Reborn Capital Madman

As Gao Xian speculated, Hui Feng did not want to deal with the chaotic mess of overseas trust banks. The Hong Kong government had no choice but to take over the troubled banks again.

This is also "convenient". The Hong Kong government has accumulated experience from the process of taking over Hang Lung Bank, including the third reading of the "Overseas Trust Bank Takeover Ordinance" and the reorganization of the leadership of overseas trust banks. A series of procedures have been carried out smoothly.

, skillfully and with a sense of irony.

Since the Hong Kong government has decided to take over the Overseas Trust Bank and is handling it with ease, why did it need to convene this special meeting urgently?

After all, Overseas Trust Bank is the fifth largest local bank in Hong Kong, and the shock it caused is not trivial. The Hong Kong government quickly took over Overseas Trust Bank, trying to avoid a domino effect all at once. However, one of the characteristics of Bank of Hong Kong is the run wave.

It may not be possible to suppress the industrial crisis, which requires collective efforts.

Financial Secretary Pang Lai-chi gave an explanation, "In a short period of time, the problems of the Overseas Trust Bank cannot be fully investigated. The Commercial Crime Investigation Bureau has tried its best. After working hard day and night, only the Dominion in Yip Zhuang Ling was arrested.

After adding the financial company's check round, we basically sorted out the situation and found that the amount of bad debts was as high as 66.8 million U.S. dollars."

"As for further investigation, it is necessary to extradite Zhang Chengzhong, Huang Changzan and other key personnel involved in the case from overseas."

This kind of thing is too troublesome to deal with, and it takes a long time to catch the person. Moreover, this is the job of the Hong Kong government, and no one is interested in hearing it.

However, in Gao Xian’s view, the shock in overseas trust banks is both a cause of the crisis and a driving force, and it still needs to be emphasized, so he said: “Thanks to the decisive actions taken by the government, based on the current exchange rate and foreign exchange market conditions, single and long orders

If the cover-up of the bad debts caused by the Minnesota Financial Corporation check wheel to overseas trust banks continues, the hole will quickly grow larger, far exceeding US$66.8 million."

Financial Secretary Peng Lizhi nodded, "When the government took over Hang Lung Bank, the first capital injected into Hang Lung Bank through the Exchange Fund was HK$300 million, which was enough to maintain the continued operation of Hang Lung Bank; but the overseas trust banks

The problem is too serious, and only part of it has been investigated clearly. The injection of funds must reach at least one billion Hong Kong dollars to have the effect of reviving the dead."

In this case, Gao Xian believes that if such a big mess like Overseas Trust Bank continues to drag on for another year or two, the situation will only worsen. By then, the Hong Kong government will have to inject 2 billion Hong Kong dollars.

I only heard Financial Secretary Peng Lizhi continue to say: "Therefore, the pressure on the government is great, but many banks are still facing huge risks of runs, which requires support from banks that are strong and well-operated."

"Otherwise, once the banking crisis breaks out in full, the losses will be hundreds of billions. Not only will the government be unable to bear it, but the banking industry will also suffer disaster."

When he said these words, Financial Secretary Peng Lizhi turned his attention to Shen Bi, the senior manager of Hui Feng Bank. The implication was obvious. Hui Feng had shrunk twice. It was almost done. It was time to show the responsibility of the quasi-central bank of Hong Kong.

.

At this moment, Shen Bi really could no longer cheat and cheat, but he still dragged Standard Chartered Bank and Yongli Bank deeply and expressed his position: "Financial Secretary, please rest assured that if any bank cannot handle the run, then Hui Feng

We will definitely work with Standard Chartered and Yili to provide support.”

It can be seen that Financial Secretary Peng Lizhi is still a little dissatisfied, but he has nothing to do with Hui Feng, which is the overlord of Hong Kong's banking industry, so he rolled his eyes and looked at Gao Xian, "Sir Gao, the bank is about to I am about to take over as the chairman of the Hong Kong Banking Association, and I would like to invite Sir Gao and Yongli Bank to unite the banking community and tide over the crisis."

Gao Xian secretly sneered. In the negotiations with China, the British had the intention of using Hong Kong's economy as a bargaining chip. However, in the face of the downturn in the stock market, the collapse of the real estate industry, and the emerging banking crisis, they should also If you panic, if you don't handle it well, let alone the long-term benefits, you will end up losing money now.

It doesn't matter what the British are, but after all, Xiangjiang is a Chinese society and Gao Xian's stronghold. Out of long-term interests, Gao Xian has always had the courage to take responsibility.

"What the Financial Secretary said is that Benefit Bank must do its best to relieve the government of its worries." At this point, Gao Xian changed the subject and began to complain, "Before the crisis in Hang Lung Bank, thanks to Sir Shen Bi and Hui Feng's high regard, Benefit Bank The bank has received the honor of taking over as the chairman of the Hong Kong Banking Association. In the eyes of many people, this is an extremely enviable thing; who would have thought that in a short period of time, the situation has changed suddenly and the banking industry in Hong Kong is in a state of turmoil."

"Under such circumstances, I am very scared, for fear that it will be difficult for me to take on a big job. Otherwise, the rotation of the chairman of the Hong Kong Banking Association should be based on the original rules and Hui Feng will take over. I believe that under the leadership of Hui Feng, can respond to this crisis more effectively."

Seeing the sudden turn of events in Gao Xian's words, Financial Secretary Peng Lizhi couldn't help but be stunned. Why did you have to say that you must do your best to relieve the government's worries when you backed down?

When he followed Gao Xian's gaze and looked at Shen Bi, Financial Secretary Peng Lizhi suddenly realized that Gao Xian was once again testing the attitudes of all parties before taking office.

Some time ago, Gao Xian made a prelude to take over as the chairman of the Hong Kong Banking Association for the benefit of banks. He advocated further standardizing the operations of the banking industry and increasing a series of new audit indicators such as capital adequacy ratio and loan-to-deposit ratio. The response was not positive.

No need to think too much, Gao Xian was definitely dissatisfied with this, so he took advantage of this occasion to ask for a clear explanation, and even recommended Fang Baojian.

Thinking of this, Financial Secretary Peng Lizhi said before Shen Bi: "Sir Gao, there is no need to worry too much. The government will definitely support the work that is beneficial to the bank."

Shen Bi, who had been robbed of his first favor, glanced at Financial Secretary Peng Lizhi in secret annoyance.

Previously, Shen Bi proposed that Yixian Bank should take over as the chairman of the Hong Kong Banking Association in order to reduce the pressure caused by the Jianning commercial fraud case on Huifeng.

Now, with the Jianing business fraud case, the Hang Lung Bank crisis, and the shock to overseas trust banks, this goal is even closer to being achieved.

Furthermore, the looming mess of Hong Kong's banking industry really annoyed Shen Bi. He wished that the young and strong Gao Xian could work at the front desk.

"Huifeng will not change its original intention and will work with the government to support Sir Gao." Shen Bi's firm statement showed that he valued Gao Xian's personal speaking skills.

Standard Chartered, headquartered in London, is far less complex than Huifeng. Moreover, the chairman of the Hong Kong Banking Association rotates every year. The term of 1982 did a good job, and the upcoming term of 1983 will do even more. Thinking about it makes one's head feel heavy, so it would be perfect for Gao Xian to be affected, and naturally he would raise his hands and feet to support.

The Hong Kong government, Huifeng, and Standard Chartered have made their stance clear, and the overall situation has been decided. Even if other banks are worried that the introduction of new audit indicators such as capital adequacy ratios will be detrimental to themselves, they can only hold their noses.

admit.