The Wealth Empire Crossing the Hong Kong

The Hong Kong dollar and the stock market continued to plummet for several days, which made the faces of these Xiangjiang elites extremely heavy, and also led to the lack of so much laughter in the conference room, and everyone seemed relatively silent.

As Governor Bryan, Chief Executive Xosos, and Financial Secretary Ross walked into the meeting room, the meeting officially began.

After some polite opening remarks, Ross went directly to the topic of today's meeting, which is to hope that the Hong Kong business community can support the British pound as much as possible within the scope of their ability. Continue to buy sterling.

It's a pity that many elites present were obviously unwilling to have the Hong Kong dollar and Hong Kong's economy completely kidnapped by the British pound and England. After Ross's words fell, many people immediately voiced their opposition.

As the president of Ka Wah Bank, Du Ningxue said: "Because our Hong Kong dollar issuance is fundamentally different from that of other countries and regions, the appreciation or depreciation of our Hong Kong dollar is mainly due to the foreign exchange and gold we store in the exchange fund." related.

Especially at present, the proportion of our gold reserves in the exchange fund is extremely low, and the main influence on the Hong Kong dollar exchange rate is foreign exchange.

For the relative stability of our Hong Kong dollar exchange rate, it is also impossible for us to focus on one currency, and we must reserve three or more major international currencies in relative proportion.

At present, the British pound accounts for about 50% of the total reserves in our Hongkong Exchange Fund, which is a relatively high proportion.

If we continue to sell other foreign currencies and buy British pounds, then what is the difference between our Hong Kong dollar and our bound British pound? How independent is our currency and economy?
In my opinion, at this time, instead of continuing to buy sterling, we should sell sterling to buy gold to increase the proportion of our gold reserves and prevent our Hong Kong dollar from being completely kidnapped by the pound. "

Naturally, there were those who opposed and those who supported it. As the representative of British capital in the financial sector of Heung Kong Bank, Shen Bi, the president of HSBC, naturally stood up at this time.

"After decades of development, the currency issuance of various countries has abandoned the gold standard, which is enough to see the disadvantages.

Moreover, the fluctuations of gold in the market are too large at present, and too much gold reserve is not conducive to the stability of our Hong Kong dollar.

As the world's main settlement currency, the value of the British pound has always been relatively stable. In addition, our Xiangjiang economy is very close to the Commonwealth of Nations, ASEAN, and the European Community. The increase in British pound foreign exchange is also to better promote the development of our Xiangjiang economy.

If you don't increase the pound, then I would like to ask you what can you reserve?
The U.S. dollar has been depreciating in recent years, and its international status has also been declining. It is obviously impossible to become the main reserve currency of our exchange fund.

The rise of the yen and the mark in the past few years is okay, but I believe you are aware of some problems faced by these two countries, and it is also impossible for them to be the main reserve currency of our foreign exchange reserves.

Besides these three, what else can you choose?
For us, the British pound is definitely the safest, and it can also keep the Hong Kong dollar relatively stable for a long time.

The reason why the pound fluctuated this time is that some countries and forces are shorting it.

Please believe in the British government, the Commonwealth, and ASEAN and the European Community. As long as we can work together, no force will be able to conquer the British pound.

On behalf of HSBC, I am here to continue to buy pounds in the foreign exchange market.

In addition, due to the rise in prices in Hong Kong during this period, there have been certain problems with currency liquidity in the market. HSBC will jointly issue [-] billion Hong Kong dollars with Hong Kong Bank and Nanjiang Hang Seng Bank, and will pay the equivalent amount of British pounds to the Exchange Fund at the current exchange rate. "

As soon as Shen Bi made this statement, he was immediately opposed by the charter king. At present, the prices in Xiangjiang have already risen sharply, coupled with the depreciation of the Hong Kong dollar and the sharp drop in the stock market, there is no shortage of money in the market.

At this time, it is fine if the Exchange Fund does not recycle part of the Hong Kong dollars, but it will continue to issue more Hong Kong dollars. This will only push up prices further, which is definitely not good news for the citizens of Hong Kong.

Li Jianhui also disagreed with this. After the charter king's voice fell, he also said:
"Everyone is a business elite. Everyone knows the current situation of our Hong Kong economy. It is very inappropriate to issue additional currency at this time. Our Hong Kong economy should not and cannot become a victim of this dispute between the British pound and the US dollar.

Of course, since our Hong Kong economy is very close to the major markets of the Commonwealth of Nations, ASEAN, and the European Community, and the British pound is the settlement currency of these major markets, and the British pound accounts for a relatively high proportion of these major markets and national reserve currencies, the British pound has a large A large depreciation is also not good for our development.

Not to mention for other reasons, but for our own benefit, we have to contribute this time.

For the time being, there is no need to adjust the foreign exchange fund. The five major banks under the East China Club, Xinjian, Dongya, Jiahua, Daoheng, and Wing On, as well as Xinjian, Kowloon, Guanghua, Xinhui, Xinbin, Xinyang, Disheng, etc. Securities investment companies will do long sterling in the foreign exchange market.

At the same time, we will fully increase the holdings of the British pound in the corporate capital account of the Donghua Club to support the stability of the British pound exchange rate. "

Li Jianhui's words shocked not only Charter King and the others, but also Brian and the others.

They never thought that the Donghua Association would contribute their efforts this time, but Li Jianhui's words indicated that the Donghua Association would do its best this time.

However, they didn't know that the reason why Li Jianhui did this was because he had the memory of his previous life to give him confidence.

Many people in the outside world believe that England will be dragged into a long-term war by Argentina. After all, the powerful Soviet troops have entered the Middle East in Afghanistan for several years, and there is still no sign of ending. This is also an important reason for the crisis in the British pound and the British stock market. .

However, the fact is that England will be able to end this war in a few days, and Argentine obviously does not have the confidence to fight a civil war.

Even if there is the United States behind it in this life, the United States would not dare to give Argentina advanced weapons. The world is so big.

As long as there is no impact of the war, the pound is bound to rebound strongly, and it will definitely rise back when it falls during this period.

As for the people on Wall Street, Li Jianhui and the others are really not worried. The ASEAN economy is currently developing rapidly, and the economy in England has also come out of its sluggishness because of the Blue Maple Holdings and the Rose Consortium.

Even if there is an impact on the stock market this time, the impact will not be too great, at least not on the pound.

Moreover, Li Jianhui will go to England tomorrow, and will communicate with the British government and the Rose Consortium to jointly invest in the development of the ASEAN market.

He didn't believe it this time. After several years of preparation, when the Iron Lady was in power and the Queen's influence in the Commonwealth was at its peak, England could still lose with so many good cards in its hands.

You must know that when England planned to push the pound back to its peak, it had already expected that it would be suppressed and targeted by the United States. This time, except for the unexpected Falkland incident, other aspects had long been planned.

To be honest, the European Community was not part of the British plan from the very beginning. The British pound mainly hopes to occupy the foreign exchange settlement market in the Commonwealth and ASEAN. As long as these two markets are stable, the British pound will also be stable.

And Li Jianhui is willing to work hard on this. On the one hand, the Hong Kong dollar cannot be promoted due to its own reasons, and on the other hand, the main industrial markets of the Tung Wah Association are within the Commonwealth.

In addition, Li Jianhui has always been indifferent to the US market, and he is not at ease with the domineering style of the US government. Relatively speaking, the British government may be a little better.

Of course, the most important thing is because of interests. This time, Chen Yulian will also take her two children with him. In a few days, she will be called Earl Li Chen Yulian. The territory of Donghua has also expanded. The Indian Ocean Territory is allocated to the Donghua Territory along with the ten islands surrounding the Donghua Territory.

The biggest benefit this time is the acquisition of the Royal Bank of Scotland by Blue Maple Holdings. Although this bank is only a regional bank in this era and is far from being comparable to HSBC and Standard Chartered, this bank is one of the issuing banks of the British pound. .

In 1981, HSBC and Standard Chartered bid to buy the bank, but it was a pity that they failed due to government intervention, but this time it was cheaper for Li Jianhui, or Chen Yulian's child.

After all, this bank has a royal title, and Li Jianhui has a condition to win it, that is, Lanfeng Holdings and the fund behind it must be inherited by Chen Yulian's children in the future, that is, the bank must be controlled by British nationals in the future.

Regardless of whether Brian knew about the exchange of interests between Li Jianhui and the British government, he praised Li Jianhui's words at this time, and hoped that other banks and financial institutions would choose to increase their holdings of sterling and reduce other foreign currencies like the Donghuahui.

It was also announced on the spot that, because of communication with the north, in order to better maintain the stability of the Hong Kong dollar, Hong Kong Bank of China will become the fourth bank with the right to issue banknotes in Hong Kong dollars.

At the same time, in order to avoid unanimous opinions on additional currency issuance in the future, Xinjian Bank will be added as the fifth bank with the right to issue banknotes in Hong Kong dollars.

Before June 1997, 6, the issuance of additional currency will be jointly decided by the representatives of the five banks and the Monetary Authority, of which the Monetary Authority has two votes and each of the five major banks has one vote.

Li Jianhui himself was quite surprised when he heard it. He used to work hard and couldn't get it, but now he didn't think so, and he got it easily.

It's just that there are five banks issuing Hong Kong dollars, and he doesn't know what to say. This is really too much.

However, he did not refuse. With this, Donghua Club will have more say in Xiangjiang Finance.

For example, in terms of increasing gold reserves, Donghua Society will have a say in the issue of additional currency in the future.

Of course, this will also have some adverse effects on Donghua Association. The situation at today's meeting will make many forces think that Donghua will completely fall to England.

Li Jianhui will not explain too much about this. After all, there are gains and losses. It is not that he never thought about taking the Greater China region as the foundation and trying his best to move closer to the north. Unfortunately, because of his position, the north simply cannot tolerate him and the east. Huahui.

With this choice at present, at least the US government is willing to support it when the US government suppresses it.

And after more than ten or twenty years, the layout of ASEAN is believed to be almost the same. At that time, the Donghuahui industry will be targeted, and ASEAN will naturally take the lead.

Perhaps Li Jianhui's meeting was too biased, so not long after the meeting ended, he received a call from Xiangjiang Xinghua News Agency, asking if he was free at [-]:[-] p.m., and Li Jushen invited him to have dinner at the Yuchuan Restaurant.

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