History of Hong Kong Island

Chapter 428
"Now the bank account is not worth 800 million yuan at all. Once the acquirer finds out, the asset price will be greatly reduced. The money borrowed from usury will not be liquidated due to bankruptcy. Who of us can afford it? The only way is to ask the chamber of commerce to lend 200 million yuan to pay for tonight."

Although the chamber of commerce also needs interest, it is only two percent more expensive than bank interest.

Zhou Weimin hurriedly stood up and said, "You guys stay at the bank first, and I'll drive to the Chamber of Commerce to find Chairman He right now."

This year, the Guangdong Province United Chamber of Commerce is about to take the turn of the boss of Hang Seng Bank, and He Shanheng will be the rotating chairman.

the next day.

Early in the morning.

He Dingxian just got up, washed up, and sat at the dining table to eat breakfast.Chu Yunnan put a newspaper on the table, sat down and said, "Yesterday evening, Mingde Bank suffered a squeeze, and 500 million Hong Kong dollars were exchanged within [-] hours."

"This morning, I couldn't afford the 130 million Hong Kong dollars to be cashed, and now Mingde Bank has been surrounded by more than 1000 depositors."

He Dingxian took over the business daily, and the article only contained news about the stock price drop in the morning market, and there was no news about the bankruptcy of Mingde Bank. It seems that public opinion is still within the controllable range.

"What's the trouble with this small bank?" He said indifferently, eating bread: "I remember that it is also a registered company of the Cantonese Chamber of Commerce. Didn't Chairman He take the lead?"

"Hang Seng Bank urgently transferred 250 million to Mingde Bank, and it was paid out in one night." Chu Yunnan said: "The owner of the bank, Zhou Weimin, has already planned to file for bankruptcy with the court to liquidate his assets, and he has no courage to borrow any more money."

Ask the chamber of commerce to borrow money. After bankruptcy, the chamber of commerce will not urge you to die.

The account is still hanging.

If the bankrupt boss has the ability to make a comeback, he can re-enter the Chamber of Commerce after paying the arrears.

There is a way out.

In fact, Zhou Weimin could have gambled his whole family's life and went to Haojiang to find Gao Kening, but if he didn't survive the crisis, all his family members would have to jump into the sea.Otherwise, the women will be dragged to sell, and the men will be coolies, and there will be no peace day and night.

It seemed that Zhou Weimin still cared about the lives of his family.

"It's young people who are desperate to start a business. Boss Zhou has been running a bank for more than 30 years and is already in his 50s. His grandson is about to graduate from college."

"Sell a few buildings this time, and pay back the money from the chamber of commerce. How should I live my life, and how else can I live."

He Dingxian is very clear about the plan of Mingde's boss: "In the end, the debt will be insolvent, and the losses will be borne by the depositors."

"It only took 24 hours from squeeze to bankruptcy. There must be hands behind the scenes."

Chu Yunnan nodded: "It's Wharf."

"Wharf first forbids the owner of the goods to settle the rent by check, and then spreads the news of Mingde Bank's loss. Although Mingde Bank does have a book loss, but if it does not encounter a squeeze, it can survive for another two years."

"It is impossible for the housing market to continue to fall."

He Dingxian frowned: "I persuaded them to give less firewood to the real estate industry, but no one listened. They all started chasing the rise. At least two-thirds of the cash in the Chinese-funded banking industry has been invested in the real estate industry. How did the real estate market get up?"

"They chased him with money."

Although the stimulus measures such as unplanned properties, installments, and shared shares have not yet been released, hot money has poured into real estate. The wealthy class first supported a wave of real estate. Later, those stimulus measures did not stimulate the rich to buy properties, but squeezed the bottom citizens to let them buy properties.

Therefore, the real estate industry does have potential now.

However, the crisis in the financial industry was the first to erupt on Hong Kong Island. Once the Chinese-funded finance in Hong Kong fell, a large number of Chinese-funded factories and companies would be severely harvested. The assets taken away would be directly borne by depositors, involving 200 million Chinese in all aspects.

"The squeeze is not going to stop so easily."

He Dingxian felt a little uneasy. Although he didn't know that there was a bank run on Hong Kong Island, he knew that there was a stock market crash in Hong Kong Island in the 60s.The stock market crash led to the suspension of more than 100 Chinese-funded listed companies, hundreds of various shops and enterprises went bankrupt, and the property market plummeted.

The best Chinese bank "Hang Seng Bank" was forced to sell a little bit of 50.00% of its shares, was acquired by HSBC and became a subsidiary bank of HSBC.

Shi Guilao dominated the financial industry for a long time until the 90s, and only after the reunification did he become slightly weaker.

Combined with the June 60th storm and the clean government storm in history, from the mid-70s to the early [-]s, it was really a period of many disasters and disasters never come singly.As a politician, it is impossible for him to look at an incident alone, but to connect a series of incidents and think carefully.

He has to admit that these few years are the key years for the survival of British-owned foreign firms. If, as in history, British-funded foreign firms won, in the 90s, Chinese-funded firms would be ecstatic to acquire a foreign firm.As everyone knows, British capital is still the most profitable capital on Hong Kong Island.

If history can be changed and the British-funded foreign firms defeated, then in the mid-80s, the Chinese-funded companies are likely to develop into a strong party, occupying a dominant position, influencing the Hong Kong government’s policies and legislation, and letting the British-funded companies eat leftovers.

And this run for money does not require any prophetic ability, as he is the chairman of the Eastern Bank and the permanent director of the Cantonese Chamber of Commerce.If you don't see anything related to stocks and bonds, ten years in Hong Kong Island will be in vain.

The head cannot grow only in the previous life.

You have to grow your head in this life!

"This time the matter is not easy. You should immediately contact Lao Dou and your uncles to have a chat, and prepare to raise some money to save the market. I will take a leave of absence from the police force and drive to the chamber of commerce to ask everyone to sit down and talk, and strive for everyone to work together to tide over the difficulties."

"Tell Qiu Degeng to come to the chamber of commerce to find me."

He Dingxian wiped his mouth clean with a towel, stood up and said: "Ghost wants to cut our flesh, I have to let him break out two teeth, blood debt blood."

"Don't worry about it."

"I'll take care of Laodou's side." Chu Yunnan tidied up the dishes with a gentle and calm demeanor.

He Dingxian put on his tie, walked out of the house, got into the car with several bodyguards and left.

"Go to Ruihetang."

He spoke in a hurry, but he didn't panic at all, because he owns an Eastern bank under his command, and the savings fund pool has exceeded one billion five years ago, and the treasury is full of hard currencies such as Hong Kong dollars, British pounds, US dollars, and gold.Investment projects are also relatively diversified, including real estate, shipping, ferries, electrical appliances and so on.

Every industry is making money, and he is not afraid of the coming wave of liquidation. To be honest, he doesn't even know how much money he has in the bank!Can the opponent know?Is it accurate?

Moreover, he established the Guangdong Province United Chamber of Commerce, which has a large recognized organization that can concentrate its efforts on major tasks, and the conditions are much better than those of Chinese capital in history.It's not that he has no cards to play, so naturally he won't panic.My heart is more about the same hatred in the face of the colonists' plunder.

Of course, once the stock debt occurs, the value of his assets will also shrink a lot.The power of Chinese capital has deteriorated, the size of the Guangdong Provincial Chamber of Commerce has been cut, and the middle and low-level small bosses are heavily in debt and complaining, which is also very unfavorable for his future development.

"When enjoying the majesty of Hong Kong papers in the left hand and police guns in the right hand, he also has to shoulder the business affairs and the troubles of the police circle." He Dingxian knows that the next few years will not be free, and feels that things are a little tricky, but he has no choice. He enjoys the rights and should be responsible.

"I've carried it all by myself!"

After half an hour.

He Shanheng, Li Guanchun, Zheng Yutong, Chen Lanfang, Feng Jinxi, Huo Guantai, Xu Shifen, a total of seven directors of the chamber of commerce received a call, put down their work and rushed to the hall.

Among them, Li Guanchun, Zheng Yutong, Chen Lanfang, and Feng Jinxi are permanent directors, and Huo Guantai, Xu Shifen, and He Shanheng are non-permanent directors.

Huo Guantai served as a non-permanent director for the second time, and He Shanheng was also elected as the rotating chairman as a non-permanent director.

In the Guangdong Provincial Chamber of Commerce, the non-permanent directors and the rotating chairman are re-elected every two years, and the replacement speed is very fast.Many big bosses and new members have been given the opportunity to work.For example, Xu Shifen, as the second son of Mr. Xu Aizhou, has just been in charge of the family business for two years, and already has the opportunity to sit on the board of directors.

This undoubtedly greatly increased the vitality of the Chamber of Commerce in Guangdong Province, so that the Chamber of Commerce would not become lifeless and become a group of big bosses seeking personal gain.

In the past two years, He Shanheng has done a good job as the rotating chairman of the Chamber of Commerce. It can be said that the rotating system has been recognized by more than 7000 members.The power of the permanent directors has also increased accordingly. When discussing internally, the right to speak is no weaker than that of the rotating chairman.

At this time, He Dingxian sat at a round table in the middle hall, and handed cups of brewed tea to the directors present.

"Mr. Xu."

"Thank you." Seeing that Xu Shifen was still sweating on his forehead and looking anxious, he expressed his condolences.

Xu Shifen shook his head: "Thank you, He Changli, for the tea."

"The reason why I called everyone here today is actually because Mingde Bank encountered a storm of liquidation and filed for bankruptcy with the court." He Dingxian looked at the crowd who had sat down, and said: "Just do an internal communication first, and discuss a consensus, which can be used as the next implementation policy."

"Ah Yin."

"What do you mean is that the run for cash will not stop?" Huo Guantai did not manage the bank's operations, but he was very vigilant. He Dingxian said bluntly: "The bankruptcy of Mingde Bank is not an accidental event!"

"Some people see Chinese-funded banks blindly chasing the real estate market, and want to take advantage of the real estate correction period to launch a financial looting."

As the boss of the Bank of East Asia, Li Guanchun immediately frowned and said, "This kind of method of creating a squeeze and trampling on the bank is a common method used by foreign banks."

He Shanheng said: "I urgently transferred the money to Mingde Bank yesterday, but Mingde still didn't hold on. The squeeze is like a domino. The first one falls, and then a series of squeezes follow."

He Dingxian nodded: "Chairman He, Feng Changli, Li Changli, you are all big players in the financial industry. You should have seen the methods of foreign banks in Shanghai. The four of us sitting here can decide the plans of the three largest Chinese banks on Hong Kong Island."

"Save the city!"

"How to save?"

He Shanheng, Li Guanchun, and Feng Jinxi all fell silent.

"Mr. He."

"Do you have to start saving now?"

Feng Jinxi asked aloud.

(End of this chapter)