Hong Kong Island Old Events

"There are 700 million Hong Kong dollars in the Oriental Bank's vault, and more than 200 million in gold and securities. The total available assets are 973 million." Qiu De even reported his family fortune, which is nearly one billion Hong Kong dollars! He Shanheng, Feng Jingxi, and Li Guanchun all looked horrified. Huo Guantai, Zheng Yutong, and Xu Shifen even felt dizzy when they heard the astronomical figures, which seemed unreal.

The three bankers are well aware of the nearly one billion in cash, which proves that there are at least two billion in assets in Oriental Bank's general ledger.

In an era when the per capita monthly income was 300 to 400 yuan, this was equivalent to a large bank with tens of billions of funds in later generations.

Moreover, Oriental Bank's main customers are in Hong Kong Island, and there is still great potential to be tapped in the entire Asian market. This shows that Oriental Bank's wealth has surpassed that of Swire and Wheelock, the two major foreign banks.

No wonder Boss He is so confident that he wants to support all the Chinese capital in Hong Kong, and he even dares to make bold statements about removing the skin of ghosts. It turns out that he has a strong back!

He Shanheng took a breath and answered loudly: "Hang Seng Bank has a capital reserve of 620 million Hong Kong dollars, of which about 450 million are in cash that can be easily withdrawn, and the remaining more than 100 million are gold and securities."

This means that Hang Seng Bank's savings scale has reached more than 1.5 billion. After all, Oriental Bank has better risk control and a higher ratio of cash reserves to total accounts, while other banks have lower ratios.

Li Guanchun said on behalf of the Bank of East Asia: "The Bank of East Asia has not developed well in recent years. Its capital reserves are lower, only more than 200 million, and now it has 180 million."

He Dingxian calmly calculated and said: "The three major banks of the Chamber of Commerce together have a scale of about 1.8 billion Hong Kong dollars. Just considering that it is easy to use 1.3 billion in cash, it is not difficult to support the current banking crisis."

"Besides, the Chamber of Commerce has come forward to resist. The elders and uncles in the business community must do their part to some extent. If the 1.3 billion in cash is not enough, they can still get more than 100 million in funds."

"Other chambers of commerce will depend on how much money Chairman He can negotiate."

Banks reserve gold and securities for investment. If shipped at one time, it would be enough to cause the gold price in Hong Kong to fall, and even affect the country.

The most optimistic scenario is that the bank's gold reserves will not be used. Historically, after the run-on crisis expanded, the Hong Kong government ordered HSBC to inject capital to rescue the market, acquire Chinese-owned banks, and merge with Chinese-owned enterprises. The final amount paid by HSBC was also around 1.2 billion.

Of course, Gui Lao asked HSBC to act as a rescue bank, not really to help Chinese-owned enterprises, but to take advantage of the rescue crisis to let foreign banks harvest, not to mention mergers and reorganizations. Even Chinese-owned enterprises that accept loans from HSBC have to pay high interest rates and use equity as collateral.

In the world, if the initiator of any game becomes the taker, then it will successfully achieve the goal of harvesting.

"Bailout" can really mean saving national enterprises and local economies, or it can become synonymous with a sickle. It all depends on the heart of the person who steps up to save the market!

Still clean!

He Dingxian is able to have such a large capital reserve, of course, not because he has so much money, but because he has opened up the "money empire" and the "financial empire" and collected all the black money of the ghosts for his own use. Eighty hundred million out of one billion belongs to the ghost guys in the police force, but the ghost guys’ money can also be used to save national assets.

He has done so many things in the police force, and he started to manage them one by one ten years ago. Isn't it just to have the final say at the critical moment? Holding power in your hands and not using it is worse than having no power. Having power but not using it wisely is a heinous sin.

"I'll try my best."

As a leader in the banking industry, He Shanheng has close friendships with bankers from other chambers of commerce. Since he has decided to take on the responsibilities of chairman, he will not be idle in this regard. However, after being silent for a long time, Zheng Yutong spoke up: "If there is a bank in the chamber of commerce that needs to sell gold reserves, Chow Tai Fook can make a one-time purchase at the real-time gold price of the day without any discount."

He Dingxian felt relieved after hearing this, nodded and said: "Thank you very much, Manager Cheng, for writing Chow Tai Fook's acquisition commitment into the announcement. With more effort, brothers will have more confidence. Now is the time for everyone to work together in the same boat." .”

"If you are busy, you can go away. Please have dinner at the clubhouse in the evening and come back for the meeting then."

He Shanheng stood up, cupped his hands and said, "He Sheng, I'll go see the talkers from other chambers of commerce first, and I'll report back to the board of directors if I have any news."

"good."

He Dingxian nodded, turned around and said, "A Gang, see Chairman He out."

Lan Gang immediately stepped forward to see him off, and then Feng Jingxi, Li Guanchun, Xu Shifen and others left one after another. It was not even eleven o'clock in the morning, and there was still some time before the banking industry meeting at six o'clock in the evening. This half day itself is used by the big bosses to handle official business and prepare resources.

Everyone had to be busy in the face of the crisis. It was impossible to sit in the clubhouse making tea and chatting. As quickly as they came, they left as quickly as they came. After the directors withdrew, He Dingxian also drove to Tai Kwun to start work. Oriental Bank has Qiu Degen keeping an eye on it, and the two foundations under his name each have a chairman. In terms of finance, he only needs to formulate policies and does not need to do it himself.

noon.

He Dingxian finished the takeout from the tea restaurant and opened a business newspaper that came with the meal. There was already news that Mingde Bank filed for bankruptcy, but it was not on the headlines. Gui Lao is very organized in his work and knows not to act too hastily and create public opinion step by step.

afternoon.

A little after one o'clock.

Chu Yunnan called and said confidently: "I have reached an agreement with Uncle Ji, Uncle Ming and people from the four major families. If the three major banks cannot support the market, they can raise 150 million Hong Kong dollars, but within There is only 50 million trust loans, and the remaining 100 million must be pledged with assets.”

"knew."

He Dingxian agreed readily: "An additional 100 million reserves will increase the winning rate. Although the Chamber of Commerce has allocated a large amount of money, we are prepared for any trouble. I have taken the trouble to thank you for me."

"You're welcome."

"They're all one family."

Chu Yunnan said: "Lao Dou, Uncle Ji and Uncle Ming have already discussed it. If money is needed, they will sell the company's shares to offset it, and you can be responsible for taking the money."

A warm current flashed through He Dingxian's heart and he was very moved. He implemented a decision at the Chamber of Commerce and had to persuade everyone with strong methods. He made a decision at home and in one word, the whole family supported it! The only people in this world who support you unconditionally and believe in you unconditionally are your family.

When faced with a financial crisis that broke out due to trust, he deeply realized how precious the word trust is.

"good."

"I'll have two more drinks with Dad when I go home tonight."

Chu Yunnan smiled, looked back at home, and said to the phone: "My father is really playing with his children. After raising the eldest daughter and raising the younger brother, the younger brother went to school and started raising grandchildren again. He I really like children.”

"Just be busy."

"I didn't go home for dinner at night." He Dingxian said anxiously. Chu Yunnan showed an indifferent attitude: "If you don't go home and sleep, you will die!"

He Dingxian listened to the blind tone on the phone and felt very happy: "With a wife like this, can you not go home and sleep?"

What's more, he has more than just a wife at home

In the afternoon, at two o'clock, the Chamber of Commerce's rescue notice was officially issued. It was not only posted at the main entrance of Ruihe Hall, but also distributed to all members according to their addresses. One after another, members received the rescue notice from the Chamber of Commerce. It can be said that this powerful and rapid measure immediately boosted the confidence of the Chinese banking industry and factory owners.

Since Mingde Bank submitted a bankruptcy application to the court early in the morning, Chinese cargo owners have lost nearly 10 million Hong Kong dollars out of thin air. Everyone among the cargo owners was filled with hatred and wished they could kill Zhou Weimin and his whole family. But when apportioned to each person, the number may be more than hundreds of thousands, and the less may be tens or thousands.

Legally speaking, once a bank enters bankruptcy proceedings, it will wait for the assets to be liquidated. If it becomes insolvent, debt repayment will become a piece of paper. There will never be a government bailout in the free market, and the only way to do so is to introduce another capital party.

If it hadn't been for Mingde Yinhao being a registered member of the Guangdong Chamber of Commerce, the owner of the goods would have asked the swordsman to greet Boss Zhou. This reflects the powerful role of the chamber of commerce. At the very least, it can ensure the safety of members within the scope of the law.

As long as members do not take the initiative to cross the red line, the chamber of commerce, which controls social power, is the final personal safety guarantee for members. Of course, it is another matter if a member actively crosses the red line, borrows loan sharks from outside Hong Kong Island, or has personal enmity with others.

The dues paid to the organization will never be in vain, but if you pay such a small amount of dues, don't try to kidnap the organization.

The cargo owners who cashed their checks the day before and successfully escaped felt lucky and began to transfer their money to British banks. It is not limited to the funds withdrawn from Mingde Bank, but also includes deposits in other Chinese banks.

Panic has spread rapidly, endangering everyone. When a knife is placed on your neck and all your hard-earned wealth is to be robbed, what can ordinary people do except run? what else? This cannot be blamed on cargo owners and ordinary citizens. They do not have the confidence and strength to support themselves.

Who doesn’t know that financial stampede can kill people? Will the bank run cause an economic crisis? But someone has made it clear that they want to eat you in one bite. Rather than sit back and wait for death, it is better to run away. They would rather be trampled to death than eaten! Escape is their last option.

Since the morning, a total of 17 banks in Hong Kong, including Sheng Leong, Feng Yu, Wing Tai, etc., have experienced redemption incidents... Although these banks are struggling to support themselves and trying their best to exchange money in an attempt to stabilize the situation, the cash pool With depletion visible to the naked eye, everyone knows that the crisis of bankruptcy is imminent.

At this time, a notice from the Chamber of Commerce undoubtedly saved the national enterprise from the fire. The bosses of the banking industry who were the first to be hit grabbed a life-saving straw: "Go to the Chamber of Commerce to borrow money!"

"Call Chairman He."

"Go to Ruihe Hall!"

"quick!"

It was not yet evening, but many bank bosses and bank shareholders had already arrived at the clubhouse, scrambling to beg the chamber of commerce to open treasury to save the market. After Qiu De even called the big boss to ask for instructions, he walked out of the room wearing a brown gown, looked at everyone and said: "Take the check to be cashed by the bank, exchange the banknote for money, interest-free loan, use the corresponding assets as collateral, and use the money to redeem it afterwards .”

"From now on, the Chamber of Commerce will open warehouses to save the market in accordance with the Council's Resolution No. 6 this year!"

"Come one by one, Hong Kong has plenty of paper!"