The Wealth Empire Crossing the Hong Kong

Chapter 385 Prepare in advance
The wheel of history is rolling forward. Although Li Jianhui's arrival has changed a lot, some things are still moving forward according to the established track.

On the first day of September, the Hong Kong business youth delegation headed by Li Pengfei took off from Kai Tak Airport on a Cathay Pacific Airbus and headed north.

Although the Xiangjiang youth talent delegation led by Li Pengfei in the previous life was delayed for nearly two months in this life, Li Jianhui will not underestimate the impact of the incident at all.

You must know that in the previous life, it was this delegation that caused the Hang Seng Index to drop from its historical peak of 1810 points to more than [-] points in less than half a year, a drop of two-thirds.

In this life, because of Li Jianhui's butterfly effect, several major indexes have fallen several times, especially the thunder at the beginning of the year and the current sharp drop in the property market have squeezed the stock market.

But Li Jianhui believed that this time Li Pengfei led the delegation, which would give the stock market another thunderous blow, and the stock market, which had finally stabilized, would go down again.

On the night when Li Pengfei and others left for the capital, the Tung Wah Club held a joint meeting among Xiangjiang members, probationary members, and the heads of major securities investment companies and banks in Xinhui Hotel, conference room 306.

After everyone was quiet, Li Jianhui said: "I believe everyone already knows that the Hong Kong business youth delegation led by Li Pengfei has gone to the capital, and you may have some understanding of what this delegation did in the past this time.

I can tell you clearly that it is absolutely impossible to agree to the proposal of Li Pengfei and others to exchange sovereignty for governance, and they will express their determination to take back Xiangjiang.

We are all business elites. I believe you can understand what kind of impact this news will have when it comes back. We must be prepared for this, especially our major banks. "

In fact, after Li Pengfei was elected as the chairman of the Xiangjiang Business Youth Association, Donghua Club had already been preparing for it.

To hold such a meeting today is to learn more about whether companies are well prepared to deal with this crisis.

When the news came, it was certain that housing prices would plummet again. Whether the banks would suffer a run again depends on the follow-up situation, especially in terms of foreign exchange. I am afraid that the demand for foreign exchange from Hong Kong citizens will increase significantly in a short period of time.

At present, Tung Wah Association has foreign currency exchange banks including Yan Jian Bank, Bank of East Asia, Dao Heng Bank, Wing On Bank, Union Bank, Ka Wah Bank, and Heng Chong Bank.

As for those banks whose headquarters are not in Xiangjiang but have branches in Xiangjiang, Defeng, Dazhong, Huaying, etc. are not under any pressure. After all, these banks have relatively few customers in Xiangjiang.

This time the focus is still on the three major banks of Xinjian, Dongya, and Daoheng. As long as there are no major problems with these three banks, there will be no financial crisis in Donghuahui.

In this regard, Peng Kezhi, the executive vice president and acting president of Xinjian Bank, said: "Because our bank raised the threshold for real estate loans early, the real estate crisis did not have a great impact on our bank.

In terms of foreign exchange, because the main markets of many of our client companies are in Taiwan and Southeast Asia, the funds of these companies are returned in the form of foreign exchange, especially US dollars.

In addition, during this period of time, our bank has exchanged a lot of reserve funds into US dollars. As long as Huihong, Jingyi Electric, Jiayi Group, Xiangjiang Airlines, and Tesco Group do not move this foreign exchange temporarily, we can embezzle up to nearly five dollars in foreign exchange. One billion U.S. dollars is enough to deal with the upcoming risks. "

Now Li Jianhui is very poor. Due to the large-scale investment in various places, he can embezzle very little funds personally. The development of the enterprise will enter a normal mode, and dealing with risks will also be a normal mode.

Although the scale of the major holding groups is huge, there is not much cash that can be used. In this crisis, Defeng Bank can support 10 billion US dollars at most. This is because of the small profit made by Lanfeng Holdings in oil futures last month. I made a fortune, but it has not been used yet.

Fortunately, Li Jianhui had the foresight, and several major banks under the Donghuahui made preparations in advance and exchanged a certain amount of US dollars as reserves.

Compared with the ease of Xinjian Bank, the others are a little sad, especially Dongya and Daoheng. Because they are old-fashioned Chinese-funded enterprises, they have developed with the support of the Hong Kong-owned Chinese family. Some businesses are impossible for them because of the possible Don't do it if it crashes.

Even if they have raised the loan threshold, there are still not small problems. If the property market drops sharply again, Xiangjiang Real Estate Company will usher in a wave of bankruptcy again. This time it will no longer be just a small business. fall into this crisis.

At that time, the bad debts of the two major banks were likely to soar rapidly. If there was a run on the bank, even though they had made a lot of preparations in advance, they still felt a little uneasy.

Li Jianhui is also aware of the difficulties of banks such as East Asia and Daoheng. This time, it is not just them. Few companies in Xiangjiang can stay out of it.

Compared with other forces, the Donghuahui was preparing early because of Li Jianhui's reminder, and with the support of the huge Xinjian Department, the pressure was not too great.

Regarding the situation of Dongya and Daoheng, Li Jianhui said: "Real estate, you must pay attention to the behavior of big customers, avoid individual customers running away with money, and minimize your losses as much as possible.

You don’t need to worry too much about foreign exchange. In addition to your own preparations, Defeng Bank has prepared one billion U.S. dollars. Once your two banks are in a foreign exchange emergency, Defeng Bank will immediately support it.

In addition, this time I will keep an eye on Standard Chartered and HSBC to see if it is possible to pull one of them down. Although the right to issue banknotes in Hong Kong is not profitable, it is a right to speak. If there is a chance, we must also grasp the right to issue banknotes. "

Li Guobao and others are well aware that this opportunity is not easy. The issuance of Hong Kong dollars is different from the issuance of most currencies in the world. A sufficient amount of foreign exchange is needed as a guarantee here. This is also the reason why the Wall Street giants failed in Xiangjiang last time.

The Tung Wah Association wants to have the right to issue banknotes. At present, there are only two ways. One is to acquire Standard Chartered or HSBC, and the other is to obtain government approval and become the third bank with the right to issue banknotes in Hong Kong dollars.

The easiest thing here is to acquire Standard Chartered. The shareholders of this bank are very scattered. If Li Jianhui is determined, he will have the strength to win this bank.

In addition to coping with this crisis, Li Jianhui also asked various real estate companies under his control to continue to acquire land, and even companies that need to build headquarters can also take advantage of this round of crisis to reserve land in advance.

Li Jianhui, who came from his previous life, knows very well that he has been able to easily acquire land in the past few years. Once the joint statement is issued, the [-]-hectare limit will make countless small and medium-sized real estate companies leave the Xiangjiang real estate market. At that time, there will only be real estate The world of dragons.

Although the Donghua Club has already reserved a lot of land, Li Jianhui doesn't think too much about it at all. At worst, it will be handed over to Xinjian Vegetable Company to grow vegetables for the time being.

As long as this crisis is overcome, the market value of the major real estate companies under the Tung Wah Association will inevitably skyrocket, especially Xinjian Real Estate. Among other things, the few hundred hectares of land in Tianshuiwei is enough to make a lot of money.

(End of this chapter)