It only took 20 minutes to receive the meeting, but the next meeting lasted a week.

In addition to future SAR government officials such as Wu Jinhua and Mr. Gu, Mr. Li, Mr. Zhou, Mr. Wu and other representatives of Hong Kong's business and financial circles, as well as more than 30 Hong Kong advisers and Hong Kong members of the Chinese People's Political Consultative Conference, also rushed to BJ to attend the meeting in the form of a delegation visiting Beijing.

After such a long delay, the whole schedule was disrupted.

After the meeting, he only went to the Hujiang NB Industrial Park for a quick walk, and then hurried back to Hong Kong the day before the transfer of sovereignty.

In order to witness this historical moment, Xia Yao and Tengxi rushed back to Hong Kong from the northwest as early as a week ago. Even Qingqing and Auguste, who are studying in the United States, took four days off for this purpose.

"Qingqing, eat, don't pester Dad."

Communication with the children is more important than work, and I was chatting energetically, when the voice of Chef Teng came from downstairs.

"Here we are."

walked into the restaurant with his daughter and Auguste, and said hello to Liu Siwei, You Shaojun and Zhao Xiaoyun, who was talking to Zhang Hui and Zhang Lin, and suddenly asked, "Wife, don't wait for Natasha?" ”

Xia Yao carefully put the soup on the table, grabbed a towel and wiped his hands, hugged Xiao Zhang Han, who was revolving around the dining table, to the chair, and said with a smile: "I will return the day after tomorrow, it is the busiest time, how can she have time to come back to eat." ”

Tengxi raised his head and glanced at the wall clock, and added with a smile: "President Daniel has transferred several groups of people to start a 24-hour live broadcast from this afternoon. In the afternoon, I called her and was covering the Hong Kong Garrison base. Even if I came back, it would be around ten o'clock. ”

Tomorrow night at 12 o'clock sharp, the handover will be on time. The busiest people right now are the journalists.

The charter nodded slightly, and while beckoning everyone to sit down, he said with a smile: "There are so many people, how convenient it is to go out to eat, I am so busy that I can't sit down after working for a long time, why bother?" ”

So many people came at once, there were so many children. There was a table in the dining room and a table in the living room, and the bodyguards such as Jan Joseph and Magdalena still couldn't sit down, so they had to eat first. Xia Ning and Su Xingyun even became waiters, shuttling between the kitchen and the living room, serving tea and pouring water to guests, especially children.

Afraid that the good sisters would have any ideas, Zhang Lin pressed Zhao Xiaoyun, who came to the top of Taiping Mountain for the first time, to sit beside him, ate and said with a smile: "There are many people to be lively, besides, this meal is more meaningful than the Chinese New Year's Eve dinner, how can there be a reason to go out to eat." ”

I will go to the International Convention and Exhibition Center tomorrow night to attend the handover ceremony. There was a reception dinner before the ceremony, and dinner naturally could not be eaten at home.

What excites them is. The Hong Kong government not only gave 20 places to attend the ceremony for the NB Electric and NB Practical Rooms, but also received invitations as honorary chairman of the "NB Science and Education Foundation", a trustee of the Hong Kong Business School, a special director of the "NB Charity and Public Welfare Foundation", and a director of the electrical section of the Federation of Hong Kong Industries.

Counting the guests of Xinsheng Investment, NB Bank, "Huasheng Electronics" and "Jiangnan Road and Bridge", the number of NB people in the viewing group is as high as 66, and it is precisely because of the large number of places that Zhao Xiaoyun, who has just become the assistant to the president of Hong Kong NB Bioengineering, got a valuable invitation letter.

As soon as this was mentioned, Zhang Hui couldn't help but ask: "Charter, will you go to the rostrum tomorrow and take a seat?" ”

The charter picked up the drink, gave it to Zhao Xiaoyun, a rare guest, and said with a smile: "What are you kidding, I'm not a leader." ”

Liu Siwei grabbed his chopsticks and explained: "Only the delegations of China and Britain are on the rostrum, and there are a few dignitaries such as Mr. Dong and Mr. Gu on the Hong Kong side. ”

"Really?"

"Didn't it air on TV during the rehearsal the day before yesterday, go up, say a few words, lower the British flag, raise the Chinese flag and the Hong Kong regional flag, it's as simple as that."

"No show?"

The charter glanced at the eldest sister who couldn't gossip anymore, and said: "There is only a performance, no performance, and you don't want to think about it, is it decent to bounce around with such a strict ceremony?" ”

Zhang Hui was really not interested in these, and said half-jokingly: "Listening to the speeches of political dignitaries, watching the flag being lowered and raised, and staying up so late, it is not interesting at all, I knew this, I transferred the invitation letter." ”

Others can't go if they want to, the charter was made ridiculous by her, and said angrily: "Sister, it's okay to transfer, the key is that no one wants it, because if you want it, you can't get in." ”

"You believe her!"

Zhang Lin put down the cup and said with a fluttering eyebrow: "San'er, let's talk about tomorrow's things tomorrow, let's talk about the things in front of me first, the one from Xiaoyun's family came to the Special Economic Zone, and made more than a dozen calls to me, and I heard Director Yin say that he also went to the real yàn center in the afternoon, what do you think about this?" ”

"What's there to say about that?"

Without waiting for the charter to speak, Tengxi said indignantly: "For that kind of Chen Shimei, we should let him eat closed-door soup, let him wait in the Special Economic Zone, and wait until our Xiao Yun is out of breath." ”

It is better to demolish ten temples than to destroy a marriage.

Xia Ning valued the family more than anything else, disagreed with her point of view, and said uncharacteristically: "Xiao Yun, they all say that they can be repaired in the same boat for a hundred years, and they can sleep together for a thousand years. ”

Embarrassed to be thrown into Hong Kong, Zhao Xiaoyun was embarrassed, biting her chopsticks for a long time without saying a word.

The charter didn't want to take a stand on this issue, and he couldn't take it lightly, so he simply pretended that he hadn't heard anything, and tried his best to serve his daughter who could only eat fried chicken and eat hamburgers in the United States.

Xia Yao undoubtedly belonged to the "radical faction", and held the same view as Zhang Lin and Tengxi, and said with a stern face: "Sister, Cao Bin's problem is stricter than you imagined. It's not a question of whether the two of them are in trouble or not, but a betrayal of a bad nature, and they die unrepentant. For such a person, you don't expect him to change his ways. When it is decided, Xiao Yun's conditions are so good, I don't believe that I can't find a better one than him. ”

"Yes, Xiao Yun is so beautiful and cultured. There are no children to drag down. There are better options. Why bother with that wretch? ”

The ladies shared their hatred, and the men bowed their heads and remained silent. The children stared at a pair of big eyes, and when they saw Zhao Xiaoyun, they couldn't wait to get into the crack in the ground immediately.

It's too young to be inappropriate, so the charter hurriedly turned around and said: "Qingqing, August, Jiahui, Peng Peng, the cartoon has started, go to the living room to change places with grandparents and grandparents, and eat while watching." ”

"Dad, I don't watch cartoons anymore."

Qingqing picked up the dishes and chopsticks and grimaced at him. Immediately, like a little adult, he said matter-of-factly: "Aunt Zhao, it's right to listen to my mommy, don't want such a man." ”

The charter had a chill, and said with a smile: "Baby, don't get involved in adult affairs, you don't understand these things, and you will express your position when you grow up." ”

To his surprise, August, who had just walked to the door, turned around coldly and said, "Ankao." Qingqing already has a boyfriend, we all know what you say. Don't be when we don't know anything. ”

Today's children are too precocious, and everyone immediately burst into laughter.

Xia Yao realized the strict nature of the problem, and immediately put down the dishes and chopsticks and got up and said, "Qingqing, let's go upstairs to eat." ”

There is no doubt that she must want to inquire about her daughter's privacy, so she hurriedly grabbed it, and gestured vigorously behind her back with her left hand, signaling her daughter to hurry up, and smiled casually: "There are so many people, sit down and sit down, and talk about it after eating." ”

Dad is easy to talk to, and Mom is very conservative.

I've been worried that she will find out about falling in love, but I didn't expect this bastard to really burst out, Qingqing glared at him fiercely, looking at her gritted teeth, August knew that she was saying: You are dead! The heart of a thief is so weak that he suddenly disappears.

Children are not easy to educate, and adopted children are even more difficult to educate, Liu Siwei glanced at Xia Yao sympathetically, and said with a smile: "Brother and sister, you have to believe in Qingqing, believe in the teachers at school, and besides, this is normal abroad." ”

I fell in love at the age of fourteen, so why do I pay it back?

Xia Yao's intestines were about to regret it, and he couldn't wait to transfer her to Hong Kong immediately, looking at his wife's blushing face, looking like he hated iron but not steel, he patted her hand and said in a harmonious voice: "Wife, it's not that you haven't lived abroad, in foreign countries, teenage girls are the most beautiful, they develop very fast, and unconsciously, a little girl has become a sexy girl, and high school students are more mature." They have their lives, and you can't hold her to domestic standards. ”

How could Xia Yao not understand this truth, but he really couldn't accept it when it happened to his own child for a while, and he was silent for a while before he wanted to say again: "A girl is not a boy, what should I do if I suffer?" ”

It's really an embarrassing topic, the charter touched his nose, and said in a low voice: "So education is very important, and you two will go upstairs and have a good chat later." When the summer vacation is over, I will take her to participate in some public welfare activities to prevent AIDS. ”

This sudden episode made Zhang Lin almost burst into laughter, and quipped: "Xia Yao, now you know that your mother is not good, right?" It's okay, if you're too embarrassed to speak, I'll help you talk to Qingqing. ”

"Second sister, don't gloat, you will have this day sooner or later."

"Either I don't give birth, or I want to give birth to a boy, and if I really suffer a loss in the future, it will also be a loss for others."

Everyone laughed again, Xia Yao was made ridiculous, and quickly changed the topic: "Okay, okay, let's get down to business, Sister Xiaoyun, people are in the Special Zone, what do you think?" ”

Laughing and playing, having fun, this is called life.

Looking at Yiqiē in front of him and listening to their words, Zhao Xiaoyun had an unreal feeling, was stunned for a moment, and then shook his head without hesitation: "It's him who is sorry for me, and it's not that I'm sorry for him, no!" ”

The attitude was resolute enough, Zhang Lin was very supportive, but still reminded: "Xiao Yun, not only is he here, but your father and your father-in-law are also here, you can't see anyone, right?" ”

"I only see my dad, and he and his dad forget it."

Zhang Lin nodded slightly, and asked again: "The port will definitely be busy tomorrow, how about I arrange the meeting time the day after tomorrow?" ”

"Listen to you, I'm not familiar with this anyway."

After dinner, Zhang Hui, Tengxi and Xia Ning cleaned up the table and persuaded Zhao Xiaoyun again; Xia Yao and Zhang Lin pulled Qingqing upstairs and talked about those whispers about "adolescence".

As with the usual gatherings, the men came to the study as soon as they put down the dishes and chopsticks. After brewing a pot of tea, Liu Siwei finally asked the question he wanted to know the most: "Charter." What exactly was talked about at BJ? Is it related to a possible financial crisis? ”

Charter glanced back at the night sky outside the window. He whispered: "There are three main topics. First, during the return period, especially after the return, BJ was worried about the withdrawal of the consortium, so he did some work seriously; Second, there is a possible financial crisis, and more than a dozen large companies, including our NB Electric, are invited to discuss countermeasures; As for the future of Hong Kong, I wonder if the SAR government can build consensus and maintain a steady momentum of development under the premise of withstanding a possible financial crisis. ”

Three very realistic questions, Liu Siwei nodded thoughtfully.

Charter took a small sip of hot tea. He continued: "The main issues related to us are the second and third issues, and the main leaders such as Z Xi and Z Li have expressed their stance that they will continue to care about the company's business in China in the future. Before I returned, the power, transportation and telecommunications departments had signed contracts with Chinese companies with a total value of 760 million yuan. And privately revealed that once the crisis really happens, a new round of infrastructure construction will be launched in China.

BJ showed enough sincerity, and in return, I promised that 'Xinsheng Investment', 'Diamond Capital' and NB Bank would invest no less than US$20 billion to ensure the exchange rate of the Hong Kong dollar and buy back a part of the shares of NB Electrician, NB Electrical, Huasheng Electronics and Jiangnan Road and Bridge. and valuable blue and red chips. ”

Buying back its own shares was the company's established strategy, when Wu Jinhua was president. There was even a plan to fully privatize NB Electricians.

Liu Siwei pondered for a moment and said worriedly: "If the Hong Kong government does not enter the market, I am afraid that our $20 billion alone will not be able to maintain the exchange rate, right?" ”

"20 billion is definitely not enough, so at a small-scale meeting on the evening of the third day, CICC and the People's Bank of China decided to inject 50 billion US dollars into Xinsheng through the Bank of China in Hong Kong, entrusting us to invest and manage our finances, and all the proceeds will be used to ensure the exchange rate, and no more than 10 billion US dollars of principal can be used if necessary."

The charter blew the tea leaves floating on it and continued: "According to the coping strategy formulated by the China Y government and the future SAR government, local securities companies such as Hesheng, Bank of China and Yingduo, as well as Chinese-funded institutions in Hong Kong, will serve as the first echelon to defend Hong Kong's financial system, and the two deputy governors of the People's Bank of China will personally sit in charge, and international hedge funds will throw as many Hong Kong dollars as they want, until their nearly 10 billion foreign exchange reserves are exhausted;

More than 20 secret accounts under Xinsheng's name will serve as the second echelon, while Xinsheng's public accounts and NB Bank will serve as the third echelon. At the same time, whenever Southeast Asian countries and regions are in trouble, the HKMA will immediately and decisively enact a series of technical measures to raise the overnight lending rate and cut off the source of Hong Kong dollars for international investors at the source. At that time, the available funds will not be less than $80 billion. ”

Liu Siwei is a senior accountant and former president of NB Electric, and has always been very concerned about the exchange rate of the Hong Kong dollar.

He weighed it for a while, and suddenly smiled: "The Hong Kong government's nearly 90 billion US dollars in foreign exchange reserves and land funds have not moved, for international hedge funds, this is tantamount to a timed Z bomb, trying to short the Hong Kong dollar to make a profit, you must consider the risk of the Hong Kong government entering the market, the arrow is on the bow, it is not triggered, it is much better than directly entering the market." ”

The charter said lightly: "Yes, but it can only guarantee the exchange rate." Therefore, at the plenary meeting, the head of Zhong Y fully listened to the opinions of Mr. Wu, and gave Mr. Li and them a blow that if the worst happens, both the Zhong Y government and the Hong Kong government will only trust the valuable company. ”

For example, Mr. Li's Hutchison system, which is mainly based on real estate, has already blown a bubble to the outrageous level, and if the Hong Kong government bails out the market, it will be tantamount to sharing the risk on the heads of all Hong Kong taxpayers, and if the economy does not recover in the future, it will also cause a fiscal deficit.

At this critical juncture of the handover, it is obviously not an easy task for the Central Y Government and the future SAR Government to make such a decision. After all, doing so is tantamount to "seeing death or not saving", sitting back and watching their assets shrink, and most of them are pro-establishment.

Liu Siwei sighed lightly, shook his head and said with a wry smile: "Mr. Wu has offended everyone this time. ”

"Not only that, but he is also ready to use the LERS to fundamentally solve the problem of the Hong Kong government's inability to regulate and control Hong Kong's economy within three to five years after the crisis."

Liu Siwei was taken aback and blurted out: "He's crazy!" ”

"He's not crazy, and he's very sober, but it takes a lot of courage to do so, and he also needs to withstand more pressure than the Hong Kong government not entering the market and not bailing out the market."

Monetary policy is an integral part of fiscal policy.

In a period when inflation remains high, housing premiums and rental income will increase more than other investment, business and labor income, and social distribution will be tilted in favor of the wealthy, while the welfare of the proletarians will be forced to cut. Therefore, controlling inflation is called the core economic management work of a civilized country.

Under the Linked Exchange Rate System, the HKMA is simply unable to control inflation in Hong Kong, and thus loses its ability to regulate social distribution. The banks have the final say, the economy is overheated and cannot raise interest rates, and long-term low or even negative interest rates can only be invested in real estate and the stock market.

At the same time, under the LERS, it is not possible to establish an international bond trading center denominated in local currency, which strictly affects the scale of transactions in the financial market. And nailed the dollar, no different from the dollar against huàn bills, losing its value as a reserve currency. In fact, this has always been the Achilles' heel of second-rate financial centers such as Hong Kong and Singapore.

A closer look at the history of world finance reveals that having a sovereign currency is a necessary condition for becoming an international financial center. Britain and Switzerland publicly announced some time ago that they would not join the future eurozone, largely because they were concerned about the relationship between monetary sovereignty and international financial centers.

If Mr. Dong is a "conservative" official, then Wu Jinhua belongs to the "aggressive" elite.

As the former president of NB Electric, who is in charge of nearly 100 billion US dollars in assets, he will never be satisfied with the status quo to become a chief secretary for administration like the vice chairman of the "maintenance association", but sincerely wants to take advantage of this opportunity to do something for Hong Kong.

More importantly, the different heights, angles, and personal experiences make him more aware than other senior officials of the Hong Kong government, not only in the present, but also in the future. In both public and private, he has to make some changes. But this one is inevitably too big, and if you are not careful, it will cause economic turmoil.

Liu Siwei didn't want him to become a "sinner for the ages" in Hong Kong, and asked eagerly: "You didn't remind him how risky it is to do this?" ”

Even Dean Xie believes that in the context of high inflation and economic development full of asset bubbles, the continued use of the continuous exchange rate system will cause unease and even loss to the society, such as the current inflation rate close to 5%, it is inappropriate to continue the passive quantitative easing policy of the past. There is room for improvement in Hong Kong's monetary policy, which can make it a currency that can be proactive, forward-looking and actively safeguard the public interest on a regular basis, just like the Swiss franc. ”

Liu Siwei was anxious and said sternly: "However, once economic policies are fixed, they often solidify people's thinking like religion. Moreover, the financial sector and the real estate sector are the biggest beneficiaries of the linked exchange rate and have been opposed to any reform of the system. The entire legislative, judicial, and administrative system represents the interests of the propertied classes, and they have no incentive to change the linked exchange rate. ”

The charter really didn't encourage Wu Jinhua to do this, and he didn't even mention it.

Everyone has their own ambitions, and he didn't want to shake Wu Jinhua's determination, so he said casually: "So he has a long way to go, but he has enough support, and he has to pass the current hurdle before he implements it." (To be continued......)

PS: Yesterday there was something, a chapter was broken, please forgive me!