Reborn in Hong Kong: The Tycoon Grows Up

Chapter 475 Chapter 473-1 War Debt

In the 1970s, the British economy experienced a strange phenomenon of stagnating development on the one hand and soaring prices on the other. This was called the "British disease." In order to treat the above-mentioned symptoms, the British government can only stabilize the domestic market by reducing national welfare expenditures.

Since the 1980s, in the face of excess liquidity, the United Kingdom has adopted a series of reforms aimed at improving economic efficiency. Not only did it not form a "bubble economy" similar to Japan, but on the contrary, it greatly improved both the British industry and the economy. The competitiveness of the financial industry has successfully revived the British economy, which has been declining since the oil crisis. More importantly, it has maintained London's world status as an old international financial center, providing a solid foundation for the British economy to surpass Western European countries after the 1990s. .

Of course, it is not long since the Iron Lady has just begun to implement her own governing agenda. It can be said that the country does not have much money to deal with this war that is beyond its reach. At present, the domestic economy is relatively sluggish, so according to past tradition, we will attack the colonies and collect funds from the colonies to replenish the country.

But now in the twentieth century, many British overseas colonies have become independent. It can be said that its influence in the world is declining. Otherwise, Argentina would not dare to attack the Falkland Islands.

Even the existing small colonies they did not dare to blatantly seize. After all, there were many interests involved behind each colony.

But now is the time of war, so we can't care so much. Through the military industry license, the British focused on Xiangjiang and Bao Zixuan. If you want to say who is the richest among the existing overseas colonies, then it must be Xiangjiang. At this time in the previous life, the economy of Xiangjiang was already very developed and it was known as the Four Asian Tigers.

That was without the Heiyun Group. The unexpected rise of Bao Zixuan in this generation made Hong Kong's economy grow even more quickly. It can be said that it is false to say that the British are unmoved when they see such high taxes in Xiangjiang every year. Just because of these treaty restrictions, they cannot dispose of Xiangjiang's assets at will, and the Chinese mainland is watching from the side, and no one dares to do it. Too much.

But when I think about the lack of improvement in the domestic economy, I can't care about that much. Since the assets cannot be used directly, then it can always be done by issuing war bonds!

If anyone doesn't buy it, it means that the British Empire has no confidence in defeating Argentina. They can find a reason to deal with you. This is the real purpose of the British. They want to use a license plate to make Bao Zixuan submit. If they can get the Heiyun Group, then other small fish and shrimps will not be slaughtered by them.

War bonds are debt securities issued by governments to raise military spending during times of war. At this time, the British wanted to issue such bonds in Hong Kong. The purpose was to make the people of Hong Kong pay for the war between Britain and Argentina. And the first target is Bao Zixuan's Heiyun Group. If you want a military license, you must show enough sincerity. As long as the richest man buys it, others will not dare not buy it.

After receiving a call from Governor Youde, Bao Zixuan fell into deep thought. Yoder said that the British had agreed to issue a military industrial license to Black Cloud Group, but he must purchase the war bonds issued by the government this time. Not only does Heiyun Group want to buy it, but also the employees of the company must be mobilized to buy it. In the words of the British, they must share the same hatred with the enemy and there must be no slack.

Bao Zixuan lived in the UK for many years in his previous life, but he knew that the British did not repay their previous debts until the 21st century when the country's economy improved and under the pressure of public opinion. It can be said that the government's credit is not very good.

According to data reported by the British BBC, the First World War cost the UK approximately 3.25 billion pounds, of which 2.11 billion were loans. In 1917, the British government issued national war bonds with interest rates as high as 5%, coupled with overwhelming patriotic advertisements - "If you can't fight, you can invest everything you have to help your country... Unlike soldiers, there is no investment Risky", some 3 million British people bought war bonds.

In 1927, Winston Churchill refinanced these treasury bonds and packaged them into consolidated loans or unified bonds at an interest rate of 4%, which is now valued at 218.4 million pounds. Approximately 11,200 investors held these 4% interest war bonds that year, 92% of which were less than £10,000.

In 1932, facing the financial risk of the Great Recession, the then Chancellor of the Exchequer Neville Chamberlain once again used patriotic propaganda to convert some of the 4% interest national bonds into permanent bonds, and the interest was reduced to 3.5%, which meant that the borrower (the government ) does not need to repay the principal, as long as he keeps paying back the interest. This 3.5% interest bond is now valued at 1.9386 billion pounds and still has 120,000 holders, 38,000 of whom hold a principal of less than 100 pounds.

The British Treasury estimates that it has repaid a total of £5.5 billion in interest on the two main war debts, 5% and 3.5%. The British government stated that they will not be able to basically pay off the above debts until March 2015.

If it were Chinese and German bonds, Bao Zixuan would buy them without hesitation. After all, these two countries have very high creditworthiness. However, the British have not yet repaid the debt they owed during World War I. How can they be trusted to pay for the Falklands War? Isn’t this just looking for someone to take advantage of?

The British made it clear that he was the one to take advantage of, and he had to be the one who took the lead. But when he thought about the military industrial license, he had to be taken advantage of. Thinking that I must make double the money back from the British, and then wait for the return of Xiangjiang to settle the old and new grudges, I can only endure it now.

Bao Zixuan agreed to buy British war bonds on the phone, but he could not be the leader. After all, so many British companies don't take a stand and let Chinese companies take a stand. Isn't this a clear sign of embarrassment in their own faces?

If this is to take the lead in purchasing, and let employees actively purchase; combined with the current full-scale production of ground-effect aircraft, and allowing Heiyun employees to re-enlist in the battlefield, then there will definitely be two words written on their foreheads - traitors. Bao Zixuan didn't dare to do such a thing, and he didn't even bother to do it.

Governor Youde thought that it was not easy for Bao Zixuan to do this. After all, if he really made the other party anxious and asked for the military license, then the United Kingdom would really not have strategic transportation forces to send to the Falkland Islands.

After all, Bao Zixuan is still young, and he is far different from these veteran politicians. Even if he did not agree to buy war bonds, he only said that he would consider it carefully; the British would also send him a military industrial license.

Don’t forget that ground effect aircraft is now a seller’s market. It can be said that Heiyun Group is engaged in a unique business, and it is considered a unique business in the world; as long as you don't go too far, the British will definitely follow you. Now, due to a show of weakness, Bao Zixuan thought that the amount of war bonds allocated by the British to the Heiyun Group was wrong.

Sir Youde made a detailed report to London on the results of his telephone communication with Bao Zixuan, which made the Iron Lady in the UK very happy. Not only can the military have the most advanced strategic transportation capabilities, but it can also cover a large part of military expenditures.

She didn't want to give up Xiangjiang to China so easily. After all, in the Iron Lady's heart, Xiangjiang could not prosper today without the support of the British Empire.

Without the introduction of advanced management experience from the British Empire to Hong Kong, combined with enlightened policies, Hong Kong would never be as prosperous as it is today.

Looking across the Deep Sea River, you can see how well Xiangjiang was managed in the hands of the British. She believes that even in another 100 years, the other side will not be able to catch up with the current level of Xiangjiang. However, it turns out that the Iron Lady does not understand the speed of China's economic rise, let alone how powerful the hard-working Chinese people can be when they unite.

The problem facing Bao Zixuan now is how to explain to his employees. After all, he has promised Governor Sir Youde to purchase war bonds issued by the British government. It would not be good if he makes a mistake.

Fortunately, he also has a level heart, a heart that will not let his employees suffer. If employees don't suffer, they will only suffer losses for themselves and the company, and there is nothing that can be done about it.

He set the maximum bond purchase standard for each employee at US$200, which is nothing to Heiyun employees whose average income exceeds US$1,000.