I lost my vegetative state, and I became the richest man in the world

Chapter 730 The explosive news shocked everyone in Xiangjiang!
Zhuang Rongkun.

A businessman who was born in southern Fujian and was originally from the Philippines and was an overseas Chinese businessman.

At this time, he was smoking in the general manager's office at the headquarters of Hang Lung Bank.

Last night, he heard about the financial transactions between Xie Liyuan Gold Shop and Hang Lung Bank, and immediately thought that Hang Lung Bank was in trouble today. Sure enough, there were so many depositors queuing up to withdraw money in one night.

Zhuang Rongkun knew that today was a difficult day.

The most important thing is to get the support of banks such as Zhada Bank and prepare [-] million Hong Kong dollars. Tomorrow, as long as the money is sent to the major branches, even if there is still a run for cash tomorrow, it will pass soon.

At this time, the one thing he was most worried about was only known to him.

Hang Lung Bank was founded in 1935 and officially registered as Hang Lung Bank Co., Ltd. in 1965. It is a Chinese bank with decades of history in Hong Kong.

In 1976, he and his younger brother Zhuang Qingquan led the Philippine and Nanyang Consortium to acquire 5000% of its shares for HK$80 million and became the major shareholder of Hang Lung Bank.

In the late 70s, due to the rapid development of Heung Kong Real Estate, Hang Lung Bank developed very rapidly. Until the early 80s, it has 28 branches in Heung Kong, becoming the largest Chinese bank in Heung Kong.

In fact, only the Zhuang Rongkun brothers know about Hang Lung Bank's own situation.

Of course, there is one more person who knows.

The soul comes from the future Yang Ming.

For the first time in history, Hang Lung Bank experienced a liquidation wave. Because Zhuang Rongkun responded quickly and received support from major banks in Hong Kong such as Zhada Bank, the situation quickly subsided.

However, on November 11 in history, a relatively large Diners Club Finance Company was unable to repay its debts. Its holding company, Diners Club Credit Holdings, suspended trading in the Hong Kong stock market. It was later revealed that Diners Club Finance had owed The 15 million Hong Kong dollar debts of 39 financial institutions headed by the Bank of Country M were forced to liquidate.

Hang Lung Bank's ability to pay its debts has been called into question as two of Hang Lung Bank's directors, including managing director Chong Rong Kun, are also directors of Diners Club.

A year later, Hang Lung Bank's bill settlement bank was rejected by Zhada Bank for an overdraft of 11.8 million Hong Kong dollars in a check worth 5000 billion Hong Kong dollars. The Governor's Office immediately felt that Hang Lung Bank was about to go bankrupt. In the banking crisis, the Government House directly took over Hang Lung Bank.

At this time, Zhuang Rongkun's Diners Finance and Credit Company not only owed a lot of debts, but Yang Ming also knew that the Zhuang Rongkun brothers had embezzled most of the depositors' funds of Hang Lung Bank to invest in Xiangjiang Real Estate.

In this regard, it is similar to Liao Baoshan in history.

Liao Baoshan also saw the popularity of Xiangjiang Real Estate in the 60s, so she was very courageous, and misappropriated depositors' funds as her own money to real estate.

So is Zhuang Rongkun now.

Even more serious.

Now that Xiangjiang's real estate has fallen like that, not only the real estate they have misappropriated depositors' funds to buy has depreciated, even if they sell it, they will suffer serious losses.

Zhuang Rongkun couldn't sleep now, he prayed that these things would not be known to outsiders.

As long as housing prices in Xiangjiang rise, then these crises will be overcome.

However, Yang Ming was very clear about it.

For a bank.

The most important thing is actually the credibility issue.

If there is a problem with the reputation of a bank, it is no longer trusted by the public, and depositors have no confidence in this bank, then there must be problems with this bank.

The banking crisis that broke out in Hong Kong in the 60s is the same now.

Zhuang Rongkun walked around in the general manager's office, smoking a lot of cigarettes.

It's not just that he didn't expect Xiangjiang's real estate to fall like that.

In the first half of last year, the housing prices in Xiangjiang were still very high. It has only been one year, and now it has become like this.

Zhuang Rongkun felt like his hair was falling out.

If outside investors know that he is related to Diners Club, it will definitely further affect Hang Lung Bank.

If it is known that he has embezzled depositor funds to enter Xiangjiang Real Estate, it will also cause big problems.

Zhuang Rongkun wanted to sleep well.

However, it feels a bit difficult.

When Zhuang Rongkun was still in the office of the general manager of Hang Lung Bank.

Yang Ming had already returned from get off work and had dinner with his parents.

Many times, the people around him who have been with Yang Ming for a long time can't see what he is thinking, like A Zhu, Zhong Chuhong, and Guan Jiahui are like that.

However, they felt that the young master was a little different today.

until very late.

Yang Ming was still in the study, he left Guan Jiahui behind.

Guan Jiahui didn't care what Yang Ming was thinking, she just wanted to stay with Yang Ming.

. . .

Early the next day.

Yang Ming got up to wash up.

Come down from upstairs and swim a few laps in the swimming pool.

I changed into a set of clothes and was having breakfast with my parents.

At this time, news reports about Hang Lung Bank appeared in major newspapers in Hong Kong.

In addition to yesterday's run on Hang Lung Bank, more than 7000 million Hong Kong dollars were squeezed out, Hang Lung Bank also issued a statement clarifying that it has no relationship with Xie Liyuan Gold Shop.

However, this seemed to work yesterday.

Today, an even more exciting news was reported in the newspapers.

Diners Club Finance owes 39 million in debt to 8 financial institutions headed by M Country.

Among them, the two directors of Diners Finance are also from Hang Lung Bank, and the general manager of Hang Lung Bank, Zhuang Rongkun, is the managing director and shareholder of Diners Finance.

The news just got out.

It turned out that some depositors of Hang Lung Bank were not planning to go to Hang Lung Bank to withdraw money, but now they were stunned when they saw the news.

If Hang Lung Bank is really so rich, why does Diners Finance, a shareholder of Hang Lung Bank, owe so much money to other financial institutions?
That is to say, in addition to Diners having no money in finance, the funds of depositors of Hang Lung Bank may also have been embezzled.

This breaking news immediately shocked all circles in Xiangjiang.

9:30am.

When the Xiangjiang stock market started trading, Diners Credit Holdings directly suspended trading.

As a shareholder of Diners Club, as well as the general manager of Hang Lung Bank, Zhuang Rongkun, just returned to work in the office of the general manager of Hang Lung Bank today.

When he saw the news, he was astonished, and he felt like falling into the abyss instantly.

It even feels cold all over.

More and more depositors flocked to various branches of Hang Lung Bank to withdraw money.

Even if 7 million Hong Kong dollars has been prepared from other major banks, judging from the current situation, I am afraid that it is not enough for those depositors to squeeze out.

This means that Hang Lung Bank is likely to go bankrupt due to a run on the bank.

Zhuang Rongkun turned pale with fright.

The other banks in Xiangjiang were also frightened.

Including the chairman of Huifeng Bank, Shen Yan, the chairman of Zhada Bank, the chairman and general manager of major Chinese-funded banks, as well as the governor of the Governor's Mansion, Mai Lihao, Chief Secretary Youde, etc., none of them expected that now A new round of financial crisis broke out in Xiangjiang soon.

The two of them had never experienced the Chinese bank crisis in the 60s, but they still knew it very well.

If Hang Lung Bank goes bankrupt due to a bank run, which affects other banks in Hong Kong, then it will trigger a domino effect, which will be very great for Hong Kong's economy and finance.

　Chapter 5!

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(End of this chapter)