Chapter 1107
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Regarding the latest developments of Standard Chartered, Heungkong Media basically does not have the ability to obtain information from senior executives of Huifeng, such as Pu Weishi and Ge Lai, but the reports that are one step behind can be described as more enthusiastic. Yan, it is reminiscent of the land acquisition war and the Wharf acquisition war many years ago, which set off a new high-level rise of Hong Kong Chinese capital.
In fact, after Sir Gao got off the plane at Kai Tak Airport, the focus of public opinion in Hong Kong was centered on Sir Gao. Every move in Hong Kong's financial circle, what entertainment industry gossip, the grievances and grievances of wealthy families, etc., can most appeal to the general public. The material, which can be said to have all faded and lost its appeal.
Sir Gao answered the reporter's first question at the airport, how he felt about the banquet incident at the Ritz Hotel in London. Although it couldn't be simpler, as long as anyone who knows Chinese is broad, profound and profound, he can taste it. , the resentment, anger, murderousness...
It's like when Sir Gao answered the reporter's second question, he thanked Davis and Huo Liyi, who resigned and ran away, for their work achievements in the positions of chairman of the Hong Kong Securities Industry Review Committee and chairman of the Hong Kong Stock Exchange. Do you think that this Are you really grateful?
Therefore, the media are closely tracking the thunderous anger that Sir Gao’s calm and apparent appearance may set off, and the final reorganization plan of Standard Chartered Bank was released, which was interpreted as the end of one of revenge. , revealing a strangeness that can only be understood and cannot be expressed in words.
Why do you say weird?
One manifestation is that no one bothers to entangle. In the elaborate calculation of the failure of the banquet incident at the Ritz Hotel in London, whoever did not participate in it, it was too wrong to be settled by the autumn queen, and so on. Just a few comments, whoever wants Sir Gao to collapse the most, and whoever benefits the most is suspected of being the most logical relationship, obviously, don't challenge everyone's IQ.
It's just that very few people can figure out how Sir Gao plays his cards.
For example, this time, the Hong Kong media moved the news of the major restructuring plan of Standard Chartered Bank to the front page. The next day, Sir Gao published an article on "Establishing a Systemically Important Financial Institution Mechanism" and accepted the financial media. joint interview.
What is a Systemically Important Financial Institution?
Sir Gao's explanation for this concept is that those commercial banks, investment banks, insurance companies, and other financial institutions that are huge in the market, highly complex in business and widely associated with other financial institutions, when their own operations are in trouble. Even out of control, it will have a major impact on the stability of the entire financial system and economic activity.
Specifically how to define a systemically important financial institution, there is naturally a set of advanced comprehensive indicator system. It is not necessary for ordinary people to spend time to understand it, but there is the simplest perceptual way to quickly understand the concept of a systemically important financial institution, that is, Too big to fail! Too important to fail!
Sir Gao clearly pointed out that in the current commercial banking sector in Hong Kong, Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank are systemically important financial institutions for the Hong Kong financial system.
As for the driving force behind the establishment of a systemically important financial institution mechanism, Sir Gao also explained.
As we all know, since the 1960s, the banking industry in Hong Kong has experienced several life-and-death crises, and the impression given to the outside world is that only those small and medium-sized banks will have an accident. The incident of Standard Chartered Bank Mumbai branch secretly embezzling depositors' deposits into stock market speculation reflects that not necessarily!
How did Standard Chartered Bank react to being named by the President of the Hong Kong Monetary Authority, Sir Gao?
After the new chairman of the board of directors of Standard Chartered Bank Group, Sir Pao, had decided on the game at the headquarters in London, he returned to Hong Kong without a break, visited the Hong Kong Monetary Authority non-stop, and left with a relaxed face.
Surrounded by reporters, Sir Bao smiled and made the following speech.
Standard Chartered deeply apologizes for its previous mistakes and is carrying out a thorough rectification. It has reached an understanding and resolution plan with the supervisory authority where the Mumbai branch is located, and has also gained the trust of the Hong Kong Monetary Authority, the supervisory authority in Standard Chartered's most important market.
The Board of Directors of Standard Chartered is deeply honored to be included in the list of Hong Kong systemically important financial institutions, and at the same time, it is deeply responsible for it. Next, it will operate legally within the constraints of various regulatory agencies in the global market.
In short, Standard Chartered is completely convinced, and from now on, he will be an honest person and work in a down-to-earth manner.
And the Hong Kong Monetary Authority also confirmed the words of Sir Pao at a regular media communication meeting later, that the bad things of Standard Chartered Bank, in Sir Gao's case, are a turnaround.
The ghost guy from the Hong Kong government, how did he react when he saw that Standard Chartered was tidied up with a low eyebrow?
no response!
Strictly speaking, there are also actions, that is, the Legislative Council stated that it will revise the "Regulations on the Issuance of Legal Tender Banknotes" and agree that Standard Chartered Bank's right to issue banknotes will be transferred to Standard Chartered Hong Kong Bank.
that is it!
Following Standard Chartered Bank's proposal for the systemically important financial institution mechanism proposed by Sir Gao, after Natou Bianbai, Yili Bank and Youya Bank expressed their support.
The Bank of China's response is definitely mature and prudent, but it is not a problem. This inevitably involves the complex reactions of various circles to the systemically important financial institution mechanism proposed by Sir Gao.
First of all, from a relatively simple point of view, there is almost no criticism in the global central bank circle, and even many central bank officials can't help but praise Sir Gao for admiring him, creatively coming up with this mechanism, and then communicating with peers that have been established. Mechanism, come to learn advanced experience.
The capital circle, which has always been the most sensitive to market freedom, has the most complicated reaction and, in general, has doubts about the mechanism of systemically important financial institutions.
For example, will the institutions on the list be tied?
And the institutions that are not on the list will be in a disadvantageous competitive position because the institutions on the list receive support in exchange for further supervision;
There are even high-sounding discussions about whether it is reasonable to be too big to fail to confuse the public.
But there is one thing. When Sir Gao proposed the mechanism of systemically important financial institutions, he did not say how to define the mechanism of systemically important financial institutions. It is up to the Hong Kong Monetary Authority to decide. This standard can be handed over to a professional third party. Authoritative institutions have determined that it is like listing Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank as systemically important financial institutions in the field of Hong Kong Commercial Banking. What is wrong can be brought up? Well.
Say it, say it quickly...
But the mystery is here. Once the top hat of the systemically important financial institution mechanism is put on, it is not easy to take off!
If someone jumped out and said, among Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank, who is not worthy of becoming a systemically important financial institution, it is estimated that the parties involved will be anxious, what, you dare to question a certain family's Jianghu status?
Therefore, the doubts of the capital circle can't be twisted into a single rope to fight against each other.
In the midst of such turbulence, the old man has returned to the old man, and the Bank of China did not delay, but also quickly stated that it accepted Sir Gao's systemically important financial institution mechanism in Hong Kong.
So, the main event is here, what about the attitudes of Huifeng Bank and Hengsheng Bank?
Please report us if you find any errors so we can fix it asap!
Regarding the latest developments of Standard Chartered, Heungkong Media basically does not have the ability to obtain information from senior executives of Huifeng, such as Pu Weishi and Ge Lai, but the reports that are one step behind can be described as more enthusiastic. Yan, it is reminiscent of the land acquisition war and the Wharf acquisition war many years ago, which set off a new high-level rise of Hong Kong Chinese capital.
In fact, after Sir Gao got off the plane at Kai Tak Airport, the focus of public opinion in Hong Kong was centered on Sir Gao. Every move in Hong Kong's financial circle, what entertainment industry gossip, the grievances and grievances of wealthy families, etc., can most appeal to the general public. The material, which can be said to have all faded and lost its appeal.
Sir Gao answered the reporter's first question at the airport, how he felt about the banquet incident at the Ritz Hotel in London. Although it couldn't be simpler, as long as anyone who knows Chinese is broad, profound and profound, he can taste it. , the resentment, anger, murderousness...
It's like when Sir Gao answered the reporter's second question, he thanked Davis and Huo Liyi, who resigned and ran away, for their work achievements in the positions of chairman of the Hong Kong Securities Industry Review Committee and chairman of the Hong Kong Stock Exchange. Do you think that this Are you really grateful?
Therefore, the media are closely tracking the thunderous anger that Sir Gao’s calm and apparent appearance may set off, and the final reorganization plan of Standard Chartered Bank was released, which was interpreted as the end of one of revenge. , revealing a strangeness that can only be understood and cannot be expressed in words.
Why do you say weird?
One manifestation is that no one bothers to entangle. In the elaborate calculation of the failure of the banquet incident at the Ritz Hotel in London, whoever did not participate in it, it was too wrong to be settled by the autumn queen, and so on. Just a few comments, whoever wants Sir Gao to collapse the most, and whoever benefits the most is suspected of being the most logical relationship, obviously, don't challenge everyone's IQ.
It's just that very few people can figure out how Sir Gao plays his cards.
For example, this time, the Hong Kong media moved the news of the major restructuring plan of Standard Chartered Bank to the front page. The next day, Sir Gao published an article on "Establishing a Systemically Important Financial Institution Mechanism" and accepted the financial media. joint interview.
What is a Systemically Important Financial Institution?
Sir Gao's explanation for this concept is that those commercial banks, investment banks, insurance companies, and other financial institutions that are huge in the market, highly complex in business and widely associated with other financial institutions, when their own operations are in trouble. Even out of control, it will have a major impact on the stability of the entire financial system and economic activity.
Specifically how to define a systemically important financial institution, there is naturally a set of advanced comprehensive indicator system. It is not necessary for ordinary people to spend time to understand it, but there is the simplest perceptual way to quickly understand the concept of a systemically important financial institution, that is, Too big to fail! Too important to fail!
Sir Gao clearly pointed out that in the current commercial banking sector in Hong Kong, Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank are systemically important financial institutions for the Hong Kong financial system.
As for the driving force behind the establishment of a systemically important financial institution mechanism, Sir Gao also explained.
As we all know, since the 1960s, the banking industry in Hong Kong has experienced several life-and-death crises, and the impression given to the outside world is that only those small and medium-sized banks will have an accident. The incident of Standard Chartered Bank Mumbai branch secretly embezzling depositors' deposits into stock market speculation reflects that not necessarily!
How did Standard Chartered Bank react to being named by the President of the Hong Kong Monetary Authority, Sir Gao?
After the new chairman of the board of directors of Standard Chartered Bank Group, Sir Pao, had decided on the game at the headquarters in London, he returned to Hong Kong without a break, visited the Hong Kong Monetary Authority non-stop, and left with a relaxed face.
Surrounded by reporters, Sir Bao smiled and made the following speech.
Standard Chartered deeply apologizes for its previous mistakes and is carrying out a thorough rectification. It has reached an understanding and resolution plan with the supervisory authority where the Mumbai branch is located, and has also gained the trust of the Hong Kong Monetary Authority, the supervisory authority in Standard Chartered's most important market.
The Board of Directors of Standard Chartered is deeply honored to be included in the list of Hong Kong systemically important financial institutions, and at the same time, it is deeply responsible for it. Next, it will operate legally within the constraints of various regulatory agencies in the global market.
In short, Standard Chartered is completely convinced, and from now on, he will be an honest person and work in a down-to-earth manner.
And the Hong Kong Monetary Authority also confirmed the words of Sir Pao at a regular media communication meeting later, that the bad things of Standard Chartered Bank, in Sir Gao's case, are a turnaround.
The ghost guy from the Hong Kong government, how did he react when he saw that Standard Chartered was tidied up with a low eyebrow?
no response!
Strictly speaking, there are also actions, that is, the Legislative Council stated that it will revise the "Regulations on the Issuance of Legal Tender Banknotes" and agree that Standard Chartered Bank's right to issue banknotes will be transferred to Standard Chartered Hong Kong Bank.
that is it!
Following Standard Chartered Bank's proposal for the systemically important financial institution mechanism proposed by Sir Gao, after Natou Bianbai, Yili Bank and Youya Bank expressed their support.
The Bank of China's response is definitely mature and prudent, but it is not a problem. This inevitably involves the complex reactions of various circles to the systemically important financial institution mechanism proposed by Sir Gao.
First of all, from a relatively simple point of view, there is almost no criticism in the global central bank circle, and even many central bank officials can't help but praise Sir Gao for admiring him, creatively coming up with this mechanism, and then communicating with peers that have been established. Mechanism, come to learn advanced experience.
The capital circle, which has always been the most sensitive to market freedom, has the most complicated reaction and, in general, has doubts about the mechanism of systemically important financial institutions.
For example, will the institutions on the list be tied?
And the institutions that are not on the list will be in a disadvantageous competitive position because the institutions on the list receive support in exchange for further supervision;
There are even high-sounding discussions about whether it is reasonable to be too big to fail to confuse the public.
But there is one thing. When Sir Gao proposed the mechanism of systemically important financial institutions, he did not say how to define the mechanism of systemically important financial institutions. It is up to the Hong Kong Monetary Authority to decide. This standard can be handed over to a professional third party. Authoritative institutions have determined that it is like listing Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank as systemically important financial institutions in the field of Hong Kong Commercial Banking. What is wrong can be brought up? Well.
Say it, say it quickly...
But the mystery is here. Once the top hat of the systemically important financial institution mechanism is put on, it is not easy to take off!
If someone jumped out and said, among Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank, who is not worthy of becoming a systemically important financial institution, it is estimated that the parties involved will be anxious, what, you dare to question a certain family's Jianghu status?
Therefore, the doubts of the capital circle can't be twisted into a single rope to fight against each other.
In the midst of such turbulence, the old man has returned to the old man, and the Bank of China did not delay, but also quickly stated that it accepted Sir Gao's systemically important financial institution mechanism in Hong Kong.
So, the main event is here, what about the attitudes of Huifeng Bank and Hengsheng Bank?
Regarding the latest developments of Standard Chartered, Heungkong Media basically does not have the ability to obtain information from senior executives of Huifeng, such as Pu Weishi and Ge Lai, but the reports that are one step behind can be described as more enthusiastic. Yan, it is reminiscent of the land acquisition war and the Wharf acquisition war many years ago, which set off a new high-level rise of Hong Kong Chinese capital. In fact, after Sir Gao got off the plane at Kai Tak Airport, the focus of public opinion in Hong Kong was centered on Sir Gao. Every move in Hong Kong's financial circle, what entertainment industry gossip, the grievances and grievances of wealthy families, etc., can most appeal to the general public. The material, which can be said to have all faded and lost its appeal. Sir Gao answered the reporter's first question at the airport, how he felt about the banquet incident at the Ritz Hotel in London. Although it couldn't be simpler, as long as anyone who knows Chinese is broad, profound and profound, he can taste it. , the resentment, anger, murderousness... It's like when Sir Gao answered the reporter's second question, he thanked Davis and Huo Liyi, who resigned and ran away, for their work achievements in the positions of chairman of the Hong Kong Securities Industry Review Committee and chairman of the Hong Kong Stock Exchange. Do you think that this Are you really grateful? Therefore, the media are closely tracking the thunderous anger that Sir Gao's calm and apparent appearance may set off, and the final reorganization plan of Standard Chartered Bank was released, which was interpreted as the end of one of revenge. , revealing a strangeness that can only be understood and cannot be expressed in words. Why do you say weird? One manifestation is that no one bothers to entangle. In the elaborate calculation of the failure of the banquet incident at the Ritz Hotel in London, whoever did not participate in it, it was too wrong to be settled by the autumn queen, and so on. Just a few comments, whoever wants Sir Gao to collapse the most, and whoever benefits the most is suspected of being the most logical relationship, obviously, don't challenge everyone's IQ. It's just that very few people can figure out how Sir Gao plays his cards. For example, this time, the Hong Kong media moved the news of the major restructuring plan of Standard Chartered Bank to the front page. The next day, Sir Gao published an article on "Establishing a Systemically Important Financial Institution Mechanism" and accepted the financial media. joint interview. What is a Systemically Important Financial Institution? Sir Gao's explanation for this concept is that those commercial banks, investment banks, insurance companies, and other financial institutions that are huge in the market, highly complex in business and widely associated with other financial institutions, when their own operations are in trouble. Even out of control, it will have a major impact on the stability of the entire financial system and economic activity. Specifically how to define a systemically important financial institution, there is naturally a set of advanced comprehensive indicator system. It is not necessary for ordinary people to spend time to understand it, but there is the simplest perceptual way to quickly understand the concept of a systemically important financial institution, that is, Too big to fail! Too important to fail! Sir Gao clearly pointed out that in the current commercial banking sector in Hong Kong, Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank are systemically important financial institutions for the Hong Kong financial system. As for the driving force behind the establishment of a systemically important financial institution mechanism, Sir Gao also explained. As we all know, since the 1960s, the banking industry in Hong Kong has experienced several life-and-death crises, and the impression given to the outside world is that only those small and medium-sized banks will have an accident. The incident of Standard Chartered Bank Mumbai branch secretly embezzling depositors' deposits into stock market speculation reflects that not necessarily! How did Standard Chartered Bank react to being named by the President of the Hong Kong Monetary Authority, Sir Gao? After the new chairman of the board of directors of Standard Chartered Bank Group, Sir Pao, had decided on the game at the headquarters in London, he returned to Hong Kong without a break, visited the Hong Kong Monetary Authority non-stop, and left with a relaxed face. Surrounded by reporters, Sir Bao smiled and made the following speech. Standard Chartered deeply apologizes for its previous mistakes and is carrying out a thorough rectification. It has reached an understanding and resolution plan with the supervisory authority where the Mumbai branch is located, and has also gained the trust of the Hong Kong Monetary Authority, the supervisory authority in Standard Chartered's most important market. The Board of Directors of Standard Chartered is deeply honored to be included in the list of Hong Kong systemically important financial institutions, and at the same time, it is deeply responsible for it. Next, it will operate legally within the constraints of various regulatory agencies in the global market. In short, Standard Chartered is completely convinced, and from now on, he will be an honest person and work in a down-to-earth manner. And the Hong Kong Monetary Authority also confirmed the words of Sir Pao at a regular media communication meeting later, that the bad things of Standard Chartered Bank, in Sir Gao's case, are a turnaround. The ghost guy from the Hong Kong government, how did he react when he saw that Standard Chartered was tidied up with a low eyebrow? no response! Strictly speaking, there are also actions, that is, the Legislative Council stated that it will revise the "Regulations on the Issuance of Legal Tender Banknotes" and agree that Standard Chartered Bank's right to issue banknotes will be transferred to Standard Chartered Hong Kong Bank. that is it! Following Standard Chartered Bank's proposal for the systemically important financial institution mechanism proposed by Sir Gao, after Natou Bianbai, Yili Bank and Youya Bank expressed their support. The Bank of China's response is definitely mature and prudent, but it is not a problem. This inevitably involves the complex reactions of various circles to the systemically important financial institution mechanism proposed by Sir Gao. First of all, from a relatively simple point of view, there is almost no criticism in the global central bank circle, and even many central bank officials can't help but praise Sir Gao for admiring him, creatively coming up with this mechanism, and then communicating with peers that have been established. Mechanism, come to learn advanced experience. The capital circle, which has always been the most sensitive to market freedom, has the most complicated reaction and, in general, has doubts about the mechanism of systemically important financial institutions. For example, will the institutions on the list be tied? And the institutions that are not on the list will be in a disadvantageous competitive position because the institutions on the list receive support in exchange for further supervision; There are even high-sounding discussions about whether it is reasonable to be too big to fail to confuse the public. But there is one thing. When Sir Gao proposed the mechanism of systemically important financial institutions, he did not say how to define the mechanism of systemically important financial institutions. It is up to the Hong Kong Monetary Authority to decide. This standard can be handed over to a professional third party. Authoritative institutions have determined that it is like listing Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank as systemically important financial institutions in the field of Hong Kong Commercial Banking. What is wrong can be brought up? Well. Say it, say it quickly... But the mystery is here. Once the top hat of the systemically important financial institution mechanism is put on, it is not easy to take off! If someone jumped out and said, among Huifeng Bank, Lili Bank, Standard Chartered Bank, Bank of China, Hengsheng Bank, and Youya Bank, who is not worthy of becoming a systemically important financial institution, it is estimated that the parties involved will be anxious, what, you dare to question a certain family's Jianghu status? Therefore, the doubts of the capital circle can't be twisted into a single rope to fight against each other. In the midst of such turbulence, the old man has returned to the old man, and the Bank of China did not delay, but also quickly stated that it accepted Sir Gao's systemically important financial institution mechanism in Hong Kong. So, the main event is here, what about the attitudes of Huifeng Bank and Hengsheng Bank?
