"It's 70 million withdrawals a day, and a rumor can create such power." Early the next morning, Chen Zhiwen looked at the data in his hand and said with a sigh.

This data,Hang Lung Bank sorted out overnight,Then inform the major banks in Hong Kong,Ask for help,Hisense as the third largest local bank in Hong Kong at present,And Chen Zhiwen is behind it,Naturally, it is also one of the most needy objects of Hang Lung Bank。

"Yes, I checked yesterday, Hang Lung Bank and Xie Liyuan Gold Shop are purely cooperative relations, and there is no investment affiliation at all, just because of a rumor, it has now been so heavily run, besides, even if there is a subordination relationship, it is legally necessary to repay a certain percentage." Huo Jianning followed.

"Therefore, jurisprudence is jurisprudence, but in fact it is another matter, to be a bank, you need to face all kinds of possible crises, unless the scale is large enough, otherwise a medium-sized bank may be killed by a newspaper." Chen Zhiwen said.

A long time ago, Chen Zhiwen decided that he would definitely need a bank in the future, but he didn't start until recently, in addition to timing, more importantly, he must have a certain amount of financial resources to invest in the bank, one is that he needs to rely on other banks when he is not large, such as the help of HSBC in the early days, and he also needs Standard Chartered in the first few years, and the second is that a small bank does not have much effect, but is easily affected by the market, and even eats himself in serious cases. It has happened many times in Hong Kong that his prophetic golden finger did not help the banking industry in any way.

Banks have huge amounts of money in hand, and can trade with large real estate companies for billions or even larger amounts, which can be described as incomparable in scenery, but once it encounters a run, it is absolutely dead, in the 60s, the Chinese Bank rose one step earlier than the Chinese real estate company, and the Hang Seng Bank even became the strongest opponent of HSBC that year, and the stock market index in Hong Kong is the name of Everlife, which is enough to see its influence at that time, but a run, was forced to sell to HSBC.

"Shall we bail out? This kind of run, which has no problem in itself, should be able to be suppressed quickly as long as we come forward. Huo Jianning said.

"If you don't save it, in addition, if you release the news, you will say that Hang Lung Bank itself has a major debt problem, and then make an appointment with Standard Chartered CEO Winter for me." Chen Zhiwen said.

"Significant debt issues? It's true? Huo Jianning asked.

"I can only say that there is this possibility, just like the original Hisense Bank, there is no evidence." Chen Zhiwen said.

This is not a lie, or deliberately cheating Hang Lung Bank, but in the original history, Hang Lung Bank relied on concealing its debts, and quickly obtained the help of Standard Chartered and Bank of China in this crisis, but paper could not contain the fire, a year later, Hang Lung Bank still had problems with funds, and finally collapsed, no bank was willing to take over at that time, if it were not for the Hong Kong government to destroy its own "principle of freedom", Hong Kong's banking industry may be more affected.

"Okay, I see." Huo Jianning agreed.

When it comes to solving the problem of bank runs, the situation is very urgent, and Bill Winter, CEO of Standard Chartered Bank, rushed over immediately after receiving Chen Zhiwen's appointment, and it was also lunch time, so he ordered a small table of high-end wine and food in a private room in a nearby mobile hotel.

"Chen Sheng, you came to me in such a hurry, is it about Hang Lung Bank?" Bill Winter asked hurriedly.

For Chen Zhiwen's sudden acquisition of Hisense Bank, the reaction of Standard Chartered Hong Kong Branch is relatively confused, because the two sides have been cooperating very well, and Standard Chartered will also take Chen Zhiwen as its largest customer, but now people have their own banks, although they are limited by Hong Kong banking law regulations, their own banks cannot lend to their own other companies, but there are many businesses that are not directly controlled by Chen Zhiwen himself but can be affected by him, and these can naturally cooperate with Hisense Bank in legal theory.

As they expected, many of Chen Zhiwen's businesses began to cooperate with Hisense Bank, but Chen Zhiwen gave Standard Chartered a lot of face, because Standard Chartered Bank's business did not move, and it was the previous business with other banks.

This naturally makes Bill Winter very happy,Maybe the other party is considering that the current scale of a Hisense Bank can't accommodate too much business,It will be different when the scale of Hisense Bank expands in the future,But this has nothing to do with him, a wage earner,As long as he is in power,The two sides cooperate happily。

"Yes, it's Hang Lung Bank." Chen Zhiwen said: "You also know that I acquired Hisense Bank before, in fact, before this, I checked many banks, choose the right object, Hang Lung is also one of them, in the past few years, Hang Lung Bank's business, go too extreme, risk management and control, the awareness is very low, a lot of accounts may not be able to come back in the future." ”

"Dead scores?" Bill Winter asked.

"That shouldn't be there yet, but what the future will be, it's hard to say, Xie Liyuan Gold Shop, which also had problems in 80 years, but it was broken and bankrupt two years later." Chen Zhiwen shrugged and said. There is a certain delay in everything,When a bank has bad debts,As long as you decide to conceal it,Relying on financial methods can still persist for a period of time,Even if the bad debts are not very large,And the economy has been improving,Then after many years,It is possible to smooth out this bad debt through various financial methods,The former Hisense and the current Hang Lung Bank are so intended。

"On the Hong Kong government's side, the political envoy asked me to suppress this matter by phone, if there is not enough reason, if I don't do it, I'm afraid that the Hong Kong government will not look good?" Bill Winter said with some embarrassment, the hole of Hisense Bank was too big before, and he had a reason to refuse, while the scale of Hang Lung is much smaller, and there is no problem on the surface, the difficulty is completely different, Standard Chartered has the ability to easily suppress this run crisis.

"This is actually not difficult, the accounts that can threaten the survival of Hang Lung Bank, at least more than 100 million Hong Kong dollars, as long as we ask for a review of all the accounts of Hang Lung that are currently more than 100 million, if these loan objects have enough collateral or low risk, then we can sell and help, in turn, then we can only let it go." Chen Zhiwen said with a smile.

"Then what is Chen Sheng's purpose?" Bill Winter has been in the mall for most of his life, so he naturally knows that Chen Zhiwen has a plan.

If you feel that there is a risk, then just don't participate, just let other banks take action or the Hong Kong government will end up, again, let Hang Lung Bank be run, even if it spreads to other banks in the future, it will not affect Hisense Bank, which has Chen Zhiwen behind it.

Now Chen Zhiwen specially invited him over, but he didn't believe that the other party helped him for the sake of "friendship" and avoided Standard Chartered Bank from being involved in risks.

"If my news is right, there is a problem with the accounts of Hang Lung Bank, then this wave of runs will be confirmed, and at that time, Hang Lung's senior management will have no choice but to sell their banks like Hang Seng and Hisense did back then." Chen Zhiwen said.

"Are you looking to buy Hang Lung Bank?" Bill Winter was not very surprised, what purpose could he have in doing this kind of thing except to acquire the other party? It is Hisense Bank under the aura of Chen Zhiwen, the scale is much larger than before, and now if it acquires Hang Lung, the scale may not be lower than Hang Seng, and it is also not lower than Standard Chartered (Hong Kong) Branch.

"Yes, but it's inconvenient for me to come out with this face, so I hope the scum will come forward and make this request." Chen Zhiwen said with a smile.

Hong Kong's banking industry has a long history, and the entire market is actually saturated, such as the number of branches, decades of competition, so that there are different branches in Hong Kong, and in terms of operational efficiency, the density has basically reached the extreme.

This brings a problem to the expanding Hisense Bank, which is not convenient to continue to expand the number of branches, and the Hong Kong government's banking law also has certain restrictions on the construction of branches.

Therefore, if you want to continue to expand, the best way is to merge and acquire, and in 82-85, because of the economic crisis, there were many banks that failed, but there were only a few large ones.

In the original history, Hang Lung Bank collapsed a year later, in fact, Chen Zhiwen waited until that time to start the same, but the bank is different from real estate, bad debts dragged on for more than a year, which will only lead to greater losses for the bank, although Hang Lung's problems are not as serious as Hisense, but the late acquisition, may have to lose hundreds of millions of Hong Kong dollars, and early acquisition, the loss is now skimmed off, the rest is the normal business of the bank, and when the economic crisis breaks out, the larger the scale of their banking business, the easier it is to benefit.

Time waits for no one, at the end of the month, the Iron Lady visits Yanjing, maybe history changes, Thatcher will not necessarily fall that way, but the result of the negotiation is definitely the same, the economic crisis he has been waiting for a long time is finally coming, and before that, Hang Lung Bank is the only one who can start first.

But he still needs to be a good person, and he will only be a white knight who saves companies and depositors, and the wicked will be entrusted to the ghosts.

"I understand what Chen Sheng meant, but I can't show this face in vain, right? Why don't we acquire Hang Lung together in the future? Are you seven and I am three? Bill Winter said with a smile that being able to invest in a joint venture with Chen Zhiwen, even if he has no right to speak, can basically make a profit, which is to make money with people who can make money.

"Seventy-three is too much, eighty-two, this matter, there is no Standard Chartered, I can also go to other people." Chen Zhiwen said toughly. He didn't refuse, the first is because this food is not big, there is no need to eat alone, and secondly, it can only be said that Standard Chartered Bank, when the time comes to the right time in the future, will also be his goal, give some shares now, and take it back in the future.

"Okay, then I'll say yes." Bill Winter didn't make any more counteroffers, and seemed to be focusing on involvement.

"Okay, the time is urgent, let's start this afternoon." Chen Zhiwen nodded and said.

In the afternoon of the same day, Bill Winter immediately went to visit the Bank of China Hong Kong Branch, and then news came from the market that Standard Chartered and Bank of China requested that the financial affairs of Hang Lung Group be reviewed and confirmed that there was no problem before helping it tide over the crisis.

The news came out, and Hang Lung Bank did not publicly agree at the first time, which aroused public suspicion, and the trend of run became more obvious.

Hang Lung Bank Headquarters:

"What the hell is Bill Winter doing, the Hong Kong government has already asked him to support, why do they suddenly want to check our accounts?" Zhuang Rongkun, chairman of Hang Lung Bank, said with great annoyance.

"Maybe it's also cautious, in the past year, the banks in Hong Kong have not had a good time, and it is normal for them to worry about our debts." Zhuang Qingquan, the general manager and biological brother, said: "If it were another small bank, if we funded it, I am afraid that we would also need to consider the risks. ”

Zhuang Rongkun naturally understood the reason, and said: "But the problem is that the Hong Kong government will not allow a financial run, when there was a serious run on Hisense Bank before, it is said that the Hong Kong governor personally came forward and asked Chen Zhiwen to take action, Governor Youde has just taken office, and there was a large-scale run in the first year, which is definitely not what he wants to see." ”

"I just asked the people from the Hong Kong government, because the people from Standard Chartered asked the Hong Kong government to guarantee the amount of capital contribution, but the Hong Kong government was not able to make such a decision so quickly, so Standard Chartered proposed to simply check whether there was a problem with our large accounts, and the Hong Kong government had no reason to refuse." Zhuang Qingquan frowned and said.

The so-called enterprise is too big to fail, it works in any place, especially the bank related to the financial system, once it fails, it may trigger a domino effect, the larger the bank, the more the government can not let it fail, although Hang Lung Bank is not comparable to Hisense, but it also has a certain scale in Hong Kong, and has business relations with many financial companies and banks, once something goes wrong, the consequences of the Hong Kong government do not want to see.

Originally, I thought that it was just a run caused by a spurious reason, and I only needed to open my mouth and pay a certain price, then I should be able to get assistance, but I didn't expect that Standard Chartered and Bank of China would be so cautious. And if you want the Hong Kong government to guarantee, it's not that it can't be done, but the process will be very slow, after all, hundreds of millions of funds are involved, and this year's land auction is not good, and the Hong Kong government itself is still in deficit.

"We can't let them check, once they check, we will immediately reveal the stuff, and many of the loans we have released are seriously insufficient collateral." Zhuang Rongkun said.

If it is a bad debt, it is still possible to hide it from the person who audits the account in a short period of time, but if you keep an eye on the collateral, it is much simpler, how much you have borrowed and what the collateral is, this is the most basic information, and you can know it by checking it.

"These are not top secret financial information, and if we refuse to provide them, the market rumors will only get worse." Zhuang Qingquan said.

"It's completely incomprehensible." Zhuang Rongkun said with some despair, the fundamental reason is that many mortgages of his company have problems, which is actually the epitome of many Hong Kong banks, but he was unlucky and hit the muzzle.

"I wonder if Standard Chartered is making such a request just to order something?" Zhuang Qingquan said.

"It's possible, then you can arrange it at once, I'm going to meet Bill Winter." Zhuang Rongkun thought about it and agreed.

Soon, Standard Chartered Bank arranged a meeting with Hang Lung Bank, but there was no real progress, and Standard Chartered Bank only asked for an audit to ensure that there were no major problems, but Hang Lung Bank refused and only offered to give a higher interest return.

This kind of negotiation, not to mention the elite negotiators like Standard Chartered Bank, even ordinary shareholders know that Hang Lung must have a big problem, otherwise, why would it take so much effort to provide some basic information?

Affected by this, Hang Lung Bank's stock price not only plummeted, but even the run became more serious, this time, no other bank dared to fund, because everyone knew that there was a problem here.

In less than 5 days, 500 million yuan of Hang Lung Bank's funds were withdrawn, and there was no money left in the bank account.

Subsequently, the Hong Kong government had no choice but to take over Hang Lung Bank, and at the same time immediately met with the senior management of Standard Chartered, Bank of China, HSBC, and Hisense Bank.

However, the situation within Hang Lung still needs to be investigated for a period of time, and it will be dealt with after the accounts are clear.

Before the economic crisis, the last run on Hong Kong's banks passed safely.

Soon at the end of the month, Thatcher went to Yenching, as in history, and the result was a failed negotiation and a fall on the stairs, which immediately caused the entire Hong Kong property market to plummet as in 1973, and the Hang Seng Index and a large number of listed companies saw their stock prices fall massively.

Hong Kong's circular economic crisis, which has been around for about a decade, has finally arrived.

(End of chapter)