1982 Started from Hong Kong

Chapter 143: Adding fuel and raising wages
Stud is a kind of wisdom.

——Lu Xun.

Zhai Yuan used all his assets as collateral yesterday, and HSBC also estimated that he had US$900,000 in foreign exchange. When he came again early this morning, the other party was only willing to give him US$700,000.

Let him fully understand this wise saying.

Seven hundred thousand U.S. dollars is now equivalent to seven million Hong Kong dollars, and a secret garden can earn that much in just half a year.

But now such high-quality enterprises cannot exchange for much foreign exchange.

In addition to the scarcity of US dollars, these capitalists are also raising prices and buying up all kinds of assets at low prices.

"Learned another trick."

Under the protection of the Fourth Patriarch of Shaolin, Zhai Yuan withdrew all four million US dollars from HSBC and walked home in fear.

There is only the Fourth Ancestor because Shangguan Yonggan is missing.

After learning that Zhai Yuan had Wang Tuqiang shoot and kill Xie Hushan, he began to feel that the city was full of tricks and ignored Zhai Yuan.

"Is your captain still angry?"

"Brother Brave thinks you are not doing things in an upright manner."

"You're so hypocritical."

Zhai Yuan carried the suitcase and led the Fourth Ancestor into a newly purchased seven-seater pickup truck.

Chen Jiale had been waiting in the car for a long time.

"Brother Yuan, I've asked my journalist friends to spread the news you wrote as much as possible."

As soon as Chen Jiale saw Zhai Yuan, he immediately reported, and said thankfully: "Fortunately, I listened to you and exchanged all the family savings, including my wife's savings, into US dollars, a total of more than 30,000 yuan."

Zhai Yuan was stunned: "When did I ask you to exchange US dollars?"

Chen Jiale exclaimed, puzzled, "Didn't you leak inside information to the reporter, saying that Far East and a number of foreign companies were selling Hong Kong dollars, the market would fall all the way to 20 Hong Kong dollars, the Hong Kong dollar would eventually fall to the point where the gold yuan would be abolished, and the foreigners would only issue pounds and renminbi in the future?"

How come you believed me when I lied to the leeks?
Zhai Yuan held his forehead, not knowing what to say.

As expected, when times are chaotic, the IQ of the leeks will drop to the lowest.

"Did Liang Zhichao also exchange US dollars with you?"

"Yes." Chen Jiale nodded and said, "In addition to changing his own house, he also mobilized the relatives and friends of our two families and persuaded some people to sell their properties and exchange them for US dollars. They will temporarily rent the cage house and buy it back when the house price drops to the bottom in the future."

He is worthy of being my brother Chao.

Zhai Yuan sighed: "In the future, I'd better try not to have any contact with relatives and friends if possible."

The land price in Hong Kong has continued to fall by nearly 50% this month. If you sell your property now, it may be difficult to buy it back later.

"Brother Yuan, will the Hong Kong dollar go back up?"

Chen Jiale was still a bit smart and saw the clue from Zhai Yuan's reaction.
"I don't know, but I believe the Hong Kong government will not allow a city in one of the four Asian tigers to become as chaotic as it is now, with people rushing to the streets to buy rice and stockpile food."

Zhai Yuan said this because he knew that Hong Kong would still be prosperous for a long time, but for ordinary citizens who did not have a God's perspective, who knows whether the talks above would fail and a beachhead landing would be carried out tomorrow.

So even Chen Jiale, who was a close friend of his, only believed it halfway when he heard him say such a simple and easy-to-understand truth.

It was also because Peng Jiayan refused to lend money no matter what, thinking that he was jumping into a fire pit.

Due to historical reasons, more than 90% of Hong Kong citizens never care about culture and politics, and only care about their own wallets.

Or it can be seen as a kind of mentality that they lack identity and can only compensate themselves through economic means.

"Believe it or not, you should continue to contact those journalist friends and spread rumors that international hot money is about to enter the market and reap the rewards."

While Zhai Yuan continued to add fuel to the market and increase salaries, he said to Chen Jiale, "Then help me contact all those who want to exchange Hong Kong dollars for US dollars. I will buy the Hong Kong dollars they have at a price 20% lower than the bank exchange rate. I will take as many as I can."

It is 10% lower than the bank exchange rate, that is, if you exchange 1 Hong Kong dollars for 12 US dollar in the bank, you have to pay Hong Kong dollars to get it here at Zhai Yuan.

Zhai Yuan was not worried that no one would exchange with him at this price. After all, the leeks would always sell at the most inopportune time. The bank exchanged a lot but could not take out the money. With me, you only need to pay Hong Kong dollars and get US dollars immediately. Who would be like Zhai Yuan and open a US dollar account at HSBC?

"……clear."

Chen Jiale spoke hesitantly. He didn't believe that the Hong Kong dollar would go back up, but when he saw the suitcase at Zhai Yuan's feet, his mentality began to waver again.

He hesitated for a moment, as if hoping that Zhai Yuan could give him confidence, and asked through gritted teeth: "Then I will also exchange my 30,000 US dollars back?"

Zhai Yuan hummed, then solemnly reminded, "You can change, but don't touch the stock market."

He went to the stock exchange today, and everyone there seemed to be in danger.

But Zhai Yuan didn't have a search engine in his mind. He only knew that the Hong Kong dollar would rise again soon after this wave of decline, but he had no idea whether it would take a month, half a year, or until the negotiations were over next year before it stabilized.

Theoretically, if he invested 4 million U.S. dollars in the stock market and opened a five-fold futures leverage, he could make a fortune in one wave.

But in practice, if he makes a little profit from this money, he will be immediately targeted by mysterious people, and people will keep forcing him to close his positions until he can no longer pay the margin and his position is liquidated.

Without a super mercenary system, you still want to make tens of billions in the stock market? Do you want money or life?
I want a companion... Why did I think of this sentence?

Zhai Yuan shook his head to get rid of the messy thoughts, and said to Chen Jiale: "Also notify the female employees of Secret Garden to bring up the news that the Hong Kong dollar will continue to fall when they chat with the guests, and by the way, tell the guests that I am using US dollars to buy back Hong Kong dollars."

It’s too simple to explain it in detail: I have a friend, a best friend, and my parents all exchanged money with a man named Zhai Yuan.

"By the way, let the people outside know that my car is parked in front of the Kwun Tong Divisional Police Station, giving away the information that there are police officers standing by for me. Also, I only wait four hours a day, and no one will be allowed after the deadline."

You have to use hunger marketing. The more high-profile you show, the more leeks will flock to you, fearing that they will miss out on time to get in and make money.

These are all the bitter experiences that Zhai Yuan gained in the stock and cryptocurrency circles in his previous life.

…………

Lung Chang Bank is a Chinese bank founded in the 1940s.

At that time, Hong Kong was known for having "more banks than rice shops", and loan sharks could get a license to set up a XX bank.

With such a mixed development, the banking industry has naturally experienced countless ups and downs and reshuffles and eliminations.

The reason why Longchang Bank has survived to this day is that its founder Ji Shanjian has great connections among many Chinese-funded commercial banks and has remained standing even after experiencing many bank squeezes.

But in September of this year, Ji Shanjian felt that his bank was about to collapse.

"Brother Zan, it only takes one million dollars. If you give me one million dollars, I will definitely be able to get through this difficult time!"

"Boss Wu, don't listen to what others say. Longchang still has plenty of foreign exchange reserves. Why would you be afraid of a squeeze? Just wait for the dividends~"

"Ajie, what about my two properties in Central? They can only be sold for three million US dollars. You're robbing my mother!"

Ji Shanjian sat in his office, listening to the faint noise coming from the citizens outside. The man in his sixties had sweat on his forehead and his hand holding the telephone receiver was trembling slightly.

Not only U.S. dollars but all other foreign currencies were looted from Longchang Bank.

Now, the outside is still full of citizens holding deposit certificates and cash to exchange for foreign currency. Even with the police maintaining order, they still cannot stop the spread of anger.

His phone kept ringing all day long. Shareholders and creditors came to him to accuse him, but no one was willing to pay to help him.

"Boss, we can't stand it anymore! The citizens outside have already clashed with the police. I'm afraid they will rush into the bank soon. You should take a car and leave through the back door first!"

Longchang's manager rushed into the office, glanced outside with fear, and reminded Ji Shanjian in an urgent tone.

"You can't leave! Longchang has always been about trust. It's not time for it to go bankrupt yet."

Ji Shanjian stood up, his Tang suit already soaked with sweat.

He hesitated for a moment, then dialed the previous number again: "Ajie, help me sell those two properties, and also my villa in Mid-Levels. Ask for the price. If the price is right, help me sell it as well. I accept US dollars, British pounds, and Japanese yen. In short, get the money to the bank as soon as possible to save the situation."

After hanging up the phone, Ji Shanjian straightened his slightly hunched waist, brushed the hem of his Tang suit, and looked calm and composed.

As he walked out, he told the manager: "Come on, follow me outside to appease the customers and tell them that as long as the Longchang sign remains, their money will be safe."

(End of this chapter)