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The Thai staff did not expect that the conversation would be so in-depth before the food was served, but they are all old foxes, and of course they thought of the advantages and disadvantages of this model.

The benefits are of course obvious. If you borrow a large amount of private capital, snipe at institutional investors, and then distribute the profits after obtaining them, it is good for economic development, but the possibility of success is too low. Even the Thunder, no one dares to believe it.

There are also disadvantages, that is, the money will be held by the Thunder. In the economic field, what matters is not who the owner of the funds is, but who is the user of the funds. You don’t have missiles, but you hold the remote control, and you are powerful. .

Kunyu's first reaction was to refuse, but when he thought about Thunder's bond interest rates that were not proportional to the risk, he knew that Lei Hao had someone to support this communication, and the Thai side could not stop it at all.

"We have some objections to the amount of debt issuance." Kunyu patiently explained: "Mr. Lei may not know that due to the complete layout in the past, the funds we will invest in infrastructure in the second half of the year are only about 100 billion baht. There’s a reason.”

"Private capital that is interested in participating in government infrastructure projects has almost been absorbed. Now most of the infrastructure funds are allocated by the government, and we estimate that the funds that can be raised through bond issuance will never exceed 30 billion baht."

"You need to issue bonds with a face value of up to 10 billion baht, which is equivalent to absorbing up to one-third of the funds in our country's financial market that may be used to purchase bonds and participate in construction."

"Furthermore, the current maximum coupon rate of my country's five-year construction government bonds will not exceed 7%. The 10% interest rate you adopted is not allowed."

Kunyu and his subordinates kept explaining, feeling aggrieved.

Lei Hao sympathized with the other party. This is called a weak country without diplomacy. Thailand is not too weak, but when they ask for help from others, China really puts pressure on them and dominates them.

In the next period of time, Thailand is expected to raise only 30 billion baht in financial funds through bond issuance. No matter how powerful China is, it cannot be said that it will only take one-third of the money when it opens its mouth.

You must know that the amount of money in the financial market is limited. If it exceeds 30 billion, the inflation rate will not be healthy and Thailand will be very sad.

And your coupon rate is higher than ours. Although it is a corporate bond, after subtracting the cost of CDS, the interest rate also crushes the Thai government bond interest rate. Counting CDS, your risk is similar to or even lower than that of government bonds. So, ...This is vicious competition.

"It's less than 300 million US dollars in total. I can exchange it with you for funds from the international market and then not issue bonds." Lei Hao raised an issue that would definitely be rejected.

Sure enough, the Thai side refused without hesitation: "How is this different from directly letting Thunder funds enter the market? It is impossible for Mr. Lei to understand the rules of economic operation."

"Do you want me to tell the truth?" Lei Hao was a little impatient. Thunder is a newcomer here, so he abides by their rules, but that does not mean that Thunder is easy to bully. "Whether it is the Thai royal family or local capital giants, Or it’s the established financial institutions, which one can’t use 10 billion baht at any time? If you don’t give it, won’t I be able to get it from other places?”

"But if we don't give it, you won't be able to let the funds flow into the securities market!" Kun Yu also said with a cold face.

Lei Hao looked at the other party with interest and said, "I disagree with this statement. In my opinion, Thailand's financial system is in ruins!"

The scene calmed down for a while. Thailand's financial system was indeed seriously injured. The internal and external worries are not just talk. If it were other countries, Thailand would definitely be qualified to act rogue, but China... Kunyu and the others represent pro-China The Chinese government helped build many of their projects.

No one can afford to offend China. This is Thailand's current situation. At least from an economic perspective, they dare not offend China.

Seeing the performance of this group of people, Lei Hao felt refreshed. Times make heroes. If he had come to Thailand a few years ago and talked like this, he would have been thrown out. But now, he can behave like this because I am Chinese. , I represent China’s will in a certain field.

"I'm here to help you. Bonds with high interest rates directly feed back bond holders, allowing them to enjoy more benefits of economic development. It's better than letting a small group of people exploit a large number of people. Lei Lei's eyes have always been It doesn't stop at ordinary people." Lei Hao spread his hands and his tone began to soften.

"We would rather you not offer these benefits." Kun Yu said with a bitter smile, but his heart gradually became cold. He is not a cat or a dog, and he is definitely not as harmless as he looks. He began to think about other things.

"We need to supervise the flow of this fund." Kun Yu said, pretending not to care.

"Of course." Lei Hao nodded.

"What I mean is to send people to Thunder's offices in Thailand, or... branches." Kunyu continued.

"I mean, yes." Lei Hao continued to nod.

"Well, it's a pleasure to cooperate. I look forward to seeing the day when the Thai Thunder develops." Kunyu said with a smile: "If possible, how about we underwrite the Thunder's bonds?"

As if he was afraid that Lei Hao would have other ideas, Kun Yu added: "We can digest high-interest-rate, low-risk bonds internally."

"The good news should not go to outsiders." Lei Hao nodded for the third time, and the two parties seemed to have reached a consensus and started a friendly conversation.

However, all fools know that the contradictions between the two sides have accumulated. Either the east wind will overwhelm the west wind, or the west wind will overwhelm the east wind. There is absolutely no third option.

After dinner, Ye Liu and the others began to communicate with the Thai side about the issuance of bonds and the establishment of Thunder Branch. Lei Hao sent Kun Yu away, returned to the hotel room, and began to ask China to send personnel.

On the other side, Kunyu had been holding back his anger, and only got angry after returning to his office.

"Damn Chinese!"

Foreign investment entering a certain country is actually a game of risk and return. After evaluating the risks of the target market, you can decide the amount and method of investment. Generally speaking, this is a matter of mutual benefit.

However, Lei Hao's method of using force to suppress others directly made Kunyu very helpless. The only thing he needed to make concessions was China, and Lei Hao was the representative of China's private financial capital.

Originally, Kun Yu and other Thai personnel wanted to bring Lei Hao into the game, and use Thunder's large amount of liquidity to inject into the Thai economy to further develop it. As long as it succeeds, everyone will not only make money, but also continue to hold power. However, the risk is directly caused by If the Thunder takes the responsibility, even if it succeeds in the future, it is not impossible to raise the Thunder like a pig.

Now that Lei Hao has found another way, the Thai side is embarrassed. They have guarantees, channels, and backgrounds, and they want to issue bonds by themselves. If you don't agree, they can enter the securities market alone through other methods. What a fool.

Lei Hao also knows that strong dragons cannot suppress local snakes, but if he is asked to operate funds according to other people's will, he would rather not participate in the Thai market.

Moreover, the winner is king in the financial market. As long as you let them see that you can get enough benefits in your way, these people will immediately change their attitude. In addition to the saying that a strong dragon cannot overwhelm a local snake, there is also a word called : It’s not that the Raptors can’t cross the river.