"Okay, be careful on your way.My parents will come to Shencheng in a few days, and I will definitely stay here in Shencheng during the Chinese New Year. ”The two discussed things during the Chinese New Year and then went out to eat.Xiao Bai and Tian Chunxiu spent a leisurely weekend together in Xiangjiang, and on Sunday afternoon, the two returned to Shencheng and ZH respectively.This year's Chinese New Year's Eve is February 6, and companies have begun to have a holiday.Xiao Bai was in charge of the on-duty work of various companies during the Chinese New Year, and people like Xu Changqing, Qi Yuefeng, An Ran and others could go home to rest for a few days.However, Jiang Xiaozhou and Qin Siyao did not have this blessing, they had to be busy until the morning of the Chinese New Year's Eve, and when they rushed home, it was the first day of the new year."
Brother Xiao, my mother still wants to go back to her hometown for the New Year.Otherwise, I'll go back with her for a few days, and come back after the fifth day of the new year, okay?
”Because Liu Xiaoling was not in Shencheng, Liu Xiaoyu discussed with her mother and decided that it would be better to go back to her hometown in Xintun for the New Year.At the very least, Murakami is more lively.Xiao Bai thought about it and agreed.So, he asked He Changfeng to drive their mother and daughter back, and when they sent the people to the ground, He Changfeng could go home.After the fifth day of the Lunar New Year, He Changfeng picked up their mother and daughter and returned to Shencheng.This year, Xiao Bai was accompanied by two temporarily transferred security personnel, and he also gave Han Weiguo a holiday and asked him to go back to spend the New Year with his family.Before the New Year, Liang Yufen and Xiao Tianfang flew over from the capital.The family of three was reunited in Shencheng again.In fact, not only the three of them, but Liang Yuqi's family and grandmother also stayed in Shencheng during the Chinese New Year.Xiao Bai Chinese New Year's Eve had a Chinese New Year's Eve meal with his parents, grandmother, and aunt's family.Then he returned to Yinhu Graceland and started his duty.In fact, there is nothing specific on duty, that is, you can't get drunk while guarding the phone, and he can handle it in case there is any emergency.Generally speaking, it's just for show.Liang Yufen and Xiao Tianfang stayed at Liang Yuqi's house at night, and Xiao Bai got up the next day and rushed over again."
Xiaoling, you really don't need to stay over there during the New Year, I advise you to wait until the New Year is over before going back, but you just won't listen."
Xiao Bai did not forget to talk to Liu Xiaoling on the phone during the Chinese New Year.Liu Xiaoling said that she can also feel the festive atmosphere in Chinatown, and she has a project that she has been following up recently, and it would be a real delay if she did not return to North America at that time.As for Tian Chunxiu, he didn't stay at home for a few days, and he ran back on the fifth day of the Lunar New Year.After the holidays.Xiao Tianfang and Liang Yufen went back to the capital, Tian Chunxiu went to ZH, and Xiao Bai and Cui Mingda came to Bangkok again.Years later, several finance companies and home loan companies in Thailand had problems.The Bank of Thailand immediately asked nine finance companies and one housing loan company with liquidity problems to increase their capital by 82.5 billion baht (about 31.7 billion US dollars).It also requires banks and other financial institutions to increase the ratio of bad debt reserves from 100 to 115-120.The move could add about 50 billion baht (US$19.4 billion) to the reserves of Thailand's financial system.The Bank of Thailand's move was originally intended to strengthen the stability of the financial system and increase people's confidence in the financial market.However, contrary to expectations, the central bank's approach not only failed to play the role of stability, but unexpectedly deepened the public's distrust of the banking system!
So the run began to appear in some banks, and the stock market began to plummet."
Brother Xiao, how long do you think the Thai side can hold on?"
Choi Min-tat feels that the Bank of Thailand does not have many means at its disposal, and it is likely that it will be the turn of the baht to fall sharply."
It's hard to say!
If Thailand is willing to use non-market means, there may be a glimmer of life. ”It's not Xiao Bai complaining, market-oriented means are not a panacea.Especially when it comes to finance, the first issue is to put up your own fence rather than open the door.Another point is that these finance companies and housing loan companies themselves have liquidity problems, but the Bank of Thailand has asked them to increase their capital and increase bank reserves, which is a big failure no matter how you look at it!
Sure enough, in the following days, the shares of all financial companies and banks fell sharply, and the demand for a fall in the exchange rate became stronger."
Old Cui, the Thai baht won't be able to resist for long!
You find that no, many Japanese institutions have started to withdraw from Thailand.On the one hand, RB's domestic economic bubble burst, and Japanese-funded institutions continued to withdraw funds to continue their lives.On the other hand, why aren't they bearish on the baht?
”In Xiao Bai's view, the economic boom in Southeast Asia in the first ten years and the economic recession in the next decade are the so-called success and defeat of RB.As the leader of the goose-shaped model, the wild goose RB has its own economic problems, how can he lead Southeast Asian countries to continue to fly?
As a result, RB is now withdrawing liquidity from all over the world while continuing to depreciate the yen in the hope of increasing its export competitiveness.The yen exchange rate has been declining in recent months, and the US dollar and the yen have reached 1227738."
Brother Xiao, can we consider closing the forward foreign exchange contract in our hand?"
Cui Mingda stared at the Thai baht with one eye, and naturally stared at the yen with the other."
Well, almost, I estimate that in a while, the dollar and the yen will be around 126.At that time, we should resolutely close the position. ”Xiao Bai made this judgment based on the analysis of all aspects, plus some things in his memory.Next, he returned to Xiangjiang, while Cui Mingda stayed in Bangkok."
Xiao Dong, the yen has been depreciating very rapidly in recent times, and it seems that the US dollar and the yen will fall below the price of 126 today."
Xiao Bai stayed in Xiangjiang for a while, anyway, he could also handle the company's official business here.He had only been back from Thailand for a week, and the yen exchange rate had reached the liquidation line he had set earlier."
Let's go, Mr.
Jiang, let's go to Ed Futures Company together."
Xiao Bai dragged Jiang Youwei to Ed Futures, and he sat in front of the computer for about half an hour before issuing a trading order.Order them to sell the forward FX contract in their hand to close the position!"
Now that the dollar and the yen are 1267235, sell them at the current price and close the position."
As the traders' fingers flew on the keyboard, Xiao Bai sold the 20,000 standard contracts he held to close the position.At the beginning, he bought the US dollar and the Japanese yen at a price of 1062719 and the selling price was 1267235, so the intermediate profit was: (1267235-1062719)/1267235×20,000 standard lots× 100,000 units.The calculated profit is $322775175875.After deducting expenses, the real profit was $32.1 billion.After the margin is returned, plus the previous $56.9 billion, there will be $8.9 billion in the margin account of Eddid Futures alone."
Dong Xiao, does this fund need to be transferred back to the company's account?"
Jiang Youwei smiled happily, looked at Xiao Bai and asked."
It's okay to turn back, but I estimate that it will have to be transferred back in a month or two, and there will be another wave of operations."
Xiao Bai didn't plan to repay the previous yen loan for the time being, anyway, the interest on the loan was relatively low, and he thought that this wave of yen depreciation was a bit urgent, and it was likely that there would be a wave of rebound and appreciation.He won't do it to grab the rebound, but after the rebound, he can take advantage of the trend and short another wave of yen.Jiang Youwei thought about it, if there was still a month or two before the funds were used, it would be a pity to keep them in the capital account of the futures company.After all, the amount of funds is very large, and there will be some benefits from handing it over to the bank to do the operation of the money market fund.So he transferred $8.9 billion back to the company's account.Combined with the remaining $3.1 billion from the previous company, it is exactly $1.2 billion.The situation in Thailand continues to deteriorate, and international investors are waiting for a second chance to attack.Xiao Bai asked Cui Mingda to stay in Bangkok, and he judged that the situation there would soon be more turbulence.He himself returned to the deep city."
Ah Bai, let's hold this year's board meeting here, I really can't leave, Lina agreed."
After returning to Shencheng, Enron proposed to convene a board meeting to review the year-end accounts report for the previous year (1996)."
Ah Ran, since you are so busy, you can put the year-end accounts aside for a while.I'm sure there's no problem here, so let's talk to Sister Lina when you go back. ”Xiao Bai shook his head, so that An Ran didn't have to rush this matter."
That's fine!
Lina's side I'll go and say, there shouldn't be a problem. ”Enron has been busy with the VCD player melee, and even the research and development of the DVD player was handed over to the Times Science and Technology Research Institute.To be honest, he hasn't had a good year."
Can the price of VCD machines be stable?"
Xiao Bai smiled, and then asked about An Ran's biggest concern."
Recently, the price has been a bit chaotic, and our Yasheng VCD machine is still sold for 1999 yuan, but I plan to reduce the price around May Day."
When An Ran heard this question, he couldn't help but sigh.At present, the price of VCD machines on the market is very chaotic, and the lowest price has been sold to around 1500 yuan.However, since the beginning of this year, some VCD machine manufacturers have gone out of business.Xiao Bai didn't say anything after listening, the price war of VCD machines will continue, and the situation will change slightly until most of the VCD machine manufacturers are out."
Ah Ran, the next step for the company's upgrade product is the DVD player.However, if the company wants to develop in the long run, it has to find another way.My opinion is to integrate Sihai Electronics (Shencheng) Company and Times Communication Technology Co., Ltd., anyway, Sihai Electronics is also the majority shareholder of the other party. ”Xiao Bai thought about it for a while and decided to give An Ran the bottom first."
Integration?
What's your eye on again?
I guess it's a mobile phone, right?
”Enron's reaction was very fast, and he immediately thought of the mobile phone as a product."
That's right!
It's the phone.However, there will definitely be more than this product in the future, and I believe that with the advancement of technology, there will be new audio-visual products coming out. ”Xiao Bai is very clear about the future development trend, but it is useless to talk too much at present, the rice must be eaten one bite at a time, and the development of the times also needs to be taken step by step.In his planning, Times Communications and Sihai Electronics are not on the same path.