Reborn in Hong Kong: The Tycoon Grows Up
Chapter 549 Absolute Strength 1
Yuan Tianfan was a little dazed when he left Bao Zixuan's office. When will matters in the financial field be solved by industry? This is what makes the science and engineering boss different, but not to mention that the effect is really very effective. Even I, a person who has been working hard in the financial field for many years, never thought of it, and the management of Morgan Bank never thought of it either.
Bao Zixuan's words still echoed in his mind. Americans seemed to be very supportive of Israel, but no one dared to move industrial companies there. Although Jews are very wealthy in the United States, they are a minority after all, and they are basically engaged in finance, entertainment and other industries. Americans will not build important factories in Israel, and the people and other ethnic leaders will not agree.
If a country wants to develop, especially a country like Israel without industry, it is seeking death. As a country that requires all citizens to serve as soldiers, it will be very passive if it cannot produce its own weapons and equipment; coupled with its small land area, it can only develop high-tech industries. Heiyun Group has agreed to establish a chip production base in Israel at this time. Israel, which has already tasted the benefits of its CNC machine tool factory, will of course warmly welcome it.
Regarding the additional conditions proposed by Heiyun Group to stabilize the Hong Kong dollar exchange rate in the London financial market, the Rothschild family agreed without even thinking. It can be said that in order to make Israel stronger, the Rothschild family will definitely spare no effort. They would rather lose some family interests as long as it is beneficial to Israel. They will never back down. Only he knows the suffering that the Jews have suffered, and he is not afraid to sacrifice his life to prevent this from happening again.
As for the people in the Middle East, they are a model of stupid people and rich money. The establishment of a steel plant and a ground-effect aircraft factory in Saudi Arabia by the Black Cloud Group can enhance the overall national strength of the entire country. Spending a little more money can bring the factory back to Saudi Arabia, which is better than spending huge amounts of money to purchase weapons and equipment from European and American countries.
Bao Zixuan proposed this condition by seizing the industrial needs of the two countries. The international hot money led by Morgan Bank faced not only the people of Hong Kong, but also wealthy Jews and Arabs.
Although the Morgan family themselves are Jewish, they do not recognize Israel as much as other Jewish families. The reason is unknown.
HSBC was very efficient and started processing the lending funds the next day. The premise is that Morgan Bank must offer at least 30% of the shares of Ocean Mile Bank as a sign of sincerity. Only in this way can the transaction be completed.
Morgan Bank was also incredibly efficient this time. It purchased 31.2% of the shares of Ocean Mile Bank directly from a financial institution at a high price, and then sold it to HSBC for US$1.9 billion. This transaction lasted only 7 days. Only the Morgan family in the United States had such ability. Generally, corporate acquisitions and approvals from the Ministry of Commerce take more than this time.
HSBC is also mobilizing funds during this week, and now too much funds are flowing to Heiyun Bank. Although their capital reserves are lush, after the 100 billion is taken out, the funds will definitely be stretched.
What Shen Bi did was to increase bank deposit interest rates, not to mention that this trick was really effective. As the quasi-central bank of Hong Kong, HSBC has really attracted a large number of people to save money in order to stabilize the exchange rate and increase deposit interest rates. No matter how rapidly Heiyun Bank develops, how rich Bao Zixuan is. Some people in Xiangjiang still believe in HSBC. The brand accumulation and reputation accumulated over the years cannot be achieved overnight.
HSBC's move to raise interest rates has made the small and medium-sized banks in Hong Kong even more miserable. This is often the case. When the industry boss and the second eldest brother fight, the third eldest son must be the unlucky one.
Mo Keyuan informed Yuan Tianfan of the funds mobilized by HSBC every day, and saw that tens of billions of funds were deposited in HSBC every day. Bao Zixuan knew that the trading day was coming soon.
Shen Bi was very excited when he saw that Morgan Bank had come up with the equity transfer agreement, and they had previously secretly acquired shares of Ocean Mile Bank; however, this bank was already controlled by HSBC, which at least had a foothold in the United States.
At the same time, Morgan Bank sent truckloads of U.S. dollars to HSBC, which were exchanged for truckloads of Hong Kong dollars when they came out. This kind of scene is not only performed in Hong Kong, but also in New York, London, and all over the world.
A total of 58 HSBC branches around the world participated in this operation. The total debtor was Mo Keyuan. This person who was to be used as a scapegoat needed to sign if something went wrong.
After Bao Zixuan got the list of all branches, he began to arrange for evidence collection and investigation, and took a large amount of video data; these were all evidence that HSBC bankrolled its enemies.
At the same time, Bao Zixuan also knows that even so, HSBC cannot be bankrupted, but there should be no problem in letting the Hong Kong government take back some of its privileges.
Morgan Bank, which had received 110 billion Hong Kong dollars, was full of confidence. Ocean Mile Bank's transactions were also converted into Hong Kong dollars for payment. This was their strong request, and HSBC had no objection.
With so much money in hand, Morgan Bank knew that the time had come to launch a general attack. It began to sell Hong Kong dollars in large quantities in financial markets around the world, and at the same time massively shorted Hong Kong dollars in the futures market. On the first day alone, the exchange rate of the US dollar to the Hong Kong dollar dropped from 1:4.5 to 1.5.0. It is not much different from the lowest value, which makes the financial hot money led by Morgan Bank very excited. It seems that the fortress is still the easiest to break through internally.
If we had known it was so simple and HSBC was so unprincipled, we should have taken action earlier. At this time, the management of Morgan Bank all had this idea.
In fact, no one would have thought that HSBC, as a financial institution serving as the quasi-central bank of Hong Kong, would actually do this at a critical moment. Even novels would not dare to write this.
Just after the market opened the next day, Morgan Bank sold another HK$20 billion in the financial market and shorted HK$20 billion in the futures market. The direct consequence is that the exchange rate of the US dollar against the Hong Kong dollar has been hit to 1:5.4, which is an unprecedented low; if this continues, the Hong Kong dollar credit system will no longer exist.
Governor Youde even held a financial meeting overnight, and Shen Bi also knew that things were getting serious. He also did not expect that the Morgan family would play such a big role this time. This was a rhythm that would destroy Xiangjiang.
At the financial meeting, Youde looked at the head of the Hong Kong financial company sitting below and said: "Hong Kong's economy has reached a point of life and death. Once the Hong Kong dollar credit system collapses, our people here will not be easy. Now we are facing a powerful enemy. Hope You all can unite as one and fight against powerful enemies together."
Then Shen Bi said a bunch of useless words, and Governor Youde looked at Bao Zixuan. At the same time, he said: "As the richest man in Hong Kong, Bao Sheng is also the owner of the company with the largest foreign exchange reserves in Hong Kong. Is there anything you can do?"
Bao Zixuan said firmly: "There is no way."
Governor Yoder refused to give up and continued: "Is there no way at all?"
Bao Zixuan: "Our people here provide funds to our opponents, but no matter how hard the people of Hong Kong try, it will be useless. As long as there are banks printing money for our opponents, how can the Hong Kong dollar's credit system be maintained?"
I heard that someone was providing funds to opponents, and now they are talking about printing money. Isn't this clearly pointing the finger at HSBC?
At this time, everyone looked at Shen Bi. Although he felt a little guilty, Shen Bi was a man who had seen big storms after all. He said calmly: "Bao Zixuan, you have to be responsible for what you say. What is providing funds to opponents, and what is printing money for opponents. If you don't make it clear today, I am not done with you, and HSBC's honor cannot be tarnished by you. .”
Bao Zixuan said with a smile: "The Governor is here today, let's make it clear. If I have evidence that HSBC provides funds to its opponents, how will the Hong Kong government punish it?"
Governor Youde saw that Bao Zixuan was so confident, could it be that HSBC was really subsidizing the enemy? If the Central Bank of Hong Kong can do such a thing, it is digging its own grave.
Youde: "Everyone in Hong Kong who provides funds to opponents is an act of funding the enemy. It would not be an exaggeration to shoot them during the war. If HSBC really engages in funding the enemy, the Hong Kong government will never sit idly by. If Black Cloud framed them HSBC should do the same."
Bao Zixuan: "If Heiyun falsely accuses HSBC, I can provide 10 billion US dollars to unconditionally support any action of the Hong Kong government, and at the same time publish an apology to HSBC in the newspaper; but if HSBC really engages in funding the enemy, I hope the Hong Kong government can impose restrictions on HSBC's minting rights." Dismemberment.”
"There are now three issuers of Hong Kong dollars, HSBC holds 70%; Standard Chartered holds 20%, and Hua Xia Bank holds 10%. HSBC has so many privileges in Hong Kong, but when Hong Kong is experiencing an economic crisis, it still takes advantage of it, which is unacceptable to all the people in Hong Kong. Let this kind of bank issue Hong Kong dollars."
"So I hope that after presenting evidence, the Hong Kong government can adjust the share of Hong Kong dollar minting rights to 25% of each of the four major banks, Heiyun, HSBC, Standard Chartered and Huaxia Bank."
"If your Excellency the Governor does not agree, just pretend that I have not said it today. The Black Cloud Group will not be involved in the Hong Kong dollar matter in the future; after all, how can a mole in the family fight against an enemy armed to the teeth?"
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