I'm back in 1990

Chapter 416: The Plan

"I'm Back in 1990" is currently being serialized on Cola Novels and is not to be missed!

Although the Southeast Asian financial crisis is not expected to break out until next year, some things need to be planned now. So after finishing his work at the school, Huang Xiaochuan plans to go to Hong Kong and then travel from Hong Kong to the United States.

He was worried that Yu Xiang would be home alone and planned to have Yu Wei and his wife move in with her for a while to keep her company. But his mother-in-law came, so he could go on this long trip with peace of mind.

"What? You're going abroad?"

Zheng Aiying didn't expect that her son-in-law would be going abroad so soon after she arrived. She didn't want to ask him not to go, since he must have something important to do. But having a baby is also very important!

Zheng Aiying was extremely worried.

Huang Xiaochuan, completely unaware of his mother-in-law's thoughts, replied to himself, "Yes, I estimate it will only take about ten days round trip! I'll come back as soon as I'm done. Mom, you can stay here a few more days and have Yu Xiang accompany you to buy some things!"

Yu Xiang took Zheng Aiying's arm and said, "Mom, Xiao Chuan has something important to do. I'm home, and Yu Wei is here too. You can tell me or Yu Wei what you need to do."

Zheng Aiying sighed inwardly, but said aloud, "Go ahead and do your work, and don't forget to come back early when you're done."

After settling things at home, Huang Xiaochuan took Mai Guangde and others to Hong Kong.

Cao Charlie and Zhang Sui were already waiting for Huang Xiaochuan's arrival at the airport.

After the group met, Cao Charlie and Zhang Sui greeted Huang Xiaochuan, and then Cao Charlie began to report to Huang Xiaochuan.

Huang Xiaochuan waved his hand and said, "Let's go. We can talk in the car. This isn't the place to talk."

The group got into the car and headed to the Yude Real Estate Building. On the way, Cao Charlie reported to Huang Xiaochuan on the company's situation in the first half of the year.

After listening, Huang Xiaochuan nodded to indicate that he understood, without saying anything more.

Upon arriving at the office, Huang Xiaochuan said, "Zhang Sui, stay here. Everyone else, go about your business. I'll contact you if anything comes up."

After the office door closed, Huang Xiaochuan pointed to the sofa: "Sit down!"

"Thanks!"

"Has the confidentiality agreement been signed?"

"Signed!"

Without any preamble or pleasantries, Huang Xiaochuan went straight to Zhang Sui and said, "I need you to borrow Thai baht from the offshore market and Thai banks, and then convert it all into US dollars in the foreign exchange market. Don't start with too much; take it step by step. I don't need to explain the principle of 'many a little makes a mickle,' do I?"

Zhang Sui's pupils contracted sharply. This was truly shocking; his boss was actually going to short a country's currency? Had he gone mad?

Looking into Huang Xiaochuan's determined eyes, Zhang Sui knew that Huang Xiaochuan was not joking with her.

But isn't he incredibly audacious?

However, Zhang Sui did not question Huang Xiaochuan's instructions, but instead asked, "Loans require collateral, and I do not have any collateral on hand at the moment."

Zhang Sui trades almost exclusively financial derivatives in Hong Kong, such as stocks, bonds, and futures. Currently, these funds are used to make money in the financial market. If she were to withdraw now, the losses would be substantial.

Therefore, since these financial assets cannot be used as collateral for the time being, other physical assets are needed as collateral.

Huang Xiaochuan had already made arrangements for this.

"I will use the properties under the Dadao Group as collateral to help you get a loan from a Thai bank. However, you will need to gradually withdraw all your funds from the financial market and use them as collateral to borrow Thai baht and then convert them into US dollars. But you need to develop a cost plan and put most of the interest costs after April or May next year."

Seeing that Huang Xiaochuan was ready, Zhang Sui nodded and accepted the task.

Huang Xiaochuan then said, "You'll come with me to HSBC Bank tomorrow!"

"OK!"

When I met Min Huifen again, she was already a senior executive at HSBC's Hong Kong headquarters. However, after receiving a phone call from Huang Xiaochuan to make an appointment, she immediately said that she would personally receive this big spender.

Huang Xiaochuan shook hands with Min Huifen briefly: "President Min, we meet again!"

"Welcome, Mr. Huang! It's a pleasure to meet you!"

"Thanks!"

To show that she valued Huang Xiaochuan's arrival, Min Huifen took him to her office.

Looking at the office furnishings and the beautiful view outside the window, Huang Xiaochuan smiled and said, "Your office is very beautiful!"

"It's alright, Mr. Huang. What would you like to drink?"

"Tea!"

"Jenny, bring in three cups of tea."

At this point, Huang Xiaochuan introduced Min Huifen and Zhang Sui to each other.

The two career women exchanged business cards after they met.

Min Huifen knew without guessing that this handsome young man was up to something again; otherwise, he wouldn't be here. She wondered what he was up to this time.

After the agreement was signed, Huang Xiaochuan said to Min Huifen, "I want to sign some forward foreign exchange contracts for Thai baht with your bank for a period of two years. Before the expiration date, I will sell Thai baht at the agreed fixed exchange rate."

This is also a type of financial derivative. The advantage is that these contracts do not require immediate payment of the principal, so they will not put financial pressure on Huang Xiaochuan. Although he will not make much money, by next year, he can rely on these contracts to force the Bank of Thailand to intervene in the forward market to maintain the exchange rate, with the aim of further depleting its foreign exchange reserves.

This is also a strategy often referred to in military strategy as "feinting to the east while attacking in the west," used to deplete the opponent's scarce foreign exchange resources.

Although it was unclear why Huang Xiaochuan did this, this business was a sure thing for the bank. It would be a sin not to take money that was offered to them. After a whole day of bargaining, the two sides quickly signed a batch of forward Thai baht contracts. It was not yet clear what consequences these contracts would have. Only Huang Xiaochuan knew how important these contracts would be by next July.

After the contract was signed, Min Huifen invited, "Mr. Huang, it's a rare opportunity to meet you. Would you please give me the chance to treat you to dinner tonight?"

Huang Xiaochuan thought for a moment and readily agreed: "Then I'll have to trouble President Min."

The banquet was held on the top floor of a building, offering an unobstructed view of Victoria Harbour. The private room was decorated extremely luxuriously, indicating that Min Huifen treated Huang Xiaochuan as a distinguished guest.

"Mr. Huang, please have a seat. Do you have any dietary restrictions?"

Huang Xiaochuan smiled, wiped his hands with the towel handed to him by the restaurant waiter, and replied, "I don't have any dietary restrictions, so I'll just go with the flow tonight."

After hearing this, Min Huifen called the waiter over and ordered some dishes in Cantonese.

She then asked Huang Xiaochuan, "Mr. Huang, what kind of wine do you drink?"

Huang Xiaochuan waved his hand dismissively: "I already said I'm a guest, so please do as the host says. Mr. Min, you can arrange it! I'm fine with anything!"

Upon hearing this, Min Huifen ordered a bottle of red wine from the waiter.

Soon the restaurant staff started serving the dishes.

After a few rounds of drinks, Min Huifen spoke.

"Mr. Huang! You are the most skilled investor I have ever met. Since I met you, every investment you have made has been very successful. To be honest, we have also conducted in-depth research on your cases afterward. The results of our research show that you are a financial genius. You have a keen understanding of the market, and every time you make a move, your target is very precise."

"Mr. Min, you're exaggerating. I'm just a little bit luckier than others."

Min Huifen raised her wine glass and smiled, "Once might be luck, but Mr. Huang, you've never missed a beat. That can't be explained by luck! I toast you!"

Huang Xiaochuan also raised his glass.

Min Huifen quickly explained the purpose of her dinner invitation to Huang Xiaochuan that evening. HSBC wanted to establish a long-term partnership with Huang Xiaochuan, and was willing to provide financial assistance should Huang Xiaochuan make any big moves in the future, provided that certain profit targets of HSBC were met.

Huang Xiaochuan rejected Min Huifen's suggestion without hesitation. He knew what he was doing and it was better not to let too many people know, otherwise it would be troublesome if something inexplicable happened.

After dinner, Huang Xiaochuan thanked Min Huifen and then returned to his mansion in the hillside.