In the third month after Hong Kong's return, with the efforts of the Hong Kong government and the strong support of public opinion, the Hong Kong government's Lifa Bureau finally passed relevant policies to strengthen financial supervision, which is scheduled to take effect next month.

Relevant policies and regulations have imposed certain restrictions and management on financial speculation, bank lending, foreign exchange entry and exit, etc. Especially for the stock market, foreign exchange market, and futures market transactions, we have strengthened supervision to prevent illegal acts such as head-on accounts, self-buying and self-selling, and malicious short selling.

The process of formulating this policy is thrilling and full of twists and turns. The Lifa Bureau, the media, public opinion, Hong Kong government officials, foreign businessmen, bankers, international hot money... So many forces are constantly launching a tug-of-war because of this policy.

In order to protect their own interests, they also used various means to spread rumors, slander, tempt, seduce, blackmail, deception, discord, counter-espionage... almost called a mini spy war.

Although they were full of wisdom and tried every means to obstruct the approval of this policy, the Hong Kong government finally withstood the pressure and successfully passed the approval of the relevant policies.

The introduction of these policies is definitely a huge bad news for international hot money that is accustomed to taking advantage of tricks, for speculators who are accustomed to making trouble, and for those two-faced guys who are stingy outside.

Because once the Hong Kong government strengthens financial supervision, their profit margin will be greatly reduced, and the difficulty of making profits will also increase exponentially, which will greatly harm their interests.

Fortunately, this policy was not implemented immediately, but will not be implemented until next month.

Therefore, many international hot money, speculators and both sides rushed to withdraw from Hong Kong before the policy was implemented. Major banks in Hong Kong were also forced to seek loans from hot money in advance because of the Hong Kong government's strengthening financial supervision.

The Hong Kong dollars sold by hot money are all loaned from Hong Kong banks. They have many channels to lend far more Hong Kong dollars than ordinary people and sell them in the international market, causing turmoil in the Hong Kong dollar exchange rate.

Once the Hong Kong government uses foreign exchange reserves to save the Hong Kong dollar, they will take the opportunity to convert the Hong Kong dollar into US dollars and other foreign exchange. When the Hong Kong government's foreign exchange reserves are used up, they have to announce the reduction of the Hong Kong dollar exchange rate. At that time, they will exchange the foreign exchange in their hands into Hong Kong dollars, return it to the bank, and pay another interest.

Because the exchange rates before and after the Hong Kong dollar are different, through the exchange rate difference, these hot money can make a lot of money. The losses are naturally the interests of the Hong Kong government and the people.

As for banks, they actually did not suffer much loss. Instead, they obtained generous interest returns because of loans. Therefore, banks are the "weapon suppliers" of financial speculators. The more active the financial speculators are, the more money they make.

Now the Hong Kong government has introduced financial regulatory policies to review bank loans. In this way, the banking industry can no longer stay out of the matter. In order to deal with supervision, they must let hot money repay the loans as soon as possible.

In this way, hot money will have no time to wait for the Hong Kong government to use foreign exchange reserves to buy the Hong Kong dollars in their hands. They must hurry up and repay the loan, otherwise it will cause credit stains and financing will be more difficult at that time.

Therefore, they could only recover the Hong Kong dollars sold in the foreign exchange market and return them to the bank, and at the same time they had to pay a considerable amount of interest. It can be said that they lost their wife and their soldiers.

...

The policy formulated by the Hong Kong government to strengthen financial supervision has not been officially implemented, the number of Hong Kong dollars sold internationally has declined significantly, and the pressure faced by the Hong Kong dollar exchange rate has also been greatly reduced. The Hong Kong dollar exchange rate crisis has basically been lifted.

When the news came, the people were filled with joy.

Before, it was because of the Hong Kong dollar exchange rate crisis that Hong Kong trade shrank sharply, which aggravated the Hong Kong economic crisis. Now that the Hong Kong dollar exchange rate crisis has been lifted, Hong Kong trade will inevitably recover again. In this way, Hong Kong's economy will be saved.

After the trade recovery, it will drive the economic development of various industries, and the development of various industries will provide more jobs. In this way, the unemployed people will find jobs again. Companies that previously reduced wages and benefits will now increase wages and increase benefits to retain employees.

In this way, people's lives can be greatly improved, and the hard days after more than a year are finally coming to an end. This naturally makes Hong Kong people extremely happy.

...

However, for the Hong Kong government, eliminating the Hong Kong dollar exchange rate crisis is only the first step to revitalizing the Hong Kong economy.

Although the Hong Kong dollar exchange rate crisis has been lifted, strengthening financial supervision has also discouraged external investment and affected normal trade.

Without external investment, Hong Kong's economy will still not be able to revitalize. Moreover, if trade does not develop, Hong Kong's economy will not be better. Therefore, it is still quite difficult to revitalize Hong Kong's economy.

At this time, in order to revitalize Hong Kong's economy, the Hong Kong government launched the "Cyberport" plan.

The Cyberport Plan is a funded by the Hong Kong government to build a science and technology park, welcome high-tech companies from Hong Kong and even the world to move in, and strive to make Hong Kong a high-tech development zone like Silicon Valley in the United States and Hsinchu Science and Technology Park in Taiwan.

This plan is quite in line with Hong Kong's development needs.

On the one hand, the development of high-tech, especially the Internet, has a high demand for funds and talents. Hong Kong does not lack funds or talents.

Hong Kong's scientific research level is actually very good. The "fiber" technology that will change the world's Internet communications in the future was developed by Mr. Gao Kun, president of the Chinese University of Hong Kong. He also won the Nobel Prize in Physics for this.

In addition, talkbox, the predecessor of Weixin, was also developed by Guo Bingxin from Hong Kong. He is also the prototype of Guo Xinnian, the protagonist of last year's popular drama "Entrepreneurship Age".

As for Hong Kong, the funds are more sufficient. The reason why domestic companies go public in Hong Kong is that they have a high degree of funds, which makes it easier for them to raise funds.

Moreover, in the 1990s, the GDP of a city in Hong Kong accounted for one fifth of the GDP of the mainland, and its economic level was far higher than that of inland cities. Therefore, it is also very suitable to develop Internet companies with relatively high demand for capital.

On the one hand, the high-tech technology related to the Internet creates high profits, but at the same time causes little pollution. For example, manufacturing will also produce waste gas, waste, wastewater, etc., which will cause harm to the environment. However, the Internet industry has no similar disadvantages and will hardly cause any pollution.

Moreover, they will create huge profits. China's Ali Barba has successfully changed the shopping habits of a generation, created tens of millions of jobs, and the wealth it creates every year is incalculable.

Google and Faebook in the United States have annual revenue of more than 100 billion US dollars, and can also drive the development of upstream and downstream industries.
Chapter completed!