Early on Wednesday morning, when the headquarters of Standard Chartered Bank in Central, Hong Kong Island opened, a mountain of HK$1 billion in cash in the center of the lobby shocked all depositors who were ready to withdraw money.

With Jiuding Bank's Zhuyu in front, Standard Chartered Bank followed suit for the second time and also showed its strength with one billion Hong Kong dollars in cash.

Of course, the effect is undoubted, and the depositors who came to prepare for withdrawal were basically relieved and gave up withdrawing money one after another.

And through their mouths, the news that Standard Chartered Bank took out one billion cash to prove its strength quickly spread throughout Xiangjiang, and a large number of melon-eating people and bank depositors rushed to Hong Kong Island Central, wanting to witness the strength of Standard Chartered Bank with their own eyes.

Just when Standard Chartered Bank and Jiuding Bank were shining, another landmark event occurred in the banking industry.

9:18 a.m.

A bank officially declared that it had run out of funds and declared bankruptcy.

The bank, known as Tianyu Bank, is a small bank that obtained a banking license and was established in 1979, and has only three branches and total assets of just over 80 million Hong Kong dollars.

In order to develop by leaps and bounds, Tianyu Bank has fallen on the thighs of Jianing Group, and depositors' funds have basically been lent to companies under Jianing Group.

Originally, Wang Yiqing, the chairman of Tianyu Bank, was still struggling to borrow funds for support, but after the news that the Xiangjiang Police Department had transferred the case of Jianing Group to the Justice Department yesterday afternoon, Wang Yiqing immediately asked a friend of the Police Department for details.

After learning that Jianing Group and Chen Qingsong were really suspected of huge economic fraud, and that Jianing Group had a 95 percent chance of becoming insolvent, Wang Yiqing was completely desperate in his wailing.

When registering Tianyu Bank, he also pulled a few friends to partner together, the registered capital was 10 million Hong Kong dollars, and he paid 3 million Hong Kong dollars to occupy 30% of the shares, with the most shares, and served as the chairman.

Last night, he convened a meeting with his partners overnight, and after negotiations, everyone agreed to let Tianyu Bank file for bankruptcy.

If they do not declare bankruptcy, after losing 10 million Hong Kong dollars of their registered capital, there will be a loss of nearly 60 million Hong Kong dollars with Jianing Group that they need to fill.

When the stock market crash is coming, they can't make up the money even if they try their best.

Anyway, the rest of the money has basically been withdrawn by the depositors, and instead of dragging themselves and others into the abyss, if they apply for bankruptcy liquidation at a moment's notice, the losses can be greatly reduced.

When the general manager of Tianyu Bank stood up and announced the bankruptcy of the bank and stopped all business, the depositors who were crowded with depositors waiting to withdraw money immediately rioted, and the general manager who was pushed out by Wang Yiqing and others was beaten into a pig's head, but fortunately, Wang Yiqing called the police department in advance to warn, and the police arrived in time to stabilize the situation temporarily.

But his becoming a pig's head could not prevent the spread of the bad effects of the bankruptcy of Tianyu Bank.

Everyone has relatives and friends.

After the depositors of Tianyu Bank who did not withdraw the money rushed to call and inform their relatives and friends of the situation, many people were anxious, and some people skipped work directly after work, and rushed to the bank where the money was deposited with their ID cards and bank cards.

And the bankers were all terrified when they learned that Tianyu Bank had filed for bankruptcy, and they immediately realized something.

With the bankruptcy of Tianyu Bank, the banking industry run crisis has officially escalated!

In addition to Jiuding Bank, which has shown its strength, and its wholly-owned subordinate banks, as well as Standard Chartered Bank, all other banks have to face greater pressure!

Of course, there are some small banks like Tianyu Bank that have been pitted by Jianing Group, and after Tianyu Bank took the lead, the shareholders or persons in charge of these banks have called Wang Yiqing and others.

They're ready to do the same......

......

Affected by the breakthrough progress of Jianing Group's practice and the negative impact of Tianyu Bank's bankruptcy, investors who had gradually calmed down panicked again.

After the stock market opened, the Hang Seng Index plummeted from 779 points.

The share price of Jianing Property Limited, which has fallen to HK$870 million, plummeted again.

Despite the large number of properties and subsidiaries of Jianing Real Estate, which are certainly worth far more than HK$470 million, the stock market is still flooded with stocks.

Some companies' stocks are worth buying, and some companies' stocks can't be bottomed.

Jianing Real Estate shares undoubtedly belong to the latter.

After all, the assets of Jianing Real Estate Company are huge, but the debt is likely to be more huge than the existing assets!

As long as he takes over Jianing Real Estate Company, he must accept the debt on his body at the same time, and no big man dares to take this risk now.

Not to mention that the market value of Jianing Real Estate Company is still more than 470 million Hong Kong dollars, even if they are allowed to take over at a price of one Hong Kong dollar, they must have the courage to take it!

If you really have the strength and interest to take over, you have to wait for the Xiangjiang High Court to come forward to liquidate its assets, and then it is not too late to take over the assets you are interested in.

Wait until eleven o'clock in the morning.

Youlian Bank, which is held by Jianing Group, announced that the capital chain was broken and filed for bankruptcy protection.

Less than two hours after Tianyu Bank declared bankruptcy, another bank went bankrupt!

Panic has further fermented, and the run-on crisis has escalated again.

Banks that have not yet collapsed are on the verge of losing patience and confidence.

In particular, banks that provide financial leverage for securities companies and fund companies will directly force them to liquidate their positions if their stocks reach the liquidation line, and if they do not reach the liquidation line, they will also force the relevant investment companies to return their funds as soon as possible.

The pressure on securities companies and fund companies has increased sharply, and they have intensified the sell-off of stocks in an attempt to liquidate their positions and collect money.

These include stocks of companies such as Swire Pacific and Swire Shipping, which currently have extremely high price-to-earnings ratios in the entire stock market.

A large number of sell orders were thrown, which caught Swire Financial by surprise, and the buy orders that had been put out were instantly hedged.

The speed at which buy orders continue to be placed is still not as fast as the speed at which sell orders pour out.

The stock prices of many companies began to fall sharply.

Swire Pacific Financial Corporation.

Cedric Quincy's anxious voice sounded in Norman Shi Yahuai's ears: "Chairman, the funds are in a hurry, and they have fallen below 100 million Hong Kong dollars." ”

"The company's share price is still falling. ”

"There are too many sell orders, even if all the 100 million Hong Kong dollars are thrown out, they will be emptied in a minute at most!"

Norman Shi Yahuai pushed Cedric Quincy away, and his face turned pale when he saw the dense sell orders on the electronic disk and the declining stock price.

It's really over this time!

Cedric Quincy is right, 100 million Hong Kong dollars of funds thrown into the stock market will be gone, and other institutions and shareholders have formed a rolling torrent of selling.

There is no other way than to take out 3 billion Hong Kong dollars to take over in a comprehensive way!

"There are still 80 million left!"

"Stop!"

Hearing the statistics, Norman Shi Yahuai whispered three words to Cedric Quincy, and after finishing speaking, the strength of his whole body seemed to be drained, and the whole person wanted to collapse, and Cedric Quincy immediately helped him.

At the same time, he shouted and ordered everyone: "Stop buying immediately." ”

All the traders immediately stopped their movements, and all of them watched with ugly faces as the stock price, which had lost its last block, fell unimpeded.

......

In the securities investment department of HSBC.

When he saw that the stock prices of Swire Pacific Group and other companies began to plummet, the manager of the investment department urgently reported to Shen Bi, and Shen Bi came directly to the securities department worriedly.

Seeing that there was no buy order for three seconds, Lin Changlong, the manager of the securities investment department, changed his face and immediately said to Shen Bi: "Chairman, Swire Financial has withdrawn, and there is no hope. ”

"You look at the share price of Swire Pacific Limited. ”

Following Lin Changlong's fingers, Shen Bi saw a number beating constantly.

Fifteen twenty-seven

Fourteen eighty-one

Fourteen:66

......

Thirteen thirty-three!

When the share price fell to HK$13.33 per share two minutes later, the market capitalisation of Swire Pacific fell to HK$6 billion.

Lin Changlong immediately said: "Chairman, the stock price has fallen below the warning line!"

Shen Bi's face changed, and he closed his eyes and sighed.

After a while, Shen Bi reopened his eyes, his eyes became cold and ruthless, and he ordered Lin Changlong: "You go and inform Norman Shi Yahuai and ask him to make up the security deposit or collateral according to the loan agreement, otherwise all the pledged shares will be handled by us." ”

"He's been at Swire Financial these days, you go there and ask him face-to-face!"

Lin Changlong replied decisively: "Yes!"

Ten minutes later.

Lin met Norman Shi Yahuai at Swire Financial, not far from HSBC's securities investment department.

Norman Shi Yahuai, who also knew that the stock price had fallen below the warning line, saw Lin Changlong, and after hearing his ultimatum, he was physically and mentally exhausted to the limit, and he could no longer support it, and passed out directly.

Fifteen minutes later.

The ambulance arrived at Swire Financial, where doctors and nurses carried Norman Shi Yahuai, who had not yet recovered, out of it on a stretcher.

The investors who were besieging the door of Swire Financial to demand investment money saw that it was Norman Shi Yahuai who had fallen, and they were completely panicked and frantically blocked Cedric Quincy to prevent him from leaving.

Hong Kong Island Central is already a gathering place for financial institutions, and what happened to Swire Pacific Financial Company spread throughout the capital market in an instant......

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