I Want To Be a Rich Man on Hong Kong Island

HSBC Tower

At this time, the accountants of HSBC Bank were studying the books brought by Li Guowei to determine whether Hang Seng Bank was worth investing in.

From this point of view, HSBC has already fallen behind, because Wu Guangyao doesn't look at Hang Seng Bank's books at all.

Li Guowei looked at the situation, and for a few hours, HSBC would not negotiate terms with him;

I couldn't help but said: "Mr. Sandas, the chairman of my family has gone to Everbright Bank to negotiate with Mr. Wu Guangyao, so you need to show your sincerity as soon as possible!"

The executives of HSBC were dumbfounded when they heard this. Hang Seng Bank was betting on both sides after a long time!

"Soon, Mr. Li, after all, it is such a big deal, we also need to be more cautious! We can negotiate first, and wait while negotiating." Sandas said quickly.

"Yes! I don't know what HSBC's conditions are?" Li Guowei asked.

"With 51% of the shares, we have 'unlimited support' for Hang Seng Bank to tide over the difficulties..." Sanders said.

 …

There is no problem with the original operating mechanism of Hang Seng Bank. Hang Seng Bank suffered such a catastrophe, not because of any problems in its operation;

Instead, I was tired of the squeeze!

After all, even HSBC Bank will go bankrupt in the face of the crowd!

In fact, no bank in the world can withstand a 'bottom-out' run;

Unless some national central banks that are not linked to gold and foreign exchange reserves can arbitrarily start the money printing machine;

This is because the total liquidity of commercial banks cannot be equal to the total deposits;

Otherwise, what if the bank absorbs deposits and does not lend out the money, but instead takes the interest it supports the depositors?

At 8 o'clock that night, China Everbright Bank and Hang Seng Bank signed a share agreement!

So far, China Everbright Bank has owned 40% of the shares of Hang Seng Bank (Wu Guangyao’s private shares were transferred to China Everbright Bank);

Although it is not an absolute holding, Wu Guangyao knows that

Hang Seng Bank will choose to go public in the future, and then just absorb a certain amount of shares!

The veterans like He Shanheng are still there, and Wu Guangyao can't face it, so he directly merges Hang Seng Bank into his subordinates;

But Wu Guangyao is young. When He Shanheng and others retire, Hang Seng Bank will still have the final say!

 …

On February 7, in view of the turbulent crowding, the Hong Kong government issued an announcement: From now on, each account can withdraw up to HK$100 in cash per day; Circulation in the market to alleviate the contradiction of insufficient banknotes.

As soon as this announcement came out, it can only be said that it has forcibly intervened in the liquidation incident, and it has not really resolved the liquidation incident.

Even if it is 100 Hong Kong dollars, in the face of tens of thousands and hundreds of thousands of depositors, the world is still howling!

On the same day, suddenly many cash trucks arrived at the gates of the branches of Hang Seng Bank and the branches of Southeast Bank, which was wholly-owned by China Everbright Bank.

Walking off the cash transport vehicle were bodyguards with the words "Thunder Shield Security" printed on them.

"Hey, a lot of cash!"

"Oh my god! It's really a lot of cash, and now our money is hopefully withdrawn!"

People talked a lot, and the joy on their faces was beyond words!

At this time, a bank employee came out and distributed some newspapers to some people;

Then a manager shouted with a loudspeaker: "Dear citizens, our bank has received Mr. Wu Guangyao's promise of 'unlimited support'. Everyone, please read the newspaper, please don't be crowded!"

"What, Sha Dan Yao supports Hang Seng Bank unlimitedly. Does he have so much cash? He thinks he belongs to the bank?"

"Didn't he just open a bank? It says that China Everbright Bank, a subsidiary of Shadan Yao, currently has a cash flow of 900 million Hong Kong dollars and dozens of tons of gold; all depositors of Hang Seng Bank and Southeast Bank will be allowed by China Everbright Bank." Everyone gets their cash."

"Let me see!"

For a while the hall became lively, and everyone was finally relieved. As long as there is the promise of the God of Wealth, are you afraid that everyone's money will not be withdrawn?

Some people even saw too many people and felt that they would come back to withdraw money tomorrow;

There are also employees and family members of Wu Guangyao's company. Seeing Wu Guangyao's appeal in the newspaper, they immediately gave up the idea of ​​withdrawing money.

 …

The Hong Kong government urgently summoned Wu Guangyao to go to Government House to discuss matters;

When Wu Guangyao saw the heads of Sandas and Standard Chartered Bank, he knew that the Hong Kong government was looking for a white knight.

Of course, this white knight was not done for nothing. To put it bluntly, it was to provide opportunities for the white knight to acquire those banks that were on the verge of bankruptcy;

What the Hong Kong government needs is stability, not riots!

As for why Wu Guangyao was called, Wu Guangyao guessed that it might be a temporary idea;

Because Wu Guangyao issued a statement today that Everbright Bank has a cash flow of 900 million Hong Kong dollars, which is not weaker than the cash reserves of large banks.

The governor of Hong Kong, Dai Linzhi, who took office last year, took the lead and said: "Please come here, you may all know the reason. The run-in incident continues to spread, which is not conducive to the stability of Hong Kong Island. Therefore, the Hong Kong government wants to take the lead and let you unite to deal with the current situation. situation. You can fund and save some failing banks!"

Sanders responded: "The governor is right. This run is actually an unnecessary difficulty caused by the panic of the people. We at HSBC are willing to set an example."

Wu Guangyao also said, "Our China Everbright Bank is also willing to share the burden for the Hong Kong government, and I am also willing to issue an announcement in my subsidiary company to let employees and their families temporarily suspend withdrawals to tide over the difficulties together."

The people in the room quickly realized that there are tens of thousands of employees under Wu Guangyao, and these people are the main force of depositors. As long as they take the initiative to stop the liquidation, it is obviously a great result.

"Okay, with your help, I believe this turmoil will pass soon!" Dai Linzhi said happily.

When the three left the Government House, Sandas and Wu Guangyao chatted outside.

"Mr. Wu, it seems that you have already prepared for the bank!" Sandas looked at Wu Guangyao and said seriously.

Both of them are more than 1.8 meters tall, but Wu Guangyao is straight and energetic, and he still has the upper hand in front of Sanders.

"It's not ready, but I've always had this idea! Sanders, we are talking about business, and you are in my position. Will you let this industry go?" Wu Guangyao said frankly.

"No! In fact, don't worry, HSBC supports you to enter the banking industry. This industry needs a powerful bank like ours to regulate those irregular banks." Sandas also said seriously.

It can be said that Wu Guangyao does not want to break up with HSBC, at least he does not want to be an enemy of HSBC before the 21st century;

HSBC can help itself get some convenience in Hong Kong Island, Wu Guangyao can bring a lot of profits to HSBC, and Wu Guangyao can also bring HSBC's achievements to Sandas, so the three complement each other.

Sundas obviously also knows this truth, so he said in words that HSBC is still Wu Guangyao's ally.

 …

The next day, Dai Linzhi delivered a speech on the radio, stating that the Hong Kong government has strong financial resources, but there is a temporary shortage of banknotes, but this situation can be alleviated immediately; now the major banks have united to deal with it together, and the Hong Kong government will serve as the bank's backing; Therefore, I appeal to all citizens to cooperate with the bank, and I deeply rely on your assistance to overcome the current unnecessary difficulties.

This move really played a big role;

After all, everyone still trusts the Hong Kong government.

In the morning of the same day, Wu Guangyao made some targeted remarks on Hong Kong Island Commercial Radio;

And all the employees of Wu Guangyao's company heard Wu Guangyao's appeal:

"The cash flow of commercial banks cannot be higher than that of deposits, because the funds have to be lent out to earn interest for everyone!"

"So I appeal to all the depositors of the following banks... Please tell your family members not to join this farce of the bank run."

"If these banks really cause you losses, the company will compensate you!"

The squeeze incident finally subsided slowly!

Of course, it will take at least a year for the real calm down!

In other words, it will take a year for all the banknotes that have been taken out to be deposited in the bank slowly!

This is also the bank that survived, and the depositors who competed for it!