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

Chapter 740 Yang Ming Wants to Swallow Ten Chinese-owned Banks in Xiangjiang!
Yang Ming is well aware of the seriousness of the debt crisis of overseas trust banks in history. If they are taken over by the Governor's Office, the Zhang family will suffer a great loss.

Including, Huang Changzan, Zhang Chengzhong and others will not only be ruined, but will also go to jail.

In that case, why does Mrs. Zhang want to keep the Overseas Trust Bank?

At this time, whether it is a conspiracy or a conspiracy against the overseas trust bank, he can eat it, or even eat it.

"Huang Changzan, do you think Mrs. Zhang can still keep the Overseas Trust Bank?"

"Sir Yang, I think it's impossible."

"Then why does Mrs. Zhang still do that?"

"She still doesn't realize the seriousness of this as a woman." Huang Changzan said directly.

"I'll give you a chance. You go back and persuade Mrs. Zhang and her son to sell all the shares to me. Otherwise, if the crisis of the overseas trust bank arises, the Governor's Office will not say anything to you. The Governor's Office will take over directly. At that time The Zhang family won’t get a penny, and Zhang Chengzhong will go to jail. If you do this well, I will guarantee you nothing.”

This is what Huang Changzan wanted.

"Sir Yang, I understand. I will persuade Mrs. Zhang and her son to sell the shares to you as soon as possible."

"You go back first."

"Yes, Sir Yang."

Facing the powerful imperial group and Sir Yang, at this moment, Huang Changzan suddenly felt at ease, because he believed that Sir Yang would do what he said.

Huang Changzan left.

Yang Ming called Meris.

Meris has returned to his villa on the top of Victoria Peak and rested.

Hearing the landline phone ringing, he looked and found that it was the Repulse Bay Mid-Levels Villa calling.

It's the boss, Sir Yang.

"Mai Lisi, things have changed, you come to see me right away."

"Yes, boss."

Meris hurriedly spoke to his wife, put on his coat, went downstairs, got into the Bentley, and hurried to the villa in the mid-levels of Repulse Bay.

. . .

Yang Ming was still sitting in the study.

However, he was very excited.

Yang Ming is very confident in swallowing up the overseas trust bank, but Mrs. Zhang is unwilling to let go. If the Governor's Office and Xiangjiang's exchange intervene, it may be troublesome to deal with it.

Now that Huang Changzan took the initiative to seek refuge, Yang Ming believed that Huang Changzan would definitely convince Mrs. Zhang and his mother, so there would be no problem swallowing the overseas trust bank.

However, now Yang Ming is not only considering the issue of overseas trust banks.In addition to Hang Lung Bank, which has now been swallowed up, there is also Dao Heng Bank, which will soon be swallowed up.

And the overseas trust bank that is about to be swallowed up now, and the Chinese bank under the overseas trust bank, Xiangjiang Industrial and Commercial Bank.

In other words, it is now basically possible to determine the bank to be swallowed.

Including Hang Lung Bank, Dao Heng Bank, Overseas Trust Bank, Chinese Bank, Heung Kong Industrial and Commercial Bank.

There are five in total.

In the eyes of many people, Sir Yang's ability to directly swallow up five Chinese banks in Xiangjiang, especially when one is the third largest bank in Hong Kong, Overseas Trust Bank, is already very powerful.

However, Yang Ming prepared for a long time from the beginning, not only for these five banks, but also for other banks in Xiangjiang.

The predecessor of Sun Hung Kai Bank was Sun Hung Kai Finance, which was founded by Feng Jingxi of Sun Hung Kai Securities.

Sun Hung Kai Bank invested 3 million yuan (equivalent to 70% of the equity) to purchase the head office building at the peak of real estate.

With the collapse of Xiangjiang Real Estate and the outbreak of banking crises in the early 80s, Sun Hung Kai Bank faced the dual difficulties of insufficient funds and a large loss of deposits.

In October 1983, in order to avoid the fate of being liquidated, Feng Jingxi was forced to agree to sell the controlling stake (10%) to F country Palita Group and M country Merrill Lynch Securities Group.

In May 1985, Arab Bank in the Middle East acquired a 5% stake in Sun Hung Kai Bank for 3.6 million yuan.Afterwards, Sun Hung Kai Bank changed its name to Hong Kong Base Bank.

Ka Wah Bank is a bank with a long history in Hong Kong, founded by Lin Zifeng, the bank's business operation has been relatively stable.

However, after Lin Zifeng passed away in 1971, his descendants had no intention of managing it.

In 1975, the controlling stake in Ka Wah Bank was acquired by the Liu Cansong family, an overseas Chinese businessman in Singapore.Afterwards, Ka Wah Bank expanded rapidly and was listed in Hong Kong in 1980.

Ka Wah Bank's customers have always been mainly overseas Chinese in Southeast Asia, and Hong Kong's peers don't know much about them, so they have always been wary.

When Hang Lung Bank was taken over in 1983, the deposits of Ka Wah Bank were also affected.

When Hightower Bank was taken over in 1985, it was widely rumored that Ka Wah had fallen into financial crisis in view of its close relationship with Hightower Bank. (At the end of 1984, Ka Wah Bank's shareholders' equity was 5.3 million yuan, and its accumulated bad debts were as high as 5.4 million yuan. In fact, Ka Wah Bank has gone bankrupt).

In 1985, in order to get out of the predicament, Ka Wah Bank began to negotiate with relevant consortiums on value-added shareholding.

In 1986, Zhongxin Group injected 3.5 million yuan into Ka Wah (2 million yuan was ordinary shares, 1.5 million was converted into preferred shares), and acquired 91.6% of the shares of Ka Wah Bank.

Ka Wah Bank changed its name to Zhongxin Ka Wah.

It is worth mentioning that after Ka Wah Bank's financial crisis surfaced, the Liu Cansong brothers absconded and fled Hong Kong.Later, they were arrested in Singapore and Malaysia respectively. The two were suspected of defrauding 7.7 million yuan.

In January 1988, the Liu brothers jumped bail and absconded (abandoned bail and absconded) to Wanwan.

Wing On Bank is an old local bank founded by Guo Quan, the founder of the famous Wing On Company in Hong Kong.Over the past decades, the management style has been conservative, and it has been able to stand upright and safe in Hong Kong's many banking turmoil.

In 1984, there was a scandal at Wing On Bank. Guo Zhikuang, the third generation of the Guo family who served as the general manager, embezzled 1000 million US dollars from the bank for his own use.

At the end of 1985, Wing On Bank suffered heavy losses due to its inability to recover loans to the bank's directors and executives, and the bank's capital was negative.

In May 1986, Hang Tie Bank injected HK$5 million into Wing On Bank, acquiring a 1.76% controlling stake.

Under the operation of Hang Tie Bank, Wing Bank quickly turned losses into profits.

In January 1993, Hang Seng sold Wing On Bank to Dah Sing Financial Group, making a profit of HK$1 million.

Kangnian Bank is an old small bank in Xiangjiang.

In 1986, due to a loan of up to 1.6 million yuan to a shipping company that could not be recovered, a large write-off was required, resulting in a banking crisis in Kangnian.Afterwards, the Governor's Office took over Conifer Bank and facilitated the acquisition of Conifer Bank by First Pacific Group, which was renamed First Pacific Bank.

Union Bank, after the incident at Haito Bank, Union Bank was also deeply affected by unfavorable rumors in the market, and a large amount of deposits were lost, resulting in a serious shortage of liquidity.

In September 1985, Wen Rencai, chairman of the board of directors and general manager of the bank, left Hong Kong for the United States due to illness.Afterwards, another 9 directors resigned, leaving the bank without a leader.

In 1986, the Governor-General announced that it would take over Union Bank and entrust it to Jardine Fu for its management.Afterwards, China Merchants acquired a 61.3% stake in Union Bank.

2000年4月19日，中國工商银行与招商局达成协议，工行以18.05亿港元收购招商局持有的2.39亿友联银行股份，约占53%。8月21日，友联银行易名为中國工商银行（亚洲）有限公司。

In 2010, ICBC successfully privatized ICBC Asia.

Yang Ming felt that most of the Chinese-funded banks in Xiangjiang actually had problems, whether it was Hang Lung Bank, which had already had problems.

Sun Hung Kai Bank, Kawa Bank, Wing On Bank, Connian Bank, Union Bank, etc., have already had internal problems, but if the debts are not discovered and there is no outbreak, there may be no problems.

Historically, these banks were successively affected by the crises of Hang Lung Bank and Overseas Trust Bank, which broke out one after another, resulting in them being taken over by the Governor's Office or by other capital consortiums.

From Yang Ming's point of view, these Chinese-funded banks are all in his fancy, so how could they be taken over by other consortium capital?

　Chapter 3!

　　Please subscribe! !

　　
　
(End of this chapter)