The Birth of the Hong Kong Island Family.

Chapter 308 [Reappearance of Bank Run]

In the evening, Lin Zhichao and his family were enjoying dinner. Except for the eldest son Lin Ruihuan who was in the third year of high school in the United States, the rest gathered together.Moreover, unknowingly, the children are already half-grown children, which is very gratifying.

If the family is not important to Lin Zhichao, then he doesn't need to work so hard at all; what to do with so much money, he already has enough to spend.

所以，每次看到这些孩子们，他都比较满意和欣慰。大儿子林瑞寰16岁、二儿子林瑞江14岁、三儿子林瑞海13岁、四儿子林瑞楷和五儿子林瑞东11岁、大女儿林婉珠10岁、小女儿林慧珠8岁、六儿子林瑞诚和七儿子林瑞南7岁。

During the dinner, the most exciting thing was that Lin Ruihuan called back from the United States today to inform him that he had received the admission notice from Harvard and became the first batch of high school students to be admitted to Harvard.

Xu Caiying said happily: "The boss is really competitive. He went to Harvard University at the age of 16 and graduated from a prestigious school at the age of 20. In a few years, he can join the family business to help."

She is really happy for her sister, and she has always regarded Lin Ruihuan and other big house girls as her own children.

Lin Zhichao sipped the Romanée-Conti in the wine glass, shook his head slowly, and said: "I hope he can get a master's degree and come back. After all, it may not be a good thing to join the workforce at a young age. People should enjoy being a student while they are young. Life, learning more campus knowledge is very important for a lifetime."

Lin Ruihuan majored in business administration. He always followed the advice of Lin Zhichao and Tang Caiyun and worked calmly and orderly.

Later generations are not afraid of the rich second generation chewing the old, but they are afraid of the rich second generation starting their own business. This sentence confirms that it is a little bit the same in the Lin Zhichao family; of course, what Lin Zhichao really means is that he hopes these children can assist him in his career. , after he retired, he continued his investment methods and directions and continued to develop the company.

Seeking stability is the most important thing!

"Dad, you are going to send me to Canada next year, and I have to go to high school there. Isn't that a bit cruel!" Lin Ruijiang, the second child, suddenly protested.

When adults talk, children automatically shut up or whisper. This is the rule of Lin Zhichao's family.Because of this, these children are only allowed to eat independently at the adult table when they are about five or six years old.If you do not perform well during the period, you may be sent back and return again after passing the exam.

But there is one child who is quite unique, and that is the second child, Lin Ruijiang, who was sent back when he was 12 years old. It didn't stop until his younger siblings were all at the table.

Tang Caiyun spoke first: "Your elder brother went to New York to study at the age of 13, so why can't you go to study at the age of 15?"

Lin Ruijiang said: "It's different! My dad often travels to New York, and my elder brother has a host family, and Vancouver is so strange! Even if I finish Form [-] and then go to university, I have no objection." ah!"

Tang Caiyun was about to teach him a lesson. Lin Zhichao immediately put one hand on Tang Caiyun's wrist, and then said with a smile: "You have a cheerful personality, and you can eat well wherever you go. It is true that I rarely go to Vancouver, but it doesn't mean that I will go less in the future. You Go and make a stand for your old man first, maybe you can be a tourist guide for me in the future. As for the matter of homestay, I will take care of it for you as soon as possible, so you can rest assured that you will not be allowed to go to boarding school."

He also has friends in Canada, and he will ask about the situation later; even if there is no suitable host family, then buying a property and hiring a servant and a housekeeper are the same.

The advantage of a host family is that it is easier to integrate into the local life. After all, there are friends (children of the host) who live together; moreover, the host couple will also assume the responsibility of guardians, so that the children are not easy to go astray.

When Lin Ruijiang heard what his father said, he immediately beamed and said, "If my father thinks so, then I definitely have no objection! Don't worry, I won't embarrass you when I go there. Study hard!"

He is talented and intelligent, but his attention is not concentrated enough, and he is easily disturbed by external objects; he likes to make friends, and even likes to show off; over the years, the classmates and friends he brought into the Lychee Garden may not be 500 or [-], and it is possible at one time. Just bring seven or eight people, or even a dozen or twenty people.

Tang Caiyun said angrily: "How dare you object! It's just reading, what do you think you are going to do!"

Lin Ruijiang didn't say anything, he just protested a little bit, if Laodou and Mommy were a little more authoritarian, he didn't dare to compete.

At this time, Audrey said with a smile: "Los Angeles is very close to Vancouver. It only takes more than three hours. You can come to Los Angeles when you have time on the weekends, or I can bring your two brothers to visit you."

Lin Ruijiang immediately said respectfully: "Thank you, Third Mom!"

He can still tell the difference between people, and if he dares to disrespect the second mother and the third mother, his father will be really angry.

Lin Zhichao is very satisfied with his family, which has truly united. As long as he is around, the family will not fall apart. As for his absence in the future, he cannot worry about it, but the family will continue to inherit the layout laid out over the years.

"Second brother, I will go to London to study in high school next year!" Lin Ruihai said suddenly.

The implication is that I am one year younger than you, and I will be in high school next year (14 years old).

Lin Ruijiang suddenly said rudely: "London is very familiar to Hong Kong people. What are you worried about? I'm going to Vancouver, I don't know what it will be like there! So, just be content! "

Everyone laughed, the two brothers were so close to each other that they were fighting like this!

Lin Zhichao sent his three sons to study in three places, which can be said to have his own plans.

First, Lin Ruijiang may get a citizenship while studying in Vancouver, which will help develop his career in Canada and even North America in the future;
Secondly, Hong Kong was not at peace the year after, so having three sons overseas could be considered a diversification of risks; therefore, this was the reason why Lin Zhichao, Lin Ruijiang and Lin Ruhai went to high school overseas.

The remaining children are too young, the oldest is only 13 years old, so they are still unable to study abroad. They can spend at most two months abroad during the summer vacation.

Another two weeks have passed and it is already a week before the Spring Festival.Hong Kong has been immersed in the joy of the Lunar New Year, and the festive atmosphere of the Chinese New Year can be seen everywhere.

"Boss, there was a run on Mingde Bank this afternoon!" Hu Zhaoxu came to Lin Zhichao's office and reported an outside situation.

Lin Zhichao suddenly raised his head and asked, "Why did it start in the afternoon?"

He only knew that there would be bank runs in Hong Kong this year, but he did not know the specific circumstances.

Hu Zhaoxu often runs outside, and any disturbance in the market cannot escape his eyes and ears.

He said seriously: "In mid-January, according to the usual seasonal demand for currency in the market, the bank's money began to be tight. At that time, there were already rumors about the financial difficulties of Mingde Bank. Last Saturday , the US dollar checks issued by Mingde with a total value of 700 million Hong Kong dollars were rejected. This morning, some large customers took checks to the head office of Mingde Bank in the Central District. The bank did not have enough cash to pay. Once the news spread, there were reports Thousands of people rushed to the head office of Mingde Bank."

Lin Zhichao put aside things and became concerned about this matter.However, his trust in Chinese banks is only based on Bank of East Asia and Hang Seng Bank, because these two banks are the largest.Although there was a run on Hang Seng Bank, HSBC would rescue him after all.

"Hong Kong's real estate market has already fallen at the end of last year and the beginning of this year!"

Hu Zhaoxu nodded and said, "That's right! Hong Kong real estate has indeed been falling recently!"

I believe some real estate developers can see this very subtle phenomenon, but they won't take it to heart, or they're ready to go.

Lin Zhichao then sighed: "This run, I'm afraid it's no longer a bad luck for one family. Over the years, the major Chinese banks in Hong Kong have invested money in real estate and piled up Hong Kong real estate. Now I'm afraid it will be a multi-bone effect, and they will die. ah!"

Hu Zhaoxu's heart trembled. According to the boss, this incident was much more serious than the run on Liao Chongxing Bank!
"Then real estate will also plummet!"

"It won't go up anyway! Think about it, where did the Mingde Bank's money go?"

Hu Zhaoxu thought for a while, and said: "Mingde Bank is directly involved in investing in real estate. There are many real estate projects under construction. I am afraid that there will be an investment of 3000 to [-] million!"

Lin Zhichao said: "That's right! The deposits of such a small bank are only more than 1000 million Hong Kong dollars, and the assets may only be 2000 million Hong Kong dollars. Now that he can't get the money to exchange checks, he can only be taken over by the Hong Kong government, because he The real estate projects cannot be sold, and there is no money to continue construction. Moreover, the asset value will depreciate due to the sharp decline in real estate. In the end, the shareholders may be seriously injured, the net worth will be reduced by at least 1961%, and the bank account will be canceled by the Hong Kong government. . With all the chain reactions, how can real estate be as strong as it was during the Liao Chuangxing bankruptcies in [-]?"

In essence, Mingde Bank has a positive number of assets; however, its real estate needs funds to start construction, and it cannot be sold temporarily. In the end, it can only use the Hong Kong government to advance funds to complete the real estate project first, and then sell it. The boss of Mingde Bank settled.

But it is conceivable that the house price will be cut by about half this year. In order to get back the advance payment as soon as possible, the Hong Kong government will not care how cheap the price is and sell it.

Therefore, in the end, I am afraid that there will be very little left for the boss of Mingde Bank.

"It makes sense! The key is that there is still an imbalance between supply and demand in real estate. Coupled with the bank's domino effect, I'm afraid it will be dangerous again this time!" Hu Zhaoxu couldn't help but admire his boss's foresight and likes to use data and market trends to analyze future risks.Lin Zhichao said: "There is no way! We will also have to lose a lot of money, after all, the rent will also fall!"

In fact, Lin Zhichao had a meeting with the commercial real estate department last year. If the lease period can be signed for a long time, if the contract is as long as possible, he can afford a discount.Of course, customers cannot be forced to sign long-term contracts.

But after setting the tone in this way, many customers have chosen a three-year long contract, because in their opinion, why not if it can be cheaper?And, what if the rent goes up?After all, rents have been rising over the years.

Finally, Lin Zhichao told Hu Zhaoxu: "Pay more attention to the market and report to me!"

"Ok!"

After Hu Zhaoxu left, Lin Zhichao sat in his seat and thought.

By 1970, the Cheung Kong Group also reorganized its assets, grouping the listed assets into the 'Cheung Kong Group (after the Changjiang Group was renamed)' and the unlisted assets into 'Times Land (after the Changjiang Group was renamed)'.

The next day, crowds of people withdrawing money crowded in front of the head office of Mingde Bank.

At 12 noon, the Hong Kong Government Banking Supervisory Commissioner announced that it would take over the Mingde Bank in accordance with Article 13 of the Banking Ordinance.

The wave of runs on Mingde banks set off the first wave of the 1965 banking crisis.

However, as the Spring Festival approaches, many banks may not think too much about it.

I think that just like Liao Chuang Hing Bank in those days, it is a dead Taoist friend rather than a poor Taoist.

As everyone knows, after the Spring Festival, a bank run storm that has lasted for nearly a year will hit, overwhelming Chinese banks.At the same time, the real estate industry plummeted, and hundreds of companies across Hong Kong were declared bankrupt by the courts.

Although Lin Zhichao knew about these things, he would not interfere. After all, this was also beneficial to him.

If real estate does not fall, how can he buy the bottom?

What's more, these Chinese-funded banks definitely deserve it. They regard depositors' money as their own money. In the end, it is the depositors who are unlucky!Why Hong Kong people trust HSBC and Standard Chartered Bank is not just because they are British-owned, but because they are strong, reputable and follow banking rules and regulations.

Of course, the only one he has a relationship with is Hang Seng Bank, but Hang Seng Bank is too big, with an estimated deposit of HK$70 billion. Last year, it surpassed Bank of East Asia and became the largest Chinese bank in Hong Kong.However, Hang Seng Bank also lends out about [-]% of its total loans, and the proportion of real estate loans is quite high.

Once a run occurs, Hang Seng Bank estimates that it will need at least 4 million additional Hong Kong dollars to cope with it!
Of course, Lin Zhichao would not be so stupid. He spent 4 million Hong Kong dollars to save the Hang Seng Bank. Didn't he fully expose his strength.From now on, it's time for British capital to guard against him.

What's more, even if Lin Zhichao lent them money, Hang Seng Bank would be seriously injured, and there would be no development prospects in his previous life; in comparison, Hang Seng Bank would only have development prospects if he sold himself to HSBC, and the founders would not suffer.

Lin Zhichao deposited 5000 million Hong Kong dollars in Hang Seng Bank, which happened to expire in February, so he just didn't want to withdraw it at that time!If He Shanheng and He Tianlai borrow money, the amount can only be 3000 million Hong Kong dollars, which is more in line with Lin Zhichao's net worth, and it can be regarded as a friend of everyone.

Lunar New Year 28, Saturday, it is advisable to move to a new house.

On this day, No. 80 Deep Water Bay was officially opened. After five years of construction, this 2-square-foot villa was finally completed; so we picked a good day and officially moved into a new house.

Of course, Xu Caiying still decided to live in Villa No. 79, Deep Water Bay, and No. 80, Deep Water Bay, as a place to live occasionally.

After all, sisters Tang Caiyun and Xu Caiying have such a good relationship, so they are naturally reluctant to part.

On the day of moving to the new house, Lin Zhichao only invited his father-in-law's family and held a simple ceremony, which was relatively low-key.

"Brother-in-law is indeed a real estate developer. Each of the villas he designed is more beautiful than the last!" Tang Xianqian took his wife and flattered Lin Zhichao.

Lin Zhichao said with a smile: "I just drew a sketch. I don't have time to actually design it. On the contrary, it is your second sister who has been involved in the design of this villa. So, you are praising the wrong person!"

Xu Caiying looked at her younger brother with interest, as if if you don't come back happy today, your younger siblings will inevitably suffer in front of you.

Tang Xianqian said hastily: "Brother-in-law designed the exterior beautifully, and the second sister participated in the design of the interior is also very tasteful. Your husband and wife cooperated with each other to create such a beautiful villa."

"Your reaction is quick!" Xu Caiying said with satisfaction.

"Haha" everyone laughed.

Tang Xianqian said with a bitter face: "Second sister, I am also a father now, can you give me some face in the future!"

Xu Caiying had a cheerful personality, and immediately said to her siblings: "Alan, what do you think?"

Tang Xianqian's wife, Qin Lan, immediately said: "Second sister, if he becomes a father again, he will also be your own younger brother. Of course I have no objection!"

Everyone laughed again!
Qin Lan is a smart person. In these two joint families, even her father-in-law is 'submissive' to her brother-in-law. How can she not please her two sisters?

After everyone chatted and laughed, Lin Zhichao invited his father-in-law and his two wives and brothers to sit together and talk about things.

He is Tang Zhongyuan's career advisor, and everyone talked about a lot of things, and the relationship is also very good.

"Father-in-law, brother, how is the business in Nigeria?"

Tang Zhongyuan glanced at the eldest son, meaning that you are here to report to your brother-in-law.

Tang Xianqian is almost 30 years old this year. He already has a son, and his wife Qin Lan is pregnant again.In terms of business, Tang Xianqian has been assisting Tang Bingyuan in managing the textile industry, and Tang's textiles have developed in Nigeria, Sing Tao, Malaysia, Hong Kong and other places.Among them, Nigeria and Hong Kong are undoubtedly key areas for development.

"Brother-in-law, the textile industry over there has developed very smoothly. Since Nigeria established a federal state in October 1963, the demand for foreign capital has been very strong. We took the opportunity to expand our investment there by nearly double. At present, we already have nine textile factories. , two dyeing factories, and one garment factory. Recently, we are investing in a large-scale factory, covering an area of ​​10 acres, with more than 76 textile machines, and it is expected to recruit 2000 employees, with a daily output of 6000 million yards of printed and dyed cloth."

The more Tang Xianqian talked, the more excited he became. After all, Nigeria is really a blessed land.

Lin Zhichao was very calm and asked, "Is the investment amount large?"

Tang Xianqian replied: "It was all earned in Nigeria in the early stage. We did not get it back and planned to continue investing. In fact, because we went to Nigeria to invest very early (in 1959), we now have a very strong advantage. Last year when we came to Nigeria The Cha Jimin family is also very interested in attracting investment in Hong Kong, but they heard that we have grown so big, we can only be envious."

It is normal for Nigeria to be a member of the Commonwealth of Nations to attract investment in the Commonwealth of Nations.Moreover, under the suggestion of economists, Nigeria is "import substitution industrialization", which imposes heavy taxes on foreign products or prohibits foreign products, but encourages foreigners to come to Nigeria to set up factories, which can not only avoid high tariffs, but also enjoy various products. Policy preferences and subsidies.

"Well, now, one of you two brothers helps your father-in-law take care of the textiles, and the other helps your father-in-law take care of the garments. They are good right-hand men. Brothers should unite in the future and work together to develop the company." Lin Zhichao said gratified.

This tone is almost that of an elder, and of course it can also be said to be the taste of a senior businessman.

"Yes, brother-in-law!" The two brothers said in unison.The attitude is very good, maybe it is more effective than their old man's words.

People worship the strong, and their brother-in-law is the strong.

A few men chatted about their careers, and they were very speculative. Although Lin Zhichao didn't do textiles, he always liked to learn, so he also learned about this industry.

(End of this chapter)