The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 107 The Asian financial turmoil kicks off (please collect, ask for tickets)

Zhengxinzhai Garden.

"President Chen is very busy, so it is a blessing for them to be able to attend the children's wedding." Jin Yuzhong, chairman of Daewoo Group, held Chen Yangji's hand and said with a smile.

"President Jin is being polite. It is his honor that our Xingjun can marry Xiuzhu." Chen Yangji also replied with a smile, changing his usual serious appearance.Chen Yongji on the side was even more happy when he saw that his "in-law" could speak on an equal footing with Chen Yangji. With such an "in-law", it was a certainty that he would inherit the Shunyang Group from his father!
On the other hand, Chen Dongji and Chen Huarong looked a little ugly. They might have had some illusions that the relationship between the Daewoo Jin family and their Shunyang Chen family might be average, but the scene in front of them made them a little desperate.

……

Seeing Chen Xingjunhe and Jin Xiuzhu showing off their affection in front of them, the grumpy Chen Huarong turned around and prepared to leave. She felt that if she stayed here, she might not be able to help but stand up and find fault.Seeing this, Cui Changji hurriedly chased after him.

When they were far away from the wedding venue, Cui Changji quickly stepped forward and grabbed Chen Huarong, and said anxiously, "Honey, don't leave! My father-in-law is still watching over there!"

"So what! Do you want me to stay here and see how proud they (Chen Yongji's family) are?" Chen Huarong said angrily, while Cui Changji said calmly, "Honey, they have Daewoo We also have the group to help! Have you forgotten that we also cooperate with the Miracle Group!"

Cui Changji patiently reminded Chen Huarong that when he was able to withdraw from the prosecutor's office and be successfully elected as a member, wasn't it thanks to the help of Wu Shixian, the vice president of Miracle Group?Otherwise, according to Chen Yangji's temper, how could he allow his son-in-law to embark on an official career?
Chen Huarong, who was still angry at first, gradually calmed down under Cui Changji's persuasion and reminder, "Yes! So what if they married Daewoo Group! Our cooperation with Miracle Group has lasted for many years, and we can also form an alliance with Miracle Group. !" In terms of scale, Miracle Group may not be the largest in Bangzi Country, but in terms of financial strength, no chaebol dare say that it can surpass Miracle Group!With a plan in mind, Chen Huarong quickly adjusted his mentality, and returned to the wedding scene with Cui Changji.

Chen Daojun and Mou Xianmin were in the corner beside them, looking at Chen Xingjun and Jin Xiuzhu on the stage as if watching the excitement. Chen Daojun soon found that his cousin Chen Xingjun's smile was quite stiff, and then he thought of the information he had investigated before. , "This cousin who only has 3 minutes of real man BUFF left, I'm afraid he doesn't have to worry about this problem, right?" Chen Daojun couldn't help but laugh.

"Hey, Daojun, what are you laughing at?" Mou Xianmin looked at his fiancé and suddenly laughed, and asked curiously.

"Ahem, it's nothing, I just thought of something interesting." Chen Daojun forcibly held back his smile, and pretended to be calm.Obviously, Chen Daojun's far-fetched explanation did not satisfy Mou Xianmin. She was a little angry and pinched Chen Daojun's arm. Chen Daojun was in pain and couldn't help humming twice, but was covered by Mou Xianmin. Mouth.

……

------Dividing line------

Time passed quickly, and more than a month passed in a blink of an eye. In May 1997, international speculators brazenly launched an attack on the Thai baht in Thailand.In response to Taiguo Central Bank's announcement that some domestic financial companies and housing loan companies have low asset quality and insufficient liquidity, the hedge funds controlled by Soros first began to sell the stocks of Taiguo Bank and finance companies on a large scale, causing depositors to lose money in Thailand. All financial and securities companies withdrew a large number of funds, and there was a large number of runs for a while.

Subsequently, the international financial investment institutions headed by Soros held a large number of Southeast Asian currencies and unanimously sold the Thai baht. Facing such a sudden surge of selling, the Thai baht was difficult to resist for a while and kept falling. 5 baht.

Unwilling to sit still and wait for death, the Central Bank of Taiguo devoted all its efforts to launching an anti-encirclement campaign against Soros, trying to break the will of Soros and other speculators, so that they retreated and stopped attacking the Thai baht.In the first step, the Central Bank of Thailand formed a coalition with Singapore and spent about 120 billion US dollars to absorb Thai money; in the second step, it issued an administrative order to strictly prohibit local banks from lending money to Soros and other foreign hedge speculative funds and investment companies. ; The third step is to significantly raise interest rates.A three-pronged approach, concentrated firepower, and a strong counterattack. Due to the sudden tightening of money, the interest cost increased sharply, causing Soros' army to be caught off guard and lost 3 million US dollars.

In June 1997, Soros and others raised funds again and soon reached 6 billion U.S. dollars, and launched a fierce attack on the Thai baht again in late June. Chen Daojun and Goldman Sachs, who had been waiting for a long time, launched their efforts at this moment. More than 200 billion baht from the stock market were sold to the market in a rush, which instantly turned the stalemate into a one-sided situation.The Central Bank of Taiguo, with less than US$6 billion in foreign exchange reserves, desperately discovered that they were powerless to resist the joint attack of the Soros group with a strong lineup and a large number of international speculators.

On July 1997, 7, the desperate Taiguo was forced to announce the decoupling of the Thai baht from the US dollar and implement a floating exchange rate system.As soon as the news came out, the Thai baht exchange rate plummeted 2%.This cheered the international speculators who participated in shorting the Thai baht this time, and the Goldman Sachs Group led by Chen Daojun bought a large number of bearish futures contracts between the Thai baht and the U.S. dollar in the futures market, which earned them extremely rich returns. More than 26 billion US dollars!
Pretty Country Goldman Sachs Group.

Everyone sitting around the conference room looked happy.CEO James, who has always been unsmiling, also showed a rare smile at this moment.

"Chen, we can earn at least 30 billion US dollars this time!" George on the side said a little excitedly, because they followed Chen Daojun's suggestion, and they have been continuously absorbing Thai baht since March, due to the abundant funds and the early layout , The huge amount of Thai baht they have hoarded here can be called a small nuclear bomb.

Moreover, at the last moment when the Soros group and the Central Bank of Thailand were locked in a stalemate, they suddenly made a move and dealt a fatal blow to the Central Bank of Thailand!Taiguo's current situation is much more miserable than in its previous life. The country is filled with mourning, countless companies have gone bankrupt, and at least more than 60 billion US dollars have been ruthlessly taken away by speculators.

"Everyone, it's just the beginning. Next, there are Xinjiapo, Feilubin, Indonesia, Bangzi Country, Sun Country and Xiangjiang, waiting for us to attack!" Seeing that everyone present looked a little excited, Chen Daojun took advantage of Heat directly proposed the next measures.Of course, the persimmon still has to be picked softly first, and soon Indonesia and the Philippines became their next targets.

　The third update has been uploaded~Today the fourth round of recommendations begins~Thank you for supporting the tea eggs during this period~!

　　The climax of the second volume is about to start~ The Asian financial turmoil in 97, Tea Egg consulted the information of multiple platforms, and found that each company's statement had a lot of discrepancies.Tea Egg intends to consolidate the information and describe the "stimulating" financial war as much as possible~^_^
　　


(End of this chapter)