Since Chen Zhiwen crossed over to Hong Kong, too many things have changed, such as many large British consortia were cut off by Chen Zhiwen in advance, under Chen Zhiwen's operation, Hutchison, an unlisted company, has obviously become one of the largest consortia in Hong Kong, no worse than the peak of Land, and the existence of the United States has made Hong Kong's electronics industry extremely developed, tens of thousands of people work in this field, and in the original history, these positions basically did not exist, and a large number of export products, although most of them were taken away by the company, But even a small inflow into Hong Kong's job market can provide a significant boost to Hong Kong's economy.

For example, Yuen Long, in the situation of the real estate crisis, can still maintain the stability of volatility, there are high and low, but there is almost no decline, the fundamental reason is that the Midea Industrial City from the most basic employees to high-level R & D engineers, more than 40,000 people have not weak consumption power, their demand, to maintain the economy of Yuen Long, and close to the Midea Industrial City apartments, shops, residences, and even have a rising trend, which can be said to be the unique landscape of the Hong Kong real estate market today.

However, some major events of historical trends are useless for anyone, such as the real estate bull market in 75-81, the real estate and economic crisis in 82-84, or the Hong Kong dollar crisis that is about to erupt, which is an unstoppable historical trend, just like the oil crisis.

The reason for the incident is actually very simple, that is, the Hong Kong government is running out of foreign exchange.

Hong Kong has always been a policy of free currency exchange, that is to say, anyone can take the Hong Kong dollar, go to the bank to exchange the US dollar, the yen, the British pound, the German mark and other major currencies in the world, of course, the amount is too large or need to be reviewed and processed, but as long as it is reasonable, it does not involve money laundering and tax evasion, and it can basically be passed.

Most people in a region will not need foreign exchange, they are just living locally, and only a small number of people and companies need foreign exchange, so under normal mode, if there is no problem with the economy of a region or country, foreign exchange can also be maintained, but if something goes wrong and causes many people to exchange, it will be like a bank run, out of control, no country can withstand the endless foreign exchange run, except for the United States, whose own currency itself is the foreign exchange of other countries.

82 years ago, the exchange rate of the Hong Kong dollar was actually depreciating slowly, but the magnitude was very low, the fundamental reason for this is that in order to stimulate exports, although the export of the consortium led by the United States is strong, but the growth of high labor costs has made many small enterprises unable to bear, and the Hong Kong government can only slowly depreciate the Hong Kong dollar.

After the outbreak of the economic crisis after 82 years, a large number of people wanted to immigrate, and many enterprises also wanted to transfer out of Hong Kong, which led to the Hong Kong government's foreign exchange began to be run, but in the early days, it was not exhausted, and the Hong Kong government has always adhered to the principle of free convertibility, but after a long time, it was completely unbearable, so the previous free exchange policy was overturned, and everyone was restricted every day, and at the same time, a certain audit system was carried out for large transactions.

However, as long as a flood control dam is not completely blocked, leaving an opening, it is equivalent to not being blocked, and there are policies and countermeasures, and a large number of scalpers can still make profits from it, and use various means to exchange foreign exchange for others and take advantage of the loopholes in the new regulations.

The Hong Kong government can't do too much, otherwise it will affect the image of Hong Kong's free market, and at most it can only catch scalpers, but under the huge profits, ten batches will emerge after catching one batch.

In this way, the Hong Kong government has spent a year, and this economic crisis is different from any previous one, and the foreign exchange is unbearable, so at the end of August, the official cut off the exchange of foreign exchange directly from the source, resulting in scalpers even if they have channels, they can not exchange a large amount of foreign exchange.

A large number of banks have also begun to stop the business of exchanging US dollars, that is, HSBC and Standard Chartered, which also require a person to exchange 100 US dollars in a day, and the process is very slow, deliberately delaying time, which has also led to a long queue at the door of the two banks.

Eventually, a large number of people who could not exchange dollars began to panic, and panic will spread, when the news spread, people who were not in a hurry to exchange dollars also began to run to exchange on a large scale, which led to further depreciation pressure on the Hong Kong dollar, and a depreciation, that normal people also want to exchange, they do not want to immigrate, but do not want to suffer the loss caused by the depreciation of the Hong Kong dollar, which is also the basic logical thinking of ordinary people. In 1997, Soros led the U.S. fund across Asia, and in fact took advantage of this to get all the people of the country to help him.

The spread of panic is getting faster and faster, and in the end, many people are worried that the Hong Kong dollar will continue to depreciate, or even become waste paper, so they are willing to exchange dollars on the black market at very outrageous prices, and those who can't exchange it are to go to supermarkets and shopping malls to buy all kinds of materials, no matter what the value of the currency, materials are always useful, Chen Zhiwen's PARKnSHOP supermarket was almost emptied, and some gold stores were also completely emptied, and gold is still always valuable.

A large number of people choose various ways to cash out in order to keep their family property, which has also led to a large number of jobs in Hong Kong, even in the Midea Industrial Park, and even many civil servants and police officers have done the same thing.

The whole of Hong Kong's society is functioning because the Hong Kong dollar cannot be exchanged for US dollars, and it has become a mess.

Since then, the Hong Kong dollar crisis has officially erupted.

A major crisis has never only affected within its own scope, but has affected the whole situation, along with the real estate market and the stock market, which have also plummeted.

It's normal, after all, many people don't want Hong Kong dollars anymore, so why do they want houses and stocks in Hong Kong?

Galaxy Tower:

"Now the dollar is worth more than 8 on the black market?" After listening to Zhou Jiayang and Huo Jianning's reports, Chen Zhiwen put away the newspaper and said with a smile.

"Yes, it was 7 a few days ago, and it will generally be 8 this morning, and I estimate that according to this trend, it will soon be 9, and even 10 is possible." Huo Jianning replied that the boss had let all the companies that held Hong Kong dollars in their hands, except for the necessary funds for daily operations, all the others were converted into US dollars in advance, and even many deposits of Hisense Bank were transferred out, and now the Hong Kong dollar exchange rate has fallen sharply, if it is calculated in Hong Kong dollars, it is really a huge profit return.

"This thing is slow in the early stage, once it doesn't work, it will be like a mountain of collapse, the Hong Kong government has been holding on to it before, and today it can't hold on, and the market confidence is suddenly gone." Chen Zhiwen shook his head and said.

Most or most of the governments in the world, when there is a problem, do not want to solve it as soon as possible, but drag it out, and in the end, the problem gets bigger and bigger, and they can't hold it back, just like the Hong Kong dollar crisis, if the restrictions start at the end of last year, even if it is a mild restriction, although this will not solve the problem, but at least the crisis can be postponed, and it will come to an end until the end of next year. It is a pity that in the early days, the Hong Kong government did not care, in order to maintain the "free market", arbitrarily and freely convertible, and the result is that it is in today's situation, and then it is still necessary to break the "free market" policy that it was reluctant to give up at the beginning.

"Then Chen Sheng, what should we do now? Do you want to open an opening now and exchange Hong Kong dollars? At present, Hisense has more than 1 billion US dollars in foreign exchange. Huo Jianning said with some joy,Since the beginning of last year,Hisense Bank began to exchange foreign exchange,Official、Underground、Exchange with overseas consortiums,All kinds of methods have been used,A total of 1.13 billion US dollars of foreign exchange was exchanged,This is almost equivalent to 1/4 of the deposit of the entire bank,And this is almost the limit of being able to cash out,After all, 25% of bank deposits need to be guaranteed,The rest will also be lent out,And this 1.13 billion US dollars,According to the current exchange rate,You can also make a net profit of more than 2 billion Hong Kong dollars。

"The opening can be opened, but it can't go through formal channels, and now the official exchange rate of the Hong Kong government is still 5.5, and we can't trade at the exchange rate of the black market." Chen Zhiwen smiled and said: "Just give it to those scalpers, put a little to them, and then release the news, just say that we Hisense have a lot of dollar assets, and I want the Hong Kong government to take the initiative to find us." ”

Hisense Bank,Although it is the third largest bank in Hong Kong,But it is not an officially supported bank,So there is no absolute obligation to open the exchange business,That is to say,Can be done or not,Under normal circumstances,Even if this business is done, it is also to HSBC service,Earn a little handling fee from it,And since the economic crisis in September last year,Hisense Bank has cut off the exchange business。

It is true that the exchange is now,Just Hisense can earn 2 billion Hong Kong dollars,It may be more in a week or two,But pure money,It doesn't mean much to the whole group,What he needs is for the Hong Kong government to come to him,And then through some negotiations,To get other benefits,And the dollars that he exchanged early on,It can also be put on the market,After all,The Hong Kong government needs a lot of dollars to stabilize the currency。

"Okay, I see." Huo Jianning nodded and said with a smile.

"Zhou Jiayang, and Huang also have a lot of dollars in their hands, I know you need to invest in Japan, the rate of return in Japan is indeed very high, but it is impossible to compare with this side in the short term, mobilize some funds back, ready to invest in some rich people or medium and large companies that need to transfer assets, we give dollars, they sell land or property, just take this opportunity to slaughter them." Chen Zhiwen said again.

In the past, when the economic crisis could still hold, many people would not let go of high-quality properties at will, but the Hong Kong dollar crisis broke out, and these people may only have dollars in their eyes now, and slaughtering them may make them happy to death.

"Okay." Zhou Jiayang naturally understood this opportunity.

Chen Zhiwen nodded and said, "Next, we have to wait for the Hong Kong government." ”

(End of chapter)