Chapter 549: The Great War is Coming

In the face of Hong Kong's return to the motherland, which has attracted much attention from the world, Leng Binghan was nervously preparing for the college entrance examination in his previous life, and he could only get a cursory understanding of it from television broadcasts and newspapers, and while he was happy that the motherland was becoming more and more prosperous and powerful, he could not help but feel some regrets. After all, it is a pity that we cannot witness this moment that makes hundreds of millions of Chinese people raise their eyebrows. And if you have such an opportunity in this life, and even if you are more or less involved in it, it is even more unmissable.

Leng Binghan flew to Hong Kong on a special plane with the chief executive at the end of June.

This is not the first time in the chief's life that he has set foot on the land of Hong Kong. In the twenties and thirties, his family had been to Hong Kong five times, but each time he had only passed through Hong Kong for various reasons, such as going to France for work-study and being dispatched by the Central Committee of the Communist Party of China and the Central Military Commission on official business, and never really stopped. Moreover, although the vast majority of people living in Hong Kong at that time were Chinese, all kinds of jurisdiction belonged entirely to the United Kingdom.

Therefore, since the retirement of the chief in 89, there has always been a wish that has not been fulfilled, that is, in 1997, when Hong Kong returned to the motherland, he wanted to set foot on the land of the motherland, even if he was in a wheelchair, even if he stood on the land of Hong Kong for a minute.

However, even such a small wish was ultimately not fulfilled by the chief.

Fortunately, the cold rebirth, this butterfly effect changed all this, so that the chief was finally able to get his wish.

Although the chief came to Hong Kong in a private capacity, it also attracted a lot of attention. After all, the smooth return of Hong Kong and the smooth implementation of the "one country, two systems" policy are entirely due to his old man's leadership. In 1997, Deng Xiaoping, who made a third comeback after ups and downs, began to pay attention to the long-delayed Hong Kong issue in the midst of a myriad of tasks. From up to 22 rounds of negotiations to the creative idea of "one country, two systems"; From upholding principles and resisting the British threat with a tough attitude like steel to finally signing the Sino-British Joint Declaration, every step was hard-won, and every step was poured into the hard work and sweat of his old man.

After the chief executive arrived in Hong Kong, Prince Charles, Prime Minister Tony Blair, Foreign Secretary Cook, outgoing Governor Chris Patten, Chief of National Defence Staff Charles Guthrie and other British royal and senior dignitaries went to the airport to greet him, hoping to see the demeanor of this old man of the century who was full of legends and legends.

The Chief, accompanied by Prince Charles, inspected the guard of honour of the British Army and officially appeared in front of the people of Hong Kong. In the following two days, the chief and his entourage visited the army, navy, and air force installations of the British forces stationed in Hong Kong, and met with people from all walks of life in Hong Kong and representatives of overseas Chinese. He expressed his heartfelt thanks to a group of well-known industrialists, businessmen, community leaders, and celebrities who actively implemented the principle of "one country, two systems" and played a special role in the process of Hong Kong's return to the motherland, such as Wang Kuancheng, president of the Chinese Chamber of Commerce, Bao Yugang and Dong Haoyun, "world ship kings," Run Run Shaw, "film and television king," Tung Chee-hwa, chief executive, Fan Rita-tai, president of the Legislative Council, and Chen Tinghua and Cao Guangbiao. I would like to express my gratitude to all those in the world who care about and support Hong Kong's return to China. I would like to extend my cordial greetings and best wishes to the more than 6 million Hong Kong compatriots who are about to return to the embrace of the motherland.

The chief's visit has further boosted the national spirit of overseas patriots who are eagerly awaiting Hong Kong's return to the motherland and deepened their understanding of China's principle of "one country, two systems." They unanimously agreed that the significance of Hong Kong's return to the motherland has gone far beyond the handover event itself. Hong Kong's prosperity and development will not only benefit Hong Kong, but also benefit China, and will also have a positive impact on the world.

The people of Hong Kong have also paid great attention to the chief's visit to Hong Kong, and even in the places where the chief has passed, thousands of Hong Kong citizens have gathered there, and even sometimes the sky is not beautiful and it is raining heavily, but it has not stopped them from coming, chanting the widely circulated slogan of "Hello Chief" to express their respect and admiration for this old man, and they are unwilling to leave in the rain for a long time.

However, at that moment that will forever go down in history and make all the Chinese sons and daughters enthusiastic, the chief did not appear at the scene of the handover ceremony at the Hong Kong Convention and Exhibition Center, but only at his place of residence, through the television broadcast, watching the military band of the Chinese People's Liberation Army play the majestic national anthem of the People's Republic of China, and the Chinese national flag and the regional flag of the Hong Kong Special Administrative Region were slowly raised together, and his eyes were full of tears of excitement.

Leng Binghan silently accompanied the chief, looking at this white-haired old man, his heart was full of emotion.

Leng Binghan knew that it should have been the old man who was the chief who was originally speaking in front of the podium inlaid with the national emblem of the People's Republic of China, and it was he who single-handedly created this historic moment that washed away China's century-old humiliation. But he has taken a back seat, and this moment and glory still belong to the current general secretary.

After the handover ceremony was completed, the chief returned to the capital shortly after. However, Leng Binghan stayed alone, always paying attention to the changes in the turbulent Southeast Asian financial market.

Although Leng Binghan is well aware of the various situations of the Asian financial crisis in his previous life. But in this life, due to his birth, various circumstances have changed somewhat, the most important of which is the "Quantum Fund", the culprit that caused the Asian financial turmoil in his previous life, has now become a chess piece in his hands. Will everything go exactly the same way as in the previous life?

International investors and speculative speculators, like vicious dogs, have been attracted to the big fat meat of Asia and flocked to it. Although almost all of them are still within the cold and controllable range, no one knows whether these speculative speculators, who have become red-eyed, will go crazy and abandon the "quantum fund" and launch a large-scale attack on Hong Kong. Behind this, I don't know how many ill-intentioned promoters. If the situation gets out of control and it fails to take strong, effective, timely and prudent measures, it will undoubtedly be a disaster for Hong Kong.

The stakes are very high, therefore, Leng Binghan did not dare to slack off in the slightest, and Zhu Jianjun sorted out the most timely situation and analysis reports every day, as well as the economic and financial news that happened around the world, and handed them over to himself for reading and reference, and then combined with the memory of his previous life, he adjusted the situation and plan at any time to ensure that everything was carried out step by step according to his plan.

And Zhu Jianjun is also happy to have Leng Binghan personally in charge. Such a big matter, to be a little more serious, can be said to be a matter of life and death in Hong Kong and the fate of 6 million citizens.

As time progressed day by day, while Southeast Asian countries were asking for help and actively planning, international speculators suddenly disappeared. The currency exchange rates of Southeast Asian countries have also stabilized temporarily. The people of the ravaged and tormented countries of Southeast Asia breathed a sigh of relief: "Well, the storm has finally passed. ”

However, the tranquility of the eve of a storm, beneath the calm surface, often lies a killing spree. This calm lasted only a few days, and before the Southeast Asian countries had time to wipe off the blood stains on their bodies, the "quantum fund" and a large number of speculative speculators seemed to have digested the great gains of the previous period and made a comeback again. This time the strength and intensity were stronger than before, and another jaw-dropping decline came in an instant, this time, pulling Brunei into the water as well.

At this point, Soros is even more unforgiving, bravely chasing the poor, once again concentrating firepower to sweep Southeast Asia, and even gradually swept the entire storm across Asia, turning into the Asian financial crisis.

However, at a time when the whole of Asia is in turmoil, speculators have avoided one very obvious target: the Hong Kong dollar. Throughout, the Hong Kong dollar exchange rate has remained at a desirable level. For Hong Kong, which is inextricably linked to several countries where currency crises have occurred, this cannot but be said to be a miracle.

In a sense, in addition to the huge deterrent power of Feiyuan, the creation of this miracle is inseparable from the effective management of the Hong Kong Monetary Authority. As early as the beginning of 1995, when the financial crisis broke out in Mexico, Hong Kong's financial market experienced short-term fluctuations, but the Hong Kong Monetary Authority (HKMA) raised the interest rate on short-term liquidity in a timely manner, causing speculators to suffer heavy losses instead of making a successful speculation.

This year, when the wave of speculation began to prevail, the Hong Kong Monetary Authority (HKMA) was ready to take on any challenge. As soon as there is any sign that a wave of speculation is coming towards Hong Kong, overnight lending rates will rise rapidly. If interest rates are raised to the necessary level to maintain a relatively fixed exchange rate, speculators betting on the Hong Kong dollar are likely to be hit hard again. Sure enough, on 24 July, the Hong Kong Monetary Authority (HKMA) intervened again in the macro market, causing the interbank interest rate to rise above 7%. This measure not only ensures the strength of the Hong Kong dollar, but also sends a warning to international speculators.

As a matter of fact, there are more profound reasons why Hong Kong, as a well-known international financial center, has been able to survive many international financial turmoil in recent years.

First of all, Hong Kong's economic development is doing well and is on the rise. The economic growth rate is high, and the demand for investment and consumption will continue unabated. Currency and currency value are the embodiment of economic strength, and if the economy is running well, the currency will be stable.

Second, Hong Kong has a strong foreign exchange reserve behind it. As at the end of June 1997, Hong Kong's foreign exchange reserves amounted to US$69.7 billion, which, together with the foreign exchange reserves of the Land Fund managed by the Hong Kong Monetary Authority in a separate account, amounted to US$82 billion, rising from seventh to fifth place in the world.

However, just when everyone is paying close attention to Hong Kong, on August 14 and 15, Soros's "Quantum Fund" finally entered the Hong Kong foreign exchange market with an unstoppable momentum, and a battle of the century is about to kick off under the watchful eye.