Chapter 670: [The panic strikes! 】
If audio player doesn't work, press Stop then Play button again
Chapter 670【Panic is coming! 】
Everbright Building, meeting room;
Wu Guangyao and Andri, Lei Hong and others are discussing how to deal with the issue of Hang Lung Bank;
To be honest, Hang Lung Bank’s business does not have much reinforcement for China Everbright Bank.
What’s more, after the run, Hang Lung Bank’s credibility has been greatly damaged;
At the same time, Hang Lung Bank has also lost more than 40% of its depositors. Not only will these depositors not deposit their money again;
I even hate Hang Lung Bank and put the responsibility of losing interest on Hang Lung Bank.
will also complain about why Everbright Bank did not make the acquisition early, and I am afraid that it will also hate it.
This wave of Hang Lung Bank saved almost HK$30 million in interest expenses, but its vitality was greatly hurt.
Wu Guangyao asked: "Is it possible to turn losses into profits within 3 years after injecting 300 million Hong Kong dollars?"
A lot of people are afraid to pack their tickets. After all, the market is too bad, and there is no fixed number when they will come out.
Lei Hong said: "It shouldn't be a problem for Hang Lung Bank to turn losses into profits within three years; but the premise is that some of Hang Lung Bank's non-banking businesses are packaged and sold to brother companies. Pure banking business is still relatively easy to turn losses into profits. of."
In the banking crisis in Hong Kong, banks investing in non-banking businesses and causing losses are a big incentive;
Hang Lung Bank is no exception. The investment in real estate projects not only produces a loss, but also has a large cash flow.
Wu Guangyao said: “Well, all non-banking businesses are sold! Three years later, the profitable Hang Lung Bank will be merged into Everbright Bank. We don’t need too many subsidiary banks.”
In fact, as far as Wu Guangyao knows, Hang Lung Bank is relatively easy to turn losses into profits;
Because in the previous life, Hang Lung Bank eventually recovered 400 million Hong Kong dollars in bad debts, accounting for more than 50% of the entire Hang Lung Bank’s bad debts;
Those who owe these bad debts, as long as they are still engaged in business activities, whether in Southeast Asia or Europe and the United States, they can collect the debts;
In the end, these people will still pay off part of them.
Furthermore, if Wu Guangyao does not care about ‘inducing wolves into the house’, he can completely sell Hang Lung Bank to overseas banks after operating it, so that he will not lose money;
Of course, Wu Guangyao would rather lose money than take the initiative to ‘lead wolves into the house’.
Finally, Wu Guangyao said: "In the next two to three years, you and my family office will cooperate on one thing, and that is to prepare for the listing of China Everbright Bank. Before China Everbright Bank goes public, we must first cross over with its subsidiaries. You are more professional than me in the operation of holding shares and what to do in detail."
Everyone nodded. The listing of China Everbright Bank is an exciting thing, and it also indicates that China Everbright Bank can flex its muscles in the future.
And Wu Guangyao's listing of China Everbright Bank also has his own considerations: It is also time for Hong Kong Island to form a consortium model.
The general trend of history will not change too much because of personal intervention;
Wu Guangyao, who is familiar with history, knows that the loss of the Hong Kong Island crisis is not the failure of many companies, but the outflow of talents and capital.
In September 1982, Mrs. Dai Zhuoer (Thatcher) fell in the capital, which broke the confidence of the people of Hong Kong Island;
Since then, there has been a wave of immigrants in Hong Kong, and immigrants have swept away with funds;
The exchange rate of the Hong Kong dollar has naturally fallen sharply, and Hong Kong people have dumped the Hong Kong dollar for foreign currency.
Those who can emigrate overseas are nothing more than rich people and skilled jobs;
These two kinds of people are undoubtedly good fortune in overseas immigration countries. Some countries have come to grab people and put forward various superior policies.
Among these, three countries are particularly active, namely Canada, Australia, and the United States;
The three countries are the most active in Canada;
Canada is vast and sparsely populated, with a land area larger than China, but a population of only 27 million; Canada has always been open to people from rich countries and regions (emphasizing ‘rich’);
In 1967, Canada tasted the sweetness of absorbing Hong Kong Island immigrants with assets or expertise. At the beginning of this crisis, Canada began to intervene when the people of Hong Kong Island were in panic, strengthening the power of consulates in Hong Kong, and Canadian provinces set up in Central Hong Kong. The office, attracting businessmen from Hong Kong Island to invest in their provinces, and consulting professionals who want to go to Canada for development. Various measures show that Canada is the most determined.
The second most positive is Australia. However, Australia has been a bit anti-Chinese in recent years and has some worries about Hong Kong immigrants. Moreover, although Australia is more active than the United States, it is still inferior to the conditions set by Canada.
As for the United States, it is still Uncle Sam’s master style. It is known as the world’s No. 1 political and economic power. It does not worry about lack of funds and talents to flow into the United States; therefore, in this immigration, the United States only slightly relaxed the immigration quota.
External temptation, internal crisis, taking care of some people who are eligible to immigrate, they start to think about immigration;
If you want to immigrate, you must first sell Hong Kong’s assets and exchange Hong Kong dollars into foreign currencies.
From 1974 to 1978, the exchange rate of Hong Kong dollar to US dollar has been stable at 4.5:1;
79 years later, the Hong Kong dollar began to depreciate slowly. By 1982, the Hong Kong dollar against the US dollar had become 5.2:1;
But the whole process of devaluation is very slow, even if it is a foreign trade business, it is not obvious to this change.
And this time, the people frantically dumped Hong Kong dollars and exchanged them for foreign currencies, which caused the Hong Kong government’s foreign exchange reserves to drop rapidly;
Subsequently, the Hong Kong government issued a new law, and large-scale exchange of US dollars must have sufficient reasons and be approved by the Hong Kong government.
This regulation shows that the above has solved the problem, but there are policies on the top and countermeasures on the bottom. Countless scalpers have begun to take advantage of the loopholes in the law to arrange ordinary people to go to the bank to exchange the maximum foreign exchange limit allowed by the law. Immigrants.
Although the Hong Kong government is also aware of this, in order to maintain the status of Xiangjiang, an internationally recognized "free trade zone", it is only severely cracking down on scalper intermediaries, but the effect is not good. Therefore, foreign exchange reserves continue to decline.
Finally, a large number of Hong Kong dollars were converted and the exchange rate dropped sharply, which in turn caused huge losses for ordinary people in Hong Kong, so these people joined in and began to lure the wool of the Hong Kong government.
Hangkang’s internal foreign exchange is handled by HSBC, but HSBC is also half of the central bank. This type of business will also be contracted to other banks, and the foreign exchange will drop sharply, which has caused some banks to be short of dollars;
Finally, many banks began to suspend the exchange of U.S. dollars. After all, they are not a ‘central bank’.
One bank announced the suspension of USD exchange. People were worried that other banks would follow the same policy announced later, so they were more active in going to other banks to exchange USD. This caused banks that were not nervous about foreign exchange exchanges to immediately become nervous.
Finally, under the run, these banks also stopped the US dollar exchange business.
Those who ran to exchange dollars, their initial worries were realized by themselves.
Panic is a thing that will spread quickly;
On the black market, the U.S. dollar is becoming more and more valuable, and the Hong Kong dollar is depreciating more and more;
As a result, some shops began to list prices in U.S. dollars and refused to accept Hong Kong dollars;
There is also a rush to buy goods in the market. People are worried that the Hong Kong dollar in their hands will become worthless, so many large supermarkets are almost emptied.
Wu Guangyao has a lot of U.S. dollars in his hands, but he dare not let go of the exchange now, because this is obviously a loss;
At this time, the exchange rate between the Hong Kong dollar and the US dollar has fallen to 6.8:1, but it is far from the lowest;
In September, the exchange rate almost fell below 10;
Even if the Hong Kong government finally stabilizes the exchange rate, it will be 7.8;
If the exchange is released now, Wu Guangyao will lose a lot of wealth in vain;
I support the market because I have calculated that I will not lose money:
For example, investing in commercial real estate, long-term investment is definitely a big profit;
For example, if you increase your own company’s shares, you can also say that you are buying bottoms after all;
But if you exchange your U.S. dollars for others, it is obviously a losing business;
As a businessman, you can do some charity, but you will not do a loss-making business.
Therefore, in the early and mid-stage of the Hong Kong dollar storm, Wu Guangyao did not intend to contribute his own strength at all;
On the contrary, because everyone thinks that the Hong Kong dollar is not worth money, in addition to foreign currency exchange, a large amount of materials are also stored;
Wu Guangyao welcomes this behavior with his hands!
Because of the retail industry on Hong Kong Island, the Wu family monopolizes more than 70%;
The more you buy, the more you waste in the end, the more you make in your retail business.
Because of knowing the history, Wu Guangyao ordered his retail stores to prepare a large amount of materials;
In addition, a large amount of channel supply has been increased in the Mainland, Japan, Southeast Asia and other places;
So, Wu Guangyao is the happiest citizen hoarding supplies!
Of course, with Wu Guangyao’s net worth and status, he will not make a fortune. Maintaining prices is basic.
(End of this chapter)
Please report us if you find any errors so we can fix it asap!
Chapter 670【Panic is coming! 】
Everbright Building, meeting room;
Wu Guangyao and Andri, Lei Hong and others are discussing how to deal with the issue of Hang Lung Bank;
To be honest, Hang Lung Bank’s business does not have much reinforcement for China Everbright Bank.
What’s more, after the run, Hang Lung Bank’s credibility has been greatly damaged;
At the same time, Hang Lung Bank has also lost more than 40% of its depositors. Not only will these depositors not deposit their money again;
I even hate Hang Lung Bank and put the responsibility of losing interest on Hang Lung Bank.
will also complain about why Everbright Bank did not make the acquisition early, and I am afraid that it will also hate it.
This wave of Hang Lung Bank saved almost HK$30 million in interest expenses, but its vitality was greatly hurt.
Wu Guangyao asked: "Is it possible to turn losses into profits within 3 years after injecting 300 million Hong Kong dollars?"
A lot of people are afraid to pack their tickets. After all, the market is too bad, and there is no fixed number when they will come out.
Lei Hong said: "It shouldn't be a problem for Hang Lung Bank to turn losses into profits within three years; but the premise is that some of Hang Lung Bank's non-banking businesses are packaged and sold to brother companies. Pure banking business is still relatively easy to turn losses into profits. of."
In the banking crisis in Hong Kong, banks investing in non-banking businesses and causing losses are a big incentive;
Hang Lung Bank is no exception. The investment in real estate projects not only produces a loss, but also has a large cash flow.
Wu Guangyao said: “Well, all non-banking businesses are sold! Three years later, the profitable Hang Lung Bank will be merged into Everbright Bank. We don’t need too many subsidiary banks.”
In fact, as far as Wu Guangyao knows, Hang Lung Bank is relatively easy to turn losses into profits;
Because in the previous life, Hang Lung Bank eventually recovered 400 million Hong Kong dollars in bad debts, accounting for more than 50% of the entire Hang Lung Bank’s bad debts;
Those who owe these bad debts, as long as they are still engaged in business activities, whether in Southeast Asia or Europe and the United States, they can collect the debts;
In the end, these people will still pay off part of them.
Furthermore, if Wu Guangyao does not care about ‘inducing wolves into the house’, he can completely sell Hang Lung Bank to overseas banks after operating it, so that he will not lose money;
Of course, Wu Guangyao would rather lose money than take the initiative to ‘lead wolves into the house’.
Finally, Wu Guangyao said: "In the next two to three years, you and my family office will cooperate on one thing, and that is to prepare for the listing of China Everbright Bank. Before China Everbright Bank goes public, we must first cross over with its subsidiaries. You are more professional than me in the operation of holding shares and what to do in detail."
Everyone nodded. The listing of China Everbright Bank is an exciting thing, and it also indicates that China Everbright Bank can flex its muscles in the future.
And Wu Guangyao's listing of China Everbright Bank also has his own considerations: It is also time for Hong Kong Island to form a consortium model.
The general trend of history will not change too much because of personal intervention;
Wu Guangyao, who is familiar with history, knows that the loss of the Hong Kong Island crisis is not the failure of many companies, but the outflow of talents and capital.
In September 1982, Mrs. Dai Zhuoer (Thatcher) fell in the capital, which broke the confidence of the people of Hong Kong Island;
Since then, there has been a wave of immigrants in Hong Kong, and immigrants have swept away with funds;
The exchange rate of the Hong Kong dollar has naturally fallen sharply, and Hong Kong people have dumped the Hong Kong dollar for foreign currency.
Those who can emigrate overseas are nothing more than rich people and skilled jobs;
These two kinds of people are undoubtedly good fortune in overseas immigration countries. Some countries have come to grab people and put forward various superior policies.
Among these, three countries are particularly active, namely Canada, Australia, and the United States;
The three countries are the most active in Canada;
Canada is vast and sparsely populated, with a land area larger than China, but a population of only 27 million; Canada has always been open to people from rich countries and regions (emphasizing ‘rich’);
In 1967, Canada tasted the sweetness of absorbing Hong Kong Island immigrants with assets or expertise. At the beginning of this crisis, Canada began to intervene when the people of Hong Kong Island were in panic, strengthening the power of consulates in Hong Kong, and Canadian provinces set up in Central Hong Kong. The office, attracting businessmen from Hong Kong Island to invest in their provinces, and consulting professionals who want to go to Canada for development. Various measures show that Canada is the most determined.
The second most positive is Australia. However, Australia has been a bit anti-Chinese in recent years and has some worries about Hong Kong immigrants. Moreover, although Australia is more active than the United States, it is still inferior to the conditions set by Canada.
As for the United States, it is still Uncle Sam’s master style. It is known as the world’s No. 1 political and economic power. It does not worry about lack of funds and talents to flow into the United States; therefore, in this immigration, the United States only slightly relaxed the immigration quota.
External temptation, internal crisis, taking care of some people who are eligible to immigrate, they start to think about immigration;
If you want to immigrate, you must first sell Hong Kong’s assets and exchange Hong Kong dollars into foreign currencies.
From 1974 to 1978, the exchange rate of Hong Kong dollar to US dollar has been stable at 4.5:1;
79 years later, the Hong Kong dollar began to depreciate slowly. By 1982, the Hong Kong dollar against the US dollar had become 5.2:1;
But the whole process of devaluation is very slow, even if it is a foreign trade business, it is not obvious to this change.
And this time, the people frantically dumped Hong Kong dollars and exchanged them for foreign currencies, which caused the Hong Kong government’s foreign exchange reserves to drop rapidly;
Subsequently, the Hong Kong government issued a new law, and large-scale exchange of US dollars must have sufficient reasons and be approved by the Hong Kong government.
This regulation shows that the above has solved the problem, but there are policies on the top and countermeasures on the bottom. Countless scalpers have begun to take advantage of the loopholes in the law to arrange ordinary people to go to the bank to exchange the maximum foreign exchange limit allowed by the law. Immigrants.
Although the Hong Kong government is also aware of this, in order to maintain the status of Xiangjiang, an internationally recognized "free trade zone", it is only severely cracking down on scalper intermediaries, but the effect is not good. Therefore, foreign exchange reserves continue to decline.
Finally, a large number of Hong Kong dollars were converted and the exchange rate dropped sharply, which in turn caused huge losses for ordinary people in Hong Kong, so these people joined in and began to lure the wool of the Hong Kong government.
Hangkang’s internal foreign exchange is handled by HSBC, but HSBC is also half of the central bank. This type of business will also be contracted to other banks, and the foreign exchange will drop sharply, which has caused some banks to be short of dollars;
Finally, many banks began to suspend the exchange of U.S. dollars. After all, they are not a ‘central bank’.
One bank announced the suspension of USD exchange. People were worried that other banks would follow the same policy announced later, so they were more active in going to other banks to exchange USD. This caused banks that were not nervous about foreign exchange exchanges to immediately become nervous.
Finally, under the run, these banks also stopped the US dollar exchange business.
Those who ran to exchange dollars, their initial worries were realized by themselves.
Panic is a thing that will spread quickly;
On the black market, the U.S. dollar is becoming more and more valuable, and the Hong Kong dollar is depreciating more and more;
As a result, some shops began to list prices in U.S. dollars and refused to accept Hong Kong dollars;
There is also a rush to buy goods in the market. People are worried that the Hong Kong dollar in their hands will become worthless, so many large supermarkets are almost emptied.
Wu Guangyao has a lot of U.S. dollars in his hands, but he dare not let go of the exchange now, because this is obviously a loss;
At this time, the exchange rate between the Hong Kong dollar and the US dollar has fallen to 6.8:1, but it is far from the lowest;
In September, the exchange rate almost fell below 10;
Even if the Hong Kong government finally stabilizes the exchange rate, it will be 7.8;
If the exchange is released now, Wu Guangyao will lose a lot of wealth in vain;
I support the market because I have calculated that I will not lose money:
For example, investing in commercial real estate, long-term investment is definitely a big profit;
For example, if you increase your own company’s shares, you can also say that you are buying bottoms after all;
But if you exchange your U.S. dollars for others, it is obviously a losing business;
As a businessman, you can do some charity, but you will not do a loss-making business.
Therefore, in the early and mid-stage of the Hong Kong dollar storm, Wu Guangyao did not intend to contribute his own strength at all;
On the contrary, because everyone thinks that the Hong Kong dollar is not worth money, in addition to foreign currency exchange, a large amount of materials are also stored;
Wu Guangyao welcomes this behavior with his hands!
Because of the retail industry on Hong Kong Island, the Wu family monopolizes more than 70%;
The more you buy, the more you waste in the end, the more you make in your retail business.
Because of knowing the history, Wu Guangyao ordered his retail stores to prepare a large amount of materials;
In addition, a large amount of channel supply has been increased in the Mainland, Japan, Southeast Asia and other places;
So, Wu Guangyao is the happiest citizen hoarding supplies!
Of course, with Wu Guangyao’s net worth and status, he will not make a fortune. Maintaining prices is basic.
(End of this chapter)
Chapter 670Panic is coming! Everbright Building, meeting room;Wu Guangyao and Andri, Lei Hong and others are discussing how to deal with the issue of Hang Lung Bank;To be honest, Hang Lung Bank's business does not have much reinforcement for China Everbright Bank.What's more, after the run, Hang Lung Bank's credibility has been greatly damaged;At the same time, Hang Lung Bank has also lost more than 40% of its depositors. Not only will these depositors not deposit their money again;I even hate Hang Lung Bank and put the responsibility of losing interest on Hang Lung Bank.will also complain about why Everbright Bank did not make the acquisition early, and I am afraid that it will also hate it.This wave of Hang Lung Bank saved almost HK$30 million in interest expenses, but its vitality was greatly hurt.Wu Guangyao asked: "Is it possible to turn losses into profits within 3 years after injecting 300 million Hong Kong dollars?"A lot of people are afraid to pack their tickets. After all, the market is too bad, and there is no fixed number when they will come out.Lei Hong said: "It shouldn't be a problem for Hang Lung Bank to turn losses into profits within three years; but the premise is that some of Hang Lung Bank's non-banking businesses are packaged and sold to brother companies. Pure banking business is still relatively easy to turn losses into profits. of."In the banking crisis in Hong Kong, banks investing in non-banking businesses and causing losses are a big incentive;Hang Lung Bank is no exception. The investment in real estate projects not only produces a loss, but also has a large cash flow.Wu Guangyao said: Well, all non-banking businesses are sold! Three years later, the profitable Hang Lung Bank will be merged into Everbright Bank. We don't need too many subsidiary banks.In fact, as far as Wu Guangyao knows, Hang Lung Bank is relatively easy to turn losses into profits;Because in the previous life, Hang Lung Bank eventually recovered 400 million Hong Kong dollars in bad debts, accounting for more than 50% of the entire Hang Lung Bank's bad debts;Those who owe these bad debts, as long as they are still engaged in business activities, whether in Southeast Asia or Europe and the United States, they can collect the debts;In the end, these people will still pay off part of them.Furthermore, if Wu Guangyao does not care about inducing wolves into the house', he can completely sell Hang Lung Bank to overseas banks after operating it, so that he will not lose money;Of course, Wu Guangyao would rather lose money than take the initiative to lead wolves into the house'.Finally, Wu Guangyao said: "In the next two to three years, you and my family office will cooperate on one thing, and that is to prepare for the listing of China Everbright Bank. Before China Everbright Bank goes public, we must first cross over with its subsidiaries. You are more professional than me in the operation of holding shares and what to do in detail."Everyone nodded. The listing of China Everbright Bank is an exciting thing, and it also indicates that China Everbright Bank can flex its muscles in the future.And Wu Guangyao's listing of China Everbright Bank also has his own considerations: It is also time for Hong Kong Island to form a consortium model.The general trend of history will not change too much because of personal intervention;Wu Guangyao, who is familiar with history, knows that the loss of the Hong Kong Island crisis is not the failure of many companies, but the outflow of talents and capital.In September 1982, Mrs. Dai Zhuoer Thatcher fell in the capital, which broke the confidence of the people of Hong Kong Island;Since then, there has been a wave of immigrants in Hong Kong, and immigrants have swept away with funds;The exchange rate of the Hong Kong dollar has naturally fallen sharply, and Hong Kong people have dumped the Hong Kong dollar for foreign currency.Those who can emigrate overseas are nothing more than rich people and skilled jobs;These two kinds of people are undoubtedly good fortune in overseas immigration countries. Some countries have come to grab people and put forward various superior policies.Among these, three countries are particularly active, namely Canada, Australia, and the United States;The three countries are the most active in Canada;Canada is vast and sparsely populated, with a land area larger than China, but a population of only 27 million; Canada has always been open to people from rich countries and regions emphasizing rich';In 1967, Canada tasted the sweetness of absorbing Hong Kong Island immigrants with assets or expertise. At the beginning of this crisis, Canada began to intervene when the people of Hong Kong Island were in panic, strengthening the power of consulates in Hong Kong, and Canadian provinces set up in Central Hong Kong. The office, attracting businessmen from Hong Kong Island to invest in their provinces, and consulting professionals who want to go to Canada for development. Various measures show that Canada is the most determined.The second most positive is Australia. However, Australia has been a bit anti-Chinese in recent years and has some worries about Hong Kong immigrants. Moreover, although Australia is more active than the United States, it is still inferior to the conditions set by Canada.As for the United States, it is still Uncle Sam's master style. It is known as the world's No. 1 political and economic power. It does not worry about lack of funds and talents to flow into the United States; therefore, in this immigration, the United States only slightly relaxed the immigration quota.External temptation, internal crisis, taking care of some people who are eligible to immigrate, they start to think about immigration;If you want to immigrate, you must first sell Hong Kong's assets and exchange Hong Kong dollars into foreign currencies.From 1974 to 1978, the exchange rate of Hong Kong dollar to US dollar has been stable at 4.5:1;79 years later, the Hong Kong dollar began to depreciate slowly. By 1982, the Hong Kong dollar against the US dollar had become 5.2:1;But the whole process of devaluation is very slow, even if it is a foreign trade business, it is not obvious to this change.And this time, the people frantically dumped Hong Kong dollars and exchanged them for foreign currencies, which caused the Hong Kong government's foreign exchange reserves to drop rapidly;Subsequently, the Hong Kong government issued a new law, and large-scale exchange of US dollars must have sufficient reasons and be approved by the Hong Kong government.This regulation shows that the above has solved the problem, but there are policies on the top and countermeasures on the bottom. Countless scalpers have begun to take advantage of the loopholes in the law to arrange ordinary people to go to the bank to exchange the maximum foreign exchange limit allowed by the law. Immigrants.Although the Hong Kong government is also aware of this, in order to maintain the status of Xiangjiang, an internationally recognized "free trade zone", it is only severely cracking down on scalper intermediaries, but the effect is not good. Therefore, foreign exchange reserves continue to decline.Finally, a large number of Hong Kong dollars were converted and the exchange rate dropped sharply, which in turn caused huge losses for ordinary people in Hong Kong, so these people joined in and began to lure the wool of the Hong Kong government.Hangkang's internal foreign exchange is handled by HSBC, but HSBC is also half of the central bank. This type of business will also be contracted to other banks, and the foreign exchange will drop sharply, which has caused some banks to be short of dollars;Finally, many banks began to suspend the exchange of U.S. dollars. After all, they are not a central bank'.One bank announced the suspension of USD exchange. People were worried that other banks would follow the same policy announced later, so they were more active in going to other banks to exchange USD. This caused banks that were not nervous about foreign exchange exchanges to immediately become nervous.Finally, under the run, these banks also stopped the US dollar exchange business.Those who ran to exchange dollars, their initial worries were realized by themselves.Panic is a thing that will spread quickly;On the black market, the U.S. dollar is becoming more and more valuable, and the Hong Kong dollar is depreciating more and more;As a result, some shops began to list prices in U.S. dollars and refused to accept Hong Kong dollars;There is also a rush to buy goods in the market. People are worried that the Hong Kong dollar in their hands will become worthless, so many large supermarkets are almost emptied.Wu Guangyao has a lot of U.S. dollars in his hands, but he dare not let go of the exchange now, because this is obviously a loss;At this time, the exchange rate between the Hong Kong dollar and the US dollar has fallen to 6.8:1, but it is far from the lowest;In September, the exchange rate almost fell below 10;Even if the Hong Kong government finally stabilizes the exchange rate, it will be 7.8;If the exchange is released now, Wu Guangyao will lose a lot of wealth in vain;I support the market because I have calculated that I will not lose money:For example, investing in commercial real estate, long-term investment is definitely a big profit;For example, if you increase your own company's shares, you can also say that you are buying bottoms after all;But if you exchange your U.S. dollars for others, it is obviously a losing business;As a businessman, you can do some charity, but you will not do a loss-making business.Therefore, in the early and mid-stage of the Hong Kong dollar storm, Wu Guangyao did not intend to contribute his own strength at all;On the contrary, because everyone thinks that the Hong Kong dollar is not worth money, in addition to foreign currency exchange, a large amount of materials are also stored;Wu Guangyao welcomes this behavior with his hands!Because of the retail industry on Hong Kong Island, the Wu family monopolizes more than 70%;The more you buy, the more you waste in the end, the more you make in your retail business.Because of knowing the history, Wu Guangyao ordered his retail stores to prepare a large amount of materials;In addition, a large amount of channel supply has been increased in the Mainland, Japan, Southeast Asia and other places;So, Wu Guangyao is the happiest citizen hoarding supplies!Of course, with Wu Guangyao's net worth and status, he will not make a fortune. Maintaining prices is basic.End of this chapter
