A week later.
Just when many immigrants in Hong Kong chose to exchange foreign currency at high prices.
A piece of news instantly occupied the front pages of major media in Hong Kong.
The Hong Kong government announced that it would stop the free floating of the British pound and instead peg it to the US dollar.
And adopt a fixed exchange rate system called the linked exchange rate system.
It is to fix the exchange rate between the Hong Kong dollar and the US dollar.
Strictly follow the established exchange rate.
Ensure that the issuance of Hong Kong dollars and foreign exchange reserves of rice and gold are within a normal range.
The Hong Kong Monetary Authority issued a statement shortly afterwards.
All authorized note-issuing banks in Hong Kong will exchange gold coins for 7.8 Hong Kong dollars to all Hong Kong citizens at the exchange rate of 1 gold coin.
This moment made countless immigrants in Hong Kong ecstatic.
Many people took their Hong Kong dollars to HSBC and Standard Chartered Bank to exchange them, which gradually caused the value of the Hong Kong dollar to recover.
Chen Yaoting and his son, who just received visas to the United States from the Office of Human Affairs.
After hearing the news, they almost fainted.
Then there was a surge of anger with nowhere to vent.
If the exchange rate is 1 meter gold to 7.8 Hong Kong dollars.
750 million Hong Kong dollars can be exchanged for nearly 100 million gold, which means a loss of nearly 50 million gold.
How can this not make people angry?
In an instant, the hatred for Mo Zhexuan surged like the Yellow River.
The original plan was to retaliate.
But when I thought about the relationship between the other party and Li Guowei.
I just chose to swallow my anger and bear it.
However, before going to the United States, the two found a reporter from Oriental Daily and exposed the incident in tears.
The reporter from Oriental Daily realized that if it was true, it would definitely become a hot news topic.
Immediately investigate Mo Zhexuan's background through paparazzi and other means.
In the end, it was discovered that everything was just as Chen Yaoting and his son said.
The news was instantly published on the front page of the next issue.
Titled “Profiteers of the Hong Kong Dollar Crisis,” the article states:
"A week ago, Mr. Chen Yaoting, the former chairman of Guanghui Textile Co., Ltd., sold all his assets in Hong Kong and decided to immigrate to the United States."
"I exchanged my HK$650 million, the Repulse Bay mansion at 33, and several luxury cars, totaling over HK$750 million worth of assets, for 50 million in cash with one person. The estimated loss is 50 million in cash."
"According to Mr. Chen Yaoting himself, as a landlord who had fled China, he was extremely worried about the future of Hong Kong, fearing his capital would be taken away again. So, he decided to immigrate to the United States. It just so happened that other foreign banks in Hong Kong had suspended their Hong Kong dollar exchange services."
"So I took a risk and thought of exchanging it with a private individual. After asking around, I learned that some of the depositors at Hang Seng Bank had a large amount of rice and gold, and that's when I started thinking about exchanging it."
"After contacting the depositor's agent, we found that the other party did not refuse. After a brief conversation, we reached an agreement to exchange 1 meter of gold for 15 Hong Kong dollars."
"Finally, at the Hang Seng Bank headquarters, Chen Yaoting's son, Chen Jinhui, signed the transaction agreement with the depositor. However, within a week, the situation changed drastically. The Hong Kong government announced an exchange rate of 1 gold coin to 7.8 Hong Kong dollars, which would make Mr. Chen Yaoting regret it deeply. He lost 50 million gold coins."
"We have also thoroughly investigated the depositor's information, and I believe it will surprise everyone."
"Mr. Mo Zhexuan, male, was born in 1963. He was born into a well-off family. His parents, Mo Minghua and his mother, An Qiuyue, run a braised food shop in the temporary market on Haiphong Road in Tsim Sha Tsui. I heard that the business is very good."
"On July 15th of this year, Mo Minghua and An Qiuyue were tragically killed in a typhoon while visiting relatives in Malaysia. Mo Zhexuan, who had just been admitted to Hong Kong University, chose to drop out and return to his parents' career."
"With his secret family recipe for braised food, he instantly won the hearts of countless customers, but also attracted the attention of a certain company. According to Mo Zhexuan's neighbors, this company is the current leader in the Chinese food market, Maxim's."
"Liu Fu, the purchasing manager of Maxim's, offered 500,000 Hong Kong dollars to acquire Mr. Mo Zhexuan's secret braised food recipe, but was naturally rejected. In the end, he tried to buy it through trickery."
"But Mr. Mo Zhexuan was very stubborn. He would rather close the Zhenluwei store than compromise. In the end, he used all his family assets, over 2 million Hong Kong dollars, to invest in stocks."
"According to Li Hanliang, a broker at Hang Seng Securities, as the top-performing broker at the time, he was a bit proud, so he didn't win Mo Zhexuan's favor and became his broker."
"But what I didn't expect was that the other party actually chose to short the Carrian Group with HK$2 million, and even did so with 20 times leverage."
"He was stunned at the time, thinking there were such fools in the world. But he never expected the result to be so unexpected. There really was something wrong with the Jianing Group."
"When the shares of the Jianing Group became worthless, Mr. Mo Zhexuan instantly made a fortune, earning an astonishing figure of over 40 million Hong Kong dollars."
"Then he founded Fragrant Duck, a now-famous food company in Hong Kong. It now has 15 branches across Hong Kong. It's said that each store's daily sales are a staggering 100,000 Hong Kong dollars or more."
"As for where Mr. Mo Zhexuan got his 50 million Hong Kong dollars, our reporters have conducted inquiries and investigations and discovered that he borrowed 300 million Hong Kong dollars from Hang Seng Bank and then exchanged the money at various foreign banks in Hong Kong."
"When we got this news, everyone at the newspaper was stunned. What did it mean? It meant that the other party might have anticipated the Hong Kong dollar crisis."
"At just 19, he's already earned hundreds of millions. Mr. Mo Zhexuan could definitely be called the King of Finance. Think about what everyone else is doing at that age."
“...........................”
The report of Oriental Daily News was like a whirlwind that instantly stunned countless people in Hong Kong.
Everyone became curious about Mo Zhexuan and wanted to know how he had earned hundreds of millions of Hong Kong dollars at the age of 19.
Afterwards, reporters from major news media in Hong Kong were in an uproar, and they all dug deep into everything about Mo Zhexuan.
When I found out that the recently popular "Three Minutes of Heat" was also Mo Zhexuan's industry, I was even more impressed.
The first few issues of "Three Minutes of Heat" also saw a surge in sales.
Countless people in Hong Kong rushed to buy the articles, wanting to see whether the content of these articles was Mo Zhexuan's own opinion.
Mo Zhexuan became completely famous in Hong Kong and became a genius in the eyes of countless people in Hong Kong.
Even Guan Jiahui was dug out by the omnipresent media reporters, making a bunch of young girls in Hong Kong envious.
After all, such a diamond bachelor is hard to come by.
But this also means that Mo Zhexuan will no longer have any private space and will be exposed under the spotlight of media reporters and the public.
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