Through the wealth life

Chapter 622 Standard Chartered
On the morning of October 10th, Li Guangyu listened to the report on futures delivery by Guo Fengtao and Sun Jianping in his office.

After these days of negotiations, Tianyu Securities Investment Company reached the delivery of futures contracts with the Development Bank of Singapore, HSBC Bank, Taiwan First Commercial Bank and some investment institutions in Xiangjiang. Calculation.

At present, only Citibank's 100 billion Hong Kong dollar order, Standard Chartered Bank's 95 billion Hong Kong dollar order, and Sanhe Bank's 75 billion Hong Kong dollar order have not been delivered.

Behind these three are the American consortium, the Western European consortium, and the Japanese consortium. They are all powerful owners. They are not in a hurry to complete the contract with the Li consortium. They hope to see the situation later.

After the completion of the 230 billion Hong Kong dollar delivery this time, the Lee consortium has obtained a profit of more than 108 billion Hong Kong dollars, which is enough to support the multiple investments of the Li consortium.

Li Guangyu said to the two: "This fund is temporarily placed in your company's account, pay attention to the situation in the stock market at any time, if there is any rebound, immediately suppress me, pay attention to the movements of the three banks, don't let them Pull up the stock market."

Guo Fengtao immediately said: "Li Sheng, please rest assured that we will always pay attention to the stock market situation. As long as someone wants to operate on the stock market to boost the stock market, we will immediately take action to suppress the stock market."

With this amount of funds in hand, their Tianyu Investment Company Xiangjiang account has nearly 200 billion Hong Kong dollars in cash, and they still have a lot of stocks of major listed companies in their hands, which is enough to deal with the situation in the Hong Kong stock market.

The current situation in Xiangjiang is uncertain, and Guo Fengtao is very confident about it. Now all circles in Xiangjiang are highly nervous. Any disturbance may cause the stock market to plummet, and it is very difficult to pull the stock market up.

In the chairman's office of Standard Chartered Bank, the manager of the investment department reported to George Lavin some of the market situation, especially the delivery of futures contracts by the Li consortium and some banks and investment companies.

George Lavin himself hoped that this time, like HSBC, he would settle with the Li Consortium at such a price. Unfortunately, the headquarters did not agree and asked him not to discuss the issue of contract delivery with the Li Consortium for the time being.

He knew that this must be because the latter investors were unwilling to admit defeat like this. They still wanted to take a gamble to see if the stock market would recover in the past two months, and they felt that the Hong Kong stock market would not fall to the lowest point last year if it fell again. position up.

George Lavin only felt that they were too naive. The current situation in Xiangjiang is not just about the ownership of Xiangjiang. Xiangjiang has developed rapidly in the past few years, and a huge bubble economy has formed in real estate. The Xiangjiang issue is just an introduction.

The real estate market in Xiangjiang has been in crisis since the stock market plummeted, but the major real estate companies and real estate speculators in Xiangjiang have maintained this price to prevent the price from falling.

This time, because many middle-class people were going to leave, they were eager to dispose of the real estate in their hands and began to sell at a reduced price. Moreover, there were quite a few houses emerging this time, and some houses had several sets. The price of the Xiangjiang property market was detonated instantly.

The real estate speculators are also in a hurry at this time. These middle-class people are selling their houses. If they don't sell them, these houses will be in their own hands.

Many real estate speculators use bank loans to speculate on real estate. Once the real estate market drops sharply, if they do not sell in time, it is very likely that these houses will be taken away by the bank for auction. If it is not enough to offset the loan, they will have to pay back These debts, they obviously can't afford to wait.

Now that there are so many houses and facades popping up in Xiangjiang, everyone can understand that the property market in Xiangjiang is going to die, and it is only a matter of time before the collapse of Xiangjiang real estate company will collapse.

The listed companies on the Xiangjiang stock market are more or less related to the real estate industry. How did the stock market recover.

It's just that George Lavin himself knew it was useless, and the headquarters still insisted on their opinion and would not discuss the delivery contract with the Li's consortium for the time being.

George Lavin said: "You keep an eye on the movement of the stock market. Once the margin is insufficient, report to the headquarters immediately, and let them contact the customer to inject funds into our side to maintain this transaction."

After the manager of the investment department left, George Lavin contacted Qiu Deba, the major shareholder of the bank, to report to him on the current situation.

Apart from the futures market incidents of Standard Chartered Bank, the biggest impact on them was the real estate company's thunderstorm. A lot of their loan funds flowed into the real estate industry. Once these real estate companies have problems, their bank losses will not be large. Small, these things banks must be prepared in advance.

The current situation of Standard Chartered Bank is more dangerous than HSBC, especially since their headquarters is not in Xiangjiang, which is easy to be run on by the citizens of Xiangjiang.

After stopping George Lavin's report, Qiu Deba said: "As for the issue of futures, since customers request to continue to hold them, we will follow their decision. I will contact the chairman of the bank to give instructions on this issue and ask these customers to promptly Put in a security deposit from your side."

As for the real estate situation in Xiangjiang, Qiu Deba has more headaches now than George Lavin, and his own bank has even more serious problems this time.

They only entered Heung Kong in the past two years. In order to occupy the market and compete for customers, they are more relaxed than Standard Chartered Bank in terms of loans. Many real estate speculators in Heung Kong are customers of their bank. Once the house price drops sharply, their bank will suffer heavy losses.

Even if they took these properties into the bank, the loss is not small. After the market price of these houses plummeted, they were worthless at all. Their bank was the landlord, but unfortunately no one took over the property.

Qiu Deba is even more worried that they will be run on during this period. Their bank cash reserves are not sufficient, and once they are run on, major problems are likely to occur.

The only thing that made him fortunate was that they and the Li's consortium had turned enemies into friends, and the Li's consortium would not specifically target their industries.Otherwise, with the ability of Li's consortium, Xiangjiang will definitely be squeezed.

At this time, Qiu Deba could only ask George Lavin to recover the bank's loan as much as possible, and strictly control the loan application.

Although Qiu Deba is currently the largest individual shareholder of Standard Chartered Bank, he is only a director of Standard Chartered Bank, and he can't get involved in many things. At present, the Asian side is better, and he can still take care of it. At the London headquarters, At most, I can make a proposal, and the specifics need to be decided by the board of directors.

George Lavin said: "Mr. Qiu, our biggest problem at present is the Jardine issue. Since we have invested in Jardine Holdings Group, and this group is a cross-shareholding with Jardine Land Group, currently Jardine Due to the sharp drop in the stock market, the Hongkong Land Group has encountered difficulties in cash flow, do we need to continue to inject capital into it at Standard Chartered Bank?"

Before acquiring Jardine's shares, Qiu Deba was not the largest individual shareholder of Standard Chartered Bank. He was unwilling to pay for Jardine Group. The Li's consortium had been staring at Jardine, and he did not want to be a nanny for Jardine.

Qiu Deba said: "Don't continue to invest in Jardine Matheson. At present, you have to tighten monetary policy to ensure that the bank has sufficient funds to deal with possible crises in the future."

……

(End of this chapter)