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Free Web Novel,Novel online - All in oicq.net -> Romance -> Electric tyrant Text Chapter 385: Planning Two Major Businesses
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- Early the next morning, the Bank of Thailand announced the end of its monetary basket policy and allowed the baht to float freely. As soon as the news broke, the Thai baht depreciated 20% against the United States!
Countries such as the Philippines, Indonesia, and Malaysia, which have the same economic problems as Thailand, were quickly hit by the depreciation of the Thai baht. On July 11, the Philippines announced that it would allow the peso to be exchanged with the U.S. dollar within a wider range. On that day, the peso depreciated by 11.5%. On the same day, Malaysia raised bank interest rates to prevent further depreciation of the ringgit and was forced to abandon the parity between its currency and the US dollar. The Indonesian rupiah depreciated by 14% from July 2 to 14!
The entire Southeast Asian economy has been affected, and Hong Kong cannot survive alone.
In just ten days, the Hang Seng Index plummeted by more than 600 points, and the four pillar sectors of finance, real estate, trade, and tourism were all "lost". Fearing that the Hong Kong dollar would become the next target of speculators, panicked corporate institutions They all sold Hong Kong dollars before the weekend and bought the U.S. dollar, which is not linked to Hong Kong. After the market opened in the afternoon, the U.S. dollar once fell to the level of HK$7.75, which was considered a warning level by the Hong Kong Monetary Authority. The situation lasted for more than two hours!
¡° The worse situation was predicted a few months ago and a series of response policies were formulated. The Hong Kong government was not overwhelmed by this.
As soon as the Hong Kong dollar showed signs of being attacked, the Hong Kong Monetary Authority immediately announced its foreign exchange reserves of HK$569 billion as planned. At the same time, the first echelon of Chinese-funded institutions, organized by Vice President Wu and the Hong Kong and Macao Working Committee, mobilized More than US$1 billion of funds entered the market, causing small speculators to leave the market with losses in less than two hours.
Wu Jinhua clearly understood that this was just the beginning. In order to ensure the credibility of the SAR government, he had his first dispute with his immediate boss. At the last moment when Mr. Dong took to the press conference stage. Persuaded him to delete unconvincing speeches such as "The Hong Kong stock market is in shock. It's just a temporary adjustment."
What is ironic is that although China and China have reached a consensus on this issue, the spokesperson of the Ministry of Foreign Affairs still stated firmly in the bj: "The Hong Kong stock market has experienced such fluctuations in the past, so it is not surprising."
Fortunately, the leaders of the People's Bank of China reminded them in time and did not make similar remarks at the second press conference. Instead, the focus is on "the fluctuation of Hong Kong stocks is something that the SAR government must handle on its own. The Chinese government will follow the principle of 'one country, two systems' and will not directly interfere with Hong Kong's stock market and the exchange rate of the Hong Kong dollar."
Except for a trip to Xinsheng Investment on the day of return, Zhang Cheng has never been there again. I have been staying at home and in the laboratory, spending time with my wife and son. I waited for my daughter, who is studying in junior high school in the United States, to have summer vacation, and then we went to Indonesia for a "vacation" together as planned.
Singapore, which is close to Indonesia, is also one of the destinations of this trip, so the first stop is this picturesque Lion City.
During this period, the three major financial investment institutions in the nb department can be described as making a lot of money every day. In just a short time from the airport to the hotel, His Highness the Prince made millions.
There is nothing more exciting than this, and the shots are more generous than before. No matter whether Qingqing is old enough to take a driving license test. As soon as they met, he smiled happily and said: "My dear little princess, in order to express my friendship with your father. In order to express my uncle's love for you, I decided to give you the latest Ferrari sports car."
As he spoke, he took a magazine from his entourage, pointed to the picture on the cover and asked, "Would you like a red one or a white one? I'll have someone make a reservation for you now. You'll take your driving test in two months." I got the certificate and picked up the car when school starts, just in time.¡±
I am trying my best to avoid being spoiled, but here you are.
Seeing the excitement in her daughter's eyes, Xia Yao grabbed the magazine without hesitation and said angrily: "Your Highness, Qingqing is still young and lives in school, so she doesn't need a car for the time being. We appreciate your kindness."
The last time I went to school to visit Qingqing, I left tens of thousands of dollars. Xia Yao called me to bury her for nearly half an hour, and ordered Qingqing to remit the money. It happened again today, and in front of so many people, Matt Prince Bu was very embarrassed. While beckoning his followers to go out, he said in a seductive way: "Xia, you are always like this. This is not how children are educated. As a mother, you have responsibilities and obligations, and you have the ability to give her more." Good life.¡±
The little girl was not afraid of anyone but the mother beside her who had extremely strict upbringing. She hurriedly said: "Uncle Prince, compared to those children in war-torn areas, my life is already very good. My mother is right, The boarding school I went to didn¡¯t require a car, and I wasn¡¯t old enough to take a driver¡¯s license.¡±
"Okay, Uncle Che will be left here for you. Call me whenever you need it."
Prince Mateb touched her head, then turned around and introduced awkwardly: "Xia, this is Linda, we just got married, and because you and Zhang were too busy, we didn't invite you to the wedding. "
Since knowing the charter, Wang ZidianThe concept below has undergone earth-shaking changes.
Especially in terms of family and marriage views, we have become very progressive, civilized and responsible. We firmly oppose polygamy and advocate respect for women. Therefore, marriages and divorces have become somewhat frequent. In the past four years, Zhang Cheng and Xia Yao have actually attended his four weddings. I really don't know which princess this blonde, tall and sexy girl in front of me is.
It is absolutely true that men become bad when they have money.
Xia Yao would not take it seriously, and he did not want his daughter to be led astray by this princess. He smiled sweetly and said: "Hi, Linda, it's nice to meet you. In order to make your stay in Singapore more comfortable, I ordered the best hotel for you." The suite is on the 26th floor and has a view of the entire bay.¡±
This is the 12th floor, but I was driven far away.
Thinking that he had indeed done a lot of things that were not suitable for children in the past, Prince Matbu became even more embarrassed and said angrily: "Then you go up first, Zhang and I have something to discuss."
Linda, who was afraid of everything. She was dressed in jewels and made up like Marilyn Monroe. She actually stood on tiptoes in front of the children, gave Matt a big kiss on the face, and then said in a cooing voice: "Baby, you have to hurry up, don't make me wait too long."
This man was so lost that Prince Matbu had goosebumps all over his body. He hurriedly pushed her out of the door.
"Xia. FeifeiI'm very sorry. Linda is good at everything, but she is sososo enthusiastic that she is so enthusiastic no matter who is there or what the occasion is."
??
Since they are friends and business partners, although they do not see each other a few times a year and rarely even call, the relationship between the two rich people has always been very good.
There were no polite greetings, no greetings, and no intrigues. We sat down and talked about the Southeast Asian financial crisis that is spreading rapidly and intensifying.
"Indonesia cannot hold on for a few more days. Once the Indonesian government announces that the Indonesian rupiah will float freely, it will inevitably depreciate significantly. The Hong Kong dollar, which now seems to be impregnable, is likely to become the next target of international hot money."
The financial turmoil has not only swept Southeast Asia, but also affected Western countries. Xinsheng Investment is making a lot of money here. Of course, Diamond Capital and nb Bank cannot miss this golden opportunity and use the remaining funds to make a little money in the stock market. Whenever he thinks of wealth flowing into his pocket, His Highness feels particularly happy.
He makes money by throwing it into the laboratory. Compared to his uncles and brothers, his money is far from luxurious consumption. It is only investment. I really don¡¯t know what he makes money for? Are you really trying to steal the ranking of the richest man in Arabia?
Zhang Cheng smiled, looked at the real reclamation site in the distance, and said: "Your Highness, Hong Kong will indeed become the next target. In fact, some speculators have already tried it, but if the main hot money really targets Hong Kong, then we will only If we can stand against them, at least the exchange rate cannot be destroyed by them.¡±
The palm of the hand is flesh, and the back of the hand is also flesh.
Prince Mateb is not only the president of Diamond Capital, but also the third largest shareholder of NB Electric. How could he not know the importance of the Chinese market to the company? After thinking about it, he smiled casually: "Zhang, you can rest assured about this." "Whether it's based on our friendship with Wu or considering the future development of the company, I will respect your and Ding's decision."
"Thanks."
"Thank you for what?" He smiled slyly: "Hong Kong is not Thailand, let alone Indonesia. With so many foreign exchange reserves, even without the help of you and Ding, the exchange rate can still be maintained, but it has to pay a price. Not to mention the exchange rate Besides, isn¡¯t there the stock market?¡±
The Hang Seng Index was speculated so high before the handover, giving international speculative institutions so much room for short selling. Xinsheng Investment, which developed by relying on Hang Seng Index futures, would not miss it. It had done as much as 100% even before the charter was reminded to the Chinese government. Contracts worth tens of billions of Hong Kong dollars. When the Hang Seng Index falls to 10,000 points, the income will exceed 100 billion.
This is not considered adding insult to injury, because Zhang Cheng really wants to do something for Hong Kong.
Looking at Prince Mateb¡¯s half-smiling look, he smiled and said: ¡°Your Highness, don¡¯t you think we should expand the scale of our financial business? For example, take a stake in one or two more powerful banks.¡±
After several years of rapid development, nb Bank has entered a bottleneck. His Royal Highness pondered for a moment and smiled tacitly: "It is indeed necessary, and now is a good opportunity. How about HSBC and Standard Chartered? If they can become the third or even third The second largest shareholder, I think that would be very helpful to Wu.¡±
HSBC has a huge market capitalization and its stock priceIf it doesn't move for a long time, the capitalist industry calls it a "big stupid elephant."
And when the stock price of "Big Stupid Elephant" takes off rapidly, the outside world often regards this as good news, or a signal that the stock market trend can be hot. There is also a buzzword in the investment community called "Christmas Bell, buy HSBC". It is believed that if you buy HSBC on Christmas Eve, you will definitely make a profit.
However, at this critical moment when the entire Southeast Asian economy is in trouble and the UK has not emerged from the shadow of the pound crisis, this "big elephant" may fall down, but it is impossible to fly up. More importantly, it also controls Hang Seng Bank and holds 62.14% of Hang Seng Bank's shares.
Standard Chartered Bank is also one of the note-issuing banks in Hong Kong. It has a wide range of operations and its business volume is second only to HSBC among foreign banks. The parent company, Standard Chartered Group Limited, is listed on the London Stock Exchange and the Hong Kong Stock Exchange. During this period, the stock price was also falling every day.
Wu Jinhua wants to abolish the pegged exchange rate system, but it is impossible without their support. Prince Mateb obviously saw this, so he said that taking shares in HSBC and Standard Chartered would be helpful to him.
He was very happy that he agreed with his idea, and was even a little moved. Because this means that all the gains from the financial crisis will be exchanged for the stocks of the two major banks. Equivalent to the high income of "Diamond Capital" in the United States. Taking shares in HSBC and Standard Chartered not only has low returns but also slow results.
It seems that he knows that he wants to thank you again. Prince Mateb put down the cup, walked to the railing, stretched his arms, and said with a smile: "Zhang, if nothing happens, my wish will come true in a week at the latest. Frankly speaking, I have lost my ambition now. I have been thinking about how to ensure that my assets do not shrink. Holding shares in influential banks is undoubtedly the best investment channel at present, at least it is not as risky as those high-tech companies.¡±
Zhang Cheng was stunned and asked doubtfully: "Your Highness, are you not optimistic about the new economy of the United States?"
"It's not that I'm not optimistic, but I feel that this concept has been overhyped. A company that has suffered continuous losses and has no profits has a market value of hundreds of millions or even billions. Don't you think there is a bubble?"
¡°It¡¯s not that there¡¯s a bubble, it¡¯s that it¡¯s worthless.¡±
"Yes, so I want to find a suitable time to run away from those stocks and transfer all those equity interests."
? ? ? ? ? ? ? ? ?More money. His courage has also become smaller, but it must be admitted that he seems to have an innate sense of crisis. He actually predicted that the booming Internet economy would have problems.
Everything has a trade-off. If it persists for another year or two, "Diamond Capital" can obtain greater profits from the American high-tech companies it controls and holds shares. And if we cash out all of them now, we can get more equity in the two major banks in Hong Kong, and then gain more say in Hong Kong's future economic development.
The stock prices of those Internet companies are rising. After this hurdle is passed, the stock prices of the two major banks in Hong Kong will also rise. The charter weighed it and said categorically: "Since you have this concern, then we will not stop doing it." , simply raise more funds, start operations in London and Hong Kong at the same time, and win Standard Chartered cleanly. "
Standard Chartered's market capitalization is not as large as HSBC's, and it is listed on two different exchanges at the same time. It is not so eye-catching. Prince Mateb suddenly became interested in acquiring the bank of the former suzerain country, and he laughed and said: " It¡¯s a great idea and very interesting.¡±
"That's it?"
"I can't think of any reason not to do it."
"Okay, Mr. Ding will be in charge of the Hong Kong side, and the London side will be handed over to NB Bank. You will be responsible for the follow-up funds. If necessary, you can borrow money from your friends. If it is not enough, you can use the equity of my brother-in-law and my sister in NB Electric. guarantee."
Prince Mateb thought about it, shook his head and said: "If we clear out the equity and stocks of high-tech companies held by 'Diamond Capital' and give up part of the equity of Mohammed Company, I think there will be no need to borrow money from other banks."
"Okay, let's talk about the second thing."
Zhang Cheng nodded slightly, walked to him and pointed to the Strait of Malacca in the distance, and said worriedly: "Your Highness, there are many of our agents, dealers and partners across the Strait, most of them are Chinese. They sell nb It can be said that without their help, nb Electric would not be where it is today.¡±
nb Electric¡¯s power transmission and transformation business was developed by relying on the Southeast Asian market. As the company¡¯s third largest shareholder, Prince Mateb is not ignorant of this.
Just when he was puzzled, Zhang Cheng suddenly said: "This financial crisis will have a huge impact on the Indonesian economy, and based on our understanding of the Indonesian government and Indonesian political situation, they are likely to be in trouble in the domestic economy. When conflicts are transferred, the way they transfer conflicts can be very violent or even bloody., whether as a Chinese, as their long-term partner, or as a participant in this financial crisis, I believe that I have an obligation and responsibility to do something for them, at least to ensure their life safety. "
Prince Mateb understood as if he was enlightened, and asked with a look of disbelief: "Zhang, you mean they will intensify racial conflicts?"
"It's very possible, after all, they have such a criminal record."
"Then what can we do?" Zhang Cheng asked for help in a real sense for the first time, and Matbu didn't want to let him down, both in public and private matters.
"I have asked my colleagues in the Indonesian branch to compile a list of agents and distributors with their home addresses and contact information. I would like to ask you to communicate with the Saudi Embassy and ask the Embassy to provide them with information if necessary. Provide shelter.¡±
That memory is so painful, but nb Electric is just a company, and he is just a mortal. After much deliberation, we can only save as many people as possible in this way. After all, agents and dealers have relatives and friends, and a disaster is imminent. You can use this as an excuse.
Thinking that China was nicknamed the "permanent non-member" and that it would definitely not be able to count on it at the critical moment, Prince Mateb nodded and said very seriously: "Zhang, don't worry, I am also a shareholder of the company, and I will never let them any harm."
"I am convinced of this. The key is that they all have relatives and friends. If a genocide like Bosnia and Herzegovina really occurs, I am afraid that the Saudi embassy alone will not be able to save so many people."
"The financial crisis has just broken out, and we have plenty of time. Kuwait, the United Arab Emirates, Jordan, Qatar the entire Arab League will be on our side. You must know that for the atrocities committed by the Serbs in Bosnia and Herzegovina against the Muslims, they owe us a favor, a favor. A big favor!¡±
Natasha risked her life to report on the atrocities of the Bosnia and Herzegovina genocide, prompting the United Nations and NATO to save a large number of Muslims who were about to be and were at risk of being brutally massacred. It had a great impact on the entire Arab world, especially on religion. The self-proclaimed leader of the Saudi royal family.
It is precisely because of this that the charter came to him instead of his good neighbor Angra who was about to lose in the future election.
"Then please," Zhang Cheng held his hand tightly and continued: "This is the worst case scenario. In order to prevent them from taking risks, I also want the media in Arab countries, including Middle East bnb, to pay more attention in the next two years. At the same time, nb airlines must also prepare to evacuate more people through charter flights from the Saudi and Kuwaiti governments.¡±
"He never joked about something so important.
Prince Mateb realized the seriousness of the problem, because the perpetrator must be a Muslim. He touched his mustache with mixed feelings and asked in a low voice: "Where to retreat?"
"Here, retreat here, I think the Singapore government will not sit idly by and ignore it." (To be continued, please search Piaotian Literature, the novel is better and updated faster! - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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