Through the wealth life

Chapter 758 Crazy Thoughts

When these institutions were busy contacting Tianyu Bank, Shen Bi and George Lavin also received the news here. As the helmsmen of the two major banks that issue banknotes in Hong Kong, they are naturally aware of the policies that the government is about to promulgate. Regarding the interests of their two major banks, the government communicated with them.

It’s just that their two major banks can only watch Tianyu Bank operate at present, and their two major banks are also powerless about it. The foreign exchange of their two major banks has been exchanged out a lot these days, and they still need reserves to deal with the crisis. Dare to exchange foreign capital.

Moreover, the Xiangjiang Monetary Authority will absolutely not let their two big informed banks enter the market for operations. Tianyu Bank does not know. It is not in violation of the regulations for them to do so. The two of them will not do it. They can only continue the previous practice these days , the Monetary Authority is supervising their two major banks.

This is also to ensure the stability and relative fairness of Hong Kong's financial market, otherwise other financial institutions in Hong Kong will be eaten up by HSBC and Standard Chartered.

Since the two banks have the right to issue banknotes in Hong Kong dollars, the Hong Kong Monetary Authority needs to ask their opinions on many policies before formulating policies. In such a situation, the Monetary Authority will not allow them to do things like Tianyu Bank. operational.

Shen Bi has a deep sense of powerlessness towards the Li's consortium. The future of HSBC's competition with them may be more or less ominous. The series of developments of the Li's consortium are too demonic, as if they can predict the foresight, and every time a crisis occurs At that time, Li's consortium will take a new leap forward.

For example, this time, the Lee consortium exchanged US dollars for Hong Kong dollars in the early stage. As the exchange rate fell, it seemed that Tianyu Bank had lost a lot.

But Shen Bi knew very well that these US dollars were all exchanged for the funds saved by the citizens of Xiangjiang. In essence, they were still the funds of the citizens, and Tianyu Bank was just exchanging Hong Kong dollars for US dollars.

After the exchange rate of the Hong Kong dollar fell, the citizens of Hong Kong wanted to exchange more Hong Kong dollars for U.S. dollars in their banks, and the citizens also praised the Lee Consortium for its benevolence, and felt that Tianyu Bank was losing money to help them reduce their losses.

Shen Bi also knew that starting a few months ago, all the major groups under the Li Family Group had exchanged the idle funds in their accounts into US dollars. During this wave, their major groups did not suffer any losses, and it also strengthened their banks' ability to deal with this crisis. The background of the crisis.

Moreover, due to the strength shown by Tianyu Bank, Hong Kong Bank, Bank of East Asia, Hong Kong Asian Commercial Bank, and Sun Hung Kai Bank in this crisis, they have been welcomed by more citizens, and Hong Kong citizens are more willing to handle business in these banks.

With the strong rise of Tianyu Bank and the continuous retreat of the British consortium, HSBC and Standard Chartered Bank’s share in the Xiangjiang financial market has been continuously reduced. Not to mention Tianyu Financial Group, even the current Xiangjiang Bank and Bank of East Asia are chasing after them. on them.

While Shen Bi was still thinking, the director of the banking business department came to his office and gave a detailed report on today's press conference of Tianyu Bank.

"The press conference of Tianyu Bank has just ended. According to the information I have received, many institutions have already contacted Tianyu Bank. It is estimated that the business volume this time will be very large. I don't know what we should do?"

Shen Bi said: "Our bank's current policy remains unchanged, and there is no limit on the amount of foreign exchange exchange for our customers."

After the director left, Shen Bi called George Lavin and asked him to meet at the Mandarin Oriental Hotel.

At 11 o'clock in the morning, Shen Bi and George Lavin were sitting opposite each other in the teahouse box of the hotel.

Shen Bi said: "Lavin, the Li's consortium and the Xiangjiang consortium are becoming more and more dangerous to our two major banks, especially their flagship Tianyu Bank and Xiangjiang Bank. If we don't fight back and let them develop, the future Xiangjiang has no room for our two major banks to survive.”

Regarding the current situation, George LaVine has nothing to do. It's not that they didn't fight back before, but in the end it was themselves who suffered the damage, and the two consortiums continued to grow.

If it weren't for Standard Chartered and HSBC still holding the right to issue banknotes in Hong Kong dollars, I'm afraid they wouldn't even have the qualifications to sit on an equal footing with Tianyu Bank. In terms of strength and market value, Tianyu Bank would far surpass their two major banks.

Now the senior executives of Standard Chartered Bank are asking to stabilize their situation in Xiangjiang, and strive to open up markets in other regions, reducing the proportion of Xiangjiang market in the bank.

George Lavin said: "Shen Bi, now our two big banks are afraid that they will be powerless. The Hongkong British consortium has declined one after another. Hutchison Whampoa has become a subsidiary of the Hongkong consortium. Wheelock Group has been taken over by the Lee consortium. , The Swire Group and the Jardine Group surrendered one after another, and important assets were swallowed up by the Li Consortium and the Xiangjiang Consortium, so that we have no assistants in the industry at all, and we use whatever to restrict them."

Shen Bi smiled and said: "You also know the press conference of Tianyu Bank today. I don't know if Li Guangyu and his consortium can predict the foresight and make preparations in advance. Now it seems that the government is about to introduce the exchange rate policy. Suddenly With such a big bet, I hope that the two of us will join forces to let the government delay the introduction of the policy and make the Lee Consortium break up in foreign exchange, which will be a huge blow to them."

George Lavin did not expect that Shen Bi would think of such a method, but sacrificed the interests of the entire Xiangjiang to attack the Li's consortium. Such an approach is really crazy.

He admitted that if the government really agrees to their request, the Li's consortium may break down in terms of foreign exchange, and when there is a run on the Li's consortium, it will face huge losses.

You know, once there is a problem in Xiangjiang, Tianyu Bank will also suffer a run in other places. At that time, Tianyu Bank will be in big trouble.

It’s just that George Lavin doesn’t think the Xiangjiang government will adopt their opinions. Now all walks of life hope that the government can stabilize the current financial situation of Xiangjiang as soon as possible. Now they are waiting for Governor Yode’s signature and approval, and the fixed exchange rate will be officially implemented. At this time, they are asking Again, the Government will not agree.

Moreover, the Li's consortium and the Xiangjiang consortium also have considerable influence in the Xiangjiang government. Once this matter is exposed, HSBC and Standard Chartered will be the targets of all circles in Xiangjiang. The reputation of their two major banks in Xiangjiang will be completely ruined.

George Lavin said: "Shen Bi, have you ever thought about the consequences of doing this? Once the matter is revealed, the two of us will become sinners in Xiangjiang, and will be spurned by all the citizens of Xiangjiang. Our two major banks will never be in Xiangjiang again." It’s not doing us any favors.”

Of course Shen Bi is aware of the risks involved, but Shen Bi is not reconciled to giving up this opportunity.He knew very well that after this opportunity was lost, it would be very difficult for him to have the opportunity to attack the development of Tianyu Bank in the future.

With the continuous growth of Li's consortium and Xiangjiang consortium, it will be difficult for HSBC led by him to occupy the dominant position in Xiangjiang.

Shen Bi said: "Are you willing to watch Standard Chartered become a second-tier bank in Xiangjiang in the future? This is our only chance. This time, we will try to knock Tianyu Bank into the abyss so that they can never get up again. Let them It is no longer possible to create any threat to our two major banks."

……

(End of this chapter)