After He Jin left, Li Guangyu asked Gan Qin to inform Yuan Tianfan to come to his office. The current exchange rate is estimated to have reached a low, and now is the time for them to take action.
Li Guangyu is very clear that the Hong Kong Monetary Authority is about to introduce an exchange rate policy to preserve the value of the Hong Kong dollar. From now on, the Hong Kong dollar and the US dollar will implement a fixed exchange rate, and the fixed value is 78. Now it is 85 Hong Kong dollars per US dollar. Regardless of whether it is for the purpose of stabilizing Hong Kong dollars
The public's sentiment is still to recover their banks' large losses in US dollar exchange in the early stage. Now several major banks such as Tianyu Bank and Xiangjiang Bank are taking action.
After Yuan Tianfan entered the office, he said to Li Guangyu, "Li Sheng, do you have any instructions?"
Li Guangyu stood up and said, "Tianfan, sit here."
After sitting down, Li Guangyu and Yuan Tianfan discussed the issue of fully liberalizing the exchange of Hong Kong dollars for US dollars by Hong Kong citizens and various institutions.
As soon as Yuan Tianfan heard this, he knew that Li Guangyu believed that the time was ripe. It was estimated that the Hong Kong dollar exchange rate would rebound soon, and now was the time for them to take action.
He responded, "Li Sheng, our Tianyu Bank has made comprehensive preparations in this regard. Starting tomorrow, all major business offices in Hong Kong will lift the restrictions on the exchange of Hong Kong dollars into US dollars for all citizens and financial institutions in Hong Kong. For this operation,
Our bank also specially repatriated some U.S. dollars from Takarashima, Japan and Southeast Asia. At the same time, according to your instructions, we also borrowed a total of 10 billion U.S. dollars from Sumitomo Bank, Mitsui Banking Corporation, and Fuji Bank for this operation."
This time, for this operation, Li Guangyu specially mortgaged the shares of Xingyue Real Estate Group, Xingyu Game Group, Xiangyu Culture Group, Hengyu Supermarket Group, and Xiangjiang Air Transport Group to several major banks, and borrowed 10 billion US dollars.
The loan lasted for one month just for this operation. This time Li Guangyu wanted to wipe out all investment institutions in Hong Kong dollars.
Xiangjiang citizens, as long as they are customers of several major banks, have basically completed foreign exchange exchange a long time ago. Even if the Xiangjiang government implements a fixed exchange rate of 78 this time, they will basically not lose money, and those who exchange early can still make a little profit.
Nowadays, those who continue to exchange Hong Kong dollars for foreign exchange are mainly financial investment institutions. They achieve profit through a series of operations.
This one-month loan requires 100 million U.S. dollars in interest. This is because of the favor of the Sumitomo family and the Lee Group. Otherwise, the interest would have been higher. If Li Guangyu hadn't known that the Hong Kong dollar would have a fixed exchange rate against the U.S. dollar in the future78
, he would not take such a risk.
Li Guangyu said, "Tomorrow your Tianyu Bank will hold a press conference to announce this matter. You must let all walks of life in Hong Kong know about this matter as soon as possible. With the latest information, the government has completed discussions and is waiting for Governor Youde and
The agreement is expected to be promulgated within a week, so you don’t have much time.”
…
At 9:30 a.m. the next day, Tianyu Bank held a press conference in the press conference hall on the second floor. The meeting was chaired by Xia Xueping, general manager of the administrative department of Tianyu Financial Group.
"Thank you all for coming to attend this press conference held by Tianyu Bank. This time it is mainly for Tianyu Bank. I only represent Tianyu Financial Group, so please do not mention the issues of other groups under Li's family."
Since the Lee Consortium has many groups, when some groups hold press conferences, some reporters will always ask questions that have nothing to do with the group, making them more embarrassed.
In order to avoid such a situation from happening, every time I hold a press conference, I will make an explanation in advance and refuse to answer any questions that have nothing to do with the group or company I represent.
Now these reporters have seen and understood the situation of the Li Group's press conference. Each major group has its own spokesperson for the press conference. They are usually the general managers of the group's administration department. When major issues arise, the group president will personally
Attend.
As for the spokesperson representing the entire Li Group, it is usually Gan Qin, and in special circumstances it will be Li Xuemei. When the two of them serve as spokespersons, reporters can ask all questions about the Li Group.
Xia Xueping said, "I am announcing today on behalf of our group that in order to maintain the stability of the financial situation in Hong Kong, in order to ensure the payment of foreign exchange for the citizens of Hong Kong and some financial institutions, after discussions between Li Sheng and the senior management of Tianyu Financial Group, starting from today, our Tianyu Bank will
The exchange of Hong Kong dollars for U.S. dollars is open in front of major business outlets. Regardless of whether you have been a customer of one of our major banks before, you can exchange foreign exchange (U.S. dollars) at Tianyu Bank."
Xia Xueping's announcement shocked even the reporters who came here. The Hong Kong dollar continues to fall. In the past few days, Tianyu Bank has ensured that several major bank customers can exchange for US dollars, and has suffered a lot of losses.
At this time, in order to stabilize the financial situation in Hong Kong, restrictions are fully relaxed. If the Hong Kong dollar exchange rate cannot be stabilized as soon as possible, Tianyu Bank will suffer heavy losses.
Since this press conference was broadcast live on Jiayi TV, countless people in Xiangjiang cheered with Xia Xueping's announcement.
The continuous fall of the Hong Kong dollar makes them full of anxiety, especially some people who hold a large amount of Hong Kong dollars but have been unable to exchange them for US dollars. There are also some financial institutions who have a lot of Hong Kong dollars in their accounts, but they are not big.
Bank customers, so they have no chance to exchange foreign exchange.
The same is true for banks in Hong Kong in some areas. Seeing that the Hong Kong dollars in the banks continue to depreciate, they are also worried. They wish that the banks would convert all the Hong Kong dollars into US dollars so that they would not lose money.
And now their opportunity has come. The Li Group is very wealthy. After so many days, they have not seen any depletion of foreign exchange. This time they have gone a step further and fully relaxed exchange restrictions, which is enough to show how strong the Li Group's foreign exchange reserves are.
.
After seeing the news, these institutions and banks did not pay attention to the news behind the press conference. They all held high-level meetings of the company and the bank to arrange the exchange of U.S. dollars at Tianyu Bank, which also caused them to suffer big losses this time.
Xia Xueping said, "We, the senior management of Li Shenghe Group, ask everyone to believe in the Hong Kong government. The Hong Kong dollar will soon stabilize. If it is not urgently needed, everyone can wait. Maybe the Hong Kong dollar exchange rate will rebound. It may not be possible to exchange it now."
unfavorable."
Xia Xueping doesn't care whether people from all walks of life in Xiangjiang believe it or not, she must say this at the press conference. The future losses of these exchange institutions and individuals have nothing to do with Tianyu Bank. She and others have already reminded them. If they don't believe it, it is their own problem.
.
Many people expressed doubts about Xia Xueping's words, especially some financial institutions. They believed that the Li Group wanted to maintain the stability of Hong Kong's financial situation and reduce its own losses, so they said this.
The purpose is to make all walks of life stop or reduce the exchange of U.S. dollars, so that the pressure on Tianyu Bank will be less.
For this reason, some financial institutions have also accelerated their contact with Tianyu Bank to exchange US dollars with them. They are worried that if it is too late, Tianyu Bank's US dollar reserves will be gone, and then they can only watch the opportunity slip away. After all, no one can
Do you know how much foreign exchange reserves Tianyu Bank has?