Reborn Tycoon Rise

"It's still a little different." Xu Zhi said with a smile: "HSBC acquired 60% of Hang Seng Bank back then, and I like sole proprietorship, so I want to fully acquire Hang Lung Bank."

"If that's the case, then why do we still ask Xu Sheng for help?" Zhuang Qingquan, who was sitting aside and had been silent, suddenly interrupted.

"Of course it's different." Xu Zhi shook his head and smiled: "When I take over Hang Lung Bank, the problems of Hang Lung Bank have nothing to do with you. You two can also start over with a sum of money.

If I don't take over, according to the current speed of the run on Hang Lung Bank, it is estimated that the funds will be completely exhausted in less than a week, and then the Hong Kong government will inevitably intervene forcibly. By then, won't the two of you be faced with the bankruptcy of an ordinary company? "

In good times, the banking industry has huge cash flows. A bank with a market capitalization of several hundred million Hong Kong dollars can use billions of Hong Kong dollars in funds, and its influence is much stronger than that of traditional industries.

But the risk is also very high. Once a run occurs and no foreign aid is received, it can go bankrupt in a few days. Generally, at this time, one can only hope that other large banks will acquire them or the government will take over them to bear the interests of other depositors. Otherwise, if the bank's capital chain collapses, the loans cannot be recovered in the short term, and tens of thousands or even more depositors cannot get their money, the consequences will be disastrous.

Once this happens, in order to avoid a financial run and spread to other banks, the Hong Kong government will inevitably take over the bank in question, bear the losses for it, and appease the people. But for the bank, the cost is very high. All shareholders of the bank All the rights and interests of the bank will be cleared. If there are really economic problems within the bank, the management or relevant personnel will be held criminally responsible.

And if we can bring in the help of other banks or super-rich people before the situation worsens, we can prevent everything from happening. This was the case with Standard Chartered Bank a few months ago, but now Standard Chartered is unwilling to provide support due to new debt problems.

Help like Standard Chartered's is good-faith cooperation, while malicious ones take the opportunity to take shares or even acquire troubled banks. For example, in the 1960s, there was a run crisis on Hang Seng Bank, and this was what HSBC did.

Obviously, the two Johnsons now have the same idea, thinking that Bank of East Asia wants to take the opportunity to annex Hang Lung Bank.

"We are all Chinese-owned banks, and now we should focus on competing for the market with the British. If Xu Sheng does this at this time, isn't he afraid of being gossiped behind his back?" Zhuang Rongkun was not as excited as his brother Zhuang Qingquan, but asked calmly.

Xu Zhi smiled and said: "People who are somewhat famous in this world will always cause dissatisfaction among some people. How can I care about what these people think?"

Zhuang Rongkun nodded and said, "It makes sense. Then I wonder what price Xu Sheng is willing to pay?"

"Brother, we really want to..." Zhuang Qingquan was about to say something, but was stopped by Zhuang Rongkun with a wave of his hand.

Xu Zhi looked at the two people in front of him, smiled, raised his right index finger, and quoted his price: "100 million Hong Kong dollars!"

"What! 100 million Hong Kong dollars?" Zhuang Qingquan couldn't believe his ears. Even Zhuang Rongkun, who was relatively steady next to him, felt that he must have heard wrong.

Xu Zhi shrugged, took a sip of herbal tea, and said: "Yes, it is 100 million Hong Kong dollars, and you two must sign an agreement with me. If there are still losses hidden within Hang Lung Bank from us and the government departments, then the two Mr. Zhuang must bear joint liability."

Although Hang Lung Bank currently has a book loss of close to HK$1 billion, these are not 100% irrecoverable dead debts. As long as you wait for a period of time, you can still recover at least half of the amount, and the rest are real losses.

Given the size of Hang Lung Bank, a loss of several hundred million is actually not a big problem, but the biggest trouble is that the entire bank is currently being run by depositors. With the reports in newspapers and TV these days, more and more depositors are coming to withdraw money. Money, for fear that all the savings that I have worked hard for all my life will be thrown into the sea.

This kind of run cannot be faced by small banks. In the whole of Hong Kong, there are only a handful of people who can help Hang Lung Bank. Standard Chartered Bank has this ability and has also helped Hang Lung, but a larger number has been concealed. Loss.

This is also the reason why no large bank is willing to take over Hang Lung. No one knows whether an invisible bomb will suddenly explode one day in the future after the acquisition.

Zhuang Qingquan said: "Xu Sheng, 100 million Hong Kong dollars is still too little."

"Zhuangsheng, now is a life-saving moment. There is no point in discussing value!" Xu Zhi refused to give in at all. As long as he waited a few more days, Hang Lung Bank would inevitably be run out of cash and go bankrupt.

Zhuang Rongkun frowned, thought for a moment, and said: "I know Xu Sheng's intention of asking us to sign this agreement, but Hang Lung Bank has a large number of real estate mortgage loan projects. According to the current downward trend of housing prices in Xiangjiang, these projects will have a negative impact on the bank." It is impossible for us two brothers to bear the responsibility for this situation!"

Xu Zhi nodded and said: "As long as Hang Lung Bank does not deliberately hide huge losses or conceal huge dead debts, I will not pursue losses under normal operations."

In the current real estate market conditions, almost all banks will have bad debts related to real estate. However, the laws in Hong Kong are like those in the Mainland in later generations. Real estate mortgages are actually infinitely liable. That is to say, if a person mortgages a house, he will be liable later. If the loan cannot be repaid, the bank will give priority to repaying the loan after the property is auctioned, and any excess will be refunded and less will be reimbursed.

At present, housing prices in Xiangjiang are generally low. Even if the property is auctioned, it may not be enough to cover the loan owed when housing prices were at its highest, so the borrower still needs to repay the shortfall.

Therefore, even if Hang Lung Bank loses money in this area, it is only temporary. Most owners cannot run away. Even if someone does forcefully break the contract and leave, then the bank will take back the house. After these few years, the future house prices can easily beat 81 The peak period of the year.

Zhuang Rongkun nodded and said: "Hang Lung Bank is not 100% controlled by my banker. Although the other shareholders have never been too strict in terms of management, I still need to inform them if I sell the stocks in my hands."

"Of course." Xu Zhi smiled and said, "Then please tell them, Mr. Zhuang, that I can buy their stocks at the same price."

Zhuang Rongkun promised: "Okay, I will definitely notify all of them."

Today's meeting can achieve such a result, which is considered a great success. Xu Zhi stood up with a smile, shook hands and said: "Okay, then I will wait for the good news from Zhuang Sheng."

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