Chapter 337: Earn 10 million

Xu Wangqiu smiled when he heard that the Hong Kong government had restored the linked exchange rate, and now he has more than 90 million Hong Kong dollars in his hands, and he can easily get more than 10 million Hong Kong dollars after repaying the principal and interest, and deducting the commissions and handling fees of foreign exchange brokers. He wanted to be calmer, but he couldn't control the smile on his face: "It's so fast, I thought it would take a few days to get results." What do the British set the exchange rate at?"

Xia Meng said with a smile: "The exchange rate of the US dollar against the Hong Kong dollar is 1 to 7.8. ”

Xu Wangqiu grinned and said: "I've been restless these days, and I've been thinking about this matter, and now I'm completely relieved." ”

Xia Meng thought to herself, are you restless, how can I think you are calmer than anyone else! She looked at Xu Wangqiu and sighed in her heart, this kid is really powerful, he should have earned more than 10 million this time. How many people can't earn so much money in their lifetime, and Xu Wangqiu only took less than a month......

The crew heard that the Hong Kong government had set the exchange rate of the US dollar against the Hong Kong dollar at 1 to 7.8, and there was a commotion. Those who exchanged the Hong Kong dollar for the dollar in their hands immediately burst into a loud curse, and the Hong Kong government reinstated the linked exchange rate, and they suffered heavy losses; those who did not convert the Hong Kong dollar into the dollar breathed a sigh of relief, glad that they did not change it, otherwise they would have suffered a miserable loss.

On this day, the whole Xiangjiang is like this, which can be described as a few joys and a few sorrows.

Countless people are scolding, and countless people are hugging their heads and crying. After the outbreak of "Black Saturday", they exchanged the Hong Kong dollar in their hands for US dollars, and the exchange price was about 1:9.5, and even reached 1:10, and now one US dollar can only be exchanged for 7.8 Hong Kong dollars, and in less than a month, the banknotes in their hands have depreciated by about 20%.

Those who did not exchange dollars, or did not exchange dollars, thanked the Bodhisattva and God in their hearts, but fortunately they did not exchange them for dollars, otherwise they would have lost a lot. However, while rejoicing, they looked at the various goods that were rushed to buy in the house, and their heads suddenly grew again.

The Chinese Recreation Club in Causeway Bay is a very famous private sports club in Hong Kong, and it is also the earliest Chinese club in Hong Kong. In the early days of the opening of the port of Hong Kong, all clubs were founded by foreigners, and only foreigners were recruited. Later, some wealthy and decent Chinese gradually appeared in Xiangjiang, and they felt that the Chinese could not enter the foreign club, so they invested in the establishment of the Chinese Amusement Club in 1910 for the Chinese to enjoy.

Fok Yingdong is particularly fond of sports, especially tennis. From 1971 to 1976, he won the Hong Kong Tennis Doubles Championship for six consecutive years. In 1974, he went to the United Kingdom to compete and became the first Chinese to participate in the Wimbledon Senior Tennis Tournament. Since he likes tennis, in addition to business trips, Fok Yingdong goes to the China Amusement Club every day to play tennis and massage, and the time he spends here here every day is more than 4 hours on average.

Recently, Huo Yingdong has just undergone lymphoma resection surgery and can't play, but he still comes around every day to talk to old friends. At this time, he sat on the sidelines of the court and chatted with Dong Jianhua, the son of his old friend Dong Haoyun.

In 1979, Tung Jianhua took over from his father and became the company's president. However, since last year, the world's shipping industry has been in recession, with a large surplus of cargo, and shipping prices have plummeted. Dong Jianhua knew that Fok Yingdong was a business wizard, so he came to ask him for advice to see if he could pull OOCL along.

While the two were chatting, Huo Yingdong's second son, Huo Zhenhuan, ran over quickly, and he brought a shocking news: "Just now, the Hong Kong government announced the resumption of the linked exchange rate, and the Hong Kong dollar has been re-bound to the US dollar. ”

Hearing this, Huo Yingdong was slightly stunned, although he thought that the British would not let the Hong Kong dollar plummet, but at the same time, he also believed that it would take repeated weighing and competition before the British would recognize the reality. It may take several months before the results are available. He never expected that the result would come out so quickly, and he hurriedly said, "Oh, what is the specific content?"

Huo Zhenhuan said excitedly: "There are two measures, one is that from October 17, the note-issuing banks HSBC and Standard Chartered should pay the equivalent US dollar to the Exchange Fund before issuing banknotes, in exchange for a "certificate of indebtedness" as a statutory issuance preparation. The exchange rate between the Hong Kong dollar and the US dollar is fixed at the 7.8:1 level. The issuing bank may also redeem US dollars from the Exchange Fund with a Certificate of Indebtedness and Hong Kong dollars. The second is to abolish the interest tax on Hong Kong dollar deposits. ”

Huo Yingdong's young face appeared in front of his eyes, and he thought to himself that this kid should have earned more than 10 million, and he should have made a lot of 10 million in less than a month, what a powerful character! He said with emotion: "It's really terrifying! Truly, as he expected, in less than a month, the British completely admitted defeat." ”

Dong Jianhua was a little surprised when he heard this, and asked: "Huo Sheng, did someone tell you before that the British would take action to stabilize the exchange rate within a month?"

Huo Yingdong nodded slightly: "On the 28th of last month, a young man told me that the British would make a move within a month, and they would pull the Hong Kong dollar back to about 8 yuan. I also think that the British will shoot, but I don't think it will be so fast, it will take at least half a year to get results. I didn't expect him to be right, it really took less than a month for the British to make a move. ”

Fok Yingdong did not know that the reason why the British introduced the linked exchange rate so quickly was mainly because they were frightened by China's hardline attitude. In the aftermath of Black Saturday, a key British official in the Hong Kong government publicly said that the economic crisis would continue if China continued to adopt a non-cooperative attitude during the negotiations.

In the face of the threat of the British, the Chinese side was very calm and revealed a piece of news: "If something goes wrong with Xiangjiang, then China will change the way of taking back Xiangjiang and take back Xiangjiang ahead of schedule!"

After learning the news, the Iron Lady, who has always been rigid and self-serving, and is not alarmed when encountering problems, suddenly panicked. If China had taken back the Xiangjiang ahead of schedule, and directly and directly, the British would have suffered a lot of losses. Margaret Thatcher knew that this matter could not be delayed, and hurriedly summoned the governor of the National Bank of England and the chancellor of the exchequer to hold an emergency meeting to discuss countermeasures.

After discussion, the British believe that the Chinese side is now unmoved, and if this trend continues to develop, it will only damage the interests of British investors, and even endanger the position of the pound. So, Margaret Thatcher made a phone call to the Hong Kong government and asked the Hong Kong dollar to be pegged to the US dollar as soon as possible, so as to stabilize the situation.

Dong Jianhua was taken aback after listening to Huo Yingdong's words, after the outbreak of Black Saturday, almost everyone in the entire Xiangjiang, including all the institutions, was frantically absorbing dollars, but I didn't expect someone to dare to make a move against the market, this vision and judgment are too strong, and I couldn't help asking: "Which family's son? This vision and judgment are really amazing! I think I will meet him if I have the chance." ”

Huo Yingdong shook his head lightly: "He is not from Xiangjiang, but from the mainland." He wouldn't let me reveal his information to anyone else, and although he professed not to be interested in business, people like him can't hide it, and you'll meet sooner or later. ”

Before "Black Saturday", Hong Kong residents were scolding the Hong Kong government for their incompetence and for losing control of the economy because the exchange rate of the Hong Kong dollar had been falling. After the introduction of the linked exchange rate, there was still a lot of scolding, all of them scolded the Hong Kong government for what it had done earlier, and it was a pit to wait until everyone exchanged the Hong Kong dollars in their hands for US dollars, and grabbed a room of various commodities and then struck!

In the face of the flood of scolding, the Hong Kong government's financial secretary Pang Laizhi jumped out to divert the conflict, saying that the Bank of China Xiangjiang branch had bought US dollars in Hong Kong, which had triggered a crisis of confidence in the Hong Kong dollar, and was unwilling to make concessions at the negotiating table, so that the negotiations were slowing down, which intensified the panic in Hong Kong.

The Chinese side quickly launched a fierce counterattack through Ta Kung Pao and other media, saying that in order to obtain more benefits at the negotiating table, you British people completely disregarded the lives and deaths of the people in Xiangjiang and deliberately created panic, causing the exchange rate to plummet.

After the two sides sprayed each other, they soon withdrew their troops, and the war of words did not continue. But almost everyone understands that this economic contest is over, and that the contest between China and Britain has only just begun. It's just that except for Xu Wangqiu, no one knew that this would be a long battle that would last for decades.

These things are not something that Xu Wangqiu can manage, nor is it something he can manage. For him, the most important thing is to invest the money earned this time in Shuguang and make Shuguang really work. Only by doing it can it be possible to resolve the impact of VCD on movies in the future, and it is possible to truly resolve the crisis of Chinese films in the 90s.

In the following month, Xu Wangqiu exchanged his Hong Kong dollars for 10 million US dollars through a foreign exchange broker.

After deducting the handling fee and the employment fee, Xu Wangqiu still has 18.23 million in his account. Before borrowing money, Xu Wangqiu made an agreement with Xia Meng and Huo Yingdong that he would pay interest of 2 cents for 1 US dollar, that is, he needed to pay 2 million Hong Kong dollars in interest to Xia Meng and Huo Yingdong. After removing the 2 million, Xu Wangqiu earned 16.23 million by speculating in foreign exchange this time.

In the afternoon of that day, after Xu Wangqiu finished the day's filming work, he took a car to Fok Yingdong's villa at No. 33 Sassoon Road, Pokfulam, and talked to Fok Yingdong about repaying the money. Paying back the money is actually very simple, just transfer the money to Huo Yingdong's account. However, Huo Yingdong lent money to Xu Wangqiu and helped him a lot. Now that the matter is over, he must express his gratitude to Huo Yingdong in person. Of course, in addition to expressing his gratitude to Huo Yingdong, he also had a purpose for this trip, that is, he wanted to cooperate with Huo Yingdong.

In the future, Sugon will make Hanka and compatible machines, but Sugon will not be able to get a production license in a short time. The only way is to save the country by setting up a company in Xiangjiang, organizing production in Xiangjiang first, and then transferring the production line back to the mainland when the license is obtained in the future.

In later generations, the economy of Hong Kong was kidnapped by real estate, the industry was hollowed out, and the pillar industries of the whole society were finance, logistics and tourism. However, the current industry in Xiangjiang is relatively developed, especially the electronics industry.

In the 70s, the world's electronics industry underwent its first major shift, and the electronics manufacturing industry was transferred from the United States and Dongying to China's Xiangjiang, Taiwan, South Korea, Singapore and other regions. By 1980, Heung Kong had 1,316 electronics factories, employing 93,000 people and exporting HK$13.417 billion, making it the second largest industry in Heung Kong.

It is not difficult to set up a company in Xiangjiang and organize the production of electronic products. However, Xu Wangqiu is a mainlander after all, and he is not clear about many things in Xiangjiang, so it is undoubtedly the best choice to find a Xiangjiang company to cooperate. In the last life, when Lianxiang established the Xiangjiang Branch, it was involved in the partnership of China Technology Transfer Company and Daoyuan Company.

In Xu Wangqiu's heart, Zhang Xuanlong and Jin Shan were originally the most ideal collaborators, but after meeting Huo Yingdong, Huo Yingdong became the best candidate in his heart. Many people know Macau gambling king Stanley Ho, in fact, Macau Tourism and Entertainment Company was founded by Fok Yingdong and Stanley Ho, as well as Ye Deli and Ye Han, Fok Yingdong is the major shareholder, accounting for 30% of the shares. However, Huo Yingdong never interfered in the management of SJM, and when it came to dividends, Huo Yingdong did not get much money, not even as good as some executives of SJM, but he never said anything.

Cooperation with Fok Yingdong, he will not interfere in the management of Shuguang, will not interfere in the company's operation, and more importantly, Fok Yingdong has a wide range of contacts in Hong Kong and Macau, is a leader-level figure, and cooperating with him can save a lot of unnecessary trouble.