Hong Kong Giant Owl: Rebirth

Chapter 897

In fact, there was a banking crisis in Hong Kong as early as [-]. The banking crisis at that time was said to be the largest in Hong Kong's history, and it was an "unprecedented banking crisis".However, from the perspective of later history, it was only the prelude to a larger banking crisis.

On the eve of the Spring Festival in 700, there were already rumors circulating in the market that one of the Chinese banks in Hong Kong, Mingde Bank, had financial difficulties. In January, Mingde Bank issued a total of [-] million Hong Kong dollars The US dollar check was rejected. A few days later, some big customers took the check to Mingde Bank to cash it, but Mingde Bank did not have enough cash to pay.

As the news spread, customers of all sizes flocked to the bank, which directly led to a run on the head office and branches of Mingde Bank.

Mingde Bank could not last for a few days, and the Hong Kong government's bank supervisory commissioner announced to take over Mingde Bank, announcing the bankruptcy of Mingde Bank.

Next, Guangdong Trust and Commercial Bank, which is also a Chinese-funded bank, became the second target of the run.In February [-], there was a run on the Aberdeen branch of Guangdong Trust and Commercial Bank. More than a thousand people were waiting to withdraw money, most of whom were fishermen.

Even though the Hong Kong government has successively issued statements guaranteeing that Guangdong Trust Bank has sufficient funds, the official assurances have had no effect.Rumors about the funding difficulties of local Chinese-owned banks spread like wildfire throughout the banking industry.

Following Guangdong Trust Bank, the run-on trend spread to Hang Seng Bank, Guangan Bank, Dao Heng Bank and Longsheng Bank.

It can be said that in the first quarter of [-], the Chinese banks in Hong Kong were all suffering from a huge crisis.

"Heh heh heh... It's just some unknown rumors, and it brought back the Chinese Bank, which has been struggling for decades, to its original shape."

In an office on the upper floors of the New World Building, Bao Yugang stood in front of the huge floor-to-ceiling windows, smoking a cigar while overlooking the scenery of Hong Kong Island, and said with emotion.

Qin Haoran was standing next to him, also looking at the rapidly developing city below.

After listening to Bao Yugang's words, Qin Haoran said: "Actually, it's not all because of those rumors. Just like the report made by Tomkins last year, there are many problems in Chinese-funded banks. For example Many Chinese-funded banks are family-owned enterprises. They often combine banking business with the directors’ family businesses, which affects the security of bank deposits. In addition, many Chinese-funded banks make high-risk investments , Excessive lending and investment in real estate and stocks, this is not a good phenomenon.”

"You are right, but now it is clear that the British are taking the opportunity to suppress our Chinese banks!" Bao Yugang said: "They are afraid that our Chinese banks will break their advantage and take away their market! If it's open swords and clear guns, there's nothing to say, but this time, they are so despicable!"

Qin Haoran smiled and shook his head: "Brother Bao, you have been in business for so many years, don't you think you can't see through it? This business field is a battlefield, and we use all kinds of methods to deal with the enemy. .”

Bao Yugang glanced at Qin Haoran: "Are you trying to excuse those British people?"

"Of course not, you know me, I'm a stubborn and narrow-minded nationalist." Qin Haoran chuckled: "I just blame those Chinese banks, if they hadn't been so aggressive, if they hadn't made such a big hole How could it be so easy to get hit so easily after being exposed. But..."

Qin Haoran took a sip of boiling water, the smile on his face restrained, and he continued: "However, Hang Seng Bank is the most promising Chinese bank among the Chinese banks, and it is also the Chinese bank with the most potential to compete with HSBC. I dare to conclude that the previous crises of those smaller Chinese-funded banks were all prepared for them to deal with Hang Seng Bank!"

"Then what do you want to do?" Bao Yugang vaguely guessed that Qin Haoran already had a countermeasure.

Qin Haoran looked at Bao Yugang, and said with a smile: "Brother Bao, if I make a move, it will completely destroy Sanders' plan. You have a good friendship with him, and you just watch his plan come to nothing?"

"Aren't you farting! You guys are the only ones who can be considered brothers. That guy Sanders is just a casual acquaintance with me at most." Bao Yugang snorted and said, "What's more, this matter has nothing to do with it." It doesn't matter to me, even if he blames me, I'm not afraid."

Over the past few years, Baoyu Port's business has also developed very rapidly. His shipping company has already covered the whole world, especially in Asia. It has become the most powerful company, and people in the industry have already begun He was called "Ship King".

The name of "Ship King" has now officially begun to spread.

Moreover, in the past, Baoyugang relied heavily on HSBC, and often needed to raise funds through HSBC.However, with Qin Haoran's support over the years, Bao Yugang has rarely turned to HSBC for funding.

As for the friendship between Bao Yugang and Sanders, it is just a personal friendship and will not affect this matter.

"Haoran, can you help Hang Seng Bank?" Bao Yugang asked Qin Haoran.

But Qin Haoran shook his head and said: "Now, Hang Seng Bank can't stand up on its own. However, to completely get Hang Seng Bank out of this predicament, it needs at least five to six million Hong Kong dollars in funds. This Not just to help them cope with the run, but to restore public confidence in Hang Seng Bank."

Hearing what Qin Haoran said, Bao Yugang knew that he must have decided to make a move.But according to what Qin Haoran meant, he didn't want to help Hang Seng Bank for free.After all, even if Hang Seng Bank does a good job, if there is not enough profit in business, no one will lend a helping hand.

What's more, the situation has become clear now that this is a series of suppressions by British banks led by HSBC against Chinese banks.Hang Seng Bank is now the leader of Chinese-funded banks, so HSBC will suppress this leader, thereby suppressing the entire Chinese-funded banks.

Going to help Hang Seng Bank means confronting the entire British banking group headed by HSBC. In Hong Kong, I am afraid that not many people have the courage and courage.

"If the problem worsens, Hang Seng Bank will have to sell its own shares in exchange for funds and support." Qin Haoran said: "Maybe HSBC is waiting for this opportunity to acquire a controlling stake in Hang Seng Bank in one fell swoop, so that This is a 30-year-old bank that is one of the best in the Chinese banking industry."

Bao Yugang narrowed his eyes and said, "What a vicious scheme."

Qin Haoran sneered: "The most abhorrent thing is that in this series of incidents, Longsheng Bank may have played a very disgraceful role. I have had people check it out, and it has been closed down one after another since [-]. The market share vacated by Chinese-funded banks, including Mingde Bank, Guangdong Trust and Commercial Bank, etc., has been taken by Longsheng Bank. In addition, since the beginning of this year, many major customers of Chinese-funded banks have gone to those Chinese-funded banks Although Longsheng Bank also suffered a squeeze, the impact it received was far less severe than other Chinese-owned banks, and there were no major customers requesting account cancellation.”

"You mean to say that those big customers who went to Huazi Bank to cancel their accounts were actually manipulated by HSBC, and under this kind of control, there was nothing special about Longsheng Bank's own big customers." Bao Yugang rubbed his chin, and pondered: "In this way, Longsheng Bank really colluded with HSBC and the others."

Qin Haoran narrowed his eyes, and said: "To recruit one to suppress the other is a typical political method. Moreover, Sanders and the others must have seen that Longsheng Bank has been suppressed by Hang Seng Bank for so many years, and they strongly hope to be able to Replace or surpass Hang Seng Bank, thus persuading Qin Zhongyuan and Qin Jiangshan."

"If Qin Zhongyuan and the others could reuse you early, the current Longsheng Bank may have already surpassed Hang Seng Bank, and could even compete with HSBC Bank. Why is there any need to cooperate with HSBC Bank and seek skin like this?" Bao Yugang laughed. .

Qin Haoran shook his head: "It's useless to say anything now, HSBC is now waiting for Hang Seng Bank to sell its shares, heh heh heh...Hang Seng Bank is a big cake, the most important thing is the hope of our Huaren Bank, I Don't let those British eat it."

"You're right, even if Hang Seng Bank really wants to sell it, it's much better to sell it to you than to those British people." Bao Yugang said.

Qin Haoran nodded with a smile, he had long thought about buying Hang Seng Bank.It's not that Qin Haoran wants to use Hang Seng Bank to help him implement the subprime loan plan, but that Hang Seng Bank is indeed a bank with good performance and great potential. Even if Qin Haoran doesn't use it to make subprime loans, it itself It can also develop into one of the largest banks in the world.

Especially Qin Haoran didn't want such a good Chinese bank to be eaten up by HSBC just like that.

Of course, even if Qin Haoran wanted to acquire Hang Seng Bank, he would not use his own name, or even the name of any of his companies in Hong Kong.Qin Haoran has already decided to use the name of the American "Zeus Fund" to make the acquisition.

After buying Hengsheng Bank with the "Zeus Fund", Qin Haoran will start to transfer the shares of Hang Seng Bank from the "Zeus Fund" to Ji's hands, so as not to let the stock market crash in the United States in the future and he wants to sell the "Zeus Fund". Such an excellent asset of Hang Seng Bank is also affected.

(End of this chapter)