Reborn Capital Madman

Following in the footsteps of Hong Kong Bank, the bank that unfortunately fell into the squeeze vortex was Union Bank, which also fell into the category of small Hong Kong Chinese banks.

Regarding the run on Union Bank, the reaction from all walks of life is a kind of normality, even a bit numb. After all, Xiangjiang has experienced a lot of ups and downs in the stock market, collapse of the real estate industry, banking crisis, and even the Great Depression.

, so that many people took the opportunity to make a fortune in such a "trampled" situation. It can be said that no matter how stupid they are, they have been baptized into seeing the world.

However, Union Bank, which has been driven around by the wave of bank squeezes, still has a new trick that makes people "eye-catching".

When Chen Zuze, general manager of Youlian Bank, reported the situation to Gao Xian, he mentioned that Wen Rencai, chairman of the board of directors and general manager of Youlian Bank, was not in Xiangjiang at this time, but went to the United States, reportedly for medical treatment.

"Going to the United States to see a doctor?" Gao Xian laughed hoarsely. "A few days ago, at the reception where Lili Bank took over as the chairman of the Hong Kong Banking Association, I chatted with Wen Rencai for a while. He was in good condition at the time."

Chen Zuze shrugged and added: "According to the latest information, currently, in addition to the chairman Wen Rencai, there are two directors on the board of directors of Youlian Bank who claimed to be ill and left Hong Kong for the United States."

Gao Xian frowned, "So, now Youlian Bank is completely operating according to inertia?"

"It is indeed the case. I estimate that under the huge pressure of the run wave, Youlian Bank has suffered a serious loss of deposits, and its remaining employees will collapse first before all reserves are exhausted." Chen Zuze smiled bitterly, "Wen Ren is so cool.

Yes, but he left without caring, which really gave us a big problem."

Gao Xian was a little annoyed, "What on earth are Wen Rencai and his gang thinking? Are they classifying themselves as Chen Songqing, Zhong Zhengwen, Zhuang Rongkun, Zhang Mingtian, Ye Zhungling and others? They have really done something illegal and are afraid that they will be held accountable if they are investigated."

, was caught and put in jail?”

Chen Zuze analyzed in an uncertain tone: "Maybe, Youlian Bank is already insolvent, and Wen Rencai and others are afraid that they will be brought down even if they have not done anything illegal."

Having said this, Chen Zuze suggested: "The risk of the insolvency of Youlian Bank should be borne by the government. Our obligations are limited to quelling the current banking crisis and maintaining financial stability in Hong Kong."

Gao Xian touched his beard and said thoughtfully: "That makes sense. You are right to the point. When you are a savior, you cannot act recklessly. You still have to reap as many benefits as possible."

While they were discussing, the Hong Kong Financial Secretary Peng Lizhi called and asked how the Banking Association was going to deal with the run on Union Bank.

Gao Xian sighed into the microphone, and said with helplessness in his voice: "Wen Rencai, chairman and general manager of Youlian Bank, said he was ill and went to the United States. Two directors of Youlian Bank did the same.

In this situation, even the most basic person in charge cannot be found. How can we talk about such a leaderless situation? Otherwise, the government should take over Union Bank first."

Financial Secretary Peng Lizhi immediately heard a cough from the microphone, and Chen Zuze who was standing next to him almost laughed out loud. Financial Secretary Peng Lizhi must have been shocked, because the Hong Kong government had already taken over Hang Lung Bank and Overseas Trust Bank, so he could wait.

After these two banks turned losses into profits, they were returned to the hands of the market. This kind of takeover was not a pleasant experience, even for the government.

Now, the chairman of the board and general manager of Union Bank is hiding Maomao. Only the Hong Kong government can take over the situation to quickly break the situation, but Financial Secretary Peng Lizhi will inevitably have a big headache.

This was indeed the case. Financial Secretary Peng Lizhi did not immediately express his position on the phone, but suggested: "Sir Gao, let's have a meeting first to discuss it in detail."

After everyone was gathered, the meeting fell into silence for a while, because everyone must first consider the cost if they engage in such a bad thing, and the British people who agreed with Benefit Bank to take over as the chairman of the Hong Kong Banking Association, naturally hope that Sir Gao will come forward.

Gao Xian was not in a hurry to speak. Youlian Bank could not be compared with Xiangji Bank. After all, Ma Jingxi was his father-in-law, and he knew the situation of Xiangji Bank and even Xiangji Group very well. Three times five divided by two

Of course, it is not a problem for the local government to provide support. As for Union Bank, it is simply an outsider, so it is not worthy of such dedicated efforts.

Of course, Gao Xian is not opposed to supporting Union Bank, but this requires the British to explicitly ask for it and meet certain conditions.

In the end, Financial Secretary Peng Lizhi had to come forward to act as the villain who let Gao Xian take over. "Sir Gao, the government has taken over Hang Lung Bank and Overseas Trust Bank one after another, which is very stressful. Previously, Huifeng, Standard Chartered, and Bank of China...

Gaoyi and Gaoyi have already taken actions to calm down the run on the banking industry. It is better for Union Bank to ask Yili to come to the rescue."

Seeing that Financial Secretary Peng Lizhi made the request in a clear manner, Gao Xian certainly would not refuse, but the conditions must be negotiated clearly in advance, "As the current chairman of the Hong Kong Banking Association, Benefits Bank naturally has a duty to do so."

"However, the Financial Secretary and Union Bank's situation also has its own particularities. At least so far, Union Bank has not had any scandals like Hang Lung Bank and Overseas Trust Bank. However, Wen Rencai, Chairman and General Manager of the Board of Directors,

As well as two other important directors, they all claimed to be ill and left Hong Kong for the United States, which makes me have to wonder whether the situation of Union Bank has collapsed to the point that it cannot continue to be profitable."

Financial Secretary Peng Lizhi quickly asked: "What does Sir Gao think we should do?"

Gao Xian showed his bottom line and said: "Secretary of Finance, I want to sign an agreement with the government before Youlian Bank takes over Youlian Bank. That is, if Youlian Bank is really insolvent, the government will bear the shortfall, and Youlian Bank will be borne by the government."

Banks can concentrate on investing in Union Bank and injecting capital into Union Bank to help Union Bank get out of trouble and ultimately achieve the goal of stabilizing the banking industry in Hong Kong."

Financial Secretary Pang Lai-chi did not think for too long before he nodded in agreement, because it does make sense for the Hong Kong government to take the blame for the risk of Union Bank's insolvency, and even if it spends money to fill the hole, it is easier than having to go through the Legislative Council and pass it on the third reading.

The comprehensive takeover process is much easier.

Once the agreement was finalized, Chen Zuze immediately led a team in person and went to the headquarters of Union Bank to first find out how much reserves there were in Union Bank.

You don’t know if you don’t check it. But when you check it, you will be shocked. You will find that the deposits of Union Bank are less than HK$700 million, which is barely equivalent to one-third of the previous normal level. It is really suffering from this run wave, and Union Bank has gone up.

Up and down, there is a lot of pessimism, and a complete collapse may occur at any time.

What is barely good news is that although Union Bank has a lot of problems, it has not yet discovered that there is a big hole like the overseas trust bank. After the bad situation of Union Bank is reversed, whether it is selling off Union Bank

Union Bank, or integrating Union Bank into the Gao Bank Group system, should be a good deal.

At the same time, after many contacts, Wen Rencai, chairman and general manager of the Union Bank, who left Hong Kong claiming to be ill and went to the United States, was finally found.

Gao Xian said angrily to Wen Rencai on the other end of the phone: "Mr. Wen, you are so cool. You left Youlian Bank in such a mess, and it finally fell on the shoulders of Youlian Bank, forcing me to find a way to solve the problem of Youlian Bank."

Banking crisis.”

Wen Rencai coughed feebly, "I'm sorry, Sir Gao, for causing you trouble..."

Your uncle, you are still pretending to be sick at this time. Gao Xian interrupted impatiently: "Who said that the favorable bank is now the chairman of the Hong Kong Banking Association? The responsibility of maintaining the stability of the banking industry in Hong Kong must be shouldered. I can help Mr. Wen wipe it."

butt."

"But everyone must follow the example of others and pay attention to rules and regulations. Mr. Wen, you should hold more than 46 million shares of Union Bank stock. In this way, it will be beneficial for the bank to bid 0.2 yuan per share, all of which

Acquired."

Wen Rencai stopped coughing and complained: "Sir Gao, this price is too low..."

Gao Xian interrupted again coldly: "This is already a benevolent offer. Now Youlian Bank may collapse at any time due to a run. By then, not only will you never get a penny again, but you will definitely be punished by the government."

Hold accountable.”

"Although Huang Changzan of Overseas Trust Bank is still in the United States, Zhang Chengzhong is still in Malaya, and Xiangjiang is negotiating extradition matters with relevant parties, does Mr. Wen also want to be on the extradition list?"

Wen Rencai took two heavy breaths and said, "Thank you Sir Gao for your advice and help. I agree. Please also ask Sir Gao to help you over there in Xiangjiang. I am actually quite law-abiding."

Seeing that Wen Rencai was aware of current affairs, Gao Xian was too lazy to waste time talking harsh words. After putting down the phone, he immediately ordered the Gaoyi Securities Department to take over the shares of Youlian Bank held by Wen Rencai.

Chen Zuze was very excited after receiving the news, "Now we have control of Youlian Bank, and we can finally act conveniently. By the way, what price does Wen Rencai want?"

Gao Xian said calmly: "I didn't want to push Wen Rencai too far, so I quoted a price of 0.2 yuan per share, and he agreed."

Chen Zuze opened his mouth and almost blurted out that the boss didn't just bargain, but cut into the flesh when he bargained. He quickly changed the topic and said: "Then I will officially announce to the outside world that Yi Bank will take over Youlian Bank, so as to calm the current situation.

It’s become a trend.”

Gao Xian nodded slightly, "When the situation of Youlian Bank stabilizes, our experience in responding to this banking crisis can be summarized into a model that is mature enough, trustworthy enough, and worthy of promotion. In this way,

, will definitely be conducive to comprehensively quelling this banking crisis, and it is worthy of our busy schedule."