Legend of Xiangjiang Tycoon Chapter 548

When Zhao Hezhuo heard the Hong Kong dollar blurted out by Li Zhiwen, he scratched his ears and cheeks, as if he had caught something or not.

After a while, Zhao Hezhuo suddenly understood what Li Zhiwen meant, his eyes widened and his face was shocked.

After all, Zhao Hezhuo is the head of a bank, so he naturally knows the reason.

But knowing that he knew, it was really difficult for Zhao Hezhuo to think about that.

Zhao Hezhuo calmed his heart, and then said, "Boss, do you mean the Hong Kong dollar market is turbulent?"

Zhao Hezhuo didn't dare to say it was so big, so he just said it was turbulence.

Of course, Zhao Hezhuo understands that since the boss is paying attention to this matter, it is definitely not as simple as light turbulence.

When Li Zhiwen heard Zhao Hezhuo's words, he didn't answer immediately, but opened his mouth and blew the tea Zhao Hezhuo had just made for him.

After having a drink, Li Zhiwen said with a smile, "Unrest is far from being as simple as turbulence."

"The negotiation is pending. The North has the mood and the patience to continue talking, but the ghosts don't have that much patience anymore."

"I heard that people in many universities are impetuous recently, and there are many people who slander the development of Xiangjiang."

"And those ghosts who are managers, not only did not come forward to stop it, but watched from the sidelines."

"What's more, I got a report that briefly outlined the changes in the exchange rate between the Hong Kong dollar and the U.S. dollar over the past five years since 1978."

"In 1978, the exchange rate of the Hong Kong dollar to the U.S. dollar was 3.5:1, but in 1980, the exchange rate of the Hong Kong dollar to the U.S. dollar reached 4:1, and today the exchange rate of the Hong Kong dollar to the U.S. dollar even reached 4.5:1. "

"Azhuo, can you analyze the reason?" Li Zhiwen said.

Li Zhiwen also wanted to test Zhao Hezhuo at this time, so he asked this question.

Hearing Li Zhiwen's question, Zhao Hezhuo did not answer directly. Instead, he thought for a moment, and spoke after about twenty minutes.

"One is that Hong Kong's trade has always been very prosperous because of its status as a free port."

"In the 1950s and 1960s, due to the industrial upgrading of the beautiful country, many downstream industries were transferred to Asia, and Japan, South Korea and Wanwan were the undertakers of this downstream industry, and in fact, Hong Kong was also counted."

"It's just that the war had just been experienced at that time, and there was a lot of waste waiting to be done. Basically everything was in short supply, and basically everything that was produced could be sold."

"And based on this, Xiangjiang has formed the development of primary industries."

"But in 1978, the global economy declined, many factories in beautiful countries closed down, and as a result, many orders for semi-finished goods in Hong Kong were lost."

"But because of the development of globalization, on the contrary, Hong Kong needs too many imported industrial products. After all, Hong Kong's local industry is very strong, which has caused a trade deficit and a large amount of capital outflow, which has continued to this day."

When Li Zhiwen heard Zhao Hezhuo's words, he nodded in agreement.

In fact, this is also the reason why Li Zhiwen feels very right.

The biggest manifestation of the trade deficit is naturally the outflow of funds, and these funds entering the international market cannot of course be in the identity of Hong Kong dollars. After all, Hong Kong dollars are not even regional currencies in the strict sense.

Therefore, it is only possible that a large number of Hong Kong dollars are converted into US dollars, which presents a situation of more Hong Kong dollars and less US dollars.

Of course, this is also because the British have to take a lot of tax from Hong Kong every year.

In the eyes of ordinary people, Hong Kong's taxation is very small, and many taxes have little to do with ordinary people.

However, all the land in Hong Kong is owned by the Hong Kong Governor's Office, and every year the Hong Kong Governor's Office will take out a part of the land for auction.

The funds for the auctioned land are simply astronomical, so the Hong Kong Governor's Office naturally does not need to use those complicated tax rates to collect taxes, just sell more land.

So this kind of behavior leads to a large amount of money flowing into the UK from Hong Kong every year.

The inflow of these funds into the mainland may not be in the identity of Hong Kong dollars, but naturally in the identity of British pounds.

So in fact, this amount can also be regarded as one of the reasons for the depreciation of the Hong Kong dollar.

Seeing Li Zhiwen's affirmation, Zhao Hezhuo was not talking nonsense, and continued: "The Hong Kong dollar money supply is out of control, and it is extremely out of control. It expands at a double-digit rate every year, which naturally leads to serious inflation."

The issuance of Hong Kong dollars is jointly controlled by the Hong Kong government, HSBC and Standard Chartered.

In fact, think about what kind of problems will arise when the currency issuance of a place is handed over to one or several private banks.

The answer is naturally that the circulation is increasing year by year. After all, you can make money by printing money, so why bother to earn that kind of hard money!

Li Zhiwen's report shows that the circulation of Hong Kong dollars in 1978 was 111 billion, but in 1983, the circulation of Hong Kong dollars reached 200 billion. The consequences of this are naturally visible to the naked eye.

In 1978, an adult male could have enough to eat for 5 Hong Kong dollars, but after five years, a meal must cost 8 Hong Kong dollars, and it is not too full to eat.

So in fact, the purchasing power of the Hong Kong dollar continues to decline, and many people feel it.

"Not bad, any more?" Li Zhiwen said.

"The third is because of the various run events at the beginning, but today's Hong Kong Bank does not dare to set too high interest rates, so this also leads to the fact that the interest rate level of Hong Kong is not comparable to the interest rate level of the US dollar in the beautiful country."

"Before, the exchanges between different places were not so frequent, so not much happened, but this time is different, and the connections between places are getting closer."

"Every family has more or less foreign relatives."

"Let's see, the good guy's other interest rate is so high, why am I still stupid to keep the deposit in Xiangjiang, and simply convert it directly into US dollar deposits." Zhao Hezhuo said.

Zhao Hezhuo's analysis direction is very interesting, and most of them are middle class.

The middle class has always been the main force of consumption and deposits. Now these people are no longer depositing in Hong Kong, which has also led to the outflow of funds.

Of course, it is not only the interest rate issue that prompts them to deposit overseas, but also the security issue.

These people are generally insecure, so in this case, it is better to put money abroad.

"Anything else?" Li Zhiwen asked.

Zhao Hezhuo shook his head. In fact, these problems can be analyzed by a financier.

But it is useless to analyze it. This kind of thing is not done overnight, but gradually formed.

Therefore, in Zhao Hezhuo's view, although the Hong Kong dollar continues to depreciate, it seems that there is no opportunity to make money, and it cannot be a fuse.

However, Li Zhiwen was very satisfied that Zhao Hezhuo could analyze this.

"My friends in the UK told me that this negotiation was not very smooth. It can even be described as a stalemate. The impact of a long stalemate is fatal."

"The performance in terms of low- and middle-income status is to immigrate as soon as possible, and take all the belongings out."

"In terms of the performance of business tycoons or companies, they are selling Hong Kong dollar assets in the financial market, and some large companies or foreign banks are also withdrawing some of their assets from Hong Kong."

"This kind of behavior is a serious capitalist behavior in other places, and ZF will not stand on the sidelines."

"But it is very strange that the British side did not mean to stop it, but to support it."

"It's getting worse and it's getting out of hand in my opinion."

Li Zhiwen is right, take the just-concluded Wheelock & Co. war as an example.

The dignified two shareholders of Wheelock & Co., before the crisis, did not want to work together to tide over the difficulties. Instead, they sold various shares and cashed out. What is the reason?

Even an outsider like Qiu Deba has a huge disparity between the shares of Zhang Yuliang and Zhang Yuliang. What Zhang Yuliang thought was not to push Qiu Deba out himself, but to find another person to sell his shares and let this person and Qiu Deba fight.

So from all aspects, the Madden family and Zhang Yuliang are standard capitalists.

The Madden family's property in Heung Kong was only Wheelock, which left Heung Kong and returned to London shortly after the sale of the shares to Khoo Teck Puat.

I heard that Zhang Yuliang is also selling some assets and preparing to go to Australia.

I knew that Zhang Yuliang's assets were all listed in Hong Kong, and could reach seven or eight billion Hong Kong dollars.

Seven or eight billion Hong Kong dollars is not a big problem compared to the entire Hong Kong dollar market, but if Zhang Yuliang is not an isolated case, this is very powerful, and it accounts for a large proportion.

When Zhao Hezhuo heard Li Zhiwen's words, he also felt that Li Zhiwen's analysis was right, but in Zhao Hezhuo's view, the impact of this incident would not be too fast, but it seemed that the boss thought it was very fast.

So Zhao Hezhuo asked, "Boss, do you think there may be a large-scale devaluation of the Hong Kong dollar in a short period of time?"

Li Zhiwen nodded in agreement.

"If one or two of the above things came out alone, it wouldn't have caused the problem to happen right away, but it's happening now."

"Even the ghosts don't do anything, thinking that things will be under their control."

"As everyone knows, if the Hong Kong dollar depreciates on a large scale, only these ghosts will be most harmed."

Li Zhiwen was right. After all, although he was reluctant to admit it, Xiangjiang at this time was being controlled by a large group of ghosts.

Although you ghosts have never felt how good Xiangjiang is, it is very possible to attack them.

Zhao Hezhuo was very surprised when he heard Li Zhiwen's words. In his opinion, the boss is full of confidence.

"How much does the boss think the Hong Kong dollar will depreciate?"

"I think the lowest point will be 8:1, maybe even 9:1, but after a period of time, the exchange rate of the Hong Kong dollar to the US dollar will remain around 7:1."

"After all, the ghosts don't know such power at this time, but when it happens, they will be stunned soon."

"So they will change soon. After all, no one will be willing to do this kind of business that hurts one thousand and one thousand and two thousand."

"In the face of this mess, the only way the ghosts took is to peg the Hong Kong dollar to the U.S. dollar and adopt a fixed exchange rate." Li Zhiwen said.

Zhao Hezhuo couldn't help but have a toothache. You must know that the Hong Kong dollar and the US dollar have always adopted a floating exchange rate, and when the US dollar depreciates, the Hong Kong dollar can even reach a 3:1 exchange rate with the US dollar.

And now someone tells you that the Hong Kong dollar will adopt a fixed exchange rate with the U.S. dollar, Zhao Hezhuo will definitely think that this person is here for grandstanding.

But if this person is Li Zhiwen, Zhao Hezhuo has to think about the root of it. What's more, Li Zhiwen said that the exchange rate of Hong Kong dollar and US dollar will become 7:1.

This level of floating maneuverability is too great, and it is also a good opportunity to make money.

Thinking of this, Zhao Hezhuo said: "Boss, I suggest that the company under my command go to those banks to borrow a short-term loan, and then wait until the time is right to pay it back."

"I also mean this, but we can't look for it in the sky, it will make people suspicious."

"That's why I came to you this time. You can see if there are any that you don't like, or that are in competition with our bank. Give me a list, and I'll let others do the work."

"Of course you have to cover for them. After all, everyone knows that I have a bank, which will arouse suspicion."

"It's no problem, I'll handle it well. In fact, I think the boss can let them start with Henderson Bank and Wing Fat Bank. These two companies have some disputes with our Yulong Bank. If the operation is appropriate, there may be opportunities to acquire them after the turmoil. ."

Li Zhiwen nodded, there was nothing wrong with that, which was why Li Zhiwen came here.

After all, it's a good idea for Yulong Bank's expansion.

If you want to eat a big fat man in one go, you have to make all kinds of efforts.

For Yulong Bank, it is either a self-built bank or an acquisition bank.

Building a bank by yourself is time-consuming and labor-intensive, so acquiring a bank is a very good way.

Originally, Li Zhiwen planned to incorporate Hang Lung Bank into the Yulong Bank system, but the chances were too slim at the time, so he decided to cooperate with Standard Chartered Bank.

But no matter how Yulong Bank is Li Zhiwen's son, how can it be left alone.

Now that the opportunity has come, and there is no need for too many conspiracies, Zhao Hezhuo is very happy.

"Okay, boss, I will let the people under my command sort out the plan and send it to the boss as soon as possible, and implement it as soon as possible." Zhao Hezhuo said.

"Yes, UU Reading www.uukanshu.com In addition, the recent loan review should be stricter. It is best not to lend to others and try not to do so."

"At the same time, if the deposits in the bank are able to be converted into US dollars, then Yulong Bank may not be affected and repaid." Li Zhiwen said.

"Good boss, in addition, I think I can start in the foreign exchange market, and I also plan to make a fortune in the foreign exchange market." Zhao Hezhuo said.

Zhao Hezhuo's statement was naturally intended to make Li Zhiwen hype in the foreign exchange market, but because the seed fund did not move for a long time, Zhao Hezhuo even forgot where they belonged, so he reminded him.

"In this regard, I know that there are already people in charge of the foreign exchange market!" Li Zhiwen said.

It was only at this moment that Zhao Hezhuo suddenly realized that he remembered the wolf who was going to seed the fund.

Even the two of them took some points from Zhao Hezhuo at the beginning. Who knew they were so good now, and couldn't help but sigh with emotion.

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Chapter end