Hong Kong Island Old Events
Chapter 433 The trampling and collapse of money
He Dingxian was sitting in the attic tea room of Ruihe Hall, with a murderous look on his face: "Brothers have found out that at two o'clock in the morning last night, Lin Xiangle, the owner of Guangdong Trust, ran away with his family and boarded a tanker bound for North America."
Qiu De even said angrily: "The bosses of all the Chinese-owned banks in Hong Kong are trying to support us. It would be better for him to just run away!"
Li Guanchun's expression was ashen: "Other shareholders of Guangdong Trust have confessed that Lin Xiangle made a lot of profits from project investments when he was in charge of the trust bank, and there is at least a hole of more than 50 million to be filled."
"He made a bad start."
He Dingxian took a sip of tea: "Contact the Zhi Gong Tang in North America and offer a bonus of two million Hong Kong dollars to kill Lin Xiangle and his family!"
He Shanheng nodded: "Okay!"
Although the Chamber of Commerce does not have much power in North America, it is easy to buy a few lives as long as you are willing to pay. However, just killing people is no longer enough. As a bank that specializes in managing trust funds, Guangdong Trust Bank has many customers who are Hong Kong wealthy families.
Huo Guantai, Zheng Yutong, and even Chu Weinan all have money in Guangdong Trust Bank.
Before there is a storm in the trust bank, the rich can freely withdraw part of the funds in accordance with the contract, but it often accounts for less than 10% or even 10% of the total amount.
Therefore, on the surface, trust banks always make money.
Because a trust is a fixed deposit to a certain extent. There is no problem at all on the account until the time when it can be withdrawn. Although the wealthy people of later generations are very generous in buying family trusts, with billions or tens of billions, in fact, those family trust funds are owned by their own companies and managed by their own people.
It is nothing more than limiting the withdrawal conditions for family members so that wealth can be passed on longer. Nowadays, trust is still a relatively new financial model, which has led to many wealthy people not understanding the routines of trust banks. Just thinking that the trust fund was being watched by professional traders and that it would be beneficial to family inheritance, I bought more or less.
As everyone knows, you are staring at other people's interest, and others are staring at your principal.
Of course, if Guangdong Trust does not encounter a run, or if the property market remains high, the income from the money invested in the property market may be able to smooth out the account. Coupled with the investment of new customers, the Ponzi scheme can continue to operate.
The larger the volume, the smaller the chance of thunderstorms.
If you don't be a "rat warehouse" and use your money to invest honestly, regardless of losses, you will never end up running away.
Feng Jingxi sighed: "Guangdong Trust has developed rapidly in recent years. It not only involves many directors of chambers of commerce, but also the four major families who have huge sums of money in Guangdong Trust. Seeing that the company is about to suffer a thunderstorm, Lin Xiangle knows that he is dead."
"On the surface, I put on a positive attitude to save the market, but privately, I have long wanted to take my family and run away. Every day I can live longer."
"After all, he is in the business of big bosses. Unlike other bank customers, they can survive if they go bankrupt."
The manager of a trust fund gets a bigger share of profits and bears more responsibility for losses.
If you offend the big boss, you will sink into the sea in a matter of minutes.
But this is no reason to run away.
"The result of the previous non-standardization of the financial industry was false prosperity, and mines were laid everywhere! The big mine of Guangdong Trust exploded, causing a chain reaction that directly led to the collapse of confidence in the improvement. The next step must be the peak of the run."
"When the citizens see that even the big boss can't keep their money, what does their money count?" As the saying goes, when the nest is overturned, the eggs are not intact.
Not only are the citizens an egg, He Dingxian is about to become an egg. When this crisis is over, the members of the four major families will definitely be called on to come forward with legislation to regulate finance. Qiu De said bitterly: "Changli Huo, Changli Zheng and Sir Luo all called to inquire."
"It is expected that at least more than 100 million Hong Kong dollars will be lost due to the trust bank's escape!"
He Dingxian sighed: "I can hold on!"
"Call the shareholders of Guangdong Trust over and hold a meeting to see how much money can support the trust bank's debts."
He Shanheng's brows jumped: "He Sheng, you even want to take over the deal from Guangdong East Trust?"
"If you don't answer the question, there will only be more serious consequences. If you do, the storm may stop at Guangdong East Trust." He Dingxian lit up a cigarette and asked the world for several directors to consider. After a moment, Feng Jingxi said: "We can't stop it. Living."
"Guangdong Trust, a bank worth hundreds of millions, has collapsed. Unless the government comes in to support it, confidence will be hard to regain. Oriental Bank, Bank of East Asia, and Hang Seng must be prepared to be hit. It's not like they can't save it from the beginning. The rescue attitude is to control the amount of funds to prevent the three banks from running out of funds when encountering a crisis."
"You know, you have to give money to small banks, protect the most Chinese-owned factories, and burn hundreds of millions of funds to Guangdong Trust, which is nothing more than protecting the wallets of the big bosses. If the big bosses lose their money, they will lose it. , they have capital and industry, and can definitely make more money.”
"If one of the three major banks fails to survive, the wealth lost will be far more than hundreds of millions."
This time, Feng Jingxi’s words won everyone’s support.
He Dingxian thought for a while and said: "With the financial strength of our three major banks, we can support it, and if Guangdong Bank can be reorganized, we can reduce the scale of the run. Looking at the long term, it is equivalent to spending a sum of money now." Money, save a lot of money later.”
"If the Guangdong Bank is not supported, the Hong Kong government will definitely ask the foreign banks to come forward. When the foreign banks start mergers and acquisitions, it will be very ugly."
As long as the Hong Kong government comes forward to support the situation, it is equivalent to declaring that Chinese capital has lost.
"Mr. He."
"Does it have to be so tough?"
Feng Jingxi sighed.
"Tough bones, like to win, and win beautifully!" He Dingxian said: "The most important thing is that we have money, we can afford this risk, there is no need to be so conservative. The ghost guy can guess that we have one billion funds, so he can guess us There are 1.8 billion?"
"impossible!"
He Dingxian actually knew that supporting Guangdong Trust would burn part of the funds and increase future risks. However, unlike He Shanheng, Feng Jingxi and others, they only need to consider business gains and losses to ensure the safest bottom line for Chinese capital.
But in addition to business, he also needs to consider political gains. First of all, the squeeze crisis is a purely commercial event. Regardless of victory or defeat, the political impact will be relatively light and can be made up for. It's not that it doesn't exist, it's that it's not obvious.
Like a hidden disease, it's not painful or itchy, just a little uncomfortable.
There are also treatments.
However, Guangdong Trust involves the funds of four major families and is linked to politics. If he supports the Guangdong Trust Bank, it will not only be commercially beneficial, but also gain political rewards from the four major families. Why not kill two birds with one stone?
"All right."
When Feng Jingxi thought that he had a capital reserve of one billion Hong Kong dollars, he felt helpless. Who makes others rich? Speak loudly! Soon, Qiu De contacted several shareholders of Guangdong Trust, checked the financial reports, and began to make acquisitions.
The entire acquisition process took at least half a month to complete, but in the evening of that day, the Commercial Daily published the news and made a big fuss to demonstrate the strength of the Chamber of Commerce. The effect is indeed there. At least it shows the Chinese capital's game mentality of not giving up and stabilizes many factory owners and small bosses.
But it is far from enough to turn the tide. In the face of the general trend, one move of chess can only have one step effect. If you want to truly weather the storm, you still have to rely on hard power.
Victoria Peak.
Governor's Palace.
Bai Liji was wearing a suit, sitting on the sofa in the living room, holding a cigar in his hand, blowing smoke rings slowly, and slowly flipping through the newspaper. The senior executive of HSBC was sitting on the seat next to him. He was very humble and bent over and said: "First the bank went bankrupt, then the boss of the trust bank ran away. Now panic has spread throughout the city. At the moment, more than two thousand citizens are lying in bed. Sleeping on the floor in front of the Huazi Bank's store, waiting for the bank's opening tomorrow to redeem the deposit certificates."
"There are more or less people rushing to redeem money in front of the business offices of the three major Chinese banks. Although the number of people rushing to redeem money is not large, it has become a trend and it is time to start with the three major Chinese banks."
Bai Liji put down the newspaper, picked up a cigar, and looked at Qi Yaolin: "How sure are you?"
Qi Yaolin said: "One of the three Chinese banks, Hang Seng, and East Asia must go bankrupt. The cash in their hands has been invested to rescue the market. It seems that there is more money in the vault, but more check deposit certificates are issued. Once the trend spreads to the three Dahua Bank, these two companies simply cannot survive.”
"Even if Oriental Bank is willing to give strong support, Oriental Bank's cash pool can support at most one company. And once the stampede happens to Oriental Bank, Oriental Bank will also be severely damaged."
If Oriental Bank is severely weakened, the unbreakable interest network of the money empire will be severely torn open. And there is no need to fight a power war in the police force. As long as a financial war is fought in the business world, the influence of the Chinese in the police force can be greatly weakened.
If the ghost guy doesn't keep his money in Oriental Bank and doesn't rely on Oriental Bank, he will naturally stop doing his best. If Oriental Bank's market value drops, its equity depreciates, which can also cause senior police officers to become dissatisfied with the Chinese. Bai Liji did not dare to confront He Dingxian head-on and directly inserted his hands into the police force. However, he knew how to use his strengths and avoid weaknesses. In the economic field where he was good at, he ruthlessly manipulated the police force. At that time, the police force will have no excuse to cause trouble. We can't use the black money obtained from corruption to suffer losses and go to Victoria Peak to ask the Governor's Office for compensation, right?
Regardless of whether the public supports him or not, or whether the police will go to the mountain for this, once the slogan is shouted, there is political stain on him, which can stir up public opinion and plot events to make him step down.
"Of course, the source of Oriental Bank's cash comes from senior police officers. Under normal circumstances, senior executives will not touch funds without authorization, and external bank runs will hardly affect the senior executives." For banks, corrupt officials are really the best customer group.
"I still need Sir Bai's help for this."
Perhaps Oriental Bank has more funds than he expected, but as long as a crisis occurs, it will soon be drained.
Bai Liji nodded in agreement and said: "Before I came to Hong Kong Island to take up my post, I often heard people say that a money empire has emerged in the past ten years. Since it is a money empire, it starts with money and collapses with money!"
"Beep beep beep."
He put the cigar on the fiberglass side of the table, then picked up the phone, pressed a series of numbers, and waited for the call to be connected, then said: "Sir Xie, tomorrow we will officially launch the investigation of the former police chief, Jian Baoning, during his tenure." Investigation into corruption and bribery cases.”
"Yes, sir!"
Xie Faxin straightened up on the bed at home and replied solemnly.
Two updates tonight, think carefully about the subsequent pictures and scenes, and then continue with the third update tomorrow. Although I promised everyone three more updates, I still have to stop when I have to. After three consecutive days, my body will be a little overdrawn and my mind will be confused. For the sake of quality and condition. Junzai feels that he will be overdrawn when there are too many updates, and he can only find his own rhythm. In addition, some readers said that the plot is frustrating? Didn't call back? First of all, even if the protagonist is in danger, this plot is not considered aggrieved. It just shows the protagonist's response, and he still has strength. As for calling him back, for sure! However, this plot is the unfolding of a large chapter, and many historical events will be strung together for everyone to deconstruct and experience. Therefore, there will be a few more chapters to prepare the ground, and correspondingly, the climax later will be more exciting and have more content to write. Above!
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