When Carrefour and Wal-Mart announced the closure of their stores in Hong Kong, the Hong Kong Monetary Authority was holding a meeting, which involved the heads of major banks in Hong Kong.

These days, the run on the citizens of Xiangjiang and the exchange of foreign exchange have made the financial situation of Xiangjiang extremely severe, and the heads of major banks are invited to come today, hoping that everyone can stabilize the current situation and let the financial industry in Xiangjiang develop steadily.

Crosso Tyshawn, Director of the Hong Kong Monetary Authority, said at the meeting: "Hong Kong is currently facing great challenges in our financial market due to some external factors, the current Hong Kong dollar exchange rate has fallen to 7.6 Hong Kong dollars to one dollar, with the current situation, it may continue to fall in the coming period, and I hope that major banks must reserve more US dollars to meet the needs of citizens to exchange foreign currency." ”

At present, the top management of Xiangjiang is still negotiating on this issue, and before he receives an order from Governor Youde, he can only ask the major banks in Xiangjiang to ensure the financial stability of Xiangjiang, so that the citizens can have money to withdraw and exchange foreign exchange, so that the citizens of Xiangjiang will not panic and be anxious about this.

This time, such a problem has arisen in Xiangjiang, and the most important problem is not an economic problem, but now we can only wait for the hearts of the people of Xiangjiang to calm down, so that the financial sector can be stabilized and their crisis can be resolved.

This time, although some Chinese families such as the Li consortium and some Chinese families in Xiangjiang have come forward to express their stance and ask the citizens of Xiangjiang not to express their worries about this, it is only the nature of seeking advantages and avoiding disadvantages that makes the citizens of Xiangjiang feel relieved that they want to take the initiative into their own hands, and they can rest assured when they have materials and currency that they think are relatively safe.

Fortunately, Hengyu Supermarket Group has made outstanding contributions to material supply and price stability, and Xiangjiang's current material rush has basically disappeared.

It's just that the foreign exchange is still running, and the falling exchange rate of the Hong Kong dollar has exacerbated this phenomenon, after all, no one wants to watch their wealth shrink.

Li Guobao said: "Mr. Tyshawn, I think Standard Chartered and HSBC should make a greater contribution in this regard, as the two Hong Kong dollar note issuers, they have the responsibility and obligation to maintain the stability of the Hong Kong dollar, and at the same time ask their two major banks to relax the regulations on the exchange of foreign exchange between our major banks in their banks, so as to alleviate the current difficulties of our major banks." ”

In the face of Li Guobao's request, both Shen Bi and George LaVine spoke out against it, which is simply a joke, if their two major banks are in charge, they are afraid that they will be bankrupted by the Li consortium.

If the restrictions on the foreign exchange between the two banks are lifted, I am afraid that in less than one day, the foreign exchange of their banks will be swept away by them, and then how will their two major banks still operate normally.

Crosso Tyshawn will not agree with Li Guobao's opinion, this is to kill the two major banks, and no matter when, the two major banks will not be able to relax the restrictions in this regard.

He said: "Mr. Li, I know that many banks in Hong Kong are under great pressure, but this does not include your Bank of East Asia, which also said yesterday that your bank has sufficient foreign exchange reserves and can exchange money for customers at any time, and your bank does not need the help of HSBC and Standard Chartered." ”

Of course, Li Guobao did not need the help of HSBC, and their Bank of East Asia had been preparing for a few months, reducing lending to foreign countries, and converting most of the funds into US dollars, just to cope with the current situation.

Now their major banks can sit firmly in the Diaoyutai and watch how other banks respond, but he is still willing to do the trouble of finding HSBC and Standard Chartered.

And this time they need to fight for the right to issue Hong Kong dollar notes for the Bank of Hong Kong, this is a very good opportunity for them, and they don't want to miss it.

Li Guobao said: "Mr. Tyshawn, our Bank of East Asia is also a swollen face and fat man, if we don't say so, the withdrawal of foreign exchange by customers will be more serious, and now our Bank of East Asia is in urgent need of support, and Standard Chartered and HSBC, as the two major banks with the right to issue Hong Kong dollars, have the obligation and responsibility to accept our Hong Kong dollar for US dollars, maintain the needs of the people of Hong Kong, and also maintain the normal operation of our major banks, if HSBC and Standard Chartered cannot afford it, I think they are not in the interests of the people of Hong Kong as Hong Kong dollar note issuers." ”

When Crosso Tyshawn took office, Governor Youde reminded him that the Lee Consortium and the Heung Kong Consortium had been seeking the rights and interests of the right to issue Hong Kong dollars, and how could they let go of such an opportunity.

However, Governor Youde has made it clear to him that neither he nor the British top management has any intention of allowing Chinese forces to interfere in the right to issue Hong Kong dollar notes for the time being.

It is even more impossible to cancel the right to issue notes from the two major banks, HSBC and Standard Chartered, at least for the time being, only these two banks are responsible, and this aspect must be firmly controlled by their British.

As for Li Guobao's statement that their Bank of East Asia has reached a crisis juncture, Crosel Tyshawn doesn't believe it, these banks have been preparing for too long, and it is said that each of them has a large amount of foreign exchange reserves, especially Tianyu Bank, which has tens of billions of US dollars in foreign exchange reserves, and this is only Xiangjiang, not counting their US dollar reserves in other regions.

If the Bank of East Asia really had a crisis, Tianyu Bank would have taken action a long time ago, where would it wait until this time, Li Guobao said this, but it was just for their forces to compete for interests.

Crosso Deshawn said: "Mr. Li, I am very aware of the situation of your major banks, Xiangjiang is currently facing unprecedented difficulties, and I hope that everyone can unite at this time to deal with the current predicament together, and at the same time, I also hope that Tianyu Bank can assume greater responsibility in this incident." ”

Yuan Tianfan didn't do it, now there is a problem, HSBC and Standard Chartered, as the banknote issuing bank, did not stand up, but asked them Tianyu Bank to come out, thinking of the United States, this time not to let the Bank of Hong Kong get the right to issue notes, Tianyu Bank will only take care of these banks of its own interest group, as for other banks, that is the matter of the Financial Authority, HSBC and Standard Chartered.

Yuan Tianfan said: "Mr. Tyshawn, we have a proverb in China, if you want the horse to be good, and want the horse not to eat grass, I don't know if you understand this sentence, we Tianyu Bank has no responsibility and no obligation to mention HSBC and Standard Chartered to solve the problem, the stability of the Hong Kong dollar is the responsibility and obligation of these two companies, now the Hong Kong dollar has a huge fluctuation, forget it if you don't hold it accountable, at this time the Monetary Authority also expects other banks to take responsibility, but I am afraid that it will be difficult to convince the public." ”

Crosso Tyshawn didn't quite understand the meaning of the proverb, but he could roughly guess it.

Yuan Tianfan's meaning is obvious, it is okay to make them responsible for Tianyu Bank, but the monetary authority must give them the power they deserve, so that they will fulfill their obligations.

It's just that at present, the British government will never give up the right to issue Hong Kong dollars, and there is no room for negotiation in this matter.

He said: "Shen Bi, Laven, the two of you should earnestly maintain the stability of the financial situation in Xiangjiang according to the situation of your bank, so that this turmoil can be smoothly passed. ”

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