Chapter 2484 Factors
The boss sat in the main seat and listened patiently to Li Zhongxin for a long time, and he knew very well.
Because he felt that what Li Zhongxin talked about at this meeting was just one point. The Southeast Asian crisis at this time was no threat to China, and the economic crisis should continue to develop.
The boss suddenly felt that the people below would not ask questions about Hong Kong, so he just left the question.
According to the ideas of the following people, before Hong Kong returned to China, it was the four little dragons in Asia, with huge potential for economic development. After returning to the motherland, there was a giant China behind it. No matter where we looked, there should be no Hong Kong.
What's the problem? Therefore, these people unanimously agree that no matter how fierce the Southeast Asia is, it will not affect China.
The most important thing is that they are all people of their age. Even the youngest ones must be their father who is better than Li Zhongxin. Let them humbly ask a young man like Li Zhongxin for advice. They really don't want to, even if it is
Li Zhongxin said so many things at this meeting, and they would not take the initiative to mention such things, let alone Li Zhongxin has always said things ambiguously, so! The boss directly at this time
He started asking.
After Li Zhongxin savored what the boss said, he suddenly understood what the boss thought. He had told the boss many times before that there would be big problems in Hong Kong, and this time,
At the meeting, the boss first spoke briefly and said something, and the rest was the Q&A.
Although the people under the boss were not very repulsive to him at this time, if they wanted them to ask questions about Hong Kong, these people would not do that. If they really did,
That proves that they are not as good as a young man like Li Zhongxin.
Li Zhongxin changed his mind many thoughts. He pondered for a moment and slowly answered: "Let me say this! Unlike Thailand's many economic and financial problems, Hong Kong's economic fundamentals are healthier.
Overall, Hong Kong has a complete market economy system and its economy is more dynamic. The four little dragons in Asia are not for nothing. In terms of economic strength, Hong Kong has surpassed many small countries.
In 1997, some people have calculated that the growth rate of Hong Kong's real GDP in the first half of the year reached 5.1%, and the proportion of fiscal surplus to GDP was 6.3%. Although inflation is high, it has declined for three consecutive years.
In terms of finance, Hong Kong's banking system has undergone the crisis of the 1980s, and its regulatory system has been continuously improved, and its capital adequacy ratio has increased. The comprehensive strength of the banking industry ranks among the top among Southeast Asian economies.
Hong Kong's linked exchange rate system has been stable since its implementation in 1983 and enjoys a good reputation internationally.
The linkage exchange rate pegs the Hong Kong dollar to the US dollar through the market arbitrage mechanism, and the exchange rate is fixed at 1 USD to 7.8 Hong Kong dollars, which plays an important role in stabilizing finance in a small open economy like Hong Kong.
In addition, Hong Kong also has US$100 billion in foreign exchange reserves, and at this time! It ranks among the top in the world."
At this time, Li Zhongxin did not directly answer the boss's questions, but instead talked about some data from Hong Kong at this time.
Most of these data are counted by foreign experts. Many data are not available to ordinary people at this time. People who can get such data must have quite a number of channels.
It is normal for Li Zhongxin and Masako Mitsui to set up banks and trading institutions in Hong Kong.
Before, when Li Zhongxin talked about the Hong Kong issue, he did not tell the big guys about data. He just told the big guys that after a serious financial crisis occurred in Hong Kong in Southeast Asia, an unusual situation would also occur.
The boss looked at Li Zhongxin suspiciously. He didn't understand. What did Li Zhongxin do to do with these things? This is a typical question and not answer.
He asked Li Zhongxin whether there would be a financial crisis in Hong Kong like Southeast Asia. What did Li Zhongxin do with so much data at this time?
Although the boss was a little dissatisfied with Li Zhongxin's nonsense, he still didn't say anything. He wanted to see what Li Zhongxin said later.
Li Zhongxin said the positive side of Hong Kong at this time, which means that there should be a turnaround in the future, as long as it is a turning point, it will be clear and clear.
After Li Zhongxin finished talking about the good side of Hong Kong, he swallowed his saliva and glanced at the conference table. After he relaxed a little, he continued to speak: "What about the data I just mentioned! I believe everyone should know,
What I want to say is that although Hong Kong is now very good, under the drag of the Southeast Asian financial crisis, if there is no major accident in Hong Kong, it will also appear with Southeast Asia.
The situation over there.
But! The premise is that the financial crisis in Southeast Asia continues to develop and the intervention of various countries has not met expectations.
If this financial meeting can reach an agreement and control the financial crisis, then there will be no financial crisis in Hong Kong.
In this matter, I only say two points. There are certain problems in the real estate market and stock market in Hong Kong. This matter is actually well known to everyone. First of all, Hong Kong will only be on July 1st.
After completing the return to the motherland, whether it is real estate or stock holders, their attitude towards Hong Kong is still unstable in mainland China. Once there is a financial crisis like Southeast Asia, then for the real estate in Hong Kong and
Stocks will have crises.
The real estate industry is a pillar industry of Hong Kong's economy. In 1997, the real estate industry contributed as much as 26.8%. Since Hong Kong's inflation rate has been high since the 1990s, residents often use real estate as a means to hedge inflation.
The large influx of foreign capital also helped boost housing prices in Hong Kong. From July 1995 to July 1997, Hong Kong's housing prices rose by an average of 80%.
Of course, there are also reasons for the rise in housing prices in mainland China. Before our China took over Hong Kong, many people began to make certain investments in Hong Kong. In other words, we also have the promotion of housing prices there.
Influenced.
Chapter completed!