Reborn Shenhao Miner

Chapter 332 Target Standard Chartered Bank!!

Just when Bai Jie went to Hangcheng as the executive director of Alibaba Group, he set up the Alibaba mineral futures trading platform.

Li Mingxuan stayed in the imperial capital for about a month, and returned to Gangjiang after dealing with some real estate matters.

He came to the Splendid Investment Company in the Hong Kong River Central Financial Building recently, because of Li Mingxuan, the big financial owner behind him, Xu Xin, as the queen of the investment world, can be described as unmatched.

She has successively financed the innovative Niu Hengrui Pharmaceutical, Chenming Paper Industry in the paper industry, Huadong Medicine in the pharmaceutical circulation sector, and Angel Yeast in the food sector16 and she is preparing to pull these companies down to the Hong Kong Stock Exchange for listing.

Li Mingxuan is still quite satisfied with her vision, not to mention that Hengrui Pharmaceutical and Angel Yeast are also famous in later generations.

To be honest, although he himself does not know much about the development of these enterprises.

But as long as these companies are alive in 20 years, it means that these companies are valuable.

And many enterprises are quickly ST (referring to stocks that have been specially treated by domestic listed companies, which is also a delisting risk warning) after listing, which is much better.

Although Fairview Investment can’t take a controlling stake in these companies, to be honest, Li Mingxuan has no interest in managing a paper or yeast company.

The main thing is that time and output are not proportional.

At this time, Li Mingxuan sat on the sofa in Xu Xin’s office, looking at an investigation document.

Standard Chartered’s shareholding structure and the bank’s profitability.

As a result, he smiled as soon as he looked at the document.

Because Standard Chartered Bank has recently been exposed to a huge problem, they are likely to have lost a large loan in the plaster, which is actually a loan between banks.

This is normal under normal circumstances, and the short-term loan interest given by the other party is very high.

Given the credibility of Plaster Bank and the stability of financial markets, Standard Chartered has no reason not to borrow this than money.

However, I didn’t expect that there would be unexpected storms in the sky!

The plaster turned out to be an incredible financial crisis for itself in the context of the global financial recovery.

The loss of large amounts of gold and marketable bonds triggered a cascade of reactions.

The first to be unlucky was the banking sector.

Overnight, small and medium-sized banks went bankrupt because they simply could not repay the amount of those bonds.

The bankruptcy of these banks is directly like dominoes.

Will plaster stock market shock.

The whole plaster seems to return to the Great Depression era of the financial crisis of ’97, plus the killing of chaebol families, resulting in leaderlessness, and some even staged a drama for inheritance.

So a medium-sized bank that had been dismantled with Standard Chartered Bank did not survive.

As a result, Standard Chartered Bank has an additional bad debt of £860 million.

Just before this one, Standard Chartered lost one-third of its capital.

In fact, the total market capitalization of Standard Chartered at this time, 957, is less than 3 billion pounds.

Such a bad debt is the second huge loss in history in 1992 after the Abu San banking regulator accused several employees of Standard Chartered Bank in Mumbai of illegally transferring depositors’ funds to speculate on the stock market.

The last loss almost knocked Standard Chartered to a halt, and it took years to recover.

And this time, as soon as the bad debts of up to 860 million pounds were reported, Standard Chartered Bank’s share price plunged in London.

There is even a run on the Hong Kong River, as if the people are afraid that Standard Chartered Bank will go bankrupt and swallow up their money.