NOVEL WEB The youngest son of the chaebol family, Mo Hyun-min
Chapter 107
Zhengxinzhai Garden.
"President Chen is busy, and it is a blessing for them to be able to attend the children's wedding." Jin Yuzhong, president of Daewoo Group, held Chen Yangji's hand and said with a smile.
Chairman Kim was polite. It was his honor for us Xingjun to marry Xiuzhu. Chen Yangji also replied with a smile, changing his previous serious appearance. Chen Yongji on the side was even happier when he saw that his "in-laws" could talk to Chen Yangji on an equal footing, with such a "in-laws", he inherited the Shunyang Group from his father, which can be described as a certainty! On the side, Chen
Dongji and Chen Huarong looked a little ugly, the two of them may have a trace of illusions, the relationship between the Daewoo Jin family and their Shunyang Chen family may be average, but this scene in front of them made them a little desperate.
......
Looking at Chen Xingjunhe and Jin Xiuzhu in front of him, Chen Huarong, who was irritable, turned around and was ready to leave, she felt that if she stayed here, she was afraid that she would not be able to help but stand up and provoke the thorn. Seeing this, Cui Changji on the side hurriedly chased after him.
When he was a little farther away from the wedding scene, Cui Changji quickly stepped forward and grabbed Chen Huarong, and said a little anxiously, "Wife, don't go!" My father-in-law is still watching!
"So what! Do you want me to stay here and see how proud they (Chen Yongji's family)? Chen Huarong said angrily, while Cui Changji said unhurriedly, "Wife, they have the help of Daewoo Group, and we also have it!" 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 inspection hall and be successfully elected as a councilor, was it not the help of Wu Shixian, the vice chairman of the Miracle Group? Otherwise, according to Chen Yangji's temper, how could he allow his son-in-law to set foot on the road?
Chen Huarong, who was still angry, gradually calmed down under Cui Changji's persuasion and reminder, "Yes!" What if they married the Daewoo Group! Our cooperation with the Miracle Group has lasted for many years, and we can also form an alliance with the Miracle Group! "In terms of scale, the Miracle Group may not be the largest in the country of bases, but with abundant funds, no chaebol dares to say that it can surpass the Miracle Group! Chen Huarong's mentality quickly adjusted, and he and Cui Changji returned to the wedding scene. Chen
Daojun and Mou Xianmin were in the corner on the side, looking at Chen Xingjun and Jin Xiuzhu on the stage as if lively, Chen Daojun soon found that his cousin Chen Xingjun's smile was quite stiff, and then thought of the information he had investigated before, "This cousin who only has 3 minutes left in the real man BUFF, I'm afraid he doesn't have to worry about this problem, right?" Chen Daojun couldn't help but laugh.
"Hey, Dojun, what are you laughing at?" Mou Xianmin looked at his fiancé and suddenly laughed, and asked with some curiosity.
"Ahem, nothing, just thought of something interesting." Chen Daojun forced to hold back a smile and pretended to be calm. Obviously, Chen Daojun's far-fetched explanation did not satisfy Mou Xianmin, and she pinched Chen Daojun's arm fiercely when she was a little angry, Chen Daojun was a little painful, and couldn't help but snort twice, but was covered by Mou Xianmin.
......
—————— dividing line——————
Time passed quickly, and more than a month passed in the blink of an eye. In May 1997, international speculators launched a blatant attack on the Thai baht in the Pacific Kingdom. In response to the announcement by the Central Bank of Pacific that some domestic financial companies and housing loan companies had low asset quality and insufficient liquidity, the hedge fund controlled by Soros first began to sell shares of the Bank of Thailand and finance companies on a large scale, causing depositors to withdraw a large number of funds from all finance and securities companies in Thailand, and there was a large number of runs for a while. Subsequently, the
international financial investment institutions led by Soros held a large number of Southeast Asian currencies and united to sell the Thai baht, which was difficult to resist in the face of such a sudden surging sell-off, and continued to decline, and the exchange rate fell as low as 1 US dollar to 26.70 baht in May. Unwilling to
sit still, the Central Bank of Tai Guo devoted its efforts to the whole country and began a counter-encirclement and suppression operation against Soros, trying to break the will of Soros and other speculators, so that they would retreat in spite of the difficulties and no longer attack the Thai baht. The first step of the Central Bank of Pacific was to form a coalition with Xinjiapo, using a huge amount of about 12 billion US dollars to absorb Taijiao; The second step is to use executive orders to strictly prohibit local banks from lending Thailand to Soros and other foreign hedge speculative funds and investment companies; The third step is to raise interest rates sharply. Three-pronged approach, concentrated firepower, powerful counterattack . Due to the sudden tightening of the monetary base and the sharp increase in interest costs, Soros's army was caught off guard and lost $300 million.
In June 1997, Soros and others raised funds again and soon reached 20 billion US dollars, and in late June, they launched another fierce attack on the Thai baht, Chen Daojun and Goldman Sachs Group, which had been waiting for a long time, made efforts at this moment, and the original hoarded more than 300 billion baht was sold to the market, which made the original stalemate instantly show a one-sided situation. With less than $30 billion in foreign exchange reserves, the central bank of Pacific found itself hopeless to resist in the face of a combined sniper from a powerful and well-funded Soros group and a large number of international speculators.
On July 2, 1997, desperate Tai Guo was forced to announce the decoupling of the Thai baht from the US dollar and the introduction of a floating exchange rate system. As soon as the news came out, the Thai baht exchange rate plunged 26%. This made the international speculators who participated in the short baht cheer, and the Goldman Sachs Group led by Chen Daojun bought a large number of putish futures contracts on the futures market against the US dollar, which obtained extremely rich returns for them, once exceeding 1.8 billion US dollars!
Beautiful country Goldman Sachs Group.
Everyone sitting around the conference room was happy. CEO James, who has always been unsmiling, also showed a rare smile at this moment.
"Chen, we can make at least $3 billion this time!" George on the side said with some excitement that because they followed Chen Daojun's advice and continued to absorb Thai baht since March, due to abundant funds and advance layout, the huge amount of Thai baht they hoarded here can be called a small nuclear bomb.
And they suddenly threw out at the last moment when the Soros group and the Central Bank of Taiguo were dead, giving the Central Bank of Taiguo a fatal blow! The current situation of the country is much more miserable than in the previous life, with domestic wailing, countless enterprises going bankrupt, and at least more than $6 billion ruthlessly taken away by speculators.
"Guys, it's just the beginning, and there are Xinjiapo, Feirubin, Indonesia, Stick Country, Sun Country and Xiangjiang waiting for us to snipe!" Seeing that everyone present looked a little excited, Chen Daojun directly proposed the next measures while it was hot. Of course, persimmons still had to be pinched softly, and soon Indonesia and Ferubin became their next targets.
"President Chen is busy, and it is a blessing for them to be able to attend the children's wedding." Jin Yuzhong, president of Daewoo Group, held Chen Yangji's hand and said with a smile.
Chairman Kim was polite. It was his honor for us Xingjun to marry Xiuzhu. Chen Yangji also replied with a smile, changing his previous serious appearance. Chen Yongji on the side was even happier when he saw that his "in-laws" could talk to Chen Yangji on an equal footing, with such a "in-laws", he inherited the Shunyang Group from his father, which can be described as a certainty! On the side, Chen
Dongji and Chen Huarong looked a little ugly, the two of them may have a trace of illusions, the relationship between the Daewoo Jin family and their Shunyang Chen family may be average, but this scene in front of them made them a little desperate.
......
Looking at Chen Xingjunhe and Jin Xiuzhu in front of him, Chen Huarong, who was irritable, turned around and was ready to leave, she felt that if she stayed here, she was afraid that she would not be able to help but stand up and provoke the thorn. Seeing this, Cui Changji on the side hurriedly chased after him.
When he was a little farther away from the wedding scene, Cui Changji quickly stepped forward and grabbed Chen Huarong, and said a little anxiously, "Wife, don't go!" My father-in-law is still watching!
"So what! Do you want me to stay here and see how proud they (Chen Yongji's family)? Chen Huarong said angrily, while Cui Changji said unhurriedly, "Wife, they have the help of Daewoo Group, and we also have it!" 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 inspection hall and be successfully elected as a councilor, was it not the help of Wu Shixian, the vice chairman of the Miracle Group? Otherwise, according to Chen Yangji's temper, how could he allow his son-in-law to set foot on the road?
Chen Huarong, who was still angry, gradually calmed down under Cui Changji's persuasion and reminder, "Yes!" What if they married the Daewoo Group! Our cooperation with the Miracle Group has lasted for many years, and we can also form an alliance with the Miracle Group! "In terms of scale, the Miracle Group may not be the largest in the country of bases, but with abundant funds, no chaebol dares to say that it can surpass the Miracle Group! Chen Huarong's mentality quickly adjusted, and he and Cui Changji returned to the wedding scene. Chen
Daojun and Mou Xianmin were in the corner on the side, looking at Chen Xingjun and Jin Xiuzhu on the stage as if lively, Chen Daojun soon found that his cousin Chen Xingjun's smile was quite stiff, and then thought of the information he had investigated before, "This cousin who only has 3 minutes left in the real man BUFF, I'm afraid he doesn't have to worry about this problem, right?" Chen Daojun couldn't help but laugh.
"Hey, Dojun, what are you laughing at?" Mou Xianmin looked at his fiancé and suddenly laughed, and asked with some curiosity.
"Ahem, nothing, just thought of something interesting." Chen Daojun forced to hold back a smile and pretended to be calm. Obviously, Chen Daojun's far-fetched explanation did not satisfy Mou Xianmin, and she pinched Chen Daojun's arm fiercely when she was a little angry, Chen Daojun was a little painful, and couldn't help but snort twice, but was covered by Mou Xianmin.
......
—————— dividing line——————
Time passed quickly, and more than a month passed in the blink of an eye. In May 1997, international speculators launched a blatant attack on the Thai baht in the Pacific Kingdom. In response to the announcement by the Central Bank of Pacific that some domestic financial companies and housing loan companies had low asset quality and insufficient liquidity, the hedge fund controlled by Soros first began to sell shares of the Bank of Thailand and finance companies on a large scale, causing depositors to withdraw a large number of funds from all finance and securities companies in Thailand, and there was a large number of runs for a while. Subsequently, the
international financial investment institutions led by Soros held a large number of Southeast Asian currencies and united to sell the Thai baht, which was difficult to resist in the face of such a sudden surging sell-off, and continued to decline, and the exchange rate fell as low as 1 US dollar to 26.70 baht in May. Unwilling to
sit still, the Central Bank of Tai Guo devoted its efforts to the whole country and began a counter-encirclement and suppression operation against Soros, trying to break the will of Soros and other speculators, so that they would retreat in spite of the difficulties and no longer attack the Thai baht. The first step of the Central Bank of Pacific was to form a coalition with Xinjiapo, using a huge amount of about 12 billion US dollars to absorb Taijiao; The second step is to use executive orders to strictly prohibit local banks from lending Thailand to Soros and other foreign hedge speculative funds and investment companies; The third step is to raise interest rates sharply. Three-pronged approach, concentrated firepower, powerful counterattack . Due to the sudden tightening of the monetary base and the sharp increase in interest costs, Soros's army was caught off guard and lost $300 million.
In June 1997, Soros and others raised funds again and soon reached 20 billion US dollars, and in late June, they launched another fierce attack on the Thai baht, Chen Daojun and Goldman Sachs Group, which had been waiting for a long time, made efforts at this moment, and the original hoarded more than 300 billion baht was sold to the market, which made the original stalemate instantly show a one-sided situation. With less than $30 billion in foreign exchange reserves, the central bank of Pacific found itself hopeless to resist in the face of a combined sniper from a powerful and well-funded Soros group and a large number of international speculators.
On July 2, 1997, desperate Tai Guo was forced to announce the decoupling of the Thai baht from the US dollar and the introduction of a floating exchange rate system. As soon as the news came out, the Thai baht exchange rate plunged 26%. This made the international speculators who participated in the short baht cheer, and the Goldman Sachs Group led by Chen Daojun bought a large number of putish futures contracts on the futures market against the US dollar, which obtained extremely rich returns for them, once exceeding 1.8 billion US dollars!
Beautiful country Goldman Sachs Group.
Everyone sitting around the conference room was happy. CEO James, who has always been unsmiling, also showed a rare smile at this moment.
"Chen, we can make at least $3 billion this time!" George on the side said with some excitement that because they followed Chen Daojun's advice and continued to absorb Thai baht since March, due to abundant funds and advance layout, the huge amount of Thai baht they hoarded here can be called a small nuclear bomb.
And they suddenly threw out at the last moment when the Soros group and the Central Bank of Taiguo were dead, giving the Central Bank of Taiguo a fatal blow! The current situation of the country is much more miserable than in the previous life, with domestic wailing, countless enterprises going bankrupt, and at least more than $6 billion ruthlessly taken away by speculators.
"Guys, it's just the beginning, and there are Xinjiapo, Feirubin, Indonesia, Stick Country, Sun Country and Xiangjiang waiting for us to snipe!" Seeing that everyone present looked a little excited, Chen Daojun directly proposed the next measures while it was hot. Of course, persimmons still had to be pinched softly, and soon Indonesia and Ferubin became their next targets.
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