Hong Kong Film Intelligence King

Chapter 332 Setting Off Towards Becoming a Banyan Tree

"Wonderful!"

Everyone clapped and praised.

Apple focused his mind and said:
"So, the Governor is under a lot of pressure."

“Simon amplified this pressure from behind the scenes.”

"Does this mean the Governor will definitely beg us to save HSBC?"

"There's only one question now: should we bail out HSBC or not?"

"By the way, there's another question..."

"Is HSBC worth our bailout?"

Wang Dao explained:
"HSBC certainly deserves our help."

"As a century-old bank, HSBC has a very extensive business in Hong Kong. I guess that even if Shen Daban and the HSBC board of directors misappropriated public funds, they only misappropriated money from the fund pool."

He briefly explained the fund pool to everyone, and then said,

"There is no need for you to worry about HSBC's reputation being damaged."

"An economic crisis is unthinkable in my hometown, but to us Hong Kong people, it happens every ten years, so it's no big deal."

"As long as HSBC can survive, people will still deposit money."

"There's really no need to worry about that."

"I value HSBC, and there's another one..."

"It has a considerable presence in its hometown."

"As far as I know, even now, HSBC has as many as twelve offices in its hometown."

Wang Dao got excited as he spoke.
"Our roots are in our hometown, and our future is in our hometown."

"Hong Kong had a golden decade of development."

"However, the golden period of development in my hometown will last at least fifty years!"

hiss!
Everyone gasped.

Fifty years?
Han Binren was dumbfounded:
"Brother Dao, are you sure you didn't say something wrong?"

Wang Dao shook his head:
"That's right!"

"Everyone, Hong Kong is able to have a golden decade of development in the future because we have absorbed the output from our hometown."

"The ocean embraces all rivers, and streams become rivers and seas."

"They have come together to form our Hong Kong."

“Once the policies in my hometown change and the country opens its doors, the benefits of being open to all cultures will be gone.”

Apple immediately grasped the essence of Wang Dao's words:
"So, in ten years, the national policy in my hometown will change?"

The Way of Kings is straightforward:
"The policies in my hometown are changing, but we're still figuring things out as we go, and nothing is finalized yet."

"This is a huge advantage for us."

"We can start making arrangements in our hometown as soon as possible."

“There is a very direct problem with setting up a business in our hometown.”

“Hong Kong is now under the jurisdiction of Chongqing. Even though we are connected to our hometown, money transfers between us are still considered cross-border transfers.”

"And international money transfers have ridiculously high fees!"

Young Kun asked curiously:

How high are the transaction fees?

Wang Dao shrugged:

"Ten percent to twenty percent."

Everyone was shocked:

"so much?"

Wang Dao sighed softly:

"Yes, that's not all, there's something even more terrifying."

The group looked at each other, completely bewildered as to what could be more terrifying.

Wang Dao explained:
"After the collapse of the Bretton Woods system, the petrodollar policy was established in the first few years, which ultimately solidified the dollar's hegemonic position in the capital world."

"This means that in international trade, the exchange rate is basically converted in US dollars."

"The US can see how much capital we're transferring from Hong Kong back to our homeland."

"It's not possible to do without your own bank."

"If HSBC is acquired, it will be very beneficial to our future plans."

He suddenly sensed something was wrong, and when he looked up, he saw everyone staring at him in disbelief.

The Way of the King does not understand the Way:
"What's wrong with my posture?"

Apple raised her hand, just like a primary school student in class:

"Brother Dao, what are the Bretton Woods system and the petrodollar?"

“I don’t understand!”

Apple blushed slightly.

She only focuses on computers and doesn't really understand these things.

It's not really her fault.

The languages ​​of the Anssa people are really difficult to learn, and the average person is semi-literate.

Even if you master 10,000 words, you can only understand books or articles in your own field.

Otherwise, you could switch to reading a different subject...

Sorry, you can only guess!

This is not as good as my hometown, where even if you only know three thousand commonly used characters, you can basically read most books.

Even those difficult books, you can understand 98% of them.

The rest is just a matter of slowly grinding it down.

Handsome Kun helps Apple out of a tight spot:

"Sister-in-law, you're too kind. We don't understand."

Everyone nodded in unison.

Snapped!
Wang Dao gently patted his forehead and said sincerely:

"Gentlemen, you are all rich people, after all."

"You don't need to be an expert in these things, but you do need to understand them!"

"How about we sign up for a class sometime?"

Liang Kun rolled his eyes:
"Ah Dao, you're kidding me."

"Who here hasn't signed up for a class yet?"

Wang Dao pointed to himself:
"I!"

At this, everyone rolled their eyes.

Wang Dao sighed:

"Okay, then I'll talk about these two concepts."

He explained the Bretton Woods system and the petrodollar.

Everyone's eyes were straightened.

Apple's incredulous statement:
"Brother Dao, your knowledge base is even better than that of a university professor, isn't it?"

It was the early 1980s, and not many people really knew how powerful the petrodollar was.

Energy is the lifeline.

Petroleum is the most widely used energy source.

Because of the petrodollar policy, the United States can use US dollars to plunder the capitalist world.

They couldn't plunder the other side of the diode because of the Iron Curtain.

"So, they don't need to worry about the trade deficit anymore?"

Apple found it increasingly unbelievable as she listened.

Liang Kun clicked his tongue in amazement:
"Isn't this just making something out of nothing?"

"The Ugly country really knows how to play dirty; they actually came up with such a brilliant method."

"Green paper can be used to harvest the capitalist world."

Are people from other countries blind?

Wang Dao shrugged:

"Perhaps a third country in the capitalist world has seen through this matter."

"However, in the world of capitalism, the United States is undoubtedly a superpower."

"Only it has the capability to deploy its army anywhere."

"The world of capital follows one direction..."

That's the law of the jungle!

"The Ugly country has the biggest fist, so what if others disagree?"

"Would they dare to disobey?"

Handsome Kun marveled:

"If the United States had been as smart as the United States back then, perhaps it wouldn't have disintegrated."

Chen Guozhong glanced at Han Bin and said bluntly:
“Those elder uncles have been making a fuss about Binney.”

"They don't even have a little bit of magnanimity."

"If Binny is going to take over, Hetu really won't disband."

Han Bin smiled wryly:
"Back then, I might have longed for the position of leader of Hetu, but now... what is that?"

"No matter how big a mule is, it's still a mule."

"Where can you make money honestly?!"

Everyone nodded.

Wang Dao sighed:

"Forget it, why bother telling you this?"

"I'll write a novel for you guys later."

Everyone was extremely puzzled:

"novel?"

Wang Dao countered with a question:
"If I don't write a novel for you to read, how can you possibly get into those technical tomes?"

Everyone shook their heads.

Forget it, studying is too hard.

It's mentally taxing and also taxing on students.

This is especially true for those who pay money to learn.

Every day at mealtime, I have to eat an extra bowl of rice.

Studying is not an easy task; it's equivalent to a moderately physically demanding job.

They couldn't handle reading such thick books.

Kingly Way Claps:
"How about I write you a fun book instead? After you finish reading it, find the mistakes in it, and you'll naturally grasp the relevant concepts."

Chen Guozhong looked at everyone and asked:
"We have no problem with studying."

"The problem lies with you..."

Are you sure you have time to write a book right now?

Everyone nodded.

Bozi sighed:
"I used to envy rich people. I thought they either played golf or stayed in high-end hotels. They seemed to live such a carefree life..."

"I only realized how much money I had when I became rich. They weren't going to have fun at all; even when they went to hotels, they were there to work!"

These words resonated with many.

Wang Dao laughed and said:

"Life and work are integrated; this is the life of the rich."

"However, time is like a sponge; you can always squeeze some out."

"Writing a novel, how much time could it take me?"

Handsome Kun laughed:

"Alright, I'll be looking forward to reading your masterpiece."

Wang Dao nodded with a smile:
"Okay!"

The novel that Wang Dao thought of was "Currency Wars," a bestseller that was extremely famous when he traveled through time.

Putting aside the errors, the storytelling techniques used are commendable.

This book is a lot of fun to read as an introductory book.

He searched his memory and realized that the first book was only 200,000 words long.

It's simple, it can be solved in less than a month!

Wang Dao was in a great mood:

"Binny invited us to dinner, and I happen to have something to tell you all." Everyone asked in surprise:

"whats the matter?"

Wang Dao said solemnly:
"After acquiring HSBC, our group should be fully formed."

"Then the next step is to invest in my hometown."

"My idea is to leverage the supermarkets in Hong Kong to develop the factories we want to support."

Everyone else was unconvinced, but Han Bin's mouth dropped open:

"Wait, Brother Dao..."

"You mean to say that the tens of thousands of products in the supermarket have to be manufactured in our hometown?"

Wang Dao nodded:
"Yes!"

Everyone was confused.

Han Bin smiled wryly:
"You're not kidding, are you?"

"Can our hometown supply it?"

Wang Dao said earnestly:
"My hometown reinstated the college entrance examination a long time ago, and the first batch of college students who graduated after the exam should have graduated by now."

"Given the population size of my hometown, it won't take more than ten years for us to surpass Hong Kong in science and technology talent."

With such a large pool of talent, what wouldn't be difficult to achieve?

"My hometown has no shortage of talent or equipment, but it lacks only one thing—funding!"

"And that's exactly what we excel at!"

Han Bin immediately felt a little better:
"Really?"

Wang Dao sighed:

"Is this still false?"

"There's another advantage to having the factory in my hometown..."

"The production costs are low in our hometown, which makes it easier for us to engage in price wars."

"Quickly seize the market."

Liang Kun asked a question:
"Ah Dao, Hong Kong's market is ultimately too small. Isn't it a bit of an exaggeration to build a thousand businesses in a market of five million?"

Wang Dao shrugged:

"exaggerate?"

"I don't think it's an exaggeration."

"Hong Kong is just a training ground for us."

Everyone was stunned when he said those words.

Han Bin exclaimed:
"Is Hong Kong a place to practice?"

Wang Dao nodded:
"Correct!"

"Hong Kong is just a place to practice."

"Our market is the entire world of capital."

"As long as it can withstand the test of the Hong Kong market, there will be no problem exporting it to other countries."

"Hong Kong is a free port, so it's not bad for us to handle transshipment."

The crowd looked at each other, somewhat hesitant.

Van asked:
"Can you build a factory in your hometown without connections?"

Wang Dao laughed and said:

"Don't worry, everyone. We've already established connections back home."

"Basically, no one will cause trouble."

“For example, my subordinate Ah Bao has considerable connections back in his hometown.”

"My new secretary, Xu Zhengyang, is also from my hometown."

"His relationships are even more unfathomable."

"You'll feel it when you go back to your hometown in the future."

When Wang Dao said this, everyone felt relieved.

When it comes to serious matters, Wang Dao never tells lies.

Chen Guozhong was the first to express his opinion:
"I don't know anything about business."

"But I fully support Ado's opinion."

Handsome Kun laughed:

“Ado is knowledgeable and has a long-term vision; listening to him is the right thing to do.”

Han Bin laughed and said:

"I'm not much of a decent person in my life, but Brother Dao definitely is one."

"I unconditionally support his decision."

The four women had no objections whatsoever.

Although they are career-oriented women, to be honest, women's status is not as high as men's these days.

In particular, their men are all successful people.

Even the coolest guy, Van, is obedient in this regard.

Wang Dao raised his wine glass and gave a loud toast:
"May our company grow towards the great banyan tree in our hearts!"

Everyone responded in unison.

After the serious time, it's time for casual conversation.

Even casual conversations are still work in essence.

Han Bin was very curious about Wang Dao's next negotiations with the Governor's Mansion:

"We've figured out their strategy, what's next?"

"Should we just agree to their request?"

Wang Dao shook his head:
"That's impossible!"

Han Bin asked in bewilderment:
"Isn't the goal to quell the bank run as soon as possible?"

"I've heard that some small banks are going out of business."

Le Huizhen said:
“That’s true. My former colleague at TVB Jade told me that most of the smaller banks are going out of business.”

"Small banks naturally have to promise higher interest rates than large banks if they want to attract deposits."

“When they lend money, the interest rates are naturally higher than those of big banks.”

"Both going in and going out are risky."

"Even without this bank run, these small banks were at high risk of going bankrupt."

"Moreover, the economic situation has been very bad in recent years."

Lok Wai-chun is right. Since 76, inflation in Hong Kong has actually been on the rise.

The capital flight from Chongqing has still impacted Hong Kong's economy.

In reality, Hong Kong, a tiny island, is easily influenced by its surroundings.

To be precise, they are easily influenced by the political situation in their hometown.

Once the political situation in his hometown stabilizes, Hong Kong's economy will take off.

This is true in East Asia as well.

It's just that Hong Kong is the most obvious example.

"Several of those small banks have been shut down."

"If this continues, it won't be long before those big banks can't hold on either."

Han Bin mocked:
"Isn't HSBC just unable to hold on?"

"If HSBC goes bankrupt, that would be a real mess."

"Standard Chartered shouldn't expect to have an easy time either."

"That's why the Dude wanted you to save HSBC as soon as possible."

"What are you going to do?"

Should we just agree to his request?

Lam Kwan waved his hand:
Why should we just agree to their request?

"What good will this do us?"

Han Binqi said:

"If we drag this out for too long... won't an economic crisis break out?"

Liang Kun sneered:
"They should be the ones in a hurry. As for us, HSBC is optional."

"Right, Ado?"

Wang Dao smiled and nodded:

"Kun is right."

Liang Kun claps his hands:
"I knew from the time I was selling fish balls that buyers weren't in a hurry, but sellers were!"

"It's a complete seller's market now; they're more anxious than we are."

"So, if they want us to save HSBC, do they think they can do it without offering enough benefits?"

“Even our gang members have to give our younger brother enough money for tea and transportation.”

"Otherwise, your younger brother won't give you a job."

Wang Dao quipped:
"Brother Kun, you're slandering me!"

Liang Kun rolled his eyes:
“I wasn’t talking about my younger brother.”

Wang Dao laughed heartily.

Chen Guozhong nodded:

"The words are rough but the reasoning is not rough."

"Ado, what are your conditions?"

Wang Dao chuckled and said:

"If you want me to save HSBC, you must give me enough benefits."

"for example……"

"Let me check the ledgers!"

"Send certain people to jail!"

Everyone was a little confused.

Bozi exclaimed in surprise:

"Ah Dao, are all those people foreigners?"

"Can you get them in?"

"Foreigners have always been protective of their own."

Wang Dao laughed and said:

"Of course I know they're protecting their own, otherwise, the three ICAC commissioners wouldn't have committed suicide."

"It's even less likely that Shen Daban can 'escape' so easily."

"This time is different."

The Way of the King is straightforward and honest.
“As long as the Governor doesn’t want an economic crisis, he can only rely on us now.”

Van asked:
"Foreigners aren't good enough?"

Wang Dao mocked:
"Foreigners don't have a tradition of selflessness."

"If HSBC goes under, they won't care."

Van didn't understand:

"Didn't you just say that the Governor was afraid the scandal would spread?"

Wang Dao nodded:
"Yes!"

Van frowned and said:

"How could I be so confused?"

Wang Dao explained:
"The governor is just a government official, so of course he has to consider the face of the government in Chongqing."

"But what business does this Fog City Trading Company have?"

Van was dumbfounded:
"Are the big businessmen in Chongqing really this arrogant?"

Wang Dao laughed and said:

"We believe that the common people should not fight against the officials."

"But in the Western world, the rich are the center of the world."

“The wealthy can completely disregard the government; on the contrary, the government should carefully consider the thoughts of the wealthy merchants.”

"Besides, our acquisition of Hutchison Whampoa has already scared off the Hong Kong trading companies. They would love for us to be weakened."

Van was even more confused:
"Brother Dao, if we acquire HSBC, wouldn't that further expand our influence?"

The Way of the King is gentle and mild:
"Sister-in-law, acquiring HSBC might not necessarily increase our strength in other people's eyes!"

(End of this chapter)