Chapter 369: [The storm has resumed, the bank run! 】
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Chapter 369【The storm is back, the bank runs! 】
The time came to January 26, during which China Everbright Bank made orderly preparations without much publicity;
So the matter about China Everbright Bank gradually faded away!
At this time, only two months have passed since the implementation of the new regulations for the Hong Kong Island Bank. No one would have thought that the biggest bank run on Hong Kong Island in the history of Hong Kong Island is coming like a violent wind.
That morning, at the door of Mingde Yinhao, a small bank that did not form a legal person, a lot of abbeys from the countryside began to appear.
When the staff opened the shop and was about to open the shop, they watched hundreds of elders and grandmothers swarming up, and they immediately shook their hearts!
The faces of these people showed a sense of urgency. At first glance, they were unkind. They never came to deposit money, that is, they came to withdraw cash.
"Hurry up, young son! We're in a hurry to get the money to do business! Why are you so flabbergasted at a young age!" A strong uncle could not wait to squeeze the crowd away, and came to the counter first, swearing, obviously, obviously Is a powerful character.
"Withdraw money, I will take out all the money on this, I rushed to use the money!" Aber's face was anxious and excited. After all, he was the first to start withdrawing money. The reason is that you don't even have this little money!
"Ah! Good!" The staff also chuckled in their hearts, but they still proceeded.
The scene at this time, even a fool knows that there may be a bank run today;
A management hurriedly called someone to call the boss, and he shouted to the crowd: "Aberma, don’t worry, our silver account has a lot of cash flow; have you heard any rumors, don’t Believe! It is better to have a silver account for the money, and there will be no thieves and hooligans to patronize."
Unfortunately, the red-eyed Aberma didn't pay any attention to it. After only 2 hours, the cash in the Mingde Silver Store was in a hurry and was ran out.
For a while, Auntie quit, she started crying and crying, desperate for life;
What's more, he cried directly in the street. The tragic level was quickly seen. The lack of money for the Mingde Silver immediately spread across Hong Kong Island.
On the same day, rumors arose in Hong Kong and Kowloon, and people were panicked;
Some depositors are afraid that their deposit banks will go bankrupt and their savings will go to naught, and they panic to go to major banks to withdraw funds;
The squeeze into the vast ocean is raging, shaking the Hong Kong and Kowloon banking industry, and small and medium banks are at risk.
Many depositors see a bank run, for fear that the bank’s money will be drawn out, they will naturally join in;
Like a domino effect, let alone Aberma, even some white-collar workers also joined this run.
In the afternoon, Wu Guangyao urgently convened his four-member advisory group, and Andri and Leihong of China Everbright Bank.
"What do you think?" Wu Guangyao spoke first.
Everyone focused on Wu Guangyao, and found that Wu Guangyao at this time was calm and could not understand the boss's inner thoughts.
Financial adviser Morse quickly sorted out his thoughts and said: "BOSS, as far as I know, since the Chinese bank run in 1961, the Chinese banks on Hong Kong Island have not learned their lesson; they invested heavily. The real estate industry may give loans to real estate developers or participate in the real estate feast in person. Therefore, their cash flow at this time is not enough to resist the run, and there may be bank and bank failures!"
"We can take the opportunity to acquire one or two banks with stronger capabilities!"
When everyone heard it, they all agreed!
Everbright Bank Chairman Andri said: "With the strength of BOSS, it is unreasonable to develop the banking industry step by step. Although these Chinese banks are not large in scale, they are a good food for the Everbright Bank at this time. Will have indigestion!"
Wu Guangyao pondered for a moment, and then said: "We can't intervene in this matter prematurely, so we should be a bystander first. When the time is right, we will act as the savior again, the effect will not be better!"
Everyone quickly understood what Wu Guangyao meant, that is, without closing down a few small banks first, how could the bank run incident affect the medium-sized banks!
To put it bluntly, the more serious this incident is, the more beneficial it is to China Everbright Bank!
Wait for everyone's vitality, China Everbright Bank attacked from all sides to gather deposits from depositors.
The Ming Tak Bank’s run was like a fuse, and it really set off a wave of runs at the Chinese Bank of Hong Kong Island.
The next day, the bank account supervisor of the Hong Kong government inspected the Mingde Bank account;
It was discovered that the Mingde Bank not only regarded the interest rate agreement of the trade association as nothing, but also the Mingde Bank had no liquidity and no ability to repay.
Good guy, this is really emptied of depositors' money!
Savers can’t get the money, so they will naturally make trouble. This trouble in Hong Kong and Kowloon is well known to everyone, and the run-on incident will naturally increase the scope.
On February 3, the time-honored Chinese bank established in 1931, the Guangdong Provincial Trust Commercial Bank, was unable to withstand a run and announced that it had sold out cash. The Hong Kong government immediately announced the implementation of controls on this bank.
In just seven days, two banks went bankrupt;
Even the Guangdong Provincial Trust Commercial Bank, which has 26 branches, went bankrupt, which undoubtedly intensified the run turmoil;
Chinese banks are already facing the biggest credibility crisis in history.
HSBC and Standard Chartered Bank were calm, sitting firmly on the Diaoyutai.
Two Chinese banks closed down one after another, and the run spread spread. Only then did Hang Seng Bank He Shanheng realize the seriousness of the situation.
In the beginning, He Shanheng felt that Hang Seng Bank had a very good reputation. Although there were many loans outside, they were all reputable customers and could be recovered in time;
Unexpectedly, the fire actually ignited on Hang Seng Bank!
On February 4th, more and more people came to Hang Seng's head office and branches to withdraw funds. The leaders of Hang Seng mobilized urgently to raise cash to meet the withdrawal, and at the same time send commissioners to persuade customers not to withdraw funds.
He Shanheng and the veterans of Hang Seng took staff to branches to explain, guarantee, and advise to depositors, but they could not eliminate the fear of depositors.
Perhaps, it is the savers who remember that Hang Seng was born as a silver number;
Perhaps, it is the depositors’ distrust of the entire Chinese bank;
In short, the number of depositors who came to the run has increased unabated. Hang Seng’s total deposits amounted to 720 million Hong Kong dollars. The chaos is even more terrible than the Liao Chong Hing Bank run that year.
On February 5th, at 8 o'clock in the evening, He Shanheng came to find Wu Guangyao for help!
Wu Guangyao had long thought that He Shanheng would definitely ask for help from himself, and he also thought about the plan.
"Brother Ho, I am a shareholder of Hang Seng Bank. Although I am not in charge of Hang Seng Bank affairs, I am also obligated to help Hang Seng Bank tide over the difficulties; so, I will send 30 million Hong Kong dollars in cash to Hang Seng Bank tomorrow morning. I hope Hang Seng Bank No wonder the bank can survive!"
30 million Hong Kong dollars in cash can definitely show Wu Guangyao's sincerity; but Wu Guangyao estimates that Hang Seng Bank will never be restored!
The reason why Wu Guangyao is not in immediate danger, does not want to have a bad impression with He Shanheng and others!
After all, I am not HSBC or Standard Chartered, so I can be ruthless.
He Shanheng was taken aback. He didn’t expect Wu Guangyao to speak so well. He wanted to know that he urged some close-knit wealthy businessmen and bankers to ask for help, but no one could offer a helping hand.
And the relationship between myself and Wu Guangyao is not very close, I can only say that they are familiar people.
"Thank you so much! Guangyao, do you think this bank run will continue to spread and aggravate?" He Shanheng couldn't help asking Wu Guangyao. Although he is a banker, the people in front of him have a very unique vision.
"I don't know, I just entered the industry, and I didn't expect to encounter this kind of thing. I figured it out!" Wu Guangyao said.
(End of this chapter)
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Chapter 369【The storm is back, the bank runs! 】
The time came to January 26, during which China Everbright Bank made orderly preparations without much publicity;
So the matter about China Everbright Bank gradually faded away!
At this time, only two months have passed since the implementation of the new regulations for the Hong Kong Island Bank. No one would have thought that the biggest bank run on Hong Kong Island in the history of Hong Kong Island is coming like a violent wind.
That morning, at the door of Mingde Yinhao, a small bank that did not form a legal person, a lot of abbeys from the countryside began to appear.
When the staff opened the shop and was about to open the shop, they watched hundreds of elders and grandmothers swarming up, and they immediately shook their hearts!
The faces of these people showed a sense of urgency. At first glance, they were unkind. They never came to deposit money, that is, they came to withdraw cash.
"Hurry up, young son! We're in a hurry to get the money to do business! Why are you so flabbergasted at a young age!" A strong uncle could not wait to squeeze the crowd away, and came to the counter first, swearing, obviously, obviously Is a powerful character.
"Withdraw money, I will take out all the money on this, I rushed to use the money!" Aber's face was anxious and excited. After all, he was the first to start withdrawing money. The reason is that you don't even have this little money!
"Ah! Good!" The staff also chuckled in their hearts, but they still proceeded.
The scene at this time, even a fool knows that there may be a bank run today;
A management hurriedly called someone to call the boss, and he shouted to the crowd: "Aberma, don’t worry, our silver account has a lot of cash flow; have you heard any rumors, don’t Believe! It is better to have a silver account for the money, and there will be no thieves and hooligans to patronize."
Unfortunately, the red-eyed Aberma didn't pay any attention to it. After only 2 hours, the cash in the Mingde Silver Store was in a hurry and was ran out.
For a while, Auntie quit, she started crying and crying, desperate for life;
What's more, he cried directly in the street. The tragic level was quickly seen. The lack of money for the Mingde Silver immediately spread across Hong Kong Island.
On the same day, rumors arose in Hong Kong and Kowloon, and people were panicked;
Some depositors are afraid that their deposit banks will go bankrupt and their savings will go to naught, and they panic to go to major banks to withdraw funds;
The squeeze into the vast ocean is raging, shaking the Hong Kong and Kowloon banking industry, and small and medium banks are at risk.
Many depositors see a bank run, for fear that the bank’s money will be drawn out, they will naturally join in;
Like a domino effect, let alone Aberma, even some white-collar workers also joined this run.
In the afternoon, Wu Guangyao urgently convened his four-member advisory group, and Andri and Leihong of China Everbright Bank.
"What do you think?" Wu Guangyao spoke first.
Everyone focused on Wu Guangyao, and found that Wu Guangyao at this time was calm and could not understand the boss's inner thoughts.
Financial adviser Morse quickly sorted out his thoughts and said: "BOSS, as far as I know, since the Chinese bank run in 1961, the Chinese banks on Hong Kong Island have not learned their lesson; they invested heavily. The real estate industry may give loans to real estate developers or participate in the real estate feast in person. Therefore, their cash flow at this time is not enough to resist the run, and there may be bank and bank failures!"
"We can take the opportunity to acquire one or two banks with stronger capabilities!"
When everyone heard it, they all agreed!
Everbright Bank Chairman Andri said: "With the strength of BOSS, it is unreasonable to develop the banking industry step by step. Although these Chinese banks are not large in scale, they are a good food for the Everbright Bank at this time. Will have indigestion!"
Wu Guangyao pondered for a moment, and then said: "We can't intervene in this matter prematurely, so we should be a bystander first. When the time is right, we will act as the savior again, the effect will not be better!"
Everyone quickly understood what Wu Guangyao meant, that is, without closing down a few small banks first, how could the bank run incident affect the medium-sized banks!
To put it bluntly, the more serious this incident is, the more beneficial it is to China Everbright Bank!
Wait for everyone's vitality, China Everbright Bank attacked from all sides to gather deposits from depositors.
The Ming Tak Bank’s run was like a fuse, and it really set off a wave of runs at the Chinese Bank of Hong Kong Island.
The next day, the bank account supervisor of the Hong Kong government inspected the Mingde Bank account;
It was discovered that the Mingde Bank not only regarded the interest rate agreement of the trade association as nothing, but also the Mingde Bank had no liquidity and no ability to repay.
Good guy, this is really emptied of depositors' money!
Savers can’t get the money, so they will naturally make trouble. This trouble in Hong Kong and Kowloon is well known to everyone, and the run-on incident will naturally increase the scope.
On February 3, the time-honored Chinese bank established in 1931, the Guangdong Provincial Trust Commercial Bank, was unable to withstand a run and announced that it had sold out cash. The Hong Kong government immediately announced the implementation of controls on this bank.
In just seven days, two banks went bankrupt;
Even the Guangdong Provincial Trust Commercial Bank, which has 26 branches, went bankrupt, which undoubtedly intensified the run turmoil;
Chinese banks are already facing the biggest credibility crisis in history.
HSBC and Standard Chartered Bank were calm, sitting firmly on the Diaoyutai.
Two Chinese banks closed down one after another, and the run spread spread. Only then did Hang Seng Bank He Shanheng realize the seriousness of the situation.
In the beginning, He Shanheng felt that Hang Seng Bank had a very good reputation. Although there were many loans outside, they were all reputable customers and could be recovered in time;
Unexpectedly, the fire actually ignited on Hang Seng Bank!
On February 4th, more and more people came to Hang Seng's head office and branches to withdraw funds. The leaders of Hang Seng mobilized urgently to raise cash to meet the withdrawal, and at the same time send commissioners to persuade customers not to withdraw funds.
He Shanheng and the veterans of Hang Seng took staff to branches to explain, guarantee, and advise to depositors, but they could not eliminate the fear of depositors.
Perhaps, it is the savers who remember that Hang Seng was born as a silver number;
Perhaps, it is the depositors’ distrust of the entire Chinese bank;
In short, the number of depositors who came to the run has increased unabated. Hang Seng’s total deposits amounted to 720 million Hong Kong dollars. The chaos is even more terrible than the Liao Chong Hing Bank run that year.
On February 5th, at 8 o'clock in the evening, He Shanheng came to find Wu Guangyao for help!
Wu Guangyao had long thought that He Shanheng would definitely ask for help from himself, and he also thought about the plan.
"Brother Ho, I am a shareholder of Hang Seng Bank. Although I am not in charge of Hang Seng Bank affairs, I am also obligated to help Hang Seng Bank tide over the difficulties; so, I will send 30 million Hong Kong dollars in cash to Hang Seng Bank tomorrow morning. I hope Hang Seng Bank No wonder the bank can survive!"
30 million Hong Kong dollars in cash can definitely show Wu Guangyao's sincerity; but Wu Guangyao estimates that Hang Seng Bank will never be restored!
The reason why Wu Guangyao is not in immediate danger, does not want to have a bad impression with He Shanheng and others!
After all, I am not HSBC or Standard Chartered, so I can be ruthless.
He Shanheng was taken aback. He didn’t expect Wu Guangyao to speak so well. He wanted to know that he urged some close-knit wealthy businessmen and bankers to ask for help, but no one could offer a helping hand.
And the relationship between myself and Wu Guangyao is not very close, I can only say that they are familiar people.
"Thank you so much! Guangyao, do you think this bank run will continue to spread and aggravate?" He Shanheng couldn't help asking Wu Guangyao. Although he is a banker, the people in front of him have a very unique vision.
"I don't know, I just entered the industry, and I didn't expect to encounter this kind of thing. I figured it out!" Wu Guangyao said.
(End of this chapter)
Chapter 369The storm is back, the bank runs! The time came to January 26, during which China Everbright Bank made orderly preparations without much publicity;So the matter about China Everbright Bank gradually faded away!At this time, only two months have passed since the implementation of the new regulations for the Hong Kong Island Bank. No one would have thought that the biggest bank run on Hong Kong Island in the history of Hong Kong Island is coming like a violent wind.That morning, at the door of Mingde Yinhao, a small bank that did not form a legal person, a lot of abbeys from the countryside began to appear.When the staff opened the shop and was about to open the shop, they watched hundreds of elders and grandmothers swarming up, and they immediately shook their hearts!The faces of these people showed a sense of urgency. At first glance, they were unkind. They never came to deposit money, that is, they came to withdraw cash."Hurry up, young son! We're in a hurry to get the money to do business! Why are you so flabbergasted at a young age!" A strong uncle could not wait to squeeze the crowd away, and came to the counter first, swearing, obviously, obviously Is a powerful character."Withdraw money, I will take out all the money on this, I rushed to use the money!" Aber's face was anxious and excited. After all, he was the first to start withdrawing money. The reason is that you don't even have this little money!"Ah! Good!" The staff also chuckled in their hearts, but they still proceeded.The scene at this time, even a fool knows that there may be a bank run today;A management hurriedly called someone to call the boss, and he shouted to the crowd: "Aberma, don't worry, our silver account has a lot of cash flow; have you heard any rumors, don't Believe! It is better to have a silver account for the money, and there will be no thieves and hooligans to patronize."Unfortunately, the red-eyed Aberma didn't pay any attention to it. After only 2 hours, the cash in the Mingde Silver Store was in a hurry and was ran out.For a while, Auntie quit, she started crying and crying, desperate for life;What's more, he cried directly in the street. The tragic level was quickly seen. The lack of money for the Mingde Silver immediately spread across Hong Kong Island.On the same day, rumors arose in Hong Kong and Kowloon, and people were panicked;Some depositors are afraid that their deposit banks will go bankrupt and their savings will go to naught, and they panic to go to major banks to withdraw funds;The squeeze into the vast ocean is raging, shaking the Hong Kong and Kowloon banking industry, and small and medium banks are at risk.Many depositors see a bank run, for fear that the bank's money will be drawn out, they will naturally join in;Like a domino effect, let alone Aberma, even some white-collar workers also joined this run.In the afternoon, Wu Guangyao urgently convened his four-member advisory group, and Andri and Leihong of China Everbright Bank."What do you think?" Wu Guangyao spoke first.Everyone focused on Wu Guangyao, and found that Wu Guangyao at this time was calm and could not understand the boss's inner thoughts.Financial adviser Morse quickly sorted out his thoughts and said: "BOSS, as far as I know, since the Chinese bank run in 1961, the Chinese banks on Hong Kong Island have not learned their lesson; they invested heavily. The real estate industry may give loans to real estate developers or participate in the real estate feast in person. Therefore, their cash flow at this time is not enough to resist the run, and there may be bank and bank failures!""We can take the opportunity to acquire one or two banks with stronger capabilities!"When everyone heard it, they all agreed!Everbright Bank Chairman Andri said: "With the strength of BOSS, it is unreasonable to develop the banking industry step by step. Although these Chinese banks are not large in scale, they are a good food for the Everbright Bank at this time. Will have indigestion!"Wu Guangyao pondered for a moment, and then said: "We can't intervene in this matter prematurely, so we should be a bystander first. When the time is right, we will act as the savior again, the effect will not be better!"Everyone quickly understood what Wu Guangyao meant, that is, without closing down a few small banks first, how could the bank run incident affect the medium-sized banks!To put it bluntly, the more serious this incident is, the more beneficial it is to China Everbright Bank!Wait for everyone's vitality, China Everbright Bank attacked from all sides to gather deposits from depositors.The Ming Tak Bank's run was like a fuse, and it really set off a wave of runs at the Chinese Bank of Hong Kong Island.The next day, the bank account supervisor of the Hong Kong government inspected the Mingde Bank account;It was discovered that the Mingde Bank not only regarded the interest rate agreement of the trade association as nothing, but also the Mingde Bank had no liquidity and no ability to repay.Good guy, this is really emptied of depositors' money!Savers can't get the money, so they will naturally make trouble. This trouble in Hong Kong and Kowloon is well known to everyone, and the run-on incident will naturally increase the scope.On February 3, the time-honored Chinese bank established in 1931, the Guangdong Provincial Trust Commercial Bank, was unable to withstand a run and announced that it had sold out cash. The Hong Kong government immediately announced the implementation of controls on this bank.In just seven days, two banks went bankrupt;Even the Guangdong Provincial Trust Commercial Bank, which has 26 branches, went bankrupt, which undoubtedly intensified the run turmoil;Chinese banks are already facing the biggest credibility crisis in history.HSBC and Standard Chartered Bank were calm, sitting firmly on the Diaoyutai.Two Chinese banks closed down one after another, and the run spread spread. Only then did Hang Seng Bank He Shanheng realize the seriousness of the situation.In the beginning, He Shanheng felt that Hang Seng Bank had a very good reputation. Although there were many loans outside, they were all reputable customers and could be recovered in time;Unexpectedly, the fire actually ignited on Hang Seng Bank!On February 4th, more and more people came to Hang Seng's head office and branches to withdraw funds. The leaders of Hang Seng mobilized urgently to raise cash to meet the withdrawal, and at the same time send commissioners to persuade customers not to withdraw funds.He Shanheng and the veterans of Hang Seng took staff to branches to explain, guarantee, and advise to depositors, but they could not eliminate the fear of depositors.Perhaps, it is the savers who remember that Hang Seng was born as a silver number;Perhaps, it is the depositors' distrust of the entire Chinese bank;In short, the number of depositors who came to the run has increased unabated. Hang Seng's total deposits amounted to 720 million Hong Kong dollars. The chaos is even more terrible than the Liao Chong Hing Bank run that year.On February 5th, at 8 o'clock in the evening, He Shanheng came to find Wu Guangyao for help!Wu Guangyao had long thought that He Shanheng would definitely ask for help from himself, and he also thought about the plan."Brother Ho, I am a shareholder of Hang Seng Bank. Although I am not in charge of Hang Seng Bank affairs, I am also obligated to help Hang Seng Bank tide over the difficulties; so, I will send 30 million Hong Kong dollars in cash to Hang Seng Bank tomorrow morning. I hope Hang Seng Bank No wonder the bank can survive!"30 million Hong Kong dollars in cash can definitely show Wu Guangyao's sincerity; but Wu Guangyao estimates that Hang Seng Bank will never be restored!The reason why Wu Guangyao is not in immediate danger, does not want to have a bad impression with He Shanheng and others!After all, I am not HSBC or Standard Chartered, so I can be ruthless.He Shanheng was taken aback. He didn't expect Wu Guangyao to speak so well. He wanted to know that he urged some close-knit wealthy businessmen and bankers to ask for help, but no one could offer a helping hand.And the relationship between myself and Wu Guangyao is not very close, I can only say that they are familiar people."Thank you so much! Guangyao, do you think this bank run will continue to spread and aggravate?" He Shanheng couldn't help asking Wu Guangyao. Although he is a banker, the people in front of him have a very unique vision."I don't know, I just entered the industry, and I didn't expect to encounter this kind of thing. I figured it out!" Wu Guangyao said.End of this chapter
