Rebirth of the Strongest Tycoon - Vol 3 Chapter 1461

);　　 “The stock market has been unable to turn the sky, the enemy holds hundreds of billions of Hong Kong dollars in funds, what do you think they can do?”

Xia Yu said with a sneer at the corner of his mouth.

Break the bank’s capital chain? This is completely impossible, because short-term funds go through a few special banking channels for the sake of confidentiality. Not to mention Hong Kong-funded banks, even British-funded banks such as HSBC and Standard Chartered have not posted accounts.

So it is completely nonsense to want to collapse Xia Yu’s bank capital chain.

The only thing that can be done is the foreign exchange market!

Wang Qi made it through at one point, his face suddenly became solemn, and he was surprised: “Chairman, the enemy wants to start with Xiangjiang’s linked exchange rate system? Want to destroy the Hong Kong dollar foreign exchange system?”

Xia Yu nodded slightly: “This can only be possible.”

“The foreign exchange reserves of the Hong Kong Monetary Authority will update the data regularly. Although it will not be specifically disclosed to the public, this data cannot be concealed.”

“It’s normal for the enemy to have this mind.”

Wang Qi nodded and proposed: “Chairman, with such a huge amount of funds from the enemy, the Hong Kong Monetary Authority cannot last long. Do we have to go through the Banking Association as soon as possible to convene a meeting with the heads of various banks? Raising foreign exchange?”

“Or let the Monetary Authority come forward?”

“Ring Ling Ling…”

Just when Xia Yu was about to speak, the phone on the desktop suddenly rang.

He paused and picked up the receiver: “Hey…”

“Pattern!”

After talking briefly for half a minute, Xia Yu hung up the phone. He looked at Wang Qi and said with a faint smile: “Zhou Shanwen is calling, he will come later.”

“The enemy started his hand in the foreign exchange market.”

Wang Qi was taken aback, with emotion on his face, and the chairman was right again.

The Zhou Shanwen mentioned in Xia Yu’s words is also very familiar to Wang Qi. He has had a lot of dealings and knows he is his own.

Zhou Shanwen was originally the section chief of the Financial Management Section under the Financial Secretary of the Hong Kong Government. However, the Financial Management Section merged with the Banking Supervision Office and many other departments in 1983 and was reorganized into the Monetary Authority. Zhou Shanwen assumed the post of director. .

The Monetary Authority can be said to be the most authoritative institution in the Hong Kong financial sector. It has all the authority of the central bank, except that it does not have the right to issue Hong Kong dollars.

includes maintaining currency stability within the framework of the linked exchange rate system, promoting the stability and integrity of the financial system, including the banking system, and helping to consolidate Hong Kong’s status as an international financial center, including maintaining and developing Hong Kong’s financial infrastructure and managing foreign exchange funds.

Before long, Zhou Shanwen rushed to Xia Yu’s office.

Seeing that Wang Qi was also there, Zhou Shanwen, who had just entered the door, was taken aback for a moment, and then respectfully greeted Xia Yu, and also accompanied Wang Qi.

“Mr. Xia, Mr. Wang, good morning!”

“There is a traffic jam on the road, you have been waiting for a long time, sorry.”

“fine.”

“Shanwen, sit down.”

Xia Yu smiled and shook his head, Zhou Shanwen thanked him and sat down.

After sitting down, Zhou Shanwen took a few deep breaths, and then said, “Mr. Xia, let me report to you. Early this morning, the Exchange Fund Management Office in the bureau reported an emergency to me. The major licensed brokers and banks in Hong Kong Our bureau applies to exchange US dollars…”

“Because the amount is so staggering, the amount of US dollars applied for exchange is as high as 5.2 billion, so after asking people, I found that this was a premeditated operation.”

“Because the US dollar foreign exchange managed by our bureau is only 11.78 billion US dollars, so for the time being I will let the following exchange and drag…”

After reporting in one breath, Zhou Shanwen was surprised to find that Xia Yu was not surprised at all, but had an inexplicable smile on his face.

“this…”

Seeing Zhou Shanwen’s astonishment, Wang Qi explained with a smile: “Director Zhou, the chairman had guessed it before you called, and the enemy’s funds amounted to hundreds of billions of Hong Kong dollars. The exchange volume of US$5.2 billion is just the beginning.”

Zhou Shanwen’s eyes widened, shocked: “There are hundreds of billions of Hong Kong dollars?”

“If all were exchanged for U.S. dollars, it would cost at least 50 or 60 billion. With the energy of the Monetary Authority, it would be impossible!”

How did the foreign exchange of the Monetary Authority come from?

was bought from the market!

And buying requires a large amount of capital, where does this capital come from?

Although the enemy has a large sum of Hong Kong dollars, these Hong Kong dollars must be completed before they can reach the Monetary Authority, and then the Foreign Exchange Administration Office of the Monetary Authority will use the money to buy U.S. dollars.

This process takes a lot of time!

The most important thing is that once a large amount of US dollars is bought in a short period of time, it will definitely promote the exchange rate of the offshore Hong Kong dollar against the US dollar.

In this way, the more foreign currency bought in US dollars, the greater the loss of the Monetary Authority, because no matter how much it is to buy US dollars, the Monetary Authority must maintain a fixed exchange rate in Hong Kong, it must be 6.1 Hong Kong dollars to 1 US dollar. The proportion of foreign exchange to licensed institutions.

If the enemy’s energy is large enough, the Hong Kong Monetary Authority can be killed from the source, and it will do everything possible to make the Hong Kong Monetary Authority rich but not able to buy US dollars. Then, as time goes by, the linked exchange rate system of Xiangjiang will naturally collapse.

If the official price fails, the black market will naturally prevail. This cannot be stopped.

“Mr. Xia, what can I do?”

Zhou Shanwen hurriedly looked at Xia Yu. At this time, the only person Xiangjiang had the ability to solve this possible crisis was his boss.

Xia Yu took a sip of tea and said without rush: “I’ll give you a reassurance. You can definitely buy U.S. dollars. As long as you hand over the Hong Kong dollar to Jiuding Bank, you can buy it for you with more U.S. dollars. ”

If someone else said this, Zhou Shanwen would have sneered at it, but he said it from Xia Yu, he believes it!

Even if it involves at least fifty or sixty billion dollars!

“Mr. Xia, I am completely relieved by your words.” Zhou Shanwen breathed a sigh of relief and said with a smile.

But Xia Yu shook his head, causing the smile on Zhou Shanwen’s face to freeze instantly.

He asked carefully: “Mr. Xia, is there any problem?”

“Boom! Boom!”

Xia Yu tapped his finger on the table and said lightly: “The problem is not with me, but with you!”

“Your side should also go all out to buy US dollars while maintaining a stable exchange rate, so as to improve the ability to deal with crises by combat.”

“Not only that.”

“The enemy will definitely find ways to create negative public opinion, so you must stand up, show strong confidence and determination, and not let the enemy rise, do you understand?”

“Otherwise it will cause panic and the people will want to exchange dollars to preserve the value of their funds. UU Reading www.uukanshu.com will not be able to solve the problem of 50 or 60 billion US dollars of foreign exchange!”

This picture appeared in Zhou Shanwen’s mind. He shuddered and said hurriedly and solemnly: “Mr. Xia, please rest assured, I will follow your instructions and stand up and fight these enemies to the end!”

Xia Yu’s eyes flashed with satisfaction, and he nodded slightly and said clearly: “Crisis crisis, danger comes with opportunity!”

“In my opinion, this crisis is an excellent opportunity. As long as the crisis is successfully resolved, the prestige of the Monetary Authority will be thoroughly established, and the self-confidence of Xiangjiang people will be more sufficient.”

“At the same time, it will also play a cornerstone role in Xiangjiang’s strategy to become an international financial center.”

Zhou Shanwen sat up straight, nodded his head heavily, and replied loudly: “I understand, I will not let you down!”

Xia Yu smiled and nodded, and said again: “I will teach you some more things…”

once again told Zhou Shanwen, and after answering all his questions, Zhou Shanwen walked away briskly.

After Wang Qi knew the deployment, his mind became more active, and he was ready to have fun with the shorts on the HSI futures, and then scrape a layer of oil from the enemy.

Xia Yu did not expect it.

The enemy deliberately spread news to create market panic. In the afternoon, the news that the Hong Kong Monetary Authority’s foreign exchange reserves was in crisis was circulated in the financial circle.

For a time, all major institutions hurriedly convened high-level meetings to study and judge the current situation.

Xiangjiang’s originally clear capital battle has been overshadowed aga