Liao
PEH
I would like to offer you a warm welcome.
We are very honoured to have a meeting with you.
Liao
I hope you have a pleasant stay in China.
PEH
This is my first rrip to Beijing.
Liao
You must come often in future.
PEH
I visited the Great Wall and climbed up to the fourth
tower. Also I have been to the Imperial Palace and was very impressed by your treasures.
Liao
Yes, we have many old treasures and a lot to see.
PEH
Liao
PEH
Q W Lee and myself don't come often enough to China.
We thought we ought to take this opportunity to call on you to explain about Wayfoong and the Hang Seng Bank.
Good, I would like to hear.
the
Many people misunderstand role of HSBC. Many people think HSBC is a Government Bank and a Central Bank. I
have to explain that we are a commercial bank although, fortunately, one of our best customers is the Hong Kong
Government. We operate in 50 countries as a commercial bank. One of our best friends is the Bank of China. The Government and HSBC in Hong Kong is like an uncle and nephew. Sometimes the uncle advises the nephew on what to do. More often than not the nephew does it, but sometimes the nephew ignores the advice. It is a natural and comfortable relationship.
Sometimes HSBC appears to act as if it is a Central
If the Hong Kong economy runs into difficulties
Bank.