If the Hong Kong dollar really gets out of control and there is a large-scale depreciation, then almost all companies in Heung Kong will be affected, and the larger the scale, the greater the loss, and several companies under Xu Zhi, especially Evergrande and Hutchison, will definitely bear the brunt.

Xu Zhidao: "I am naturally willing to contribute to the stability of Xiangjiang, but I will not blindly invest my own funds without knowing the situation." ”

Youde nodded and said: "That's natural, Xu Sheng, I can tell you that I have discussed with Shen Bi and Downing Street in the United Kingdom, the Hong Kong government will change the current free-floating exchange rate system to a linked exchange rate system that locks in the US dollar, as long as the linked exchange rate system is determined, then the current problem will be solved."

However, for the sake of stability, the Hong Kong government needs to prepare sufficient foreign exchange funds to cope with unexpected situations. ”

Since the opening of the port, there have been four kinds of exchange rate systems in Hong Kong, and in 1863, the British government of Hong Kong issued the first metal currency. In 1935, the currency was reformed, and the Hong Kong government officially issued paper money, and the Hong Kong dollar was born, which was pegged to the British pound and maintained a stable exchange rate.

In 1972, the Bretton Woods system centered on the US dollar collapsed, the global currency began to develop freely from gold, and the British pound also decoupled from the US dollar and began to depreciate sharply, which was not in the interests of Hong Kong, so in July of that year, the Hong Kong dollar was decoupled from the British pound and pegged to the US dollar.

However, this time, the exchange rate of the Hong Kong dollar and the US dollar was only supported for two years, and in 1974 it was decoupled again, and since then it has floated freely.

The Governor of Hong Kong at the time was MacLehose, and he had great ambitions to turn the Hong Kong dollar into an international currency, on a par with the currencies of countries such as Denmark and Switzerland.

During MacLehose's administration, although the Hong Kong dollar did not grow according to his plan, it has been smooth sailing and recognized by the international market.

To this day, the exchange rate has depreciated because of the crisis of confidence.

At this time, the only way is to remove the free float and peg it to a strong currency, and the government can prepare enough foreign exchange to restore the economy and people's confidence, and the current Hong Kong dollar crisis can be resolved.

Xu Zhi asked: "Then I don't know what the joint exchange rate will be in the future?"

"It's not settled yet. Youde said calmly.

"I believe you're a ghost!" Xu Zhi said secretly in his heart, obviously the other party refused to tell him, but this is normal, if this kind of core exchange rate change is known by a businessman, there are too many ways to make huge profits from it.

Xu Zhi figured all this and said: "Sir Youde, even if the linked exchange rate is used, if the people continue to run on it, even if I add the billion US dollars in my hand, I am afraid that the foreign exchange reserves of the Hong Kong government will not be enough!"

"Xu Sheng is right, although this situation is an extreme situation, the probability of occurrence will be very low, and we have to guard against it. Youde nodded and said: "Xu Sheng, don't worry, I have received help from Downing Street, and when necessary, the British will use their foreign exchange reserves to stabilize the exchange rate of Xiangjiang, but this is the last step, once it goes out, the economic blow to Xiangjiang will be very big, so as a last resort, we can't count on this trick." ”

"I see. Xu Zhi nodded and said, but there was still no movement.

Youde continued: "Xu Sheng, I know that you are very optimistic about the future of Hong Kong, and you have planned to invest a huge amount of money to drive the economy of Hong Kong, but for some reasons you have not been able to start investing, so when this meeting is over, I will notify the Lands Department and ask them to immediately approve the investment plan of your company, so as to provide more employment opportunities for the people of Hong Kong as soon as possible." ”

"Thank you, Sir Youde. Xu Zhi smiled with satisfaction.

This is a transaction, Xu Zhi helped the Hong Kong government stabilize the exchange rate, and the Hong Kong government approved the application of Hutchison and Evergrande to convert some industrial land into commercial land.

Youde nodded and said, "Okay, since it's settled, I hope Xu Sheng's funds can be in place as soon as possible." ”

Xu Zhi frowned and asked, "Sir Youde, how can this money be used with the Hong Kong government?"

Youde said: "Xu Sheng, you can borrow this money from the Hong Kong government, and after this incident is over, the Hong Kong government will naturally return it in accordance with the regulations, borrow dollars to repay dollars, and as for the interest, it will definitely be implemented in accordance with international rules." ”

"Sir Youde, can you do it differently? Xu Zhi paused and said: "Once the Hong Kong government approves the Hutchison project, then Hutchison will inevitably need a lot of cash in the short term, and if this dollar is lent to the Hong Kong government, I am worried that it will affect the Hutchison project." ”

Youde asked, "What does Xu Sheng mean?"

Xu Zhidao: "At present, there are still a large number of people in the entire Xiangjiang who want to exchange US dollars, and various branches of HSBC have been queuing up to exchange US dollars, which has also been depleting the Hong Kong government's exchange fund, so I intend to put the money in Hutchison to the Bank of East Asia, and the Bank of East Asia will also develop US dollar exchange channels."

This will not only allow for the exchange of funds for Hutchison's subsequent investments, but also reduce the pressure on the Hong Kong Government's Exchange Fund.

What do you think, Sir Youde?"

"That's ...... You can also. Youde frowned and pondered for a moment, then nodded and said, "But the risks involved, Xu Sheng, you can think about it clearly." ”

"I thought it through. Xu Zhi said with a smile.

At present, because of the panic and the restrictions on the sale of various banks, the exchange rate of the Hong Kong dollar against the US dollar has fallen sharply, has reached 9.6:1, once the exchange rate falls below the 10:1 psychological barrier, the market's confidence in the Hong Kong dollar may all collapse, this kind of dominoes, once started, there is no turning back.

This is also the reason why Sir Youde invited Xu Zhi, his pressure was too great, his predecessor MacLehose was recognized as the first governor of Hong Kong, and he took over just over a year before Hong Kong's economy collapsed, no matter what the external cause, this failure would have completely ended his political career.

At this moment, the Hong Kong government urgently needs outside funding, especially for super-rich people like Xu Zhi, who can not only come forward to appease the frightened ordinary people, but also mobilize huge dollars in foreign exchange to help the Hong Kong government hold the Hong Kong dollar threshold.

Youde also understood what Xu Zhi meant, and said, "Okay, since Xu Sheng is so insistent, then I don't have any opinion." ”

As an official with decades of diplomatic experience, he clearly understands that Xu Zhi may not know what the upcoming joint exchange rate is, but he also speculated that it must be much higher than the current exchange rate, so at this time, he will be able to make a lot of money by converting the US dollars in his hand into Hong Kong dollars.

However, Youde gladly accepts this, no one in this world will serve you for free, and if you want others to help you, the easiest way is to complete the bundling of interests, and everyone can profit together.

Xu Zhi took advantage of the current exchange rate to exchange Hong Kong dollars, this behavior is not harmful to him and the Hong Kong government, on the contrary, it can also suppress the short-selling force and help the Hong Kong government reduce the consumption of foreign exchange in the future, which is a double benefit.

Xu Zhi said: "Since Sir Youde thinks that there is no problem, then from tomorrow, the Bank of East Asia will expand the US dollar foreign exchange business, but I am worried that too many crowds will cause chaos, so I hope the police can increase a certain amount of law and order force." ”

"No problem. Youde assured with a smile.