Through the wealth life

Chapter 462 The Choices of the Banks
After the Li Guangyu Financial Group meeting ended, Wing Hang Bank broke away from Tianyu Financial Group the next day and announced to the outside that Feng Jingyao became the largest shareholder of Wing Hang Bank and was no longer under the management of Tianyu Financial Group.

This news shocked the senior executives of Xiangjiang. They didn't believe that Li Guangyu would give up Wing Hang Bank so easily after he worked so hard at the beginning. They believed that the Li consortium was secretly preparing some actions in the back.

Afterwards, Feng Jingyao's actions let them know that this must be Li Guangyu's deliberate action. Obviously, Li Guangyu wanted Wing Hang Bank to avoid the influence of Li's consortium and move closer to the mainland.

Those who watched the excitement didn't care about this, but Li Guobao of the Bank of East Asia and Chen Youqing of the Hongkong Asian Commercial Bank paid attention to the actions of Wing Hang Bank and Tianyu Bank.

Especially when they heard that many customers were discussing the news that Tianyu and Wing Hang Bank's real estate business and mortgage loan business in the real estate market were very difficult to handle, it also raised their hearts.

They knew that after the Li Guangyu Financial Group meeting, the two banks tightened their grip on this aspect, which meant that the collapse of the real estate market was getting closer.

Their two banks have a lot of Chinese-funded families handling business, and many of them are related to real estate.Once the property market suddenly collapses, if their funds cannot keep up, the two major banking industries will be implicated.

After Li Guobao received the news, he immediately convened a high-level meeting of the bank to make new requirements on the housing loans of Xiangjiang Real Estate Company and the real estate market, and implemented a policy of over-collecting and under-loaning to deal with the coming crisis.

After Chen Youqing heard the news, he also adopted a similar policy to avoid huge losses to his bank.

Just because Li Guangyu took the initiative and followed up with the Bank of East Asia and Heung Kong Asian Commercial Bank, many small and medium real estate companies fell into the embarrassment of loan difficulties. Many people were very dissatisfied with Li Guangyu, and even cursed in private .

At this time, the major banks in Xiangjiang began to divide. Some families who sought insurance chose to follow suit, and followed Li Guangyu and the others to tighten loans to real estate companies in order to cope with possible storms.

Some banks are different. At this time, because Li Guangyu and his customers are unable to handle loan business, these banks began to contact these customers and let them go to their banks to handle business, but raised the interest rate a little.

On the morning of February 2th, Li Guangyu was in the office listening to Gan Qin's report on the developments of the major banks in the past few days. Among them, he was particularly concerned about the developments of the two major banks, HSBC and Standard Chartered. Li Guangyu didn't care about the actions of other banks. Coslight's only competitors are HSBC and Standard Chartered.

Gan Qin said: "Li Sheng, after the implementation of the new regulations, our business has still had some impact. I am afraid that some customers will be lost."

Li Guangyu didn't care much about the part of the people who were lost. He knew that at this time he was still diving headlong into the real estate market without strong financial support behind him, and the only way to go was bankruptcy, so his own bank would not take over the bad debts.

Li Guangyu said, "Have HSBC and Standard Chartered made any moves?"

"Li Sheng, no adjustments have been made there. It is still the same as before. We don't know what Shen Bi and George Lavin are thinking. They don't seem to be worried about any problems in the real estate industry." Gan Qin replied.

Li Guangyu was even happier when he heard that, as long as they continue to lend money, there will be problems in the Hong Kong property market, and they will be in a hurry, and this time, many unapproved customers from his own side, Bank of East Asia, and Hong Kong Asian Commercial Bank will definitely Find their bank, and you will have a look at the following things.

Li Guangyu knew very well that with the collapse of the real estate market this time, a series of crises would follow, and the banking industry was a hard-hit area. By then, many banks would go bankrupt.

Li Guangyu said: "You instruct our people to continue to pay attention to the movements of these two major banks, and report to me immediately if there is any news."

Not long after Gan Qin left, she came to Li Guangyu again and said to him, "Sheng Li, Mr. Feng Jingxi has arrived at the front desk of the building. May I ask if you have time?"

"You ask Feng Sheng, the receptionist, to come to my office immediately, and you go and make a pot of tea."

After Ganqin went out, Li Guangyu thought about Feng Jingxi's purpose for coming this time. This person didn't have a close relationship with him, so this sudden visit made him a little confused.

After Feng Jingxi and Li Guangyu sat opposite each other in the reception area, Feng Jingxi said: "Guangyu, I took the liberty to come here this time, mainly to ask you what you think of Xiangjiang's property market this year."

Feng Jingxi Sun Hung Kai obtained the banking license of Xiangjiang in January, and now has established 6 branches in Central, Kowloon, Mong Kok and other places.

It's just that I didn't expect that not long after my own bank was established, some banks led by the Li's consortium began to tighten loans in real estate.Originally, his new bank was a good time to attract customers, but he didn't dare to make this decision. He still believed in Li Guangyu's vision.

After thinking about it, he still came to Li's Building, wanting to hear Li Guangyu's opinion again.In fact, he knew in his heart that the inquiry this time would have the same result. He was just a little unwilling. Seeing so many customers who came, he had no choice but to reject the door, feeling very uncomfortable.

Li Guangyu also knew that Sun Hung Kai Bank was just established when it needed customers, and Hong Kong's largest customer base was in real estate. If these customers were rejected, it would be impossible for Sun Hung Kai Bank to develop rapidly.

Li Guangyu said: "Uncle Feng, you are also aware of the current situation in Xiangjiang. Coupled with the inflated housing prices and rising vacancy rate, a slight disturbance will cause turmoil in the property market. Our bank has to take precautions."

As an old friend of Lee Shau Kee and Guo Desheng, and also one of the founders of Sun Hung Kai Properties, Feng Jingxi is also aware of the current status of the Hong Kong property market. It is just that his bank is newly opened and he needs customers to join him, which makes him always want to take a gamble. What if there is no volatility in the property market.

Fortunately, he is still rational, he did not make this decision.He said: "Guangyu, I don't know what advice you have for our bank, and I ask you to give advice to Sun Hung Kai Bank."

Li Guangyu really didn't have a good solution, he couldn't give up his banking business to him.

Li Guangyu thought for a while and said: "Uncle Feng, in terms of real estate, I suggest that your bank should not lend too much money. You can look at Xiangjiang Industrial, especially those who are going to build factories in the mainland. They are relatively The risk is lower, and the cheap labor in mainland China makes the products of these companies very competitive in various regions.”

After listening to Li Guangyu's suggestion, Feng Jingxi felt that he could do it, but the difference between those businesses and the real estate side was really big.He felt very annoyed at the establishment of the bank at this time. If his customers had been stable a few years earlier, and a year or two later, he would not have to suffer so much.

Feng Jingxi also knew that Li Guangyu would not cede the business of Sun Hung Kai Properties Group and Shau Kee Group to him, so he did not say so. After chatting with Li Guangyu about the financial situation in Hong Kong for a while, he said goodbye to Li Guangyu and left.

(End of this chapter)