Rebirth of the Financial Overlord

Pound to mark, 2.7749.

Pound to dollar, 1.9250.

Robin Leigh Pemberton looked at the blood-red screen of Reuters, and the muscles in the corners of his eyes were beating wildly and irregularly.

In just ten minutes, large-scale sell-offs occurred in Asian markets, London markets, and US markets. As these funds were continuously impacted by the spot market and futures market, the value of the British pound fell by more than 5%.

And the one billion pounds invested by the Bank of England to buy is like sand sprinkled in the ocean, without causing even a wave.

This is a very dangerous sign. If the pound cannot be pulled back to the floating lower track of the exchange rate mechanism in a short period of time, according to the rules of the exchange rate mechanism, the pound will be farted out of the European common economy.

Lausman. How much money do we have?

Only four billion are left.

Damn it. Call Kang Dingsou right away and ask him what he's doing. Why hasn't there been any movement?

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Hong Kong, Financial Secretary.

An emergency meeting of the highest standard is being held.

The current financial secretary, Raymon Harry Anning, sits at the top, and the two front seats on his left and right sides are Huo Dou, deputy director of the financial department, Murray MacLehose, director of the State Administration of Foreign Exchange, and director of the Banking Supervision Department. William Deborah and David Clive Wilson.

Sitting next to the five people were some Chinese officials from the Finance Department and the heads of departments such as the Administration of Foreign Exchange.

Secretary Yan. I don't agree with your opinion. According to the regulations of the Banking Industry and the Administration of Foreign Exchange, the Hong Kong dollar is pegged to the U.S. dollar. The Hong Kong Monetary Authority has no obligation to buy British pounds, nor can it buy British pounds. Once the British pound depreciates beyond our expectations, This could severely impact Hong Kong's economy and even trigger a systemic financial crisis.

I agree with Mr. Luo's opinion. The stable exchange rate of the Hong Kong dollar is a prerequisite for the Hong Kong Monetary Authority to insist on the issuance of equivalent U.S. dollars. If the Hong Kong government buys British pounds and causes an imbalance between the stock of U.S. dollars and the issued Hong Kong dollar, we may not be able to guarantee the safety of the Hong Kong dollar.

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Listening to the rebuttals of the Chinese executives and consultants present, Yan Liguo, Raymon Harry Anning, couldn't help raising his eyebrows.

Ro. Can you pour me a cup of coffee?

Pour coffee?

Luo Jiaren, who was sitting on the fourth seat on the right, couldn't help being stunned for a moment. Yan Liguo's request was endless, and he was still asking for coffee no matter what time it was.

But then, his face flushed, a kind of spiritual and soulful humiliation, making his eyes fire and stare.

Before coming to Hong Kong, Raymon Harry Anning served as Deputy Secretary of the Northern Ireland Office, mainly responsible for economic research, and then returned to London to work directly in MI5. After coming to Hong Kong, he first served as the head of the Housing Department, and then he was transferred to the Financial Secretary.

A stable exchange rate is one of the prerequisites for economic development.

With a background in finance, as the Financial Secretary, it is impossible for Raymon Harry Anning not to understand this truth, but he never mentioned the consequences of using the US dollar reserves of the Monetary Authority to buy British pounds, and he did not even mention the consequences of using the US dollar reserves of the Monetary Authority to buy British pounds. How should Hong Kong deal with the crisis?

humiliation.

This is simply a naked insult and contempt!

Although, Yan Liguo's tone sounded very gentlemanly and polite.

But with the calm expression on his face and the ease of raising his eyebrows, he didn't feel that this matter would cause serious consequences at all.

As a native of Hong Kong, Luo Jiaren immediately became angry.

Secretary Yan, don't you know what this might mean? Once we buy a large amount of pounds and lose money, it will cause a large loss of dollars, which may cause Hong Kong dollar security issues,

us?

It's none of our business.

Yan Liguo glanced at Luo Jiaren like an idiot, his eyes full of sarcasm.

Rom, what do I want to do, do I still have to listen to your arrangements? Listen, this means London, and also the meaning of the Governor of Hong Kong. Now, go and pour me a cup of coffee. Immediately!

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As if being slapped hard on the face, Luo Jiaren's face turned blue and red, and even the muscles at the corners of his mouth twitched for a long time.

He is a professor of economics, but he is treated like a hotel boy by others.

But Luo Jiaren couldn't say a word.

Up to now, he still can't understand, these British guys have never thought about the consequences of a crisis in the Hong Kong dollar.

No wonder the people from the Chief Secretary would also come over, no wonder these guys didn't feel anxious at all, and they didn't really intend to listen to their suggestions.

It is meaningless to say more, since it is the meaning of London, even the governor's order has come, and it is impossible to change it.

Angrily glanced at the several British people headed by Yan Liguo, Luo Jiaren showed unabashed sarcasm and ridicule on his face.

Then this matter, shouldn't the public be informed? According to Mr. Governor's proposal, the public has the right to know the truth.

Two years ago, under the reform of the Chief Secretary, the Legislative Council passed the Hong Kong Bill of Rights, and a month ago, Hong Kong Governor Kang Dingsou also published his first policy address during his tenure.

The report mentioned the political reform plan, saying that the electoral system of the Legislative Council will be reformed soon. In addition to separation of the two councils, all appointed seats will be abolished, and nine functional group seats will be added.

According to all the bills, Hong Kong residents naturally have the right to know about such a big matter.

But how can such a person let those lowly untouchables know.

Snapped--

Seeing the mocking look on Luo Jiaren's face, Raymon Harry Anning slapped the table hard.

Luo. Do you know what you are talking about? You are also a professor of finance. You should understand the transmission mechanism. If the pound falls, the economic transmission mechanism will probably spread the crisis to Hong Kong. This is not The problem of a country or region is the economic security of the whole world, so is there anything wrong with me doing this?

fuck your ass.

As a professor of economics and finance, Luo Jiaren is very clear that Yan Liguo's words are simply changing concepts secretly.

The transmission mechanism is correct, but in fact, with the spread of the European financial crisis, capital has been flowing into the Asian market, and Hong Kong has also benefited from it.

Yan Liguo said this because he was afraid of being caught by him and used it to exaggerate the facts to create a means of changing concepts to confuse the public.

But what's the point of rebutting?

Taking a mocking look at Yan Liguo, Luo Jiaren pointed out the recently implemented bill.

I also proposed according to the bill, what's wrong?

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That's not the way to slap your face.

Immediately, Yan Liguo widened his eyes from embarrassment.

Asshole. Don't think I don't know what you're thinking. Now, you're fired. Listen, you're fired. Get the hell out of here.

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fired?

Luo Jiaren laughed at himself.

When the Hong Kong Bill of Rights was passed by the Legislative Council, he thought that Hong Kong people would no longer be oppressed and exploited as before. Everything the Brits built had no purpose at all.

Fortunately, he took the lead in approving these bills at that time.

About human rights, democracy, and suffrage, Quan Te Niang is a lie. Facts have proved that in the entire land, the ceiling of Hong Kong people is not even as high as the beams of a thatched house.

Fire me?

Taking a mocking glance at the furious Yan Liguo, Luo Jiaren stood up and straightened his clothes.

Masters from abroad. Goodbye. But I believe that one day I will come back and continue to work, but you, I am afraid that you will be laid off in a few years. I hope that by then, you will be able to find a good job.

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Damn bastard!

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Who else objects?

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Luo Jiaren had already left, Yan Liguo took a hard look at all the Chinese present.

No one answered.

Their faces were lowered, and no one could see their expressions, whether they were annoyed, ashamed, indifferent or secretly resentful.

But none of that matters anymore.

At least, to Yan Liguo, it was not important.

His term of office is about to end in one year, no matter what happens, as long as he is transferred, he can return to China and be conferred a baron by the Queen, Hong Kong is none of his business.

The important thing is that now we can help the country share some pressure.