Legend of Xiangjiang Tycoon Chapter 554

To be honest, there is no doubt about the ability of these economic advisers and aides. After all, how can they enter the Hong Kong Governor's Office without two brushes.

But they are old and too sophisticated to know what Yo-dak likes to hear.

Youde took office as the governor last year. Because of Ms. Margaret's advice before, Youde has been carrying out the orders of the British and Beijing.

And these aides may be a little unsatisfactory to study other, but grasping Yoder's ideas can be grasped in hand.

Therefore, for Youde's questioning, the staff has been unswervingly suggesting that Youde carry out the orders of the British capital.

When the economic consultant saw how these people looked like, without saying a word, he acted like a cat and a tiger.

Therefore, regarding the Hong Kong dollar exchange rate issue, the advice of the staff and economic advisers was surprisingly consistent.

Youde saw that the two groups of people had the same opinion, and finally felt relieved and let the Hong Kong dollar crisis run its course.

But now is not the time. The exchange rate of the Hong Kong dollar to the US dollar has exceeded 9:1. At this time, Hong Kong is already in chaos, and dark things are happening everywhere. If no action is taken at this time, Youde believes that he will become a The first Hong Kong Governor with the shortest term in history.

And as we all know, everyone can see that the biggest victim of the devaluation of the Hong Kong dollar is Hong Kong, and the second is to include the Hong Kong Governor's Office.

After all, a prosperous and stable Xiangjiang is everyone's wish, otherwise it will be chaotic and how can Youde make some oil and water.

Originally, Yoder thought it was a mess. Let those pariahs see who's the master, it'll be back soon anyway.

But Yode didn't expect things to be so tricky and time-consuming.

So Yoder felt that he couldn't wait any longer and had to take action.

When Youde saw the aides and economic advisers who bowed their heads and said nothing, he didn't get angry.

But he didn't have a hard time attacking either, so he turned his attention to the Financial Secretary.

"Alexander, what do you think we should do?" Yoder asked.

Alexander Pierce knew that he couldn't dodge this kind of thing, otherwise, if he didn't deal with it, he would definitely be the first to get out of the way before Yoder.

So Alexander Pierce thought about it and said, "Your Excellency the Governor, first of all, we must stabilize the Hong Kong dollar, otherwise once the Hong Kong dollar is over, then the whole Hong Kong will not be saved."

"After all, there are five million people in Xiangjiang at this time. If there is chaos, it will not be so easy to suppress."

"You must know that there are only less than 10,000 troops stationed in Xiangjiang, and among them, there are less than 2,000 local soldiers, 1,500 Chinese soldiers, and 4,500 hired Gurkha soldiers."

"Not to mention that it will be defeated in the next blow of others' impact, and it can even be said that it is very difficult to suppress the riots in Xiangjiang."

"So it's better for us not to stimulate each other's sensitive nerves at this time."

"Alexander, I know that stabilizing the Hong Kong dollar is the most important thing at this time, but how to stabilize it?" Youde continued to ask.

"First of all, we have to solve the problem that banks prohibit the exchange of Hong Kong dollars. This requires the CBRC to come forward. This is a necessary premise. Because Hong Kong dollars cannot be exchanged, Hong Kong dollars are a piece of waste paper, and everyone will naturally follow suit."

"And as long as the ban on exchange is resolved, at least many people will stop making trouble."

"I see the China Banking Regulatory Commission, HSBC and Standard Chartered are the chairman and vice-chairman respectively, and they have the responsibility to open the exchange if necessary."

"I suggest that Mr. Sanders and Mr. Jeff Hunter be invited to the Hong Kong Governor's Office immediately and ask them to come forward to deal with the major banks." Alexander Pierce said.

"This is a must, but will Mr. Sanders and Mr. Jeff Hunt agree?" Yoder said.

Youde's attitude confirmed the long-standing adage.

The Hong Kong government, HSBC and the Jockey Club jointly manage Hong Kong.

"If they don't agree, let the citizens go to them!" Alexander Pierce sneered.

Yoder nodded in agreement.

There's actually nothing to disagree because it doesn't require Yod to do anything.

"The second is that the Hong Kong government needs to issue an order, declaring that in Hong Kong, it is illegal for anyone to ask for payment in foreign currency during local transactions, and they will be arrested and sentenced to prison!" Alexander Pierce said.

"This is no problem, it should be done." Some said.

This order of Alexander Pierce is very correct. After all, this is what the Hong Kong law stipulates. This is just to reiterate.

Of course, if you don't agree, then don't open the door to do business.

"The third is that we need to start the exchange fund to intervene in the market and cool the market quickly!" said Alexander Pierce.

"It should be!" Yoder said.

"The fourth is that the free floating exchange rate is no longer suitable for Hong Kong at this time. In fact, it can be seen from 1978, but although the Hong Kong dollar was depreciating at that time, the depreciation rate was not too fast."

"But the depreciation rate in the past few days is too fast, which is dizzying and exposes too many problems."

"We need to introduce exchange rate reform as soon as possible, which is the essence of dealing with this crisis." Alexander Pierce said.

Since 1973, Xiangjiang has been using a free floating exchange rate. It was fine at the beginning, but at this time various problems caused the exchange rate to be unstable, so it needed to be restructured.

"I think this is very necessary, but you also know that this cannot be done overnight." Youde said.

"Of course, but I think it needs to be dealt with as soon as possible, at least not more than November, otherwise our losses will be very large." Alexander Pierce said.

"I have no opinion. As long as the decline is stopped now, I will immediately convene people to study new exchange rate issues." Youde said.

"Any other suggestions?" Youde asked again.

"Lord Governor, there is no more for the time being!" Alexander Pierce said.

"Then let Mr. Sanders and Mr. Jeff Hunter come to the Hong Kong Governor's Office as soon as possible, and the restoration of the Hong Kong dollar exchange mechanism must be carried out tomorrow! Youde said.

"Yes, Your Excellency!" said Alexander Pierce.

Not to mention what happened in the Governor's Palace, the exchange rate between the Hong Kong dollar and the US dollar has exceeded the 9.5:1 mark during their meeting.

And Li Zhiwen, who was staring at the seed fund, began to issue orders to Lou Yulie and Tan Huafei to start harvesting.

Gu Li

Although Tan Huafei and Lou Yulie didn't understand why, they immediately started to act because of Li Zhiwen's unique vision.

Of course, Li Zhiwen will not remember it so clearly. In fact, Li Zhiwen knows that the Hong Kong Governor's Office will issue a response policy tomorrow.

Originally, Li Zhiwen thought that he could break through the 10:1 mark, but looking at the current slowing growth curve, Li Zhiwen finally decided to start closing the network.

After all, if you earn a little less, you will earn a little less, and it is best not to smash it in your hands.

Tan Huafei and Lou Yulie were leading their respective teams to complete the harvest, while Li Zhiwen picked up his eldest brother and called Zhao Hezhuo.

"Azhuo, inform people to go to Henderson Bank and Wing Fat Bank to repay the loan!" Li Zhiwen said.

"Boss, will it be a little early? I think the exchange rate is still 10:1, and the Hong Kong dollar in our hands is not enough to repay the loans of the two banks. Should I sort out the funds?" Zhao Hezhuo said.

In fact, the latter words are what Zhao Hezhuo wants to say the most.

Because more than 80% of Yulong Bank's funds are in US dollars, even at the beginning of the Hong Kong dollar crisis, Yulong Bank exchanged some Hong Kong dollars with the flow.

But at this time, the U.S. dollar of Yulong Bank still accounted for 70% of the total capital.

So it is normal that Zhao Hezhuo said that the funds are not enough, and Zhao Hezhuo does not want to exchange Hong Kong dollars to them.

"No need, how much is missing will be calculated at the current exchange rate and paid in US dollars. The Hong Kong Governor's Office will not be able to sit still, and the exchange rate will soon rise. I guess it is good that major banks will restore Hong Kong dollars tomorrow. It has been exchanged, so it is no problem to repay the loan in US dollars or in Hong Kong dollars at this time.” Li Zhiwen said.

When Zhao Hezhuo heard Li Zhiwen's words, he instantly understood the reason, so he quickly said, "Yes, boss, I will notify the major companies immediately and prepare funds for them!"

At the beginning, the major banks under Li Zhiwen did nothing after borrowing money from Yongan Bank and Henderson Bank. Instead, they deposited the money in Yulong Bank, and Yulong Bank exchanged it into US dollars.

And since the boss now says that Hong Kong dollars and US dollars don't matter, just do it.

Hearing Zhao Hezhuo's affirmative answer, Li Zhiwen hung up the phone with satisfaction.

At this time, Lou Yulie and Tan Huafei were still carrying out intense harvesting.

At the beginning, Li Zhiwen collected 1.3 billion Hong Kong dollars, converted it into 300 million US dollars, and invested three times the leverage in the foreign exchange market. This time, he must have made a big profit.

Although Tan Huafei is the president of the seed fund at this moment, Tan Huafei still divided the entire company into two groups, one for himself, and one for Lou Yulie, each with 150 million US dollars to complete this operation.

In fact, although the seed fund did not disturb the foreign exchange market, the leverage this time was not high, so it was handy.

Soon Lou Yulie and Tan Huafei came to Li Zhiwen's office.

"Alie, Afei, sit down and talk!" Li Zhiwen said.

Both Tan Huafei and Lou Yulie sat on the sofa, and Tan Huafei carried a folder in front of him.

But Lou Yulie didn't. Obviously, Lou Yulie had already informed Tan Huafei of the situation, which was normal.

"Boss, this time we invested 300 million US dollars, and leveraged 1.2 billion US dollars with triple leverage."

"According to the current exchange rate, these 1.2 billion US dollars can be exchanged for 11.52 billion Hong Kong dollars in total."

"Remove the previous principal of 1.3 billion Hong Kong dollars, leveraged funds of 3.9 billion Hong Kong dollars, and then remove some leveraged interest, etc., this time a total of 6.23 billion Hong Kong dollars." Tan Huafei said.

Despite this preparation, Li Zhiwen was still taken aback.

That is to say, this time the principal plus interest, Li Zhiwen holds a total of 7.53 billion Hong Kong dollars of liquidity.

Li Zhiwen believes that there is absolutely no one else in Hong Kong who has so much liquidity except himself.

Among them, Bao Yugang and Huo Yingdong invested 400 million Hong Kong dollars. At that time, Li Zhiwen said that he would look it up for them within three months, which means that now Li Zhiwen only needs to give them 800 million Hong Kong dollars.

In this way, Li Zhiwen has at least 6.73 billion Hong Kong dollars in liquidity.

Even if the Hong Kong dollar adopts the linked exchange rate later, this amount is more than 800 million US dollars.

It seems that the profit this time is not too much, but in fact, this is also because the plate of Hong Kong dollars is too small. If it is placed in the Japanese yen, Li Zhiwen would dare to use ten times the leverage.

However, this is also a good fight for the appreciation of the yen after the Plaza Accord in 1985.

And Li Zhiwen asked Tan Huafei to convert all the funds into Hong Kong dollars. After all, the Hong Kong dollar exchange rate will start to stabilize and the Hong Kong dollar will appreciate. At this time, it is stupid to hold US dollars.

The reason why he didn't tell Zhao Hezhuo to exchange the U.S. dollar of Yulong Bank into Hong Kong dollar was because he was worried about the attention of those who wanted to.

After all, everyone refuses to accept Hong Kong dollars now, and you are now earning a lot of Hong Kong dollars, which will make others suspicious.

However, as long as the Hong Kong government issues policies tomorrow, Li Zhiwen can ask Yulong Bank to convert U.S. dollars into Hong Kong dollars under the banner of supporting the Hong Kong government. After all, it will take mid-October to designate the linked exchange rate system.

Although the Hong Kong dollar has been appreciating during this period, it has not appreciated as fast. It is better than nothing.

And getting such a large amount of money, Li Zhiwen thought of nothing but repayment.

Because of these and other problems, Li Zhiwen owed a lot of money to Standard Chartered Bank, HSBC Bank, Zhang Yuliang and Qiu Depu, and now it is time to pay back the money.

After all, the exchange rate at this time is so low, and paying back the money now is equivalent to only half of the time when it was owed. How could Li Zhiwen miss such a good thing.

However, Zhang Yuliang took a plane to Australia before, but this kid escaped the catastrophe. Let's wait for him to come back. After all, Zhang Yuliang helped Li Zhiwen in a strict sense. Without Zhang Yuliang, how could Li Zhiwen win Wheelock.

As for HSBC and Standard Chartered Bank, Li Zhiwen felt that it was too hard to offend them~www.mtlnovel.com~ So he decided not to pay them back for now. Anyway, Li Zhiwen was a big bargain.

But for Qiu Deba, Li Zhiwen is not so kind anymore.

In order to sell Wheelock & Co.'s shares at a good price, Qiu Deba specifically chose to pay 10% of the deposit first, and pay off the remaining 90% in three months, otherwise the shares would be withdrawn.

Since you, Qiu Deba, are so calculating, I'm sorry for not repaying the money now. After all, this is the moment when the exchange rate is the lowest.

The original 25% of the shares, Qiu Depu sold one billion and five million Hong Kong dollars, Li Zhiwen previously paid 100.5 million Hong Kong dollars, and the remaining 904.5 million Hong Kong dollars has not been paid.

Including the benefits, the payment of HK$905 million is basically the same.

And Li Zhiwen underpaid the more than 900 million Hong Kong dollars at the beginning, but made a lot of money for Li Zhiwen, which can be thanks to Qiu Deba.

Therefore, in order to thank Qiu Deba, Li Zhiwen decided to take time out today to repay the loan to Qiu Deba as soon as possible, showing his good habit of repaying the money quickly.

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Chapter end