The executive body of the Hong Kong Government is the Chief Secretary for Hong Kong, and its supreme chief is the Chief Secretary, whose status is second only to that of the Governor of Hong Kong, and in his absence, the Chief Secretary acts as the Governor of Hong Kong, and his name is the Acting Governor.

There are 14 policy divisions under the Chief Secretary Department, and dozens of administrative departments such as departments, divisions, and bureaus under each section have jurisdiction over almost everywhere, such as the administrative departments below the Security Division: the Security Division, the Police Department, the People's Immigration Department, the Correctional Services Department, the Fire Services Department, the Auxiliary Medical Service, the Civil Security Service, the Royal Auxiliary Police, the Royal Auxiliary Air Force, the Royal Auxiliary Corps, etc.

The Chief Executive of the Department of Justice is the Secretary of Justice, who is the legal adviser to the Governor and the Hong Kong Government, and is responsible for the legal direction of the various executive departments, but does not specifically manage the Chief Secretary and related administrative agencies.

The Financial Secretary is the administrative body that manages the financial policies and work of the Government, and assists and supervises the specific administrative work of the Economic Branch, Finance Branch, Commerce and Industry Branch, and Public Works Branch within the Chief Secretary of the Administration.

If Rong Le wants to enter the banking industry in Hong Kong, he will naturally have to deal with the Chief Secretary and the Financial Secretary.

In order to optimize the size and structure of the banking industry, limit the blind development of deposit-taking companies and the blind development of the banking industry, strengthen the status of licensed banks and the binding force of interest rate agreements, so as to improve the stability of the entire banking industry and the ability to cope with crises.

In 1983, the Hong Kong government implemented a three-tier financial system, a new banking system consisting of three levels of financial institutions: licensed banks, licensed deposit-taking companies and registered deposit-taking companies (such as silver banks).

At the same time, the Hong Kong government has clearly divided the operating standards and business scope of these three types of depository institutions, and supervised them.

The minimum capital and paid-up capital of a licensed bank are HK$100 million, which is much higher than before the implementation of the three-tier system, and the licensed bank has a wide range of businesses, including accepting deposits of various types and maturities, issuing various loans, engaging in overseas foreign exchange, foreign exchange trading, securities investment, trust and insurance agency, etc.

Licensed banks are required to join interbank unions and are therefore strictly bound by interest rate agreements (deposits of more than HK$500,000 for less than 3 months, and deposits of any amount for more than 15 months are exempt from the maximum interest rate).

The minimum capital of a licensed deposit-taking company is HK$100 million, the paid-up capital is HK$75 million, and it must apply for a business license from the Financial Secretary, and the business scope of a licensed deposit-taking company is also subject to a certain degree of restrictions.

Only time deposits of more than HK$500,000 (time deposits of less than HK$500,000 and demand deposits of any amount are not acceptable) and engaging in various wholesale businesses, including securities underwriting, financial services and advisory, syndicated loans, trading of negotiable certificates of deposit, etc., are not subject to interest rate agreements.

A registered deposit-taking company must have a paid-up capital of HK$10 million and apply to the Commissioner for registration, and the scope of business of the institution is more restricted, and it is only allowed to accept time deposits of less than HK$50,000 with a maturity of more than 3 months.

Later, next year, the Hong Kong government raised the minimum deposit amount of 50,000 Hong Kong dollars to 100,000 Hong Kong dollars, and the institution can engage in wholesale financial business, such as mortgage loans, stocks, bonds, foreign exchange, gold, insurance agents, etc., and registered deposit-taking companies are not subject to interest rate agreements.

After the implementation of the three-tier financial system, the number of licensed banks has been increasing, while the total number of deposit-taking companies such as banks has gradually decreased.

Although Xiangjiang has now opened the license application for licensed banks, it is still extremely troublesome to go down a set of procedures, and if it is done from scratch, it will involve a lot of Rongle's mind, and at the same time, some businesses of licensed banks can be carried out by the Hong Kong government, but they still need to apply, which is a very troublesome process.

Therefore, after many considerations, Rongle believes that the most suitable way to enter the banking industry in Xiangjiang is to acquire a private bank, so Rongle now has two choices, one is to acquire their original bank equity from the owners of the private bank, and the other is to acquire the bank that is now taken over by the Hong Kong government.

Rongle's final decision is to take a two-pronged approach, which will also allow it to quickly expand its influence in the banking industry.

The first target Rong Le set his sights on was Hang Lung Bank, which was taken over by the Hong Kong government in 1983!

Hang Lung Bank, formerly known as Hang Lung Bank, was registered as Hang Lung Bank in 1965, and was later acquired by the Philippine Unified Agency headed by Zhuang Rongkun and Zhuang Qingquan, who are from Fujian Province, at a price of 50 million Hong Kong dollars, and became a major shareholder.

After the acquisition, Hang Lung Bank grew rapidly to 28 branches in the early 80s, making it a medium-sized local bank.

The reason why Hang Lung Bank was taken over by the Hong Kong government was precisely because they did not escape the collapse of the real estate industry in the previous two years, when Hang Lung Bank overinvested in the early 80s, during the peak of the real estate industry, and as a result, the real estate industry collapsed and Hang Lung was deeply mired in the mud and could not extricate itself.

The origin of everything starts from 1982, in Xiangjiang has a history of nearly 100 years Xie Li Yuan gold shop collapse starts, at that time the market was rumored to be close to Xie Li Yuan gold shop and Hang Lung Bank, Xie Li Yuan gold shop collapse triggered a run on Hang Lung Bank, Hang Lung Bank was withdrawn more than 70 million Hong Kong dollars in one day, fortunately Hang Lung Bank responded quickly, in addition to the head office in the emergency transfer of tens of thousands of Hong Kong dollars in cash, sent to the branches affected by the run, and held a press conference at the head office, by its legal counsel to prove that Hang Lung Bank and Xie Li Yuan gold shop has no financial relationship, the situation can be regarded as a temporary subsidence。

But blessings are incomparable, and disasters are not alone.

In November of the same year, Hang Lung Bank broke the news again that a relatively large Diners Club Finance Company in Heung Kong was suspended and liquidated. Two directors of Hang Lung Bank, including Managing Director Chong Wing-kun, are also directors of Diners Club, so the solvency of Hang Lung Bank has once again been questioned.

Hang Lung Bank survived until September 1983, when an unprecedented financial crisis broke out in Hong Kong, and in order to make up for the net loss of the unsettled accounts, Hang Lung Bank requested an overdraft of HK$50 million from its bill settlement bank, Standard Chartered Bank, for a cheque of HK$1.18 billion, which was refused.

In view of the fact that the collapse of Hang Lung Bank could trigger a new round of banking crisis and cause major turmoil in the financial system, the Hong Kong government immediately convened an emergency session of the Legislative Council and passed the Hang Lung Bank (Takeover Ordinance) in a flash third reading, authorizing the Government to use the Exchange Fund to take over Hang Lung.

After the Hong Kong government took over Hang Lung Bank, a new board of directors headed by the Financial Affairs Department was formed, and the manager of the credit department of HSBC Bank was appointed as the general manager, and the unified body of Hang Lung's holding company was immediately suspended and liquidated.

Half a year later, the truth of Hang Lung Bank was revealed, the bank's loss was as high as HK$336 million, of which the amount of up to HK$266 million was borrowed by the company's directors and related institutions with very little collateral, and the fuse of the bank's takeover was a debt of HK$800 million owed by Diners Club to Hang Lung Bank, and this debt was discovered by Standard Chartered Bank, so Standard Chartered Bank, which has always supported Hang Lung Bank, chose to give up its continued support in the end and exposed the problems of Hang Lung Bank.

In order to save Hang Lung Bank, the Hong Kong government injected HK$300 million into Hang Lung Bank through the Exchange Fund, which can be regarded as helping Hang Lung Bank tide over the difficulties.

Although Hang Lung's performance has rebounded, it is still in a state of loss.

However, even so, it is not a simple matter for Rongle to acquire Hang Lung Bank in the hands of the Hong Kong government, after all, Hang Lung Bank is gradually improving its performance, and everything is developing in a favorable direction.

"Xi Hua, help me make an appointment with the Financial Secretary, Sir Brittlech, and inform the company's strategic planning office to come up with a feasibility report on the acquisition of Hang Lung Bank. Rong Le sat in his office and commanded.

If you want to get Hang Lung Bank in the hands of the Hong Kong government, you must first get the support of the Financial Secretary, and now the Financial Secretary is none other than Sir Brittle.

Chen Xihua has been sitting opposite Rong Le, as Rong Le's exclusive secretary, of course, she knows that Rong Le has always wanted to get involved in the banking industry, and now she heard that Rong Le asked him to contact the Financial Secretary Billy Rich, and asked the strategic planning office to come up with a feasibility report on the acquisition of Hang Lung Bank, thinking that Rong Le has already begun to take action, and set the target on Hang Lung Bank, which is being taken over by the Hong Kong government.

"Okay chairman!"

......

Rong Le wants to make his own banking industry the largest Chinese-funded bank in Xiangjiang, and according to his appeal, it is naturally lacking, so Rong Le needs to find his first ally.

And this ally is in the Xiangjiang Chinese consortium, has an incomparably powerful influence of the Tsar, if this bank has the addition of Tsar Huo, Rong Le and Huo Tsar Xiangjiang, the two most influential Chinese billionaires, join forces, then Rong Le's plan has been partially successful.

That night, Rong Le personally visited the Tsar and gave his plan to the Tsar Huo straight to the point.

After listening to this, Huo Tsar fell into deep thought, Rong Le's idea of getting involved in the banking industry, he heard it for the first time, and it was also the first time that Rong Le preached to outsiders that he wanted to set up a largest Chinese-funded bank in Xiangjiang.

"Ah Le, you mean you want me to take a stake in this bank?" asked Tsar Huo, looking at Rong Le.

"Yes, my influence alone has always been limited, if Huo Bo can join, plus Huo Bo's influence, then it must be twice the result with half the effort!" Rong Le did not hide his desire to use Huo Tsar's influence at all.

"Haha, you're being honest, so even if I join, I won't get too many shares?" said Tsar Ho.

"I have always regarded Huo Bo as my elder, and there is nothing to hide about this kind of thing, as for the shares, I can only give Huo Bo 5% of your shares at most!" Rong Le said with a smile, although Huo Tsar is no longer involved in the business world of Xiangjiang now, Huo Tsar is the most successful businessman in Xiangjiang.

Even if Rong Le didn't talk about it, Huo Tsar would definitely be able to guess Rong Le's intentions, which would not be beautiful.

Once the bank is established, Rongle will continue to absorb the shares of the Chinese consortium, only the interests are tightly tied together, in order to make the Chinese consortium more united, Rongle believes that the original nature of people is good, but Rongle is more firm, only interests are eternal, this truth.

The shopping mall is like a battlefield, and it is impossible to simply rely on the so-called human nature to unite everyone, in that case, Rongle will be played to death sooner or later.

"You don't have to put a top hat on me, but Ah Le, this matter is not a trivial matter, if you have this plan, you must be prepared for the possibility of being suppressed by HSBC, although HSBC seems to be very supportive of the Chinese consortium in Xiangjiang, but that is because these Chinese consortiums have not affected HSBC's status in Xiangjiang. Since you have the intention to make the bank the largest Chinese bank, and the main customers are all Chinese consortiums, then at that time, you were the main competitor of HSBC, and I think that at that time, HSBC will not be as kind as it seems now!" reminded Tsar Ho.

"Back then, Liao Chong Hing Bank ran on the trend, and Liao Baozha's angry and desperate roar is still vivid!"

When Liao Baozha founded Liao Chong Hing Bank, what a glorious situation, it was because he attracted a group of Chaoshan businessmen to help, and it was precisely in this way that HSBC's cake was moved.

Later, Liao Chong Hing Bank suddenly ran on the storm, and within 3 days, more than 20,000 customers were run, and the total amount of deposits lost was 30 million Hong Kong dollars.

This was 30 million Hong Kong dollars in 1961, when Liao Chong Hing Bank had only two ways, one was to declare bankruptcy and accept liquidation, and the other was to cut the flesh and protect the bank, praying for a comeback in the future.

At that time, Liao Baozha asked for help in many ways, and his friends who had a good time with him, or other banks were the objects of Liao Baozha's help, but everyone refused for various reasons.

At that time, Liao Baozha hugged his head and cried, and shouted angrily and desperately: You don't save when you see death, you don't save when you see death!

Human nature is inherently good, and goodness can be thrown away in the face of interests......

Later, after Shen Bi served as the senior class of HSBC, he bluntly said a very famous sentence: We will not fund competitors who harm our interests!

Now Rongle wants to establish one of the largest Chinese-funded banks, it must touch the interests of HSBC, at that time Rongle is no longer a friendly partner of HSBC, but a direct competitor of HSBC, for opponents, HSBC has never been a good person......

"HSBC is indeed more troublesome, but I have a way to deal with it!" Rong Le said confidently, rules are used to break, and patterns are also used to break.

"Ah Le, this matter can't be taken lightly, I remember that you still have a loan of 5 billion Hong Kong dollars in HSBC, and it is very likely that HSBC will take the possibility of withdrawing the loan at that time. Tsar Huo said worriedly.

"Hob, the mall is like a battlefield, there are so many warm days there, I believe I can survive these difficulties!" Rong Le said confidently.

"Do you want to bring in the Bank of China Group?" said to Emperor Hoksar.

"I don't want this bank to have too much politics in it!" Rong Le shook his head. I want to chat with more like-minded people about "{?$article_title?} ", WeChat pays attention to "excellent reading literature", chatting about life, looking for confidants~