The Industrial Giant Reborn.

Chapter 439 Others are afraid of my huge profits

"I think so too. Judging from Chen Zhiwen's worth and all the current overseas resources, there may be conditions that the Hong Kong government can give him, such as some cheap land, tax incentives, etc., but these are nothing to Chen Zhiwen. , it’s better if you have it, it doesn’t matter if you don’t have it, Chen Zhiwen is willing to spend such a large sum of US dollars to exchange for Hong Kong dollars, it must be because the matter itself is profitable, otherwise he will definitely not do it.” Li Jiacheng analyzed: "What can reassure Chen Zhiwen is that the exchange rate will stabilize. With the current situation of the Hong Kong government, this is impossible. The only thing that can be done is for the mainland and the UK to work together to solve the problem of the Hong Kong dollar exchange rate first."

"That makes sense." Zhuang Yueming nodded and said, "What can we do from this?"

"I still have a batch of Canadian dollars in Canada. Many people in Hong Kong will immigrate to Canada. We can use this last opportunity to exchange them for Hong Kong dollars. After the exchange rate stabilizes, we can then exchange them back to Canadian dollars." Li Jiacheng was confident. said.

"That's okay. We can make some profit, but will it affect our projects in Canada?" Zhuang Yueming asked.

"No, the Vancouver project is backed by the Canadian Imperial Bank. Besides, our funds are not gone, they are just converted into Hong Kong dollars. I guess the Hong Kong government will take action soon. There is such a thing as an exchange rate crisis. , the later the rescue is, the worse the effect will be. Now that Chen Zhiwen is asked to come forward, he probably wants to slow down the trend. I guess the Hong Kong Governor should contact the British side. If there is a real problem with the Hong Kong dollar and Hong Kong's economy is ruined, then the mainland will definitely not Let the British go." Li Jiacheng analyzed.

"Then we have to decide quickly!" Zhuang Yueming said.

"Well, it's still night in Canada now. Let's wait until tonight. I'll arrange for people over there to transfer the funds back first." Li Jiacheng nodded and said.

……

Chen Zhiwen's reverse operation has also allowed a very small number of people to analyze something from it, but seeing it is one thing, and whether they dare to take the risk to participate in it is another matter. Now those who predict that the Hong Kong real estate market will recover in the future There are more, but few people dare to invest heavily in real estate. On the other hand, few people have enough US dollars in their hands.

However, for several people in the Taishan Club and Chen Tianshou, they were reminded by Chen Zhiwen before. Before the Hong Kong dollar exchange rate crisis, everyone exchanged a large amount of Hong Kong dollars in their hands. Now that the exchange rate has plummeted, they can make a profit in just a few months. doubled.

Malay tycoon Robert Kuok is even more special. He is an overseas and has a large amount of US dollars in his hands. He was planning to invest in the Hong Kong real estate market before, but he waited after listening to Chen Zhiwen's suggestion. Now, not only has the Hong Kong dollar exchange rate plummeted, but those with land People who own property and want to immigrate are selling their assets at cabbage prices. Robert Kuok's acquisition cost may have dropped by more than half compared to before.

And Hutchison Whampoa is also doing this. As one of the largest consortiums in Hong Kong, Hutchison Whampoa will not be satisfied with the land that the Hong Kong government failed to auction. Naturally, the more other properties, the better, especially the properties on Hong Kong Island. That is the type that Chen Zhiwen has designated to never consider winning directly.

At the same time, Hisense Bank also started exchanges, and people from all parties blocked the door on three floors inside and three outside. Fortunately, Huo Jianning had predicted it and commissioned a large number of police officers from the nearby police station to come to maintain order.

Throughout the Taishan Club, Hisense and Hutchison Whampoa, owned by Chen Zhiwen, acted as the leaders and main players, with several others as assistants. Together they poured US dollars into the Hong Kong market in exchange for Hong Kong dollars that many people did not want.However, even if Hisense and Huang have prepared more than US$10 billion in funds, it is still not enough for people in Hong Kong who want to immigrate.

"What, the exchange ratio for more than 11 US dollars is 1:[-]? Why don't you grab it?" A middle-aged man with middle-parted hair roared in the VIP room of Hisense Bank's Admiralty Branch.

A staff member of Hisense Bank explained with a very polite professional smile: "Sir, this is a VIP room. There is no need to queue like people outside, and there is no upper limit on the amount that can be redeemed, so the price is naturally higher, which is good for you. Wouldn’t it also save a lot of time?”

"VIP room, we VIP customers redeem a large amount each time, shouldn't there be more discounts?" said the man with the middle head.

"Sir, you may have misunderstood. Our exchange this time is not a normal commercial operation, but is entrusted by the Hong Kong government to ensure the normal foreign exchange needs of ordinary people. Therefore, the more we exchange, which exceeds the normal demand, then we The price will naturally change accordingly, and the upper limit we set is US$5000 per person." The service manager said politely.

"Then I can redeem it 20 times, is that okay?" the middle-parted man asked again.

"Of course you can. As long as the amount is less than US$5000 per time, our exchange ratio is 9.6:1, but you need to queue outside. We have 40 branches of Hisense Bank and Hang Lung Bank in Hong Kong, with a total of 230 counters handling this business. You just have to get in line,” the service manager said, pointing outside.

"Are you kidding? There are too many people there." The middle-parted man said with a frown.

The word "crowds of people" is absolutely correct to describe the people outside. If it weren't for the police protection, the road outside would probably be blocked. With such a queue, even looking for scalpers would be impossible.Moreover, the fees charged by scalpers are not low, and time is wasted, which is not cost-effective.

"Can you hurry up? If you want to cash it, just cash it. If you don't want to cash it, leave quickly. We are still behind?" At this time, the people sitting in the VIP waiting area complained.

The middle-parted man was also thinking about whether to exchange. Hearing this urging, he couldn't help but feel a little angry. But when he looked back, he saw that there were more than a dozen people behind him, some of whom he had heard of, and they all had assets worth tens of millions. The boss of the company is no worse than him. If there is only one, he can still fight. With so many people added up, he can only endure it, so he said: "Okay, then I will exchange it for 150 million Hong Kong dollars." Now in Hong Kong, if you have money, It cannot be exchanged for U.S. dollars. For HSBC, if you want to exchange currency, you must have relevant import and export transaction evidence. This is not required for the black market, but the number of black markets is also limited, and they are not just exchanging a small amount of money. If such a large amount is Being cheated involves participating in money laundering, especially money laundering by overseas companies, and immigrants will be affected in the future.

In fact, this risk is very high, because many people have dollars in their hands whose origin cannot be explained and appear on the market. It doesn't matter if ordinary people buy hundreds or thousands of dollars, but they don't dare to gamble.

Hisense is basically the only choice. Although the price is a bit high, at least there is no legal risk, and in terms of quota, the general black market is indeed unable to meet their high demand.

In the past, it was bank customers who completed various transactions, but this time, it was these people who wanted to immigrate or want to protect their assets who asked Hisense. Who would let people have US dollars?

After the middle-parted man left, the people behind him also asked for exchange. Everyone's request was more than 10 US dollars. Although the exchange rate was very high, for such a rich man, at this time, it is better to avoid risks. It's even more important.

Outside the VIP room, a large number of ordinary people are queuing up to exchange money. On the other side, there are a bunch of people coming to open accounts, because if you want to exchange U.S. dollars at Hisense Bank, you must have a Hisense Bank account. They are all To register a new user.

This kind of thing happened in every branch of Hisense Bank in Hong Kong. A large number of people queued for a long time to finally exchange the Hong Kong dollars in their hands that they thought would be useless.

"Hahaha, we have exchanged U.S. dollars for 2 U.S. dollars. Now, we no longer have to worry about the depreciation of the Hong Kong dollar." A man hugged a child and ran out of the bank with some hands and feet dancing, and rushed outside to wait. Beside his wife.

"Really? Where's the money?" the woman asked.

"I only withdrew US$1000 in cash from Hisense Bank's account. We can't keep such a large amount of money at home, right?" the man said.

"That's right, how much Hong Kong dollars did you spend?" the woman asked.

"Almost 20 Hong Kong dollars. This Hisense is really bad. The official exchange rate was only 5.5 a few days ago, and now it's almost 10 points." The man said a little depressed.

"You can't exchange it for 5.5 dollars. It's good to be able to exchange it for US dollars now. Look at the crowd behind here. I guess you won't be able to exchange it all by night," the woman said.

"I know that. I'm just regretting why I didn't change it a few months ago and now I've lost almost half of it." The man shook his head and said.

"We still have more than 2 yuan in our account. Should we come over tomorrow to replace it?" the woman said in a low voice.

"I'm afraid this won't work. I've already spent all our family's limit, but I asked the bank staff. Hisense's current account limit for each person is that they can only exchange 5000 US dollars. Maybe it will change after a while. I guess it is It depends on the number of people who redeem. If there are fewer people who redeem, then the quota may be increased." The man analyzed rationally.

"Forget it, look at this crowd, 5000 per person, and some people like you have multiple accounts, how much foreign exchange can Hisense Bank have!" The woman looked at the dense crowd, and suddenly felt that there was no hope of exchanging money again. It's so big that if their family hadn't come early, they probably wouldn't have been able to get in at night.

"That's not necessarily true. The boss behind Hisense Bank is Chen Zhiwen? He has a lot of money." The man said with a smile.

"No matter how rich I am, I can't handle so many people! You'd better stop counting on this and see if there are any other channels?" the woman said.

"That's right, we're not the only ones who are anxious." The man thought for a moment and said, "Twenty or thirty thousand Hong Kong dollars can't be exchanged for much in foreign exchange? How about we go to ParknShop Supermarket to see if there's anything we can buy? Can it be used for a long time?" the man said.

"That's fine." The woman nodded and said, "That PARKnSHOP also belongs to Chen Zhiwen, so he is really rich!"

(End of this chapter)