Chapter 745 Active non-intervention policy!

Author: The creeper on the fence

Chapter 745 Active non-intervention policy!

Governor's Palace of Hong Kong.

Governor Maliho, Chief Secretary Jude, and even the Financial Secretary and other important personnel from various departments were meeting in secret.

Last night, Overseas Trust Bank was investigated by ICAC because Chairman Huang Changzan surrendered to the police, which immediately triggered the debt problem of Xiangjiang Chinese Bank again.

Faced with these problems, Maliho didn't know what to do for a while.

The management methods of Meris and Jude are different.

Historically, when the Chinese-owned bank crisis broke out in Hong Kong in the 1960s, the Governor-General Robert B. Robertson, the Financial Secretary Guo Bowei, and later Xia Dingji proposed a policy of active non-intervention.

Be proactive, but do not interfere, but instead allow development to develop freely.

When the Chinese-owned bank crisis broke out in Hong Kong in the 1960s, on the surface the Governor-General's Office did not intervene. In fact, it was Huifeng Bank and Zhata Bank that stepped in to help those Chinese-owned banks tide over the difficulties, and also took the opportunity to acquire and control some Chinese-owned banks.

.

Until the MacLehose era in history, MacLehose and Xia Dingji pursued this policy of active non-intervention.

However, after Jude came to power, Jude and Maliho were completely different.

Historically, when the Chinese-owned bank crisis broke out in Hong Kong in the 1980s, his proposed approach was to immediately take over the Chinese-owned bank that was in crisis.

This also led to the history of Hang Lung Bank, Overseas Trust Bank, Ka Wah Bank, etc. being taken over by the Governor's Office. After returning to normal, they were sold to other consortiums by the Governor's Office.

In other words, there are still some differences in the ways in which Mailihao and Jude are dealt with.

Now, MacLehose's headache is that the debt crisis of Chinese-owned banks in Hong Kong is mostly related to the current plummeting of the real estate industry in Hong Kong.

In other words, the most important industries in Hong Kong, including real estate, finance, etc., have been greatly affected, and have affected all walks of life in Hong Kong.

In MacLehose's opinion, if these problems arise now, Sir Yang of the Imperial Group should be turned to for help.

Jude felt that he should seek help from London immediately.

While Mailihao, Jude and others were still discussing, there was a sudden knock on the door.

Maliho's secretary went to open the door.

Someone came in and said: "Mr. Governor, the Empire Group just announced that it will spend 1 billion Hong Kong dollars to acquire Overseas Trust Bank. In addition, it will also inject 5 billion Hong Kong dollars into Overseas Trust Bank."

This news comes at the right time.

Mailihao was shocked.

Jude was even more shocked.

The two men were discussing how to solve the Chinese-owned bank crisis that broke out this time. The Imperial Group had already taken action, and it was better to spend HK$6 billion in real money to save Overseas Trust Bank.

Actually spent 6 billion Hong Kong dollars!

This generosity shocked Jude again.

"Did Sir Yang's Imperial Group really acquire Overseas Trust Bank?" MacLehose stood up and asked.

"Yes, Mr. Governor."

"It seems that the Imperial Group has solved this problem."

Maliho was very happy.

Jude looked a little complicated.

He felt as if the powers of the Governor's Palace had been replaced by the imperial group. How could he be happy?

This time the Imperial Group made a move to acquire Overseas Trust Bank, and they had no idea about it.

Just like the rapid acquisition of Hang Lung Bank by Imperial Group a few days ago.

In other words, Sir Yang did not notify them at all.

Now it is a commercial behavior. Without the intervention of the Governor's Office, it actually belongs to the active non-intervention policy proposed by the Governor's Office in the 1960s.

If the market adjusts normally on its own, then there is no need for the Governor's Office to intervene, and it will actually have a greater effect on the economic development of Hong Kong.

"It seems we still have to rely on the Imperial Group and Sir Yang. You can invite Sir Yang to the Governor's Mansion for me."

"Yes, Mr. Governor."

...

Reporters are still conducting interviews in the Imperial Group conference room.

Yang Ming and Lin Xiuzhi have returned to the chairman's office.

When Lin Xiuzhi went to make a cup of coffee for her boss, Yang Ming kept looking outside.

After a while.

Lin Xiuzhi made coffee.

The landline phone on the table rang.

"Boss, it's the call from the housekeeper, saying that the Governor, Mr. Maliho, has invited you to go to the Government House."

MacLehose invited him to the Government House?

Only now did Mailihao react.

"Then we'll go there later."

Yang Ming sat down.

He seemed very relaxed.

Yang Ming was there drinking that cup of coffee.

Half an hour later.

Yang Ming and Lin Xiuzhi left the chairman's office, got into the car, and drove away from here to the Governor's Palace.

at this time.

Governor MacLehose and Chief Secretary Jude had been waiting for Sir Young's arrival.

Nearly an hour.

The two finally saw Sir Yang's Rolls-Royce car.

Yang Ming got off the car, and Mailihao and Jude had already come out to greet him.

"Hello Sir Yang."

"Hello, Mr. Governor, Mr. Jude, Chief Secretary."

Yang Ming shook hands with them respectively.

Go inside the Governor's Palace.

Melisi first chatted with Yang Ming alone in the study.

MacLehose quickly brought up the current crisis situation in the Chinese banks in Hong Kong.

Yude proposed to take over Chinese-owned banks that may be in crisis after passing the Legislative Council meeting as soon as possible.

Yang Ming smiled.

It seems that white people are really different.

One thing on the surface, but another in action.

If it is true that as in history, Jude took over the position of MacLehose, without Yang Ming, Jude really took over Hang Lung Bank, Overseas Trust Bank, etc., and then sold them to Guoco Group of Malaysia.

.

Now that Yang Ming has appeared, how could he sell the Chinese bank in Xiangjiang to the wealthy businessmen in Nanyang?

"Mr. MacLehose, I wonder what your views are on the policy of active non-intervention?"

Active non-intervention policy?

When Mai Lihao heard Sir Yang say that, he suddenly came to his senses.

Since the 1960s, hasn’t this been how Hong Kong has implemented free economic development?

If we really take over the Chinese-owned banks that are currently in debt through the Governor's Office and the Legislative Council meeting like Jude did, it will inevitably affect the development of Hong Kong's free economy.

"Sir Yang, thank you for reminding me. I understand."

"Mr. Mai Lihao, the debt crisis of the Chinese banks in Hong Kong is not terrible. What is terrible is that it has not been pierced. Now that it has been discovered and pierced in advance, it can be easily solved. The longer the delay, the greater the impact on the economy of Hong Kong.

"

Maliho nodded.

MacLehose learned that the Imperial Group and Sir Yang not only wanted to acquire Overseas Trust Bank, but also other Chinese-owned banks with debt problems, and there was no need for the Governor's Office to come forward.

Yang Ming reassured Mr. Mailihao that there was no need to worry about the development of Xiangjiang Finance or the emergence of the domino effect.
To be continued...