After the meeting of Li Guangyu Financial Group ended, Wing Hang Bank separated from Tianyu Financial Group the next day and announced to the outside world that Feng Jingyao became the largest shareholder of Wing Hang Bank and was no longer under the management of Tianyu Financial Group.
This news shocked the top management of Xiangjiang. They did not believe that Li Guangyu would give up the bank so easily after he had worked so hard to acquire Wing Hang Bank. They more believed that the Li Group was secretly preparing some moves behind the scenes.
And some of Feng Jingyao's subsequent actions let them know that this must be Li Guangyu's intention. It was obvious that Li Guangyu wanted Yongheng Bank not to be affected by the Li Group and to move closer to the mainland.
Those watching the excitement didn't care about this, but Li Guobao of the Bank of East Asia and Chen Youqing of the Hong Kong Asian Commercial Bank were paying attention to the actions of Wing Hang Bank and Tianyu Bank.
Especially when I heard that many customers were discussing how difficult it was for Tianyu and Wing Hang Bank to handle real estate business and property mortgage loan business, the two of them became concerned.
They knew that after the Li Guangyu Financial Group meeting, the two banks tightened their stance in this regard, which meant that the collapse of the real estate market was getting closer.
Their two banks have a lot of Chinese-owned families handling business, and many of them are real estate-related businesses. Once the property market suddenly collapses and their funds cannot keep up, the two major banking industries will be implicated.
After receiving the news, Li Guobao immediately convened a meeting of the bank's middle and senior management to make new requirements for Xiangjiang Real Estate Company and housing loans in the property market, and implement a policy of charging more and lending less to cope with the coming crisis.
After Chen Youqing learned the news, he also adopted similar policies to prevent his bank from suffering huge losses.
Just because Li Guangyu took the initiative, and with the follow-up of Bank of East Asia and Hong Kong Asian Commercial Bank, many small and medium-sized real estate companies fell into the embarrassment of loan difficulties. Many people were very dissatisfied with Li Guangyu and even cursed in private.
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At this time, the major banks in Xiangjiang began to diverge. Some families looking for insurance chose to follow suit and followed Li Guangyu's lead in tightening their loans to real estate companies in order to cope with the coming storm.
Some banks are different. At this time, because Li Guangyu and others were unable to apply for loans because their customers were stuck, these banks began to contact these customers and asked them to go to their banks to handle business, but they raised the interest rates a bit.
On the morning of February 5th, Li Guangyu listened to Gan Qin's report on the developments of major banks in the past few days in the office. He was particularly concerned about the developments of the two major banks, HSBC and Standard Chartered. Li Guangyu did not care about the actions of other banks. Li Guangyu did not care about the actions of other banks.
Coslight’s only competitors are HSBC and Standard Chartered.
Gan Qin said: "Li Sheng, after the implementation of the new regulations, it has had some impact on our business. I am afraid that we will lose some customers."
Li Guangyu didn't care too much about the loss of these people. He knew that if he plunged headlong into the real estate market at this time without strong financial support, the only way to go bankrupt would be bankruptcy, so his bank would not take over this bad debt.
Li Guangyu said: "Have HSBC and Standard Chartered taken any action?"
"Li Sheng, no adjustments have been made over there. It's still the same as before. We don't know what Shen Bi and George LaVine are thinking. They don't seem to be worried about any problems in real estate." Gan Qin replied.
Li Guangyu was even happier after hearing this. As long as they continue to lend, there will be problems in the Xiangjiang property market when they are in a hurry. Moreover, this time, many unapproved customers from his side, Bank of East Asia, and Xiangjiang Asian Commercial Bank will definitely
Once you find their bank, you can find out more about what happens next.
Li Guangyu knows very well that with the collapse of the property market, there will be a series of crises in the future, and the banking industry is one of the hardest hit areas. I don't know how many banks will go bankrupt by then.
Li Guangyu said: "Instruct our people to continue to pay attention to the movements of these two major banks, and report any news to me immediately."
Not long after Gan Qin left, he came to Li Guangyu again and said to him: "Li Sheng, Mr. Feng Jingxi has arrived at the front desk of the building. Do you have time?"
"Immediately ask the front desk to bring Feng Sheng to my office, and you can make a pot of tea."
After Gan Qin left, Li Guangyu thought about the purpose of Feng Jingxi's visit this time. This person did not have a close relationship with him. This sudden visit left him a little confused.
After Feng Jingxi and Li Guangyu sat down opposite each other in the reception area, Feng Jingxi said: "Guangyu, I took the liberty of coming here this time, mainly because I want to ask you what you think of Xiangjiang's property market this year."
Fung King Hei Sun Hung Kai obtained a banking license in Hong Kong in January and has now established 6 branches in Central, Kowloon, Mong Kok and other places.
He just didn't expect that not long after his bank was established, some banks headed by the Li Group began to tighten real estate loans. Originally, his newly built bank was a good time to attract customers, but he didn't dare to make this decision. Li Guangyu
He still believed in some of the visions.
After thinking about it, he still came to Li's Building, wanting to hear Li Guangyu's opinion again. In fact, he knew in his heart that the inquiry would have the same result this time. He was just a little unwilling to do so.
With so many customers, I could only turn them away, which made me feel very uncomfortable.
Li Guangyu also knew that Sun Hung Kai Bank was just established when it needed customers, and the largest customer base in Hong Kong was in real estate. If these customers were rejected, it would be impossible for Sun Hung Kai Bank to develop quickly.
Li Guangyu said: "Uncle Feng, you are also aware of the current situation in Xiangjiang. Coupled with the inflated housing prices and the rising vacancy rate, the slightest disturbance will cause turmoil in the property market. Our bank has to take precautions."
As an old friend of Lee Shau Kee and Kwok Desheng, and also one of the founders of Sun Hung Kai Properties, Feng King Hei is also aware of the current situation of the Hong Kong property market. It is just that his bank has newly opened and is in great need of customers to join, which makes him always want to take a gamble.
What if the property market doesn't fluctuate?
Fortunately, he was still rational and did not make this decision. He said: "Guangyu, I don't know what suggestions you have for my bank. Please give me some advice for Sun Hung Kai Bank."
Li Guangyu himself really has no good solution. He can't give up his banking business to him.
Li Guangyu thought for a while and said: "Uncle Feng, in terms of real estate now, I suggest that your bank should not lend too much money. You can look at Xiangjiang Industrial, especially those who are going to build factories in mainland China. They are relatively
Generally speaking, the risk is smaller, and the low labor costs in the mainland make the products of these companies very competitive in various regions."
After listening to Li Guangyu's suggestion, Feng Jingxi felt that he could do it, but the difference between those businesses and real estate was really big. He felt very annoyed that he only established the bank at this time. If he had been a customer a few years earlier,
It has stabilized long ago, and if it is a year or two later, I won't have to suffer so much.
Feng Jingxi also knew that Li Guangyu would not give up the business of Sun Hung Kai Properties Group and Zhaoji Group to him, so he did not say this. After chatting with Li Guangyu for a while about the financial situation in Hong Kong, he said goodbye to Li Guangyu and left.