The intervention of the Hong Kong government has caused a great shock to the banking industry in Hong Kong.

First of all, Hang Lung Galaxy and K. Wah Bank were forcibly taken over by the Hong Kong government, and the Zhuang brothers and Liu brothers were restricted from leaving the country.

Only after the Financial Services Bureau found out that the Zhuang brothers and the Liu brothers were not suspected of illegal acts such as financial fraud or asset transfer could they restore their personal freedom.

Although the Hong Kong government has taken over the two banks, the run on the two banks has spread to all small and medium-sized banks in Hong Kong, and many elderly citizens have in their minds the run on the bank more than a decade ago.

In 1965 and 1967, a large-scale run broke out, and it can be said that the 60s was a dark period for the banking industry in Hong Kong.

Today, the run on Hang Lung Bank and K. Wah Bank is no smaller than it was back then.

Many older citizens explained to their younger citizens about the turmoil of the run on the bank more than 10 years ago, which caused panic among the people of Hong Kong, and more and more people went to various small and medium-sized banks to withdraw money.

Seeing this situation, MacLehose successively urged Xia Dingji to speed up the investigation of the foundation of the two major banks.

Unexpectedly, before he could find out, the news of Xie Liyuan's depleted funds suddenly broke out.

Founded in 1867, Xie Liyuan Gold Shop is a well-known big gold store in Xiangjiang, which is already a century-old shop.

A few years ago, Xie Li Yuan Gold Store launched the "Thousand Pure Gold Accumulation Plan" to start trading gold futures, and the public can open a gold account and buy and sell gold at the gold price set by Xie Li Yuan Gold Store on the same day.

Because Xie Liyuan Gold Store itself operated gold, the gold futures purchased by the public could be directly exchanged for real gold, so that the public had strong confidence in Xie Li Yuan Gold Store, so it was popular in Hong Kong as soon as it was launched.

It's just that after the paper gold business was launched, Xie Liyuan Gold Store would also diligently buy gold in the international market, but after a long time, Xie Liyuan Gold Store was lax, management was unbalanced, and funds were misappropriated, resulting in Xie Liyuan Gold Store itself not having large-scale gold reserves.

Coupled with the sudden surge in international gold prices, Xie Liyuan Gold Store also suffered serious losses.

But fortunately, it was properly disguised, and the citizens did not notice the problem.

It's a pity that Hang Lung Bank and K. Wah Bank exploded in the gold futures business, which led to a run, and the gold futures order was no longer able to be accepted.

Xie Liyuan Gold Store does not have large-scale gold reserves, and the liquidity is also small, and in the face of customers brandishing paper gold bills, Xie Liyuan Gold Store's funds directly bottomed out, and he had no choice but to close the door and refuse to redeem it.

After Hang Lung Bank and K. Wah Bank, another gold shop was on the verge of bankruptcy, and the already fragile nerves of the citizens were once again tense, and more people rushed to the bank where the deposit was deposited to withdraw money.

The number of victims who came to the Hong Kong government to petition increased again, and MacLehose was furious, and once again transferred people from the tax department to the department, and at the same time conducted a regulatory investigation into the Chea Lee Yuen gold shop.

As a result, on the fourth day, that is, on March 17, Xie Liyuan Jindian, the smallest of the volume, directly announced its closure, and the century-old enterprise collapsed.

In the Jiuding Bank Building in Central, Xia Yu and Liu Tianci looked at the crowded bank hall, and both of them showed satisfied smiles.

Other small and medium-sized banks are worried about the crowding of business halls, because all the people who go are withdrawing money.

However, Jiuding Bank would like more people to come, because except for a very small number of people, the vast majority of people are here to deposit.

In this critical time for the banking industry, Jiuding Bank is backed by Jiuding Culture Media Group, which occupies a huge advantage in public opinion, and under the repeated publicity, the public's confidence in Jiuding Bank is very full.

Although Jiuding Bank is a new large bank, who makes Jiuding Bank have strong capital, so it can rise against the market and absorb deposits on a large scale.

"Chairman, I didn't expect that before waiting for the news of Hang Lung Bank and K. Wah Bank, Xie Liyuan Jindian collapsed. ”

Liu Tianci sighed, an inexplicable smile appeared on his face, he was surprised when he learned that Xie Liyuan Jindian had a problem, but he did not feel sympathy, although Xie Liyuan's Jindian was affected, but if it didn't have problems in itself, it wouldn't go out of business.

I can only say that I did it myself!

Xia Yu smiled and said indifferently: "Xie Liyuan Jindian deserves to go bankrupt, I can't complain about others, if I don't explode thunder now, there will also be thunder in the future, and I will die early and die late." ”

"Keep an eye on it, Hang Lung Bank and K. Wah Bank can't bear it, and they will declare bankruptcy in two days at most, and then the Hong Kong government will choose to find other banks to take over, and HSBC and Standard Chartered Bank will not let the dead rabbit not pick it up." ”

Liu Tianci nodded and responded: "Don't worry, our bank is a big creditor of Hang Lung Bank and K. Wah Bank, even if HSBC and Standard Chartered Bank use their relationship, our bank has a great chance of winning." ”

"Well, you just have to grasp it!"

Xia Yu said with a smile.

......

In the HSBC Building, Shen Bi put down the newspaper in his hand and listened carefully to the report of Tom Yasuo, the manager of the M&A department.

"Chairman, I have inquired clearly that Hang Lung Bank misappropriated the funds from customers to buy gold futures, resulting in a loss of 320 million Hong Kong dollars, and the Financial Bureau is still accounting for other accounts. ”

"K. Wah lost a smaller amount, but it also lost HK$220 million in the gold business. ”

"According to our analysis, there is a 95% chance that Hang Lung Bank and K. Wah Bank will go bankrupt. ”

"Hang Lung Bank and K. Wah Bank have the value of acquisition, and Hang Lung Bank's net assets are between $280 million and $350 million, with total assets of more than HK$3.5 billion. K. Wah Bank has net assets between HK$200 million and HK$250 million, with total assets of more than HK$2.5 billion. “

"If we take a stake in two banks, we can get the two banks through the storm after the capital injection, and as long as we run it properly, we can make up for the losses in about three to four years. ”

After listening to this, Shen Bi thought for a moment and instructed Tom Yasuo: "You are ready, and it is best to contact the Hong Kong government as soon as Hang Lung Bank and K. Wah Bank go bankrupt, and you can take over the whole situation." ”

"Yes!"

Tom Yasuo perked himself and turned to leave.

In 1965, Hang Seng Bank, one of the largest Chinese banks at that time, was hit by the run-on turmoil, and before it went bankrupt, Ho Shanheng, who was the chairman at the time, borrowed money from everywhere to prepare for emergencies.

But He Shanheng, a wealthy businessman with a good relationship, and the bank did not lend a hand, so he had no choice but to ask the foreign bank for help and asked for HSBC. As a result, HSBC agreed to help Hang Seng Bank with unlimited funds to help it tide over the difficulties.

However, HSBC's condition was to eat Hang Seng Bank and buy 51% of the equity of Hang Seng Bank, and Ho Shanheng only agreed to 35% of the equity, but unfortunately, in the end, in order to avoid the collapse of Hang Seng Bank, Ho and the board of directors had to accept HSBC's conditions.

To this day, HSBC still holds a 51% stake in Hang Seng Bank, and a huge Chinese bank has become a pawn of HSBC.

This time the situation is different from the previous ones, Hang Lung Bank and K. Wah Bank are the source of the run, and it is too late for HSBC to help.

However, this time the opportunity is greater, and what Shen Bi wants more is to eat all the two banks directly.

As long as the two banks declare bankruptcy and liquidation, HSBC can take over the two banks without spending a penny, and the cost is only to bear the debts of the two banks.

With the strength and prestige of HSBC, Shen Bi is confident that as long as he takes over the two banks, he will be able to survive the squeeze turmoil, and then spend a few years to operate, so that the profits made by Hang Lung Bank and K. Wah Bank can make up for the losses.

If the market is good, maybe you will earn back the loss after two years or even a year of operation.

This is much more cost-effective than spending money on Hang Seng Bank in 1965, and it is not only 51% of the shares, but can swallow it all.

A bank bankruptcy is when the bank's net assets are lower than its losses, not the bank's total assets.

Generally, the net assets of banks are less than 10% of the total assets of the bank, which is why the bank has such a high return.

Therefore, even if Hang Lung Bank and K. Wah Bank go bankrupt, in fact, both banks still have assets of two or three billion Hong Kong dollars, which are essentially not owned by banks, but are managed by banks, and are composed of mortgaged real estate, loans, bonds, and so on.

If these two banks can be taken over at zero cost, or at the cost of low debts in the north, it is equivalent to directly bringing in five or six billion deposits and business volume, where can we find such a big cake?

Of course, not everyone has the ability to bring the two banks back to life after taking over, and there are not many people in Xiangjiang who have this ability.

Standard Chartered Bank counts one, Jiuding Bank counts one, Swire Consortium counts one, Bank of China counts one, and of course, the branches of those big banks in Britain and the United States in Xiangjiang also have this strength and qualification.

The helmsmen of these banks and forces are not good at stubble, and their ideas are similar to Shen Bi's, and when the time comes, it will depend on whose means are higher and can eat meat in their mouths!

Predators from all walks of life sharpened their teeth and waited for the bankruptcy of Hang Lung Bank and K. Wah Bank.

Soon, two days passed in a flash, and in the blink of an eye, it was March 19th.

The Hong Kong government finally found out the situation of the two banks, and it is not surprising that both banks are insolvent.

Among them, Hang Lung Bank's net assets were negative HK$23 million after offsetting the losses.

After offsetting the loss, the net assets of K. Wah Bank were negative HK$16 million.

The Hong Kong government held a press conference to ask the depositors to wait patiently, and will give an explanation to all the depositors concerned.

And all kinds of crocodiles, who have been waiting for a long time, went out collectively in an instant!