Rebirth of the Strongest Tycoon

The intervention of the Hong Kong government has caused a great shock to the banking industry in Hong Kong.

First, Hang Lung Galaxy and Ka Wah Bank were forcibly taken over by the Hong Kong government, and the Zhuang brothers and Liu brothers were restricted from leaving the country.

Only after the financial bureau finds out that the Zhuang brothers and Liu brothers are not involved in illegal acts such as financial fraud or transfer of assets, can they restore their personal freedom.

Although the Hong Kong government has taken over the two banks, the run-off caused by the two banks has spread to small and medium-sized banks in Hong Kong, and the run-off more than a decade ago has appeared in the minds of many elderly citizens.

From 1961, Liao Chong Hing Bank started the run-off storm, and the follow-up impact has always existed. In 1965 and 1967, a large-scale run-off storm broke out. It can be said that the 1960s was a dark period for the Hong Kong banking industry, and many banks failed. home, many savers lost their money.

Today, the run-off caused by Hang Lung Bank and Ka Wah Bank is no smaller than it was back then.

Many older citizens explained to the younger citizens the turmoil of the withdrawal more than ten years ago, which caused panic in the whole of Hong Kong, and more and more people went to small and medium banks to withdraw money.

Seeing this situation, MacLehose urged Xia Dingji to speed up the investigation of the foundations of the two major banks.

Unexpectedly, before it was clear, the news that Xie Liyuan Gold Shop was depleted suddenly broke out.

Xie Liyuan Gold Shop is a famous gold shop in Hong Kong. It was founded in 1867 and is already a century-old shop.

A few years ago, Xie Liyuan Gold Shop launched the "Thousand Pure Gold Accumulation Plan", which started the trading of gold futures. Citizens can open gold accounts and buy and sell gold at the gold price set by Xie Liyuan Gold Shop on the day.

Because the Xie Liyuan Gold Shop itself operates gold, the gold futures purchased by the public can be directly exchanged for real gold, so that the citizens have strong confidence in the Xie Liyuan Gold Shop, so it was popular in Hong Kong once it was launched.

It's just that after the paper gold business was just launched, Xie Liyuan Gold Shop would still diligently go to buy gold in the international market, but over time, Xie Liyuan Gold Shop would relax, management imbalance, and misappropriation of funds, resulting in Xie Liyuan Gold Shop itself. Large gold reserves.

Coupled with the sudden surge in the international gold price, Xie Liyuan Gold Shop also suffered serious losses.

But fortunately it was covered up properly, and the public did not find the problem.

It is a pity that Hang Lung Bank and Ka Wah Bank exploded in the gold futures business, which led to a run on the gold futures, and the gold futures orders could no longer be accepted.

Xie Liyuan Gold Shop has no large-scale gold reserves and little liquidity. In the face of customers waving paper gold bills, Xie Liyuan Gold Shop's funds have bottomed out, and they have no choice but to close the door and refuse to pay.

Following Hang Lung Bank and Ka Wah Bank, another gold shop is on the verge of bankruptcy. The citizens' already fragile nerves are tense again. More people are rushing to the bank where they have deposited their money. Xie Liyuan Gold Shop.

The number of victims who came to the Hong Kong government to petition increased again, and MacLehose was furious. He once again recruited people from the tax department, and at the same time conducted a regulatory investigation on the Xie Liyuan Gold Shop.

As a result, on the fourth day, that is, on March 17, Xie Liyuan Gold Shop, the smallest in size, directly announced its closure, and the century-old enterprise collapsed suddenly.

In the Jiuding Bank Building in Central, Xia Yu and Liu Tianci looked at the crowded bank hall, and both showed satisfied smiles.

Other small and medium-sized banks are worried that the business hall will be crowded, because all the people who go there are for withdrawals.

However, Jiuding Bank couldn't hope for more people to come, because except for a very small number of people, most of them came to deposit.

At this critical time for the banking industry, Jiuding Bank, backed by Jiuding Culture Media Group, has a huge advantage in public opinion. After repeated publicity, the public has full confidence in Jiuding Bank.

Although Jiuding Bank is a new large-scale bank, who made Jiuding Bank rich in capital, so it can rise against the market and absorb deposits on a large scale.

"Chairman, I didn't expect the news from Hang Lung Bank and Ka Wah Bank.

On the contrary, Xie Liyuan Gold Shop, which did not pay attention, closed down. "

Liu Tianci sighed, with an inexplicable smile on his face. When he learned that Xie Liyuan Gold Shop had a problem, he was greatly surprised, but he did not feel sympathy. Although Xie Liyuan Gold Shop was affected, if there was no problem with it , it will not close.

All I can say is do it yourself!

Xia Yu smiled and said indifferently: "Xie Liyuan Gold Shop is closed down because he deserves it, and he can't blame others. If he doesn't explode now, it will explode later, and he will die sooner or later."

"Pay close attention, Hang Lung Bank and Ka Wah Bank can't handle it anymore, they will declare bankruptcy in two days at most, then the Hong Kong government will choose to find other banks to take over, HSBC Bank and Standard Chartered Bank will not leave dead rabbits untouched. of."

Liu Tianci nodded and replied, "Don't worry, our bank is a big creditor of Hang Lung Bank and Ka Wah Bank. Even if HSBC and Standard Chartered use their relationship, our bank has a good chance of winning."

"Well, you can grasp it well!"

Xia Yu nodded with a smile.

...

In the HSBC Building, Shen Bi put down the newspaper in his hand and listened carefully to the report of Tom Yasuo, the manager of the M\u0026A department.

"Chairman, I have already made inquiries. Hang Lung Bank misappropriated funds from customers to purchase gold futures, resulting in a loss of 320 million Hong Kong dollars. In other accounts, the Financial Bureau is still in the process of accounting."

"Ka Wah Bank lost even less, but it also lost HK$220 million in gold business."

"According to our analysis, the probability of bankruptcy of Hang Lung Bank and Ka Wah Bank is 95%."

"Hang Lung Bank and Ka Wah Bank have the value of acquisition. Hang Lung Bank's net assets are between 280 million and 350 million, and its total assets are probably more than 3.5 billion Hong Kong dollars. Ka Wah Bank's net assets are between 200 million and 250 million. Its total assets More than 2.5 billion Hong Kong dollars.”

"If HSBC buys shares in the two banks, the two banks will be able to tide over the difficulties after the capital injection. As long as they operate properly, the losses can be made up in about three to four years."

After listening to this, Shen Bi thought for a moment, and instructed Tom Yasuo: "You all get ready, and contact the Hong Kong government as soon as possible after Hang Lung Bank and Ka Wah Bank go bankrupt, and it is best to take over the whole thing."

"Yes!"

Tom Yasuo was refreshed, then turned and left.

In 1965, Hang Seng Bank, one of the big Chinese banks at the time, was hit by a run-off. At that time, it was not even bankrupt. He Shanheng, then the chairman, borrowed money everywhere to prepare for emergencies.

However, He Shanheng's well-connected wealthy businessmen and banks did not lend a helping hand. He had no choice but to ask foreign banks for help, and asked HSBC for help. As a result, HSBC promised to help Hang Seng Bank with unlimited funds to help it through the difficulties.

However, HSBC's condition was to eat Hang Seng Bank and buy 51% of Hang Seng Bank's equity. He Shanheng only agreed to 35% of the equity. Unfortunately, in the end, in order to prevent Hang Seng Bank from going bankrupt, Ho and the Hang Seng Board of Directors had to reluctantly accept HSBC conditions.

To this day, HSBC has still held 51% of Hang Seng Bank, and a huge Chinese bank has become a pawn of HSBC.

The situation this time is different from before. Hang Lung Bank and Ka Wah Bank are the source of the run-off, and HSBC is too late to help.

But this time the opportunity is bigger, what Shen Bi wants more is to directly eat both banks.

As long as the two banks declare bankruptcy and liquidation, with the capability of HSBC, it is completely possible to take over the two banks without spending a penny, and the price only needs to bear the debts of the two banks.

With the strength and power of HSBC, Shen Bi was confident that as long as he took over the two banks, he would be able to survive the run-off storm, and then spend a few years running the business, so that the profits of Hang Lung Bank and Ka Wah Bank would make up for the losses. As a result, it is equivalent to HSBC picking up two banks in vain, and the price is only low debt and a few years of operation in vain.

If the market is good, maybe the loss will be recovered in two years or even one year of operation.

This is much more cost-effective than investing in Hang Seng Bank in 1965, and it is not only 51% of the shares, but can be swallowed whole.

Bank insolvency means that the bank's net assets are less than the losses, not the total assets of the bank.

Generally, the net assets of banks are less than 10% of the total assets of banks, and it is precisely because of this that banks have such high returns.

Therefore, even if Hang Lung Bank and Ka Wah Bank go bankrupt, in fact, both banks still have assets of HKD 2 to 3 billion. These assets do not belong to banks in essence, but are managed by banks. bonds, etc.

If you can take over these two banks at zero cost, or at the expense of Beishang's low debt, it is equivalent to directly pulling in deposits and business volume of 5 or 6 billion. Where can you find such a big cake?

Of course, not everyone has the ability to bring them back to life after taking over two banks. There are not many people with this ability in Hong Kong.

Standard Chartered Bank counts as one, Jiuding Bank counts as one, Taikoo Consortium counts as one, and Bank of China counts as one. Of course, the branches of major British and American banks in Hong Kong also have the same strength and qualifications.

The helms of these banks and forces are not good stubborn, and their ideas are similar to Shen Bi. When the time comes, it will see who has the best skills and can eat meat to the mouth!

All the predators sharpened their teeth and waited for Hang Lung Bank and Ka Wah Bank to go bankrupt.

Soon, two days passed in a flash, and in the blink of an eye it was March 19.

The Hong Kong government finally checked the situation of the two banks. There is no accident that both banks are insolvent.

Among them, after the net assets of Hang Lung Bank offset the losses, the net assets were negative 23 million Hong Kong dollars.

After the net assets of Ka Wah Bank offset the losses, the net assets were negative 16 million Hong Kong dollars.

Two banks went bankrupt at the same time! The Hong Kong government will hold a press conference to ask all depositors to wait patiently, and will give an explanation to all relevant depositors.

And all the crocodiles who had been waiting for a long time, all dispatched in an instant!

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