History of Hong Kong Island

Chapter 431 National Revitalization
Bank bosses heard that the chamber of commerce opened interest-free loans, and their restlessness cooled down. The first feeling was unbelievable, and the second was immeasurable gratitude!As for the so-called asset mortgage, as long as it can be redeemed with money afterwards, it is actually the concept of writing an IOU.

The Chamber of Commerce did not take the opportunity to offer high interest rates and merged banks, which not only provoked the mainstay of the Chinese-funded banking industry, but also made a return to the society.

If, after the bank has borrowed money, there is still a run on the bank and becomes insolvent, it is actually difficult to get back all the money borrowed.Because not all the three major banks of the chamber of commerce have the first creditor's rights, and the assets sold at a low price must be compensated to the first creditor first.

Of course, the chamber of commerce won't lose all its money, and won't get back a penny. It can still get back [-]% to [-]%.Cashing checks and bank notes in exchange for quotas does not give bank bosses an opportunity to arbitrage and prostitute bailout funds.

In fact, the bank bosses dare not do such extreme things, but there must be rules in everything, and there must be rules in bailing out the market.Several bank bosses brought part of the cashed checks, and immediately cashed the amount on the checks.

Qiu Degeng accepted the check and asked the bank clerk to take the bank owner to complete the mortgage procedures, and then lent the Eastern Bank's check.The bank bosses took the checks from the Eastern Bank to the counter to cash them, and then shipped them back to the bank to be cashed by the customers.

Most of the bank bosses did not bring checks to the chamber of commerce. Seeing that some bosses had already started to go through the formalities, they rushed back to the bank to get the checks.

Then I came to the guild hall with boxes of checks to borrow money.

From the moment Qiu Degeng set up the table to collect the checks, Xu Mingye, the boss of Yongtai Bank, had already started the process of saving the market. He handed over the check to Qiu Degeng. After completing the mortgage procedures, he received a cash check corresponding to the amount.

He carried the cash box and walked down the steps, just before the water tank in the middle hall, as if he remembered something, he stood there in a daze for a moment.Qiu Degeng glanced at him and felt a little weird. Just when he was suspicious, Boss Xu put the cash box on the ground, turned around and lifted up his gown, knelt on the ground, took off his hat, and knocked his head three times.

"despair!"

"despair!"

"despair!"

When Boss Xu knelt down, Qiu Degeng immediately got up from his chair to avoid it, and the rest of the bank bosses present were also stunned for a moment, dodging one way and looking at Boss Xu.Boss Xu said: "Thank you to the chamber of commerce for opening a storehouse to save the market and help our neighbors!"

Qiu Dezheng was about to urge Boss Xu to get up, but he saw that Boss Xu had stood up by himself, bowed and said, "Mr. Qiu, thank Chairman He, Boss He, and many directors of the chamber of commerce for me too."

Immediately, Boss Xu left in a hurry, Qiu De laughed even more, and understood that Xu Mingye was not kneeling down to him or Boss He, but kowtowing to a plaque on the hall pillar.I saw that on both sides of the middle hall there is a pair of couplets from the time when Chaoshan Chamber of Commerce was engraved. On the left, there are the characters "Stand up bravely, dare to be the first", and on the right, there is a sentence "Unity and Forge ahead, Neighbors live in harmony".

The words are written by Mr. Chu Weinan, the founder of Chaoshan Chamber of Commerce, when Chaoshan Chamber of Commerce was founded in the 40s.

Afterwards, Qiu Degeng sat down again and began to handle business, but before leaving, the bank bosses would bow deeply to the plaque in the middle hall as a salute.

The spirit of the Chamber of Commerce is seen in times of crisis, and the soul of the Chamber of Commerce is moldable together.

In the past, members only relied on the strength of the chamber of commerce, and no one took the word "national rejuvenation" seriously, and even many people subconsciously ignored the plaque. Only today's act of combining knowledge and action with practice by the chamber of commerce makes this signboard shine and give it a heavier weight.

Yongtai Silver.

Xu Mingye came to the door with a few Oriental Bank cash trucks, looked at the more than 200 customers who were blocking the door, and shouted, "Bosses, the bank will accept the cash for everyone immediately."

More than a dozen employees of Eastern Bank sent the cash boxes to the counter one by one.

Several detectives from the criminal team looked at the crowd with cigarettes in their mouths, watching out for any accidents.

In order to avoid frequent cash flow problems, He Dingxian specially signed an action order to mobilize more than [-] police officers from Hong Kong Island and Kowloon to escort the cash.Before there was a professional security company on Hong Kong Island, the police force had the responsibility to protect the safety of banks. Sending people with guns to escort large-scale cash transfers was a reasonable use of law enforcement power to bring services to the citizens, but they were not afraid of problems at all.

The customers who were still noisy before saw the police holding the cash boxes and sending them to the counter one by one, and the atmosphere calmed down immediately.

A Nanyang boss took more than 100 cash and left. Before leaving, he was still drinking tea in the bank, and said with a embarrassed smile: "Xu Sheng, the Mingde Bank went bankrupt this morning, and there are rumors that the small bank will go bankrupt and run away."

"My whole life is worth here, so I have to come here myself."

Xu Mingye solved the immediate crisis, and said with a smile: "Boss Zeng, I understand that the bank certificate of deposit allows you to withdraw freely. You can withdraw whenever you like, and deposit whenever you like."

"Xu is full of energy."

The boss of Nanyang patted him on the shoulder: "After working together for so many years, do I still believe you? I'm not afraid of you running away, but I'm just careful. There will be more opportunities for cooperation in the future after the limelight passes."

"Walk slowly."

Xu Mingye smiled and sent him out the door.

evening.

Five o'clock.

All the directors of the Chamber of Commerce returned to the guild hall, and set up a stove on the round wooden table in the middle hall, simmering dishes, lighting the side stove, and chatting about the turmoil in the industry.

"I chatted with Mr. Shao from the Shanghai Chamber of Commerce, Chairman Wang from the Chinese Chamber of Commerce, Chairman Dong from the Hakka Chamber of Commerce, and Chairman Chen from the Bamin Chamber of Commerce, and we reached a consensus." He Shanheng was wearing a gray suit and tie. After sitting on a chair, he did not rush to move his chopsticks. Members of the club will tide over the difficulties first."

"The Chinese Chamber of Commerce and Industry has heard the news and can provide us with 2000 million Hong Kong dollars for two years at a low interest rate."

He Dingxian picked up a few pieces of hanging dragon and chopsticks from the copper pot, stirred them in the sauce, and stuffed them into his mouth, but he couldn't help feeling disappointed.

The Chinese on Hong Kong Island do not have their own government and leaders, so it is really difficult to get things done.Borrowing the system of the Chamber of Commerce, no matter how big it is, it can only use the nostalgia to unite the fellow villagers in the region.It is necessary to unite all Chinese on Hong Kong Island and unite with the outside world.

difficult!
Because the Chinese in Hong Kong Island lack the highest level of legality, they are like lost souls, like orphans.

"At the end of the day, it's better to clear the snow in front of the door." He swallowed it with relish, and then picked up a few pieces of tripe and threw it into the pot.He Shanheng said ashamedly: "Sorry, He Sheng, because the banking industry has to mobilize too much funds, several chambers of commerce are quite concerned."

"Even if we know that a run has already started, it's hard to trust us. After all, the Guangdong Chamber of Commerce in the banking industry on Hong Kong Island is the largest, and other chambers of commerce are more willing to wait."

Zheng Yutong's face was displeased, and his temper was hot: "Fuck you, what are you waiting for, collect our corpses, or eat our meat?"

"When facing the British capital, do you understand that the Chinese capital is one and the same!"

"never mind."

He Dingxian waved his chopsticks, and said indifferently: "They can take care of themselves, as long as they don't cause us any trouble. Didn't they beg for 2000 million in the Federation of Trade Unions? Don't think too little of the free money. Others have no responsibility to give the money."

"Chairman He, you have worked hard."

He offered a cup of tea.

He Shanheng shook his head: "It's just a little thing."

"The responsibility lies."

Zheng Yutong said, "In just one afternoon, I've already purchased more than 500 million gold. If it wasn't for the jewelry business last year, Thurley's mother would have almost lost all of it."

He Shanheng said: "I have asked Hang Seng's salesman to write a special check and guard the vault 24 hours a day. During this time, Feng Changli is working in the hall on behalf of Hang Seng's accounts."

"no problem."

He Dingxian nodded in greeting. As for the little bit of jewelry business that Zheng Zhuo said, it was not a little bit, but directly marked with the diamond import license of the world's diamond industry monopoly company, the only product exporter "Deer Bess".

Became the sole distributor in Hong Kong, the Mainland and Haojiang.

Obtaining the status of regional monopoly will bring Chow Tai Fook to a whole new level.

Not only making gold, but also making diamonds, and the profits of diamonds are even higher.

The success of this move has established Chow Tai Fook's leading position in the precious metal and jewelry industry in Asia. For decades, other jewelry companies only match Chow Tai Fook's shoes.Li Guanchun said: "I will manage the accounts of Bank of East Asia myself."

"Haha."

"Okay, with Chairman Li coming forward, it will definitely be more thoughtful." He Dingxian said he had no objection while eating the meat.As long as they are willing to pay, it doesn't matter who comes forward to manage the accounts.What's more, the three banks have three separate accounts, but for every 1000 million Hong Kong dollars invested by the two banks to rescue the market, Eastern Bank has to invest 2000 million Hong Kong dollars.

This is not a rigid requirement, but paid according to the ratio of the fund reserve.No way, he shouted loudly to save the market, and then spent money from Hang Seng and Eastern Bank first, right?

At this time, the bosses of all the banks in the chamber of commerce had arrived one after another. In addition to the banks such as Shenglong, Fengyu, and Yongtai, there were also banks such as Daoheng, Guang'an, Yonglong, and Yuedong Trust.Among them, the boss of the bank is a big boss with two or three shareholders.

Banks with names and surnames are the chairman, the chairman and six or seven directors.There are a total of 37 formal banking companies registered by the Guangdong Provincial Chamber of Commerce, excluding gray companies such as loan sharks and pawns, but more than 100 people have come.

The helpers of the guild hall brought small stools to the members, and the members sat on the stools, sat upright, quietly waiting for the directors of the chamber of commerce to eat and drink enough, and then came to talk to them.Surrounding the middle hall, apart from the brave horse boy wearing a black shirt, there are more than a dozen plainclothes detectives led by Lan Gang, whether they are policemen, gangsters, or waists are all bulging. The atmosphere becomes more and more serious with more visitors.

In the picture, more than 100 bosses of the chamber of commerce sitting together are looking at a solemn couplet of carved pillars in front of them. Above it is a black plaque. Walking in a few steps, under the Chinese painting of "Great Plan Spreading Wings" in the middle hall, sit eight chamber directors of different ages and expressions in suits.

The directors are wearing suits and lighting fireside stoves. Some of them are smiling and popular, but without exception, they all have very sharp eyes and a strong aura.

(End of this chapter)