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Chapter 771

"No... I can't do it anymore, Xiao Hao, this... this is the first time. If this continues, my sister will die in front of you..." Zhao Yuqin lay naked in Zhou Hao's arms, unable to even speak.

It was as if someone had given anesthesia all over his body and he couldn't even move a finger.

Zhou Hao gently stroked Zhao Yuqin's pink skin, with a lingering look on his face. He didn't see anyone for the past two days, and just stayed with Zhao Yuqin alone for two days. They were there

In this unit, you and I are at odds with each other.

I have never said anything. Fortunately, the property management company of this "Arc de Triomphe" has very considerate services. They are basically on par with serviced apartments. Just make a phone call and they can provide you with everything from fresh fish, meat, eggs, dishes to ready-made meals.

Delivered within a short period of time.

Zhao Yuqin also thoroughly enjoyed the world of two people with Zhou Hao. The only disadvantage was that Zhou Hao's physique was so terrible that he could almost sleeplessly do the things between men and women without any signs of fatigue. On the contrary, Zhao Yuqin, who often

They were all tortured by him until they were all weak, and finally ended up begging for mercy and surrendering.

Just like now, while her whole body was soft, the numb feeling in her lower body spread out like ripples, making her tremble. Sometimes her body would complain about why she couldn't be uglier.

, in that case Zhou Hao would not be so interested in him, and he could take a rest.

But she also thought that if Zhou Hao really lost interest in her, then she would have no interest in life anymore. With this thought, she had no choice but to grit her teeth and bear Zhou Hao's impact, and in the end she had to lose completely.

Even now, Zhou Hao is still very attached to rubbing Zhao Yuqin's armpits, licking her fragrant sweat like nectar and jade liquid, and smelling her refreshing fragrance.

"It's really not possible, Xiaohao, please let my sister go." Zhao Yuqin couldn't bear the love and could not resist, so she could only beg for mercy: "Or... or I let Su Lin or Xueyun come over, you, you just let me go.

Let’s live with my sister.”

"Huh huh huh huh... Sister, you are not doing the right thing." Zhou Hao kissed her cheek: "Who would push their husband out? Is there a woman like you?"

Zhao Yuqin said with a sad face: "But no one can be as terrible as you, who can make people unable to get out of bed."

Zhou Hao snorted twice and stopped talking. He still held Zhao Yuqin and stroked her pink back, but stopped teasing her. After all, he also knew that he had tortured Zhao Yuqin enough in the past two days. However,

It's also because Zhao Yuqin is so beautiful that Zhou Hao can't help but seek love.

"By the way, Chief Dong and Director Zeng seem to have asked you to go to the Monetary Authority with them tomorrow. Haha, you, the commander-in-chief, have to do something." Zhao Yuqin huddled in Zhou Hao's arms and said, "I'll follow you.

You said, you can't refuse anymore tomorrow, but you can't ignore serious things for the sake of my sister. This is a national matter, and it's a shame that you look so indifferent."

Zhou Hao rubbed Zhao Yuqin's forehead: "National affairs are not as important as my sister."

"I hate it, I'm telling you something serious." Zhao Yuqin said coquettishly, but her heart felt sweet.

If someone else had said such sweet words, Zhao Yuqin would have ignored them, but when it came from Zhou Hao's mouth, she would be like a cardamom girl who fell in love for the first time and couldn't help herself.

"What did Chief Executive Dong and the others come to see you for? To discuss countermeasures against Soros and others?" Zhao Yuqin asked while drawing circles with her fingers in Zhou Hao's arms.

Zhou Hao said: "Maybe, who knows."

"Soros and the others have been selling Hong Kong dollars these days. It's a pity that they bought so many Hong Kong dollars before. They clearly had a plan to take advantage of Hong Kong." Zhao Yuqin said.

"Who says it's not, but the Hong Kong government will follow whatever they sell in the past few days. Although it has some influence on the stock market, the exchange rate of the Hong Kong dollar is very stable, and Soros and the others have no way of taking action." Zhou Hao said: "But it has some influence on the stock market.

I think they will definitely not be that simple, otherwise they would not be the 'crocodiles' and 'tigers' in the financial world."

Zhao Yuqin asked curiously: "Are they secretly doing something to trick the Hong Kong government into plotting against Chen Cang?"

"It's not impossible." Zhou Hao said: "I suspect that they have been attacking the currency door for a long time to no avail, so they started to think about other things."

The next day, Zhou Hao came to the Hong Kong Monetary Authority as invited by Chief Executive Dong and Zeng Yingquan, and even Zhao Yuqin was dragged by him.

"Ms. Zhao, we haven't seen you for a long time. Why didn't you tell us when you came to Hong Kong? So that we can fulfill our friendship as landlords." Seeing Zhao Yuqin and Zhou Hao coming together, Chief Executive Dong quickly went up to say hello with a smile.

When Hong Kong returned to China, Chief Executive Dong and Zeng Yingquan and other senior Hong Kong officials met Zhao Yuqin at a dinner to celebrate the return. I still remember that there were countless young talents from Hong Kong surrounding Zhao Yuqin that day, but they could never get the princess.

To please Ms. Zhao, several nephews of Chief Executive Dong all beat their backs and stamped their feet for this, and even swore that they would not marry anyone other than Ms. Zhao.

Facing Chief Executive Dong and Zeng Yingquan, Zhao Yuqin also greeted him generously and decently. At the same time, he greeted Qin Donghai and Bai Zhengnan, the two central bank governors. Of course, Qin and Bai knew Zhao Yuqin, and they treated him like a brother and sister when they met in Beijing.

"Chief Executive Dong, Uncle Quan, is there any change on Soros' side?" Zhou Hao asked straight to the point.

Zeng Yingquan said: "It's precisely because they didn't move that we felt strange."

Qin Donghai nodded and said with deep understanding: "We all know that none of those guys are good people. After fighting with us for such a long time, they will definitely not give up so easily. We must know that financial hedging

The most taboo thing about this thing is that the funds are tied up in the same place and cannot flow flexibly. Especially since we have strong backing, Soros and the others should not fight a long-term war with us. This is clearly using our own shortcomings to attack the enemy.

Long is a taboo in the art of war."

"On the other hand, from this financial war, we have also seen that Hong Kong's linked exchange rate system is not as unbreakable as we thought." Chief Executive Dong said worriedly: "Several experts here have conducted research on this.

Analysis, so we want to ask your opinion."

Zhou Hao noticed that there were several other scholars who looked like people present. They must be the experts that Dong Te first mentioned. And these top experts who knew that they were rich and knowledgeable at a glance were also looking at Zhou Hao with curious eyes. From what they saw just now,

When Zhou Hao came in, they looked surprised. They did not expect that the person who could attract such attention from Chief Executive Dong, Zeng Yingquan and Qin Bai, the two central bank governors, was actually a young man who looked to be in his early twenties.

Perhaps people who are engaged in learning are more or less arrogant, especially those who have outstanding achievements in a certain field, and they are even more critical when looking at others. They may be said to be arrogant or stubborn or pedantic. In short, if

Without real materials, you will never get their respect.

Zhou Hao knew very well that he could not show his timidity in front of these scholars and experts, but had to use real materials to show them his strength. Otherwise, this would not only be Zhou Hao's personal honor and disgrace, but also make Zhou Hao, a "consultant" with a transcendent status, no longer have any prestige.

It can be said that it will embarrass the Zhao family and even the two people who support him, the Chairman and Prime Minister.

After thinking about it, Zhou Hao said: "It is true that after this battle, no matter whether we win or lose, the linked exchange rate system between the Hong Kong dollar and the US dollar has exposed its own weaknesses. We all know that Hong Kong's exchange rate

The system adopts a linked exchange rate system, which is a form of currency board system, and this is

When a country or region wants to issue a certain amount of local currency, the currency must be supported by foreign currencies of equal value before it can be issued. Taking Hong Kong as an example, the Hong Kong Monetary Authority stipulates that one US dollar is exchanged for 7.8 Hong Kong dollars. Correspondingly, each

The issuance of 7.8 Hong Kong dollars must be backed by one US dollar of foreign exchange reserves.

When Hong Kong's three note-issuing banks, HSBC, Standard Chartered and Bank of China, issue currency, they must deliver U.S. dollars to the Monetary Authority in exchange for certificates of indebtedness based on the exchange rate of one U.S. dollar to 7.8 Hong Kong dollars as a guarantee for the issuance of currency. At the same time, the Monetary Authority also

It is necessary to ensure to the banking system that the Hong Kong dollars held in the settlement accounts of all banks with the Hong Kong Monetary Authority are freely convertible at a level of 7.8 US dollars per US dollar."

Chief Executive Dong and Zeng Ying both nodded, while one of the experts over there raised his glasses and said noncommittally: "Well, these are all well-known things."

I also heard Zhou Hao say: "The linked exchange rate system has contributed most to Hong Kong's monetary stability for more than ten years, but this system also has inherent flaws. Although the cash in circulation in Hong Kong is backed by 100% US dollar foreign exchange reserves, bank deposits are

Not so. The Hong Kong Monetary Authority only allows note-issuing banks to issue HK$7.8 banknotes after receiving a one-dollar pledge. On this basis

On top of the base currency, banks can create deposits at multiples through credit. In 1997, Hong Kong's circulating cash plus various deposits totaled more than HK$1.7 trillion, while the amount of foreign exchange reserves converted into Hong Kong dollars was less than

700 billion. Obviously, if Hong Kong people lose confidence in the Hong Kong dollar and demand to convert their Hong Kong dollars into US dollars, the linked exchange rate system cannot be maintained.

Moreover, when facing a real crisis, due to the mechanism designed by the linked exchange rate system, the interest rate in the inter-bank lending market will soar, and the currency operation board system will also be difficult to perform its automatic arbitrage function in times of crisis. Although the Hong Kong Monetary Authority stipulates that banks can

It lends Hong Kong dollars at an exchange rate of 7.8 Hong Kong dollars per US dollar, but this mainly

Limited to three note-issuing banks. It is difficult for even note-issuing banks to borrow Hong Kong dollars from the HKMA through the discount window frequently and on a large scale to avoid being warned by the HKMA with interest penalties. For other non-note-issuing banks, the interbank lending market is close to

Due to paralysis, the entire financial system will be difficult to operate, and the stock market will also face the risk of a sharp decline."

Finally, Zhou Hao breathed a sigh of relief: "Soros and the others saw this and launched a massive attack on Hong Kong."


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