Wealth

Over time, signs of economic overheating in Southeast Asian countries have become more acute:|

The central bank of famous countries has adopted the method of continuously increasing bank interest rates to reduce the inflation rate, but this method also provides many opportunities for speculation. Even the banking industry itself is arbitrarily borrowing foreign currencies such as U.S. dollars, Japanese yen, and marks, speculating on foreign currencies, and joining the ranks of speculators.

As a result, the serious consequence is the huge increase in short-term foreign debts of banks in various countries. Once foreign hot money quickly flows through the financial markets of various countries, it will cause painful and large shocks.

Although the central banks of Southeast Asian countries have also realized the seriousness of this problem, they are somewhat more than capable and insufficient in the face of open and liberalized markets. Among them, Thailand is the most serious problem. Because Thailand had the highest degree of liberalization in the financial markets of Southeast Asian countries at that time, Thailand kept a close eye on the US dollar and allowed capital to flow in and out freely. Thailand’s economy has the most bubbles, and Thai banks have moved a large amount of foreign inflows of US dollars into the real estate industry, causing a serious imbalance of supply and demand, resulting in a large number of bad debts and bad debts in the banking industry, and a serious deterioration in asset quality.

In the first half of this year, the bad debts of the Thai banking industry are estimated to be as high as 31 billion to 35 billion U.S. dollars. Coupled with the unreasonable borrowing structure, Thailand's banking industry has become even more troublesome. Ninety-half of the overseas loans of the Thai banking industry are short-term loans of less than one year.

In March of this year, when the Central Bank of Thailand announced that nine domestic financial companies and a housing loan company had poor asset quality and insufficient liquidity, Soros believed that the time had come.

Soros and other arbitrage funds began to sell the Thai baht in large quantities, and the Thai foreign exchange market was immediately turbulent and turbulent. The Thai baht fell all the way, and within two months, it fell to one U.S. dollar to 26.7 baht.

The Central Bank of Thailand has adopted various emergency measures at an emergency, using US$12 billion in foreign exchange to buy the Thai baht, increasing the overnight lending rate, and restricting the lending of domestic banks. These powerful measures caused Soros's transaction costs to rise sharply, and he lost 300 million U.S. dollars all at once.

However, Soros had confidence in his original value theory and insisted on his point of view. Not only did he not close his original position, he even continued to increase his position.

The loss of 300 million yuan could not deter Soros at all. He believed that Thailand could not withstand his impact even if it did its best. For the Thai baht, he is determined to get it.

It's more funny. Soros in order to raise funds. Actually found Fan Wuyidi's door.

Fan Wu's income in the Hong Kong stock market was also huge and took a ride. But Qin Rushan's operation in the stock market is also quite successful, especially with the support of Fan Wu's international financial management team. Full of confidence. Coupled with tens of billions of dollars in financial support. This time, he has made a lot of profits. Fan Wuyao's capital in the Hong Kong stock market has become 15 billion U.S. dollars and is still climbing along this slow bull.

At this time, although four billion US dollars have been withdrawn as agreed. However, his capital in the Hong Kong stock market has not decreased but increased. This makes the Monetary Authority very embarrassing.

to this end. Hong Kong has also sent personnel to visit Fan Wuyi specially. Ask him to expedite the degree of divestment.

Fan Wuyi answered that he can only do his best. Otherwise, it will cause severe turbulence in the Hong Kong stock market. I am afraid that it will make international hot money feel the opportunity to take advantage of it.

The Hong Kong government has also considered this explanation very carefully. I think that Fan Wuyi's reason is also acceptable because such a huge amount of money is dormant in the Hong Kong stock market. Everyone is not at ease in the heart of the earth, especially those local forces in Hong Kong. It was even more hopeful that Fan Wushu left his own territory sooner and went somewhere else to toss.

Therefore, the Hong Kong government hopes that disasters will continue to flow. International speculators are currently fighting around the Thai baht. Some people have put forward this idea, hoping to introduce Fan Wuyi to the Thai market.

Someone contacted Soros’ Quantum Fund and told him that Fan’s Investment Group is launching the Hong Kong stock market and holds billions of dollars that may exceed tens of billions of dollars.

Soros was short of bargaining chips at this time. When he heard that there were so many idle funds in Fan Wuyao’s hands, he immediately contacted the Fan Investment Group through his relationship, like a wolf dog smelling the fragrance of bones. Fan Wuyi met.

Fan Wubing hesitated very much about Soros’ request for a meeting. He didn’t really want to meet Soros. This guy is more stubborn and extreme. There is nothing good to talk about with him, everyone’s only topic. , Which is just borrowing money to pay back the money, so seeing each other is better than not seeing each other.

However, Soros is very interested in Fan Wuyi. In addition to borrowing money, he really wants to see Fan Wuyi. After all, people in the circle feel that he has never seen the end of the economic prodigy. More mysterious.

"Then let this sense of mystery continue." Fan Wubing said to the person who spread the word.

Although Soros got two batches totaling 10 billion U.S. dollars

However, I didn’t see Fan Wubing himself. I can’t say that it’s not a pity. It’s a good feeling. Now there are enough shells, and I can enter Thailand and fight the baht again.

In late June, Soros raised a larger amount of funds and once again launched a fierce attack on the Thai Railways. The major exchanges were in chaos, the Thai baht plummeted, and traders sold the Thai baht frantically.

The Thai government has used 30 billion U.S. dollars in foreign exchange reserves and 15 billion U.S. dollars in international loans in an attempt to turn the tide. However, this mere US$45 billion of funds is like a drop in the bucket compared to a day-sized international hot money, which is of no avail.

During this period, two more reservoirs were built in Fan Wuyi's reservoir, and now four sub-reservoirs have been completed. By the end of the year, the completion of two and two sub-reservoirs is no problem.

And Fan Heng's work in Jiangnan Province has also been carried out very smoothly. At the beginning of the year, he rushed to arrange some county-level characteristic economic pilot projects. At this time, he has already seen results, whether it is the cultivation of some special crops for export or the rich Jiangnan. The development of the sentimental county tourism economy has achieved rapid development with the support of Fan Wuyi.

At this time, just the pilot planting of specialty crops in 26 counties can increase the economic income of the entire Jiangnan Province by more than six billion this year, which is not a small breakthrough.

The importance of this matter is not only to improve the economic conditions of some agricultural mountainous counties, but also to make everyone see a problem clearly. It is not only full industrialization that can achieve economic development, even the small peasant economy still has merits.

Therefore, there is a lot of discussion in the province. All cities and counties hope that in the second half of the year, they will be able to arrange the cultivation of special crops within their own administrative areas and follow the practice of the pilot counties.

However, the attitude of the province is very firm. It is possible to develop the characteristic planting industry, but it must not be blindly developed. It must be developed according to the scientific setting. In short, it must conform to the scientific exhibition concept.

Past experience suffices to show that no matter how good the example is, things will become distorted once everyone rushes in. Therefore, Jiangnan Province’s decision is to divide the administrative area of ​​the province into several economic crop cooperation zones according to regional characteristics. The constraints of administrative divisions have been implemented, and a unified cooperation model based on the characteristics of resources has been realized. Then, adjust measures to local conditions in each economic zone to realize the priority development of advantageous resources in their own regions.

In this way, the benefits can be foreseen. It will not cause disorderly and vicious competition. It will ensure the formation of large-scale industries and form a certain scale of market supply. When exporting, it also has the right to speak in terms of prices.

Regarding the export of industrial crops, the choice of pricing power is also an important issue in foreign trade.

Many past experiences have proved that the vicious domestic competition has caused many foreigners to hold down prices when selling to the outside world. High-quality goods cannot be sold at high-quality prices. This cannot but be said to be a sigh. matter.

For example, domestic shiitake mushrooms are very popular in overseas markets, but the price has not been able to sell. The main reason is that there is no large-scale planting and it is inconvenient for others to keep them away. The other reason is foreign businessmen or agents. At the time of the acquisition, the specific situation has been grasped, so the price is lowered one by one, so that everyone does not have much profit to make. Sometimes, the goods are basically flat in and out.

Therefore, when Fan Wubing made suggestions to his father, Fan Heng, he specifically mentioned this point. For external sales, there must be a relatively concentrated industry association to set prices~www.wuxiamtl.com~ at least one The lowest price. Once some units are sold below this price, they should be deprived of their power in the industry association, and any future activities will not be included.

In this way, the interests of various industries can be maximized.

Of course, this is only for overseas markets. As for the domestic market, there is no impact. After all, there is no market access system for sales in the domestic market. For overseas sales, a large part of the power is controlled. In the hands of the government, it is fully capable of conducting reasonable guidance and regulation.

By the end of June, Fan Wuyao had already withdrawn US$12 billion of funds from Hong Kong stocks, far exceeding his commitment to the Hong Kong Monetary Authority. However, the funds he left in Hong Kong stocks remained unchanged. It was as high as eight billion U.S. dollars, which made him feel a little embarrassed. It really made too much money.

"Or, let's donate some money to build something in a university in Hong Kong? At least I would like to express some feedback." Fan Wuyao discussed with his staff, and everyone thought this idea was not bad.

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