"The Central Committee sent me here this time not only to complete the official tasks, but also to express my gratitude to you, the heroes who have contributed to the stability of Hong Kong!"
Upon hearing this, Yang Fugui's eyes lit up.
"We...we've done something good?"
Their initial idea was to prevent Hong Kong's economy from being affected by the Southeast Asian financial crisis, regardless of the consequences, and to avoid making mistakes rather than achieve anything significant.
Unexpectedly, the central government has now praised them. Yang Fugui, disregarding his image, smiled warmly and said, "We were just doing our job."
"We are truly gratified that the central government can recognize our contributions!"
Yang Fugui was a man with an insatiable thirst for officialdom. With Hong Kong about to be returned to China, he had long regarded the mainland as the next piece of land to be cultivated.
Seeing this, he was one step closer to his goal, so he was genuinely happy.
“The central government has allocated HK$5 billion to us this time, which is like a timely rain after a long drought.” Du Xingzhi exclaimed, “Although the financial and monetary market in Hong Kong is booming, there is also a huge shortage of Hong Kong dollars.”
"People are optimistic about the future market value of the Hong Kong dollar, so many people are holding onto their money tightly and are unwilling to put their Hong Kong dollars on the market."
"As the gap keeps widening, we don't know what to do."
When the topic turned to work, Meng Qing's expression turned serious, and he said solemnly, "Soros and his group, along with the private equity funds behind him, acquired a large amount of Hong Kong dollars in a short period of time, which drove up the value of the Hong Kong dollar."
"This did indeed mitigate the negative impact of the Southeast Asian financial crisis to some extent. However, the currency shortage would certainly affect the lives of Hong Kong citizens. The central government also took this factor into consideration, which is why it directly allocated Hong Kong dollars from China Savings Bank instead of US dollars to support the market."
"President Du, the central government has considered this very carefully. We are worried that if too much Hong Kong dollar is allocated, it will dilute the value of the Hong Kong dollar and cause market chaos."
“That’s why only HK$5 billion has been allocated this time,” Meng Qing smiled at Du Xingzhi and Yang Fugui, and then said, “Don’t think it’s too little money.”
“How could that be? Don’t worry, we understand the central government’s intentions.” Yang Fugui quickly interjected, “We are not seeking a booming Hong Kong dollar market right now. Our only task at this stage is to maintain stability.”
......
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