April 5th, Qingming Festival.

The staff of the head office of Hang Seng Bank on Queen's Road in Central were taken aback when they came to work. I saw a dense crowd of people queuing outside the bank, and the queue was endless, and I didn't know where it would go.

There are also a number of police officers who have heard the news and are maintaining order, and the scene is extremely spectacular.

"It's a squeeze!" The bank employee suddenly wailed.

"What can I do? With so many people, where do we have so much cash flow when we open a bank! A staff member complained.

"Don't talk about it! Hurry up and get ready to deal with it! When such a thing happens, there is nothing we ordinary staff can do. The clerk could only say sadly.

Everyone hurriedly walked into the Hang Seng Bank Building, which was built only a few years ago, through the back door (employee passage), and they all had a bad premonition. After all, rumors that have been fermenting for so long will be bloodied once they break out.

At nine o'clock in the morning, as soon as the Hang Seng Bank opened, people poured into the hall – withdrawing money and closing accounts.

Escorted by the staff, He Tian, who came to hear the news, came to the door of the business hall and began to explain to the depositors: "The bank has a good reputation and will never lose a penny. The interest rate of our bank is so high, isn't it better for you to deposit in the bank to eat the interest? It's not cost-effective to take it out before it expires now! We can afford to build a 22-storey building in Hang Seng Bank, will we still owe you money? The bank has a lot of money, and someone has recently deposited a large amount of money, which is our reputation! ”

A lot is explained, but people don't hear it.

What's more, there was a direct boo and scolding.

"Where did you get the money? And not yet our depositors' money. Where did the money come from to build the bank building? And not yet the hard-earned money of our depositors. ”

"That's it! What kind of water do you rely on? It's not just a lump sum of money from our depositors. ”

"If you don't pay today, I'll smash your bank!"

An excited aunt almost smashed it when she picked up something, but fortunately JC stopped it in time.

Even so, he was so frightened that He Tian hurriedly dodged, and under the escort of the staff, he fled in embarrassment.

He Tian returned to the office building and reported the matter to He Shanheng, and everyone was so anxious that the ants on the pot were hot.

"We have a cash flow of 280 million Hong Kong dollars, and we will definitely be able to support it! Don't panic yet, immediately ask the Hong Kong government for help, and let the Hong Kong government, HSBC, and Standard Chartered come out to stabilize the market sentiment. Guowei, you should hurry up and do this matter, you know English! After He Shanheng calmed down, he said in a deep voice.

During the run in February, the Hong Kong government contributed a lot, such as the Hong Kong Governor signed a decree, the pound sterling is also Hong Kong's legal tender (sterling can be withdrawn to depositors), and there is a temporary limit on depositors' withdrawals, etc.; In the end, there was no outbreak in the entire Hong Kong banking system, only a few were affected.

Li Guowei nodded and said, "Okay, I'll contact you right away!" ”

Generally speaking, HSBC and Standard Chartered Bank, as note-issuing banks, are equivalent to central banks; London once suggested that the Hong Kong government set up a central bank, which was directly protested by HSBC, and finally failed.

Moreover, HSBC and Standard Chartered are the standing committees of the Hong Kong Association of Banks, so they have the obligation to maintain the order of the bank. Every time there is a bank run, they offer some support.

Of course, this support is limited, such as stabilizing the morale of the military and giving a small amount of cash loans.

But the run on Hong Kong is so terrifying that it can wipe out decades of bankers' hard work in an instant.

He Shanheng calmly arranged everything, so that the high-level leaders had their own tasks, and after everyone left, he sat down a little weakly.

"What's wrong with us building a bank building? Could it be that the money from HSBC and Standard Chartered was brought from London? ”

"Why do these depositors always have trouble with Chinese banks?"

He Shanheng complained about injustice in a low voice!

In front of his colleagues, he needs to be calm and calm, but at this time he feels that the squeeze is really terrible!

Hang Seng Bank has more than 800 million deposits, even if it is half squeezed, it will not be able to bear it at all. His only hope is that a day or two after the run will take place, and with the help of the Hong Kong government, HSBC and Standard Chartered, the run will stop.

In this way, Hang Seng Bank can be regarded as sparing.

"It's okay!"

Cheung Kong Industrial.

On the third day of the run on Hang Seng Bank, its general manager, Ho Tim, found Lin Zhichao's office.

It stands to reason that Lin Zhichao should avoid it, after all, he has promised Sandas not to interfere. However, Lin Zhichao likes to do things in a dignified manner.

If you don't save it, you don't save it, and he won't avoid it and fall behind.

"Sir Lin, you also know what is going on outside, the good guy asked me to ask for help, I hope you can help again."

Lin Zhichao sat on the sofa with He Tian and said seriously: "I can't help you anymore!" He Sheng, I have a full 100 million funds to deal with it for you, this is already my greatest strength. A lot of my money is invested in shipping, which is a bottomless hole. So I'm sorry! ”

He Tian was speechless for a moment, before he came, the good boss had analyzed with him, Lin Zhichao might not have the strength to help them.

Cheung Kong and Cheung Kong can indeed make money, but I heard that the debt of global shipping is very high; In order to quickly develop shipping, Lin Zhichao borrowed heavily thanks to the support of HSBC.

"Lin Sheng, what do you think Hang Seng Bank should do?" He Tian said lonely.

Lin Zhichao shook his head and said: "I don't know what to do, after all, after three days, Hang Seng Bank's cash is afraid that it has been run on the scale of 200 million." And the number of people outside has not decreased, from Hang Seng Bank to Chater Garden, such a long line, I don't know what to say! If you really want to say it, Hang Seng Bank is still very popular, after all, there is no problem with assets! ”

He Tianmeng raised his head and said, "Lin Sheng, you said to sell yourself?" ”

Lin Zhichao nodded, but didn't speak!

This kind of thing, he doesn't mix.

The reason why He Tian was received was because everyone was a friend, and he would not hide his head and tail.

He Tian could only get up and say goodbye!

He can't blame Lin Zhichao, the Chinese leader, for not saving him when he sees death, because he has supported 100 million Hong Kong dollars. Hang Seng Bank has only raised a total of 50 million Hong Kong dollars in other places.

What's more, when everyone was chatting together, Lin Zhichao also took Liao Chong Hing Bank as an example and said that Chinese-funded banks should be taken as a warning. However, in recent years, the management of Hang Seng Bank has been too eager to make profits, only seeing the speed of surpassing the Bank of East Asia, and not seeing its hidden risks.

After He Tian left, Hu Zhaoxu walked in after a while.

"Boss, land prices and housing prices fell sharply in the first quarter of this year, almost by about 30%."

Lin Zhichao raised his head and said, "This time, we are not in a hurry to copy the bottom, just wait patiently!" But you still have to keep an eye on the market, and report to me if there's going on. ”

"Okay, I see!"

Let Hu Zhaoxu monitor every move of the market, but Lin Zhichao estimates that he will only think about buying the bottom a little this year; If the price of land falls by half, buy less to your liking.

The real bottom has to be in 1967!

The other side.

After Tim Ho returned to the Hang Seng Bank Building, everyone saw him and knew that there was no hope at the end.

"Lin Sheng said that he has done his best to be benevolent, and the current situation is not something he can save."

He Shanheng nodded and said, "Yes!" Now there are only three ways before us, the first is to accept the loan from IWC, the second is to be taken over by the Hong Kong government, and the third is to sell ourselves to HSBC. ”

Li Guowei said: "If you accept a loan from IWC, I'm afraid you won't be able to save Hang Seng Bank!" ”

It's a problem with loans!

And after taking out a loan, GIC will force you to repay, and in the end, Hang Seng Bank doesn't know what it will become.

He Shanheng nodded and said, "So the first one doesn't work!" As for the second, it will not work, to be taken over is to prepare for bankruptcy. ”

Obviously, the only way to do this is to sell to HSBC.

He Tian said: "We still have more than 70 million cash flow, should we wait until tomorrow to talk about it?" ”

He Shanheng smiled bitterly: "It's okay to talk about it tomorrow, but it's okay to talk about it today!" ”

Two hundred million Hong Kong dollars passed in three days, and 80 million Hong Kong dollars passed on the first day, so more than 70 million Hong Kong dollars can last more than a day.

He Tian said: "Actually, I always feel that Lin Zhichao's financial strength is more than this, otherwise why would he not care about and be nervous about the 100 million in our bank account." You know, many large households have closed their accounts in advance. ”

He Shanheng waved his hand and said, "This is natural, but he can't save us with all his might!" If I can give us 100 million, we will accept his favor. And the reason why he is not worried about his funds is because he knows that HSBC wants to eat us. So even if we are eaten, there is no problem with his funds. ”

He Tian said again: "It makes sense, he also told me today that he believes that the assets of Hang Seng Bank are fine, and he is a sweet and sweet bait." It seems that he guessed that Hang Seng Bank would eventually have to consider selling itself to HSBC! ”

He Shanheng said: "He is very powerful, he can plan for everything, and his vision is very vicious!" At that time, he criticized Chinese-funded banks, but he did not expect it to come true today. After saying that, he couldn't help but feel lonely.

Everyone in Hang Seng Bank couldn't come up with an idea, and looked at He Shanheng.

"Wait for tomorrow! If it hasn't subsided in the afternoon, then Guowei you go to HSBC to talk, 51% equity is 51 million Hong Kong dollars, a lot of money. ”

Two days later.

Hang Seng Bank was eventually taken down by HSBC, because there were too many people running on it, and even if Hang Seng Bank had 70 million more cash than in its previous life, it would not help.

However, when the news of Hang Seng Bank's takeover by HSBC spread, the crowd quickly disappeared.

I have to admit that the trust of Hong Kong citizens in HSBC is far greater than that of Chinese-funded banks.

"Boss, Li Sheng is here!"

"Hmm"

Subsequently, Li Gaofu walked in with a big belly, and he has made a lot of fortunes in the past few years, which can be described as rich and noble, and his family is prosperous. The original partner alone gave birth to two sons and two daughters for him, and seven or eight years ago he married a concubine and gave birth to a son and two daughters for him.

Sir Lam

"Brother Gao Fu, come and sit down and talk!"

Lin Zhichao is as enthusiastic as ever, although soon after Li Gaofu did real estate, everyone has their own careers and connections, but everyone still occasionally gets together and chats.

Li Gaofu has been doing real estate in recent years, and he has done well, and Fuhe Real Estate can barely rank in the top ten in the Hong Kong real estate industry, and Li Gaofu's assets are probably over 100 million. Tai Ping Hong (12 storeys, 50,000 sq ft) in Central, Fook Wo Building (22 storeys, 198,000 sq ft) in Sheung Wan and Fu Shui Building (26 storeys, 260,000 sq ft) in Tsim Sha Tsui are worth more than $50 million.

Of course, this is last year's value, and this year the property has fallen very quickly, and the HK$2,500 psf in Central has now fallen to HK$1,500 psf and it continues to fall.

It's a pity that there are no high-quality building properties for sale, otherwise Lin Zhichao would have made a move! Of course, there is nothing to regret, there is still a long way to go!

"You came to the company to find me, right?" After drinking tea, Lin Zhichao took the lead in preaching.

Li Gaofu put down the teacup, and then said with a bitter face: "This real estate plunge is too sudden, I still have 1 medium-sized real estate and 1 small real estate under construction, and now the funds are a little tight, so I want to borrow 15 million from you, and I should be in an emergency." ”

Lin Zhichao nodded and said: "Then the business to the business, the interest is calculated according to the lowest 12% of the bank, and I will let Zhou Fuzhao dock with you later!" ”

Li Gaofu hurriedly expressed his gratitude and said: "This time, I didn't understand the situation and took a lead. Now that the bank is urging me to repay my debts, I can only come to you for help. In any case, these two properties will be completed first. ”

Now a small real estate also has to invest a lot, according to last year's land price and construction costs, a building investment is more than 8 million Hong Kong dollars; A medium-sized real estate requires an investment of at least 30 million Hong Kong dollars.

In addition to commercial real estate and development real estate, Li Gaofu's assets are now also going abroad to buy properties and start trading and other businesses. So it's one thing to have assets over 100 million, but it's another thing to have more cash to come up with.

This is why Lin Zhichao dares to say that no Chinese-funded businessman in Hong Kong can come up with a cash flow of 200 million, thinking that if he can take it, his assets will be at least more than 1 billion.

Lin Zhichao said: "It's not too aggressive! Without my borrowing, it's not too difficult. However, this bank run is indeed risky, and there are many enterprises in Hong Kong that are liquidated and bankrupt. ”

But no, at least four or five hundred companies will go bankrupt next year, and I'm afraid that a large number of real estate developers will be included.

Li Gaofu was afraid for a while, and said: "It's still at the last moment, I'm a little greedy, even if I am greedy a year in advance, it won't be enough cash flow now." ”

He didn't escape the two real estate crashes, but he didn't win very aggressively.

Take this time as an example, even if the two real estate projects with an investment of more than 40 million yuan are sold at half price, the loss will only be 20 million, which is not a large proportion of total assets.

Lin Zhichao saw Li Gaofu's appearance and felt that he should have no hope of competing for the 'Real Estate Five Tigers'.

First, investing in too much commercial real estate takes up a lot of money.

Second, he leaves 30% of the property for rental in each of his real estate projects, so the return on investment is slow.

Third, in both crises, he 'rushed' at the last moment, which shows that his vision is not very strong.

However, although Li Gaofu's model cannot make him a first-class rich family in Hong Kong, it is not bad to become a second-rate rich family, similar to the Ma Jincan family, Liao Baoshan family and others.

Lin Zhichao said: "It is normal to have wins and losses in the market, and the most important thing is to leave the hole cards, so as not to lose completely." You have a lot of asset diversification now, but you also have a lot of hole cards, so there is no need to be sluggish. ”

He comforted Li Gaofulai, there was no need to worry.

Li Gaofu asked at this time: "What do you think of the real estate market?" ”

Lin Zhichao said with a smile: "The goods are like rotation, and the real estate in your hand can be sold, so you can sell it." You already need to borrow money, which means that you have to rotate and sell to get cash flow. As for the market outlook, who can say 100% accurately, just don't borrow money to develop! ”

In fact, it has been revealed that this time it is different from 1957, and it will be relieved in a year and a half.

In fact, real estate fell by 30~50% this year, and it will recover a little in the first half of next year, but in May and June, because of the affairs in the mainland, the real estate will show a wait-and-see situation, so it will not recover; In the year after tomorrow (1967), it will be hell on earth.

Therefore, in Li Gaofu's situation, the best thing is to sell it if it can be sold.

This kind of real estate has fallen, although the price has plummeted, but there are still some sales, after all, some people are just in demand.

"Okay, I see!" Li Gaofu also said modestly.

Although he is in his forties this year, his admiration for Lin Zhichao has always existed, and because of this, he has helped him offset two disasters.

The collapse of 1957 and 1965, I don't know how many real estate developers disappeared, although he suffered a slight loss, but it was not fatal, and it was not even a major injury.

The reason why I need to borrow money this time is because of the medium-sized land in my hand, and the land fee alone is 26 million yuan, and the construction cost is nearly 40 million yuan. A third of the site has been built, and it was about to be sold when this happened.

The cooperative bank forced him to repay his debts, and he could only come to Lin Zhichao to borrow some money.

"It's just right, let's go to Zhihao's place for dinner at noon and taste his abalone!"

"Well, this kid Zhichao has also made a name for himself and revitalized the Fulin Hotel! Fulin's abalone has also begun to have some fame in Hong Kong! ”

"Haha, this kid has been scolded by me a lot and has grown a little. Business, relying on the care we give, can only be said to survive. ”

After all, it is his cousin, Lin Zhichao is still happy to take care of it, occasionally take friends to take care of it, and slowly rely on everyone's care, coupled with the selection and research of overseas abalone, he finally barely has his own characteristics.

So, business began to improve, and it was considered to have survived in a high-end restaurant.

However, Lin Zhihao is not a professional chef after all, so he is destined to have a Fulin Hotel, and there is no grade in the later Regal Hotel-Fulinmen. Because of this, this hotel is just a testing stone.

Lin Zhichao is testing Lin Zhihao, and when he runs for another three or four years, he still has to engage in Chinese fast food. After all, if Hong Kong's Chinese fast food is done well and becomes the first place, it can also become a listed company; After the listing, it will develop into a catering kingdom, which can be regarded as a way.

The reason why Lin Zhichao is keen is because he can own 50% of the equity, otherwise his cousin will not be happy to take care of it.

(End of chapter)