The birth of the Hong Kong Island family

Wednesday, June 14th.

A group of "nervous" depositors flocked to the head office of Liu Chong Hing Bank on Des Voeux Road West in Central. It was only early in the morning, but the number of people was already gathering. Each of their faces showed an anxious look, as if they had encountered some catastrophe.

The crowd was talking a lot, and angry voices could be heard from time to time.

"I never expected that Liao Baoshan was such a person, she actually sold flour, and now she's taking the money and escaping!"

"My XX Liao Baoshan ancestors, the eighteenth generation, took the savings of us fellow villagers for themselves, not only speculating in land and real estate, but also wanted to flee abroad after getting rich."

"What I heard is that Liao Baoshan emptied the depositors' accounts and has no money to pay back. He wants us to consider ourselves unlucky. Damn, if he dares to appear in front of me, I will make him pay with his life today."

"Why don't you open the door? I want to withdraw money! Damn it, Liao Baoshan, you are a big liar!"

More and more people gathered here, and the rumors began to spread. Soon the place was already crowded and crowded.

When the bank staff came to work in the morning, they were immediately startled. Under the urging of people in line, they quickly returned to work and called the police and reported to senior management.

Suddenly, Hong Kong's first run event after World War II broke out.

Liu Chong Hing Bank was plagued by unfavorable rumors and rumors, and suffered a large number of depositor runs. About 3 million yuan was withdrawn on the same day. What's even worse is that later, as rumors have spread all over Hong Kong and Kowloon, the run has become more and more intense.

When Liao Baoshan learned that the withdrawal incident had occurred and the rumors were spreading, she suddenly became anxious.

That night, he stayed up all night, crying on the pillow mat.

He understands that tomorrow will be the real test, and the run will spread to branches in Causeway Bay, Mong Kok, Sham Shui Po, and Kowloon City.

The situation of Liao Chong Hing Bank is even more unbearable. With a total deposit of HK$108 million, he has already lent a total of HK$88 million to himself and his customers. In other words, the bank has only a cash flow of 20 million.

In the face of the outbreak of the liquidation incident, this little money lasted for less than three days.

There were also a large number of depositors who stayed up all night that day. They gathered in various branches of Liu Chong Hing Bank and slept on the streets, waiting for the first opportunity to withdraw money the next morning.

Some people wept and shed tears, stamped their feet and cursed Liao Baoshan for harming them;

Someone was full of swear words, scolding Liao Baoshan for letting her years of hard-earned money turn into bubbles;

Someone was beating on the surrounding buildings and public objects, anxious.

The appearance of all living beings is so sad and miserable!

"Lin Sheng, you must help me this time! You know, there are rumors outside, I am in Hong Kong well, how could I run away?"

On the afternoon of the second day of the withdrawal, Liao Baoshan came to Lin Zhichao's office and asked for help.

Apart from his fellow Chaoshan fellows, the first thing he thought of was Lin Zhichao. The first was that Lin Zhichao was rich, and the second was that the two had a good relationship.

Then, just this morning, many Chaoshan fellows rejected his loan request for various reasons; those who agreed to borrow money were only a few hundred thousand or millions, which was simply a drop in the bucket.

To sum up, he combined the cash from the real estate company and the funds promised to borrow from Chaoshan fellows, and the total amount was less than 30 million Hong Kong dollars; this amount of funds is estimated to last three days, or even less.

Lin Zhichao sat on the sofa with Liao Chuangxing, looking at Liao Baoshan's haggard face, he suddenly felt that the power of rumors was really great.

"Brother, a lot of my funds here are invested, and I can't get much out in a short time. So, I'll ask my financial manager to come and ask him how much he can use!"

Liao Baoshan suddenly became anxious, as this kind of rhetoric seemed to have appeared before.

"Then ask, Lin Sheng. You know me. I didn't lose any money. I just invested it in real estate. I can afford to pay it back."

Lin Zhichao nodded, then dialed the phone at his desk and spoke inside.

Later, Lin Zhichao turned around and said: "Brother, since things are not at the end of the road, don't worry about your health. As for money, as long as people are around, you can't earn it back very quickly."

How could Liao Baoshan be in the mood to listen to this, but because of Lin Zhichao's face, she could only nod her head.

Little did he know that Lin Zhichao was saving his life!

In any case, after this incident, even if Liao Baoshan is alive, her credibility will be greatly reduced. It will be difficult for the bank to recover, and there will be some losses in real estate.

Therefore, Lin Zhichao will not regard him as an opponent.

After a while, Zhou Fuzhao walked in.

Lin Zhichao said: "How much money can the company withdraw immediately?"

Zhou Fuzhao looked at Liao Baoshan and knew the reason for the matter, and said: "It should be possible to withdraw 10 million Hong Kong dollars, but if all is withdrawn, our company will be short of funds in a short time."

Lin Zhichao immediately interrupted: "I will mobilize some more from Yangtze River Industries. The company will run smoothly! In this way, you immediately take people to withdraw the money in person and then send it to Liao Sheng. I can only help you so much with the funds. , My Yangtze River Industry can make money, but almost all of it is used to subsidize shipping, as you know, shipbuilding is very expensive."

At this time, Liao Baoshan had already stood up. Although the amount was lower than expected, it was more generous than those fellow villagers. What's more, Lin Zhichao made it very clear that although he was wealthy, he still had to subsidize the funds for shipbuilding. In addition, he had considered it beforehand. Lin Zhichao had invested in so many buildings and hotels, and the funds could definitely be occupied.

"Lin Sheng, you have really helped me a lot. When the storm subsides, I will definitely invite you to have a drink with you."

Lin Zhichao patted Liao Baoshan on the shoulder and said: "Brother Liao, you can refer to Chen Detai's past for this matter. Only HSBC and Standard Chartered can cure the root cause. Because depositors need to boost their confidence and dispel rumors, as long as HSBC and Standard Chartered Bank support you , in order to stop the run. Otherwise, I may not be able to carry the huge amount of funds even when I have the most funds."

Although Liao Baoshan didn't hear it the first time, she remembered it in her heart and said, "Okay, I remember it!"

Lin Zhichao said: "Okay, you go and get busy. I'll ask Manager Zhou to accompany you to withdraw the money. I'll call the bank right away. If you have any questions later, you can communicate with me. I won't be afraid of you. After all, I know You are not the Chen Detai you were back then, and you are fully capable of getting through this difficulty."

Liao Baoshan was deeply moved. Many of his fellow Chaoshan residents feared him like a tiger; but this friend from Shunde not only lent him the largest amount of money, but was also willing to maintain communication at any time.

Without saying thanks for the kindness, he could only hand it over and leave with a heavy heart.

After Liao Baoshan and Zhou Fuzhao left, Lin Zhichao immediately called the bank and asked them to withdraw 10 million funds immediately.

In fact, just yesterday Lin Zhichao had communicated with Zhou Fuzhao, and Liao Baoshan would definitely come to him, and the amount of funds would be discussed in advance.

10 million funds is neither too much nor too little!

If the extra 10 million funds can change Liao Baoshan's fate, then Lin Zhichao has nothing to say.

But Lin Zhichao understands that 10 million funds will not change much. Only the joint statement and financial support of Standard Chartered and HSBC can resolve the crisis.

Because, the most important thing here is to stabilize reputation!

Of course, Lin Zhichao can also issue a statement saying that he is willing to guarantee; if so, I believe that the effect will not be inferior to that of Standard Chartered Bank, and the run may subside.

But Lin Zhichao will definitely not do such a thing, unless there is a run on the Bank of East Asia, he is willing to guarantee it, and it must be an era when the Jian Dongpu family makes the decision. After all, Jian Dongpu trusted him so much back then.

On Liao Baoshan's side, Lin Zhichao took out 10 million, which not only fits his identity, but also echoes the friendship between the two.

If he had the right to rescue, wouldn't Liao Baoshan not learn a lesson and still regard the bank's funds as his own funds in the future? Maybe there will be a bigger storm in the future.

This lesson is what Liao must bear.

However, he didn't want Liao Baoshan to die like in his previous life.

In fact, Liao Baoshan also sought help from other Chinese-owned banks, but all of them were rejected, or shied away from leaving it to the board of directors for discussion. Even Tai Sang Bank, owned by Xiang Ma Jincan, barely provided 3 million Hong Kong dollars to support Liao Baoshan, but none of them refused. It’s a drop in the bucket.

On the evening of the third day after the Liu Chong Hing Bank's "run incident" broke out, HSBC and Standard Chartered Bank issued a joint statement: They believed that Liu Chong Hing Bank's assets exceeded its liabilities, expressed support for "Liao Chong Hing Bank" and loaned 30 million Hong Kong dollars to the bank. Cope with a run.

At the same time, the police department also publicly stated that it is purely a rumor that a well-known banker is wanted by the police or his situation is restricted.

HSBC and Standard Chartered, both standing members of the Hong Kong Association of Banks, heard about this incident and were afraid that the run on banks would spread to other banks, so they decided to invest in the rescue. The loan of 30 million Hong Kong dollars is because HSBC and Standard Chartered believe that 30 million Hong Kong dollars can quell the run.

as expected.

The next day.

Since the fourth day of the 'run incident' at Liao Chong Hing Bank, the trend of the run has eased, and the statements of HSBC and Standard Chartered are still very effective.

Of course, the reputation of Liao Chong Hing Bank has been greatly affected, so some depositors are still worried and continue to withdraw money and close their accounts.

Only some depositors who are not willing to pay interest decided to continue to wait and see.

According to reports, more than 20,000 depositors went to withdraw money in the first three days, and the deposits that were withdrawn were about 30 million yuan.

Liu Chong Hing Bank Headquarters Office.

Liao Baoshan didn't have a good rest for three consecutive nights, but he didn't dare to rush to the bank too early for fear of being beaten up by the depositors; so at nine o'clock in the morning, he quietly came to the office through other channels.

"How is the situation outside? Has it improved?" He asked eagerly when he saw the bank management.

"It has improved a lot and the signs of withdrawals are decreasing. Although there are still some people queuing up, we believe it will calm down in the next two days." The senior management said quickly.

Liao Baoshan nodded, and let the senior management go to work, while he picked up the newspaper and read it, and found the statement about HSBC.

Suddenly, he stood up in shock.

I saw.

Originally, the second joint statement stipulated that 'HSBC and Standard Chartered have made certain arrangements to bring the incident of Liu Chong Hing Bank under complete control. '

But now, it has been published in newspapers that "Liao Chong Hing Bank's business is completely under the control of HSBC and Standard Chartered." '

"Could it be that HSBC and Standard Chartered want to take over my property!"

"I knew that the ghost guy wasn't so kind!"

Liao Baoshan thought that the two major banks were going to take advantage of the situation and annex his assets, and she was filled with grief and anger.

It happened that many friends called and talked about what was in the newspaper. Everyone said that HSBC might want to take over Liao Chuangxing Enterprises, so Liao Baoshan should be careful.

"what do I do?"

With this thought in mind, Liao Baoshan fell into trouble again, further exhausted physically and mentally, and anxious.

Actually:

HSBC and Liu Chong Hing have prepared a joint statement, which probably reads: "HSBC and Standard Chartered have made certain arrangements to bring the incident at Liu Chong Hing Bank completely under control."

However, when the original English manuscript was translated into Chinese and published in a newspaper, it became "the business of Liao Chong Hing Bank is completely under the control of HSBC and Standard Chartered."

Damn Wenchang Jiha, all the rivers and rivers have passed, but something went wrong in the translation process. When people point their backs, they will get stuck in their teeth if they drink cold water.

The run on Liu Chong Hing Bank subsided on about the fifth day. Although it did not cause a domino effect, it still had some negative impacts on the stock market and real estate.

This is not all the reason why Lin Zhichao withdrew from the stock market. In short, he personally believes that the Hong Kong stock market has almost reached a temporary peak; even if there is an increase in the next four years, the magnitude will not be very large, and more likely to be sideways. .

Rather than putting funds in the stock market, it is better to put them in the hands of funds. What's more, Lin Zhichao is already very satisfied with having earned 10 million. After all, there is not much profit in the Hong Kong stock market in this era.

"Boss, Liao Sheng is outside!"

"Oh, invite him in."

Lin Zhichao was a little surprised when Liao Baoshan came to visit him again. After all, seven days had passed since the Liao Chuang Hing Bank run incident and it had completely subsided. Undoubtedly, the Liao Baoshan family's vitality has been severely damaged, and the biggest loss is their credibility.

Lin Zhichao almost didn't recognize Liao Baoshan when he saw her again. After not seeing her for a few days, Liao Baoshan was already sluggish and it seemed that she hadn't slept well these days.

"Sheng Liao, make sure you are healthy. Money is just something outside your body."

Liao Baoshan smiled bitterly and said: "Lin Sheng, I am not as open-minded as you. I watch helplessly as HSBC and Standard Chartered want to eat me. I can't sleep every day and wash my face with tears!"

It’s quite heartbreaking!

Lin Zhichao immediately comforted him: "Impossible, why would Standard Chartered and HSBC eat you? Your assets are greater than your liabilities, so why should they eat you?"

In Liao Baoshan's mind, he felt very stubborn. He didn't listen to Lin Zhichao's persuasion.

"Lin Sheng, you don't know that Standard Chartered and HSBC have arranged for Luo Bingxian Accounting Firm to verify the account books of Liao Chong Hing Bank, and asked Liao Chong Hing to auction the property to repay the loan. With the current market situation, not only can the auction not be able to get a suitable price, but even I will still be eaten by my peers. The assets I have managed to acquire, will I have to watch them go away like this? I am not reconciled!"

The obsession was so deep that Lin Zhichao couldn't help but frown!

"Sheng Liao, calm down! With me, Airship Tai, and Li Gaofu around, no one can eat cakes. You have to trust our character in this regard."

Liao Baoshan had a flash of relief, but quickly said: "Having said that, with the current market situation, it is obvious that my property will be discounted. Lin Sheng, you are the only one who can help me now!"

Lin Zhichao immediately invited Liao Baoshan to sit down and said, "How do you want me to help?"

Liao Baoshan said: "One way is that I sign a sales contract with you and I sell all my assets to you. In this way, HSBC and Standard Chartered will not auction my properties." Then he quickly added: " Don't worry, this contract is for HSBC and Standard Chartered, once the incident is over, the contract can be terminated by you."

Lin Zhichao thought that it would involve about 40 to 50 million yuan worth of properties. It might be inappropriate to sign a contract and have legal effect immediately; after all, Liao Baoshan would not sign the contract at a low price, it must be the market price.

Moreover, Lin Zhichao has already said that he has no cash flow, so if he agrees now, it would be a bit bad.

So, he said tactfully: "Sheng Liao, as a friend, I really want to help you, but your method is very inappropriate."

Liao Baoshan was immediately disappointed, and then she said in a pleading tone: "Lin Sheng, for the sake of our friendship of more than ten years, please help me. In Hong Kong, you are the only one who can help me."

Lin Zhichao said straightforwardly: "Liao Sheng, if you believe me, follow my method:

First, it is already a fact that HSBC and Standard Chartered are now forcing you to auction properties to pay back the money. Your property is worth more than 100 million yuan, they can't eat it, and they don't dare to eat it, otherwise the reputation will be ruined.

Second, when it comes to auctioning properties, go to Halimin. This is a foreign auction house. All the properties auctioned by foreigners are real. But if you ask us Chinese people to auction them, you can't believe it. "

It's not that Lin Zhichao belittled Chinese people, that's the fact. He is also Chinese, but he must recognize the reality.

Liao Baoshan said weakly: "If HSBC insists that I auction the property, I have no choice. But I hope that Lin Sheng will take the lead and talk to those experts, and don't add insult to injury."

Lin Zhichao said: "Don't worry about this, no one will eat cakes!"

But he also understands that the price will not be higher than the market price in May, but it will not be lower. After all, with the support of several real estate developers such as Lin Zhichao, Feipingtai, and Li Gaofu, it can almost reach 70%.

Before leaving, Lin Zhichao repeatedly told Liao Baoshan: "Brother, think about it, you have acquired hundreds of millions of assets in just a few years. If you lose a little this time, you can make it back in the future. If your body collapses, Lie Wen can certainly take on the responsibility of the Liao family business." , but can it still be as heroic as yours?"

Liao Baoshan finally listened to it this time, bowed her hands together, and said, "I will definitely remember Lin Sheng's teachings!"

After seeing off Liao Baoshan, Lin Zhichao returned to his seat and couldn't help but sigh.

Only through personal experience can we understand the dangers of shopping malls.

Fortunately, he has escaped the initial risks of the market. The three group companies have almost zero debt, and any risk will not be fatal.

Even if he encounters an oil leak in the United States, in this era, the maximum compensation will be 100 million U.S. dollars, which is basically a scale of 10 million U.S. dollars.

He can afford to pay, and more importantly, his mentality will not be as heavy as Liao Baoshan's.

For Lin Zhichao, if he collects more American wool in the future, the losses will be recovered.

Of course, Lin Zhichao still strictly prevented that kind of thing from happening, and repeatedly told senior seamen not to change the route without authorization.

The same cannot be said for Liao Baoshan, after all, he doesn’t know what’s going to happen in the future!

This time he suffered a great loss:

First of all, the credibility of Liao Chong Hing Bank will be very low in the future, and it will take a long time to recover;

Secondly, properties worth about 50 million yuan will be sold at low prices, which theoretically will result in a loss of 30%.

Hope he figures it out!

Lin Zhichao also doesn’t want to lose a friend!

As for not fully helping Liao Baoshan, Lin Zhichao insisted on his own ideas.

Not to mention Liao Baoshan, Li Gaofu, and even his father-in-law Tang Zhongyuan and Lin Zhichao all helped to this extent.

After all, if I don't teach you a lesson, how will you grow up? Will you have to wipe their butts for them every time in the future?

It’s not like he’s on the verge of bankruptcy, he’s just losing some property!

In order to help Liao Baoshan, he also lent 10 million Hong Kong dollars. I am afraid that the total of Liao Baoshan's fellow villagers would be similar to this. At the same time, he also promised not to let anyone eat the cake boy.

It's enough to be a friend.