Chapter seven hundred and seventy sixth crazy idea
While these institutions were busy contacting Tianyu Bank, Shen Bi and George Lavin also received the news. As the heads of the two major banks of the Hong Kong dollar note-issuing banks, they naturally knew the policies that the government was about to promulgate. After all, this aspect was also Regarding the interests of the two major banks, the government has communicated with them.
It's just that their two major banks can only watch Tianyu Bank's operations at present, and their two major banks are powerless to do so. A lot of foreign exchange has been exchanged by their two major banks these days. They still need reserves to deal with the crisis, but they can't. Dare to exchange foreign capital.
Moreover, the Hong Kong Monetary Authority will never let the two well-informed banks to enter the market. Tianyu Bank does not know about it. They do not violate the regulations. The two of them cannot do it. They can only continue their previous practices these days. , the Monetary Authority is supervising these two major banks.
This is also to ensure the stability and relative fairness of the financial market in Xiangjiang, otherwise other financial institutions in Xiangjiang will be completely eaten up by HSBC and Standard Chartered.
Since the two banks have the right to issue Hong Kong dollar notes, the Hong Kong Monetary Authority needs to ask their opinions on many policies before formulating policies. In such a situation, the Monetary Authority will not allow them to do this like Tianyu Bank. operational.
Shen Bi has a deep sense of powerlessness towards the Li Group. The competition between HSBC and them is likely to be doomed in the future. The series of developments of the Li Group are so amazing, as if they can foresee every crisis. When the time comes, the Li Group will take a new leap forward.
For example, this time, the Li Group exchanged US dollars for Hong Kong dollars in the early stage. As the exchange rate fell, it seemed that Tianyu Bank suffered a big loss.
But Shen Bi knew very well that these U.S. dollars were all exchanged for funds saved by the citizens of Xiangjiang. In essence, they were still citizens' funds. Tianyu Bank was just converting Hong Kong dollars into U.S. dollars.
After the exchange rate of the Hong Kong dollar fell, Hong Kong citizens had to use more Hong Kong dollars to exchange for US dollars at their banks. Moreover, the citizens also praised the Lee Group for their benevolence and righteousness, and felt that Tianyu Bank was losing money and helped them reduce their losses.
Shen Bi also knew that starting a few months ago, all the major groups under the Li Group had converted idle funds in their accounts into U.S. dollars. During this wave, their major groups did not suffer any losses, and they also strengthened their bank's response to this incident. The background of the crisis.
Moreover, due to the strength shown by Tianyu Bank, Hong Kong Bank, Bank of East Asia, Hong Kong Asian Commercial Bank, and Sun Hung Kai Bank during this crisis, they have been welcomed by more citizens, and Hong Kong citizens are more willing to handle business at these banks.
With the strong rise of Tianyu Bank and the continuous retreat of British-funded consortiums, HSBC and Standard Chartered Bank have continued to reduce their share of the Hong Kong financial market. Not to mention Tianyu Financial Group, the current Bank of Hong Kong and the Bank of East Asia have to catch up. Fuck them.
While Shen Bi was still thinking, the director of the banking business department came to his office and gave a detailed report on Tianyu Bank's press conference today.
"The press conference of Tianyu Bank has just ended. According to the information I got, many institutions have already contacted Tianyu Bank. It is estimated that the business volume this time is very large. I wonder what we should do?"
Shen Bi said, "Our bank's current policy remains unchanged and there is no limit on the amount of foreign currency exchange for our customers."
After the director left, Shen Bi contacted George LaVine by phone and asked him to meet at the Mandarin Oriental Hotel.
At 11 o'clock in the morning, Shen Bi and George LaVine sat opposite each other in the hotel's teahouse box.
Shen Bi said, "Lavin, the Li Group and the Xiangjiang Group are becoming more and more dangerous to our two major banks, especially their flagship Tianyu Bank and Xiangjiang Bank. If we don't fight back and let them continue to develop, Xiangjiang will be in danger in the future." There is no room for our two major banks to survive."
There is nothing George LaVine can do about the current situation. It is not that they have not fought back before, but in the end they are the ones who suffer the consequences. However, the two major consortiums continue to grow.
If Standard Chartered and HSBC had not controlled the right to issue Hong Kong dollar notes, they would not even have the qualifications to be on an equal footing with Tianyu Bank. In terms of strength and market value, Tianyu Bank would far surpass these two major banks.
Now the senior management of Standard Chartered Bank are demanding to stabilize their situation in Xiangjiang, strive to expand markets in other regions, and reduce the proportion of the Xiangjiang market in the bank.
George Lavin said, "Shen Bi, now our two major banks are afraid that they are powerless. Several major Hong Kong British consortiums have declined one after another. Hutchison Whampoa has become a subsidiary of the Heung Kong Consortium, and the Wheelock Group has been taken over by the Lee Consortium. The Swire Group and the Jardine Matheson Group surrendered one after another, and important assets were swallowed up by the Li Group and the Heung Kong Group, so that we have no assistants at all in the industrial field, so we can use whatever means we can to restrict them."
Shen Bi smiled and said, "You also know today's Tianyu Bank press conference. I don't know if Li Guangyu and his consortium were able to predict the future and prepare for the response in advance. Now they seem to know that the government is about to introduce an exchange rate policy. Suddenly, the Having made such a big investment, I hope that the two of us will join forces to allow the government to delay the introduction of policies and allow the Lee Group to have a break in foreign exchange, which will be a huge blow to them."
George Lavin did not expect that Shen Bi would think of such a method, sacrificing the interests of the entire Xiangjiang to attack the Li Group. This approach was really crazy.
He admitted that if the government really agreed to their request, the Lee Group's foreign exchange operations would probably be broken. When a run occurs, the Lee Group would face huge losses.
You know, once there is a problem here in Xiangjiang, Tianyu Bank will also suffer a run in other places. At that time, Tianyu Bank will be in big trouble.
It’s just that George Lavin doesn’t think the Xiangjiang government will adopt their opinions. Now everyone from all walks of life hopes that the government can stabilize the current financial situation in Xiangjiang as soon as possible. Now they are waiting for Governor Youde’s signature and approval, and the fixed exchange rate will be officially implemented. At this time, they are demanding If we discuss it further, the government will not agree.
Moreover, the Li Group and the Heung Kong Group have considerable influence on the Hong Kong government. Once this matter is exposed, HSBC and Standard Chartered will be scorned by all walks of life in Hong Kong, and the reputations of their two major banks in Hong Kong will be completely ruined.
George Lavin said, "Shen Bi, have you ever thought about the consequences of doing this? Once the matter is exposed, the two of us will become sinners in Hong Kong and will be spurned by all the citizens of Hong Kong. Our two major banks will no longer have a foothold in Hong Kong." This will not do us any good."
Shen Bi, of course, I am aware of the risks involved, but Shen Bi is not willing to give up this opportunity. He knows very well that after this opportunity is lost, it will be difficult to have another chance to attack the development of Tianyu Bank in the future.
As the Li Group and the Xiangjiang Group continue to grow, it will be difficult for HSBC led by him to occupy a dominant position in Xiangjiang.
Shen Bi said, "Are you willing to watch Standard Chartered become a second-rate bank in Hong Kong in the future? This is our only chance. This time we will try to knock Tianyu Bank into the abyss so that they can never get up again and they can't No more threats to our two major banks."
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