Hong Kong Island Old Events

A hint of sullenness appeared on He Dingxian's face, he suppressed his anger and asked: "Feng Changli, what do you mean?"

"Since foreign banks have initiated a run, they have seen through the insufficient funds of small banks and medium-sized banks, and taken advantage of the correction of the property market to attack the Chinese banking industry." Feng Jinxi ignored He Dingxian's expression and analyzed sentence by sentence: "These small and medium-sized Chinese banks Capital banks, regardless of risks, pursued the real estate market, and used the law to declare bankruptcy when there was a run on banks."

"Obviously there are still financing channels, but they are afraid of the risk of loan sharking, so they choose to protect themselves wisely and give up fighting for the banking industry. Under the strong pressure from British-owned foreign banks, they dare not withstand the risks. No matter how they save them, they will end up bankrupt sooner or later."

"We can use money to rescue the market, but can we also force them to borrow money? It is better to keep the cash flow in hand and take the opportunity to acquire small and medium-sized Chinese banks."

"And if I spend money to save them, if the rescue fails, the cash flow will turn into liabilities. In the end, what will Hang Seng, Oriental, and East Asia do to stop them?"

Feng Jinxi is worthy of being the earliest "stock god" in Hong Kong Island. The gene of borrowing the market to pursue profits is also engraved in his bones. His first idea is not to rescue Chinese-owned banks first, but to wait for Chinese-owned banks to go bankrupt and then merge and reorganize them.

He Shanheng also showed emotion after hearing this, and said: "The bankruptcy of a group of small and medium-sized Chinese banks will be beneficial to bursting the property market bubble and raising housing prices as soon as possible. As long as our three banks are stable, Chinese finance will It won’t fall.”

"When the financial industry is safe, we can completely release financial means to stimulate the rise of the property market."

"Oriental, Hang Seng, and East Asia will also become the three major Chinese banks alongside the four major foreign banks in this financial crisis."

Li Guanchun's heart skipped a beat, and his long-lost ambition was rekindled. However, as a veteran banker who had been severely punished by foreign banks, he remained rational and remained silent throughout the whole process. He Dingxian took a sip of tea and turned to look at Xu Shifen, Huo Guantai, Zheng Yutong, and Chen Lanfang. The rest of them were not in the banking industry and could not figure out the ghost man's methods, so they did not dare to express their stance in a hurry.

He Dingxian looked at He Shanheng again: "Chairman He, as the current chairman of the Guangdong Provincial United Chamber of Commerce, you should not say this. In addition to being the chairman of Hang Seng, you are also the boss of more than 7,000 brothers in the Guangdong Provincial Chamber of Commerce. .”

"Once there is a problem in a Chinese-funded bank, the chain reaction will cause how many factories and shops to break their capital chain, fall into selling at low prices, and sell their assets at low prices?"

A trace of shame appeared on He Shanheng's face, and he finally sighed: "If the bank bosses and bank shareholders can take the responsibility, I will also be willing to spend money to rescue the market. But what Mingde Bank did tells us that it is better to save them." Own."

Zheng Yutong sat in the corner, lit a cigarette, and smoked quietly alone.

He Dingxian suddenly realized that he thought too well of the businessmen!

Most of the bosses who started their business from the bottom have developed the courage to help each other and overcome difficulties due to wars, turmoil and other times. They know that only by uniting can the weak prevail. But most of the bosses in the finance and banking industry are wealthy businessmen for their ancestors. They grew up in a wealthy family, and coupled with the financial industry, they use mergers, bargain hunting, short selling and other means to make profits. In terms of character, the big fish eats the small fish, and the small fish eats the shrimp. The winner is the king, and the loser is the bandit.

Is this mentality wrong? This is absolutely true in business, but when faced with a capital war, it is easy to be blinded by money and unable to find a correct position at all. Sure enough, the bourgeoisie is accustomed to being tough internally and compromising externally.

Full of weakness and compromise.

Although we are all successful people in the business world and sit together in meetings, our backgrounds, industries, and positions are different, which can lead to inconsistencies in our ideas. Historically, He Shanheng always regretted selling 51% of Hang Seng's shares during the bankruptcies. Now it seems that He Shanheng's character cannot control Hang Seng.

It’s not that he has no chance to save his eternal life, but he sees small profits and forgets the righteousness!

The four major British-funded foreign banks can stand together and jointly contribute to the British-owned companies under the foreign banks. How about the Chinese-owned banks in Hong Kong engaging in internal mergers? Isn’t this the idea that in order to fight against the outside world in the economy, one must first settle down at home? He Dingxian looked deeply at He Shanheng, and secretly decided in his heart: "Rather than letting the ghost eat him in one bite, it is better for me to eat it, otherwise the ghost will be fattened sooner or later."

Of course, he will not make things difficult for He Shanheng and Feng Jinxi now, nor will he take the initiative to trouble Hang Seng. But once the trouble affects Hang Seng, it will be difficult to borrow low-interest funds. He Shanheng was stared at by He Dingxian and felt a little guilty. Compared to the yet-to-come squeeze crisis, the ruthless man in front of him frightened him more.

"It doesn't matter." He Dingxian said in a relaxed tone: "The meeting itself is a way for everyone to express their opinions and discuss with each other. What Chairman He and Changli Feng said is not unreasonable, but I also have my own considerations."

"If small and medium-sized banks are allowed to go bankrupt, the losses will be too great and the risk will be greatly increased."

"Because, if you want to acquire small and medium-sized banks and bank accounts, you also have to pay cash flow, otherwise, the bankrupt banks will be eaten up by the ghosts. In both ways, the cash flow payment is certain, and it is nothing more than what The chairman’s opinion is that some companies can be taken out, but the risks are high. My plan, let alone interest, may not be able to recover the principal, but it is better than providing sufficient support to small and medium-sized enterprises and boosting the Chinese banking industry. confidence."

"Everyone, the squeeze trend is a trust game. The more our customers trust us, the greater our chances of getting out safely."

"How do we make customers trust us? First of all, we must have confidence and confidence. On the contrary, once the panic spreads, it will not be controlled by people's reason. No matter how many measures are introduced and no matter how much news is published, it will be restored."

Hang Seng Bank has also developed very well in recent years, with hundreds of millions in cash in its capital pool, so it is full of confidence and feels that it can stop the ghosts and take advantage of the opportunity. As everyone knows, the more confident you are, the more miserably you will fail.

As the founder of the Chamber of Commerce, He Dingxian did not want the bottom members to go out of business on a large scale and commit suicide by jumping off the building, so he had to give the members a shot in the arm first.

how to spell?

Throw money!

And even if Chinese banks continue to fail in the process of distributing money, the money will not be wasted. Because the Chinese-owned factories that have been saved will become customers of Chinese-owned banks in the future and become the foundation of the financial industry.

If the financial industry is separated from the real industry, it will be like a rootless tree, brewing a more terrifying financial crisis. If there is a financial crisis on Hong Kong Island, no one will come to help, and more low-income citizens will die.

The lower you are at the bottom, the worse your ability to resist risks. Big bosses can still sell off their industries to survive, but they have no other choice but to die.

"Only by first boosting the confidence of Chinese-owned bosses and members of chambers of commerce, customers will gradually become more and more confident, and the storm will be subsided, and then we can settle accounts with the ghosts." He Dingxian said after a pause: "Everyone We are about to suffer a loss, and there must be resentment in our hearts, but to make money by eating the flesh and blood of our compatriots, we should unite people through this incident and pull out the ghost guy’s skin later.”

"See for yourselves."

He raised his wrist and glanced at the hands of the watch, and said aloud: "When the Chamber of Commerce was established, it was said that when the council has different opinions, it can first take a vote. If the result is a tie, or someone wants to protest, This can be extended to a vote of all members.”

"Since all the directors of this term are already here, let's drink tea, rest for fifteen minutes, and make a formal vote."

He Dingxian stopped talking, but lowered his head to sip tea.

When Xu Shifen, Li Guanchun, Huo Guantai and others heard that Boss He wanted to fight back and settle the score with Gui Lao, they couldn't help but feel awe in their hearts. Because Boss He has never been a person who tells lies, and he does have the confidence to settle accounts with ghost guys.

Of course, before settling accounts, we must not only overcome the immediate difficulties, but also take advantage of this difficulty to strengthen the unity of the Guangdong Chamber of Commerce. Social organizations all have one characteristic, that is, the more they fight, the stronger they become, and the more they fight, the more united they become. As long as they cannot be defeated, they will become stronger!

Just like forging iron, every hammer and every blow is forging a sharper sword!

It is normal for a chamber of commerce to have different classes and factions. This is the characteristic of a large chamber of commerce, and voting is legal and respected. Xu Shifen, Li Guanchun, He Shanheng and others stood up and left the teahouse one after another. They walked to the eaves with people who were more similar to them and started smoking and chatting.

Fifteen minutes is enough time for people to say a lot and think a lot, but fifteen minutes is not enough time for people to change their thinking and stance. It will only make those who support it more supportive and those who oppose it, firmly opposed.

Soon, Li Guanchun, Zheng Yutong, He Shanheng and others all sat back at the wooden table. He Dingxian waved to Qiu Degeng, who was waiting aside, to come over and take the minutes of the meeting. Then, he said: "On February 4, regarding the run on Chinese banks, the Guangdong Chamber of Commerce proposed two plans. Those who support Chairman He's plan raised their right hand, and those who supported my plan raised their left hand."

"Vote immediately in public!"

After speaking, He Dingxian raised his left hand. He Shanheng and Feng Jingxi raised their right hands in unison. The other directors did not hesitate. Zheng Yutong, Huo Guantai, Li Guanchun and Xu Shifen all raised their left hands, while Chen Lanfang raised his right hand.

He Dingxian calmly took a sip of tea and said: "The entire council participated in the voting, with a total of eight votes, three votes supporting Chairman He's plan, and five votes supporting my plan. We will implement my plan."

"All directors, please sign the minutes of the meeting. When you need to contribute money and effort, if someone is cheating or making trouble in secret, don't blame me for being ruthless."

Qiu De obediently sealed the minutes in front of the big boss, along with a box of ink pads and pen and ink.

He Dingxian nominated and signed his name, pressed his red fingerprint, and transferred the minutes to the next person.

After all eight directors pressed their fingerprints, he looked at He Shanheng and said: "Chairman He, please make an announcement of the meeting results and announce it to all members."

"good."

He Shanheng nodded slightly, his tone a little disappointed, but not surprised, because he had already guessed the result.

"In addition, you have to be responsible for contacting the Shanghai Chamber of Commerce and the Chinese Federation to take the lead in attracting funds. Hong Kong Island is not a chamber of commerce in Guangdong Province, and the banking industry is not only done by people from Guangdong Province."

He Shanheng readily agreed: "Understood!"

"Let's ask all the banking bosses in the Chamber of Commerce to come to Ruihe Hall for a meeting at six o'clock in the evening." He Dingxian turned around and said, "You can do this for me. We have to calculate how much Hong Kong paper the Chamber of Commerce can raise. Without a silver bullet, you can’t fight a business war.”