LATEST UPDATES

Published at 25th of December 2023 05:06:38 AM


Chapter 672: [Hong Kong dollar crisis]

If audio player doesn't work, press Stop then Play button again








Chapter 672【Hong Kong Dollar Crisis】

The Hong Kong dollar crisis is getting more and more serious. The depreciation of the Hong Kong dollar cannot fully summarize the crisis. In some places, even the rejection of the Hong Kong dollar is the most serious;

Fortunately, the Hong Kong government deployed police forces to penalize merchants who refused to accept Hong Kong dollars;

But the more this is the case, the more panic the market will be. In some places, barter-for-goods transactions even appear, which stuns everyone immediately.

July 24th, Xing Qing six.

The "Hong Kong dollar crisis" broke out completely, and market rumors spread, and rumors will replace the Hong Kong dollar with the mainland currency, and the Hong Kong dollar has slumped;

At the same time, the Hong Kong dollar crisis triggered a panic buying wave, with citizens rushing to supermarkets to buy daily necessities such as rice and oil;

Even Wu Guangyao had ordered its retailers to be fully prepared, but they were robbed by crazy citizens;

In Baijia supermarkets, some customers even fought each other, competing for oil, carts, and rice. It’s so lively.

Seeing that things are quickly developing out of control, the Hong Kong Government finally reacted. If no strong measures are implemented, Hong Kong Island’s economy may really be in collapse!

Although behind the Hong Kong dollar crisis, there is a high probability that there will be British people, after all, they also want to use this to threaten the mainland as a condition for negotiations;

However, once a failure is out of control, it will have the greatest impact on the United Kingdom. The international community will condemn the United Kingdom, which will seriously affect the reputation of the United Kingdom;

After all, Hong Kong Island at this time was still under British rule.

is not only condemned by international public opinion, but also has an impact on the British economy. After all, there are a lot of British enterprises in Hong Kong;

It can be said that the local economy of the UK will be affected!

Hong Kong Governor Youde saw that he lost control of his state, and he quickly called a group of bank leaders, and even the British Foreign Minister arrived in Hong Kong to discuss the matter.

"Mr. Wu, please come inside!" The Hong Kong government staff respectfully invited.

Wu Guangyao is also a participant in this meeting. He is not the head of the bank, but can only be said to be at the same level as the British Foreign Minister.

When we arrived in the meeting room, we entered the theme after a simple greeting.

Youde first said: "Mr. Wu, do you have a lot of foreign exchange?"

Wu Guangyao nodded, without concealing it.

Youde continued: "Can you lend it to the Hong Kong government first? We can borrow US dollars to pay back US dollars!"

Wu Guangyao said with a smile: "We have to discuss the plan first, and then discuss the matter of borrowing foreign exchange!"

Britain’s Undersecretary for Foreign Affairs, Charlie said: “Yes, we should discuss the specific plan first, and then discuss other things.”

At this time, Wu Guangyao's identity has undergone tremendous changes. The British even believe that if Wu Guangyao fully stands on the side of the mainland, Britain will be very passive-because of public opinion and public opinion.

According to the truth, when discussing the exchange rate of the Hong Kong dollar, merchants like Wu Guangyao should be avoided because they can profit from it;

But at this time, the Wu family controls the major banks such as Standard Chartered, Hang Seng, and China Everbright. These banks know the exchange rate, but Wu Guangyao will not know it.

Therefore, the Hong Kong government decided to invite Wu Guangyao to come in for the discussion, and is also willing to believe that Wu Guangyao will not make the difference.

During the    period, Wu Guangyao interjected: “The sooner the exchange rate is stabilized, the more the influence of this storm can be minimized. Once the exchange rate of the US dollar against the Hong Kong dollar breaks through 9, then it will be a catastrophe.”

Wu Guangyao's words still played a big role, and everyone agreed.

Finally, the meeting decided to set the exchange rate between the Hong Kong dollar and the US dollar at 7.2:1, which surprised Wu Guangyao;

Think about it and be relieved that the situation in Hong Kong in this world is better than in the previous life, and the economy is also more developed than in the previous life;

The reason why this situation broke out this time is nothing more than that panic is contagious.

But this kind of panic is also easy to resolve. As long as the government intervenes early, it will quickly disperse.

Therefore, the Hong Kong government’s behavior before the 1980s has always been criticized;

In the past, there were bank runs in Hong Kong, and the Hong Kong government always let it go. Eventually, a big problem occurred and it was slow to intervene.

Of course, the Hong Kong government also has supporters, and these supporters say that ‘Hong Kong is the pioneer of a free economy in the world’, and what they pay attention to is economic freedom, and the government should not interfere.

But economic freedom is also limited. Otherwise, why did the Hong Kong Government implement a series of reforms in the 1980s?

In the meeting, Youde did not continue to discuss the matter of borrowing foreign exchange from Wu Guangyao, because after the meeting Youde and Charlie invited Wu Guangyao to the office to talk privately.

"Mr. Wu, how many dollars can you give out?"

"How much dollars does the Hong Kong government need?"

Wu Guangyao’s words are not generous, but probing!

Youde said: "Does 2 billion dollars have it?"

US$2 billion is sprinkling water for Wu Guangyao. Knowing that something is going to happen on Hong Kong Island, Wu Guangyao has a full reserve of US$5 billion in foreign exchange on Hong Kong Island.

This money was originally intended to be manipulated during the Hong Kong dollar crisis, assuming that the Hong Kong government did not invite itself to this meeting.

But now, it is obviously not suitable to go to the market to exchange foreign exchange.

Wu Guangyao nodded and said, "No problem!"

No requirements were mentioned, but Wu Guangyao knew that the Hong Kong government would definitely take care of his own company afterwards, otherwise Wu Guangyao would have to settle the accounts after the fall;

Wu Guangyao’s plan is to get the biggest discount on land premiums.

Charlie smiled and said, "Mr. Wu is so refreshing!"

Wu Guangyao responded: "Hong Kong is my home, and I naturally have an unshirkable responsibility. In fact, I also want to say something to both of you. No matter how the Sino-British negotiations develop, the stability of Hong Kong Island should be the shared responsibility of both sides. Hong Kong Island’s economy It can also affect the British mainland. There are also many British people investing in Hong Kong. A good environment is obviously in everyone's interests.

Assuming that the United Kingdom has really withdrawn from Hong Kong, the United Kingdom can also think about it. If the United Kingdom does a good job, will Hong Kong businessmen invest more in the United Kingdom in the future? "

Although he did not explicitly mention the British man’s small actions this time, he also warned these British people.

Charlie said: "Mr. Wu is right. Under British governance, there will be no chaos in Hong Kong. Please also Mr. Wu to let everyone rest assured."

Well, it's not chaotic now!

In a villa on South Bay Road in Repulse Bay, Wu Guangyao is lying on a chair with sunglasses;

looked at it, it was like a borderless swimming pool, connected to the sea;

This is not the point, the point is that there are two mermaids in the pool.

Lin Qingxia exposed her head from the water, flicked her hair backwards, so that a beauty can get out of the bath;

"Are you coming down quickly?"

Wu Guangyao remained unmoved, and continued to recline on the chair, looking quite enjoyable.

Upon seeing Zhao Yazhi, he plunged into the water and swam towards Wu Guangyao.

In an instant, another beauty came out of the bath, slowly walking up the stairs step by step.

Fragrant shoulders, bobo, willow waist, long legs, slowly appearing.

"Swim together, otherwise it would be more meaningless!"

Looking at the expectant expressions of the two women, Wu Guangyao stood up, exuding his temperament, and stretched out his fingers towards the distant sea;

"Only the sea is my battlefield!"

Bold words and lofty aspirations, exuding temperament, according to the truth, there should be applause and exclamation.

"Then let's go to sea to play!" Zhao Yazhi said uncooperatively.

Wu Guangyao's complexion froze, then quickly rushed to the pool and plunged into the water.

Lin Qingxia laughed in the swimming pool, quite unscrupulous, so that her chest was trembling.

Zhao Yazhi stupidly asked: "Is my answer funny?"

Lin Qingxia continued to smile, but she didn't answer, but was anxious about Zhao Yazhi.

The relationship between the two women can only be said to be acceptable. It was forcibly combined by Wu Guangyao to satisfy the interests of men;

On the relationship, it seems that it is still a competitive relationship.

Seeing that Lin Qingxia refused to answer herself, Zhao Yazhi became anxious, plunged into the water, and swam towards Wu Guangyao.

(End of this chapter)




Please report us if you find any errors so we can fix it asap!


COMMENTS