Chapter 745: Loosening Exchange Restrictions
After He Jin left, Li Guangyu instructed Gan Qin to inform Yuan Tianfan to come to his office, the current exchange rate is estimated to fall to a low point, and now is the time for them to make a move.
Li Guangyu knows very well that the Hong Kong Monetary Authority is about to introduce an exchange rate policy to preserve the value of the Hong Kong dollar, and in the future the Hong Kong dollar and the US dollar will implement a fixed exchange rate, and the fixed value is 7.8, and now it is 8.5 Hong Kong dollars to one dollar, whether it is to stabilize the mood of the people of Hong Kong or to recover the losses of their banks in the early stage of a large amount of US dollar exchange, now Tianyu Bank and the Bank of Hong Kong and other major banks have to take action.
After Yuan Tianfan entered the office, he said to Li Guangyu: "Li Sheng, do you have any orders?"
Li Guangyu got up and said, "Tianfan, sit here." ”
After taking their seats, Li Guangyu and Yuan Tianfan talked about the full liberalization of the exchange of Hong Kong dollars for Hong Kong dollars for various institutions.
As soon as Yuan Tianfan heard it, he knew that Li Guangyu thought that the time was ripe, and it was estimated that the Hong Kong dollar exchange rate would rise in a short time, and now was the time for them to make a move.
He responded: "Li Sheng, in this regard, our Tianyu Bank has made comprehensive preparations, starting tomorrow, the major business outlets in Xiangjiang will relax the restrictions on the exchange of Hong Kong dollars for all citizens and financial institutions in Xiangjiang, for this operation, our bank also specially transferred back a part of the US dollars from Baodao, Japan and Southeast Asia, and at the same time, according to your instructions, we also borrowed a total of 10 billion US dollars from Sumitomo Bank, Mitsui Bank, and Fuji Bank for this operation." ”
This time, for this operation, Li Guangyu deliberately mortgaged the shares of Xingyue Real Estate Group, Xingyu Game Group, Xiangyu Culture Group, Hengyu Supermarket Group, and Xiangjiang Air Transport Group to several major banks and borrowed 10 billion US dollars.
The borrowing time is one month, for this operation, this time Li Guangyu wants to wipe out all the investment institutions in the Hong Kong dollar.
The citizens of Xiangjiang, as long as they are customers of several major banks, basically completed the exchange of foreign exchange a long time ago, and even if the Xiangjiang government implements a fixed exchange rate of 7.8 this time, they basically do not lose money, and they can still make a little profit if they exchange money early.
At present, the main ones that are still exchanging Hong Kong dollars for foreign exchange are some financial investment institutions, which use a series of operations to achieve the purpose of making profits.
This loan for a month, the interest needs to be 100 million US dollars, this is still the eyes of several major banks in the Sumitomo family and the Li consortium, otherwise the interest will be higher, if Li Guangyu did not know that the Hong Kong dollar against the US dollar will implement a fixed exchange rate of 7.8 in the future, he would not have taken such a risk.
Li Guangyu said: "Tomorrow your Tianyu Bank will hold a press conference to announce this matter, be sure to let all walks of life in Xiangjiang know about this matter as soon as possible, with the news obtained, the government has completed the discussion, is waiting for the consent of Governor You Dehe, it is estimated that it will be promulgated within a week, and your time is running out." ”
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At half past nine in the morning of the next day, Tianyu Bank held a press conference in the press conference hall on the second floor, which was presided over by Xia Xueping, general manager of the administrative department of Tianyu Financial Group.
"Thank you all for attending this press conference held by Tianyu Bank, this time mainly for Tianyu Bank, and I only represent Tianyu Financial Group, so please do not mention the other groups under the Li family. ”
Due to the large number of groups under the Lee consortium, when some groups hold press conferences, there are always some reporters who will ask some questions that are not related to the group, which makes it difficult for them.
In order to avoid such a situation, every time a press conference is held, he will explain in advance, and refuse to answer any questions that are not related to the group or company he represents.
Now these reporters have also seen and understood the situation of the press conference of the Li consortium, and each major group has its own spokesperson for the press conference, and they are generally the general manager of the group's administrative department, and the president of the group will personally attend when the problem is serious.
As for the spokesperson representing the entire Li consortium, it is generally Gan Qin, and in special cases it will be Li Xuemei, and when the two of them are the spokespersons, reporters can ask all questions about the Li consortium.
Xia Xueping said: "On behalf of our group, I announce today that in order to maintain the stability of the financial situation in Xiangjiang and ensure the use of foreign exchange by the citizens of Xiangjiang and some financial institutions, after Li Sheng and the senior management of Tianyu Financial Group, starting from today, we will open the exchange of Hong Kong dollars against US dollars in front of the major business outlets of Tianyu Bank in Xiangjiang. Regardless of whether you were a customer of our major banks or not, you can exchange foreign currency (USD) at Tianyu Bank. ”
Xia Xueping's announcement, even the reporters who came were shocked, now the Hong Kong dollar is still declining, these days, Tianyu Bank to ensure that several major bank customers can exchange dollars, has lost a lot.
At this time, in order to stabilize the financial situation in Hong Kong, the restrictions have been fully relaxed, and if the Hong Kong dollar exchange rate cannot be stabilized as soon as possible, Tianyu Bank will suffer heavy losses.
Due to the live broadcast of this press conference on Jiayi TV, with Xia Xueping's announcement, countless people in Xiangjiang cheered.
The continuous decline of the Hong Kong dollar has filled their hearts with anxiety, especially some people who have a large amount of Hong Kong dollars in their hands but have not been able to convert them into US dollars, and some financial institutions, they have a lot of Hong Kong dollars in their accounts, but because they are not customers of several major banks, they have no chance to exchange foreign exchange.
The same is true of the banks in some regions, which are also worried about the depreciation of the Hong Kong dollars in the banks, and they are eager for the banks to exchange all the Hong Kong dollars into US dollars, so that they will not lose money on them.
And now their opportunity has come, the Li consortium has a lot of money, so many days, there is no trace of their foreign exchange depletion, this time it has gone further, fully liberalized the exchange restrictions, it is enough to see how strong the Li consortium's reserves in foreign exchange are.
After seeing the news, these institutions and banks did not pay attention to the news after the press conference, and held a meeting of the company's and bank's senior management to arrange to go to Tianyu Bank to exchange US dollars, which also caused them to suffer a big loss this time.
Xia Xueping said: "We Li Shenghe group management, please believe that the Hong Kong dollar will soon be able to stabilize, if it is not particularly urgent to use, you can wait, maybe the Hong Kong dollar exchange rate will rebound, and the exchange may not be favorable now." ”
Xia Xueping doesn't care whether all walks of life in Xiangjiang believe it or not, she must say this at the press conference, in the future, these institutions and individuals who have exchanged will have losses and have nothing to do with their Tianyu Bank, and they have already been reminded that their disbelief is their own problem.
Regarding Xia Xueping's remarks, many people expressed doubts about this, especially some financial institutions, they believed that the Li consortium wanted to maintain the stability of the financial situation in Xiangjiang this time, and also wanted to reduce its own losses, so the purpose of saying this was to make all walks of life stop or reduce the exchange of dollars, so that the pressure on their Tianyu Bank would be less.
For this reason, some financial institutions have also accelerated the contact with Tianyu Bank to exchange dollars on their side, they are worried that if it is too late, Tianyu Bank's dollar reserves will be gone, so they can only watch the opportunity slip away, after all, no one knows how much foreign exchange reserves Tianyu Bank has.
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