When Li Guangyu was discussing with Zhou Huayu at Kangxin Hospital to build a new hospital on Xiangjiang Island next year, Gan Qin brought him another piece of bad news. Yongan Bank was in trouble, and its vice chairman directly
Missing and missing.
At this time, Li Guangyu hopes that the situation in Xiangjiang can remain like this, and he just waits for the delivery of contracts on the stock market.
Now that there is a thunderstorm in Yongan Bank, the banking industry storm is coming, and the economic situation in Xiangjiang will be even more turbulent. All parties need to stabilize the current situation more urgently, and he himself will face greater pressure.
Li Guangyu turned to Zhou Huayu and said, "Your hospital must prepare enough manpower for the future Xiangjiang Island campus. That will be the main hospital in the future, and you will also return to Xiangjiang Island to work. You must be prepared here."
My successor, I will leave first."
Zhou Huayu also knows the impact of the news reported by Gan Qin on the Li Group. A bigger storm is coming in Xiangjiang this time, and he doesn't know how many banks will fall this time.
Zhou Huayu personally experienced the wave of bank failures in 1974. During that time, many Chinese-owned banks had to transfer part of their bank shares due to their strength in order to ensure that the banks could survive.
Just like Wing Hang Bank, it was during this crisis that it was forced to transfer its shares to American companies and even lost its controlling stake in the bank.
These are all lucky, at least they survived. Many Chinese-owned banks fell directly into the crisis and disappeared from the sight of Xiangjiang citizens.
This crisis is even more severe than the last one. Once citizens start to run on banks this time, many small and medium-sized banks will not be able to escape this time without the support of a few major banks.
Most of the funds they borrow now are tied up in real estate, and it is very difficult to get the cash back. In the face of runs by the public, there is simply no sufficient funds to face this problem.
Now Xiangjiang estimates that only his boss can sit back and watch the situation. The Li Group has sufficient funds to face any difficulties.
Zhou Huayu said, "Li Sheng, I will make arrangements here. I believe the hospital management can lead the development of the hospital here."
After Li Guangyu asked Gan Qin to handle Chen Shunkang's affairs here, he hurried back to Li's Building accompanied by Du Yonghong.
After Li Guangyu returned to the office, Yao Jingwei brought a pot of tea in, poured a cup for Li Guangyu, and said at the same time, "Sheng Li, the information about Yongan Bank has been placed on the table."
Li Guangyu said, "Okay, I understand. Go and do your work. I will tell you if anything happens."
After listening to Li Guangyu's instructions, Yao Jingwei responded to Li Guangyu, then turned around and left Li Guangyu's office.
After entering the assistant office for more than half a year, she knew very well that the assistant she and others were different from Gan Qin. At most, they could only do odd jobs for Gan Qin and process some documents. If Li Guangyu had any instructions, they would do it.
Ganqin processing.
Moreover, Gan Qin always takes vacations when Li Guangyu does not come to work in the company. Under normal circumstances, they work in the assistant's office nearby, and they rarely even have the opportunity to enter Li Guangyu's office.
Yao Jingwei only hopes that she can be valued by Li Guangyu and be transferred to the lower group as soon as possible. In the assistant office, at least while Gan Qin is still there, their promotion has come to an end.
Li Guangyu took a detailed look at the information about the Guo family. The Guo family currently owns the Yongan Group, which is mainly engaged in real estate and banking. It used to have department store retail, but it was a pity that Li Guangyu's Hengyu Supermarket and Watsons were competing with Wellcome.
It was cleared during the market.
The Guo family currently focuses on real estate, and in order to rapidly expand real estate, they borrowed a large amount of funds from banks. In addition, as the chairman of Yongan Bank, Guo Zhikuang has no restrictions on real estate loans. Currently, loans from their bank
Many real estate companies in China experienced thunderstorms, which directly caused their banks to suffer thunderstorms.
What is even more serious is that Guo Zhikuang is still facing investigation by the Xiangjiang Economic Crime Investigation Bureau. The main issue is that he is suspected of illegal loans.
During the time when Li Guangyu rushed back, long queues had already formed at various branches of Yong'an Bank. They were all customers who had deposited money in Yong'an Bank and were preparing to withdraw their deposits in the bank. They all believed that Yong'an Bank was no longer safe.
.
While Li Guangyu was still looking at the information of Wing On Bank and the Guo family, Yao Jingwei came to report, "Li Sheng, Ms. Luo Qianwen and Mr. Feng Jingyao all reported that Tianyu Bank and Wing Hang Bank received a notice from the Hong Kong Monetary Authority, requiring each bank to
The big banks must clean up their bad debts and prepare sufficient funds to deal with the upcoming financial risks. At the same time, the heads of the major banks must hold a meeting at the Governor's Mansion at 9 o'clock tomorrow morning."
Li Guangyu knew that this was because Youde and the Xiangjiang government were anxious. They knew very well that Yongan Bank was just the beginning. If they did not respond proactively, Xiangjiang's financial order would face severe challenges.
The collapse of the property market and the coming financial crisis have put too much pressure on them. Coupled with the current political situation in Hong Kong and the superposition of pressures from many parties, the people of Hong Kong will become even more unstable.
Just when Li Guangyu was about to reply, there was another knock on the office door.
Li Guangyu said, "Please come in."
Assistant Cao Yaxian walked in and said to Li Guangyu, "Li Sheng, Mr. McBurney Deshawn, the director of the Hong Kong Monetary Authority, just called personally and invited you to attend the Hong Kong Financial Conference tomorrow morning to discuss together.
The severe situation Xiangjiang is currently facing."
Li Guangyu said, "You go and reply to the Monetary Authority, and I will attend the meeting on time tomorrow."
At the same time, Li Guangyu said to Yao Jingwei, "Reply to Ms. Luo Qianwen and Mr. Feng Jingyao and ask them to pay attention to the status of bank reserves in the near future. If risks arise, report them to me immediately, especially Wing Hang Bank, and ask them to pay attention to it."
"Okay Li Sheng, I will inform them right away." After Yao Jingwei replied, she and Cao Yaxian left Li Guangyu's office.
Tianyu Bank Li Guangyu is not worried. The funds of each of his groups are in Tianyu Bank. Even if all customers come to withdraw their deposits, Li Guangyu can support it.
On the contrary, if Wing Hang Bank suffers a run, Li Guangyu needs to provide immediate support. Otherwise, it will be difficult for Wing Hang Bank alone to support it through this crisis.
This time people from all walks of life in Hong Kong can no longer sit still. Even HSBC and Standard Chartered Bank are holding high-level meetings to discuss the current situation.
The Hong Kong stock market was hit hard again with the news of the thunderstorm at Wing On Bank. The Hang Seng Index, which had barely managed to hold on to 670 points, fell directly to 650 points.
At this time, few investors still have hope for the stock market. Although some small and medium-sized banks have not experienced as big a run as Yongan Bank, many customers still withdraw their deposits from the bank due to this impact. Citizens have begun to express their concern for small and medium-sized banks.
Banks have lost confidence.
They feel that these banks are no longer safe and the money they deposit in them is not protected. Only when the money is in their hands can they feel at ease.
After these people took out their money, most of them deposited it in the banks of the Li Group and its interest groups, or Standard Chartered, HSBC and Hang Seng Bank, while some simply left it at home without depositing it in a bank.