They are all reborn, and the grandson is still a spare tire

Chapter 775: Covering others’ eyes

Chapter 775: Covering others’ eyes

The head of the Public Relations Department of the Hong Kong Monetary Authority quickly introduced the situation and then announced the opening of questions.

As soon as he finished speaking, many media reporters at the scene quickly raised their arms, scrambling one by one.

The director of the public relations department scanned the scene, then pointed to a female reporter in her thirties and gave her the first opportunity to ask questions.

The next moment, a staff member from the Hong Kong Monetary Authority walked over and handed the microphone to the female reporter.

After getting the microphone, the female reporter immediately started asking questions.

"Good afternoon, Yao Sheng, Director Zeng, and Mr. Ren. I am a reporter from the TVB Financial Channel. I am very happy to get the first opportunity to ask questions."

"I would like to ask Mr. Yao, why did you think of buying a large amount of gold from South Africa? Do you want to build a large gold reserve on Hong Kong Island?"

"Since the Hong Kong Monetary Authority and Jiuye Investment Group jointly purchased gold, how much do you each share?"

"Where did the funds used by the Hong Kong Monetary Authority to purchase gold come from? Is it taxes paid by taxpayers, or does it come from other sources?"

Yao Yuan couldn't help but chuckle when he heard that the first question was directed at him.

He turned to look at Director Zeng and Mr. Ren, smiled and nodded at them before stepping forward.

Walk up to the podium and prepare to answer questions.

Following his movements, the cameras and camera lenses of all media reporters on the scene were focused on him and they pressed the shutter quickly!

In an instant, the camera shutter clicked.

Yao Yuan looked at the female reporter, then glanced at everyone present, then smiled and clasped his fists and said:

"According to our tradition, the first lunar month is New Year. Now that the New Year is here, on behalf of myself and Jiuye Investment Group, I would like to wish everyone a happy New Year!"

"Through the media where all our journalist friends work, we would also like to wish all Hong Kong citizens a happy New Year. We wish you all prosperity, success, and happiness for your family in the new year."

As he spoke, he bowed his hands to the many media reporters present.

Seeing this scene, the media reporters were all stunned for a moment, and they were all a little surprised!

Immediately afterwards, they returned the gift with their hands and greeted the New Year politely.

"Happy Chinese New Year, Yao Sheng, may you get rich!"

"Happy New Year, Yao Sheng, I wish you great success and great wealth in the new year."

With their actions, the scene suddenly became more lively and the atmosphere became more harmonious.

After greeting each other for the New Year, Yao Yuan got down to business.

He looked at the female reporter who asked the question, smiled and said loudly:

"Let me answer this journalist friend's question. The reason why I propose to jointly acquire a large amount of gold is based on my judgment based on my own needs and the current financial market conditions."

“First of all, let’s talk about our own needs of Jiuye Investment Group. I believe everyone knows that our group’s futures investment company is also doing gold futures.”

"This is why we purchase spot gold. When we hold a certain amount of spot gold, we can advance, attack, retreat, and defend in the futures market, and we will be more calm!"

His explanation was reasonable and could not raise any questions.

Many media reporters at the scene nodded in unison and continued to listen.

Looking at Yao Yuan again, he is still talking.

"Let's talk about the financial market situation. The current international financial market is constantly falling and falling. The situation is very bad. For the purpose of maintaining and increasing value, we invest heavily in gold."

"The Hong Kong Monetary Authority purchases a large amount of gold for the purpose of maintaining, increasing, and investing in value. Of course, no matter how much gold is stored in the Hong Kong Monetary Authority, it can be regarded as gold reserves to a certain extent."

"According to the agreement we signed with the Hong Kong Monetary Authority, both parties will account for 50% of all the gold we jointly purchase. The half of the gold belonging to our group will also be stored in the Treasury of the Hong Kong Monetary Authority."

“The funds used by the HKMA to purchase gold all come from the HKMA’s investment income in Jiuye Investment Group, not from grants or taxes!”

"All investment income earned by our group comes from the international financial market. In other words, the Hong Kong Monetary Authority's large-scale purchase of gold will not draw blood from the Hong Kong Island economy."

Here, he deliberately downplayed the establishment of gold reserves and said it in one word.

Moreover, the half of the gold belonging to Jiuye Investment Group is said to be an investment for futures business and the need to maintain and increase value.

In fact, that gold will become part of Hong Kong Island's gold reserves in the future and will not be sold at all. It will just be listed under the name of Jiuye Investment Group!

The reason for doing this is entirely to confuse the US government and the Federal Reserve!

You know, it is definitely not a trivial matter for an economy like Hong Kong Island to establish high gold reserves!

What's more, the Hong Kong dollar is very closely linked to the US dollar, and it is a US dollar voucher!

If the Federal Reserve is allowed to figure out Yao Yuan's true intentions, it is likely to stop him or even use various underhanded tactics to sabotage him!

Considering this, this matter can only be operated secretly and secretly under the guise of investment!

On this point, Yao Yuan consulted several leaders far away in Beijing, and they all reached a consensus with Mr. Ren of the Monetary Authority and the Chief Executive.

Only a few people know the real situation!

As soon as he finished speaking, the media reporters in front raised their arms in unison.

The person who got the opportunity to ask questions this time was a ghost reporter.

After getting the microphone, the guy immediately asked:

"Good afternoon, Mr. Yao, I am a reporter from the Wall Street Journal. I am very happy to have the opportunity to interview you."

"I have a few questions and I hope you can answer them."

"First question, as we all know, your judgment on the trends of the international financial market is very accurate, and you are called the god of investment by countless people!"

"Jiuye Investment Group suddenly made a large purchase of gold. Can we think that the price of gold will rise rapidly soon?"

"Second question, it is said that you have just purchased one billion U.S. dollars of U.S. debt and will continue to buy five billion U.S. dollars of U.S. debt. What are your considerations?"

"Third question, there are rumors on Wall Street that your group is about to cooperate with Bear Stearns. Can you introduce the relevant situation?"

Yao Yuan looked at the ghost guy and nodded to him.

After pretending to think for a while, he began to answer.

"Good afternoon, my journalist friend, it seems that you are very well prepared. You asked three questions in one breath, so I will answer them one by one!"

"First of all, let's talk about purchasing large amounts of gold. This is an ordinary business behavior. It can be seen as a defensive move we make in the face of the ever-changing financial market!"

"Furthermore, our acquisition of US$5 billion in U.S. debt can be seen as a sound investment and fulfills the relevant agreements we signed with the United States."

"As for the cooperation between our group and Bear Stearns, it is still in the contact stage. There is no substantive content. There is nothing to say!"

"Bear Stearns is a top investment bank on Wall Street with business scope all over the world. It is normal to cooperate with them. We will also contact and cooperate with other top investment banks."

When answering these questions, a smile flashed quickly in his eyes, and it was fleeting!

As of now, I am afraid that few people in the world can think of it and will not believe it.

Bear Stearns, the fifth largest investment bank on Wall Street, will collapse like an avalanche in less than a month!

Wait until a month later, everyone will understand.

Bear Stearns collapsed, and the biggest beneficiary turned out to be Jiuye Investment Group!

Only then will some smart guys wake up and see how brilliant Yao Yuan's actions are now!

It is a pity that they did not have this foresight and woke up too late!

No matter how fast they react, they can only grab a sip of broth and have no chance to serve it!

Next, Yao Yuan answered a few more questions.

Then he took the initiative to end the questions and pushed Mr. Ren and Director Zeng of the Hong Kong Monetary Authority to the front desk to allow them to be interviewed by reporters.

Mr. Ren and Director Zeng had already rehearsed and had in-depth communication with Yao Yuan, so they were naturally able to handle these media reporters with ease!

The press conference lasted until 12:30 noon, and then came to an end.

Almost at the same time that the press conference ended, the armored convoy carrying the twenty tons of gold also arrived in front of the Hong Kong Monetary Authority building!

Seeing the arrival of the escort convoy, many media reporters immediately rushed out and rushed to take pictures of the arrival of the escort convoy!

At this moment, Li Shan suddenly came closer and whispered to Yao Yuan:

"Mr. Yao, Li Zekai just called and said that his father wants to invite you to his home and wants to ask you for advice on something."

"Mr. Li's treat is at the Li family's mansion on Barker Road. You are the only guest. It is up to you to decide whether to bring a female companion."

Yao Yuan was stunned for a moment, then smiled and nodded.

"I know, since it's Mr. Li who invited me, I can't refuse."

"I'll call Li Zekai later to confirm the time for the banquet."