Reborn Xiangjiang Tycoon Growth

The collapse of Xie Liyuan Gold Shop triggered a run crisis on Hang Lung Bank, which plunged Hong Kong's financial industry into a serious crisis of trust. Governor Youde also attached great importance to this matter. After all, the Iron Lady had not left for long, and he did not want people to laugh at her.

Youde regretted selling so many war bonds in Hong Kong before. If he had 5 billion British bonds, it would not be a problem to deal with all this. The current fiscal deficit of the Hong Kong government is staggering, and it can no longer spend money to save Hong Kong's financial market.

The UK will definitely not care about these things. The money has already been spent and it will be extremely difficult to get it back.

Governor Youde looked at the bankers and heads of financial institutions sitting below, and now he could only place his hopes on them. If these people did not take action, Hong Kong's financial system would face collapse.

Youde straightened his tie and said: "You are all the heads of major financial institutions in Hong Kong. You can be said to be the wallets of the people of Hong Kong. I am calling you here this time. I believe you all already know. The collapse of Xie Liyuan Gold Shop and the recruitment of Hang Lung Bank

At this time, Hang Lung Bank is in a very dangerous situation. If no one comes to help them, they will probably collapse."

"Therefore, the Hong Kong government hopes that everyone will work together to help Hang Lung Bank tide over the difficulties. This is not a matter of Hang Lung Bank alone. If the matter is not handled well, it may cause a chain reaction, which will bring about the collapse of the entire Hong Kong banking industry.

disaster."

The banker has sent a distress signal to Governor Youde through Joante. In Zhuang Rongkun's view, the Hong Kong government may not get a penny if it takes over the banker, but if it is acquired and the old accounts are investigated, he will go to jail.

As the chief executive of HSBC Bank, Shen Bi has always been a king in Hong Kong's financial industry. Even the Financial Department has to look at his face to act. Basically, if there is any major event, everyone will give him the opportunity after the governor talks about it. This has formed a

Convention.

Shen Bi: "Hang Lung Bank does not have much business dealings with HSBC. They have close ties with Standard Chartered Bank and Hua Xia Bank Xiangjiang Branch. In addition, Standard Chartered Bank absorbed a large amount of deposits yesterday. I think Mr. Sanderson has the most say."

Everyone at the scene, including Governor Youde, disagreed with Shen Bi's words. HSBC plays a quasi-central bank role in Hong Kong, and now it starts to push back when something goes wrong. This is a typical example of not wanting to take responsibility.

Although it has no affiliation, HSBC has always been the bank that takes up the most resources from the Hong Kong government. It has guidance obligations for other banks in Hong Kong and also holds 70% of the minting rights. Standard Chartered Bank does not have so many privileges. Now if there is a problem, Standard Chartered will take action. HSBC

Is it ridiculous to be watching this from the sidelines?

Of course, Bauhaus-Sanderson was not to be outdone and responded directly: "HSBC belongs to the central bank in Hong Kong and has the most resources. Now that Hong Kong's financial system is facing a crisis of trust, it should be the first to stand up and take charge of the situation."

"I didn't expect HSBC to be so irresponsible and leave the problem to other banks; is this what the central bank does?"

"As long as HSBC agrees to give up its minting rights, Standard Chartered Bank will definitely spend money to stabilize the financial market in Hong Kong even if it goes bankrupt. After owning the minting rights, these can be easily earned back in the future."

Bauhaus-Sanderson knew that even if Shen Bi agreed to give up the minting rights, it would be useless. The HSBC board of directors would definitely intervene to stop it. Minting rights are the cornerstone of HSBC's development in Hong Kong. Without the minting rights, HSBC would be nothing like other banks.

Now that Bauhaus-Sanderson has made the offer, everyone is waiting for Shen Bi to take over.

In fact, Shen Bi is still suffering. At this time, HSBC's foreign exchange loss is very serious. In recent days, HSBC has exchanged a lot of foreign exchange, causing the bank's foreign exchange reserves to be stretched thin. Since Heiyun closed its account, HSBC has not had much foreign exchange income at all. These are the assets they managed to save with great difficulty.

At the same time, HSBC issued a large number of loans, and the loans to major real estate companies in Xiangjiang were almost monopolized by them. Now that the real estate market is down, HSBC has been the most affected.

In addition, several shareholder loans of Bao Huodong Mining Company were borrowed from HSBC. Just a few days ago, Li Chaoren borrowed HK$1 billion from HSBC to pay Bao Zixuan to purchase shares.

Shen Bi: "The right to mint money has been determined for a long time. To be precise, it was decided during the time of Mr. Sanderson's great-grandfather. The credit system has been formed, so it cannot be changed easily."

"It is not impossible for HSBC to take action, but I hope you can exchange part of the US dollars and Japanese yen to HSBC. Now HSBC's foreign exchange reserves are in a hurry, and people in Hong Kong are exchanging US dollars, Japanese yen, gold, etc. on a large scale. Among them, come to HSBC to exchange The number of people is the largest.”

When Youde heard that it made sense, it was unrealistic for the HSBC family to contribute money and efforts at this time, so he said: "Hong Kong is in a critical period now. I believe you all understand what Mr. Shen Bi said. I want to maintain the credibility of the Hong Kong dollar. The system must have enough foreign exchange for the exchange of Hong Kong dollars. HSBC is indeed facing a lot of pressure. If you still have foreign exchange balances, I hope you don’t hide them privately. Xiangjiang Financial’s credit system needs a lot of foreign exchange support.”

After Youde finished speaking, everyone present stopped talking. Now even if they have foreign exchange, they don’t dare to talk nonsense, they have to keep it to save their lives. At this time, every bank in Hong Kong is facing the demand of saving foreign exchange, so why don’t they give it to HSBC? .

Seeing that everyone was looking at him, Bauhaus-Sanderson knew that he could not hide. He thought for a moment and said: "Standard Chartered Bank does have some foreign exchange, but it is not from our bank. It is the deposit of Heiyun Group in Standard Chartered Bank. , even used part of the emergency response privately yesterday. If Heiyun Group needs money at this time, there is no way that Standard Chartered Bank will not pay."

"If all the foreign exchange is exchanged to HSBC, what will Standard Chartered use to pay? If you refuse to pay, the bank's credit will be damaged. It will not only be Hang Lung that will go bankrupt, Standard Chartered should also be included in it.

Hearing that Heiyun Group had a large amount of foreign exchange deposited in Standard Chartered Bank, everyone at the scene was filled with greed. Everyone knew a little bit about where the money went after Heiyun Group closed its account with HSBC.

Youde is not willing to ask the Bank of Japan to save Hong Kong's financial system. Even if they agree to take action, the requirements will be very harsh. It is no different from luring a wolf into the house, and he does not dare to take this risk.

But Youde did not dare to let Standard Chartered Bank exchange Bao Zixuan’s foreign exchange deposits with HSBC. If he knew that Standard Chartered would do this, it is estimated that the next unlucky person would definitely be Bauhaus-Sanderson. The previous conflict between Heiyun and HSBC, although others I'm not in Xiangjiang, but I know a little bit about it.

Bao Zixuan dared to go to HSBC to cancel his account, and there was nothing else he didn't dare to do. At this time, it could be said that he was in a dilemma. Youde was more of a politician, and the economic field was not his strong point, so he turned his attention to the Finance Department. long.

The director of finance in Xiangjiang has always been the most embarrassing existence. There is a governor above him, and there is also a HSBC chief executive. However, the current chief executive of HSBC, Shen Bi, is an extremely powerful person. He has the final say in formulating most economic policies. The finance department basically has the final say. It's just a decoration.

The Governor had already named him, and he could not say anything; so the Director of Finance said: "The main crisis at present is that the people of Hong Kong do not believe in the Hong Kong dollar, and they are selling a large amount of international currencies such as US dollars and Japanese yen. Secondly, there is a run on Hang Lung Bank. "

"In fact, we can solve these two things together, let a company with a large foreign exchange balance take over Hang Lung Bank, and directly open a foreign exchange exchange point at Hang Lung Bank, so that all crises can be easily solved."

After the Director of Finance finished speaking, the first thing that came to mind among the bankers and heads of financial institutions present was Bao Zixuan of Heiyun Group. Currently, only Bao Shoufu has this ability and strength.

If Bao Zixuan is willing to take over Hang Lung Bank, depositors will not withdraw money at all, which can very well appease the public.

Youde: "Of course this is a good idea, but can Heiyun Group agree to take over Hang Lung Bank?"

Bao Zixuan had paid a special visit to the Director of Finance a few days ago. This was the best chance for the Director of Finance to turn around. After being suppressed by Shen Bi for so long, he could finally feel proud. This chess piece was playing its due role.

Director of Finance: "This requires the Governor's personal persuasion. I think Bao Zixuan will not fail to give you face. At the same time, it can also reflect the Governor's determination and responsible attitude towards things."

As Youde agreed to the request of the Director of Finance, this Hong Kong government financial meeting came to an end. Of course Shen Bi knew that this was Bao Zixuan's plan, but he had no way to stop it. They used conspiracy, knowing that it would happen How to do it, but you can only watch your opponent get it done.