Li Guangyu is not interested in Yong'an Bank now. He has no plans to take action yet. The banking crisis has just begun and the property market has not yet reached a low point. This is not the best time for him to enter.
Li Guangyu said: Guo Sheng, our Tianyu Financial Group has no plans to expand in Xiangjiang for the time being. You also know that our Tianyu Bank and Hengyu Supermarket Group are currently expanding in Southeast Asia. The pressure is also very high now. We will continue to expand in the Xiangjiang market.
Stability is the main thing.
Guo Zhiquan felt very desperate. If others said this, he might still believe it, but there was no pressure on the Li Group. Its strong financial strength was enough for them to jointly attack in these areas.
There are no powerful financial groups in Southeast Asian countries, and the Li Group has formed alliances with local Chinese-owned families in these areas, allowing them to expand quite smoothly in these areas.
In the past, there were Singaporean consortiums that competed with them for the market. Now, the Singaporean consortium has also transformed into a cooperative relationship with the Lee Consortium. There is no longer a consortium that is their opponent in these areas.
Guo Zhiquan heard that in the Southeast Asian market, Hengyu Supermarket Group and some local forces have joined forces to distance themselves from the two supermarket groups Carrefour and Wal-Mart.
Especially after expanding in Southeast Asia, it was really difficult to distinguish between the world's three major supermarket groups. They respectively occupy the North American market, Western European market, Northeast Asia and Southeast Asia market.
Li Guangyu's response has shown that the Li Group has no interest in Yongan Bank.
Li Guobao, Chen Youhan and Feng Jingxi had no intention of helping Yongan Bank. At this time, they themselves were worried about their own bank's problems.
Fortunately, they made a lot of money in the stock market this time, and the money was enough for their own bank to survive this crisis.
But they don't have much funds to rescue other banks now. They still need to inject a sum of funds into New Asia Investment Company for subsequent investment operations.
You must know that this time, whether it is Xiangjiang Zhonghua Investment or He's Investment Company, their 500 million Hong Kong dollars and the profits from the stock market will not be withdrawn. They will all be put into the investment company to face the problems faced by Xiangjiang Electric Group and Taipei MRT in the future.
investment, as well as some acquisitions in the future.
Although their New Asia Investment Company currently only focuses on the Xiangjiang Electric Group project, they still need to buy stocks at the bottom of the stock market, so each of their major banks needs to inject 400 million Hong Kong dollars, allowing New Asia Investment Company to increase its capital by 2 billion Hong Kong dollars.
Have to invest in the future.
When the chairman of the two small banks saw that Li Guangyu and others were unwilling to help even Yongan Bank, they did not ask for help and did not mention the matter of asking them to help their banks.
After lunch, Li Guangyu, several of his allies and Luo Qianwen came to a small conference room to discuss some issues in this morning's meeting.
Feng Jingxi said: Guangyu, this is a great opportunity for Tianyu Bank. As long as the situation worsens, the Xiangjiang government can only step in to rescue the market. However, the Xiangjiang government does not have much financial resources at present. Most of the taxes we pay have been taken away by the British side.
At this time, the Monetary Authority can only turn to Standard Chartered HSBC and Tianyu Financial Group.
Li Guangyu is currently not sure whether he can win the right to issue Hong Kong dollar notes with this opportunity. After all, the bank crisis will come earlier than he expected. If it breaks out in the middle to late next year, he will be very powerful.
Got it.
At that time, the British side also knew that Xiangjiang's return to the mainland was irreversible, and they would probably let their bank obtain this power.
At present, the British do not want to give up their rule over Hong Kong. They are unwilling to give up such important power and interests as the right to issue Hong Kong currency notes to outsiders.
Li Guangyu said: Uncle Feng, I guess it will not be easy this time. I will ask Du Yuemei to communicate with the British government in London to see if we can get the right to issue Hong Kong currency notes. As long as we have this power, our status in Hong Kong will be
Only then is it truly stable.
Several people here are also aware of the difficulty involved. Tianyu Financial Group still has a little hope, and banks like them don't even think about it.
Luo Qianwen said: Li Sheng, looking at Guo Zhiquan's situation today, Yong'an Bank may not be able to survive. Once Yong'an Bank goes bankrupt and liquidates, it will cause a chain reaction. We need to make early plans in this regard.
What Luo Qianwen said was not to buy banks at the bottom, nor to protect themselves. They currently have plenty of cash and are not worried about a run at all.
This time they are preparing to enter the market to buy the stock market at the bottom. These banks have their own investment securities companies. How could they give up such an opportunity?
Once a large number of banks go bankrupt and liquidate, the stock market will definitely not fare well. This is a good time for them to enter the market.
They all know that as soon as the delivery of the stock market contract is completed, the Li Group and its interest groups will launch several large projects in Hong Kong, and there will definitely be a rebound in the stock market.
Li Guangyu said: In this regard, after the delivery of our contract, we will collectively hold a meeting to discuss the next steps. After all, there is still a large amount of funds that have not come out. Only after entering our various accounts can we truly feel at ease.
.
While Li Guangyu and the others were discussing, Guo Zhiquan did not rest. Instead, he visited Shen Bi of HSBC Bank and George Lavin of Standard Chartered Bank. As long as there is still a glimmer of hope, he is unwilling to give up.
He knew very well that once Yongan Bank went bankrupt and liquidated, Yongan Group would also be implicated, and the Guo family would suffer heavy losses.
Shen Bi was a little overwhelmed at this time. HSBC was doing better, but the Hang Seng Bank they controlled had a big problem. There were a lot of bad debts, and some large loans could no longer be recovered. The other party was now
All that remains is a shell company.
At this time, he still had the energy to help Yong'an Bank. Shen Bi directly rejected Guo Zhiquan's request.
Guo Zhiquan also failed to get good news from George LaVine. Although George LaVine did not refuse directly, the meaning in his words showed that there was no possibility that Standard Chartered Bank would take action.
After leaving George LaVine, Guo Zhiquan looked lonely. He knew that his Yong'an Bank would probably be difficult to save this time.
When he returned to his lounge, he saw Chen Zengxi, chairman of Hang Lung Bank, also resting here.
Two people who are currently in the same difficult situation also talked about the future situation.
Chen Zengxi said: Guo Sheng, judging from your expression, I guess you won’t gain much at noon.
Mr. Chen, you are the icing on the cake, how many people will help you when it is time for you. At present, everyone is sweeping the snow in front of their own homes, and they don't care about the frost on other people's tiles. I think Yong'an Bank will be in trouble this time.
Chen Zengxi understood Guo Zhiquan's current mood very well. The situation he faced was not the same. When he personally went to Zheng Yutong to discuss and let Xiangjiang China Investment Company take over the property development rights of Xiangjiang Metro Station, Zheng Yutong only thought about it briefly and responded tactfully.
's refused.
Moreover, Hang Lung Bank is also in a very difficult situation. Maybe in a few days, Hang Lung Bank will be the next Wing On Bank.