Rebirth of the Official Business Route
Chapter 590: Exchange rate loss
The dark clouds of the financial turmoil are raging in the low altitudes of Southeast Asia, but the financial giants have no intention to stop. The scale of international hot money flocking to Asian financial markets is also growing. There has been no such feast opportunity for a long time. .
When Southeast Asian governments gave up resistance, these countries as food sources could no longer satisfy the appetites of financial giants. Entering mid-August, it was time to re-select prey. On the other hand, Asian governments have stepped up vigilance and have taken measures to restrict their own countries. Speculative trading of currencies increases the cost of speculative trading. Fastest update of novel chapters
Zhang Ke's hedge fund seems a little insignificant at this time. It is precisely because they are submerged in the huge tide of international hot money. They have a delicious meal in Thai Baht and Indonesian Rupiah. After that, they will no longer have the opportunity to build a position first. They can only follow. The main international hot money swarms across the sky of Asian financial markets like locusts, swooping down for a gourmet meal if they have the opportunity.
In early August, Zhang Ke stayed in Haizhou and encountered something like that at The Peninsula Hotel. After all, it was not a pleasant experience. He stayed in Haizhou to accompany Tang Jing. Chen Feirong also returned to Haizhou during her vacation. Individually, the botanical garden under the southern cliff of Xiangshan has also begun to take shape. Haiyu International Private School will also be officially opened this semester. Zhitong, Xirong, Xiyu and the children of senior staff of Kumho will be admitted students. . "Fiction" novel chapters are updated fastest
In early August, Zhang Ke, Tang Jing, and Chen Feirong were hanging out at the Botanical Garden and Haiyu International Private School, but there were three little tails behind them, and they couldn’t get rid of them. Zhang Ke felt that he was deeply trapped in his daughter’s country. .
After Tang Jing successfully passed the interview with the admissions staff of the University of Hong Kong to Haizhou, he returned to Hong Kong again. Du Fei suffered a lot of life and was always left in Hong Kong.
When Zhang Ke came to Hong Kong again, the college entrance examination results and the admission line for key undergraduates were also available. The results of their class were considered stable in the key liberal arts classes in the past.
There are four people who can get to the liberal arts line of Dongda University. Li Ji, Xiao Chunming, and Xu Ruohong were admitted to Dongda without any accident, and another boy who was silent on weekdays passed the foreign language department of Dongda—Zhang Ke didn’t know the name of that boy so far, and he didn’t seem to listen to it. He was mentioned by others; Du Fei missed six points, but he was within the Weipei line; this was a result that made him quite satisfied, for him. As long as you can take home the admission notice of Dongda University, you will be the biggest confession to his mother. In addition to Zhang Ke, the "surprising" recommended student, there are two other students from the liberal arts class. In Haizhou, eight liberal arts students received Dongdadi admission notices, and one in Zhang Ke's class was admitted to the Peking University School of Economics and Management.
Colleges and universities in the province are rich in resources. Nearly half of the students in Zhang Ke’s class went to Jianye to study at a university. This time was the season for the whole class to buy drunk land. The most tyrannical moment in Asian economic history in the past ten years, but the most violent moment for them; his old man Du Xiaoshan has just been transferred to the position of the head of the municipal party committee. He is also indifferent to him.
What the nearly twenty-year-old life lacks more is the broadening of horizons and the in-depth and subtle thinking and observation of life, the world, and society. Although Du Fei once insisted on receiving psychological counseling, no one paid any attention to him. I don't have the face to insist on asking.
Zhang Ke returned to Hong Kong on August 17th. The most brutal moment of the first wave of financial turmoil has blown over Southeast Asia. However, the aftermath of the storm is still blowing, and the swarms of hot money do not mean to give up all the residue. Financial markets such as foreign exchange, futures, and securities are violently oscillating. It seems that the last greed will also be swallowed up. Southeast Asia The former four filial piety has already been eaten so that only the bones are left.
Coincidentally, Zhang Ke, Xie Jiannan, Xie Zhan, and Liu Minghui went to Hong Kong on the same plane of Eastern Airlines.
This Eastern Airlines flight does not have first class, only economy class and business class. Seeing Xie Jiannan and Xie Zhan walking from the aisle to the economy class with their briefcases haggardly. There was a smile at the corner of Zhang Ke's mouth, which didn't mean to say hello. It just made the faces of Xie Jiannan and Xie Zhan even more gloomy; Liu Minghui even lowered his head and dared not look at Zhang Ke. Sitting next to Zhang Ke was Lai Jichun, who replaced Liu Minghui as the head of the sales department of Aida Electronics. Liu Minghui personally hired her to the Aida Electronics Marketing Department from Hangzhou Didongfang Communication. She was the deputy manager of the Central China region and then the manager of the East China region. Liu Minghui also did her job when she went to Kewang. Was rejected by her.
How can Liu Minghui stand up to this situation? Only bowed his head and walked over sadly; only more than nine months have passed.
Thailand’s economic crisis first appeared in mid-June, and suddenly hit the entire Southeast Asian region in mid-July. It was impossible to leave time for the king to adjust its overseas business. At this time, the hastily shrinking will only cause heavy losses. Of course, they succeeded. The biggest loss was moved to the heads of Ge Mingxin and Ge Yinjun, but Kewang has already felt the pressure of the inventory backlog. The sales of Kewang disc players in Southeast Asia in July have dropped by 20% compared with June. This is not planned for the inventory in the hands of local distributors in Southeast Asia.
Of course, Xie Jiannan was depressed. Someone who took the same flight as Zhang Ke had to take the economy class to cut expenses. In fact, although Aida Electronics only announced the economic crisis warning on July 11 to adjust its business in Southeast Asia, but They began to adjust the business structure of Southeast Asia as early as May, and while reducing marketing investment, they strengthened the construction of channel vendors and inventory management in Southeast Asia. At the beginning of June, channel vendors in Southeast Asia increased their orders. Electronics stopped increasing its shipments to Southeast Asia, and even categorically abandoned the Indonesian market in mid-June.
This kind of foresight into the market situation will make any competitors of Aida Electronics feel extremely depressed, but they have to be admired. It also makes the people of Kewang further lose their confidence in opposing Aida Electronics; even if Aida Electronics really has something to do with it. To no avail, there is still a huge amount of four billion yuan lying quietly on the account of Kumho.
Although Kumho raised his feet and didn't mean to step on them, at this time, he could only look at the soles of other people's feet. Who would feel better?
Lai Jichun sat on the side of the aisle and couldn't help but glance at it with his brown head until Xie Jiannan, Xie Zhan, and Liu Minghui walked out of the business class aisle and sighed softly.
It was the first time that she accompanied the big boss on a business trip. Although Kumho no longer has a financial connection with Aida Electronics in name—Xie Wanqing’s Haiyu Company is the actual controller of Aida Electronics, but the people inside Aida Electronics never think that they have been separated. Kumho’s system is evidenced by the fact that it still accepts the guidance of the operation department of Aida Group in its disc player business.
She can still think of Liu Minghui’s enthusiastic remarks when she instigated her to hop to the King of Science. I’m afraid that he didn’t talk to other people less. That enthusiastic remark has become a joke, but no one wants to mention it anymore. Liu Minghui also counts as the veteran of Aida's entrepreneurial venture. If he does not leave Kumho, who is a senior manager at the level of Liu Minghui who has obtained less than two or three million shares in this acquisition?
"King Ke is in a difficult situation right now!" Zhang Tuo Lai Jichun looked back and asked casually.
"Oh..." Lai Jichun responded, his nerves tightened immediately, wondering if he looked back and made the big boss see it. In fact, flying to Hong Kong with the big boss is very stressful. I don’t know what a problem will suddenly come up. When I get slow, I feel sorry for the salary I got, and carefully choose the words to deal with it, and said, "King Wang So much investment in Southeast Asia in the first half of the year ~www.wuxiaspot.com~ The pressure is great! Other than that, the currency depreciation in Southeast Asia poses the most direct pressure on disc player manufacturers, which is to sell products in the region. Significant depreciation. The selling price of the Thai baht and Indonesian rupiah cannot be increased. The Thai baht depreciates by 30%. The dollar price, renminbi price, and Hong Kong dollar price of a disc player sold in Thailand is actually equivalent to a 30% depreciation. The current average of the disc player industry The gross profit is less than 30%, which is only enough to give them a headache; at this time, the manufacturing cost advantage can be fully reflected. We can greatly reduce the price of goods to Southeast Asia, and ensure that the US dollar settlement, the Southeast Asia distribution Companies still have a certain meager profit to support the Aida disc player market in Southeast Asia-they will lose money to follow up operations, and may also choose to completely abandon the Southeast Asian market. It is difficult to guess at this time..."
"Haha," Zhang Ke smiled unscrupulously. At the beginning, he was bent on enticing King Ke to work hard to open the Southeast Asian market. At this time, he said some cynicism, which was a little too cautious. He smiled and said to Lai Jichun, "Indonesia The market over there will leave it alone and let it fall. We have to do two things. On the one hand, we will continue to maintain the factories in the Philippines and Malaysia, and increase the volume of the two factories to the surrounding areas to make up for the exchange rate loss. On the other hand, At such a difficult time, we should help those distributors in Southeast Asia as much as possible to overcome the difficulties that may last a year or more. Also, during this time, the doors of Southeast Asian countries are basically opened. During this special period, it may be easier to obtain the sales license of digital mobile phones in these regions. In this regard, you have to work together with local distributors in Southeast Asia..."
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