Wednesday, June 14.

A group of 'nervous' depositors flocked to the head office of Liao Chong Hing Bank in Des Voeux Road West, Central, and it was only early in the morning, but the crowds were already gathering. Each of them had an anxious look on their faces, as if they had encountered some catastrophe.

There was a lot of talk in the crowd, and from time to time there were angry voices.

"I really didn't expect that Liao Baoshan is such a person, she actually went to sell flour, and now she is running away with the money!"

"I'm XX Liao Baoshan's ancestor ~ eighteen generations, I grabbed the savings of our fellow villagers for myself, not to mention speculating in land and houses, and I wanted to flee with money when I got rich, and ran abroad."

"What I heard is that Liao Baoshan emptied the depositor's account and had no money to pay, and we wanted to consider ourselves unlucky. I'm bah, if he dares to appear in front of me, Lao Tzu will let him pay for his life today. ”

"Why don't you open the door yet, I want to withdraw money! Liao Baoshan, you big liar! ”

More and more people gathered here, and the rumors began to spread, and soon the area was crowded and crowded.

In the morning, when the bank staff came to work, they were immediately taken aback, and at the urging of the people in line, they hurriedly returned to work, called the police, and reported to the senior management.

For a time, the first run on Hong Kong after World War II broke out.

Liao Chong Hing Bank was plagued by unfavorable rumors and rumors, and was run on by a large number of depositors, and about 3 million yuan was withdrawn on the same day. What's worse is that in the back, because the rumors have spread all over Hong Kong and Kowloon, the squeeze has become more and more intense.

And Liao Baoshan was anxious when she learned that the run incident had occurred and the rumors were spreading.

That night, he stayed up all night, tears spilling down his pillow.

He understands that tomorrow is the time for the real test, and the run will also spread to branches in Causeway Bay, Mong Kok, Sham Shui and Kowloon City.

The situation of Liao Chong Hing Bank is even more unable to withstand the occurrence of a run, with a total deposit of 108 million Hong Kong dollars, he has lent himself and his customers a full 88 million Hong Kong dollars, that is, the bank's cash flow is only 20 million.

In the face of the outbreak of the run, this money lasted less than three days.

There were also a large number of depositors who stayed awake that night, and they gathered in large numbers at the branches of Liao Chong Hing Bank, sleeping on the streets, waiting for the first time to withdraw money the next morning.

Some people wept and wept, stomped their feet and cursed Liao Baoshan for harming them;

Some people are full of swear words, scolding Liao Baoshan for turning her years of hard-earned money into bubbles;

Someone is banging on the surrounding buildings and public objects, anxious.

All living beings are sad and miserable!

"Lin Sheng, you must help me this time! You know, it's all rumors outside, I'm in Hong Kong, how can I run away? ”

On the afternoon of the second day of the squeeze, Liao Baoshan came to Lin Zhichao's office to ask for help.

In addition to his Chaoshan hometown, the first thing he thought of was Lin Zhichao, the first was that Lin Zhichao was rich, and the second was that the two had a good relationship.

Then, just this morning, many Chaoshan villagers rejected his request for a loan on a variety of grounds; Those who promised to borrow were only a few hundred thousand or even millions, which was a drop in the bucket.

To sum up, he put the cash of the real estate company and the funds that the Chaoshan villagers promised to borrow, totaling less than 30 million Hong Kong dollars; This amount of money is estimated to last for three days, or even less.

Lin Zhichao sat on the sofa with Liao Chuangxing, looking at Liao Baoshan's haggard face, and suddenly felt that the power of rumors was really great.

"Brother, a lot of the funds on my side are invested, and I can't get much in a short time. So, I asked my finance manager to come and ask him how much he could use! ”

Liao Baoshan was suddenly a little anxious, this kind of rhetoric seemed to have appeared.

"Then you ask, Lin Sheng, you know me, the funds are not lost, but they are invested in the real estate business, and I can afford the money."

Lin Zhichao nodded, then dialed the phone on the desk and said a word inside.

Then, Lin Zhichao turned around and said: "Brother, since things are not at the end of the mountain, you don't have to be in a hurry." Money, as long as there are people, it is not easy to earn it back. ”

Where is Liao Baoshan in the mood to listen to this, because of Lin Zhichao's face, she can only nod.

As everyone knows, Lin Zhichao is saving his life!

In any case, after this incident, Liao Baoshan's reputation will plummet even if she is alive, and it will be almost difficult for the bank to recover, and there will be some losses in real estate.

Therefore, Lin Zhichao will not regard him as an opponent.

After a while, Zhou Fuzhao walked in.

Lin Zhichao said: "How much money can the company withdraw immediately? ”

Zhou Fuzhao looked at Liao Baoshan, and knew the reason for the matter, and said: "It should be possible to withdraw 10 million Hong Kong dollars, but if it is withdrawn, our company will be short of funds in a short time."

Lin Zhichao immediately interrupted: "I'll mobilize a little more from the Yangtze River Industry, and the company's operation is fine!" In this way, you immediately take someone to pick up the money, and then send it to Liao Sheng, I can only help you so much with the funds, I can make money in Changjiang Industry, but almost all of them are used to subsidize shipping, you know, shipbuilding is very expensive. ”

At this time, Liao Baoshan had already stood up, although this amount was lower than expected, but it was more generous than those fellow villagers. What's more, Lin Zhichao made it very clear that although he was rich, he also had to subsidize the funds to shipbuilding; In addition, he had also considered it in advance, Lin Zhichao had invested in so many buildings and hotels, and the funds were definitely occupied.

"Lin Sheng, you have really done me a great favor, when the turmoil subsides, I will definitely invite you to drink together."

Lin Zhichao patted Liao Baoshan on the shoulder and said, "Brother Liao, you can refer to Chen Detai for this matter, only HSBC and Standard Chartered can cure the root cause." Because depositors need to boost their confidence and dispel rumors, as long as HSBC and Standard Chartered have the backing of you, you can stop the run. Otherwise, I may not be able to bear that huge amount of money when I have the most abundant funds. ”

Although Liao Baoshan didn't listen to it for the first time, she also remembered it in her heart and said, "Okay, I remember!" ”

Lin Zhichao said: "Okay, you go and get busy, I'll ask Manager Zhou to accompany you to withdraw money, and I'll say hello to the bank immediately." If you have any questions in the future, you can communicate with me, I will not be afraid of you like a tiger, after all, I know that you are not Chen Detai back then, and you have the strength to get through this difficulty. ”

Liao Baoshan was simply moved, many of his Chaoshan compatriots were afraid of him like a tiger; Only this Shunde friend not only lent himself the largest amount of money, but also was willing to maintain communication at any time.

Da En didn't say thank you, he could only arch his hand and leave with a heavy heart.

After Liao Baoshan and Zhou Fuzhao left, Lin Zhichao immediately called the bank and asked them to withdraw the 10 million funds immediately.

In fact, just yesterday, Lin Zhichao had already communicated with Zhou Fuzhao, and Liao Baoshan would definitely look for him, and how much money would be discussed in advance.

10 million funds, not too much, not too little!

If the extra 10 million funds can change Liao Baoshan's fate, then Lin Zhichao has nothing to say.

But Lin Zhichao understands that 10 million funds can't change much, and only the joint statement and financial support of Standard Chartered and HSBC can resolve the crisis.

Because, the most important thing in this is to stabilize the reputation!

Of course, Lin Zhichao can also make a statement, saying that he is willing to vouch; If this is the case, it is believed that the effect will not be lost to Standard Chartered Bank, and the run may subside.

But Lin Zhichao will definitely not do this kind of thing, unless there is a run on the Bank of East Asia, he is willing to vouch, and it must be the era when the Jian Dongpu family is in charge. After all, Jian Dongpu also trusted him so much back then.

On Liao Baoshan's side, Lin Zhichao took out 10 million, which not only matched his identity, but also echoed the friendship between the two.

If he has the right to rescue, then Liao Baoshan will not learn a lesson, and in the future, he will still regard the bank's funds as his own funds, and maybe there will be a bigger storm in the future.

This lesson is something that Liao must bear.

However, he didn't want Liao Baoshan to hang up like in his previous life.

In fact, Liao Baoshan also turned to other Chinese-funded banks for help, but none of them were refused, or they had to be handed over to the board of directors for discussion; Together with the Dasheng Bank of Ma Jincan, he only reluctantly took out 3 million Hong Kong dollars to support Liao Baoshan, but none of them were a drop in the bucket.

On the evening of the third day of the outbreak of the 'run on Liao Chong Hing Bank', HSBC and Standard Chartered Bank issued a joint statement: they believed that Liu Chong Hing Bank had more assets than liabilities, expressed their support for 'Liao Chong Hing Bank', and lent HK$30 million to the bank to cope with the run.

At the same time, the police also publicly stated that the fact that a well-known banker was wanted by the police or restricted was purely a rumor.

HSBC and Standard Chartered, as standing members of the Hong Kong Association of Banks, heard about the incident and decided to fund the rescue because they were afraid that the run would spread to other banks. The loan of 30 million Hong Kong dollars is because HSBC and Standard Chartered believe that 30 million Hong Kong dollars can calm the run.

Sure enough.

Following.

Since the fourth day of the 'run incident', the trend of the run has begun to ease a bit, and the statements of HSBC and Standard Chartered are still very effective.

Of course, the credibility of Liao Chong Hing Bank has been greatly affected, so some depositors are still not at ease and continue to withdraw money and cancel their accounts.

Only some savers who are reluctant to pay interest have decided to continue to wait and see.

According to reports, more than 20,000 depositors went to withdraw money in the first three days, and about 30 million yuan of deposits were withdrawn.

Liao Chong Hing Bank Headquarters Office.

Liao Baoshan did not rest well for three consecutive nights, but he did not dare to rush to the bank too early, for fear of being beaten by depositors; So at nine o'clock in the morning, he quietly came to the office through the other passages.

"How's the situation out there, is it getting better?" As soon as he saw the bank's management, he asked eagerly.

"It's getting a lot better, the signs of running are decreasing, and although there are still some people in the queue, we believe that it will subside in the next two days." The senior said hurriedly.

Liao Baoshan nodded, and then asked the senior management to get busy, and he picked up the newspaper casually and looked at it, and found a statement about HSBC.

Suddenly, he stood up in shock.

Saw.

Originally, the second joint statement agreed that 'HSBC and Standard Chartered have made certain arrangements to bring the Liu Chong Hing Bank incident under complete control. ’

But now, the newspaper publication has become the business of Liu Chong Hing Bank, which is completely under the control of HSBC and Standard Chartered. ’

"Could it be that HSBC and Standard Chartered are going to eat my industry!"

"I knew there were no ghosts, no ghosts, not so kind!"

Liao Baoshan thought that the two major banks were going to take advantage of the fire to rob and swallow up his assets, and she was sad and angry for a while.

It happened that many friends called and talked about the things in the newspaper, and everyone said that HSBC was afraid that it would eat Liao Chuangxing Enterprise, so Liao Baoshan should be careful.

"What should I do?"

With such thoughts, Liao Baoshan fell into trouble again, and her body and mind became further exhausted and anxious.

As a matter of fact:

HSBC and Liu Chong Hing have prepared a joint statement, which reads: "HSBC and Standard Chartered have made certain arrangements to bring the Liu Chong Hing Bank incident under complete control. ”

However, when the original English manuscript was translated into Chinese and published in newspapers, it became "the business of Liao Chong Hing Bank, completely under the control of HSBC and Standard Chartered." ”

Damn Wenchang is jealous, the rivers have passed, but there is a problem in the translation link. When people point their backs, they stuff their teeth when they drink cold and white, and when they are smooth, they can pull out a jar of gold when they fall.

The Liao Chong Hing Bank run subsided on the fifth day, and although it did not cause a multi-meter bone effect, it still had some negative impact on the stock market and real estate.

Lin Zhichao's withdrawal from the stock market is not all due to this reason, in short, he personally believes that the Hong Kong stock market is almost temporarily at the top; Even if there is a rally in the next four years, the magnitude will not be very large, and it is more likely to be sideways.

Rather than this - it is better to put the money in the hands of the stock market. What's more, he has earned 10 million, Lin Zhichao is already very satisfied, after all, the Hong Kong stock market in this era does not have much oil and water.

"Boss, Liao Sheng is outside!"

"Oh, please let him in."

Liao Baoshan came to the door again, Lin Zhichao was a little surprised, after all, it has been seven days since the run on Liao Chong Hing Bank, and it has completely subsided. Undoubtedly, Liao Baoshan's family is a big loss of vitality, and the biggest loss is credibility.

Seeing Liao Baoshan again, Lin Zhichao almost couldn't recognize it, I haven't seen him for a few days, Liao Baoshan has been languishing, and I haven't slept well these days.

"Liao Sheng, ensure your body, money is just something outside your body."

Liao Baoshan smiled bitterly: "Lin Sheng, I am not as open-minded as you, watching HSBC and Standard Chartered want to eat me, I can't sleep every day, and I wash my face with tears!" ”

It's quite heart-wrenching!

Lin Zhichao immediately reassured: "Impossible, how can Standard Chartered and HSBC eat you?" Your assets are greater than your liabilities, so why should they eat you? ”

Liao Baoshan's mind felt very strong, Lin Zhichao's persuasion, he didn't listen to a word.

"Lin Sheng, you don't know, Standard Chartered and HSBC have arranged for Luo 'Bingham Accounting Firm' to check the account books of Liao Chong Hing Bank, and ask Liao Chong Hing to auction the property to repay the loan. In the current market, not only can the auction not be able to afford the right price, but it will even be eaten by peers. The assets that I have managed to build down with great difficulty are going to be watched as they flow away like this? I'm not reconciled! ”

The obsession is too deep, Lin Zhichao can't help frowning!

"Liao Sheng, calm down! With me, Airship Tai, and Li Gaofu, no one can eat cakes, and you have to believe in our character. ”

Liao Baoshan flashed a hint of relief, but quickly said: "Having said that, but now in the market, it is obvious that my property is going to be discounted. Lin Sheng, now only you can help me! ”

Lin Zhichao immediately invited Liao Baoshan to sit down, and said, "How do you want me to help?" ”

Liao Baoshan said: "There is a way, that is, I will sign a sales contract with you, and I will sell all the assets to you." In this way, HSBC and Standard Chartered will not auction my property. Then he hurriedly added: "Don't worry, this contract is for HSBC and Standard Chartered, and the contract can be terminated by you once the turmoil passes." ”

Lin Zhichao thought in his heart that it would involve about forty or fifty million properties, and signing a contract would immediately have legal effect, which was probably a bit inappropriate; After all, Liao Baoshan will not sign a contract at a low price, and it must be the market price.

Moreover, Lin Zhichao has already said that he has no cash flow, and if he agrees now, it will be a little bad.

So, he said euphemistically: "Liao Sheng, as a friend, I really want to help you, but your method is very inappropriate." ”

Liao Baoshan was immediately disappointed, and then said in a pleading tone: "Lin Sheng, for the sake of our friendship for more than ten years, please help me, in Hong Kong, only you can help me." ”

Lin Zhichao said very directly: "Liao Sheng, if you believe me, follow my method:

First, it is already a fact that HSBC and Standard Chartered are now forcing you to auction off the property to pay back. Your property is worth more than 100 million, and they can't eat it, and they don't dare to eat it, otherwise the credibility will be over.

second, auction property, find Harimin for auction, this is a foreigner's auction house, foreigner auction property, all of them are true; If you ask us Huaxia people for auction, you can't believe it. ”

It's not that Lin Zhichao belittles the Chinese, that's the truth, he is also Chinese, but he must recognize the reality.

Liao Baoshan said weakly: "If HSBC wants me to auction the property, I have no choice." But I hope that Lin Sheng will be led by you, talk to those experts, raise your noble hand, and don't fall into the ground. ”

Lin Zhichao said: "Don't worry, no one will eat cakes!" ”

But he also understands that the price will not be higher than the market price in May, but in fact, it will not be low, after all, with the support of Lin Zhichao, Airship Tai, and Li Gaofu, it can almost reach seventy percent.

Before leaving, Lin Zhichao repeatedly told Liao Baoshan: "Brother, think about how many years you have built hundreds of millions of assets. Lose a little this time, and earn it back later. If his body collapses, Liewen can certainly afford the Liao family's business, but can he still have your majesty? ”

Liao Baoshan finally listened this time, bowed down, and said, "Lin Sheng's teachings, I must remember them!" ”

Seeing Liao Baoshan away, Lin Zhichao returned to his position and couldn't help but sigh.

Only by experiencing it first-hand can you understand the dangers of shopping malls.

Fortunately, he has gotten rid of the initial risk of the mall, and the three group companies have almost zero debt, and any risk will not be fatal.

Even if he encounters an oil leak in the United States, in this era, he will lose $100 million at most, which is basically tens of millions of dollars.

He can afford to lose, and more importantly, his mentality will not be as heavy as Liao Baoshan.

For Lin Zhichao, if he picks up more American wool in the future, the loss will come back.

Of course, Lin Zhichao still strictly prevented that kind of thing from happening, and repeatedly told senior seafarers not to change the course without authorization.

Liao Baoshan can't do it, after all, he doesn't know what the future holds!

This time he lost a lot:

First of all, the credibility of Liao Chong Hing Bank will have very few deposits in the future, and it will take a long time to recover;

Secondly, there will probably be a property worth 50 million 'sold cheaply', and theoretically it will lose 30%.

Hope he figured it out!

Lin Zhichao doesn't want a friend to be gone!

As for not going all out to help Liao Baoshan, Lin Zhichao insisted on his own ideas.

Not to mention Liao Baoshan, Li Gaofu, and even his father-in-law Tang Zhongyuan, Lin Zhichao is all this level of help.

After all, if you don't teach you a lesson, how can you grow up, and will you have to wipe their butts every time in the future?

It's not on the verge of bankruptcy, it's just a loss of property!

In order to help Liao Baoshan, he also lent out 10 million Hong Kong dollars, I am afraid that Liao Baoshan's fellow villagers add up, and it will be similar to this; At the same time, he also promised not to let people eat cookies.

It's enough of a friend.

(End of chapter)