Reborn In Hong Kong: The Tycoon Grows Up - Chapter 527
Library

Chapter 527

The collapse of Xie Liyuan Gold Shop triggered a run 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, it wasn't long before the Iron Lady left, and he didn't want to be seen as a joke.

Youde somewhat regretted selling so many war bonds in Hong Kong before. If you have 5 billion British editions in hand, then dealing with all this will not be a problem. At present, the Hong Kong government's fiscal deficit is staggering, and it has no money to save Hong Kong's financial market.

The United Kingdom will definitely not care about these things. The money has already been spent, and it is harder to get it back than to go to heaven.

Governor Yoder looked at the bankers and heads of financial institutions sitting below, and now he can only pin his hopes on them. If these people do not take action, the Hong Kong financial system will face collapse.

Youde adjusted his tie and said, "You are all the heads of the major financial institutions in Hong Kong. You can be said to be the wallets of the people of Hong Kong. You must have known that I called you this time. The closure of Xie Liyuan Gold Shop and Hang Lung Bank recruited Run, Hang Lung Bank is in a very dangerous situation at this time, if no one takes a hand to pull them, it is likely to collapse.

"Therefore, the Hong Kong government hopes that everyone will work together to help Hang Lung Bank overcome the difficulties. This is not the business of Hang Lung Bank. If things are not handled properly, it may cause a chain reaction, which will bring destruction to the entire Hong Kong banking industry. disaster."

The banker has already sent a distress signal to Governor Youde through Joante. In Zhuang Rongkun's opinion, the Hong Kong government may not get a penny to take over the banker, but if he is bought by someone and checks the old accounts, he will be imprisoned.

Shen Bi, as HSBC's chief executive, has always belonged to the emperor in Hong Kong's financial industry. Even the Financial Services Department has to look at his face and act. Basically, when the Governor finishes talking about any major event, everyone will give him the opportunity. This has become a practice.

Shen Bi: "Hang Lung Bank doesn't have much business dealings with HSBC. They have close contacts with Standard Chartered Bank and Hua Xia Bank Hong Kong Branch. In addition, Standard Chartered Bank absorbed a lot of deposits yesterday. I think Mr. Sanderson has the most say."

Shen Bi's words made everyone at the scene, including Governor Youde, disagree very much. HSBC plays the role of a quasi-central bank in Hong Kong. Now that something happens, it starts to push two, five or six. This is a typical example of not wanting to take responsibility.

Although there is no affiliation, HSBC has always been the bank that occupies the most resources of the Hong Kong government. It has a guiding obligation to other banks in Hong Kong, and also holds 70% of the minting rights. Standard Chartered Bank does not have so many privileges. Now that there is a problem, Standard Chartered will take action. Is HSBC looking at it like this!

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

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

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

Bauhaus-Sanderson knew that even if Shen Bi agreed to give up the coinage, it would be useless, and the board of directors of HSBC would definitely come forward 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 set out the conditions, everyone is waiting for Shen Bi to take over.

In fact, Shen Bi can't tell how hard he is now. At this time, the loss of foreign exchange from HSBC is very serious. In recent days, HSBC has exchanged a lot of foreign currency out, causing the bank's foreign exchange reserves to be stretched. HSBC has not had much foreign exchange income since the black cloud account was cancelled, and these are the wealth they have finally saved.

At the same time, HSBC issued a lot of loans, and the loans of Heung Kong Real Estate Company were almost monopolized by them. Now that the real estate market is in a downturn, HSBC is the most affected.

In addition, several shareholder loans of Bao Huodong Mining Company were lent from HSBC. Just a few days ago, Li Chaoren also borrowed 1 billion Hong Kong dollars from HSBC to pay Bao Zixuan to buy shares.

Shen Bi: "The right to mint coins has long been established. To be precise, it was established in the era of Mr. Sanderson's great-grandfather. The credit system has already been formed, so it is not easy to change it."

"It's not impossible for HSBC to make a move, but I hope you can exchange some dollars and yen for HSBC. Now HSBC's foreign exchange reserves are in a hurry, and people in Hong Kong are exchanging dollars, yen, gold, etc. on a large scale. Among them, come to HSBC to exchange The largest number of people.

Youde heard some truth. It was unrealistic to ask the HSBC family to contribute money at this time, so he said: "Everyone is in a critical period in Hong Kong now. You must all understand what Shen Bi Taipan said. I want to keep the credit of Hong Kong dollars. There must be enough foreign exchange for the exchange of Hong Kong dollars in the system. HSBC is indeed facing a lot of pressure. If you still have foreign exchange balances in your hands, please do not hide them privately. The credit system of Heungkong Financial needs a lot of foreign exchange support.

After Youde finished speaking, everyone present stopped talking. Now even if you have foreign exchange, you don't dare to talk nonsense, you have to save your life. At this time, every bank in Hong Kong was faced with the requirement to exchange foreign currency, and it would be better to give it to HSBC.

Seeing that everyone was looking at him, Bauhaus-Sanderson knew that he could not escape. After thinking for a moment, he said: "Standard Chartered Bank does have some foreign exchange, but it is not from our bank. It is Heiyun Group's deposit in Standard Chartered Bank. Yesterday, it even used part of the emergency in private. If Heiyun Group needs to use money at this time, It is impossible for Standard Chartered not to pay.

"If all foreign exchange is exchanged for HSBC, then what will Standard Chartered pay for? Bank credit will be damaged if they refuse to pay, and Hang Lung will not be the only one that will go bankrupt, Standard Chartered should also be counted among them.

Hearing that Heiyun Group has a large amount of foreign exchange in Standard Chartered Bank, everyone at the scene is full of greed. Everyone knows a thing or two about where the money went after the Black Cloud Group sold its accounts from HSBC.

Youde won't let the Bank of Japan save the Hong Kong financial system. Even if they promise to do it, the requirements will be very harsh. It was no different from bringing wolves into the room, and he did not dare to take this risk.

But Youde didn't dare to ask Standard Chartered Bank to exchange Bao Zixuan's foreign exchange deposit with HSBC. If he knew that Standard Chartered felt like doing this, he would definitely be Bauhaus-Sanderson next to be unlucky. Before the conflict between Heiyun and HSBC, although others were not in Xiangjiang, they knew something.

Bao Zixuan even dared to go to HSBC to sell accounts, what else he dared not do. At this time, it can be said that it is a dilemma. Youde is more of a politician, and the economic field is not his strength, so he turned his attention to the Director of Finance.

The Director of Finance of Hong Kong has always been the most embarrassing existence. There is the Governor and a Taishanghuang HSBC Taipan. However, the current HSBC executive, Shen Bi, is an unusually strong person. Most of the economic policies are made by him. The Finance Department is basically a decoration.

The Governor has already named ~www.mtlnovel.com~ and he cannot say nothing; so the Director of Finance said: "The main crisis at present is that Hong Kong citizens do not believe in the Hong Kong dollar, and they sell a large number of international currencies such as the US dollar and Japanese yen. The second is the Hang Lung Bank got a run."

"Actually, 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 in Hang Lung Bank, so that all crises can be solved."

After the Director of Finance finished speaking, the first thing that came to mind in the minds of the bankers and financial institutions present was Bao Zixuan of the Black Cloud Group. Currently, only Bao Shou 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!"

A few days ago, Bao Zixuan asked someone to pay a special visit to the Director of Finance. This was the best chance for the Finance Department to turn around. After being suppressed by Shen Bi for so long, he was finally able to raise his eyebrows. This **** is playing its due role.

Director of Finance: "This requires His Excellency the Governor to persuade himself. I think Bao Zixuan will not lose face to you. At the same time, it can also show His Excellency the Governor's determination and responsible attitude towards things."

With Youde agreeing to the request of the Director of Finance, this financial meeting of the Hong Kong government came to an end. Of course Shen Bi knew that this was Bao Zixuan's game, but he had no way to stop it. What people use is Yang Conspiracy, that is, you know what to do, but you can only watch your opponent get things done.