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Rebirth capital madman - Chapter 1193

Published at 24th of January 2023 12:30:59 PM


Chapter 1193

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In response to the relocation plan announced by Huifeng Bank during the day, the Xiangjiang Financial Management Bureau urgently held this meeting without deliberately setting any confidentiality level. Therefore, after the meeting, without waiting for the Xiangjiang Financial Management Bureau to issue an official opinion, the journalists who stayed outside , and learned about what happened in the meeting room through the "source".

In particular, Sir Gao's sentence "Huifeng Bank is shedding Xiangjiang's blood" can be said to be deafening, which is tantamount to finalizing Huifeng Bank's existing relocation plan, and many reporters are writing manuscripts. At that time, I couldn't help but feel an upsurge of emotion.

Of course, exaggeration is the nature of the media. Headlines such as "President of Hong Kong Monetary Authority Gao Sir Angrily Rebukes Huifeng Bank's Relocation Plan", "Huifeng Bank's Stock Faces Suspension" and so on, flew to the headquarters of various newspapers. .

Huifeng Bank, through Zhai Kecheng, the financial secretary, naturally almost restored the scene of the meeting.

"Since the situation has developed to this point, Sir Gao's attitude is very clear. He does not object to Huifeng Bank's relocation from Xiangjiang to London, but he opposes Huifeng Bank's transfer of Xiangjiang's assets to London. The solution is to be like Xiangjiang Standard Chartered Bank. That's it." Financial Secretary Zhai Kecheng concluded.

Ge Lai snorted, "Only when Huifeng Bank transfers Xiangjiang's assets to London can it rest easy. Otherwise, we have made so many preparations, so are we free?"

"If you don't make any concessions, it seems that the Hong Kong Monetary Authority is really likely to take sanctions against Huifeng Bank." Financial Secretary Zhai Kecheng expressed another observation of his own.

"Sanctions? I don't believe it. Does Gao Xian really dare to suspend Huifeng Bank's stock? You know, Huifeng Bank's stock is not only very popular in the stock market, but has also become one of the subject matter of financial derivatives launched by some international investment banks. One, it can be said that it can affect the whole body." Ge Lai's tone was full of disdain, "After these years of accumulation, the internal reserves of our Huifeng Bank have reached more than 10 billion..."

Huifeng Daban Pu Weishi coughed lightly and interrupted Ge Lai. He said in his heart, don’t show all your cards. Financial Secretary Zhai Kecheng is indeed running around for us, but we must also be careful not to expose the situation too early. The real strength of the risk.

Financial Secretary Zhai Kecheng naturally noticed Pu Weishi's small expression, and he continued calmly: "No matter how the game between Huifeng Bank and Hong Kong Monetary Authority is going to be, a public opinion war is imminent. I'm afraid Huifeng The banks are a little bit reactive."

"It's okay, we are prepared." Pu Weishi, the head of Huifeng Bank, nodded, "At least in fact, the government supports Huifeng Bank, right?"

"Of course." Financial Secretary Zhai Kecheng replied casually, and pondered: "But the problem is that in recent years, the Hong Kong Monetary Authority has indeed perfected the regulatory laws and regulations, which are in line with international standards. , Huifeng Bank’s relocation plan, even if it can be passed in the end, will take a long time, so that it loses its meaning.”

"We are also aware of this, so we want to take the road of exemption." Pu Weishi humbly asked Financial Secretary Zhai Kecheng for advice.

"It's not as easy as before. Privileges are more likely to cause backlash. After all, people's awareness has been greatly improved now." Financial Secretary Zhai Kecheng hesitated, "I think you should find enough political support from London. We will cooperate again when we press down on Xiangjiang.”

After Financial Secretary Zhai Kecheng left, Ge Lai complained: "The people in the government government expressed their support verbally and happily to support the relocation of Huifeng Bank to London, but in fact they can't count on it."

"We can't blame them. After all, we have also watched over the years that the Hong Kong Financial Management Authority has become stronger step by step to where it is today." Pu Weishi analyzed: "The financial secretary Zhai Kecheng's suggestion is still very reasonable. Lobbying efforts should be stepped up, and it is best to persuade cabinet members to come forward."

Ge Lai asked again: "How to deal with the public opinion war that is just around the corner?"

"It's time to come, always come." Pu Weishi said slowly: "As the chairman, I have some things that are inconvenient to say, so I can only trouble you to share them."

"No problem." Ge Lai understands, isn't it just a red face, a white face, he belongs to the hawk faction anyway, and he doesn't mind playing the role of swearing.

...

Public Opinion War Following the Hong Kong Monetary Authority spokesperson, at a regular media communication meeting, he clearly stated that he believed that the existing plan of Huifeng Bank to relocate to London was very inappropriate and seriously damaged the interests of Hong Kong. The structural model has entered a fever pitch, and because of rumors that the Hong Kong Financial Management Authority will take sanctions against Huifeng Bank, including the suspension of stock trading, it has not really been released, but it is shrouded in a layer of fog.

Obviously, Huifeng Bank’s plan to transfer Xiangjiang’s assets to London is nothing more than opposing and supporting two factions. The former’s reasons are well understood, and the latter’s behavior is disgusting. Needless to say , but those in the middle are either rationally analyzed or have ambiguous views, which are intriguing.

For example, a short commentary in the "Xiangjiang Economic Daily" wrote that, with Huifeng's financial resources and the operating benefits it has obtained from Xiangjiang for many years, it should help stabilize the overall economic situation of Xiangjiang without hesitation, but the relocation led to a change of roles. This reduces Huifeng's commitment to Xiangjiang, which makes people more worried.

For another example, the short commentary of "Newspaper Financial News" suggested that banks with a sense of belonging to Xiangjiang should be quickly cultivated to share Huifeng's role in Hong Kong's financial industry.

So, how does Huifeng Bank defend itself?

Pu Weishi obviously avoids the important and ignores the important, and only talks about the superficial layer of the re-domiciliation plan-the adjustment of the company's organization is imperative. Many banks of Huifeng's size will set up holding companies to integrate subsidiary companies into a unified one. Fung has not yet established such a structure, which has caused confusion to overseas banking regulators and legal professionals, and has caused difficulties for Huifeng's international expansion in the United States and the United Kingdom. Huifeng's current organizational structure is an obstacle to internationalization, and drastic adjustments must be made.

Ge Lai is much more straightforward, this is a business decision brought about by the political situation...

I won't mention any more, so as not to be sensitive and attract shielding.

All in all, Huifeng Bank is a dead pig who is not afraid of boiling water, what are you doing.

In this vigorous public opinion battle, the Xiangjiang Financial Management Bureau, apart from clearly pointing out through a routine media communication meeting at the beginning, that Huifeng Bank’s existing relocation plan has seriously damaged the interests of Xiangjiang, has been watching with a cold eye; The bank is shedding Xiangjiang's blood," Sir Gao also remained silent; as for the suspension of trading, the sanctions against Huifeng Bank were also absent, showing a strange feeling.

Regarding this, some observers analyzed that judging from Sir Gao’s fierce reaction, it’s impossible to be discouraged, but after all, Xiangjiang is an international financial center with free capital flow. It's not easy to end in an official capacity. If the political forces that Huifeng relies on also show up, it will make the situation even more complicated.

So, what exactly is Sir Gao busy with?





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