Supreme Stock God

Chapter 771

"No...no, Xiao Hao, this...this is the first few times. If this goes on, my sister is about to die in front of you..." Zhao Yuqin was naked in Zhou Hao's arms, weak even when speaking. Now, as if the whole body was given anesthetic, half of my fingers could not be moved.

Zhou Hao gently stroked Zhao Yuqin's lavish pink skin, with a lingering look on her face. In these two days, he hadn't seen anyone, so he stayed alone with Zhao Yuqin for two days. They are in this unit. They have never even been out of the door. Fortunately, the property management company of this "Arc de Triomphe" is very attentive. They are basically in line with serviced apartments. Make a phone call. Whether it is fresh fish, meat, egg dishes or ready-made meals, they can all be delivered in a very short time.

Zhao Yuqin also enjoyed the two-person world with Zhou Hao. The only downside was that Zhou Hao’s physique was so terrible that he could almost do things like men and women without any signs of fatigue. On the contrary, it was Zhao Yuqin. They were all tossed so softly by him, and finally surrendered to beg for mercy.

Just like now, while the whole body was soft, the crisp and numb sensation in the lower body was like ripples, rippling round and round, causing her to tremble. Sometimes she would complain why she couldn't be uglier. In that case, Zhou Hao would not be so interested in herself, and she could take a break.

But she thought again, if Zhou Hao really didn't have any interest in herself, then she wouldn't have any interest in herself. After thinking about this, she had to grit her teeth and endure Zhou Hao's impact, and finally had to lose in a mess.

Even now, Zhou Hao is still very attached to Zhao Yuqin's armpits constantly rubbing, licking her sweet sweat that is like a jade liquid, smelling her refreshing fragrance.

"It really doesn't work, Xiaohao, let go of my sister." Zhao Yuqin was overwhelmed and unable to resist, and could only beg for mercy: "Or...or I will let Su Lin or Xueyun come over, you, you just let go Live sister."

"Humhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!

Zhao Yuqin cried and said with a sad face: "But no one can be as horrible as you, so that people can't get out of bed."

Zhou Hao's nose "hum" twice and stopped talking, still holding Zhao Yuqin and stroking her pink back, but no longer teasing her, after all, he also knew that he had been tossing Zhao Yuqin so hard in the past two days. But I also blame Zhao Yuqin for being so beautiful that Zhou Hao can't help but greedy for love.

"By the way, Chief Executive Dong and Director Zeng seem to ask you to go to the HKMA with them tomorrow. Ha ha, you commander in chief has to do something." Zhao Yuqin shrank in Zhou Hao's arms and said, "I will Say oh, tomorrow you can't refuse anymore, but you can't just ignore the serious things for the sake of your sister. This is a national event, and it's because of your indifference."

Zhou Hao rubbed Zhao Yuqin's forehead: "National events are not as important as my sister."

"I hate it, it's serious to tell you." Zhao Yuqin groaned, but her heart was sweet.

Zhao Yuqin would ignore if such sweet words were spoken by others, but when Zhou Hao said it, she would feel as uncontrollably as the cardamom girl who fell in love for the first time.

"What are Chief Executive Dong and they looking for? Do you discuss countermeasures against Soros and others?" Zhao Yuqin asked in Zhou Hao's arms while drawing circles with his fingers.

Zhou Hao said, "Perhaps, who knows."

"Soros and the others are still selling Hong Kong dollars these days, but because they have bought so many Hong Kong dollars before, it is clear that they have already planned to make Hong Kong ideas." Zhao Yuqin said.

"Who says no, but the Hong Kong government will follow as much as they throw in the past few days. Although there is some influence on the stock market, the exchange rate of the Hong Kong dollar is very stable. Soros and the others have no way to start." Zhou Hao said: "But I think they will definitely not be that simple, otherwise they would not be the "predators" and "tigers" in the financial world."

Zhao Yuqin wondered: "Could it be that they are doing some small tricks secretly to give the Hong Kong government a second concealment?"

"It's not impossible." Zhou Hao said: "I suspect that they have been ineffective against the currency door for a long time, so they have other ideas."

The next day, Zhou Haoru, Chief Executive Dong and Zeng Yingquan came to the HKMA with an appointment, and even Zhao Yuqin was dragged by him.

"Miss Zhao, it's been a long time since I saw you, so I don't want to tell us how to come to Hong Kong, so that we can do our best to be a landlord." Seeing Zhao Yuqin and Zhou Hao coming together, Chief Executive Dong hurried up and said hello with a smile.

At the time of Hong Kong’s return, Chief Executive Dong and Zeng Yingquan and many other high-ranking Hong Kong officials met Zhao Yuqin at a dinner celebrating the return. I still remember how many young talents from Hong Kong surrounded Zhao Yuqin that day, but they still couldn’t get the princess. To his favor, several of Chief Executive Dong's nephews all beat their backs for this, and vowed not to marry Miss Zhao.

In the face of Chief Executive Dong and Zeng Yingquan, Zhao Yuqin was also generous and decent, and at the same time greeted the two central bank governors Qin Donghai and Bo Zhengnan. Of course, Qin Bai knew Zhao Yuqin, and he was commensurate with him in Beijing.

"Chief Dong, Uncle, is there something unusual with Soros and the others?" Zhou Hao asked straightforwardly.

Zeng Yingquan said: "It is precisely because they did not move that we were surprised."

Qin Donghai nodded, and said with deep conviction: "We all know that none of those guys are kind. They have been in a tug of war with us for so long. They will definitely not give up so easily. You must know about financial hedging. The most taboo thing about this is that the funds are constrained in the same place and cannot be flexibly flowed. Especially our backing is sufficient. Soros and the others should not fight with us for a long time. This is clearly to attack the enemy on their own shortcomings. Long is a taboo in the art of war."

"On the other hand, from this financial war, we have also seen that Hong Kong's linked exchange rate system is not as unbreakable as we thought." Chief Executive Dong said worriedly: "Several experts on our side have carried out this. Analysis, so we want to ask your opinion."

Zhou Hao noticed that there were a few other scholar-like people present, who thought they were the experts mentioned by Chief Executive Dong. And these few top experts who learned the rich and five cars were also looking at Zhou Hao with curious eyes. They were surprised when they saw Zhou Hao coming in. They didn't expect to be able to make Chief Executive Dong, Zeng Yingquan and The person whom Qin Bai two central bank governors valued so much was actually a young man who seemed to be in his early twenties.

Perhaps scholars are more or less arrogant, especially those who have outstanding achievements in a certain field, they look at others more critically, saying that they are arrogant or stubborn and pedantic. In short, if Without real materials, they will never get their respect.

Zhou Hao knows that he must not show his timidity in front of these scholars and experts, and he must use real materials to show them his strengths. Otherwise, this will not only be Zhou Hao's personal honor or disgrace, but will also make Zhou Hao's transcendental "consultant" without prestige. In any case, it will even embarrass the Zhao family and even the two supporters of him.

After thinking about it, Zhou Hao said: "It is true that after this battle, whether we win or lose, but the linked exchange rate system of the Hong Kong dollar and the US dollar has exposed our own weaknesses. We all know that Hong Kong's exchange rate The system adopts the linked exchange rate system, which is a form of the currency issuing board system. The core is that when a country or region wants to issue a certain amount of local currency, the currency must be issued with the support of foreign currencies of the same value. Take Hong Kong as an example. The Hong Kong Monetary Authority stipulates that one U.S. dollar should be exchanged for 7.8 Hong Kong dollars. Accordingly, for every 7.8 Hong Kong dollars issued, one U.S. dollar foreign exchange reserve must be used as support.

When Hong Kong's HSBC, Standard Chartered, and Bank of China, the three note-issuing banks issue currency, they must deliver the US dollar to the HKMA in exchange for a certificate of indebtedness at an exchange rate of 7.8 Hong Kong dollars to one US dollar, as a guarantee of currency issuance. At the same time, the HKMA must also ensure to the banking system that the Hong Kong dollars in all banks' settlement accounts in the HKMA are freely convertible at the level of one U.S. dollar to 7.8 U.S. dollars. "

Chief Executive Dong and Zeng Ying both nodded, while one of the experts over there put on his glasses and said noncommittal: "Well, these are all well-known things."

He also heard Zhou Hao said: "The linked exchange rate system has contributed to the stability of Hong Kong's currency for more than a decade, but this system also has inherent defects. Although the cash in circulation in Hong Kong is backed by 100% of the US dollar foreign exchange reserves, bank deposits are not. This is not the case. The HKMA only allowed note-issuing banks to issue 7.8 Hong Kong dollars in cash after receiving one U.S. dollar collateral. On top of this base currency, banks could use credit to create deposits in multiples. In 1997, Hong Kong’s cash in circulation plus various deposits totals more than HK$17,700 billion, while the amount of foreign exchange reserves converted into Hong Kong dollars is less than 700 billion. Obviously, if Hong Kong people lose confidence in the Hong Kong dollar, they demand that the Hong Kong dollar be converted into US dollars. , The linked exchange system cannot be maintained.

Moreover, in the face of a real crisis, because of the mechanism designed by the linked exchange system, the interest rate of the inter-bank lending market will soar, and the currency operation bureau system will not be able to perform the automatic arbitrage function during the crisis. Although the Hong Kong Monetary Authority requires banks to borrow Hong Kong dollars at the exchange rate of one U.S. dollar to 7.8 Hong Kong dollars, this is mainly limited to the three note-issuing banks. It is also difficult for note-issuing banks to frequently borrow Hong Kong dollars from the HKMA on a large scale through the discount window to avoid being warned by the HKMA of interest penalty. For other non-note-issuing banks, the interbank lending market is nearly paralyzed. The entire financial system will be difficult to operate, and the stock market will also face the risk of a sharp drop. "

Finally, Zhou Hao let out a sigh of relief: "Soros and the others saw this before they attacked Hong Kong aggressively."