On this day, John Shihuai and John Madden did not just give up on the suggestion made yesterday that the Hong Kong government should put pressure on Li Guangyu. They began to actively run, hoping that the top leaders of the Hong Kong government would agree to their suggestions.
, allowing the Li Group to end this transaction in the stock market ahead of schedule.
These two family elites only hope to reduce the losses of some groups so that they can live better in the family and avoid becoming abandoned sons of the family.
On Sunday morning, John Swire and John Madden first met with McBurney Deshawn, the director of the Hong Kong Monetary Authority, hoping that he could temporarily close the Hong Kong Exchange on the grounds of Hong Kong's financial stability and give
They fight for more time, knowing very well that as soon as the market opens tomorrow, the stock market will continue to fall, and they will not be able to reach a deal with the Li Group within one day.
As for whether the temporary closure of the exchange for a few days will cause panic among Xiangjiang citizens and stock investors, this is not within the scope of these two people's consideration. They just want to stop their losses and leave the market quickly, and the subsequent plunge caused by this will not be necessary.
Pay the bill yourself.
After hearing this, McBurney Deshawn immediately rejected the request of these two people. He was joking, how dare he harm the interests of all Hong Kong shareholders for the sake of these two groups, and this matter does not matter whether it is the Governor's Mansion or the Administrative Bureau.
No one there will pass this proposal, and the major exchanges will not agree to such an approach.
These two young masters of the family were so jealous this time. They could think of such thoughts, and they actually expected themselves to agree. I don't know what they were thinking.
John Shihuai Ya said: "Mr. Deshawn, several of our major British financial groups have suffered heavy losses this time. Even HSBC and Standard Chartered are not having a good time. You don't want Hong Kong to be dominated by the Chinese in the future. Please look at it."
In our British interests, we can
Take action once to interrupt the rise of the Chinese-funded consortium, especially the Li Group. If we don't stop losing money and leave the market now, once they get huge profits from it, our British-funded consortium will no longer have much influence in Hong Kong.
Stronger."
As the director of the Financial Management Bureau, McBurney Deshawn is also aware of the situation in recent years. With the rise of Chinese-funded consortiums, British-funded consortiums no longer have the same self-centered momentum as before, especially in the late 1970s.
From the beginning, British-funded consortiums have been constantly impacted by Chinese-funded consortiums. Hutchison Whampoa, one of the four major foreign banks, was acquired by Chinese-funded consortiums, which dealt a heavy blow to Hong Kong's British-funded consortiums.
But even so, I can't take action. This time, you groups have lost the bet. Their government has no power to do this. I'm afraid that I just made such a suggestion. As the director of the Financial Management Bureau, I
No need to sit down.
McBurney Deshawn said: "Mr. Shihuai Ya, Mr. Madden, the issue of market closure is impossible. We can't break the rules just because of your needs. Don't say we don't agree, even if this is the case."
Even if this happened in London, I would not agree to your request. This is your own investment mistake, and you cannot let others pay for you."
When John Swire and John Madden saw that McBurney Deshawn still disagreed with his suggestion of closing the market, they knew that losses tomorrow would be inevitable and that their ideas could not be realized.
John Shihuaiya originally hoped to force Li Guangyu to end the transaction early by suspending the market. Once Li Guangyu disagreed, he would act as a promoter from behind and lead public opinion to Li Guangyu and the Li Group, in order to kidnap the public opinion in Hong Kong.
Li Guangyu put pressure on himself so that he could stop his losses and leave the market.
It's a pity that even if I bring out the interests of the British consortium and England, it's useless. I can only change to the second plan.
John Shihuai Ya said: "Mr. Deshawn, you don't want our British-funded consortium in Hong Kong to suffer too much. Once the Chinese-funded consortium takes control of the Hong Kong economy, I'm afraid you people in power will not have a good time. After all, you also
They are all British. In their hearts, they will always trust their own people more, especially the Lee Group. If you look at the senior management of his group, they do not trust people other than Chinese. The same goes for you."
McBurney Deshawn also knew that if the Hong Kong economy was in the hands of the Chinese, it would indeed be detrimental to their rule. Without the British consortium to support their government, their decisions on many issues would be somewhat difficult.
McBurney Deshawn said: "Mr. Shihuai Ya, there is nothing I can do here. I can accompany you to meet Mr. MacLehose to see what he thinks. If Mr. MacLehose is willing to help you,
I think things will be much easier."
…
It was already eleven o'clock in the morning when John Swire and others arrived at the Governor's Palace in Hong Kong. MacLehose did not go to work today and met them at home.
After being polite to MacLehose, John Shihuai and others proposed their intentions to MacLehose, hoping that MacLehose could lend a helping hand.
MacLehose was very angry after hearing this. He really thought of everything for his own benefit, and even plausibly supported the closure of the market. Now that the stock market has fallen sharply, it has cast a shadow on Hong Kong's economy. If the government continues to
The forced market shutdown will have a devastating blow to Hong Kong's economy. After nearly ten years of governance, do you want to return to its original shape when you leave office?
MacLehose said: "Shihuai Ya, Madden, I can tell you clearly that your idea is impossible to realize. You should not use the British consortium as an example. You must admit that your investment has failed. These
There is little use in making extravagant moves, and I don’t want to cause riots in Xiangjiang under my governance.”
After seeing that closing the market would not work, John Swire said to MacLehose: "Mr. MacLehose, this time it is not just our two groups, the loss of Jardine Matheson Group will be the sum of our two groups, HSBC Bank and
Standard Chartered Bank also suffered considerable losses. Once the stock market continues to fall this time, our British-funded consortium will suffer losses of tens of billions of Hong Kong dollars, which will have a serious impact on the Hong Kong economy. We hope that you can serve as an intermediary and contact Mr. Li Guangyu
, and end this transaction with us early.”
MacLehose was also very surprised. He did not expect that the Lee Group and the British-funded consortium would make such a big bet this time. Once the stock market continues to decline, the strength of the British-funded consortium will be reduced by half this time.
As for the Li Group, relying on this profit, no group in Xiangjiang can shake its position. It is estimated that if several major British-funded consortiums join forces, it will be difficult to cause trouble for him.
The Lee Group, which has tens of billions of Hong Kong dollars in cash, will be a very scary existence, especially for the British consortium, who will worry that their listed company may change hands at any time. Last year, the Lee Group
He did this once and snatched the Hong Kong Telephone Group from the Jardine Group.
However, MacLehose will not stand up for these companies. This is a normal commercial transaction. It is impossible for him to intervene just because the British consortium is damaged. This will only make the citizens of Xiangjiang hate the British and them.
dissatisfaction, which is not conducive to the stability of their governance in Hong Kong.
MacLehose said: "Shihuaiya, this is a business matter for you. Please handle it according to business rules. Our government will not and cannot interfere. You yourself must also have confidence in Xiangjiang. Maybe the stock market will
It will take a few days to recover. If you are in a hurry to trade now, if the stock market rebounds, you will suffer a big loss."
John Swire and John Madden were completely disappointed. MacLehose's refusal let them know that it would not work to try to put pressure on the Lee Group by the government. They were at a loss as to what to do in the future.
As for continuing to fill this hole and waiting for the stock market to rebound, they have never thought about such a problem. In the short term, they have no hope.