In Hong Kong, we build a global business empire

Shen Bi's words were undoubtedly a formal declaration of war on the Bank of East Asia, and his purpose was to directly destroy the Bank of East Asia!
As the unique overlord of Hong Kong's financial industry, Bank of East Asia is backed by the famous new richest man in Hong Kong, Lam Ho Yin. Previously, both parties had a very good relationship in front of the media.

At this moment, Shen Bi declared war on the Bank of East Asia on behalf of Huifeng Bank, and even on behalf of the vast majority of banks in Hong Kong!

Before this, no one had ever thought that the two would become enemies.

The media present already knew that there would be a big news today.

But this big melon is completely beyond everyone's imagination.

“But what evidence do you have to prove that Bank of East Asia has the problems you mentioned? It doesn’t seem reasonable to ask customers to make such a difficult decision based on your one-sided statement alone?” After Shen Bi answered the questions from the Oriental Daily reporter, the TVB reporter followed up with a follow-up question.

Shen Bi frowned slightly, secretly cursing these reporters under Lin Haoran for being difficult to deal with.

But on the surface he remained calm: "We have obtained some preliminary clues and are currently investigating in depth. Before the truth is found out, it is necessary for us to take preventive measures to prevent more customers from being potentially harmed.

Moreover, this is also a warning to Bank of East Asia. We hope they can face up to their own problems and actively rectify them.”

……

At ten o'clock in the morning, the press conference of the Hong Kong Bankers Association had ended and the reporters were asked to leave the scene.

As for the big guys present, they naturally continued their spy work.

As the reporters left, what happened at the scene spread rapidly.

Hong Kong is not big to begin with, so it doesn't take long for news to spread.

Many shareholders already knew at this time that the establishment of the Hong Kong Banking Association had become a stage for criticizing the Bank of East Asia. The "warning theory" and "prevention theory" put forward by Shen Bi were like a huge rock thrown into a calm lake, causing a thousand waves. The whirlpool of public opinion quickly drew the Bank of East Asia into it.

You know, Bank of East Asia was acquired by Lin Haoran.

At this moment, Huifeng Bank actually publicly declared war on Bank of East Asia. Everyone knows what this means.

It represents the official breakup between the two overlords of Hong Kong's business world!
The financial industry is the area where Huifeng Bank is most proficient.

In addition, almost all banks in Hong Kong have joined the Hong Kong Banking Association. In this case, does Bank of East Asia still have a chance of winning?
Moreover, when Lin Haoran faced reporters last night, he said that he had no plans to transfer the financial operations of his subsidiaries, such as the Hong Kong Land Group, to the Bank of East Asia for the time being.

At the same time, Li Peicai's family will also withdraw from Bank of East Asia!
So in this case, what advantages does Bank of East Asia have?

What hope is there for Bank of East Asia’s future?
What happened at the founding ceremony of the Hong Kong Bankers Association spread very quickly due to the spread of news by people with ulterior motives.

In particular, shareholders of Hong Kong's four major stock exchanges were the first to know about this.

In Hong Kong, basically all large and strong companies will be listed on the four major stock exchanges. The purpose of this is to broaden financing channels, enhance brand awareness, increase stock liquidity and attract the attention of investors throughout Hong Kong.

In this situation, the four major stock exchanges are obviously a bit redundant, which is one of the reasons why the four major stock exchanges were later merged into one stock exchange.

Hong Kong is not a big city, but it has four stock exchanges, which has to some extent caused the dispersion of resources and disorderly competition.

In order to compete for high-quality listing resources, various exchanges have competed to lower listing thresholds and relax regulatory standards, resulting in a mixed market and a strong atmosphere of speculation.

Now, Bank of East Asia is caught in the vortex of public opinion and industry suppression. The attitudes and trends of the four major stock exchanges will undoubtedly add more variables to this crisis.

For a moment, citizens all over Hong Kong began to talk about it.

Although many people sympathize with Lin Haoran's experience and the experience of Bank of East Asia, this is obviously unfair competition.

However, sympathy is one thing, and how to make a rational choice is another!

Today, Huifeng Bank has joined forces with most other banking institutions in Hong Kong to isolate Bank of East Asia. Everyone knows that although Lin Haoran is very strong in the business world, the banking industry is definitely his weak point.

In this case, if they are asked to choose Bank of East Asia or other banks, they will naturally understand how to make the choice.

So, when shareholders learned about this, they knew that the share price of Bank of East Asia would definitely plummet.

As a result, Bank of East Asia's share price soon began to fall.

HK$24, HK$23, HK$22, HK$21…

When it reached noon, the share price of Bank of East Asia had fallen below HK$20 to HK$19.5 per share.

However, this is definitely not the bottom line for Bank of East Asia.

Near noon, under the covert operation of the intelligence agency controlled by Shen Bi, an extremely inflammatory rumor spread like a virus among the citizens of Hong Kong: "The Bank of East Asia has now been isolated by other banks in Hong Kong, and its capital chain is in jeopardy. Sooner or later, the stored funds will be withdrawn.

If everyone transfers funds slowly, Bank of East Asia might run out of money and not even have money to transfer.

Although Lin Haoran is a major shareholder of Bank of East Asia and his financial strength cannot be underestimated, Bank of East Asia is, after all, a listed company.

Even if the depositors withdraw all the cash in the Bank of East Asia, even if it causes its capital chain to break, Lin Haoran has no obligation to continue to inject capital. At that time, the funds that cannot be withdrawn may be lost and become a nightmare that countless families and individuals cannot bear! "

The rumor spread quickly in the streets, teahouses, taverns, and office buildings, causing panic wherever it went.

Customers who were already worried about the future of Bank of East Asia were even more frightened by this rumor.

As a result, large queues of citizens began to appear at the 20 branches of Bank of East Asia in Hong Kong.

A long queue had formed in front of a branch of Bank of East Asia in Central, and the depositors looked anxious and talked a lot.

"What should I do? Hasn't the Bank of East Asia always had healthy funds? How come I suddenly heard that the Bank of East Asia is going to collapse? All my money is in it, and I can't just lose it like that." A middle-aged woman said with a worried look on her face, clutching the passbook tightly in her hands.

"That's right. I've heard about it too. Huifeng Bank has joined forces with so many banks to deal with Bank of East Asia. Bank of East Asia is definitely no match for them. It's better to withdraw the money quickly and keep it in your own hands to feel at ease." An old man next to him echoed, fear in his eyes.

As the rumor spread, more and more people lined up.

Even some citizens who were still working hurriedly asked for leave from their companies and queued up nearby to withdraw cash.

At some branches of the Bank of East Asia, there were queues of hundreds of meters long, which was quite spectacular, just like the tragic scene when the Hang Seng Bank was swept by a bank run more than a decade ago. The atmosphere of panic hung over the Hong Kong financial community like a dark cloud.

As a local bank in Hong Kong second only to Bank of East Asia, Hang Seng Bank and Standard Chartered Bank, Bank of East Asia is not strong enough to compete head-on with Bank of East Asia, but it is by no means vulnerable.

For example, last year, the deposits of the entire Bank of East Asia reached more than 6 billion Hong Kong dollars.

Today, compared to last year, the time difference is not far. According to common sense, even if the scale of its deposits fluctuates, there should not be a crisis of a broken capital chain.

But at this moment, the surging bank run was like a ferocious beast, ruthlessly attacking the seemingly solid defense line of Bank of East Asia.

Who would have thought that the Bank of East Asia, which has always had healthy funds and even has a big boss like Hong Kong's richest man, Lin Haoran, behind it, would face such a situation.

Bank of East Asia Headquarters Building.

Li Fushu looked at the information passed on by his employees and suddenly regretted it.

Why didn't he agree to sell it to Lin Haoran at HK$20 per share yesterday?
Given the current situation, let alone HK$20, it is possible that the price per share may be below HK$10 in the afternoon!

Lin Haoran was sitting opposite him.

At this moment, he really wanted to propose selling the stocks to Lin Haoran again.

"Mr. Lin, are you so indifferent to the current situation of the Bank of East Asia? My handover with the Bank of East Asia has basically ended. After today, I will have nothing to do with the Bank of East Asia.

You also know how much money the Bank of East Asia has on its books. Such a run on the bank will sooner or later lead to the bankruptcy of the Bank of East Asia, and by then, all the money you invested before will be wasted. "Li Fushu couldn't help but speak after all, with a hint of anxiety and unwillingness in his voice that was difficult to conceal.

He originally wanted to see if he could sell the remaining shares through the market, but he did not expect the situation to take a sharp turn for the worse. Now Bank of East Asia is mired in a quagmire. Although he has mostly pulled out of it, he still feels mixed emotions as he sees that all his hard work is about to be destroyed.

In addition, he still had a lot of stocks that he had not sold, which made him very much hope that Lin Haoran could take action to save the Bank of East Asia.

The customer deposits of Bank of East Asia are more than 6 billion Hong Kong dollars, but more than 3 billion Hong Kong dollars of them have been loaned out. In other words, the actual funds on the books of Bank of East Asia are less than 3 billion Hong Kong dollars.

The loaned funds cannot be recovered at any time, but there is a certain time limit.

Faced with a run on the bank by customers, Bank of East Asia’s funds would sooner or later be withdrawn.

By then, there will naturally be no money to withdraw.

In this situation, everyone can imagine the ending of Bank of East Asia.

"Don't be in a hurry. They haven't been taken away yet. Let's talk about it after they are taken away!" Lin Haoran smiled calmly.

Of course, he already knew everything about the Hong Kong Banking Association.

But facing the isolation of almost all banks in Hong Kong, he was not panicked at all.

Because, in this way, he would be able to completely privatize the Bank of East Asia at a very small cost.

Let the stock price fall, the more it falls, the better.

The targeting of Huifeng Bank was undoubtedly to help him in the privatization of Bank of East Asia.

After the privatization is successful, he will naturally rescue the Bank of East Asia and at the same time begin to respond to the challenges from the so-called Hong Kong Banking Association.

Lin Haoran had already made up his mind that this storm, which seemed like a crisis, was actually a good opportunity for him to privatize the Bank of East Asia.

Shen Bi was making plans, and he was also making plans.

If he starts to provide assistance to Bank of East Asia and rescue the market at this moment, wouldn't that push up the stock price?
He is not that stupid. (End of this chapter)