Chapter 208 Hong Kong businessmen beat the British government

Originally, Major was the Minister of the Exchequer in Thatcher's cabinet before he became Prime Minister. Moreover, Major worked at Standard Chartered Bank when he was young. He had always been engaged in finance-related jobs before he became a government official. Moreover, Major was also an associate member of the British Bankers Association. His understanding of the economic situation is not weaker than the current Secretary of the Exchequer. He believes that the economies of developed regions such as Europe, America, Japan and other developed regions are in a recession period, and the general trend is irreversible. The only thing Major did not see is that the United States will implement a "new economy" from April 1992, which will cause the US economy to continue to grow for more than 120 months, far exceeding the average 50-month period of continuous growth of the US economy after the war. The new economy also has a certain positive impact on Europe, but the initiative is in the hands of the United States.

Major had a complicated expression. He knew that if he did not compromise with the consortiums in Hong Kong, then Changlong Company would definitely go far away from the British market. Then the economic situation in the UK would undoubtedly continue to deteriorate until people could not stand themselves and would even directly cause this cabinet to collapse early.

In the cabinet conference room, many people looked at Major, and many eyes were burning, forcing Major to express their opinions quickly. Major hesitated for a moment, finally sighed and pressed his finger on the table, announcing his decision: "Wei Yixin will be re-elected as governor of Hong Kong until July 1, 1997!"

The cabinet passed the vote and quickly passed Major's resolution because many people in the cabinet had already received "political donations" from Changlong Company. Everyone breathed a sigh of relief because in this way their "political donations" could be secure.

On the same day, Reuters reported that the British Major Cabinet re-election by allowing the current Hong Kong Governor Wei Yixin to re-election until July 1, 2017. Reuters said that this was the result of a exchange of political and economic chips. The exchange of Hong Kong Governor for 30 billion pounds of investment cannot be predicted whether it is cost-effective, but it will undoubtedly have a stimulus effect on the recession of the British economy in the short term.

Then, the delegation of Hong Kong Changlong Company began to make moves, investing 10 billion pounds in multiple industries in the UK, mainly financial services and manufacturing industries. By acquiring or participating in a recession company, revitalizing a large number of companies, reducing the unemployed population in the UK by as much as 250,000. Li Ka-shing, chairman of Changlong Company, claimed that the remaining 20 billion pounds will be completely invested in the UK within three years. Moreover, the remaining 20 billion pounds were converted into US$40 billion in US$40 billion in the UK Standard Chartered Bank branch. This was what Zhang Bixuan asked. In September, Soros blocked the British pound, which would depreciate the British currency in a large amount of money and consolidate the status of the US dollar as a world currency. In fact, Soros blocked the economies of many countries like a killer. If the United States did not secretly disclose a lot of accurate internal information to it, it would not have been possible for him to succeed repeatedly.

The news came back to Hong Kong, which instantly made the whole Hong Kong excited, and the whole Hong Kong spontaneously held a celebratory parade.

For more than a century since Hong Kong became a British colony, Hong Kong people have almost never been able to resist the decisions in British politics. Now, Hong Kong businessmen have finally compromised the British government with their strong economic strength.

"Congratulations to Wei Yixin for being re-elected as governor of Hong Kong!", "Wei Yixin, good!", "Long live the Hong Kong economy! Long live Hong Kong businessmen! Praise Changlong Company!"...

In the Hong Kong Governor's Office, several people stood on the large balcony. Among them, Zhang Bixuan and Wei Yixin were both there.

The first time outside the Governor's Office was a celebration parade, rather than a previous protest demonstration.

"Congratulations, Old Man Wei, you can not only be re-elected as governor. Look at the crowd outside the Governor's Office cheering for you, it can be seen that you are now deeply admired!" Zhang Bixuan said with a smile.

Wei Yixin's eyes flashed with tears of excitement and said with emotion: "Zhang! Thank you! If you weren't for the actions of you, the lovely Hong Kong businessmen, I must have left the politics, and maybe I would have been forced to be sincere in an ordinary British company employee, earn some meager salary and spend the rest of my life."

"Haha, if you are really dismissed by the British government, I hope you will come to our Longteng Company to work. Alas, let me be honest! If you can't make it in British politics after 1997, I'd rather let you become the president of a listed company." Zhang Bixuan said to him.

In fact, the advertising effect of Wei Yixin, the magical governor, has now reached a point where he surpasses first-class international stars. If Wei Yixin is allowed to be the president of a company, the popularity of the company will immediately increase, and the intangible assets added to the company will be difficult to estimate.

Starting the next day, the Hong Kong stock market continued to surge, showing the confidence of Hong Kong people and many financial institutions in Hong Kong's future economy.

The current Hong Kong stock market has escaped regional restrictions. In addition to the majority of local companies in Hong Kong, many companies in Japan, South Korea, and Southeast Asia are also proud to be listed on the Hong Kong stock market.

Currently, the market value of Hong Kong stock market has reached HK$30 trillion, and the Hang Seng Index has exceeded 50,000 points in one fell swoop. This has increased by 25 times in five years since the Hong Kong stock market crash in 1987! Due to the continuous decline of the Japanese stock market, the Hong Kong stock market has replaced the Tokyo Stock Exchange and become the second largest stock trading market in the world, with a market value of only second to the New York stock market in the United States.

In fact, the expansion of the market value of the Hong Kong Stock Exchange is not caused by the sharp abnormal rise in the prices of many stocks, but because the Longteng Group companies are listed in the Hong Kong stock market one after another. According to statistics, in April 1992, more than 150 of the many subsidiaries of the Longteng Group were listed in Hong Kong, accounting for 20% of the total market value of the Hong Kong stock market. The price-to-earnings ratio of the Longteng Group listed companies is around 15%, which can be said to be of excellent quality.

Moreover, the latest standards in the Hong Kong stock market are simply strict on the conditions for listing foreign companies. They require companies to have a return on net assets of more than 20% for three consecutive years, and require foreign companies to pay dividends after listing in Hong Kong. That's it. Many foreign companies are rushing to go public in Hong Kong when they see the unprecedented prosperity of Hong Kong's finance. Many financial institutions have also begun to transfer their Asian headquarters to Hong Kong.

The Hong Kong dollar's status in Southeast Asia, Japan and other places has gradually improved, becoming the second second largest foreign exchange after the US dollar. Since 1991, Hong Kong's currency has moved to the entire Asia and created a "Hong Kong dollar zone". If it weren't for the fact that the Hong Kong dollar was pegged to the US dollar, Hong Kong would now almost exploit many Asian countries by issuing currencies.
Chapter completed!