Tianyu Investment Company submitted an application to establish a bank to the Hong Kong Monetary Authority, but nearly two months have passed and it still has not received approval from the Authority. Even if Li Guangyu found some connections this time, it still had no effect.
These British people in the Financial Management Bureau did not buy the account of Li Guangyu and the Li Group, and directly blocked the application of Tianyu Investment Company here.
After Zhou Liang Shuyi and Liu Tianci left, Li Guangyu came to Tianyu Investment Company to discuss bank issues with Yuan Tianfan and other senior executives.
Luo Qianwen reported to Li Guangyuhui: "Li Sheng, this time the Financial Management Bureau deliberately blocked us and did not want us to set up our own wholly-owned bank. After the materials were submitted, they did not approve it and did not give us specific reasons. They just
They said they are still reviewing it and are delaying it on purpose."
Luo Qianwen was also very angry about this, and specifically asked Luo Decheng to see what was going on.
Li Guangyu asked Yuan Tianfan: "Tianfan, do you have any other plans that would allow us to solely control a bank?"
Yuan Tianfan has been paying attention to this matter since he came back. It is currently difficult for the Li Group to get approval from the Monetary Authority to build its own bank. This time, many British-funded consortiums are working behind the scenes to isolate the Li Group.
Outside of the banking industry, fortunately, the Lee Group now controls Wing Hang Bank.
This time, two executives from HSBC and Standard Chartered, two companies with Hong Kong dollar rights in Hong Kong, contacted the director of the Hong Kong Monetary Authority, McBurney Deshawn, and strongly opposed the Lee Group's establishment of its own bank. The reason was actually to avoid the emergence of Hong Kong Financial.
turmoil.
Jardine Matheson's Nubigian, Wheelock's John Madden and Swire Group's John Swire have all contacted McBurney Deshawn to express concern about the matter and do not want the Monetary Authority to approve Lee's
Application for group establishment of bank.
Today's Xiangjiang British consortium feels that the Lee Group poses too great a threat to them. If the Lee Group is allowed to solely own a bank and has unlimited financial support from the bank, who knows whether its own companies will become the target of his attacks.
, I still remember the battle between Jardine and the Lee Group last year.
In particular, Shen Bi, the chief executive of HSBC Bank, now feels like he is feeding a tiger into danger. At first, he thought he would win over Li Guangyu, hoping that when the Li Group grew stronger, it would bring rich returns to his bank.
Facts have also proved that it has indeed brought good profits to HSBC. In recent years, HSBC has made a lot of profits from its cooperation with the Lee Group. Unfortunately, the good times did not last long. This cooperation ended in just three years. Now
Instead, HSBC will face the attack of this already strong tiger.
If you look at the development of the Lee Group, you will know that the ambitions of the Lee Group are too great. He knows very well that once the Lee Group enters the banking industry, it will definitely compete with Standard Chartered and HSBC, and will eventually seize their power over the Hong Kong dollar bank.
, this is definitely what the Li Group hopes to get.
Although Shen Bi and Standard Chartered Bank's chief executive, Powell Wilson, fought fiercely, they had very similar views when facing a group that wanted to share their profits. They must not let the Lee Group come out to take away the power in their hands.
Yuan Tianfan replied: "Li Sheng, it may be difficult for us to wait for the approval of the Monetary Authority. The British consortium in Xiangjiang is more wary of our Li Group, so they are putting pressure on the Monetary Authority and don't want us to
Establish a wholly-owned bank. If the Jianing Group incident had not been too influential this time, the Hong Kong government hopes to deal with this matter as soon as possible. At the same time, Wing Hang Bank suffered a run, and we were afraid that we would not even be able to control Wing Hang."
Li Guangyu knew that he had now become the main target of the British-funded consortium in Hong Kong. Regarding his Li Group, several major British-funded consortiums in Hong Kong had already joined forces, hoping to curb the rapid development of the Li Group in Hong Kong.
Luo Qianwen said: "Li Sheng, what I'm worried about now is that not only our application to establish a bank will not be approved, but also our plan to fully acquire other banks will not be approved by the Monetary Authority."
Li Guangyu didn't have a good way to deal with this. This time, these British-funded consortiums were deliberately targeting his Li Group. Hong Kong is still under British rule. These officials are also British people. They will definitely support the British.
From the capital consortium side.
However, Li Guangyu also has some plans. This time he is planning to do something big in London. Doesn’t Standard Chartered Bank want to cooperate with HSBC to suppress him? Li Guangyu directly acquires Standard Chartered in London, but this matter is not urgent.
, wait until he makes a fortune from the stock market.
Li Guangyu said: "As for the bank application, you send people every day to urge the handling personnel of the Monetary Authority to ask them to give an explanation. If there are any conditions that are not qualified, let them point it out. Our reporters and media can also
Follow up and report. At the same time, look at small and medium-sized banks in Hong Kong. If they can be acquired, we can negotiate and test the attitude of the Monetary Authority."
Li Guangyu is planning to use his media group this time. He wants to see what explanation the Hong Kong Monetary Authority will give at that time. Li Guangyu is really not afraid that the authority will release the standards established by the bank. For their Tianyu Investment Company
If they are unable to establish a bank, it is estimated that few banks in Hong Kong can meet such standards today.
Yuan Tianfan said: "Li Sheng, we will make arrangements in this regard. Regarding bank acquisitions, I already have a goal. This Jianing Group incident has affected many banks in Hong Kong, and Guang'an Bank is one of them.
Moreover, Mr. Liang Dingbang, who is now taking over Guang'an Bank, is a doctor and has little interest in bank management. I will talk to him about the acquisition."
Li Guangyu said: "Tianfan, don't be anxious in negotiating. These British consortiums are definitely keeping a close eye on us. I guess they will be bored and make it more difficult for me. Otherwise, our acquisition will fall short. We
Just delay it for a while, I think in July and August, they won't have much energy to pay attention to us."
Yuan Tianfan and others are not stupid. When they heard what Li Guangyu said, they knew that something big would happen in July and August. Otherwise, how could these British-funded consortiums relax their vigilance against their own group? After contacting Li Guangyu, not only did they let their real estate
The group went out to develop, and even the investment group was persuaded to go to Japan to open a market. They estimated that in July and August, Hong Kong's economy might be in turmoil.
Yuan Tianfan said: "Don't worry, Li Sheng, I will make good time."
Li Guangyu then asked Luo Qianwen about the listing of Zhaoji Group. Seeing that March was coming and the listing time of Zhaoji Group was coming, Li Guangyu also wanted to know about this situation.
Luo Qianwen said: "Li Sheng, this time Zhaoji Group has taken out 33% of the shares. Our Tianyu Investment Company has taken 20% of the shares, and 13% of the shares will flow into the market. The current market value of Zhaoji Group is 1.3 billion
The total number of shares is valued at 100 million shares in Hong Kong dollars and will be officially listed on the Far East Exchange on March 1."
Nowadays, due to the booming real estate market in Hong Kong, the Shau Kee Group is also very popular among investors. Li Guangyu believes that once the Shau Kee Group is listed on the Far East Exchange, its market value will soon rank among the top five Chinese real estate companies in Hong Kong.