Reborn In Hong Kong: The Tycoon Grows Up - Chapter 544
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Chapter 544

The opening ceremony of Heiyun Bank has ended, but the crisis of confidence in the Hong Kong dollar has not been lifted. After all, the negotiation between Huaying is not very clear, and everyone is worried about the future of Heungkong.

Fortunately, this is only the opinion of a small number of people. In the opinion of most people, Bao Zixuan spent 20 billion US dollars in exchange for Hong Kong dollars, which to a certain extent enhanced the confidence of the people in Hong Kong. There is no need to exchange Hong Kong dollars in such a hurry. The bank that includes the richest man has a lot of foreign exchange to exchange, so it is not in a hurry.

The crisis of confidence in the Hong Kong dollar was not only affected by the negotiation between Huaying and Britain, but mainly because international financial speculators saw the opportunity and began to aggressively short the Hong Kong dollar, which to a certain extent aggravated the depreciation speed of the Hong Kong dollar.

The exchange rate between the US dollar and the Hong Kong dollar has risen from 1:4.2 at the beginning of the year to 1:5.1 at this stage. It can be said that the exchange rate against the US dollar has dropped by nearly 20 points in less than a year. This is still in the case of the depreciation of the US dollar. If the depreciation of the Hong Kong dollar has exceeded 25% in combination with other factors, it is equivalent to a quarter of the wealth of each Hong Kong citizen.

If not controlled, the exchange rate of the Hong Kong dollar will still fall. At the beginning of the year, the whole world knew that Britain had issued 5 billion pounds of war bonds in Hong Kong, which seriously reduced the foreign exchange reserves of the whole Hong Kong.

With the reduction of foreign exchange reserves and the deadlock in the Huaying negotiations, it is reasonable for international financial speculators to take advantage of the situation to short the Hong Kong dollar. It can be said that without the support of other families in Hong Kong, Bao Zixuan is equivalent to fighting against international hot money alone. Even if he wins, he will suffer heavy losses.

Dong Haoyun was the master of what he said and did. After counting the money at home, he directly deposited it into Heiyun Bank. Although it is dominated by the Japanese yen, people with discernment know that the yen will appreciate in the future. Now the yen is very popular in the international market.

Bao Yugang also mobilized funds from banks in Europe and the United States and deposited them in Heiyun Bank. And all the US dollars deposited in HSBC were exchanged for Hong Kong dollars and re-deposited.

He is not guilty of both sides, and at the same time, he has completed the things that the old man explained. It can be said that he can achieve more with one stone; Everyone expressed their understanding. After all, the relationship between the charter king and HSBC is difficult to break up. As the first Chinese director of HSBC, it is impossible to support other banks without reservation. The interests involved are too deep.

Huo Yingdong also firmly supports that the Hong Kong dollar cannot be depreciated by a large margin, which is a serious blow to Hong Kong's economy. He took out the foreign exchange that could be mobilized at home and deposited it into Heiyun Bank, and converted all the foreign exchange into Hong Kong dollars before depositing it in the bank. It can be seen that Mr. Huo's attitude towards this matter is very firm.

Xiangjiang is such a big place, there is no secret at all. Seeing that Huo Yingdong and others are doing their best to maintain the credit of the Hong Kong dollar, if other rich people don't make a move, they will have no face in the future. Now the people and the media all over Hong Kong are paying attention to their words and deeds. Anyone who does not take out some foreign exchange to exchange Hong Kong dollars will definitely be labeled as rich and unkind in the future.

It can be said that all Hong Kong is recycling Hong Kong dollars at this time, causing a serious shortage of Hong Kong dollars in the market. There is no Hong Kong dollar spot in the international market. Heiyun Bank alone has more than 300 billion Hong Kong dollars in deposits. All Hong Kong is supporting Bao's richest man's actions to protect Hong Kong.

At this time, there was a middle-aged white man with a big head in the office of the president of Morgan Bank Hong Kong Branch in Hong Kong Central. Morgan Bank, which has been aggressively shorting the Hong Kong dollar in the foreign exchange futures market, is now due for futures delivery in less than a month.

He did not expect that there are very few large amounts of Hong Kong dollars in circulation in the market at this time. If the current situation develops, Morgan Bank will be short-selling. Not only do they face huge fines, but they also have to bear legal responsibilities.

International financial speculators headed by Morgan Bank did not expect that Hong Kong would actually collect Hong Kong dollars directly in the foreign exchange market, and then directly put the Hong Kong dollars in the safe and not use them. This wave of operations seems simple, but requires a lot of foreign exchange support.

No one thought that Bao Zixuan would dare to spend 20 billion US dollars in foreign exchange to repurchase Hong Kong dollars. His repurchase caused all major institutions in Hong Kong to repurchase. Even Huaxia Bank Hong Kong Branch has begun to use foreign exchange to repurchase Hong Kong dollars. Now Huaxia owns the huge tax support of Baohuodong Mining Company, which has alleviated the foreign exchange pressure to a certain extent.

The result of the joint efforts of several parties is that Morgan Bank has no Hong Kong dollars for delivery after the futures expire. The U.S. dollar can still be printed by themselves; they have no right to mint the Hong Kong dollar, and they will inevitably face legal proceedings for financial fraud after the futures contract expires.

The head of Morgan Bank Hong Kong knows that this loss is inevitable. Now the exchange rate between the US dollar and Hong Kong dollar has risen from 1:5.1 to 1:4.5, and is about to return to the level at the beginning of the year. And with the continuous reduction of the circulation of Hong Kong dollars in the market, the exchange rate is still rising.

At present, even if you have money, there is no way to exchange Hong Kong dollars. Morgan Bank has more than 100 billion Hong Kong dollars of futures index contracts. If the delivery cannot be reached when it expires, it can directly announce its withdrawal from the international financial market.

The person in charge of the Hong Kong branch of Morgan Bank went directly to Shen Bi's office of HSBC Bank after asking for instructions in China.

The person in charge of Morgan Bank Xiangjiang took out the information of American Ocean Millan Bank and handed it to Shen Bi. When Shen Bi saw the information submitted by Morgan, he said, "President Oakley, what do you mean?"

Shen Bi is worried that HSBC will be affected after the return of Hong Kong, so he has been seeking to expand outwards; HSBC, the American Ocean Millan Bank, has been coveted for a long time. If the acquisition can be successful, then the development of HSBC in the United States will be opened up. Now Morgan Bank directly sends the information of Ocean Milan Bank to itself, and the purpose of the other party is self-evident in light of the current situation in Xiangjiang.

The man in charge of Morgan Bank Hong Kong, called President Oakley, said: "If HSBC agrees to borrow 100 billion Hong Kong dollars from Morgan Bank, then HSBC's acquisition of Ocean Milan Bank will definitely be able to get the full help of Morgan Bank. Something the Morgan family can't do."

Shen Bi is also considering the conditions offered by the other party. Once they agree to borrow 100 billion Hong Kong dollars, the Morgan family will have more chips to short Hong Kong dollars. At that time, the probability of the devaluation of the Hong Kong dollar will be very high, and all this can be avoided originally.

But I don't agree with the dismantling of HSBC. It will be difficult to develop in the United States in the future; after all, you didn't help me at the critical moment, and it will make you feel better if you want to develop in my territory in the future.

At this time, Shen Bi was in a dilemma. One was that HSBC's goal of globalization was about to be realized, and the other was to betray the people of Hong Kong. Right now, it doesn't feel right to choose either side, and I feel very conflicted inside.

Shen Bi thought for a moment and said, "President Oakley; I need to think about this matter. 100 billion Hong Kong dollars is not a small amount. I don't know what guarantee your bank will use."

Hearing what to guarantee, Oakley knew that Shen Bi was already moved. Then things are half done. With the assistance of HSBC, the Hong Kong quasi-central bank, the chance of winning this time will be much higher.

Oakley quickly resumed: "Morgan Bank has a large amount of U.S. dollars that can be used as a guarantee when dismantling Hong Kong dollars. That is to say, HSBC can directly confiscate the corresponding amount of U.S. dollars when we do not pay. In short, HSBC will not suffer any losses."

Hearing this, Shen Bi was a little tempted. No matter what, HSBC would not lose anything~www.mtlnovel.com~ But he also knew that if HSBC was not good, it would fall into a doomed situation. At this time, providing funds to short-selling Hong Kong dollar institutions is an act of financing the enemy, and it is a stab in the back of the people of Hong Kong.

After sending Oakley from Morgan Bank away, Shen Bi thought about how to make this happen. The dismantling of Hong Kong dollars with US dollar guarantees was popular in the past, but it is too sensitive at this time.

Everyone knows that the local capital of Hong Kong, led by Bao Zixuan, is buying back a large amount of Hong Kong dollars, which makes the short-sellers futures index contracts face the danger of not being able to pay. If they get through it because HSBC is providing the money, maybe even win.

In the future, HSBC's reputation in Hong Kong will be bad, and the Hong Kong government will impose administrative penalties on HSBC. But when he thought that HSBC could achieve internationalization in his own hands, a goal that HSBC had not achieved for generations, he was very moved.

This is a feat that can become famous, at least no one within HSBC can surpass him. Thinking of this, Shen Bi knew that he had to have a sure-fire strategy, even if things were exposed, he would have to take himself out.

At this time, Shen Bi wanted to be a bitch, and also wanted to build a chastity memorial for himself. After thinking about it, a person entered his field of vision, the scapegoat for the problem has been found, and the next step is the specific operation.