The next day, Li Yixuan contacted Tom and asked to buy land, but the other party did not reply to him.

It wasn't until a week later that Tom Jr. replied that he wanted 2 billion Hong Kong dollars.

This price must not be agreed, his land is not worth so much money at the actual value now, and this is not the price of Hong Kong land in 20 years. 1.3 billion, Li Yixuan gave his own offer.

After more than two months of bargaining, the two sides finally closed for HK$1.6 billion.

After completing the handover procedures, the company's money has basically bottomed out.

Looking at the basic bottoming out of the capital flow above, Li Yixuan sighed that the money was really not spent, and the profits of this year were basically all used to buy land.

Thinking that two years later, the Hong Kong dollar plummeted, and the exchange rate between the US dollar and the Hong Kong dollar fell from the current 1:6.5 to 1:9 or even 1:10, and finally the Hong Kong government had to abandon the floating exchange rate system that had been practiced for many years and changed it to a fixed exchange rate system of 1:8.7.

came to Zhang Guifang's office, and after saying his thoughts, he asked, "Mom, do you say there is a lot of room for operation here?"

In the early days, Hong Kong's currency issuance was just a convenient settlement for colonial merchants by the British colonial government in Hong Kong, and at the same time, the coinage rights could also bring additional fiscal revenue.

But since the 60s, land auctions have gradually become the main source of revenue for the Hong Kong government. In essence, the British government in Hong Kong is reluctant to let go, precisely because of the various interests derived from the auction of land in Hong Kong. Therefore, it is not possible to directly bring the revenue of Hong Kong's treasury to London, but through finance, infrastructure and various orders, as well as a large number of high-quality real estate held in the British-funded consortium, its rent collection and sale of real estate that has increased in price by 10,000 times can realize its colonial income.

Standard Chartered and HSBC, the two major note-issuing banks, have been both official and commercial from the beginning, and have the status of quasi-central banks, and the banknote issuance itself cannot directly earn profits, but because of the credit obtained, after enhancing the credit, it will naturally be able to get more deposits and lend more loans.

With the credit of the local government in Hong Kong, of course, it cannot issue currency, and even if it does, the credit may not exceed the Zimbabwean currency. Therefore, the Hong Kong dollar has long been issued under the Linked Exchange Rate System.

In the beginning, the Hong Kong dollar was issued as margin in pounds sterling, and the exchange rate was fixed with the pound sterling. However, in the 70s, the pound continued to depreciate, and the linked exchange rate between the Hong Kong dollar and the British pound caused many businessmen who held Hong Kong dollars to suffer heavy losses, and affected the normal currency settlement in Hong Kong.

So from the 70s, the Hong Kong dollar once implemented a linked exchange rate system with the US dollar, and in 72 years, the Hong Kong dollar was decoupled from the British pound exchange rate, announcing that it was tied to the US dollar, and the fixed exchange rate of 1 US dollar to 6.5 Hong Kong dollars was announced.

However, in 74 the dollar announced its decoupling from gold, and it is clear that the exchange rate of the dollar will not be as stable as in the past.

Subsequently, the Hong Kong government announced that the Hong Kong dollar would be decoupled from the US dollar, and the Hong Kong dollar gradually became a credit currency with a floating exchange rate system, no longer tied to other currencies, and relied on credit to issue, so that note-issuing banks and a large number of financial institutions in Hong Kong could naturally issue more local banknotes and lend more loans.

This also led to the sudden acceleration of Hong Kong's local economy in the 70s, especially in real estate, finance and other industries, which benefited the most.

With the decoupling of the Hong Kong dollar from sovereign currencies such as the US dollar and the British pound, the value of the Hong Kong dollar depends on people's confidence in Hong Kong's future.

Credit is shaken, investors are selling the Hong Kong dollar, and refusing to accept the Hong Kong dollar as the settlement currency, then ...... Not only will Hong Kong's financial industry be hit hard, but the entire Hong Kong economy will suffer a serious setback!

During the Hong Kong dollar crisis in '82, except for the Chinese government, which continued to support the Hong Kong dollar as an intermediate currency for RMB and other currency transactions out of the "great cause of national reunification", so that Hong Kong could continue to share in the commission income brought by the transfer of funds and goods from its own hands, the rest of the Western countries' enterprises, RB, the United States and even the capital of the United Kingdom refused to accept the Hong Kong dollar.

The refusal of foreign institutions to accept the Hong Kong dollar is a heavy blow to the Hong Kong dollar, which is equivalent to a nuclear bomb.

What's even worse is that even British-funded companies born and raised in Hong Kong have refused to accept Hong Kong dollars, resulting in a sharp decline in the exchange rate of Hong Kong dollars against the US dollar.

Some people may not understand, why the refusal of foreign-funded institutions to accept Hong Kong dollars will cause the Hong Kong dollar to plummet?

In fact, this has to start from the British government in Hong Kong itself, since Hong Kong was ruled by the British, Hong Kong has always been used as an ATM.

Especially in the past ten years, when the Hong Kong dollar was decoupled from the US dollar, the exchange rate was 1 US dollar to 5 Hong Kong dollars, and it took nearly 8 years to put dozens of times more Hong Kong dollar currency on the market than the original Hong Kong dollar currency, which only caused the Hong Kong dollar exchange rate to depreciate slightly to the extent that 1 US dollar was exchanged for 6 Hong Kong dollars.

However, in 82, after the failure of the Sino-British negotiations, the long-term fluctuation of people's hearts also caused the Hong Kong dollar exchange rate to continue to fall, and in September, the Hong Kong dollar exchange rate fell below 1 US dollar to 7 Hong Kong dollars for the first time.

In order to cope with the downward pressure on the Hong Kong dollar, on September 8, 83, the Hong Kong Association of Banks announced that it would raise the deposit interest rate by 5% from the next day, that is, depositors' one-year deposits would rise to 7% per annum.

In fact, in order to stimulate the sluggishness of Hong Kong's property market and stock market in recent years, deposit and loan interest rates have been lowered several times. In contrast, at the peak of the 80 years, the one-year deposit interest rate was higher than 18%, and the deposit interest rate reached more than 12%.

By '82, Hong Kong's deposit rate had fallen to 6%, the lowest rate in several years.

Banks collectively raise deposit and savings rates only to boost depositors' confidence in the Hong Kong dollar, and at the same time, to avoid a run on themselves by panicked depositors.

You must know that since the decoupling of the Hong Kong dollar from the US dollar in 74 years, the Hong Kong dollar has been regarded as a credit currency, and there is no need for foreign exchange as a margin at all, and there is nothing else as a guarantee, so the scale of Hong Kong dollar issuance has increased uncontrollably.

Coupled with the prosperity of the real estate and financial industries, banks are frantically absorbing deposits and lending loans, while ignoring operational risks. Now that the credit of the Hong Kong dollar is seriously doubted by the market, the worst losses are of course some small and medium-sized banks that do not consider the risks enough.

In the years that followed, when banks that still largely ignored the risks paid for their once aggressive efforts, hundreds of financial institutions in Hong Kong went bankrupt and were merged.

Even though the banking sector raised the interest rate on deposits, on September 14, a day later, the Hong Kong dollar exchange rate suffered another sharp blow, falling to HK$89, a record low for the Hong Kong dollar exchange rate.

However, on September 16, Hong Kong Financial Secretary Pang Laizhi accused at a media conference that "the Bank of China continued to buy US dollars and short the Hong Kong dollar", causing the Hong Kong dollar exchange rate crisis.

Of course, we all know afterwards that at this time, the British government in Hong Kong was catching thieves and thieves, and it was HSBC, the Hong Kong dollar issuer, that sold the Hong Kong dollar and bought the US dollar the most.

During the Hong Kong dollar exchange rate crisis, not only HSBC, but also Standard Chartered, Hong Kong banks, which are heavily controlled by British, also shorted the Hong Kong dollar to hedge against the depreciation of their own Hong Kong dollar assets.

Later, some people counted that during the Hong Kong dollar exchange rate crisis, HSBC at least continued to sell 10 billion Hong Kong dollars to buy US dollars from the market, so the biggest Hong Kong dollar short was not Bank of China but HSBC.

As for other foreign and local Hong Kong companies, and even some people who have some savings, many of them are accomplices to the sharp drop in the exchange rate of the Hong Kong dollar.

The whole market is full of investors selling Hong Kong dollars and buying US dollars.

The above is the whole story of the Hong Kong dollar crisis, and Li Yixuan and his mother are discussing how to use this crisis to strengthen themselves.

Li Yixuan set two principles: in the Hong Kong dollar crisis, Oranges should not be harmed, and on this basis, it should make as much profit as possible. Use all of the bank's credit limit, get a large amount of Hong Kong dollar loans, and ...... These Hong Kong dollars continue to be exchanged for US dollars!

When the market is crazy to grab a limited number of dollars, and when the Hong Kong dollar falls below 8 against the US dollar, you can buy the Hong Kong dollar.

Because 1:8 is the profit break-even point, borrowing Hong Kong dollars from banks needs to pay interest, converting Hong Kong dollars into US dollars also needs to pay a series of handling fees, and the inflation of currency also has to be calculated into the cost, and even the follow-up operations have to cost costs, so that 1:8 is their break-even point.

In everything we do, we must anticipate victory and defeat first. That is to say, once the bottom buying fails, what should we do? I have to set a red line for myself, the calculation of the financial robot, the exchange rate of the US dollar against the Hong Kong dollar is 1:6, which is the red line that Li Yixuan's mother and son can bear, that is to say, once the US dollar against the Hong Kong dollar exceeds the 1:6 line, Li Yixuan must cut the meat and get rid of the position, otherwise the company will have the danger of breaking the capital connection.

It took Li Yixuan and his mother one week to make the general plan, and another three months to refine the details, not only plan A, but also multiple options B, C, D, and E.

These options are used only in the event of an unforeseen circumstance.

Financial speculation is not that you know the direction of history, and you can copy as much as you want with the money in your brain, if you play finance like this, then I am very responsible to tell you, even if you are a traverser who knows the future trend, you will lose everything.

Because other people are not stupid, but they have come out of the financial market through a lot of battles, and what do you rely on, what can you rely on your limitations? The financial market is fickle, and the data you see or the so-called trend is just the result of the announcement after the fact.

And the changes in the process in the middle, why people eat, why they throw, why they fall below 1:8, why they rise to 1:6, why the Hong Kong government sets the US dollar at 1:8.7 against the Hong Kong dollar, and the Hong Kong dollar crisis is over, there are profound truths behind this.

Only by understanding these things thoroughly will you be able to deal with them calmly.

Fortunately, in this Hong Kong dollar crisis, which is second only to the Asian financial turmoil, there are a large number of financial experts and economists on the Internet in later generations, as well as post-mortem analysis reports of political scientists to provide information for Li Yixuan, otherwise even if he knows that there is such a crisis, he will not be able to benefit from it and forcibly participate in it, and maybe he will be eaten up by those predators.

This kind of thing cannot be done by outsiders, including Guo Yifei, so the plan can only be done by Li Yixuan and Zhang Guifang, and Zhang Guifang is old, plus he has to manage the company, and in the end, this task can only fall on Li Yixuan's shoulders.

Even if there is information from later generations for reference, after all the plans are made, Li Yixuan is tired.

All the plans were stacked on top of each other, a foot high, and on the table, Li Yixuan sat on the chair and let out a long breath.

It's not a human job.

With so many plans, Zhang Guifang couldn't finish reading them for a while, so she just asked Li Yixuan to go back and wait for the notice.

Before leaving, Li Yixuan said: "Mom, you have to finish reading it as soon as possible, we are running out of time." It's October, and the 80th year is about to turn the page. ”

Zhang Guifang said: "Son, you have worked hard these days. ”

"We are mother and son, what are we talking about? ”

Zhang Guifang continued: "Although we know history, we are not professional in finance after all, have you ever thought about what to do if our plan fails?"

"What are you talking about, didn't I set a few red lines to stop losses, only if we don't go online, we will stop losses in time, and we will lose money at most. Even if we lose nothing, it's a big deal to go back to our own plane, you must know that we are always intruders here. ”

Zhang Guifang looked at the eyes that were a little complicated and said, "After so many years, you haven't melted into here yet?"

"Blend in, I never intended to blend in here. Li Yixuan smiled: "Everything released here has nothing to do with me, we are just intruders." Maybe one day I wake up and find that it's just a dream, maybe one day I wake up and my space-time gate is gone, maybe everything we're experiencing is just a time travel game set up by someone else, just like in "Truman's World". It's just a game, you and I just have to enjoy the process of the game, and we'll go home when the game is over.

Remember Mother, it's just a game. It's a game brought to us by the space-time gate, and before us, I don't know how many people have enjoyed this game as much as we did, maybe we didn't play it the best, but I think we played it pretty well. But no matter what, we are lucky to be part of this game, and we are luckier than anyone else.

This game has taught me a lot of things that I couldn't learn before, thanks to the space-time gate, and to the people who got us involved, no matter what the purpose. ”

Finally, Li Yixuan raised his right hand high, "Mother, enjoy every day to the fullest, see you later." ”

After speaking, Li Yixuan left, and Zhang Guifang was left alone in the office.