Rebirth of the Official Business Route

On the 25th, affected by the abandonment of the New Taiwan Dollar, the exchange rate of the New Taiwan City continued to fall slightly.

Prior to this, in order to defend the exchange rate of the New Taiwan Dollar, the Central Bank of Taiwan intervened in the foreign exchange market for two and a half months, successively investing 4 billion U.S. dollars. Yesterday, it suddenly abandoned protecting the foreign exchange market and drastically reduced the deposit reserve, which naturally caused the financial market in the Asia-Pacific region to suffer. chain reaction.

Taiwan’s foreign exchange reserves at this time exceeded 80 billion U.S. dollars, ranking fourth after Japan, Greater China, and Hong Kong. To protect the foreign exchange market, it only consumed less than 5% of its foreign exchange reserves. To one hundred million dollars. Fastest update of novel chapters

Taiwan’s central bank’s actions immediately aroused criticism from Taiwan’s opposition parties and economists. The ruling and opposition legislators signed a plan to request the central bank’s president Xu Yuandong to resign and step down.

Guo Songyan sat in the car and saw the newspaper's financial reports on the Asia-Pacific region. It was inevitable that he was a little bit upset. Zhang Ke couldn't show a triumphant look. He couldn't tell Guo Songyan that they were gearing up and waiting for South Korea to hold on. Eat another big meal at that moment.

On the 25th, the exchange rate of the Korean won against the US dollar continued to decline, and Asian markets closed down 1.8% from yesterday’s quotation. Although the Bank of Korea continued to enter the currency market today to support the Korean won, it still could not stop the Korean won from falling and rebounding. "Fiction" novel chapters are updated fastest

In the Asian market, the trading volume of the Korean won against the U.S. dollar also reached a new high in a row, surpassing 800 million U.S. dollars on the 25th.

In the rest of the month, the Korean won has fallen by more than 12%, but Zhang Ke clearly knows that this is not the time when the won is the most fat, and the delivery dates for the Korean won forward contract transactions in their hands are concentrated in the middle and early December. Only to put the bargaining chips on the South Korean economic crisis will not be later than the end of November...

The Korean Composite Index fell sharply for the second day in a row. Market participants are worried that foreign investment will continue to withdraw from the Korean stock market-this is inevitable.

In order to stabilize the current weak stock market, the Korean Academy of Finance and Economics requires many companies to buy back the company's shares.

On the same day, Korea Development Bank filed a request to the court to take over the financially troubled Kia Motors Corporation and its sister company, Asia Motors. This will be the largest corporate takeover operation in Korea.

South Korea’s economy is supported by large corporations, and the collapse of the Korean economy started from the collapse of these large corporations.

The Nikkei reported today that the Central Bank of Japan is taking action. Efforts to prevent the Asian financial turmoil from spreading to Japan. In the financial turmoil that spread throughout Southeast Asia, Japan’s exports — Japan’s exports to Asia accounted for 40% of its total exports — have been severely affected, which may prevent Japan from getting rid of it. The last export of the recession; the Nikkei index fell nearly 4%.

The Hong Kong dollar was also hit by speculation today. The HKMA decisively released a large amount of US dollars into the foreign exchange market to support the Hong Kong dollar, temporarily maintaining stability, but the interest rate of the Hong Kong dollar rose and pressure was introduced into the stock market. Affected by the surrounding areas, the Hang Seng Index fell sharply in early trading; due to the approaching delivery period of the Hang Seng Index futures contract for the quarterly month and the current month. With concentrated liquidation actions, coupled with the entry of Chinese investors, the Hang Seng Index rebounded after midday to make up for the early losses, becoming the only stock market in the Asia-Pacific region that rose.

Demonstrations demanding that Sangwali step down continued to spread across the streets of Bangkok, Thailand, and its major cities, shaking up the Thai Land Administration.

There is news in Indonesia that the government will close 16 banks, and there are long queues in front of street banks in Jakarta and Bandung for withdrawals.

After arriving in Hong Kong to attend the annual meeting of the World Bank and the International Monetary Fund, Mahathir of Malaysia held a briefing after staying in the hotel and said that if the American financier Soros has a conscience, he should stop manipulating the stock and currency markets of Southeast Asian countries. Soros, who was invited to attend the Japanese conference, also stayed in the same hotel.

After entering the Shangri-La Hotel, in order to dispel the depressed mood of Guo Songyan and his entourage. Zhang Kerang arranged a small self-service in the Shangri-La Hotel's superior suite for entertaining, and it was also convenient for discussing things at the reception.

Guo Songyan is not too optimistic about whether he can get out of the trough of the financial turmoil as soon as possible. Withdrawing as much funds as possible to cope with the more difficult situation in the future is what Guo Songyan needs to do most urgently at this time.

Guo Songyan is naturally looking forward to the completion of Shin Kong Paper’s equity investment in Yunyuan Pulp as soon as possible. In the words of Zhang Ke, "giving some advantage" is also willing. In the corner of the luxurious living room, Zhang Ke is holding fresh wine liquid in his hand. The glass cup, to explain to Guo Songyan some details of the equity investment, "Xinguang Paper's equity investment in Yunyuan Paper. Obtained financial support from the Donghai Branch of the Export-Import Bank of China..." In this corner, just Standing by Zhang Ke, Guo Songyan, Sun Shangyi and others, Zhang Ke said again, “On the other hand, for the investment part of Yunyuan Group in the fab investment project, China is also willing to provide some financing to alleviate Yunyuan Group’s..."

The relationship with Liu Zhicheng is not close enough here. A lot of work. They all count on Guo Songyan to personally promote it. In order to promote Guo Songyan, it is even more important to prevent Guo Songyan from retreating because of Yunyuan Group's temporary difficulties. Jianye City can be responsible for solving that part of the Yunyuan Group's investment in the fab investment project.

With such preferential treatment of land conditions, the huge market of 1.3 billion people will promote the mainland economy to continue to grow without being affected by the Asian financial turmoil. At this point, even if the project goes to the mainland, Singapore will not set up additional obstacles to wafer manufacturing technology. The key is to look at Liu Zhicheng’s attitude. Without him, the fab would not be able to do it. of.

Guo Songyan nodded and said, "Anyway, I still have to go to Taiwan..."

Things will come sooner than everyone expected, and they usually like to follow them one after another; the violent coming is also beyond Zhang Ke's imagination.

25 days and nights. South Korean media revealed that at least a dozen commercial banks were carrying huge amounts of bad debts. Previously, they were able to collect huge amounts of foreign debts from the international financial market to conceal their operational defects. After the financial turmoil blew, international financial institutions shrank their money. It is also impossible to dismantle the eastern wall from the international financial market and make up for the western wall. If the government does not rescue it anymore, bankruptcy is just around the corner.

South Korea's Sunsan Enterprise filed an application for bankruptcy in the court that night. So far, five of the 30 major South Korean companies have gone bankrupt or applied for bankruptcy protection in the court.

Stimulated by these two news, the morning of the 26th. The Korean Composite Index fell again and suffered a heavy setback, falling 5.91%, and the Korean won fell 3.4% from yesterday. This is the biggest drop in the Korean won in the past ten years. It seems that most financial experts don't think it will be the biggest drop in South Korea this year.

Once it falls below the 1100 mark against the US dollar, it will slip to 1,350 points.

The black cloud wrapped in the thunder of the financial turmoil shrouded South Korea in such a thunderous manner.

On the 26th, the stock markets in Taiwan, the Philippines, Malaysia, and Singapore all fell across the board.

The Hang Seng Index, however, inherited yesterday's late gains, unexpectedly rising 2% throughout the day.

On the one hand, it is affected by the centralized liquidation buying operation of the Hang Seng Index futures contracts, on the other hand. Hong Kong stocks actively ebb in the early stage, causing some investments to transfer funds to Hong Kong. Economic analysts call this the "safe haven effect."

On the 27th, as Yamaichi Securities, one of Japan's largest securities institutions, fell into the shadow of bankruptcy, the Nikkei Index fell sharply by 5.1%.

On the 27th, the Minister of Finance and Economics of South Korea publicly stated that it would sign a rescue agreement with the International Monetary Fund as soon as possible, prompting the Korean Composite Index to break away from the adverse effects of the Nikkei Index's sharp slip in the morning and maintain a little stability. However, the outside world reports that the South Korean economy will continue to deteriorate. One after another came out.

The report issued by the International Monetary Fund on the afternoon of the 27th pointed out that the total bad debts of two South Korean commercial banks exceeded 10 billion U.S. dollars, and the 20 billion U.S. dollars rescue application applied by the South Korean government was far from enough to help South Korea tide over the difficulties.

Affected by this news, the Korean Composite Index fell sharply at midday, and the exchange rate of the Korean won against the US dollar fell again by 2.4% from yesterday.

In the evening, the International Monetary Fund relentlessly threw out an economic analysis report that pointed out that South Korea had ended in December. The available foreign exchange reserves are less than 10 billion U.S. dollars, but South Korea’s total short-term foreign debt has reached 900 U.S. dollars.

Affected by the financial turmoil, it has been extremely difficult for Korean commercial banks to borrow U.S. dollars in the international financial market recently. There has also been news from the Hong Kong financial community that many commercial banks in South Korea have turned to Hong Kong banks for assistance. ; Due to risk considerations, Hong Kong banks rejected it. The bad news that burst out one after another made Ye Jianbin scream with excitement. These bad news are only the bad news of the gradual collapse of the South Korean economy. Ye Jianbin heard it like a strange sound of nature. He also knew that this was just an appetizer before the dinner.

With a principal of 140 million U.S. dollars, a short position of more than 800 million U.S. dollars was established in the Thai baht and the Indonesian rupiah for more than a month before mid-to-early July. By late August, the principal of hedge funds had exceeded 250 million U.S. dollars. Although all efforts are made to establish a short position in the forward contract on the Korean won. But the scale of opening positions is much smaller than the short positions in mid-to-early July, which is certain. The South Korean won in the next two months will fall far more than the Thai baht and the Indonesian rupiah experienced the first round of financial turmoil.

In view of the rising interest rate cost in the spot foreign exchange market, in addition to continuing to sit firmly on the Diaoyutai Temple and hold the Korean Won forward contract in his hand, Zhang Ke suggested to withdraw the excess funds in the account as dividends.

Previously, the Ye family, Sun Shangyi, and Ge Mingde respectively transferred huge sums of 1 billion Hong Kong dollars into hedge fund accounts through various channels. At this time, through reverse operations, these funds can be transferred from hedge fund accounts without difficulty. Wash it out.

Since the funds required by Ye Family, Ge Mingde and Kumho to inject capital into Yuexiu Holdings were temporarily borrowed from Sun Shangyi and his wife; this time, the dividends were washed out from the hedge fund account, and the Ye family, Ge Mingde and Sun Shangyi were allowed to settle the relationship with Sun Shangyi. Time debt. And Zhang Ke’s currency investment in Hong Kong and the previous capital injection into Yuexiu Holdings were capitalless transactions. Even if all the dividends under his name were returned to Sun Shangyi and his wife, he would still owe Sun Shangyi and his wife nearly 300 million Hong Kong dollars in debt.

However, even after the dividends are withdrawn from the hedge fund account, the principal and cumulative profits attributed to Zhang Ke are still nearly 60 million U.S. dollars~www.readwn.com~ As the Korean won further plummeted, this account Wealth will continue to grow.

It is a pity that it is not that simple to withdraw funds from hedge funds and transfer them to Kumho or Yuexiudi accounts again.

Zhang Yan didn't want to risk contaminating the accounts of Kumho and Yuexiu. No matter how much the wealth was, it would still be useless for a while. He could only temporarily leave him alone in a secret overseas account for emergencies.

In addition to the 1 billion Hong Kong dollars under the name of Sun Shangyi and his wife, Zhang Yan will formally allocate 1.5 billion Hong Kong dollars from Kumho to jointly make a second capital injection to Yuexiu Holdings to prepare for the start of the fab project.

So far, Yuexiu Holdings, from a small company that is not well-known, has become the holding company of the largest disc player manufacturer Aida Electronics, the holding company of the top three mainland **** companies, Xiangxuehai Electric, and the largest home appliance chain company in the mainland. In addition, he holds a huge amount of cash of 2.5 billion Hong Kong dollars.

After two capital injections totaling 3.5 billion Hong Kong dollars, the shareholders of Yuexiu Holdings have also undergone great changes. Kumho holds 34% of the shares and became the largest shareholder of Yuexiu again, and Xie Wanqing’s Haiyu Company holds 25 shares. %, Sun Shangyi and his wife hold 24% of the shares, and Su Jindong, Dong, Xu Si and others hold 3% to 5% of the shares of the Ye family.