Through the wealth life

Chapter 607 Confrontation at the venue
In the ensuing discussion meeting, some small and medium-sized financial institutions also began to put forward some of their own views. They mainly hope that the government can introduce some policies to stabilize the economic development of Hong Kong and maintain the current situation in Hong Kong.

They hope that Xiangjiang can maintain the price of the property market in Xiangjiang and avoid the chain reaction brought about by the collapse of the property market.

As long as the property market prices remain stable, they will not worry about thunderstorms in their banks and companies. Later, they will control loans to real estate and recover previous bank loans so that they can keep their companies and banks operating normally.

It's a pity that these people made a wrong calculation. The Xiangjiang government will not jump out to support the market for them. The current high housing prices in Xiangjiang have already had a serious impact on the economy of Xiangjiang. After this water squeeze, the cost of living of the citizens can drop a lot , to promote the development of other industries in Hong Kong.

And because of the news a few days ago, the Xiangjiang government is unable to support the market. They can't control private sales. Now that a large number of second-hand houses are being sold at a reduced price, the government has no right to demand how much they sell.

Besides, it is the Xiangjiang Huazi family that has lost the most here. Yinglun will not let Xiangjiang use its finances to pay for these people. Their domestic economy is currently in difficulty. 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 in these years, Xiangjiang has occupied an increasingly important share in finance. We hope to improve some Some of the status of Hong Kong’s financial market, especially in terms of the right to issue banknotes in Hong Kong dollars, I think only two British banks, HSBC and Standard Chartered, are detrimental to the development of Hong Kong. In this regard, I suggest increasing the participation of our Chinese-funded banks to to a balanced effect."

McBurney DeShawn learned last night that Huazi Bank would attack him on the issue of the right to issue banknotes in Hong Kong dollars at this meeting today, 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, but they will not let Chinese-funded families enter the Hong Kong dollar banknote right now. This is a trump card for them to control Xiangjiang Finance. Their influence on Xiangjiang will not diminish.

McBurney Deshaun said: "Mr. Chen, our meeting is mainly for the current situation in Hong Kong. As for the right to issue banknotes in Hong Kong is not within the scope of this meeting, I have no right to make a statement on this. .So please put forward your suggestions and opinions related to this meeting, as for other matters, we will discuss them later.”

Feng Jingxi and the others had known for a long time that Deshawn would take such a response and deliberately avoided discussing this issue, so they would not just let it go.

Li Guobao said: "Mr. Deshawn, the topic of our discussion this time is to maintain Hong Kong's future financial stability, and the right to issue banknotes in Hong Kong dollars is the most important core. Hong Kong is currently in the financial industry, and our Huazi Financial Group is the mainstream. Institutions, the issuance of Hong Kong dollars involves the interests of 500 million people in Hong Kong. This right should not be exclusively enjoyed by HSBC and Standard Chartered. Only by introducing one or two Chinese-funded banks can a balance be formed and the financial market in Hong Kong more stable."

Shen Bi saw that the allies of the Li family consortium were preparing to force the palace, and that they would not give up until they took over the right to issue banknotes in Hong Kong dollars. Moreover, it seemed that Tianyu Bank and one family were not enough. So join forces with them to fight.

Shen Bi said: "Mr. Li, our HSBC is registered in Xiangjiang. For hundreds of years, HSBC has been serving the citizens of Xiangjiang and making our own contribution to the financial stability of Hong Kong. The right to issue banknotes in Hong Kong dollars is currently The two are just right, if such banks and institutions increase, 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: "Xiangjiang is a city of 500 million Xiangjiang citizens. The right to issue banknotes in Hong Kong cannot be monopolized by you HSBC and Standard Chartered Bank. This is very detrimental to the future development of Hong Kong. If Mr. Shen Bi thinks that two are enough, I suggest To revoke the rights of Standard Chartered to issue banknotes, but the headquarters of Standard Chartered is in London, we doubt whether they will really consider the interests of Hong Kong."

George Lavin stopped doing it immediately after hearing Feng Jingxi's words. His bank would never give up the right to issue Hong Kong dollar banknotes. What made him even annoyed was that Feng Jingxi started a regional attack. Standard Chartered Bank is headquartered in London , but their biggest market is in Asia, in Xiangjiang.

And he is very clear that Feng Jingxi's remarks can resonate with all walks of life in Xiangjiang. You are not even registered in Xiangjiang. How can you contribute wholeheartedly to the development of Xiangjiang? This will become the biggest excuse for their Standard Chartered Bank on this issue. .

George Lavin immediately retorted: "Mr. Feng, what you said is biased. Over the past few decades, we Standard Chartered and HSBC have held the right to issue banknotes in Hong Kong dollars and have been making our own contribution to Hong Kong's financial stability and development. , The Hong Kong dollar has maintained a relatively stable trend over the years, which has provided strong support for the rapid development of our Hong Kong economy. Although our headquarters is in London, it does not hinder our bank’s support for Hong Kong.”

Luo Qianwen herself also hopes that Tianyu Bank can win the right to issue banknotes in Hong Kong dollars. At this time, all her allies have spoken, so she will naturally not wait.

She said: "The right to issue banknotes in Hong Kong has a great impact on Hong Kong. I think it is extremely unreasonable for British banks to control them. It will also make our Chinese banks and foreign banks feel insecure. I suggest that it should be owned by three banks. The right to issue banknotes is more balanced. As a bank not registered in Hong Kong, Standard Chartered Bank should take responsibility for the more than 500 million citizens of Hong Kong, cancel their right and let Hong Kong local banks replace their rights."

Li Guangyu looked at the dispute between the two parties. He knew that this matter might not be possible. Regardless of the turmoil at the meeting, Governor Yoder and the British government would not pay attention to it.

If even the right to issue banknotes in Hong Kong dollars is given up, how can England control Xiangjiang? For their benefit, the British government will not allow other capital to have the right to issue banknotes in Hong Kong dollars, even if the Lee Consortium has a good relationship with the Conservative Party.

Sure enough, McBurney Deshaun stopped the quarrel between the two parties by speaking, and only heard him say: "The issue of the right to issue banknotes in Hong Kong is too extensive and too big. It cannot be decided in a short time. As for your I will report some views and opinions to the governor, and the governor will make a decision. Everyone is a part of Xiangjiang’s financial community and has made great contributions to Xiangjiang’s economy. Everyone should work together to contribute to the development of Xiangjiang’s economy. More contributions."

What McBurney Deshawn was most worried about was that Li Guangyu was instigating this matter. If the media under the Li consortium launched an attack on Standard Chartered Bank over this matter, Standard Chartered Bank would be in big trouble.

The fact that the headquarters of Standard Chartered Bank is not in Hong Kong is their biggest weakness. The Hong Kong dollar is related to the vital interests of the citizens of Hong Kong. How could they be willing to believe that a bank that is not even registered in Hong Kong will protect their interests.

(End of this chapter)