Chapter 948: Crazy Rongle (1) (4200 word chapters, please subscribe!~)
Although the FSD's statement has somewhat reassured the hearts of the public, it has also given everyone a smell of other smells, because if the Hong Kong government is preparing to take over the overseas trust bank, it should have issued a statement, but now it only mentions a foolproof plan, which is a little incomprehensible to them.
At the same time, the impact of the collapse of the Overseas Trust Bank continues, bringing an unprecedented impact on the financial industry of Hong Kong.
"Heto Shock"!
This is the front page headline of many newspapers and financial magazines in Hong Kong on June 7!
At the same time, the stock market of Hong Kong also suffered a major blow, plummeting 86.95 points, a decline of more than 5%, which is the biggest day of stock market decline since Hong Kong entered the transition period, and even the stock markets of Singapore and Malaysia have also been affected.
Subsequently, the Hong Kong government announced the results of the investigation into the collapse of the Overseas Trust Bank, because Zhang Mingtian listened to Ye Zhuangling's use of the 'cheque wheel' method, and the deficit was as high as 66.8 million US dollars, Ye Zhuangling was a friend of Zhang Mingtian, and founded the Dominican Finance Company in 1979 to provide immigration services for Hong Kong people, and after September 1981, he continued to discount the company's uncashable cheques to the Overseas Trust Bank, due to the cheque transfer. The 'cheque wheel' that shocked the financial community of Hong Kong was the 'cheque wheel' that enabled him to deposit the proceeds of the second cheque discount into his account so that the first cheque could be cashed, and at the same time used the proceeds to engage in speculative activities within the 'time gap'.
Back in 1982, Zhang Mingtian died of a heart attack, Ye Zhuangling lost his biggest backer, and the overseas trust bank already knew that Ye Zhuangling's repeated investments failed and could not repay the debt.
However, as the losses were so great that the proper handling of the losses would cause auditors, government officials and members of the public to know that the Overseas Trust Bank was in an extreme financial crisis and that Yip's business would also go bankrupt.
As a result, Huang Cheong-chan and Zhang Cheng, chairmen of the board of directors of the Overseas Trust Bank, chose to design false accounts to cover up the bank's losses, and this cover-up was maintained until June this year.
Due to the change in interest and foreign exchange, the bad debt of 66.8 million US dollars has increased to 90 million US dollars!
Now, even if there is a statement from the Hong Kong government, the citizens of Xiangjiang who have deposit business and foreign exchange business in overseas trust banks still make people panic, and if it were not for the Hong Kong government's statement, the overseas trust bank will be closed for two days, and it is estimated that all branches of the overseas trust bank will be crowded at this time.
TVB's financial news, a financial expert, sitting in front of the screen, is analyzing the current situation of overseas trust banks.
"The collapse of the Overseas Trust Bank, in fact, has a major connection with the Hong Kong dollar crisis in 83, when the Hong Kong government implemented the Hong Kong dollar exchange rate system in a timely manner, but still had a major impact on the banking industry in Hong Kong, and the same is true of the Overseas Trust Bank, coupled with the overseas trust bank holding family Zhang family's overseas investment has failed one after another, in fact, at that time, the Overseas Trust Bank was already at the end of the crossbow, Ye Zhuangling single-handedly operated the 'check wheel', which was the last straw that crushed the overseas trust bank! β
"So Expert Li, why didn't the Hong Kong government announce the takeover of the Overseas Trust Bank in a timely manner as it did with Hang Lung Bank?" asked the beautiful host of TVB.
"Overseas Trust Bank is different from Hang Lung Bank, Hang Lung Bank is only a small and medium-sized bank, with a loss of only 336 million Hong Kong dollars, and the Hong Kong government only needs to inject 300 million Hong Kong dollars to maintain the normal operation of Hang Lung Bank. The cheque wheel is as high as 90 million US dollars, according to today's exchange rate, that is, 700 million Hong Kong dollars, plus other debts as high as more than one billion Hong Kong dollars, and at the same time to deal with the crowd, that is to say, the Hong Kong government must use at least 2 billion Hong Kong dollars in the early stage, in order to minimize the crisis of overseas trust banks, and even in the next few years, it will continue to inject funds, the number of funds may reach 4 billion Hong Kong dollars, the Hong Kong government is naturally a lot of considerations!"
Financial experts talked eloquently in front of the screen, regardless of how much panic they would cause to those citizens who had deposits in overseas trust banks and had business after they said this.
"So what is the Hong Kong government considering?"
"The Hong Kong government should still hope that private banks or consortia can come out to bear the debts of overseas trust banks, so that the Hong Kong government does not need to use the exchange fund anymore!"
Looking at the TVB beauty host, with a look of adoration, the financial expert was secretly refreshed in his heart, and continued: "But in my opinion, in the end, the Hong Kong government will still take over the overseas trust bank, after all, the debts of overseas believer banks are too huge, and ordinary banks and consortia simply have no strength to bear the huge debts of overseas trust banks." β
"What about HSBC and Bank of China? These are the top bank consortia in Xiangjiang, and as far as their forces are concerned, there should be no problem with the debts of overseas trust banks, right?"
"HSBC and Bank of China will not do this, the problems of overseas trust banks are simply difficult to return, and if they want to improve the operating conditions of overseas trust banks, it is impossible to reverse them without seven or eight years, and overseas trust banks are a huge hole for them, and they cannot take over overseas trust banks at all. The financial expert said firmly.
"What about Rongle? Now that Rongle is actively entering the banking industry, we all know his financial resources, will he take over the overseas trust bank?"
The financial expert shook his head with a smile, looked extremely confident, and said: " Impossible, although Rongle has amazing cash reserves, but the news I got is that Rongle is actively carrying out Dongying's investment business, and a large part of his cash should have been invested in Dongying, and after my analysis, Rongle after acquiring Hang Lung Bank, should be cautious about the development of the banking industry, in fact, he is also right to do so, after all, HSBC and Bank of China are like two mountains standing in front of him, in fact, not to mention HSBC and Bank of China, the current Hang Lung and Hang Seng, East Asia and other banks are also much inferiorγ β
"The banking industry is different from other industries, the relationship is more complicated, a Hang Lung Bank is enough for Rong Le to have a headache, and Rong Le has a loan of 5 billion Hong Kong dollars in HSBC, according to my understanding of the financial situation of his group, Rong Le's cash in hand at this time should not exceed 2 billion Hong Kong dollars, and he cannot take over the overseas trust bank at all. β
"If Rong Le forcibly takes over the Overseas Trust Bank, it will definitely be a major blow to his cash flow, and it is very likely to cause the dynasty system under Rong's Investment to fall into cash trouble, and at that time, it will be more than worth the loss for Rong Le!"
After the lecture, the financial experts smiled, as if the world was in their own hands, and when they opened their eyes, they could see everything.
"In other words, the Hong Kong government will eventually take over the overseas trust bank?"
"Yes, at the latest, tomorrow night, the Hong Kong government will announce the takeover of the Overseas Trust Bank!" said the financial expert confidently.
"Okay, thank you, Mr. Li!"
After the interview, a financial expert surnamed Li walked up to the TVB beauty host in a graceful manner and said with a smile: "Miss Wen, I booked a place in Amber in the evening, can we have a meal together?"
The TVB beauty host is also moved in her heart, and she has recently bought a lot of stocks, this expert seems to be quite capable, but she can ask him for advice.
"Okay, thank you Li Sheng for the invitation, I just want to ask Li Sheng about some stock problems!"
"Haha, no problem, we can have an in-depth exchange when the time comes!"
"Hmm!"
......
Following!
In the suite of the Dynasty Hotel, the beautiful host walked out with a bath towel in the bathroom, wiped her hair, and the expert surnamed Li was lying on the bed with a satisfied smile, looking at the beautiful host, the two did have an in-depth exchange last night, and the expert surnamed Li was very satisfied.
The beautiful host knew a few stocks that he talked about that would rise from the mouth of an expert surnamed Li, as for the in-depth exchange, that is, the benevolent and the wise see the wise, anyway, the beautiful host doesn't feel anything......
The beautiful host turned on the TV and tuned to the morning news of Dynasty Satellite TV, but saw Xiangjiang Caiye Bi Lizhi and Rong Le standing in front of the TV screen with smiles on their faces.
Bi Lizhi smiled: "After two days of joint meetings between the Financial Secretary, the Chief Secretary for Administration, the Hong Kong government, and Rong's Investment, it has been decided that Rong's Investment will officially take over the Overseas Trust Bank, and at the same time, Rong's Investment will inject $400 million into the Overseas Trust Bank before noon today, and at the same time, Rong's Investment will inject another $200 million into the Overseas Trust Bank at the end of this year! At the same time, the Hong Kong Government will exempt the tax on the internal savings of the Overseas Trust Bank. β
The beautiful host still maintained her own action of wiping her hair at this time, and the expert surnamed Li was lying on the bed with an embarrassed face.
Then the two looked at each other.
The expert surnamed Li was embarrassed and polite: "Hehe!"
Hehe, your sister?
Who swore yesterday that Rongle would definitely not take over the overseas trust bank? Damn, the beautiful host couldn't help but curse in her mind.
"Overseas Trust Bank has a glorious history in Xiangjiang, and in my opinion, the failure of Overseas Trust Bank is completely caused by the poor investment of the management, but the Overseas Trust Bank itself has a very successful operating mechanism, and I believe that in time the Overseas Trust Bank will be rejuvenated, and I promise to all the employees of the Overseas Trust Bank that they will not be dismissed within two years......
Rong Le talked eloquently in front of the TV screen, nothing more than that he was very optimistic about the development prospects of the overseas trust bank, at this time, the failure of the overseas trust bank was only temporary, and it was emphasized that although the overseas trust bank is in staggering debt, the overseas business of the overseas trust bank and the local business still maintain a perfect mechanism, and it is impossible to overcome this difficulty as long as there is a suitable management......
As soon as the news came out, it was like pouring a barrel of hot gasoline into the already boiling financial industry of Xiangjiang, which instantly stunned countless people.
400 million US dollars is 3.1 billion Hong Kong dollars, plus Rongle spent 550 million Hong Kong dollars on the acquisition of Hang Lung Bank before, and 1 billion Hong Kong dollars injected into Hang Lung Bank, this is 4.65 billion Hong Kong dollars.
Rong Le took out so much of it at once, did he take out all the cash in his hand?
If this is the case, what should be done about the dynasty system under Rong's investment, can it be understood that as long as one of them has a problem, it will have an inevitable impact on the dynasty system?
Moreover, Rong Le's takeover of the Overseas Trust Bank with such fanfare, isn't he worried about angering HSBC? Has he forgotten the HK$5 billion loan from HSBC?
Nowadays, regardless of the operating conditions of overseas trust banks, relying solely on overseas trust banks and their wholly-owned subsidiary banks, including Industrial and Commercial Bank of China, they have 39 branches in Xiangjiang, plus 28 branches of Hang Lung Bank, adding up to 67 branches, which has exceeded the scale of overseas trust banks in their heyday.
But this kind of thing can't be calculated with this notation at all, after all, the more branches, it means that the more losses of overseas trust banks, and Rongle has also announced that it will not fire any employees of overseas trust banks within two years, that is to say, Rongle will not lay off any branches, and whether Rongle's economic strength can withstand this kind of pressure, everyone has a big question mark.
HSBC, Shen Bi's office!
Shen Bi stared at the TV in the office, he couldn't calm down for a long time, Rong Le's decision exceeded everyone's expectations, he couldn't believe that Rong Le would take over the overseas trust bank with such fanfare, what did he want to do, did he really think that he had achieved success for a few years, and began to become arrogant?
Do you think you can thrive in all industries?
Shen Bi had a sense of humiliation, he felt that he was coaxed by Rong Le, just some time ago Rong Le swore to himself that he wanted to develop in the banking industry step by step, but now he suddenly took over the overseas trust bank, this kind of behavior is simply playing with himself as a fool.
How many years?
Since the day Shen Bi became the senior class of HSBC, he has not suffered such humiliation.
"President, it's not good!" At this time, Shen Bi's secretary ran in, saw Shen Bi's face, and then looked at the TV in Shen Bi's office.
knew that Shen Bi already knew what he wanted to report clearly.
"Tong-Zhi-Dong-Shi-Hui-Immediately hold a meeting!" Shen Bi said word by word, obviously suppressing his anger.
"Understood!"
......
Central, Chinese Walk!
Li Chaoren was also stunned and looked at the TV in front of him, in which Rong Le was full of spirit, he couldn't understand why Rong Le had to do this, obviously let the Hong Kong government take over the Overseas Trust Bank, and after a few years, when the business of the Overseas Trust Bank turned around, at that time, Rongle's Hang Lung Bank must also be quite large-scale, wouldn't it be better to acquire the Overseas Trust Bank at that time?
At this time, the phone on Li Chaoren's desk rang.
Don't think about it, it must be from HSBC, Rongsheng, do you know that you have completely angered a tiger? I want to talk about "{?$article_title?}" with more like-minded people? ", WeChat pays attention to "excellent reading literature", chatting about life, looking for confidants~