Reborn in Hong Kong: The Tycoon Grows Up

Zheng Yutong's actions made one person a little enlightened, and that was Qiu Degen, the former owner of the bank. What is going on? Why did Shark dare to join forces with Shen Bi and Bao Yugang to issue bonds? The hole in Far East Bank is quite big, and no one knows this better than the Qiu family. But think about it carefully; even if others don't know, Shen Bi definitely knows it. Because the Qiu family also exchanged loans with HSBC, but why Shen Bi would do this is really hard to understand. There must be benefits here.

At this time, the Qiu family has withdrawn from the banking industry. If they are making inappropriate remarks, they are really getting an advantage and acting like a good boy. And even if you speak out in the media, no one will believe it. The people in Xiangjiang would also laugh at the Qiu family for not having the ability to keep the bank safe. They would also feel jealous when they saw how well they were doing. Then he will definitely become a laughing stock in the future, and may even be thought to be due to the incompetence of the Qiu family.

When the Xiangjiang small and medium-sized bank holding family wanted to discuss with the Qiu family, Qiu Degen refused directly; at the same time, he said that he didn't know anything, and even if he knew, he would not disclose any information. This is the most basic business principle, and the Qiu family will never let anyone find fault with it. Moreover, the Qiu family would not get any real benefits from this matter, and would only be used as a weapon; Qiu Degen was not stupid, and would not wade into this muddy water at all.

Wing Hang Bank, formerly known as Wing Hang Bank, was founded by Feng Yaojing in Yangcheng City in 1937. It initially engaged in gold and silver exchange business. After World War II, Wing Hang Bank reorganized its business in Hong Kong and initially had 19 employees. After a period of systematic development, Wing Hang Bank was granted a banking license by the Hong Kong government in 1960. In 1979, the head office was demolished and rebuilt into a 20-story head office building for expansion.

Currently, Wing Hang Bank has more than 30 branches and representative offices in Hong Kong and Las Vegas, making it a relatively large private bank.

The founder Feng Yaojing is also a legendary figure. His ancestral home is Ronggui Magang Mazhong Village, Shunde. Although he has lived in a rural area since childhood and did not read much, he is intelligent by nature and has few ambitions. When he was fourteen years old, in order to help his family solve their life difficulties, he left his hometown and became an apprentice at the "Anfa Bank" of No. 13 Bank in Yangcheng. Due to diligent study, he is not ashamed to ask questions; he quickly becomes familiar with the financial operation process; and he has a unique set of insights.

In order to better display his talents, at the age of 29, he and his friends founded "Yongheng Bank" in Yangcheng. Remarkable results were achieved quickly. However, when the Anti-Japanese War broke out, he moved his bank account to Zhan City, and business development basically came to a standstill.

In 1945, when the war was basically over, he moved to Hong Kong and reorganized the "Wing Hang Bank" in Hong Kong. Due to good management skills and the gradual stabilization of the social environment, Wing Lung Bank's business developed rapidly and opened additional branches in the casino. In 1960, "Wing Hang Bank" was registered as "Wing Hang Bank" Co., Ltd., and Mr. Feng was elected as the first chairman.

It can be said that Feng Yaojing has seen strong winds and waves, and is still an old man who has come through the war years; many things have been taken lightly, at least they will not be affected by the outside world. But the current situation is a dilemma he has never encountered in decades of working in the financial industry; it can even be said that Wing Hang Bank has reached the edge of life and death.

Nanyang Commercial Bank was founded in Hong Kong on December 15, 1949 by Zhuang Shiping. The founder Zhuang Shiping was also a legendary figure.

Zhuang Shiping, a native of Chaoshan, was born in 1911. He founded Nanyang Commercial Bank in Xiangjiang as early as 1949 and Nantong Bank in the casino city the next year.

Mr. Zhuang gradually gained huge influence and cohesion in the economic society of Xiangjiang. The capital strength of Nanyang Commercial Bank also jumped to the second place in the Huayin system in Hong Kong in the 1970s, which shows its strength and influence.

As for Innovation Bank, established in 1948, it was already in the hands of the second generation.

Liu Liewen was born in 1930 and joined Chong Hing Bank in 1950. In 1961, Chong Hing Bank encountered a run, although HSBC and Standard Chartered Bank issued a joint announcement publicly spreading rumors about Chong Hing Bank. Unfortunately, his father, Liao Baoshan, died of a cerebral hemorrhage. Liao Liewen was appointed to take over as managing director at the critical moment; and led the bank to avoid the Hong Kong stock market crash and bank runs in 1965.

It can be said that the ability is no worse than that of the first generation, and he is also younger, so he is definitely considered to be in the prime of life.

As for Wing Lung Bank, it opened at No. 37 Bonham Street East, Hong Kong on February 25, 1933. It was named Wing Lung Bank with a capital of HK$44,500. It engaged in currency exchange, exchange, deposits, and transactions at various ports. The business of buying and selling stocks, gold and domestic government bonds on behalf of clients has achieved year-on-year growth.

In 1937, in order to expand its business, it moved to No. 112 Queen's Road Central, Hong Kong. In 1941, the Pacific War broke out and Xiangjiang fell. In order to settle down with his colleagues, Wing Lung moved to the gambling city to continue his banking business and established the Wing Lung Gold Number in Liucheng, Western Guangdong. He also actively cleared old accounts in Casino and Liucheng, which was highly praised by customers. It was not until 1945, when the war ended, that he returned to Hong Kong and resumed business.

The founder, Wu Yisun, was originally from a wealthy family, but his family fell into decline when he was young. Being able to start a new business in Xiangjiang is definitely a person with great ability.

At this time, the heads of the four major private banks in Hong Kong, Feng Yaojing of Wing Hang Bank; Zhuang Shiping of Nanyang Commercial Bank; Liao Liewen of Chong Hing Bank; and Wu Yisun of Wing Lung Bank, gathered together and were discussing countermeasures.

According to the size of the bank and its influence in the industry, Wing Hang Bank Feng Yaojing is stronger than the others, at least with the largest number of branches. He should be the first to speak, and this applies to all places and situations.

Feng Yaojing first said: "The current living environment for small banks in Hong Kong is getting increasingly difficult. There is basically no room for small banks like us to survive. Zheng Yutong acquired Far East Bank with a high profile and entered the banking field strongly. Now, if rare earth mineral company bonds are directly issued, if I don’t want to take any countermeasures; we may also follow in the footsteps of Hang Lung Bankers and Far East Qiu Family.”

"I'm not afraid of your jokes. Today alone, more than 300 million Hong Kong dollars were withdrawn from Wing Hang Bank. Large withdrawals still require reservations; if we don't come up with a response strategy, this number may double tomorrow."

Others were not too surprised to hear that HK$300 million was withdrawn from Wing Hang Bank in one day. Their situation is similar, not even much better than the other's. Not so much money was withdrawn by customers, mainly because the scale is smaller than Wing Hang, but in terms of proportion, it is the same.

Knowing that he had to express his opinion, Zhuang Shiping said: "The situation of Nanyang Commercial Bank is similar, or even worse. Now it is no longer a matter of one bank, so we must join forces."

"With the strong rise of Heiyun Bank, especially other ATMs, which have been spread all over the streets of Xiangjiang, our previous advantages have been lost. In the past year, very few people have come to the bank to open accounts. Fortunately, everyone has some With an old customer base, it’s not like we have nothing to eat.”

"But now Zheng Yutong comes out to disrupt the situation again. If we don't find a response strategy, everyone may really have nothing to eat."

"Wu Sheng has a good relationship with Qiu Degen. I wonder if he has revealed anything about Far East Bank to you. Only by knowing yourself and your enemy can you win every battle."

"Although we all know that Far East Bank, which is now Zheng's Bank, has many non-performing loans. But the specific situation is definitely not as detailed as the Qiu family's data. Although this involves bank confidentiality, at this time the Qiu family has already communicated with Far East The bank has nothing to do with it. Are you just watching us suffer misfortune? Can't you remember the past friendship and reveal a little useful information!"

Zhuang Shiping's so-called advantage is that these banks have branches in remote places and can serve some markets that big banks previously looked down upon. Many of them are elderly. If there are no accidents, they will basically not open accounts in other banks. The customers are still very stable.

But Heiyun Group does not need to open a branch at all, as one ATM machine can solve all problems. If that doesn't work, just use two. As a result, the number of depositors in these banks has grown very slowly or even not at all.

But after all, there was some foundation before, and if we could serve our existing customers well, we wouldn't go bankrupt. But Zheng Yutong's current move is too cruel. He wants to beat everyone to death with one stick, leaving no room for survival.

As for the Qiu family, it was because Wu Yisun and Qiu Degen had a close relationship; they often drank tea and chatted together. If you want to find out the specific situation of Far East Bank through Wu Yisun, you must at least be aware of it.

But who would have imagined that Qiu Degen acted completely according to the rules and did not give face to anyone. He also made it clear that he will no longer participate in any matters related to the Hong Kong Bank; his attitude is very firm!