Chapter 1205
If audio player doesn't work, press Stop then Play button again
It is no exaggeration to say that Gao Xian came forward to guarantee that Huifeng Bank would not be hostile to takeover during the process of canceling the special regulations that the shareholding ratio does not exceed 1%, which is equivalent to insuring Huifeng Bank.
The reason for this is far from the fact that Gao Xian is the president of the Hong Kong Monetary Authority, and that many people still haven't forgotten Gao Xian's glorious resume as a banker and business tycoon before he switched to public office, but more importantly, Gao Xian's energy, These include, but are not limited to, various political resources, such as members of the Trilateral Commission, participants of the Bilderberg Conference, founders of the Asia-Pacific Economic Cooperation, members of the Xiangjiang Freemasonry, etc.
In fact, Gao Xian is more aware of one key point, that is, accurately grasping the general trend is enough to resolve all kinds of resistance.
Take Gao Xian's clean-up of Huifeng Bank through the Xiangjiang Financial Management Bureau as an example. Since Gao Xian entered this time and space, Huifeng Bank's strength is now at the lowest valley, which can be described as extremely weak.
[Currently used, the app with the most complete and best audio for listening to books, integrated with 4 major speech synthesis engines, over 100 kinds of timbres, and an artifact that supports offline reading, huanyuanapp.com Source App]
There is also an ironic aspect. The senior management of Huifeng Bank thought that the previous low tide of Huifeng Bank, such as being hit by the global stock market crash on Black Monday in 1987, was regarded as a low point, and they had passed it safely. Now that more and more negative factors are superimposed together, when Huifeng Bank is once again pushed down to a new historical low, it is a bit at the end of its rope. One reflection is that Gao Xian can no longer see any innovative tricks.
As for Huifeng Bank’s current sell-off, the defense said that once the special regulations such as the shareholding ratio of no more than 1% are cancelled, it will face a great risk of being forcibly acquired. Gao Xian can’t see that Huifeng Bank is Playing for time, waiting for intervention from London?
But Gao Xian has this self-confidence. The regulatory agency gave Huifeng Bank the time and opportunity to appeal, so that the outside world can see that it has done its best.
It is also widely recognized by the outside world that Gao Xian has come forward to guarantee Huifeng Bank from hostile takeovers. Financial media have pointed out that the market value of Huifeng Bank is nearly 100 billion. It is extremely difficult for a listed company to initiate a forced acquisition.
Moreover, with this level of capital market operations, it is difficult to bypass the circle of investment banks, and a little trouble is enough to arouse vigilance.
Ever since, everyone was patiently admiring Huifeng Bank's performance, and at the same time secretly speculated what would happen when the two-week rectification time given by the Hong Kong Securities Regulatory Commission ran out.
Yuan Tianfan, who has been transferred from the vice chairman of the Hong Kong Securities Regulatory Commission to the chairman of the Hong Kong Securities Regulatory Commission, came to ask Gao Xian for instructions, "Two weeks are fleeting. According to the feedback I have received, it can be judged that Huifeng Bank has not cancelled. The plan for special treatment, and it is still planning to muddy the water, it may be to stop cash dividends. To stir up as many sensitive points of interest as possible.”
Gao Xian smiled, and first reiterated the general principle of cleaning up Huifeng Bank, "The Xiangjiang Monetary Authority can indeed train Huifeng Bank in a multi-pronged manner, from the aspects of securities industry supervision, banking supervision, and central settlement system, etc., Let’s attack Huifeng Bank together.”
"But considering the free atmosphere of Xiangjiang International Financial Center, it would be best to deal with it lightly. For example, within the scope of securities industry supervision, Huifeng Bank will be compliant."
Yuan Tianfan understood, "For Huifeng Bank to challenge the authority of Hong Kong's securities industry, the Hong Kong Securities Regulatory Commission will impose heavy penalties. It's just this scale. Judging from the development history of Hong Kong's securities industry over the years, there is no good operational reference standard."
Gao Xian said leisurely: "Since Huifeng Bank has been stuck for so many years, and the investor's shareholding ratio cannot exceed 1%, then you might as well consider the percentage of Huifeng Bank's market value, and don't be obsessed with the specific fine figure." We should see how many eager imitators are following Huifeng Bank's buttocks; and how many people are happy to hear and see Huifeng Bank's cancellation of special treatment."
Yuan Tianfan, who knew what was in his mind, asked again: "Then, as Huifeng Bank intends to cancel the cash dividend, should the Xiangjiang Securities Regulatory Commission make a targeted response?"
"Listed companies have their own reasons to decide how to pay dividends. If the Xiangjiang Securities Regulatory Commission makes a rash move, it will easily involve other listed companies and disperse its firepower. In this way, they will fight theirs and we will fight ours." Gao Xian opened the drawer, as if After flipping through it, he took out a folder and handed it to Yuan Tianfan, "Here is a report that the executives of Huifeng Bank are spending a lot of money in London. I don't know. As a listed company, Huifeng Bank's financial Does the expenditure data on the report reflect the truth!"
Yuan Tianfan carefully looked through the documents, photos, bills, etc. in the file bag, and the expression on his face became meaningful.
...
Just as the two-week deadline was coming to an end, Huifeng Bank suddenly issued an official announcement, preliminarily deciding that due to the deteriorating business environment faced by the group, the cash dividends originally expected for the four financial quarters of this year have all been cancelled.
Not to mention, Huifeng Bank's move did cause some commotion.
A big blue chip stock like Huifeng Bank has limited growth and mainly attracts and pleases investors through cash dividends. Since the 1980s, Huifeng Bank has only paid dividends for two years. The first time to adopt the method of allotment of shares, respectively in 1981 and 1987, and the rest were in the form of cash, so that many investment portfolios regard the stock of Huifeng Bank as a component of stable income. There is also an auspicious saying "Christmas bell, buy Huifeng" among the people.
Now, Huifeng Bank has announced that it will not distribute cash dividends, which has indeed stirred up some nerves sensitive to interests, and even made some voices. Huifeng Bank has given reasons. The business environment it faces has deteriorated. Should the regulators How about letting go?
As a result, the Xiangjiang Securities Regulatory Commission not only ignored this problem, but even more sensational news came out.
The Hong Kong Securities Regulatory Commission announced that Huifeng Bank turned a blind eye to the rectification opinions of the securities industry regulatory agency, and the communication between the two parties was fruitless. It is now decided to impose a fine of 8 billion Hong Kong dollars on Huifeng Bank.
Regarding this astronomical figure, not to mention the executives of Huifeng Bank, they thought their eyes were blurred, and even the reporters thought they had made a mistake, so they specifically confirmed it to the Hong Kong Securities Regulatory Commission.
The Xiangjiang Securities Regulatory Commission gave an explanation, yes, this fine figure is calculated based on the 10% market value of Huifeng Bank, and the calculation logic is so simple, how could it be wrong? And we have already shown mercy, and we are going offline.
Now that the numbers are correct, all parties can react as they please.
For example, the media began to shout, eight billion Hong Kong dollars, converted into more than one billion U.S. dollars, set a global record, right?
Huifeng Bank was furious, how could it be punished so harshly, stealing money? Can't afford it! Didn't you see that even the cash dividends have been cancelled...
The Xiangjiang Securities Regulatory Commission refuted it confidently. Seeing that your executives are lavish, it doesn't look like you can't distribute cash and dividends! Since it is not clear, the regulatory agency will ask you to disclose a few financial data...
Please report us if you find any errors so we can fix it asap!
It is no exaggeration to say that Gao Xian came forward to guarantee that Huifeng Bank would not be hostile to takeover during the process of canceling the special regulations that the shareholding ratio does not exceed 1%, which is equivalent to insuring Huifeng Bank.
The reason for this is far from the fact that Gao Xian is the president of the Hong Kong Monetary Authority, and that many people still haven't forgotten Gao Xian's glorious resume as a banker and business tycoon before he switched to public office, but more importantly, Gao Xian's energy, These include, but are not limited to, various political resources, such as members of the Trilateral Commission, participants of the Bilderberg Conference, founders of the Asia-Pacific Economic Cooperation, members of the Xiangjiang Freemasonry, etc.
In fact, Gao Xian is more aware of one key point, that is, accurately grasping the general trend is enough to resolve all kinds of resistance.
Take Gao Xian's clean-up of Huifeng Bank through the Xiangjiang Financial Management Bureau as an example. Since Gao Xian entered this time and space, Huifeng Bank's strength is now at the lowest valley, which can be described as extremely weak.
[Currently used, the app with the most complete and best audio for listening to books, integrated with 4 major speech synthesis engines, over 100 kinds of timbres, and an artifact that supports offline reading, huanyuanapp.com Source App]
There is also an ironic aspect. The senior management of Huifeng Bank thought that the previous low tide of Huifeng Bank, such as being hit by the global stock market crash on Black Monday in 1987, was regarded as a low point, and they had passed it safely. Now that more and more negative factors are superimposed together, when Huifeng Bank is once again pushed down to a new historical low, it is a bit at the end of its rope. One reflection is that Gao Xian can no longer see any innovative tricks.
As for Huifeng Bank’s current sell-off, the defense said that once the special regulations such as the shareholding ratio of no more than 1% are cancelled, it will face a great risk of being forcibly acquired. Gao Xian can’t see that Huifeng Bank is Playing for time, waiting for intervention from London?
But Gao Xian has this self-confidence. The regulatory agency gave Huifeng Bank the time and opportunity to appeal, so that the outside world can see that it has done its best.
It is also widely recognized by the outside world that Gao Xian has come forward to guarantee Huifeng Bank from hostile takeovers. Financial media have pointed out that the market value of Huifeng Bank is nearly 100 billion. It is extremely difficult for a listed company to initiate a forced acquisition.
Moreover, with this level of capital market operations, it is difficult to bypass the circle of investment banks, and a little trouble is enough to arouse vigilance.
Ever since, everyone was patiently admiring Huifeng Bank's performance, and at the same time secretly speculated what would happen when the two-week rectification time given by the Hong Kong Securities Regulatory Commission ran out.
Yuan Tianfan, who has been transferred from the vice chairman of the Hong Kong Securities Regulatory Commission to the chairman of the Hong Kong Securities Regulatory Commission, came to ask Gao Xian for instructions, "Two weeks are fleeting. According to the feedback I have received, it can be judged that Huifeng Bank has not cancelled. The plan for special treatment, and it is still planning to muddy the water, it may be to stop cash dividends. To stir up as many sensitive points of interest as possible.”
Gao Xian smiled, and first reiterated the general principle of cleaning up Huifeng Bank, "The Xiangjiang Monetary Authority can indeed train Huifeng Bank in a multi-pronged manner, from the aspects of securities industry supervision, banking supervision, and central settlement system, etc., Let’s attack Huifeng Bank together.”
"But considering the free atmosphere of Xiangjiang International Financial Center, it would be best to deal with it lightly. For example, within the scope of securities industry supervision, Huifeng Bank will be compliant."
Yuan Tianfan understood, "For Huifeng Bank to challenge the authority of Hong Kong's securities industry, the Hong Kong Securities Regulatory Commission will impose heavy penalties. It's just this scale. Judging from the development history of Hong Kong's securities industry over the years, there is no good operational reference standard."
Gao Xian said leisurely: "Since Huifeng Bank has been stuck for so many years, and the investor's shareholding ratio cannot exceed 1%, then you might as well consider the percentage of Huifeng Bank's market value, and don't be obsessed with the specific fine figure." We should see how many eager imitators are following Huifeng Bank's buttocks; and how many people are happy to hear and see Huifeng Bank's cancellation of special treatment."
Yuan Tianfan, who knew what was in his mind, asked again: "Then, as Huifeng Bank intends to cancel the cash dividend, should the Xiangjiang Securities Regulatory Commission make a targeted response?"
"Listed companies have their own reasons to decide how to pay dividends. If the Xiangjiang Securities Regulatory Commission makes a rash move, it will easily involve other listed companies and disperse its firepower. In this way, they will fight theirs and we will fight ours." Gao Xian opened the drawer, as if After flipping through it, he took out a folder and handed it to Yuan Tianfan, "Here is a report that the executives of Huifeng Bank are spending a lot of money in London. I don't know. As a listed company, Huifeng Bank's financial Does the expenditure data on the report reflect the truth!"
Yuan Tianfan carefully looked through the documents, photos, bills, etc. in the file bag, and the expression on his face became meaningful.
...
Just as the two-week deadline was coming to an end, Huifeng Bank suddenly issued an official announcement, preliminarily deciding that due to the deteriorating business environment faced by the group, the cash dividends originally expected for the four financial quarters of this year have all been cancelled.
Not to mention, Huifeng Bank's move did cause some commotion.
A big blue chip stock like Huifeng Bank has limited growth and mainly attracts and pleases investors through cash dividends. Since the 1980s, Huifeng Bank has only paid dividends for two years. The first time to adopt the method of allotment of shares, respectively in 1981 and 1987, and the rest were in the form of cash, so that many investment portfolios regard the stock of Huifeng Bank as a component of stable income. There is also an auspicious saying "Christmas bell, buy Huifeng" among the people.
Now, Huifeng Bank has announced that it will not distribute cash dividends, which has indeed stirred up some nerves sensitive to interests, and even made some voices. Huifeng Bank has given reasons. The business environment it faces has deteriorated. Should the regulators How about letting go?
As a result, the Xiangjiang Securities Regulatory Commission not only ignored this problem, but even more sensational news came out.
The Hong Kong Securities Regulatory Commission announced that Huifeng Bank turned a blind eye to the rectification opinions of the securities industry regulatory agency, and the communication between the two parties was fruitless. It is now decided to impose a fine of 8 billion Hong Kong dollars on Huifeng Bank.
Regarding this astronomical figure, not to mention the executives of Huifeng Bank, they thought their eyes were blurred, and even the reporters thought they had made a mistake, so they specifically confirmed it to the Hong Kong Securities Regulatory Commission.
The Xiangjiang Securities Regulatory Commission gave an explanation, yes, this fine figure is calculated based on the 10% market value of Huifeng Bank, and the calculation logic is so simple, how could it be wrong? And we have already shown mercy, and we are going offline.
Now that the numbers are correct, all parties can react as they please.
For example, the media began to shout, eight billion Hong Kong dollars, converted into more than one billion U.S. dollars, set a global record, right?
Huifeng Bank was furious, how could it be punished so harshly, stealing money? Can't afford it! Didn't you see that even the cash dividends have been cancelled...
The Xiangjiang Securities Regulatory Commission refuted it confidently. Seeing that your executives are lavish, it doesn't look like you can't distribute cash and dividends! Since it is not clear, the regulatory agency will ask you to disclose a few financial data...
It is no exaggeration to say that Gao Xian came forward to guarantee that Huifeng Bank would not be hostile to takeover during the process of canceling the special regulations that the shareholding ratio does not exceed 1%, which is equivalent to insuring Huifeng Bank. The reason for this is far from the fact that Gao Xian is the president of the Hong Kong Monetary Authority, and that many people still haven't forgotten Gao Xian's glorious resume as a banker and business tycoon before he switched to public office, but more importantly, Gao Xian's energy, These include, but are not limited to, various political resources, such as members of the Trilateral Commission, participants of the Bilderberg Conference, founders of the Asia-Pacific Economic Cooperation, members of the Xiangjiang Freemasonry, etc. In fact, Gao Xian is more aware of one key point, that is, accurately grasping the general trend is enough to resolve all kinds of resistance. Take Gao Xian's clean-up of Huifeng Bank through the Xiangjiang Financial Management Bureau as an example. Since Gao Xian entered this time and space, Huifeng Bank's strength is now at the lowest valley, which can be described as extremely weak. Currently used, the app with the most complete and best audio for listening to books, integrated with 4 major speech synthesis engines, over 100 kinds of timbres, and an artifact that supports offline reading, huanyuanapp.com Source App There is also an ironic aspect. The senior management of Huifeng Bank thought that the previous low tide of Huifeng Bank, such as being hit by the global stock market crash on Black Monday in 1987, was regarded as a low point, and they had passed it safely. Now that more and more negative factors are superimposed together, when Huifeng Bank is once again pushed down to a new historical low, it is a bit at the end of its rope. One reflection is that Gao Xian can no longer see any innovative tricks. As for Huifeng Bank's current sell-off, the defense said that once the special regulations such as the shareholding ratio of no more than 1% are cancelled, it will face a great risk of being forcibly acquired. Gao Xian can't see that Huifeng Bank is Playing for time, waiting for intervention from London? But Gao Xian has this self-confidence. The regulatory agency gave Huifeng Bank the time and opportunity to appeal, so that the outside world can see that it has done its best. It is also widely recognized by the outside world that Gao Xian has come forward to guarantee Huifeng Bank from hostile takeovers. Financial media have pointed out that the market value of Huifeng Bank is nearly 100 billion. It is extremely difficult for a listed company to initiate a forced acquisition. Moreover, with this level of capital market operations, it is difficult to bypass the circle of investment banks, and a little trouble is enough to arouse vigilance. Ever since, everyone was patiently admiring Huifeng Bank's performance, and at the same time secretly speculated what would happen when the two-week rectification time given by the Hong Kong Securities Regulatory Commission ran out. Yuan Tianfan, who has been transferred from the vice chairman of the Hong Kong Securities Regulatory Commission to the chairman of the Hong Kong Securities Regulatory Commission, came to ask Gao Xian for instructions, "Two weeks are fleeting. According to the feedback I have received, it can be judged that Huifeng Bank has not cancelled. The plan for special treatment, and it is still planning to muddy the water, it may be to stop cash dividends. To stir up as many sensitive points of interest as possible. Gao Xian smiled, and first reiterated the general principle of cleaning up Huifeng Bank, "The Xiangjiang Monetary Authority can indeed train Huifeng Bank in a multi-pronged manner, from the aspects of securities industry supervision, banking supervision, and central settlement system, etc., Let's attack Huifeng Bank together. "But considering the free atmosphere of Xiangjiang International Financial Center, it would be best to deal with it lightly. For example, within the scope of securities industry supervision, Huifeng Bank will be compliant." Yuan Tianfan understood, "For Huifeng Bank to challenge the authority of Hong Kong's securities industry, the Hong Kong Securities Regulatory Commission will impose heavy penalties. It's just this scale. Judging from the development history of Hong Kong's securities industry over the years, there is no good operational reference standard." Gao Xian said leisurely: "Since Huifeng Bank has been stuck for so many years, and the investor's shareholding ratio cannot exceed 1%, then you might as well consider the percentage of Huifeng Bank's market value, and don't be obsessed with the specific fine figure." We should see how many eager imitators are following Huifeng Bank's buttocks; and how many people are happy to hear and see Huifeng Bank's cancellation of special treatment." Yuan Tianfan, who knew what was in his mind, asked again: "Then, as Huifeng Bank intends to cancel the cash dividend, should the Xiangjiang Securities Regulatory Commission make a targeted response?" "Listed companies have their own reasons to decide how to pay dividends. If the Xiangjiang Securities Regulatory Commission makes a rash move, it will easily involve other listed companies and disperse its firepower. In this way, they will fight theirs and we will fight ours." Gao Xian opened the drawer, as if After flipping through it, he took out a folder and handed it to Yuan Tianfan, "Here is a report that the executives of Huifeng Bank are spending a lot of money in London. I don't know. As a listed company, Huifeng Bank's financial Does the expenditure data on the report reflect the truth!" Yuan Tianfan carefully looked through the documents, photos, bills, etc. in the file bag, and the expression on his face became meaningful. ... Just as the two-week deadline was coming to an end, Huifeng Bank suddenly issued an official announcement, preliminarily deciding that due to the deteriorating business environment faced by the group, the cash dividends originally expected for the four financial quarters of this year have all been cancelled. Not to mention, Huifeng Bank's move did cause some commotion. A big blue chip stock like Huifeng Bank has limited growth and mainly attracts and pleases investors through cash dividends. Since the 1980s, Huifeng Bank has only paid dividends for two years. The first time to adopt the method of allotment of shares, respectively in 1981 and 1987, and the rest were in the form of cash, so that many investment portfolios regard the stock of Huifeng Bank as a component of stable income. There is also an auspicious saying "Christmas bell, buy Huifeng" among the people. Now, Huifeng Bank has announced that it will not distribute cash dividends, which has indeed stirred up some nerves sensitive to interests, and even made some voices. Huifeng Bank has given reasons. The business environment it faces has deteriorated. Should the regulators How about letting go? As a result, the Xiangjiang Securities Regulatory Commission not only ignored this problem, but even more sensational news came out. The Hong Kong Securities Regulatory Commission announced that Huifeng Bank turned a blind eye to the rectification opinions of the securities industry regulatory agency, and the communication between the two parties was fruitless. It is now decided to impose a fine of 8 billion Hong Kong dollars on Huifeng Bank. Regarding this astronomical figure, not to mention the executives of Huifeng Bank, they thought their eyes were blurred, and even the reporters thought they had made a mistake, so they specifically confirmed it to the Hong Kong Securities Regulatory Commission. The Xiangjiang Securities Regulatory Commission gave an explanation, yes, this fine figure is calculated based on the 10% market value of Huifeng Bank, and the calculation logic is so simple, how could it be wrong? And we have already shown mercy, and we are going offline. Now that the numbers are correct, all parties can react as they please. For example, the media began to shout, eight billion Hong Kong dollars, converted into more than one billion U.S. dollars, set a global record, right? Huifeng Bank was furious, how could it be punished so harshly, stealing money? Can't afford it! Didn't you see that even the cash dividends have been cancelled... The Xiangjiang Securities Regulatory Commission refuted it confidently. Seeing that your executives are lavish, it doesn't look like you can't distribute cash and dividends! Since it is not clear, the regulatory agency will ask you to disclose a few financial data...
