Chapter 523: Slap in the Face and Cooperation

On the 15th of September, the Hong Kong Monetary Authority received the long-awaited response from Fan Wubing, saying that things were too busy and would not go through. As for Hong Kong matters, they have been properly handled.

The Hong Kong Monetary Authority was a little confused. They didn't know what Fan Wubing meant by his confusing words. When they wanted to inquire further, Fan Wubing could no longer find anyone.

While they were hesitating, major changes occurred in the market. Large amounts of hot money began to leave the market, and tens of billions of dollars of funds that had been attacking the Hong Kong dollar exchange rate began to withdraw from the battlefield in an orderly manner.

This situation made the Hong Kong Monetary Authority very surprised. They didn’t know what changes had happened to the other party to make such a big change. However, they had seized this opportunity. Since the enemy had no intention of fighting, they would now beat the fallen dog hard. What a great opportunity.

So the Hong Kong Monetary Authority began to adjust its policies, hoping to take a few bites of this huge amount of hot money and let them understand that the SAR government is not easy to mess with.

However, the opposition from the other party seemed to be very strong. Now after the Hong Kong Monetary Authority pursued and blocked it, it seemed a little angry, and turned around and suppressed it severely. The exchange rate immediately dropped a lot, and the officials of the Authority were sent to the police. Shocked.

However, it seems that the other party has no self-interest, and just wants to teach the Financial Management Bureau a lesson for rashly taking action. After a brief entanglement, he quickly took a stand. The remaining idle funds and follow-up orders seemed to be a bit advanced and retreated at this time. We lost control and didn't know what happened.

How could the Hong Kong Monetary Authority, which had not regained its dignity from Suo's Quantum Fund, let go of this opportunity? It immediately gave a harsh lesson to these small groups who dared to challenge the dignity of the Hong Kong government. The wind changed drastically in one day. These plans to follow the trend were After eight lifetimes of bad luck, he simply lost his armor and was defeated, becoming Soros's scapegoat.

In the end, the Hong Kong Monetary Authority announced in a high-profile manner that this time the SAR government had calmly arranged the situation, the Monetary Authority was far-sighted, and the Financial Secretary was able to control the situation. Finally, the enemies of the future were expelled and the Hong Kong dollar exchange rate was stabilized. This was a great victory.

No matter how the Hong Kong Monetary Authority brags and pretends to be 13, some people know what is going on, especially Soros's subordinates who withdrew from the foreign exchange market. Therefore, the Hong Kong stock market fell in one day. Earth-shaking changes have taken place.

the next day. The Hang Seng Index started to turn green from the opening. The unilateral downward trend continued until it closed at noon, down more than 1,300 points. Never looked back all the way.

I feel anxious at home. I think this is the time when another serious stock market crash is coming. Opening in the afternoon. Before everyone could react. The Hang Seng Index actually started to rise unilaterally again and steadily stopped at the opening position. The trend of the whole sky formed a big V shape.

The faces of all the senior executives of the Hong Kong Monetary Authority turned green. They did not expect such a result.

At this time, I was reminded of Fan Wubing's previous attitude. Everyone felt that there must be some inside story and quickly contacted the central government. If we don't understand this matter, we won't be able to sleep well. But this way. Those words that were blown out yesterday. But it was a bit of a slap in the face. But the matter is urgent. But he couldn’t care less.

Although the central government has no spare capacity to support the SAR government. But we are always paying attention to the situation over there. After hearing their request for assistance. I feel a little weird. Logically speaking, Fan Wubing wouldn't just sit idly by? Why do they all say that Fan Wubing ignores them?

So Boss Zhu personally called Fan Wubing. Ask him what's going on.

"Oh, this matter actually has some inside story -" Fan Wubing understood what was going on after hearing this.

Originally, he also had a lot of investments in the Hong Kong stock market. This time, because he wanted to raise part of the funds to speculate on the Korean and Japanese stock markets with Soros, he cashed out part of the Hong Kong stocks. Therefore, traders in Hong Kong and Soros' traders We've all made an appointment, and we'll all move together.

But because Soros' funds began to withdraw from the foreign exchange market the day before, the Hong Kong Monetary Authority got a little carried away and said a lot of irrelevant things, which made Soros's traders feel very annoyed, so they talked to Fan Wubing's people After some discussion, the partners manipulated the Hang Seng Index to embarrass them.

Fan Wubing's men thought it was profitable, so they reported to Fan Wubing and said that they could consider this matter.

Fan Wubing thought about it for a moment and realized that he would get a lot of profits from this. It had been laid out for so long anyway, so there was no harm in hyping it up. Anyway, the stock index throughout the day would eventually remain balanced, as long as the stock investors stayed calm. There are no risks. If you are a professional speculator, just ask for your blessings.

So there was such a weird trend, which can be regarded as adding a weird landscape to the history of the Hang Seng Index, at least

It will become an anecdote that countless people talk about.

"What you're doing is really a joke." After hearing this, Boss Zhu felt a little bit dumbfounded. He didn't expect that the Hong Kong Monetary Authority's nonsense would lead to the failure of these financial giants who had originally planned to quit and quietly evacuate. Before taking action, it can be seen that a person must be kind. If he goes too far, he will eventually be retaliated against.

After a pause, Boss Zhu asked, "Where are you now?"

"I'm still in Korea, resting for a few days. The scenery of Jeju Island here is pretty good. I'll go back after enjoying the sea breeze for a few days. Anyway, there's nothing important in China, and there are some business to discuss here." Fan Wubing replied.

This time, he and Lee Kun-hee met, and the two reached some consensus.

Since Fan Wubing clearly expressed that he would not relax his control over the domestic market, under the current conditions, it would be very difficult for Lee Kun-hee's Samsung Group to enter the mainland market in a big way, especially since Fan Wubing's companies are too powerful in research, production and marketing. Samsung Group has no advantage at all in seizing the market recently, so he gave up this unrealistic idea and turned to seek more practical ways of cooperation.

Lee Kun-hee's current most desired development is still the home appliance industry, which is the products with neither high nor low technical content such as refrigerators, televisions and washing machines. Samsung currently has its own research institute, and has invested a lot of money, manpower and material resources, and has also achieved some achievements. Its research in home appliances can be regarded as relatively advanced, but there are still some problems in design concepts and strategic decision-making, so it has not made great strides to catch up with the international advanced level, and then occupy a relatively large share in the international market.

However, the appearance of Fan Wubing broke his original idea. Just by looking at the design of the new refrigerator launched by Fan Wubing's company, Lee Kun-hee felt that he seemed to be out of date and could not keep up with the development of this era.

Therefore, Lee Kun-hee emphasized this point in the internal high-level meeting, believing that Samsung still needs to change, and all senior executives cannot stop learning, otherwise they will only end up being eliminated, especially taking the refrigerators produced by the companies under Fan's Investment Group as an example to explain why they can kill into the Korean market and succeed?

Originally, Fan Wubing wanted to return to China, but because he wanted to discuss cooperation with Lee Kun-hee on mobile phone and LCD projects, as well as some technical exchanges between the two sides in home appliances, he stayed.

The most critical problem is that his executives are basically busy in China, either busy with company affairs or going to disaster relief. Now there is a shortage of people and horses, so he has to go into battle bare-handed and do it himself.

The negotiations between the two were naturally rough and rough. Both of them are economic leaders in one side, and it is impossible to negotiate one condition at a time. That is, the two defined the scope of cooperation, and then the subordinates drafted some details, and then the two sides negotiated on the details one by one, finalized the cooperation plan, and then the two bosses personally reviewed the cooperation plan and finalized it.

Although this process was quick, it took several days to complete.

For example, in the mobile phone cooperation case, Fan Wubing's mobile phone project research organization is technologically advanced, especially in baseband chip research. After acquiring InTeLL's mobile phone chip research department, after continuous joining of domestic and foreign talents, and digestion and absorption of similar technologies, it has now formed a one-stop service of design, research and production. With the continuous improvement of production technology of chip factories put into production in China, baseband chips are completely self-produced.

In this way, the most expensive part of the entire mobile phone project has been successfully solved. The cost reduction makes Samsung Group salivate. Lee Kun-hee hopes to obtain authorization for this part of the content, but how can Fan Wubing transfer this part of the content?

Everyone knows that the mobile phone market has not yet officially opened, and there will be many opportunities to make money in the future. There are not many companies in the world with independent baseband chip research and production capabilities, and everyone is very tight on their own land. He is not a fool, how could he leak this part of the secret?

Therefore, the two sides spent several days in the process of reaching an agreement on the provision of complete chips in terms of mobile phone technology, which allowed Samsung to reduce the cost of mobile phones and compete in the international market.

As for the cooperation in home appliances, Fan Wubing was much more generous, saying that the two sides could deepen cooperation, work together in smart home appliances, and create an international brand.

When Fan Wubing returned to Changping, the flood control in several provinces in the south of the Yangtze River had reached the most critical moment.

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