History of Hong Kong Island

Chapter 429 Vote Forging Sword
A sullen look appeared on He Dingxian's face, he suppressed the attack and asked, "Feng Changli, what do you mean?"

"Since foreign banks initiated a run, they saw through the lack of funds of small banks and medium-sized banks, and took advantage of the correction in the property market to attack the Chinese-funded banking industry." Feng Jinxi ignored He Dingxian's expression and analyzed sentence by sentence: "These small and medium-sized Chinese-funded banks chased the real estate market regardless of risks. When there was a run-on trend, they used the law to declare bankruptcy."

"Obviously there are still financing channels, but they are afraid of the risk of usury. They choose to protect themselves wisely and give up fighting for the banking industry. Under the strong pressure of British foreign banks, they dare not withstand the risk. No matter how they save it, they will end up bankrupt sooner or later."

"Can we use the money to rescue the market, or force them to borrow money? Why don't we keep the cash flow in our hands and take the opportunity to acquire small and medium-sized Chinese banks."

"And I took out money to save them. If the rescue is not successful, the cash flow will become a liability. In the end, what will Hang Seng, Dongfang, and Dongya do to stop them?"

Feng Jinxi is worthy of being the earliest "stock god" on Hong Kong Island. The gene of profit-seeking by borrowing the market is also engraved in his bones. His first thought is not to rescue the Chinese-funded banks first, but to wait for the Chinese-funded banks to go bankrupt, and then merge and reorganize.

He Shanheng also showed emotion when he heard the words, and said: "The bankruptcy of a group of small and medium-sized Chinese-funded banks is good for bursting the bubble in the property market and raising housing prices as soon as possible. As long as our three banks are stable, Huazi Financial will not fail."

"When the financial industry is safe, financial means can be released to stimulate the property market to rise."

"Orient, Hang Seng, and East Asia will also become the three major Chinese banks alongside the four foreign banks in this financial turmoil."

Li Guanchun's heart skipped a beat, and his long-lost ambition was rekindled. However, as a veteran banker who had been severely punished by the foreign bank, he remained rational and remained silent the whole time, without saying a word.He Dingxian took a sip of tea, turned his head to look at Xu Shifen, Huo Guantai, Zheng Yutong, and Chen Lanfang. The rest of them didn't run the banking business, and they didn't know the tricks of the ghosts, so they didn't dare to express their opinions in a hurry.

He Dingxian looked at He Shanheng again: "Chairman He, as the on-duty chairman of the Guangdong Province United Chamber of Commerce, you should not say this. In addition to your status as the chairman of Hang Seng, you are also the boss of more than 7000 brothers in the Guangdong Province Chamber of Commerce."

"Once there is a problem with the Chinese-funded banks, the chain reaction will cause how many factories and shops to break the capital chain and fall into low-price selling and sell assets at a low price?"

A trace of shame appeared on He Shanheng's face, and finally heaved a long sigh: "If the owner of the bank and the shareholders of the bank can come out and carry it, I am willing to spend money to save the market, but the way of Mingde Bank tells us that saving them is worse than saving ourselves."

Zheng Yutong sat in the corner, lit a cigarette, and smoked quietly by himself.

He Dingxian suddenly found that he thought too well of the businessmen!
Most of the bosses who came from the bottom to start a business, because of wars, turmoil and other reasons of the times, can develop the courage to help each other and overcome difficulties together.They know that the weak can only prevail if they unite.But most of the bosses who are engaged in finance and banking are rich businessmen from their ancestors. They have a good family background since they were young. In addition to the financial industry, in short, they use mergers, bargain hunting, short selling and other means to make profits.In terms of character, the big fish eats the small fish, and the small fish eats shrimps. The winner is the king, and the loser is the bandit.

Is this mentality wrong?It is absolutely right in business, but when facing capital wars, it is easy to be blinded by money, and it is impossible to find a position at all.Sure enough, the bourgeoisie is used to being tough at home and compromising with others.

Full of weakness and compromise.

Although everyone is a successful person in the business world, sitting together for a meeting, but with different backgrounds, different industries, and different positions, it will also cause inconsistencies in ideas.Historically, He Shanheng always regretted selling 50.00% of Hang Seng's equity in the run-up. Now it seems that He Shanheng's character is definitely not able to hold Hang Seng.

It's not that he has no chance to keep Hang Seng, but he sees small profits and forgets righteousness!
The four major British-funded foreign banks can stand together and jointly contribute to the British-funded companies under the foreign banks. What kind of internal mergers should the Chinese-funded banks on Hong Kong Island have?Isn't this the economic fight against foreign countries that must first settle inside!He Dingxian took a deep look at He Shanheng, and decided in his heart: "Instead of letting Hang Seng be eaten by the ghost, it's better for me to eat, otherwise the ghost will be fattened up sooner or later."

Of course, he would not make things difficult for He Shanheng and Feng Jinxi right now, nor would he take the initiative to trouble Hang Seng, but once the troubles spread to Hang Seng, it would be difficult to borrow low-interest funds.He Shanheng was stared at by He Dingxian, and he felt a little guilty. Compared with the yet-to-come squeeze crisis, he was more afraid of the ruthless man in front of him.

"It doesn't matter." He Dingxian said in a relaxed tone: "The meeting itself is a way for everyone to express their opinions and discuss with each other. The words of Chairman He and Feng Changli are not unreasonable, but I also have my own considerations."

"If small and medium-sized banks are allowed to go bankrupt, the losses will be too great, and the degree of risk will be greatly increased."

"Because, if you want to acquire small and medium-sized banks and banks, you have to pay cash flow. Otherwise, the bankrupt banks will be eaten by ghosts. Both methods require cash flow. It is nothing more than Chairman He's opinion. You can acquire some companies, but the risk is high. My plan, not to mention the interest, may not be able to recover the principal.

"Gentlemen, a run is a game of trust. The more our customers trust us, the better our chances of getting out safely."

"How to make customers trust us? First of all, we must have confidence and confidence in ourselves. On the contrary, once panic spreads, it will not be controlled by human reason. No matter how many methods and news we publish at that time, we will be able to stop it."

Hang Seng Bank has also developed very well in recent years, with hundreds of millions of cash in the fund pool, so it is full of confidence, thinking that it can stop the ghosts and take the opportunity to eat.As everyone knows, the more confident you are, the more you will fail.

As the founder of the chamber of commerce, He Dingxian didn't want the bottom-level members to close down on a large scale and commit suicide by jumping off the building, so he had to give the members a shot in the arm.

how to spell?
Throw money!

And even if in the process of distributing money, Chinese-funded banks continue to go bankrupt, the money will not be disseminated in vain.Because, the saved Chinese-funded factories will become customers of Chinese-funded banks and the foundation of the financial industry in the future.

If the financial industry is separated from the real industry, it will be like a tree without roots, brewing a more terrifying financial storm.If there is a financial turmoil on Hong Kong Island, no one will come to take care of it, and more low-level citizens will die.

The lower the level, the worse the ability to resist risks. The big bosses can still sell their properties to survive, and they have no choice but to die.

"Only by first boosting the confidence of the Chinese bosses and members of the chamber of commerce, gradually the customers will become more and more confident, the turmoil can be eliminated, and then we can settle the score with the ghost." He Dingxian said in a tone of voice: "Everyone is about to suffer losses, and there must be resentment in their hearts, but relying on the flesh and blood of their compatriots to get back their money, we should unite people through this incident, and then go to pull the ghost's skin."

"Look for yourselves, everyone."

He raised his wrist and glanced at the hands of the watch, and said: "When the chamber of commerce was established, it was said that when the board of directors has different opinions, it can be voted first. If the result is a tie, or if someone wants to protest, it can be expanded to vote for all members."

"Since all the directors of this session are already present, let's drink tea, rest for 15 minutes, and make a formal vote."

He Dingxian stopped talking, but bowed his head and sipped tea.

When Xu Shifen, Li Guanchun, Huo Guantai and others heard that Boss He was going to call back and settle accounts with the ghost, they couldn't help being awed in their hearts.Because Boss He has never been a liar, and he does have the confidence to settle accounts with ghosts.

Of course, before settling accounts, we must not only overcome the current difficulties, but also take advantage of this difficulty to strengthen the unity of the Chamber of Commerce in Guangdong Province.Social organizations all have one characteristic, that is, the more they fight, the stronger they become, and the more they fight, the more united they are. As long as they can't be defeated, they will become stronger!
Just like forging iron, every hammer, every blow, is forging a sharper sword!

It is normal for a chamber of commerce to have different classes and factions. This is the characteristic of a large chamber of commerce. Voting is legal and respected.Xu Shifen, Li Guanchun, He Shanheng and others got up and left the teahouse one after another, and those who were closer to the stand went to the eaves and started smoking and chatting.

15 minutes is enough for people to talk and think a lot, but 15 minutes is not enough for people to change their thinking and positions.It will only make those who support it more supportive, and those who oppose it will firmly oppose it.

Soon, Li Guanchun, Zheng Yutong, He Shanheng and others all sat back at the wooden table.He Dingxian waved and asked Qiu Degeng, who was waiting at the side, to take the minutes of the meeting.Afterwards, he said: "On February 2th, the Guangdong Provincial Chamber of Commerce put forward two proposals regarding the run on Chinese-funded banks. Those who support Chairman He's plan raised their right hands, and those who supported my plan raised their left hands."

"Vote immediately in public!"

After He Dingxian finished speaking, he raised his left hand. He Shanheng and Feng Jingxi raised their right hands at the same time. The rest of the directors did not hesitate. Zheng Yutong, Huo Guantai, Li Guanchun, Xu Shifen all raised their left hands, and Chen Lanfang raised his right hand.

He Dingxian took a sip of tea with a calm expression, and said: "All the board of directors participated in the voting, with a total of eight votes, three votes in favor of Chairman He's plan, five votes in support of my plan, and implement according to my plan."

"Please sign the minutes of the meeting. When you need to contribute money and effort, if someone steals, rapes, cheats, and obstructs you secretly, don't blame me for being ruthless."

Qiu De obediently sealed the minutes in front of the big boss, along with a box of ink pads and ink.

He Dingxian nominated and signed his name, then pressed the red handprint, and passed the minutes to the next person.

After all eight directors had their fingerprints stamped, he looked at He Shanheng and said, "Chairman He, please make an announcement of the results of the meeting and announce it to all members."

"it is good."

He Shanheng nodded slightly, his tone was a bit disappointed, but it was not surprising, because he had already guessed the result
"In addition, you have to be responsible for contacting the Shanghai Shanghai Chamber of Commerce and the Chinese Federation of Chambers of Commerce to take the lead in attracting funds. Hong Kong Island is not a chamber of commerce in Guangdong Province, and the banking industry is not only operated by people from Guangdong Province."

He Shanheng readily agreed: "Understood!"

"Ask all the banking bosses in the chamber of commerce to come to Ruihe Hall for a meeting at six o'clock in the evening." He Dingxian turned around and said, "You should do this matter, Ageng. We have to calculate how many Hong Kong papers the chamber of commerce can raise. There is no silver bullet, and we cannot fight the business war."

(End of this chapter)