Chapter 1490 Yin Jun Is Stupid?

September 24th, Saturday.

Compared with the panic and looting of supplies in Xiangjiang yesterday, the people today are much calmer.

At 7-11 and PARKnSHOP, although there are still many people going to buy things, overall the number of people is still more than half less than yesterday.

There are many people who believe in Yin Jun, believe in Li Chaoren, and believe in Governor Youde, but the people are always worried about putting their own safety on others.

So from around 6 o'clock yesterday afternoon, when the first batch of goods were put on the shelves of PARKnSHOP supermarkets and the temporary stalls outside 7-11 stores, they were all snapped up by people.

But it doesn’t matter. After waiting for half an hour at most, the second batch of goods arrived.

The third batch, the fourth batch... the time between the arrival of these goods became shorter and shorter. Even at 10 o'clock in the evening, the first batch of goods was not sold out, and the second batch of goods was already unloaded in the open space.

Watching the small trucks delivering the goods from the warehouse again and again, as if there was no end, many people in the queue remembered what they saw and said on TV, and simply left the queue.

Since you can buy it at any time, why wait in line for so many hours?

There are more and more people like this at night.

Gradually, around 12 o'clock, there were almost no people queuing up in all Parknshop supermarkets and 7-11.

However, there were still many people who came to buy some daily necessities after seeing that no one was queuing up.

But they won't buy too much, just enough for two or three days.

This continued until the morning of the next day. As other supermarkets also mobilized a lot of goods, PARKnSHOP directly wholesaled the extra goods to grocery stores, canteens, meat stalls, and fish stalls in various streets and alleys. Stalls and other places are full of supplies.

So people are not in a hurry to buy. Most people are ready to finish eating what they have at home first.

Seeing that a crisis that was likely to break out was resolved in just one day, countless people breathed a sigh of relief.

In particular, Governor Youde made a special call to Yin Jun to thank him for his efforts.

The young man was naturally very happy. Although too many supplies came in this time, which would definitely lead to unsalable sales, such a little waste was well worth it.

If chaos breaks out in Xiangjiang, how many tens or hundreds of millions will be lost?

I'm afraid there are billions!

Anyway, the Qilin Group's canteen consumption is so huge every day, and the warehouse and cold storage are large enough, so it can always be consumed in a month or two.

Even those things that are not easy to store, Yin Jun can distribute them as welfare to the workers of Qilin Group.

For example, Yin Jun only paid a little attention to these things and didn't pay attention to them.

Because there is more important news today.

That is to say, in the afternoon, news came from Huajing that the fourth negotiation between China and Britain had made no progress as the intelligence showed a few days ago.

The talks made no progress at all, which naturally dealt a huge psychological blow to the people of Hong Kong.

Although they have not panicked in terms of daily life due to the timely supply of materials, they are actually still psychologically uneasy.

What will happen in the future and what to do, most people in Xiangjiang don’t know.

Fear and uneasiness about the future is the most important reason why many middle-class people in Hong Kong continue to immigrate.

After this time's negotiations failed, there will definitely be another wave of immigrants.

But that's just the future. Now, in the past few days, there are immediate worries.

A recent concern is the Hong Kong dollar exchange rate, which has been very unstable recently.

If Hong Kong is stable, the value of the Hong Kong dollar will be stable. If Hong Kong is unstable, the value of the Hong Kong dollar will fluctuate. To put it bluntly, it will fall.

The negotiations ended on the 24th. Affected by market pessimism, the exchange rate of the Hong Kong dollar plummeted.

And it plummeted all the way.

It was only 8.5 today, and it reached 9.0 on the 25th. By the 26th, which is Monday, the Hong Kong dollar exchange rate fell to the lowest point in history - 9.6!

It takes 9.6 Hong Kong dollars to exchange for 1 US dollar.

More than 20 days ago, this number was only 7.3:1, and the exchange rate plummeted 30%!

In other words, if a person holds Hong Kong dollars, if he exchanges them in early September, he will lose more than 30% of his purchasing power if he exchanges them now.

How can ordinary people afford to lose 30% of their banknotes for no reason?

Not to mention ordinary people, even rich people can’t stand it!

Seeing the price changing every day, people became even more panicked.

People who had been exchanging Hong Kong dollars into US dollars suddenly accelerated their conversion rate.

This time, they did not go to the small banks with restrictions, but went directly to HSBC, Standard Chartered and Hang Seng Bank, which had no exchange restrictions.

The Bank of China is not without money, but they themselves need a large amount of U.S. dollars. Where can they exchange precious foreign exchange?

Therefore, Huaguo Bank did not act like a big bank this time, and it did not have the same aggressive momentum as it would have a few decades later.

When the three major banks saw this battle, it was a big deal.

From the time it opens at 9 o'clock, more than 300 million U.S. dollars will be exchanged in less than an hour! !

The people who come to exchange are not ordinary people, but the real middle class in Xiangjiang. They are all owners with hundreds of thousands or millions of dollars. When they use the funds from selling their houses and other assets some time ago to exchange In U.S. dollars, the amount of funds is very huge.

Shen Bi saw that this was not going to work. No matter how rich I am at HSBC, I can't help you running on me like this!

He immediately called the executives of Standard Chartered and Hang Seng Bank. After a conference call of more than ten minutes, the three parties reached a unified opinion.

At 10:30, the statements of the three banks were broadcast on the TV news.

"From now on, the purchase limit per person is 2,000-5,000 US dollars per day. Only three bank windows will be opened to handle this business. The exchange time will be the same as other businesses and will not be increased separately."

In addition to being shown on TV, this statement was immediately posted in the most conspicuous place in the bank.

Those who were waiting to exchange US dollars were stunned at first sight. Dozens of people lost control of their emotions and started making trouble. As a result, they were taken away by the police who came after hearing the news.

Okay.

In the past, only small banks would encounter such people, but today, the three major banks, HSBC, have encountered them, which is really shocking.

People who saw this scene on TV felt deeply desperate.

Can even HSBC not be able to hold on?

If they no longer have confidence in Xiangjiang, what should we do?

The market is more responsive to this.

By 12 noon, the Hong Kong dollar had fallen sharply again, reaching 9.88, almost breaking 10!

However, it was at this time that Kirin Group, HSBC and Heung Kong Commercial Bank jointly issued a statement.

"Mr. Yin Jun is convinced that Xiangjiang has a future, but today's Hong Kong dollar exchange rate is extremely abnormal. In order to express his support and confidence in Xiangjiang, from now on, Mr. Yin Jun will use all the US dollars in the group to Come out for everyone to redeem.

Kirin Group will entrust HSBC and Xiangjiang Commercial Bank to exchange a quota of 50 million U.S. dollars each day, with no limit on the amount of exchange per person, until all the U.S. dollars in hand are exchanged!

However, Mr. Yin Jun specifically told everyone that the abnormality of the Hong Kong dollar exchange rate is definitely not the norm. As long as some time passes, we believe that the government's financial management department will come up with reliable solutions to help the Hong Kong dollar exchange rate normalize! It is very uneconomical for everyone to exchange Hong Kong dollars for US dollars now. If you keep it in your hands, there will definitely be a turn for the better!

Please have more faith in Xiangjiang and take more care of our home! Don't ruin everything you create here because of inexplicable panic! "

Unlike the panic caused by the previous announcement, everyone was stunned when this announcement came out.

Oh, no.

It was they who thought Yin Jun was stupid.

In the past few days, some financial experts have mentioned that Yin Jun is the smartest person in the world.

Because the US dollars in Yin Jun's hands have exceeded 2 billion!

Yin Jun did not use the money to pay off debts, but kept it in the bank to prepare for various expenses at any time.

Now that the Hong Kong dollar has plummeted, the US dollars in Yin Jun's hands have actually appreciated in value.

This is equivalent to Yin Jun making hundreds of millions of dollars without moving!

But now, when the Hong Kong dollar exchange rate plummets and the US dollar exchange rate soars, Yin Jun actually does the opposite and exchanges valuable US dollars for Hong Kong dollars? !

This... shouldn't this mean that Yin Jun's brain is broken?

He really thinks that he is a genius, an invincible genius, so he dares to compete with this trend?

Everyone thinks Yin Jun is stupid, but few people believe what Yin Jun said, "The Hong Kong dollar will definitely return to normal levels."

No matter how optimistic people are, they no longer dare to believe in the Hong Kong dollar when they see the price of the Hong Kong dollar rising every day.

If it weren't for the shops on the street still accepting Hong Kong dollars, no one would be willing to keep even one cent of Hong Kong dollars.

But Yin Jun was lucky, he actually took out such precious US dollars and exchanged them for Hong Kong dollars.

Is this sacrificing oneself to benefit everyone?

I really don’t know whether to call him stupid, blind and arrogant, or pedantic!

No matter what everyone was thinking, the number of people queuing up at HSBC and Heung Kong Commercial Bank immediately doubled.

Although both banks have purchase restrictions, Yin Jun provided so much funds that at least tens of thousands of people could redeem them.

This is much stronger than other banks.

Moreover, in response to Yin Jun's move, both banks temporarily opened three additional currency exchange windows to facilitate their exchange of U.S. dollars.

People think pretty much the same thing.

The sooner you convert the Hong Kong dollars on your mobile phone into US dollars, the sooner you will stop the loss and the sooner you can save your family property.

As for Yin Jun’s loss?

Sorry, I can't even care about myself. How can I care about you, Mr. Jun?