Rebirth of the Age of Wealth

Chapter 332 It’s your own fault.

"Forget it, it's better to get a pile of certificates than to marry a good husband. You don't have to do anything, and you can just stay at home and be a rich wife without going out to cause trouble!" Liu Jinhui said pointedly.

Li Weidong was quite smug at first, thinking that his wife had finally recognized the reality, but when he saw Liu Jinhui's obvious sarcasm, he didn't dare to be happy and had to be comforted.

"Where is this? By the way, it will be the child's first birthday in two days. How are you going to celebrate it for him? It seems that Hong Kong Island takes this very seriously!" Li Weidong quickly changed the subject.

Although Li Weidong did this to protect Liu Jinhui, it still seemed that he was a bit jealous. As a man, he naturally couldn't admit it. As long as Liu Jinhui didn't make it clear, he would have to pretend to be confused and keep pretending to the end.

"It's just a birthday celebration for the child. We can just have a meal at home with our family. It's enough to have a birthday ceremony. Who else do you plan to invite?"

Although birthdays are taken seriously these days, children's birthdays can only be done by cooking a few dishes, buying a cake, and having a meal together as a family. Adults' birthdays are generally not celebrated unless it is a full birthday.

"Okay, then I'll do as you say. I'll have people prepare things for Zhou Zhou. Those hairpins and messy jewelry with hairbands must not be placed upwards. Finally, it would be more appropriate to get some pens, inks, paper, and inkstones!"

"Well, what you said makes sense, it's better to just put one thing in there!" Liu Jinhui said with style.

Li Weidong felt that he could not offend Liu Jinhui today. He kept saying sarcastic remarks. Who could stand this? He had better run away quickly. If he couldn't afford to offend him, he would have to hide!

The whole weekend passed in confusion, and Cui Fenghua still hadn't contacted Cui Dong. However, seeing that the red marks on Zhao Xu's face seemed to have faded a lot, he felt a little more at ease.

I am at ease when it comes to my son's face, but not when it comes to the bank. The recent newspapers, big and small, seem to be all about Changtai Bank. Some of the news is first-hand, and some of it picks up on other people's mistakes.

Some are even tidbits.

Anyway, as long as it has something to do with Changtai Bank, it’s fine. If they don’t talk about Changtai Bank, it seems like their newspaper can’t keep up with the trend.

Cui Fenghua was of course the protagonist. Not only did he obtain bank loans, some newspapers even used other people's words to describe how Cui Fenghua rose to power and how he even made his predecessor angry to death.

Although Changtai Bank strongly denies it and advises citizens who withdraw money from its branches to identify the authenticity of the news, how can citizens who already distrust Changtai Bank be dismissed with just a few words?

Didn’t you say these are false news? Then give me the money I saved and I will believe you.

All the money has been loaned out, and there is so much money for customers to withdraw. Changtai Bank even had to stop the operations of its branches to artificially delay the speed of withdrawing money and relieve the pressure. Even so, their treasury has bottomed out.

Zhao Changtai was extremely busy. Although the newspaper said that his wife and children had obtained bank loans, he did not have the energy to deal with it. The most important thing now was to get through this difficulty, otherwise the foundation he had worked hard for decades would be destroyed.

.

He went to the Hong Kong Monetary Authority and the Banking Association, but to no avail. The yamen even asked him to explain whether bank shareholders and their children had committed illegal loans.

He also went there, but no one dared to lend him money. Even those who used the loan guarantees were no longer trusted. The old man even thought about mortgaging his villa, but in the end he couldn't bear it and couldn't come.

I don’t have a place to live when I’m old.

You can't blame Li Weidong for Changtai Bank to be where it is today. Even without Li Weidong, there would be so many moths sooner or later. Li Weidong just gave it a push.

A violent run was inevitable. After the stock market opened, it instantly fell by half, and the decline continued. At midday closing, the stock price of Changtai Bank fell by 60%.

However, news came out at noon that HSBC agreed to lend HK$500 million to Chang Tai Bank for working capital using the loan as collateral. There were even rumors that the 500 million was a capital injection for Chang Tai Bank.

No matter what, Chang Tai Bank had a good afternoon. The run on the bank subsided and the stock price decline narrowed. With the guarantee of HSBC, the citizens of Hong Kong Island still trust it.

A piece of news on Tuesday morning completely pushed Changtai Bank to the end. Like Hang Lung Bank in previous years, some newspapers began to report that there were problems with Changtai Bank's risk control.

In recent years, Changtai Bank has been borrowed more than RMB 400 million by the company's directors, executives and related institutions with very little collateral, of which less than RMB 100 million was accrued as a loss.

In other words, Changtai Bank may still have more than 300 million in funds that it cannot recover. Three hundred million is nothing to Changtai Bank's tens of billions of assets.

But it's a problem when the report comes out. No one wants to let others take away their money.

After the media reports came out, HSBC also issued an announcement to the media. HSBC has never promised to transfer funds to Changtai Bank and has no plans to inject capital.

If there hadn't been this series of reports, it might have been slowly exposed at some point in the future. Now with Li Weidong's push, things have come to light too quickly.

The citizens and stock investors felt that they had been fooled, and the stock price suddenly fell below one yuan. Even Xu Yanden did not dare to make a decision. In this situation, it seems that it is about to be liquidated.

Li Weidong went to the company at noon. He wanted to hear everyone's opinions. If it was really liquidated, no matter how much money was put into it, it would be ruined. If it was taken over, there might be some hope.

Loan customers will definitely not want to repay the money when they see that banks have closed down. Don't expect to treat these loans as assets. It is unknown how much they will get back in the final liquidation.

But deposits must be liabilities. No matter how much you lose, you have to take them out. Even if you go bankrupt, basically these citizens' deposits can be recovered because Hong Kong Island has a system similar to deposit insurance.

"Is this your opinion?" Li Weidong asked after listening to Xu Yandeng and Li Shihui's reports.

The two people have completely different opinions. Xu Yanden thinks that the stock will continue to fall and cannot be bought now. Moreover, they shorted the stock at a high point yesterday and closed the position today. They have already made enough money.

Li Shihui believes that the shareholders' equity of Changtai Bank is at least 1.5 billion, and there is no problem at all in accruing losses of several hundred million. The Hong Kong government or the Hong Kong Monetary Authority will definitely intervene.

Judging from the 1980s, the banks taken over by the Hong Kong government relied on the credibility of the Hong Kong government and were profitable after a few years. If they were acquired by other big banks, they would only make a profit but not lose any money.

Seeing the two people nodding, Li Weidong asked again: "If there is no capital injection from other banks, how likely is it that Changtai Bank will be taken over by the Hong Kong government due to a run?"

"It won't be too big, but it is very likely that the Hong Kong Monetary Authority will find a home for Changtai Bank, and it is very likely that HSBC will be the one. Don't look at the fact that HSBC also held a press conference and said that there is no plan to inject capital, it is just a matter of negotiation.

Chips!”

"If HSBC injects capital, will Zhao Changtai be out of the game?" Li Weidong continued to ask.

"Definitely, and this is very likely to be a condition. For HSBC, Changtai Bank is dispensable. Whether or not it has it will not have much impact on their performance!"

"So they can just sit back and pay back the money. The lower the stock price is, it will be good for them. Maybe today's actions are to suppress the stock price so that they can get some shares at a low price!"

"But their actions will definitely be very covert. They won't even do it themselves. Other institutions will buy it and then sell it to HSBC, which will not alert shareholders!"

Li Shihui just said that Changtai Bank is a high-quality asset and is worth buying. HSBC must be a wholly-owned subsidiary and no one else is allowed to follow them.

Of course, Li Shihui hopes that Li Weidong will buy shares of Changtai Bank. He is the president of Wanli Bank. It will definitely be beneficial to him if he buys shares of Changtai Bank.

"Then buy the stocks and be subtle. I guess those major shareholders may also be selling stocks. Why are there any rules at this time?"

Li Weidong felt that if HSBC was allowed to take advantage, he would feel uncomfortable. Changtai Bank was still a local bank after all, so how could foreigners get the advantage for nothing?

"Okay, Chairman, I will arrange the purchase right now, but according to the rules of the Hong Kong Stock Exchange, if we hold too many shares, we must issue a purchase invitation to all shareholders, and the acquisition invitation must be at the highest price in the past thirty days.

Acquisition!"

"Lao Li, how are you communicating with some shareholders of Changtai? Do they have any idea of ​​selling their stocks? If so, I will agree as long as the price is not outrageous!"

"There has been constant communication. Their second shareholder, Cao Guojun, has some ideas. It seems that he plans to sell his shares and immigrate to the UK!" Li Shihui said with a smile.

Li Weidong was a little angry when he heard this. He is another person who looks down on China, but this is still good. The most annoying thing is the kind of people who don't like China and don't leave. They are simply a disaster.

Just as he was talking, there was a knock on the door of the office. After getting permission, the door was pushed in from the outside. Zhang Dongshuo said with a strange expression: "I just got news that Zhao Changtai, the president of Changtai Bank, was taken to the hospital by an ambulance from the bank.

It’s gone!”

"What's the reason?" Li Weidong asked curiously.

"We are still inquiring about the specific reasons. It is said that many reporters have gathered around the hospital and the bank!" Zhang Dongshuo didn't know what was going on, but he only came to talk about it after confirming it.

"Buy Changtai Bank's stocks as soon as possible!" No matter what problems arise with Zhao Changtai's health at this time, whether he is discharged from hospital safely or dies, this is definitely the time when the stock price is at its lowest.

Li Weidong followed Xu Yandeng to the stock trading computer. As expected, the stock price of Changtai Bank plummeted to less than one yuan. In just five or six trading days, the difference between the highest price and the lowest price of Changtai Bank was three to four times.

Changtai Bank has gone from a stock with almost no trading volume every day to a popular stock that everyone pays attention to, so there are many people trading, but the trading volume is not large.

The pending orders kept falling, as if there was no bottom. However, with Li Weidong's entry, there was finally a bottom, and it rebounded somewhat.

"There is a big order, with 40 million shares placed in batches at about one yuan and one cent. Do you want to buy it?" A trader suddenly asked.

"Place a one-yuan buy order for 10 million shares!" Xu Yandeng glanced at Li Weidong and then said.

Li Weidong looked at the screen curiously, wondering if this person would cancel the order and re-place it. It was also a credit to the Hong Kong stock market that there is no limit on the rise or fall. Otherwise, when would it be like this? By then, all the bad news would be out.

How else to play.

Li Weidong glanced at his 500-yuan watch. It had been three minutes. The big order hadn't been moved yet, but part of Xu Yandeng's order for 10 million shares had been consumed.

"Cancel the order, put it at 9 cents and 50 cents, which is still 10 million shares!" Xu Yanden saw Li Weidong's actions and immediately gave the order.

Several traders immediately began to operate. This kind of special stock trading computer may not be eliminated in twenty years, but some large households still use this thing. It is fast and has accurate quotations. It is not comparable to ordinary computers.

.

This is a mental battle, it depends on who can't hold on. Li Weidong can't stand this. He doesn't put up an order at all. When buying, he entrusts selling at the same price, and when selling, he entrusts buying at the same price. The transactions are all done instantly.

After more than a minute of hanging up, the original order of 10 million shares was suddenly reduced by 5 million shares. Li Weidong smiled. It seemed that the other party couldn't hold it anymore. Even he didn't know if the other party didn't take the bait.

Will I be asked to pay more to buy it?

Xu Yandeng asked to cancel the order again, and placed 10 million shares at a price of two points lower. This time it was faster, and the transaction was completed in a few seconds. Around this price, a few more transactions were completed, and in more than ten minutes, the world's best person

A total of 60 million shares were traded.

At the beginning, I guess this person fell behind because he had too many sales orders. Later, he sold it to Li Weidong at a reduced price, and he entered the ambush circle in Xu Yandeng's heart.

Li Weidong patted Xu Yanden's shoulder, smiled and left without saying anything.

Li Weidong didn't care about the next thing. He just waited for the results. After so many days, he had experienced the baptism of the financial market. He was really not the material for this job.

Early the next morning, Li Weidong was busy taking delivery of his yacht. When he bought his father a traveling yacht during the Chinese New Year, he fell in love with a luxury yacht.

From now on, when I say that he has a yacht, he is not trying to trick his father-in-law. Last time, in order to encourage his father-in-law to come to Hong Kong Island, he said that he had a yacht that he could go fishing on.

Fortunately, after my father-in-law arrived, although he fished, he did not go fishing in the sea, otherwise it would be really difficult to do business.

This time, we really have one. Unlike his father's travel yacht, this one is a luxury version. It costs more than 10 million Hong Kong dollars, and you can buy a flat-floor one on Hong Kong Island.

"It's good, isn't it? Standing up here, do you feel that your aura is different, and your mind is particularly open-minded?" Li Weidong and Liu Jinhui were lying on the deck to bask in the sun.

"Hey, this is not the way people live. How much does this boat cost?"

"It's not expensive. It's more than 10 million. Just tell me whether it's worth it?"

This flybridge yacht was produced by Azimut in Italy. It is 22 meters long and more than five meters wide. It is equipped with a 1,500-gallon fuel tank and two German MAN V12 1,600-horsepower engines. It has a top speed of

Thirty-two knots, a range of more than a thousand nautical miles, and you can take a stroll in the South China Sea.

There are three decks, four bedrooms plus a staff lounge, a living room and a dining room, which are completely sufficient for living at home, entertaining guests, and holding business meetings.

"That's good, but if you buy this thing, you can't drive it out every day. It would be a waste to leave it there. Do you have to pay berth fees for parking there? Do you also have to pay for driving the boat?"

"You can't calculate the accounts like this, otherwise everyone only needs to eat, drink, and take care of themselves, and there is no need to do other things that are not necessities. If everyone is like this, what's the point of life?"

"It is rare to be rich but not arrogant. We have experienced poor days and can still control it. Do you think that when Li Qian and others grow up and have so much money to spend, will they become as rich as Zhao Xu?"

The temper of the second generation is arrogant and domineering!"

"No, the father married three wives in a row, and it is said that he even had an affair with his secretary, and the mother has such a domineering personality. What good can be taught from such a child? Our parents-in-law are not like that!

"

"You already know this!" Li Weidong asked awkwardly after he finished speaking. He named everyone by name, so it was better to pretend to be stupid.

(End of chapter)