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Chapter 432 Hong Kong Dollar Storm

Yang Wenyuan said excitedly at the luxurious interior of the car: "Johnson & Johnson, your small car is good. I will buy one when I get the money. Then you have to give your brother an idea!"

People want to improve their lives when they have money. It is absolutely a very cool thing for second generations like Yang Wenyuan to be able to ride bicycles for most of their peers to drive a sedan!

Lin Qiangsheng smiled and said, "Don't wait for the money to get it. In two days, I will transfer a Ruizhi to let you drive it. That car is a mid-to-high-end car, better than this one. Now Passat has become an official car!"

Yang Wenyuan said embarrassedly: "How can brother use your car in vain? I will give you a lot of money when the money comes!"

Lin Qiang-Chengsheng smiled and nodded and said, "Okay, let's do it! If you get tired of driving, come to me to change it. I'll guarantee you can drive all the cars. This is OK!"

Yang Wenyuan laughed and said, "Then the relationship is good, thank you Brother Lin!"

Lin Johnson asked: "What are your plans in the future? Go back to Bincheng or stay in Beijing?"

Yang Wenyuan shook his head and sighed, "I only realized how far the family has developed after going out. The tall buildings make people feel smaller. When I return to China, I feel like I have grown taller!"

He looked at Lin Johnson and whispered: "To be honest, many people don't want to come back! You can eat anything outside as long as you have money. We are so far behind when compared at home and abroad!"

Lin Johnson also admitted that Hong Kong is incomparable to China. Young people like Yang Wenyuan cannot be guaranteed to be tempted and made hasty decisions.

Lin Qiangsheng was indifferent, whether to go or stay was their own choice. He was not responsible for bringing people back by taking them out. They were not children!

"Everyone has his own luck whenever you want. Maybe these people can make a few monetary people in the future!" Lin Johnson said with a smile.

Yang Wenyuan frowned for a while, and finally he shook his head and said, "Junior generation is just staying outside. I can't be so casual. If I stay outside, the old man must break my legs!"

Lin Johnson said, "Then you stay in the capital. It just so happens that I need someone to go around in the capital. I don't need Brother Yang to go to work or something. We work together. If you have any questions, just report me a letter and think about me!"

Yang Wenyuan was happy first and then frowned and said, "It's not good to be so close to my old man!"

"What are you afraid of? There are so many people jumping up and down in Beijing. Now Dongxing can't find a real person in charge if you want to approve a piece of land! Brother Yang came to Beijing and helped me pay attention. What do you want to do, Dongxing will help you. You just need to send me a letter at critical moments!"

"Okay, brother, I'll stay in the capital for a while to see the environment of this place!" Yang Wenyuan thought for a moment and nodded. This time he went to Hong Kong to see the prosperous scenery there, which made him feel boring when he returned to Bincheng.

Lin Qiangsheng arranged these people to the Friendship Hotel. Yang Wenyuan and everyone expressed their gratitude to Lin Qiangsheng and invited Lin Qiangsheng to have a meal together.

Lin Johnson asked Yang Wenyuan and others: "What do you feel when you go to Hong Kong to trade foreign exchange this time? Have you made money?"

"That's it!" Yang Wenyuan said with his chest straight. He glanced at the people on the table and gestured to Lin Johnson in a whisper, saying, "I have earned this number, and the buddies here are all the same. Now they are all small wealthy people!"

Everyone talked excitedly for a while. Some people were deliberately avoiding Lin Qiangsheng at the dinner table and looked up at him. These people were swept out of the house in Dongxing before, and they still had some opinions on him no matter what.

Lin Qiangsheng didn't care about other people's opinions. He stared at Yang Wenyuan's two fingers that gestured, and asked, "Twenty thousand?"

Yang Wenyuan raised two fingers and looked at Lin Qiangsheng with contempt, then thought that Lin Qiangsheng must have more money than him. He said with a straight look: "It's 200,000, brother, I made 200,000!"

"Hiss! How come you have this number? Brother Yang, you only took out 8,000 yuan!" Lin Johnson asked in surprise.

200,000 is a lot of money in this era, and its purchasing power is 10 times that of decades, equal to 2 million!

Yang Wenyuan looked at Lin Johnson's surprised expression and felt a little satisfied. He chuckled and said, "Your subordinate, Miss Shi Cuishan, is really unspeakable. She is a powerful person! Brother really envies you. You have found a good subordinate!"

"What do you mean?" Lin Johnson asked with a smile.

"Ms. Shi borrowed money from banks and private money houses, which increased our principal by about 10 times. In this sharp drop in Hong Kong dollars, our money increased many times. That's why we made this money! My brother sent it. We went out and didn't go too!" Yang Wenyuan said with a little excited laugh.

Lin Johnson smiled and said, "You dare to invest and seize this opportunity. This is what you should earn!"

A young man of 25 or 26 asked Lim Johnson softly: "Mr. Lin, no one will cause trouble for us after we have earned so much money, right? Can the Hong Kong and British government agree?"

His words also made everyone present stop laughing, and many people showed a look of worry on their faces.

"Xiaoshan, what are you talking about! We have seen people speculating in foreign exchange in Hong Kong, and not only our Hong Kong and British government can find us? Don't think about it yourself or talk nonsense!" Yang Wenyuan said fiercely.

Lin Johnson said: "You don't have to worry this time. The biggest root of hype of Hong Kong dollars this time is actually those British-funded forces. The British think that they can't protect Hong Kong, so they have to withdraw their investment from Hong Kong, maliciously causing the Hong Kong economy to decline!"

Yang Wenyuan also asked: "Then why did the Hong Kong and British government later retain the Hong Kong dollar and set a fixed exchange rate?"

Everyone felt it was reasonable, but they all felt that foreigners could not be so kind. Going out to see the capital market once made Yang Wenyuan and others have some capital concepts.

Lin Johnson said: "The British found that the Hong Kong dollar was in danger of collapse, and that the Hong Kong economy really collapsed was not good for them. So later they realized that to preserve everyone's money and status, they must ensure the Hong Kong economy. Foreigners know how to maintain stability are beneficial to everyone!"

Yang Wenyuan thought for a moment and said, "Ms. Streisan said that the Hong Kong stock market is now the lowest point, so let us keep our money at the bottom of the stock market. She said that the Hang Seng Index will rebound, and the Hong Kong stock market will definitely rise. Our money has been invested by Ms. Streisan. Do you think it is guaranteed to be guaranteed? Give us a clear letter!"

Everyone looked at Lin Qiang-Chengsheng nervously. Now everyone has returned empty-handedly. Although they have made so much money in the early stage, they are still the same number. Now everyone wants to know if the money can be returned to their hands!

Lin Qiangsheng said to everyone: "I think everyone will guarantee that not only will the money be given to you, but the profits this time will definitely not be less than you!"

Streisan has reported to him these situations, including the actions of Yang Wenyuan and others after they arrived in Hong Kong, as well as the investment of Hong Kong dollars. Lin Johnson discussed a rough discussion with Streisan and handed it over to professionals to analyze and operate according to the plan. It is absolutely wrong to follow the development in history. Lin Johnson also believes that his little bee will not affect the overall situation!

The Hong Kong economy has been unstable in the past two years, and the real estate industry is overheating. The British government in Hong Kong intends to suppress it. In addition, the real estate prices have experienced a cliff-like price drop due to Sino-British negotiations. The prices of key real estate projects in many key areas instantly fell to half or even one-fifth!

There were already a large number of illegal loans between real estate companies and banks. In the case of a crisis in real estate and exchange rates, the entire market was turbulent, and even the prophecy of the Hong Kong economy was about to collapse!

Even when the economic crisis broke out, it was a time when many speculators were making waves. Dongxing Company was also involved, and they were just an inconspicuous small force!

There are many private banks and foreign banks in Hong Kong, and many private financial institutions and underground banks. During the economic crisis, the large amount of Hong Kong dollars they hold is constantly depreciating. Of course, these institutions cannot bear such huge losses!

Speculators such as Streisand took advantage of this opportunity to lend a large amount of Hong Kong dollars from private banks, foreign banks and private money banks.

Originally, Hong Kong dollars were used to exchange the US dollar for floating interest rates, but at the beginning of the year it was about five yuan for Hong Kong dollars. Some speculative institutions such as Streisand and abroad loaned a large amount of low-interest Hong Kong dollars and then continued to use exchange rates lower than the market price to exchange the US dollar. This caused the US dollar price to continue to rise, and finally triggered a wave of panic selling of Hong Kong dollars in the market.

Sellers holding a large amount of Hong Kong dollars during the Hong Kong dollar plummeted were already hungry. As long as there were merchants who bought Hong Kong dollars in the market, someone would sell them. Soon the market deteriorated further and eventually formed an unstoppable trend of the decline in the Hong Kong dollar! The people also lost their minds and exchanged the Hong Kong dollar into the US dollar as soon as possible without thinking, fearing that the money they earned hard would instantly turn into flowing water!

At this time, Streisan and others exchanged US dollars to buy more Hong Kong dollars, and many commercial institutions and brokers in the market were doing this. In the end, everyone sold the US dollar to 88 Hong Kong dollars for 1 US dollar, 96 Hong Kong dollars for 1 US dollar, and even exceeded this price on the black market!

The Hong Kong and British governments found that the Hong Kong dollar crisis was at risk of a complete collapse of Hong Kong's economy. Doing so would not do them any benefit and would also bear political risks. In order to curb the chaos in the exchange rate market, the Hong Kong and British government officially ended the Hong Kong free floating exchange rate system on October 17, 1983 and implemented a link exchange rate system that is linked to the US dollar. The Hong Kong-linked exchange rate system belongs to the fixed exchange rate system. Under the link exchange rate system, the Hong Kong dollar is at a rate of 780 Hong Kong dollars to 1 US dollar.

In this way, investment institutions such as Streisan exchanged the US dollar at a fixed exchange rate in Hong Kong dollars, and thus made a large amount of profits from the price difference! (To be continued.)
Chapter completed!
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