Borrowed troops to break the enemy, HSBC defeated the U.S. banking syndicate
As early as the 60s of the 20th century, several large banks in the United States formed a syndicate and began to implement an astonishing secret plan: to occupy Hong Kong's financial circles, completely crush the financial power of the Chinese and British in Hong Kong, seize Hong Kong, and control Southeast Asia. As soon as the plan was introduced, American financial tycoons came to Hong Kong for "tourism" and "vacation". Their arrival caused a huge stock buying and selling wave in Hong Kong's stock market, which almost killed the well-funded Hong Kong HSBC. Thanks to their quick wits and tricks, they were able to turn the crisis into safety, turn defeat into victory, and turn the tide on the verge of collapse.
HSBC Hong Kong is a financial conglomerate with strong roots and social foundations in Hong Kong, effectively acting as the central bank of Hong Kong, and its head figures also have traditionally close ties with the local population. Therefore, Bank of America regards it as a "thorn in the side", and only by defeating HSBC can it secure the financial power of Hong Kong, but how easy is it to knock down HSBC?
The strategy of attacking HSBC by people in the US financial circles had been hatched long before the trip to Hong Kong. They first took advantage of the inflexible conditions of Hong Kong's stock market communication information system at the time to buy a large number of HSBC shares. For a time, HSBC's stock doubled several times and continued to skyrocket, becoming a symbol of wealth in people's hands. HSBC began to sell shares in order to stabilize the stock price, but to no avail. Immediately after that, within a day or two, the Americans sold all the HSBC shares they had acquired to the market at low prices, and created all kinds of rumors to spread the news that HSBC was not doing well, that HSBC shares were like waste paper, and so on. All of a sudden, the price of HSBC's stock plummeted like a falling tide, and more and more people were squeezing cash in banks. The situation is very unfavorable for HSBC.
It is clear that if these piles of stocks are not collected and allowed to continue to fall, HSBC's credibility will plummet, and there is even a danger of its collapse. The situation was even worse than expected, and when HSBC raised a large amount of funds to eat stocks, HSBC's branches distributed throughout Hong Kong were also in a hurry: many depositors who did not know the truth withdrew money one after another, making the bank nervous, and if they did not close their doors and suspend business, their deposits were in danger of being withdrawn, and one after another telegrams with "absolute confidentiality" written on them flew to the headquarters of HSBC, and the decision-makers of the headquarters fell into the biggest predicament in history.
Faced with the challenge of the American syndicate, HSBC began to fight back. They began by reassuring the public, emphasizing that the secret of HSBC's longevity lies in its responsibility to every depositor. Then, they went around taking loans non-stop, first looking for old relationships, no, and then looking for new relationships, too; In the end, he approached the Hong Kong triad organization and asked them to help, but all efforts were unsuccessful, and the borrowing staff ran into walls everywhere, and no one would lend money to the unlucky ones who seemed to be about to go bankrupt. HSBC could neither buy shares nor pay for the run, and the end of the failure seemed to be getting closer to HSBC. The battlefield is merciless, you live or die. The same is true of business wars, which are a contest of life and death. In the face of this severe test of life and death, HSBC suddenly found a panacea for resurrection in a desperate situation, that is, to seek help from Hong Kong's big rear - Chinese mainland financial institutions.
Chinese mainland financial institutions in Hong Kong have long been aware of the ambitions of the US financial community and have repeatedly reminded HSBC to pay attention, but because HSBC did not take precautions, they suffered a big loss. Now, at this critical juncture, Chinese financial institutions have decided to support HSBC and ensure Hong Kong's economic stability with the aim of stabilizing Hong Kong.
This decision has proved to be very correct and strategically important. The mainland personnel stationed in Hong Kong reported to Beijing everything that happened in Hong Kong as quickly as possible. The People's Bank of China, the authority of China's financial sector, immediately made a decision: to support HSBC. And quickly instructed the Hong Kong-based institutions to handle the loan posting business as quickly as possible, and everything was carried out with the highest efficiency. At the same time, the Hong Kong news media immediately published a headline: "The People's Bank of China and HSBC join hands to advance," "HSBC's confidence vote comes from the mainland," and so on. Newspapers of all sizes reported from beginning to end, and for a time it became the main theme of Hong Kong newspapers.
Hong Kong's stockholders and savings customers know that HSBC's support from mainland financial institutions means that HSBC's capital will not be exhausted, and there is no doubt about the creditworthiness of its funds. They saw the prospect of this fight. Then, the situation took a turn for the worse, with HSBC's share price skyrocketing and savings leading the way. The situation has changed from unfavorable to HSBC to favorable, and the Americans who came to Hong Kong can only sigh with admiration, and they wanted to eat HSBC, but they didn't expect to be clever but mistakenly smart, and they lifted a stone and shot themselves in the foot.
With the joining of mainland financial institutions, the war situation has become clear, and the US syndicate is forced to negotiate with HSBC. Because the U.S. side ate at a high price and sold at a low price, it lost a lot, and in order to make up for the loss of HSBC, it had to agree to give up an airline. In order to ensure the stable development of Hong Kong's financial industry, HSBC agreed to allow the US side to retain some of its assets in Hong Kong, and asked the US side to promise that similar incidents would not occur again in the future. Afterwards, a high-ranking person in the US financial circles said: "HSBC's move to invite mainland financial institutions to participate in the war was too brilliant and ruthless, and it almost wiped out our entire army." In this battle, HSBC "borrowed" the "knife" of the People's Bank of China and "killed" the "person" of the US syndicate.