Reborn Capital Madman

The reason why Hang Lung Bank was so rudely controlled is because its commercial crime was confirmed. The consultant hired by the Commercial Crime Investigation Department kept checking the accounts of Hang Lung Bank for the preparation of the "Hang Lung Bank".

Reference to the Takeover Regulations.

The Financial Secretary Peng Lizhi was also progressing smoothly. After hearing the report, the Auxiliary Secretary Xia Dingji and the Hong Kong Governor Youde did not dare to neglect them, and immediately convened a meeting of the Legislative Council.

For a long time when Hong Kong was colonized, the Legislative Council was more like a decoration, far less powerful than the Executive Council. Of course, the UK has now begun to pass the Legislative Council and its status has been continuously improved.

But this time, the Legislative Yuan meeting was still like in the past, mainly to call foreign exchange funds and find support that can withstand outside discussions.

In the night, the Hong Kong Legislative Council meeting hall at the northern end of the Central District Office of the Central District Office, located on the lower Yali Bi Road, Central, Hong Kong Island, was brightly lit. Members are listening to the second reading of the Financial Secretary Peng Lizhi in accordance with the work flow of the Legislative Council.

Hang Lung Bank Takeover Regulations in 1982.

Simply put, there are many oppositions about Huifeng’s resignation and forcing the Hong Kong government to use foreign exchange funds and take over Hang Lung Bank. For example, it is believed that this move violates the long-term non-interference tradition of the government;

For example, it is believed that foreign exchange funds should not be abused in this way, etc.

In short, a debate is indispensable. I don’t know if it will waste too much time, and even refused to pass the Hang Lung Bank Takeover Regulations, which eventually led to the Xiangjiang banking crisis.

During the second reading of the "Heng Lung Bank Takeover Regulations", a staff member handed over a thin document, which caused him to pause for a moment, glanced a few times, and then frowned.

After reading the "Heng Lung Bank Takeover Regulations" in the second year, the Finance Department Peng Lizhi picked up the document and added: "Dear members, the Commercial Crime Investigation Section searched the headquarters of Hang Lung Bank. According to the preliminary results of the latest account review, Hang Lung Bank

The deposit balance is negative, and should not be less than HK$300 million."

The members who were originally planning to express their opinions but had a long-term discussion were immediately in an uproar. Hang Lung Bank was so bad!

Financial Secretary Peng Lizhi shook the documents in his hand and continued: "At the same time, more than HK$250 million was mortgaged by the directors of Hang Lung Bank and their affiliated institutions.

I went away many times.”

"In addition, Hang Lung Bank intentionally concealed the bad debts of HK$800 million to Dalai Financial Credit Company, which had been liquidated."

Speaking of this, the Finance Department Peng Lizhi put down the document and concluded: "Dear members, various evidence shows that the problem of Hang Lung Bank is not simply poor management, but is mixed with a large number of commercial crimes."

"So, only if the official government comes forward immediately and takes over Hang Lung Bank, which is actually in trouble, can we most effectively deal with the Hang Lung Bank crisis and avoid the impact of the entire banking industry."

It is obvious that the MPs were shocked, and the focus of the debate was not whether the Hong Kong government should take over Hang Lung Bank in person, but how to deal with Hang Lung Bank more specifically.

This includes that the Hong Kong government cannot directly manage Hang Lung Bank.

The Financial Secretary Peng Lizhi answered that after Henglong Bank rectified and turned from loss to profit, the official government handed it over to the market in a suitable way.

...

Also in the Central District Zhengfu Office, Gao Xian was busy in the office building of the administrative bureau located in the east, and was preparing to establish a new board of directors of Hang Lung Bank with Shen Bi.

Although Huifeng gave up, Chen Bi cannot really be "selfish" to the end. At least his obligations must be fulfilled.

Members of the board of directors of the New Hang Lung Bank are from the Hong Kong Government Finance Department, Huifeng Bank, and Youli Bank. The leader is naturally the Hong Kong Government Finance Department. As for the new Hang Lung Bank general manager, Huifeng Bank will be sent by Huifeng Bank from the Credit Department.

The reason why banks are involved in cleaning up the mess of Hang Lung Bank is not for the sake of visible income. Besides, Hang Lung Bank is so bad that it looks like this, and there is no money to make, but it focuses on the qualifications of "talking about things".

In fact, this qualification to participate in "talk" is not something that anyone wants.

Although Chen Bi and Gao Xian did not mention it very well, Gao Xian stood clearly on Huifeng's side and supported the Hong Kong government to take over Hang Lung Bank, Chen Bi was still quite grateful. As a small return, it was recommended that the bank join the company. New Hang Lung Bank Board.

These people, led by Chen Bi and Gao Xian, are discussing the specific regulations of Hang Lung Bank after being fully taken over by the Hong Kong government, and report on the progress in the conference hall of the Legislative Council of the Hong Kong Government. The Financial Secretary Peng Lizhi read "19th" The Hang Lung Bank Takeover Regulations in 1982 were passed.

I have to say that this efficiency is so fast. Although Gao Xian and Shen Bi thought that the progress of this matter should be very fast, they were still slightly surprised.

After a while, the Finance Department Peng Lizhi personally brought the final version of the "Heng Lung Bank Takeover Regulations" passed by the third reading.

Gao Xian took a quick look and found that there was not much change overall. For example, in order to save Hang Lung Bank, the Hong Kong government immediately injected 300 million Hong Kong dollars into Hang Lung Bank through foreign exchange funds.

When the Finance Minister Peng Lizhi saw Chen Bi, Gao Xian took charge of the matters of the Hong Kong government taking over Hang Lung Bank in an orderly manner and was very satisfied. The depression that had been held in his heart before was basically dissipated.

To put it bluntly, the result of the Hong Kong government paying money and the banking industry producing professional talents has become a fait accompli. It is meaningless to worry about it again.

Financial Secretary Peng Lizhi breathed a sigh of relief: "The crisis of Hang Lung Bank has been eliminated invisibly. By the way, there is still a press conference tomorrow, but it is already a trivial matter."

Everyone agreed and said yes, Gao Xian muttered in his heart, indeed, the heat was not enough, then the matter was not over, it would be beneficial for the bank to take office as its first chairman of the Xiangjiang Bank Association, and it needed an environment with a lower starting point, otherwise, how could it be It shows that I am ordered to turn the tide in times of crisis!

...

A press conference of Hang Lung Bank shocked the whole of Hong Kong. The Hong Kong government has taken over Hang Lung Bank in a flash.

As time goes by, various details emerge one after another. The board of directors of the old Hang Lung Bank was slapped. Hang Lung Bank's holding company, the unified institution, was delisted and liquidated. It is not difficult to imagine how serious the problem is!

Fortunately, Hang Lung Bank depositors didn’t have time to panic, and there was no need to panic now. After all, the Hong Kong government has come forward to provide the bottom line for Hang Lung Bank.

Various media praised the Hong Kong government for taking decisive actions and dealing with Hang Lung Bank in a timely manner to avoid the banking crisis. After all, they sighed that the second half of 1982 was really difficult, the Jianing fraud case and the stock market plummeted. The collapse of the real estate industry and the crisis of Hang Lung Bank, one after another, make people breathless. Fortunately, this year is about to end, and I hope everything will be better next year.

After Gao Xian noticed this emotion in the media, he secretly disdained that the boil was not just Jianing Group and Hang Lung Bank, and the operation was not over yet!