Governor Yoder also doesn't want to waste time on the incident of HSBC's financing of the enemy. If it doesn't happen, he can stop it. Now that things are a foregone conclusion, we can only try to make up for it as much as possible, instead of thinking about how to suppress HSBC. This was not his original intention, nor the result he wanted.
Now hearing Shen Bi say this, it feels very reasonable. It seems that Shen Bi is not useless, and can still come up with ideas at critical moments. He also didn't think that all of this was caused by HSBC. Without the support of HSBC's 100 billion Hong Kong dollars, Morgan Bank would have retreated.
Youde tidied up his clothes and said, "I'm really not thinking about accountability, but about how to solve the current predicament. The Hong Kong dollar is depreciating all the time, and everyone who has money and strength is needed to raise the exchange rate of the Hong Kong dollar. At the current rate, it will not take long before the Hong Kong dollar becomes waste paper, which is a disaster for ordinary people in Hong Kong."
"Bao Sheng is the richest man in Hong Kong, and Heiyun Bank has recently absorbed a lot of foreign exchange deposits. I hope you can put down your prejudice and fight against powerful enemies with HSBC."
When Bao Zixuan heard that he was being named, he said with a smile, "I have some funds to support one, but I can't guarantee whether HSBC will still make a bad hand. The opponent is not terrible, it is the ally who stabbed in the back. Heiyun refused to take action when HSBC could not guarantee that it would not be stabbed in the back, and did not dare to take action."
Hearing him talking about himself again, Shen Bi wanted to get angry. But I also know that now is not the time. When HSBC calms down, it will make Bao Zixuan look good, and it will definitely suppress the arrogance of Heiyun Bank.
When Bao Zixuan said this, the other bank heads also joined in, because these were the ones who didn't want to pay. If you can hide who wants to come forward, Bao Zixuan's goal is too big and there is no way.
When Youde hears that there are funds, it will be easy to handle. It is really necessary to control HSBC, otherwise, as Bao Zixuan said, he will play a trick behind the scenes, and the Hong Kong economy will really be helpless.
Youde: "How Bao Sheng wants to control HSBC, as long as his opinions are reasonable, the Hong Kong government will definitely support it."
Bao Zixuan: "HSBC can now declare a holiday, and during the inspection period of the Independent Commission Against Corruption, it is not allowed to conduct any business. Only in this way can we have no worries. At the same time, all foreign exchange in the HSBC vault will be submitted to the Hong Kong government for control, of course, this behavior short term.”
"To put it bluntly, I just don't believe in HSBC. Without HSBC joining the Hong Kong dollar, it will be stronger."
Hearing this, Shen Bi finally couldn't sit still, stood up and said, "Bao Zixuan, don't you think this is too much! The failure of HSBC to handle business will have a serious impact on the bank's reputation, and it will make depositors lose their trust."
Everyone present did not expect Bao Zixuan to be so ruthless. Without HSBC's participation, the exchange rate of the Hong Kong dollar could really be stabilized, and everyone was at a loss.
Youde: "Now the economic environment of Hong Kong has made investors scoff at it. If the closure of HSBC is even worse for the currently fragile Hong Kong economy, should you consider it carefully?"
Bao Zixuan: "I said that this is a short-term behavior, and it won't be too long. After all, HSBC is doing something to provide funds to opponents. What should we do? Don't tell me guarantees, because we people have to spend real money. Fighting against international hot money in the market. Once HSBC makes a mistake this time, or someone below makes a mistake, our losses will be tens of billions of Hong Kong dollars or more.”
"If Your Excellency the Governor can guarantee HSBC, I will choose to believe it. But I will not do my best to maintain the stability of the exchange rate of the Hong Kong dollar, that is, I can only do half of my efforts, otherwise HSBC will not even have a chance to turn over. "
"Please, Your Excellency, consider clearly, how can the people of Hong Kong trust you after HSBC has a problem after the guarantee. These are not my alarmist words, but the facts that may happen."
Shen Bi: "I can assure you that HSBC will never have similar problems again. If it happens, I will take the blame and resign."
Bauhaus-Sanderson didn't want to lie in this muddy water. Who would dare to believe Shen Bi's assurance. So he said: "What Bao Sheng said is very reasonable. I don't believe in the credibility of HSBC. After all, if there is one thing, there may be two or three. However, you can convert HSBC's foreign exchange into Hong Kong dollars and deposit it in the bank. , which can also ease the trend and speed of the Hong Kong dollar’s decline.”
Almost all banks have the same idea, the richest man Bao dare not bring HSBC. That means that there must be countermeasures, after all, the big one is still to be released by Heiyun Bank.
Shen Bi: "I have no way to agree to this, it has to be reported to the board of directors."
Bao Zixuan: "I'm sorry that I can only be here today. Your Excellency the Governor and HSBC are not optimistic about what a businessman in Hong Kong Economy can do."
Youde: "If you follow what you said, can you guarantee that the Hong Kong dollar credit system will not collapse!"
Bao Zixuan: "I will use all of my foreign exchange reserves to fight against the international hot money led by Morgan Bank. If I fail, I will succeed. That is to say, if the black cloud fails this time, it will lose at least 20 billion US dollars."
Hearing this, Youde seemed to have made a big decision, so he said: "HSBC must convert all the foreign exchange it holds into Hong Kong dollars, and then suspend business for rectification. The specific time of opening will be announced by the Hong Kong government. Banks can monitor the matter."
Of course, Shen Bi could not agree with such a decision, so he said firmly: "The Hong Kong government has no right to do this. Any business behavior of HSBC is its own internal affairs; other institutions have no right to dictate the operation of HSBC."
Shen Bi's meaning is very clear, that is to tell you that no one can control HSBC, not even the Hong Kong government. This made Youde very angry and said indifferently: "Shen Daban, you may have forgotten. Of course, I, the governor of other banks, can't do anything about it, but as the quasi-central bank of Hong Kong, I need to cooperate with some of the Hong Kong government's governing policies and financial actions."
"I advise you not to make senseless resistance. The Hong Kong dollar has fallen so sharply, and you are also responsible for Shen Bi. As for HSBC's foreign exchange, I will let other banks in Hong Kong exchange it, provided that the Hong Kong dollar crisis is over. After that, everyone has no opinion!"
Bao Zixuan said: "I agree with the resolution of His Excellency the Governor. At that time, Heiyun Bank will definitely give HSBC any foreign exchange they need, as long as it is the foreign exchange in our bank. Maybe HSBC will be able to make more money after this crisis is over. A lot of money! I am very confident in the Hong Kong dollar, especially now that it will appreciate if no one is holding back.”
Bauhaus-Sanderson said with a smile: "I also fully agree with His Excellency the Governor's statement. Standard Chartered Bank is willing to fully assist HSBC in any foreign exchange needs after the crisis is over."
"Shen Daban will take a break this time, and give our juniors a chance to practice."
Bauhaus-Sanderson saw that Bao Zixuan was so confident, and also expressed optimism about the Hong Kong dollar crisis. The richest man Bao has never done anything wrong, and he still gets 5% more minting rights today, which is a big improvement. At least being able to be on an equal footing with HSBC in terms of coinage, this is a dream that the Sanderson family has not fulfilled for generations is now realized in his hands, making his status in the family more than one step higher.
Shen Bi saw that Mu Jicheng was gone, and knew that Governor Youde's mind had been decided. Only at this time did Bao Zixuan know whether HSBC borrowed funds from Morgan Bank for a long time. It was found that he did not stop but let the deal come to an end. Could it be that this kid really has any backing or reinforcement. This young man is getting more and more terrifying, and it seems that he will be more energetic in the future.
Governor Youde immediately arranged for personnel to conduct an inventory of HSBC, which can be said to be very fast. What's even faster is that Pu Weishi and Mo Keyuan are already drinking tea at the ICAC at this time, and Youde is also worried that Pu Weishi is colluding with Shen Bu. It wouldn't be too good to be overly partial to Shen Bi in front of so many people, who didn't have a temper.
Now Shen Bi has changed some thoughts in his mind, whether it is worth it to spend such a big price to acquire Bank of America. At this time, it is not as optimistic as before. This time, HSBC has lost too much, and the board of directors can pass this hurdle.
Now we can only hope that the US market will not let ourselves down. HSBC's globalization is imperative. The return of Xiangjiang is an inescapable topic. He always believes that the pain is temporary, and these pains will not exist after HSBC has digested the Ocean Milan Bank. It can be said that Shen Bi is also a very stubborn person, and he can't say whether he is right or wrong in handling this matter.