The Wealth Empire Crossing the Hong Kong

Chapter 203 Bank Financial Crisis
The so-called non-reciprocity is indecent. On Sunday morning, this day happens to be the day when most citizens are on vacation, but there is a long queue outside the Hang Lung Bank, all of them are citizens who want to withdraw money.

I don't know whether it was unintentional or intentional, but the Jiashi live broadcast team happened to be at one of the Hang Lung Bank's business locations.

All of a sudden, the news that Hang Lung Bank embezzled depositors' funds to expand its own industry spread throughout Xiangjiang at an extremely fast speed.

This is the fourth bank in Heung Kong to be run after Xinjian, Dongya and Daoheng were run on.

The chain effect is very scary. All these well-known banks have run on, and the citizens who keep their money in small and medium-sized banks are even more worried.

As a result, there are long queues at the business offices of major banks today, and even HSBC and Standard Chartered have experienced small-scale runs.

The Xiangjiang Financial Management Bureau, which didn't take it too seriously before, is completely panicked now, and they don't have time to trouble the Xinjian Department.

When the investigation team was withdrawn, a press conference was held, saying that several major banks were operating well, and their internal liquidity was much higher than the warning line set by the Monetary Authority. The general public should not worry about the loss of their bank deposits.

It's a pity that the financial management bureau can no longer rest assured with a few words. Citizens can only feel relieved now that they have the money in their own hands.

In the afternoon of the same day, many small and medium-sized banks, including Xiangjiang Guangan Bank, Wing On Bank, Ka Wah Bank, Overseas Trust Bank, Kangnian Bank, and Union Bank, announced the suspension of business operations, which further deepened the panic in the hearts of the citizens.

The only local banks in Hong Kong that can still maintain normal operations are Standard Chartered, HSBC, Xin Jian, Dao Heng, East Asia, Hong Kong Asia Commercial, Sun Hung Kai, Hang Lung, Wing Lung, Hang Seng and other banks that are backed by large forces.

In the afternoon of the same day, various press conferences were held intensively. Wing Lung Bank reached a strategic cooperation agreement with Global Shipping, Wharf, Wantai Garment, Happy Enterprise Group, etc., and the funds in the accounts of several major groups will be transferred to Wing Lung Bank.

At the same time, Sun Hung Kai Bank also announced that it has reached strategic cooperation with Henderson Land, Sun Hung Kai Properties, Zhou Xing Land, Chinachem and other groups. In the future, Sun Hung Kai Bank will be responsible for the banking business of these major groups.

Not to be outdone, Hang Lung Bank also announced that it has reached strategic cooperation agreements with companies such as Cheung Kong, Shun Tak, Great Eagle, Wireless, and Golden Harvest.

All of a sudden, the reputation of Wing Lung Bank soared. A small and medium-sized bank that was not well-known in the past, because of the cooperation with many groups, it can be compared with banks such as Hang Lung and Sun Hung Kai.

Especially in the current situation, with the strong support of several major groups, after this crisis, Wing Lung will definitely become one of the large banks in Hong Kong.

Among the local banks today, only HSBC, Standard Chartered, Daoheng, East Asia, and Xinjian have not held an external press conference, and they are confident about the current crisis.

In the Wheelock Building, Li Jianhui said to Li Zaiwei: "In the past two days, you have carefully investigated these banks in crisis, screened out some potential ones, and bought them if possible."

It has become like this now, thanks to the credit of Li Jianhui. This time, he not only wants to fight back against the coalition camp, but also wants to drag these small and medium-sized banks into trouble.

At present, there are too many small and medium-sized banks in Xiangjiang. Instead of waiting for three years to explode, Li Jianhui thinks it is better to detonate now.

Moreover, Li Jianhui believes that he is definitely not the only one who has such an idea. It is estimated that Hang Lung, Sun Hung Kai, Wing Lung and other banks also have such an idea.

This is a crisis in the eyes of many people, but it is an opportunity for them, and the opportunity for rapid mergers and acquisitions and expansion is coming.

The incident has already fermented, and now you just need to wait quietly. Banks with the support of big forces will naturally get through smoothly, while those banks without the support of big forces and with a relatively high proportion of real estate loans can only resign themselves to their fate.

Li Zaiwei said with a smile: "Li Sheng, I have already researched the banks that may have problems at present, and the ones that are more useful to us are overseas trust banks.

In addition, I plan to let Xingsha Investment Company acquire Union Bank, let Yuntao Investment Company acquire Ka Wah Bank, and transform the two major investment companies into financial groups. In the future, many of our operations will be more convenient. "

Li Jianhui has no objection to Li Zaiwei's proposal. Now his apparent assets are already very strong, and letting Xingsha Investment Company and Yuntao Investment Company come out will also help reduce the growth rate of his apparent wealth.

After these two investment companies have a bank, just like Lanfeng Investment Company, their funds no longer need to be placed in Xinjian Bank.

At the same time, Li Jianhui also asked Li Zaiwei to arrange for the six major investment companies of Meiya, Lipu, Quanyuan, Nanlong, Lanxi, and Huaying to also acquire a bank as much as possible in the headquarters.

Li Jianhui's layout is quite extensive. These six investment companies are headquartered in Los Angeles, London, Tokyo, Kuala Lumpur, Paris, and Vancouver.

Together with Xingsha and Yuntao in Xiangjiang, and Lanfeng in London, the nine major investment companies became his right-hand man to conceal his wealth.

Li Jianhui is also quite troublesome in management. Apart from him, Chen Xinyi, Chen Yulian, Guan Jiahui, and Zhou Jiayi, only his second sister Li Chunmei, Wu Jiankun, Li Zaiwei, and Zhou Pengfei from the Political and Economic Research Office are fully aware of these investment companies.

Even the heads of the various investment companies themselves don't know that these investment companies are their allies. They are all under the command of Zhou Pengfei, Li Zaiwei, or Li Chunmei and Li Jianhui alone.

However, there is no lack of personnel from the political and economic office around these responsible persons, and the company's monitoring is also quite strict. At the same time, the main persons in charge of the company's finances are all members of the accounting firm under Li Jianhui.

With the continuous development of the Xinjian Department, Li Jianhui will train a group of capable and relatively low-key people to take up important positions in these companies in the future.

With the continuous development of the industry, Li Jianhui has more departments, including the Political and Economic Office, Internal Coordination Office, Finance Department, and Legal Affairs Department.

At the same time, in order to supervise the internal affairs of major enterprises, a special inspection department has also been established.

In addition, in order not to let the Political and Economic Office dominate, Li Jianhui began to strip the Political and Economic Office of the internal supervision authority of the Xinjian Department. The information obtained by the Political and Economic Office will only be external, and internal aspects will be handed over to the Security Office.

In the future, the Security Office will not only be responsible for the management of important documents and materials of the Xinjian Department, but also be responsible for the supervision of the internal situation, becoming another major intelligence agency.

Especially in the eight major investment companies and Lanfeng Investment Company, there are not only personnel from the political and economic research room, but also personnel from the confidentiality office, as well as personnel from the inspection department, forming a situation of joint supervision by multiple departments.

Coupled with the quarterly financial review, Li Jianhui believes that these companies will not have any major problems.

Especially as these companies continue to expand, he will be able to place more people in and put these companies under his absolute control.

(End of this chapter)