The Son of Finance of the Great Age

Chapter 330: Self-destruct the Great Wall

  Chapter 330 Self-destructing the Great Wall

   "Damn it, you're so powerful that you directly break your belly in public?"

  Seeing the scene of the Korean man holding a knife on TV, the employees of Tianyu Fund were stunned and rubbed their eyes subconsciously, fearing that it was an illusion caused by vertigo. Zhong Shi, who had been sitting at the front and staring at the TV, uttered a foul language.

  In Tianyu Fund, corresponding TV sets are installed on the ceiling, which can receive satellite signals from all over the world. At this time, these analysts stopped their work one after another and watched the live broadcast from South Korea's KBS TV station intently.

Although I have known the paranoid character of Koreans for a long time, and I have often heard of suicides and hunger strikes when Koreans protested against certain actions in Japan, but these are important national affairs after all, and they are related to the principles of the entire Korean government. It is a common trick for politicians to pay people to perform hunger strikes and suicide shows to mobilize national sentiment and put pressure on the Japanese side. But now it seems that this method is not necessarily the specialty of politicians.

   "Are Koreans really so patriotic?"

Jong-shik tilted his head and thought for a long time, and a slightly strange scene appeared in his head, that is, not long after, all Korean people put away their gold and silver jewelry, including rings, necklaces, earrings and even to save the country’s currency. Teeth, all donated to the country, as an endorsement of won. They naively believed that if they had these gold backings, the value of the Korean Won would not depreciate so much.

  Zhong Shi was silent on the sidelines, while other analysts and traders were dumbfounded. They had never seen such a scene before, especially in South Korea, which has never been very visible. As far as Japan is concerned, I know that there is a tradition of breaking the belly, but in Japan it was a thing during World War II. In recent years, it is rare to hear that someone will break the belly in public.

   Thinking of Japan, the hearts of the researchers are full of enthusiasm. For them, it is a shopping paradise and a good place to play with women. But at this time, they obviously didn't have the heart to think more about Japan, and started discussing the scene they saw just now.

"Isn't it? Koreans are so scary? It doesn't matter if these people with flat noses and single eyelids are ugly, why would they think of using the method of breaking their stomachs to demonstrate?" This is someone who obviously doesn't like the appearance of Koreans. Said.

"If people from the Hong Kong Monetary Authority took to the streets to parade like this, I would definitely not stop them, and I would watch them commit suicide!" Know why he has such a big dissatisfaction with HKMA.

"If there is such a commotion, how high is the probability that this bill will be passed? How much pressure will the public opinion generate? What will happen to the Bank of Korea's open operation in the market?" And the thoughtful people quickly thought of the follow-up reaction, Can't wait to ask the question in my heart.

  As soon as this remark came out, the originally noisy trading floor fell silent, but the silence did not last long, and soon the analysts began to chatter again.

  "If there is a related situation in Hong Kong, I am afraid that even the chief executive will not be able to sit still?"

"Hey, don't be too serious. You should know that in South Korea, there are several cases of similar parades every day. Although not every time there is a case of suicide by breaking the abdomen, there have been similar cases before. The votes of the congressmen should be respected. Has little effect."

   "Not necessarily, people are about to die. Could it be that those people in the Blue House still stand by and watch? You must know that South Korea is also a democratic country now, and any change in public opinion will affect the decisions of politicians!"

"Politicians, do they care about the life and death of an ordinary person? Moreover, this time it is obviously not an ordinary person. Besides, the number of demonstrators is a little smaller. I am afraid it will not have much effect on the overall situation. You must know It’s Seoul, and there are tens of millions of people.”

  …

  For a while, there were different opinions and debates, but even if they were blushing and neck thick, it was difficult to convince each other.

  Seeing this scene, Zhong Shi shook his head helplessly, winked at Ren Ruowei beside him, and then entered his office without looking back.

Seeing that the big boss left, the researchers who had been arguing before stopped talking one after another, for fear that their words and deeds would cause Zhong Shi's displeasure. round of debate.

   "What do you think about the current situation?" Ren Ruowei just walked into Zhong Shi's office, Zhong Shi immediately asked, without saying a word of nonsense.

"This..." Ren Ruowei pondered for a while, then looked at Zhong Shi's face, and then replied cautiously: "It seems that the Bank of Korea is also involved in this controversy, although it seems that their behavior is very serious. It is extreme, and it also occupies the righteousness, but I still have doubts about the effect they can have."

  Ren Ruowei's statement is undoubtedly somewhat ambiguous, and it also avoids the main point. Zhong Shi’s expression remained the same, but his tone of voice became more severe unconsciously. He said, “I didn’t ask you about the political situation in South Korea, and besides, I don’t care about it. What you should answer is about the current analysis and judgment on the trend of the Korean won. This is the focus of our discussion! The relationship between Cheong Wa Dae and the parliament, and whether this bill can be passed is not important!"

   "Not important?" Ren Ruowei's face was full of bitterness, how could this not be important? If the Bank of Korea maintains its current independence, they are likely to continue to intervene in the Korean won in the market; and if this bill is passed, the financial system such as South Korea's securities banks will face a reshuffle, which will inevitably have a negative impact on the foreign exchange market. He has a great influence, but the boss who has always been regarded as a wise and powerful boss actually said that it is not important, how can this make him feel embarrassed?

  However, being able to be trained by Zhong Shi as a manager, Ren Ruowei obviously has two talents, he just thought about it for a while, and immediately reacted, and blurted out: "Zhong Sheng, do you know something?"

At first I thought the boss would deny it, but Zhong Shi just nodded slightly, gave him an approving look, and said, "Yes, I did receive some inside information. Pass 13 bills first to warm up the upcoming financial reform bill. At the same time, South Korea’s Ministry of Economy and Finance is also conspiring to announce another set of measures to rectify the financial system after the bill is passed. It should be said that it has already It's sharpening the knife and rushing at the pigs and sheep!"

After a pause, Zhong Shi went on to say: "It's just that today's announcement probably disrupted their intentions. Don't underestimate the demonstration of these thousands of people. You must know that they are all employees of the Central Bank, representing the The will of the whole central bank, which will put strong pressure on MPs to some extent."

   "What else?" After listening eagerly for a long time, Ren Ruowei still didn't hear the information he wanted.

Seeing him so restless, Zhong Shi sighed slightly in his heart, but nothing showed on his face, and then said: "The situation has become clearer, the central bank and the National Congress have fallen into some kind of dispute, Although we don't know what the inside story is, isn't this a great opportunity for us to short the won?"

Ren Ruowei rolled his eyes for a long time, obviously thinking about something quickly in his mind, and after a long while he mustered up the courage and said with a straight face: "Zhong Sheng, do you have inside information and think that the bill is Can’t pass or can pass? If there is, just say it, don’t torture me anymore, I’m about to be suffocated to death.”

Zhong Shi didn't know whether to laugh or cry, and picked up the paperweight at hand as if to smash it, but when he thought that this paperweight cost a lot of money to buy, he withdrew his hand embarrassingly, pointed at the tip of Ren Ruowei's nose and cursed: "Fuck, You know the inside information every day, can’t you analyze it with your own judgment? Not to mention anything else, just say how many Korean won we have sold in the market so far? In addition, following our Hong Kong How much Korean won did the consortium sell, as well as a coveted American consortium? Use your brain to think about it, even if they pass the relevant bill, how much foreign exchange reserves can the Bank of Korea have to support the Korean won?"

"I'll do the math!" Even though he knew the number of positions well, Ren Ruowei still put on an ignorant look, tilted his head and thought for a long time, and then said in surprise: "We sold at least 5.4 billion worth of stocks. The Korean Won of the U.S. dollar now has 5.076 billion U.S. dollars in cash on hand, so we have taken such a large position without knowing it.”

"Come on!" Zhong Shi gave him a contemptuous look, ignoring his little trick, and said, "Even if ten times as much money as ours is sold in the market, I'm afraid it has consumed more than 50 billion yuan in the Korean side. For the foreign exchange reserves of the US dollar, think about how long South Korea can support. If South Korea cannot support it, they will inevitably ask for help from the International Monetary Fund, and the International Monetary Fund has basic requirements for foreign exchange reserves. By then South Korea will Even if the bank wants to protect the market, I am afraid it can only be powerless."

  As soon as he said this, Ren Ruowei showed surprise on his face, and he couldn't wait to say: "Zhong Sheng, you mean that we cleared all the Korean won positions these two days? Sell regardless of cost?"

  Zhong Shi glanced at him speechlessly, turned his head and said nothing more, but he had already expressed his meaning clearly, and what to do was up to Ren Ruowei's understanding.

After Ren Ruowei went out with a smile on his face, Zhong Shi sighed slightly, and said in a subtle voice: "Self-destruction of the Great Wall happens everywhere, I never thought that the capitalists in South Korea would be so greedy, and they would do it regardless of the overall situation." Run away desperately. It's just that the big leaky ship of the Korean Won can't carry them now, even if they are lucky enough to get on the ship, I'm afraid they will taste the consequences and die at the bottom of the sea in a short time!"

Zhong Shi is very clear about the future of South Korea. Those who clamor for liberalization and independence have only grasped the surface of Western economics. Don't look at them jumping so hard now. When the crisis really comes, it still depends on the government control can survive.

   "Self-destructing the Great Wall? Uh...it seems that they don't have the Great Wall!" Zhong Shi, who was in deep thought, suddenly thought of such a question, and a sneer appeared on his face involuntarily.

  …

After the South Korean side made such a dumbfounding joke, the sell-off in the entire Korean won market was obviously much stronger than before, and the Bank of Korea also began to reduce the amount of support. Although the Korean won market was still at 987 won on this day The exchange rate against the US dollar, but everyone who is shorting the Korean won is gearing up and waiting for the next trading day.

On November 15, it was rumored in the market that some Korean conglomerates requested the government to stop the current behavior of the Bank of Korea to protect the market. Their reason is that the government should give priority to dealing with issues such as the reduction of foreign exchange and the inability to repay bank loans, rather than considering macro financial control , regulation and other reasons. According to statistics, Korean conglomerates need to repay as much as 20 billion U.S. dollar loans to foreign banks in the short term. These funds can only be exchanged through Korean banks, because rating agencies have lowered the credit ratings of Korean companies, making it difficult for them. Even if the debt is extended, even if it can be extended, the cost they pay is unbearable.

Under the influence of this news, the South Korean won fell rapidly, and soon fell below the 980 range that was finally raised by the Bank of Korea. By the end of the Asian trading session, the exchange rate of the Korean won to the US dollar returned to the 990 range and closed at 994.50 to 1 US dollar. Level, continue to approach the important mark of 1,000 won to 1 US dollar!

   Thanks to the book friend Yang Chun who went to Nanjing in March to vote for the monthly and evaluation votes! Thank you book friend 8112268536 for voting for the monthly ticket!

  

  

  (end of this chapter)

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like