The year 1997 was a turning point in Asia from its peak to decline. The impact of the financial crisis completely crushed the economies of countries and regions such as the Four Little Dragons and Four Little Tigers, and even the regimes in Southeast Asia and other places fell into a period of unprecedented turmoil.

And this day is getting closer and closer, which is why Li Siwen does not dare to fight back. If a financial crisis suddenly breaks out, he will not be able to save money even if he has money.

Now that he has successfully withdrawn from the Thai market, his 300 billion baht has been converted into an average exchange rate of 23.5 to 1 after early selling, which means that he holds US$12.8 billion in his hands.

This amount, after deducting the US$6.5 billion that needs to be spent in July, is still US$6.3 billion. Of course, he still owes the Bank of Thailand 100 billion baht and 50 billion baht from his partners. A total of 150 billion.

To put it simply, as the Thai baht depreciates more and more, he will make more money.

Therefore, he is successful at this moment. Even though he lost the bet with Soros, he made real money, and he never thought that he could beat Soros in the Thai market.

On June 22, 1997, Soros sold his last trump card in the market, forward baht bonds worth US$15 billion. The news that the baht was about to collapse was overwhelming and swept the entire financial world, more than ever before. It's scary every time.

That night, Malaysia rejected the proposal to save the Thai baht and retained assets to defend the ringgit. Seeing this, Singapore had no choice but to withdraw from the financial market. The Thai baht fell by 7% that night.

The most important thing is, as Li Siwen said, the sniping by financial players is only a trigger for the financial crisis. Asia's economic bubble has already reached the edge of collapse.

On June 23, 1997, Thailand announced that Finance Minister Veerawan was dismissed for corruption and bribery, and Deputy Minister Abin temporarily took over the position of minister. At noon that day, Abin announced that Thailand would completely abandon the fixed exchange rate and no longer stick to the baht defense line. As soon as the news was announced, the Thai baht exchange rate plummeted, with the exchange rate against the US dollar approaching 40 that day.

In the villa, Li Siwen drank tea leisurely, and Li Fuzhen looked at him with admiration.

"Ouba, you are really right. It seems that the corner of the financial crisis has been lifted by Thailand." Li Fuzhen paused slightly: "If this development continues, the whole of Asia will be unlucky. You said that if Asia was Can countries unite to help Thailand and will this financial crisis be avoided?"

"It will just come slower, but it is absolutely unavoidable. What's more, all countries are cleaning up their own troubles, how can they be united? Especially like Japan and South Korea, these old and American losers, do they dare to challenge the old and American?"

As soon as Li Siwen finished saying this, Li Fuzhen glared at him fiercely: "Don't forget, there are South Koreans here."

"Oh, I'm sorry, but I really hope you can marry to China."

"Will you marry me?"

Li Siwen was stunned for a moment by the question and said politely: "If you didn't have your sister-in-law, I might consider it."

Although Li Siwen's words were polite, Li Fuzhen was still pleased to hear them. At this moment, Li Siwen's phone suddenly rang.

"Hello, is this Mr. Li?" The call was from A Bin, speaking broken Chinese.

"Hey, Minister A Bin, congratulations on your promotion." Li Siwen replied with a smile.

"To be precise, I should congratulate you, right? Your plan succeeded." A Bin said slowly: "Our accounting just did some calculations, and you have made billions of dollars this time, even more than Soros. "

"Minister Abin, aren't you here to raise troops to prosecute?" Li Siwen asked softly.

"Don't worry, I'm not someone who burns bridges, but I have just been promoted to Finance Minister, so I have to make some achievements, right?" A Bin paused for two seconds and said: "I need you to transfer the debts owed by Bangkok Bank and the two giants in Bangkok. Return the company's financing to them. After all, if you continue to disappear, it will affect your Datang's international reputation."

"Haha, Minister Abin, I don't want to default on the debt at all." Li Siwen replied.

"That's good, when will it be returned?" A Bin asked.

"I will naturally repay the debt due to Bangkok Bank when it is due. As for the financing from those two companies, there is always a process." Li Siwen thought for a while and said.

"Mr. Li, I called you personally, don't you give me any face? Pay it back when it is due? Is your loan worth it after it expires? Bangkok Bank loaned it to you at an exchange rate of more than 20, and the current exchange rate You're close to forty, and you've earned enough.

Besides, this money was originally used to build an electronics factory for you, but now you only paid a deposit for the land. This electronics factory definitely doesn’t want to build it anymore. Shouldn’t you give the money back?

I know that when I gave you the loan, Chengchai and Panic were playing tricks on you. I apologize to you on their behalf. Their losses have been enough.

Just do me a favor, Thailand welcomes you at any time in the future, and we will not accuse you of breach of trust in the international community."

A Bin said a lot of words, and he had obviously prepared these words. After hearing this, Li Siwen didn't want to do anything too bad, and said softly: "It's okay to repay the money, but you have to get my people back first, and I promise They left Thailand safely."

"No problem, we'll make arrangements tomorrow morning," A Bin said.

"Okay, I will hold a press conference tomorrow afternoon." Li Siwen replied directly.

On June 24, 1997, after Li Siwen received the news that Lin Shu and others had left Thailand safely, he appeared on the Xiangjiang Financial Channel that afternoon, and the recent rumors of disappearance were self-defeating.

And he did not explain his recent whereabouts. He only announced to the outside world through the financial channel that after evaluating the market research in Thailand, he decided to temporarily cancel the electronic factory construction activities, and would return the principal of the relevant investors and banks within three days. loan.

This wave of operations by Li Siwen completely improved his credibility in the international field. After all, not many companies in this era return their principal so quickly after financing.

At the same time, the business district in Xiangjiang also exploded because of Li Siwen's appearance. During this period, many people who participated in the Red Sea Fund investment were worried about not getting their money back. Now they finally see a glimmer of sunshine. As for whether they can get it back You will know the money when it expires in three months.

On June 27, 1997, Li Siwen exchanged US$3.4 billion for 150 billion baht to settle Thailand's debt, minus US$6.5 billion in principal and interest of the Red Sea Fund. This time Thailand During this trip, he made a total of 2.9 billion U.S. dollars, and it only took three months.
Chapter completed!