Chapter 745 Active Non-Intervention Policy!

Governor's Office in Hong Kong.

Governor MacLehose, Chief Secretary Edward Youde, and even important personnel from various departments such as the Financial Secretary are meeting in secret.

Last night, the Overseas Trust Bank was investigated by ICAC because its chairman Huang Changzan turned himself in to the police, which immediately triggered the debt problem of Chinese banks in Hong Kong again.

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

MacLehose and Edward Youde have different management methods.

Historically, in the 1960s, the Chinese bank crisis broke out in Hong Kong. At that time, Governor Robert Black, Financial Secretary Clifford, and later Hartung proposed a policy of active non-intervention.

Active, but not intervening, but letting it develop freely.

In the 1960s, the Chinese bank crisis broke out in Hong Kong. On the surface, the Governor's Office did not intervene. In fact, it was the Bank of Hong Kong and the Bank of Hong Kong that helped those Chinese banks to overcome the difficulties, and also took the opportunity to acquire and control some Chinese banks.

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

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

In history, when the Chinese bank crisis broke out in Hong Kong in the 1980s, he proposed to take over the Chinese banks that broke out in the crisis immediately.

This also led to the fact that Hang Lung Bank, Overseas Trust Bank, Ka Wah Bank, etc. were taken over by the Governor's Office one after another, and when they returned to normal, they were sold to other financial groups by the Governor's Office.

In other words, MacLehose and Jude's methods of handling this person are still somewhat different.

What MacLehose is worried about now is that the debt crisis of Chinese banks in Hong Kong is mostly related to the current plunge in 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 view, now that these problems have arisen, we should seek help from Sir Yang of the Empire Group.

Jude thinks that we should seek help from London immediately.

While MacLehose and Jude were still discussing, there was a knock on the door.

MacLehose's secretary went to open the door.

Someone came in and said, "Mr. Governor, the Empire Group just announced that it would spend HK$1 billion to acquire the Overseas Trust Bank, and in addition, it would inject HK$5 billion into the Overseas Trust Bank."

This news came too timely.

Mailie was shocked.

Ed was even more shocked.

The two were discussing how to solve the crisis of Chinese banks that had erupted this time. The Empire Group had already taken action, and it was actually using 6 billion Hong Kong dollars to save the Overseas Trust Bank.

It actually used 6 billion Hong Kong dollars!

This big deal shocked Ed again.

"Did Sir Yang's Empire Group really acquire the Overseas Trust Bank?" Mailie stood up and asked.

"Yes, Mr. Governor."

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

Mailie was very happy.

Ed looked a little complicated.

He felt that the authority of the Governor's Office seemed to have been replaced by the Empire Group. How could he be happy?

This time, they didn't know that the Empire Group had taken action to acquire the Overseas Trust Bank.

Just like the Empire Group's rapid acquisition of Hang Lung Bank a few days ago.

In other words, Sir Yang didn't notify them at all.

Now it is a commercial behavior. In the absence of the intervention of the Governor's Office, it is actually the active non-intervention policy proposed by the Governor's Office in the 1960s.

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

"It seems that we still have to rely on the Empire Group and Sir Yang. Please invite Sir Yang to the Governor's Office for me."

"Yes, Mr. Governor."

. . .

The Empire Group meeting room is still conducting interviews with reporters.

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

When Lin Xiuzhi went to make a cup of coffee for the boss, Yang Ming's eyes were always looking outside.

After a while.

Lin Xiuzhi made coffee.

The landline phone on the desk rang.

"Boss, it's the housekeeper who called and said that Governor Mr. Mai Lihao invited you to the Governor's Office."

Mai Lihao invited him to the Governor's Office?

Now Mai Lihao reacted.

"Then we'll go later."

Yang Ming sat down.

He seemed very relaxed.

Yang Ming was drinking the cup of coffee there.

Half an hour later.

Yang Ming and Lin Xiuzhi left the chairman's office, got on the car, left here and went to the Governor's Mansion.

At this time.

Governor MacLehose and Chief Secretary John Edwards had been waiting for Sir Yang's arrival.

For nearly an hour.

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

Yang Ming got out of the car, and MacLehose and John Edwards came out to greet him.

"Hello, Sir Yang."

"Mr. Governor, Mr. John Edwards, Hello."

Yang Ming shook hands with them respectively.

Go inside the Governor's Mansion.

MacLehose first talked to Yang Ming alone in the study.

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

John Edwards proposed to take over the Chinese banks that might be in crisis as soon as possible after passing the Legislative Council meeting.

Yang Ming smiled.

It seems that white people are really different.

One thing on the surface, another thing when doing things.

If it really happened as in history, and Youde replaced MacLehose, without Yang Ming, Youde would really take over Hang Lung Bank, Overseas Trust Bank, etc., and then sell them to Malaysia's Guoco Group.

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 Palace 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 solved easily. The longer the delay, the greater the impact on the economy of Hong Kong. "

Mailihao 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.

In addition to being surprised, Mailihao was relieved.

The two of them finished talking.

Coming out of the study, Yang Ming looked at Jude who looked very pale outside. He suddenly understood why he didn't like this person.

Mailihao and Youde sent Yang Ming out in person.

I saw Sir Yang walking to the Rolls-Royce and leaving in the car.

Maliho and Jude returned to the office.

"Mr. Governor, don't you know what Sir Yang means?"

"Sir Yang believes that Hong Kong has been able to develop to this day precisely because of the active non-intervention policy. If we change it rashly, it will have a great impact on Hong Kong's economy."

Now that Mailihao is in front of Jude, he wants to reiterate again that Xiangjiang still adopts a policy of active non-intervention.

Whether it is the current debt crisis of Chinese-owned banks in Hong Kong or the real estate crisis in Hong Kong, the Governor-General will try his best not to interfere if he can.

Chapter One!

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