I'm back in 1990

Chapter 442: Completion

Huang Xiaochuan kept his word. A week later, during a break, he took Lao Huang and Lao Yu to the Dianshan Lake Golf Club.

We drove west along the Huqingping Highway, passing by my uncle Zeng Jiahua's factory along the way. The car stopped at the lakeside, where the golf course is located. The scenery here is very beautiful.

After getting off the bus, Lao Huang and Lao Yu immediately fell in love with the place.

Blue skies and white clouds, lush green grass, and the shimmering waters of Dianshan Lake create a breathtaking scene that is sure to delight anyone who looks at it.

It looked quite complicated, though. There were a whole bunch of golf clubs packed in one big bag. Old Huang and Old Yu took a closer look, and the price tag made the two old men gasp.

"Ogawa, these golf clubs are so expensive, playing here must be very expensive too, right?"

"Dad! You two don't need to worry about money. Just have fun. I'll have someone take you two to try it out later. Someone will teach you how to play. Don't be fooled by the number of cues; you'll only actually use one or two."

After being persuaded by Huang Xiaochuan, both Lao Huang and Lao Yu were eager to give it a try.

Before long, two coaches arrived with two caddies and led the two old men to the course. Since they hadn't had time to buy new clubs, they were temporarily using the clubs provided by the club.

While his two fathers were at the golf course, Huang Xiaochuan wandered around the club's small shop for a while, buying each of them a set of the best golf clubs available there. He also bought a thousand golf balls to store at the club for his fathers' future use.

Golf balls are purely consumable items and are often hit into lakes or ponds, making them impossible to retrieve. However, some people eventually came up with the idea of ​​retrieving golf balls and made a lot of money from it.

Huang Xiaochuan also bought them all the clothes, hats, shoes, and other things they needed for playing ball, five sets for each of them, so they could change into them.

Furthermore, the club has booked a room for them long-term, so the two old men can rest here when they get tired from playing ball. They don't have to worry about meals either, as the restaurant here offers very good food, both Western and Chinese. They can also entertain guests here if they want.

After finishing his shopping, Huang Xiaochuan sat down in the club's coffee shop, ordered a coffee without sugar or milk, and sat in front of the transparent floor-to-ceiling window, enjoying the scenery outside while sipping his coffee.

Not long after, Mai Guangde came over.

"Mr. Huang, we have your phone number. It's Zhang Sui calling."

Huang Xiaochuan reached out his hand, and Mai Guangde handed him the phone.

Huang Xiaochuan took the phone and put it to his ear.

"it's me."

After Zhang Sui finished reporting the situation to him, Huang Xiaochuan said, "I understand!" and then hung up the phone, returned the phone to Mai Guangde, and continued to sit there drinking coffee.

The short-selling of the Thai baht has been a great success. Zhang Sui just called to report to Huang Xiaochuan on the current financial situation in Thailand.

In the early stages, Zhang Sui and Zhang Yun borrowed a large amount of Thai baht through Thai banks and the offshore market. They then exchanged all the borrowed baht for US dollars in the spot foreign exchange market, which created pressure on the depreciation of the baht. At the same time, international capital was doing the same thing, which put enormous pressure on the baht.

Then, the two women amplified the impact by using financial derivatives, such as signing forward foreign exchange contracts with financial institutions to sell Thai baht and buy US dollars at a fixed exchange rate in the future. These contracts were widely copied in the market, further exacerbating the expectation of depreciation of the Thai baht.

Furthermore, they used interest rate derivatives to bet on a rate hike by the Bank of Thailand, because Thailand might be forced to raise rates to protect its currency. This would allow the two women to make a large profit through interest rate derivatives. Exclusive! An exclusive interview with Four Seasons Leeks and behind-the-scenes details of the creation of "1990, I'm Back," available only to Cola Novels.

They are also manipulating the Thai stock market, shorting it. If the Thai stock market crashes, these two women will make a fortune.

International capital also spread rumors through the media and markets, reinforcing expectations of a depreciation of the Thai baht, causing panic selling and attracting many other international capital to follow suit and short sell.

The actions of the Bank of Thailand were accurately predicted. Shortly after international capital began shorting the Thai baht, the Bank of Thailand used $30 billion of its foreign exchange reserves to buy large amounts of baht in the offshore market in an attempt to stabilize the exchange rate. However, faced with the massive international capital and the huge sums of money held by Zhang Yun and Zhang Sui, the $30 billion was swallowed up silently like a small pebble.

The Bank of Thailand subsequently issued a ban prohibiting domestic banks from providing baht loans to foreign speculators, but it was too late. Zhang Yun and Zhang Sui had already achieved their goal, and the two held a large amount of baht loans.

When the above methods proved ineffective, the Bank of Thailand announced a significant increase in short-term bank interest rates, reaching a high of 18%. However, the high interest rates exacerbated the stock market and real estate crash, further worsening the economy.

Huang Xiaochuan also knew that early next month, Thailand would announce the abandonment of the fixed exchange rate. At that time, the value of the Thai baht would plummet and depreciate drastically. Then it would be time to wield the sickle and start reaping the benefits.

That's how the international financial market works. Capital is profit-driven; it goes wherever there's profit to be made. Moreover, Southeast Asian countries have made a fortune in recent years without building a protective barrier for themselves, which is why they have attracted the covetous eyes of international capital.

Huang Xiaochuan sat in the coffee shop for more than an hour, and then saw his two fathers return in high spirits.

Huang Xiaochuan stood up and asked them, "How's it going? Can you fight now?"

Old Huang laughed and said, "It's alright, not as difficult as I imagined."

Old Yu also said with a smile, "At first we couldn't even touch the ball. Luckily we had a trick. If it weren't for the coach, the two of us might not have been able to hit a single ball."

"That's great! I'm glad you like it. I bought you golf clubs and balls, and I also booked a room for you here so you can rest when you're tired from playing golf."

As he spoke, Huang Xiaochuan handed two black cards to Lao Huang and Lao Yu.

"By the way, I've stored your cues and balls here for you. The club will take care of them; otherwise, you wouldn't know how to maintain them yourselves."

Old Yu asked, "It must have cost a lot of money, right?"

Huang Xiaochuan smiled and said, "Dad, it won't cost much. As long as you two are happy."

Old Yu remarked with emotion, "I never imagined I'd be able to enjoy the blessings of my son-in-law."

Old Huang was more easygoing. He comforted Old Yu, saying, "It's alright. This kid has plenty of money anyway. If we help him spend some, it will lighten his burden. Besides, it's only right that he supports us."

Huang Xiaochuan laughed: "See, my dad's thinking is much clearer, isn't it?"

Old Yu pointed helplessly at Old Huang and his son: "You two!"

Now Huang Xiaochuan has found something for his two fathers to do. From now on, the two of them will come to the club to play four or five games every week. They feel uncomfortable if they don't play for a few days.

In the following month, the Guangda Real Estate Building project in Pudong and the Ritz-Carlton Hotel Building project on Huaihai Middle Road were both successfully completed.

The Guangda Real Estate Building project in Pudong was delayed for a month due to construction issues. However, this was due to force majeure, so Nanhui did not pursue the general contractor's liability for breach of contract.

Huang Xiaochuan did not attend the completion ceremony. He did not like to show his face in public. Moreover, the two buildings had only completed the civil engineering and would need to be decorated, which would take at least half a year or even a year. Asking him to go see two unfinished buildings now was worse than not going at all.