The human heart is a very wonderful existence. The current trend of squeezing is one of the functions of the human heart.
When Chen Zuze led a team to the headquarters of Youlian bank to hold a press conference and publicly announced that he had taken over Youlian bank, the staff of Youlian bank who had the backbone immediately got rid of the panic state of being at a loss, and the working order quickly recovered; Depositors trapped in the business departments of 12 branches saw that Youlian bank's spirit was different, and their mood was no longer urgent, as if the end of the world had come.
The situation of Youlian bank has stabilized with the progress visible to the naked eye, and will not have a terrible domino effect on the whole Xiangjiang banking industry.
Of course, it is undeniable that after this rush, Youlian bank has hurt its vitality. More than 70% of its deposits have been lost.
From a higher perspective, it is impossible for depositors to withdraw their deposits from Youlian bank all the time. They still have to find a bank to deposit them, so as to benefit banks and Gaoyi bank and recover some funds more or less.
Peng Lizhi, the financial secretary of the Hong Kong government, is very satisfied that the crisis of Youlian bank has also been lifted. The Hong Kong government has assumed the insolvency gap of Youlian bank, which is worth the money. While stabilizing Xiangjiang finance, it has reduced the pain of taking over Hang Lung Bank and overseas trust bank as a mother-in-law.
In this case, when Chen Zuze summarized the crisis response experience of Xiangjiang banking industry, which is characterized by the trend of crowding out, he was full of confidence, and the participants also agreed.
"The reason why the banking crisis has been controlled within a certain range and has not spread is due to the close cooperation between the financial secretary and the banking association."
"In particular, the rapid lifting of the crisis of Youlian bank can best reflect this effectiveness. The government is responsible for the insolvency gap of problem banks, and the banking association is responsible for restructuring problem banks, injecting capital into problem banks, ensuring that problem banks survive the crisis, and then Xiangjiang finance has maintained stability."
Everyone nodded again and again, and even Yi Weiguo, general manager of Hengsheng bank, praised his family with praise. "Sir Gao's insight is that this model for solving problem banks in the current banking crisis is highly operable. If there are more problem banks, it can be called a rule to follow."
Gao Xian quickly said modestly, "it's not true insight. This is the experience gradually explored in the process of dealing with problem banks one by one."
Other bank representatives from the Committee of Xiangjiang Banking Association also praised the "high string model".
In fact, the reason why the members of the Committee of Xiangjiang banking association are so unanimous is that under the high sounding, real benefits have been found.
For example, when the global epidemic broke out, the world economy was damaged and the crisis loomed. Is this a crisis for the poor or a crisis for the rich?
The current Xiangjiang banking crisis is a process in which the weak are eaten, and the eating appearance will not be ugly. It is easy for the bank to win the control of Youlian bank.
Of course, the problem banks that are eaten cannot be too bad. Banks that open their mouths and swallow need to have sufficient strength. In this matching, they still need the ability to capture opportunities.
Noting the enthusiasm of the representatives of the banks on the Committee of the Hong Kong Banking Association, he was eager to see another unlucky person squeezed out. The financial secretary, Peng Lizhi, who had been in a difficult mood to relax, frowned imperceptibly, because the reason was clear that the Hong Kong government should be responsible for the risk of insolvency of problem banks.
After glancing at Gao Xian with a smile on his face, financial secretary Peng Lizhi suddenly felt from his heart that it was really necessary for Xiangjiang banking industry to establish a set of new audit standards, including capital adequacy ratio and deposit loan ratio, as proposed by Sir Gao. However, I am afraid that this proposal will be commonly known as "high string scheme" or "high string standard".
Financial Secretary Peng Lizhi coughed softly and quietly changed the subject and said, "Sir Gao, this Xiangjiang banking crisis should be over soon?"
Gao Xian replied, "I think the negative energy has been released almost from the perspective of bank operation alone. The general trend of the end of the Xiangjiang banking crisis should be formed."
"That's good, that's good." Financial Secretary Peng Lizhi obviously breathed a sigh of relief.
In fact, although Gao Xian took the initiative to lay out the layout, taking Jianing, Hang Lung Bank and overseas trust bank as the starting points to squeeze the furuncle for Xiangjiang business and Xiangjiang banking, and try to avoid these shocks, which are superimposed with the Hong Kong dollar crisis that can not be avoided this year, he also feels a little tired now.
The heat should be almost the same. It's acceptable to stabilize first.
From this point of view, Gao Xian's mood is similar to that of Financial Secretary Chris Pang.
Next, the situation of Xiangjiang banking industry has indeed gradually stabilized.
When everyone began to feel that they could finally breathe a sigh of relief near the Spring Festival, there was another accident and a scandal broke out in Yong'an bank.
In terms of scale, Yong'an bank is also a small bank among Xiangjiang Chinese funded banks, but it is much older than Youlian bank, which was founded in the 1960s. It was founded by the Guo brothers who founded the famous Yong'an department store.
For more than half a century from 1931 to now, Xiangjiang banking industry crisis can be found everywhere, and Yong'an bank, with its conservative style, stands firm and continues to this day.
Unexpectedly, when Yongan bank reached the third generation of the Guo family, something happened. Guo zhikuang, the general manager of Yongan bank, misappropriated $10 million from Yongan bank for his own use. As a result, the first few funds could not be recovered. This situation is somewhat similar to Hang Lung Bank and overseas trust bank.
When Gao Xian got the news, his first reaction was that it was no wonder that it was difficult to promote his new audit standards. He simply calculated casually and burst into thunder.
Peng Lizhi, the financial secretary of the Hong Kong government, was so angry that he saw that the banking crisis in his office was finally coming to an end. Why did he leak again?
Seeing the financial secretary Peng Lizhi sitting there sulking, Gao Xian was not in a hurry to speak, because although he was not afraid of poor management, he had to be careful about the "black hole" of wing on bank.
Seeing that the atmosphere of the meeting was a little dull, financial secretary Peng Lizhi had to harden his head and say, "everybody, talk about how to deal with it."
Chen Zuze said: "Yong'an bank has always been controlled by the Guo family. It has been safe for so many years. Now, although there is a scandal suddenly, I'm afraid it will take a lot of time to master the further details."
Financial Secretary Peng Lizhi glanced at Gao Xian and muttered in his heart that you were afraid of being trapped because you couldn't find out the details.
To everyone's surprise, Yi Weiguo suddenly volunteered: "if the financial secretary agrees, Hengsheng bank is willing to adopt the model of Youlian bank to deal with the crisis of wing on bank."