The Wealth Empire Crossing the Hong Kong

Chapter 646 Financial Conference
At the Xiangjiang Financial Conference, none of the invited people was absent this time. Except for some staff members of the Financial Secretary, those present were either general managers (presidents) of banks or securities investment companies, or major shareholders of banks and securities investment companies.

Financial Secretary Ross expressed his gratitude to the people who came to the meeting, and also told about the achievements of Hong Kong Financial over the years, and also affirmed the contribution of HSBC and Standard Chartered to Hong Kong's currency stability.

Immediately, the style of painting changed, and he said: "In the past few years, Chinese-funded enterprises in Hong Kong have developed rapidly, and in order to promote the stability of Hong Kong's finance and currency, we have integrated various opinions. We will add a bank headquartered in Hong Kong to have the right to issue banknotes in Hong Kong dollars. .

At present, there are eleven banks that meet the conditions: Xinjian, East Asia, K. Wah, Nanjiang Hang Seng, Daoheng, Xinya, Sun Hung Kai, Wing On, Xingchuang, Dean, and Guangqing.

The main topic of our meeting today is to determine one of the eleven banks as the third note-issuing bank besides HSBC and Heung Kong Bank. "

As the new chairman of the board of directors of Hong Kong Bank, Guo Henian directly stated that Hong Kong Bank is already negotiating mergers and acquisitions with Guangqing Bank, which is controlled by Hong Leong Group, and Guangqing Bank will automatically withdraw from the competition for the right to issue Hong Kong dollar notes.

Obviously, the Nanyang Consortium has no intention of intervening in the struggle between the major powers in Hong Kong. Through some transactions, they have acquired Standard Chartered Hong Kong, changed their name to Hong Kong Bank, and have the right to issue banknotes in Hong Kong dollars. If they continue to compete, they may fall into public criticism.

Although the forces behind Dean Bank have intentions, they also know that it is impossible at this time.

One is that Dean Bank is too weak, and the other is that it is impossible for the Bryan government to allow them to obtain the right to issue banknotes in Hong Kong dollars at this time. They can only seek the right to issue banknotes in Hong Kong dollars after the negotiation between the two parties is over.

Therefore, at this time, the general manager of DeAnn Bank was also very wise, and directly renounced the competition for the right to issue Hong Kong dollar banknotes.

The presidents of Xing Chong, Wing On, Dao Heng, Ka Wah, and East Asia banks also gave up, so that only the representatives of Xin Jian, Nanjiang Hang Seng, Xinya, and Sun Hung Kai did not give up.

"I believe that everyone is familiar with Xinjian Bank, Nanjiang Hang Seng Bank, New Asia Bank, and Sun Hung Kai Bank, and everyone should know their strengths.

However, as a Hong Kong dollar banknote issuer, it is not only about the strength of the bank, but also about whether it can provide assistance to Hong Kong's economy, finance and currency stability.

Now let the representatives of the four major banks explain their own policies after obtaining the right to issue banknotes in Hong Kong dollars, especially their plans or plans for the currency. "

After Ross's speech, the host of the meeting first invited the representative of Xinjian Bank to speak.

This time the representative is not the bank president Jin Yiming, but Li Jianhui himself.

"At the request of Mr. Ross, the Chief Executive, I would also like to briefly talk about some measures to maintain the stability of the Hong Kong dollar after Xinjian Bank obtained the right to issue banknotes in Hong Kong dollars.

Everyone knows that Hong Kong’s Hong Kong dollar issuance is mainly secured by foreign exchange and gold, and it is in full amount. The appreciation or depreciation of our Hong Kong dollar is mainly affected by the foreign exchange fund and gold of the Exchange Fund.

Moreover, since the HKMA is managing the Exchange Fund, there are also profits there. Generally speaking, the Hong Kong dollars we issue are far smaller than the amount in the Exchange Fund based on the exchange rate, and the risk of depreciation is not too great.

Moreover, in order to ensure that the Hong Kong dollar does not depreciate and the assets of more than [-] million citizens in Hong Kong are not damaged by issuing banknotes, we are also responsible for coordinating the Exchange Fund to make timely adjustments to major foreign currencies.

Our Xinjian Bank has obtained the right to issue banknotes in Hong Kong dollars. In the future, we will mainly use gold as a reserve to issue Hong Kong dollars, so as to balance the impact of foreign exchange on Hong Kong dollars.

At the same time, Xinjian Bank will promote the proportion of Hong Kong dollars in international trade settlement, let us internationalize Hong Kong dollars, Lisboa and Brunei are just the beginning, and we will promote more regional currencies to be linked to our Hong Kong dollars in the future.

......"

After Li Jianhui spoke, Li Chaoren, Chen Youqing, and Feng Jingxi successively spoke on behalf of their own banks, and they also came up with many proposals. However, unlike Li Jianhui's plan to issue Hong Kong dollars with gold, these parties basically chose foreign exchange. JPY.

After the speeches of several people, Ross said: "This time it is related to the stability of our Xiangjiang financial currency. Several parties have also clearly put forward their own proposals. Next, representatives from all the banks and securities investment companies we present will discuss Vote, and the bank with the most votes will become our third bank with the right to issue Hong Kong dollar banknotes."

But as soon as Ross made this statement, he was immediately strongly opposed by the representatives of the East China Association.

Li Guobao was the first to say: "Voting by such rules is completely irresponsible to Hong Kong's financial and currency stability. As a Hong Kong dollar banknote issuer, it must first have the strength to be trusted by more than [-] million citizens.

Secondly, the bank itself must be sufficiently stable, and how frequent changes can reassure the public.

In addition, if it is only determined by the quantity, how can Hong Kong Financial Currency remain stable? After all, it does not cost a few dollars to establish a securities investment. With such rules, I can make thousands of them in a short time.

I think the rules should be changed and voted by representatives of the top ten local banks and top ten local securities investment companies, so that they can represent the main opinions of the Hong Kong financial community. "

Feng Jingyao, Lei Juekun, Li Chunxue, Wang Shanbin, Guo Zhiquan, Du Ningxue and others immediately agreed.

It's a pity that other people are not fools, how could they agree with this opinion? If so, they can directly designate Xinjian Bank as the Hong Kong dollar banknote issuing bank, so why vote.

We must know that the top ten local banks in Hong Kong, after several mergers and acquisitions, Tung Wah Hui occupies half of them, Xin Jian is second, East Asia is third, Ka Wah is fourth, Dao Heng is sixth, and Wing On is ninth.

As for the local securities investment companies, Donghuahui is even more terrifying. Xinjian Securities Investment ranked first, Kowloon Securities Investment Company ranked second, Guanghua Securities Investment ranked third, and Xinbin Securities Investment ranked fifth. , Xinhui Securities Investment ranked sixth, Haojiang Securities Investment ranked eighth, and Disheng Securities Investment Company ranked tenth.

Among the top ten local securities investment companies, only the three major securities investment companies of Swire, Jardine, and Shun Tak are not affiliated to the East China Association.

It has to be said that Li Jianhui is a wonderful thing. Xinjian Bank has a securities investment department and also set up a securities investment company, and this company mainly serves Li Jianhui personally.

But such a company has been ranked first among local securities investment companies for several consecutive years. Not to mention the profits in the stock market, the market value of the shares it holds exceeds that of countless billionaires on this year's Hong Kong Rich List.

Listening to the dispute between Tung Wah Club and several parties, Rose was quite satisfied. They had actually decided long ago that it was impossible for Xinjian Bank to issue Hong Kong dollar banknotes.

The reason is also very simple, because many of the actions of the Tung Wah Association are not in their interests, especially because of the Tung Wah Association, they cannot implement many policies, such as the peg of the Hong Kong dollar to the British pound.

Therefore, no matter how dissatisfied Donghua may be today, he will vote according to the set rules to determine which bank will obtain the right to issue banknotes in Hong Kong dollars.

Before this meeting was held, it had actually been settled, and everything today was just a formality.

(End of this chapter)