Hong Kong Movies: You Hongxingzi, what the hell is the charity king?

Chapter 818 "817" Thailand Trip: The Financial Storm Begins!

Jiang Tianyang's attempt to show off failed.

Upon closer reflection, the more I thought about it, the more terrifying it became. It seemed that Guan Zu was stepping on the very path he was meant to walk.

Was it intentional or unintentional?

Jiang Tianyang looked at Guan Zu beside him and felt that he was somewhat unfathomable.

quickly,

The boxing match has ended.

Guan Zu and Jiang Tianyang returned to Jiang Tianyang's manor, where Guan Zu will stay today.

the next day,
"Mr. Jiang..."

The study was filled with the aroma of tea.

Guan Zu sipped his tea and finally got down to business: "I've come here this time to reach a cooperation agreement with Mr. Jiang."

Jiang Tiansheng looked solemn.

Now for the important business!

"Mr. Guan, please speak!"

"Mr. Jiang must know about my Five Star Group in Hong Kong."

Jiang Tianyang flattered, "The Five Star Group is renowned far and wide; how could I not know it?"

He always dreamed of returning to Hong Kong Island and humiliating his brother Chiang Tin-sang.

Therefore, he also conducted a detailed investigation of the Five Star Group.

Guan Zu: "It's good that Mr. Jiang understands... I would like to cooperate with Mr. Jiang."

"The cooperation method is..."

Guan Zu roughly explained the cooperation model between Five Star Group, Samsung Group, and Wan Shuiye to Jiang Tianyang.

Jiang Tianyang was excited when he heard this.

Guan Zu provided money and manpower to help him strengthen his power.

Is there such a good thing?
Even after 2020, Thailand was still chaotic and dark, let alone now.

Jiang Tianyang also wanted to strengthen his own power.

With the support of a big boss like Guan Zu, he can continue to expand.

Considering the Five Star Group's dominance in Hong Kong, if I had that kind of dominance in one or two cities in Thailand, I could easily become a mini-King of Thailand.

"Mr. Guan, it's an honor to work with you... I'm very happy with the collaboration!"

Jiang Tianyang and Guan Zu shook hands tightly.

Guan Zu smiled and said, "It's a pleasure to cooperate with you!"

Over the next two days, Jiang Tianyang took Guan Zu on a trip to Thailand, after which Guan Zu bid farewell and left.

Because Soros is about to make his move!
……

1 month 16 day.

Bangkok,

Soros Fund Management's subsidiary.

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

Victor Green, head of the Soros Fund in Bangkok, stands in front of the projector.

"Gentlemen, the approval has been granted. January 18th will be the date we launch our first probing attack on Thailand's foreign exchange market."

With this remark,
The meeting room erupted in cheers.

A mix of excitement and nervousness.

We've been preparing for almost a year!
They're finally going to start showing their fangs!

Harvest season has arrived!

"According to our intelligence team's investigation, around the 18th, some large financial institutions in Thailand will conduct quarterly fund settlements and reallocations, which will cause temporary fluctuations in market liquidity. Furthermore, the Bank of Thailand has previously depleted its foreign exchange reserves significantly in order to maintain exchange rate stability..."

"This is the perfect time for us to launch our attack..."

"In addition, we have joined forces with five powerful hedge funds around the world. On the day of the operation, we will sell Thai baht in a concentrated and frantic manner in major foreign exchange trading centers around the world, such as New York, London, Tokyo, Singapore and Hong Kong, to create an atmosphere of panic and trigger a wave of selling by ordinary investors."

"In addition, there are dozens of professional intelligence analysts who will collect data on the Thai government's response speed, which will provide valuable experience for our subsequent offensive..."

"Next, I will make the following arrangements!"

Everyone stood in solemn silence!

"Hans, you're in charge..."

……

USA,

Soros Fund Management Group.

Soros sighed as he looked at the intelligence report from the major strike in South Korea.

"It's too late. I didn't expect such a large-scale strike to occur in South Korea..."

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

but,

Thailand is not bad either.

Thailand's bubble is even bigger; when it bursts, it'll be devastating.

Looking forward to the 18th!
……

Hong Kong Island, Soros Fund's branch office.

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

finally come.

This time, after 5 years, the Soros Fund will once again make a name for itself on the world stage!
……

1 month 17 day,
The Soros Fund, along with numerous other international funds, began to mobilize.

Spreading rumors.

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

"The Bank of Thailand's dollar reserves are insufficient, making it impossible to maintain the current exchange rate of the baht..."

"Thailand's M2 level has serious problems, with excessive money supply, making the depreciation of the Thai baht an inevitable trend!"

These rumors spread rapidly throughout the international foreign exchange market as they were passed on by word of mouth among major financial information platforms and traders…

……

Bangkok.

Bangkok Bank

In the bank president's office, sunlight streamed through the blinds, casting dappled shadows.

The bank manager is working with his female secretary.

Just then, a voice came from outside the door: "Excuse me, the bank manager is busy right now. Please come back in half an hour."

"In a hurry!"

Even if it's an emergency, it won't work.

"........."

understood.

Footsteps faded away.

Three minutes later, the bank manager, looking dignified and upright, left from the bedroom.

The bank manager pressed the red button.

Not long after, a bank executive walked in looking worried.

"Bank manager, we've received a message that we might need to pay attention to..."

"What news? Why so urgent?"

"Several rumors about the Thai economy have suddenly started circulating in the international foreign exchange market..."

The executives quickly relayed all the information that had been spread.

The bank manager immediately became alert: "Where did this information come from?"

The executive shook his head: "I don't know, but... I checked and it's spread throughout the domestic banking and financial industry. It's probably someone deliberately trying to cause trouble."

The bank manager's face grew even more gloomy after hearing this.

As the head of the bank, how could he not know what problems the Thai economy is facing?
He works at the First Bank of Thailand, and he's extremely sensitive to economic data. Although he has a crush on his female secretary, he's quite capable.

He realized: There must be someone pulling the strings behind the scenes!

Something bad might be about to happen!

...

At this moment, on Silom Road, Bangkok's Wall Street.

This area is home to the headquarters of many of the world's largest commercial organizations, such as Citibank, HSBC, Charoen Pokphand, and various banks, etc.

at this time,

Major banks and financial companies received the news and began to stir. Their top executives held emergency meetings to discuss countermeasures.

The news reached ordinary citizens a little 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 offshore local currency accounts without restrictions, and domestic institutional investors can also freely open offshore foreign exchange accounts.

Both residents and non-residents are permitted to conduct spot (T+2) and forward (1-year) foreign exchange transactions within the legal scope.

In other words, citizens can freely buy and sell Thai baht and US dollars.

……

……

January 18,
London.

As the world's second-largest foreign exchange trading venue, Soros Fund and numerous international funds have chosen to operate here.

As the clock struck 9 a.m.

Soros Fund's London office has begun issuing formal instructions:
"throw!"

Orders to sell the Thai baht poured in like a tidal wave.

Meanwhile, other hedge fund traders working with Soros Fund Management also took action.

They coordinated their efforts and frantically sold Thai baht in the foreign exchange market.

Suddenly, the supply of Thai baht in the London foreign exchange market increased dramatically, completely disrupting the previously relatively stable supply and demand relationship.

Financial institutions around the world finally realized what was happening.

It wasn't a rumor after all!

Are you serious?!
As a result, many others joined the ranks of those selling Thai baht.

As time went on, the Thai baht was sold off more and more heavily in the London foreign exchange market, and its price plummeted.

Subsequently, the world's largest foreign exchange market, New York, opened.

More institutions are selling off Thai baht!
Panic began to spread in the market, with more and more institutions selling Thai baht, creating a powerful wave of selling.

Meanwhile, Guan Zu remotely controlled the sale of some Thai baht in New York to test the waters first.

……

……

Thailand,

While the UK foreign exchange market was booming and the New York foreign exchange market was opening, it was around 6 p.m. in Thailand.

at this time,

Banks and financial institutions, which should have been closing time, were in complete chaos.

News of the Thai baht being frantically sold off in the London and New York foreign exchange markets reached here a few hours ago.

The telephones rang incessantly as traders shouted into the microphones to report on the situation while rapidly typing on their keyboards to check account positions and market data.

The bank's top executives were also urgently summoned, and they sat in the conference room with furrowed brows, discussing countermeasures.

The financial company was in a similar state of chaos.

...

Bank of Thailand Governor Phichai immediately convened an emergency closed-door meeting with key members of the Monetary Policy Committee and the foreign exchange management department.

"Governor, according to the data we just received, the Thai baht has been sold off in the London foreign exchange market for more than US$20 billion... If we do not take timely measures, the panic in the market will spread further and the consequences will be unimaginable."

"We must act immediately to stabilize market confidence."

An hour into the meeting,

The central bank governor received a call from the King of Thailand. He hurriedly left the meeting room and went to the Grand Palace to report to the King.

In Thai history, the Thai king is regarded as a wise and great monarch who reigned for a long time (the third longest in the world) and was widely loved by his people... well, I heard that you have to kneel down to worship him.

They talked for over an hour at the Grand Palace...

The governor then returned to the Bank of Thailand and quickly assembled a team.

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

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

"In addition, the news department has been notified to prepare an official statement emphasizing that the fundamentals of the Thai economy remain solid, that the central bank is determined and capable of maintaining the stability of the baht exchange rate, and urging the public to remain calm and not blindly follow the trend of selling."

……

……

……

24 hours have passed in the blink of an eye.

Guan Zu is staying at a hotel.

Messages are coming from the global foreign exchange markets.
The global foreign exchange market operates 24/7.
News keeps coming.

"Bank of Thailand holds press conference: Resolutely defending the Thai baht..."

"In the past 24 hours, the Bank of Thailand has used $10 billion of its foreign exchange reserves to intervene in the market, with 60% of that used for the defense during the New York session..."

"worldwide……"

……

……

The news finally reached the ears of ordinary people in the city.

Many citizens don't see any problem with it; in their view, whether the Thai baht depreciates or not doesn't affect their ability to buy things.

Some savvy citizens felt they should exchange their money for US dollars as soon as possible.

(Image: A-Ding and Hong Lai from "Ong-Bak/The Search for Buddha's Head")
Hong Lai tricked A Ding into winning over 2 baht at the boxing gym yesterday, so he went to the bank to exchange it for US dollars.

The bank rejected the application.

"Damn it, you said we could exchange for US dollars, why isn't it possible?"

Hong Lai cursed and swore.

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 antique dealer A-Tang and bring the Buddha head back to the village. After all, he was an orphan who was abandoned at birth on the steps in front of the village's Buddhist temple. A monk found him and took him in, and the villagers treated him well, so he was determined to help them find the Buddha head.

……

at this time,

On the other hand, the Thai stock market plummeted as soon as it opened that day!

……

News of the attack on the Thai baht in Thailand reached Hong Kong Island the very next day.

The banking and financial sectors in Hong Kong were in an uproar.

Hong Kong Monetary Authority, Director's Office.

"What a Soros!"

The bureau chief was so angry that he slammed the financial newspaper he was holding onto the table.

Cover Story: "Soros and Other International Funds Target Thai Baht, Triggering a Wave of Panic Selling!"

"What a good actress!"

The bureau chief gritted his teeth.

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

When someone asked Rodney Jones if he intended to attack the Hong Kong dollar in the same way he attacked the British pound, Rodney Jones replied that he was "optimistic about Hong Kong Island" and "optimistic about the future after the handover."

The Thai baht is now being targeted.
Anyone with half a brain can see that the Soros Fund also wants to do this in Hong Kong, targeting the Hong Kong dollar!

It was all a deception!
At this moment,
Ring ring ring~~~~
The Financial Secretary called: "Immediately notify all banks and financial institutions to report all contracts with the Soros Fund and international hedge funds. I need to know exactly how much Hong Kong dollar they have stockpiled!"

The Chief Executive of the Hong Kong Monetary Authority nodded: "Yes!"

After hanging up the phone,

The Chief Executive of the Hong Kong Monetary Authority summoned his secretary and issued an order to investigate.

"In addition, issue a notice to immediately tighten the Hong Kong dollar lending quota for all foreign hedge funds."

"Suspend all derivatives trading with the Quantum Fund!"

……

News of the attack on the Thai baht swept through Hong Kong's financial sector like a virus, with major institutions reacting in unison—

Angry curses.

Worried.

Meanwhile, HSBC, Standard Chartered, and other capital firms had already partnered with the Soros Fund and were already popping champagne ahead of time.

They want to detonate a huge bomb on Hong Kong Island, which is about to return to China.

Since they can't take it with them, let's destroy it!
The only thing to worry about is Guan Zu; they fear that Guan Zu might prevent the bomb from exploding.

Eh……

and many more.

Where's Guan Zu? Where is he? I haven't seen him showing off for days.

(End of this chapter)