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Chapter 305 What Can Be Done

Tonight, no one fell asleep on Xiangdao, and so was Long Jianhua.

Before he left the office, he sat in front of the window. The office was dark and he sat quietly for one night.

At 7:20, Yuwen Xing rushed in from outside.

"It's messy, it's all messy! There are shops where ghosts are smashed, and there are messy streets everywhere. The news I just got from the bank just now has dropped by 5% and it's now falling to 5.2."

Long Jianhua turned back to the chair and looked at him in surprise.

The Hong Kong dollar needs to depreciate, this is the trend.

During this period, as the mainland began to reform and opening up, the two countries had already negotiated on the issue of Xiangdao. In addition, the stock market speculation trend was prevalent, those ghosts were not optimistic about the future of Xiangdao and were preparing to withdraw, resulting in a large amount of funds withdrawal and causing the Hong Kong dollar to depreciate all the way.

One US dollar can be exchanged for HKD 4.5 in the middle of last year, and yesterday it can be exchanged for HKD 4.8 in the morning.

In the past, this trend would not reach the lowest level of 9.6 Hong Kong dollars to one US dollar until September 1983, and then it was replaced by a fixed exchange rate of 7.8 on October 15, 1983.

He was worried last night that if the situation deteriorated again, the Hong Kong dollar would depreciate faster.

As expected, it plummeted by 5% overnight.

In previous lives, this would be the exchange rate that would not be reached in 1982.

If this trend is allowed to develop, the process will accelerate and how will it eventually fall?

There is a trend of xenophobia. Will the Eagle Government still take action to save the market?

Long Jianhua's tone was very serious, "Yusheng, the problem is very serious this time."

"You are talking about the exchange rate? In my opinion, the decline in the exchange rate will be beneficial to Xiangdao commodity exports."

"We are also direct beneficiaries. We paid nearly five percent of the money in the last land; if we continue to depreciate, we will pay more."

"Longsheng, I really admire you. We have always exchanged Hong Kong dollars for US dollars, but it rose by 5% overnight."

Yuwen Xing disagreed.

In his opinion, this is a good thing.

The land that Chongshi won the bid was only 10% paid, and the remaining payment was only required to be paid within three months.

By doing this, you will make a lot of money.

Long Jianhua shook his head, "For Xiangdao, depreciation or depreciation will not have much impact. Because most of the goods are exported and the production capacity is only so large. On the contrary, those with demand for imported raw materials will immediately fall into financial difficulties, which may trigger a wave of bankruptcy."

"There are also a greater impact on the development of the local economy of Xiangdao. Because this is not a natural formation, but a result of this xenophobic situation. Foreign capital may withdraw quickly, the stock market is already in turmoil and may collapse, and the same is true for real estate."

"For ordinary people, rush to buy due to the depreciation of the Hong Kong dollar and unemployment due to the bankruptcy of the company, this will really affect their lives."

Yuwen Xing was stunned.

The depreciation of currency will bring so many serious consequences, which he never expected.

"Or what if we exchange all the more than one billion US dollars for Hong Kong dollars to save the market?"

I immediately vetoed myself, "No, this is a trend. If you throw this into it, you can't see a bubble."

"Longsheng, what do you think we can do now?"

"First, the payment for the purchased raw materials has been changed from quarter to monthly. If there is particularly difficulty in funding, you can pay cash on delivery; second, accelerate those construction projects and absorb more people within half a year or even a year;"

"Third, stabilize and expand production and absorb more people to find employment; fourth, accelerate the pace of building factories in the mainland and recruit some people to the mainland;"

"Fifth, accelerate the construction of the two instant noodles and ham sausage factories in Japan, and can absorb some people to work there."

"There is another point that the land funds can be paid before the expiration date."

Yuwen Xing nodded.

As an enterprise, you can only do these things and do them.

As for asking him to use a US dollar to save the market, that is impossible.

This is a measure that Long Jianhua thought about after thinking about it all night, and he could only do this.

Back then, Eagle Kingdom paid a great price to stabilize the Hong Kong dollar.

They have super rent support and numerous tax support.

What's the matter with the reunion? Apart from more than 3 billion US dollars, the rest is a real industry, a life of facing the loess and facing the sky, and honestly making money with both hands.

"Yusheng, we can't do much, we can only help our raw material suppliers and limited unemployed workers."

"As long as you are willing, the Hong Kong and British government can do a lot, and this is their responsibility."

Yuwen Xing nodded, "I know this, too."

...

Long Jianhua and Yuwen Xing arrived at the Governor's Office at 8 o'clock.

This was made a reservation yesterday afternoon, so you can't delay this because of what happened last night and this morning.

The Governor Mindrayao did not release their pigeons because of the storm last night this morning. He was already there with two directors and four directors. Lawrence and Pang Yige were also listed.

Long Jianhua still admires Mindrayao very much.

As a diplomat who has never been in charge of local government affairs, I worked on Xiangdao for twenty-five years and brought Xiangdao to the ranks of the four Asian dragons. It is really amazing.

Mindrayao did not ask Long Jianhua to speak first, but started by himself, "Mr. Long, I heard you complain that we treat Yingguo Enterprises and Xiangdao Enterprises differently, and this caused such a big storm. I want to hear your opinion."

Long Jianhua refused to comment, "Governor General, I heard that Rolls-Royce sold aircraft engines and technology to the north in 1974, which is a real military use."

"I didn't expect any of our instant noodles and ham sausage products and technologies to do with military use, and Director Lawrence and Director Pang Yige didn't say a single reason."

"As a law-abiding enterprise, I have reason to ask what the basis of this decision is. This is also the reason why we come to appeal to Mr. Governor today."

Mindrayao asked bluntly, "What kind of results do you want?"

Long Jianhua smiled and said, "Governor General, this is not the result I want, but what attitude the government can give to companies like us under the framework of the laws and regulations."

"Under the governance of the Governor, Xiangdao has become a society ruled by law. Our enterprises do not need special treatment, nor can they have privileges beyond the laws and regulations. We only want to abide by the rule of law and act under clear laws and regulations; if so, it is fair."

The Public Security Director next to him snorted heavily, "Mr. Long, your speech yesterday is very bad! This situation in Xiangdao this time is all because of you; you should bear all the responsibility for this incident."
Chapter completed!
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