Reborn in Hong Kong: The Tycoon Grows Up

The opening ceremony of Black Cloud Bank has ended, but the trust crisis in Hong Kong dollars has not been resolved. After all, the negotiations between China and Britain are not very clear yet, and everyone is worried about the future of Hong Kong.

Fortunately, this is only the idea of ​​a small group of people. In the opinion of most people, Bao Zixuan exchanged 20 billion US dollars for Hong Kong dollars, which to a certain extent enhanced the confidence of the people in Hong Kong. There is no need to be in such a hurry to exchange the Hong Kong dollars in hand. The bank of the richest man has a lot of foreign exchange to exchange, so there is no rush.

The crisis of confidence in the Hong Kong dollar is not only affected by the negotiations between China and Britain, but also mainly because international financial speculators have seized the opportunity and began to short the Hong Kong dollar, which to a certain extent has accelerated the depreciation of the Hong Kong dollar.

The exchange rate of the US dollar against the Hong Kong dollar has risen from 1:4.2 at the beginning of the year to 1:5.1 at the current 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 despite the fact that the US dollar has also depreciated. If other factors are taken into account, the Hong Kong dollar has depreciated by more than 25%, which is equivalent to an invisible reduction in the wealth of every Hong Kong citizen by a quarter.

If it is 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 entire foreign exchange reserves in Hong Kong.

With the reduction of foreign exchange reserves and the deadlock in the Sino-British 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 one who did what he said. After counting his family's money, he deposited it directly into Heiyun Bank. Although the Japanese yen is the main currency, everyone with a discerning eye knows that the Japanese yen will definitely appreciate in the future. The Japanese yen is now very popular in the international market.

Bao Yugang also mobilized funds from European, American and other banks and deposited them into Black Cloud Bank. And all the US dollars deposited in HSBC were converted into Hong Kong dollars and re-deposited.

He is not offending both sides, and at the same time he completes the tasks assigned by the old man. It can be said that he kills two birds with one stone and does not suffer any loss. Everyone expressed their understanding. After all, the relationship between 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.

Fok Ying-tung also firmly supports not allowing the Hong Kong dollar to depreciate significantly, which would severely damage the Hong Kong economy. He took out the foreign exchange that could be mobilized at home and deposited it in Heiyun Bank, and converted all the foreign exchange into Hong Kong dollars before depositing it in the bank. This shows that Mr. Huo has a very firm attitude towards this matter.

Xiangjiang is only such a big place, so there is no secret at all. Seeing that Fok Ying-tung and others are doing their best to maintain the credit of the Hong Kong dollar, if other rich people don't take action, how can they have the face to meet others in the future. Now the people and media all over Hong Kong are paying attention to their every word and deed. Anyone who does not spend some foreign exchange to exchange Hong Kong dollars will definitely be labeled as rich and unkind in the future.

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

At this time, in the office of the president of the Xiangjiang Branch of Morgan Bank in Hong Kong Central, a middle-aged white man with a big head appeared. Morgan Bank had been aggressively shorting the Hong Kong dollar in the foreign exchange futures market, and now futures delivery will take place in less than a month.

What he didn't expect was that there were very few large amounts of Hong Kong dollars circulating in the market at this time. If the current situation continued, Morgan Bank would be engaging in short selling. Not only do you have to face huge fines, you also have to bear legal liability.

International financial speculators led by Morgan Bank did not expect that Xiangjiang would directly recycle Hong Kong dollars in the foreign exchange market, and then directly put the Hong Kong dollars in the safe and not use them. This operation seems simple, but it 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 the Xiangjiang Branch of Huaxia Bank has begun to use foreign exchange to repurchase Hong Kong dollars. Now that Huaxia owns the huge tax support of Baohuodong Mining Company, it has alleviated the foreign exchange pressure to a certain extent.

The result of the combined efforts of several parties is that after the futures expire, Morgan Bank has no Hong Kong dollars for delivery. They can also print their own U.S. dollars; they do not have the right to mint Hong Kong dollars. After the futures contract expires, they will inevitably face legal proceedings for financial fraud.

The person in charge of Morgan Bank in Hong Kong knew that this loss was inevitable. The exchange rate between the US dollar and the Hong Kong dollar has now risen from 1:5.1 to 1:4.5, and is about to return to the level at the beginning of the year. And as the circulation of Hong Kong dollars in the market continues to decrease, the exchange rate is still rising.

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

The person in charge of the Xiangjiang Branch of Morgan Bank came directly to Shen Bi's office at HSBC Bank after asking for instructions from home.

The person in charge of Morgan Bank Xiangjiang handed over the information of Ocean Millennium Bank 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 overseas; HSBC has been coveting the American Ocean Mile Bank for a long time. If the acquisition can be successful, then HSBC's development path in the United States will be opened. Now Morgan Bank directly sends the information of Ocean Mile Bank to itself. Considering the current situation in Hong Kong, the purpose of the other party is self-evident.

The person in charge of Morgan Bank in Hong Kong, a man called President Oakley, said: "If HSBC agrees to lend 100 billion Hong Kong dollars to Morgan Bank, then HSBC's acquisition of Ocean Mile Bank will definitely get the full help of Morgan Bank. I don't think this is the case in the United States. Something the Morgans couldn’t do.”

Shen Bi is also considering the conditions offered by the other party. Once they agree to lend 100 billion Hong Kong dollars, the Morgan family will have more chips to short the Hong Kong dollar. The probability of Hong Kong dollar depreciation will be very high by then, and all this could have been avoided.

But if you don’t agree to dismantle HSBC, it will be difficult for you to develop in the United States in the future; after all, you didn’t help me at the critical moment, and it will make it easier for you if you want to develop on my territory in the future.

At this time, Shen Bi was caught in a dilemma. One was that HSBC's goal of globalization was about to be realized, and the other was betraying the people of Xiangjiang. It feels inappropriate to choose either side now, and I am very conflicted.

Shen Bi thought for a moment and said: "President Oakley, this matter is too big and I need to think about it. HK$100 billion is not a small amount. I don't know what kind of guarantee your bank uses."

After hearing what was being used as a guarantee, Oakley knew that Shen Bi was already moved. Then the thing is half done. With the help of HSBC, the quasi-central bank of Hong Kong, the chance of winning this time will be much greater.

Oakley quickly recovered: "Morgan Bank has a large amount of U.S. dollars that can be used as a guarantee when dismantling Hong Kong dollars. This means that HSBC can directly confiscate the corresponding amount of U.S. dollars if we fail to pay. In short, HSBC will definitely not suffer a loss."

Shen Bi was a little tempted when he heard this. HSBC would not lose anything no matter what. But he also knew that HSBC would be in a desperate situation if it was not good. Providing funds to institutions that are shorting the Hong Kong dollar at this time is an act of funding the enemy and stabbing the people of Hong Kong in the back.

After sending Oakley from Morgan Bank away, Shen Bi thought about how to facilitate this matter. Using U.S. dollar guarantees to dismantle the Hong Kong dollar was something everyone liked to hear before, but it is too sensitive at this time.

Everyone knows that Hong Kong's local capital, headed by Bao Zixuan, is buying back Hong Kong dollars in large quantities, which puts the short-sellers in danger of not being able to pay back their futures contracts after their futures contracts expire. If only because HSBC provided the funds to get them through, or even win.

From now on, HSBC's reputation in Hong Kong will be ruined, 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 generations of HSBC executives had failed to achieve, he was extremely excited.

This is a feat that will go down in history. At least within HSBC, no one can surpass his achievements. Thinking of this, Shen Bi knew that he had to have a foolproof plan to get himself out even if the matter was exposed.

At this time, Shen Bi wanted to be a bitch, but also wanted to build a chastity memorial for himself. After thinking about it, a person came into his field of vision. The scapegoat for the problem had been found. The next step was the specific operation.