On October 15th, after nearly a month, good news for Xiangjiang finally came, which made the citizens of Xiangjiang finally feel at peace.
As the news spread, the panic buying of supplies and the run on foreign exchange in Hong Kong began to decrease, and the exchange rate of the Hong Kong dollar against the US dollar stopped at the peak of 86 and did not continue to fall.
The Hong Kong Monetary Authority also officially announced today that the Hong Kong dollar and the US dollar will maintain a fixed exchange rate at an exchange rate of 78 Hong Kong dollars to 1 US dollar.
In Li Guangyu's office, Gan Qin came to Li Guangyu's office as soon as he received the news and reported the good news to him.
Tianyu Bank has been under great pressure these days. As of yesterday, Tianyu Bank had exchanged more than 8 billion US dollars in just a few days.
If it continues for a few more days, Tianyu Bank's foreign exchange reserves will fall to the warning level. Once problems arise at Tianyu Bank, the entire Li Group will be put into a passive position.
These two consecutive pieces of news are very good news for the Li Group. Only if Xiangjiang can maintain peace and stability will the Li Group be able to move forward steadily and rapidly.
The Hong Kong government announced the fixed exchange rate of the Hong Kong dollar, and the foreign exchange run crisis dissipated, and the crisis of Tianyu Bank was also resolved.
This time, major banks have also just received news from the Xiangjiang Monetary Authority. Today, major banks have temporarily suspended foreign exchange exchanges. Starting tomorrow, all major banks qualified to exchange foreign exchange will conduct exchanges according to the new stipulated exchange rates.
It is already four o'clock in the afternoon, and the major banks still have an hour and a half to go before closing. They have suspended foreign exchange exchanges today, so it will not have much impact.
This time, the reason why the Hong Kong Monetary Authority chose to implement a fixed exchange rate to maintain the stability of Hong Kong while receiving good news about the situation in Hong Kong was also affected by the negotiations. They must maintain the stability of all walks of life in Hong Kong before they can have a future.
Negotiations are possible, but the mainland will never allow chaos in Xiangjiang.
Li Guangyu said with a smile, "The most difficult moment in Xiangjiang has passed. Now it's time for some of our groups to enter. Please inform the senior executives of each group in Xiangjiang above level 12 to have a meeting in the second conference room at half past five."
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Gan Qin knew that after waiting for more than a year, it was time for them to take action. Now the property market has reached a low point. Compared with the beginning of 1982, even if we don't take into account the changes in the exchange rate, in terms of Hong Kong dollar prices, the prices in many areas are
House prices have dropped by half, and some people who are in urgent need of money have even dropped their rooms by two-thirds, bringing the price back to the price in early 1978.
Currently, most of Hengyu Supermarket Group's stores in Xiangjiang are rented. This time they will definitely implement the policy in other areas, buy these stores and implement store-ownership.
The Wheelock Group is even worse. It was once one of the four major foreign banks in Hong Kong. Some companies were merged by other groups owned by Li, and the shipping company continued to shrink, causing the market value of the Wheelock Group to decline.
In 1982, Guo Qingya started the sales and sales model again, which caused the Wheelock Group to continue to reduce its real estate properties. Now the Wheelock Group does not have many properties at all, which makes their group completely different from before.
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This time Wheelock Group will stage a return of the king drama. Li Guangyu originally injected 15 billion Hong Kong dollars into the group. In addition to 5 billion used for the construction of Lisboa Racing City and Southeast Asia, this time they have gone through this crisis.
After that, most of the more than 16 billion Hong Kong dollars just recorded will be used for property acquisitions.
As for the construction of the Wheelock Group Building, they will leave part of the funds to ensure that the Wheelock Building can be put into operation on New Year's Day, 1986.
While Li Guangyu was happily thinking about future development, in Shen Bi's office at HSBC Bank, Shen Bi was filled with anger and unwillingness.
In the past few days, he has contacted Monetary Authority Director Crosso Deshawn, Governor Yoder, and visited Administrator Bob Laken, hoping to delay the announcement of the Hong Kong dollar exchange rate.
It's a pity that his power alone is too small, and it is not the Xiangjiang government that can make the decision here. After the fifth round of negotiations over there, they followed the British government's decision and immediately announced policies to maintain Xiangjiang's financial stability.
This made Shen Bi's plan to bring down Tianyu Bank impossible to implement. Even though Tianyu Bank conducted strict checks on the information these days, Shen Bi still arranged for personnel to exchange U.S. dollars at Tianyu Bank.
He was just worried that Tianyu Bank would notice, so he made careful arrangements. In these days, the people he arranged had emptied Tianyu Bank's foreign exchange of more than 2 billion US dollars.
Shen Bi's miscalculation was that he didn't know how much foreign exchange Tianyu Bank had. Not many people were exchanging money. Tianyu Bank's foreign exchange seemed to be endless, and there was no tension at all.
According to Shen Bi's thoughts, after Tianyu Bank's crazy exchanges some time ago, it is already terrifying that he still has 5 billion US dollars in foreign exchange in hand. Unexpectedly, he has exchanged so much in the past few days and still has no gap in their foreign exchange. .
Shen Bi knew very well that he might not be able to hold on to his current position this time. There was no problem with Tianyu Bank this time. His own operations had reduced HSBC's profits a lot. The directors behind HSBC would definitely dissatisfied with him.
While he was still thinking about things, the phone on his desk rang.
Shen Bi picked up the phone receiver and said, "Hello, I'm Shen Bi, who are you?"
"Shen Bi, it's me, Stick."
When Shen Bi heard that the call was from HSBC shareholder Stick Sutherland, he knew that someone had probably reported the HSBC incident to him.
HSBC was founded by Thomas Sutherland in the last century, and the Sutherland family is now helmed by Stick Sutherland.
"Xiu Dalan, I wonder why you called me at this time?"
Regarding Shen Bi's actions in the past few days, shareholders like them all know that this operation is actually just a decrease in profits for HSBC. These funds originally belong to customers. These customers exchange US dollars with them, and they use some means to transfer these Hong Kong dollars to Go to Tianyu Bank to exchange.
HSBC's hard work was just in vain during this period. It was just a loss of profits, not a loss.
But these shareholders didn't think so. This time, it was clear that HSBC knew the information in advance and could make money while lying down. As a result, all the profits were sent to Tianyu Bank, which made some of them have opinions on this.
Shen Bi's working ability at HSBC over the years has been highly recognized by HSBC shareholders. Under normal circumstances, these shareholders will not interfere with the policies implemented by Shen Bi.
But now they have to ask questions. Not only has HSBC not made any big breakthroughs in development in the past two years, but it has made major mistakes in some places, which makes them start to question Shen Bi's ability.
Stick Sudaran said, "Shen Bi, please suspend all actions against the Li Group these days. Our major shareholders will arrive in Xiangjiang on October 21st to discuss the future development of HSBC. You yourself You must also be mentally prepared, as some shareholders are already very dissatisfied with you, and at the shareholders' meeting, some shareholders may propose to revoke your current position."
Shen Bi replied, "Xiu Dalan, I will maintain the stability of HSBC these days and wait for your arrival."