On February 18, the 1983 annual work conference of Chongshi Group was held in the office building lecture hall. Representatives from various business departments and subsidiaries around the world attended the meeting, with nearly 200 people, full of them.

Everyone was full of red faces and brightly radiant, which showed that last year's life was very good.

The meeting is still the same as before, but this year, because three vice presidents including Radale were promoted, each of which lasted an hour and a half, and the meeting lasted four days.

Not only should we summarize the work last year, but we should also make plans for the work this year and in the next five years.

They are excited and surging here, while the situation in Xiangdao is turbulent...

On the 21st, a message exploded across Xiangdao - Chongshi Real Estate has three real estate projects appearing in the trading market, with prices of 20% lower than the current price.

What does this mean? Chongshi is not optimistic about Xiangdao's future and cannot withstand the pressure of continued decline in housing prices?

This trick scared Lao Guo and Lao Li and others in the circle.

They got together, their faces were very serious.

The agreed price increase was just launched. Before a house was sold, funds fled and the stock market fell sharply. Everyone could only keep the price at its original position immediately.

Many people who are still watching, when they see the housing prices return to their original position, they feel hesitant when they want to buy, and they still hesitate when they want to sell... As a result, Chongshi Real Estate came so suddenly.

Old Li wrinkled his face, "What does the reunion mean? I want to evacuate here and develop overseas, with the purpose of recovering the funds?"

Lao Guo shook his head, "The Chongshi Group's funds are as strong as this hundreds of millions of Hong Kong dollars. If you sell them at 20% less, you will lose more than 20 million."

Lao Liu shook his head, "No matter how they do it, we should come up with a solution. It is not a problem to continue like this. You have strong funds and my foundation is weak, so you can't stand the toss and troubles."

Old Li said quietly, "I have taken too much operation some time ago, and I don't have much money to use now... Have you noticed that the three lands thrown out by Chongshi are in remote areas and there is not a single one in the center."

There was a faint front and a loud noise behind, which scared the rest of the people.

Lao Guo thought, "He is not optimistic about Xiangdao in a short period of time, but he is optimistic about it in a long time. However, this operation is simply to add the last straw to the camel that is about to crush."

Several of them were discussing, but many of them were as anxious as ants on a hot pan. Some ran out of their houses with relevant documents, while others spoke through relevant channels.

They all sell real estate...

The stock market continued to plummet.

The stock market that had just stabilized was hit by the incident in the Ganing Group, and it was like flowing through terraces, falling flatly...

The exchange rate also falls every day, and it falls by three to four hundred basis points every day, giving people a feeling of crazy slump...

At this time, some middle-class people in Xiangdao were in panic. They wanted to immigrate, but encountered this wave of market conditions. They regretted not making any decisions immediately...

The rich class was anxious, afraid that their property would shrink significantly...

The Governor is having a hard time.

He whispered in the office, "Why is this happening? Before we exchanged 1.5 billion Hong Kong dollars, the foreign exchange market became like this!"

In fact, he understood that the root of this turmoil was in the Eagle Kingdom. If they hadn't wanted to take back the income from Xiangdao back to the Eagle Kingdom and quietly exchanged foreign exchange, they were discovered by those who were interested, causing the exchange rate to fall, which triggered a chain reaction.

The Chief Executive walked in and said, "Mr. Governor, I think the Eagle Kingdom should save the market and stabilize the exchange rate of Xiangdao."

The Governor stared at him with his eyes, "Why? We just want to get back the share we deserve."

The Chief Executive's face was not good-looking, "It is precisely because you exchange foreign exchange when you are sensitive that the situation in Xiangdao has become uncontrollable. You should know a few time nodes. And it happens to be those nodes that trigger the collapse of the foreign exchange market, which in turn triggers the collapse of the stock market and the real estate market."

"As a regulatory country, the Eagle Kingdom, should take the responsibility it deserves to stabilize the situation on Xiangdao..."

Listening to the Chief Executive's slow remark, the Governor's cheeks flushed. After feeling in a mood, he shrugged, "I promise not to continue to exchange foreign exchange to stabilize the exchange rate market."

The Chief Executive shook his head, "This is not enough, a special fund should be allocated."

The Eagle Government takes back a large amount of funds from Xiangdao every year, and this is well documented.

He stared at the Governor's face, "I beg the Governor to report immediately and report the situation here to London."

The governor's eyes rolled for a while, "We can borrow US dollars from the bank to buy Hong Kong dollars to temporarily stabilize the exchange rate."

The Chief Executive nodded, "This is also a feasible way, but the Eagle Kingdom needs to draw out the corresponding number of US dollars."

All of them are foxes, who can fool who?

The Xiangdao government borrows US dollars to stabilize the exchange rate, which is definitely a way, but this account cannot be borne by the Xiangdao government, but the Eagle Government must also bear it.

80% of Xiangdao's fiscal revenue is controlled by the Xiangdao government, but the remaining 20% ​​are taken away by the Eagle Kingdom.

In 1982, Xiangdao's fiscal revenue was HK$24 billion, and Eagle Kingdom could take away 4.8 billion.

The Governor waved his furry hand, "I will report this, but Xiangdao entrepreneurs should also show their responsibilities at this time and contribute to the stability of the Hong Kong dollar exchange rate."

The Chief Executive shook his head, "We are actively not interfering, why should we make contributions? Mr. Governor, I hope the US or pounds of Eagle Kingdom will be in place as soon as possible to avoid the public opinion of Xiangdao. It has been circulated in the outside world that the instability of the exchange rate this time is caused by your big exchange."

The Governor felt ten thousand frustrated in his heart.

What big deal, is it more than HKD 50 million each time?

4.8 billion, it takes 96 times to take them all away. What a complicated procedure!

The people's hearts have moved, the exchange rate has dropped, and the investment of 500 billion US dollars can no longer protect that plate.

The Governor lamented in his heart: I just took a small bite of the mutton, but it was already full of slut. Now it's time to pay the price...

Louis met with the Hong Kong Government Finance Department and his delegation in a small conference room. He stated that he had no living money at hand and was powerless to do anything about the Hong Kong government's loan to US dollars, the bank could lend him in full.

Standard Chartered Bank pointed out that based on the need for stability in the foreign exchange market, banks have already restricted their daily foreign exchange exchange quotas; at the same time, they also agreed to make full US loans to the Hong Kong government.

On March 7, the exchange rate that had been falling had entered a volatile trend, and the public began to stabilize, but at this time the exchange rate had fallen to 7.9, down more than 10% from the previous year.

On the same day, the stock market opened at 1261 points, which was almost 30%.

The price of real estate fell by 15% on the basis of the low-price sale in Chongshi, close to the halving price of the Ganing Group incident.

Three-pronged approach, some people cut off their promises, some people sell them, and some people go bankrupt...
Chapter completed!