Reborn since 1993

Chapter 807 It was just normal at that time

Many signs before major events may not be noticed by anyone at all, and people may just think they are normal at the time. Only later will people realize that they are major events that will be recorded in history.

Just like the Siamese foreign exchange market collapsed at this moment, even Soros, the instigator, and the vultures on Wall Street probably would not have thought how big a fuss they could make.

No one would have expected that this time, the entire Southeast Asian pattern would be affected. Emerging markets such as Siam, Malaysia, Korea, Singapore, and Jiaozhi all collapsed, decades of savings and industries were destroyed, and global manufacturing began to frantically flock to the mainland.

What they would never have imagined is that the markets in ASEAN, which would later become the mainland's back garden and were almost completely occupied by domestic products, would also gradually begin to be dominated by domestic products.

You have to know that when the Association of Southeast Asian Nations was first established, it was not on good terms with China, and was even established specifically to make things difficult for China. But after Soros, Siam and other places were exploited by America, and after receiving assistance from China, they began to change their positions.

“You are solely responsible for overseas market investment!”

Li Dongling said to Lu Wenhua on the other end of the phone that a general is not always subject to military orders when he is away from the battlefield. The most taboo thing is the appearance of a micro-control master, who would ask the generals in the front to act according to the orders from the rear, which would probably lead to the annihilation of the entire army in the end.

Inside a high-rise building in Gangcheng, the door was closely guarded by Yaan Security personnel. Inside, there were computers and nearly twenty traders were busy working.

Zhang Wenqing, general manager of Yaan Security Company, was sitting in an office bored, playing a minefield game on his computer, looking outside from time to time.

After receiving a call from Li Dongling, Zhang Wenqing personally brought his men to the building to protect the people here and avoid accidents. Of course, there was another meaning as well, which was to prevent any traitors inside from colluding with people outside and leaking the news.

Since its establishment in Hong Kong, Ya'an Security has developed rapidly, especially its close relationship with the Hong Kong Police Station. In addition, before the return, Hong Kong was in chaos and kidnappings of wealthy people occurred frequently, making Ya'an's security and bodyguard business very busy.

Now that Hong Kong City has returned, it is hard to say what influence it will have on other security companies, but the foundation of Ya'an Company is very strong.

Since Yaan's boss is the founder of Hanxi Dongling Hi-Tech in mainland China, Yaan's relationship with the mainland is naturally better than other security companies in Gangcheng. The relationship between Gangcheng City Government, Gangcheng Police Station and other departments and Yaan is naturally even better.

Zhang Wenqing is very satisfied with his current situation. He has successfully cleaned himself up from being a gang member and become the general manager of a well-known security company in Hong Kong. Among the hundreds of millions of people involved in gangs in Hong Kong, how many can have a good ending?
In a few years, Asia Security Company may even be listed on the Hong Kong Stock Exchange. By then, Zhang Wenqing will definitely be a master!
Zhang Wenqing knew exactly how all this happened, so he didn't dare to be careless about what Li Dongling told him.

Not only did he select a group of good people to be here to be responsible for security, he even came here personally to keep an eye on it, for fear that any accidents might occur.

Although Zhang Wenqing was somewhat curious about the many traders involved, his experience in the community taught him that sometimes one should not be too curious, otherwise it would be a problem whether he could wake up the next day.

Just as he was daydreaming, Zhang Wenqing saw the mainlander named Lu Wenhua walking into his office.

"Manager Zhang, I just spoke to Mr. Li on the phone. I'll have to trouble you to take care of the security and food here.

From now on, no one can leave this floor without my signature. Once this is over, I will personally report to General Manager Li on behalf of Manager Zhang!" Lv Wenhua said to Zhang Wenqing.

Hearing that Lv Wenhua had pulled out Li Dongling, Zhang Wenqing quickly said, "Don't worry, I will fully cooperate with you. During this period of time, I will personally lead people to keep an eye on it, and I will make sure that not even a fly can fly out!"

Lu Wenhua nodded. He naturally trusted the people sent by Li Dongling.

Here in Gangcheng, the only people Lu Wenhua can trust are those arranged by Li Dongling. As for the current traders, he must make sure that there are no traitors, otherwise, if the news leaks, he will be in trouble.

Arriving at the area where the traders were, Lv Wenhua looked at the people in front of him and said, "Let's get started!"

Then the sound of keyboard operations began to be heard, and another group of hedge funds that shorted Siam's foreign exchange, futures, and stock markets rushed into Siam.

However, at this time, Siam probably couldn't care about all these, because at this time, countless hedge funds around the world rushed towards Siam like sharks smelling blood, ready to take a big bite of fat meat!
……

"Today, the Central Bank of Siam suddenly announced that it would abandon the fixed exchange rate between the Thai baht and the US dollar and allow the Thai baht to float freely!
Due to the influence of international hedge fund speculators, the exchange rate of Thai baht against the US dollar fell by more than 30% today! "

On TV, the central media international news briefly reported on the news from Siam. Ren Yuefeng, Hu Zixian, Zhang Ao, Gao Peng, Chen Tao, Su Chicheng and other senior executives of Dongling Hi-Tech gathered in a conference room and watched the report on TV.

"Did the Thai baht collapse?" Ren Yuefeng asked in surprise as he watched the news on TV. Hu Zixian and others were also staring at the TV closely.

In modern society, it is rare for a country to collapse due to war, but that does not mean that such a collapse will never happen again.

The collapse of the Russian Empire a few years ago is still vivid in our memory, but the collapse of the Russian Empire is different from that of Siam before us.

As a modern country, when its currency collapses, it is basically no different from being destroyed by war, and the impact may even be greater.

During a war, we know who the enemy is and where the opponent is, so we are mentally prepared and even morale can be high. However, ordinary people cannot see or touch this kind of currency war, but they are deeply affected. The wealth accumulated by a family, a company, or a country for decades can be wiped out in an instant!

Hu Zixian's face was very solemn. He had only heard about a country's currency plummeting by more than 30% in an instant, but now he saw it with his own eyes.

"The Thai baht is finished. The foreign exchange reserves of the entire Siam have been burned up. Now it depends on whether Siam can borrow US dollars from the outside to stabilize the Thai baht foreign exchange!"

Although Hu Zixian is not an expert in foreign exchange, he is clear about the basic routines. The exchange rate of the Thai baht has fallen by 30%, which means that the per capita net worth of Siamese people has fallen by more than 30% when converted into US dollars.

"What if I can't borrow US dollars?" Ren Yuefeng asked.

Hu Zixian did not speak for a long while before he said quietly, "Then we will witness new history. Everything that happens in Southeast Asia will be written into textbooks in the future!"

"If the Thai baht exchange rate collapses, then the US dollars that Tanglin Hi-Tech borrowed from Siam Bank..."

Gao Peng spoke at this time, causing Dongling Hi-Tech's executives to suddenly change their expressions. The collapse of the Thai baht was of course regrettable, but for Dongling Hi-Tech, which had been borrowing Thai baht on a large scale from Siam Bank since last year and then exchanging it for US dollars to cash out, it was another matter.

Now the exchange rate of Thai baht against the US dollar has fallen by 30%. That means if I exchange the ten US dollars I borrowed before into Thai baht and repay it to Siam, I will only need seven US dollars.

It is almost equivalent to fleecing the Siam Bank. No matter the interest or not, it doesn't matter at all at this time. Compared with the fleeced money, that little interest is almost not worth mentioning.

Ren Yuefeng, Hu Zixian and others all looked at Li Dongling, their hearts filled with turmoil. Although Dongling Hi-Tech borrowed US dollars from banks in Siam and other Southeast Asian regions, nominally for the purpose of acquiring Gangcheng Telecom Company.

But seeing the collapse of the Thai baht, everyone couldn't help but have a thought in their mind: Did Li Dongling let Dongling Hi-Tech Port City Company borrow money from so many banks just to acquire Port City Telecom? Did Li Dongling receive advance information about what was happening in Siam?

Li Dongling did not explain anything. The Thai baht collapsed, and Dongling Hi-Tech did not say that it would not repay the money to Siam Bank. It was just that it might pay back "a few billions" less.

In the future, the Thai baht will definitely continue to collapse. A drop of 80% to 90% against the US dollar is a minor blow. For the money that Dongling Hi-Tech borrowed from Siam, it will only need to pay back one-tenth in US dollars in the future!
Even so, Siam Bank still has to say thank you to Tanglin Hi-Tech. For the next year and a half, the Thai baht was no different from waste paper. Siam had to beg everyone for help to raise US dollars. In order to get US dollars to stabilize the Thai baht, it dared to sign any outrageous treaties and almost sold the entire Siam.

Dongling Hi-Tech is able to repay the US dollars to Siam Bank, so it is definitely a great philanthropist. How can it not say thank you?
“Loans from Siam and other places will be repaid to banks in Siam and other places after the Thai baht exchange rate is “stabilized”!

Dongling Hi-Tech needs to do well, the Southeast Asian market will be completely ruined!"

"From now on, we will stop supplying products to agents in Siam, Malaysia, Singapore, and Korea, and we will try to recover the payment!"

Hearing Li Dongling's words, Ren Yuefeng and others' faces changed. They heard another layer of meaning from Li Dongling's words, which made them even more frightened. If the currencies of Siam, Malaysia, Singapore, South Korea and other places all collapsed, what would happen? They dared not imagine it.

If the local currency collapses, then the products will definitely not be able to be sold. In fact, the more they sell, the more they lose. It may even be a problem whether the local agents can get their money back.

"If the Southeast Asian market collapses, Tanglin Hi-Tech's revenue this year will probably be greatly affected!"

Ren Yuefeng said worriedly that Southeast Asia is the "basic plate" of Dongling Hi-Tech. If Dongling Hi-Tech loses orders from this market, its production capacity will also be greatly affected.

(End of this chapter)