Chapter 1150: Political Shackles Lifted (First Update)
Two days later, on August 16.
In the City of London, 1.5 billion pounds of banknotes were placed in the lobby of Barclays' headquarters, and the BBC was invited to shoot them.
By noon, the news of Barclays spread throughout the UK.
The Rothschild family mobilized all their efforts to carry out positive propaganda in an attempt to increase the confidence of depositors as much as possible.
Not to mention, it did play a certain role, even the share price of Barclays has slowed down, and the pressure of the run has been reduced a lot.
But Xia Yu has been calculating for so long in order to trap the Rothier family, how could he sit back and watch the Rothier family get out of the crisis so easily?
After receiving a phone call from George Berkeley, Xia Yu made four instructions.
First, behind the scenes, the media of other factions continued to report on dialectical analysis, focusing on the propaganda that Barclays' ultra-high-risk loans in Latin America amounted to 25.62 billion US dollars, accounting for 27.8 percent of the bank's total assets, and that the cash of 1.5 billion pounds was equivalent to less than 12 percent of the ultra-high-risk loans, and that Barclays Bank could not eliminate the risk of bankruptcy.
Second, there is still a certain gap in the amount of 2.5 billion pounds agreed to invest in the UK this year, and he will inject another billion dollars into the Bright Fund, with the aim of buying shares in Barclays Bank, striving to obtain at least 10 percent of the seats, and sending two directors into Barclays Bank to break into the enemy's interior, so that the Rothschild family can also experience the feeling of being constrained.
Third, take the initiative to short and buy the equity of HSBC Holdings.
Fourth, we will make every effort to make positive publicity reports for Standard Chartered Bank, Royal Bank of Scotland, and Bank of Bahrain in this crisis, absorb depositors' deposits as much as possible, and seize the opportunity to grow rapidly.
After giving the order, Xia Yu left the matter to George Berkeley, and he believed that George Berkeley could do these things well without him having to worry about it.
As for the Xiangjiang side, Xia Yu is also maximizing his interests.
One of those targets is HSBC.
HSBC Holdings is listed in the UK, while its subsidiary, HSBC Bank, is listed in Hong Kong.
When the stock market crash broke out before, Xia Yu ordered Wang Qi and Liu Tianci to cooperate with the bottom to increase their shareholding in HSBC, increasing the shareholding ratio to 18.6%, becoming the second largest shareholder of HSBC after the parent company HSBC Holdings.
But Xia Yu is not satisfied with this, he hopes to further infiltrate HSBC, and even control it like Standard Chartered Bank.
As the intersection of East and West, Hong Kong is backed by the mainland, and its future goal is to develop into an international financial center, so the potential market for the banking industry is huge.
Although he now owns a number of banks such as Jiuding Bank, Standard Chartered Bank, Hang Lung Bank, Sun Hung Kai Bank, etc., and has also invested in many banks, he has become a real leader in the banking industry in Hong Kong.
However, this does not mean that he occupies the absolute leading market in the banking industry of Hong Kong.
After all, there are more than 150 licensed banks in Hong Kong, many of which are branches of multinational banks.
If HSBC can also be brought under his command, then his Jiuding consortium will be able to occupy about 30 or 40 percent of the market share in the banking industry in Hong Kong, and this market share will be more suitable.
After all, in the future, starting in the 90s, there will be a wave of bank mergers all over the world, and then there will be one multinational banking giant after another.
Not to mention the five major lines on the mainland.
Once Heung Kong is really built into an international financial center, then Heung Jiang's huge capital flow and financial market will be targeted by all banks in the world, and the competitiveness of Heung Kong and the banking market in Southeast Asia will be very great.
Therefore, Xia Yu had to take precautions and enhance his power in the banking field as much as possible, lest he lead the vigorous development of Xiangjiang, but most of the cakes created were robbed by others.
Isn't that aggrieved?
......
Fortunately, this time the Latin American sovereign debt crisis was also affected by the HSBC in Hong Kong.
Now HSBC has become the whirlpool center of the banking industry in Hong Kong, depositors have come to withdraw money, and in less than a year, HSBC has once again broken out of the run crisis.
This is because HSBC has a total of US$1.83 billion in Latin American sovereign debt and more than US$1.57 billion in loans to Latin American and other domestic companies.
Because HSBC Bank is a subsidiary of HSBC Holdings, these loans are included in HSBC Holdings' debt statistics on the UK side.
After the outbreak of the Latin American sovereign debt crisis, Wang Qi and Liu Tianci controlled the attack on HSBC behind the scenes according to Xia Yu's orders.
In just 10 days, HSBC's market value has evaporated by a quarter, plummeting from HK$16.97 billion to HK$12.15 billion.
According to HSBC's first-half financial report, HSBC's net profit in the first half of the year was HK$883.2 million.
So in fact, HSBC's price-to-earnings ratio has fallen below seven times now.
This price-earnings ratio is completely inconsistent with HSBC's current status as the second largest in the banking industry, and normally, HSBC's price-earnings ratio must be more than 10 times.
Although HSBC's run on the bank again will cause some damage to the financial industry in Hong Kong, Xia Yu does not care and does not plan to stop there.
Anyway, HSBC is just caught up in the run crisis, and the major newspapers and media have already clearly written the reason, except for HSBC, no other banks in Xiangjiang have been involved in the Latin American sovereign debt crisis.
There was some confusion for the first day or two, but it quickly subsided.
Although the Hang Seng Index fell due to the collapse of HSBC's market capitalization, it was not serious, at least it stabilized at the 1,000-point line.
Compared with the outbreak of the stock market crash in August and September last year, the Hang Seng Index plummeted to more than 600 points, and after nearly a year, it can be regarded as a rapid recovery.
In the following days, HSBC's share price continued to fall, and at the close of trading on Friday, August 20, the market value was fixed at more than 9.54 billion Hong Kong dollars, and the market value had shrunk by more than four layers.
On August 22, a news item suddenly broadcast by "Global Satellite TV" caused a sensation throughout Xiangjiang, and the waves stirred up quickly spread to the surrounding countries.
Because on this day, the mainland government and the British government finally signed the "Sino-British Joint Declaration"!
The sovereignty issue of Xiangjiang has settled!
The British Government is willing to return the Hong Kong area to the mainland on 1 July 1997, and the "Declaration" also clarifies the mainland's basic policy guidelines for the Hong Kong River, and determines that after the return of the Hong Kong River, the Hong Kong River itself can maintain its system and way of life unchanged for 50 years......
After this news report, it can be said that it has given all the people of Xiangjiang a reassurance.
For a time, the whole world celebrated, and the whole Xiangjiang was shrouded in a festive atmosphere.
Untied the political shackles that were wrapped around Xiangjiang, Xia Yu could finally lead the rise of Xiangjiang with all his might.
n.