The Birth of the Hong Kong Island Family.

Chapter 310 [Dust Settled]

April 4th, Qingming Festival.

When employees at the Hang Seng Bank head office on Queen's Road in Central came to work, they were immediately shocked.I saw a dense line of people queuing outside the bank. The line was endless and I didn't know where it extended.

There were also many police officers who had heard the news and came to maintain order. The scene was extremely spectacular.

"Oh no, it's a run!" The bank employee suddenly wailed.

"What should we do? With so many people, how can our bank have so much cash flow!" complained an employee.

"Stop talking! Come to work quickly and prepare to deal with it! What can we ordinary employees do if something like this happens?" the employee could only say sadly.

Everyone hurriedly walked into the Hang Seng Bank Building, which was built just a few years ago, through the back door (employee passage), and they all had a bad feeling.After all, rumors that have been fermenting for so long will turn into a river of blood once they break out.

As soon as Hang Seng Bank opened its doors at nine o'clock in the morning, people poured into the lobby - withdrawing money and canceling accounts.

He Tian, ​​who came after hearing the news, was escorted by the staff to the door of the business hall and began to explain to the depositors: "Our bank has a good reputation and will never miss a penny for you. Our interest rate is so high, you Wouldn't it be better to deposit it in the bank and earn interest? It's really uneconomical to withdraw it now before it is due! We at Hang Seng Bank can afford to build a 22-story building, but we still owe you money? Our bank has very strong funds, so-and-so Jazz big shots have recently deposited large sums of money, this is our credibility!"

A lot was explained, but fell on deaf ears.

What's more, there were boos and curses.

"Where did you get the money? It's not our depositors' money. Where did you get the money to build the bank building? It's not our depositors' hard-earned money."

"That's right! How do you rely on your authority? It's not just a lump sum of money from our depositors."

"If you don't pay today, I'll break your bank!"

An excited aunt almost smashed something when she picked it up, but fortunately JC stopped it in time.

Even so, He Tian was so frightened that He Tian quickly evaded and fled in confusion under the escort of the staff.

He Tian returned to the office building and reported the matter to He Shanheng. At this time, everyone was anxious and anxious.

"We have a cash flow of 2.8 million Hong Kong dollars, and we will definitely be able to support it! Don't panic, ask the Hong Kong government for help immediately, and let the Hong Kong government, HSBC and Standard Chartered come out to stabilize the market sentiment. Guowei, please hurry up and handle this matter. You understand English!" He Shanheng said in a deep voice after calming down.

During the run in February, the Hong Kong government contributed a lot. For example, the governor of Hong Kong signed a decree, the British pound is also the legal currency of Hong Kong (the British pound can be withdrawn to depositors), and there is a temporary limit for depositors to withdraw money, etc.; The system broke out, and only a few companies were affected.

Li Guowei nodded and said, "Okay, I'll contact you right away!"

Generally speaking, HSBC and Standard Chartered Bank, as note-issuing banks, are equivalent to central banks. London once suggested that the Hong Kong government set up a central bank, but HSBC directly protested, and eventually the matter was ignored.

Moreover, HSBC and Standard Chartered are executive members of the Hong Kong Association of Banks, so they are obliged to maintain order in banks.Every time there is a bank run, they provide some support.

Of course, this support is limited, such as stabilizing military morale and providing a small amount of cash loans.

But Hong Kong's runs are so terrifying that they can wipe out a banker's decades of hard work in an instant.

He Shanheng arranged everything calmly, letting the senior executives have their own tasks. After everyone left, he sat down helplessly.

"What's wrong with us building a bank building? Could it be that the money from HSBC and Standard Chartered was brought here from London?"

"Why do these depositors always have trouble with Chinese banks?"

He Shanheng complained in a low voice about the injustice!
He needed to be calm and collected in front of his colleagues, but only then did he feel - it was really scary to squeeze out!
Hang Seng Bank has over 8 million in deposits. Even if half of it is withdrawn, it will be too much to bear.His only hope is that after the run occurs for a day or two, with the help of the Hong Kong government, HSBC and Standard Chartered, the run will stop.

In this way, Hang Seng Bank has escaped the disaster.

"nothing!"

Cheung Kong Industries.

On the third day of the run on Hang Seng Bank, its general manager, He Tian, ​​found Lin Zhichao’s office.

Logically speaking, Lin Zhichao should avoid seeing it. After all, he had promised Sandus not to interfere.However, Lin Zhichao likes to do things upright.

If he doesn't save, he won't save. He won't avoid it and fall into the inferior position.

"Sir Lin, you also know what's going on outside. Big Brother Shan asked me to ask for help. I hope you can help me again."

Lin Zhichao sat on the sofa with He Tian, ​​and said seriously: "I can no longer help you! He Sheng, I have a full 1 million funds to deal with you. This is already my greatest strength. Many of my funds are Investing in shipping is a bottomless hole. So I’m sorry!”

He Tian was immediately speechless. Before arriving, Brother Shan and he had analyzed that Lin Zhichao might not have the strength to save them.

Cheung Kong Industries and Cheung Kong Industries can indeed make money, but I heard that Global Shipping's debt is very high; Lin Zhichao borrowed heavily in order to rapidly develop shipping, thanks to the support of HSBC Bank.

"Lin Sheng, what do you think Hang Seng Bank should do?" He Tian said lonely.

Lin Zhichao shook his head and said: "I don't know what to do. After all, after three days, the scale of cash withdrawals at Hang Seng Bank has reached 2 million. And the number of people outside has not decreased. The line from Hang Seng Bank to Chater Garden is so long. I don’t know what to say about our team! If I really want to say it, Hang Seng Bank is still very popular, after all, there is no problem with the assets!”

He Tian raised his head fiercely and said, "Lin Sheng, are you talking about selling yourself?"

Lin Zhichao nodded, but didn't speak!

He doesn't get involved in this kind of thing.

The reason why He Tian is received is because everyone is a friend and he will not hide his head or hide his tail.

He Tian could only stand up and say goodbye!

He can't blame Lin Zhichao, a Chinese leader, for refusing to save him, because he supported him with a total of 1 million Hong Kong dollars.In other places, Hang Seng Bank has only raised a total of HK$5000 million.

What's more, when everyone was chatting together, Lin Zhichao also used Liao Chongxing Bank as an example, saying that Chinese-funded banks should be a warning.However, in recent years, the management of Hang Seng Bank has been too eager for success. They only saw the speed of surpassing Bank of East Asia, but did not see its hidden risks.

After He Tian left, Hu Zhaoxu walked in soon.

"Boss, land prices and house prices fell sharply in the first quarter of this year, by almost 30%."

Lin Zhichao raised his head and said: "This time, we are not in a hurry to buy the bottom, just wait patiently! But you still have to pay close attention to the market and report to me if there is any situation."

"Okay, I understand!"

Hu Zhaoxu is asked to monitor every move in the market, but Lin Zhichao estimates that this year he will only slightly consider bargain hunting; if the land price drops by half, he will buy less of what he likes.

The real bargain hunting was in 1967!
the other side.

After He Tian returned to the Hang Seng Bank Building, everyone saw his appearance and knew that their last hope was gone.

"Lin Sheng said that he has done his best to benevolent and righteous, and the current situation is not something he can save."

He Shanheng nodded and said: "Yes! There are only three ways before us now. The first is to accept the loan from Wanguo Baotong, the second is to be taken over by the Hong Kong government, and the third is to sell ourselves to HSBC."

Li Guowei said: "I'm afraid I won't be able to save Hang Seng Bank by accepting the loan from Universal Bank!"

Isn’t this a loan issue?

Moreover, after taking out the loan, Wan Guo Baotong will force you to repay the loan, and you don’t know what Hang Seng Bank will become in the end.

He Shanheng nodded and said: "So the first one is not feasible! As for the second one, it is even more impossible. Being taken over means preparing for bankruptcy."

Obviously, selling to HSBC is the best way.He Tian said: "We still have more than 7000 million yuan in cash flow. Should we wait until tomorrow?"

He Shanheng smiled bitterly and said: "It's okay to talk about it tomorrow, but it doesn't hurt to talk about it today!"

2.1 million Hong Kong dollars passed in three days, and 8000 million Hong Kong dollars passed on the first day; therefore, more than 7000 million can last more than one day.

He Tian added: "Actually, I always feel that Lin Zhichao's financial strength is more than this, otherwise why would he not care or be nervous at all about the [-] million in our bank account. You know, many large accounts have closed their accounts in advance."

He Shanheng waved his hand and said: "This is natural, but he can't save us with all his strength! If I can give us [-] million, we will accept his favor. And the reason why he is not worried about his funds is that he knows that HSBC wants to Eat us. So even if we are eaten, his funds will not be a problem."

He Tian added: "It makes sense. He told me today that he believes that Hang Seng Bank's assets are fine and that it is a hot commodity. It seems that he guessed that Hang Seng Bank will only consider selling to HSBC in the end!"

He Shanheng said: "He is very powerful. He can plan for everything beforehand and has a very vicious vision! Back then, he criticized Chinese banks, but he didn't expect it to come true today." After saying that, he couldn't help but feel lonely.

Everyone at Hang Seng Bank couldn't make up their mind and looked at He Shanheng.

"Wait until tomorrow! If it doesn't subside in the afternoon, then Guowei, go and talk to HSBC. 51% of the shares are worth HK$5100 million, which is a lot of money."

Two days later.

Hang Seng Bank was eventually taken over by HSBC, because there were too many people running out, even if Hang Seng Bank had 7000 million more cash than in the previous life, it would not help.

However, when the news spread that Hang Seng Bank was acquired by HSBC, the crowd that ran out of stocks quickly disappeared.

I have to admit that Hong Kong citizens trust HSBC far more than Chinese banks.

"Boss, Li Sheng is here!"

"Um"

Then, Li Gaofu walked in with a big belly. He had gained a lot of weight in the past few years. He was very rich and his family was prosperous.His first wife alone gave birth to two sons and two daughters for him. Seven or eight years ago, he married a concubine and gave birth to another son and two daughters for him.

"Sir Lin"

"Brother Gao Fu, come sit down and talk!"

Lin Zhichao was as enthusiastic as ever. Although everyone had their own careers and connections not long after Li Gaofu started working in real estate, everyone still got together occasionally to chat.

Li Gaofu has been doing very well in real estate in recent years. Fuhe Real Estate can barely rank among the top ten in Hong Kong's real estate industry, and Li Gaofu's assets are probably over 12 million.Only the Taiping Building in Central (5 floors, 22 square feet), the Fook Wo Building in Sheung Wan (19.8 floors, 26 square feet), and the Furui Building in Tsim Sha Tsui (26 floors, 5000 square feet). The value is more than [-] million.

Of course, this was last year's value. Property prices have fallen rapidly this year. The price of HK$2500 per square foot in Central has now dropped to HK$1500 per square foot, and it continues to fall.

It's a pity that there are no high-quality building properties for sale, otherwise Lin Zhichao would take action!Of course, there is nothing to regret, there is still a long time!
"You came to the company to see me on official business, right?" After drinking tea, Lin Zhichao took the lead in speaking.

Li Gaofu put down his tea cup, and then said with a bitter look on his face: "This real estate crash was too sudden. I still have a medium-sized real estate and a small real estate under construction. Funds are a little tight now, so I want to borrow 1 million from you. Emergency response.”

Lin Zhichao nodded and said: "For business to business, the interest will be calculated according to the bank's lowest 12%. I will ask Zhou Fuzhao to contact you later!"

Li Gaofu quickly expressed his gratitude and said: "This time I didn't understand the situation and made a mistake. Now the bank is urging me to repay the debt, so I can only come to you for help. In any case, complete these two properties first."

Nowadays, a small real estate requires a lot of investment. According to last year's land prices and construction fees, the investment for a building is more than 800 million Hong Kong dollars; a medium-sized real estate requires at least an investment of more than 3000 million Hong Kong dollars.

In addition to commercial real estate and development real estate, Li Gaofu's assets now also include purchasing properties abroad and starting trading and other businesses.So assets of over [-] million are one thing, but how much cash can be withdrawn is another.

This is why Lin Zhichao dares to say that no Chinese businessman in Hong Kong can come up with a cash flow of 2 million. He believes that if he can, his assets will be at least 10 billion.

Lin Zhichao said: "It's not too aggressive! Without my loan, it's not too difficult to get through the difficulties. But this bank run is indeed risky. I'm afraid there are many companies in Hong Kong that are liquidated and bankrupt."

No, at least four to five hundred companies will go bankrupt next year, including a large number of real estate developers.

Li Gaofu was frightened for a while and said: "I was a little greedy at the last moment. Even if I was greedy a year in advance, I wouldn't have insufficient cash flow now."

In fact, he did not escape the two real estate plummets, but the victory is not very aggressive.

Take this time as an example. Even if two properties with an investment of more than 4000 million yuan were sold at half price, the loss would only be 2000 million yuan, which is not a large proportion of the total assets.

Seeing Li Gaofu's appearance, Lin Zhichao felt that he had no hope of competing for the "Five Real Estate Tigers".

First, investing in too much commercial real estate takes up a lot of funds.

Second, he leaves 30% of each property for rent, which makes the return on investment slow.

Third, in both crises, he 'jumped in' at the last moment, which shows that he is not very visionary.

However, although Li Gaofu's model cannot make him a first-rate wealthy family in Hong Kong, it is not bad to become a second-rate wealthy family, similar to the Ma Jincan family and the Liao Baoshan family.

Lin Zhichao said: "It is normal to have losses and wins in the market. The most important thing is to keep your trump cards to avoid losing everything. You have a lot of diversified assets now, but you also have a lot of trump cards, so there is no need to be depressed."

He comforted Li Gaofu that there was no need to worry.

Li Gaofu asked at this time: "What do you think of the real estate market outlook?"

Lin Zhichao said with a smile: "Goods are rotating, if the property in your hand can be sold, then sell it. You already need to borrow money, which means you must have goods rotating and selling to get cash flow. As for the market outlook, Who can be [-]% sure, just don’t borrow money to develop it!”

In fact, it has been revealed that this time was different from 1957, and it took a year and a half for the situation to recover.

In fact, real estate fell by 30~50% this year, and will recover slightly in the first half of next year. However, due to the affairs in the mainland in May and June, real estate will be in a wait-and-see situation, so it will not recover; until the year after next (1967), it will be hell on earth. .

Therefore, in Li Gaofu's case, the best thing is to sell it if you can.

Although the price of this kind of real estate has plummeted, there are still some sales. After all, some people just need it.

"Okay, I understand!" Li Gaofu also said modestly.

Although he is in his 40s this year, his admiration for Lin Zhichao has always existed. Because of this, it helped him offset two disasters.

During the crashes of 1957 and 1965, countless real estate developers disappeared. Although he suffered a slight loss, it was not fatal, or even seriously damaged.

The reason why I need to borrow money this time is because I have invested 2600 million yuan in the medium-sized site in my hand just for the land fee, and with the construction fee, the investment is nearly 4000 million yuan.One-third of the site was already built and was being prepared for sale when this happened.

The cooperative bank forced him to repay the debt, so he could only come to Lin Zhichao to borrow some money.

"Just in time, let's go to Zhihao's place for lunch and try their abalone!"

"Well, this kid Zhichao has also become successful and revitalized the Fulin Hotel! Fulin's abalone has also begun to gain some fame in Hong Kong!"

"Haha, this kid has been scolded by me many times and has made some progress. As for the business, it can only be said that it has survived with the care we gave him."

After all, he is his cousin, so Lin Zhichao is still happy to take care of him. Occasionally, he takes his friends to take care of him. Gradually, relying on everyone's care, plus the selection and research of overseas abalone, he finally manages to have his own characteristics.

Therefore, business began to improve, and I was able to survive in a high-end hotel.

However, Lin Zhihao was not a professional chef after all, so Fulin Hotel was destined to be classier than the later Regal Hotel - Fulinmen.Because of this, this hotel is nothing more than a testing stone.

Lin Zhichao is testing Lin Zhihao. When he runs the business for another three or four years, he will still have to engage in Chinese fast food.After all, if Hong Kong's Chinese fast food is done well and becomes No. 1, it can become a listed company; after listing, it can also be considered a way to develop into a catering kingdom.

The reason why Lin Zhichao is keen is because he can own 50% of the shares, otherwise his cousin would not be happy to take care of it.

(End of this chapter)