章 1455: Chapter 1455: A stab for the traitor
"Damn it, how did Jiuding Bank come up with $10 billion in cash so easily?'
'Why is their liquidity so high? Aren't they afraid of going bankrupt?'
It was impossible for Terence Waughberg not to be shocked. After all, $10 billion was no joke.
According to the latest issue of The Banker magazine, there are only a dozen or so banks in the world with assets exceeding 100 billion US dollars, and Jiuding Bank is not one of them.
In the battle for Hong Kong stocks, Jiuding Bank has also participated, not only doing its own work, but also providing financial leverage for other securities companies, which has consumed a lot of funds.
Even under these circumstances, Jiuding Bank was still able to quickly raise tens of billions of US dollars in foreign exchange to exchange with the Monetary Authority, which is indeed unreasonable!
If all the banks in the world held such a high amount of liquid capital as Jiuding Bank, the result would definitely be the bankruptcy of a large number of banks!
'Chairman, this should be the upper limit for Jiuding Bank. It should be difficult for them to come up with a large amount of US dollars again,'
the subordinate responsible for reporting whispered to Terence Woburg at this time.
Terence Woburg glanced at him and said indifferently, 'I know.'
The subordinate's head dropped a little lower when he was looked at, and he couldn't help but twitch the corner of his mouth in a place that Terence Wogberg couldn't see.
...
The fact that the Monetary Authority had exchanged $10 billion of foreign exchange from Jiuding Bank did indeed take the short sellers by surprise.
But this only stimulated the ferocity of the short sellers.
They had more than 300 billion Hong Kong dollars in their hands, and at this point they had only exchanged more than 30 billion Hong Kong dollars, leaving them with nearly 300 billion Hong Kong dollars left!
It was still too early for Xiangjiang to think that it had won!
For a time, the short sellers deployed more manpower to deplete Hong Kong's US dollar foreign exchange reserves from multiple fronts.
At the same time,
forces such as the Rothschild family also fully mobilised their business intelligence networks to try to detect the movements of Hong Kong's major local financial institutions.
Jiuding Bank was able to come up with ten billion US dollars to support the Monetary Authority, and it is not certain that other banks or institutions also have this ability.
We must guard against them with all our strength and disrupt the channels through which these institutions raise and exchange funds as much as possible.
...
In the Central Financial Street of the Central and Western District, Xia Yu entered a construction site that was about to be demolished after leaving Jiuding Securities.
Here, he met Chen Jianping, the president of Jiuding Infrastructure Co., Ltd.
Of course, Chen Jianping was not qualified to receive Xia Yu, but Xia Yu was here to see the future headquarters, a 520-meter-tall building, which would soon be completed.
Construction of the world's tallest building began in February 1982, and it has been under construction for more than four years.
Over the past four years, countless people in the most prosperous area of Central, Hong Kong Island, have watched it gradually add floors from the time of the foundation, until it reached the sky.
Today, the skyscraper is almost complete, and if you look at it from the outside, it looks like it is ready for use.
Of course, it only looks that way.
In fact, there is still a lot of work to be done inside.
This skyscraper with over 100 floors is Xia Yu's own headquarters, and he only plans to let his own company move in.
And with his current strength, there are countless companies under him, so there is no need to worry about having any spare space.
So he hopes that this skyscraper can be put into use as soon as it is delivered, and there is no need to waste time.
'Jianping, according to the current progress, can it be fully completed on schedule?'
Xia Yu asked Chen Jianping softly, wearing a safety helmet, holding a drawing in his hand, and looking up at the skyscraper in front of him.
According to the original plan, Xia Yu intended to officially open the 520-metre-high skyscraper on 20 May 1987. This date was special and came only once a year, so it would be a pity to miss it.
Chen Jianping, standing nearby, hurriedly reassured him: 'Chairman, please rest assured. The current progress of the project is already nearly two months ahead of schedule. And to speed things up, we are taking the approach of accepting the building as it is constructed, within a controllable range.'
'I assure you here that it will definitely be completely delivered before May next year. If it is not completed, I will resign!'
This attitude is really good, and he has even signed a written pledge.
Xia Yu looked at him, his mouth slightly raised, and patted his shoulder, saying, 'It's good to have this confidence. I'll be waiting for your good news.'
'Chairman, I will definitely not let you down!' Chen Jianping said with his head held high and a firm tone of voice.
'Knock, knock...'
'Chairman, your phone.'
At that moment, Huo Jianning, who was standing next to Xia Yu, took his mobile phone out of his bag and handed it to Xia Yu.
'Hello... OK, call them back and tell them to go straight to my office. I'll be there in about 20 minutes.'
After hanging up, Xia Yu handed the Teco Motorola mobile phone back to Huo Jianning, who immediately put it back in his bag.
'Let's go back to my office.'
'Have a good day, Chairman!'
Chen Jianping waved goodbye as Xia Yu's convoy drove away from the construction site.
Twenty minutes later.
Xia Yu's convoy returned to the bottom of the Jiuding Building in Kowloon.
Taking the elevator all the way up, Xia Yu returned to his office and saw the two men being entertained.
It was none other than Ma Jianmin, the president of BOC Hong Kong, and Liu Zhihe.
'I'm sorry, Director Liu, President Ma, for keeping you waiting!'
Xia Yu said apologetically, extending his hand to the two men, who had already stood up.
'We should be the ones apologising, Mr Xia. You have a busy schedule, and we're disturbing you. We're really sorry,'
Liu Zhihe said, beaming.
'Yes, we feel honoured that Mr Xia has returned from his busy schedule,' Ma Jianmin also said with a smile.
'Haha...'
'When I got the call, I had just finished inspecting the construction site and was about to head back,'
'Please sit down.'
Xia Yu smiled and invited the two men to sit down again.
'What brings you here?'
Xia Yu took a sip of tea and asked directly.
This happened to be what the two men wanted to ask, and they looked at each other before Liu Zhihe, representing the higher-ups, answered.
'Mr Xia, it's actually about the financial security of Xiangjiang. We've come to get your take on the situation.'
After all, the Governor of Hong Kong was British, so it was indeed inconvenient for the authorities to contact him.
Xia Yu smiled and said, 'The people attacking the Hong Kong stock market are the same people who attacked the Hong Kong stock market before and caused trouble in Hong Kong.'
'I'm not sure how strong they are, but based on the previous trading situation of the Hong Kong stock market, it can be roughly estimated that the short sellers have a huge amount of funds of nearly 300 billion Hong Kong dollars in their hands.'
'300 billion Hong Kong dollars!'
Liu Zhihe and Ma Jianmin's faces both changed, especially Ma Jianmin, who was involved in finance himself, and could understand what 300 billion Hong Kong dollars meant!
'Mr Xia, do the shorts really have that much capital?' Ma Jianmin hurriedly asked, his gaze fixed on Xia Yu's face.
Xia Yu gave a faint smile and nodded slightly: 'At least 300 billion Hong Kong dollars. If the shorts get going and attract more international hot money to attack together, then it will be more than just 300 billion Hong Kong dollars.'
'Hiss...'
Ma Jianmin's face changed again, and he couldn't help but gasp.
'Then Hong Kong is really in danger.' Liu Zhihe's face was as gloomy as water
and when he thought about the mainland's foreign exchange reserves of just over 20 billion U.S. dollars, he felt even more helpless.
Short selling 300 billion Hong Kong dollars would require at least 50 billion U.S. dollars to deal with, and all of the mainland's U.S. dollar foreign exchange reserves would be of little use if they were used to help Hong Kong.
What's more, he knows that the mainland is short of foreign exchange everywhere, and every department and institution is crying out for it. They treasure their foreign exchange in US dollars and hate to spend it. If the mainland really had to give up all their foreign exchange in US dollars, I'm afraid it wouldn't last long.
'Director Liu, Governor Ma, do you have any ideas?'
Xia Yu asked with a smile on the corners of his mouth, his gaze flicking between the two men.
'Well...'
The two men looked at each other, not knowing what to say.
Xia Yu suddenly understood and asked, 'The mainland's current foreign exchange reserves should not be abundant, right?'
Realising that Xia Yu had seen through him, Liu Zhihedun felt his face burn. He smiled a little reluctantly and said, 'It's true that they are not very abundant. Every place needs a lot of US dollars. Although a lot of money was earned in the past, most of it has been spent. The country's foreign exchange reserves now amount to just over 2 billion US dollars.'
After a pause, Liu Zhihe suddenly figured it out again and confessed the situation directly: 'I came here to find out the situation and see if I can help in some way.'
'It's just that the current situation has indeed far exceeded my expectations.'
'Mr Xia, I'm sorry to have made you laugh.'
Xia Yu didn't think it was funny and shook his head with a smile: 'There's nothing to laugh about.'
'Director Liu, please express my gratitude to those above.'
'In fact, we already have a response to this matter. The enemy only has 300 billion Hong Kong dollars, so even if there is more, it doesn't matter. Hong Kong has built a very sound financial system over the years, and the enemy can't turn the tables!'
Xia Yu said these words so casually, once again shocking Ma Jianmin and Liu Zhihe.
It seems that the 10 billion US dollars that Jiuding Bank has put out is not the upper limit. Xia Yu's strength is truly terrifying.
But it's good that Xia Yu is confident.
'Oh yes, there is one thing. I wanted to talk to the higher-ups about it later, but since you two are here today, Director Liu can pass it on for me.'
After saying this, Xia Yu, with the two men looking at him in confusion, walked over to his desk, took out the key and opened the drawer, from which he took out a file bag, and returned to the sofa again.
After handing the document bag to Liu Zhihe, Xia Yu told him, 'You two can read this document, but I suggest that you don't spread it after reading it. Just hand it in.'
Liu Zhihe took it, opened it, took out the document, and just glanced at it. His face instantly changed, and he looked up at Xia Yu sharply. After receiving a firm look in the eyes, Liu Zhihe took a deep breath, and in Ma Jianmin's puzzled gaze, he re-inserted the document and put it away solemnly.
'Mr Xia, we will definitely keep this confidential. After all, we will hand this document over to the higher-ups.'
Xia Yu smiled and nodded: 'Yes, come, have some tea.'
After almost ten minutes, Liu Zhihe and Ma Jianmin left on some excuse.
Xia Yu personally saw them out, and after watching their car leave, a slight curve formed at the corner of his mouth.
I wonder how the higher-ups will deal with these traitors after they find out...
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