Siheyuan (courtyard house): My name is Shazhu!
Chapter 366 Not All Bad Things!
The next day, He Yuzhu went to the company to explain Niu Niu's situation to the company's top bio-engineers and what risks Dongda Group would face.
"Mr. He, you took too much from Niu Niu's hometown. They don't have huge financial assistance, so the only way out is bankruptcy, and the country goes bankrupt!"
Having run out of funds and resources for reconstruction, they could only borrow money from all over the place, and then they began a large-scale looting of all the resources they could find.
Our focus here is undeniable, as are their wealthy individuals in China. We transferred funds from the bank, leaving behind HKD 100 million for emergencies.
Next up is Kuang Biao and Kuang Long's business. It's certain that they'll get their hard-earned money from banks like Niu Feng Bank and Niu Zha Bank.
A bank run can happen first; it's just a matter of depositing money elsewhere, that's not important. The important thing is that ordinary people's money must be in their own hands; they can't let them take it away!
"Hehe, we can finally get some exercise! We won't let them take a single dollar so easily!"
"What if these companies openly rob us?"
"It's unlikely. I personally think they'll only target our company, then increase taxes, taking away more tax revenue from here each year."
"If they dare to touch our company, we'll fight back. Even if we raise taxes, people will protest. What does it matter to us if something happens in their hometown?"
This isn't entirely their decision-making power; they also have to consider others' attitudes. They've lost their military strength; 'Honor' is just something they don't have anymore!
"Aren't you going to tolerate Niu Niu anymore?"
"They want our company. They've sent me to work as a sewing machine operator. Why should we put up with them? Anyone who tries to sabotage us will be executed along with their entire family, until they're afraid!"
"Let's leave it at that and see how they react. We'll decide what to do next, starting by taking the money from the bank."
"it is good!"
Before the desperate Niu Niu could make a move against Hong Kong, Masha and Lily arrived in Hong Kong together.
"Oh no, this time things are really serious in our country. The higher-ups are planning to restart the high taxes of twenty years ago to rebuild our homes. Welfare benefits are gone too. It's all in chaos!"
They even want us to lend them money! These shameless bastards have no sense of decency whatsoever! What should I do?
"They want to borrow money but don't have the money to rebuild the factory. The workers are going to lose their jobs. They are to ask the real person in charge for their wages. The factory is to be closed indefinitely."
Keep 100 million in cash, and invest the rest in various energy stocks and the stocks I told you about. Don't keep any cash.
"I still have a lot of cash, so it's not convenient for me to invest in stocks. Could you help me take a look at some stocks I can invest in? I don't want to lose money."
"It's a small matter. There are many good stocks to invest in around the world, as well as unlisted companies. Just add some money to boost the stock market."
"Your company should also be careful; if they're desperate for money, they might ask you for it."
"These brain-dead people have forgotten our great tree. If they go too far, war will break out. Do they dare to do that? They have no money but dare to fight a war. Do they want the country to perish?"
Stay in Hong Kong for a few more days. I'll have the company's finance department handle the investment for you. Don't listen to their nonsense if you're not going back.
"We also want to stay. Our families have already made arrangements. There's no water or electricity there; we're practically living in air-raid shelters. It's very chaotic after dark."
"Everything's arranged, so settle in. What business is it of yours, you little women, if anything happens?"
"Many of them are going to resign, and this time your good friend is coming up. That woman is no ordinary person."
What does it mean to be best friends? We are just friends who share common goals and can talk about many things we get along with.
Not necessarily. When we were chatting, she expressed great dissatisfaction with your current economic system, mainly because there are too many state-owned enterprises.
Although this woman seems a bit domineering, it might not be a bad thing for her to actually come to power at this time. She could privatize things and receive a considerable amount of fiscal revenue.
This is a fantastic opportunity for you! As the saying goes, the economic base determines the superstructure!
What you need to do is acquire everything regardless of cost; who knows who will be in charge ten years from now?
Especially telecommunications companies, oil companies, natural gas companies, water companies, power companies, regional power distribution companies, airlines, etc.
And your banks, I've heard that money falls from the sky like snow in your area.
How's your stock market doing this time? We need to take a look; maybe we can buy at the bottom.
"Our stock market is crashing, including all stocks. Luckily, I don't own any local stocks!"
"No need to think about it, I'll treat you to drinks to welcome you and wash away the dust of your arrival."
"I'm not drinking with you. We're going to eat. We're starving. Let's go to your father's restaurant for Tan family cuisine. I like it."
"We haven't eaten since we got off the plane, let's go."
A major incident has occurred involving cows. The Western world is in complete chaos, and it's impossible for cows to be used as beef products.
That robust and powerful bear hasn't fallen yet, and cows can't become beef products. No matter how delicious the steak is, we have to resist.
There are few reliable people left in Europe; the Hans Tiger has become the Hans Cat, and only the Bull still retains some semblance of its former self.
Don't think too highly of the other places, especially the rooster that surrenders faster than it attacks, and the traitorous Italian.
The Americans have figured it out: huge sums of money are coming in, followed by all sorts of raw materials and industrial equipment floating at sea.
Under the urging of their big brother, the eagle, the other animals of Europe brought funds and equipment to the cows, and along the way, they came to seize their market.
With the issues in Niu Niu's hometown unresolved, a massive run on Niu Zi's three banks in the port city has occurred.
Niu Feng Bank, Niu Zha Bank, and Li Ru Bank, the first Niu Zi Bank here, all face the same problem: their head offices back home are experiencing issues, and they need to fill the gaps.
To cover the shortfall, they will definitely use our deposits in their bank. They are no longer safe. We should quickly withdraw our deposits and deposit them in another bank.
As for their relationship with their hometown bank, what does that have to do with depositors? All I need to know is that you're all powerful people and your bank is unsafe.
We need to withdraw money!
Nobody cares about the others, but even if someone does care, aren't there still many people pushing things along?
As the run on the bank began, some of the underlings sent out by Dongda Group immediately disappeared, anticipating that others would get involved. Few can remain calm in the face of profit.
With three major banks in trouble, there's another big pie to be divided up!
Even the most powerful three banks couldn't withstand the large number of people withdrawing money. In just three days, HK$1.1 billion in deposits were lost. In 1975, there weren't many banks that could withstand that.
On the fourth day, all three banks closed simultaneously, ceasing operations for three days!
He Yuzhu and his group raised their glasses and laughed in the office. They were rich, but they couldn't afford to let someone take away 1.1 billion yuan in cash in just three days.
There are no billions of dollars in cash that can be easily withdrawn; they are all interbank guarantees, inter-bank lending, and so on. Their deposits are lent out in large quantities.
Banks that offer loans are most afraid of bank runs; if you can't find a large company to guarantee your loan, you're doomed.
Just like Hang Seng Bank ten years ago, when the bank has less cash than deposits, a run on the bank will occur and you won't be able to come up with any more money.
Hang Seng Bank is very powerful in Hong Kong now. It is backed by Dongda Bank. Dongda Bank doesn't seem to care much about deposit and withdrawal business or loan business. It seems to only like to serve the internal affairs of Dongda Group.
With Dongda Bank acquiring a 66% stake in Hang Seng Bank, becoming its absolute controlling shareholder, Hang Seng Bank began to operate with impunity, and its business grew rapidly.
By giving away 66% of the shares to Dongda Bank, leaving them with only 1/3 of the shares, their business has now increased at least tenfold.
Their shareholders made a fortune, and their employees' incomes increased dramatically!
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