These senior executives felt that Li Guangyu seemed to have anticipated what was going to happen. Otherwise, he would not have asked major groups to convert all their finances into US dollars except for necessary expenses a few months ago. Now they don't need to
Worried about suffering losses due to the depreciation of the Hong Kong dollar.
Especially Tianyu Bank, because their bank reserves a large amount of US dollars, Tianyu Bank has not refused customers' requests to exchange US dollars in the past two days. Although they know that the Hong Kong dollar is still depreciating, they exchanged the US dollars at this time.
The banks themselves will bear some losses, but they must do this for the sake of the bank's credibility.
What's more, the funds they use to exchange these US dollars also belong to the customers, and they actually do not suffer any losses in this.
Li Guangyu said, "Tianfan, your financial group must always pay attention to our foreign exchange reserves. Once they reach the warning line, they will transfer them from other regions. We must ensure that the citizens of Xiangjiang can exchange for foreign exchange at any time. Our major groups are
You can use Tianyu Bank's funds when necessary. I think the foreign exchange of major groups in your bank is enough for you to cope with this crisis."
Yuan Tianfan said, "Li Sheng, don't worry, we will make arrangements. Several major groups have nearly 20 billion US dollars in foreign exchange in our bank, which is enough to cope with the current crisis."
This year, Li Guangyu did not withdraw funds from any group, but also injected funds into some groups. Some of their actions have not yet started, so the funds in their accounts are very abundant.
For example, Wheelock Group currently has US$2 billion in foreign exchange in Tianyu Bank, which they plan to use to buy the bottom of the Hong Kong property market.
Hengyu Supermarket Group is even more terrifying. Although they have been expanding in Southeast Asia, Li Guangyu backed it with HK$5 billion.
They have 711 convenience stores in Hong Kong, Baodao and Japan, as well as cooperation with other places, allowing them to make very good profits in the first eight months of this year. These regions and Southeast Asia, plus the income of 711 companies, have made them very profitable in the first eight months of this year.
It earns nearly 10 billion Hong Kong dollars in revenue every month. This is the power of monopoly.
Especially in Xiangjiang and Baodao, these two areas are basically occupied by Hengyu Supermarket Group. They also share the world with Ito-Yokado in the Japanese market, which makes them very profitable.
Hengyu Supermarket Group therefore has 2 billion U.S. dollars in foreign exchange in Tianyu Bank, and except for the Xiangjiang area, the financial department in other places will automatically convert profits into U.S. dollars every month. Except for Xiangjiang, the industries under the Li Group are all based on U.S. dollars.
Final accounts.
Of course, the Pengyu Group in mainland China is calculated in RMB, and Li Guangyu also uses the profits earned by Pengyu Group in the mainland and has never been converted into foreign currency and transferred to Hong Kong.
As the profitability of Pengyu Group continues to improve, in the future, Li Guangyu will directly use the profits of Pengyu Group for many of his cooperation with mainland China and invest there in RMB, without the need for him to transfer foreign exchange.
Li Guangyu said, "Our media must stand up at this time and let the citizens know that there will be no problems in Hong Kong until the sky falls. Our Li Group is willing to work with them to tide over this difficulty. Hong Kong is
It is safe and stable, and the future of Hong Kong is worth looking forward to, so that they should not feel hesitant and anxious about it. At the same time, we should report the news that our supermarket group will never increase prices until the Hong Kong dollar is stable, so that citizens who are currently rushing to buy can
Peace of mind.”
Shi Shaoming, vice president of Jiayi Group, said, "Li Sheng, I will personally attend the special program to announce the decision of our Li Group to the citizens of Xiangjiang, and express my position on the current situation so that the citizens can settle down."
Le Yiling, vice president of Xiangyu Group and chairman of Xiangyu Daily, said, "Li Sheng, our Xiangyu Daily society will increase publicity in this regard and hope to stabilize the current situation in Xiangjiang."
After the meeting, Gan Qin held a press conference on behalf of Li Guangyu.
At 11 o'clock in the morning, in the second conference room on the second floor, dozens of reporters from Hong Kong media came here. At the same time, reporters from major media in the world based in Hong Kong also attended the press conference.
What has happened in Xiangjiang in the past two days has made all walks of life in Xiangjiang feel hesitant. The Li Group has a huge influence in Xiangjiang. This time the Li Group suddenly held a press conference, obviously having its own views on the future development of Xiangjiang.
Moreover, these reporters just saw numerous senior executives of the Li Group coming out of the first conference room. Apparently, the Li Group had just held a meeting to discuss the current situation in Hong Kong.
For this press conference, the three major TV stations in Hong Kong, Lisboa TV, China Television, CCTV, London TV, etc. conducted a live broadcast.
Gan Qin said, "Thank you everyone for coming to attend this press conference. This time, on behalf of Li Sheng, I will convey some news to all walks of life in Hong Kong."
"Due to some external factors in the past few days, there has been a rush to buy supplies in Hong Kong. At the same time, due to a large number of citizens exchanging foreign currency, the Hong Kong dollar has continued to depreciate, which has further aggravated the inner hesitation of Hong Kong citizens."
"We, Li's Hengyu Supermarket Group, promise that when the Hong Kong dollar has not yet stabilized, our supermarket group will maintain the current prices for sales. At the same time, in order to cope with the huge passenger flow, our Hengyu Supermarket Group will start from today, in the evening
The business hours have been extended to 12pm to facilitate everyone’s shopping.”
The media from all walks of life below were shocked when they heard the decision announced by Gan Qin. In the current situation, some small supermarkets that still exist in Hong Kong are taking the opportunity to increase prices. However, Hengyu Supermarket Group made such a commitment when the Hong Kong dollar continued to fall.
It's really unbelievable.
Anyone who understands economics knows that as long as the Hong Kong dollar continues to fall, Hengyu Supermarket Group will fall into loss-making operations. No one knows when the Hong Kong dollar will stabilize.
For Hengyu Supermarket Group to do this, it requires the Li Group to subsidize a large amount of funds to the group to maintain the operation of Hengyu Supermarket Group's Xiangjiang Supermarket, and Watsons and Hengyu Supermarket Group have always been regarded as one, and Hengyu Supermarket Group.
The decision is their decision. At least at this moment, the Li Group is worthy of the citizens of Xiangjiang.
A reporter from the Xiangjiang Economic News asked, "Ms. Gan, we know very well that with the decline in the value of the Hong Kong dollar, the cost of most of the imported products of your supermarket group will be higher. At this time, you maintain the original price sales to stabilize prices in Hong Kong. Why did Li Sheng do this?
decision?"
You must know that this incident has nothing to do with Li Guangyu and the Li Group. They can adjust prices according to market changes and obtain legitimate benefits. In this way, the citizens of Xiangjiang will not say anything. After all, operating at a loss is not what their businessmen should do.
thing.
Gan Qin said, "Li Sheng grew up in Xiangjiang. Our major groups originated and developed in Xiangjiang. It is with the support of Xiangjiang citizens that our major groups can develop and grow. This is an unforeseen disaster for the citizens of Xiangjiang.
We, the Li Group, hope to give confidence to the citizens of Xiangjiang. Li Sheng and his family, as well as our senior management of the Li Group, will stay in Xiangjiang and spend this difficult time with everyone. This time, Hengyu Supermarket Group is what the Li Group has brought to Hong Kong.
The welfare of millions of citizens.”
The reporters understood what Gan Qin meant. The Li Group was very confident in the future of Xiangjiang. They firmly believed that the future of Xiangjiang would be infinitely better.
5050391537065410
Please remember the first domain name and website address of this book.