Reborn Industrial Tycoon

In July, people across the country were celebrating the return of Hong Kong Island. Before the clock struck twelve o'clock, many Chinese people stayed in front of the TV, looking forward to that historic moment.

Staying up late is harmful to the body. On the morning of July 1st, many office workers were late.

It was precisely because they had just stayed up all night that on the night of July 2nd, those who had stayed up late last night chose to go to bed early.

The same is true for Situ Jian.

Ordinarily, at Situ Jian's age, he should sleep less, but last night was so exciting. Even after the live TV broadcast, Situ Jian was still filled with excitement when he recalled the scene of the national flag raising. He lay on the bed for two or three days.

Didn't fall asleep for hours.

As a result, during the next day, Situ Jian became a useless dog and dozed all day long.

After finally staying up until night, Situ Jian yawned and went to bed after dinner, and soon fell asleep.

Until a phone ringing woke Situ Jian from his sleep.

Situ Jian looked at his watch and saw that there were still five minutes left before six o'clock in the morning.

Although he slept for more than ten hours, he still didn't get enough sleep. Feeling angry when he got up, he walked to the phone and picked up the receiver.

"Academician Situ, just twenty-five minutes ago, the Bank of Thailand announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system!" the person on the phone said eagerly.

Hearing the news, Situ Jian woke up with a start, and his anger disappeared instantly without a trace.

"Twenty-five minutes ago, it was half past five, and the local time in Thailand was half past four!" Situ Jian instantly realized that the situation in Thailand had really reached a critical point.

Under normal circumstances, how could a country's central bank announce a new monetary policy at 4:30 in the morning? Can't it wait until daytime?

But the central bank of Thailand did this, obviously it couldn’t even wait a few hours!

Situ Jian quickly estimated that it was 4:30 Thailand time, which was basically a gap period for foreign exchange trading.

Every country in the world has a foreign exchange market, so in theory the foreign exchange market is open 24 hours a day.

For example, the foreign exchange market in Moscow is closed, but the foreign exchange market in Frankfurt is still operating. At this time, you can switch to the foreign exchange market in Frankfurt; the foreign exchange market in Frankfurt is closed, but the foreign exchange market in London is still open. At this time, you can switch to London; when London is closed,

, the foreign exchange market in New York opened again, and so on.

However, in actual operation, the foreign exchange market is not active 24 hours a day, and there are always some periods of time in between.

Using China's time as the calculation standard, the regular time during the day is when the Asian foreign exchange market is open. During China's afternoon time, the foreign exchange markets in the Middle East and Eastern Europe are opening one after another.

The market in China has closed, and the foreign exchange market in Western Europe has opened again. At night in China, the foreign exchange market in Western Europe is in full swing, while the United States is preparing to open.

China closed in the early morning of the next day, and the United States also closed. From the time when the United States closed to the opening of Japan, that is, the period when the sun swept over the Pacific Ocean, no major foreign exchange market was in operation, which was a gap period for foreign exchange transactions.

The Bank of Thailand chose to announce the new monetary policy at 4:30 in the morning, which clearly shows that it is stuck at the threshold of this foreign exchange trading gap.

Specially choosing this foreign exchange gap period to announce new monetary policies also means that in the U.S. foreign exchange market that has just closed, the Bank of Thailand has fired its last bullet, and they can no longer wait for Tokyo to open.

"I finally gave up on the fixed exchange rate. What is supposed to come will come, but the actual situation in Thailand is much worse than I imagined. It seems that we have to hold another seminar." Situ Jian exclaimed.

Thinking of holding a seminar, Situ Jian suddenly remembered that at the seminar a few days ago, Li Weidong predicted that Thailand would give up its fixed exchange rate on July 2 or 3, and today is July 2.

"Li Weidong really got it right!" Situ Jian was immediately filled with surprise.

“It’s just a prediction that Thailand will give up the solid exchange rate, but it’s even accurate to predict the date. This is a bit outrageous!”

…

For the second seminar, people who arrived early were in small groups, discussing in low voices.

"Thailand gave up its fixed exchange rate on July 2nd, and that Li Weidong really got it right!"

“They even estimated the detailed dates, which is amazing!”

"Yes, when he said July 2nd or 3rd, I thought he was completely lying. Now it seems that this is a prediction from God!"

"I think this Li Weidong is not simple. His financial attainments are unfathomable!"

"To be able to make a company so big, you are definitely not an ordinary person."

At this time, Li Weidong walked in from outside.

"Chairman Li, here we come!"

"Chairman Li, your place is over here!"

"Hurry and pour some tea for Chairman Li!"

This time, as soon as Li Weidong walked into the conference room, he was immediately treated like a star.

The reason is naturally that Li Weidong successfully predicted the time when Thailand would abandon its fixed exchange rate.

Economic forecasting has always been a very mysterious thing.

For economists, a lifetime of research work is not as good as one accurate prediction. Many well-known economists will be respected by the world if they only make one accurate prediction in their lifetime.

Those who previously thought that Li Weidong's prediction was nonsense have also stopped their contempt. Regardless of whether Li Weidong's prediction has scientific basis, since the prediction is accurate, the winner takes all.

As soon as Li Weidong sat down, a middle-aged man in his forties came over.

Li Weidong did not know this person and was probably not an economist participating in the discussion.

I just heard this man introduce himself: "Chairman Li, my name is Zhao Jinshan. I do some financial investment business on Hong Kong Island."

Li Weidong was slightly stunned, and secretly wondered how someone doing financial investment in Hong Kong Island could get into today's meeting.

However, this person's accent was an authentic Beijing accent, so Li Weidong asked: "Boss Zhao, you should be from Beijing, right?"

"Yes, I was born in the capital, grew up in a courtyard, and only went to Hong Kong Island in the past two years to make a living." Zhao Jinshan replied.

When Li Weidong heard the words "grew up in the compound", he guessed Zhao Jinshan's identity.

At that time, if a person from Beijing could go to Hong Kong Island to do business, and his job was in finance, he must be a child of a relatively top-level senior official. Judging from Zhao Jinshan's age, the elders in his family may not have retired yet.

Just listen to Zhao Jinshan continue to say; "I also came to attend the last seminar. At that time, you said that Thailand would abandon its fixed exchange rate on July 2nd or 3rd. I think what you said makes sense, so I

Several transactions were conducted on the Forex market.

The result is really as you said, Thailand abandoned the fixed exchange rate on July 2nd, and I made a fortune because of it. Today I came here, firstly, to thank Chairman Li, and secondly, I want to ask Chairman Li to continue to give advice.

"

"I met an international financial speculator!" Li Weidong said with a smile.

"I am not an international financial speculator. I just follow those financial giants and eat scraps. The key is the guidance of an expert like you." Zhao Jinshan said with a smile.

"Boss Zhao, you're welcome. I'm not an expert. I'm just making some judgments based on the current situation." Li Weidong replied.

"What does Chairman Li think the situation will be like in Thailand next?" Zhao Jinshan asked immediately.

"The depreciation of the Thai baht has just begun. If you follow those financial giants in the next month, you will definitely not suffer. When the Thai baht completely collapses and Thailand becomes unprofitable, those financial giants will switch to war.

Other battlefields." Li Weidong replied.

"Where are the other battlefields?" Zhao Jinshan asked again.

Li Weidong thought for a while and replied: "I think the next target of international financial speculators is Malaysia. Malaysia's interest rates are also very high, and their ringgit is currently a fixed exchange rate system. In addition, Hong Kong Island will also become the target of international financial speculators.

The target of the attack.

However, Hong Kong Island has abundant foreign exchange reserves and does not have much foreign debt. The financial system is more mature and the financial structure is relatively healthy. It can withstand the first wave of attacks from international financial speculators. If international financial speculators attack Hong Kong Island, they will inevitably suffer losses.

Then don’t follow up.”

"My financial investment company is located on Hong Kong Island, so there is no reason to attack myself! If international financial speculators dare to come, I will definitely support Hong Kong Island!"

Zhao Jinshan paused and then asked, "Will Indonesia and the Philippines also be attacked by international financial speculators?"

"Of course!" Li Weidong nodded, and then said: "It's just that Indonesia and the Philippines are too poor. Even if you attack the Indonesian rupiah and the Philippine peso, the profit will be limited. It is far worse than attacking the Thai baht and the Malaysian ringgit.

What a great deal.”

Zhao Jinshan suddenly understood and nodded: "It makes sense. In the past, those bandits who occupied the mountain as kings only robbed rich people. Poor peasants who had no money could not rob anything."

"So you have to look further ahead. Don't look at poor people like Indonesia and the Philippines, but look at rich countries." Li Weidong replied with a smile.

"A rich country? You mean Japan? Will international financial speculators attack Japan? This is unlikely! Japan is the second largest economy in the world!" Zhao Jinshan said.

"I'm not talking about Japan, but South Korea." Li Weidong laughed and continued, "This topic will be more troublesome to explain. Let's have a meeting first. If there is a chance, I will explain it in detail at the seminar."

…

After a while, Situ Jian came to the conference room, and beside him was a gentle middle-aged man.

Just listen to Situ Jian's introduction: "The superior leaders are also very concerned about our seminar. Office X has even sent Secretary Chen here to participate in this seminar. Everyone is welcome!"

After a burst of applause, the gentle man said, "Dear teachers, I will keep the story short. Our leaders attach great importance to today's seminar and are very interested in the content.

However, due to his busy work schedule, the leader was unable to come in person to discuss with the teachers, so he specially sent me to attend this seminar.

In addition, before leaving, the leader asked me to bring three questions. I hope that these three questions can participate in this seminar."

As Secretary Chen spoke, he opened his notebook and said, "The first question is the impact that Thailand's abandonment of the fixed exchange rate will have on Thailand's economy.

The second question is whether Thailand's abandonment of the fixed exchange rate will affect the economy of Hong Kong Island. If so, how big the impact will be. The third question is whether Thailand's abandonment of the fixed exchange rate will have a chain reaction. What impact will it have?

to Asia and even the world.

The leader’s instruction is that there is no right or wrong view, and there is no need to discuss the correct answers to these three questions, but the leader wants to hear analyzes and opinions from different perspectives. So I hope all teachers can express their opinions.”

Secretary Chen said, closed the notebook, and then retreated to his seat.

Situ Jian said: "You all heard clearly the three questions brought by Secretary Chen! So the content of our meeting today is mainly to discuss these three questions."

Situ Jian said, looking at everyone, and finally his eyes were fixed on Li Weidong: "Chairman Li, at the last meeting, you successfully predicted the time when Thailand would abandon its fixed exchange rate. Today, you will say a few words first!"

Everyone immediately cast envious glances at Li Weidong.

There are obviously benefits to being the first to speak. This is probably like a speech contest. The first person to appear will definitely be remembered by the judges regardless of whether his speech is good or not.

Moreover, in this kind of seminar, the same opinions will inevitably appear, and the person who first puts forward the opinion will take the lead, and the experts who later express the same opinion will become the echoers.

For example, when everyone tastes an apple, Li Weidong is the first to express his opinion, saying that the apple is very sweet, and the next person who also says that the apple is very sweet is echoing Li Weidong's statement.

When Secretary Chen reported to the leadership, he would also say that Li Weidong’s view was that apples are very sweet, and people like Zhang San, Li Si, Jiasha Monk and others behind him all agreed with this view.

At this time, what the leader can remember is definitely Li Weidong who put forward his point of view, not Monk Sha who followed behind and kept saying "Big Brother is right."

Therefore, the first person to speak, no matter what he says is right or wrong, will definitely be able to show his face in front of the leader.

If this person's point of view happens to be correct, it is not just as simple as showing his face in front of the leader.

There are so many economic experts in the conference room, many of whom are highly qualified. Under normal circumstances, Li Weidong would not be the first to speak.

But in the last seminar, Li Weidong successfully predicted the time when Thailand would abandon its fixed exchange rate, which became an absolute plus. If Li Weidong was the first to speak, others could not fault it.

Of course Li Weidong knew the importance of being the first to speak. He did not refuse, but said: "Since Academician Situ has called on his name, I will show my humble opinion and hope that all teachers will correct me if I am wrong!"

After being modest, Li Weidong cleared his throat and said: "Let me tell you my judgment first. I think Thailand's abandonment of the fixed exchange rate is a fuse. This fuse will set off a crisis that will affect the entire Asia-Pacific."

Asian financial crisis in the region!”

Li Weidong said the words "Asian financial crisis" very clearly.

Hearing these words, the scene suddenly went into an uproar!

Almost everyone feels that Li Weidong is talking nonsense again!