We are all reborn, who wants to be the richest man?

Chapter 257 Thunder in the financial industry

Since the announcement of Far East Group's HK$500 billion rescue plan, Hong Kong people's enthusiasm and confidence in Hong Kong stocks have been greatly increased.

Thanks to Hong Kong investors and the stock buybacks of major well-funded companies, the Hang Seng Index rose by more than 200 points in just one month.

Although this increase has slowed down, the growth continues.

It is expected that it will not be a problem to break through 1400 points by the end of the year. Even 1500 points are expected to be hit.

But just when Hong Kong stocks were booming, the financial industry exploded.

Xie Liyuan Jewelry, a century-old store that was founded in Haojiang during the Qing Dynasty, suddenly revealed that the Xie Liyuan Gold Shop opened by its family branch on Hong Kong Island has problems with its funds, and investors will not be able to redeem the gold coupons in their hands.

This matter started ten years ago.

Xie Zhichao, a member of the Xie Liyuan family from a prominent Haojiang family, opened the Xie Liyuan Gold Shop on Hong Kong Island and launched the Qianzu Gold Accumulation Plan on Hong Kong Island, which also marked the beginning of large-scale gold speculation in Hong Kong Island.

Hong Kong residents can open a gold trading account by purchasing gold worth one penny, and speculate in gold based on the gold price of the day.

Although Xie Zhichao's Xie Liyuan Gold Shop and Haojiang's Xie Liyuan Jewelry are not related in any way in terms of business or law, relying on the stable operation, reliable reputation and brand image of Xie Liyuan, a time-honored brand belonging to the same Xie family, Xie Liyuan Gold Shop has established a strong presence on Hong Kong Island. popular.

At that time, Hong Kong people were proud to own Xie Liyuan gold coupons, and Xie Liyuan Gold Shop attracted more than 2200 million Hong Kong dollars in investment.

However, after receiving the funds, Xie Liyuan Gold Shop did not buy or sell gold in the gold market according to customer requirements, and it did not have gold reserves. It can be understood that Xie Liyuan Gold Shop was shorting gold.

The price of gold has fallen, and customers who have paper gold such as gold rolls cannot redeem them at the original price. Xie Liyuan Gold Shop can make a lot of money.

Vice versa is also true.

However, Xie Liyuan Gold Shop's short selling was not conventional short selling, because he had no reserves and used all the funds to invest in other industries.

This means that it is okay if no one exchanges money. Once there is a small-scale exchange wave and Xie Liyuan Gold Shop cannot come up with so much money, a run will naturally happen.

From the time the media broke the news to the public run on the company, Xie Liyuan Gold Shop was unable to withdraw funds in just three days, and a bigger storm formed.

The media discovered that Xie Liyuan Gold Shop had a close relationship with Hang Lung Bank, so a large number of users holding paper gold went to Hang Lung Bank to ask for cash.

Seeing this situation, Hang Lung Bank's own savings customers were also afraid of losing their savings and joined the bank run frenzy. Within two days, more than 7000 million Hong Kong dollars were withdrawn.

The panic has spread, and it will be difficult to suppress it.

Without a big force to guarantee Hang Lung Bank, it would be difficult to rely on Hang Lung Bank alone.

"Now is just the beginning. Once depositors in Hong Kong Island and Kowloon hear the news and start running, it will only be a matter of time before Hang Lung Bank goes bankrupt without new capital injections. By then, all small and medium-sized banks in Hong Kong will not be able to do anything about it. Take care of yourself."

Seeing Robert analyzing the future development of this financial crisis, Luo Nianzhong asked, "Do you want to get involved?"

Robert nodded and told his plan.

"Now is a good opportunity for us to rectify the small and medium-sized banking industry on Hong Kong Island.

Judging from the current situation, if there is a bank collapse frenzy, it is impossible for HSBC to take action on Hong Kong Island based on its current positioning.

Then the only ones left with the ability to take over these banks are us, the Hong Kong government and Standard Chartered Bank.

The Hong Kong government now has money, and our down payment of HK$36 billion in the New Territories has just been delivered to them.

However, it is still unknown whether the Hong Kong government will be willing to accept it under the current circumstances. Everything will be known until the Iron Lady comes.

Standard Chartered Bank is indeed capable, but their strategy determines that they will only attack a few of them to make up for the lack of Standard Chartered Bank's influence in some areas."

After speaking, Robert looked at Luo Nianzhong with a solemn expression, "If the final result of the arrival of the Iron Lady is as you said, the Hong Kong government's future funds should be more willing to invest in infrastructure.

After all, these projects can be handed over to Yingzi Enterprises, and they can be transferred to the mainland in a better way, and Rabbit can also accept better development on Hong Kong Island."

Luo Nianzhong pondered for a moment and said, "Yes, the British government would be more willing to see the chaos in Hong Kong Island by then."

After speaking, Luo Nianzhong asked, "I remember that Diners Finance is almost insolvent now, right?"

"Yes, if this news gets out, I don't think Hang Lung Bank has any chance of survival."

The director of Diners Finance is Zhuang Rongkun, the founder of Hang Lung Bank. Diners Finance now owes more than HK$7 million to various financial institutions in North America. This amount of money has exceeded the current asset value of Diners Finance.

If everyone knew that Diners Finance and Hang Lung Bank still had a bad debt of HK$8 million that was not bad debt, the current situation would immediately collapse.

"You can take care of this matter. I agree with your plan."

When a bank explodes and is run on, it is always the big banks that benefit, because they have a guaranteed reputation.

There is a run on money all over Hong Kong. Will the withdrawn money be kept at home? Wouldn't that tell those thieves that you came to steal from me?

In the end, the money will definitely flow into a place that Hong Kong people trust, that is, Far East Bank, Hang Seng Bank, Standard Chartered Bank and HSBC.

New savings came in, and they could use the money to buy out the banks from which they had just taken their money.

This is one of the reasons why large banks with Western capital will not fail. Those large banks that can fail are not because of the financial crisis but because of secret deals.

"Have the British funds been withdrawn?" This is the purpose of Luo Nianzhong's visit today.

"Withdrawal, but I don't understand why we don't go short on the backhand?".

Thatcher came to the rabbit with the attitude of winning the Falklands, but the result may not be satisfactory. This will give a wake-up call to London's stock market, which has surged since the victory of the Falklands.

But generally speaking, the West is about to enter a bull market era, and it is still rising at a high speed. This wave of London's strategic retreat is just for a small dip.

"When the time comes, do you think the Conservative Party, which needs to divert conflicts, will sell us out? Or even push this wave of stock market shocks onto us?"

Most of the funds in the British stock market are traceable, which was also Luo Nianzhong's attitude in supporting the Iron Lady.

"Understood".

Robert's Wall Street thinking seemed unusable to Luo Nianzhong. Wall Street focused on maximizing profits, and it didn't care how much infamy it suffered.

Anyway, those serious people dare not touch you, otherwise who will provide you with campaign funds?
But Luo Nianzhong is different. He is not a local company.

Although I will also invest in some Zhengzhi, after all, my influence is not that great now, and it cannot compare with Wall Street.

Once given the opportunity, those regular customers would not mind letting this outsider take the blame.

When the full privatization of England is completed and the Luo family's power is completely rooted in England, then Luo Nianzhong will be able to do whatever he wants.

It makes sense to take advantage of the current turmoil in Hong Kong's banking industry to withdraw funds for emergencies and wait for the crisis to end before making new investments.

Unless those serious people are looking for trouble, and it is on a partisan scale, it will be difficult to shake Luo Nianzhong's impression on the British public.

Through this incident, Luo Nianzhong also realized that Ying Lun's cooperation could not be delayed any longer, and he had to take control of the media first.

Sure enough, when the Dinner Finance incident broke out the next day, Hang Lung Bank immediately became precarious.

Hang Lung Bank is different from other small banks. It is considered a large bank among the medium-sized banks in Hong Kong Island.

In particular, his business scope is in Kowloon and the New Territories, and most of his customers are migrant workers and farmers.

If you don’t look at savings funds and just look at the number of depositors, Hang Lung Bank will definitely rank among the top five in Hong Kong Island, so Hang Lung Bank cannot fail.

The Zhuang brothers also saw this, and they knew that the biggest possibility in the end was to be acquired. But they still want to work hard to see if they can find a sponsor, even if they have to pay for control.

The run on Hang Lung Bank was caused by Xie Liyuan Gold Shop, and now Xie Liyuan Gold Shop has completely collapsed.

It was true that you could take whatever creditors you had, and the Xie Liyuan gold shop that you couldn't grab started to smash with your hands.

"Brother Zhong, what do you think of our Siyahui Group's acquisition of Xie Liyuan Gold Shop? We are in the clothing business. Wouldn't acquiring a gold shop and selling gold jewelry be a complementary business?"

Luo Nianzhong was a little surprised when he saw Guan Jiahui sitting on him talking about business matters.

She has always paid attention to the company occasionally because of excitement, fun or respect for these business matters. Could it be that her wealth-making nature has awakened?

"Why did you suddenly talk about things in the mall today? It's still under the current situation.

You've dealt a huge blow to my self-esteem. Could it be that I've regressed? ".

"I hate it, I just want to ask for advice, okay?"

Seeing Guan Jiahui pouting, and then looking at the other two women suppressing their smiles, Luo Nianzhong suddenly understood.

"Did you hit a wall with Chris?"

"How do you know?" After saying this, Guan Jiahui quickly covered her mouth, but seeing Luo Nianzhong's slightly teasing expression, she was dismayed.

"Hmph, I...I just don't understand...why...you can't acquire Xie Liyuan Gold Shop. You guys didn't even tell me, so you just bullied...me."

Seeing Guan Jiahui lying on his chest, feeling depressed and heaving, Luo Nianzhong smiled and put his arms around her waist and asked, "If you are asked to acquire Xie Liyuan Gold Shop, how much do you plan to pay for it?"

When Guan Jiahui heard Luo Nianzhong's question, she said with a smile on her face, "How about one million Hong Kong dollars?"

"But now Xie Liyuan has no assets at all, and all he may have left is the rent from those shops."

"Then 50. Don't you always talk about brand value? Xie Liyuan's brand is still very valuable, right?"

Luo Nianzhong burst out laughing after hearing Guan Jiahui's point of view, which made Guan Jiahui not sure why he was afraid of hitting him in the chest and asked, "Why are you laughing? Am I wrong?"

“You are right, Xie Liyuan’s signboard is very valuable.

If I could buy Xie Liyuan's signboard, I would be willing to give it not to mention HKD 50 or HKD 500 million, but can Xie Liyuan Gold Shop and Xie Liyuan Jewelry be the same? .

Xie Zhichao can use Xie Liyuan's name because he is a member of the Xie family, but if others want to use it, do you think the Xie family will sue you for infringement?
Xie Zhichao himself used this brand to open Xie Liyuan Gold Shop, which was illegal in itself, but the Xie family did not pursue the matter.

Otherwise, do you think that other businessmen on Hong Kong Island are vegetarians, so why not take advantage of them? ".

"Ah? Is that so? I thought I could just use this name after acquiring Xie Liyuan Gold Shop." Only then did Guan Jiahui understand what was going on.

Seeing her confused look, Chris couldn't hold it back any longer and burst into laughter on the sidelines.

"Huh, you know that, right? You actually didn't tell me and made me look embarrassed. Look at how good I am."

After saying that, Guan Jiahui rushed over and planned to teach Chris a lesson, completely ignoring Luo Nianzhong's current state.

But her ideals were full, but reality gave her a hard slap, but not in the face.

How could his small body be a match for Chris, who exercises every day? As a result, they begged for mercy in various ways, even compensated for a few limited-edition bags, and agreed to various conditions that were humiliating and humiliating the country before ending this hugely disparate battle.

When the matter between the two ended, they discovered that Zhao Yazhi on the other side had taken advantage of the empty enemy camp to sit on the high ground.

……

Xie Liyuan Gold Shop is destined to withdraw from the stage of history, but Hang Lung Bank is still fighting for it, and even contacted the Financial Secretary of the Hong Kong Government, Peng Lizhi.

"Today Du Huilian called me and told me that Peng Zhizhi was going to meet with Shen Bi, Sanderson and him in the afternoon.

He asked me if there was anything he needed to change and I told him to stick to the original plan."

"Ha, it seems like I'm a little anxious.

But we are not in a hurry. No matter what changes occur in the financial industry on Hong Kong Island, our position will not be shaken in the future. Things in England are our top priority."

Luo Nianzhong saw very clearly that regardless of whether Far East rectified small and medium-sized banks and expanded its business share and status on Hong Kong Island, it would not change Far East Bank's special status in Hong Kong Island.

The right to issue Hong Kong dollars, the financial settlement center bank, and the financial treasury of the Hong Kong government.

These three rights that will be vested in Far East Bank starting next year are equivalent to recognition of Far East Bank's status as the central bank of Hong Kong Island.

What really interests Luo Nianzhong is the acquisition of Barclays Bank. Once completed, Far East Bank will complete its initial global layout.

All that remains is to enhance its global business scope and influence through various acquisitions.

Needless to say, Hong Kong Island and Southeast Asia are the headquarters of Far East Bank.

Although it is not among the top three in scale in many Southeast Asian countries, Far East Bank has spent money on development and acquired small local banks in recent years, and its business can be considered to have spread across Southeast Asia.

Coupled with the recent acquisition of Hang Seng Bank, it is another big addition.

Needless to say, in South Korea, the annexation of Busan Bank is the first step for Far East Bank to expand in South Korea.

Now the Bank of Busan has begun to consolidate the southern half of South Korea and began the Northern Expedition.

No one knows what the future holds, but becoming one of the largest banks in South Korea is certain.

In the island country, Far East Bank's business is weak, but Luo Nianzhong has his plan, and when the time comes, he can make a fortune in one bite.

As long as the acquisition of Barclays Bank is completed, the business in Europe and the United States will be supplemented.

Many people may not know that Barclays Bank's business in Beautiful Country is the largest business in Beautiful Country besides its domestic banks. This is one of the reasons why Luo Nianzhong did not acquire Beautiful Country Investment Bank.

Another reason is that the states in the beautiful country have not yet lifted restrictions on the financial industry within their states, so acquisitions now only occupy the development of one state, which is a waste of resources and cannot maximize benefits.

For example, Far East Bank previously acquired two small banks in San Francisco and Silicon Valley. Luo Nianzhong's original plan was to deploy the Internet in advance and let these two banks take advantage of the Internet to develop.

However, the Internet commercial industry is not mature yet. It is really difficult for these two banks to wait for the opportunity to develop stably first.

Not to mention California, even the county where you are located has too many restrictions.

Therefore, after careful consideration and discussions with the Intelligent Group, Luo Nianzhong decided to wait a few years before developing Meiguo's business.

"Liang Botao has personally gone to England to discuss the acquisition of Barclays Bank."

Du Huilian and Liang Botao, two partners who later became famous in the Chinese circle, have been recruited by Luo Nianzhong in advance, and Du Huilian was recommended to Luo Nianzhong by Li Bancheng.

When he saw that Far East Bank was looking for a new president, Li Bancheng called Luo Nianzhong and said that he knew a person who was very talented in the financial industry.

When he said Du Huilian's name, Luo Nianzhong agreed to get in touch out of celebrity inertia.

Du Huilian had a good impression on Luo Nianzhong, and Robert also spoke highly of him in terms of professional knowledge. In addition, Far East Bank was not a big company at that time, so Luo Nianzhong chose to let him try.

Unexpectedly, not only did he do a good job, but he also hired Liang Botao for Luo Nianzhong.

It can only be said that gold always shines. Liang Botao has made many contributions after entering Far East Bank. In less than two years, he became the vice president in charge of investment business of Far East Bank. I hope he will also achieve the title of the father of red chips.

(End of this chapter)