In Hong Kong, we build a global business empire
Chapter 607: 1 They are just a bunch of unruly people. What explanation do you need?
As the news spread, the number of investors flocking to the vicinity of the China Securities Regulatory Commission's headquarters in Central China increased dramatically, and soon exceeded a thousand.
The crowd was so bustling and massive that even the originally spacious and unobstructed six-lane road was completely blocked.
Last Friday, the news that Lin Haoran took over Bank of East Asia spread like wildfire.
For a time, many investors who had no interest in this stock also followed suit and bought Bank of East Asia shares.
Many big market makers and major shareholders who received the inside information in advance took this opportunity to continuously sell off their shares of Bank of East Asia, and many small shareholders stepped up to take over.
Especially this week, the Li Peicai family secretly sold off a large number of stocks, causing the number of retail shareholders of Bank of East Asia to increase sharply.
Although the number of investors who have gathered here in a short period of time seems to be large, in fact, they are only a small part of the many related investors.
You should know that the number of stocks sold by Li Peicai's family alone in just a few days reached more than 20 million shares.
As time went by, more and more shareholders gathered at the Central Securities Association's office headquarters, and together with people who came to watch the fun, the number soon exceeded five thousand.
Inside the office of the Securities and Futures Commission, the Hong Kong Securities and Futures Commission Commissioner and Chairman of the Takeovers and Mergers Committee, Mark Smith, sat on a chair, looking through the glass at the crowded and noisy scene downstairs, his brows furrowed into the shape of a "川" character.
Long before these people arrived, he had received a telephone report from the Hong Kong Stock Exchange, so he asked the security guard to lock the door early and then called the police, intending to have the police come and drive away these troublemakers.
The police did come, but they were all nearby patrol police, only a dozen of them. How could they be of any use facing thousands of stock investors?
The police stood at the edge of the crowd, holding batons, trying to maintain order, but the investors were so emotional that they ignored the police's intimidation.
The crowd surged forward wave after wave like a surging tide. The police were squeezed to the ground and the cordon was torn into pieces.
Events gradually got out of control, and a tense and oppressive atmosphere spread in the air.
The shouting and cursing of shareholders seemed to be about to overturn the office building.
"Give us back our hard-earned money!" "The Hong Kong Banking Association violated the principle of fairness" and "The SFC must be held accountable!" The slogans were deafening, and many investors even began to push the police, trying to break through the defense line and rush into the SFC building.
If this continues, the building where the Securities and Futures Commission is located will sooner or later be invaded by these stock investors.
Locking the door did not do anything at all.
In Kangle Building, Lin Haoran, who had just returned from the Bank of East Asia headquarters building, was standing in an office on the 51st floor. He could clearly see the crowd gathered at the Securities and Futures Commission building.
Without asking his subordinates to report, he could guess why these investors were gathering there.
The decline in the share price of Bank of East Asia is indeed related to him. As the current boss of Bank of East Asia, he has not responded to anything about it, nor has he expressed his own opinions and actions, which has further aggravated the incident.
But what does this have to do with him? He had just taken over the Bank of East Asia. Logically speaking, as a major shareholder, he should be the biggest victim!
Therefore, this is also the reason why Lin Haoran can stay out of this matter, and indeed no ordinary shareholders will cause trouble for him.
Even from the public opinion that Lin Haoran investigated through intelligence, it can be seen that there are even many citizens in the market who feel sorry for him because he suffered heavy losses due to unfair competition from Huifeng Bank.
"Make a fuss, the bigger the better!"
Looking at the surging crowd over there, Lin Haoran smiled, not at all bothered by the difficulties that Bank of East Asia was facing now.
The focus shifts to the Securities and Futures Commission building.
"Commissioner Max, the police can't control the situation now. Many shareholders downstairs are clamoring to see you, saying that you must give them an explanation." The secretary rushed into the office anxiously, with sweat on his forehead.
Max's face became increasingly gloomy. He stood up and paced back and forth in the office, thinking about how to deal with the situation.
"These stock investors are overwhelmed by market fluctuations and simply don't listen to advice. But if this matter is not handled properly, the credibility of the CSRC will be greatly reduced," he muttered to himself.
He knew very well that the actions of Huifeng Bank and the newly established Hong Kong Banking Association were undoubtedly a blatant violation of the principle of fair competition in the financial market.
Under normal circumstances, he should really step in to stop this kind of thing.
However, this time the Hong Kong Banking Association represented most of the banks in Hong Kong, and the matter was initiated by the Huifeng Bank. Their government agencies have always been on the same interest chain with these British financial groups, and there are intricate ties between them.
Therefore, Max had no intention of intervening in this matter at all and wanted to delay it as long as possible.
In addition, there are no relevant legal provisions that can quickly and accurately deal with such complex violations involving multiple forces and new financial operations. He really has no intention of caring about it and plans to turn a deaf ear to it.
However, what he did not expect was that these shareholders would actually come to their Securities Regulatory Office and make a scene, making it impossible for him to hide.
If I continue to remain silent like this, the situation will only get out of control, and both myself and the CSRC will be pushed to the forefront of public opinion and become the target of public criticism.
"Hasn't the police station sent a large force over yet?" Max looked up and asked the secretary.
"Commissioner Max, the entire Queen's Road Central and Des Voeux Road Central are jammed because of these stockholders. The traffic jams in the surrounding areas are getting worse. The police department's large fleet of vehicles is temporarily blocked on Queensway. They have no choice but to park a kilometer away and walk here. It is estimated that it will take at least ten minutes to get here!" The secretary replied quickly. Ten minutes, judging from the attitude of the stockholders, how can they afford to wait for ten minutes?
"Go and get ready. I'll go downstairs and talk to the shareholders myself." Mai Si gritted his teeth and made this difficult decision.
"Commissioner Max, I suggest you talk to them at the second-floor window. Considering their current mood, I'm worried that you'll be in danger if you go downstairs," the secretary suggested.
Max couldn't help but give her an admiring look. Indeed, he didn't dare to gamble with his own life.
So, Max quickly came to a window on the second floor, pushed it open, and held a silencer in his hand.
And under the window are the emotional investors.
Such a big event here has already attracted the attention of media from all sides.
Reporters carrying cameras and holding microphones struggled to move through the crowd, or were unable to squeeze in from the periphery. They all had one thing in common: trying to capture the most explosive images and the most exclusive interview content.
Flashes of light went off one after another, and shutter sounds were heard incessantly, pushing the already lively atmosphere to a climax.
Max stuck his head out of the window, and the crowd of stockholders downstairs immediately spotted him. The originally noisy crowd quieted down for a moment, and then broke out into even more intense shouts.
"Commissioner Max, you finally showed up! The Securities and Futures Commission must give us an explanation today!"
"Because of Huifeng Bank, all our hard-earned money has gone down the drain. Will the Securities Regulatory Commission do anything about it?"
……
The stock investors all said their own things, and the noise at the scene became even more chaotic.
After all, this was a temporary decision to gather here, so there was no cohesion among everyone, and they were mostly venting their dissatisfaction.
Max took a deep breath, put the megaphone close to his mouth, and said loudly: "Dear stockholder friends, please calm down and listen to me!"
The noise in the crowd died down a little, but there were still many people whispering to each other with angry looks on their faces.
Max cleared his throat and pretended to be sincere, "I understand how you feel at the moment. Regarding the Bank of East Asia, our Securities and Futures Commission has been paying attention to this matter and has launched an investigation."
"Investigation? The Hong Kong Bankers Association announced this matter so openly, but I haven't heard you say anything about it. What on earth are you doing?" A stockholder standing at the front shouted at the top of his voice, immediately attracted a wave of agreement from the people around him.
Max waved his hands quickly, holding the mute device and explaining to the stockholders below: "Financial market investigations are inherently complex, involving many links and a large amount of data, and it takes time to unravel them. In addition, there may be some complex operations behind this incident, so we must not act rashly.
But don't worry, I will meet with Mr. Shen Bi and Mr. Lin Haoran, the key figures involved in this incident, as soon as possible, and give you a reasonable investigation direction and preliminary results feedback as soon as possible.
So, please disperse first, and don't gather here to cause trouble. This will not only affect traffic order, but also be detrimental to the resolution of the problem. Our Securities and Futures Commission will definitely uphold the principles of fairness and openness and give everyone a satisfactory explanation. "
However, as soon as Max finished speaking, a voice of doubt arose from the crowd.
"Don't fool us with these official words! We have waited for so long, and all we get in return is these excuses from you?" A middle-aged stock investor shouted angrily. His voice resonated with the crowd, and many people began to agree with him.
"That's right! No one will care about us if we disband, and you will then turn a deaf and dumb again!" another stockholder shouted loudly, very emotional.
Max had an impatient look on his face. If there hadn't been so many people at the scene, he would have left long ago.
In Max's view, the Hong Kong government agencies are there to serve the British.
They are just a bunch of unruly people, what explanation do you need?
At this moment, he suddenly saw a group of police officers suddenly rushing out from the right side of the crowd, numbering at least hundreds.
These policemen were obviously sent by the Hong Kong Police Department.
Suddenly, Max felt confident again.
He straightened up, put the loudspeaker closer to his mouth, and suddenly raised his voice a few notes: "Dear citizens, the police have arrived to maintain order. There is no point in everyone continuing to make a fuss like this.
I promise again that the Securities and Exchange Commission will give a result as soon as possible. Now, please cooperate with the police and leave here in an orderly manner. "
Thousands of people were ultimately a group of scattered sand. Although they were unwilling to leave, they had no choice but to leave the scene unwillingly when they were driven away by police officers with guns.
Max's idea was to delay time. He never thought about solving the matter seriously. In the end, the matter was left unresolved.
Asking him to impose punishment on Huifeng Bank? This is impossible.
There are so many unfair competitions that British financial groups such as Bank of England and Jardine Matheson have engaged in over the years!
Without the secret support of these government agencies, how could they be so unscrupulous? (End of this chapter)
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