Seeing that the argument was going on endlessly, Xosos immediately spoke up to silence the scene.
"Everyone knows the situation now. The Hong Kong dollar exchange rate and the stock market are interdependent. If a big problem occurs on either side, the other side will also suffer heavy losses.
Shen Bi, Li Jianhui, Bao Yugang, Feng Jingxi, Zheng Yutong, the five of you, please share your views."
The people present are also looking forward to the speeches of these people. The five people named by Kesos are currently representatives of the five major financial groups in Hong Kong. Their views basically represent the views of the upper class of the business community in Hong Kong. If these five people agree, That means the matter is settled.
As the largest financial group in Hong Kong and the head of HSBC, one of the Hong Kong dollar note-issuing banks, Shen Bi, like Pixar, gives priority to the Hong Kong dollar exchange rate.
Which is the lesser of the two? A sharp fall in the stock market will only harm the interests of some people. But if the Hong Kong dollar exchange rate plummets, it will harm the interests of all Hong Kong citizens. One bad move may lead to financial collapse in Hong Kong. Major financial institutions in Hong Kong Every effort must be made to maintain the stability of the Hong Kong dollar exchange rate.
After Shen Bi spoke, Li Jianhui said: This is the biggest crisis Xiangjiang Finance has faced in decades. Many reasons have led to the current situation.
For the financial stability of Hong Kong, for the economic development of Hong Kong, and for the common interests of all of us, the stock market needs to be stable, and the Hong Kong dollar exchange rate needs to be stable.
I also know that it is very stressful to balance both, but this time we are not fighting one company or one bank, but all our local listed companies and financial institutions in Hong Kong.
I think this time it can be divided into two, with HSBC, Standard Chartered, Xinjian, Hang Seng, East Asia, Dao Heng, Wing Lung and Sun Hung Kai Bank as the main ones to maintain the stability of the Hong Kong dollar exchange rate.
Mainly focusing on well-known companies such as Jardine Matheson, Swire, Wheelock Holdings, Whampoa Holdings, Huihong, Hang Lung, Shun Tak, Xinhui, Henderson, Sun Hung Kai Properties, Wharf New World, Cheung Kong and other well-known companies to maintain the stability of the stock market."
Subsequently, the chartering kings, Zheng Yutong, and Feng Jingxi spoke more in favor of maintaining the stability of the stock market. Although their major consortiums also have banks, they know the situation of their main industries better.
If we really ignore the stock market, many listed companies will become insolvent, and banks will also have a large number of bad debts, and their entire power may collapse.
After the five people spoke, Kesos said: "I personally prefer Mr. Li Jianhui's opinion. What do you think about this?"
Those present are all elites, and they know that only Li Jianhui's opinion is more suitable for the current situation. Whether it is only maintaining the stock market or only maintaining the Hong Kong dollar exchange rate, there will be some people who will oppose it.
It is better now that the forces that focus on the Hong Kong dollar exchange rate will maintain the stability of the Hong Kong dollar exchange rate, and the forces that focus on the stock market will maintain the stability of the stock market.
As for whether this will cause both sides to lose, this is not within their scope of consideration. As long as the two major banks, HSBC and Standard Chartered, are determined to protect the Hong Kong dollar exchange rate, and with the assistance of first-class local banks such as Xin Jian and East Asia, Xiangjiang Capital will not give them Add to the chaos and there won't be any problems.
Moreover, Xiangjiang currently has another big advantage for them, that is, many household assets have entered the real estate market. Not to mention how much deposits they have, they also need to pay their loans on time every month.
At nine o'clock in the morning the next day, Li Jianhui, Li Guobao, Bao Yugang, Zheng Yutong, Feng Jingxi, Shen Bi, Nubigian and others visited the live broadcast rooms of major TV stations to express their stance on the current situation.
This time, these are not just words. As soon as the stock market opened at 9:30, a large amount of money entered the market. Although the stock prices of most companies did not rebound strongly, they did not fall again.
At the same time, in the foreign exchange offices of major bank branches, no matter how much you come, you can exchange as much as you want. Banks such as HSBC, Standard Chartered, Xinjian, and East Asia have even opened a lot of exchange windows. Their attitude makes the world's hot money feel uncomfortable. Extremely tricky.
In particular, De Maple Bank, Blue Maple Holdings, Grosvenor Group, Lipu Holdings, Nanlong Holdings, Huaying Holdings, etc. have also entered the Hong Kong stock market and foreign exchange market with large sums of money, which makes these hot money think that the Rose Consortium has entered. Xiangjiang Market, and stood on their opposite side.
In the Xinjian Investment Department, Li Jianhui told Pang Yi: "In the stock market, we can just maintain the current stock price. There is no need to spend money to increase the stock price.
At the same time, pay attention to the foreign exchange market, with HSBC and Standard Chartered as the main players for the time being, and we will stay put for now."
This time, the purpose of Xinjian is to maintain the stability of the stock market and to ensure the foreign exchange exchange in the market. As for the foreign exchange market, HSBC and Standard Chartered are responsible for it. HSBC and Standard Chartered will eat whatever the institutions sell.
Controlled by Li Jianhui, several major groups including Blue Maple Holdings entered the Hong Kong market with a total of US$5 billion, which also injected a boost into all walks of life in Hong Kong.
The Hong Kong government is not idle either. In order to increase citizens' confidence, a large number of projects have been launched, including two subway lines from Tsuen Wan to Tin Shui Wai and from Shatin to North District via Tai Po, as well as the Eastern District of Hong Kong Island to Yau Tong, Sai Kung. Eastern Harbor Crossing.
At the same time, Xinjian Group applied for Xinjian University, East Asia, Xinjian, Dao Heng, and Wing On's four major banks applied for Heung Kong University of Finance and Economics, Hutchison Land, Wheelock Land, Chinese Real Estate, Xinjian Real Estate, Guanghua Construction, The Heung Kong Institute of Architectural Engineering applied by Kowloon Construction Industry, Hong Kong Airlines, Cathay Pacific Airways, and the Hong Kong Aviation Institute applied by Kowloon Airlines were also approved.
These are four more universities approved after the seven universities including Hong Kong University and the Chinese University of Hong Kong. Once these universities are put into use, they will completely solve the dilemma of insufficient higher education degrees in Hong Kong.
The approval of these four universities also means that the number of private universities in Xiangjiang will exceed that of public universities. Among the six private universities, there are as many as five related to the Xinjian Department. This also shows that Li Jianhui attaches great importance to talent cultivation.
Li Jianhui has taken advantage of this, but it is not without exchange. In addition to the three major airlines that choose the construction sites of the Aviation and Flight College, these four universities will also be located in Xinjian University, Xiangjiang University of Finance and Economics, and Xiangjiang College of Architectural Engineering. Shatin is located to the north and south of Tai Po, and is adjacent to the Chinese University of Hong Kong, Hong Kong City University, Hong Kong University of Science and Technology, and the Hong Kong Academy of Drama, making it a veritable university town in Hong Kong.
Fortunately, Tung Wah Club did not suffer too much. Although there were not many layouts in Shatin, it still purchased a lot of land in Dapu.
Coupled with the subway from Tin Shui Wai and North District to the city, and the undersea tunnel from Tseung Kwan O to Eastern District, overall, Tung Wah will make a lot of money this time.
This crisis is both a disaster and an opportunity for the Tung Wah Association.
As long as we survive the current crisis, not only the wealth of the Xinjian Clan will skyrocket, but the wealth of other members of the Tung Wah Association will also experience a surge.