Chapter 715
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The reason why Hang Lung Bank was so impolitely and quickly controlled was that its commercial crime was really hammered. The consultant hired by the commercial crime investigation bureau from Gaoyi kept checking the accounts of Hang Lung Bank for reference in the takeover regulations of Hang Lung Bank being prepared.
The progress of Financial Secretary Chris Pang was equally smooth. After hearing the report, deputy secretary Xia Dingji and governor Youde dared not neglect it and immediately convened a meeting of the Legislative Council.
For quite a long time after Xiangjiang was colonized, the Legislative Council was more like a decoration, far less powerful than the Executive Council. Of course, now Britain has begun to mix sand through the Legislative Council, and its status has been continuously improved.
However, this legislative council meeting, as in the past, has gone through a formality, mainly to call on the exchange fund and find support that can withstand external discussions.
In the middle of the night, the Legislative Council Chamber of the Hong Kong government, located at the north end of the central government offices on lower Albert Road, central, Hong Kong Island, is brightly lit. Members are listening to the second reading of the Hang Lung Bank takeover Ordinance 1982 by the financial secretary, Mr Patrick Pang, in accordance with the work flow of the Legislative Council.
To put it simply, members of the Legislative Council of the Hong Kong government have expressed their opposition to Huifeng's abandonment and forcing the Hong Kong government to use the exchange fund to take over Hang Lung Bank. For example, they believe that this move is contrary to the long-standing tradition of non intervention pursued by the government; Another example is that the exchange fund should not be so abused, and so on.
In short, a debate is indispensable, and I don't know if it will take too long, or even refuse to pass the regulations on the takeover of Hang Lung Bank, which will eventually lead to the crisis of Xiangjiang banking industry.
During the second reading of the Hang Lung Bank takeover Ordinance by the financial secretary, Peng Lizhi, a staff member handed over a thin document, which caused him to pause a little, glance a few times, and then frown.
After the second reading of the takeover ordinance of Hang Lung Bank, the financial secretary, Mr Patrick Pang, picked up the document and added: "members, the Commercial Crime Bureau searched the headquarters of Hang Lung Bank. According to the latest preliminary results of account review, the deposit balance of Hang Lung Bank is negative and should not be less than HK $300 million."
Legislators who had planned to express their views and make a long speech suddenly burst into an uproar that Hang Lung Bank was so rotten!
Financial Secretary Peng Lizhi shook the document in his hand and continued: "at the same time, more than 250 million Hong Kong dollars were loaned by the directors of Hang Lung Bank and its affiliates for many times with unreasonable very low mortgage."
"In addition, Hang Lung Bank deliberately covered up the bad debt of HK $800 million lent to Dalai financial credit company, which has been liquidated."
Speaking of this, the financial secretary, Mr Patrick Pang, put down his paper and concluded: "members, various evidences show that the problem of Hang Lung Bank is not simply poor management, but mixed with a large number of commercial crimes."
"Therefore, only when Zhengfu comes forward immediately to take over Hang Lung Bank, which is in fact in trouble, can we most effectively deal with the Hang Lung Bank Crisis and avoid the impact on the whole banking industry."
Obviously, members were greatly shocked, and the focus of the debate was not whether the Hong Kong government should personally end up taking over Hang Lung Bank, but more specifically how to deal with Hang Lung Bank.
Among them, the Hong Kong government can not take over Hang Lung Bank all the time.
The answer given by financial secretary Peng Lizhi is that after the Hang Lung Bank has been reorganized and turned from loss to profit, the Zhengfu will hand it over to the market in an appropriate way.
……
Similarly, in the central government offices, in the Executive Council office building in the east block, Gao Xian is also busy. He and Shen Bi are preparing to set up a new board of directors of Hang Lung Bank.
Although Huifeng has given up, Shen Bi can't really be "selfish" in the end. He still has to do his minimum obligations.
The members of the board of directors of new Hang Lung Bank are from the financial secretary of the Hong Kong government, Huifeng bank and Yili bank. Naturally, the financial secretary of the Hong Kong government is the first. As for the general manager of the new Hang Lung Bank, Huifeng bank will appoint someone from the credit department.
The reason why favorable banks participate in cleaning up the mess of Hang Lung Bank is not to make visible income. Besides, Hang Lung Bank is rotten like this. Where can there be money to make, but to pay attention to the qualification of "talking".
In fact, this qualification to participate in "words and things" is not available to anyone who wants it.
Although Shen Bi and Gao Xian did not mention it very tacitly, Gao Xian took a clear stand on Huifeng's side and supported the Hong Kong government to take over Hang Lung Bank, Shen bi was quite grateful. As a small reward, he suggested that the bank should join the new board of directors of Hang Lung Bank.
These people, led by Shen Bi and Gao Xian, are discussing the specific operating regulations of Hang Lung Bank after it is fully taken over by the Hong Kong government. The person responsible for observing the progress in the Legislative Council Chamber of the Hong Kong government reports that the financial secretary Peng Lizhi has read the Hang Lung Bank takeover Ordinance 1982 for the third time and passed it.
It has to be said that this efficiency can be called fire speed. Although Gao Xian and Shen Bi thought that the progress of this matter should be fast, they were slightly surprised.
After a while, the financial secretary, Mr Patrick Pang, personally came with the final version of the Hang Lung Bank takeover Ordinance, which was passed on the third reading.
Gao Xian glanced quickly and found that there was little change on the whole. For example, in order to save Hang Lung Bank, the Hong Kong government immediately injected HK $300 million into Hang Lung Bank through foreign exchange funds.
Seeing Shen Bi and Gao Xian sitting down in person, financial secretary Peng Lizhi was very satisfied with the arrangement of the Hong Kong government's comprehensive takeover of Hang Lung Bank. His previous suffocation was basically relieved.
To put it bluntly, the result that the Hong Kong government pays and the banking sector produces professionals has become a fait accompli. It is meaningless to tangle again.
Financial Secretary Peng Lizhi said: "the crisis of Hang Lung Bank has been eliminated. By the way, there is still a press conference tomorrow, but it is already a minor matter."
Everyone echoed and said yes, while Gao Xian muttered in his heart that the heat is not enough. It's not over. It's good for the bank to take office as its first chairman of Xiangjiang Bank Association. It needs a lower starting point. Otherwise, how can it show that it can turn the tide when it is ordered to be in danger!
……
In the past few days, a press conference of Hang Lung Bank shocked the whole territory. The Hong Kong government has taken over Hang Lung Bank in an all-round way with lightning speed.
With the progress of time, various details have emerged one after another. The board of directors of the old Hang Lung Bank has been terminated, and the holding company of Hang Lung Bank, the unified institution, has been delisted and liquidated. It is not difficult to imagine how serious the problems are!
Fortunately, the depositors of Hang Lung Bank did not have time to panic, and there is no need to panic now. After all, the Hong Kong government has come forward to reveal the bottom of Hang Lung Bank.
Various media praised the Hong Kong government for its decisive action and timely disposal of Hang Lung Bank. After avoiding the banking crisis, they lamented one after another. The world was really difficult in the second half of 1982. The Jianing fraud, the stock market plummeted, the real estate industry collapsed, and the Hang Lung banking crisis one after another. Fortunately, this year is almost over, I hope everything will be better next year.
After Gao Xian noticed this mood in the media, he secretly disdained that the boil was not only Jianing group and Hang Lung Bank. The operation is not over yet!
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The reason why Hang Lung Bank was so impolitely and quickly controlled was that its commercial crime was really hammered. The consultant hired by the commercial crime investigation bureau from Gaoyi kept checking the accounts of Hang Lung Bank for reference in the takeover regulations of Hang Lung Bank being prepared.
The progress of Financial Secretary Chris Pang was equally smooth. After hearing the report, deputy secretary Xia Dingji and governor Youde dared not neglect it and immediately convened a meeting of the Legislative Council.
For quite a long time after Xiangjiang was colonized, the Legislative Council was more like a decoration, far less powerful than the Executive Council. Of course, now Britain has begun to mix sand through the Legislative Council, and its status has been continuously improved.
However, this legislative council meeting, as in the past, has gone through a formality, mainly to call on the exchange fund and find support that can withstand external discussions.
In the middle of the night, the Legislative Council Chamber of the Hong Kong government, located at the north end of the central government offices on lower Albert Road, central, Hong Kong Island, is brightly lit. Members are listening to the second reading of the Hang Lung Bank takeover Ordinance 1982 by the financial secretary, Mr Patrick Pang, in accordance with the work flow of the Legislative Council.
To put it simply, members of the Legislative Council of the Hong Kong government have expressed their opposition to Huifeng's abandonment and forcing the Hong Kong government to use the exchange fund to take over Hang Lung Bank. For example, they believe that this move is contrary to the long-standing tradition of non intervention pursued by the government; Another example is that the exchange fund should not be so abused, and so on.
In short, a debate is indispensable, and I don't know if it will take too long, or even refuse to pass the regulations on the takeover of Hang Lung Bank, which will eventually lead to the crisis of Xiangjiang banking industry.
During the second reading of the Hang Lung Bank takeover Ordinance by the financial secretary, Peng Lizhi, a staff member handed over a thin document, which caused him to pause a little, glance a few times, and then frown.
After the second reading of the takeover ordinance of Hang Lung Bank, the financial secretary, Mr Patrick Pang, picked up the document and added: "members, the Commercial Crime Bureau searched the headquarters of Hang Lung Bank. According to the latest preliminary results of account review, the deposit balance of Hang Lung Bank is negative and should not be less than HK $300 million."
Legislators who had planned to express their views and make a long speech suddenly burst into an uproar that Hang Lung Bank was so rotten!
Financial Secretary Peng Lizhi shook the document in his hand and continued: "at the same time, more than 250 million Hong Kong dollars were loaned by the directors of Hang Lung Bank and its affiliates for many times with unreasonable very low mortgage."
"In addition, Hang Lung Bank deliberately covered up the bad debt of HK $800 million lent to Dalai financial credit company, which has been liquidated."
Speaking of this, the financial secretary, Mr Patrick Pang, put down his paper and concluded: "members, various evidences show that the problem of Hang Lung Bank is not simply poor management, but mixed with a large number of commercial crimes."
"Therefore, only when Zhengfu comes forward immediately to take over Hang Lung Bank, which is in fact in trouble, can we most effectively deal with the Hang Lung Bank Crisis and avoid the impact on the whole banking industry."
Obviously, members were greatly shocked, and the focus of the debate was not whether the Hong Kong government should personally end up taking over Hang Lung Bank, but more specifically how to deal with Hang Lung Bank.
Among them, the Hong Kong government can not take over Hang Lung Bank all the time.
The answer given by financial secretary Peng Lizhi is that after the Hang Lung Bank has been reorganized and turned from loss to profit, the Zhengfu will hand it over to the market in an appropriate way.
……
Similarly, in the central government offices, in the Executive Council office building in the east block, Gao Xian is also busy. He and Shen Bi are preparing to set up a new board of directors of Hang Lung Bank.
Although Huifeng has given up, Shen Bi can't really be "selfish" in the end. He still has to do his minimum obligations.
The members of the board of directors of new Hang Lung Bank are from the financial secretary of the Hong Kong government, Huifeng bank and Yili bank. Naturally, the financial secretary of the Hong Kong government is the first. As for the general manager of the new Hang Lung Bank, Huifeng bank will appoint someone from the credit department.
The reason why favorable banks participate in cleaning up the mess of Hang Lung Bank is not to make visible income. Besides, Hang Lung Bank is rotten like this. Where can there be money to make, but to pay attention to the qualification of "talking".
In fact, this qualification to participate in "words and things" is not available to anyone who wants it.
Although Shen Bi and Gao Xian did not mention it very tacitly, Gao Xian took a clear stand on Huifeng's side and supported the Hong Kong government to take over Hang Lung Bank, Shen bi was quite grateful. As a small reward, he suggested that the bank should join the new board of directors of Hang Lung Bank.
These people, led by Shen Bi and Gao Xian, are discussing the specific operating regulations of Hang Lung Bank after it is fully taken over by the Hong Kong government. The person responsible for observing the progress in the Legislative Council Chamber of the Hong Kong government reports that the financial secretary Peng Lizhi has read the Hang Lung Bank takeover Ordinance 1982 for the third time and passed it.
It has to be said that this efficiency can be called fire speed. Although Gao Xian and Shen Bi thought that the progress of this matter should be fast, they were slightly surprised.
After a while, the financial secretary, Mr Patrick Pang, personally came with the final version of the Hang Lung Bank takeover Ordinance, which was passed on the third reading.
Gao Xian glanced quickly and found that there was little change on the whole. For example, in order to save Hang Lung Bank, the Hong Kong government immediately injected HK $300 million into Hang Lung Bank through foreign exchange funds.
Seeing Shen Bi and Gao Xian sitting down in person, financial secretary Peng Lizhi was very satisfied with the arrangement of the Hong Kong government's comprehensive takeover of Hang Lung Bank. His previous suffocation was basically relieved.
To put it bluntly, the result that the Hong Kong government pays and the banking sector produces professionals has become a fait accompli. It is meaningless to tangle again.
Financial Secretary Peng Lizhi said: "the crisis of Hang Lung Bank has been eliminated. By the way, there is still a press conference tomorrow, but it is already a minor matter."
Everyone echoed and said yes, while Gao Xian muttered in his heart that the heat is not enough. It's not over. It's good for the bank to take office as its first chairman of Xiangjiang Bank Association. It needs a lower starting point. Otherwise, how can it show that it can turn the tide when it is ordered to be in danger!
……
In the past few days, a press conference of Hang Lung Bank shocked the whole territory. The Hong Kong government has taken over Hang Lung Bank in an all-round way with lightning speed.
With the progress of time, various details have emerged one after another. The board of directors of the old Hang Lung Bank has been terminated, and the holding company of Hang Lung Bank, the unified institution, has been delisted and liquidated. It is not difficult to imagine how serious the problems are!
Fortunately, the depositors of Hang Lung Bank did not have time to panic, and there is no need to panic now. After all, the Hong Kong government has come forward to reveal the bottom of Hang Lung Bank.
Various media praised the Hong Kong government for its decisive action and timely disposal of Hang Lung Bank. After avoiding the banking crisis, they lamented one after another. The world was really difficult in the second half of 1982. The Jianing fraud, the stock market plummeted, the real estate industry collapsed, and the Hang Lung banking crisis one after another. Fortunately, this year is almost over, I hope everything will be better next year.
After Gao Xian noticed this mood in the media, he secretly disdained that the boil was not only Jianing group and Hang Lung Bank. The operation is not over yet!
The reason why Hang Lung Bank was so impolitely and quickly controlled was that its commercial crime was really hammered. The consultant hired by the commercial crime investigation bureau from Gaoyi kept checking the accounts of Hang Lung Bank for reference in the takeover regulations of Hang Lung Bank being prepared.The progress of Financial Secretary Chris Pang was equally smooth. After hearing the report, deputy secretary Xia Dingji and governor Youde dared not neglect it and immediately convened a meeting of the Legislative Council.For quite a long time after Xiangjiang was colonized, the Legislative Council was more like a decoration, far less powerful than the Executive Council. Of course, now Britain has begun to mix sand through the Legislative Council, and its status has been continuously improved.However, this legislative council meeting, as in the past, has gone through a formality, mainly to call on the exchange fund and find support that can withstand external discussions.In the middle of the night, the Legislative Council Chamber of the Hong Kong government, located at the north end of the central government offices on lower Albert Road, central, Hong Kong Island, is brightly lit. Members are listening to the second reading of the Hang Lung Bank takeover Ordinance 1982 by the financial secretary, Mr Patrick Pang, in accordance with the work flow of the Legislative Council.To put it simply, members of the Legislative Council of the Hong Kong government have expressed their opposition to Huifeng's abandonment and forcing the Hong Kong government to use the exchange fund to take over Hang Lung Bank. For example, they believe that this move is contrary to the long-standing tradition of non intervention pursued by the government; Another example is that the exchange fund should not be so abused, and so on.In short, a debate is indispensable, and I don't know if it will take too long, or even refuse to pass the regulations on the takeover of Hang Lung Bank, which will eventually lead to the crisis of Xiangjiang banking industry.During the second reading of the Hang Lung Bank takeover Ordinance by the financial secretary, Peng Lizhi, a staff member handed over a thin document, which caused him to pause a little, glance a few times, and then frown.After the second reading of the takeover ordinance of Hang Lung Bank, the financial secretary, Mr Patrick Pang, picked up the document and added: "members, the Commercial Crime Bureau searched the headquarters of Hang Lung Bank. According to the latest preliminary results of account review, the deposit balance of Hang Lung Bank is negative and should not be less than HK $300 million."Legislators who had planned to express their views and make a long speech suddenly burst into an uproar that Hang Lung Bank was so rotten!Financial Secretary Peng Lizhi shook the document in his hand and continued: "at the same time, more than 250 million Hong Kong dollars were loaned by the directors of Hang Lung Bank and its affiliates for many times with unreasonable very low mortgage.""In addition, Hang Lung Bank deliberately covered up the bad debt of HK $800 million lent to Dalai financial credit company, which has been liquidated."Speaking of this, the financial secretary, Mr Patrick Pang, put down his paper and concluded: "members, various evidences show that the problem of Hang Lung Bank is not simply poor management, but mixed with a large number of commercial crimes.""Therefore, only when Zhengfu comes forward immediately to take over Hang Lung Bank, which is in fact in trouble, can we most effectively deal with the Hang Lung Bank Crisis and avoid the impact on the whole banking industry."Obviously, members were greatly shocked, and the focus of the debate was not whether the Hong Kong government should personally end up taking over Hang Lung Bank, but more specifically how to deal with Hang Lung Bank.Among them, the Hong Kong government can not take over Hang Lung Bank all the time.The answer given by financial secretary Peng Lizhi is that after the Hang Lung Bank has been reorganized and turned from loss to profit, the Zhengfu will hand it over to the market in an appropriate way.Similarly, in the central government offices, in the Executive Council office building in the east block, Gao Xian is also busy. He and Shen Bi are preparing to set up a new board of directors of Hang Lung Bank.Although Huifeng has given up, Shen Bi can't really be "selfish" in the end. He still has to do his minimum obligations.The members of the board of directors of new Hang Lung Bank are from the financial secretary of the Hong Kong government, Huifeng bank and Yili bank. Naturally, the financial secretary of the Hong Kong government is the first. As for the general manager of the new Hang Lung Bank, Huifeng bank will appoint someone from the credit department.The reason why favorable banks participate in cleaning up the mess of Hang Lung Bank is not to make visible income. Besides, Hang Lung Bank is rotten like this. Where can there be money to make, but to pay attention to the qualification of "talking".In fact, this qualification to participate in "words and things" is not available to anyone who wants it.Although Shen Bi and Gao Xian did not mention it very tacitly, Gao Xian took a clear stand on Huifeng's side and supported the Hong Kong government to take over Hang Lung Bank, Shen bi was quite grateful. As a small reward, he suggested that the bank should join the new board of directors of Hang Lung Bank.These people, led by Shen Bi and Gao Xian, are discussing the specific operating regulations of Hang Lung Bank after it is fully taken over by the Hong Kong government. The person responsible for observing the progress in the Legislative Council Chamber of the Hong Kong government reports that the financial secretary Peng Lizhi has read the Hang Lung Bank takeover Ordinance 1982 for the third time and passed it.It has to be said that this efficiency can be called fire speed. Although Gao Xian and Shen Bi thought that the progress of this matter should be fast, they were slightly surprised.After a while, the financial secretary, Mr Patrick Pang, personally came with the final version of the Hang Lung Bank takeover Ordinance, which was passed on the third reading.Gao Xian glanced quickly and found that there was little change on the whole. For example, in order to save Hang Lung Bank, the Hong Kong government immediately injected HK $300 million into Hang Lung Bank through foreign exchange funds.Seeing Shen Bi and Gao Xian sitting down in person, financial secretary Peng Lizhi was very satisfied with the arrangement of the Hong Kong government's comprehensive takeover of Hang Lung Bank. His previous suffocation was basically relieved.To put it bluntly, the result that the Hong Kong government pays and the banking sector produces professionals has become a fait accompli. It is meaningless to tangle again.Financial Secretary Peng Lizhi said: "the crisis of Hang Lung Bank has been eliminated. By the way, there is still a press conference tomorrow, but it is already a minor matter."Everyone echoed and said yes, while Gao Xian muttered in his heart that the heat is not enough. It's not over. It's good for the bank to take office as its first chairman of Xiangjiang Bank Association. It needs a lower starting point. Otherwise, how can it show that it can turn the tide when it is ordered to be in danger!In the past few days, a press conference of Hang Lung Bank shocked the whole territory. The Hong Kong government has taken over Hang Lung Bank in an all-round way with lightning speed.With the progress of time, various details have emerged one after another. The board of directors of the old Hang Lung Bank has been terminated, and the holding company of Hang Lung Bank, the unified institution, has been delisted and liquidated. It is not difficult to imagine how serious the problems are!Fortunately, the depositors of Hang Lung Bank did not have time to panic, and there is no need to panic now. After all, the Hong Kong government has come forward to reveal the bottom of Hang Lung Bank.Various media praised the Hong Kong government for its decisive action and timely disposal of Hang Lung Bank. After avoiding the banking crisis, they lamented one after another. The world was really difficult in the second half of 1982. The Jianing fraud, the stock market plummeted, the real estate industry collapsed, and the Hang Lung banking crisis one after another. Fortunately, this year is almost over, I hope everything will be better next year.After Gao Xian noticed this mood in the media, he secretly disdained that the boil was not only Jianing group and Hang Lung Bank. The operation is not over yet!
