Chapter 725: 725

In the midst of the turmoil of Ka Wah Bank's run-off and recovery, Lee Bank finally officially took over as chairman of the Xiangjiang Banking Association in 1983.

The outside world has been paying attention to this matter for a long time, because it reflects that the bank led by Gao Xian has been unprecedentedly recognized in terms of strength and status, which may mean that the pattern of Xiangjiang banking industry will undergo subtle and profound changes.

As for the deeper analysis, it is too complicated to say.

For example, since the late 1960s, American multinational banks have always hoped to build Xiangjiang into an Asian dollar market as an extension of the European dollar market in Asia. However, at that time, in order to protect their own interests, the British people have always been strictly guarded, such as refusing to abolish the interest tax on foreign currency deposits. Finally, Singapore, which has been independent for a few years, accepted and seized this opportunity, And then become the center of the European dollar in Asia at this stage.

But the desire for capital is endless. In some ways, Xiangjiang is more in line with the idea of international capital that the less constraints, the better. At present, because of the 1997 issue, the British are not as strict about their interests in Xiangjiang as they used to be. Anyway, they have to return Xiangjiang. Why not divide it and give it away.

Now, vanguard bank has officially taken over as the chairman of Xiangjiang Banking Association. In the eyes of international capital, it is that the British have opened up in their own territory.

Therefore, those who want to participate in this activity are very enthusiastic, so that the reception work is a great test of their strength.

Gao Xian put the reception in Wenhua Hotel, which has a deep relationship with Xiangjiang land, rather than Xiangjiang Hilton Hotel, which was previously favored by Youjia happy group, because he wanted to "complete" Xiangjiang land.

In a word, Xiangjiang land has always been in the limelight since the bidding for xindiwang in central. For example, in London, because Chelsea club is unwilling to follow the advice of the media, spend a lot of money to introduce big players, and establish a black list of football hooligans at Stamford Bridge, it has been repeatedly ridiculed.

Xiangjiang land has also been teased by all kinds of people for setting up a company called Wanguo land in London to control a series of rights and interests including Stamford Bridge Stadium and Chelsea club. From Xiangjiang land to Wanguo land, the name is full of joy.

In short, whether serious or joking, Xiangjiang land has become very famous in the UK. It is an opportunity to host the reception for the bank to take over the chairman of Xiangjiang Banking Association. Peter Wei, chairman of the board of directors of Xiangjiang land, led many senior executives.

In fact, this is not unexpected. This event invited many people from the business community. In addition to Xiangjiang land and happy group, there are Jardine, Swire, huidefeng, Hutchison, Dajiang industry, Sun Hung Kai Real Estate and so on.

In addition, people from seemingly unrelated fields such as politics, diplomacy and the media also attended the event with their own purposes.

Of course, the banking sector is the protagonist. All the more than 100 licensed banks in Xiangjiang must be present.

When the reception started on time, Chen Zuze, the general manager of the bank, who had been busy running around, first paved the way, and then invited Gao Xian, chairman of the board of directors of the bank, to speak.

Sir Gao, sitting with Shen Bi of Huifeng class and Peng Lizhi, the financial secretary of the Hong Kong government, calmly stood up, took the speech delivered by the assistant and walked to the podium.

The whole banquet hall was silent at once, because everyone present was eager to know what Sir Gao was going to do in the year when he served as the chairman of Xiangjiang Banking Association.

Gao Xian first made some necessary remarks, such as thanking Sir Shen Bi and Huifeng for giving the chairman of Xiangjiang Banking Association, which should have been Huifeng's turn, to favorable banks and the support of the financial secretary of the government, and then turned to the dry goods content that we are most concerned about without dragging mud and water.

"To tell you the truth, in a time when Hang Lung Bank Crisis, overseas trust bank shock and Ka Wah Bank were squeezed one after another, the bank took over the chairmanship of Xiangjiang Banking Association, which made me and my colleagues feel the oppression of being ordered to be in danger."

"There is no doubt that the primary task before the new Xiangjiang Banking Association Committee is to calm the tide of crowding that is likely to spread."

"Please forgive my frankness. In my opinion, the nearly 30 Chinese banks licensed in Xiangjiang are the most vulnerable to being squeezed. Therefore, I ask these banks to tighten their nerves and avoid the tragic situation of painstakingly operating for many years but destroying their efforts in the banking crisis of the 1960s."

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People didn't expect that Sir Gao, who came to the stage with his manuscript, spoke so straight that he couldn't help looking different on his face. In particular, the executives of the banks founded by Southeast Asian overseas Chinese in Xiangjiang Chinese funded banks were a little nervous.

"In view of the current problems in Xiangjiang's banking industry, I think the banking regulations with the main goal of introducing the three-tier financial system need to be further revised to introduce a new industry standard system including capital adequacy ratio and loan deposit ratio."

Speaking of this, Gao Xian took his own bank as an example, "as an example, let me introduce the situation of favorable bank and Gaoyi bank."

"At present, the capital adequacy ratio of favorable banks is 15.2% and the loan deposit ratio is 0.68; the capital adequacy ratio of Gaoyi bank is 25.2% and the loan deposit ratio is 0.46."

After listening to Gao Xian's family background, people in the banking circle were very surprised. Because Huifeng's favorable bank to Gaoxian and Gaoyi bank built by Gaoxian are not listed companies, and many situations are unknown to the outside world. Only we know that both favorable bank and Gaoyi bank are very powerful.

Even Shen Bi subconsciously raised his eyebrows. If he thought deeply, he knew the situation conducive to the bank, but he couldn't understand the real strength of Gaoyi bank.

Shen Bi's first reaction was that Gao Xian was so young that he was extremely proud. He didn't expect to be so stable in the operation of Gaoyi bank, which can even be described as conservative.

Other people's surprise is similar. The rapid expansion of happy group in recent years has exposed the outside world to Gao Xian's bold and decisive efforts. In sharp contrast, Gaoyi bank is also too stable.

But then again, no wonder Gao's consortium is always as stable as Mount Tai. Gaoyi bank, the core part of others, is old and prudent.

After giving his own example, Gao Xian turned to Shen Bi, "Sir Shen Bi, what is the current capital adequacy ratio of Huifeng bank?"

"Huifeng bank's capital adequacy ratio is close to 15 percent." Shen Bi blurted out his answer, reflecting that he had had exchanges and consensus with Gao Xian in this regard before, and many people were analyzing it in their hearts.

Gao Xian nodded slightly, took back his eyes, and continued: "according to Gao Yi's research and summing up the experience of the world banking industry, the safety line of a bank is that the capital adequacy ratio reaches 8% and the core capital adequacy ratio reaches 4%, which can also achieve little results."

"I believe that as long as Xiangjiang banking introduces such norms, the recent banking turmoil can be avoided to a great extent."

"In addition, the Committee of the banking association will also communicate more with the financial secretary on the liberalization of the banking industry, represented by the implementation of the complete abolition of the interest tax on foreign currency deposits, and how to solve the monetary policy of the continued weakness of the Hong Kong dollar."

Seeing Sir Gao put away his speech, people thought that Gao Xian's speech was over. That's all the work of the Xiangjiang Banking Association in 1983 led by the bank. I didn't expect Sir Gao to continue: "I think among the many factors that have led to the precarious situation of Xiangjiang banking industry, there is another one that can not be ignored, that is, many of the bank's customers have suffered operating losses."

"Just imagine, if these companies go bankrupt and liquidate, there will be more bad debts in the banks, and then the operation will be tight."

"Therefore, I suggest that while trying to solve their own problems, banks should also take the initiative as much as possible and communicate deeply with customers to help them get out of trouble. Wouldn't it be the best of both worlds!"

Amid the warm applause, Niu Bijian, the Jardine team in the crowd, was sweating cold on his back because Jardine's financial statements for the fourth quarter of 1982 used all its skills, but still suffered an embarrassing loss.

In this case, according to Gao Xian, the bank will put its hand into Jardine.

Niu Bijian seems to see that Yihe has become the Heji held by Huifeng. It's strange that he's not nervous!

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