What's even better is that many depositors who were not originally from Jiahua Bank have also transferred their money from other banks, opening accounts with Jiahua Bank and depositing them before requesting to transfer them to foreign currency accounts. This in turn has allowed banks to increase their foreign currency deposit balances.

"It seems that the dollar sold by the bank today must exceed 100 million!" Li Xuan said with a smile, "What is the current exchange rate?"

In the morning, the Hong Kong government issued an announcement saying that it was working on a new exchange rate scheme that could more accurately reflect the basic economic strength. Moreover, the Hong Kong government's commitment to ensure the full convertibility of the Hong Kong dollar is the basic premise of any currency stabilization plan!

At the same time, the Hong Kong government also declared it illegal for anyone to request payment in foreign currency for local transactions. The Association of Banks also announced in the morning that it would raise the deposit interest rate by 3% from the next day, and HSBC and Standard Chartered, two note-issuing banks, would also raise their prime rates by 3%! Affected by these good news, the exchange rate of the Hong Kong dollar against the US dollar has rebounded to 8.8 to 1!" Yang Lingjun said.

"It seems that the Hong Kong government has played a powerful combination of punches, I estimate that the exchange rate of the Hong Kong dollar is unlikely to fall below 9 again, and it is estimated that it will further rebound in the afternoon!" Li Xuan smiled and said, "The next focus is to further establish the brand reputation of Jiahua, and after the Hong Kong dollar crisis passes, the new part of foreign currency deposits will definitely be exchanged back into Hong Kong dollars, and you must do everything possible to keep this money!"

Yang Lingjun nodded, he also knew that most ordinary citizens could not use their foreign currency accounts. Under normal circumstances, the threshold for opening a foreign currency account is much higher than that for a local currency account. For example, Jiahua Bank's original condition for individuals to open foreign currency accounts was to have personal deposits of more than HK$100,000. This time because the Hong Kong dollar exchange rate plummeted. For the reason of helping depositors preserve their value, Jiahua Bank temporarily lowered the opening standard of foreign currency accounts.

"For this question. We are also prepared, so we have specifically mentioned that only depositors from the Bank have been proposed. This forces all customers to have a local currency account with Jiahua Bank as the first step. In the future, when customers want to convert foreign currency back to Hong Kong dollars, peer transfer will definitely be much more convenient than inter-bank transfer!" Yang Lingjun said with a smile.

"Old Han, you can finally sleep peacefully now!" Li Xuan turned his head and said to Han Peng next to him.

"Li Sheng, I personally still have reservations about this approach. With the current state of development of the Eastern Bloc, there is absolutely no need for us to make dangerous moves! It is absolutely not the work of a wise man to put the lives of our families on this kind of exchange rate gambling!" Han Peng shook his head and said.

In fact, this is not just Han Peng's opinion, the company's senior management is about Li Xuan's practice of using all the group's liquidity to bet on the Hong Kong dollar exchange rate. The opposition is still relatively loud. Li Xuan also relied on his huge prestige in the company to reluctantly convince others.

Li Xuan had a halo of rebirth on his head, and he could guess that the Hong Kong government would soon come up with a linked exchange rate system, and it was a sure-fire business to be bullish on the Hong Kong dollar. But in the eyes of others, in fact, the Hong Kong dollar has reached a precarious point a few days ago, and it may collapse completely if you are not careful. Li Xuan's approach is playing tightrope walking, which is very irrational!

Of course, the greater the risk, the greater the return! If the exchange rate of the Hong Kong dollar is still the same as in the previous life, it will be nailed to 1 to 7.8 by the Hong Kong government. Then the proceeds of Li Xuan's operation will be as high as $270 million.

What is the concept of $270 million? A well-known giant company in the electronics industry like RCA in the United States has an annual profit of only $4 or 500 million. RCA is ranked within the top 100 of the Fortune 500 companies in the United States. If it were in Hong Kong, there would now be no more than a lot of companies that could make $270 million a year.

"I'm not blindly bullish on the Hong Kong dollar. The Economic Research Institute has made a detailed analysis before, and it is impossible for the Hong Kong government to really allow the Hong Kong dollar to go bankrupt! Speaking of which, the current crisis is not due to problems in Hong Kong's economy, but a man-made political struggle. That's why I dare to make a bold move! But Lao Han, you are right, it is better to run a business on the right path. Let's not make an example!" Anyway, the profits are almost in his pocket, and Li Xuan doesn't mind self-criticism. Financial speculation like this. It really shouldn't be mixed up with the normal running of the company.

"Mr. Yang, the latest exchange rate of the Hong Kong dollar has risen to 8.6!" a secretary knocked on the door and came in to report.

The smiles on the faces of the three of them became even brighter!

At the Central Branch of Jiahua Bank, where Li Xuan had just driven by, the lobby manager revised the latest Hong Kong dollar exchange rate to 8.6 on the blackboard.

"Ladies and gentlemen, since the market opened today, the exchange rate of the Hong Kong dollar has been rising! The latest exchange rate of the Hong Kong dollar against the US dollar has risen to 8.6 Hong Kong dollars to 1 US dollar. Customers who continue to prepare to convert their Hong Kong dollar deposits into foreign currency deposits need to understand the exchange rate risks they may bear!" the bank's account manager reminded the long queue with a tweeter after revising the numbers on the blackboard.

"Eh, my eldest brother was still 8.8 when he came to deposit in the morning, and now it has risen to 8.6, which is also rising too fast!" said a man in the team wearing a white vest and his hair was a little messy.

"How much money did your brother save?" the others next to him asked curiously.

"Forty or fifty thousand, it's all his family's money at the bottom of the box!" This man's defensive psychology is obviously not strong, and he casually revealed the amount of his eldest brother's deposit.

"It's all converted into dollars, isn't that a loss of a thousand dollars in half a day!" asked another person next to him, his mental arithmetic skills were obviously good.

"There are so many?" said the man in the white vest with a shocked expression.

He and his eldest brother are not rich people, and both brothers work as cooks in a seafood restaurant, with a salary of just over 2,000 yuan a month. 1,000 yuan is already equivalent to half a month's salary for his desperate work. And the man in the white vest is now hiding the 40,000 yuan he just took out from another bank in the small bag on his chest.

The Hong Kong dollar had been falling a few days ago, and he had heard from others that the Communist Party was no longer ready to negotiate with the British, and that the mainland government might have to take over Hong Kong by force. The Hong Kong dollar issued by the British will be a pile of waste paper in the future, and the Chinese government will definitely use the yuan in Hong Kong!

At the instigation of his eldest brother, he hurriedly took out all his wives and went to Jiahua Bank to exchange for dollars. But now the Hong Kong dollar seems to be worth more than the previous few days, which makes him hesitate a little whether he should exchange the money for dollars? Like his eldest brother, he changed it early, and as a result, he lost 1,000 yuan in less than half a day, and he felt sorry for his eldest brother.

"If you are not ready to continue exchanging dollars and want to deposit your money back in the bank, you can come to this window. Whether you are a depositor or not, the procedures are very simple!" the lobby manager continued to shout with a loudspeaker.

The man in the white vest scratched his ears and cheeks and thought for a while, and decided to take a look at the shape first, after all, the Hong Kong dollar is no longer falling now. Anyway, the boss of Jiahua Bank is the "God of Wealth Li", and his assets are exchanged for hundreds of billions of Hong Kong dollars. Jiahua Bank has him, the god of wealth, and it is impossible to go bankrupt.

Therefore, the man in the white vest simply did not prepare to deposit the money back to the previous bank, but under the guidance of the lobby manager, he went to another window to reopen an account in Jiahua and deposited all his cash in it. And there are obviously quite a few people who have the same idea as him. (To be continued......)