Chapter 9: Exchange rate plunge

[Title: rebirth of the strongest life Section 148.9 of the exchange rate plummeted: only handsome]
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The strength of Yin Jun in Xiangjiang and the sky-high advertising costs of Kirin Satellite TV can't conceal the dilemma that Xiangjiang is already exhausted.
Just a week ago, the Hong Kong Association of Banks announced that it would raise the deposit rate by 1.5% to a record high of 7%.
Many people may not understand 7%, but if the annual interest rate is 7%, many people will suddenly realize it.
so tall! ?
Alipay, WeChat, JD.com, Suning, etc. are only about 4.5%. Although they had a short happy life of 6% before, they were still suppressed by the five major commercial banks. They can maintain 4.5%, which is already the endeavor of many electronic groups. Fight for the results.
Today's Xiangjiang is also, even in 73 and 74 years, it is not so high.
The key is also that the interest rate of Xiangjiang's most favorable loan has plummeted to about 10%.
The two benefits combined, but still did not save the decline of the Hong Kong dollar exchange rate.
Waiting for a week later on September 14th, the exchange rate of the Hong Kong dollar against the US dollar continued to decline without any hesitation, falling to 1 US dollar for 7.89 Hong Kong dollars.
After the shocking fall of the Iron Maiden, the Hong Kong dollar depreciated by nearly a third in a year!
On September 1st, the exchange rate was still 7.3!
It stands to reason that this should be a very undervalued value of the Hong Kong dollar, which has deviated far from the market's trajectory.
But the people don't care about this at all, they just think that the Hong Kong dollar is about to end soon, and they have started a new round of crazy selling of Hong Kong dollars to exchange for US dollars in banks.
Xiangjiang Commercial Bank also ushered in a new round of run.
It's just that this run is not for cash, but for Hong Kong dollars for US dollars.
Xiangjiang ’s financial policy is based on the principle of free trade. Everything follows the laws of the market. Customers come. If you want to exchange currency, you have to handle it.
If it does n’t work, it ’s only an emergency closure, or a suspension of the business.
Then your bank's reputation will be affected, and everyone will resent you, and your business may be greatly reduced in the future.
But in many cases, for the survival of the bank, you ca n’t stop these businesses, so many recent small and medium-sized banks in Xiangjiang have restricted the amount of US dollars that can be exchanged each day.
That is, HSBC, Standard Chartered Bank and Hang Seng Bank have no restrictions.
But according to the internal situation, they are also actively preparing for countermeasures, and they have to make some changes.
There are still restrictions on Xiangjiang Commercial Bank. Others' daily limit is 100-500 US dollars, and the limit they give is 300-800 US dollars.
This is a lot more than other banks, and it has caused them to queue up to exchange dollars every day.
I don't know where the news came from. Some newspapers in Xiangjiang began to report the problem of funds in Yin Jun's hands.
"Yin Jun has secretly turned all the funds into US dollars !?"
"Jun Shao is not optimistic about the future of the Hong Kong dollar, he has a huge amount of 2 billion dollars!"
"Did even Xiangjiang's pride give up Xiangjiang?"
"Even Yin Jun is going back, what are you waiting for? What are you doing with the Hong Kong dollar?"
"Hong Kong dollars and US dollars, how to choose? Yin Jun has given us the best answer!"
"..."
Looking at these reports, Yin Jun smiled bitterly.
He knew the fact that he had a lot of dollars in his hands, and he could not hide them.
No one said it before, it does n’t mean no one said it.
It is definitely ulterior motives to speak up at this critical time.
On the one hand, it is related to the speculation of the exchange rate, and on the other hand, it splashes dirty water on Yin Jun.
Haven't you always said you are optimistic about Xiangjiang?
Don't you think that Xiangjiang will definitely survive?
Why did you exchange all your working capital for US dollars?
Isn't this going to run?
Of course, these are not major problems.
For example, when Le Yiling, the executive president of Kirin Group, went to the Governor's Palace for a meeting, he sneered when he was asked this question by a reporter.
"Most of our Kirin Group's income is in US dollars. We don't hold US dollars in our hands, do we still hold Japanese yen?"
"Why not change to Hong Kong dollars? Are you an idiot? Our external payments, as well as all kinds of debt repayment, are settled in US dollars! How idiot I have to be before I can change US dollars into Hong Kong dollars. Put it in your account and switch back to US dollars when you want to use it? Just like you are an amateur, are you still a financial reporter? "
"I declare once again that our Kirin Group has absolute confidence in Xiangjiang! This confidence is not proved by holding US dollars or Hong Kong dollars! This is related to our business strategy, not representing our position!"
"..."
Well, Sister Le has been so violent for a while, the news of Qilin Satellite TV was broadcast that evening, so that everyone in Xiangjiang could see it.
Don't say it, it's not easy for people to believe it when it comes to talking softly.
But this impatient impatient attitude is easy to reassure.
What surprises Yin Jun is that Xiang Jiangzheng has no substantive measures for all these chaos.
Both the Governor and the Financial Secretary have simply spoken to keep everyone confident in Xiangjiang, but have not come up with any solution.
If it were not for Yin Jun to know that they would make a fierce move in October, he would feel that these officials had given up Xiangjiang.
However, the issue of exchange rate is actually not the hottest topic in Xiangjiang recently.
Xiangjiang's hottest and most intense topic is still the fourth round of negotiations to be held in Beijing.
From the 18th to the 24th, for a whole week, the two parties will have another round of negotiations, hoping to obtain satisfactory results for both parties.
Xiangjiang Three David, including Kirin Satellite TV, has already sent dozens of interview crews to want to get to know and know the progress of the negotiations at a short distance.
In fact, in the third round of negotiations, there was no more atmosphere of tension, and there was no irritability to start working without words, but after calming down, everyone still found that there were irreparable differences.
So even if everyone discussed a lot of things and put forward various ideas, there was still no progress in the third round.
The fourth round of negotiations that everyone is looking forward to now is mainly because both China and Britain have seen the chaos in Xiangjiang. To get Xiangjiang back on track as soon as possible, then there must be a breakthrough in the negotiations.
In recent TV programs, many of them are discussions of experts on the fourth round of negotiations.
More than 80% of experts feel that there will definitely be a breakthrough in this round of negotiations, at least there are signs of ice breaking, otherwise Xiangjiang is really over.
These experts are not only Xiangjiang, but also foreign experts.
Everyone's opinions are so unified, and even with the people's extreme anxiety, they also look forward to the good news.
A reporter of course blocked Yin Jun and asked him what he thought.
Yin Jun would like to tell them that this round of negotiations not only did not make any progress, but also gave Xiangjiang a heavier blow. It was also the time when Xiangjiang's deepest low tide day came.
But in this case, the teenager couldn't say anything at all.
I could n’t explain why I knew it. In the second place, as Yin Jun ’s current status, if I said that, Xiang Jiang would n’t have to wait for a week, and it would just be messed up now.
The chaotic days are better.
Even if it is going to experience suffering, one day less is one day.
Therefore, as a last resort, Yin Jun can only say that he is optimistic about this negotiation and hopes that they can reduce their differences and get things done as soon as possible, which is good for everyone.
Yin Jun's answer is still relatively conservative.
In addition to the experts, the rich people and the JPs of Xiangjiang expressed their optimism about the fourth round of negotiations.
Instead of being optimistic, it actually looks like Yin Jun is expressing their urgent hope for the future.
They can no longer bear the current atmosphere of Xiangjiang. If they continue to do so, the economy of Xiangjiang will not be dismal, but a complete collapse.
The common people have nothing to lose. The middle class is mostly migrants who leave, but what is left of them, the top of their society, left Xiangjiang?
Look at each financial crisis and economic crisis, who are the people of Xiangjiang Yimin?
Of all the top social groups, which ones are immigrants?
These are smart people, they do n’t leave Xiangjiang, they just believe that Xiangjiang will definitely be better than other places , Live a good life, otherwise no one will benefit.
Perhaps this mentality of the super-rich and celebrities has also affected ordinary people and increased their expectations for a new round of negotiations.
But in Yin Jun's view, it was just a little dangerous.
The higher their expectations for this negotiation, the more disappointed they will be when the results are not satisfactory, and there will be many crazy actions.
The darkest moment of this round of financial crisis was surging at this time.
It took more than a year for the normal to return to normal.
And the economic losses caused by more than one year have more than doubled that of the previous year.
What Yin Jun was waiting for was actually this time.
The general trend cannot be influenced by ordinary people, and even the top people are difficult to influence.
Everyone can only follow the general trend, and the big brothers can load their own opinions and opinions, and some changes occur.
And a businessman like Yin Jun can only follow the trend.
If Yin Jun deliberately wants to change the current situation of Xiangjiang and wants to speculate on real estate against the trend and bring Xiangjiang's real estate and economy back to life, then he will definitely seek death.
Not only will it not save Xiangjiang's economy, but it will put itself in it.
Compared to saving all beings, Yin Jun prefers to realize his ideals.
From now on to the coming year, it will be the most important time for Yin Jun, who has not made any major moves in Xiangjiang for nearly two years.
If it is done well, the 100-year foundation of the Kirin Group is completely settled.
With a solid rear base, Yin Jun's battles around the world have the greatest guarantee! 2k fiction reading network