Break out of the courtyard

Chapter 556 Hong Kong Dollar Crisis

"I just got the news that the Bank of China paid out 7.6 million magnesium yuan yesterday and is expected to pay out 15 billion magnesium yuan today. All of this is money from the Peace Group's account!"

"How much magnesium did the Peace Group exchange at Huifeng Bank?"

Shen Bi, chairman of Huifeng Bank, who was sitting in the corner of the conference room, replied somewhat helplessly: "As of yesterday, 9 million magnesium yuan has been paid out."

The Magnesian Peter stared at Shen Bi, the Eagle, and asked, "Didn't they use Magnesium Dollars to exchange for Hong Kong Dollars at the beginning of the month? Why did they only pay out such a small amount of funds?"

Shen Bi glanced at the magnesium guy and did not respond to his idea at all.

In the minds of the proud American people, the American people are synonymous with gangsters, thieves, and exiles.

Besides, Shen Bi is the president of Huifeng Bank. How could he be an extra-staff intelligence officer of the United States?

However, Shen Bi did not answer, but the director of the Finance Department who was attending the meeting helped him explain, "Mr. Peter, Huifeng Bank and Standard Chartered Bank have their tasks. If you hadn't asked to reduce the magnesium deposits of Peace Group, Peace Group might not even be able to pay out 1 million magnesium dollars!"

"NO! It's too little!" The magnesium guy Pete protested loudly: "If we want to force the Peace Group to hand over the Internet security technology they have, we must cut off their magnesium reserves."

"If you don't dare to freeze the Peace Group's account, then convert all their magnesium dollars into Hong Kong dollars!"

...

"Mr. Zhang is here!"

As soon as Zhang Heping walked downstairs to a tea restaurant in Mong Kok, someone upstairs cheered.

Then, more than a dozen people ran out of the Ronghua Tea Restaurant, surrounded him excitedly, and rushed to shake hands with Zhang Heping.

"Mr. Zhang, I heard that Peace Group is using the magnesium dollars in its account to stabilize the Hong Kong dollar exchange rate. That's really noble!"

"Mr. Zhang, you have exchanged so many Hong Kong dollars. Do you have any new investment plans? Are you interested in investing in our Delong Machinery?"

"Mr. Zhang, my family is in trouble. Can I mortgage the factory to you for only 600 million magnesium yuan?"

"Mr. Zhang..."

Facing this group of men and women, Zhang Heping suddenly felt a little regretful that he should have brought more bodyguards when he went out.

Despite the efforts of a driver and a bodyguard to stop him, Zhang Heping stood at the door of the restaurant with a calm smile and did not respond.

Fortunately, many people from the Chinese Chamber of Commerce had already come to the tea restaurant upstairs, and soon someone came down to rescue Zhang Heping.

"Those who want to run away, get out of the way!" The chairman of Guo's Real Estate unceremoniously pushed aside several small bosses who were blocking his way. "We invited Mr. Zhang here to discuss how to stabilize the Hong Kong dollar exchange rate, not to pay you to run away!"

A female secretary explained, "I'm sorry, Mr. Zhang. Chairman He and his team are still on their way. Please go upstairs and have some tea. They will be here soon."

Zhang Heping nodded, walked through the crowd and went straight to the third floor.

...

Capital, a certain conference room.

"The latest news from the Bank of China Hong Kong Island Branch is that the leader went to the headquarters of the Bank of China Hong Kong Island Branch this morning and did not object to using the magnesium dollars in the Peace Group's account to stabilize the Hong Kong dollar exchange rate. As of this afternoon, the Peace Group is expected to redeem 22 billion magnesium dollars in exchange for at least 187 billion Hong Kong dollars!"

"In addition, the leader revealed this morning that Huifeng Bank and Standard Chartered Bank secretly issued at least 6000 billion Hong Kong dollars, which is seriously inconsistent with the actual issuance of 3382 billion Hong Kong dollars!"

"Finally, Chen Shuting, chairman of the Peace Group, expressed her willingness to keep all the Hong Kong dollars exchanged this time in the Bank of China to support the Bank of China in obtaining the right to issue Hong Kong dollars and thereby supervise the issuance of Hong Kong dollars!"

As the old man presiding over the meeting finished speaking, the men and women sitting around the conference table became restless.

"This is a conspiracy by the Eagle Country guys! They said during the last negotiation that without them, Hong Kong's economy would collapse! It must be the Eagle Country guys behind this!"

"Don't worry if it's the Eagles behind this. As long as we want to take back Hong Kong Island, we will encounter this kind of thing sooner or later. The most urgent task is to think about how to solve the run on the magnesium dollar in Hong Kong Island!"

“We cannot let the credit of the Hong Kong dollar collapse! This is not only related to the livelihood of the people of Hong Kong Island, but also to our import and export trade! If we lose Hong Kong Island as a transit point, the consequences will be disastrous!”

"The Chinese have already launched anti-dumping measures against our exported computers, with additional taxes 50% higher than those on Japanese computers! If we lose Hong Kong's international credibility, Japanese computers will become the only dominant market!"

"We must deal with the Hong Kong dollar exchange rate issue before the Autumn Canton Fair next month. Otherwise, this year's exports..."

"The problem now is that even if the Peace Group is willing to use the 98 billion dollars in their account to stabilize the Hong Kong dollar exchange rate, they can only stabilize 6000 to billion Hong Kong dollars, which is less than one-seventh of the billion Hong Kong dollars. We can't just watch, we have to consider supporting some foreign exchange."

“Do we need to stabilize one-fifth of the Hong Kong dollar to quell this run on the magnesium dollar?”

"If it is the Eagles who are behind this, even if we stabilize half of the Hong Kong dollars, we won't be able to calm this down. We must intervene in this matter head-on, urge the Hong Kong government to stabilize the Hong Kong dollar exchange rate, investigate the issuance of Hong Kong dollars, and then let the Bank of China Hong Kong Island Branch take over the issuance rights of Hong Kong dollars!"

At this time, a guard rushed in, "Report, the latest news from Hong Kong Island!"

After the old man presiding over the meeting opened the top-secret envelope, he let out a light exclamation and passed the letter to the person on his left.

"The Hong Kong government just held a press conference, claiming that it has used 23 billion British Pounds to stabilize the Hong Kong dollar exchange rate!"

...

"Although our negotiations with the mainland have not been smooth, the negotiations are not over yet. We will continue to work hard to maintain communication with the mainland to ensure the safety of the assets of Hong Kong businessmen and will never allow the mainland to nationalize your companies, factories, and private assets!"

Snapped!

Zhang Heping smashed a teacup accurately onto the big-butt color TV screen in the tea restaurant.

Snapped!

Chairman He slammed the table, stood up and said to everyone, "Damn Eagle Country guys! They are adding fuel to the fire! Don't listen to the Eagle Country guys' nonsense!"

"Hello!" Zhang Heping picked up his mobile phone and suddenly spoke in Japanese, "I want to use all the real estate and land of Huayingxiong Corporation as collateral. Please ask the six major banks in Japan how much magnesium dollars I can borrow!"

“Use it to buy Hong Kong dollars and stabilize the Hong Kong dollar exchange rate!”

"I'll wait for your news tonight!"

Zhang Heping hung up the phone, glanced at the quiet people in the restaurant, and said calmly: "I, Zhang Heping, bet my entire fortune to buy Hong Kong dollars!"

"If you want to run away, go back and sell your assets as soon as possible, and then go to the Bank of China to exchange for magnesium dollars!"

"Those who want to stand together with Hong Kong Island should stay and continue to discuss ways to stabilize the Hong Kong dollar exchange rate!"

"Mr. Zhang is so kind!" President He stood up and said, "The business under the Peace Group has always only been charged at magnesium dollars. It is the one with the lowest risk factor among our many companies."

"At this time when the credit of the Hong Kong dollar is endangered, Mr. Zhang has no hesitation in betting his entire fortune on buying Hong Kong dollars. What should we worry about? My Ho family swears to live and die with the Hong Kong dollar!"

"Mr. Zhang, how much magnesium do you plan to put out to stabilize the Hong Kong dollar?"

"President He, Mr. Zhang, your family is big and has overseas assets. Our family is small and we can't afford to gamble!"

"I heard that the Peace Group owns a lot of real estate and land in Ri Island!"

Faced with questions, inquiries and temptations from a group of businessmen, Zhang Heping did not make any further comments.

Just now, the Financial Secretary of Hong Kong Island spoke on TV. He first said that 23 billion British Pounds were used to stabilize the Hong Kong dollar exchange rate. Then he changed his words and said that the Hong Kong dollar exchange rate fluctuates with the market and the possibility of further decline cannot be ruled out. He hopes that the people of Hong Kong Island will look at the exchange rate fluctuations rationally.

Is this even human language?

As the spokesperson for the Hong Kong government, this hawkish guy did not tell lies to boost public morale, but instead gave a "realistic" explanation here.

Finally, he even dared to say such and such about the mainland...

As for Zhang Heping, he did have a gambling element!

However, his call to Miss Suzuki in Japan was not a sudden whim.

Ever since Miss Suzuki brought Congressman Aso here, Zhang Heping has been thinking about the issue of capital withdrawal from Japan.

Apart from the three small buildings occupied by Huayingxiong Corporation and the Sanai Building next door, Zhang Heping began to acquire real estate and land in Ridao in August 1979. By the end of 8, he had invested approximately 1982 billion magnesium yuan.

As Japan's economy recovers, real estate and land in eastern Japan have risen in value. The valuation of real estate and land under Huayingxiong Co., Ltd. has more than tripled, and total assets are close to 3 billion US dollars.

He wanted to test Japan's six major banks, as well as other foreign banks.

If, this time, we can get a mortgage loan from them under the pretext of stabilizing the Hong Kong dollar exchange rate.

Then, three years later, he could take out another mortgage and then withdraw his funds from Japan by borrowing from the Japanese stock market!

So, he was waiting, waiting for the reaction of the Hisashima Suzuki family!

As for the other people in the tea restaurant, they are just a group of capitalists.

Das Kapital analyzes them so thoroughly, but don’t be fooled by the illusion they present!

"The president of Bank of China is here!"

...

Sun Island, Eastern Capital.

"Father, I'm confused. Why would Mr. Zhang use a mortgage loan to buy Hong Kong dollars at this time? According to our intelligence, the Peace Group has always used magnesium dollars for settlement, even for salary payments!"

The former mayor Suzuki looked at his third son-in-law who remained silent and asked calmly, "Which bank does he keep his money in?"

Miss Suzuki frowned and said, "It was Huifeng Bank before. Recently, I heard that the Peace Group has an additional 100 billion magnesium yuan in its account at the Bank of China!"

Former Mayor Suzuki asked in a guiding tone: "Then here comes the question! Why didn't Mr. Zhang apply for a mortgage loan from Huifeng Bank's Ridao Branch?"

"Broken relationship? Not likely!" Miss Suzuki asked herself and answered, "Intelligence from Hong Kong Island shows that Peace Group sent a financial team to Huifeng Bank at the beginning of the month, presumably to exchange currency!"

"Exchange! Hong Kong dollars are running against magnesium dollars..."

"Could it be that the Heping Group started exchanging Hong Kong dollars at the beginning of the month?" Miss Suzuki thought of this and found it hard to believe. Zhang Heping might be the culprit of the Hong Kong dollar run on the magnesium dollar!

The former Mayor Suzuki snorted coldly, "Don't forget, that Zhang-san has a special relationship with the Eagle people! After the information technology security exchange meeting, the Magnesium people wanted to repeat the same trick and impose sanctions on the Peace Group, but the Eagle people did not agree!"

"Do you still want to sanction the Peace Group?" Miss Suzuki asked doubtfully, "Didn't they get the information on the hard drive? Why..."

Former Mayor Suzuki withdrew his gaze from the respectful Congressman Aso, looked at his third daughter, frowned and said, "Perhaps you forgot that the intelligence we received earlier showed that there were 12 computers in Mr. Zhang's study."

"The hard drive data obtained this time contained information about the IT security exchange meeting, the nuclear power plant construction bidding meeting, and some game software. There was no other useful information."

Miss Suzuki asked doubtfully, "Isn't there still 500 megabytes of data that can't be cracked?"

Former Mayor Suzuki sneered, "Do you know how many 1G hard drives are usually equipped in the computers of Japanese telecommunications engineers?"

...

The party in Ronghua Tea Restaurant is still going on, and the members of the Chinese Chamber of Commerce are currently divided into three factions.

One group, led by Zhang Heping and Chairman He, advocated working together to stabilize the Hong Kong dollar exchange rate.

One group consists of small and medium-sized bosses who want to preserve their family businesses and stay in the restaurant, hoping that a big boss will take over their business.

The last group is not fence-sitters, but speculative investors led by the Li family, who are trying their best to lower prices to acquire companies, factories, and even real estate from small and medium-sized bosses.

"Mr. Chen is here!"

Following a scream from downstairs, Chen Shuting entered the restaurant on the third floor with two female bodyguards and four male bodyguards.

Chen Shuting sat down next to Zhang Heping and said softly, "The total is 74.7 billion Hong Kong dollars. The people from Bank of China are still handing it over at Huifeng!"

"74.7 billion, plus our bank's 191.7 billion, Peace Group has exchanged 266.4 billion Hong Kong dollars!" The president of Bank of China Hong Kong Island Branch stood up excitedly and said to everyone present: "Everyone, as of today, Peace Group has exchanged 266.4 billion Hong Kong dollars! Mr. Zhang is not afraid of such a large amount of funds, what else are you afraid of?"

"President Ye, can your Bank of China still exchange magnesium yuan tomorrow?" The people from the family protection faction immediately became concerned about the Bank of China's magnesium yuan reserves and implicitly tested the Zhang family's financial situation.

President Ye of the Bank of China Hong Kong Island Branch glanced at Zhang Heping and Chen Shuting, and seeing Chen Shuting nod with a smile, he confidently responded, "Yes!"

Jingle Bell!

President He, who was sitting at the same table, wanted to say something when the mobile phone in front of Zhang Heping rang.

Then, everyone heard Zhang Heping speaking Japanese again.

After a while, Zhang Heping hung up the phone, stood up and said to everyone: "Starting tomorrow, all the branches of the six major banks in Japan can exchange Hong Kong dollars for magnesium dollars and Japanese yen. The exchange rate will be based on Huifeng Bank!"

After Zhang Heping finished speaking, he walked to the side of President Ye, stretched out his hand and shook the other's right hand. Zhang Heping said seriously: "President Ye, the next thing is up to you to go to the Hong Kong government for public relations!"

Zhang Heping retracted his hand, looked at President He and the others and said with a smile: "Everyone, it's late, go home and rest early, staying up late is not good for your health!"

After saying this, Zhang Heping left the restaurant with his concubine Chen Shuting.

"This..." Someone stood up in confusion. It was not until Zhang Heping's bodyguards left that he asked incredulously, "What Mr. Zhang just said is that the six major banks in Japan will help us stabilize the Hong Kong dollar exchange rate?"

"If the six major banks in Japan really accept Hong Kong dollars in exchange for magnesium dollars tomorrow, can we mortgage our assets to them and lend them magnesium dollars?"

Zhang Heping never thought of buying the assets of those small and medium-sized bosses at low prices. He felt it was too cumbersome and was too lazy to send anyone to do it.

On the way back, Chen Shuting was also asking, "Husband, should we use Hong Kong dollars to buy some properties and land in Hong Kong Island at a low price?"

"No need!" Zhang Heping smiled calmly, "Real estate is not easy to cash out, just keep the money and keep an eye on the Hong Kong stock market!"

...

The next morning, the sky was clear.

Without any news publicity, the tellers of the Hong Kong Island branches of Japan's six major banks quietly started the business of exchanging Hong Kong dollars for magnesium dollars or Japanese yen.

The Japanese did not ask Huayingxiong Co., Ltd. to mortgage its real estate or land, but only invited Zhang Heping to attend an Internet technology seminar at Touto University in Japan.

In this regard, Zhang Heping had already agreed last night and was just waiting for Miss Suzuki's notification next month!

Bank of China, Standard Chartered Bank and the six major banks in Japan are all quietly accepting Hong Kong dollars and exchanging them for magnesium dollars, British pound sterling and Japanese yen. Only Bank of China and other Chinese banks are really worried about the collapse of the Hong Kong dollar.

On September 9, the exchange rate of Hong Kong dollar to magnesium dollar hit a new low, with 24 Hong Kong dollar equal to 1 magnesium dollars!

On the same day, a special operations team from the mainland entered Hong Kong Island and began negotiations with the Hong Kong government!

At this point, the Hong Kong dollar exchange rate began to pull back...

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