I Want To Be a Rich Man on Hong Kong Island

On the third day of the bank run incident, Liu Chong Hing Central Branch Des Voeux Road West, Wan Chai Hennessy Road Branch, Kowloon Nathan Road Branch, Mong Kok Branch, Prince Edward Road Branch, and Sham Shui Shed Branch have not yet opened. The queues waiting for cash withdrawals lay across the road like a long dragon.

As soon as Liao Chongxing Bank opened, these people swarmed up, which hurt the staff inside.

Liao Baoshan was shut down by other banks yesterday, and the only way out was to borrow from others with the "shrunk mortgage" of the property.

Therefore, today Liao Chong Hing Bank has prepared another 20 million Hong Kong dollars to deal with it. In addition to the 10 million Hong Kong dollars borrowed from Chaoshan fellows two days ago, it has already prepared 30 million Hong Kong dollars, accounting for 50% of the total deposits.

"I hope this crowding incident can be resolved today!" At this time, Liao Baoshan hadn't slept well for three days, and the vicissitudes on her face were obvious.

Thinking of the "shrinking mortgage" property, Liao Baoshan felt extremely heartbroken;

If I have no money in the future, I will return the money to those who lent me the money, and these "shrunk mortgage" properties will belong to the borrower.

This is obviously a loss to grandma's house, and the shrinkage has reached more than 30%;

Then she has not earned much money in the past few years, and this time the bank's reputation has been damaged, Liao Baoshan has a headache.

 …

"Husband, I... I have never started a company, will I mess things up! Besides, I am so stupid, I listened to other people's bewitching, and deposited 1 million in Liao Chongxing Bank... "Li Cui said timidly.

At this moment, what Li Cui faced was the business license of a real estate company, and the legal person was her.

Obviously, Li Cui was at a loss by Wu Guangyao's trick. As a full-time housewife, how can she play in the company?

"A real estate company, to put it bluntly, is a rent-collecting company; I will recruit a few people for you, and they will help you manage the company's property and pay you the rent every month. As for you, just collect the money! Let's talk , isn't it me?" Wu Guangyao comforted.

At this time, Wu Guangyao also inquired about Liao Baoshan's property situation, and he also thought about his goal, which was a piece of land purchased by Liao Baoshan in 1960;

This piece of land is located in the original site of the former Huaxia Domestic Products Company in Central. Liu Baoshan bought it and planned to build a 24-storey Liu Chongxing Bank Building.

In 1960, this piece of land,

It is worth more than 5 million Hong Kong dollars, and I am afraid it will be 6 million Hong Kong dollars this year.

If this 30,000-square-foot commercial land is used to develop a 26-story building (the area is too small to be built too high), and then handed over to Li Cui's real estate company, Li Cui will also have a large property in the future to collect rent up.

Wu Guangyao has always been generous to his women!

Speaking of being generous to women, Wu Guangyao thought of Liu in the later generations, who paid tens of millions of Hong Kong dollars to buy a mansion for those Hong Kong female stars, and these women didn’t even have a child with him. People can’t help admiring his generosity .

It can be said that this kind of man is not a scumbag!

.....

After three days of turmoil, the police on Hong Kong Island finally did a good thing, which is to issue a notice: Recently, there was a rumor in the market that a well-known banker was investigated by the police and restricted from leaving the country; It is a rumor without any basis.

This statement has played a certain buffering role in easing the congestion. Liu Baoshan is still in Hong Kong, which proves that he still has the ability to cope with the situation.

However, there are still many small depositors who are not at ease. They walked into the lobby of Liao Chongxing Bank and vowed not to give up without withdrawing their deposits into their wallets.

At this time, Liao Baoshan was sluggish in the office, and Liao Chongxing Bank seemed to have passed the most difficult hurdle;

In fact, otherwise, as long as these scattered withdrawal customers are not satisfied, Hong Kong Island will immediately have various negative news about Liao Chong Hing Bank;

At that time, there may be no deposits, the key is that I still can't come up with so much money to pay.

"What to do? What to do? Why haven't HSBC and Standard Chartered Bank issued a statement in support of our Liu Chong Hing Bank. As a standing member of the Hong Kong Island Bankers Association, they also have the rights and obligations of a quasi-central bank. How can they do nothing." Liu Baoshan At this time, he was already groggy and in a state of no energy, and his imagination had already occurred.

Liao Baoshan didn't even think about it, a business is like a battlefield, either you die or I live;

Colleagues may be friends, but more often they are enemies.

Later Shen Bi, the head of HSBC Bank, said such a famous saying: "We will not fund competitors who harm our interests."

At this time, a bank manager walked in happily and said, "Boss, please see Mr. Wu Guangyao!"

"Mr. Wu Guangyao, you are talking about Wu Guangyao, God of Wealth?" Liao Baoshan stood up excitedly.

"kindness"

"Please, how can you make others wait!"

"Ah, yes..."

Wu Guangyao took Li Cui, as well as lawyers and financial consultants, and met the vicissitudes of life in Liao Baoshan's office.

The two had a close relationship before, but they didn't have a deep friendship.

Wu Guangyao realized at this time that Liao Baoshan was really too old, and she might die soon!

After a few words of politeness, Liao Baoshan tentatively said, "What is the reason for Wu Sheng's visit this time?"

Wu Guangyao said aboveboard: "Make a deal with Boss Liao!"

Liao Baoshan was shocked, could it be that she wants to buy her own bank?

Liao Baoshan thought a lot for a moment, until her subordinates reminded herself that Liao Baoshan said, "Wu Sheng has taken a fancy to our Liao Chuangxing Bank?"

Wu Guangyao shook his head, and said directly: "That's not the case. Liao Chuangxing Bank is your Liao family's bank after all. To be honest, I have taken a fancy to Boss Liao's piece of land in the former Huaxia Domestic Products Company in Central. If Boss Liao is willing For sale, I can trade with you for 5.5 million Hong Kong dollars, and I can deposit 5 million Hong Kong dollars in your Liao Chongxing Bank for a period of half a year."

After Wu Guangyao finished speaking, he stopped talking and looked at Liao Baoshan relaxedly.

Wu Guangyao's deposit of 5 million Hong Kong dollars in Liao Chongxing will definitely have a great effect, because Wu Guangyao is the absolute richest man in Hong Kong Island;

And he is reputable and very friendly to the poor.

Liao Chuangxing quickly accepted the reality and agreed to Wu Guangyao's request.

Because he has only two options, the first is to declare bankruptcy and accept liquidation;

The second is to cut the flesh and protect the line, in order to make a comeback in the future.

However, the conditions put forward by Wu Guangyao were not a real attempt to cut Liao Baoshan's flesh;

Because Wu Guangyao gave a price of 5.5 million Hong Kong dollars, the value of the land itself was only about 6 million Hong Kong dollars.

But don't forget that Wu Guangyao proposed to deposit 5 million Hong Kong dollars to Liao Chongxing Bank. This effect is worth more than one million Hong Kong dollars.

But Liao Baoshan's other properties were not cut off like this, at least about 20% of the loss;

That is, the 1 million property, Liao Baoshan sold it in a hurry, and may only get 800,000 Hong Kong dollars;

Because everyone knows that you are in urgent need of money, which is equivalent to leaking the hole cards of the negotiation!

This does not include future appreciation space.

If he doesn't sell in a hurry, he will lose 40% of his 'shrunk mortgage' property.

"Deal, Wu Sheng, I see you are ready to come, we can sign the contract right away, and then announce that you deposit 5 million Hong Kong dollars to our Liao Chongxing Bank."

"certainly!"

After the contract was signed, Liao Baoshan and Wu Guangyao immediately held a press conference and announced the matter that day!

It immediately caused a shock in Hong Kong and Kowloon, and everyone was discussing it.

"Liao Baoshan has found a backer, and this backer is huge!"

"It seems that the God of Wealth has become Liao Baoshan's nobleman!"

"It doesn't matter if you find a backer. The reason for everyone's squeeze this time is that Liao Baoshan embezzled depositors' money to speculate in real estate, so her reputation will definitely be affected. I don't know how many years it will take to make a comeback!"

"It's better than going out of business!"

After reaching an agreement with Wu Guangyao, Liao Baoshan finally cheered up and immediately rushed to HSBC and Standard Chartered to ask for help.

"Your HSBC Bank is a standing member of the Hong Kong Island Bankers Association, and you also have the rights and obligations of the Central Bank of Hong Kong Island. You are responsible for maintaining order in the bank! Besides, my assets are enough to cover depositors' deposits, but I can't sell them for a while. Just out."

After hearing this, Sandas did not refuse, but said: "Yes, HSBC Bank can issue a statement with you tomorrow, and we can overdraft your 20 million Hong Kong dollar deposit at Liao Chongxing Bank."

The reason why Sanders was so forthright was because he heard that Wu Guangyao was involved in this matter, so he wanted to give his friend some face;

In addition, HSBC's goal has been achieved, that is, Liao Chongxing Bank has suffered heavy losses, and the phenomenon of randomly pulling deposits will never happen again.

Upon hearing this, Liao Baoshan breathed a sigh of relief.

When walking out of the gate of HSBC, Liao Baoshan couldn't help muttering: "HSBC agreed to support it so late, it must be to make our Liao Chongxing Bank's reputation suffer..."

.........

The next day, HSBC and Standard Chartered Bank jointly issued a statement "HSBC and Standard Chartered can overdraft 30 million Hong Kong dollars to cope with the run on Liao Chongxing Bank...."

At this point, the liquidation turmoil finally subsided, and the teetering Liow Chong Hing Bank was saved from "insolvency" (bankruptcy).

Liao Baoshan, who survived the catastrophe, should have shed tears and reorganized Xiongfeng;

However, he seemed to be frightened, and became like a frightened bird, terrified all day long.

It turned out that the cause of the incident was the kind assistance of HSBC Bank, and then drafted a joint statement in English with Liao Chong Hing Bank.

The content of the statement is: "HSBC and Standard Chartered Bank have made certain arrangements to bring the incident at Liao Chong Hing Bank under control."

The statement was published in "Sing Tao Daily". I don't know which translator made a random translation, but the Chinese translation was: "The business of Liao Chong Hing Bank is completely under the control of HSBC and Standard Chartered."

The translation and the original text have different meanings and are messed up.

When Liao Baoshan saw the news from "Sing Tao Daily", it was like thunder from the sky, and her spirit collapsed.

"Standard Chartered and HSBC are too despicable! Too shameless! They turned their backs on their promises and used 'unconditional support' as a bait to lure me into the urn, so that they can devour the Liao Chongxing Bank and Real Estate that I worked so hard to establish!"

Liao Baoshan was in a trance and couldn't sleep well, so she found her lawyer in the middle of the night to find out.

At this time, the lawyer took out the English and Chinese newspapers, and quickly comforted the client: "Boss Liao, there is a mistake in the translation. The statements of HSBC and Standard Chartered are..."

After listening to this, Liao Baoshan relaxed a little, but her emotions were tense for a long time, and she still had doubts in her heart, fearing that the ghost is cheating!

As Wu Guangyao said, life may not be long!

Liao Baoshan might have sensed something, and she had called back her two sons who were studying in London, just in case.