Chapter 1490: Critical moment, re-elect the board of directors!

Xia Yu was not kept waiting for long.

Wang Qi arrived at the office on the top floor.

'Chairman, good morning!'

Without delay, Wang Qi greeted him with a smile.

After all, he was Xia Yu's trusted subordinate, and Xia Yu did not deliberately put on any airs. With a smile, he said casually, 'Find a place to sit.'

'Thank you, Chairman,'

Wang Qi said, and sat two metres away from Xia Yu.

Without being reminded by Xia Yu, Fok Kin-ning directly told the other subordinates to go out first and close the door, leaving only the three of them in the office.

'Go ahead, what's the specific situation?'

Facing Xia Yu's question, Wang Qi immediately replied, 'Chairman, according to your previous deployment, Kirin Capital has now established a branch in Stockholm, and the entire HK$30 billion has been converted into Swedish krona and entered the country.'

'Since January this year, the exchange rate of the Swedish krona has been falling, from 6.619 Swedish kronor to the US dollar to 6.502 Swedish kronor to the US dollar. The average exchange rate of our 30 billion Hong Kong dollars is 6.562 Swedish kronor to the US dollar.'

'So the funds we have entered the market now are 31.75 billion Swedish kronor.'

'The funds that entered the market earlier have already started to buy the leading stocks on the Stockholm Stock Exchange.'

'According to the latest statistics, in the past ten days, the capital that has entered the market has reached 12.48 billion Swedish kronor, and 19.27 billion Swedish kronor remains to be entered into the market.'

After listening to Wang Qi's report, Xia Yu nodded slightly and commented, 'With the daily trading volume of the Stockholm Stock Exchange, it is not a bad efficiency to be able to enter more than 10 billion in capital into the market in ten days.'

'It hasn't aroused the alarm of the others, has it?'

Wang Qi decisively shook his head, 'Not yet.'

Then he paused for a moment before continuing, 'However, according to the conservative analysis of the analysis team, when the funds entering the market reach 20 billion Swedish kronor, the probability of arousing suspicion will reach 80%.'

Xia Yu laughed, "That's not conservative enough, it's possible that they'll notice something unusual in the next two days.'

'But it doesn't matter,'

'There's only 20 billion Swedish kronor left, so when they find out, we'll just make a big noise right away.'

Wang Qi nodded in agreement, "Understood.'

'By the way, Chairman, according to the analysis team's speculation, due to the global economic environment, in the next few months, even if we don't do anything else, the exchange rate of the Swedish krona will further decrease, possibly by as much as 5%.'

'Once we make a big noise in Sweden and attract international hot money to follow suit and pour into Sweden, it will further push the exchange rate of the Swedish krona down, so the analysis team recommends going long on the Swedish krona.'

A decrease in the exchange rate represents an appreciation of the local currency, and the exchange rate of the Hong Kong dollar is pegged to the US dollar at 6.1 Hong Kong dollars to 1 US dollar.

With a leverage of 20 to 400 times in the foreign exchange market, a possible decline of more than 5% means that the return on investment is likely to be more than doubled, or even tens of times, which is not impossible!

Wang Qi's suggestion was something Xia Yu had not considered before. After all, his grand plan was to target the economic and capital situation in Northern Europe, standing at a higher level.

Now Wang Qi had gone to the trouble of filling in the details, which made Xia Yu feel gratified.

He couldn't help but squint his eyes and think.

The benefits of pushing the Swedish krona to appreciate significantly are obvious. The most intuitive one is being able to make a lot more money, while the deeper benefit is weakening the Warburg family's financial ties with the outside world.

After all, Kirin Capital's attack on the Swedish stock market and all-round sniping of the Warburg family means that the Warburg family is forced to defend and counterattack, and must mobilise most of its funds to enter the market.

If they mobilise funds from within Sweden, then the exchange rate will have no effect at all, but if they mobilise funds from abroad into Sweden, then the exchange rate will soar due to the appreciation of the Swedish krona.

Therefore, for the Wallenberg family, the appreciation of the Swedish krona is like building a wall around Sweden's financial borders. The more the currency appreciates, the higher and stronger the wall becomes, making it more difficult for outsiders to enter, and more beneficial to Xia Yu's grand strategy against Sweden.

Of course, the prerequisite is that all of this can be achieved as expected.

Xia Yu expressed absolute confidence in this, saying that with his strength, even if he was simultaneously at war with the forces led by the Rothschild family in the UK and Spain, he would still have enough strength to open up a new battlefield again, and would still be the absolute main force, fighting a frontal annihilation battle in the enemy's lair!

After pondering for a long time, Xia Yu felt that Wang Qi's suggestion was profitable, and the benefits were not small.

Therefore,

he nodded and agreed, 'Wang Qi, I agree with this plan of yours, go ahead and do it.'

'If you need more funds, don't hesitate to ask for more. I will provide you with sufficient financial support.'

Wang Qi's mood was lifted, a smile appeared on his face, and he replied loudly, 'Thank you, Chairman, for your support. I will do a good job.'

Then, Wang Qi glanced at the document on the table again and asked, "Chairman, there is one more thing I want to discuss, which is the size of our office building...'

Before Wang Qi could finish, Xia Yu interrupted him directly, laughing and scolding, "You want to take credit for something you've done? I will decide on this matter, so don't waste your time on it.'

Wang Qi smiled awkwardly and said, 'Okay, Chairman, then I won't bother you.'

After saying that, Wang Qi decisively took off and soon disappeared from Xia Yu's sight.

'This Wang Qi, when did he become so cunning?'

Xia Yu couldn't help but exclaim.

Huo Jianning on the side couldn't help but laugh out loud.

...

A few more days passed.

The financial market in the UK had become extremely chaotic, and the struggle between the various parties had become particularly fierce.

The most intense battlefield was the stock market, but the bond market and futures market were also in full bloom. Even the gold trading on the London Gold Exchange fluctuated greatly, causing economic shocks around the world.

Countries around the world have expressed their concerns and worries about the financial markets in the UK and Europe.

However, for the various giants entering the market, whether or not it will affect the market is not important, what is important is to seize as much profit as possible and achieve their strategic goals.

In this situation,

the battle for control of the National Westminster Bank has also reached a turning point, attracting the attention of countless people.

Bright Fund Corporation.

With George Berkeley giving an order, it took less than a minute.

The London Stock Exchange disclosed extremely explosive news, which spread at lightning speed, causing extremely far-reaching repercussions.

'The Royal Bank of Scotland has disclosed that it has signed stock trading agreements with fifteen companies in succession within one day, and at this time already holds 43.85% of the shares of National Westminster Bank, becoming the largest shareholder.'

'The Royal Bank of Scotland proposed that, as a number of the original board members of National Westminster Bank have transferred their shares and withdrawn, the board of directors is no longer able to properly lead the operations of the entire bank. In order to ensure the interests of all shareholders, it will be proposed that an extraordinary general meeting of National Westminster Bank be held in the near future to re-elect the board of directors.'