Reborn Capital Madman

"At present, the difficult problems facing the Hong Kong economy are not only complex, but also very concentrated." Gao Xian said slowly: "The global economic recession, the depreciation of the Hong Kong dollar, the interest rate of the banking industry is high, the real estate industry and the stock market both collapsed, internal consumption shrank, and corporate profit margins declined ,97 questions, etc., put us in a special period of unprecedented variables."

Chen Bi nodded with deep emotion, "Sir Gao is right. This situation is more dangerous than the destruction caused by the war. Just like in the 1960s, the crisis suddenly emerged. , and once it breaks out, it is already terminally ill.”

Seeing Chen Bi agreeing with him so much, Gao Xian knew even more, "I think the crisis in the banking industry in Xiangjiang is wandering around us, and there are at least two incentives. One is that while the company's profits are falling, the debt level is too high. It may cause large-scale bad debts to banks; the second is that some banks operate illegally, causing themselves to be deficient. Once a crisis breaks out, it will have a chain reaction and affect the entire Xiangjiang banking industry."

"I can understand what Sir Gao means." Chen Bi pondered: "The first point should refer to an example of high-debt operations like Jardine, but the second point is that it refers to a bank run that occurred not long ago. Hang Lung Bank, but this is a misunderstanding, and Hang Lung Bank responded properly and soon returned to normal."

I have to say that Chen Bi and Gao Xian had a very tacit conversation, and both bypassed the Jianing commercial fraud case that should not have been avoided, exposing the current drawbacks in the financial field of Xiangjiang.

Chen Bi's biggest thought at this time was that he hoped that everyone would forget the disgraceful role played by Hudoli and Huifeng Bank in the Jianing commercial fraud case; Gao Xian, who had plans, would not stimulate Chen Bi.

What's more, Chen Bi had the intention of welcoming Sir Gao during this meeting, and he agreed with everything inside and outside. How could Gao Xian not give face?

"Sir Chen Bi thought that Hang Lung Bank had survived the crisis, but during Gao Yi's clearance of Yi Dai and Zhong Zhengwen's assets and debts, he discovered the figure of Hang Lung Bank, which is very likely to put Hang Lung Bank in a state of irreversible consequences." Gao Xian sighed. Tone.

Although Gao Xian and Gao Yi made great responsibly reminders that the outbreak of the Fifth Middle East War has added severe turmoil to the situation in the Middle East, which will cause fluctuations in gold prices, there are still winners, including a century-old brand. Xie Liyuan Gold Shop.

The collapse of the Bretton Woods system, the world oil crisis, the depreciation of the US dollar, etc., caused gold prices to continue to rise in the 1970s. During this period, Xie Liyuan Gold Shop launched a business called the "Thousand-Pile Gold Accumulation Plan".

As we all know, investment has a threshold. For example, opening an account with securities companies has many conditions, let alone precious objects such as gold. Even if various economies have lifted restrictions on private buying and selling gold, Not everyone can participate.

Xie Liyuan Gold Store's "Thousand-Perfect Gold Repository Plan" has been carefully designed to address this situation. Ordinary people only need to buy one gold to open an account in Xie Liyuan Gold Store, thus meeting the wide range of investment preservation and small profits Psychology, for a while, was very popular.

There is no problem with this business model, but Xie Liyuan Gold Shop has to face operating risks, especially after entering the 1980s, the price of gold continued to slide from its highest point, and the volatile trend was elusive. For example, after the outbreak of the Fifth Middle East War, gold was found to be the first to do so.

Prices rose sharply in August, with the usual unit of Xiangjiang gold market "two", reaching 1,500 US dollars.

It was at this time that Xie Liyuan Gold Shop failed. Because of insufficient gold reserves, he was forced to replenish his positions at a high level, resulting in serious capital turnover and finally he had no choice but to go bankrupt.

Turning around the world, there is a lot of news that Xie Liyuan Gold Shop has a very close relationship with Henglong Bank. Therefore, some investors who hold gold vouchers issued by Xie Liyuan Gold Shop moved and ran to the Yuen Long Branch of Henglong Bank and asked to hand over the deal.

The gold voucher on it is exchanged for cash.

Hang Lung Bank naturally refused, and new rumors emerged, and rumors of problems with Hang Lung Bank's payment capabilities spread wildly.

People in Hong Kong are quite sensitive to the problem of banks not being able to raise deposits. In a blink of an eye, they flocked to several branches of Hang Lung Bank in Yuen Long, Sheung Shui, Fanling, Tuen Mun and other places, queuing up to withdraw money.

In just one day, the cash withdrawn by Hang Lung Bank reached 70 million Hong Kong dollars, forming a trend of squeezing.

Banks that can survive to this day in Xiangjiang, no matter how big or small, have a few brushes, at least they do not lack experience in dealing with crises.

Zhuang Rongkun, managing director of Henglong Bank, quickly held a press conference at the Central headquarters and solemnly stated that Henglong Bank had no financial relationship with Xie Liyuan Gold Shop. At the same time, he mobilized 200 million Hong Kong dollars in cash from the headquarters overnight to various branches; the next day, he transferred seven more

HK$100 million in cash for emergencies; in addition, Standard Chartered and Bank of China issued statements that fully supported Hang Lung Bank, and Hang Lung Bank was finally able to solve the trend of squeezing at the cost of nearly HK$100 million.

The reaction in the circle is calm because the Hang Lung Bank branch, which was specifically squeezed, is mainly in the New Territories, and Hang Lung Bank's response is timely and appropriate, with nearly HK$100 million in cash being squeezed away, which is not unbearable for banks.

It hurts, let’s talk about it, who has never experienced the scene of squeezing and squeezing?

Now, everyone thinks it's over, but when Gao Yi was liquidating the debts of Zhong Zhengwen and Yida Assets, he discovered new problems. He was involved in the famous registered and accepted deposit company in Xiangjiang - Dalai Credit Finance Company.

Dalai Credit Finance Company had to accept the fate of being liquidated because it owed about HK$650 million in debts from 39 financial institutions led by Bank of America.

"Henglong Bank Managing Director Zhuang Rongkun and another Hanglong Bank director Li Haiguang are directors of Dalai Credit Finance Company Holding Company - Dalai Credit Holding Company." Gao Xian said in a heavy tone: "Dalai Credit Finance Company should

I owe 800 million to Hang Lung Bank, and local banks in Xiangjiang have always had a hidden rule, that is, bank directors can always get loans from the bank with chips far below the market level. I believe Hang Lung Bank will be no exception.

During the previous period of economic overheating, Hang Lung Bank over-lending the real estate industry, and there is absolutely reason to believe that Hang Lung Bank's actual operating conditions are very bad."

Hearing this, Shen Bi's face also became heavier.

You should know that Huifeng Bank is the quasi-central bank of Xiangjiang. While enjoying various privileges, it must also fulfill its corresponding obligations, including playing the role of the final guarantor.

To put it bluntly, if Hang Lung Bank really collapses, Huifeng Bank will definitely not be able to watch and not take action.

But the current Huifeng Bank is "harmed" by Chen Bi, and the construction of the new headquarters building costs $1 billion; the achievements of the North American region of the international business "triangle bench" strategy - Haifeng Bank of America, in units of $1 billion Blood draw; the Jianing commercial fraud case has caused scandals between Duoli and Huifeng Bank; American banks with huge power of governance have taken the opportunity to secretly quarrel...

In short, when the "pay money", Chen Bi couldn't help but start to have a headache.

Chen Bi thought for a while and asked, "Sir Gao, how do you think we should deal with the disadvantages that may be widely present in the banking industry?"

Gao Xian replied without thinking: "I think, first of all, the Banking Guild and the Finance Department must clearly quantify an indicator, namely the capital adequacy ratio of banks. According to Gao Yi's research results, the capital adequacy ratio is less than four percent. Banks, in this special period, there will definitely be problems, and the capital adequacy ratio of Hang Lung Bank is definitely less than 4%.

After talking here, Chen Bi began to show his wishful thinking, "Sir Gao's insights have won everyone's conviction, and it is also an industry model for the bank and Gaoyi Bank."

"So, I think the favorable banks under Sir Gao should be allowed to assume more important industry responsibilities."

Speaking of this, Chen Bi emphasized his tone, "Huifeng plans to recommend the bank to serve as the chairman of the Xiangjiang Bank Association next year, which is just convenient for Sir Gao to rectify the problems he just mentioned."

When Gao Xian heard this, he was slightly stunned because this was not what he expected. The chairman of the Xiangjiang Bank Association had always been Huifeng and Standard Chartered as the banker.

However, Gao Xian soon realized that although Chen Bi kept echoing him on the surface, he had already had a way to help Hudoli and Huifeng Bank completely divert the outside world's attention to his scandal. That is, For the first time, let Youli Bank serve as the chairman of the Xiangjiang Bank Association.

After thinking through this, Gao Xian smiled, "For the kindness and respect of Sir Chen Bi and Huifeng, of course, we must not be ungrateful, but in the specific work, the benefits are inseparable from Sir Chen Bi and Huifeng's support."

Seeing Gao Xian approaching his "Tao", Chen Bi laughed loudly with satisfaction, "That's natural."