Violators Club

Chapter 256 $4.56 Million

Chapter 254 $4.56 Million

It's messed up, totally messed up.

I don't know what to think, but I feel like I can do it?

Or is it that the high-speed economic growth of 8% per year over the past few years has made Siam inflated?
On July [-]nd, the second day after Hong Kong's return, Siam announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system. The direct consequence of this policy was to trigger a financial turmoil throughout Southeast Asia!
On that day, the exchange rate of the Thai baht against the US dollar fell by 17%, and the foreign exchange and other financial markets were in chaos.

Under the influence of fluctuations in the Thai baht, four or five surrounding countries have successively become targets of international speculators.

But these have nothing to do with Chen Changqing, because he knew the emergence of the financial crisis in advance.

At Chen Changqing's request, Fang Jinxin started a series of crazy operations.

The first to be hit was real estate in Siam.

The stock price fell directly below the $52.6 mark from the original average price of $40.

Under Fang Jinxin's operation, he bought stocks with a total value of 48 million US dollars in the market at an average price of 2000 US dollars, and then shorted the 2000 million US dollars of stocks.

The so-called shorting is like doing business.

You are optimistic about a batch of toys, and the current price is five yuan each, and then you pre-sell them at a price of five yuan, but a week later, the price of the toy becomes three eight yuan.

In other words, it should have cost five yuan each.

Now it has become [-] yuan, but the price you sell is still [-] yuan, and the [-] yuan saved in the middle is your net profit.

Of course, if the price of the toy rises from five to six eight?
When it was traded a week later, each toy cost $[-].

In general, shorting is a matter of both benefits and risks.

Under normal circumstances, if there is no accurate news, it is best not to play short-selling tricks, because the market is constantly changing, and if you are not careful, you will die miserably. The simplest example is the game station incident of Yingjiang.

From less than 20 US dollars at the beginning, it soared to more than 300 US dollars.

If someone shorts this stock, I am afraid that the pants to be paid are all gone.

Therefore, shorting is risky, and investment needs to be cautious!

Chen Changqing is here because he has internal information. On the first day of the transaction, Chen Changqing made a profit of 001 million US dollars on the real estate stock No. 005-2000.

However, the 2000 million US dollars was lost the next day.

Naturally, the capital tycoons on the Siam side could not allow the stocks to plummet wildly, and a full billion dollars were poured into the market to revive the sluggish market on the [-]nd.

Unfortunately, this situation did not last too long.

Because in addition to real estate, Chen Changqing still has 5000 million US dollars, which he threw into the money market to short the Thai baht.

On the second day, the Thai baht fell by 17%, and then plummeted at a frequency of 8% every day.

It was okay at the beginning, with occasional small rescue rises, but the downward trend became more and more obvious.

Everyone panicked!
For a country, real estate is not important, what really matters is currency.

Because the essence of the house is a commodity, and the currency is the real money, which affects your life like daily necessities.

On July [-]th, it faced a large-scale invasion of international speculators.

Although struggling and resisting, the Thai baht finally failed to recover from the decline, and then it collapsed in all aspects.

Soon, in just half a day.

Siam's financial market has become a carnival for capitalists. Two days ago, Chen Changqing met Mr. Yan. Although he didn't know how much money he earned, he could tell from the expression on his face that he should have earned a lot this time.

And Chen Changqing's side?

When it was all over, excluding the principal of 4 million US dollars, he won 4.56 million US dollars in this week's capital carnival.

This makes him very happy, not counting those falsehoods, his current net worth is at least 50 billion Hong Kong dollars.

Fang Jinxin was also very happy, and the calculation was based on three thousandths of the remuneration.

It only took him half a month to earn 950 million.

Chen Changqing was not a stingy person, so he directly transferred 1000 million to the other party, and the extra 43 was treated as a red envelope.

Of course, some people are happy and some are sad.

On July [-]th, Chen Changqing's side was ready to withdraw from the battlefield, and there was only a little finishing work left.

In the office building opposite, Chen Changqing saw someone jump off the building with his own eyes.

It is estimated that he lost his entire family, and the whole person collapsed, and he simply died.

This is just Xiangjiang, not Siam in the center of the battlefield, who knows in this week.

How many people in Siam collapsed and jumped off the building because they couldn't bear the pressure.

According to incomplete statistics, this financial crisis has had a great impact on various countries in Asia.

Almost all countries lost more than 20% of their economies.

In countries such as Siam and Indonesia, average wages have decreased by 10% to 20%, while prices have increased by 20% to 50%.

Taking Korea as an example, the financial crisis began on July [-]nd until the end of the year.

高丽前50位大财阀就有14家在风暴中破产，775家上市公司有50家倒闭，而其中小企业的破产数量更是高达15000余家。

In fact, in theory, Chen Changqing could still keep up.

This financial crisis will start from Siam, then spread to surrounding countries, and finally affect the whole of Asia. At the beginning, the amount involved is only a few hundred million U.S. dollars, but when it evolves later?

Some experts estimate that the total amount of international hot money mobilized by this financial turmoil has exceeded 1000 billion US dollars!
Such amazing financial resources were fatal to the financial market of any country in the 90s.

Chen Changqing also took advantage of the time when these international hot money forces did not gather together, and waited until the other parties really gathered together?
To be a man, we must know what to do.

With such a little wealth, he is afraid that there will be no bones left to be eaten!
But in any case, the harvest is still huge.

In just one week, his assets more than doubled.

Inside the Bentley, looking at the series of zeros on the text message on the phone, although he told himself not to get too excited, after all, he was also a person who had seen big scenes, but Chen Changqing was still a little excited at the moment.

Unable to control, she raised Ah Xue's chin with her fingers:
"Girl, do you want to change to a Rolls-Royce? Bentley, which is a few million dollars bigger, doesn't feel good enough for me."

Ah Xue has changed her hairstyle these days.

It was black and long and straight before, but now it is dyed brown, and the hair is a little fluffy, with a few small waves on the ends of the hair. Compared with the usual high-cold persona, it is now a little more playful and cute.

The upper body is still the white shirt, because of work requirements, Axue wears this white shirt most of the time.

But because the figure is too good, it looks a little violin.

Wearing this tight-fitting blue hip-covering skirt on the legs, it is so pretty with watermelon and fish, which makes people feel a little hard as a show of respect.

The chin was raised by Chen Changqing, and a blush appeared on Ah Xue's fair and pretty face.

She glanced at Chen Changqing with a shy expression: "Boss, how about I find some more beautiful secretaries for you, one to rub your shoulders, one to squeeze your legs, and another to peel fruit for you?"

Chen Changqing's eyes lit up, and he looked at the other party expectantly:

"is it okay?"

Axue nodded, and her white and slender palms grabbed Chen Changqing's collar, and her bumpy and delicate body bullied her. When this delicate and soft girl turned her offensive, her beautiful eyes did not hide at all:

"Okay, come to my bed tonight, do everything you need to do, and find it for you tomorrow."

Chen Changqing: "..."

"Cough cough!"

Accompanied by a dry cough, Chen Changqing said weakly:

"Forget it, Bentley feels fine."

With a somewhat disappointed expression, Axue rolled her eyes unhappily:
"If you have a wicked heart but no guts, are you still a man?"

There is one thing to say, it's not that Chen Changqing never thought of letting A Xue go, but A Xue is really easy to use, and she can handle everything clearly for you. One third of Baile's big and small affairs are She handles it.

He is better than any professional manager with an annual salary of one million.

And Ah Xue has the support of the old man.

Compared with may, the old man hopes that Ah Xue can become Chen Changqing's girlfriend.

Chen Changqing was very helpless, he could only wave his hands in embarrassment, and changed the subject rather bluntly: "Ahem, what are your plans for today?"

His fingers pinched provocatively on Chen Changqing's chest, and Chen Changqing couldn't help but feel his scalp tingle as he looked at him with resentful eyes.

Fortunately, Axue did not continue.

She tidied up her clothes and changed back to her serious appearance at the beginning:

"The old man told you to go there, but you're not too anxious. You can go tomorrow. There is a dinner at noon today. It's Lu Minghua from the Security Bureau. It's relatively close to here, at Zhouji Restaurant.

Boss, do you want to go? "

There was some thought in his expression, then he nodded:
"Go and have a look. With his personality, if he didn't have something to do, he wouldn't take the initiative to find me."

(End of this chapter)