The wave of runs on Hang Lung Bank was caused by the run on Xie Liyuan Gold Shop.
Two days have passed, and Xie Liyuan Gold Shop has chosen to lie down and forget about it. Anyway, there is only a small amount of money in the company's account, so they can take what they can. If they can't queue up, they can't do anything about what they can't take.
Seeing the attitude of Xie Liyuan Gold Shop, everyone has actually understood that Xie Liyuan Gold Shop has started counting down to its closure!
Xie Zhichao was past the state of despair at this time, and now he has calmed down.
"Isn't Guo Guandong from Imperial Fashion Group coming back tomorrow?"
Even at this time, Xie Zhichao no longer went to the company, but stayed in his villa in Repulse Bay.
For Xie Zhichao now, he doesn't want to do anything. He just waits for Guo Guandong to come back. If the price is still acceptable, he will directly sell Xie Liyuan Gold Shop to Imperial Fashion Group.
Lin Jiamin nodded and said: "I have confirmed with Guo Guandong's office again. The other party will return to Xiangjiang tomorrow morning, and then they will tell Guo Guandong about this!"
Xie Zhichao leaned on the sofa, the cigar in his hand was swirling with smoke, and said calmly: "If this is the case, then just wait for him!"
At this time, Xie Zhichao was able to calm down his mentality to this state because he understood that he would definitely not be able to keep Xie Liyuan Gold Shop no matter what. Since he couldn't keep it, he could only give up.
Fortunately, the Xie family still has other assets. Even if the Xie Liyuan Gold Shop is lost, it can ensure that the Xie family can continue to live as a wealthy family as they are now.
But some people cannot be as relaxed as Xie Zhichao. This person is Hong Kong Financial Secretary Peng Lizhi.
The life and death of Xie Liyuan Gold Shop can only be related to the situation of one bank, Hang Lung Bank. Even if there are no external forces deliberately targeting Hang Lung Bank, Hang Lung Bank itself can survive this difficulty.
However, if Hang Lung Bank fails to overcome this difficulty, it is likely to cause a wave of runs on the entire Hong Kong banking industry.
This was what happened during the first squeeze wave in Hong Kong in the 1960s. At that time, the Hong Kong stock market was at its peak, especially the listing of Kowloon Bus and Jardine Matheson, which stimulated the growth of the stock market. Hong Kong citizens took out money to buy stocks one after another. , leading to a doubling of pressure on the cash system of the banking system.
At this time, Liu Chong Hing Bank already faced huge risks due to its unhealthy loan-to-deposit ratio. At that time, a wave of runs on Liu Chong Hing Bank had already formed, but it could still be stopped if we could find a way to stop it.
As a result, Liao Chong Hing Bank caused a run on Hong Kong's banking industry in the 1960s due to a piece of false news.
At that time, there were reports that a well-known Hong Kong banker was now the subject of police investigation and had been informed to leave Hong Kong!
Although the police came forward to refute the news, they could no longer stop Liu Chong Hing Bank's depositors from frantically running to the Liu Chong Hing Bank to withdraw money.
Coupled with the frivolous operations of HSBC and Standard Chartered Bank, Liu Chong Hing Bank was eventually acquired by a foreign bank.
But in the following years, mass bank runs broke out one after another in Xiangjiang, including Mingde Bank, Guangdong Trust Bank and other banks. Of course, the most important one was Hang Seng Bank. Amid the run on banks, Hang Seng Bank changed its banner, making HSBC the largest shareholder.
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It is precisely because of the previous lessons that Peng Lizhi does not want this situation to be a repeat of the run on the banking industry in Hong Kong in the 1960s.
In addition, there are demands from the British side, so Peng Lizhi has already planned to let the Hong Kong government take over Hang Lung Bank.
In fact, it is not only Peng Lizhi who is paying attention to this matter, but also Hong Kong Governor Youde.
"So, your Financial Secretary has decided to take over Hang Lung Bank?" Youde looked at the report sent by the Financial Secretary and asked Peng Lizhi.
Peng Lizhi nodded and said: "Yes, what is needed now is that Mr. Hong Kong Governor, in the name of the Hong Kong Governor's Office, convene a meeting of the Hong Kong Legislative Council to pass the "Hang Lung Bank (Takeover) Ordinance", allowing our Financial Secretary to authorize foreign exchange
The Fund Management Bureau and the Office of the Banking Regulator used the Exchange Fund to take over Hang Lung Bank."
Today, the Hong Kong Monetary Authority has not yet been established, and the two departments, the Exchange Fund Administration and the Office of the Banking Regulatory Commission, are actually the predecessors of the Hong Kong Monetary Authority. By 1993, these two departments will be merged into the Hong Kong Monetary Authority.
.
If the Financial Secretary wants to take over Hang Lung Bank, he must go through these two departments.
Youde naturally hopes that the Financial Secretary can implement this matter as soon as possible. In fact, he came up with a solution to Hang Lung Bank within two days. This is already a big deal for the Hong Kong government and the Financial Secretary.
Very quick thing.
"If this is the case, even if the original regulations of Hong Kong's banking industry are revised, this matter is likely to cause some media attacks!"
Youde has just taken office as the governor of Hong Kong, and he does not want to be attacked by the Hong Kong media as soon as he comes up.
Peng Lizhi said solemnly: "Mr. Governor of Hong Kong, HSBC, Standard Chartered, and Jiaku Bank have made it clear that they will not help Hang Lung Bank overcome this difficulty. If we do not take action, Hong Kong is very likely to
Triggering the most serious bank run wave since the 1960s, it will be even more detrimental to us!"
Hearing what Peng Lizhi said, Chu Huan's figure instantly appeared in Youde's mind. Two of the three banks that could solve this matter belonged to Chu Huan. In fact, it was simply because Chu Huan didn't want to do this, but this time
No matter how dissatisfied Youde was with Chu Huan, he had no choice but to accept it.
Because he is no match for the opponent at all.
"Mr. Governor of Hong Kong, this matter cannot be delayed any longer!" Peng Lizhi saw that Youde did not answer his suggestion immediately, thinking that the other party was still weighing the pros and cons, so he could only continue to preach.
"Now, Diners Finance, Dejie Finance, Weihao Finance, North American Panama Finance, and Xingtong Finance have all closed down one after another. The run-up trend in Xiangjiang has taken shape. If there are other troubles, even we have no way to save the current situation.
This situation is over!"
Diners Finance was the instigator that completely triggered the run on Hang Lung Bank. With the reporter from "Sheng Bao" publicly executing Hang Lung Bank at a press conference, Hang Lung Bank not only became the first unlucky person to be involved in the run on Bank of Xiangjiang, but also
Similarly, Diners Finance is not immune to the disaster.
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When the financial teams of major lending institutions settled in Diners Finance and investigated the critical time of Diners Finance, Diners Finance's largest customer, Yida Group, announced a debt restructuring.
However, because all the media in Hong Kong were paying attention to the situation of Xie Liyuan Gold Shop and Hang Lung Bank at this time, they ignored this matter. This also made few people pay attention to the news of Yida Group's debt restructuring.
"I understand, I will solve the problems in the Legislative Council!" Youde then ordered his secretary to inform the Legislative Council Secretary and members to convene a Legislative Council meeting tomorrow!
.
Hang Lung Bank Headquarters!
Zhuang Rongkun and Zhuang Qingquan were completely out of energy at this time and slumped on the sofa. In fact, they had been in this state for the past two days.
There are many things that they haven't figured out yet.
Hang Lung Bank's loan-to-deposit ratio is still relatively healthy, but how did it end up like this?
At this time, the situation of Hang Lung Bank and Xie Liyuan Gold Shop is the same, and it is no longer something that they, the holders, can solve.
In fact, it is very simple to solve the current crisis of Hang Lung Bank. As long as they have enough cash to buy here, they can appease the depositors of Hang Lung Bank, but they do not have so much cash now.
If the only difference between them and Xie Zhichao of Xie Liyuan Gold Shop is that they are still at the headquarters of Hang Lung Bank, while Xie Zhichao no longer goes to Xie Liyuan Gold Shop.
"Chairman, according to statistics, 1.28 billion Hong Kong dollars in cash have been withdrawn from the company in the past three days, but this has not dispelled the nervousness of depositors."
Zhuang Rongkun's secretary came in and gave a helpless lecture.
In fact, it can be seen from this that Hang Lung Bank's financial situation is relatively good. It was able to withdraw 1.28 billion Hong Kong dollars in cash within these three days. However, the most difficult situation for Hang Lung Bank now is that they can only provide money and have no deposits. .
Everyone knows that the number of deposits in a bank is limited, and everyone also knows that a large part of the bank's business comes from loans. Now those who come to Hang Lung Bank to withdraw money are more worried about their own money. It became the last payment of cash from Hang Lung Bank. Who knows when the remaining loans will be recovered?
Zhuang Rongkun sat dejectedly on the sofa and said helplessly: "Continue to prepare funds. The Financial Secretary just called. The Hong Kong government will announce its decision to take over our Hang Lung Bank tomorrow. By then everything will be over!"
The Hong Kong government's takeover of Hang Lung actually means that Zhuang Rongkun, Zhuang Qingquan and others have completely lost Hang Lung Bank.
Thinking about it, they were Hong Kong banking giants just a few days ago, but now they are about to become homeless dogs. I am afraid that only the two of them know the complicated feelings!
.
"Boss, according to the situation from the investigation department, Zhong Zhengwen's Yida Group has announced a debt restructuring, and Zhong Zhengwen met with Chen Songqing before. Although I don't know what the two talked about, it depends on the situation. Wen must have discovered Chen Songqing’s background and had a showdown with him!”
Xu Yi came to report to Chu Huan with the news he had just received.
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After hearing this, Chu Huan raised his eyebrows slightly and said, "This Chen Songqing is a bit of a loser. He actually asked Zhong Zhengwen to investigate clearly in such a short period of time?"
Only in the second step of Chu Huan's plan will the matter of Jianing be involved. However, Yida Group, which has the closest cooperation with Jianing now, chooses debt restructuring at this time, which means that it will not take a few days for them and Jianing to
It is very likely that the accounts of the period will be investigated clearly, and the big ship Jia Ning will probably sink into the sea by then!
Xu Yi analyzed: "According to my analysis, I think judging from the abilities of the two of them, Zhong Zhengwen should not be able to investigate Chen Songqing's situation so easily. It is more because the two parties cooperate on too many projects.
, this led Zhong Zhengwen to discover from the accounts that Chen Songqing's Jianing actually did not have such a deep source of funds. In addition, he was already suspicious of Chen Songqing, so I think he also took a risk!
"
Comparing Zhong Zhengwen's ability with Chen Songqing's ability, the two of them are actually in the sky and the earth. It is not that simple for Zhong Zhengwen to thoroughly investigate Chen Songqing's situation.
In fact, even if the debt of Yida Group was restructured, it was not Zhong Zhengwen's own idea, but the solution he found after asking his own finance.
"What is Chen Songqing doing now?"
Chu Huan asked.
Xu Yi replied: "The people following him reported that Chen Songqing has been in contact with people from HSBC and Great Eagle during this period. During this period, he also contacted people from Yumin Finance, but because of Ibalaxi's
The reason is that the number of times is not as high as that of HSBC and Great Eagle!”
"Yingjun?" Chu Huan was stunned for a moment.
Xu Yi nodded and said: "Yes, in fact, Chen Songqing found HSBC to be very understanding. Now it is getting closer and closer to the construction time of their second section of Xiangshan Building. Although Jianing has announced that it will pay dividends, and the Hongmian Building
The news that the sales and leasing conditions are good has raised some shares of Jianning, but the current stock market conditions in Xiangjiang are like this, and the improvement has not increased much, so Chen Songqing definitely needs to make up for the land premium of the Xiangshan Building land with an HSBC loan.
, otherwise there would be no way to start construction.
This chapter is not over yet, please click on the next page to continue reading! In addition, their search for Great Eagle should be to seek the possibility of joint development. After all, apart from Yida Group, Great Eagle Group is the group that has the closest cooperation with Jianing!"
Chu Huan couldn't help but smile and said: "Bailibao, a subsidiary of the Eagle Group, took away the management rights of CMB from us. I originally thought that I would cause trouble for them after this incident is over.
, but I didn’t expect it to be delivered to my door!”
The current Jia Ning is a huge time bomb that has been prepared to explode by Chu Huan. It can be said that in the entire Xiangjiang at this time, only Jia Ku has the strength to swallow this bomb. No matter who comes across the rest,
A bomb will blow you to pieces.
Eagle Lord is no exception!
Xu Yi nodded and said: "Luo Gingshi has always been known for his calmness and calmness in the Xiangjiang business community, but he never thought that he would end up being greedy in the end!"
Chu Huan said: "Let them contact each other first. I also want to see how much noise Jia Ning can make this time!"
"yes!"
.
"It's so stormy!"
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At this time, Feng Jingxi no longer had the high spirits he had when Sun Hung Kai Bank was founded, but his face was full of sadness.
"Ah Huan, do you think this Hang Lung incident will affect other banks?"
Today Feng Jingxi came to Chu Huan's office in person. The person accompanying him was not Feng Yongfa, who was more familiar with Chu Huan, but Feng Yongxiang.
Feng Jingxi is still very interesting. Chu Huan and Feng Yongxiang met alone some time ago. Although Feng Jingxi is still in his prime, he is already older after all. Together with Feng Yongxiang and Feng Yongfa, they have begun to act alone, so Feng Jingxi also began to
He has put his successor on the agenda.
However, according to what Feng Yongfa told Chu Huan, their family has reached a consensus that Feng Yongxiang will take over Feng Jingxi's Sun Hung Kai family of industries, while Feng Yongfa will take over all the projects of the Feng family and Chu Huan.
The reason why Feng Jingxi came to Chu Huan this time was actually because of the matter with Hang Lung Bank, which made Feng Jingxi's heart beat.
"The current situation is simply more serious than the run on Liu Chong Hing Bank in the 1960s. It has only been a few days and Hang Lung Bank is already in trouble!"
Feng Jingxi continued to preach.
Comparing the wealth of Feng Jingxi and Zhuang Rongkun, Feng Jingxi definitely has the upper hand, but if we only talk about Hang Lung Bank and Sun Hung Kai Bank, Sun Hung Kai Bank is still several levels behind Hang Lung Bank.
Chu Huan sat there and asked Feng Jingxi: "Uncle Feng, what do you mean?"
Feng Jingxi said: "Ah Huan, our family is no longer outsiders. I think Ah Fa must have told you about our family's situation before, right?"
Chu Huan did not hide this. After all, Feng Yongfa took over the project in cooperation with Jiaku, so regardless of personal relationships and only business matters, Feng Yongfa would also tell him about this matter.
"We did meet some time ago!"
Feng Jingxi nodded and said: "Ah Huan is taking care of Ah Fa, so I'm not worried anymore. However, things at Hang Lung Bank are really worrying now. Ah Huan, you have a longer-term perspective."
, the analysis of the business environment is also more thorough. I came here this time to ask Ah Huan what you think of the current affairs of Hang Lung Bank, and will this matter have a greater impact in the end?"
Sun Hung Kai Bank has just been established and is weak. If a mass run in the banking industry really occurs, Sun Hung Kai Bank will naturally be very dangerous.
So this time Feng Jingxi came to Chu Huan not only to inquire about the development of the current situation, but also to seek help.
In fact, in another time and space, this bank run wave in Hong Kong also happened, but the timeline was much longer, lasting until several years later, and Sun Hung Kai Bank also suffered a blow.
In order to keep Sun Hung Kai Bank, Feng Jingxi had no choice but to sell 50% of the shares of Sun Hung Kai Bank to France's Perita, and gave up his position as chairman.
This incident was a huge blow to Feng Jingxi, but after all, Feng Jingxi grew up under various blows, and quickly regrouped and continued to develop. Unfortunately, in 1985, when Feng Jingxi was handling official business in Vancouver, Canada, due to sudden
Died of cerebral hemorrhage at the age of 63!
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But things are different now. Now there is Chu Huan in Xiangjiang, and Chu Huan is also one of their most important partners at Sun Hung Kai. Coupled with the personal relationship between the two families, Feng Jingxi has no reason to seek help from outsiders.
In order to ensure that his plan could proceed smoothly, Chu Huan could only answer Feng Jingxi ambiguously: "Uncle Feng, you have actually seen the situation in Xiangjiang now, especially the British side has decided to go to his hometown to officially open the investigation on the Xiangjiang issue.
Negotiations have been held, so I’m not very optimistic about Xiangjiang’s economic situation during this period!”
Feng Jingxi's expression changed and he asked Chu Huan: "The British side has made a decision? Why hasn't it been reported yet?"
News like this that is related to the future of Hong Kong, if it had been announced to the public, would definitely occupy the front pages of major newspapers in Hong Kong.
But now there are no reports about this matter in Xiangjiang, so Feng Jingxi was very surprised when Chu Huan said it.
As a giant in Hong Kong's financial industry, Feng Jingxi knows exactly what this means!
Chu Huan waved his hand and said: "This matter is only circulating in a small circle. If you want to see the report, you will probably have to wait until the last two days!"
Feng Jingxi thought for a moment, then understood what Chu Huan meant, and said seriously: "If that's the case... Ah Huan, if something bad happens to Sun Hung Kai Bank in the future, I hope you will
The Kaku Bank can help!”
This chapter is not over yet, please click on the next page to continue reading! At this time, Feng Jingxi no longer needs to hide it, he can just express his most fundamental needs!
Although due to the cooperation with Jiaku, the assets of the Feng Jingxi family are much higher than the same period in another time and space, in fact, the Feng Jingxi family does not have much cash at this time. After all, most of the cooperation with Chu Huan is in the industry.
Assets are not cash.
Chu Huan did not refuse this matter. There were too many banks that were affected this time. For Chu Huan, it doesn’t really matter if there is one more Sun Hung Kai Bank and one less Sun Hung Kai Bank. However, due to the differences between the two
Due to the relationship, Chu Huan will still help.
"Uncle Feng, just don't worry. Our two families have been together through ups and downs over the years. Coupled with the relationship between our two families, both public and private, if Sun Hung Kai Bank really has problems, our Jiaku Bank must be
We will help you!"
After receiving Chu Huan's assurance, Feng Jingxi breathed a sigh of relief, "Ah Huan, I feel relieved because of your words. You don't know, I can't eat or sleep these days!"
Chu Huan smiled and said: "Uncle Feng, don't worry too much, Xiangjiang's development will definitely get better and better, and the same will definitely be true for our company!"
Feng Jingxi nodded and said with a smile: "I'm old and not like you young people. If I were twenty years younger, I wouldn't be so worried even if I encountered such a situation. I would just have to start over again. But now
As people get older, they become less courageous. From now on, Xiangjiang will be dominated by you young people, so Ah Huan, I also hope that you can take more care of Ah Xiang in the future!"
Feng Yongxiang also smiled at this time and said humbly: "Dr. Chu, I'll take care of you from now on!"
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Feng Yongxiang is two years older than Chu Huan, but even so, he will not call Chu Huan Ah Huan, but Director Chu.
Chu Huan nodded and smiled: "You're welcome, if it weren't for the support of Uncle Feng's Sun Hung Kai Securities, I wouldn't have succeeded so easily!"
After the business talk was over, Feng Jingxi also received assurance from Chu Huan, and he was no longer as nervous as before. Naturally, the conversation between the two parties became much more relaxed.
At this time, Xu Yi walked into Chu Huan's office.
"Boss, Hu Sheng called and said he has something to ask you!"
After finishing speaking, Xu Yi added another sentence, saying: "The voice sounds very urgent, as if something bad has happened!"
Hearing what Xu Yi said, Feng Jingxi stood up with Feng Yongxiang and said: "Since you still have something to do here, Ah Huan, we won't disturb you. After this matter is over, let's sit down and have a good time!"
Chu Huan nodded and sent Feng Jingxi, Feng Yongxiang and his son to the door of his office with a smile.
After the two of them left, Chu Huan returned to his desk and picked up the phone, "Hu Sheng, what's the matter?"
In Chu Huan's impression, Hu Yingxiang was a very calm person. Now that Xu Yi was telling Hu Yingxiang something urgent, Chu Huan was a little curious.
Hu Yingxiang's anxious voice immediately came over the phone, saying: "Ah Huan, you must help me this time. I just called Brother Huo. Brother Huo should have started his own relationship now.
Now I’m just waiting for you, Ah Huan!”
Hu Yingxiang's confused words made Chu Huan confused. He didn't know what was going on, but he actually came to find Emperor Huo first, and now he came to find himself.
"Hu Sheng, you'd better tell me something specific. Is there something wrong with our investment in our hometown?"
All Chu Huan could think of was the situation back home.
Hu Yingxiang said: "It's not my hometown, it's our Ah Xin. This morning..."
Chu Huan knew why Hu Yingxiang was so worried. It turned out that Hu Yingxiang's son Hu Minxin was raped when he went out this morning. Now the other party has called Hu Yingxiang and asked for a ransom of 2 million Hong Kong dollars.
Speaking of which, Hong Kong's rich people are actually a high-risk industry, and there are endless stories of Hong Kong's rich people being targeted for participation.
The most famous one is of course the Gangster of the Century.
In fact, in addition to this century-old gangster, there are also many cases where wealthy families in Xiangjiang have been targeted.
In the 1940s, Fu Laorong, the second-generation gambling king of Haojiang, encountered bidders.
In the 1960s, Shao Yifu's son was arrested in Singapore.
In the 1970s, Xiangjiang funeral tycoon Xiao Ming was targeted.
In the 1980s, in addition to Hu Minxin, Guo Henian's cousin was also bid for participation in Kuala Lumpur, the capital of Malaysia.
Of course, the most famous thing among these things is the case where Wang Dehui of Huamao Group was listed. According to the situation of his being listed, he can almost apply for the Guinness World Records. He was listed three times in total, and he reached the third
At this time, the person completely disappeared!
"I know what happened. Now I will notify some people in the community and ask them to help find the news!" After hearing what happened, Chu Huan spoke directly without hesitation.
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Hu Yingxiang was also anxious and said hurriedly: "Thank you very much, Director Chu. I won't say anything else. I still have to record a confession with the police!"
Chu Huan nodded and hung up the phone, and then told Xu Yi about Hu Minxin.
"Ask the Security Department to notify the major associations in Xiangjiang. If there is any news about this matter, please report it to the Security Department immediately. Hu Yingxiang will naturally pay you!"
Xu Yi nodded and said: "Understood!"
In this way, the day ended with all these messy things. By the next day, Hu Minxin's situation had not yet been answered.
The new Hong Kong Governor Youde convened a meeting of the Legislative Council to discuss the Hong Kong government's takeover of Hang Lung Bank.