Chapter 191 Showdown!

On February 2, when Hong Kong's Financial Secretary Richard Pang was answering questions on the budget in the Legislative Council, he publicly announced a number of tax reduction measures, including 24 tax items in four major categories: personal income tax, business tax, interest tax and estate tax.

Among them, in terms of personal income tax, the measures will benefit 30 taxpayers to varying degrees.

For example, the tax-free amount for single persons has increased from HK$1.5 to HK$2.05; for married persons, it has increased from HK$3 to HK$4.1.

In short, 10 people in Hong Kong are exempted from the obligation to pay tax due to this personal tax alone.

The Hong Kong government is also forced to do so. The current Hong Kong economy is not only in a worse situation, but is at least facing many difficulties.

When the economy is bad, the government cuts taxes. In addition to reducing the economic burden on ordinary people, it also wants to encourage everyone to consume in order to stimulate the economy.

In addition, the Financial Secretary also announced the abolition of interest tax on foreign currency deposits, a measure aimed at attracting large amounts of funds, including foreign capital, to remain in Hong Kong.

However, due to the strong stimulus of the US dollar interest rate hike, hot money will still choose to flow back to the United States in large quantities.

The stock market and property market, which Fang Hexuan is concerned about, have not shown any obvious positive response to the Financial Secretary's move.

It can only be said that the Hong Kong market is far more influenced by external factors, especially the US market, than by its internal economy, including financial policies.

On the same day, the share price of Jianing Investments had fallen to HK$4.72 per share.

It is not far from the lowest point of HK$0.63 per share.

Even so, the Carrian Group is still seen as a company with great development prospects by Hong Kong citizens.

It can only be said that Chen Songqing has indeed spent a lot of time and money to shape the image of the company and himself.

On a yacht off the coast of Hong Kong, Fang Hexuan wrapped the collar of his tweed coat and watched a small boat getting closer and closer. He was also somewhat looking forward to and excited about today's showdown.

"Welcome to Mr. Chen aboard. I apologize for the indiscreet invitation because I have something important to discuss with you. Please forgive me!"

Fang Hexuan adopted a humble attitude from the beginning, which surprised Chen Songqing.

"Haha, no way. The richest man invites me to be his guest. Even if it's far away, I will definitely attend the appointment!"

The two exchanged pleasantries and then got down to business.

"Speaking of which, Jianing Group still owes Wanda 1.6 million for the purchase of the building. Thank you Mr. Fang for your leniency!"

"Hey, at the beginning, one was willing to sell and the other was willing to buy. It was a fair trade. No need to thank me!"

"Mr. Fang is such a straightforward person, no wonder he can sit firmly on the throne of Hong Kong's richest man."

"Haha, if Mr. Chen is willing, I will give way to him immediately!"

"Haha, I would like to, but I don't have the ability!"

"Others may not know this, but I admire Mr. Chen very much. I got rich by luck, but Mr. Chen, everything you have today was built by you yourself. It's really admirable!"

"No, no, Mr. Fang invited me to the open sea to get some fresh air. Isn't it just to flatter each other?"

"Haha, Mr. Chen is indeed a generous person like me. Let me be frank. I started shorting Jianing Investment a long time ago."

".Fang Sheng, what do you mean by this?"

"Mr. Chen, don't be impatient. It's not too late to ask after I finish speaking."

".Please say!"

"In fact, I noticed Mr. Chen and the Jianing Group a long time ago, earlier than you think."

"I have to say that Mr. Chen is a true business genius. Apart from his bad luck, he is even better than me in other aspects!"

"I have studied all of Mr. Chen's business operations in depth, and I can only sigh that I am far from being able to catch up with him!"

"Mr. Fang, what do you mean by this?" "Nothing, just a pure feeling. All the hard work Mr. Chen has done will eventually be like a moon in the water, like a dream!"

"If Mr. Fang doesn't make his point clear, I think there's no need for us to continue this conversation."

Chen Songqing was also a little panicked. He was really afraid that the richest man in Hong Kong in front of him would notice something wrong and want to threaten him.

"Mr. Chen's Jianing Group, including its many subsidiaries, has committed financial fraud, financing fraud, and transaction fraud. Am I right?"

"Bloody mouth!"

"Mr. Chen, don't get excited. I arranged the meeting in the open sea today. I'm sure you know that I'm not trying to embarrass you, but to help you!"

"What a joke! My company is running well and doesn't need any help at all. Mr. Fang should just take care of himself!"

"Haha, you can just fool those fools with this. If I believe it, do you think I can become the richest man in Hong Kong?"

".What on earth do you want to do?"

"Mr. Chen, don't get excited yet, just listen to me slowly!"

"Sorry, I don't want to hear what you have to say. I want to leave now!"

"Mr. Chen, you can't fill such a deep hole no matter what. Your luck is too bad. In my estimation, the stock market and property market in Hong Kong will usher in a major crash. I'm afraid that the land you own and the property you are currently building will all be ruined. In this way, your company will face an extremely serious financial crisis. Next, it is not impossible that the share price of Jianing Investment will collapse and even become a penny stock!"

"Nonsense, alarmist. Fang Sheng is the richest man in China. Can he just spread rumors at will?"

"Okay, Mr. Chen, there are only you and me here, let's stop pretending to be confused."

"I have no idea what you are talking about!"

"Do you really not understand or are you pretending not to understand? How about I call the ICAC and report what I know to them? Do you think this is okay?"

"Fang Hexuan! Don't go too far!"

"Haha, Mr. Chen, I think you still haven't figured out the situation. I really don't intend to bully you. I really want to help you!"

"You said yourself that you've noticed me a long time ago. I don't believe you have any good intentions!"

"I do have bad intentions, but they are not directed at you, but at my enemies!"

".What on earth do you want to do?"

"Killing two birds with one stone!"

".Am I one of the eagles?"

"No, you are not. Like me, you are also a gambler in this game."

"I do not believe you!"

"You don't have to believe me, just know that I need your help to achieve my goal."

"But why should I help you?"

"Mr. Chen, it has come to this. Is it necessary to play dumb? Your Jianing Group is like a castle in the air. Its foundation is unstable and it will inevitably face a situation of earth-shaking and mountain-shaking."

"I am helping you get out of this situation now. If you still insist on doing what you want, even if I don't report you, your company will run into problems sooner or later. It will take at least half a year for it to happen."

"If you cooperate with me now, you can get your share in advance, and then leave Hong Kong. You can still enjoy wealth and glory for the rest of your life."

"Think about your wife and daughters. They still need you to stay with them instead of having them visit you in a cold prison. Believe me, prison is not a place for people to stay!"

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　Thank you for your recommendation to try it out!
　　

(End of this chapter)