At the subsequent discussion meeting, some small and medium-sized financial institutions also began to put forward some of their own opinions. They mainly hoped that the government could introduce some policies to stabilize the economic development of Xiangjiang and maintain the current situation in Xiangjiang.
They hope that Xiangjiang can maintain the price of the property market in Xiangjiang and avoid the chain reaction caused by the collapse of the property market.
As long as the property market prices remain stable, they are not worried about thunderstorms in their banks and companies. Later, they will control loans to real estate and recover previous bank loans, so that they can maintain the normal operations of their companies and banks.
It's a pity that these people have made a wrong calculation. The Xiangjiang government will not jump out to support them. The current high housing prices in Xiangjiang have had a serious impact on the economy of Xiangjiang. After this squeeze, the cost of living for citizens will be reduced a lot.
, Promote the development of other industries in Hong Kong.
And due to the news a few days ago, the Xiangjiang government is unable to support the market. They cannot control private transactions. Now a large number of second-hand houses are being sold at reduced prices, and the government has no right to ask how much people sell them for.
Besides, the Chinese-owned families in Xiangjiang have suffered the most here. Britain will not let Xiangjiang use its finances to pay for these people. Their domestic economy is currently in difficulty. He is eager to take back all the fiscal revenue from Xiangjiang and use it for Britain.
local input.
At the end of the meeting, Chen Youqing, chairman of Xiangjiang Asian Commercial Bank, said: Mr. Deshawn, with the continuous development of our Chinese capital over the years, Xiangjiang has taken an increasingly heavy share in finance. We hope to improve some aspects of Xiangjiang.
Some conditions in the financial market, especially in terms of the right to issue Hong Kong dollar notes, I think it is unfavorable to the development of Hong Kong to have only two British-owned banks, HSBC and Standard Chartered. In this regard, I suggest that we increase the participation of Chinese-owned banks to play a role.
Balanced effect.
McBurney Deshawn learned last night that Chinese banks would challenge him at this meeting today on the issue of the right to issue Hong Kong dollar notes, and he was prepared to deal with it.
In other respects, both the British and Hong Kong governments can tolerate the entry of Chinese-funded families. However, they currently will not allow Chinese-funded families to enter the Hong Kong dollar banknote issuance rights. This is a trump card for them to control Hong Kong's finance. As long as this is in their hands,
Their influence on Hong Kong will not diminish.
McBurney Deshawn said: Mr. Chen, our meeting is mainly about the current situation in Hong Kong. As for the right to issue Hong Kong currency notes, it is not within the scope of the agenda of this meeting, and I have no right to make a statement on this.
Therefore, everyone is invited to put forward suggestions and opinions related to this meeting. As for other matters, we will discuss it later.
Feng Jingxi and others had known for a long time that Deshawn would respond in this way and deliberately avoided discussing this issue. They would not just let it go.
Li Guobao said: Mr. Deshawn, the theme of our discussion this time is to maintain the financial stability of Hong Kong in the future, and the right to issue Hong Kong dollars is the most important core. Currently, in the financial industry of Hong Kong, our Chinese financial institutions occupy the mainstream.
The issuance of Hong Kong dollars involves the interests of five million people in Hong Kong. This right should not be exclusive to HSBC and Standard Chartered. Only by introducing one or two Chinese-owned banks can a balance be formed and Hong Kong's financial market can be
Can be more stable.
Shen Bi saw that the allies of the Li Group were preparing to force the palace. They were determined not to give up until they got the right to issue Hong Kong dollars. Moreover, it seemed that Tianyu Bank was not enough. They even dreamed of two banks coming in. Join forces with them to fight against this.
Shen Bi said: Mr. Li, our registered place of HSBC is in Hong Kong. Over the past hundred years, HSBC has been serving the citizens of Hong Kong illustriously and made its own contribution to the financial stability of Hong Kong. The right to issue Hong Kong dollar notes is currently two The home is just right. If the number of such banks and institutions increases, it will only cause turmoil in the financial situation in Hong Kong and affect the stability of the financial market in Hong Kong.
Feng Jingxi said: Hong Kong belongs to the five million Hong Kong citizens. The right to issue Hong Kong dollar notes cannot be monopolized by HSBC and Standard Chartered Bank. This is very detrimental to the future development of Hong Kong. If Mr. Shen Bi thinks that two banks are enough, I suggest Cancel Standard Chartered's right to issue banknotes. Standard Chartered is headquartered in London. We doubt whether they will actually consider Hong Kong's interests.
George Raven immediately quit after hearing what Feng Jingxi said. His bank would never give up the right to issue Hong Kong currency notes. What made him even more annoyed was that Feng Jingxi started a regional attack. Standard Chartered Bank is headquartered in London. , but their largest market is in Asia, in Xiangjiang.
And he is very clear that Feng Jingxi’s words can resonate with all walks of life in Hong Kong. If you are not even registered in Hong Kong, how can you contribute wholeheartedly to the development of Hong Kong? This will become their biggest leverage for Standard Chartered Bank on this issue. .
George Lavin immediately retorted: Mr. Feng, what you said is biased. Over the past decades, we Standard Chartered and HSBC have held the right to issue Hong Kong dollar notes and have been making our own contributions to the financial stability and development of Hong Kong. The Hong Kong dollar has maintained a relatively stable trend over the years, providing strong support for the rapid development of Hong Kong's economy. Although our headquarters is in London, this does not hinder our bank's support for Hong Kong.
Luo Qianwen herself also hopes that Tianyu Bank can win the right to issue Hong Kong dollar notes. At this time, her allies have spoken out, so she will not just wait.
She said: The right to issue Hong Kong dollar notes has a great impact on Hong Kong. I think it is extremely unreasonable for British banks to control it. It will also make our Chinese and foreign banks feel insecure. I suggest that it is best to have three banks. Banknote rights, this is more balanced. As Standard Chartered Bank, a bank not registered in Hong Kong, we should take a responsible attitude for the more than five million citizens of Hong Kong, cancel their rights, and let local banks in Hong Kong replace their rights.
Li Guangyu looked at the dispute between the two parties, and he knew that this matter was probably impossible to achieve. Even if there was such a fuss at the meeting, Governor Youde and the British government would not pay attention to it.
If even the right to issue Hong Kong dollar notes is given up, how can the British control Hong Kong? For their own benefit, the British government will not let other capital have the right to issue Hong Kong dollar notes, even if the Lee Group has a good relationship with the Conservative Party.
Sure enough, McBurney Deshawn stopped the quarrel between the two parties. He only heard him say: The issue of the right to issue banknotes in Hong Kong involves too much and the problem is too big. This cannot be decided in a short time. As for some of your I will report my views and opinions to the Governor, who will make a decision. We are all part of the financial community in Hong Kong and have made great contributions to the economy of Hong Kong. We should work together to make greater contributions to the development of the economy of Hong Kong. Many contributions.
What McBurney Deshawn is most worried about is that this matter was directed by Li Guangyu. If the media owned by the Li Group launches an attack on Standard Chartered Bank on this matter, Standard Chartered Bank will be in big trouble.
Standard Chartered Bank's biggest flaw is that its headquarters is not in Hong Kong. The Hong Kong dollar is related to the vital interests of the people of Hong Kong. How can they be willing to believe that a bank that is not even registered in Hong Kong will safeguard their interests.