When I am reborn in Hong Kong, I just want to lie down

Chapter 212 Panic buying and Hong Kong dollar crisis

The geographical location of Xiangjiang is very susceptible to external factors, such as the 1987 stock market crash and the 1997 Asian financial crisis. Xiangjiang has been spared in the future. There is a saying among Xiangjiang people that if you catch a cold overseas, Xiangjiang will get seriously ill. ; Most of the time, there is support from the mainland to help them tide over the difficulties.

In September, affected by the long-standing negotiations over the ownership of Hong Kong, rumors spread in the market that a war might break out. This made the already turbulent social environment in Hong Kong even worse. Some people began to rush to buy daily necessities and start to drive up prices; some people spread rumors , the war is coming, the Hong Kong dollar will become useless paper, etc., the Hong Kong dollar begins to fall against the US dollar.

"Boss, the daily necessities on the market have gone up like crazy. Why don't we increase the prices?" Many general managers came over to ask.

Li Buhao did not hesitate and said: "It won't go up. We have a large reserve of supplies. They are very sufficient. You can just sell them." Li Buhao converted the vacant industrial building into a warehouse, which was filled with supplies. Afraid of not being able to sell.

……

Li Bu is very happy these days. After entering September, many supermarkets have experienced explosive growth in customer traffic. The quality of the products produced by Pacific Industrial is very good, but it has not been verified yet, because many of them are produced by mainland factories. Xiangjiang people I still have doubts, so this rush to buy supplies is an opportunity.

This morning's morning paper published a headline on its front page expressing confidence in the future of Hong Kong, asking citizens not to panic or hoard daily necessities; followed by Duoduo advertisements that took up a lot of space: Duoduo supermarkets stocked a large amount of daily necessities and sold them at affordable prices. Never raise prices, quality guaranteed, please feel free to buy.

The slogan is very simple, explaining that the supply of goods is sufficient, the price will not increase, and the quality is good.

The more plain words and simple words, the more likely they are to impress people, especially the relatively simple Xiangjiang people nowadays.On that day, there were long queues in front of all the Duoduo stores, and a large number of delivery vehicles were running back and forth between the industrial building and various Duoduo stores from time to time. Fortunately, they were well prepared.

"So many, so sharp, so many people came to buy, but they haven't been sold out yet."

"This is Li Bancheng's industry. Of course it is sharp. I heard that there are cargo ships delivering supplies here."

"I heard that these daily necessities are produced in mainland China. Is the quality good?"

"I've used it before, and it's no worse than the products from other places, and it's also cheaper."

"No problem. I believe Li Sheng. He is such a big boss. If he doesn't raise the price, I will support him."

"Yes, yes, other stores and supermarkets have increased a lot. This is not a job!"

Many people were chatting while rushing to buy goods in many supermarkets, especially rice and flour, which were sold out as soon as they came out. There were also many condiments that were also snapped up.

……

In the Li family's villa, in the living room, ATV is broadcasting live. There are reporters interviewing many general managers. Facing the reporters, he talks eloquently. On the one hand, he exports his own products to the world, especially América, which is the largest store in Holaday Supermarket. The supplier is one of Wal-Mart's cooperative suppliers, and the quality is guaranteed. On the other hand, he also introduced that Duoduo stores supplies for ten industrial buildings, and asked Xiangjiang citizens not to panic buy.Then the scene switched to Pier [-], which was Li Ji's cargo ship. A large amount of materials were being unloaded.

The voiceover sounds, Haoduoduo is backed by Pacific Industries. There are a large number of agricultural fruit and other planting bases around the world, as well as huge raw material suppliers. Don't worry about the impact of material shortages.

……

"Wow, it turns out that Pacific Industrial is so awesome!"

"It's a pity that they have been delisted, otherwise I could have bought their shares."

"These major shareholders are really thieves. They took the company private when it was cheap."

"Yeah, I feel like I've lost my chance to get rich."

"Do you want to stock up on some more supplies?"

"Of course we have to stock up. If there's a war, those cargo ships won't be able to get in."

"Yes, let's go together."

……

Compared with the increase in the price of daily necessities, the Hong Kong dollar has depreciated faster. It has reached more than 1 Hong Kong dollars for [-] U.S. dollar. Long queues have formed in front of many banks to start exchanging U.S. dollars. The exchange rate of Hong Kong dollars for U.S. dollars is one day. Three changes.

Taiping Hang Lung Bank has the largest queue of people in front of its branches. Other banks do not have so many U.S. dollars. HSBC’s U.S. dollar exchange speed is very slow, and the amount of exchanges is limited. It is not as fast as Taiping Hang Lung Bank, and there is no limit.

In the business hall of Tai Ping Hang Lung Bank in Central, the branch president has opened all the windows to the sky, allowing unlimited Hong Kong dollars to be exchanged for U.S. dollars. There are more than 20 police and security guards here to maintain order and distribute lunch boxes at noon.

The radio in the business hall played on a loop, asking everyone to be careful in exchanging US dollars and believe in the future of Xiangjiang. Li Bu did his best, but if he didn't listen, Li Bu had no choice but to help them exchange US dollars with tears.

Li Bu prepared more than 30 billion U.S. dollars. His order to Yuan Daban of Hang Lung Bank was to exchange it at will without any shortage of money. If he still needed U.S. dollars, he could transfer it from overseas.

Taiping Hang Lung Bank's attitude of letting you exchange it casually has slowed down the depreciation of the Hong Kong dollar a lot. Some people feel that Taiping Hang Lung Bank is right and will not exchange it, but most people don't believe it and still rule out exchange.

In order to better serve customers, Taiping Hang Lung Bank has put up a sign that it is open 24 hours a day. The whole bank is working in three shifts and is doing its best to exchange. It just wants to tell everyone that our foreign exchange reserves are the largest in Hong Kong.

In fact, people who exclude exchange do not really have a need. Many are scalpers. Taiping Hang Lung Bank exchanges one U.S. dollar for [-] Hong Kong dollars, which is [-] Hong Kong dollars lower than the market price. You can make money by taking it out.

……

Due to the sharp depreciation of the Hong Kong dollar, the Hong Kong government was very passive. They were very anxious and wanted to calm down the Hong Kong dollar crisis. Li Bu's Taiping Hang Lung Bank sold a large amount of U.S. dollars, which attracted the attention of the Governor. He called Li Bu specifically to commend Li Bu and He made a promise that after this crisis is over, he will definitely seek credit from his ancestors.

Li Bu put down the phone, feeling very happy in his heart. Did he make more money this time? After all the more than 30 billion U.S. dollars have been exchanged, how much will be earned?Moreover, Dai Ying also needs to thank himself.

He remembered something and picked up the phone again. After the other party answered, Li Bu said: "Yuan Daban, arrange more security guards. After communicating with the police, send more people to maintain order. After the matter is completed, Li Bu The Charitable Foundation will donate a sum of money to them, so that we can provide the police’s wages and logistical support these days.”

"Boss, are you afraid something will happen?"

"Will you be tempted by billions or tens of billions of Hong Kong dollars?"

"Okay, boss, you're right."

……

At eight o'clock in the evening, Li Bu visited various banks. Every time he went to a branch, he asked people to arrange rest breaks. There were too many people queuing up. At the same time, he told the branch president of the bank to give them double their salary and give them one more month. Salaries are used as funds.

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