Sun Yalin and her father threw their phone on the windowsill on the side, covered their chest with a bath towel, revealing a piece of snow-white skin, and said to Chen Huai: "My father is in Hong Kong, I will fly over tomorrow, and I will talk more at that time..."

Sun Yalin has always been responsible for contacting the Sun family. Chen Huai didn't care about the whereabouts of Sun Qishan and others. However, he was still quite surprised to hear that he was in Hong Kong and asked: "Is your father in Hong Kong at this time related to the fluctuation of the Thai-Zhu exchange rate market during this period?"

Sun Yalin nodded and said, "Well, Thailand's imports of clothing and electronic products fell sharply last year, resulting in a deficit of more than 15 billion US dollars in conventional projects. This figure has accumulated to 20 billion US dollars by the end of March this year. The Thai government has been slow and cannot see any action to stimulate exports. It just blindly attracts short-term foreign exchange inflows, which actually leads to a surge in short-term foreign debt. Thailand's domestic financial securities and real estate have developed overheatedly in the past two years - so it is not surprising that the Thai baht targets some hedge funds in the exchange rate market. Although the Thai government and Singapore jointly took out $12 billion US dollars to acquire Thai baht in the exchange rate market, causing some speculative funds to suffer great losses and withdraw, the risks in Thailand's economic system have not been released. They have been investing in Thailand over the past few years. My father went to Hong Kong this time to make a new risk assessment of Thailand's investment business..."

Chen Huai's chin slammed on the chair. After the 1970s, the economy of other parts of Asia also rose rapidly, including "Four Little Dragons and Four Little Tigers", and Thailand is one of them.

Although China's economic development has not been slow since the reform and opening up, its edge has still covered the "Four Little Dragons and Four Little Tigers". Therefore, in the mid-to-early 1990s, although the total population of Southeast Asia was less than half of China's, its foreign capital inflow was higher than that of China.

Changqing Group's cumulative investment in the Asia-Pacific region exceeds US$1.2 billion, mainly concentrated in Southeast Asia. Although it has increased its investment in the mainland in recent years, it still accounts for less than 30% of the total investment in the Asia-Pacific region.

"If Changqing Group's investment in Thailand is really at risk, as I say, it's purely worth it," Chen Huai turned over and put his hands under the back of his head, saying, "Southeast Asia investment is overheated, the segmented market is poorly adaptable, lacks a complete industrial system, strong dependence on exports, and regional governments are weak. Once a situation occurs, there is a lack of powerful means to solve problems in the overall structure. Therefore, Changqing Group's re-evaluation of investment in Thailand and Southeast Asia can at least be considered a flaw..."

Chen Huai pointed out the disadvantages of Changqing Group's excessive investment in Thailand, but Sun Yalin still ridiculed him and said:

"The domestic central government is very good, but since the tightening after the New Year, Xinpu Refining and Chemical Corporation has also stuck its neck and couldn't move. What's the blessing of gloating?"

"If the funds are really in place, the approval should be looser," Chen Huai said. "Let's wait for your dad to come tomorrow and talk..."

In order to curb overheating of investment in China after the Chinese New Year, the approval of large-scale projects will be tightened. After all, the construction of many large-scale projects in China is the low proportion of self-provided funds and strong dependence on bank loans. If the project has sufficient self-provided funds and low dependence on bank loans, the release of project construction will not only not aggravate the risks, but on the contrary, it can also release financial risks in certain regions and industries through the pull of the industrial chain.

Similarly, foreign exchange bond financing is generally believed to be long-term bond financing or direct industrial investment to promote economic development, while short-term entry will aggravate the risks of the economic system - this is also the main reason why domestic large-scale investment promotion is strictly restricted in the fields of financial securities and real estate development.

The Xinpu Refining and Chemical Project is now stuck in the hands of the National Planning Commission, and even the approval level has not been started. Not only does Chen Baoqi and others remain silent in the city, but the province has not specially promoted anything. After all, the funding preparations here are not ideal.

If the Meigang Group could get a large amount of foreign exchange loans from Yasuda Bank and raise 200 million to 300 million US dollars or even more funds, the attitudes of both the city and the province would change.

***************

It is inconvenient for Shen Huai to go abroad, so he has to apply to the city, so he does not have the conditions to fly to Hong Kong to meet Sun Qishan immediately. If you have to meet and discuss things in China, there is no big difference between Xucheng and Donghua.

After the Xinpu Steel Plant project is launched, it will be officially put into operation in less than half a year. As the main indirect investor, Sun Qishan should also come to visit the site and take a look.

There are only signs of cooperation with Yasuda. Chen Huai was not willing to alarm the market at this time, nor did he want to call Yasuda Tomoe, Yamazaki Nobuo and others felt their impatientness, so they were strictly blocked from Sun Qishan's arrival in Donghua.

Accompanied by Song Hongjun, Sun Qishan rushed directly to Xiapu through Xucheng, and even in the county, only Tao Jixing and Zhao Tianming knew about it.

Chen Huai was waiting for Sun Qishan and his group to arrive at the Pengyue International Hotel in Beishan. Seeing the convoy slowly coming, Chen Huai walked down the steps, Wang Weicheng, Du Jian and others went over to help open the door.

Seeing Sun Qiyi get out of the car, Chen Huai asked with a smile: "Why is the second cousin who has time to come to Donghua this time?"

Chen Huai just had a phone call with Song Hongjun in advance and knew that Sun Qiyi was here together this time.

To be honest, Chen Huai was also confused about this: it was impossible for Sun Qishan to completely hide his whereabouts from others, but Chen Huai had no intention of revealing to others about Mei Gang's contact with Yasuda Bank - Sun Qiyi followed him, and he couldn't hide this matter.

Chen Huai didn't understand why Sun Yalin's father asked Sun Qiyi to get involved in this matter?

Chen Huai was really confused, but Sun Qiyi heard it a little sarcastic and smiled awkwardly, and his old face couldn't help but turn red.

No matter how rebellious Chen Huai was, no matter how dissatisfied with him, Sun Qiyi did not have the qualifications to ridicule him at this time. Mei Gang's rapid development over the years only highlights his incompetence and inefficiency in the Asia-Pacific investment business. The financial risks in Southeast Asia are still accumulating further, and also bringing unpredictable risks to Changqing Group's huge investment in Southeast Asia.

"The problem in Thailand may be more serious than I thought..." Sun Qishan could see Chen Huai was a little confused. Why Qi Yi followed him, he didn't explain in detail on the phone before, and got off the car and explained briefly.

"Oh..." Chen Huai nodded and understood.

Changqing Group is so large-scale and its investment is not placed in one basket, so it is naturally strong in risk resistance, so it is impossible to drag down the regional economic crisis suddenly. However, for Changqing Group's management, it is not that as long as Changqing Group is guaranteed not to drag down, they can maintain their status.

In fact, as long as Changqing Group's investment in the region suffers irreversible losses, there must be someone, and even the entire management, responsible.

Sun Qishan and Sun Qiyi cannot be considered a professional manager, but as a representative of the Sun family, he entered Changqing Group. He is both a director of the board of directors and a senior management of the group. He has a prominent position and bears heavy responsibilities. Even if they are different from ordinary professional managers, the Sun family wants to replace them, which is definitely not just one or two...

If Thailand's economic situation is very bad and Changqing Group's investment in Thailand cannot be withdrawn quickly, then balancing and hedging investment risks is an urgent task for Sun Qiyi, who is responsible for Changqing Group's Asia-Pacific affairs.

If you can recover some investment losses in Thailand, you can maintain a balance of investment risks in the Asia-Pacific region as a whole, and hedge the risks, and avoid the accountability of group shareholders.

Of course, if Changqing Group's investment losses in the Asia-Pacific region are too large, it will not only be Sun Qiyi's alone, but the entire group management will also face shareholder accountability - this is also the reason why Sun Qishan came to Donghua with Sun Qiyi during this period in Hong Kong.

Sun Qishan and Brother Sun Qiyi have a bad relationship and are fists and feet under the table, but if the whole thing may harm the interests of both of them at the same time, they can still stand in the same trench again.

******************

Beishan Pengyue specially prepared a small building next to the Xitang River, and placed Sun Qishan, Sun Qiyi and his entourage to live there.

After sitting down at the lounge, Sun Qishan introduced the more severe economic situation in Thailand:

"In the past four years, Bangkok, Thailand has built a total of 760,000 residential units, and the actual sales are less than half. The accumulated risks are even greater than what the outside world speculates. Now the Thai government has locked down the channels for foreign capital withdrawal. Although the purpose is to prevent further turmoil in the exchange rate market, this will only aggravate the panic and the problem has not been completely resolved. We are waiting to see if the Thai government has further effective measures, but we must also prepare for the future..."

Changqing Group made a fortune in its early days by operating hotels and real estate, and returned to the Asia-Pacific region from Western Europe to develop, and also followed the old ideas. Thailand's financial market is highly open and the hotel and tourism industry is also developed, so Thailand's real estate and tourism hotel market is a key area for Changqing Group to invest in.

Because Changqing Group has invested in a large amount of real estate and hotel businesses in Thailand, it is normal for it to be more sensitive to Thailand's current economic situation than ordinary institutions and have a clearer understanding.

But now the Thai government has locked the channel for foreign capital withdrawal, and Shen Huai doesn't understand how Sun Qiyi will use this to hedge against Changqing Group's investment risks in Thailand...

Of course, Sun Qiyi came over to show that he had something to ask for. He couldn't figure it out for a moment and would not ask Sun Qiyi in a hurry.

However, Sun Qishan didn't keep it in a silence, knowing that time was tight. If the economic crisis in Thailand broke out in full swing, it would be difficult to hedge the risks at that time. He told Shen Huai directly:

"At present, there is no tariff on Thailand's iron ore exports. If Changqing Group can get part of the orders from Xinpu Steel Plant, it is possible to trade equity with local mineral companies in Thailand..."
Chapter completed!