After Liu Tianci and Zhou Liangshuyi received Li Guangyu's instructions, their newspapers and TV stations focused all their attention on the Hong Kong Monetary Authority, vigorously criticizing the Monetary Authority's lazy administration and differential treatment.
Media from all walks of life in Hong Kong did not think it was a serious matter and reprinted the reports one after another. At the same time, they also dug out the news and criticized the Monetary Authority for not acting in accordance with the regulations.
Now this news has overshadowed the news of arriving in Hong Kong to participate in the men's volleyball world preliminaries. Media from all walks of life in Hong Kong are obviously more concerned about the issues between the Li Group and the Monetary Authority. This is also a contest between the Chinese-funded consortium and the British-funded consortium. From these
In the news, everyone can see that the Lee Group's own application for a bank certificate was blocked, and there were many British-funded consortiums among them.
As the director of the Hong Kong Monetary Authority, McBurney Deshawn has been very agitated these past two days. Facing the public opinion rising in Hong Kong, he has felt tremendous pressure. On the government side, some Chinese Legislative Council members headed by Mr. Rod Cheng
He and the executive councilors were also asking him why he did not act in accordance with the provisions and treated the Chinese people in Hong Kong differently.
The Governor of Hong Kong, MacLehose, naturally knew about this situation. He did not expect that the Lee Group had no intention of giving in this time. He directly asked his media to start reporting on the situation, using public opinion in Hong Kong to put pressure on the British consortium.
obstacles set up for him.
MacLehose had to step forward to coordinate this incident. After so many years of hard work, he made the citizens of Xiangjiang trust the government. Once the public opinion continues, I am afraid it will not only be the Monetary Authority, but I don’t know how much.
The department will be dragged down.
The Li Group can be treated differently by the government. What will those citizens think? I am afraid that a new round of storm will come and the current stable situation in Xiangjiang will be broken.
On the morning of March 9, Li Guangyu received an invitation from the Government-General's Palace in Hong Kong. He hoped that Li Guangyu could arrive at the Government-General's Palace at 3:30 in the afternoon. Governor MacLehose wanted to talk to him about something.
Li Guangyu knew very well why MacLehose was meeting him at this time. He also wanted to know what MacLehose was thinking and see how he was going to handle the matter, so he immediately agreed to MacLehose's invitation.
At three o'clock in the afternoon, Li Guangyu sat across from MacLehose in MacLehose's office. This time MacLehose did not prepare coffee, but served Li Guangyu with tea, and Li Guangyu could feel that this tea was
Li Guangyu, the Wuyishan Dahongpao tea he often drank with, had to find some connections to buy his own tea. I don’t know where MacLehose got it.
MacLehose said: "Mr. Li, I also know that Hong Kong is a place of freedom of speech. We do not have many restrictions on the news reports of media from all walks of life in Hong Kong. It is just that your media's blatant attack on the Monetary Authority this time is a bit excessive.
Yes. You should know that your influence in Hong Kong is very huge. This time your media took the lead and had a very negative impact on the stability of Hong Kong."
Li Guangyu doesn't want MacLehose to talk about the overall situation. If the British consortium here hadn't blocked him and didn't want him to establish a sole proprietorship of the bank, he wouldn't have had nothing to do and let his own media report these things.
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Li Guangyu said: "Mr. MacLehose, my media has always sought truth from facts and will never report unfounded things. This time the Monetary Authority has really chilled us Chinese people. Our application materials have been submitted for nearly three months.
It’s time. According to regulations, the Monetary Authority should give us a reply within a week, and under special circumstances it should not take more than half a month. But so far, we have not received any reply."
MacLehose knew why the Monetary Authority was delaying this time. If the approval of the Li Group was passed, the heads of the major British consortiums in Hong Kong would not be satisfied. Reasons had to be given for failure, but the Li Group applied for a bank
The licenses are all in accordance with the regulations of the Hong Kong Monetary Authority, and all of them meet the standards.
If the Monetary Authority vetoes the Li Group's application with unfounded conditions, there are many experts in the law firms owned by the Lee Group, plus the Luo family, I am afraid they will challenge the Monetary Authority to the court.
File a lawsuit.
MacLehose also feels a headache. The current situation is obviously that the Xiangjiang British Capital Group hopes to limit the expansion of the Lee Group so as not to threaten their status. In order to stabilize its development, the Lee Group is unwilling to give in at all. This
It was difficult for MacLehose, who wanted to maintain the stable development of Hong Kong, to deal with this.
MacLehose said: "Mr. Li, your group is already quite large now, and your Li Group has just taken control of Wing Hang Bank. Can you please slow down and stop reporting on this incident in your media?
Let’s communicate with other people and give you a reply as soon as possible.”
Li Guangyu will not give in this time. Li Guangyu does not believe in MacLehose's delaying strategy. Now that public opinion has risen, and the bank application has not been approved, he will not suppress it himself.
Li Guangyu said: "Mr. MacLehose, this time the Monetary Authority has been influenced by some people and cannot serve the citizens fairly. Now I and the citizens of all walks of life in Hong Kong are waiting for the decision from the Monetary Authority.
"Our media reports should be based on facts and truth. We should not obstruct it. We citizens also need the right to know."
MacLehose felt very disappointed, and at the same time felt sad for the British-funded consortiums in Hong Kong. They had been developing for hundreds of years, but now they would unite to suppress a group that had only been developing for a few years, and even used the government's power to block the Li family at all costs.
Formation of the core group of the group.
These British-funded consortiums are now afraid of the Li Group. How will they compete with these Chinese-funded groups in the future? Perhaps in the near future, this place will become completely dominated by Chinese-funded consortiums.
MacLehose said: "Mr. Li, I think you should be very clear about why the Monetary Authority is in such a situation this time. Many people feel that your Li Group poses a threat to them and do not want you to control the core of finance in Hong Kong.
Industries to prevent you from impacting them, including HSBC and Standard Chartered, the two major banks that currently have the right to banknote Hong Kong, the Monetary Authority has to consider their opinions."
Li Guangyu certainly knows the strong influence of these two major banks in the Monetary Authority, otherwise the connections behind Li Guangyu would not be ineffective. However, HSBC and Standard Chartered want to prevent him from establishing a bank, so how can he let them get what they want.
Li Guangyu said: "Mr. MacLehose, I believe that the Monetary Authority serves the entire Hong Kong and only considers the opinions of these two major banks. Moreover, Hong Kong is a Hong Kong shared by more than five million of our citizens, the vast majority of whom are Hong Kong residents."
Being Chinese, I think it is not appropriate for Hong Kong banknote rights to be handed over only to these two major banks."
When MacLehose heard what Li Guangyu said, he was speechless. No wonder HSBC and Standard Chartered Bank tried their best to prevent Li Guangyu from entering the banking industry. They were trying to steal other people's cheese. In the past, there were only three banks in Xiangjiang that had banknote rights. It was beneficial for the banks to be HSBC.
After the acquisition, HSBC and Standard Chartered have had this power for nearly two decades.
MacLehose said: "Mr. Li, it seems that we can't reach a consensus for the time being. I hope you can come to our Governor's Mansion again tomorrow morning. I will also meet with Shen Bi and Powell Wilson, as well as Mr. Mike from the Monetary Authority. Director Niedershoorn, we are all going to have a consultation on your bank application."
MacLehose could only get several people to sit down and discuss together. He could not let things continue like this, which would be very detrimental to the Hong Kong government.
Li Guangyu smiled and said: "Mr. MacLehose, there is no problem. I will be there on time tomorrow morning. I sincerely hope that the government can handle things in accordance with the regulations. Some people stretch their hands too far, which is not good for the government."