LATEST UPDATES

Published at 25th of December 2023 05:15:34 AM


Chapter 370: [Voice of Wu Guangyao! 】

If audio player doesn't work, press Stop then Play button again








Chapter 370 [Voice of Wu Guangyao! 】

Wu Guangyao is not the famous British-funded banks such as HSBC and Standard Chartered;

Those Chinese banks on the verge of bankruptcy would never think of seeking help from Wu Guangyao, and would only choose to seek help from foreign banks.

If this is the case, wouldn’t it be cheaper for foreign banks such as HSBC and Standard Chartered to allow them to annex Chinese banks?

So, on February 6, Wu Guangyao made announcements through various media such as Hong Kong Island Commercial Radio, Oriental Daily, Ming Pao.

The content of the announcement is:

If any Chinese bank feels pressure from depositors to withdraw funds, its financial situation is worthy of funding; then Everbright Bank is willing to discuss with each other how to help through the difficulties.

Announcer: Wu Guangyao!

As soon as the announcement came out, Hong Kong and Kowloon earthquake!

Everyone has never heard of Everbright Bank, but Wu Guangyao is thunderous!

Everyone did not expect Wu Guangyao to join this run, nor did he expect Wu Guangyao to be able to deal with this crisis.

HSBC Bank

Sundus smiled bitterly and said to a group of senior executives: "With my many years of friendship with Wu Guangyao, I never thought that he would do this trick! And although he has money, how can he have so much cash?"

At this time, Shen Bi, who has been promoted to senior management, said: “Will his goal be to acquire a middle-level bank with better assets, so let these banks take the initiative to come to negotiate with him, so that he will have a lot of choices.”

Shen Bi’s words have been unanimously agreed by everyone!

After all, although Wu Guangyao has money, he is absolutely impossible to prepare a large amount of cash. He is not a god, how could it be counted as a bank run on Hong Kong Island.

Sundars continued: "No matter what Wu Guangyao's purpose is, we, HSBC, cannot be weaker than him, and we have to make the same announcement. After all, HSBC is the overlord of Hong Kong Island banks. If we do not publish our own statement , Does not meet the identity."

Shen Bi said: "Yes, Chinese banks still have a lot of investment worthy of us! Taking advantage of this wave of crisis, we can control one or two potential Chinese banks, such as Hang Seng Bank. As for those banks that are not worth investing, Let them fend for themselves and disappear into the long river of history!"

Shen Bi’s words are ugly, but they are normal people's thinking!

Thinking about it in another way, if HSBC has something like this, the Chinese-owned bank will probably applaud loudly!

Aid to HSBC, that’s what people with a sick mind would think.

The opinions of senior HSBC officials quickly reached an agreement, which is to show HSBC's strength in this Chinese-funded bank incident and also take the opportunity to control several Chinese-funded banks.

At this time, the Far East Bank of the richest man in the New Territories and the giant of the New Territories banking giant Qiu Degen is also in big trouble;

Far East Bank branches in the New Territories are all in a hurry for cash;

Some villagers from the New Territories who did not get the money came to Kowloon by car and made trouble in the headquarters building of the Far East Bank.

All of these people had anxious and angry expressions, crowded outside the business hall, looking at Qiu Degen who rushed over, angrily.

Qiu Degen just bit the bullet and explained: "Our bank has a good credit, and we will never lose a penny. With such a high interest rate, wouldn't it be better for you to deposit the interest in the bank? It is not economical to withdraw it before it expires. The 17-story building of the Far East Bank is affordable, but still owes money? The bank is very well-funded."

Fortunately, Qiu Degen didn't mention the Bank Building, and it immediately angered everyone.

"The money from you? Your bank building was built with our money!"

"Have you lied to us enough? You veteran?"

"Shanghai guy! What prestige do you rely on?"

"Shanghai guy! When you came to our Tsuen Wan, you couldn't even eat a bowl of sirloin noodles in your pocket! Today we want you to vomit what you eat!"

"If you don't pay, you will hit your bank!"

As soon as the voice fell, I didn’t know where a flying stone came, smashing a piece of glass in the bank, and the crowd applauded!

The situation is not good, Qiu Degen can only return to the office under the cover of the staff.

The phone in the office kept ringing, and bad news came from all over the place. Qiu Degen could only patiently tell the staff that he must communicate with the depositors and persuade everyone more.

Hang up, Qiu Degen sat down weakly!

Qiu Degen growled in a low voice:

"What's wrong with our bank building? Is the money that HSBC and Standard Chartered built for the building is not the money of the depositors, but the money brought from the UK?"

"Why don't you people go to HSBC and Standard Chartered to make trouble, you know that you can't get through the bank opened with Huaxia!"

"Aren't we Chinese people should eat bank meals?"

Qiu Degen couldn’t understand it, his head seemed to be cracked!

At this time, although Qiu Degen is a tough guy, he did not cry bitterly, but he was also very sad;

Qiu Degen decided to borrow money from friends from Shanghai and Hong Kong Island to tide over the difficulties.

Qiu Degen, will you borrow money?

Actually, the answer is destined. Although it is important to be in the same hometown on Hong Kong Island, money is more important!

Hang Seng Bank

The leaders of Hang Seng looked sad. The run on the bank is getting worse and worse. Hang Seng Bank is already in danger. Without cash flow support, it will definitely lose its credibility. Even if it does not go bankrupt, its vitality will be severely injured.

Think about Liao Chong Hing Bank, everyone is afraid after a while;

Liao Chong Hing Bank is still half-dead, and it seems that there is no hope of doing it.

"You said we go to Wu Guangyao for help, what will be the result?" He Shanheng said, now that we can only plan for the worst.

"Since he was only willing to lend 30 million Hong Kong dollars yesterday, he would no longer borrow for free! And since he dared to make an announcement in the media, it means that he has a very high cash flow. Isn't he just waiting for this day? "Li Guowei said in a deep voice.

Everyone looked incredible after listening to Li Guowei's words!

This person can really be counted in the banking industry on Hong Kong Island. Will there be a run?

"Maybe he happened to open a bank, so he took out the money in other banks and planned to deposit it in his own bank!" He Tian said.

"Probably so! Since he has the ability to help us, let's talk about it and see what conditions he has!" He Shanheng made up his mind. Instead of waiting for Hang Seng Bank's vitality, it is better to introduce Wu Guangyao as a major shareholder.

"Chairman, HSBC has also issued an announcement, we can also go to negotiate and see who gives good terms!" Li Guowei said.

He Shanheng thought, the negotiation between the two sides is indeed a good choice.

"Guowei, only you have a better English among us, so you go to HSBC, don't promise anything first, and see what conditions they offer; and I will meet Wu Guangyao again to see what the conditions he gave us; we Compare the two before making a decision."

Since Wu Guangyao made the announcement, the bank boss found the headquarters of China Everbright Bank in the afternoon and came to seek help.

Wu Guangyao and his team have already had some understanding of banks on Hong Kong Island;

Banks with too strong banking style will not be considered;

Bad assets, insolvent banks will not consider it.

He Shanheng found the headquarters of China Everbright Bank according to the address of the newspaper, which was just a six-story old building;

But now, it is indeed a safe haven for many bankers!

When He Shanheng came, Wu Guangyao's team happened to have a small bank;

Everbright Bank invested 1 million Hong Kong dollars and won a bank with 12 stores and originally had 100 million Hong Kong dollars in deposits.

In fact, if Wu Guangyao only has 51% of the shares, he can spend no money, just agree to the bank to tide over the difficulties!

Watching the familiar banker being led out, He Shanheng greeted with a wry smile, while the banker sighed.

"Brother Ho, sit down!" Wu Guangyao greeted him enthusiastically. There is no reason to be unhappy when the fat sheep is delivered to the door.

After He Shanheng sat down, he looked at the foreigners and few Chinese in Wu Guangyao's office, guessing that these people are the legendary Wu Guangyao's private advisory group on Hong Kong Island.

"Glory, let's not reminisce about the old, let's go directly to the topic!"

Wu Guangyao nodded and said, "Okay! Don't tell me, Brother He, I'm not going to open a bank, so I took out all my deposits outside and planned to put them in my own bank. The funds are sufficient, and the total value is much higher. There are hundreds of millions of Hong Kong dollars in British pounds and Hong Kong dollars, and there is still a lot of gold that can be misappropriated. Therefore, there is no pressure to deal with this run."

He Shanheng heard Wu Guangyao's words, and he was extremely surprised!

Cash worth hundreds of millions of Hong Kong dollars, Hong Kong Island except HSBC and Standard Chartered can get it, and other people may not be able to get tens of millions of Hong Kong dollars. Is this the strength of the world's richest man?

He Shanheng stopped his mind for three seconds, and then calmly said: "On what terms do you want to assist Hang Seng Bank?"

Wu Guangyao did not speak, but signaled Rong Bensheng to negotiate on his behalf.

"Mr. Ho, if we didn’t guess wrong, when you ask us for help, you are also asking HSBC for help, right?"

When He Shanheng heard what Rong Bensheng said, his face changed slightly. At this time, no matter how old he is, he is not in control.

"Yes! Hang Seng Bank has good assets and is not another bank, so we have the right to choose."

Wu Guangyao and his team have an eye contact, everyone can only implement the second plan!

Originally, according to the information Wu Guangyao knew in his previous life, HSBC wanted 51% of the shares to provide ‘unlimited support’ to Hang Seng Bank.

So the second plan is that the conditions cannot be set higher than HSBC, lest Hang Seng Bank will fall to HSBC.

Rong Bensheng said: “We want 35% of Hang Seng Bank’s shares, plus 5% of the owner’s shares to be undiluted; The bank shouted; He Sheng should understand that there are tens of thousands of people working for our boss on Hong Kong Island, and the reputation of our boss is no less than that of HSBC."

"We can also agree not to participate in the specific operations of Hang Seng Bank, and only send 3 directors to make some suggestions and participate in some decision-making."

(End of this chapter)




Please report us if you find any errors so we can fix it asap!


COMMENTS