v2 Chapter 578： Predators grab a big meal (1/2)

The intervention of the Hong Kong government has caused a great shock to the banking industry of Hong Kong.

First, Hang Lung Galaxy and Ka Wah Bank were forcibly taken over by the Hong Kong government, and the Chuang brothers and Liu brothers were restricted from leaving the country. The Financial Bureau intervened in the two banks and began to check their accounts.

Only after the Financial Bureau finds out that the Chuang brothers and the Liu brothers are not suspected of financial fraud or transfer of assets and other illegal activities can they restore their personal freedom.

Although the Hong Kong government took over the two banks, the run on the two banks has spread to all small and medium-sized banks in Hong Kong. Many older citizens have the run on the run more than ten years ago.

Since 1961, Liao Chong Hing Bank began to have a run on the bank, and its subsequent impact has always existed. In 1965 and 1967, a large-scale run on the bank broke out. It can be said that the 1960s was a dark period for Heung Kong's banking industry. There were many failed banks. Many savers lost their money.

The run-ups caused by Hang Lung Bank and Ka Wah Bank are no smaller than in the past.

Many older citizens explained to younger citizens about the run-off that occurred more than ten years ago, which caused panic among the entire Xiangjiang people, and more and more people went to various small and medium banks to withdraw money.

Seeing this situation, MacLehose successively urged Xia Dingji to speed up the investigation of the foundations of the two major banks.

Unexpectedly, it hadn't been found out yet, and suddenly it broke out that Xie Liyuan's gold shop had run out of funds.

Xie Liyuan Gold Shop is a well-known big gold shop in Hong Kong. It was founded in 1867 and is a century-old store.

In the past few years, Xie Liyuan Gold Shop launched the ”Thousand Pure Gold Accumulation Plan” to start the trading of gold futures. The public can open gold accounts and buy and sell gold at the same day gold price set by Xie Liyuan Gold Shop.

Because Xie Liyuan Gold Shop itself operates gold, the gold futures purchased by the public can be directly exchanged for real gold, giving the public a strong confidence in Xie Liyuan Gold Shop, so it became popular in Xiangjiang once it was launched.

It’s just that after launching the paper gold business, Xie Liyuan Gold Shop will diligently buy gold in the international market. However, over time, Xie Liyuan Gold Shop has become slack, management is out of balance, and funds are misappropriated, resulting in Xie Liyuan Gold Shop’s own failure. Large-scale gold reserves.

Coupled with the sudden rise in international gold prices, Xie Liyuan Gold Shop also suffered serious losses.

But fortunately, it concealed it properly, and the citizens did not discover the problem.

It is a pity that Hang Lung Bank and Ka Wah Bank exploded in the gold futures business, which caused a run, and the gold futures order was unable to accept it. Many citizens immediately thought of the paper gold in their hands and hurried to Xie Liyuan Gold Shop to accept it.

Xie Liyuan Gold Shop does not have a large-scale gold reserve, and there is little liquidity. In the face of customers waving paper gold bills, Xie Liyuan Gold Shop’s funds directly bottomed out, and they had no choice but to close the door and refuse to pay.

Following Hang Lung Bank and Ka Wah Bank, another gold shop was on the verge of bankruptcy. The already fragile nerves of the citizens were once again tightened. More people were rushing to withdraw money from banks where deposits were made. The heads of the banks couldn't help but swear. Xie Liyuan Gold Shop.

The number of victims coming to the Hong Kong government to petition increased again, and MacLehose was furious, and once again recruited people from the tax department, and at the same time conducted a regulatory investigation on the Xie Liyuan Gold Shop.

As a result, on the fourth day, that is, on March 17, the smallest Xie Liyuan gold store directly announced its closure, and the century-old enterprise collapsed.

At the Jiuding Bank Building in Central, Xia Yu and Liu Tianci looked at the crowded lobby of the bank, and both smiled with satisfaction.

Other small and medium-sized banks are worried about the crowds in their business halls, because all they go to withdraw money.

But Jiuding Bank does not want more people to come, because except for a few people, most people come to make deposits.

At this critical time for the banking industry, Jiuding Bank, backed by Jiuding Culture Media Group, has a huge advantage in public opinion. After repeated publicity, the public has great confidence in Jiuding Bank.

Although Jiuding Bank is a new large bank, who makes Jiuding Bank strong in capital, so it can rise against the market and absorb reserves on a large scale.

”Chairman, I didn't expect to wait for the news of Hang Lung Bank and Ka Wah Bank. On the contrary, Xie Liyuan Gold Shop, which he did not follow, went bankrupt.”

Liu Tianci sighed, with an inexplicable smile on his face. At that time, he was surprised when he learned that Xie Liyuan gold shop had a problem, but he did not feel sympathy. Although Xie Liyuan gold shop has been affected, but if it does not cause problems. , It will not go bankrupt.

I can only say that it is self-inflicted!

Xia Yu smiled and said in a calm tone: ”Xie Liyuan's gold store closed down because he deserves it. I can't blame others. If you don't explode now, you will also explode later, and you will die sooner or later.”

”Hang Lung Bank and Ka Wah Bank can't handle it anymore. They will declare bankruptcy in at most two days. At that time, the Hong Kong government will choose to find other banks to take over. HSBC and Standard Chartered Bank will not let go of dead rabbits. of.”

Liu Tianci nodded and replied: ”Don't worry, our bank is a large creditor of Hang Lung Bank and Ka Wah Bank. Even if HSBC and Standard Chartered Bank use the relationship, our bank has a great chance of winning.”

”Well, you just have to grasp it!”

Xia Yu said with a smile and nodded.

...

At the HSBC Building, Shen Bi put down the newspaper in his hand and listened carefully to the report by Tom Yasuo, manager of the M&A department.