143 Earnings and Movies
In February 1997, Soros's Quantum Fund began to borrow large amounts of money in the international market, and then used leverage to buy Thai baht, starting a journey of financial harvest.
The middle country, Elephant Country, has not resisted, but it is a small country and its central bank’s foreign exchange reserves are limited, which is not enough to maintain the Thai baht exchange rate.
Although the Bank of Singapore, one of the strongest banks in Asia, stands behind Xiangguo, in order to help Xiangguo, the Bank of Singapore also invested 12 billion US dollars to help the central bank of Xiangguo repurchase the Thai baht to stabilize the exchange rate.
However, as the matter developed, a large number of international hot money joined Quantum Fund, participated in this financial war, and jointly attacked the Thai baht exchange rate.
Soon the US$12 billion provided by the Bank of Singapore was exhausted.
At this time, Xiang State still implemented a fixed exchange rate system.
By June, the Thai baht exchange rate fell to 28:1 against the US dollar.
At this time, Soros analyzed that the time was ripe and launched a new round of attacks on the Thai baht by launching international hot money.
At this time, Xiang State had no power to resist. After a short struggle, it finally gave up the fixed exchange rate system.
Therefore, on July 2, Elephant State was forced to announce the implementation of a "floating exchange rate system" and let the market determine the price of the Thai baht.
This decision is almost equivalent to handing over the control of the Thai baht exchange rate to international speculators such as Soros, which also gives Ye Fan an opportunity!
In the afternoon of that day, Ye Fan rushed to Hong Kong Island, preparing to learn from Shen Xusheng about his current asset status and how many baht he had borrowed.
Shen Xusheng was very happy after meeting Ye Fan, because he earned a large commission from Ye Fan.
"Uncle Shen, how much money do I make now?"
"Because I exited one after another, after deducting various expenses, I made about 45 million U.S. dollars. If the principal of 81 million Hong Kong dollars is converted into U.S. dollars, the total amount will be 55.48 million U.S. dollars."
Hearing this amount, Ye Fan had no expression on his face, as if he didn't care about the number, and fell into deep thought.
Shen Xusheng looked at Ye Fan with admiration. A 17-year-old mainlander was so calm after hearing the figures of tens of millions of dollars. No wonder he could make so much money.
Little did he know that Ye Fan was so stimulated by this huge amount that his mind had stopped thinking, so he looked expressionless and felt calm!
"Xiao Fan. Xiao Fan? What are your plans next?"
Hearing Shen Xusheng's words, Ye Fan came back to his senses, suppressed his excitement and asked: "How many Thai bahts did you borrow?"
Shen Xusheng said with a serious face:
"Due to changes in the exchange rate, I borrowed money from Citibank and borrowed about 1.5 billion baht."
"Xiao Fan, today Xiangguo announced the implementation of a floating exchange rate system. Did you guess it a long time ago, so you asked me to borrow Thai baht early?"
Ye Fan smiled and said: "The matter of Xiang Country is no longer a secret in the financial circle of Chou Country. Many people have followed Soros to short the Thai baht. Many people on Hong Kong Island don't know yet."
Shen Xusheng nodded. He had also inquired about it. It was indeed as Ye Fan said in Chou Country that many people had participated in the feast. He couldn't help but sigh that Ye Fan was well-informed.
Shen Xusheng asked again: "Then why don't you increase leverage and just use the money you earn to short the Thai baht? Wouldn't this make a lot less money?"
Ye Fan said: "This time is different from last time. The principal is too high. Xiang Guo will definitely not give up. The exchange rate will definitely fluctuate greatly. If it crosses the warning line, I will not have money to make up for it. If the position is liquidated, I will lose all my money."
Now that I’m back, I’d better be more stable, I’ve already made a lot of money.”
Hearing this, Shen Xusheng couldn't help but admire Ye Fan's rationality and stability and not being dazzled by money.
If Ye Fan does this, at least he won't have to worry about liquidating his position, his operations will be more flexible, and the risk will be much smaller.
While chatting, the two rushed to Shen Xusheng's office to learn first-hand news about the Thai baht exchange rate.
When he arrived at the office, someone came to inform Shen Xusheng that the Thai baht had plummeted by 20% today.
Ye Fan was very happy when he heard the news. This meant that in just one day, he made more than 9 million US dollars, which was really a huge profit.
Even so, Ye Fan didn't plan to use leverage anymore. After all, the financial crisis lasted for a year, many countries were affected, and he couldn't remember the daily exchange rate changes.
Moreover, except for Xiang Country and Bangzi Country, Ye Fan still remembered the time of some policy and exchange rate changes, but he didn't know about other Southeast Asian countries, so he could only let Shen Xusheng operate it.
In this way, even if international giants try to trick retail investors like Ye Fan and something goes wrong, Ye Fan doesn't have to worry about becoming a loser.
If it really doesn't work, after the end of the Xiang Kingdom, transfer the money to the Bangzi Kingdom to make arrangements in advance, and successfully buy some companies in the Bangzi Kingdom, maybe Ye Fan can talk about life and ideals with the Rich Flowers in the World in the future?
After Ye Fan confirmed the funds in his account, he summarized the information he knew to Shen Xusheng.
"Uncle Shen, I estimate that the Quantum Fund will not let go of other major Southeast Asian countries in the future. You will pay attention when the time comes. You will operate my funds. I don't ask for much profit. I just want to drink some soup. The most important thing is
Be steady."
"Don't worry, Xiaofan, I understand what you mean. This is a precursor to a financial crisis. I will be careful."
When Ye Fan heard this, he nodded with satisfaction. He chose Shen Xusheng because he was obedient and steady.
Then Ye Fan thought about it, but still didn't tell him that Hong Kong Island would also be attacked, and that this time it was not a financial crisis, but a financial crisis in Asia as a whole.
However, Shen Xusheng felt that this was a precursor to the financial crisis, and he must have been prepared in his heart. If Ye Fan talked too much, people would be suspicious, so it was better to be more cautious and learn from Li Changshou!
After chatting with Shen Xusheng, Ye Fan left and rushed to Li Lianjie's home.
When Jet Li saw Ye Fan, the smile on his face was like seeing his biological brother.
Ye Fan had some guesses in his mind and asked with a smile: "Brother, how much money have you made?"
Hearing this question, Li Lianjie looked at Ye Fan with envy and said with emotion: "I didn't dare to use leverage, so I asked Lao Shen to do it for me, and I only made more than 100 million Hong Kong dollars. I can't compare to you.
I heard from Lao Shen that you are worth more than me now."
Ye Fan quickly said modestly: "Senior brother, don't say that. The money you don't get is all in vain. You might lose it at some point, otherwise I wouldn't make a special trip to have a look."
Li Lianjie said nonchalantly: "I understand this too, but you are not afraid of me. What should I be afraid of? Anyway, I told Lao Shen that I will follow you. Whenever you retreat, I will retreat. We will advance and retreat together."
Ye Fan smiled bitterly when he heard this, and could only warn: "Since you have already decided, senior brother, I won't say more, but except for a few of us, no one else can say about this matter. How many people have been kidnapped by rich people in Hong Kong? Senior brother, you
You should know better than me."
Li Lianjie's heart trembled, and he heard that Ye Fan was half warning, half admonition, so his face became serious and he replied: "Don't worry, Xiao Fan, you have made so much money with your senior brother, I will definitely keep it a secret."
Seeing that senior brother Ye Fan understood what he meant, he didn't say anything more and started chatting with him about the movie "The Guy in My Body".
At this time, Jet Li had not yet returned from Hollywood, and the salary for a movie in Hong Kong was about 1,200 Hong Kong dollars, which was in line with his current net worth.
Jet Li told Ye Fan that he asked his boss to find several film companies, but they had little interest in investing in the film.
As for the reason, it's very simple. Martial arts movies starring Jet Li always bomb at the box office, let alone feature films. Investors have no confidence in him acting in feature films.
Li Lianjie was even willing to reduce his salary to star in the film, but it failed to impress several investors. They were not optimistic about him making this movie, which made Li Lianjie frustrated.
Looking at the frowning Li Lianjie, Ye Fan thought for a moment and said, "Brother, aren't you willing to invest in Boss Xiang?"
"He does have this intention." Jet Li said: "However, he feels that the film is risky and is unwilling to fully invest. He wants to attract several investors to share the risk."
Ye Fan raised the corner of his mouth and asked, "Have you budgeted how much this movie will cost?"
Li Lianjie thought for a while and said: "If I am willing to reduce the salary, it will be about 10-15 million Hong Kong dollars. After all, apart from the salary, the other aspects of this movie are not high."
"In this case, are mainland investors willing to accept it from Boss Xiang?"
Hearing Ye Fan's words, Li Lianjie was overjoyed: "That's no problem. I told Xiang Sheng, as long as I can find an investor, no matter where it is."
Seeing that the matter was resolved so easily, Ye Fan called Li Ming and others on the spot and invited them to come to Hong Kong Island to discuss film investment matters.
Li Ming and others also readily agreed and told Ye Fan that they would come to Hong Kong Island tomorrow. Li Lianjie was very happy to hear this.
He had lived in Hong Kong Island for a long time, but he had forgotten that there were film companies in the mainland that had the strength to invest. When Ye Fan came, the movie business saw the light of day, and he admired Ye Fan's ability even more.
Li Lianjie couldn't help but sigh in his heart, remembering that when he met Ye Fan, he was still an unknown high school student.
And now, Ye Fan has grown to the point where his assets and fame are equal to his own. How many years has it been?
Ye Fan had no time to pay attention to Li Lianjie's thoughts. He called Leslie Cheung again and asked about the situation of "The Devotion of Suspect X".
Leslie Cheung's situation is better than that of Jet Li, after all, his current salary is only 5-8 million.
Even after seeing a good script, Leslie Cheung is often willing to reduce the salary to star in a movie, and there are many people willing to invest in him.
However, Ye Fan still made an appointment with him to meet Li Ming and the others tomorrow, and Leslie Cheung also agreed. If he could star in the film without reducing his pay, then why not do it.
Seeing that the second purpose of coming to Hong Kong Island had been achieved, Ye Fan breathed a sigh of relief. This time he used a script to trick both parties.
If the two parties successfully cooperate, Ye Fan can not only borrow chickens to lay eggs, but also make a lot of money.
He can also make good friends with both parties, and while improving his status in the mainland entertainment industry, he can also successfully enter the Hong Kong industry.
If the two movies are ultimately successful, Ye Fan might become the spokesperson for domestic entertainment in Hong Kong.
Chapter completed!