Reborn Capital Madman

Wei Yixin, the new governor of Hong Kong, is inferior in terms of qualifications, or can be described as weak, so that everyone can feel more relaxed. It is not just Gao Xian who has this idea.

After all, Xiangjiang has entered a period of transition, and there are only a few years left of the privileged era of ghosts. It is difficult to hold back the true thoughts in one's heart. Digging holes in Xiangjiang is work, and making money is life. Just like specializing in business

Tang Mingzhi, the Attorney General of Law and Maritime Law, has long been qualified to practice law in Hong Kong and has been planning to run his own law firm well after leaving the Hong Kong government.

After you expressed your determination to support the new Hong Kong governor, everyone dispersed. It was quite hard to go through this inauguration ceremony.

When Sir Gao and Wei Yixin said goodbye, they made an appointment to have a meal together in private during their free time. He was one of those who left the Government House neither early nor late. As for the Huifeng Taipan Pu Weishi and others who stayed behind, would they talk about it?

I don't care at all about the villain's words.

To put it bluntly, now that the situation has reached its current stage, the rhythm is more in Gao Xian’s hands.

For example, Sir Gao finally made the decision. Referring to the disposal model of Conian Bank, Ka Wah Bank was sold, and the buyer was also confirmed. After the withdrawal, re-evaluation and cancellation of share capital, CITIC Bank

After a series of transactions, K. Wah Bank invested 350 million and acquired 91% of the shares. As for K. Wah Bank's bad debts, if the losses are unavoidable, the Exchange Fund will bear them.

Even though Connian Bank was sold directly to First Pacific Group in three small steps and five divisions, there was almost no stir. However, after the news of CITIC's acquisition of Connian Bank was announced, there was a lot of noise.

The loudest voice is undoubtedly that CITIC has taken advantage of it. Just looking at the number of branches, Carnival Bank has 27 branches in Hong Kong, far more than Conifer Bank's four. Anyway, the bad debts of Carnival Bank are borne by the Hong Kong Exchange Fund. As long as the custody

If the committee holds an open bidding, it will definitely sell for more than 350 million. The posture is simply beating one's chest and feet, and vividly demonstrates that one must rebel against the opponent.

When the Hong Kong Exchange Fund Administration announced this transaction, it was very indifferent and reiterated the shortcomings of banks with old custody problems. For example, the Overseas Trust Bank Group, which is currently under custody, optimistically estimates that it will have to wait until next year to recover from losses.

The status has turned into a slight surplus. As for the time when the trusteeship will be ended, it is not easy to judge prematurely.

Under such circumstances, it is not difficult to understand that after the Hong Kong Exchange Fund Management Bureau temporarily took custody of the new problem banks-Conian Bank and Ka Wah Bank, it decided to sell them as soon as possible.

As for the selection of the acquirer, it is all carefully considered and is the best choice under the current circumstances, combined with financial resources, background and other factors.

Obviously, there were some words that Gao Xian was not suitable to say while sitting in the position of President of the Hong Kong Exchange Fund Administration. However, he would not tolerate clowns fanning the flames and damaging his own prestige. He immediately secretly instructed the media people he had friends with to fight back.

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At this stage, the degree of entertainment in all aspects of Hong Kong society has become very obvious. This is reflected in this game of public opinion. Debates have become wars of words, with laughter, anger, and sarcasm.

For example, if you are shouting so happily, then Jianian Bank is mainly concentrated in Singapore and Malaya. You should recover the bad debts! Or bring Liu Cansong and the principal criminals back to Xiangjiang for trial and sentencing! In order to investigate a Jianing business fraud

The government spent HK$100 million on the case, but the result is still unclear. How much do you think it will cost to dispose of K. Wah Bank according to the original model?

The more fierce this debate gets, the more embarrassed the Hong Kong government will be under the control of the ghost guy.

In fact, as the third Hong Kong Governor with a background as a diplomat, Wilson is quite well-organized and thinks there is nothing wrong with Sir Gao's decision to choose CITIC to acquire Ka Wah Bank.

Therefore, Gao Xian stopped short and laid out the long-awaited dinner aimed at proactively fighting for the supervisory authority of Hong Kong's banking industry, that is, summarizing the experience and lessons of Hong Kong's banking industry crisis since the early 1980s.

On the basis of this, the research report on improving the supervision mechanism of Hong Kong's banking industry was grandly announced, and it was unabashedly hoped that it could become the newly revised version of the "Hong Kong Banking Regulations".

By the way, I would like to point out that when there was a banking crisis in Hong Kong in the past, the Hong Kong government, under the control of Gui Lao, invited experts from the UK to conduct research, and then based on the report, further improved legal provisions were formed and promulgated and implemented.

Now this set of procedures is being completed by the Hong Kong Exchange Fund Management Bureau under the leadership of Gao Xian. In terms of specific aspects, British experts are still invited as usual, but they cannot just listen to one person's opinion. For example, Wall Street professionals are also invited to consult.

Everyone understands the dominance of subtle checks and balances.

After the release of this valuable research report, no one paid attention to the inappropriate clown drama of Carnival Bank, and it was quickly squeezed out of the media sector.

However, the role of K. Wah Bank as a problem bank is still there, even not small, because many of the contents of the research report use K. Wah Bank as a typical negative teaching material to explain how the regulations can be newly established, or revised and improved.

The image is lifelike and the targeted medicine is self-evident.

To give a simple example, K. Wah Bank is actually controlled by Liu Cansong from Singapore. The main reason for the crisis this time is that the loans were abnormally concentrated in the Singapore-Malaysia consortium, which amounted to HK$1.5 billion, accounting for 1.5% of the total loans of K. Wah Bank.

More than 50% of HKD 2.9 billion. As a result, once there was a problem with the loan, Ka Wah Bank fell into the abyss.

In view of this, the research report proposes that it is necessary to strengthen the loan and investment restrictions on local authorized institutions, that is, licensed banks, licensed deposit-taking companies, and registered deposit-taking companies, to prevent excessive concentration of risks and block the actual operation of local authorized institutions.

The loophole allows the controller to borrow money at will from local authorized institutions through agency companies.

One of them is that a local authorized institution shall not provide loans to any person or merchant, or to company directors and related persons, in excess of 25% of the authorized institution's paid-in capital plus reserves.

I won’t go into more content to avoid making it boring and thankless.

In short, in addition to being extremely valuable, this research report is also approachable enough that it can be discussed by the media with lucidity and gusto. It even expressed support for the upgrade of the Hong Kong Exchange Fund Administration to the Hong Kong Monetary Authority, but there has been no actual action.

The Hong Kong government had no choice but to take over and announced that it would formally start amending the "Hong Kong Banking" Ordinance.

After Hui Feng Taipan Pu Weishi got this research report that was naturally released to the world, he couldn't help but feel nervous. Gao Xian really knew how to take advantage of the opportunity. It seemed that the Financial Secretary's banking supervision was really going to be transferred to the Hong Kong Exchange Fund Management Bureau.

By the way, isn’t the central settlement power of the Hong Kong banking industry held by Hui Feng Bank really in danger...