The Rebirth of the Financial Hegemon

Chapter 78 The Bank of Thailand wants to commit suicide

Zhao Jiangchuan's memory is very good.

However, no matter how good your memory is, it is impossible to remember everything in detail.

Regarding the Asian financial crisis that became known to everyone, Zhao Jiangchuan's deepest memory is naturally the devaluation of currencies of various countries.

If anything can be remembered, it is the line of attack of international capital and the consequences of the financial crisis.

So from the beginning, he set up his game in Thailand in advance.

The Thai Baht is going to depreciate.

Previous analysis and the known future have determined that the depreciation of the Thai baht is simply unavoidable.

If you can open a position when the Thai Baht is at its highest price, you can naturally get the biggest gains.

Zhao Jiangchuan did this.

Relying on leverage, Jushi Capital established a position worth US$1 billion in Thai baht.

He also made over 100 billion baht in the Thai stock market.

As long as Thailand's fixed exchange rate is not broken through, Jushi Capital can convert the Thai baht in its hands into US dollars again and continue to short the Thai baht.

As for choosing to take action at this point in Myanmar, it is nothing more than a plan to seize the opportunity.

Just like the name of Boulder Capital.

When Zhao Jiangchuan named Jushi, he wanted to be the promoter of the trend.

Whether it is the huge stone capital in the previous life or the huge stone in this life.

We must carry forward the general trend of going forward and breaking through ten meetings.

Soros' Quantum Fund, if calculated purely based on income and operating capital, Quantum Fund can only be said to be at the top of the world's major fund rankings.

If we really want to talk about rankings, Quantum Fund cannot even make it into the top five.

Whether it is Jones Fund or Robinson's Tiger Fund, they have always been ahead of Quantum Fund in terms of income.

Not to mention large investment companies such as Black Rock Capital, Fujitec, Bully, and AllianceBernstein.

If a higher-level sovereign investment fund is added, Quantum Fund may not even be ranked.

However, Soros is recognized as the number one giant in the global capital market. Under his command, the Quantum Fund has frightened central banks around the world.

The reason is simply that Quantum Fund has taken the lead every time. Under any general trend, Soros will stay ahead of the trend.

This has something to do with Soros's personal character and Soros' strategy.

Over time, Quantum Fund will become an undefeated battle flag.

As long as Soros waves the battle flag, he will naturally summon countless funds to follow him in his wars.

Times create heroes, and heroes create times.

Whether Soros is a hero is another matter, but he is definitely a master in building momentum.

Zhao Jiangchuan chose to take action before Soros, not only to expand his troops as soon as possible, but also to build momentum for Jushi Capital.

Everyone likes reputation because there are always interests behind it.

The acquisition of Standard Chartered is part of Jushi Capital’s campaign to build momentum.

As long as Jushi Capital can overwhelm Quantum Fund in terms of reputation, it can gain the reputation that many people don't care about.

There is no false person under the great reputation.

As long as the name of Jushi Capital is known, countless political and business figures from around the world will come to their door.

By then, it will be easier for Zhao Jiangchuan to push forward his subsequent plans.

Just having money is not enough.

Only by forming a chain of intertwined interests can we better promote the general trend.

With an understanding of the future and economic, financial, and political understanding that transcends the times, Zhao Jiangchuan is always ahead of the curve.

So he chose Myanmar as a breakthrough point to sell the Thai baht in a targeted manner.

The first is to test the bottom line of the Bank of Thailand, and the second is to be the name that makes Jushi Capital stand out.

For billions of dollars in transactions, as long as you are not deaf or blind, you can immediately find out where these funds flowed into the market.

By then, the giant stone, already world-famous because of the Standard Chartered acquisition, will be able to rise like the scorching sun.

Zhao Jiangchuan's plan was successful.

After spending three billion US dollars, it immediately attracted the attention of major intelligence agencies around the world.

Soros can trace Jushi, and so can the intelligence agencies behind the major funds.

Everything is going smooth.

Under the selling price of US$3 billion, Jushi Capital has officially entered the world's top level of eyeliners.

If a company breaks the foreign exchange flexibility range maintained by the Bank of Thailand, it won't be famous even if it means not wanting to do so.

However, in Zhao Jiangchuan's eyes, all this was too abnormal.

At present, no one has an absolutely accurate concept of the foreign exchange reserves announced by the Bank of Thailand.

But in later historical records, the total reserves of the Bank of Thailand were actually US$30 billion.

In Zhao Jiangchuan's memory, during the battle of the Southeast Asian financial crisis, international capital and the Bank of Thailand fought at least four rounds before defeating the Thai baht.

With the US$3 billion currently being thrown out by Jushi Asset Management, it is absolutely impossible to defeat the Thai baht's defense line.

unless......

.......

Singapore.

Liu Qiang was shocked when he received the news from Zhao Jiangchuan.

After experiencing many large-scale battles in the market, Liu Qiang already understands what the general trend is.

The bigger the boat, the harder it is to turn around.

The more powerful the defense, once a gap is breached, it will be like a dam that is difficult to block again.

The breakdown of the Thai baht's elastic range means that the Bank of Thailand's defense line is out of control.

Under that kind of gap, the funds for subsequent attacks will be as endless as the tide in a dam.

That is definitely beyond human control.

But now, Zhao Jiangchuan says that this gap was deliberately released by the Bank of Thailand.

How can this be.

Once the gap is opened, it is difficult to close.

Is it possible that the Bank of Thailand wants to commit suicide?

But Liu Qiang also knows that Zhao Jiangchuan said that the Bank of Thailand is digging a hole, which must have an absolute basis for judgment.

Otherwise, Zhao Jiangchuan's character will definitely not affect his operations in the market.

At this point, Liu Qiang has always been deeply grateful.

But not any boss will delegate power to his opponents.

Of course, Liu Qiang's gratitude was entirely based on his lack of understanding of Zhao Jiangchuan's psychology.

If Liu Qiang knew that Zhao Jiangchuan had a mentality of working hard, he would probably suffer a shadow that was inconsistent with his age.

After digesting the strong shock, Liu Qiang said fearfully.

"Boss, are you saying that this might be a trap dug by the Bank of Thailand for us? Are you trying to trick us on purpose?"

"It cannot be said that the hole was dug for us. It should be said that we are jumping into the hole ourselves. To be precise, everyone who comes has to jump into this hole."

"You mean the Bank of Thailand targeted other funds? And then we foolishly jumped in?"

"Isn't that right? The spot situation is fine, but with the size of our current forward position, the Bank of Thailand can wipe us out with a backhand."

Liu Qiang said confusedly.

"It doesn't make sense! There is obviously a breakthrough in the Thai baht's fluctuation range. Is it possible that the Bank of Thailand still has the ability to fill this breakthrough?"

"You underestimate the Bank of Thailand, I guess..."

"..."

Liu Qiang was stunned.

Damn it, is it really possible to play like this?

However, Liu Qiang was someone who had stayed in Thailand for a long time. With Zhao Jiangchuan's explanation, he felt it was very possible.

Thailand claims to be a democracy, but the political power is actually in the hands of major families and the military.

If you really want to do that, it is definitely possible.

After realizing this, Liu Qiang tried his best.

"Boss, do you mean that we settle our positions first?"

"Liu Qiang, that's all you have to offer..."

"Boss, my young heart can no longer bear your insidiousness. My admiration for you is like the endless stream of a river..."

"Thanks for the compliment, haha...