Compared with 7.8 and 9.6, the gap is so large that it is by no means acceptable to ordinary people.

I don't know how many people will hang their heads after the Hong Kong government announced the new linked exchange rate, and a few days ago, they were happy that they had converted to dollars, but now that the government has set the exchange rate, they have lost at least 20% of their funds in an instant.

Some of them sold their houses for US dollars, or wanted to take advantage of the Hong Kong dollar crisis to short the Hong Kong dollar, and they lost almost bankrupt.

The Hong Kong dollar exchange rate crisis seems to be over, but it is still secretly turbulent, and there are forces inside and outside Hong Kong that still refuse to give up, continue to short the Hong Kong dollar, as long as all the US dollar foreign exchange held by the Hong Kong government is consumed, then the final linked exchange rate can only collapse.

At the same time, even if the exchange rate is stable, there are many people who intend to emigrate. Previously, the exchange rate fluctuated greatly and the exchange rate was extremely restrictive, and many people did not get enough dollars.

Now, the Hong Kong government has introduced new exchange rate regulations and prepared enough foreign exchange, so more people go into the bank to exchange foreign currency, which puts great pressure on the Hong Kong government and the British government behind it.

In the 80s, the British government's economy also encountered many problems, with GDP, industrial production and foreign trade falling from the 50s behind the United States to fifth place, behind West Germany, Japan and France.

At the same time, the country is also full of internal problems, serious fiscal deficits, a large number of state-owned enterprises loss-making, serious internal inflation, Margaret Thatcher since 1979 to come to power, began to reform state-owned enterprises, and encountered waves of strikes.

Externally, although the Battle of the Falklands was won, it was only a win in face and a loss, the entire battle only lasted 74 days, but it cost the British army 7 billion US dollars in military spending, such data, how can Britain still have the ability to have a war in Asia, not to mention the different levels of opponents.

At present, the Hong Kong dollar issue in Hong Kong has forced Britain to come forward to solve it, and the economic pressure has forced the British government to make up its mind for the first time and start negotiations with the mainland government on a formal return.

Of course, all this has little to do with Xu Zhi's current situation, because in the past half a month, the Bank of East Asia has converted US$1.3 billion into HK$12.48 billion, of which HK$10.56 billion is converted by Hutchison's US$1.1 billion, and the remaining HK$1.92 billion is Xu Zhi's additional US$200 million.

According to the current linked exchange rate, the US$200 million provided by Xu Zhi has earned about HK$400 million after conversion, while the Bank of East Asia has earned enough fees, and the 5% handling fee has generated a profit of almost HK$600 million, which is equivalent to the net profit of the entire Bank of East Asia for two years.

However, compared to Hutchison, these numbers are only a drop in the bucket.

Two years ago, Hutchison raised a total of 3 billion Hong Kong dollars from the stock market, after the investment of General Electric of the United States, this foreign exchange exchange, now, directly into 10.56 billion Hong Kong dollars, even if the annual interest of 13% is removed, in the past two years, the net profit of this investment is as high as 6.78 billion Hong Kong dollars, in terms of cost, not a penny has been spent, a real net profit!

Hutchison is a listed company and needs to publish business data once a quarter, according to the Listed Companies Law, the business data for the third quarter (July-September) needs to be released before November, but when Hutchison exchanged Hong Kong dollars through the Bank of East Asia, many minority shareholders of Hutchison jointly opposed this plan, they believed that the Hong Kong dollar would inevitably become a piece of waste paper, and it was the biggest mistake for Hutchison to convert the huge amount of US dollars in his hands into Hong Kong dollars.

For these people, Xu Zhi of course ignored them, and directly voiced through some channels: If you don't want to hold Hutchison stocks, you can sell them directly.

Although these people were ignored, many media outlets at the time still openly discussed the matter, and many people agreed with these shareholders.

Therefore, when Hutchison had more than 10 billion Hong Kong dollars in his hands, even if it was not the time to make the obligation, he still released this information in advance.

"HK$6.78 billion!" At this time, the entire Xiangjiang has become numb to the return on investment of the richest man, the same project, more than a month ago, was still a net profit of 2.2 billion Hong Kong dollars, but now it has become 6.78 billion, although the Hong Kong dollar has depreciated, but still can not reduce the shock effect of this figure.

As a result, the market value of Hutchison Whampoa soared by 40%, with a total market value of more than HK$20 billion, surpassing Hang Seng Bank and second only to HSBC in the entire Heung Kong.

However, Hutchison is in a unique position in the stock market in Xiangjiang, although on the day the news was announced, the entire market was pulled up by Hutchison, but it was only one day, at this moment, just experienced a major depreciation of the exchange rate, the entire stock market is still not optimistic.

......

Just as Hehuang made a fortune, another company in Xiangjiang fell into hell.

At the beginning of 1982, the Industrial and Commercial Daily for the first time described the top 10 Chinese-funded consortia in Heung Kong, among which Jianing Group was at the top of the list, with more than 100 subsidiaries, including Jianing Real Estate, Vinda Shipping and Chang Life Insurance, three listed companies, which were close to the long-established British-owned major banks Jardine Matheson and Swire.

From 77 years of registration, to 82 years of ranking as one of the top ten consortia in Hong Kong, the development of Jianing can be described as a miracle, but Jianing Group only cares about expansion, and does not consolidate the existing achievements, of course, it may also be that all business transactions involve too many fraudulent elements to be consolidated, a scam needs more scams to maintain.

By the end of 1982, the god of luck no longer favored Chen Songqing, the internal and external economic environment of Xiangjiang changed, banks contracted loans, and Jianing Group was also in trouble.

Zhong Zhengwen, an ally of Yida Group, absconded with money, Jianing Group's capital chain collapsed, and at the beginning of 83, Jianing's three listed companies, Jianing Real Estate, Vinda Shipping and Chang Life Insurance, suspended their listing transactions. Chen Songqing persuaded HSBC to provide a loan of HK$250 million to help Jianing restructure its debts.

In order to increase the success rate of the debt restructuring plan, Chen Songqing invited the former chairman of HSBC to join the Jianing Group for HK$100,000 in January, and gradually sold its assets to reduce debt.

However, in July, an accountant of Heung Kong Yumin Finance was murdered and thrown into the wilderness, and the police quickly caught the killer and linked Chen Songqing.

Although there was not enough evidence, the murder case still led the court to sign a search of the entire Jianing group, and the police later found that Jianing owed U-Ming nearly $500 million in finances, so far, the truth of the once huge source of funds for Jianing was revealed, Chen Songqing was neither a wealthy man in South Asia nor a representative of Moscow, but from a Malaysian financial company.

In September, the Hong Kong government found that Jianing Group owed more than 10 billion Hong Kong dollars to U-Ming Marine Finance, HSBC, Hang Seng Bank and other Hong Kong financial institutions.

This is one of the biggest scams in the history of modern human business, and on September 18, the police forcibly blocked the entire Jianing Group and obtained more than a million documents. On October 3, Chen Songqing, chairman of Jianing, was arrested at home, and then many of Jianing's senior executives were either arrested or have fled.

The police action completely shattered Jianing's restructuring plan, and on the sixth day of Chen's arrest, one of the creditor banks, the US Xinfu Bank, applied to the Xiangjiang High Court to wind up Jianing and obtained consent. At this point, the once-prominent Jianing Kingdom completely collapsed.