Reborn in Hong Kong: The Tycoon Grows Up
Chapter 554 Absolute Strength 6
It was not a good thing for Bao Zixuan that Shen Bi managed to retain his position as the chief executive. After all, as the most highly rated chief executive in the history of HSBC, this person's abilities were definitely not bad. Even as an opponent, I have to admire his strategic vision, but I didn't expect that China would have such courage, so he misjudged the situation.
At this time, William Morgan, the headquarter of Morgan Bank in the United States, was listening to reports from his subordinates that HSBC's foreign exchange reserves had been exhausted yesterday. Next, Xiangjiang will have no trump card to play, and international hot money is thinking about how to end the battle as soon as possible. After all, time is something they can't afford, and a lot of money is misappropriated from other places; they just want to make a profit and leave. Who would have thought that Xiangjiang's resilience is so strong.
Especially the Xiangjiang tycoons headed by Hei Yun are so rich that their investment is constantly increasing; if the battle does not end, it will be very disadvantageous for them.
William Morgan: "I already know the situation. Tell those who are following us that I will end the battle in the next week. This time I need everyone to use all their strength to bring down the Hong Kong dollar. At the same time, let O'Clay Di I went to HSBC to deal with the repayment, but HSBC actually dared to use the U.S. dollars mortgaged by the Morgan family to buy back Hong Kong dollars. Are they treating us as fools?"
This time, in order to help William Morgan establish his prestige, Old Morgan specifically asked the butler Leon to be his son's deputy. It can be said that he had good intentions. Seeing some young masters who are very happy with their achievements, and looking at the young lady who usually keeps a low profile, she also feels sad for the family. William Morgan's personality has changed a lot since the injury, and he is very radical in everything he does.
The short selling of the Hong Kong dollar this time was only promoted by him. The Morgan family did not want to attack Hong Kong at this time. Because taking action at this time is not only an offense to China, but also an enemy to Britain. We have to wait until around 1997 to take action. At that time, the British were eager for the economic collapse of Hong Kong!
However, William Morgan believed that Britain had just experienced the Falklands War and its domestic economy was in a mess. It was nothing to worry about. China was so backward that there would be no funds to save Hong Kong.
At this time, Xiangjiang had just purchased 5 billion pounds of war bonds for British blood transfusion, and the results of the negotiations between China and Britain were not good. Xiangjiang's economy has developed rapidly in recent years, and its wealth is truly enviable.
Combining various factors, William Morgan believed that this was a once-in-a-lifetime opportunity. At the same time, the think tank also gave the same opinion in order to flatter the young master. In fact, the think tank did not dare to go against William Morgan's wishes, but now he could not listen to any objections.
It was against this background that Morgan Bank led a group of juniors to start shorting the Hong Kong dollar, thereby suppressing the Hong Kong economy.
Leon had been to Xiangjiang with Rachel Morgan and knew the true strength of the Black Cloud Group. Now Bao Zixuan is unwilling to use his full strength. If the young master wants to end this battle within a week, he can only start with futures. Morgan Bank does not have that much cash in Hong Kong dollars.
Leon thought for a while and said: "Master, Xiangjiang still has a lot of foreign exchange reserves. The foreign exchange in the hands of Heiyun Group alone will not be less than 20 billion US dollars. If you want to end it in a short time, you can only find a way in the futures market, but in that case The risk is too high and we will suffer heavy losses if a large number of longs enter."
William Morgan was very unhappy when he heard Leon mention Bao Zixuan. His father asked him to be the Morgan family's son-in-law but he was not happy about it, which made his sister sad for a long time. Almost everyone thinks that they are not as good as him. Today I will let you see who is the person who will lead the next era.
Many high-tech products of Heiyun Group have caused great sensation in the world. As the boss and chief engineer, Bao Zixuan is considered by many media to be a man leading an era.
This is a hateful report. After all, there are still many young talents in the world. These people usually don't obey anyone, but now a man who leads the times suddenly appears. The most important thing is that this man is still so young, it's strange that he can be convinced.
William Morgan: "Bao Zixuan has only been in development for a few years, and the funds in hand must be very limited. Your evaluation of him, including my sister, is a bit too high, which will actually reduce your ability to judge."
"This time it's not just us, there are many hedge funds. Why I agreed to them joining is because I thought that Bao Zixuan still had some money after all and would have some foreign exchange reserves in hand. Now is the time to use them. I don't care what you use. No matter what method, you must win down the Hong Kong dollars for me. The early stages were all foreshadowing, and now is the time to reap the fruits of victory."
Knowing that the young master had made up his mind, Leon could only do it. This time Old Morgan has fully authorized William Morgan. People in the family must fully cooperate with the action. If anyone dares to object, it may be as simple as leaving the family.
November 8, 1982, Monday, was later regarded as the day of the decisive battle for the Hong Kong dollar crisis. On the same day, almost all financial institutions on Wall Street were selling Hong Kong dollars on a large scale. In just one day, the exchange rate of the US dollar against the Hong Kong dollar dropped from 1:5.3 to 1:6.1. This is an unprecedented number. Everyone knows that the short side has begun the final attack, because today they have sold a total of 60 billion Hong Kong dollars in cash and 83 billion Hong Kong dollars in short futures. It can be said that today's scale is the largest day of long Hong Kong dollar trading in history.
Although Hong Kong's major financial institutions tried their best to save the situation, they put a total of more than 20 billion US dollars into the market to buy back Hong Kong dollars, but they felt that they were unable to save the situation. At this time, the eyes of the whole world are focused on Xiangjiang to see how the wealth of Xiangjiang is plundered.
On the top floor of the Governor's House of Morgan Bank in the United States, William Morgan convened a celebration meeting for the heads of Wall Street hedge funds involved in shorting the Hong Kong dollar. Today, their profits exceeded US$2 billion. Even the financial elites who are accustomed to big scenes did not expect to gain such a huge harvest.
As the initiator of the project, William Morgan naturally became the most concerned person since this was his territory. All hedge fund managers were trying their best to flatter William Morgan. This is the eldest son and heir of the Morgan family, and the future King of Wall Street. Nowadays, being able to leave a good impression on others is more important than making ten million dollars.
William Morgan: "Today is a day worth celebrating. According to the current situation, it is only a matter of time before Hong Kong's economy collapses. You should have made a lot of money by following me this time. I can tell you that this is just the beginning."
"There are many countries in the world that have economic loopholes and we need to help them correct them. Otherwise they will suffer greater losses and suffer more losses; we are just charging them a little tuition; it's just that the tuition is a bit high. .”
After William Morgan said this, everyone laughed. Many people thought that this young master was still quite good, at least much better than the rumors.
William Morgan continued: "Although it is a little early to hold a celebration today, after all, the matter in Xiangjiang is not over yet. However, Xiangjiang's foreign exchange reserves should be running low. As long as we exert a little more force tomorrow, Xiangjiang will definitely not be able to sustain it."
"So I hope that everyone will use all their strength tomorrow to defeat the people of Xiangjiang. Let their economic size return to 10 years ago, and the wealth they have accumulated in the past 10 years will be ours. This is a fortune What a huge wealth you want even if I don’t tell you, victory is tomorrow, cheers!”
Everyone raised their glasses and took a sip. No one dared not give this honor.
Leon was very pleased to see that the young master's speech was still somewhat contagious. After all, people like him are already tied to the interests of the Morgan family, and the rise and fall of the family is closely related to them.
Everyone who came over was trying their best to get close to William Morgan, especially the women.
It would be impossible to hold such a celebration in the United States without the participation of celebrities and celebrities. Everyone knows that these Wall Street elites have made a lot of money today. It was strange that the women could let them go. Under the influence of alcohol, the atmosphere at the scene had become chaotic.
At first, many managers didn't dare to be too presumptuous, but when they saw William Morgan's complete indifference, they suddenly became bolder. We are all adults, and the purpose of coming here, regardless of gender, is not simple.
William Morgan, as the protagonist, is favored by the vast majority of women. Some who did not come forward did not have ideas, but felt that they could not compete, so they turned to other hedge fund managers. If you pick anyone here, they will be rich. Although many people are already married, so what!
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