Chapter 420: The Future of Hong Kong!
"What do you think the future of Hong Kong will be?" The old man asked with a smile.
Hearing this question, everyone also looked at Lin Yu, wanting to see how the young man would answer.
"Since my grandfather asked, then I will first understand Hong Kong. In my mind, Hong Kong is an international metropolis, one of the richest, most economically developed and with the highest standard of living in the world. Hong Kong is an important financial, service and shipping centre in Asia, and is known for its clean government, good law and order, free economic system and perfect legal system. ”
Lin Yu praised Hong Kong as soon as he came up, which also made the Hong Kong tycoons feel good, after all, Hong Kong is the place where they live day and night, and it is a home built together, containing everyone's hard work, and now when I hear someone praise it, I will naturally be happy.
"However, since the signing of the Sino-British Joint Declaration, many Hong Kong citizens have thought that the sky has fallen, and they have pinned their hopes for the future on immigration, which I think is a very sad understanding, you must know that the Huafu government has solemnly promised the world that it will implement one country, two systems in Hong Kong, adhere to the capitalist system and the original way of life, and enjoy a high degree of autonomy in all matters except foreign affairs and defense, that is, 'Hong Kong people govern Hong Kong and have a high degree of autonomy, which makes it clear that Hong Kong's future can only be controlled by Hong Kong's own people."
"I don't know how they can do prophetics, but I want to tell them that no, Hong Kong will never have that day, as long as the Hong Kong people themselves do not give up on themselves, Hong Kong's future will only get better and better."
Everyone laughed, before they came, they all had such and such thoughts and doubts, but now that they heard Lin Yu like this, they also unconsciously felt that the future of Hong Kong was in their own hands.
In fact, Lin Yu is also like this for a reason Lin Yu remembers that in his previous life, due to the negative attitude of Hong Kong's tycoons, many people emigrated and swept away a lot of Hong Kong's wealth, and in the end let international speculators take advantage of it, otherwise Hong Kong's loss would not be so great.
Although Lin Yu's words on this occasion will make some people in China think that this is the meaning of the Lin family and even the old man Lin, but Lin Yu still wants it, the current Lin family is no longer afraid of some actions, as long as it does not contradict the ideas of the central government ideologically and does not betray the country, then the Lin family will basically not decline, which is also after Lin Yu has thought about it.
Lin Yu remembered that in his previous life, national speculators began to sweep the whole of Asia from Southeast Asia, so that the whole of Southeast Asia and even Asia fell into a crisis.
During the boom of the 99s of the Mengshi century, Asia was recognized by the world as a huge emerging market in the new millennium. These countries or regions grew rapidly in the 6th and 8th centuries of the 2nd century, but before that they were only countries or regions in the exhibition dominated by agriculture and light industry. They take advantage of the opportunity of transferring labor-intensive industries from Western countries to developing countries, attract foreign capital and technology, make use of local labor advantages to adjust their economic development strategies in a timely manner, and quickly embark on the road of reaching countries or regions to become one of the economic locomotives in Northeast Asia and Southeast Asia.
However, this mode of exhibition has left many drawbacks, and the dependence on international capital has become a hidden concern for the economy. At that time, Thailand, like many Asian countries, began to borrow a large number of short- and medium-term foreign loans from overseas banks and financial institutions, and the external debt was as high as US$79. Beneath the surface of prosperity, Thailand has built many empty and shiny office buildings. South Korea, one of the four Asian dragons, has established an annual production capacity of 10,000 vehicles, which is kd times the capacity of the domestic automobile market at that time.
This hidden danger has been pointed out by people of insight a few years ago, but the vast majority of people have been intoxicated by this superficial prosperity and think that it is nothing more than unfounded fears. And the rapid development of more than ten years has also made more people forgetful.
In this environment, Hong Kong's economy has naturally been affected by this, and Hong Kong's foreign exchange reserves are simply vulnerable, if the hundreds of billions of dollars of international speculators pour into the Hong Kong market, Hong Kong will basically have to be slaughtered, almost without the slightest ability to protect itself, just like a naked beauty, open her legs, waiting for it only without the slightest doubt of the outcome.
Under the violent impact of such a huge amount of money, Hong Kong's Hang Seng Index is bound to fall sharply, and trillions of market capitalization will be steamed or lost. At the same time, the exchange rate of the Hong Kong dollar against the US dollar fell rapidly, and major banks will be run by the public. The financial crisis will not only cause the stock market to plummet, but the Hong Kong property market will also suffer a heavy blow all the way down, and property prices will plummet, which will make many property owners become "losers". As a result of the "negative wealth effect," investment and consumption have shrunk sharply, and the economy will deflation. Many companies have closed down or laid off employees, causing the unemployment rate to rise sharply, and the entire Hong Kong economy will be shrouded in sorrow.
And Lin Yu's current remarks are naturally trying his best to retain Hong Kong's funds, so as to do his best to protect Hong Kong's market under the impact of capital, coupled with the intervention of the mainland government and the strong entry of the Hong Kong government, Hong Kong may not be as hard as it was in the previous life.
Lin Yu remembers that in his previous life, Soros and many international speculators hit the Hong Kong market many times, on the one hand, they spread rumors that the renminbi was going to depreciate, shaking investors' confidence in the Hong Kong dollar; On the other hand, they have made a big profit in the foreign exchange market, which has made a big profit in the foreign exchange market, while selling stocks in the stock market to depress the Hang Seng Index, and accumulating a large number of short positions in the Hang Seng Index futures market, making huge profits in the foreign exchange market, the stock market and the futures market, and arrogantly calling Hong Kong their "super cash machine".
Under the violent impact, the Hang Seng Index fell to a minimum of 66∞ points, and the total market value steamed by nearly 22 trillion Hong Kong dollars in a year
Although the Hong Kong government after the return to the motherland has continuously used nearly 100 billion Hong Kong dollars, the stock market, the futures market, and the foreign exchange market have intervened at the same time in an effort to form a three-dimensional defense network, with the aim of propping up the Hang Seng Index, not only to make speculators unprofitable in the operation of shorting the August futures index, but also to make them lose their capital and retreat in the face of difficulties. The central government has also become a strong backing for Hong Kong, and the two deputy governors of the central bank are in command of Hong Kong, insisting that the renminbi will not depreciate, using a huge amount of foreign exchange reserves, and finally successfully repelling the "economic aggression" of Western countries such as Soros against Hong Kong, so that it can return home and keep the Hong Kong dollar from depreciating, but then it still led to a considerable economic recession. In particular, the Hong Kong property market has shrunk repeatedly, many real estate companies have gone bankrupt, and the Huo Group, which is led by real estate, has not been spared and has suffered a heavy blow, not to mention other medium-sized enterprises?
Lin Yu now wants to keep Hong Kong's capital, and then let Hong Kong continue to prosper, not giving Soros a chance to take advantage of, or reducing this loophole to the maximum, so that Lin Yu can have the ability to fight with Soros and others.
If it's just a Soros, Lin Yu is naturally not afraid, but the energy behind Soros is too great, so big that basically no one in this world can confront it, this is not Soros's energy, Soros is just a chess piece on the foreground, Lin Yu sometimes speculates, avoiding opportunities to make money, the Rockefeller family and the Morgan family and even those families in Europe did not participate, if not, Lin Yu himself would not believe that no one would participate in such a good money-making opportunity?
Seeing that the goal was achieved, the old man talked to everyone a few more words, and then said with a smile; "Let's talk slowly, I'm going to take a break as an old man.
I'll come here in a moment. ”
This meeting was originally just a formality, and the old man met the wealthy businessmen in Hong Kong before the formal meeting, mainly to calm their hearts, and there was no political significance. The real issues concerning Hong Kong's institutions and organizations after the return to the motherland and the policy outline are being strictly discussed and deliberated by special institutions and organizations, and they are by no means something that can be brought out by exchanging ideas at such a meeting.
Hearing the old man's words, everyone was a little surprised, and Old Man Huo hurriedly smiled; "The chief is too polite, let Yu go to your old place first, we are all old acquaintances, and some of the events in the future will be reminisced."
When they heard this, they all agreed.
Although the old man asked Lin Yu to chat with them first and then go over later, no one would think so, the old man was just polite, since the old man was looking for Lin Yu, he naturally had important things to discuss, and if he really took this kind of politeness as face, it was purely looking for death.
The old man didn't mind either, and said with a smile; "Then my old man will disturb them to catch up, and I'll let Yu visit you later."
Originally, Lin Yu came over to want Old Man Huo and others to catch up on the old days, but he didn't expect that the old man was looking for something to do with him now, so he could only smile helplessly at a few old men, and signaled to come back to visit after a while, so he hurriedly followed behind the old man and walked out of the reception room.
The old man did not leave the Diaoyutai State Guesthouse, but was guided by the staff to a room near the reception room. Although the old man did not give an order, after he walked out of the reception room, a large number of staff members followed closely under the leadership of the old man's secretary, and were ready to listen to the dispatch and instructions.
Of course, these staff members also have a division of labor in terms of rank and work content, some of them may have access to some secrets, and some of them may not even be remembered by the elderly