On the morning of the 22nd, Li Guangyu and others held a three-hour meeting to discuss how to maintain the stability of Hong Kong's financial sector and ensure that Hong Kong's economy would not be affected by this and cause major turmoil.
At the meeting, McBurney Deshawn hoped that HSBC, Standard Chartered and Tianyu Bank could make contributions to this storm and reflect their responsibilities as large banks in the Hong Kong region.
This time it is another battle over the right to issue Hong Kong dollar notes. A banking alliance headed by Luo Qianwen, vice chairman of Tianyu Financial Group, and Feng Jingxi of Sun Hung Kai Bank expressed their views on this issue.
Feng Jingxi said: "Mr. De Sean, the current financial situation in Hong Kong is facing severe challenges. For the future of Hong Kong, I suggest that Tianyu Bank obtain the right to issue Hong Kong dollar notes so that Tianyu Bank can play a greater role in this financial situation.
role and make greater contributions to the financial development of Xiangjiang."
At present, the situation has not developed to the point where the Lee Consortium must be punished. McBurney Deshawn will not be willing to let the Lee Consortium obtain the right to issue Hong Kong dollar notes.
At present, the British government has the greatest influence on Hong Kong. Whether it is public opinion in Hong Kong or in terms of real enterprises, the British consortium has retreated across the board. Only in the financial field can they still occupy the dominant position. Once the core Hong Kong dollar is lost,
If the right to issue banknotes is also controlled by Chinese-funded consortium, how can the British control Hong Kong?
McBurney Deshawn said: "Today we are discussing the current financial situation in Hong Kong. The Hong Kong dollar is currently very stable. Adding new banknote-issuing banks at this time will only cause greater financial turmoil and is not conducive to us solving the current problem.
Difficult matter, don’t mention it again.”
After this incident, Deshawn specifically asked about the current situation of Yongan Bank.
Now because Guo Zhikuang is being investigated by the Hong Kong Economic Crime Investigation Bureau, today the person coming today is Guo Zhiquan, chairman of Wing On Group, who is also Guo Zhikuang's eldest brother.
Guo Zhiquan said: "Mr. Deshawn, our Yong'an Bank is still in a state of being run. Our bank's reserve funds will be maintained until tomorrow afternoon at most. We also hope that you can lend a helping hand to resolve this crisis in our bank."
Guo Zhiquan has a good calculation. He hopes that the Hong Kong government will help him stabilize the current situation for the sake of financial stability, so that the Guo family can keep Wing On Bank.
It's a pity that he was too naive. The Monetary Authority will not come to rescue a Chinese bank, and the major banks will not help them resolve the crisis for no reason. They will not do anything without profit.
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Guo Zhiquan's idea of keeping Yong'an Bank is unrealistic. This is the fact. Deshaun directly believes that the Monetary Authority has not yet entered the market and the major banks will solve the difficulties they encounter on their own.
At the same time, major banks are required to appease their customers and not refuse customers to withdraw their deposits for any reason. The Monetary Authority will increase supervision of major banks in Hong Kong in this regard.
McBurney Deshawn never thought about having to support his own end. The Financial Management Bureau did not have that much funds to support his end.
This time, a number of banks in Xiangjiang will definitely need to be cleaned up. He now needs to strengthen supervision over them. Once there is a problem with a bank, they will take over it immediately to minimize the losses of Xiangjiang citizens.
During the luncheon, Guo Zhiquan specially came to Li Guangyu, Luo Qianwen, Feng Jingxi, Li Guobao and others and sat at the same table with them.
Guo Zhiquan knows very well that without the help of external forces, Yongan Bank will not be able to survive this crisis. The only ones in Xiangjiang that have the strength to help him are HSBC, Standard Chartered, the Lee Consortium and their interest groups.
In particular, the Li's consortium has very strong funds, and he also knows some news about the stock market. The Li's consortium and its interest groups have made a lot of profits this time, and Yong'an Bank is only a small and medium-sized bank. As long as it has one billion Hong Kong dollars,
The funds can be put into use.
Since the meeting will continue in the afternoon, no wine will be prepared for the banquet at the Governor's Mansion at noon.
Guo Zhiquan picked up a cup of tea and said: "Mr. Li Guangyu, Mr. Feng Jingxi..., I would like to toast you all with tea instead of wine."
At Li Guangyu's table, in addition to the Li interest group, there are also Guo Zhiquan, as well as the chairman of Guang'an Bank and the chairman of Fushun Bank.
The latter two are both small banks, and they are not having a good time this time. However, what is better for them than the Guo family is that they have not invested in real estate. They are only facing debts that cannot be recovered for the time being, and have not yet become insolvent.
The Guo family is in big trouble this time. The expansion of their Yongan Real Estate is mainly supported by loans from Yongan Bank. In addition, Guo Zhikuang is suspected of illegal lending this time. It will probably be difficult for Yongan Bank to get out of this quagmire.
It's quite difficult.
Li Guangyu and others also showed great respect to Guo Zhiquan, and they all picked up teacups in response.
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After Guo Zhiquan put down his tea cup, he said to Li Guangyu: "Li Sheng, our Yongan Group and Yongan Bank have always been developing well. This time it is just that some debts cannot be recovered temporarily. Now we are facing a run on the public. I hope you will
For the sake of being a Chinese-owned family, you can lend a helping hand and save our Guo family once."
Li Guangyu said: "Guo Sheng, you must have known that when our major banks reduced their loans to the real estate industry, didn't you think about the current situation at that time? And what is the current situation of your Yong'an Bank?
I’m not sure, and I can’t give you a definite answer at the moment. After I go back, I will ask my staff to evaluate Yong’an Bank, and then discuss it with the senior management.”
The relationship between Li Guangyu and Guo Zhiquan's family was good or bad, it was just average, and he was not willing to tell them the truth at this time.
Since they didn't follow suit when our own bank contracted, they must be prepared to bear the consequences.
The bank that has problems this time will not be Yongan Bank alone. If every bank asks itself to help out for the sake of being a Chinese-owned family, it will probably drag itself to death.
When Guo Zhiquan received such a reply from Li Guangyu, he knew that the path for the Li Group was unworkable.
And if their bank does not have support before tomorrow afternoon, it will face a situation where there is no money to withdraw. At that time, their Yongan Bank can only be taken over by the Hong Kong Monetary Authority and undergo bankruptcy liquidation.
Since seeking assistance failed, Guo Zhiquan came up with a new plan. He said: "Li Sheng, I don't know if you are interested in our Yongan Bank. Our Guo family is willing to transfer part of the bank's equity to you."
He hoped that the Li Group could take a stake in Yong'an Bank. With the influence of the Li Group and Li Guangyu, as long as they bought shares, the run on Yong'an Bank would be reversed immediately.
And maybe some of the previous customers will return, just like the former Wing Hang Bank. After the Li Group took over, Wing Hang Bank is now one of the top ten banks in Hong Kong. In addition to the three dominant banks, they and
East Asia, Heung Kong Commercial Bank, and Hang Seng Bank are on par with each other. How can the former Wing Hang Bank compare with these major banks?