I'm back in 1990

Chapter 468: A Joyous Event?

After returning to his small county town in Shanxi Province, Huang Erhe immediately went to the police station to change Maowa's name. However, changing the name on the household registration book was not as easy as registering the household at birth. There were a lot of procedures involved. Huang Erhe gritted his teeth and asked someone to pull strings. It took him more than a week to get the job done.

He then sent a household registration certificate stamped with the police station's seal to his uncle, Zeng Jiahua, and waited for a reply.

In the past, he wouldn't have even considered this; Fan Yingrong and the Fan family would never have agreed. But the situation is different now. Fan Yingrong has witnessed firsthand the current state of the Huang family. Even if Huang Erhe didn't do it, she would have taken the initiative to change Maowa's name back to its original name.

Only if he is surnamed Huang can Maowa receive what he deserves from his grandparents in the future, and Huang Erhe and I can also benefit from it. People will bend their backs for a living. Now it's just changing Maowa's name back to its original name. No matter what name he changes it to, I am still Maowa's mother.

After learning about her in-laws' current situation, her family not only did not pursue the matter of Huang Erhe bullying Fan Yingrong, but also treated him even more warmly than before. Huang Erhe was soft-hearted, but he was not stupid; he knew the reason for this.

However, ever since that incident, Huang Erhe has rarely gone home from the army. He always uses the excuse of being on standby or on duty to brush off Fan Yingrong. In the past, Fan Yingrong would definitely have gone to Huang Erhe's superiors, but this time Fan Yingrong endured it. She knew that it was better to be pragmatic at this time, because a small act of impatience could ruin a big plan.

After receiving the household registration certificate from Huang Erhe, Zeng Jiahua did not show it to Huang Erhe immediately. Instead, she gave the certificate to her elder sister, Zeng Lijuan.

After reading it, Zeng Lijuan's expression was very complicated, and she remained silent for a long time.

Zeng Jiahua didn't say anything, and the two siblings just sat there in the Zeng family's living room.

After a long pause, Zeng Lijuan sighed, "You know your brother-in-law's temper. He won't forgive Erhe anytime soon, so let's not talk to him about it for now and see how things go later."

Zeng Jiahua nodded: "That's why I got this and brought you here first."

Zeng Lijuan said to Zeng Jiahua, "Your brother-in-law is right. The wife Erhe found is really not a good match. She will definitely cause discord among the three brothers in the future. But it's better to tear down ten temples than to break up one marriage. As a mother, I can't encourage my son to divorce his wife, can I?"

I had originally planned to transfer Erhe's family's household registration to Shanghai, but now it seems I should forget about it! He can stay there from now on! Even if his father forgives him in the future, I won't let his family come to Shanghai. Perhaps this is for the best.

Zeng Jiahua didn't want to express too much opinion. He wasn't very close to his second nephew to begin with, and besides, his brother-in-law, Lao Huang, was such a stubborn person. Zeng Jiahua really didn't want to get involved in this mess.

However, he quite agreed with Zeng Lijuan's idea: "Sister, I think your idea is good. It's the best solution for now and in the future."

In Zeng Jiahua's view, as long as Fan Yingrong, the root of all trouble, is not in Shanghai, she won't cause any big waves. In fact, the simplest solution is to get a divorce. But what his older sister said is also true: it's better to tear down ten temples than to break up one marriage. Besides, there's a child in the family. If the couple divorces, the child will be the one who gets hurt the most.

However, Zeng Jiahua could foresee Maowa's future. There was nothing he could do; having such a mother was his fate. But relatively speaking, he would still live a much better life than most people.

The name change controversy gradually subsided, and the Huang, Zeng, and Yu families stopped mentioning it. Old Huang and Old Yu continued to play ball and smoke cigars, and every now and then they would enjoy cigars and chat about their ball skills with friends.

The battle to defend Hong Kong's financial system is nearing its end. Read Chapter 468 now: A Great Event? to begin your exciting day.

The Hong Kong Monetary Authority adopted the recommendations in Huang Xiaochuan's paper and used unconventional measures, breaking with the tradition of passive non-intervention and directly intervening by using HK$1180 billion of the Exchange Fund to directly buy Hang Seng Index constituent stocks.

Ding Yi and Zhang Sui also completed their capital accumulation and joined this decisive battle with a massive amount of funds.

The Hong Kong Monetary Authority (HKMA), Ding Yi, and Zhang Sui all took over the dumping of over HK$500 billion in just one day.

Then the Hong Kong government took another drastic measure, directly amending the rules of the futures exchange to restrict short selling. However, these two points were criticized by some economists in later generations. These economists believed that the government should not intervene in the market, but should allow the market to develop and evolve on its own. Of course, these are all academic debates, which will not be discussed here.

By the end of August, the battle between the two sides was exceptionally fierce. The daily turnover of Hong Kong stocks set a record of HK$790 billion. Chinese capital, led by the Hong Kong government, took over the market throughout the day and ultimately held the key line of defense. International capital was forced to liquidate its positions and leave the market, accumulating losses of up to US$112 billion.

In his cautionary paper, Huang Xiaochuan described how speculators are essentially attacking the inherent contradictions of the linked exchange rate system. Maintaining exchange rate stability requires high interest rates, but high interest rates will impact asset prices. He suggested that the government could directly intervene in the stock market, completely breaking the traditional theoretical framework.

Huang Xiaochuan's suggestion sparked a global debate, but the outcome was that this approach preserved Hong Kong's financial sovereignty.

It also allowed the central government to see the power of finance.

For example, Hang Seng Index futures closed contracts surged to 150,000 in August, with each point worth HK$50. This means that a fluctuation of 1,000 points could result in a profit or loss of HK$7.5 billion. This demonstrates the power of leverage in the derivatives market, which can also amplify the destructive force of crises.

Therefore, the central authorities convened a group of scholars and experts afterward to study the gains and losses of this Hong Kong financial defense battle, and to formulate China's own financial rules based on this.

The battle to defend Hong Kong's financial system spurred the idea of ​​Asian countries establishing foreign exchange reserve pools.

It also promoted the development of the mainland-Hong Kong financial cooperation mechanism.

This battle profoundly changed the international community's perception of China's financial governance capabilities. Hong Kong maintained its status as an international financial center, and the decisiveness demonstrated by the central government provided crucial confidence support for China's subsequent internationalization process.

Even today, the "financial sovereignty" consciousness it demonstrated still has practical guiding significance.

Of course, Huang Xiaochuan profited greatly from this battle, and Ding Yi's wealth also increased more than tenfold. Now he is busy cleaning up the battlefield because he now has countless shares and equity of listed companies, which are all spoils of this financial war.

Zhang Sui and Zhang Yun naturally had far more spoils than Ding Yi, and dealing with these assets was a very complicated process.

Moreover, among these assets are several private jets and yachts. Yes, these are the things that the wealthy use as toys and tools. They usually register these planes and yachts under company names to legally avoid taxes.

The wealthy will always do this, whether in the past or in the future: register the business under a company name, so that all expenses can be paid by the company. It's reasonable, legal, and saves money.

However, once the company's control and equity change hands, these assets belonging to the company will naturally be taken over by the new owner. Therefore, in fact, Huang Xiaochuan is the new owner of these assets.

After the financial war ended, it was back-to-school season again, and Huang Xiaochuan returned to his job as usual.

However, he was unaware that a great joy awaited him.