Rebirth 76: Industrial Internet Empire

"Why are you two looking at me? We Qianhai Asset Management also need word of mouth. We are also planning to delve into the Southeast Asian market in the future..." Li Heping waved his hands quickly and said.

Yang Mo smiled bitterly and said: "I know that being responsible for attacking the property market is a thankless job. We will not let you suffer in vain. Merlo Bank will provide you Qianhai Asset Management with a low-interest loan of US$30 billion. How about attacking the property market?"

Jonathan quickly echoed: "HSBC is also willing to provide you with $30 billion in low-interest loans..."

Of course Li Heping understood Yang Mo's intention, shook his head and flatly refused: "That won't work either! Shorting the property market not only requires investing a lot of money, but will also result in huge losses!"

The negotiation seemed to have reached a deadlock. Yang Mo pondered for a moment and said: "Do you think this will work? In addition to providing you with a low-interest loan of US$30 billion, the plan to short the Singapore dollar to contain the Bank of Singapore was also planned by Zhiyuan Group and HSBC Take responsibility to support Qianhai Asset Management, and you can free up funds to attack the Thai baht with all your strength!"

Li Heping fell into deep thought and still refused to agree to Yang Mo's plan.

"The losses within the dike should be made up for outside the dike! As long as the Thai financial system is defeated, the money lost in the property market will soon be earned back from the futures market and the foreign exchange market. I can make another promise to you: After the success of the hurricane plan, Merlo Bank will be in Southeast Asia Financial institutions in various countries will inevitably have many non-performing assets. Under the same conditions, we will hand over all these non-performing assets to Qianhai Asset Management!" After Yang Mo finished speaking, he winked at Jonathan...

Jonathan understood instantly and said immediately: "I agree with Mr. Yang's proposal. All non-performing assets of HSBC in Asia will be given priority to Qianhai Asset Management in the future!"

Li Heping reluctantly agreed to Yang Mo's proposal, but Jonathan didn't know that the affiliated companies of Zhiyuan Group already had three properties that had not had time to be sold, which were reserved for the critical moment.

………………

The next day, Sing Tao Daily published exclusive news on its front page: What are the four major capital giants gathering in Singapore?

"Our reporter exclusively reported: Mr. Li Heping, President of Qianhai Asset Management, and Mr. Jonathan, an executive of HSBC Bank, arrived in Singapore on the same plane yesterday afternoon. After arriving in Singapore, they checked into the Marina Bay Sands Hotel together and immediately communicated with Zhiyuan Group Chairman Yang Mo met with Lin Xi, known as the "Queen of Stock Index Futures"..."

"It should be no coincidence that the four major capital giants gathered in Singapore. During the meeting, Li Heping, president of Qianhai Asset Management, also took the time to meet with John Cena, president of the Asia Pacific region of Chubb Financial Services in the United States, and Chen Yaoming, director of the futures department of SGX, as well as the British IG Group executives..."

"I believe the name Qianhai Asset Management is familiar to many investors. The biggest driver of the Japanese stock market crash was this mysterious Qianhai Asset Management Group. At that time, it was they who used their amazing financial sense to sense the accumulation of Japanese stock and property markets. The huge bubble, and then took the lead in short-selling the Japanese telephone company with a market value of more than 3500 billion US dollars, sounding the death knell of the collapse of the Japanese stock market and real estate market!"

"According to the information we received, not long ago, it was this Qianhai Asset Management Group that was frantically shorting the Thai baht in Bangkok. The entire Southeast Asian financial market was in turmoil, and the central banks of various countries were in danger of facing a powerful enemy..."

"The author does not intend to belittle these financial speculators who are keen to short the sovereign currencies of various countries, but they have indeed brought unbearable losses to ordinary people. Singapore is a country that mainly focuses on port economy and financial services. Once it encounters these international The attack by financial giants will bring us disaster."

………………

The Sing Tao Daily article caused an uproar among the entire Singaporean public.

As if to verify the speculation of Sing Tao Daily, the trading volume of the Singapore foreign exchange market increased sharply, and some mysterious accounts began to sell Singapore dollars aggressively...

Faced with a formidable enemy, the Central Bank of Singapore had to urgently activate its foreign exchange reserves to maintain the stability of the foreign exchange market.

In order to be conservative, the central bank of Singapore increased the capital cost of international hot money, quickly raised the benchmark interest rate, and immediately raised the inter-bank lending rate, and the inter-bank lending rate immediately began to soar!

Yang Mo was unmoved. In addition to continuing to short-sell the Singapore dollar 012 long-term contract and the Malaysian ringgit long-term contract in the foreign exchange market, he continued to lend Singapore dollars and Malaysian ringgit from major foreign banks regardless of the rising interest rates. Selling in currency markets…

Jonathan's operation was much more low-key. He had no choice but to open a position. In addition, for the sake of HSBC's reputation, Jonathan borrowed Singapore dollars from other commercial banks in Singapore through interbank lending and sold them in the foreign exchange market. After obtaining the US dollar assets, he transferred them to Other private accounts then go to the foreign exchange market to sell Singapore dollar futures contracts.

Subsequently, Jonathan quickly copied this method to HSBC's branches in Southeast Asian countries, and it took less than 20 days to complete the initial position opening.

Singapore is the bridgehead for Western capital to enter Southeast Asia. The changes in the Singapore foreign exchange market have attracted a large influx of international hot money.

There is no way, these international hot money are like bloodthirsty crocodiles. As long as they smell a little smell, they will swim over in groups.

Singapore is not only located at the transportation hub of Europe, Asia and Africa, but also the largest foreign exchange offshore market in Asia. It has unique time zone advantages. In the morning, you can open an account to trade with Hong Kong, Tokyo, and Sydney in the Asia-Pacific region, and in the afternoon, you can also participate in Zurich, London, and Paris. , Frankfurt and other European financial markets, and continue to participate in commodity transactions on the New York Stock Exchange and Chicago in the evening. According to transaction needs, foreign exchange and futures transactions can be conducted with major global financial markets almost at any time 24 hours a day.

A large amount of hot money poured into the Singapore foreign exchange market, putting the Singapore central bank under unprecedented pressure.

After these international hot funds flow to the Southeast Asian market through various channels of Singaporean financial institutions, in addition to borrowing local currencies from local banks through pledges, and then short-selling them through the foreign exchange market, they sign hedging contracts with multinational foreign banks and then exchange them into Southeast Asian currencies. Currencies of various countries are being sold off in the foreign exchange market...

Central banks of various countries have used their foreign exchange reserves to maintain the stability of the foreign exchange market, but their poor foreign exchange reserves cannot last long...

Bangkok Government Building.

"Daxin, have you contacted the presidents of Merlo Bank and Citibank? What did they say?" asked an old man with gray hair on his temples.

"We got in touch, and they agreed to our loan request, but it was a drop in the bucket, and hundreds of millions of dollars were of no use at all!" Qiu Daxin said with a frustrated look.

The old man with gray hair on his temples is named Ma Dexiang. He rose to the top of Thai politics a year and a half ago, and Qiu Daxin is his political ally and deputy, as well as Yang Mo’s old friend and business partner...