...

As the bidding conference approaches, more and more details are disclosed.

For example, this bidding conference is a ten-year Hong Kong dollar issuance right. The winning bidder has the right to issue Hong Kong dollars in this ten years and is no longer nearly permanent as before.

There are actually two benefits of doing this, one is that it can increase revenue for the Hong Kong government. After all, the Hong Kong dollar issuance rights are rare, and many banks want to own it, so they are willing to pay a high price to obtain this privilege.

Second, the right to issue currency issuance is bidding once every ten years, no longer limited to a few specific banks, but is also conducive to the development of Hong Kong's financial industry. After all, competition is only dynamic.

Previously, the Hong Kong dollar issuance rights were only owned by Standard Chartered and the two banks of Huizhou. No matter how hard other banks work, they cannot get involved. However, Standard Chartered and Huizhou are not afraid of being deprived of their privileges. This has led to the fact that Standard Chartered and Huizhou have always been the unmoved overlords in the Hong Kong banking industry, and they cannot be punished for violations many times, and it is difficult for other banks to compete with them.

But now the Hong Kong dollar issuance right is bidding every ten years. Once the banks that obtain the privilege violate the rules, they may be denied the Hong Kong dollar issuance right. And banks that have repeatedly violated the rules will also be denied the new round of bidding. In this way, banks must abide by the rules and cannot act as willful as before.

...

But for summer and banks, it is not so wonderful to change the Hong Kong dollar issuance rights to ten years.

After all, the change to a ten-year term of Hong Kong dollar issuance not only indicates competition every ten years and huge bidding fees every ten years, but also indicates that they have been put on a tight curse within these ten years and cannot do any violations.

For banks, violations are inevitable. Because shopping malls are like battlefields, with changing circumstances and winning battles, how can they be bound by rules and regulations? Those who should take advantage of loopholes must take advantage of loopholes, and those who should violate the rules must violate the rules.

The reason why Midea Wall Street returns will cause so many chaos, such as the Asian financial crisis, subprime mortgage crisis, stock market crashes over the years, etc., is because they keep taking advantage of loopholes and violations of regulations.

Although the rebirth has caused great consequences, they are still happy because doing so can bring them huge wealth. As for the possible consequences, to borrow the words of the Roman tyrant Nero, after I die, I will not care about the flood!

Violations in the Hong Kong banking industry are also very common. For example, this time, Standard Chartered and Baotong issued 260 billion Hong Kong dollars loans to Li Jiacheng and others without any collateral, which actually violated the relevant risk control regulations.

In summer, Tianxia Finance actually does a lot of things that are wandering on the vague edge. After all, horses do not eat night grass and do not have to be rich, and people do not have to be rich at night. If they only know how to follow the rules, it will be difficult to make a fortune.

Therefore, this regulation is also a constraint for him.

...

However, although all the companies expressed dissatisfaction with these regulations, they had no choice but to accept them because they could not change them. After all, their arms could not be distorted. How could they not bow their heads under the low eaves?

Fortunately, these regulations are targeted at everyone, not on purpose, so the complaints from each company are not that big. Moreover, the day of the bidding conference is getting closer, so instead of complaining about these, it is better to prepare quickly.

All banks are busy increasing capital, relocating, joining Zong and Lianheng, hoping to win the championship in this bidding meeting.

Compared to them, Xia Tian’s attitude is much calmer.

Because Tianxia Finance has capital and strength, no matter how hard these banks make, it is difficult to compete with it.

But Xia Tian is also a little more careful, that is, some people take the opportunity to raise prices randomly, which will cause world finance to suffer a big loss.

This phenomenon has occurred in previous auctions and bidding meetings, and is very common.

Some bidders know that they have no strength to win the election and know that the subject matter is very popular, so they deliberately raise the price when bidding, so that other bidders must spend more money to successfully bid.

The Hong Kong dollar issuance right this time is undoubtedly extremely popular. No bank does not want to get it, and Xia Tian has regarded it as a treasure.

Therefore, at this time, there will definitely be bidders deliberately raising the price. In this way, even if they can obtain the Hong Kong dollar issuance rights in the summer, they will pay a high price.

Therefore, these days of summer seem to be leisurely, but in fact he is already considering the issue of gains and losses.

The Hong Kong dollar issuance right is indeed very important to him, and he really wants it very much. However, then again, if he is let to be the sucker, he is actually unwilling to do so.

What's more, even if Tianxia Finance does not have the right to issue Hong Kong dollars, it is still the most powerful bank in Hong Kong. On the contrary, even if other banks obtain the right to issue Hong Kong dollars, it is difficult for them to compete with Tianxia Finance.

Therefore, the Hong Kong dollar issuance rights are important but not indispensable for summer!

After recognizing this fact, Xia Tian naturally gained a sense of its price. If the price is too high by some people, he can choose to not.

...

November 5th.

The bidding conference for Hong Kong dollar issuance rights was officially held in Hong Kong.

Xia Tian did not attend in person because there were some people he didn't want to see at the bidding conference.

Rather than being upset when they see them, it is better to stay at home with their wives and children.

Anyway, communication is so developed now that he can still control the command while sitting at home.

"Mr. Xia, almost all major banks in Hong Kong have arrived today." Kang Hongbin reported to him.

This bid for the Hong Kong dollar issuance rights is the first time since the opening of Hong Kong. Many banks have sent people to participate in this event even if they are not qualified to participate in the bidding.

The scene even brought together media from all over the world, with long guns and short cannons, which was quite serious, which showed that they all wanted to grab big news.

"Don't worry about them, we just need to take care of us." Xia Tian nodded.

"Yes, Mr. Xia." Kang Hongbin responded, then found a seat and sat down.

Half an hour later, the bidding conference officially began.

The bidding conference is headed by the Hong Kong Authority, assisted by Christie's Auction Company in Hong Kong, and participated by various banks across Hong Kong to compete for the Hong Kong dollar issuance rights.

After the conference began, the Director of the Administration first spoke and introduced the right to issue the Hong Kong dollar, its power, obligations, precautions, etc.

After he finished speaking, the bidding officially began.

The Hong Kong dollar issuance rights are ten years, with a reserve price of HK$1 billion. This price is not high.

Over the years, Standard Chartered has made money with this privilege, so one billion is definitely not a big deal, and it is only 100 million Hong Kong dollars a year on average.

Therefore, after the auction began, banks enthusiastically bid for the auction, and it had already risen to 3 billion Hong Kong dollars in a few rounds.
Chapter completed!