Chapter 771: If You Don't See a Rabbit, You Don't Scatter an Eagle
Shen Bi said: "Tyshawn, we at HSBC and Standard Chartered will work together to deal with the financial crisis, and at the same time, we will do our best to ensure the exchange of foreign exchange needs of some banks, so that their banks can handle business normally." ”
Shen Bi knew very well that they HSBC couldn't escape this time, as a Hong Kong dollar note issuer, they had to stabilize the exchange rate of the Hong Kong dollar, as well as the financial situation in Hong Kong, fortunately, the Li consortium and the Xiangjiang consortium helped them share a considerable amount of pressure, otherwise their HSBC would be even more difficult this time.
The preparations for this incident are far less adequate than those of the Li Consortium and the Xiangjiang Consortium, but fortunately, the strength and heritage of the two of them are strong enough not to be defeated by this crisis, and they are still dealing with it, otherwise they will really lose the right to issue Hong Kong dollars.
Crosso Tyshawn said: "I also hope that the major banks in Xiangjiang can put aside their past grievances at this time and ensure that Xiangjiang Finance can survive this crisis, which is beneficial to all banks, if the financial situation in Xiangjiang continues to deteriorate, you will suffer the most, and some powerful banks should have the courage to stand up and take responsibility at this time and contribute to the development of Xiangjiang." ”
It's a pity that neither Yuan Tianfan, Li Guobao, Feng Jingyao and others have replied to Croso Tyshawn, the director of the Hong Kong Monetary Authority, obviously hopes to let the Chinese-funded banks take the lead, so as to protect the interests of the two British-funded banks, HSBC and Standard Chartered, and continue to consolidate the position of the two banks in Hong Kong.
Seeing that these powerful Chinese-funded bank leaders did not respond, Crosel Tyshawn was somewhat disappointed in his heart, now that the Chinese-funded consortium is becoming more and more influential in Xiangjiang, he also hopes that this time it is best to take this opportunity to reduce their strength, but unfortunately these people are not at all tricked, and it is useless to pressure them with righteousness.
Since the establishment of Tianyu Bank, the Li Consortium and the Heung Kong Consortium have been seeking the right to issue Hong Kong dollar notes all the time, hoping to break the monopoly of their British capital in this regard and let them have the right to speak in it.
It's just that this aspect is their final bottom line in the UK, and they will not let other forces intervene in this unless they have to, and he will not agree to let the Bank of Hong Kong have the right to issue Hong Kong dollars.
Later, Crosso Tyshawn gave an introduction to the banks that they have taken over from the Monetary Authority, and asked everyone present if they were interested.
Now these banks they have taken over are also in great trouble, because the banks have run out of cash and are looking for the next one to take over, which can also reduce some losses, and if they go bankrupt and liquidate, the customers of these bank deposits will lose a lot.
Especially now that the exchange rate of the Hong Kong dollar is falling, customers of these major banks are asking the Monetary Authority to deal with it as soon as possible so that they can get their deposits back sooner.
At this time, everyone present has a lot of troubles in their own banks, and where are they still in the mood to take over these hot potatoes at this time.
Originally, some time ago, many banks suffered a round of runs because of the property market, and many banks had a lot of bad debts within them, and this problem has not been completely solved.
Even HSBC and Standard Chartered have not shown the slightest interest at this time, and they still have to focus on the foreign exchange run to ensure that they can survive this round of crisis.
Seeing that no one answered, Crosso Tyshawn knew that these banks could not be transferred for the time being.
Since he took over this position, he has not been happy, and as soon as he took office, he faced the bribery storm of his predecessor, many personnel within the Financial Authority were implicated, and many banks in Xiangjiang suffered a run.
The problem over there has just been sorted out, and this is another crisis, this time the run is even worse than the last one, which has left their departments tired of coping, and the financial community in Hong Kong is currently in disarray.
Forget about foreign banks, the local banks in Hong Kong, led by the Li consortium, have a growing rift with HSBC over the issue of the right to issue Hong Kong dollar notes, and they are competing against each other in many aspects.
Krosel Tyshawn only hopes that Governor Youde and the Executive Bureau can negotiate a way as soon as possible, and introduce a policy as soon as possible to stabilize the current Hong Kong dollar exchange rate in Hong Kong, so that his pressure will be lighter, and the run will not be as crazy as it is now.
At 3 p.m., Yuan Tianfan gave him a detailed report on today's financial meeting in Li Guangyu's office.
After hearing this, Li Guangyu said: "Now you don't care about anything else, you must ensure that our bank's customers can exchange foreign currency at any time, and at the same time pay attention to several banks such as the Bank of Hong Kong and the Bank of East Asia. ”
Since the Hong Kong government is unwilling to take out the right to issue Hong Kong dollars, then this crisis will be fought by the Hong Kong Monetary Authority, HSBC and Standard Chartered, and Li Guangyu will not lose his own interests like a fool to bear their responsibilities for them.
As for Yongan Bank, Li Guangyu is not worried about this, with the Sumitomo family, with their strength, this problem will not be difficult for them.
Yuan Tianfan said: "Li Sheng, it seems that we want to get the right to issue Hong Kong dollars but we are afraid that there is a long way to go, and now in such a crisis moment, the British and Xiangjiang governments are unwilling to give up the right to issue Hong Kong dollars, but we are afraid that we have little chance in the future." ”
For the right to issue notes in Hong Kong dollars, Yuan Tianfan is very eager to get his hands, no matter whether it is Tianyu Bank or Xiangjiang Bank at that time, it is very beneficial to the Li consortium, with the right to issue currency, the Li consortium has the foundation to become a truly world-class consortium.
However, in the past few years, the communication with the Hong Kong Monetary Authority and the Hong Kong government has been disappointed, and the Hong Kong government has no intention of letting the Chinese family share the right to issue Hong Kong dollars, and they hope that the British capital will firmly control this interest.
Li Guangyu has no choice about this, he can only hope that when the situation changes later, the British and the Xiangjiang government can change their attitude, so that the Xiangjiang Bank can get the right to issue Hong Kong dollars.
He said like Yuan Tianfan: "For the time being, you put your mind on this foreign exchange run, this situation will not last long, when the government will definitely intervene to stabilize the exchange rate of the Hong Kong dollar, there is still a lot of room for operation in this regard, I believe that the Xiangjiang government will not let the highest exchange rate become a stable exchange rate in the future, when the time comes, listen to my instructions, after a certain period of time, Tianyu Bank will give me a full release of foreign exchange exchange." ”
As an elite person in the financial industry, how could Yuan Tianfan not understand the meaning of Li Guangyu's words, and they would be able to recover some of their losses if they operated in this regard at that time.
After all, they exchanged a lot of foreign exchange during this time, and the Hong Kong dollar was constantly depreciating in their accounts.
Yuan Tianfan said: "Li Sheng, I will arrange this aspect of affairs, as long as you tell us, our major business offices in Xiangjiang will fully open foreign exchange." ”
......
(I'm going back to the village today, so the other two chapters will be updated in the evening.) )