Chapter IX Opportunities for Forced Signing of Banknotes
"What do you want all this waste paper for?" The third aunt put her palm on Chen Kui's forehead and said, "I don't have a fever at all."
"Third Aunt, I don't have a fever and am very conscious." Chen Kui said at a loss of whether to laugh or cry.
"Sober? Sober. What do you want with all this waste paper?" asked the third aunt. Hong Zhennan also put down his chopsticks and looked at Chen Kui, waiting for Chen Kui's explanation.
"I think the military government and banks will eventually recognize these banknotes." Chen Kui shook the 500-yuan banknote in his hand and said.
After Japan surrendered, all affairs in Hong Kong were temporarily managed by the temporarily formed military government, and the economic policy of wartime controls was lifted and free trade among the people was allowed.
At first glance, the 500-yuan banknote in Chen Kui's hand looks no different from the normal Hong Kong dollar except that it is new and old. But in fact, it is a "counterfeit banknote". To be more precise, it is not recognized by the military government and banks for the time being. The banknotes are "forced banknotes" issued during the Japanese occupation.
According to British currency laws, Hong Kong's three major note-issuing banks need to hand over the corresponding pounds to the Exchange Fund before issuing banknotes to ensure that the currency will not be wasted indiscriminately. However, after the Japanese army took control of HSBC, they forced a group of HSBC senior executives to They signed their names on a batch of banknotes in stock that had not been handed over as a deposit, and then put them into circulation in the market. The Hong Kong dollars worth about 120 million were called "forced banknotes". The Japanese army used this to plunder a large amount of wealth.
After the liberation of Hong Kong, the military government only allowed the legal circulation of these "forced banknotes" of less than 10 yuan, while large-denomination banknotes of more than 50 yuan were illegal by default.
There are various rumors in the market about how the military government and HSBC will eventually deal with this batch of banknotes, and they are spread in a well-organized manner, causing the price of this batch of large-value forced-signed banknotes to fluctuate violently.
It has been nearly half a year since Hong Kong was restored. As time goes by, HSBC and the military government have not issued formal documents, which directly leads to people's increasing distrust. Now the price of these forced-signed banknotes is very low in the market. Well, the real purchasing power of this 500-yuan banknote in Chen Kui's hands is probably less than 20 yuan, which has shrunk by nearly thirty times.
In his previous life, Chen Kui once read "Currency History" to show off. He clearly remembered that after the war, out of consideration for its own credibility and long-term interests, the Hong Kong and Shanghai Banking Corporation reached an agreement with the military government and finally recognized these forced currencies. This has laid the foundation for the long-term stability of the Hong Kong dollar and enhanced people's recognition of HSBC.
After investigating and understanding the basic market situation of these "forced signature banknotes," Chen Kui hoped that Hong Zhennan could help him purchase large amounts of forced signature banknotes.
"Admit it?" Hong Zhennan obviously didn't believe Chen Kui's judgment. "This batch of banknotes is worth nearly 120 million. If converted into pounds, it would be 7.5 million. If converted into gold, it would be as much as 26 tons. Such a huge sum. Money, how is that possible!"
The UK now implements strict foreign exchange control policies, and the currency at this time is still very valuable. According to the regulations of the British authorities, the current exchange rate between the pound and the Hong Kong dollar is 1:16, and the gold content of 1 pound is 3.58134 grams.
"That's right." The third aunt responded.
"Uncle, this is not how the accounts are calculated. The thinking at the national level is completely different from the thinking of ordinary people. For the sake of credibility, losing this money is nothing to HSBC. As long as it lasts long enough, sooner or later it will make more money." Come back, if people lose trust in HSBC, that's the real crisis for the bank."
In Hong Kong, in addition to HSBC and Standard Chartered, two banks are also legal note-issuing banks. Chen Kui has conducted an on-site investigation and found that the current situation of HSBC is indeed worse than the other two. The existence of forced issuance of banknotes has made many people
I don't really trust HSBC.
"What's more, it has been four years since the issuance of this batch of banknotes. If the war factors are taken into account, it is impossible to say whether there are still 10 million of 120 million banknotes on the market, so in fact, there are not as many as 120 million. I can't bear it for a while.
It hurts, it’s a 100-day glory, as long as HSBC is not stupid, it will definitely recognize this batch of banknotes." Chen Kui explained.
"So I judge that there is a high probability that forced signing of banknotes will be recognized. Based on this calculation, the profit of nearly 30 times is completely worthy of a gamble. Besides, my job in the newspaper is also very good, and the new novel is very popular.
, the newspaper is very popular, and the newspaper company pays dividends from the manuscript fees. Even if it fails this time, there is no need to worry about future livelihood issues."
Hong Zhennan tapped his fingers on the table, thought for a while, and then nodded and said: "You have read a lot and are knowledgeable. You can see this kind of things more accurately than my third uncle. That's okay, my third uncle can help you ask."
The original owner was quite capable, and his previous judgment on the general trend was basically accurate. In addition, Chen Kui's judgment was well-founded, so Hong Zhennan would believe Chen Kui's judgment this time.
Now that Hong Zhennan had set the tone, the third aunt said no more. She put her hand on Chen Kui's arm and said: "Akui, we won't go the day after tomorrow. We are literati, not vulgar people who dance with guns and sticks."
People who admit defeat will not be ashamed."
"Third Aunt, just relax, it'll be okay." Chen Kui held Third Aunt's hand and said with a smile: "We are not afraid of the little Japanese devil's guns, so how can we be afraid of that weakling?"
"Akui is right. You don't have to worry. Do something good at home. As long as I'm here, Akui will be fine." Hong Zhennan said, his tone full of confidence. His words also made the third aunt worry.
Put it in your stomach.
"Then, you must be careful."
…
March 22nd.
Zhenzi Martial Arts Hall.
"Senior brother." Seeing Hong Zhennan coming with people, Yang Zhenjun greeted him at the door and said with cupped fists.
"Where is that soft head?" Hong Zhennan stood in front of Yang Zhenjun and asked directly without returning the courtesy. This competition will be held at the Zhenzi Martial Arts Hall.
Looking at Chen Kui who was standing next to Hong Zhennan, Yang Zhenjun nodded, turned sideways, raised his hand and said:
"Senior brother, please come inside."
"Walk."
With that said, Hong Zhennan took Chen Kui and a dozen strong men and walked past Yang Zhenjun.
"Hey..." After everyone went in, Yang Zhenjun shook his head and sighed, then closed the door, turned around and walked in.
Inner hall.
"Sit." Hong Zhenzi was sitting in the middle of the hall, with a plaque saying "Hong Fist Authentic" on the table behind him. He didn't get up when he saw Hong Zhennan walking in. He pointed to the chair next to him and said.
"Are you worthy of these four words?" Looking at the plaque, Hong Zhennan said, he did not sit on the chair prepared by Hong Zhenzi. How could he, Hong Zhennan, succumb to Hong Zhenzi? The two people beside him,
Place an official hat chair that you carry with you behind Hong Zhennan.
"Whether you are worthy or not, you will know later. Acheng, please give me some advice from your master."
"Please give me some advice, uncle." Hong Gancheng took a step forward and cupped his fists with great momentum.
"..."
Hong Zhennan crossed his arms and leaned against the back of his chair, staring at Hong Gancheng with his tiger eyes.