Zhou Ming and the presidents of major insurance companies have such a big meeting, and at the same time, it is still so conspicuous in the Li family's luxury house. Zhou Ming and the others have not made any concealment in any way, so it is naturally impossible to hide the surveillance of their local consortiums in Thailand.

It is also for this reason that when these presidents arrived at the Li family's mansion, both King Mara IX and Prime Minister Gionee received the news immediately. Prime Minister Gionee immediately called Mara IX to ask about his opinion on this matter.

"I said Mr. Gionee, it seems that you, the Prime Minister who has not experienced a coup, still lacks some courage and confidence. How can I ask about my opinion on this matter? Isn't it very obvious?"

King Mara IX's tone was not nice, and he was obviously very dissatisfied with Prime Minister Gionee who even asked for his opinion on this matter. Although this represents respect for him, on the other hand, he lacked self-confidence and ability, and he didn't know what to do when facing an emergency.

"First of all, do you know what the CDS protocol is?" asked Mara IX.

Gionee replied very affirmatively: "Of course I know this. The so-called CDS agreement is a credit default swap, an insurance contract that transfers investment risks."

"So now Zhou Ming purchases CDS insurance agreements about treasury bonds from these 20 insurance companies, doesn't he think that our Thai government bonds will default?" Mara IX asked very seriously, "You are my Thai Prime Minister, so will you allow treasury bonds to default?"

"Of course not. Although our Thailand is not a very developed country, our international trade surplus is still very obvious now, and there is no possibility of any national debt default!" Prime Minister Gionee replied.

"Isn't that all? Let's just watch this fool Zhou Ming go to buy these CDS agreements. Although this young guy is rarely smart and cuts the premium half of his initial promise, it is still a big expense, at least not proportional to the returns of the government bonds."

Mara IX paused after saying this before continuing: "Mr. Prime Minister, can you understand if I say so?"

Gionee replied: "Yes, Your Majesty, if Zhou Ming wants to get compensation from the insurance company, he must make our treasury bonds default, so he is likely to attack our stock market or futures market, disrupt our economy and cause economic panic; or he may simply sell treasury bonds directly in the futures market. In short, it is to use all means to suppress the credit rating of our treasury bonds, and finally force the treasury bonds default so that he can get compensation."

"I am a top student who has returned from studying abroad. I understand quite well. So since this is the case, do you know what to do?" Mara IX asked again.

"Of course I understand that your Majesty, I will keep an eye on all capitals including Alice Investment Bank KTO Group and other Chinese investment institutions to ensure that they will not move randomly. If they have any abnormal movements, I will take decisive measures to stop them!" Gionee replied.

"So you see, isn't it okay now?"

Mara IX was very relaxed, but in the end he felt a little regretful: "It would be better if we could also participate. It's a pity that even if we wanted to give the CDS agreement, Mr. Zhou Ming probably wouldn't believe us and wouldn't dare sign a contract with us, a timid guy!"

This puzzled these presidents: "Dear Mr. Zhou Ming, are you going to go back on your word? This is not possible. Since the contract has been signed, we have to follow the contract. It is illegal to suspend it now, and we will not return the money received in our pockets."

Zhou Ming smiled: "You are worried too much, but I am not trying to repent, but I want to ask if you want to make more money without risk."

After hearing what Zhou Ming said, the eyes of these presidents lit up one after another, and they asked Zhou Ming what this meant.

"I mean these CDS agreements have been signed, and I will pay premiums on a monthly basis, but this kind of transaction method is very troublesome. You will have to get all the premiums for five years, and the most important point is the default of Thai government bonds."

Zhou Ming continued: "I know that this situation seems to be extremely disciplined in your opinion, but it does not mean that it will not happen 100%. So once it happens, you will need to pay a huge amount of compensation, but what if you have the ability to sell these CDS agreements?"

These people are all talents in the insurance investment industry. After Zhou Ming reminded them, they immediately reacted.

Yes! The CDS agreement signed now may look beautiful, and it is a business that can make money without losing money, but no matter how big or small, there are still risks. But if these CDS agreements can be sold to others, the situation will be different. You will make money by re-sale. Not only can you get money for a few years at once, but you will also have no risk. Why not do this?

Under such an idea, all the presidents were moved, but they were still smart people after all, and realized another problem.

"Mr. Zhou Ming, why do you tell us this? Do you have any conspiracy?" someone asked.

Zhou Ming smiled at this question: "I really don't understand what you are thinking. Do you think this question is very important? So what if I have a conspiracy? So what if I don't? Do I have a conspiracy? Are you going to tear up these CDS agreements now and then pay me a penalty for liquidated damages?"

Zhou Ming said again: "And I just told you how to sell the CDS agreement you have. This is a way to make money without any risk. What are you worried about? Of course, you must be really worried, you can sell the price a little lower!"

These presidents think about it carefully. Anyway, as long as they can get rid of it, it will be a business that will make a profit without losing money. What a worry, even if there is a conspiracy in this agreement, there will be others who will take the blame, and it has nothing to do with their own half of the money.

Thinking of this, these presidents were all excited, but they had one last question: "Who do we want to sell to? We are multinational insurance companies."

Zhou Ming shook his head: "You are wrong. Taking the CDS agreement has nothing to do with the size of the company. You can sell it to Thai domestic consortiums, such as His Majesty King Mala IX, or Mai Qing and other consortiums, which are all feasible."

After hearing what Zhou Ming said, these presidents were so excited that they were about to shout out loud, because this method was so good!

Only the middle-aged man with beard had a bigger problem: "But wouldn't it be very irresponsible to you when doing this? You should know that the person who takes over the future may not be able to fulfill the contract and pay compensation."
Chapter completed!