The Wealth Empire Crossing the Hong Kong

Chapter 317
In the meeting room of Citibank, representatives from all parties including Black, Elton, Dupont, Snynn, etc. were frowning, and the situation repeatedly exceeded their expectations.

The stock market is going up and down, and they have not reaped any benefits. The Hong Kong dollar foreign exchange is even worse. At present, the Hong Kong dollar has not only not depreciated, but has risen to 5.06.

If they do nothing, with the capital of Xiangjiang Local Finance and the capital of the Rose Consortium, the exchange rate between the Hong Kong dollar and the U.S. dollar will break through 5 soon.

As a result, institutions including DuPont, Morgan Stanley, and the Bank of Chicago will suffer heavy losses.

As Merrill Lynch, which mainly focuses on the stock market, although this action is not satisfactory, because it entered at a low point before, even if the stock market has plummeted these days, Merrill Lynch wasted some time and manpower, and did not lose much. So much so that its representative Elton is unwilling to continue to consume like this.

Seeing that everyone fell silent for a while, he said: "Everyone, I have to admit that we underestimated Xiangjiang's local capital. We lost this time. Continuing to consume like this will only make us lose more and more. If we want to suppress Xiangjiang economy and Xiangjiang capital, we can only wait for the next opportunity.”

DuPont, Morgan Stanley, Bank of Chicago and other forces are very unwilling. Compared with Merrill Lynch, Texas, Seattle and other forces in the stock market, their losses in the foreign exchange market are much greater. This is not only due to the appreciation of the Hong Kong dollar, but also borrowing Interest, if it is stopped like this, the minimum loss of each family is hundreds of millions of dollars.

But they had to admit Elton's words, because of the special nature of the Hong Kong dollar issuance, and the unity of the upper class of the Xiangjiang business community, it is very difficult for them to break through the defense line of the Hong Kong dollar exchange rate only by relying on external forces. After all, Hong Kong is the one that controls most of the wealth. The upper echelons of the business world.

Moreover, these business figures in Xiangjiang are still very appealing among ordinary citizens, especially Li Jianhui, Chartered Ship King and others, although the sudden news at the beginning made these citizens flustered.

But after these upper-level figures stood up and issued a call, many citizens of Xiangjiang calmed down and did not go to the bank to exchange foreign exchange. Especially the employees of these people were not affected by the news from England, and there was no change from usual.

As the young master of the DuPont family, Chris DuPont said angrily: "On a small island with only a few million people and the situation is unstable, we gathered the strength of more than a dozen families, and we are so proud of the financial war. Defeated, this is the biggest shame on Wall Street in decades, and we will be the laughing stock of the world's financial circles."

These words are very harsh. If it is okay to lose to Japan and Western Europe, but to lose to a small Xiangjiang, their names will be written on the pillar of shame.

After this operation is over, I believe that many people will be transferred from their current positions. After all, someone needs to be responsible for this failure.

Naturally, the people at the headquarters who command remotely will not be responsible for this kind of thing, and those who personally sit in Xiangjiang will be the best scapegoats.

They are a little better, the big deal is transfer, the worst thing is the young master of the DuPont family, this failure is likely to make him lose the DuPont family's inheritance rights, so they can understand Chris DuPont's resentment.

It's just that understanding is understanding, they can't continue this stalemate, as the elites in the financial world, they know that they must quit decisively when they can't do anything.

Unless a war breaks out now, they have no chance at all, but the current world situation, the possibility of war is almost zero, at least when the red Soviet Union still exists, the Western countries headed by the United States are absolutely unwilling to have trouble with the mainland stiff.

Morgan Stanley, president of Asian affairs, said in a deep voice: "This time we conceded defeat, and after the meeting, all parties retreated according to their own plans.

But everyone must remember this humiliation. When the next opportunity comes, we will take revenge today and destroy Xiangjiang's economy with a thunderbolt, causing the five major financial groups of Xiangjiang to fall into the abyss. "

Black, president of Citibank Greater China, also said that he would withdraw from this operation and wait for the opportunity to appear. Next time, he will let the five major consortiums of Hong Kong understand the power of world-class consortiums.

Representatives of the three consortiums of California, First Citigroup, and Morgan all said that they would admit defeat and retreat. Even if the others were unwilling, they could only agree to withdraw and wait for the next opportunity to seek revenge.

After the meeting, Chris DuPont returned to the financial company controlled by the DuPont family. No matter how unwilling he was, he could only order his staff to buy Hong Kong dollars from the foreign exchange market and return them.

At the same time, I wrote a five-page report on this operation in the office, focusing on the reasons for the failure of this operation and the threats from several major consortiums in Xiangjiang, especially the Donghua consortium headed by Li Jianhui, and the chartered ship king. Xianghua Consortium.

These two will be the biggest competitors of DuPont and its allies in the market of the ancient oriental country in the future, especially the Donghua Consortium, whose automobile industry and more recently intends to enter the chemical industry, which will form direct competition with DuPont.

In the report, General Motors was also urged to speed up contact with the mainland, and strive to enter the mainland market ahead of Yushi Group, Jaguar Group, and Volkswagen Group, so as to seize the opportunity.

In it, Chris DuPont described the responsibility for the failure of this operation very low, saying that this time it was not caused by his incompetence, but that all parties underestimated the strength of Xiangjiang's local finance, and he did not expect that the British Rose Consortium would cost Huge sums of money to help Xiangjiang Capital.

When the neon lights of Xiangjiang were flashing, in the offices of the presidents among the landmark buildings in many regions of the United States, wise old men looked at the telegram sent by Xiangjiang, and lifted the position of Xiangjiang forward again in their hearts. several steps.

Especially the Donghua Consortium and Li Jianhui described in it, although their strength is far from the standard of a world-class consortium, in some areas, they already have the strength to challenge these top consortiums.

More importantly, the speed of development of Li Jianhui and his allies is extremely astonishing. Although the ranking of the Hong Kong Economic News has some errors in the eyes of these bigwigs, Li Jianhui's personal wealth has doubled in a year.

You must know that this is not a rise from one dollar to two dollars, but an increase from [-] billion U.S. dollars to [-] billion U.S. dollars.

If this continues, within a few years, Li Jianhui's personal assets will exceed [-] billion, and the assets controlled by the Donghua Consortium will also exceed trillions, becoming a consortium at the same level as them in one fell swoop.

This period is not the era of the Internet bubble decades later, nor is it a company with a market value of tens of thousands of trillions of dollars at every turn.

At present, the measure of whether a world-class consortium has reached the standard is to see whether the assets of the consortium holding companies exceed one trillion US dollars.

There is still a big gap between the five Xiangjiang consortia and the Donghua consortium, but the Donghua consortium has shown the potential to become a world-class consortium. Even compared to the European and American consortia, the Donghua consortium may only become a commercial consortium, but its strength should not be underestimated.

(End of this chapter)