Video Game Empire

In 1984, after more than two years of wrestling, China and the UK finally issued a joint statement, deciding that China would take back Hong Kong's sovereignty on July 1, 1997.

In Cao Guangbiao's view, with the end of British rule in Hong Kong, Cathay Pacific, as the core company of the British chaebol Swire Group, will definitely be squeezed out after 1997. He can take this opportunity to set up an airline to seize power. .

Therefore, under the active encouragement and planning of Cao Guangbiao, Dragonair was formally established in July 1985. From the shareholder composition of Dragonair, it can be seen that Cao Guangbiao's abacus is very loud.

Since its inception, Dragonair has vigorously advocated the revitalization of the national aviation industry. Cao Guangbiao not only invited 30 prominent Chinese businessmen from Hong Kong to join the event, but also invited Chinese companies in Hong Kong such as Bank of China (Hong Kong) and China Merchants Group to join the event.

His original idea was to use the "political card" to deal with the British, but instead of succeeding, this plan was self-defeating and attracted fierce counterattacks from the Hong Kong and British authorities.

Less than a week after the official establishment of Dragonair, the Civil Aviation Department of the Hong Kong government suddenly promulgated supplementary regulations on aviation. The new regulations stipulate that any airline based in Hong Kong must obtain permission from the Civil Aviation Department in advance before negotiating with foreign civil aviation agencies for air transport services.

Dragonair had already leased a Boeing 737 passenger plane, and at the same time, it had also arranged charter flights with China-Civil Aviation Company in advance, and it only needed to apply for the flight route to the Hong Kong Civil Aviation Department before it could open for business.

However, the targeted patch by the Civil Aviation Department of the Hong Kong government directly disrupted the established arrangements of Cao Guangbiao and Dragonair. After that, the Civil Aviation Department of the Hong Kong government rejected Dragonair's application for opening two charter flights from Hong Kong to Beijing and Hong Kong to Shanghai.

And because Cao Guangbiao played the political card from the very beginning, the Hong Kong-British authorities also began to fight back with the Sino-British air agreement. They believe that the Chinese side not only enjoys its own rights and interests exclusively through domestic airlines, but also wants to encroach on the rights and interests that originally belonged to the British side through the Chinese-funded component of Dragonair's share capital.

Therefore, under the pressure of the Hong Kong British Civil Aviation Department, Dragonair was forced to carry out a large-scale recapitalization. All the Chinese-funded enterprises that had previously invested in the shares were withdrawn, and Bao Yugang, who had obtained British household registration for many years, was in charge of taking over. And Cao Guangbiao himself also transferred all the shares he held in Ganglong to the name of his eldest son, Cao Qiyong, who had obtained British household registration.

Dragonair, which opened with the banner of the national aviation industry, has transformed itself into a British-owned airline in less than half a year. It is ridiculous to think about it!

After completing the asset reorganization, Dragonair has finally obtained the qualification to operate scheduled flights on the same level as Cathay Pacific Airways. But instead of getting on the right track, it continued to struggle.

Because Peng Lizhi, then the financial secretary of Hong Kong, submitted a new aviation bill to the Hong Kong Legislative Council. It stipulates that a route can only be operated by one airline, and the airline that gets the route approval first will have the qualification to operate exclusively.

Dragonair has just been established, and even a single route has not yet been approved. On the other hand, Cathay Pacific has opened more than 60 golden routes from Hong Kong to major cities around the world through more than 30 years of operation.

According to the provisions of the new aviation law, Dragonair has directly lost the right to operate these golden routes, and can only apply for those remote routes that Cathay Pacific does not look down on!

According to the statistics of the international civil aviation balance of payments, it is possible to achieve profitability only if the passenger load factor of a route exceeds 50%. And Dragonair's load factor is only 36%, so it has been losing money since its establishment.

It can be said that the new aviation act created by Peng Lizhi is more appropriate to call it the "Cathay Pacific Special Protection Act"!

The Financial Secretary of Hong Kong is equivalent to the Minister of Finance in China. Why does he have the legislative qualifications? And what kind of blood feud does he have with Ganglong and Cao Guangbiao?

In colonial Hong Kong, in addition to the British Hong Kong authorities under the leadership of the Governor, there were two deliberative bodies, the Executive Council and the Legislative Council. In theory, the Legislative Council is the highest legislative body in Hong Kong.

You must know that the legislative power is a very important right in the Western democratic system. The majority party in the British Parliament is qualified to elect the Prime Minister and form a cabinet. Although the president of the United States is directly elected by the voters, the Congress has the right to impeach the president.

But in Hong Kong, this is not the case at all. The Legislative Council is just a nominal rubber stamp. First of all, whether the members of the Legislative Council are official or non-official members, they are appointed by the Governor.

That is to say, if a member of the Legislative Council is disobedient, the Governor can be replaced by someone more obedient. What is even more incredible is that even if all members of the Legislative Council are unanimously opposed, His Excellency the Governor can still formulate and promulgate bills according to his own wishes.

The Legislative Council is not even qualified to scrutinize bills, because all bills will be put to the Legislative Council for voting only after they have been examined and approved by the Executive Council. In other words, the only role of members of the Legislative Council is to raise their hands!

Those with discernment must have seen that the Executive Council, not the Legislative Council, really has some legislative functions in Hong Kong. The Legislative Council is just a cover thrown by the British, so the Governor of Hong Kong is very willing to appoint celebrities from all walks of life in Hong Kong to serve as members, so as to put a layer of democracy on their colonial rule in Hong Kong. .

In the more important Executive Council, most of the seats are directly held by senior executives of the British Hong Kong authorities. Therefore, Hong Kong's legislative power has long been firmly in the hands of a small group of senior bureaucrats from Hong Kong and Britain headed by the Hong Kong Governor.

As the Financial Secretary of Hong Kong, Pang Laizhi is the third most powerful figure in Hong Kong after the Governor and Chief Secretary. At the same time, he is also an ex officio official member of the Hong Kong Executive Council, so it is no problem to have a new aviation law.

And if you look at Peng Lizhi's past resume~www.readwn.com~, you won't be surprised at all why he wants to kill Dragonair!

Peng Lizhi joined the Swire Group as early as 1950 and was promoted several times for his outstanding work. In 1973, he finally became the chairman of the board of directors of Cathay Pacific, the most important subsidiary of the Swire Group.

Before being appointed by the Governor of Hong Kong as the Financial Secretary of Hong Kong in 1981, Peng Lizhi served in the Swire Group for 30 years, of which 7 years were directly the chairman of Cathay Pacific Airways.

When Iron Lady Thatcher visited Beijing in 1982, she said plausibly at a press conference: Since the opening of Hong Kong as a port, the British government has never taken a penny out.

Otherwise, politicians are thick-skinned, they are like iron walls! The British government did not take it out by themselves, they just did everything possible to create the most favorable conditions for the search of British capital!

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