Chapter Five Hundred and Twenty-Three Face Slaps and Cooperation
On the 15th of the month, the Hong Kong Monetary Authority, who was looking forward to it, got Fan Wubing, said that it was too busy and could not get over it. As for Hong Kong affairs, they have been properly handled. (->
The Hong Kong Monetary Authority is a little confused and doesn't know what Fan Wubing's words meant. When I wanted to investigate and ask, there was no one there.
While they were hesitating, there was a big change in the market. A large amount of hot money began to leave the market. The tens of billions of dollars of funds that had been attacking the Hong Kong dollar exchange rate began to withdraw from the battlefield in an orderly manner.
This situation surprised the Hong Kong Monetary Authority. I don’t know what variables the other party had. Such a big change had happened. But they caught this opportunity. Since the enemy is not interested in fighting, it is now a good opportunity to beat the dog in the water.
So the Hong Kong Monetary Authority began to adjust its policies, wanting to bite a few bites of meat on this large amount of hot money, so that they can understand that the SAR government is not easy to mess with.
However, the other party's opposition seemed very strong. After pursuing and blocking the situation, the Hong Kong Monetary Authority seemed a little angry and embarrassed. It turned around and suppressed it hard, which immediately caused the exchange rate to fall a lot, which scared the officials of the Administration.
However, the other party seemed to be not doing it for himself, just to teach the Financial Administration a lesson. After a brief entanglement, he quickly took the position. The remaining idle funds, such as the trend-fighting market, seemed to be a little lost at this time. We don’t know what happened.
The Financial Administration, which has not recovered its dignity from Quantum Fund, wouldn't miss this opportunity? It immediately taught these young sects who dared to challenge the dignity of the Hong Kong government. The wind direction changed drastically within a day. These followers have been considered to have been in trouble for eight lifetimes and are simply throwing away their armor and becoming Soros' scapegoats.
Finally, the Hong Kong Monetary Authority made a high-profile announcement. This time, the SAR government made a calm arrangement, the Financial Administration was far-sighted, and the Financial Secretary made effective regulation. Finally, the invading enemy was expelled from the country and the stability of the Hong Kong dollar exchange rate was a great victory.
No matter how the Monetary Authority is bragging about thirteen, some people know what's going on, especially Soros's men who have withdrawn from the foreign exchange market are unwilling, so the Hong Kong stock market has undergone earth-shaking changes in one day.
The next day, the Hang Seng Index started to green from the opening. Its unilateral decline continued until the closing price of more than 1,300 points. It did not turn around.
I was worried at home. I thought this was another serious stock market crash. As soon as the market opened in the afternoon, before everyone could react, the Hang Seng Index actually started to rise one-sidedly again and steadily stopped at the opening position. The trend of the whole world formed a big v character.
The faces of the entire Hong Kong Monetary Authority's senior executives turned green collectively and did not expect that such a result would be.
At this time, I thought of Fan Wubing's previous attitude. Everyone felt that there must be some inside information. They were quick to contact the central government. If they didn't understand this, they couldn't sleep well. But in this way, the words they blew out yesterday were a bit slapped in the face. But the matter was urgent, but they didn't care about so much.
Although the central government has no spare time to support the SAR government, the situation there has been always paying attention to the ground. After hearing their request for assistance, I felt it was a bit incredible. According to the truth, Fan Wubing would not stand by? Why do they all say that Fan Wubing ignored them?
So Boss Zhu personally called Fan Wubing and asked him what was going on.
"Oh, this matter is actually a bit insider-" Fan Wubing understood what was going on after hearing this.
Originally, he also had a lot of investments in the Hong Kong stock market. This time, because he wanted to raise some funds to speculate on the Korean and Japanese stock markets with Soros, he cashed out part of the Hong Kong stock market. Therefore, the traders in Hong Kong made an appointment with Soros' traders and everyone took action together.
However, because Soros' funds began to withdraw from the foreign exchange market the day before, the Hong Kong Monetary Authority was a little proud and said many irrelevant words, which made Soros' traders very angry. So he discussed with Fan Wubing's people and jointly manipulated the Hang Seng Index and embarrassed them.
Fan Wubing's men felt it was profitable, so they reported to Fan Wubing and said that they could consider this matter.
Fan Wubing thought about it and now he made a lot of profits. Anyway, it has been so long that it is not harmful to speculate. Anyway, the stock index will eventually remain balanced throughout the day. As long as the investors stay honestly, there will be no risks. If they are professional speculators, they will be blessed.
So such a strange trend appeared, which also added a strange landscape to the history of the Hang Seng Index.
It will become an anecdote that countless people talk about.
"Your way of doing this is really a bit of a joke." Boss Zhu felt a little amused after hearing this. Unexpectedly, because the Hong Kong Monetary Authority made a big statement, the financial tycoons who had already planned to quit quietly were threatened by the momentum of leaving. This shows that one must be kind and if it is too much, it will eventually be retaliated against.
After pausing for a while, Boss Zhu asked, "Where are you now?"
"I am still in South Korea, and I will take a few days to recuperate. The scenery of Jeju Island here is pretty good. I will blow the sea breeze for a few days before going back. Anyway, there is nothing important in China, and there are some business to negotiate here." Fan Wubing replied.
This time when he met Lee Kun-hee, the two reached some consensus.
Since Fan Wubingming expressed that he would not relax his control over the domestic market, under the current conditions, it is very difficult for Lee Kun-hee's Samsung Group to enter the mainland market in large numbers, especially the ability of Fan Wubing's companies in research, production and marketing is too strong. Samsung Group has no advantage at all. It can be said that it has seized the market recently, so he gave up this unrealistic idea and turned to seek more practical ways of cooperation.
Lee Kun-hee's most popular exhibition is still the home appliance industry, such as refrigerators, TVs and washing machines, which are products with high technical content or low technical content. Samsung currently has its own research institute, and has invested a lot of capital and manpower and material resources, and has also achieved some achievements. It is a relatively leading research in home appliances, but there are still some problems in design concepts and strategic decision-making, so it has not made great strides to catch up with the international advanced level, and then occupies a relatively large share in the international market.
But Fan Wubing appeared, which broke his original idea. After seeing the design of the new refrigerator launched by Fan Wubing's company, Lee Kun-hee felt that he seemed to be out and could not keep up with the exhibition of this era.
Therefore, Lee Kun-hee emphasized this point at the internal high-level meeting, believing that Samsung still needs to change at present, and that all senior executives cannot stop learning, otherwise they will have to be eliminated. Especially, taking the refrigerators produced by the Fan Investment Group as an example to illustrate why they can enter the Korean market and succeed?
Originally, Fan Wubing wanted to return home, but because he wanted to negotiate with Lee Kun-hee about cooperation in mobile phones and LCD projects, and some technical exchanges between the two parties on home appliances, he stayed.
The most critical issue is that his executives are all busy in China, either busy with company affairs or going to provide disaster relief. Now they are empty and cannot pull out the sling, so he has to go into battle bare hands and fuck the knife.
The negotiations between the two are naturally rough and leafy. They are both economic leaders in the same party. It is impossible to negotiate on one condition and one condition in a regional manner. That is, the two men set the scope of cooperation, and then the subordinates draft some detailed rules, and then the two parties negotiate on the details one by one to finalize the cooperation plan. Then the two bosses personally review the cooperation plan and make the final decision.
Although this process is very fast, it took several days to complete.
For example, in the mobile phone cooperation case, Fan Wubing's mobile phone project research institutions are technically leading, especially in the research of baseband chips. After acquiring Intel's mobile phone chip research department, through the continuous franchise of domestic and foreign talents, as well as the digestion and absorption of similar technologies, a one-stop service for design and research has been formed. With the continuous improvement of production technology of chip factories put into production in China, baseband chips have been completely produced.
In this way, the most expensive part of the entire mobile phone project was successfully solved. The decline in cost made Samsung Group salivate. Lee Kun-hee hoped to obtain authorization for this part of the content, but how could Fan Wubing transfer this part of the content?
Everyone knows that the mobile phone market has not officially opened, and there are many times when making money in the future. There are currently not many companies in the world that have independent baseband chip research and production capabilities, and everyone is very concerned about their own one-acre and two-point land. He is not a fool, so how could he reveal this part of the secret?
Therefore, for several days, the two sides reached a complete chip provision agreement on mobile phone technology, so that Samsung's mobile phone costs could be reduced and they could compete in the international market.
As for cooperation in home appliances, Fan Wubing seems much more generous, saying that the two sides can cooperate deeply and work together in smart home appliances to create an international brand.
Chapter completed!