!” Chen Dong shook his head and continued, “Administrative intervention can only treat the symptoms, not the root cause. In the end, it still comes down to strength.”
"Furthermore, as far as I know, other Southeast Asian countries and regions are hostile to the international speculative capital that has been eyeing them covetously. It should be noted that Thailand's economic system and degree of financial openness are, to a large extent, a replica of those of other countries and regions."
"I believe everyone understands the principle of 'if the lips are gone, the teeth will be cold,' and this is the key point I want to make. The other countries and regions will not sit idly by. The collapse of the Thai baht will not benefit them. Imagine that once the Thai baht collapses, international speculative capital will turn its attention to other countries and regions in Southeast Asia."
Wangcai nodded as if he understood, then, as if he had figured something out, asked, "Boss, so you mean that other countries and regions are likely to supply Thailand with guns and ammunition in this baht battle?"
"It's not just a possibility, it's a certainty. At the very least, Singapore and Hong Kong will provide funds to the Thai government to defend against attacks from international speculative capital."
The other traders and operators were all shocked when they heard Chen Dong say that.
Even Hong Kong and Singapore are getting involved?
Chen Dong nodded and then ignored him, turning his attention back to Xiang Huasheng and asking him a question.
"Ah Sheng, you've been in our trading department for a while now. If you were here, which side would you be on—the international speculative capital side or the Thai side?"
After a long pause, Xiang Huasheng raised his head again, his face resolute, and said, "Boss, I personally believe that although the Thai government can withstand this attack, I am still not optimistic and will still choose to short the Thai baht."
This seemingly contradictory answer caught Chen Dong's eye, and he asked almost without thinking, "How can you be so sure?"
The implication is that Chen Dong actually had similar plans.
Xiang Huasheng smiled upon hearing this: "Boss, you taught us not to judge a book by its cover. On the surface, international speculative capital attacked the Thai baht, and the Thai government used administrative means to resist the attack. Logically speaking, the international speculative capital should have retreated quickly."
"However, I believe the opposite is true. The reason why international speculative capital is targeting the Thai baht is because the Thai domestic financial environment has been found to have vulnerabilities that can be exploited by international speculative capital. The Thai government's statement this time also reflects that the Thai government is actually strong on the outside but weak on the inside. In fact, they cannot withstand the next attack at all."
...
Three days later.
Yanjing (Beijing).
Longteng Hotel.
"Mr. Wang, a lot of people have come outside, saying that our hotel's fire safety facilities are substandard and demanding that we suspend operations for rectification. We also can't contact Mr. Hu. What should we do?" The front desk manager reported anxiously.
"What? A temporary shutdown for rectification? Could they have made a mistake?" Mr. Wang was taken aback and exclaimed, "Our hotel's fire safety facilities are built to international standards. How could they be substandard?"
"I don't know either. Let's think of something first."
"Don't worry about that, help me keep them calm." Mr. Wang said a few words of comfort, then quickly picked up the phone and dialed Ah Hu's private number.
"Beep...beep...beep..." The phone rang with no answer.
"Xia, I know where Mr. Hu lives. I'll drive there to find him right now. Remember, you must keep him calm first."
"Understood, Mr. Wang."
[This station has a breaking news report: According to a tip from residents of Chaoyang District, a male body was found in the northern suburbs around noon today. Police arrived at the scene and conducted a thorough investigation into the man's identity. The deceased was a 32-year-old male. The cause of death is currently unknown, but he is suspected to be the general manager of Longteng Hotel, a subsidiary of the Longteng Group. The matter is still under further investigation.]
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