Hong Kong Movies: You Hongxingzi, what the hell is the charity king?

Chapter 724 "723" Guan Zu planned ahead for the Asian financial crisis! Prime Minister Major sent people to Hong Kong!
The Governor of Hong Kong also announced that he would participate in the dragon boat race, making the Dragon Boat Festival's dragon boat activities the hottest topic in Hong Kong.

The government's dragon boat race was also scheduled to take place at Shing Mun River in Sha Tin District.

why?

The dragon boat races on Hong Kong Island are held in Victoria Harbour, Aberdeen and Stanley, all of which are by the sea so there are naturally waves.

Only the Shing Mun River in Sha Tin District is a river with a stable flow and no waves.

Suitable for beginners.

then,

On the Saturday and Sunday of the second week, not only did the Five Star Group train at the Shing Mun River in Sha Tin, but even government officials came to train.

Among them was Ashdown.

"Wow, the Governor is here too!"

"Mr. Guan and the Governor are the two most powerful people in Hong Kong Island. I didn't expect that they would all go to Shatin District to row dragon boats today."

“Shatin, mighty!”

the next day,
When more citizens heard that the Governor was going to Sha Tin for training, they all rushed to Sha Tin to watch.

Now Sha Tin is even more lively.

However, the area on the government side was separated from the area of ​​the Five Star Group. The upstream Five Star Group was training, and the downstream government was training.

So the on-site training was not a mess.

Many citizens looked at Guan Zu upstream and the Governor downstream, and thought to themselves:

"Didn't the two of them fight?"

Damn fun guy!

Fortunately, Guan Zu is also a fun-loving person...

then,

On Sunday afternoon, after training, Guan Zu went downstream and met Ashdown who was training (forking off) and playing in the water in the river.

This was the first time that Guan Zu had such close contact with Ashdown.

"Hello... Your Excellency the Governor..."

"Guan Zu!"

The two looked at each other from a distance, sizzling~~~~
Many citizens and neighbors began to shout with excitement.

“Hahaha~ I feel like a fight is about to break out!”

Guan Zu shouted loudly: "Governor, does the government dragon boat team dare to compete with the Five Star Dragon Boat Team on the Dragon Boat Festival?"

Governor Ashdown: "Come on! Who's afraid of who?"

All the neighbors cheered.

Fun achieved!

There's something exciting to watch.

On Monday morning, Five Star Group issued a notice to the entire group:

"All staff: The Dragon Boat Festival is coming, and it's time for dragon boat racing! Since the Governor of Hong Kong, Mr. Ashdown, gladly accepted our challenge, we now officially call on all staff to actively prepare for the competition and face the Hong Kong British Government Dragon Boat Team with high morale!"

“Rewards: The winning team will be awarded the title of “Super Male Team of the Year” and publicly recognized on TV; Cash incentives: Each team member will receive a reward of HK$1000 to share the joy of victory.”

In the afternoon, the British Hong Kong government also issued a notice to the entire department:

"All departments: On this Dragon Boat Festival, in order to show the style of public officials... respond to the challenge of the Five Star Group Dragon Boat Race and defend the honor of the government with strength!"

"Reward: The winning team will receive..."

This time,

All the fleets were excited and ready to go.

I'm not very enthusiastic about civil wars, but if I have to compete with people outside, then I'll be interested.

……

……

5 month 20 day,
The Advanced Level Examination in Hong Kong Island has officially ended.

Students who take exams in Hong Kong have their status instantly changed from "emperor" to "little brother". At home, they usually have everything they want, and they only need to ask for money. However, after the exams, their parents start to look at them with disgust. Giving them money? It's even more impossible.

"Summer vacation is here, hurry up and get a job!"

"Stay at home, do you still want me to support you?"

"You're such a waste after all you've grown up to be!"

"Go to Shenzhen, Dongguan, and Guangzhou to see where there is money to be made!"

Graduates: “…………”

Dumbfounded.

Are these still the parents who are gentle and considerate to me?

The treatment has plummeted!
It's so raw!

……

5 month 27 day.

10 o'clock in the morning.

After a month and a half of waiting, the first phase of the "Hong Kong Drainage Network Upgrade and Reconstruction Project" has finally been officially launched to the whole of Hong Kong.

Wong Tai Sin.

The Wong Tai Sin area, which had previously been ravaged by heavy rain, has now returned to its former bustling order.

In a square, a striking title "Hong Kong Drainage Network Upgrade and Reconstruction Project" is hung.

It is clearly marked below as "Five Star Group Drainage Services Department and Independent Commission Against Corruption Joint Project".

Below the stage, disaster-stricken citizens, media reporters and community representatives were crowded together, and the atmosphere was both solemn and warm.

On the red carpet podium,

Guan Zu was wearing a neat dark suit, and his eyes were steady behind his gold-rimmed glasses.

"Good morning, all Hong Kong citizens and friends from the media."

"Last month, Typhoon Signal No. 8 roared past, causing flooding in many areas of Hong Kong..."

As he spoke, he turned and pointed to the large backboard behind him, on which was a huge map.

"This is the map of the renovation project..."

"It involves all districts in Hong Kong and is a unified plan..."

"The total investment in this project is as high as HK$40 billion, of which the Five Star Group will bear HK$20 billion and the government will also allocate HK$20 billion. The use of every penny will be audited and supervised by the Independent Commission Against Corruption... and will be disclosed to the public every month to ensure complete transparency..."

As soon as he finished speaking, the audience burst into warm applause.

Next, the Director of Drainage Services, Li Mingan, took the stage and said: "The Drainage Services Department has quickly set up a professional engineering team... The renovation of Wong Tai Sin is just the beginning. The renovation plans for the hardest-hit areas such as Chai Wan and Hong Kong Island have also been launched simultaneously..."

"The new system will use high-density polyethylene... the 'one in five years' rate will be significantly increased to 'one in fifty years' rate..."

Then, Lu Zhilian, deputy director of the ICAC Investigation Department, came to the stage and said: "The ICAC will send a special team to monitor the use of funds throughout the process..."

After the three parties appeared,

When the reporters asked questions, a reporter from Ming Pao was quick to raise his hand and asked:

"Mr. Guan, is the ICAC involved in this project because corruption in government projects has been frequent in the past?"

Guan Zu said bluntly: "Openness and transparency have always been the bottom line that the Five Star Group adheres to. We took the initiative to invite the ICAC to supervise, not to suspect a certain person or a certain link, but to reassure all Hong Kong Island citizens - every penny of the 40 billion funds must be truly implemented..."

Then, the Oriental Daily reporter asked Lu Zhilian: "How does the ICAC ensure that the audit process is not interfered with?"

Lu Zhilian responded categorically: "The audit team reports directly to the Commissioner of the ICAC..."

After half an hour of speeches and interviews,
At 10 o'clock, the groundbreaking ceremony officially began.

Guan Zu, Li Ming'an and Lu Zhilian walked together to the first construction area next to the Wong Tai Sin MTR station, and together they wielded shovels to shovel up the first handful of soil to symbolize the start of the project.

At noon and in the evening, Asia Television and TVB reported the news. TVB: "The roar of machines at the construction site and the bustling scene announced that the upgrading and renovation project of the drainage network in Hong Kong Island has officially begun..."

ATV: "This renovation project bodes well for the quality of life of citizens..."

……

……

At 3 o'clock on Thursday afternoon, a British Airways passenger plane with a silver-gray luster cut through the cloudy sky of Hong Kong Island and landed smoothly at Kai Tak Airport.

The hatch opened and the leader, William Harris, dressed in a dark gray suit, walked out.

Behind him were more than a dozen people in suits and ties, who came in batches, pretending to be strangers, blending into the crowd, leaving the plane one after another, and disappearing in the bustling crowd in the arrival hall.

After half an hour,

In a luxurious suite on the 12th floor of the Mandarin Oriental Hotel, thick curtains block out the noise outside the window.

Harris untied his tie, glanced at his subordinates sitting around the room, and said in a deep voice:
"By order of the Prime Minister,"

"We are here on Hong Kong Island to investigate the Governor, Paddy Ashdown."

Why is the Prime Minister, who is far away in Britain, so anxious?

Because the prime minister election will take place in less than two years, and the Labour Party is now gaining momentum, Major is not sure of winning.

So he must grasp the benefits he can grasp as soon as possible.

For example – the parasitic plan of the Hong Kong Five Star Group.

He was afraid that Ashdown had betrayed his interests.

Harris looked serious.
"Ashdown was promoted by the Prime Minister himself. He was expected to take control of the situation in Hong Kong Island, but now it seems that he has done nothing. It can even be said that he has lost a lot of interests that belong to our Great Britain!"

"So the Prime Minister suspected that he was colluding with local businessman Guan Zu. But after the Special Branch evacuated, the Prime Minister no longer had anyone he could trust in Hong Kong Island, so he sent us here."

"Boss, what exactly do you want to investigate?" asked a blond man wearing gold-rimmed glasses.

"First, find out whether Ashdown and Guanzu are really colluding, and what interests they have in common;"

"Second, conduct a comprehensive investigation of Guan Zu's power and strength, his business empire, and his personal connections."

Harris said as he took out a few documents from his briefcase and placed them on the table.

"These are clues provided by some Yingzi companies in Hong Kong Island. We will investigate according to these clues."

"Yes!" Everyone responded in unison.

Harris stood up, put his hands on the table, and looked at everyone firmly:

"This operation must be secretive and efficient. The Prime Minister does not want evidence, but an assessment report..."

"Watson, you take three people and monitor the Governor's House and keep a close eye on Ashdown's every move."

"Jones, you take eight people and investigate Guan Zu's business... The others will assist them and report any developments at any time."

"Yes!"

There was a uniform response in the room.

Harris stood up, held his head high, and said passionately: "Gentlemen, we now shoulder the trust of the Prime Minister and the mission of the British Empire."

"For the glory of the empire!"

"For the glory of the empire!"

Everyone stood up at once, put their right fists on their chests, and shouted in unison.

"action!"

……

……

Central Plaza.

Top floor, Guan Zu’s office.

"You presided over the "Drainage Network Renovation Project", which benefited the entire Hong Kong Island..."

"Your rewards are as follows:"

"Reward 1: "Hong Kong Island Citizens" support rate +2%. "

"Reward 2: Double return of 20 billion funds..."

"Reward 3: "Bulletproof suit material technology"..."

"Reward 4: "Superman Glasses" * 4...)"

When Guan Zu saw the third reward, his eyes paused.

at this time,

“Knock knock knock~~~~”

There was a knock on the office door.

"Brother Zu!"

Fang Zhanbo walked in.

"sit."

Sit on the sofa,
Guan Zu looked at his brother-in-law Fang Zhanbo and smiled, "How is it going? Have you found a girlfriend?"

Fang Zhanbo quickly changed the subject: "Ahem~~~ Let me report on the current work progress..."

Guan Zu shook his head and smiled: "Okay, I won't rush you."

Fang Zhanbo began to introduce his recent work progress: "According to your instructions, Brother Zu, I will send headhunters to Southeast Asian countries starting in March to recruit experts in the financial industry..."

"We have already recruited two talents from Thailand..."

"We recruited one talent each from the Philippines, the United States, and Malaysia..."

Guan Zu shook his head: "It's still not enough, I need more."

Fang Zhanbo: “Okay!”

Guan Zu: "I have investigated countries such as Thailand, the Philippines, the United States, Malaysia, etc. They are all linked to the US dollar..."

"Especially now that their economy is developing too fast, inflation will be very severe..."

"Once attacked by others, the risk will be particularly great..."

Why did Guan Zu ask Fang Zhanbo to recruit financial talents from Southeast Asian and South Asian countries?
The purpose was to pave the way for the Asian financial crisis that began in February 97.

现在是95年5月，到97年2月，还剩下1年9个月。

Considering the time it takes for funds to lurk into various countries, one year and nine months is not a long time.

According to the original history,
In 1997, Thailand implemented a long-term exchange rate system pegged to the US dollar. Against the backdrop of the appreciation of the US dollar, the Thai baht was overvalued, seriously weakening its export competitiveness, highlighting the imbalance of the economic structure and causing a serious bubble in the real estate market.

In February 1997, international speculators represented by Soros's "Quantum Fund" noticed the hidden dangers of Thailand's economy and began to tentatively sell Thai baht and buy US dollars.

Although the Bank of Thailand intervened in the market and temporarily stabilized the Thai baht exchange rate, its own foreign exchange reserves were consumed significantly.

Then Soros used his influence to call on a large number of international hot money to work together and launched a more fierce attack on Thailand in May 1997, causing the Thai baht exchange rate to fall sharply.

Although the Thai government vigorously defended the fixed exchange rate and claimed that speculators would lose all their money, by mid-June, its foreign exchange reserves were almost exhausted.

On July 7, Thailand had no choice but to announce that it would abandon the fixed exchange rate system and implement a floating exchange rate system. The Thai baht plummeted by 2% that day and the financial crisis officially broke out.

Subsequently, the financial crisis quickly spread to other Southeast Asian countries.

The Philippine peso, the U.S. rupiah, and the Malaysian ringgit have all become targets of attack, and the currencies of various countries have depreciated one after another.

On July 7, the Philippines gave up its intervention in the peso, and the peso depreciated sharply; in August, Malaysia gave up defending the ringgit; the depreciation of the Nepalese rupiah was even more alarming, falling to a historic low on August 11, and Nepal subsequently sought help from the International Monetary Fund.

In November 1997, the crisis spread to South Korea. Bankruptcy cases of large South Korean business groups occurred frequently, triggering a credit crisis in the banking industry. The Korean won exchange rate fell sharply, the stock market plummeted, and foreign exchange reserves were exhausted. Eventually, South Korea turned to the International Monetary Fund for help and accepted economic reform plans.

It then spread to Hong Kong. In October 1997, the Hang Seng Index fell sharply. The Hong Kong Monetary Authority initially responded by raising interest rates, but the effect was not good.

In early 1998, the crisis deepened further, the U.S. financial crisis worsened, the U.S. rupiah exchange rate plummeted, the inflation rate soared, and President Suharto was forced to step down.

It was precisely because of this crisis that the country began to shift its internal conflicts and directed its spearheads at the Chinese, leading to the PH riots.

In June and July 1998, international speculators began to gather and the army began to attack the Hong Kong financial market.

(End of this chapter)