We are all reborn, who wants to be the richest man?

When Luo Nianzhong brought Robert and Du Huilian to the Hong Kong government, the Hong Kong Stock Exchange had already closed.

This time, when Luo Nianzhong came to the Hong Kong government, he did not go to MacLehose's office, but was led by a special person to a small meeting room of the Hong Kong government.

When I pushed the door open, I saw there were not too many people inside, but not too few either.

The four musketeers of the Hong Kong government are Governor Murray MacLehose, Chief Secretary for Administration Stephen Pang, Michael MacLehose who was recommended by Financial Secretary Murray MacLehose, and Secretary for Justice Michael Tong.

The Chairman of the Hong Kong Stock Exchange, Li Fook-shiu; the Chairman of the Futures Exchange, Shi Li; and the President of HSBC Asia, Stevenson.

Since HSBC moved its registration, it has also moved its headquarters to England. The HSBC Building, one of Hong Kong Island's iconic buildings, which took six years to build and was only put into use last year, has now become the headquarters of HSBC Asia.

I guess HSBC would never have imagined that when it built this headquarters, the headquarters would no longer be a headquarters before the building was even completed.

Even the current user of the HSBC Building is not HSBC. They only occupy the top ten floors, and the remaining floors are rented out. This also means that HSBC's status in Hong Kong Island is declining and its business is decreasing.

"Mr. Luo, I've been waiting for you. I didn't expect that you not only came in person, but also brought the two butlers with you."

The two great butlers are how the people of Hong Kong Island refer to Robert and Stephen To. Elites generally don't say that. Unexpectedly, Murray MacLehose even made a little joke about it.

The three of them knew that MacLehose's teasing meant no harm to them, so they smiled and sat down. Robert even made a self-deprecating comment while sitting down.

"Why does this sound so much like the little eunuch beside the emperor?"

"Haha" everyone present laughed, which relieved the depressing atmosphere in the room.

"To be honest, I really didn't expect Luo Sheng to come here in person and bring his two generals with him."

This is the most critical moment in the financial industry, and someone needs to be in charge.

"I think everyone understands the current situation. How can I retreat at this moment when the survival of Hong Kong's economy is at stake?"

"Well, Mr. Luo is worthy of being the representative of Hong Kong's entrepreneurs. He is always concerned about the economic development of Hong Kong."

"No, it is you, Governor, who has made the greatest contribution to the economy of Hong Kong Island. This can be seen from the miraculous economic development of Hong Kong Island during your term of office."

The two of them briefly exchanged some commercial praises, but both stopped there as they both knew the situation was urgent.

"Since Luo Sheng and the other two are here, let's hear what Li Sheng thinks."

Li Fook-sz was really anxious, and he spoke out his thoughts as soon as MacLehose finished speaking.

"My suggestion is to suspend the market for four days. This stock market crash is rare in history in terms of its rapidity and speed of spread. I believe its scale is no less than the Great Depression. So I think we should suspend the market for four days to think about countermeasures and also observe the subsequent handling and development of other countries."

It happened again, history repeated itself, but this time everything was different except for Li Fuzhao's suggestion.

The Financial Secretary has changed, the industrial structure of Hong Kong Island has changed, the Hong Kong stock market has grown, and the most important thing is to plan ahead and know the future.

"I don't agree." As soon as Li Fuzhao finished speaking, Luo Nianzhong directly raised his objection.

Seeing that Li Fuzhao was about to stand up and say something, Luo Nianzhong raised his hand and told him to be patient.

“Uncle Li, I know your thoughts and concerns, but this will also impact Hong Kong’s status as a free port that it has always boasted of.

Doing so would be a bit like government intervention. Not only would liquidity be hampered, but the financial market’s ability to attract foreign investment and other industries’ ability to attract investment would also decline.”

What is Li Fuzhao worried about? Nothing more than the complete collapse of the Hong Kong stock market.

You should know that Hong Kong's financial market is a three-dimensional market, which not only has spot but also leverage.

Leverage? Suppose you use two cups of leverage to buy stocks, if it drops 10%, you don’t lose 10%, you lose 20% of your funds.

This is just for stocks. Futures are even more impressive. Generally, futures can reach 15 to 20 times.

For example, if you use 20 times leverage to play futures trading with $10, and the futures index drops by %, not only will you lose the $, but you will also owe the brokerage company $.

This is still a 10% drop. If it drops more, the amount you owe will be even greater.

You can clap your hands to show that you have no money to pay back, but those who make profits by short selling don't care about that.

Who will pay for this? Of course, the brokerage companies will pay for the settlement at the clearing house.

Here comes a problem. What if the agency has many people like you who have no money?

Then the brokerage company can only go to the clearing house and say that I have no money and I am bankrupt.

The clearing house is the seller to the buyer and the buyer to the seller.

If you want to buy, buy from me; if you want to sell, sell to me, and I will be responsible for the transaction on both sides.

Then the question arises again. The brokerage company that pays the money says it has no money, but the person who wins the money doesn’t care about that. The money needs to be paid by your clearing house.

But the problem now is that there are too many long positions, too many brokerage firms have gone bankrupt, and the clearing house cannot come up with the money.

Therefore, the biggest reason why Li Zhaofu requested a four-day suspension of trading was delivery.

During these four days, all of you, the brokerage companies, and the clearing houses have to raise money, otherwise the clearing house will not be able to advance all the funds, and the final result will be a bankruptcy.

If the clearing house collapsed, the entire financial market in Hong Kong would collapse.

However, as Luo Nianzhong said, this move has both advantages and disadvantages. In the long run, the disadvantages outweigh the advantages, because he knows that this stock market crash will come and go quickly.

"I think this is not conducive to the future development of Hong Kong Island. If necessary, Far East Bank is willing to cover the loss."

As soon as Luo Nianzhong said this, not only the others, but even Du Huilian and Robert looked at him suddenly. He had not discussed this idea with them before coming here.

A guarantee? All in vain? How is that possible?

Once Luo Nianzhong is agreed to, it means that Far Eastern Bank will become the only central clearing center and settlement system in Hong Kong Island.

The current Far East Bank is already performing the tasks of the banking settlement center of Hong Kong Island. If the stock market and futures market are added to it, it means that the entire financial industry of Hong Kong Island will be traded under the nose of the Luo family.

Who the buyer is, who the seller is, what was done, where the money came from, and which account it was deposited into and what it was used for will all be clearly known.

"By then, Far Eastern Bank will place the settlement and delivery of the financial market within one company. The Hong Kong government will be one of its shareholders, and a professional securities regulatory agency will also be established."

No matter what happens in secret, we still have to do a good job in appearance and give investors a reasonable reason to accept it.

So Luo Nianzhong changed his approach, which was to promote the establishment of the Hong Kong Securities and Futures Commission and the Hong Kong Central Clearing Center, and then gradually merge the Hong Kong Stock Exchange and then expand overseas.

As soon as he finished speaking, the whole audience fell silent.

Li Fuzhao didn't care, and even agreed with Luo Nianzhong's idea emotionally.

What he was worried about was nothing more than the collapse of the Hong Kong Stock Exchange and Hong Kong's financial industry, or what he was more concerned about was problems arising in his hands.

Money is enough for him, and he is not the kind of person who pursues money desperately.

What he wants now is fame. The establishment of the Stock Exchange and his becoming the first Chairman of the Stock Exchange have already made history. What he needs to do now is not to let his reputation be infamous forever.

As for the chairman of the Hong Kong Futures Exchange, Shi Li, although the futures market in Hong Kong was not promoted and established by Luo Nianzhong, the Far East Group definitely made the greatest contribution to its current scale, and he will not offend Luo Nianzhong.

HSBC Stevenson? Now HSBC has only one choice, that is whether it is willing to pay to cover the current stock market.

The amount of money is neither too much nor too little. 30 billion Hong Kong dollars should be enough.

But the problem is that HSBC's guarantee is of no benefit. If you want to become the only central clearing center in Hong Kong Island like Luo Nien-chung, what do you need it for?

Now people in the Hong Kong government are obviously more pro-Luo Nianzhong than HSBC.

So the problem now is still pushed to the Hong Kong government. The Hong Kong government agrees and the Luo family pays.

If you don't agree, pay for it yourself.

Suspend the market? That is no longer an option.

If you dare to suspend the market, Luo Nianzhong might ask the media to create hype.

"Ahem." In the end, it was Murray MacLehose who drew everyone's attention to himself.

“We’ll talk about this later. I think Luo Sheng’s idea is a good one, which is to set up a supervisory committee.

This stock market crash is a lesson for the future financial market in Hong Kong Island. We must make the stock market more regulated."

OK, this is what Luo Nianxin was thinking.