Reborn in Hong Kong: The Tycoon Grows Up

Since you can't influence the other party's decision-making, you can only ask employees to get the business done quickly. The longer this matter drags on, the more detrimental it will be to Far East Bank, which has many depositors outside. And it seems that the impact of Wu Guangzheng's account cancellation has begun to ferment. Many customers who came to make deposits no longer dare to put money in Far East Bank.

Fortunately, most of the Bao family's funds are placed in HSBC and foreign banks. As for other small and medium-sized banks, it is more of an attitude, relatively speaking, there is not much. Otherwise, Far East Bank will be brought down in no time; even so, it will be difficult to regain health in a short period of time.

The most important thing is the impact. I believe there will definitely be media reports on this matter; after all, the hottest topic in Hong Kong at this time is none other than the Charter King.

Qiu Degen returned home very tired, and he wasn't in such a hurry originally; but if there was an emergency in Xiangjiang, he had to come back and handle it personally. As the first generation entrepreneur in the family, as soon as he comes back, his family will immediately have a backbone.

Important members of the Qiu family came to the study room to discuss this matter. Everyone understood that the crisis must be resolved as soon as possible; otherwise, Far East Bank would be in great danger and would even bring down other companies in the family.

Qiu Degen: "Boss, what's going on with the bank today?"

As an entrepreneur, no matter how old his son is, he will not trust him to completely manage the business. This is especially true for the family's core industry. Therefore, the supervisory leaders of Far East Bank will still report major events that occur in the bank to him. Therefore, when Qiu Dasheng was negotiating with Wu Guangzheng, Qiu Degen already knew that the Bao family had come to close their accounts.

I just want the boss to report it in person. After all, what was said on the phone was not very clear; and the reporter only knew a rough idea. After all, he did not handle the matter personally.

I have long wanted to report it to my father. After all, this matter is too big; it is beyond his ability and authority.

Qiu Dasheng: "This afternoon, while you were still on the plane, Wu Guangzheng of the Bao family came to the bank headquarters, canceled all the accounts of the Bao family's companies, and withdrew all the deposits."

"And there is no room for negotiation at all, and there is no mercy at all."

Hearing that the Bao family would actually do this, the Qiu family never expected. After all, this is a rhythm that will never cooperate. Logically speaking; given the previous relationship between the two families, it really shouldn't be the case.

Second Young Master Qiu: "You agree to withdraw money and close the account. If you don't know how to appease me, now it's causing trouble all over the city, how are you going to end it?"

Hearing his second brother say this, Qiu Dasheng was really angry. Don’t you have any idea why the Bao family came to cancel their account?

You caused this matter, now let me wipe your ass. And then they were complained about, and there was really no place to reason. Qiu Degen didn't expect that the charter king would do things so brilliantly. It seemed that he had indeed touched the bottom line this time. But since you have made a choice and there is no other choice, you can only go to the dark side. At least the Zheng family must be caught, otherwise the Qiu family will not only be in a desperate situation, but at least their life will not be easy.

Hearing the second child say this to the boss, Qiu Degen also had a headache. Every rich man hopes that his family will be full of children and grandchildren. But when the children grow up, it will be a huge headache.

Every child wants to do well and keep their brothers down. The family assets are huge, but they are limited after all. Every child hopes to get more points, and preferably to control the entire family. Therefore, fighting between each other is inevitable. Moreover, this kind of fighting will manifest itself in all aspects, causing no peace in the family.

Qiu Degen knew very well that the boss was definitely not to blame for this matter. It was the second brother who insisted on playing the video of the two-pack secret conversation in order to prove himself; and then he also refused to provide any information to the charter king.

This explanation for the videotape received anonymously would make anyone angry. This is to make the charter king look like a monkey.

Qiu Degen: "The matter is over, so what's the use of talking about it. The top priority is how to deal with the crisis, not the time to complain. At this moment, the family must be united within the family and face the outside world; otherwise it will be difficult to get through this difficulty."

"Both the second child and I are responsible for the Bao family's affairs. It was caused by a mistake in judgment. The boss was just handling banking business normally."

Everyone also knows that family unity is more important than anything else now. There must be no civil strife, otherwise the consequences will be disastrous.

Seeing that his sons were no longer arguing, Qiu Degen continued: "This incident happened because of the Zheng family, so we must bring them over. Tomorrow, second brother, you will go to the Zheng family and ask them to deposit some funds at Far East Bank. Enter. Shark Dantong is a smart guy and definitely knows what to do.”

Qiu Degen is still very confident in this point, if the other party disagrees. If you talk to the chartering king about the matter emotionally, I believe the Zheng family will not have an easy time. If Zheng Yutong admitted that they did it, it is estimated that Pao Yugang would not call him personally.

In the Qiu family, Qiu Degen's words are imperial edicts, and everyone must carry them out unconditionally. Therefore, the sons did not have any objections, and most importantly, they did not dare to have any objections.

Qiu Dasheng: "Father, it would be best if the Zheng family has funds to enter, but the matter of the Bao family's cancellation has begun to ferment. Basically, those who came to make deposits today were scared back; as more and more people know about it, the bank may face Amid the bank run crisis."

"Although Far East Bank currently has relatively sufficient funds, there won't be any big problems in the short term. But if it takes a long time, it may not be able to withstand it."

Small and medium-sized banks are most worried about problems with their big customers. Although the Bao family is not the largest customer, its influence is indeed not small. Moreover, the Qiu family are from the same hometown, and they all took the money away; does this mean that the bank itself has great risks?

Ordinary people don't care about that. For them, what attracts small and medium-sized banks is more interest. But the premise is that the funds must also be safe; if it is found that the funds are at risk, what is the use of high interest rates.

Qiu Degen: "We will increase the deposit interest rate appropriately tomorrow and we will be fine if we get through this period."

For small and medium-sized banks, since the crisis of trust has broken out, there are two best solutions. One is to increase bank interest rates to make depositors feel like they can make money. The second is to seek endorsement from a big bank. For example, HSBC’s previous unconditional support will also dispel depositors’ concerns. But at this moment, HSBC cannot support it unconditionally; after all, the charter king’s influence in HSBC cannot be underestimated.

Then we can only increase the interest on deposits; wealth can be gained through insurance, and I believe many people are still willing to take this risk.

But at this time, Qiu Degen obviously misjudged the situation and the people in Hong Kong were afraid of small and medium-sized banks.

Early the next morning, the bank had just opened. Employees of all companies under the Bao family came to various Far East Bank branches with only one purpose: to withdraw money and close their accounts.

Although an employee of a family business does not have much savings in Far East Bank. However, the impact was so great that people who were still waiting and watching yesterday did not dare to put their money in Far East Bank anymore. Promising high interest rates won’t work, in short, the goal is to withdraw the money.

Far East Bank can only cope with the situation by temporarily closing the window and increasing the queue time. At the same time, funds are also mobilized from various companies under the Qiu family to deal with the immediate crisis.

At the same time, Er Shao Qiu and Er Shao Zheng spent another crazy night together. Dad said tomorrow, how could Second Young Master Qiu wait? So I made an appointment with a few newcomers from the TV station and called Mr. Zheng.

Second Young Master Zheng would not miss such a good thing. While drinking, Mr. Zheng said that he would mobilize 200 million funds to go to Far East Bank tomorrow.

But when he got up the next day, Ershao Zheng received a call from his father; he didn't dare to mention the money matter again.

Putting money in the Far East Bank at this time is almost like beating a dog with a meat bun. The Charter King is already angry. If you help the Qiu family at this time, you are not asking for trouble!

Qiu Degen personally sat in the bank and explained to depositors that Far East Bank had no problems at all. But the effect was not obvious, at least few people in line left.

Now we can only hope that the Zheng family can mobilize funds, which will not only reassure citizens, but also increase the bank's capital reserves.

But after waiting and waiting, I couldn't see the Zheng family coming. I have no choice but to call my second brother.

In fact, after Er Shao Zheng left, Er Shao Qiu also felt something was wrong. After all, when the other party left, there was no deposit at all. Could there be any variables here, so I tried to call, at least to remind the other party.

But what he didn't expect was that Mr. Zheng's phone was turned off. Could it be that I forgot to charge it last night, but it doesn’t look like it!