Hong Kong Island Old Events

When the bank bosses heard that the Chamber of Commerce was opening interest-free loans, their restless moods cooled down. The first feeling was disbelief, and the second feeling was overwhelming gratitude! As for the so-called asset mortgage, as long as the money can be redeemed afterwards, it is actually the concept of writing an IOU.

The Chamber of Commerce did not take the opportunity to offer high interest rates, and the merger of banks not only provoked the backbone of the Chinese banking industry, but also made it possible to repay society.

If, after the bank borrows money, there is a run on the bank and becomes insolvent, it will actually be difficult to get back all the money lent. Because the three major banks of the Chamber of Commerce do not all have the first creditor's rights, the asset sale must first compensate the first creditor.

Of course, the Chamber of Commerce will not lose everything. It will not be able to recover a penny, but will still be able to recover more or less 70 to 80%. Cashing checks and banknotes in exchange for quotas does not give bank bosses the opportunity to arbitrage and use bailout funds for nothing.

In fact, bank bosses don't dare to do such extreme things, but there must be rules for everything, and there must be rules for bailing out the market. Several bank bosses brought part of the cashed check and immediately cashed the amount on the check.

Qiu De even accepted the check, asked the bank clerk to take the bank boss to complete the mortgage procedures, and then lent the Oriental Bank check. Bank bosses took Oriental Bank's checks to the counter to cash them, and then shipped them back to the bank for redemption to customers.

Most bank bosses did not bring checks to the chamber of commerce. When they saw that some bosses had already started to go through the formalities, they hurried back to the bank to get the check.

Then he came to the club with boxes of checks to borrow money.

From the time Qiu Degen set up the table to collect the checks, the Chinese-funded market rescue process had already begun. He took a breath and raised his sleeves to wipe the sweat from his forehead, as if he was surviving a disaster.

He carried the cash box and walked down the steps. When he arrived in front of the water tank in the middle hall, he seemed to remember something and stood there in a daze for a moment. Qiu Degen glanced at him and felt a little weird. Just when he was suspicious, Boss Xu put the cash box on the ground, turned around, picked up his gown, knelt on the ground, took off his hat, and kowtowed three times.

"despair!"

"despair!"

"despair!"

When Boss Xu knelt down, Qiu Degen immediately stood up from his chair and avoided it. The other bank bosses present were also stunned for a moment, and they all ducked out of the way and looked at Boss Xu. Boss Xu said: "Thank you to the Chamber of Commerce for opening a warehouse to save the market and help our neighbors!"

Qiu De was about to speak out to persuade Boss Xu to stand up, but saw that Boss Xu had already stood up and bowed: "Mr. Qiu, please also thank Chairman He, Boss He, and many chamber of commerce directors for me."

Immediately, Boss Xu left in a hurry, Qiu De laughed even more, and understood that Xu Mingye was not kneeling to him, nor to Boss He, but was kowtowing to a plaque on the column of the hall. I saw that a couplet from the original Chaoshan Chamber of Commerce was engraved on both sides of the central hall. On the left, there are the characters "Be brave to stand at the forefront and dare to be the first." On the right, there are the words "Unite and enterprising, and the neighbors are harmonious." There is a couplet hanging in the middle. The black lacquered and gilded plaque has the four characters "National Rejuvenation" written on it.

The words are written by Mr. Chu Weinan, the founder of the Chaoshan Chamber of Commerce, and were written in the 1940s when the Chaoshan Chamber of Commerce was founded.

Afterwards, Qiu De sat down again and started handling business, but before leaving, the bank bosses would bow deeply to the plaque in the nave as a salute.

The spirit of the Chamber of Commerce can be seen in times of crisis, and the soul of the Chamber of Commerce can be molded together.

In the past, members only relied on the strength of the Chamber of Commerce, and no one took the four words "National Revitalization" to heart. Many people even subconsciously ignored the plaque. Only today, the Chamber of Commerce unites knowledge and action and puts it into practice, making this sign shine. Shine, giving it a heavier weight.

Wing Tai Bank.

Xu Mingye came to the door with several Dongfang Bank cash trucks, looked at the more than two hundred customers blocking the door, raised his hands and shouted: "Boss, the bank will accept the cash for you immediately."

More than a dozen Oriental Bank employees delivered the cash boxes to the counter one by one.

Several criminal team detectives were holding cigarettes in their mouths and looking at the crowd, wary of any mishaps.

In order to avoid problems with frequent cash flows, Ho Dingxian signed an action order and mobilized more than 100 police officers from Hong Kong Island and Kowloon to be responsible for escorting cash. Before there were professional security companies on Hong Kong Island, the police force was already responsible for protecting the safety of banks. It was a reasonable use of law enforcement powers to provide armed escorts for large-scale cash transfers, and it was not afraid of problems at all. .

The customers who were noisy before saw the police escorting the cash boxes and bringing them to the counter one by one. The atmosphere calmed down immediately.

A Nanyang boss withdrew more than 100 yuan in cash and left. Before leaving, he sat in the bank and drank tea. He smiled sheepishly and said: "Xu Sheng, Mingde Bank just went bankrupt this morning. There are widespread rumors that small banks are going to close down." Run away.”

"My whole life's worth is here, I have to come here in person."

Xu Mingye solved the immediate crisis and said with a smile: "Boss Zeng, I understand that the bank deposit certificate allows you to withdraw money freely. You can withdraw it whenever you like, and deposit it whenever you like."

"Xu Sheng's atmosphere."

The boss of Nanyang patted him on the shoulder: "After so many years of cooperation, do I still not believe you? I'm not afraid that you will run away, but I'm just being cautious. When the limelight passes, there will be many opportunities for cooperation in the future."

"Walk slowly."

Xu Mingye sent him out with a smile.

evening.

Five o'clock.

All the directors of the chamber of commerce returned to the clubhouse and set up a stove on the log table in the middle hall, simmering dishes, cooking on the side of the stove, and chatting about the turmoil in the industry.

"I talked with Mr. Shao from the Shanghai Chamber of Commerce, President Wang from the All-China Federation of Industry and Commerce, Chairman Dong from the Hakka Chamber of Commerce, and Chairman Chen from the Fujian Chamber of Commerce, and we reached an agreement." He Shanheng, wearing a gray suit, After wearing a tie and sitting on the chair, he did not rush to use his chopsticks, but scooped out a bowl of bone soup base with a spoon and placed it in front of him to cool: "Shanghai Chamber of Commerce, Hakka Chamber of Commerce, and Fujian Chamber of Commerce will actively help themselves. The bank bosses within the chamber of commerce provided loans to ensure that members of their respective chambers of commerce would tide over the difficulties first.”

"After hearing the news, the All-China Federation of Industry and Commerce can spare 20 million Hong Kong dollars for two years and provide it to us at low interest rates."

He Dingxian picked up a few pieces of the copper pot with chopsticks, stirred them in the sauce, and stuffed them into his mouth, but he couldn't help but feel a sense of disappointment in his heart.

The Chinese in Hong Kong do not have their own government or leaders, so it is really difficult for them to get things done. By borrowing the mechanism of the Chamber of Commerce, no matter how big it is, it can only use the nostalgia of hometown to unite fellow residents in the region. We want all Chinese people in Hong Kong to unite and be united in dealing with the outside world.

Disaster!

Because the Chinese in Hong Kong lack the highest level of legality, they are like lost souls, like orphans.

"In the final analysis, let's sweep the snow away from our doorsteps." He swallowed the dragon with relish, then picked up a few slices of tripe and threw it into the pot. He Shanheng said ashamedly: "Sorry, He Sheng, because the amount of funds that the banking industry needs to mobilize is too large, several chambers of commerce are quite concerned."

"Even if we know that the bank run has formed, it is difficult to trust us. After all, the Guangdong Chamber of Commerce in the banking industry on Hong Kong Island is the largest, and other chambers of commerce are more willing to wait."

Zheng Yutong looked unhappy and had a hot temper: "Fuck you, what are you waiting for? Are you going to collect our bodies or eat our flesh?"

"When facing British capital, all Chinese capital are one and the same, do you understand?"

"never mind."

He Dingxian waved his chopsticks and said nonchalantly: "It would be great if they could take care of themselves and not cause us any trouble. Didn't they donate 20 million to the Federation of Trade Unions for alms? Don't be too little with the money you get for free. You must not be responsible for others." Need money."

"Chairman He, thank you for your hard work."

He offered a cup of tea.

He Shanheng shook his head: "It's just a small matter."

"The duty lies."

Zheng Yutong rinsed the pot and said: "In just one afternoon, I have purchased more than five million gold. Mother Diulei, if she hadn't started some jewelry business last year, she would have almost lost her money."

He Shanheng said: "I have asked Hang Seng's sales staff to write special checks and guard the vault 24 hours a day. During this time, Changli Feng is working in the clubhouse on behalf of Hang Seng's accounts."

"no problem."

He Dingxian nodded in greeting. As for the jewelry business that Zheng Zongxiu mentioned, it was not just a little bit, but a diamond import license from the world's monopoly company in the diamond industry, the only product exporter "Delbes".

Become the sole distributor in Hong Kong, Mainland China and Haojiang.

Obtaining the status of a regional monopoly will bring Chow Tai Fook to a new level.

Not only does it make gold, but it also makes diamonds, and the profits from diamonds are even higher.

The success of this move established Chow Tai Fook's leading position in the precious metals and jewelry industries in Asia. For decades, other jewelry companies only provided Chow Tai Fook shoes. Li Guanchun said: "I will personally take care of the accounts of Bank of East Asia."

"Ha ha."

"Okay, with Chairman Li coming forward, things will definitely be handled more thoughtfully." He Dingxian ate the meat and expressed no objection. As long as they are willing to pay, it doesn't matter who takes care of the accounts. What's more, the three banks have three independent accounts. However, for every 10 million Hong Kong dollars invested by the two banks to rescue the market, Oriental Bank has to invest 20 million Hong Kong dollars.

This is not a hard requirement, but it is paid according to the ratio of capital reserves. You can't, he shouted loudly to save the market, and then spent the money from Hang Seng and Oriental Bank first, right?

At this time, the bosses of various banks in the chamber of commerce had arrived one after another. In addition to the banks such as Shenglong, Fengyu, and Wing Tai, there were also banks such as Daoheng, Guang'an, Wing Lung, and Guangdong Trust. Among them, the bank boss is a big boss with two or three shareholders.

A well-known bank has a chairman and six or seven directors. There are a total of thirty-seven formal banking companies registered with the Guangdong Chamber of Commerce, excluding gray companies such as loan sharks and pawn shops, but more than a hundred people have come.

The helpers of the club brought small stools to the members, and the members sat on the stools, sitting upright, quietly waiting for the directors of the chamber of commerce to eat and drink before speaking to them. In addition to the Chaoyi Yongmazai in black shirts, there are also more than a dozen plainclothes detectives led by Lan Gang around the central hall. Regardless of the police, Jianghu people, there are bulging waists. The atmosphere becomes more and more serious as the number of visitors increases. It's becoming more and more strict.

In the picture, more than a hundred chamber of commerce bosses are sitting together, looking at a solemn couplet on carved pillars in front of them. Above it is a black plaque. Walking up a few steps, eight people are sitting under the Chinese painting of "Ambition Spreads Wings" in the middle hall. There are several chamber of commerce directors of different ages and expressions wearing suits.

The directors were wearing suits and lighting fires by the stove. Some were smiling and some were popular, but without exception, they all had sharp eyes and a powerful aura.