Following Hang Lung Bank, overseas trust banks were exposed to poor management and a large number of bad debts. Soon, this situation caused long queues to form at various branches of overseas trust banks.
Not only that, this wave of bank runs in Hong Kong is getting stronger and stronger, and it has begun to spread to other small and medium-sized banks.
Especially during this period, "Shengbao", which has been called a troublemaker in the Hong Kong business community, once again disclosed a piece of news.
That was the money-burning war in the retail industry that caused a sensation in Hong Kong last year. At that time, many local banks in Hong Kong provided loans to major retail companies in Hong Kong. Although with the end of the money-burning war in the retail industry, Yunhai Group took shares in these companies.
.
Then the loans from these banks can avoid the possibility of becoming bad debts.
But that war can be said to have seriously damaged the vitality of many companies and banks, and it will take a long time to get the money back.
Under such circumstances, banks such as Sun Hung Kai, K. Wah, King Wah, and Dao Heng also began to be congested by Xiangjiang depositors.
The citizens of Xiangjiang are now in a state of panic because of this incident.
As the time comes to September 20th, not only does this trend have no chance of dying down, it may even get stronger!
"Boss, almost all the local small and medium-sized banks in Xiangjiang have been affected by some bank runs to some extent. At the same time, the number of deposits of Jiaku Bank and Alde Commercial Bank Xiangjiang Branch has soared by 50% during this period.
%, the scale has begun to grow!”
Energy conservation law!
The total amount of deposits of Xiangjiang depositors is constant. The money depositors withdraw from these small and medium-sized banks always has to be placed in one place. Naturally, they also keep it at home, but it is always not safe.
According to a report from the Xiangjiang police, in just about ten days, there have been dozens of home burglaries in Xiangjiang.
Therefore, many people still have to deposit their funds in a bank.
And this reflects the strength of the four banks: HSBC, Standard Chartered, Hang Seng, and Jiaku.
It can be said that HSBC and Standard Chartered have grown up with Xiangjiang. They have always been leaders in the banking industry in Xiangjiang and are the banks most trusted by Xiangjiang citizens.
Hang Seng Bank is backed by HSBC and is the leader among local banks in Hong Kong. It can be said that choosing Hang Seng is actually choosing HSBC, so there will definitely be no problem!
As for Jiaku Bank, it’s naturally because of Jiaku behind them!
As the largest financial group in Xiangjiang, no one would suspect that there is a problem with Jiaku, because everyone knows that if there is a problem with Jiaku, it will actually mean the complete collapse of Xiangjiang's economy!
This is because the citizens of Xiangjiang did not know about Alder Commercial Bank's acquisition of Standard Chartered at this time.
But no matter what, in the banking industry, everyone is still more willing to believe in HSBC and Standard Chartered!
"Although the deposit ratios of HSBC, Standard Chartered and Hang Seng banks have not increased as much as ours, the amount exceeds ours!" Xu Yi continued.
"Now that we talk about it, it's actually a competition between us and HSBC?"
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Hang Seng Bank belongs to the HSBC Group, and Standard Chartered Bank now belongs to the JAKU Group. They are not just competing for the Xiangjiang deposits flowing out at this time.
Xu Yi nodded and said: "That's right. There were rumors a few days ago that HSBC was preparing to take action. When they saw the current situation, they gave up their plan to take action!"
This time, that time!
Since HSBC does not really belong to the Hong Kong government, but is a listed company, no matter how the outside world says that HSBC is the quasi-central bank of Hong Kong, it is only close to it but not really!
Everything is about profit!
"No matter how serious the run-on trend in Hong Kong's banking industry is, it will not affect HSBC's status in the hearts of Hong Kong people. Therefore, HSBC believes that now is their opportunity to obtain more bank deposits, so naturally it is impossible to take action!"
Xu Yi continued to preach.
After hearing this, Chu Huan shook his head helplessly and said: "It's a pity. If HSBC chooses to take action at this time, it will be the most beneficial to us!"
As Xu Yi, who understood Chu Huan's plan best, he naturally knew what Chu Huan meant.
"Boss, in fact, as long as the Jiani incident is exposed, it will be impossible for HSBC to stay out of the matter. They believe that their position in Xiangjiang is unshakable, but there is no unbreakable wall in this world!"
Chu Huan nodded, and then said with some regret: "What a pity, HSBC cannot fail. Otherwise, our goal will not be Hang Seng, but HSBC!"
Xu Yi smiled and said: "Being able to obtain Hang Seng is already a very good result for us. With Hang Seng, Jia Ku Bank Group will well deserve to become the number one group in Hong Kong's banking industry, even if there is no government
With all the funds, HSBC can’t catch up with us!”
Chu Huan nodded.
Xu Yi continued: "So boss, when are you going to take action regarding Jianing? Now Thatcher has announced that he will visit China two days later, on the 22nd!"
Even though many media in Hong Kong have called this period the darkest period in the business history of Hong Kong, both Chu Huan and Xu Yi understand that the real darkness has not yet come, and they will have to wait until the Jianing incident is completely resolved.
After the outbreak of the epidemic, Xiangjiang will usher in real darkness!
Chu Huan pondered for a moment and said: "Tomorrow, I will report on Jia Ning tomorrow!"
Xu Yi said with some worry: "It's just that "Shengbao" has been blocked now. To report on Jianing tomorrow, do we need to rearrange a new newspaper to do this?"
"Victory"!
This newspaper, which had always been called a troublemaker in Hong Kong, finally came to the end it deserved.
This chapter is not over yet, please click on the next page to continue reading! A newspaper that continues to bring negative reports to Hong Kong's economy without any scruples. Neither the current Hong Kong government nor people in the Hong Kong business community can stand this newspaper.
Already.
Under such circumstances, "Victory Report" will naturally not be able to continue.
After hearing this, Chu Huan smiled and said: "Let Gu Chengxi arrange for "True News" to report this matter!"
Xu Yi's expression suddenly changed and he said: "Boss, if you let "True News" do this, the British side will definitely have ideas by then!"
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Chu Huan waved his hand and said with a smile: "It doesn't matter. You can arrange to make a complete report on Jianing's situation, and then send it anonymously to major newspapers in Hong Kong, including our "True News". Then the British side will also
There is no way to know who did this!"
When Xu Yi heard what Chu Huan said, he smiled in relief and said, "If that's the case, then there won't be any problem."
At this time, Feng Jing came to Chu Huan's office.
"Boss, Mr. Feng Jingxi is here!"
Chu Huan said: "Please come in!"
After Feng Jing left, Xu Yicai said: "It seems that Sun Hung Kai Bank can no longer hold on, and now it comes to see you, boss!"
Chu Huan nodded and said: "Although Sun Hung Kai Bank is only a fish in the pond that has been affected by this run, but now this situation is no longer something Sun Hung Kai Bank can bear!"
Xu Yi asked with some worry: "Boss, if we help Sun Hung Kai Bank at this time, will it have any impact on your plan?"
Chu Huan waved his hand and said: "No, the whole of Xiangjiang knows our relationship with the Feng family. If we don't help the Feng family at this time, it will easily arouse the suspicion of the citizens of Xiangjiang!"
Xu Yi thought for a moment and then understood what Chu Huan meant.
At this time, Feng Jingxi had also arrived at Chu Huan's office under the leadership of Feng Jing.
"Ah Huan, I'm afraid I really have to ask for your help this time!"
After meeting Chu Huan, Feng Jingxi spoke directly to the point. Looking at Feng Jingxi at this time, he seemed to have aged many years overnight. Feng Jingxi's hair was gray before, but now it has turned white, and his eye sockets have become sunken.
It can be seen that what happened in the past few days was really a torture for Feng Jingxi!
"I thought the matter could be ended through the intervention of the Hong Kong government, but I didn't expect that the Hong Kong government has made no move until now, and the squeeze trend has begun to spread. It's really..."
When he said the last words, Feng Jingxi couldn’t help but sigh!
He has been in the business world of Xiangjiang for decades and has seen all kinds of storms. But this time, even Feng Jingxi was frightened by the current economic situation. He really did not expect that it would spread like this.
Chu Huan comforted him: "Uncle Feng, don't worry. Since I have promised to help Uncle Feng get through this difficulty before, it is naturally impossible for me to stand by and watch now. As for the situation of Sun Hung Kai Bank, I already know what will happen next."
, just look at my nephew!"
Feng Jingxi looked excited, held Chu Huan's hands tightly with both hands, and said movedly: "Ah Huan, thank you so much for what happened this time!"
Chu Huan said with a smile: "If Uncle Feng says these words again, he will be out of touch!"
Feng Jingxi said: "According to our analysis, if we want to convince the citizens of Hong Kong of the credibility of our Sun Hung Kai Bank, it is no longer possible to simply deposit cash. We need the investment of large banks to help our Sun Hung Kai Bank survive this crisis."
Difficulties!"
Chu Huan nodded and said: "Let's do this. At noon today, I asked TVB to broadcast a special program, which is the signing ceremony of Jia Ku Bank's investment in Sun Hung Kai Bank. At that time, Jia Ku Bank will acquire 30% of the shares of Sun Hung Kai Bank. At the same time, fantasy
Comics has reached a strategic partnership with Sun Hung Kai Bank and deposited HK$1 billion in cash to it, what do you think, Uncle Feng?"
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Feng Jingxi continued to preach excitedly: "Thank you so much, thank you so much!"
Chu Huan smiled and waved his hands: "In addition, Jiaku Bank has purchased 30% of Sun Hung Kai Bank's shares. When Sun Hung Kai Bank exchanges it, it can buy it back at the value of Sun Hung Kai Bank's shares at that time!"
Feng Jingxi waved his hand and said: "No more repurchases. Now I understand clearly that if a bank like ours does not have the support of a top bank, even if this difficulty is over, we may still encounter other difficulties in the future."
Difficulties, if you don’t mind it, Ah Huan, I hope that Koko Bank can permanently become one of the major shareholders of Sun Hung Kai Bank!”
Chu Huan didn't care about this at the time. The main reason for helping with the sale was because he got a loan from Feng Yongfa when he was just starting out.
In addition to these, Chu Huan actually wants to create another momentum in Xiangjiang, and this momentum will give Chu Huan a legitimate reason to take over the chaotic situation of Xiangjiang after the 23rd!
Repay kindness with kindness and revenge with hatred has always been Chu Huan's motto!
.
noon!
There was a long queue at the entrance of Sun Hung Kai Bank's head office and various branches. These people came to withdraw money. At the same time, not only the security personnel of Sun Hung Kai Bank, but also the police were present to maintain order.
In fact, this is not just the case with Sun Hung Kai Bank, but also with other banks that have encountered bank runs.
To put it bluntly, most people in Xiangjiang are no longer interested in going to work. Everyone wants to withdraw their savings as soon as possible to avoid wasting money!
Under such circumstances, a minivan suddenly appeared at the headquarters of Sun Hung Kai Bank... Similar situations also happened in other branches.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content! After the minivan stopped, someone got out of the car and carried a Jiuzhou TV. The staff of Sun Hung Kai Bank obviously also accepted it.
When the notification arrived, someone hurriedly came out to greet me, helped carry the TV to the lobby, and then connected it to the power source to start playing.
Such behavior made the people queuing up in the lobby to withdraw money not only curious, but also a little angry.
Now everyone is waiting to withdraw money, and you actually let us watch TV?
Why do you want to use such means to make us give up withdrawing money from you?
The lobby manager of Sun Hung Kai Bank's head office hurriedly said: "Everyone, everyone, I know that no matter what I say now, you won't believe it, but this time there is really a very important matter that requires everyone.
You know, we believe that as long as you watch the news for a while, you will feel relieved!"
Such a shouting made the depositors at the scene a little confused, but they finally turned their attention to the TV.
The main reason why no riots occurred is that Sun Hung Kai Bank has been meeting everyone's withdrawal needs during the past two days.
Unlike Hang Lung Bank and Overseas Trust Bank, these two banks can no longer withdraw money. Depositors of these two banks have now begun to sit in front of the Hong Kong Governor's Office!
The situation is especially serious for overseas trust banks.
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The news that ICAC and the Commercial Crime Bureau jointly investigated Overseas Trust Bank was finally reported three days ago. In addition, within the management of Overseas Trust, chairman Huang Changzan, board members Wu Huirui, and Zhang Chengzhong have been controlled by the police.
Already.
This made countless people almost go crazy.
The commercials on TV ended, and the live broadcast began of special reports on Koko Bank's investment in Sun Hung Kai Bank and the strategic partnership between Fantasy Comics and Sun Hung Kai Bank.
Wow!!!!
All the depositors in the hall looked at the pictures on TV and this time they really forgot to withdraw money.
Jiaku actually took action?
Are you saying that current Xiangjiang citizens can still trust that company in Xiangjiang?
Jiaku must be firmly at the top of the list!
In fact, during this period, there have been petitions, hoping that top financial groups in Hong Kong such as Jiaku and HSBC can come forward to save the current situation in Xiangjiang. However, neither Jiaku nor HSBC has made any movement during this period of time.
, and it is precisely because of this that more people start to panic.
If even Jiaku and HSBC don't come forward to save the market, doesn't it mean that this time it's really hopeless?
When they saw Kamikura Yasuo, the president of Fantasy Comics, announcing in fluent Cantonese that Fantasy Comics had mobilized 1 billion Hong Kong dollars in cash to be deposited into Sun Hung Kai Bank, all the depositors in the main lobby of Sun Hung Kai Bank burst into cheers.
Your money is saved!
Immediately afterwards, these people saw the armed escort security personnel. When the two of them carried the opened boxes full of cash one by one, the smiles on their faces became even brighter!
As for how Fantasy Comics raised so much cash in such a short period of time, they won't even think about it.
In another time and space, Li Jiacheng's eldest son was kidnapped, and the gangsters of the century needed 1 billion Hong Kong dollars in old banknotes. Although there was not so much in the end, Li Jiacheng called all the banks in Hong Kong to raise so much cash.
Although there are a lot of funds, there are not so many banknotes.
This is common sense.
When boxes of cash were put into the counter of Sun Hung Kai Bank, heavily armed security personnel were guarding them.
Such a scene made the depositors in the entire hall suddenly feel confident!
Jiaku has already taken action, and boxes full of cash have been brought in. What else do they have to worry about?
You can doubt Sun Hung Kai Bank, but there is no need to doubt Jiaku!
The most important thing is that a large number of people in the lobby actually want to withdraw money here and then deposit the money to Jiaku Bank.
Looking at the current situation, it is no longer necessary!
This is the confidence that Jiaku has given the people of Xiangjiang over the years.
As a result, the situation at the scene began to change, and people began to leave their team one after another, and then left Sun Hung Kai Bank calmly.
People tend to follow the herd. If one or two people do it, more and more people will do it.
Then people who didn't line up to enter the hall walked in, and then they saw the videotaped news playing in a loop, as well as the cash in the hall.
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Finally someone left.
In such a cycle, the crisis of Sun Hung Kai Bank's bank runs has actually passed!
The lobby manager of Sun Hung Kai Bank's head office looked at the scene in front of him with slightly red eyes. God knows how much psychological pressure he has endured in the past few days watching those who came to withdraw money!
Although the crisis of Sun Hung Kai Bank has passed, the crisis of the entire Hong Kong run wave has not yet passed. However, the news about the sale of Jia Ku to help Sun Hung Kai Bank has spread in Hong Kong.
As a result, many banks that were suffering from bank runs began to contact Jiaku one after another, hoping to get help from Jiaku.
"Ah Huan, this time I brought Ah Xin here to thank you. I knew you were busy during this period, so I didn't come over. I didn't expect you to be so busy now!"
At this time, in Chu Huan's office at the Chinese Bank, Hu Yingxiang brought Hu Minxin to express his gratitude to Chu Huan!
Previously, Hu Minxin was targeted as a candidate, and Hu Yingxiang came to Chu Huan for help. Chu Huan asked the security department to notify major social groups in Hong Kong to provide information on the matter. Coupled with the police's attention, the police found the person who was imprisoning Hu Minxin that night.
place.
Then Hu Minxin was successfully rescued.
Originally, Hu Yingxiang was going to bring Hu Minxin to thank Chu Huan that night, but Chu Huan had already rested at that time. In addition, Chu Huan had many things to do during this period, so Hu Minxin was just rescued and needed psychological counseling.
Pushed through.
Now that Hu Minxin's situation is not serious, Hu Yingxiang once again brought Hu Minxin to thank Chu Huan in person.
However, during this period, Feng Jing kept reporting to Chu Huan that some bank chairmen had called, hoping to meet Chu Huan!
This is what Hu Yingxiang said just now.
Chu Huan smiled and said: "It doesn't matter. In this situation, even if I answer their call, it won't have much effect."
Hu Yingxiang said to Chu Huan: "Ah Huan, although your help to the Feng family is admirable, I still want to remind you that everything is actually about unequal woes. Now you are helping Sun Hung Kai Bank
, to save Sun Hung Kai Bank from the danger of being crushed by the run wave.
But now in Xiangjiang, many banks are encountering such a crisis. Under such circumstances, apart from the panic of the boards of directors of those banks, what is even more frightened are actually the depositors of Xiangjiang. No one has helped them before.
The only option is to seek takeover by the Hong Kong government.
But now that Ah Huan has taken action, those depositors will see hope.
They don't care what kind of relationship you have with the Feng family. They only know that since you can help Sun Hung Kai Bank, you can also help other banks.
At that time, it is very likely that some people will transfer their anger to your Jiaku!"
Chu Huan nodded and thanked: "Hu Sheng's reminder is indeed worthy of attention, but you also know my relationship with the Feng family, Hu Sheng. If I don't take action at this time, you can still cooperate with me with confidence in the future.
?"
When Chu Huan first entered the Xiangjiang business world, he had already cooperated with the Feng family. Over the years, the relationship between the two parties can be said to be very close, both personally and cooperatively.
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In the current situation, if Chu Huan had not taken action, it would not have been easy for the Feng family to keep Sun Hung Kai Bank. Although the Feng family also had many friends in Hong Kong, they could not do so in a short period of time under the circumstances of Xiangjiang.
, spending so much money to support the Feng family.
In fact, there is only one Chu Huan!
After listening to Chu Huan's speech, Hu Yingxiang showed an expression of admiration and said: "Dr. Chu, it is a blessing for us Xiangjiang businessmen to have Jiaku, the Dinghai Shenzhen, in Xiangjiang!"
Chu Huan laughed and said, "Hu Sheng is exaggerating. Let's just develop together!"
Hu Yingxiang stood up and said: "Director Chu, we father and son will not disturb you. We know that you are busy recently. After this crisis is over, we will thank you properly!"
Chu Huan stood up and shook hands with Hu Yingxiang and said: "You're welcome, Mr. Hu, but I still want to remind Mr. Hu that there is no shortage of desperadoes in Xiangjiang. It's better to have a few bodyguards around you in the future!"
Hu Yingxiang accepted Chu Huan's opinion obediently and said, "Yes, I will handle this matter!"
Then Chu Huan sent Hu Yingxiang out of the office door.
.
"What? Chu Huan took action?"
At the HSBC headquarters, Roy Bentley also received information about Koko Bank's investment in Sun Hung Kai Bank.
"This is strange. I thought Chu Huan's first move would be Hang Lung Bank or Overseas Trust Bank, but I didn't expect that he would be the first to help Sun Hung Kai Bank!"
Shen Bi said: "There are rumors in the world that Chu Huan received help from the Feng family when he started his business. According to Chu Huan's character, it is reasonable to help Sun Hung Kai Bank."
Roy Bentley said: "But doesn't Chu Huan know the current situation? Even the Hong Kong government has not made any move. If he helps Sun Hung Kai Bank at this time, all depositors in Hong Kong will go to Jiaku Trouble with the bank!”
Obviously, Roy Bentley also thought of the issues that Hu Yingxiang thought of.
Shen Bi said: "There is nothing Chu Huan can do about it. His relationship with the Feng family is known throughout Xiangjiang. Chu Huan has always regarded himself as the number one person in the business community in Xiangjiang over the years. If he does not help Sun Hung Kai Bank at this time, If so, his status in the minds of Xiangjiang businessmen will also be affected by then!"
"The burden of fame!" Roy Bentley shook his head and said.
Shen Bi said with a somewhat complicated expression: "I think it is very appropriate for Chu Huan to take action at this time."
"Why do you say that?" Roy Bentley asked.
Shen Bi explained: "I just received news that the British side has decided to let the Hong Kong government stabilize the current economic situation in Hong Kong no matter what before Mrs. Thatcher visits China. In other words, even if the Hong Kong government Knowing that things would be more troublesome this time, I would definitely take action!"
Roy Bentley was stunned for a moment, but he didn't expect that Shen Bi would know the news earlier than him.
"If that's the case, can we take action?" Roy Bentley asked.
Although in previous discussions, they have decided that HSBC's future development plan will be based on overseas strategies, but if the Hong Kong government wants to take action now, Roy Bentley also wants to take advantage of this time to make more Attract some local banks in Hong Kong into HSBC's lineup.
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Shen Bi shook his head and said: "I'm afraid it won't work. I've already negotiated with Mitland Bank, and the other party has agreed to our plan to fully acquire them. Now we have no extra funds to deal with other banks in Xiangjiang! "
After the three of them discussed it, Shen Bi began negotiations for a comprehensive acquisition with the British Midland Bank.
Now the other party has agreed.
And they also have to pay each other's acquisition funds!
When Roy Bentley heard what Shen Bi said, he could only say with some pity: "Forget it, we can't let the acquisition of Midland Bank happen unexpectedly!"