Chapter 102 Quan Teniang is a liar

Pound sterling to mark, 2.7749.

GBP to USD, 1.9250.

Robin Leigh Pemberton looked at the blood-red screen of Reuters, and the muscles in the corners of his eyes continued to beat wildly.

In just 10 minutes, there were massive sell-offs in Asia, London and the United States, and the pound lost more than 5 percent of its value as these funds continued to hit the spot and futures markets.

And the billion pounds invested by the Bank of England are like sand sprinkled in the sea, without even a wave.

This is a very dangerous sign, if the pound is not pulled back into the lower band of the exchange rate mechanism in a short period of time, according to the rules of the exchange rate mechanism, the pound will be withdrawn from the European common economy.

"Rollsman. How much money do we still have. ”

"There are only four billion left. ”

"Damn. Immediately call Kang Dingsou and ask him what he is doing, why there is no movement. ”

“......”

Hong Kong, Financial Secretary.

An emergency meeting of the highest profile is underway.

The current Financial Secretary, Raymon Harry Anning, sits at the top of the list, with the first two positions on his left and right flanks, namely Deputy Financial Secretary Huo Du, Chief Executive of the Hong Kong Monetary Authority Murray MacLehose, and the Superintendent of Banking William Deborah and David Clive Wilson.

Sitting next to each other were some Chinese officials of the Financial Department and heads of departments such as the State Administration of Foreign Exchange.

"Director Yan. I do not agree with you, according to the Banking and Foreign Exchange Authority Regulations, the Hong Kong dollar is pegged to the US dollar, and the HKMA is not obligated to buy the pound sterling, nor can it buy the pound. If the pound depreciates more than we expect, this could have a severe impact on Hong Kong's economy and even trigger a systemic financial crisis. ”

"I agree with Mr Law that the stability of the Hong Kong dollar exchange rate is a prerequisite for the HKMA to insist on the issuance of US dollar equivalents. If the Hong Kong government's purchase of pounds sterling results in an imbalance between the stock of US dollars and the proportion of Hong Kong dollars issued, we may not be able to guarantee the safety of Hong Kong dollars. ”

“......”

Listening to the rebuttals of the Chinese supervisors and consultants present, the first Yan Liguo, who was Raymon Harry Anning, couldn't help but raise his eyebrows.

"Luo. Can you pour me a cup of coffee?"

Pour coffee?

Luo Jiaren, who was sitting in the fourth position on the right, couldn't help but pause, Yan Liguo's request was simply endless, when was it, and he was still drinking coffee.

But then, his face flushed, a kind of mental and spiritual humiliation, and his eyes glared with fire and hatred.

Before coming to Hong Kong, Raymon Harry Anning was the Deputy Secretary of the Northern Ireland Office, where he was mainly responsible for economic research, before returning to London to work directly at MI5, where he became the Director of Housing and then the Financial Secretary.

A stable exchange rate is one of the prerequisites for economic development.

As the Financial Secretary, Raymon Harry Anning could not fail to understand this, but he did not mention the consequences of using the HKMA's dollar reserves to buy pounds, or even what to do if Hong Kong faced a crisis.

Humiliate.

This is simply naked insult and contempt!

Although, Yan Liguo's tone seemed to be very gentlemanly and polite.

But with the light expression on his face and the ease with which he raised his eyebrows, he didn't feel that this incident would have any serious consequences.

As a native of Hong Kong, Luo Jiaren was immediately angry.

"Director Yan. Don't you know what it might mean to do this? If we buy a lot of pounds and lose money, it will cause a lot of dollar loss, which will probably lead to the safety of the Hong Kong dollar,"

We?

It's none of our business.

Yan Liguo glanced at Luo Jiaren like an idiot, and his eyes were full of mockery.

"Luo. What am I going to do, do I have to listen to you? Listen, that's what London means, and that's what the Governor means, now, go and pour me a cup of coffee. Right now!"

“......”

It was like being slapped in the face, Luo Jiaren's face was blue and red, and even the muscles at the corners of his mouth couldn't help twitching for a long time.

He is a professor of economics, and he is actually treated as a hotel boy.

But Luo Jiaren couldn't say a word.

To this day, he still doesn't understand where the Brits have never thought about what the consequences will be if the Hong Kong dollar is in crisis.

No wonder the people from the political secretary also came, no wonder these guys didn't mean to be anxious at all, and they didn't really plan to listen to their advice at all.

There is no point in saying more, since it is the meaning of London, even the order of the governor has come, and it is impossible to change it.

Glancing indignantly at several Britons led by Yan Liguo, Luo Jiaren's face showed undisguised ridicule and mockery.

"Should the public be informed of this matter, and the public has the right to know the truth, according to Mr. Governor's proposal. ”

Two years ago, the Hong Kong Bill of Rights was passed by the Legislative Council under the change of the Chief Secretary, and a month earlier, the Governor of Hong Kong, Hong Kong Ting Sou, had delivered his first policy address.

Referring to the constitutional reform package, the report said that the electoral system of the Legislative Council would be reformed by abolishing all appointed seats and adding nine functional constituency seats, in addition to "separating the two branches".

According to all the bills, Hong Kong residents naturally have the right to know about such a big matter.

But...... How can such a person let those low-level untouchables know.

Smack-

Looking at the mocking look on Luo Jiaren's face, Raymon Harry Anning slapped the table hard.

"Luo. You are also a professor of finance, and you should understand the transmission mechanism, if the pound is lost, with the impact of the economic transmission mechanism, it is likely to spread the crisis to Hong Kong. This is not a problem of one country or region, it is a problem of economic security of the whole world, is there anything wrong with me doing this?"

Fuck you.

As a professor of economics and finance, Luo Jiaren knows very well that Yan Liguo's words are simply changing concepts.

It is true that Hong Kong has benefited from the fact that capital has been flowing into Asian markets as the European financial crisis has spread.

Yan Liguo said this because he was afraid that he would be caught and used to exaggerate the facts to cause confusion by changing concepts.

But what's the point of rebutting it?

Glancing at Yan Liguo sarcastically, Luo Jiaren brought out the recently implemented bill.

"I'm also proposing it according to the bill, what's wrong?"

“......”

It's not like that.

Suddenly, Yan Liguo's eyes glared in annoyance.

"Bastard. Don't think I don't know what you're thinking, now, you're fired, hear clearly, you're fired. Fuck off now. ”

“.......”

Dismiss?

Luo Jiaren laughed to himself.

When the "Hong Kong Bill of Rights" was passed by the Legislative Council, he thought that Hong Kong people would no longer have to be bullied and exploited like before, but as community activities have become more and more rampant in recent years, he can see that everything that these British guys have created has no other purpose at all.

At that time, he also took the lead in endorsing these bills.

What human rights, democracy, and suffrage rights, Quan Teniang is a lie, and facts have proved that on the entire land, the ceiling of Hong Kong people is not even as high as a thatched roof.

Fired me?

Glancing at the angry Yan Liguo, Luo Jiaren stood up and straightened the clothes on his body.

"Ladies and gentlemen. Good bye. But I'm sure I'll come back one day and continue to work, but you, I'm afraid you'll be laid off and unemployed in a few years. Hopefully, you'll be able to find a good job by then. ”

“......”

"Damn bastard!"

“......”

"Who else is against it?"

“......”

Luo Jiaren had already left, and Yan Liguo glanced at all the Chinese present.

No one answered.

Their faces were lowered, and no one could see their expressions, either annoyed, ashamed, indifferent, or secretly hateful.

But none of that matters.

At least, for Yan Liguo, it doesn't matter.

His term of office is still a year away, and no matter what happens, as long as he is transferred, he can return to China to be awarded a baron by the Queen, Hong Kong, and his business.

Importantly, some of the pressure can now be shared domestically.