Through the wealth life

Chapter 753: No Rabbit, No Eagle

Shen Bi said: "Thai Sean, HSBC and Standard Chartered will jointly deal with this financial crisis. At the same time, we will do our best to ensure the exchange of some banks' foreign exchange needs so that their banks can handle business normally."

Shen Bi is very clear that HSBC cannot escape this time. As a Hong Kong dollar banknote issuing bank, they must stabilize the exchange rate of the Hong Kong dollar and Hong Kong's financial situation. HSBC will be even more difficult this time.

HSBC and Standard Chartered are far less prepared than the Lee Consortium and Xiangjiang Consortium for this incident. Fortunately, their strength and background are strong enough to not be overthrown by this crisis, and they are still able to cope with it, otherwise they really The right to issue banknotes in Hong Kong dollars is about to be lost.

Closor Teshawn said: "I also hope that the major banks in Xiangjiang can put aside their past grievances at this time and ensure that Xiangjiang Financial can survive this crisis. This will be beneficial to all banks. If the financial situation in Xiangjiang continues to deteriorate At that time, you will suffer the most, and some powerful banks should stand up and take responsibility at this time to contribute to the development of Xiangjiang.”

It's a pity that neither Yuan Tianfan nor Li Guobao nor Feng Jingyao replied to Croso Taishawn. The director of the Xiangjiang Financial Management Bureau obviously hoped that the Chinese-funded banks would be at the forefront so as to protect HSBC and Standard Chartered. The interests of British banks continue to consolidate the positions of the two banks in Hong Kong.

Seeing that the leaders of these powerful Chinese-funded banks did not respond, Closor Teshawn was somewhat disappointed. Now that the influence of the Chinese-funded consortium in Xiangjiang is growing, he also hopes that this time it is best to take advantage of it. This is an opportunity to reduce their strength, but unfortunately, these few people are not up to the trick, and it is useless to suppress them with righteousness.

These people are not seeing rabbits or spreading eagles now. Since the establishment of Tianyu Bank, the Lee Consortium and the Xiangjiang Consortium have been seeking the right to issue banknotes in Hong Kong dollars all the time, hoping to break their monopoly of British capital in this regard and let them Have a say in this.

It's just that this aspect is their last bottom line in England. Unless it is a last resort, they will not let other forces intervene in it, and he will not agree to allow Hong Kong Bank to have the right to issue banknotes in Hong Kong dollars.

Afterwards, Kroso Teshawn introduced several banks currently taken over by the Financial Administration, and asked everyone present if they were interested.

The banks they have taken over are now in more trouble. They are all out of cash and are looking for another one to take over. This can also reduce some losses. If they go bankrupt and liquidate, the customers who deposit in these banks will suffer great losses.

Especially now that the exchange rate of the Hong Kong dollar keeps falling, the customers of these major banks are asking their Monetary Authority to deal with it as soon as possible every day, so that they can get back their deposits earlier.

At this moment, everyone here has a lot of troubles in their own banks. How can they be in the mood to take over these hot potatoes at this moment.

Originally, some time ago, many banks suffered a round of run because of the real estate market. Many banks had a lot of bad debts internally. This problem has not been completely resolved. Now that there is such a big crisis, they still have the strength to take over these banks.

Even HSBC and Standard Chartered have no interest at this time. They still have to focus on foreign exchange squeeze to ensure that they can survive this round of crisis.

Seeing that no one answered, Closor Teshawn knew that these banks would not be able to be transferred for the time being.

Ever since he took over this position, he has not had a smooth time. When he first took office, he was faced with a scandal of accepting bribes from his predecessor. Many people in the Financial Management Bureau were implicated, and many banks in Xiangjiang suffered runs.

The problem over there has just been straightened out. Another crisis has come. This run is even more serious than the last time, which makes their departments struggling to deal with it, and the financial circles in Xiangjiang are currently in discord.

Forget about foreign-funded banks. Hong Kong Local Bank, headed by the Lee Consortium, has become more and more rift with HSBC over the issue of Hong Kong dollar note issuance rights. They are fighting each other in many ways. Their cooperation is almost impossible now.

Closor Teshawn only hoped that Governor Yoder and the Executive Council could discuss a solution as soon as possible and introduce policies as soon as possible to stabilize Hong Kong's current Hong Kong dollar exchange rate, so that his pressure would be easier and the run would not be as crazy as it is now .

At three o'clock in the afternoon, Yuan Tianfan reported to Li Guangyu in detail about today's financial meeting in his office.

After hearing this, Li Guangyu said: "Don't worry about other things now. We must ensure that our bank's customers can exchange foreign exchange at any time. At the same time, pay attention to several banks such as Hongkong Bank and Bank of East Asia. Once they have a shortage of foreign exchange, you will immediately deploy funds there. support to ensure the normal operation of several banks.”

Li Guangyu can't control so much now, he just tries his best to protect the interests of himself and his allies. Since the Hong Kong government is unwilling to give up the right to issue banknotes in Hong Kong dollars, the Hong Kong Monetary Authority, HSBC and Standard Chartered will fight the crisis. Well, Li Guangyu will not lose his own interests to take responsibility for them like a fool.

As for Yong'an Bank, Li Guangyu was not worried about it. With the Sumitomo family, with their strength, this problem would not be a problem for them.

Yuan Tianfan said: "Li Sheng, it seems that we have a long way to go if we want to obtain the right to issue banknotes in Hong Kong dollars. At such a critical moment, the British and Hong Kong governments are unwilling to give up the right to issue banknotes in Hong Kong dollars. I am afraid that our chances in the future are slim. "

Regarding the right to issue banknotes in Hong Kong dollars, Yuan Tianfan very much hopes to get it. No matter whether Tianyu Bank or Xiangjiang Bank holds it at that time, it will be very beneficial to the Li Family Consortium. With the right to issue currency, the Li Family Consortium will have the foundation to become a real World class consortium.

It’s just that the communication with the Hong Kong Monetary Authority and the Hong Kong government over the past few years has been disappointing. The Hong Kong government has no intention of letting the Chinese-funded families share the right to issue banknotes in Hong Kong dollars. They hope that the British-funded capital will firmly control this area. Benefit.

Li Guangyu has nothing to do about it. He can only hope that when the situation changes later, the British and Hong Kong governments can change their attitudes so that Hong Kong Bank can obtain the right to issue banknotes in Hong Kong dollars.

He said to Yuan Tianfan: "For the time being, you should focus on this foreign exchange run. This situation will not last long. At that time, the government will definitely intervene to stabilize the exchange rate of the Hong Kong dollar. There is still a lot of room for manipulation in this regard. I believe The Xiangjiang government will not allow the highest exchange rate to become a stable exchange rate in the future, and when the time comes, listen to my instructions, and after a certain period of time, Tianyu Bank will fully liberalize foreign exchange for me."

As an elite in the financial industry, Yuan Tianfan couldn't understand the meaning of Li Guangyu's words. When they operate in this area, they will be able to recover part of the losses.

After all, they exchanged a lot of foreign exchange during this period, while the Hong Kong dollar kept depreciating in their accounts. At that time, they were able to make up for it if they operated properly at that time.

Yuan Tianfan said: "Li Sheng, I will arrange the affairs in this area. As long as you give orders, all major business offices in Xiangjiang will fully open up foreign exchange."

……

(I'm going back to the village today, so the other two chapters will be updated tonight.)
(End of this chapter)