Rebirth of the Strongest Tycoon

In the afternoon of the same day, Song Bo sent the collected information to Xia Yu. After Xia Yu browsed it, he handed the information to the think tank, and asked them to start preparations immediately, and came up with a preliminary plan at the meeting two days later. .

Two days later, Song Bo came again, Xia Yu closed the door and held a secret meeting, and the preliminary plan was approved by him.

After the general direction was set, Xia Yu prepared to let his financial company do it secretly.

Just when he was about to leave, he received a phone call from Liu Tianci. The information mentioned in the phone made him give up the idea of ​​going to Jiuding Securities Company and ordered Liu Tianci to come to his office immediately.

After hanging up the phone, Xia Yu thought for a moment, then called Wang Qi again and asked him to come to his office, and then he fell into deep thought.

After more than 20 minutes, Liu Tianci came in in a hurry.

"Chairman, I'm sorry I'm late."

After saying apologetically, Liu Tianci smiled and nodded to Wang Qi who got up.

"From Zhonghuan to here, your speed is fast, sit down and talk!"

After signaling Liu Tianci to sit down, Xia Yu also walked down from the desk and sat down on the sofa.

He went straight to the topic and asked: "God, what you mentioned on the phone just now will be explained in detail now."

"Wang Qi, listen carefully, this matter is extremely important."

Xia Yu warned Wang Qi again.

Wang Qi rarely saw Chairman Xia Yu's attitude like this. He nodded heavily, raised 120% of his attention, his body was slightly in front of Qin, and his eyes were staring at Liu Tianci.

Liu Tianci thought about it and said in detail: "Chairman, just this morning, the Hong Kong Association of Banks held a regular meeting. All members were present, mainly to discuss how to deal with a series of negative impacts caused by the appreciation of the US dollar."

"According to market feedback, the interest rate gap between Hong Kong dollars and Eurodollars has now reached 3.5%, and the dollar is still rising, the exchange rate risk has further increased, and the outflow of funds from Hong Kong has formed, and many Hong Kong capital has been transferred overseas to carry interest. The investment environment has been deteriorating, and if there is no way to stop the outflow of funds, the capital in Hong Kong will decrease, and the operating risks of banks will further increase..."

"HSBC proposes to raise interest rates by about 1% in order to hedge against the impact of the appreciation of the US dollar and wipe out the zero interest rate spread as much as possible..."

Hearing Liu Tianci's constant remarks, Wang Qi's brows became deeper and deeper, and his heart could not be calm.

HSBC, as a note-issuing bank, now proposes to raise interest rates, so other banks will certainly support it, which can reduce their risk.

Raising interest rates means raising interest rates, not only deposit rates, but also lending rates.

When interest rates rise, it means that it is more expensive for people to borrow, and the burden on the cash-strapped is heavier, and their borrowing needs are constrained, which increases their burden. Just depositing will increase your income.

Once all the banks in Hong Kong raise interest rates uniformly, which can attract external short-term capital inflows and reduce or eliminate the deficit, the deposit volume of the banks will increase.

but!

Higher interest rates will increase the cost of investment for firms. When the interest rate level increases, on the one hand, consumption will be reduced and savings will be increased, so that the supply of social funds will expand, which may expand social output. On the other hand, investment may be inhibited, thereby reducing social output.

Even if external funds return, most of them will go to banks, and there is already so much capital in Hong Kong. If there are more deposits in banks, there will be less money to invest in the capital market, so the trading volume of the stock market will decrease. , which is somewhat unfavorable for investment institutions such as Jiuding Securities Company.

If the stock market funds are not circulated well, if one is not careful, the stock market will fall!

...

After Liu Tianci finished speaking, Wang Qi asked impatiently, "Mr. Liu, according to what you just said, HSBC is only proposing it for the first time. Do you personally think that the rate hike proposal will pass 100%?"

Liu Tianci pondered for a moment, then nodded heavily and said, "Mr. Wang, I can't guarantee it 100%.

But in my personal opinion, 99% will pass, and it will not take more than half a month. The key now is the specific amount of interest rate increase. "

Wang Qi's face sank, his brows furrowed, his fists clenched subconsciously.

Xia Yu glanced at Wang Qi and said lightly, "Wang Qi, don't worry about it. In my opinion, this will happen 100%. It can't be stopped, and there is no need to stop it."

No wonder Xia Yu has this attitude, because he knows the real situation of the Hong Kong dollar exchange rate in Hong Kong. The Hong Kong dollar has been pegged to the US dollar since 1972, but this peg is learned.

Hong Kong does not implement the linked exchange rate system now, so although the Hong Kong dollar has always fluctuated with the US dollar at 4.6 to 1, it is not the fixed 7.8 to 1 in later generations. Therefore, under this exchange rate system, the Hong Kong dollar's exchange rate Exchange rate freedom is freedom, but it is also more uncontrollable and risky.

And now, there is no financial authority in Hong Kong, only the Foreign Exchange Fund Authority and the Banking Supervision Office. The power of the Banking Supervision Office is not even greater than that of the Hong Kong Association of Banks, which was transformed from the Hong Kong Association of Foreign Exchange Banks at the beginning of this year. The right to issue banknotes is concentrated in the hands of HSBC and Standard Chartered Bank. Although the Hong Kong government has the right to issue banknotes, it is only 10%.

The Administration of the Exchange Fund, due to the exchange rate system, is not particularly strong in its ability to control and intervene in foreign exchange.

Therefore, the Hong Kong Association of Banks can do it by itself, just like the Federal Reserve, by raising the bank exchange rate, which will indirectly affect the exchange rate.

anyway.

Seeing that Wang Qi's brows still did not fully relax, Xia Yu continued: "Even if the Hong Kong Bank Association does not make adjustments, the interest rate gap will always exist, funds will continue to flow out, and the funds flowing into the stock market will also decrease. , the banks are also unlucky."

"The lesser of two powers."

"A rise in interest rates by the Association of Banks is better for the whole of Hong Kong than inaction."

"The key now is how to deal with the coming bear market."

Bear market! ! !

As soon as Xia Yu's words fell, Wang Qi was shocked, looked at Xia Yu suddenly, and asked nervously, "Chairman, do you think the stock market has peaked now?"

Liu Tianci also stared at Xia Yu, and was equally nervous. His brain quickly analyzed why the chairman made such a judgment.

Will the consequences of the Association of Banks' announcement to raise interest rates be so serious?

Xia Yu smiled lightly and did not answer Wang Qi's question, but instead asked, "Wang Qi, where is the Hang Seng Index now?"

Without hesitation, Wang Qi reported the amount of the HSI after the market opened this morning: "One thousand eight hundred and thirty-seven thirty-seven!"

Xia Yu asked again: "Do you recall the situation in the past few years, is the current Hang Seng Index high or low?"

Wang Qining pondered for a long time, thinking further, he felt a bit dry in his mouth, nodded and said, "It's already very high, even surpassing the peak of the stock market crash in 1973, creating a new record for the Hong Kong stock market!"

"But Chairman, although the enthusiasm for investing in stocks is high now, the investors are not as crazy as they were in 1973, and after so many years of development, the capital market capacity of Heung Kong has far exceeded before,"

He is someone who has experienced the terrible stock market crash in 1973, and also knows the madness of the stock market at that time.

There are some crazy phenomena in the market, such as "fishing with shark fins", investors quitting their jobs to invest in stocks full-time, "making abalone porridge", "making fish balls with mouse spots", and "lighting cigarettes with Daniel (HK$500 banknotes)".

There is also a joke circulating among the people that there is also a stock exchange in the Qingshan mental hospital, which is specially set up for people who have lost their nerves because of stock speculation.

The Hong Kong government had to find an excuse to say that there were fire hazards in the exchange, and dispatched firefighters to forcibly expel shareholders in order to cool the stock market.

At that time, the Hang Seng Index reached 1,774.96 at its craziest, and then fell to a trough of 15.11 in nine months, a drop of as much as 91.5 percent.

Although today's HSI surpassed the peak of the stock market crash in 1973 and created a record high for Hong Kong stocks, Wang Qi can be sure that although the market is hot, it is definitely not crazy!

Wang Qi did not find that it was not because of his incompetence, but because there were many reasons for this bear market, and raising interest rates alone was not enough to make the stock market crash.

Xia Yu is very clear that this bear market can be regarded as a policy market. The increase in interest rates has caused the stock market to fluctuate, but the future of Xiangjiang is an important reason for the market panic and the decline of the stock market.

In this life, due to his reasons, the changes have been very big. For example, the current Hang Seng Index has exceeded the peak of the stock market crash in the previous life.

But Xia Yu, who has been watching the general trend, is not panicking. Although he cannot fully trust the memory of his previous life, he has self-knowledge. Some things can be affected, but some things are not his ability to intervene, such as the future of Taiwan Province and Xiangjiang. .

He has a deep influence on Xiangjiang, but the mainland has been staring at Taiwan Province. Xiangjiang is an experimental field, which cannot be changed.

Xia Yu believed that the four-character policy for future generations must be brewing, and the time in this world is not far away, and he will definitely be able to get the news in advance.

And with his energy, he can also counteract the negative effects. The key is whether he is willing to do it or not!

Before, he thought about actively stabilizing the situation in Hong Kong, but after returning from a period of time in the United States, he saw that the merger of the four companies had not progressed, and he was dissatisfied with the Hong Kong stock market with many loopholes and an unsound system!

Xiangjiang is his old nest, and he also wants to make Xiangjiang an international financial capital, but now the Hong Kong stock market is full of loopholes.

The merger of the four is to rebuild a new barrel, but the progress of the new barrel is too slow, it will make a mistake!

Now that the Association of Banks is about to raise interest rates, the stock market is destined to fluctuate. The key to whether it falls or rises depends on his intervention and non-intervention, and how he wants the stock market to go.

Now his attitude is obvious, he wants the Hong Kong stock market to become a bear!

It's just that some things didn't happen here, and he couldn't prove it, so it was inconvenient to tell Wang Qi.

So he could only answer domineeringly: "Wang Qi, your analysis is correct, but I need the Hong Kong stock market to become a bear market!"

Wang Qi immediately stared at Xia Yu in a stunned manner, not knowing what to say.

Liu Tianci frowned, trying to figure out Xia Yu's deep meaning.

After a long time, Wang Qi asked loudly, "Chairman, aren't you planning to fight the Taikoo Consortium?"

"Once we both start fighting, the trading volume of the stock market will skyrocket. The Hang Seng Index is going up. It should be able to offset the negative impact of the interest rate hike by the Association of Banks. How can this bear market start?"

PS: One pit was not filled and another big pit was opened. After checking the information for a night, I learned a lot of things. One pit after another, all of them were pulled into the water, and I was excited when I thought of the next plot.

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