Hong Kong Tycoon: Starting from Delivering Dongfeng Express

Chapter 171 Financial Secretary: I don't want to be put on the hot seat!

Hong Kong Island had already turned cold in late December, and pedestrians on the street were wearing sweaters and trench coats, with their hands in their pockets.

But the chilly wind couldn't dampen the reporters' enthusiasm. At this moment, a group of reporters who had come to hear the news had already gathered at the foot of the statue of the Goddess of Justice in front of the Hong Kong Island High Court.

Of these reporters, apart from a few who had worked with Ye Dongsheng from the beginning, the rest were attracted by the news!

After Sandy said that the Banking Ordinance was wrong and the Financial Supervisory Authority (FSA) had failed in its duties, this case was no longer an ordinary civil dispute. Instead, it escalated into a challenge to the banking industry's long-standing dominant position, a challenge to the Banking Ordinance, and a questioning of the FSA!

At the same time, this also concerns the legitimate rights and interests of millions of bank depositors in Hong Kong. The plaintiff Ye Dongsheng's successful defense of his rights could very well become the basis for judgments in similar cases in the future, ushering in a new era.

Therefore, this case will definitely attract the attention of the entire Hong Kong!

No journalist from any media outlet wants to miss out on the traffic generated by such a major event!
A moment later, Ye Dongsheng, with Sandy in tow, walked out of the courthouse with his head held high and a confident stride. A group of reporters who had been waiting eagerly quickly surrounded them.

"Mr. Ye, how did you feel after winning the case?"

"Mr. Ye, do you really earn a million a day?"

"Mr. Ye, would you like to give a portion of the money to Mr. Radar Dart, who transferred his deposit to you?"

"Mr. Ye, Daoheng Bank just publicly stated that the ruling was unfair and announced that it will appeal. Are you afraid of subsequent pressure from the banking industry or relevant departments, or will you reach a settlement with them?"

"Mr. Ye, Ms. Sandy, do you really believe that the Banking Ordinance needs to be amended?"

These reporters were treating Ye Dongsheng like a hot celebrity, bombarding him with all sorts of questions. Some gossip newspapers even asked him how many girlfriends he had, as if they wanted to expose every detail about him.

Gao Jin and several bodyguards surrounded Ye Dongsheng and Sandy, but seeing that they couldn't move an inch, Ye Dongsheng also stopped and smiled at everyone, saying:

I'm in a great mood right now!

Because I believe that the Hong Kong Island courts will uphold the legitimate rights and interests of citizens and will not allow a law-abiding citizen to be treated unfairly. They will give me a fair judgment!

The Hong Kong Island court gave me a satisfactory result!

Then he stopped talking and gave way to Sandy, not wanting to steal the spotlight.

Sandy spoke on his behalf: "I stand by my words in court. The Banking Ordinance is due for amendment and improvement. The Financial Supervisory Authority also needs to bear some responsibility for the current situation."

As for Dohen Bank's appeal, since we won once today, we can win a second and a third time!

We firmly believe that we are always on the side of justice, and we will not be afraid of any pressure!

After saying that, the bodyguards exerted their strength again, escorting Ye Dongsheng and Sandy into the car and leaving the scene.

As they left, several reporters were exchanging words:

"I never expected them to be so bold as to challenge the entire banking industry and the Financial Supervisory Authority! I just wonder what the Hong Kong government's attitude will be afterwards!"

"It will be very difficult to get the Financial Supervisory Authority to admit its negligence! If they support Dao Heng Bank, I don't think it will be so easy during the second trial!"

"Hey? How are you going to report back?"

"Of course we support them! Otherwise, what if the banks go bankrupt in the future?" "Exactly! And in times like these, we need to stand on the readers' side and help criticize the Hong Kong government to generate buzz!"

……

The following day, many newspapers and news outlets published reports on the case:
"Ye Dongsheng wins the case! Successfully challenges the Banking Ordinance!"

"Ye Dongsheng wins the case! Lawyer says: Financial Regulatory Bureau failed in its duty!"

Daoheng Bank has stated it will not compromise! Are there still uncertainties ahead?

"The HK$2000 million deposit case may trigger a banking earthquake. What is the Hong Kong government's stance?"

"Unveiling the plaintiff with 2000 million yuan in deposits, Ye Dongsheng, the 'Express Delivery King,' who became a billionaire in just six months!"

Many newspapers analyzed the results and criticized the current state of the banking industry and government inaction, with Wen Wei Po's criticism being the most representative:
"The victory in the Ye Dongsheng case is an outburst of dissatisfaction among Hong Kong Island bank customers with the banks' long-term aggressive encroachment on their legitimate rights and interests. It also represents the dissatisfaction and accusation of the Hong Kong Island citizens against the inaction of the Hong Kong Monetary Authority and even the Financial Secretary!"

clap clap clap!
This newspaper is being banged on in the Financial Secretary's meeting room in Murray House, Central!

The foreign director, looking at his group of subordinates around the conference table, began to hurl profanities:

"Look, all of you, look at how these newspapers are evaluating us!"
This morning when I came to work, a group of reporters at the door asked me what I thought about this case.
What can I say? Should I say that our Financial Secretary has been discussing this for two years and hasn't produced any results?!
Now even the Governor of Hong Kong is calling to ask me about the Banking Ordinance!

That's right. Actually, as early as two years ago, someone proposed to amend the Banking Ordinance, but unfortunately, the subsequent discussions failed to produce results and it was shelved. And then there were no results for two years.

The increasingly frequent bank defaults in the past two years have also sparked numerous discussions within the Hong Kong government. Several months ago, some government officials had already raised the idea of ​​amending the Banking Ordinance.

However, everyone understands that the Hong Kong government also inherited the fine traditions of Great Britain, with extremely low administrative efficiency. Repeatedly discussing this matter may not yield any results.

However, the case of Yip Tung-sing has now drawn the attention of the entire city of Hong Kong, bringing the issues surrounding the Banking Ordinance to the forefront. Faced with the overwhelming public opinion, the pressure has suddenly shifted to the Financial Secretary.

The reason for these bank-biased regulations was that the government would have difficulty taking over all the bankrupt banks and wanted to find someone to share the burden.

Therefore, in this situation, certain benefits must be offered to the acquiring party in order for someone to be willing to take over.

While it cannot guarantee the interests of all depositors, it can at least allow some depositors to get their money back, thus maintaining social stability to a certain extent. As for the remaining unlucky ones, they can only become victims.

After all, solving some of the problems is better than not solving them at all.

In those days, whatever the Hong Kong British government said went, and resistance was futile.

However, with the economic boom, the release of the Sino-British Joint Declaration, and the inevitable return of Hong Kong Island to China, public opinion from all sectors of Hong Kong society and the opinions of ordinary citizens can put a lot of pressure on the Hong Kong government.

The old foreign man banged on the table and roared:

"We need to come up with a solution as soon as possible. This issue is bound to gain more traction, and I don't want to be stuck in this mess before I retire!"

PS: I'll release another 2K chapter during the day. The next chapter will introduce a group of ruthless bandits.

(End of this chapter)