Rebirth of the Financial Overlord

Hong Kong, HSBC Bank Building.

Meriwether put down the comprehensive report in his hand, with a relaxed and freehand smile on his face.

Due to the continuous appreciation of the yen, the neon export industry has been strongly impacted, and the economy is like a seesaw effect. With the decline of the neon export industry, Southeast Asian countries have been increasing rapidly with their high-quality and low-cost exports.

Coupled with the fact that global capital is flowing into these emerging market countries, the per capita income of each country is also increasing rapidly, and the real estate market and securities market are all rising steadily.

Especially in Thailand, since the Central Bank of Thailand fully relaxed restrictions on foreign investment in May, more and more capital has flowed into Thailand.

Two reasons.

In June 1984, Thailand began to implement an exchange rate system pegged to a "basket of currencies". The major currencies in the basket and their weights were: US dollar 80%~82%; Japanese yen 11%~13%; West German mark 6%~ 8%. The central bank of Thailand publishes the central exchange rate of the Thai baht to the US dollar every day, and the floating range is ±0.2% of the central exchange rate.

Under this institutional arrangement, the exchange rate of the Thai baht to the U.S. dollar has been maintained at around 25:1 for a long time, becoming a de facto peg to the U.S. dollar.

Moreover, Thailand opened up offshore financial services and launched the Bangkok International Financial Foreign Exchange Market.

All approved commercial banks can absorb deposits and borrow from abroad, and issue foreign currency loans in Thailand. Enterprises are free to borrow externally, and non-residents are free to open baht accounts at home and abroad for deposits, loans and free exchange.

Attracted by this policy, global capital is frantically pouring into the Thai market.

From 1971 to 1990, the average annual growth rate of Thailand's economy was 6.6%, but in the first two quarters of this year, the growth rate of Thailand's economy rose to 9.5%. It is believed that Thailand will soon surpass the four-year growth rate. The little dragon became one of the five little dragons.

And for a long time, Thailand's inflation rate has been effectively controlled between 3% and 6%.

What does this mean?

The extremely low inflation rate shows that the current fundamentals of Thailand are very good.

Moreover, with the continued appreciation of the yen and the depreciation of the US dollar, Thailand's export industry is under less and less pressure from neon lights. According to the data released by the Thai cabinet, the growth rate of Thailand's exports in the first quarter was still 10%, and the growth rate in the second quarter It reached 22 percent.

All walks of life have continued to improve, and Thailand's per capita income has risen from US$330 to US$1,000 in five years.

And this number, judging from the current situation, it is impossible to see where the limit of its potential is.

Who has money and doesn't want to live in a bigger house. No one likes living in a dark, damp and small space. The mortgage information sent back by the Bangkok branch is already a good proof of this point.

In just one week, the housing loan ratio of the Bangkok branch has increased by 10%, and housing prices have also increased by 10% year-on-year.

These are all the results of the Bank of Thailand's liberalization of foreign capital, and now, everything is just the beginning.

Picking up the coffee and taking a sip, Meriwether asked his colleagues with a smile.

"Guys. What do you think?"

“To sell real estate short, you need real estate prices to fall, and you don’t see any decline at all right now.”

"That's right. House prices can only fall if no one buys a house and tens of millions of people cut off their mortgages. But that's simply not possible."

"It looks like an extremely stupid investment."

"But it looks like, Shen, doesn't look like a stupid person."

"Maybe you don't understand the Chinese. When they have money, they will swell. There is a word called nouveau riche, yes. It is nouveau riche. Chinese people will always be arrogant when they have money.

Once I met a client who was said to be a coal boss from Shaanxi who came to Hong Kong for a tour. Guess what? Because he thought the coffee was too bad, he even said that he wanted to buy our bank. "

"My God. How ignorant. What happened next?"

"Later, I told him that he could inquire about the stock price of HSBC to see if he could buy 100,000 shares. There was no later."

"Ha ha!"

"."

"They Chinese also have an idiom called young and frivolous."

"It's really crazy, haha!"

"."

In the chief position, Meriwether shrugged while listening to the discussions of his colleagues.

"Then what do you think we should do?"

"This is HSBC. There are idiots who want to send us money. Is there any reason for us not to?"

of course not.

Even children will not refuse the New Year's money given by adults, although they will always be very humble and embarrassed to say no, no.

Central Plaza, Capital One Central Office.

Shen Jiannan was lying on the sofa, leaning on Lu Xinyue's lap and playing with her smooth hair. After hanging up the call from HSBC, the guy raised his eyebrows.

"New moon. I think those guys must think it's a very stupid investment. Probably, and call me an idiot."

"I also think this is stupid. The current Thai market is very close to Hong Kong's past development, and there is almost no possibility of any decline in housing prices. The mortgage interest rate in Thailand is as high as 6.8%. Our investment in real estate is expected to There won’t be much profit, and a large sum of money has to be paid to HSBC, even if you can make money, it’s not all working for HSBC.”

"Haha! Xinyue, you think I want to hedge the risk of Thai baht assets."

"Is not it?"

Shen Jiannan smiled wickedly and shook his head.

Immediately, Lu Xinyue's curiosity was aroused.

"It's not hedging the risk of Thai baht assets, so what do you want to do?"

"The last two words."

"If I beat you to death, I'll know how to be a hooligan in a day."

As she said that, Lu Xinyue began to beat Shen Jiannan, but the woman's curiosity finally got the upper hand. Looking at the treacherous Shen Jiannan in her arms, Lu Xinyue leaned over and acted coquettishly.

"Say it. What do you want?"

"think."

"Rogue, get down to business."

"It's done now?"

"If you play hooligan again, I will kill you.\

,"Lu Xinyue raised her fist to threaten.

Shen Jiannan remained unmoved, holding the catkin in his hand and still smiling playfully.

"Guess it."

"Hmph! People can guess and ask you!"

Lu Xinyueqiong's nose wrinkled slightly when she was so cute, causing Shen Jiannan to twitch her index finger.

"You promise me one condition. I'll tell you."

"What conditions."

Shen Jiannan said with a wicked smile.

"Judge Han Chuo parked in Qinhuai."

"."

Lu Xinyue's face was blushing leisurely, and her eyes were full of resentment, but in the look of anticipation from her lover, she still obeyed the bastard's intentions.

After a long time, Lu Xinyue raised her head and straightened her scattered hair. Her eyes were full of mist and she looked at her family who didn't have a regular lover all day long.

"Satisfied now."

satisfy.

Of course I am satisfied.

Lu Xinyue is no better than Aso Zhiyue and Xinchuan Masako, to be able to achieve this step, it is not because she loves someone very much, how can she be willing.

Shen Jiannan felt great love and compassion, and pulled him into his arms. The orchid breath came from the tip of his nose, and he felt the tenderness and delicacy in his arms, which made people feel infinitely satisfied.

"You said what would happen if we bought a $100 million credit default swap and Thailand's real estate collapsed."

Lu Xinyue wriggled her throat and thought about it.

But still, I didn't think of the possibility of a collapse in Thailand's real estate.

"It's impossible. Thailand's economy is developing very well, and there is no reason for it to collapse."

"You forgot neon."

"Neon is different. Didn't you say that Neon chose to give in? There is no reason for Thailand to do so, and it is impossible to do so."

"That's right. If you think so, HSBC must think so too. Otherwise, knowing that you will lose money, how could you do business with us?"

"Only you are smart."

"Of course. If I'm not smart, how can I get both money and money."

"It's cheap and good. Bad stuff."

"Want something bad?"

"Damn it. Get down to business."

"Thailand is one of the leaders of ASEAN. Now that the Soviet Union is in jeopardy and the Cold War is over, do you think that when the United States recovers, it will give ASEAN a chance to grow?"

"."

Before the autumn wind moves, the cicadas feel first.

History has already proved that the development and economic operation of things have their tracks and precursors.

Based on this logic.

A large part of HSBC's wealth management products in Asia are invested in the financial and real estate industries in Southeast Asian countries.

How could HSBC do this if it didn't see the opportunity.

The current economies of Southeast Asian countries are just like the bull market that has just started in the securities market. People’s income is good, their willingness to buy houses with loans is increasing, and housing prices are rising steadily. The economic cycle of the real estate industry is moving for decades or even upwards. For a hundred years, the situation is very good, how can it be possible to say that it will fall.

HSBC Building, the VIP reception room on the top floor.

Meriwether looked at Shen Jiannan like a fool. After confirming that Shen Jiannan was not joking, Meriweather's face twisted while holding back a smile.

Thailand, but the country second only to Singapore among Southeast Asian countries, has fully liberalized the financial market, and God knows how much capital will continue to flow into Thailand.

"Are you sure you want to target real estate in Thailand?"

"certainly."

"how do you want to do it?"

Shen Jiannan raised his eyebrows, took a sip of the free coffee from HSBC.

With HSBC's net worth to receive the highest-level customers, it is natural not to prepare rubbish.

unknown coffee.

Bitter with mellow, but the taste is really not bad.

"I want your bank to tailor a financial contract for me, and then use the contract to short."

"What good advice do you have?"

"For example, take the current prices of all real estate properties in the capital of Thailand as the subject matter to make a comprehensive weighted average house price index, and then based on this weighted average index, your bank will create a standardized financial contract for me."