Hong Kong Giant Owl: Rebirth

Chapter 902
"Where did the gold come from?" Qin Zhongyuan asked.

Qin Jiangshan shook his head: "Many of them are circulated to the gold market through some gold trading companies, and some are sold privately. Anyway, there are many sources, and I don't know what's going on. The gold was sold out, which caused the price of gold in the gold trading market to drop a lot.”

Qin Zhongyuan rubbed his chin: "You said, will the turmoil in the gold trading market this time be aimed at HSBC?"

"Probably not. The sources of the gold are numerous and scattered, and it is unlikely that they were deliberately manipulated." Qin Jiangshan analyzed: "As for someone selling HSBC's stock, it is possible that some people saw it. HSBC's share price fell to add insult to injury."

Qin Zhongyuan nodded slightly: "Anyway, this time, HSBC must be in a state of distress."

"What about Hang Seng Bank..." Qin Jiangshan showed concern.

"That's right, HSBC must be too busy to take care of itself now, and it's unlikely to be distracted by Hang Seng Bank." Qin Zhongyuan frowned and said, "Now we don't know who He Shanheng is going to transfer the shares to, and how much is the transfer share. .”

After a pause, Qin Zhongyuan told Qin Jiangshan: "Jiangshan, now HSBC can no longer rely on us. We have to rely on ourselves. Go to the government to find out who He Shanheng is trading Hang Seng Bank with!"

Qin Jiangshan nodded and said, "Understood, brother, I'll go right away."

The Qin family has developed in Hong Kong for so many years, and they still have a lot of contacts in the government. Although the Qin family did not focus on building a good relationship with financial institutions, they can also use other people in the government to make indirect information and find out what they want. .

A day later, Qin Jiangshan, who had been back and forth many times, finally got some useful information from an aide of Hong Kong Governor Gregory Hung.He immediately came back to find Qin Zhongyuan, and reported to Qin Zhongyuan what he found out: "Brother, the one who bought Hang Seng Bank is an American company called 'Zeus Fund'!"

"Zeus Fund?" Qin Zhongyuan stood up immediately: "What kind of company is this, why have I never heard of it?"

"I have inquired. This 'Zeus Fund' is a newly established fund company that specializes in financial investment in the United States." Qin Jiangshan said: "They just bought a bank that was on the verge of bankruptcy in the United States not long ago. And bring that bank back to life in just over a month!"

Qin Zhongyuan really didn't have any idea about this "Zeus Fund". He asked Qin Jiangshan, "How much equity did He Shanheng transfer to them?"

"50.00% one." Qin Jiangshan said: "In other words, He Shanheng has already transferred out the controlling stake in Hang Seng Bank. Brother, do you think we can stop their acquisition this time?"

Qin Zhongyuan sighed: "Stop it? How can we stop it? Our influence on the government is incomparable to that of HSBC. Now that HSBC is too busy to take care of itself, how can it support us? The most important thing is that the government Bian is also waiting for the next company to acquire Hang Seng Bank and take over the mess of Hang Seng Bank."

Qin Jiangshan also knew what Qin Zhongyuan meant, and said: "I understand that if HSBC Bank took over, this would be the best thing. Who knew that HSBC Bank would have such a change. Now they want to buy Hang Seng Bank, I'm afraid We can’t afford to spend so much money.”

Obviously, the stock price of HSBC Bank in London has fallen so much. On the one hand, HSBC Bank has to transfer funds to London to deal with it; What will happen after returning to Hong Kong.

This tight move of HSBC directly made it impossible for them to acquire Hang Seng Bank. At least before this crisis passed, they dared not and were unable to acquire HSBC. Instead, they had to be careful not to let themselves get out The turmoil of crowding rolled up on him.

As for the government, Qin Zhongyuan believed that Sanders had actually negotiated with the British Hong Kong government early in the morning, and the government also felt that it was the best way for HSBC to acquire Hang Seng Bank.Therefore, Qin Haoran estimated that when He Shanheng submitted the application for equity transfer to the government, the government must have deliberately suppressed the application for a while. On the one hand, it was to gain time for himself to find out the details of the "Zeus Fund", on the other hand It is also to better ask for more benefits from HSBC.

To put it bluntly, the British Hong Kong government is a fool on the wall, and whoever offers a higher price will be inclined to him.However, just as they were waiting for the news from HSBC, HSBC had such a change, and the attitude of the government immediately changed.

That's why the government didn't notify Sanders of He Shanheng's application.

"Stop the acquisition of Hang Seng Bank? How do we stop it?" Qin Zhongyuan said: "First, we don't have enough funds to replace this 'Zeus Fund', and second, we don't have enough influence to put pressure on the government."

Qin Jiangshan also nodded involuntarily, this time there was really nothing they could do.

Thinking that Hang Seng Bank will change hands to other people, both Qin Zhongyuan and Qin Jiangshan could not help complaining and angry, because they had spent a lot of effort in order to be able to share the big cake of Hang Seng Bank, but now, all these efforts are in vain up.

Just as Qin Zhongyuan and Qin Jiangshan thought, due to the change in HSBC, the British Hong Kong government no longer suppressed the application submitted by He Shanheng, and soon agreed to the Hang Seng Bank's application for equity transfer.

After obtaining the consent of the British Hong Kong government, Hang Seng Bank immediately announced the news through major newspapers, and the citizens of Hong Kong also knew that a company called "Zeus Fund" offered 50.00 million Hong Kong dollars to acquire Hang Seng Bank for [-] %[-]'s shareholding.

While the major newspapers published the news, many newspapers' current affairs and financial columns published articles analyzing the incident.Many of these financial columns point out that the current market value of Hang Seng Bank is about HK$50.00 million, and a 100% stake is equivalent to a value of HK$100 million.But the "Zeus Fund" was willing to bid [-] million to buy shares worth only [-] million, which shows that this "Zeus Fund" is very optimistic about the development potential of Hang Seng Bank.

Citizens also generally agree with this statement, because they all believe that no one will spend the extra 4000 million yuan to superfluous.

Unknowingly, the direction of the Hong Kong media towards Hang Seng Bank has changed. From the previous reports of rumors that were unfavorable to Hang Seng Bank, it is now guiding public opinion in a direction that is beneficial to HSBC.

Naturally, the efforts of He Shanheng and Qin Haoran were involved in this. On the other hand, due to the desperation of HSBC Bank itself, there is no time to interfere with public opinion.

At the same time that Hang Seng Bank announced the change of ownership, Hang Seng Bank also announced that there will be no changes in the management and grassroots personnel of Hang Seng Bank. The position of the board of directors and the membership structure of the board of directors have not changed much. The "Zeus Fund" has only appointed two people to the board of directors for supervision.

In the chairman's office of Longsheng Bank, Qin Zhongyuan looked at the newspaper and read the report on the acquisition of Hang Seng Bank in detail. When he saw that He Shanheng, Li Guowei and others could retain their positions in Hang Seng Bank, he beat on the desk angrily. With a punch, there was a "bang".

Because Qin Zhongyuan also knows that the greatest strength of Hang Seng Bank is actually reflected in people like He Shanheng and Li Guowei. It is because of their abilities that Hang Seng Bank can continue to develop.Qin Zhongyuan originally thought that if "Zeus Fund" replaced all the original management of Hang Seng Bank and let its own people take over, then HSBC Bank would definitely go through a period of adjustment, and those foreigners would not be interested in Hong Kong's banking industry. I understand that Qin Zhongyuan can use this to suppress Hang Seng Bank, and even take this opportunity to surpass Hang Seng Bank.

Who knew that the "Zeus Fund" did not make any changes to the original management of Hang Seng Bank, and even sent two people to supervise it. This is a completely "indulgent" attitude.Qin Zhongyuan wondered if there was some ulterior secret between the boss of the "Zeus Fund" and He Shanheng.

Anyway, Qin Zhongyuan's plan to let his Longsheng Bank replace Hang Seng Bank and become the largest Chinese bank in Hong Kong this time has been completely shattered.

At the end of the acquisition of Hang Seng Bank, the news that HSBC's stock price in London plummeted finally came back to Hong Kong. Something happened to the bank due to the sharp drop in the stock price, so I went to HSBC to withdraw all my deposits.

Small citizens usually have a very strong blind obedience. When they see someone withdrawing all their deposits at HSBC, they all follow suit. They are afraid that something will happen to their money if they stay in HSBC.

As a result, the bank run incident directed by HSBC finally harmed their own interests.This made Sanders very angry, because this time he was self-defeating, he was named and criticized by the headquarters of HSBC Bank, and his status as the top class was also shaken. If he made any mistakes in the future, he might be banned.

Things have developed to this day, and all banks in Hong Kong have been affected by this run, not limited to Chinese-funded banks.

"Hmph! This time, HSBC has picked up a stone and shot itself in the foot." In the study, He Shanheng smiled at Qin Haoran.

(End of this chapter)