Reborn Capital Madman

The human heart is a very wonderful existence, and the current crowding trend is one of the functions of the human heart.

When Chen Zuze led his team to the headquarters of Youlian Bank, held a press conference, and publicly announced that after taking over the Bank, the employees of Youlian Bank immediately got rid of the panic state of being at a loss and quickly restored the working order; The depositors in the business departments of the twelve branches saw that the spirit of Union Bank was different, and they no longer felt anxious, as if the end of the world was coming.

The situation of Union Bank has been stabilized with visible progress, and it will not have a terrible domino effect on the entire Hong Kong banking industry.

Of course, it is undeniable that after this wave of runs and withdrawals, Union Bank's vitality was hurt, and it lost more than 70% of its deposits alone.

But looking at it from a higher perspective, when depositors withdraw their deposits from Youlian Bank, they cannot always keep them in their hands. They still have to find a bank to deposit them in, which will benefit the bank and Gaoyi Bank to recover more or less. part of the funds.

The Financial Secretary of the Hong Kong Government, Peng Lizhi, was very satisfied when he saw that the crisis of Union Bank had been resolved. The Hong Kong government shouldered the insolvency gap of Union Bank and it was worth the money. While stabilizing Hong Kong's finance, it was less necessary to take over Hang Lung Bank. The process of setting up an overseas trust bank is like being a mother-in-law.

Under such circumstances, when Chen Zuze summarized the Hong Kong banking industry's crisis response experience this round, which was characterized by a wave of bank runs, he was confident, and the participants also expressed their agreement.

"The reason why this banking crisis has been controlled within a certain range and has not spread until now is due to the close cooperation between the Financial Secretary and the Banking Association."

"In particular, the rapid resolution of the crisis of Union Bank best reflects this effectiveness. The government is responsible for the insolvency gap of problem banks, and the Banking Association is responsible for restructuring problem banks, injecting capital into problem banks, and ensuring that problem banks survive the crisis, and then Xiangjiang Financial has maintained stability."

Everyone nodded repeatedly, and even the general manager of Hengsheng Bank, Yi Weiguo, praised his family members with praises, "Sir Gao has great insights. This model for solving bank problems in the current banking crisis is extremely feasible. If there is another When problem banks arise, there are rules to follow."

Gao Xian hurriedly said modestly, "It's not really a true insight. This is the experience gradually gained in the process of dealing with problem banks one by one."

Representatives from other banks on the Hong Kong Banking Association Committee also expressed praise for the "Gaoxian Model".

In fact, the reason why the members of the Hong Kong Banking Association committee are so unanimous is because beneath the high-sounding sound, real benefits have been discovered.

For example, if a global epidemic breaks out, the world economy is hit, and a crisis is looming, is this a crisis for the poor or a crisis for the rich?

The current banking crisis in Hong Kong is a process in which the weak are eaten up, and the eating will not be ugly. If a favorable bank takes control of Union Bank, it can be said that it is easily captured.

Of course, the problem bank that is being eaten cannot be too bad. The bank that opens its mouth to devour must have sufficient strength. In this kind of matching, the ability to seize opportunities is still needed.

Noting the enthusiasm expressed by the representatives of the banks on the Hong Kong Banking Association Committee, wishing for another unlucky person to be squeezed out, the Financial Secretary Peng Lizhi, who was rarely relaxed, frowned unnoticeably, because the truth is obvious , the Hong Kong government should be responsible for the risk of insolvency of problem banks.

After glancing at the smiling Gao Xian, Financial Secretary Peng Lizhi suddenly felt sincerely that Sir Gao proposed that the Hong Kong banking industry establish a set of new review standards, including capital adequacy ratios and loan-to-deposit ratios.

, it is indeed very necessary, but I am afraid that this proposal will be commonly known as the "high string plan" or "high string standard".

Financial Secretary Peng Lizhi coughed lightly and calmly changed the subject: "Sir Gao, this Hong Kong banking crisis should be over soon, right?"

Gao Xian replied without missing a beat: "I think, from a bank operation perspective, the negative energy has been released almost, and the general trend that this Hong Kong banking crisis is coming to an end should be formed."

"That's good, that's good." Financial Secretary Peng Lizhi breathed a sigh of relief.

In fact, although Gao Xian took the initiative to make arrangements, using Carin, Hang Lung Bank, and Overseas Trust Bank as the entry points to squeeze the Hong Kong business community and Hong Kong banking industry, he tried to avoid these impacts, which would be superimposed with the inevitable Hong Kong dollar crisis this year.

, but now he also feels a little tired.

The heat should be almost there. If it can be stabilized like this first, it will be acceptable.

From this point of view, the moods of Gao Xian and Financial Secretary Peng Lizhi are similar.

Next, the situation in Hong Kong's banking industry has indeed gradually stabilized.

Just when everyone began to feel that the Spring Festival was approaching and they could finally breathe a sigh of relief, something happened again, and a scandal broke out at Yongan Bank.

In terms of scale, Wing On Bank is also a small bank among the Chinese banks in Hong Kong, but its qualifications are much older than Union Bank, which was founded in the 1960s. It was founded by the Kwok brothers who founded the famous Wing On Department Store.

In the more than half a century from 1931 to the present, there have been many banking crises in Hong Kong, but Wing On Bank has remained standing due to its conservative style and continues to this day.

Unexpectedly, something happened to the third generation of the Guo family in Wing On Bank. Guo Zhikuang, who served as the general manager of Wing On Bank, successively misappropriated 10 million US dollars from Wing On Bank for his own use. As a result, the first few

The approved funds cannot be recovered. This situation is a bit similar to Hang Lung Bank and Overseas Trust Bank.

When Gao Xian got the news, his first reaction was, no wonder it was difficult to promote his new audit standards. He just made a random calculation and it was shocking.

The Financial Secretary of the Hong Kong Government, Peng Lizhi, was very angry. There was no end to it. Seeing that the banking crisis during his tenure was finally coming to an end, why did something go wrong again?

Seeing Financial Secretary Peng Lizhi sitting there sulking, Gao Xian was not in a hurry to speak, because although he was not afraid of poor management, he had to be careful about "black holes" like Yong'an Bank.

Seeing that the atmosphere of the meeting was a bit dull, Financial Secretary Peng Lizhi had to bite the bullet and said, "Everyone, please tell me how to deal with it."

Chen Zuze said: "Yongan Bank has always been controlled by the Guo family and has been safe and sound for so many years. Although a scandal has suddenly appeared, it may take a lot of time to understand further details."

Financial Secretary Peng Lizhi glanced at Gao Xian and muttered in his heart, it turns out that you are also afraid of not being able to figure out the details and being deceived.

To everyone's surprise, Yi Weiguo suddenly volunteered and said: "If the Financial Secretary agrees, Hengsheng Bank is willing to adopt the Union Bank model to deal with the crisis of Yongan Bank."