Legend of Xiangjiang Tycoon Chapter 556

Henderson Bank Central Headquarters

Wu Yuankai looked at the person who came to the door with a bitter face. In fact, there were no customers at Henderson Bank at this time.

If you think about it, you also know that banks in the entire Hong Kong have stopped exchanging US dollars and withdrawing US dollars, so naturally there will not be too many customers.

But Wu Yuankai also hated these people who came today, even though they came to pay back the money.

Logically speaking, isn't it a good thing for someone to pay back the money at this time? What does Wu Yuankai hate?

But everyone knows that repayment at this time is definitely the time when the bank loses money.

"Mr. Liu, I'm not in a hurry to repay the funds this time. After all, I haven't borrowed for a long time." Wu Yuankai smiled.

"President Wu, borrowing money was a matter of urgency before. Now things are basically done. I am dizzy with so many benefits every day. In this case, luckily the repayment is done," said Liu Zhen.

"Yeah, that's what we mean too!" Others also echoed.

No matter how late Wu Yuankai's reaction was, he could see that he was in for a trick, but he didn't understand why they were so sure that the Hong Kong dollar would depreciate.

Now that he knew that these people were here to engage in Henderson Bank, Wu Yuankai no longer made excuses with them, but said, "Everyone, I understand your eagerness for repayment, but now we Henderson Bank have regulations that all business must be The settlement is in US dollars, so please exchange Hong Kong dollars into US dollars and come back!”

At this time, who would be willing to accept Hong Kong dollars, so Wu Yuankai also found an excuse to delay.

Hearing Wu Yuankai's words, Liu Zhen and others also showed bitter eyes, which made Wu Yuankai once thought he had succeeded.

Who knew that Liu Zhen said: "President Wu, of course we know the difficulties of Xiangjiang now, so we don't want to embarrass President Wu. This time, we will settle in US dollars, and calculate at the current exchange rate."

Liu Zhen said he was gnashing his teeth at today's exchange rate.

To be honest, Liu Zhen and others are not actually people of Li Zhiwen's company. After all, Yulong Bank is now in conflict with Henderson Bank and Yongfa Bank.

So when you get a loan, you will naturally be screened.

And Zhao Hezhuo also took this into consideration, so he asked Huang Xizhao and others to ask their contractors to help borrow money.

If other people open their mouths, Liu Zhen and the others simply refuse without even thinking about it.

Just kidding, this is a bank loan, not for anything else, and close family members will not take this risk.

But there is no way. Liu Zhen and others have to rely on Huang Xizhao and others to live. If they don't help, it will be difficult to get the project from them.

Furthermore, Huang Xizhao and others used the project as a guarantee, which is one of the reasons why Liu Zhen and others agreed.

Of course, the amount of money borrowed by each person is not much, which is within the range of these people, not to mention such a large group, who cares about these three melons and two dates.

Moreover, it can be seen from the entrustment of Huang Xizhao and others that this big consortium seems to have an idea for Wing Fat Bank and Henderson Bank, which is why they did this.

But it has nothing to do with them, they just need to complete the task.

Wing Fat Bank and Henderson Bank are very happy to borrow from these people. These are high-quality customers who have never cooperated before, and naturally they all agreed to borrow.

Not long after the loan, the Hong Kong dollar crisis broke out, which shocked Liu Zhen and others.

However, seeing Huang Xizhao and the others, they felt relieved as if nothing was wrong.

Not long ago, Huang Xizhao and others came to repay the money, and the interest plus principal was more than expected, and even the repayment was in US dollars.

This made Liu Zhen and others so happy that they still had money to do a favor, and they still paid it in US dollars.

You must know that in today's Hong Kong, the US dollar is a hard currency.

Therefore, Liu Zhen and others agreed to take out their own Hong Kong dollars, hoping to repay in Hong Kong dollars.

But now Wu Yuankai's actions make Liu Zhen and others sigh, Huang Xizhao and others have calculated it too clearly, it's too scary.

So there is no way. Originally, Liu Zhen wanted to repay in Hong Kong dollars, but in the end he could only repay in US dollars.

Wu Yuankai was speechless when he heard Liu Zhen's words, and finally nodded in agreement.

In the end, Liu Zhen and others repaid a total of 30 million US dollars to Henderson Bank, and wanted to repay 40 million US dollars from Yongfa Bank, and then repaid the loan.

You must know that when they borrowed money, Liu Zhen and others borrowed 280 million Hong Kong dollars from Henderson Bank and 380 million Hong Kong dollars from Yongfa Bank.

At the time, the funds were worth $68 million and $88 million, respectively.

And in this way, I lost more than half in a few days.

But what makes Wu Yuankai happy is that the repayment was made in US dollars this time, which is not a small joy.

But Wu Yuankai didn't know that this ring was intertwined, and Wu Yuankai was going to suffer tomorrow.

At nine o'clock in the morning on September 25, Xiangjiang was still in chaos.

However, at this time, the Hong Kong Governor's Office, located on the Peak of Taiping, made his own voice.

The Hong Kong Governor's Office issued an announcement on time: the government is actively considering various proposals to stabilize the currency; the full convertibility of the Hong Kong dollar is the basic premise for the adoption of any currency stabilization plan; the exchange fund should be more active in intervening in the market; when anyone in Hong Kong is trading locally It is illegal to ask for payment in foreign currency.

Then HSBC and Standard Chartered announced that they would resume the exchange of Hong Kong dollars and foreign currencies, and resume the business of withdrawing foreign currencies.

HSBC and Standard Chartered did not discuss this move with other banks under the China Banking Regulatory Commission, which shows that it is not good for others.

Of course, they do not need to discuss with other banks of the CBRC, because they are the chairman and vice-chairman of the CBRC.

Of course, it wasn't the majesty of Hong Kong Governor Youde or anything that made them make concessions. For them, it wasn't anything important.

But in the conversation with Youde yesterday, Youde promised to use the Exchange Fund to make up for half of their losses due to the Hong Kong dollar crisis this time.

Although it was half, they still agreed.

After all, they know that there is no benefit in holding on to it. It is definitely a stupid thing to hurt the enemy by eight hundred and lose one thousand by oneself.

After all, their business is concentrated in Xiangjiang. If Xiangjiang has been in turmoil, how to develop their business, if things go on like this, the loss will be far greater than it is now.

Since the Hong Kong government is willing to bear half of the losses, then HSBC and Standard Chartered will directly go downhill.

Of course, for the interests of other banks, what does that have to do with us.

What's more, the Hong Kong government has promised to hold urgent consultations to stabilize the exchange rate.

Of course, this also has something to do with HSBC and Standard Chartered Bank receiving instructions from Beijing.

All in all, both HSBC and Standard Chartered agreed to liberalize the acceptance of the Hong Kong dollar against the US dollar.

As the two major banks that can account for half of the entire Hong Kong banking industry, if such a public announcement is issued, what will the rest of your banks do?

After the announcements of HSBC and Standard Chartered Bank were issued successively, Hang Seng Bank was the first to respond. Hang Seng Bank supported the announcement of the Hong Kong Governor's Office, resumed the exchange of Hong Kong dollars and foreign currencies, and resumed the withdrawal of US banknotes.

This is actually a normal phenomenon. After all, HSBC owns 51% of the equity of Hang Seng Bank, although the founders are still in charge.

But in the event of a major event, HSBC naturally has the ability to order Hang Seng Bank, so it is very normal for Hang Seng Bank to make a third response.

Next is Hang Lung Bank, which is more complicated than Hang Seng Bank.

Because Hang Lung Bank is held 50% by Standard Chartered Bank and Yulong Bank, and Taipan is assigned by the two banks in turn.

Although the Taipan at this time was assigned by Standard Chartered Bank, after all, Hang Lung Bank's shareholding ratio is half and half.

This kind of thing, the big class will naturally not make the decision privately.

So yesterday Jeff Hunt naturally had a phone call with Li Zhiwen.

Jeff Hunter expressed his intentions and wanted Hang Lung Bank to support HSBC and Standard Chartered Bank, but Li Zhiwen was still opposed.

Li Zhiwen is not stupid. You HSBC and Standard Chartered Bank received subsidies from the Hong Kong Governor's Office. I, Li Zhidi, will play with you.

I don't like Li Zhiwen to accompany the prince to study.

And for this kind of thing, Jeff Hunter is also very uncomfortable, Hang Seng Bank is 100% HSBC's little brother.

And the Hang Lung Bank on my side is not, there is another father, this is not easy to do.

As for Jeff Hunter, he had no problem with the Hong Kong Governor's Office, but now that there is a problem, how can this be done?

There was no other way, Jeff Hunter had to make concessions. After some compromises, Li Zhiwen agreed to Jeff Hunter's opinion.

The two agreed that Standard Chartered Bank would bear 60% of the losses of Hang Lung Bank, and Yulong Bank would bear the remaining 40%.

As for Li Zhiwen's Yulong Bank, Jeff Hunter did not mention it, after all, this is not within the scope of the agreement.

So the fourth one to express support for the announcement today is Hang Lung Bank.

But what Jeff Hunt didn't expect was that the fifth support announcement was Jade Dragon Bank.

In fact, this is something that the whole Xiangjiang has not thought of.

Anyone with a discerning eye can see that HSBC, Standard Chartered Bank, Hang Lung Bank and Hang Seng Bank are a system, unique, even though Hang Lung Bank's shares are complicated.

But in the eyes of Hong Kong people, Hang Lung Bank is the younger brother of Standard Chartered Bank.

Therefore, since HSBC and Standard Chartered Bank supported the announcement, Hang Lung Bank and Hang Seng Bank will naturally not fall behind, so the fifth bank is particularly important.

But what no one thought was Yulong Bank, everyone thought it would be other small banks that were bewitched by HSBC and Standard Chartered Bank.

As the saying goes, a small boat can make a U-turn, and a small bank has a small body and little loss. HSBC and Standard Chartered only need to buy a few who wave their flags and shout, and leave the rest to God.

In fact, this is indeed the case. HSBC and Standard Chartered did find a few, but what they did not expect was that Yulong Bank was picked first.

Although Yulong Bank is not a large bank, it is also a leader among medium-sized banks, with nearly 30 branches.

What made Jeff Hunt even more puzzling was that when he was on the phone with Li Zhiwen yesterday, it was this and that, and it was hard to talk.

It's incredible how to agree today.

But after thinking about it, Jeff Hunter put this matter behind him. Anyway, it's good for him, so why think so much.

The sixth bank was also unexpected, Huaxia Bank.

In fact, a careful person can find that Hua Xia Bank has never closed the exchange channel.

It's just that the people who have been depositing in Huaxia Bank are leftists, so the number is very small, and they also believe in the country, so naturally there will be no such run.

And Hua Xia Bank came forward to support the announcement of the Hong Kong Governor's Office, and also expressed its support for the stability of Hong Kong, which is also a booster.

After the six banks announced their support for the Hong Kong Governor's Office, there was a long silence.

This may be about to enter the next negotiation or gang formation.

But all in all, the announcement of the Hong Kong Governor's Office has been supported by major banks, which has gradually stabilized the current situation in Hong Kong.

Of course, for these banks, it is natural to adopt the previous strategy.

You must first be a customer of the bank to be eligible to accept foreign currency and withdraw US dollars.

This has also led to a surge in the number of customers of the six largest banks.

Of course, this is for the latter four banks. HSBC and Standard Chartered have customers all over Hong Kong.

Youde was very satisfied with the current situation, at least it didn't continue to be frantic and turbulent.

At this time, the Xiangjiang Police Department also began to take action to capture the rioters in the Xiangjiang market.

On the morning of September 25th, the exchange rate did not continue to rise and did not break the 10:1 mark.

On the afternoon of September 25, the exchange rate began to decline slightly.

On September 26, more and more banks announced their support for the Hong Kong Governor's Office.

They don't support it and there is nothing they can do. After all, people from industry and commerce, fire protection, etc. come to ask for trouble from time to time, obviously they have been inspired.

In the face of rapidly losing customers, they can only swallow this bitter fruit.

When the market closed on September 26, the exchange rate between the Hong Kong dollar and the US dollar officially fell below 9:1 and came to 8.9:1.

From then until October 10, the exchange rate between the Hong Kong dollar and the US dollar has been stable in the range of 8.15:1 to 8.35:1. UU reading www.uukanshu.com

This is of course inseparable from the resumption of negotiations between the UK and Beijing, and also has a lot to do with the regulation of the Hong Kong Governor's Office.

After the foreign exchange market closed at noon on October 15, 1983 (Saturday), the British Hong Kong government announced two measures: first, to abolish the interest tax on Hong Kong dollar deposits, the purpose of which is to enhance the attractiveness of Hong Kong dollar deposits; second, to change the issuance mechanism of Hong Kong banknotes , the floating exchange rate system was abolished, and since October 17, 1983, a linked exchange rate system pegged to the US dollar was implemented, and the official exchange rate of the Hong Kong dollar against the US dollar was fixed at 7.8:1.

And this represents the end of the entire Hong Kong dollar crisis. Of course, most people in Hong Kong are still skeptical about the exchange rate and still hold some U.S. banknotes for emergencies, which has become a habit of Hong Kong people.

A few days after the implementation of the linked exchange rate system, the exchange rate of the Hong Kong dollar against the US dollar quickly returned to around 7.8:1, marking the successful establishment of the linked exchange rate system in Hong Kong.

And because of the stability of the linked exchange rate system, some residents who left Xiangjiang before began to return.

After all, their hometown is here, and even if they want to leave, they need to take care of other things.

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Chapter end