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94.72% Rebirth of the Strongest Tycoon / Chapter 1454: Chapter 1454: This is so cool! It's uplifting!

Kapitel 1454: Chapter 1454: This is so cool! It's uplifting!

'Here they come, the Governor of Hong Kong is here, and so is Director Zhou of the Hong Kong Monetary Authority.'

In the afternoon, the media reporters, armed with long and short cameras, arrived at the press hall of the Hong Kong government. When they saw Su Xingjian and his entourage walking down the aisle, the reporters present were suddenly invigorated.

'Please be quiet, the press conference will start soon, everyone's time is precious!'

The host immediately shouted to maintain order in the venue.

The venue instantly fell silent, and many reporters watched as Su Xingjian and the others all took their seats.

'Pah...dong...'

Su Xingjian very ably switched on the microphone in front of him and said directly, 'The press conference will begin, and we will move directly to the Q&A session.'

'First, this reporter friend, what do you have to ask?'

Looking at the reporter pointed to by Su Xingjian, the other reporters around him were all unable to speak out, and there was nothing they could do about it even if they were jealous. Who let that reporter be from the Jiuding Daily?

Which Hong Kong government press conference hasn't the reporter from the Jiuding Daily been the first to ask a question?

"Mr. Governor, there is now a lot of buzz outside, with a large number of financial institutions attacking the Hong Kong dollar exchange rate. Is this news true?'

Under the burning gaze of the crowd, So Hang-kin nodded without changing his expression: 'The news is true. It is true that some presumptuous financial institutions are trying to attack the Hong Kong dollar exchange rate with their eggs.'

The reporter from the Jiuding Daily immediately followed up with another question: 'From what you said, does the Hong Kong government have enough confidence to withstand the attacks of these financial institutions?'

When the other reporters saw that he was continuing to ask questions, their eyes grew round with anger. However, when they saw that So Hang-kin was really preparing to answer, they could only hastily gather their attention again and focus on So Hang-kin.

Su Xingjian raised his right hand with a clenched fist and said firmly, 'The Hong Kong government is confident enough to defeat these financial bandits.'

'In the stock market, the Hong Kong government and the people of Hong Kong are united, and they have already defeated the enemy.'

'These financial bandits are not willing to admit defeat, and they are trying to attack the Hong Kong dollar exchange rate and regain ground in the foreign exchange market. This is wishful thinking, and they will definitely suffer an even more painful defeat!'

'Click...click...click...'

Such words of encouragement had killed a whole roll of film, and even the reporter below couldn't help but murmur in approval.

'This reporter,'

Su Xingjian immediately pointed to a reporter in the front row.

'Governor, we feel your determination, but as far as I know, Hong Kong's US dollar foreign exchange reserves are only 11.78 billion US dollars, and it seems difficult to maintain the fixed exchange rate of the Hong Kong dollar with these funds, isn't it?'

The reporter immediately asked a sharp question.

Su Xingjian smiled and said, 'I think Director Zhou Shanwen will give you a clear answer to this question.'

With that, Su Xingjian pushed the microphone towards Zhou Shanwen, who was sitting next to him.

Zhou Shanwen nodded to Su Xingjian and then said with a confident and composed smile, 'That's a good question.'

'In fact, Hong Kong's current foreign exchange reserves of 11.78 billion US dollars are extremely high in the world, ranking among the top 20 in the world. It is precisely because of this that the Hong Kong dollar exchange rate has been able to remain stable over the years.'

'Of course, this is an extraordinary situation. It is true that some financial institutions are holding large sums of Hong Kong dollars in an attempt to deplete Hong Kong's US dollar foreign exchange reserves, but this is not enough to make us afraid!'

'I can tell you with certainty that this morning I have already met with a number of business leaders and reached an agreement with many banks to provide as much US dollar foreign exchange as needed.'

'Hong Kong is the world's trade centre, and foreign currency transactions are frequent. Hong Kong is not short of US dollar foreign exchange!'

'The reason why the Monetary Authority only holds US$11.78 billion in foreign exchange reserves is not that it does not have the strength to hold more, but that it believes this amount is sufficient. It would be a breeze to buy and increase holdings in large quantities!'

'Those financial bandits want to start here, but they've got the wrong idea! Big mistake!'

'Pop...'

A series of clear-cut and extremely inspiring words won applause from almost everyone in the room.

'Director Zhou, everyone wants to know, did you reach an agreement with those bigwigs this morning?'

'There was Mr Xia Yu, President Liu Tianci of Jiuding Bank, President Shen Bi of HSBC...'

...

The press conference lasted only half an hour, but it was full of energy.

After the press conference, all the journalists present hurried back to their offices. They had to report back to their companies and compile a draft report for publication as soon as possible.

Of course, rumours spread faster than print media.

People who had been following the press conference analysed and discussed it immediately.

For the attacking financial institutions, whether or not the news was known was no longer of great significance.

After all, their arrows had already been shot, and they could only move forward, they could no longer retract!

All they can do is to attack with all their strength. After all, the stock market has already suffered a crushing defeat before, so it can't get any worse.

For a while, the Hong Kong dollar exchange rate market was in a state of turmoil.

Both the offshore foreign exchange market and the local currency exchange market in Hong Kong were fighting for real.

After all, the major licensed brokers and banks are not rejecting anyone, as long as the client can produce a foreign exchange contract or Hong Kong dollar cash, they will exchange it without hesitation!

But the handling fees that should be charged are also collected without exception!

On Xia Yu's side, he also received a secret report from Luo Wang.

The Chaoshan gang, having also exchanged the huge amount of funds they had in their hands for stocks that they had not had time to buy at rock bottom prices with those of overseas financial institutions, had caused the ammunition depots of those overseas institutions to surge.

Their aim in doing so was simply to hide themselves in the background and not expose their true nature as traitors.

Xia Yu didn't need to guess that the big short sellers would agree, and it must also be that the Rothschild family wanted to keep them as a backup. Even if they failed this time, as long as these traitors were still in Hong Kong, there would be another chance later!

But Xia Yu didn't want to give the enemy what they wanted.

Since these traitors have chosen to betray Hong Kong and their compatriots, they must be punished accordingly. They can forget about looking good in public!

Xia Yu immediately ordered Luo Wang to continue following them, gather more evidence, and wait for the right moment to strike.

Let's talk about the Hong Kong stock market.

Although some investors have been affected, causing the upward trend of Hong Kong stocks to slow down slightly,

once the Hong Kong government held a press conference, the sell orders disappeared again.

The bulls continued to frantically push up the stock prices of various companies.

After all, there was a constant stream of orders being placed and cancelled, and that was just how the trading rules of Hong Kong stocks worked.

As long as there were investors who were willing to place sell orders to match transactions, there was no need to actually spend any capital, and this kind of stock price manipulation was a breeze!

The market value of Jiuding Real Estate Development Co., Ltd. had been driven up to more than 70 billion Hong Kong dollars, and it was getting further and further away from making history!

...

'Everyone, let's work harder and continue selling Hong Kong dollars. The Hong Kong government's US dollar foreign exchange reserves have already been depleted by half, and they will soon fall below 50 billion US dollars.'

At the S.G. Warburg Company's Xiangjiang branch, Terence Warburg was on site supervising the battle, constantly boosting the morale of the employees who had been fighting for several hours.

Just then.

'Chairman, something's wrong.'

A subordinate hurriedly walked in, his face obviously not right, and walked up to Terence Warburg and whispered in a low voice.

Terrence Worberg's face became solemn, and he asked, 'What's wrong?'

'The Hong Kong Monetary Authority has announced an update to the foreign exchange reserves,' the subordinate said hurriedly.

Terrence Worberg's heart leapt, and he asked in a low voice, 'How much?'

The subordinate glanced at Terrence Worberg secretly before lowering his head and whispering, 'The Hong Kong Monetary Authority has exchanged 10 billion US dollars from Jinding Bank, and the current US dollar foreign exchange reserves are 15.57 billion US dollars.'

'I...fuck!'

Terrence Wogberg's eyes bulged as he couldn't help but swear.


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