Rebirth of Hong Kong 1981

That being the case, why not engage in the financial and service industry, with the support of a market of more than one billion people in the inland region, and the backing of a big country with a continuously recovering economy, Xiangjiang can be the best in the financial service industry, and no one can stand in its way. Can't live.

This can be seen from the fact that Xiangjiang has become the third largest financial center after New York and London in later generations.

Xiangjiang does not need too many manufacturing elites in the future, and it will not be of much use for these people to stay. It is better to let those who want to immigrate transfer to North Australia.

It just so happens that these elites with ability, technology, and experience in creating manufacturing industries are what Yang Chen needs most now.

This not only solves the social stability of Xiangjiang, but also speeds up the construction of Northern Australia. It kills two birds with one stone, so why not do it.

Chapter 858 Currency Depreciation

"Achen, what do you think of the recent Hong Kong dollar fluctuations?"

Huo Zhenting ended the question without convincing Yang Chen on the immigration issue. He was afraid that if he let Yang Chen continue talking, he would not convince the other party, but the other party would convince himself first.

Yang Chen took a sip of his tea, and said in a calm tone, "I seem to have reminded you before."

Huo Zhenting: "I told the old man, but a long time ago, the Huo family's funds had been transferred to the inland side, and whether the depreciation of the Hong Kong dollar has little impact on the Huo family."

"Now the old man is worried that if the Hong Kong dollar continues to depreciate like this, Xiangjiang may really become chaotic. The inland side attaches great importance to this issue, and they don't want any turmoil in Xiangjiang."

"Don't worry, there will be no chaos in Xiangjiang. I have ordered Hang Seng Bank to make preparations."

Seeing Huo Zhenting staring at himself curiously after listening, Yang Chen couldn't help but smile and said: "You know, I made a little money in the United States before, and I had a lot of dollars in my hand. It’s the same as keeping it in Hong Kong dollars.”

Huo Zhenting: "..."

'made' a little 'money'

'There are a lot of dollars in my hand'

...

These words, only from Yang Chen's mouth, won't make people too surprised.

Still, some speechlessness is true.

Regarding the ability of Yang Chen's game company to attract money, even Huo Zhenting couldn't help being jealous, especially when he heard that Orange Technology Company had pulled down the No. [-] game giant in the United States, and then it was reported that it was planning to acquire the No. [-] U.S. giant company.

To be honest, Yang Chen's movements are getting bigger and bigger now, even with his character of not fighting or grabbing, he still feels a little stressed.

The acquisition of an American company, and it is still a giant in the industry, even if the game industry is only a new industry, but with the value generated by the game industry in the past few years, especially after the emergence of Orange Technology, the output value of the game industry has actually far exceeded many traditional industries. industry.

Therefore, when the news that Orange Technology Company was planning to acquire the No. [-] game giant in the United States came out, not only the entire United States was shocked, but even the overseas media started to report extensively after hearing the news.

Of course, whether there are more or less dollars is just an excuse.

Since the beginning of [-], British-funded enterprises and non-Xiangjiang enterprises have been pessimistic about Hong Kong's economy, and British-funded enterprises and non-Xiangjiang local enterprises have continuously issued news of leaving Xiangjiang.

Due to the series of actions of these companies after the news was released, a large amount of funds flowed out, resulting in a continuous decline in Hong Kong's foreign exchange reserves, which in turn caused the Hong Kong dollar exchange rate to fall in a straight line.

From four to five Hong Kong dollars for one U.S. dollar a few years ago, it has directly fallen below about eight Hong Kong dollars for one U.S. dollar, and this figure is still falling.

As one of the most economically prosperous regions in Asia, Hong Kong is also a free economic zone. Foreign exchange is very important to Hong Kong, which can maintain the continued prosperity and stability of Hong Kong's economy.

Compared with manufacturing companies leaving Xiangjiang and elite immigration, these issues are far less than the loss of foreign exchange, which has a greater impact on Hong Kong's economy.

Since Xiangjiang pursues a free economic system, such things as restricting currency exchange cannot happen unless it is absolutely necessary.

Once Xiangjiang makes any regulations that hinder the restrictions on currency free exchange, the entire Hong Kong economy will be greatly affected, and at the same time, Xiangjiang may lose its current economic status and value in Asia.

Since no restrictions can be imposed, there is nothing wrong with the depreciation of the Hong Kong dollar. After the devaluation of the Hong Kong dollar, a series of impacts have caused Hong Kong people to depreciate the Hong Kong dollar too quickly, resulting in a certain degree of panic and market follow-up effect.

If British-owned companies want to leave, they first need to convert the cash in the company into other foreign currencies and transfer it out, while the elite want to immigrate and leave, they also need to convert it into other foreign currencies to go abroad.

Except for the above two who really want to leave, most of the other non-local companies in Hong Kong are conservative and convert their own cash flow into a currency they think is a store of value.

As for Xiangjiang's local companies, although they don't want to see such a thing happen, in order to keep their personal value, or to prevent their value from shrinking too much, the big guys are also exchanging foreign currency crazily.

The rich are all exchanging foreign currency, and the ordinary people at the bottom are not fools. Everyone has seen the depreciation of the Hong Kong dollar, and naturally everyone is eager to exchange their Hong Kong dollar for a foreign currency that preserves their value.

So, now the scene of [-] reappeared on the streets of Xiangjiang, and the whole Xiangjiang started a general mobilization. However, unlike in [-], everyone crowded outside the exchange, and now everyone crowded at the gates of the major banks in Xiangjiang.

In the face of menacing exchange crowds, apart from HSBC and Standard Chartered, the major banks in Hong Kong, Hang Seng Bank is the most calm. No matter who comes and how much foreign currency is exchanged, Hang Seng Bank will always come. It is the only bank among all Xiangjiang Banks that does not have window cabinets.

You must know that even HSBC and Standard Chartered Bank have adopted window cabinets to reduce their holdings to slow down the speed of foreign currency exchange by depositors. This move of Hang Seng Bank has undoubtedly become a bright spot among many banks in Hong Kong.

Of course, as a company, Hang Seng Bank can't do good things without making money. According to the outside currency market, Hang Seng Bank didn't dare to slaughter its own small depositors too hard.

After all, the reputation accumulated by Hang Seng over the years is not easy. In addition, although there are many small depositors, the amount of deposits is not large, and there is not much profit from wool. It is not worth losing the reputation accumulated over decades for a small amount of money. .

However, facing those big depositors is different. According to the current market situation, Hang Seng Bank does not discount at all. There is no burden in my heart anymore, and the slaughter is quite ruthless.

Anyway, Hang Seng is not the only one in Hongkong to do this. HSBC and Standard Chartered are making crazy money now. At this time, he will helplessly watch Xiangjiang go into trouble.

In order to stabilize the Hong Kong dollar exchange rate and maintain Hong Kong's economic prosperity and stability, the Governor's Office will inevitably introduce corresponding policies in the future, but because the two banks have not figured out where the government's bottom line is, the big guys dare not eat too hard .

Unlike HSBC and Standard Chartered Bank, Yang Chen is very clear about what policies Xiangjiang will introduce next.

So, Hang Seng Bank's appetite, that's pretty good.

Chapter 859

After eating, after sending Huo Zhenting and his wife away, Yang Chen planned to personally send the goddess Zhou Huimin home, so as to get in touch with each other.

In the villa, everyone was there, so it was not easy for him to chat with Zhou Huimin, and Zhou Huimin and Li Lizhen were always stuck together, so it was not easy for him to ask some questions.

"Brother, I want to go home too." Hearing that Yang Chen was about to personally send Zhou Huimin home, Li Lizhen hurried over and said.

"Are you going home too?"

Yang Chen looked at Li Lizhen speechlessly. Normally, this girl always stayed at his villa and refused to leave. Now that she asked to go home, he naturally thought that the other party did it on purpose.

After finally having the opportunity to get close to Goddess Zhou alone, Yang Chen would not want to be disturbed by a little girl like Li Lizhen.

Just when Yang Chen was about to refuse, Chen Yulian, who saw the two people staring at each other, came over and said, "Ah Zhen's mother called two days ago and said that Ah Zhen had time to go back. Haven't seen her."

"Yeah..." Li Lizhen hugged Yang Chen's arm, and said coquettishly, "Brother, just send me back together!"

Yang Chen wanted to pull his arm out of Li Lizhen's embrace, but unfortunately Li Lizhen, who had made up her mind to let Yang Chen take her home, could agree, she hugged her tightly, and refused to let go no matter what.

Seeing that he couldn't get rid of the little girl's entanglement, Yang Chen was a little depressed and said: "I won't go back sooner or later, but why go back at this time, you did it on purpose!"

"How could it be?" Li Lizhen said aggrievedly: "Brother had to rest before, and he didn't want to disturb you, so I just wanted to wait for you to rest before letting you send him back!"

"Don't you have a car? If you want to go back, just drive back. If you don't want to drive, you can ask the driver to take you back."

Li Lizhen pouted and said, "That's different!"