As the variable of oneself exerts more and more influence, especially in Xiangjiang as the base camp, which can be described as increasingly critical, then the specific direction of the general trend will inevitably be subtly different.

Gao Xian, who knew this well, had to pay attention to the latest developments reported by his carefully constructed intelligence network.

This time, the banking department of the Hong Kong Exchange Fund Administration convened the Financial Secretary of the Hong Kong Government and the Management Committee of the Hong Kong Banking Association to study on a small scale the major insolvency risks of two Chinese-owned banks that have been gradually exposed in the Hong Kong banking industry recently.

After Sir Gao nodded slightly, Li Guobao, the vice president of the Hong Kong Exchange Fund Administration in charge of banking business, stepped into the topic and first mentioned the situation of Conian Bank.

Objectively speaking, the insolvency problem of Conian Bank is relatively straightforward. There are not so many twists and turns. It is just that the style is old-school and the operation cannot keep up with the situation. The loan business is abnormally concentrated in the shipping industry, catching up with the global shipping recession.

In the general situation, a shipping loan of up to 160 million yuan was unable to be repaid, resulting in extremely serious bad debts, and the annual loss of Conian Bank was nearly 100 million yuan, which was no different for a small bank with only four branches.

In the face of catastrophe.

Qin Zixin, who was sitting next to him, could clearly feel that regarding the insolvency problem of Conian Bank, the atmosphere at the scene was relatively dull, and it was just a matter of following the established procedures. After all, Conian Bank was quite honest, and the scale of Conian Bank was limited. To put it bluntly,

Well, if it were solved by Gaoyi's acquisition, Gaoyi wouldn't feel any pressure.

But when it came to the insolvency issue of K. Wah Bank, Sir Gao's face turned gloomy and he said unceremoniously that Liu Cansong really had a bad conscience. If he hadn't received the news from Singapore, Hong Kong would not be here.

I wonder when it will take until we know how serious the situation at Ka Wah Bank is.

At least until now, there are still a large number of Chinese-owned banks in Hong Kong, and many of them have quite a history. K. Wah Bank is one of them, founded in 1922 by celebrity Lin Zifeng.

However, after Lin Zifeng passed away in 1971, the descendants of the Lin family had no intention of taking care of K. Wah Bank, so the control of K. Wah Bank fell into the hands of the Liu Cansong family, and it was also listed on the stock market.

It has become one of the listed banks with the fastest growth in assets and profits.

Liu Cansong is from Singapore. It is not difficult to imagine that under his control, areas such as Singapore and Malaya have become the key markets of K. Wah Bank, resulting in many parts of the business being "out of reach" and not so "transparent".

And here lies the problem.

The specific process is related to the political life of internal and external struggles in Malayan Chinese society. The depth of the water is certain. In order not to offend the god of harmony, I will only explain it along a simple line.

There is an organization in Malaya that represents the political interests of the Chinese people called the MCA. Its president, Chen Qunchuan, is a capable man. He once established a savings investment cooperative plan to increase the capital gains of the Chinese people in Malaya through investment. However, in that complex situation

In this environment, it is inevitable to end badly.

This incident did not bring down Chen Qunchuan, but the collapse of Pandian Industrial Group, of which he was the major shareholder, dealt him a fatal blow.

Pan Electric Industrial Group, headquartered in Singapore, went bankrupt. The impact was so great that it forced the stock exchanges in Singapore and Malaya to suspend operations for three days, making it the largest bankruptcy case in Singapore. Chen Qunchuan was then charged with breach of trust.

In addition to resigning as president of the MCA, he also faces jail time.

Obviously, the bankruptcy of Fandian Industrial Group caused a huge amount of wealth to evaporate in an instant. Liu Cansong, through K. Wah Bank, loaned a total of HK$1.5 billion to Fandian Industrial Group and Chen Qunchuan, which is approximately equivalent to half of K. Wah Bank’s lending capacity.

Ka Wah Bank's announced liquidity and reserves are only HK$550 million. The fate of Ka Wah Bank is self-evident.

After the news was reported, the Banking Supervision Commissioner of the Financial Secretary of the Hong Kong Government and the Hong Kong Banking Association Management Committee could not help but look at each other and started talking about it. After the problems of K. Wah Bank were further disclosed, a run would definitely occur. However, in Hong Kong,

We have accumulated rich experience in dealing with banking crises and have ready-made response plans for reference.

The statement made by the representative of Huifeng Bank is very thought-provoking. What he said is that if the problem of Ka Wah Bank is really so serious after it is confirmed, there is indeed a risk of triggering a crisis in the entire banking industry, and it must be dealt with as soon as possible. Fortunately, the Exchange Fund has sufficient surplus.

, enough to ensure the stability of Hong Kong’s banking industry.

Sir Gao must be disgusted with this tone. The surplus of the Exchange Fund was saved by himself with all his efforts. Even if he is now the lender of last resort for Hong Kong's banking industry and has to bail out troubled banks, he cannot withstand the scourge of Ka Wah Bank and others.

"Hong Kong's banking industry cannot have another global crisis! The State Administration of Foreign Exchange is indeed unshirkable in this regard." After Gao Xian clearly stated his attitude, he changed the subject. However, have you ever thought about it?

How long has it been since the overall crisis in Hong Kong's banking industry has passed? The banking regulatory system I proposed featuring capital adequacy ratio indicators has been fully adopted, but why does a bad situation like Ka Wah Bank still occur?

The reason is that there are still loopholes in the banking supervision system in Hong Kong. We can no longer stand still and must promote reform!

Having said this, Gao Xian waved his hand, and Qin Zixin quickly distributed the research report he had prepared on the flood of financial products in Xiangjiang and the disgraceful role played by some banks.

Everyone present is a top-notch person. The Financial Secretary of the Hong Kong Government and the Hong Kong Banking Association Management Committee have all made up their minds. It seems that Sir Gao is going to use K. Wah Bank to make an excuse, and the Hong Kong Exchange Fund Authority will take over.

Is Hong Kong’s banking regulatory authority about to enter a new stage of substantial promotion?

Among the three parties present, the person in charge of the Hong Kong Exchange Fund Administration was sitting at the main seat, but the Financial Secretary of the Hong Kong Government and the head of Hui Feng Bank, the rotating chairman of the Hong Kong Banking Association, were not present. Zhai Kecheng went on vacation, Hui Feng Taipan Pu Weishi

I went to London to work on a yet-unfinished "return to my hometown" plan, so I couldn't make a final decision yet.

However, this does not prevent all parties from taking immediate actions within their powers after the meeting, including going to Ka Wah Bank for an audit, etc.

After Huifeng Taipanpu Weishi received the report from his subordinates from Xiangjiang, he sneered softly and used the topic as an excuse? Continue to delay, my "return to hometown" plan has never found the ideal footing, how can I hand over the power?
Chapter completed!