Chapter 722: 722

As Gao Xian speculated, Huifeng did not want to take care of the volatile mess of overseas trust banks. To avoid the inevitable Hong Kong government, it had to take over the problem banks again.

This is also "convenient". The Hong Kong government has accumulated experience in the process of taking over Hang Lung Bank. A series of procedures, including the third reading of the overseas trust bank takeover Ordinance and the reconstruction of the leadership of the overseas trust bank, have come down like clouds and water, skilled and ironic.

Since the Hong Kong government has decided to take over the overseas trust banks and handle them easily, why should this special meeting be held urgently?

After all, the overseas trust bank is the fifth largest local bank in Xiangjiang, and the shock caused by it is no small matter. The Hong Kong government quickly took over the overseas trust bank and just tried its best to avoid the domino effect at once. However, the Xiangjiang banking industry crisis characterized by squeezing the tide may not be able to be suppressed, which requires concerted efforts.

The financial secretary, Peng Lizhi, gave the answer. "In a short period of time, the problem of overseas trust banks cannot be fully investigated. The commercial crime bureau has tried its best. Working day and night, it has only sorted out the check round of the Dominican finance company in yezhuangling. The amount of bad debts is as high as US $66.8 million."

"As for further investigation, it is also necessary to extradite key persons involved, such as Zhang Chengzhong and Huang changzan, from overseas."

It's too troublesome to deal with this kind of thing. It's not easy to catch people back overnight. Moreover, this is the work of the Hong Kong government. Everyone has little interest in it.

However, in Gao Xian's view, the shock of overseas trust banks is not only an inducement to the crisis, but also a driving force. It is still necessary to emphasize, so he said: "Thanks to the government's decisive action and the current exchange rate and foreign exchange market situation, if the bad debts caused by the check round of Dominica finance company to overseas trust banks continue to be covered up, the hole will only grow rapidly, far more than $66.8 million."

The financial secretary, Mr Patrick Pang, nodded, "When Zhengfu took over Hang Lung Bank before, the first capital injected into Hang Lung Bank through the exchange fund was HK $300 million, which was enough to maintain the continuous operation of Hang Lung Bank. However, the problem of overseas trust banks was too serious, and only a part of it was investigated clearly. Only when the injected capital reached at least HK $1 billion could it bring back the dead."

With these words, Gao Xian believes that if the mess of overseas trust banks continues for a year or two, the situation will only worsen. At that time, the Hong Kong government will inject HK $2 billion.

Just listen to the financial secretary Peng Lizhi continue to say: "therefore, the government is under great pressure, but at present, many banks are still facing the huge risk of overcrowding, which needs the support of those powerful and well operated banks."

"Otherwise, once the banking crisis breaks out in an all-round way, the loss will be hundreds of billions. Not only the government can't bear it, but also the banking industry will suffer the disaster."

When he said these words, the financial secretary Peng Lizhi turned his eyes to Shen Bi, the senior class of Huifeng bank. The implication was very obvious. Huifeng contracted twice, almost. It was time to show the responsibility of Xiangjiang quasi central bank.

At this moment, Shen Bi really can't cheat and play tricks anymore, but he still dragged Standard Chartered Bank and favorable bank deeply by the city government and said, "financial secretary, please rest assured that if a bank can't cope with the squeeze, Huifeng will provide support together with Standard Chartered and favorable bank."

It can be seen that the financial secretary Peng Lizhi is still a little dissatisfied, but he has no way to take Huifeng as the overlord of Xiangjiang banking industry, so his eyes turned and his eyes fell on Gao Xian, "Sir Gao, Yili bank will take over the chairman of Xiangjiang Banking Association soon. Please also invite Sir Gao and Yili bank to unite the banking industry and tide over the crisis."

Gao Xian sneered at himself. In the negotiations with China, the British had the idea of taking the Xiangjiang economy as a chip. However, in the face of the downturn of the stock market, the collapse of the real estate industry and the coming banking crisis, they should also be flustered. If they can't handle it well, let alone long-term interests, they will spit blood at a loss now.

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It doesn't matter how the British are, but Xiangjiang is ultimately a Chinese society and the headquarters of Gaoxian. For the sake of long-term interests, Gaoxian has always had the courage to take responsibility.

"What the financial secretary said is that favorable banks must do their best to share the worries of the government." here, Gao Xian began to complain, "Before the crisis of Hang Lung Bank, thanks to the attention of Sir Shen Bi and Huifeng, Yili bank was honored as the chairman of Xiangjiang Banking Association. In the eyes of many people, this is a matter of great envy; who ever thought that in a short time, the situation changed suddenly and Xiangjiang banking industry was in turmoil."

"Under such circumstances, I'm very frightened. I'm afraid it's difficult to be a big responsibility. Otherwise, Huifeng will take over the rotation of the chairman of Xiangjiang banking association according to the original rules. I believe that under the leadership of Huifeng, we can deal with the crisis more effectively."

Seeing Gao Xian's words suddenly take a big turn, financial secretary Peng Lizhi can't help but be stunned. Why do you have to say that you must do your best to share the worries of the government?

When he looked at Shen Bi with Gao Xian's eyes, financial secretary Peng Lizhi suddenly realized that Gao Xian was testing the attitude of all parties again before taking office.

Some time ago, Gao Xian played an outpost to help banks take over the post of chairman of Xiangjiang Banking Association, advocating further standardizing the operation of the banking industry and increasing a series of new audit indicators such as capital adequacy ratio and loan deposit ratio. The response was not positive.

Without much thought, Gao Xian was certainly not satisfied with this, so he took advantage of this occasion to discuss a clear statement, even Shangfang sword.

Thinking of this, the financial secretary Peng Lizhi rushed in front of Shen Bi and said, "Sir Gao doesn't need to worry. The Zhengfu side will certainly support the work of favorable banks."

Shen Bi, who was robbed of his first favor, glanced angrily at financial secretary Peng Lizhi.

Previously, Shen Bi proposed that Yili bank take over as chairman of Xiangjiang Banking Association in order to reduce the pressure on Huifeng caused by Jianing commercial fraud.

Now, the Jianing commercial fraud case has pulled out the turnip and brought out the mud, which has been implicated in the crisis of Hang Lung Bank and the shock of overseas trust bank.

Moreover, the looming mess of Xiangjiang banking industry crisis really annoys Shen Bi. He is eager to stand at the front desk and work.

"Huifeng doesn't change his original intention and will support Sir Gao together with Zhengfu." Shen Bi said firmly, valuing Gao Xian's personal speech skills.

Standard Chartered, headquartered in London, is far less complex than Huifeng. Moreover, the chairman of the Xiangjiang Banking Association has to rotate every year. This term in 1982 has done enough. The upcoming 1983 term is even more suitable. It is more appropriate to think that it will make the head bigger and let Gao Xian suffer. Naturally, it will be supported with both hands and feet.

If the Hong Kong government, Huifeng and Standard Chartered have made a clear statement, the overall situation has been set. Even if other banks are worried that the implementation of new audit indicators such as capital adequacy ratio will be detrimental to themselves, they can only recognize it by holding their nose.

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