Reborn Capital Madman
Chapter 1054 Don't drop the interest rate that HSBC wants to drop
The second update is here.
…
Normally, it would be difficult for the Xiangjiang Monetary Authority to gather all the personnel for the expanded meeting within half an hour.
After all, they are all people with real power, so they may be busy somewhere, but at this time, the Hong Kong stock market has plummeted so much that everyone is frightened, and they can't help but collect the latest information, especially whether the Hong Kong Monetary Authority will rescue the market.
As a result, the staff of the Xiangjiang Monetary Authority did not bother at all. As soon as the notice was issued, people rushed over. What should be considered at this time is not who is missing, but maintaining order and not leaving idle people waiting.
Sneak in.
This workload is really not small. There is a long queue of luxury business cars. Fortunately, it is night now and the traffic of people and cars on the road is not so big. But it also makes it easier for the astute reporters to find opportunities.
Opportunity.
The underground part of the Xinhua People's Bank Building is the treasury of Goyina, which has a mysterious reserve size that exceeds that of Huifeng. Of course, there is no need to mention the security mechanism, but at this time, the Hong Kong Royal Police are still needed to maintain order, and this is also their job responsibility.
There is nothing to explain. Traffic control is implemented in the zigzag section of the road centered on the Xinhua Pedestrian Building. If there are any people like Haonan or Pheasant who think they can wander around for a while, there is no such thing.
In the scene in the Hong Kong movie, where the neck is being pinched, the fingers are poking at the chest, and Arthur is yelling, he is directly handcuffed, stuffed into a police car, and taken back to the police station.
The reporters who flocked to the meeting were a bit difficult to control. Although the Hong Kong Monetary Authority has informed that this enlarged meeting may end when, and a press conference will be held before midnight. There is no need to come so early in advance to grab the news, but they still
A group in the east and a group in the west were noisy and noisy. In the end, they simply opened the venue in advance and let them go in and wait.
Although all kinds of people were arranged into various areas and sorted out as orderly as possible, the staff of the Xiangjiang Monetary Authority still mobilized manpower to guard closely, because Gao Xian had already expected that this enlarged meeting would not be so upright.
A person with a graceful demeanor is indispensable for the smell of fireworks, and quarreling is the most minor form of confrontation. If caught by the media, it will only add to the chaos.
Sure enough, after the enlarged meeting officially started at around 8:10, some organizations jumped out to complain and even angrily accused that the Hong Kong stock market was suspended for four days, while other stock markets around the world were open as usual, making it impossible for them to
If you operate in a timely manner, you will suffer heavy losses. Who will bear the responsibility? What will Xiangjiang International Financial Center do to win the trust of investors?
Li Fuzhao, the chairman of the Hong Kong Stock Exchange, had a red-faced argument with the Australian reporter at the press conference, and then avoided public view on the grounds of physical discomfort. As for whether he will become the
It is a hot gossip. There is no doubt that the representative attending the enlarged meeting on behalf of the Hong Kong Stock Exchange is Ma Qingzhong, the vice chairman of the Hong Kong Stock Exchange. The portion is still sufficient.
Listening to the roar of the red-eyed organization, Ma Qingzhong had no choice but to put his hand on his forehead in embarrassment and listen in silence.
The ranking in the large conference room is quite mysterious. The ones closer to the front must have higher status. Those in the first row are "complexes", such as Gaoyi and Huifeng, which also have Xiangjiang Financial Management.
He is a first-level dealer of the Bureau, a shareholder of the Xiangjiang Futures Exchange, an important commercial bank in Xiangjiang, an important investment bank in Xiangjiang, a market maker in the Xiangjiang stock market, etc.
As for the organizations that were roaring at this time, they were all in a later area of the venue.
By the way, what does the primary dealer of the Hong Kong Monetary Authority mean? It is the former primary dealer of the Hong Kong Exchange Fund Authority, the Hong Kong Exchange Fund Authority, the Exchange Fund Bills and Exchange Fund Bonds of the Hong Kong Monetary Authority.
Even the direct dealing partner of the Heung Kong Development Investment Fund.
This mechanism established by Gao Xian is a bit like the relationship between the Federal Reserve and JP, Manhattan Bank, Citibank, etc. in the United States. Those Wall Street banking giants are wholesalers in the capital market, and below it is,
Retailers closer to concrete investors.
Obviously, unlike the current note-issuing bank mechanism in Hong Kong, the scope of the primary dealers of the Hong Kong Monetary Authority is larger. In addition to Huifeng Bank, Yongli Bank, and Standard Chartered Bank, the three groups with note-issuing rights, there are also right banks.
Bank of Asia, Bank of China, and some overseas financial institutions with sufficient strength in Hong Kong.
At this enlarged meeting, the identity of the primary dealer of the Xiangjiang Monetary Authority was specifically listed, and Gao Xian was naturally concerned.
Taking advantage of the time, Gao Xian waved his hand and said calmly, "The purpose of this meeting is to understand the difficulties of the industry so as to provide targeted support. As for the issue of responsibility,
, time is precious, so we won’t discuss it here.”
The blathering person immediately shut up knowingly. Originally, he was dissatisfied with the suspension of the market and could not find the Xiangjiang Monetary Authority. Moreover, Sir Gao was not in Xiangjiang at that time and was on a business trip.
The purpose of their roar here is to exert pressure. Hasn't the Hong Kong Monetary Authority decided to rescue the market? Then it will open the gate and release a larger flow of water so that everyone can be nourished.
After a period of time in which everyone expressed their opinions in a less explosive atmosphere in the conference room, a consensus was basically reached. It was necessary to increase liquidity to tide over the difficulties. This was considered to have won the majority.
Huifeng Taipan Puweishi, who felt that the heat was almost over, coughed lightly, and as if he were a representative of the crowd, he spoke in the same posture as a financial consultant in Xiangjiang, "Since everyone has reached a consensus on increasing liquidity, let's do it as soon as possible
Determine how much to lower the deposit interest rate..."
"Increasing liquidity does not mean lowering the deposit interest rate." Sir Gao interrupted Pu Weishi's words calmly, "Before the stock market crash, the deposit interest rate of Hong Kong's banking industry had reached a historical low, and it was not suitable to continue.
It’s down.”
"When we adjust the financial system, we cannot just focus on solving immediate problems and forget about long-term conflicts such as the pressure on the appreciation of the Hong Kong dollar. Deposit interest rates are too sensitive. We must leave room for future financial policy adjustments."
Pu Wei Shi did not expect that Sir Gao would reject him so simply and rudely. He would have to discuss it for at least dozens of rounds, and this kind of slap in the face would not only be embarrassing, the key is that it would hit Huifeng's sore spot.
As the name suggests, the deposit interest rate is the most direct rule of interest paid by the bank to the depositor after the depositor deposits the money into the bank.
A giant bank like Hui Feng with a century-old history must have a clear advantage in absorbing deposits. If the deposit interest rate is lowered, it can even allow depositors to pay deposit management fees to the bank, which will naturally and effectively enhance the
With Huifeng's financial resources at this time, he might be able to weather the storm without anyone noticing.
Pu Weishi did not dare to expose his inner activities. If outsiders saw that he was overly enthusiastic about lowering deposit interest rates, it would be troublesome because Huifeng also had weaknesses. So he looked at the representatives of the Hong Kong Banking Association.
Other members, the deposit interest rate is in the hands of the Hong Kong Banking Association. Although it needs to be negotiated and approved by the Hong Kong Monetary Authority, it cannot be dismissed by the other party in such a condescending manner. Don’t you have any ideas? You really all are.
Generous?
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